Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-11-01

strictions regarding the issue of s. notes
| The amount of notes fit for circulation as
sorted and returned to the banks of issue
was $57 66S, 715, the largest since 1879. Notes
unfit for use amounting to 81, 432, 232 were
delivered to the controller of the currency
for destruction and reissue, and SIS, 626, 431
of the notes of banks whose circulation Is
| being withdrawn We're delivered for retire
ment. The expenses for the year were
STAG, 236, an increase of s23, 252 over the year
preceding. The rate of expense was 1857
cents per $1,000 notes assorted, being 81. 81
cents for transportation and 61.75 for ali
other outlaws This rate is the lowest In
our records.
In the first three months of the fiscal
year 1902 national bank notes for $50, 59T ,6DI
were presented for redemption, an increase
or $1,E2,5i0 over the same months In 1901.
The redeemed notes amounted to $33, S3l,-
800. Of fresh cash deposits of So, SIG, $40 for
the retirement of national bank notes,
$40 was used for that purpose, and
the result was an increase in the balance
to the credit of that fund Of $191 ,030, car
rying the balance September 80 to $780,
3S9
All notes are paid for if checks are re-
quested on the day on which they are re-
ceived, and If currency is desired on the
succeeding day.
Use of Silver Dollars.
The shipments of standard silver dollars
from the treasury amounted for the year
to $3S, 33S $40, and the amount outstanding
in December was SIC, 1s2, 326, but this was
reduced nearly 100000 by July, in con-
sequence of the return Of the coins to
Washington. The shipments were 5.66 per
cent greater in 1901 than in 1900, and there
was an increase in the first quarter of 1902
over that of 1901. Standard dollars were
given for gold in New Orleans to help
move the crops to the amount of s., $50 600,
and for deposits in New York they were
shipped to southern points for s2,515 700.
an6a nd lollo tod M hof
ury in Washington for exchange We're 81
per cent in excess of such transactions in
the preceding year.
The shipments Of subsidiary silver coins
were 694 per cent in excess of those of
1900, and the amount in circulation adj
vanced Sc, 405 $3.50 The shipments in the
first three months Of 1901 recorded a fur
ther increase of 6.42 per cent. The redemp-
tons in 1901 were 1875 per cent more than
the year before, but in the subsequent
months there was a falling Off
RecOinage of Uncurrent Coins.
The uncurrent coins transferred to the
minis for recoinage We're less in all kinds
than in the preceding year, which probably
indicates an Improvement in the condition
of the metallic circulation. Counterfeit sill
yer coins and paper currency amounting to
$11,5S3 were detected during the year.
Porto Rican coins representing $500 ST.
pesos in silver and 34,122 in bronze have
been exchanged under the authorizing act
into $3,440, 22O in United States currency.
The exchanges have now fallen to such
small proportions as to indicate that but
few of the old coins remain in circulation.
Up to July "A. 1901, the collections on ac
count of the Porto Rican tariff fund amount
ed to $609,937. On that date the Presi-
dent set apart this fund for the public and
permanent improvements in the island, as
required by law. BY October 1, additional
collections of So. 6S1 were deposited in the
fund.
Since July /, 1900. the principal of the
Indebtedness of the Central Pacific Railway
Company has been reduced in the sum of
$4,739,974, by cash payments and trans
portation furnished. The balance of the
principal remaining unpaid at the date of
the last transaction was $39, 1863 562 Sc
cured by first mortgage bonds for $39, 3d.
900 as collateral.