New-York tribune. [volume] (New York [N.Y.]) 1866-1924, December 05, 1882, Image 4

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New-York tribune. [volume], December 05, 1882, Page 4, Image 4
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume] (New York [N.Y.]), 05 Dec. 1882. Chronicling America: Historic American Newspapers. Lib. of Congress. <https://chroniclingamerica.loc.gov/lccn/sn83030214/1882-12-05/ed-1/seq-4/>

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THETREA8URY DEPARTMENT.
TUF FINANVKS OF TOE COl'M KY.
gTATKMtNr Ot TI1K BBdBPtl AM> I XIKNOITrBF.*
BPOItT ANI> 1MPOBT Ot BVLI.ION-TIIE Ct'8TOM8
ajTB IMKItNAl. BBVENTE gBOttPTB fJM CEK
fi?? tataa, TA
Tlie aaaaaJ rojx.rt of the Troasnry l>on?rt
ment i..t Ita BaaTBl year BBaied J.mo 90, 1882,
ajaaj BBOflrftted t-> OaaajpOBI yostonlay h.v Bea>
retur.v B*olfet. Tlu- lopntt ahowa tbal
the tol.il or.lin.iy raaaipU aniount'il tO
M08,525,250 28, aad that tha total i\jioiuli
tiucs frata |857,?81,488 .'?7, lo-ving a
aurpl'H rovenue of $145,5*3,810 71
BSfdiealde to tho paym-nt ol faaht Tha total
racaipk, actaal aad aatfaiatefl, ot tho pejaaat
flaoal yoar are plaro.l at 8415,000,000 ; tho
total .??poniUtUTos. a.tu.ii BBd ostiniito.l, il
?295,000,000. The S.-.-tctaiy raoaani hai
rrcoiniii.-iHlation for tho iap al of tho aot
reqniriio,' tho kena of fold eatttfkatea
aud for a law nutliori/.iiig th. ir eaxiy rctnv
men- from cirruhition. Tho total exporta ?f
golri an.l aflTeg btillion during Iha -091
?aaennted t<> MO.417.479: the linporta i
$4L\-I7;:.:w>. Th.- raweaaja crora oaateans waa
9220,410,790 2">, an bargaaae ?>f 922.251,
054 ->:< '\<i tho pio.ooding y.-.ir. Tho roooipts
nndortlio It.t.-iii.l Hovon.te lawa wrre $14o,
523,273 72. Tho Bacratarj faroTt 11 n-.-fnl ra
fhairaaoi tho tariffin onlor that maaj artioloi
n.nv payiag a duty may be placadapoa tha
freo list- ?
THI lEPOaTT IN Fi'U.
Tiil IBOB1 Dbfahtmbbt; t
WaaBlBOToa, D.C., Dee, t. 1800- 5
6ut: 1 h.iNe theho.K.i to nhmH the foUow
IWeadli .from ali aooreea rer Iha flaoal
year oaatrd aTaaa 30. lSS'J. were : tmuu - ,? M
From nutnno .-. 146.497.685 48
Fi?m i.t ... raareaaa . V-vYhi'it
F,.? M ,? aokaauaala . fcta9.i49ai
Pron. 11. .ui cli. u:atlon aud depojlt* ot 2fa
H.P.Vt.794 45
tl.-ll*l I 111I4S .
yroi.i . . .? ftrWreat hy ra^-m. Pai'
' ?.r . ?! Btaa . Pto.r.'ts,
From I u. Bg ka for PaetttC IUiwuT COBI ^ ^ ^
Pri,,' . - tiii.-x. aaaiaBlaa, ata .. l.niaan M
Baamtaaa raanaUe Uataaag abMitaadawaU. ?I'-:'WI1"1
From uniaaia ot aaiee of Oerataaaaaa
propem. . -
Pi'-l iu ti-.-!?> aa*ata on c<>H>age. bulllon .Ie
po?iti.i.i.<ta5.H7i . r?,a?i?M
riniii larftaa trnearaade.. . -. a*1 ?>*"
Proin deioUts by ludivlduaia f..r sur -
p??l?U.-.U :.. "?"2!!
Ftvt.i i, . . i.h yj the DlMrlot ot < oluniMa. 1,716.1764,1
l/roiu mi- aBaaaaaaa aaorcei.??-_3.3SS.443 tt
Total or.iU.a.y r??lpta.tMM"
The oi.lin.n v ^ip.-nditurea for tba aama R?*H.al wm* :
Fer rtrll .'Xi.i-.-e. . ?^aoT'ABs 19
F, t ..ei .. i: lercearaa. p 7!tf, 747 10
fc L^on. ::::::r:::::::::::'r:^^ AUiwai
For th. mPlUrr a?f:?blN' m -i.t. Inrlwrttng ?.?,?. lfl
rt'.'i a'' ??horPiii.rovfiiii-iiT-iiiid twuhIi 4S....04'M1?
For t'n- n.l* \\ pstabilKhmrrt lorlndlaa .<???
BBUv in.. I toerj aiel lmpr..ypu.ei,t. at na.y ls ?.,._, 04 )M
fit m*?,eii'aii . \is iiMBaflltMraa. iae odlny
;.n Itc i.nildlDga, liKiu b. u*-? aaaeeUaat. ,...,???..,
' II ' ? ? ? ; ? . , , 14. -'' '
to . 1 BUdltureaoBaecoaBl of it.. DtaUWI al .oBaaan
1 a. utatiia? , --?. ti',',??- onii ra
For mifc '144.1 i.nltopui.lif u?l.t. jV^j
Totil jrd'aur* eippudlturoa.ggjg,Bai.4B9 87
faattna a 1 1 aaiataaaaaa .,. ? OIIMeajlO 71
VliliV wllh .11 rtin.mr.t iliawu fn.m tb. oaaB
l?i ..H^uiy of- . 10.73
Baakiag .?ea?-i.ao6M
? aTa. ..;? I ln tbe irdemotion
Ofti... .. a if. i-inkliifrhn.d. lfio.o. I
Dffiai . .1 , nriciu v 1... llie .ajttnc fia.d ,-'V'-' ;LI
OfU.'.-f larrBiawf. b?4?2S 2
ott-..e.i .iBufiwi . ,"1'1n;;' ?
Mlaaiiol 1H> . l.i'O'iH)
orti ? -??-'. s'JJSJS
ofHT, iv..,,ti.. ..fiH.-i. ? ;?'
O tlT, -w.'.tl-et l"0i. o-V-'V
Offei. t..ii . ul 6*. ,2a'fRl?
Ofeanix ? ? !-"?"? . J^'K'aIS'
O .. ,- . if IB67. ,iTi n!n
QfOiaaaatrardebt. v C7v..2:.uuo
Of oi.idemaod. ccrnpouiid tntera.t ind atli.r
doim. 'u ?" " "
TCt4i.?lee.BBi.soe ae
IheiBgaliaiBBBla ot tl.e atnklnx fund for the past
Baaaiyear. raeraaiagahalaaea of aioj?aa,87a47 froaa
tho preoeiilng year, bave b. en fullj met. lt is estiuiaicd
tb:?t tbe rc(|Uiieineiit for tbe preaenl fl.cal year will be
M4^4tS,BSfl 2"), of whlcta theta ha. been applte.l durlne
thr tii'- f?mr BBOBtha of the >?'ir. tlie .nra ..f
a 31.1 ?
?jj, reaecaaatobotbhaaaa eamfeefcwtaaoaae n ind-of
tbf Hi'in-;.f?i.i toaaeotthelawtal aeeala of lh. alaklBg
fuu.i. Hi.d tbeae pai.t for the redaetaui >'t puMte ieei by
iireit j.a> ui'iitanrt rcdeinptian thefeof. Toasy reparl
af laat year araa appaaaee a laole (Tafcl 1. al aO the
moio ya 1 ai i..r haaaaa for tha -u.'-in,.' fanal; an.l a ta!i;e
fTal" ?? I" ".. ii-R tha coudilli.c of that fuial from tne
aajaflaafagoftttaalay, lPOa, dowu Ie .Tnno ao, 18^1.
lt vw... Mated a. mv repartthat then waa 1 balaaca Ihra
due ti.e fund of *l'..:in.)>T:t 4". li baaheaa aald thal
thia *a'" i-'i-oiieona. Tbaretxni ?l bbj preilaeaaaor, Mr,
taaaeuiiy MorrtB, aaada ta ItTa, araa rettad apoa aa ao
aLi.wi.K HoaaM tbat thr teraaa ofta. alahnjg fund
act re.|iiiicl;b.it tl.e piib:iod.i.t ahoald boreflaoaflhy
the?; Me ?,l the li?eal >ear m I87fl By thr suni of
B43.J,-1*. :i.'i 07) tbat tae publlc .lebtbad, boareror,
been iMiur.-.l at ttint tiua-i.y tlie sur.i... 1036.903,304 14,
orov.r twe luiinircd aa.t tweaty-thrcomuileMaaara
BaBB theaoteraaa leajahreA Ba iMaataay, aardkl-he
meaii ti- f.<r. that tbe ndiiitioo le aiiaume.-d vraa
ncbit vt-.i iiirou,;h the aperatleoa ol thealuklagfaaa.
ajraau haaald,ahBaaeoBtto'aay, aaa tbat, ttteagb the
aaafetogfaaal ba4 aotbeaa fl ad aa the iraenat rontrm
i.)at? 1 bj tba aelaf Oeagnaa wbub provlaed for lt,
audii.ti.e :. tter of the law aad aei b u ohaerrod, yel
tbat. i.y ?' ar nr d.-?, ibe puoiic dabl bad beoa rodaead
bar aaeao lhaa tbe aaaaa waieb tOe atiiktna raad .-.ct e?n
teoij Utnl. ai.'! .0 tbe aplilt and lnt<>i,i -.f the law Bad
Baa 1. 1 m ai the fuitii of tbe .?<>'. uruaa >m wiib uk eredl
lataka-fMV, And mo. ahftar tda Itma, thongfe ihe ataklag
fund aaa ?" 1 ? ir..iiioi, tbe pabtte dabl i.m? beoa da
? ibj UK-ro tliau ft .Irl.i ailb. :tnv.' to tlieataktag
fund ar; .. uUI tiuve bionubt Bbont. Vi pi*-.:,. ?1
Mr.Beerwtary Baaaraaaa. repertadla 1877adegcteacyta
tbaaiiik.iii.'ui.d. t.'it a reductloii >.r aaibUe Babt Bear,
laaahoadiial aad twaaty oaa aauboaa Btara tban tbe
abahhag rang act. Htaaaltj earrted ?ut waaud hava
adbated
OaaapafedwMhtaajawelaaai taeal ... .r, ih. rcipt.
for is?-j bave ir. tbe faHowlag Iteaaa larraaaad
044.%7H,ii-1 i>!': In ruafoum ravenue. ? '.'V.'.! ,o*-4 j:t: ln
iiito.-.-. 4! reiwaae, m,t$$AMt$ 04; ta .ale.. ..f pnbllo
1. n.l-, ga\B31,277 2<?; lu illr.-o' tes,BI -..Ul -??; in tax
aa 11 aalattaa and d.-i>..5.'.^ at BattoaaJ Baaaa,
gaea\ar79 7S| raproteedaefaaloa of Qorenuaeal prop
ert>, t"iJ.T-.'i ^.); la r.-piyment af Ihtoreal by PaaMe
aadlwajy < ..inpanits, 910,700 67i ia eoaaalar teea, !
a?,;.'j'j -.'?.; in I iistom H.iuge feea, 17,590 ;i.">; ta cu.- |
boaaa rmnlumani taia.tlffrr.irtvfff- ra m .nm. n...i>ita! j
Iaa, if.'-.i. ?> bOi iu hattaa .rn-t famda, latareal ;ind pre j
uiiuni. 9ft,7f>a,aofl 89] k aapeaba bg ladtrMaala atr mi
aajjaagpalilla laaaa. tTH.lflf) 81; la raglaterar and r^ j
eelTei*' ft-e., ?949,999 ;t>; tu fw>, ea HNtera>pateat| :
glll TSS 73i mproBtaoi. 1011: ige, 9848,309 1J; and ln I
1UI iai*x;. ..."?."? OM.. " m ... . . ? w. ...\ l-i'Tiliil,
ycHi 11 930,343.083 M. a* foUowai lo ti ? Bara litnart
iMent, 9.'.l.i.J.'i 4(>; lu lntercel ou tbe pnnlic deot,
?11.4.U,...il .-.'. an 1 111 rlvil aud nuaeellaaeoua.
98.967.n33 51. Tbere '.va? ur. itii-teaa. of $17,til L'.534 2t,
M foUoWS. ];: ib? Wai I/cj.ai tna ir, BS 104,033 t'.l ; lur
a>* lUininn. 1 .. ? un ??aai i" |'.i'iuii 11 , >*?' ?'??,?'.'?? ti , .iii
ludinaa. 93,223,508 :n ; and lu ik-i-iI. aa.911.295,011 38;
paaaiug a nei decrena* lu tlie rxpeadlturea of
18.791,448 OU
riacai ixab 1093,
k.ii ibe pnajaal 11-as: j eai 1".- rareaaa, actaal ai.d ea
tltuaf^d, la aa foUOWB l
l ? ? < in rt.:. I. 1 tb n iii.iiu
? ,,' k'i -I'liiiiii lirs tl rer kjnur.
aaa :to. ihH'_'. 1 toraef tbayaaa
a. tmii. IfatlBaitad
From cas'ota^. .' ?*4'?'"'"-.'? 71 ai7aO!H.1949H
frouilnu-um. i.venu. . 37/,<n -. ; ..* 107.2419,19049
Fii'M ?*ie?.'i j ni. i. laada , 1,195.8.397 4,^u,j77o.)
PMa t?\ ..li . a, 1 I'leii ?U^
deiKMlt* ot >;.' iou?l b..u?i4i 4.49.'.4'.'|i 88 4,50747:; 01
From rej-uvi'icru of lut. ie.l|
aad ?i'.o.i .? fund, Parta. i
Kailwiv t tn.,,.<iiiM. 114,619.65 1,..38,58046
> li.ui ruati.m!. frca, flne. '
p?uall;e5. iti . 1 4'.".',140W9| 9111 '.
Pnaafaaa ?? -i.-.i. i.lattaroj
pateul in ?' '??>. I 8^L*,H|-'4'.i, 1,627.167 61
From aaaaaada H mIm or
(.oveuu'i:: 1 pioj..eity., n;.,ffliliJ fse.ooa ns
Fiiuu protit?'iM.-olu?ae, tU) ! l.lMo.l.il .0.1; 3,169,?ao tfl
Tbeaapeuditurca fortkt'Muiaperfod, actuBl and eat>
BBBUid, ire:
Objeet
r*or ttie onart^rFor tha remaln
eurted sei.tem
ber3iMHHJ
A.tual
lugthree-qu.'r
tei* of the year
KKtitnate.1.
aiatMTM ie tts
'_'.M:r.t.7Tv Hg 4,
aa.:i'j7.-u '.1
lt,l??l,0'J8C0
I
l
-..?.71.41UMS
1,41 MI
:..
scr. <*4
221 12
,5.'.4>
3X31H.071 31
,'.'2*
,084.
,-,08 17
117*)
7,'.H)il
For.'lvt! and mlarellstieon*
exuftiM* in.lu.iii>-' pu'.ll.'
lllllltllliliS ItlTlltlltlUIM^Iud
oelleeUag tba revenae.
For liuiiani.
|,, , IBrtOBI.. .
loi mtlltaiT e.t?t.'i?!.uiei)t.
lllil'l. t!l? t?ltlfl<'allllll?.
rtva. aad i.uriM.i naaaawa
iiint! - fcu-l m^riiHIi
Foi uTaleatabnabineBt, m
lim'.iua raaaaia hu.1 m?
11,mrv. and ImprqvimwiB.
at imvr viirtt* ?
Fnr m >?!iditarea on aee >.inl
.,i u i Watiiei "'' " ui'"" '
Fei iiii.-re-t sa tlin i'libll.
ii.iu .
Totat onitnarr aiaeadi>
luie. ?_? ? '
?r..".;.lr.-e.-?.|..a.!?MlB,..! eett.-hI.-I . - 84U.OO0 j^j gg
Toaaexpandlturaa. actaal aad ertlmatod. aaa.oou.toow
$120 ? 0
BaOaaal >.'. jiiiount gaa UM ? nk-ng funtl.
Laavtag a balancc of. . *..j.->, .,"4 ? I ?>
i im Al. VI AR IB84,
Tba arraaaeael tba aaeal year aadbag J .-? ? :". ' *??
cMitnatctl npon t be nm* al cxlating lawe, ?iii be:
,_ I6.no0.000
146,000 UO >
B.MXhOOO
? fi,' 00,000
f7 8.H4:i.34H |g|9318l9M.S51 M
Fron raatoma....
I'leiii Int.-nin. r*1. . .
Ki .ui leleaof DUbtlt aada- .. - - ?-??
From Mx oa rlrcalaU > laddepceuaelReuon
al tiRiikf. _. . ,
li-,'. ii-;,?vii,-ut 'i' lliti :?>>? iilid ?"'?
}>??< ui - Katlwav Uompanlei ? ?????-,.?
:,.? i, penalllaa. ete.. .
Fioin!..- roaanlai lett.npatentaadland*
K,,,iu proceedi el aeM al fJovenuBeel preav
r tn i iir'.Hii .ui rornege.'"' ...
PromueiMNdtofm wrveyluapnbile and*-- ...
.-\tii.itt. .i Hi. lu.titi i ol Colaa .ia
From Bnac?llane.>ue Mioieee.
-, 760.000
1 ioo.OoO
?_', 'IV. I'oO
t 000,000
4/JOo.OOO
- u ... on
6,870.000
Tetal w.tiuiRt.'i oidbMryreeerpM. t4lB.ooo.ouo
Tba eailiaatea of expeaahdrea for tbe aa - partod,
r .-. iv-.i tiom ttiK aevetel Bxeeathre DeparMaaaM, ara
a.-. followa:
LegMMOve . ftj
I ... ,111? . iK ?
Jtt, l.ial .
J-'oi. igii later-oiiiao . ,
Mlhtarveat"lil fcimi.nt?
Navaleel ibllahiuent.
Indlan Affaira.
PeaatoBi .
i'U.i.l- W.ilk*
LaalalaUve .
I reaiur. IX'tiurimeiit..
4i 8.;coiMi
1.S90 .' '? ? "
?;. R01.445 94
23 481.078 '?'
t
ioi ,578,ooooo
U hi :-.-|...i i:n. i.i
,\ \ V 1 . pl. II- -it .
?-tmenf.
Uepa tu,.ni t.t Agrlrallare
Dapertueol <>f Juattva
$.1 ."' IO ,
r..:ii7 ". o< o
4 7.I.I.IIH-- "1
3,855,5131 i
117.10.* i o
10,600 00
i,ooo ud
14.361,716 84
MteelhUMona . ^y&Soaoa
Dlitrbl "tf., imina, . .? i,a30,?F??B
Prriuaut Biauuua] ippropr'aHona
tniereaton ? ?? 55.877.410 ?
Blnking fund . Ift,07i|,a22 64
kainndlug .uai. lntaraai _
i. . Di.a, i.'i'i... ate ... 7.417.1111.0'
Coll ottna lereuue from cu?
Um. .r,,f,OO.t'IH,00
*"???' ?'--'?"?'?'.a,iai.aoaoo |1701MW8<
Tetal v-ti:..a:. .1 t-xpsn.li tuiea. Uio.uiili.p Muk- _,.,-??.,
lugfnod.? *'? W^ja
Or an i>Htlinnt^.l larptai <>f. 174,710,887 >H
Bxclodlng ibe linking IBad,tbe eatlmated expeadl
rarea wlll be g295.207.938 68,aaewlui aa i Kpaaded aar
ptaaof 9119.792,000 SS,
bbdi Btpiioa of trartTBO btatw bowso.
abjbii^ dateef laehMtaaOaal reperl M Oaagreaa tha
latereat-bearlBg d-bt whtoh tvh? redeemaMe at tbe
plengur- at the Gov< riiin-n! waa ai folli
Ait^t.f Jalyaad dagaat IBtl, eaattanad ut
tl.ire abil * li.ilf p-i > -nt. .
A,\ ?i \i , h '-. 1888 ,-. uiiiui 1 ?t llii'. .. . ..
lnilt p.-i f-iit.
Flve pei -. ut roadafl k*an, aeatlnaea at three
aud h t.aif pet c-ui.
8113,920,810
47,948,700
401,504,800
Tota'. 9588.880,880
? iBeladlag 9l9.08tv990 wbleb ua.i beea eaWad, batwbfci
t.a.' nut ii,<in luauiKMi.
tn iii-ai.ove beadatberebarebeea radaatnaddariag
tae year i ad. d OetoberSl. IBBSftbe falBraiag:
I ?;i;i al .5 lll V lUltl AlIi'U?t. l^'H, lOI.till-Kl lit
thi.-.-an-i rtii-if [.arcent .. .8110,822.800
I-.i.i. .1 M .ii-;. il. 1808, ronUnnad ut il-n u tml ?
li., i p?" .ciit. 80
F|\|. pti leet rnr>'1?'l ;?.?.'. . B.7O0
Tolul. 8144.610.
KX.'IIAM.I. <'K lUlit.f AND A BALP PBB < K.V1 U?B
TIMI.i) luiND l.MO lllt ll I'i it ( I M BONOO.
On .im i. 1898, taa Intereat-beartngdebl waieb waa
r. .1... ui.ii.:.' nt th- pleaaaraof tbeGoTenaBeat.exelaarra
of $11,137.0 .0 thre- otui u ha!f pereei I eontinoed boada
.,f tii- loaa of .iiiiv aad aagaat, 1801, wbleb bad beea
-.liit-ti, ui...i whloh b. -.uu.. tlui on tbal day. waa aa fol?
lowa :
Ait of Mar. h :t. lfinJ, eonilnnwl a? ttue- aad a
baliperoenl . *17,>i2O,10O
Flw-iitrci'iit fun.ied loan of 18bl, at thiw BBd
.. lii't i-i eeal. *01.5(
Total. 9449^84,090
laoladfji in tho ahove i?ero 910.000,000MboadBad
tba act. of Ifareb 8, isfi.s, wbleb bad beea
ealled to matnro Aitgudt 1, IBS'2. and tb?
uiiiount of bondi aviiiiiibio for axobaage.aa eoaten
piatadlaleglatatlootben pendlag, waa n.i.i furtberre
dsead by ibeeall laaBedJult 10, 1882, for$16,000,000,
to tu.itui- Bepteuuer IH, ! 882.
Br tb< ??!''? i''...-'- ou ol tba aot appron IJnlyl2,
19K2, entitled " An aet to enable ualtonal banklng ai 0
otailuua i" axtead tbeir oorporate exlat.^iee, and tor
otber pnrpoaea," tbe beeretarr waa anthorlzed t<> n
,-,? ? al tbe rreaaurjr bonda ol tba ITulted Htataa bcar
lu i three aud a U i pei 11 ut latereat. m"<i loiameln
ug.i tnoivfur regtaiered boodaot tb, l.'nltod
brnrlug uteieat at th* rateol ii.r? per eent per a u
.-.ida wert tobi retleemabfe ut tbeplcaanreol
tho Uctted Htatee, after all bonda beortug a nlgber rate
of lutoreat, aad wbicb were tbaa redecmable, bad beea
re.'.-. ni. .1 or ealled. Tbere la alao tbe Itnportaul pro
m , tbal I ? aat ol tbe bonda laaiied nuOer be act,
and tbe aubatitutea for i.-u, lUoiild ... -.-ni-t ealled
fi.,? ji . ninii. ...mi .ii.ti tbiaorderoi pa tu ut abouldbe
foilowad uutil all abuuld bave been uai.L rber-bj tba
bati.li Brai laaued, aad tbe lubatltatei for lliein tnade on
tiu Hi-igiiuieut aiul irnui ero. th. u,,i.,' - uiade more da
cii.,1'.-, aabkelj toitareabutgar Hme lo r,m. Tblagara
naa io ibe qnefy bow ibe or-ier of lianc <.r tbe " Ibreea"
M'bebokiera ui the "tu-> and-a-halfa" ibeuldbede
te.iinint-ii. A aietbod waadeTlaed by tbe Departmenl
wbici gare tbe preoadence ie dilbTeuoa ln offei ol aur
randeroftbr tbret-anu-a-balfti; aml wbleb deternuued
bylot,L'.vini;tho aaan obanee ofprtoilti t- idbarlug
pan iu It. wuo of ihe aqnally dlllgeot aaonld bare tbe
Hrat priTllege In i.-huc. li l? beUered tbal jiimiee w??
done to .ip. Tbe proTMloa thal tbeaubatttuted bondi
abould bave tbe fiuiu*' raab witb Hie orlgiuaJa ln tbo
order to ral foi payinent, waa at Brat th.Night to pre
,.,,i- tbe boulenroiu h dtvlaiun of onc bood ot larger
u uuuilnatbHi iutii t-o oi io. ra bonda ot amallei da
nouitual uj). To bave uiaiutuiurd tbl* woulu uave iu
eoBTanteueed tbe tiamfer aud dlrlaloa of aecarltlaa
amot'gaererhl a 'Li bitereated iu a la g? boad. Bai
aa ll *ea laipracUeaubi to dlvido oue b.iiui Into twa m
ui ie aad ?.':%-? tbe latter the aninhat of tiit former, aud
ao preaervetbe ibrlit to be delerred ln eatla r..r p-.. ment
il n?k urt u tl-l.-riii.i.eo to .vi-I'i to a Wt*b for a OivIhIoi)
upou tbe im mr walviog tbet rlgat ba axpreaa tcnea la
the in-ti uuient ol it-ii.ri.iii-ni. i UM puta upoa the R. i i
lar'a OOJea more labor aud tbe greater rxurebteof oare,
lillt, l.elli^ a -..IlM-u -1 '?<? to tbe i.olUi-i- ... Uu- lioi.tl. tliev
v,!ii i... i i-i rfi Uj uiidertekeu.
on t oduy Joliowlng iu? approval of tbaael tbe Bto
retan Imiu-UaoJrenlar announoing th- roadlucaa..; tue
iii-p.riii.t ni io iii.-rt tu- exouaaee tbui i>i <>\ i J ,i
<t,i?; Auguil l, lio'J. bcinn nained u^ tha date
iiiinu wlneii iaid pxchange wuuid liegl... I'uil-r ibe pro
vi- loi." " Ibeacl ti.;- exohaugea <?. i ?<? Ha poc ??< ni -on
tiu u ?. !- uo - ii-i -iii ou tae date uaiued audeoutiu.i
uu ? ? i. ' -t-o. ip.m wbicb date t..-.v wer. teaipo
liiiuv auHpended,in order t.. Miio.v tbe nreparatiouof
iii. m bedulea aud obeoka for therilvldi nd dneXoveuiUei
i ,,u ,,..- .'{'-.. pa ?i.t boada wbleb fiad nol beeu -i
ebaaged, a^ well us upoa tiie aew ?') i'-r eent boada wlnch
Imu Beea i?iueu.
Frou Ibe ... gbtniur of the exebaagi x ualll Ibe anipen
? uni ;.'-j ?,.-;?-. a. oontinued bonda wera racelved torex
- auge tutt II per oeut bouda aa followa;
A-t of Miu-i M :i 1898 eBBttnaad at 8>apei eeal 818.2 ' BM
rivt'-r .eui tiiu.l6.ll.miii'. ln.*l. i-oiitliiue.l ut
g^peCOBBl.0. -I'il' 'V ? .0
|.,t.t! .*".':.'.'
and 8 pea-eenl i.onJi werednlj laaoed tl eref, r.
.iu nii-i.'si on ? tn--uni ii.i.-i-. .i boada aaa ibuated lo
luguit 1,1882, and tha 3 per eeal bond iaaue.1 In ex
obange therefm earrled Intereel from tbal d
The exi bangea were reaaiBed Noreinb.'r '.. aini <? wi eb
tlBiether. aare beeu i-.-.iv-,i 921.024.25o n 3>a per
(, nt , i.i.iinu. .1 bi.iuU. for -.vuic i a l.k<< amoBBt ofJ pai
e. i.t boada bave b, eu i ^m d. ni.ik.ii^ u i-tal leeae ta Ib
eeini.t r 1 1882, oi 9280 3P4 760.
i ii- r.-ii'i.'!:. 'i in iue aouual iinereHt charge by raaaoa
,r it,. wri, baugiaia 91.401,973 75.
Tn. DepartmeBi kuewa ao reaeon why li ihouldnoi
ewBtlnue to i.tf-m every faeUliy loi theae exohaugea ao
leaur aa 8m per eant bonda reaaalfl outatandbig .iml uu
ualied.
i in- .uu.win,; t.itiit i>iiow? tba ebangea In ;i.<- ii.t. n Bt?
bearleg deut .luimi. tu. jreart
. a
Amonnl tteili-ruie l ! \. I .-!,?->?,I m |
joaiitaodTa duiMg.hr lateaper ing >uv. 1,
' .. 1,1881 ,,ai . nt bondi i i??i.
J u l J a ii.t
A ll K itlVI
I99i, ,..ii
tlllltol ul
3^p--i 11 $li.::..i.:.-u ? ..
M it i , !i .i.i ;
.*;;;.. :n;.'.o
101: M86u ; ,.
Of tbe uuuiIh abov. ut dowi an uutatanding, tboaa -ni
^l?ael .1 ia Uf Jt>i.i.H al Jui} aad Auguat, 1801, aud Mar n
8,1808, anouBilag to 97.148,29ft ai. ? uii,.:, ;i-?i have
oaaaed to b ti latereal . inuk uk a t?.t.?i ol boada ra
devuied duriug tbe year erwblaabava eaaiad m baar
n,'-? ot |] 18,894.100.
CBila mi iiiiw out f.n eontinoed bonda of ttm r> nrr
eeal faadad taaa auiountlui; t,. B8A.000.000 aad taa
bouda win eaaai io arar latereat dariag tae Moatatei
l>e-? iiriei-, len'J, t.i.ii JuMimi and Febraai >. 1898.
The irductlou in ttie aniiiiiii um real cbarga by reaeon
of IBeet cliaiii;e? to Novimbir 1, 1?W", )t aa followa :
Ou boti.il> rid-rinedor lnfei<-ilcea?iil.85,202-888 60
Ou tMii.ilHHcii?iig?.l into .( pai cai.t hutida. LsH8v8S8tO
Total .... ?.;.?'.it? 7-40 <aj
bedaet lor li,ui. ^i on 4 p.-i eent OoixU D.iue.1,
*c.
'.".'2 00
>(t reriuction....80,490.9*498
MAMlAllI' bll.Vl.lt l.'ii 1 Alli AM> 6ILVI.lt . I RIIH
cai y.ti.
Xbera bu<t beeiicolnad, ou Norvmbai 1, ISn'J, un
dei tho a<i <.f rebiuat/ VU, lts7a, of itux.d.ir.1
wl?et dollari.tl28,3,.'0.888
ThereVeir lu the Trraaury at I at ,late. n-"V"!_?4
?11 siki 7-ti
Ana ln ilrciilatlon ?????-.. ,, "
Tlieie nea II. - I' > BBBBBB BaWaaBBai 1. Ul 1. ,(,(H^(MK,
about._1
. #i. h . 8
taaaaaue _ .
ThalBwaaiakft Btreulattea <>f Mi.n.tard atu
lankdwaenHerecnberl, 1991. aad g-rraaahar 1,
waa lra.tl.nn a Btfltl.Bd a hulr of dollara. . be
amoiinireiii. .i.iui tn; tha aaaaa tnae araa937.779,070
me aopptj in tha aggregete, aad faialahad yaarly, ia
liuicii uoir- tban ti.- daaaaad.
OftneaboTeauoaml held bj tha Treeaury Kov.
i 1899 tbeae wara ba Ihe a^a-Treaaaiy ad gew-Yorl
?taaal 919.009/100, aad I IBOTanlta ef tl I
,.,??:-:,.. i.-.a-:-". ..'. ? ;:;".,?' ' ?
,.? -71.1a' ..I IU.:
ue.'irH 941,000,000 Iii Bu i I rancl i-o. I
enamlattoa'at H.'ran.
ver dollara l*oi i a. aa luoucj Ua re i- II .
?, , . Becaniulati.bere la tbl. ; in- niluta
hl. a ie iik. moantalna conld not do the noeJen
eoUi'ge <>t C...I. 'i.i eein Blao the mluti oro
aniount of allrar doUara reqalred by tbailaw. Afi*
tbe.Hver dollara b a been coi waanol
,.,.,.,! .,.,:?. Ini.l rti ''"""
^ll.rfed 0.1 Ifortl ?
. rr.age i- areal, uev ? raa tban 1 p rn I
ti.ai.i .. vo.lteon ?!.!-?... lenlentlj tai ?< ><
,'.,-. .,,..,,? whal la hereJud ?" J?
ef tbe ulnta .. ,i?"
Sub ii -.. Ul , .-a Not ? ml i i I.. i' it 930, 11.3d
n,V:
Biaaoanleilvc-rdo
ri.. ... .
,..? ..-, wuei -i - rreaa I* p " outwlll 9no
,., ?.. ,. ,..,, .. ???.-' ra <? room Ibi I
Ano li i waaou roi ' ? - ?" rTanelacla,
that ull the buiUoiilortbi irtnage re.pili. . 0)
laweould n.-t be 'oujrbi ou tbU ? deof lue nioi.utaiua -
t ie li , . ' '? ''' !!' '' I
tuufhi on in. I'at-lllc ?? - - "
wuuld .,?.; -o n.ucli ta brtng I
.?..a i :.? ? " A- . .
Tii".i, oui
l |*H1 a i- a i U ?' ti.. "?' ' ' ' wnonnl o i ?
aiauuing >.'?? ui... i- i. Ie - - ?
Ti. 1.111. J ' ' ? -'"ll:"
coliied durlug tb? year euded Sovomoer i. i ?--. u.e
amoniil i.f-av. r lertitJca -
dur.ug tbe aame tluie. Jndglug iron lerleoee.
We aV-i-.l DU *->.'??! an lucre i-.-'l '.. nia.al lol ?
"l"a*mach aa bj reeeat bsglalattoa Ibe aewtary_to re
nulredtoiwniegold certlflcatea, i; la lo be lookrdlo
1'iiit tlu-n, . ( oi-.in- iiivercertiaaalea will >>.? m a i. t
;.";.,,,.,!,,,-. IbyaoMe. ...-- ..Ill-laiU'l-ii.-eiu.
uiabed ln conareulenl deuomlnaUonai huu Itlajiialtn
:?...]..,-.? thai .. certll.payable .n a ooi i wonb ont ?8
I .r..n: '.i it- noiulnai ralaii alll bediaptaoad nj oaa
worlu ttllll tl ? ii.ia.l.ial vniji...
i. tbe iaa ralu lial tue coatlaaod cnlnage of elleei
dollara la not now reipUred oi i ? nlou of t.i.-.u,or ra
ti t.a-l.. n.r tn. laaue ... aaeu eeniBcan ,an i thai ta pol
.... rn. en laraail wasuieant to increa ?
tbe t'lne oi allver, Uaa nol b. ? d ? iccoaaftu I
Aavaeata wlm ibe n ?? ?? ol beaci rcqulr
loa tbe Uau. a tUvei oei I tl. a ? ? . i iai u lu. ui r- ?
W?foi euatoBiaauu al publicdu - .. aa , ..i ol l i
Ie, ,,i i ., .: , ,:,...? iiiuara of the ativ.-r
il,,H:,i ?. ?i-iii-i.i in .; ?: th. gol.l i-"l ?
Tue oi leettuni ibi ?? m ? U toti ? rnaueof altTjr <-. rtlfl
eai.i viz . tlT.. ia.-. '"in an inexpeilleni aoditton to Ibe
papercurrem re i i n gal ieu ier for
tue i.i i )..,-? s .:..a >>i foi ni.'i-e nn i lla.tr ieai value; luai
- uo i.roiuiaeon tne pari ol the <??.'- i i
, ,,v ib, ' ?. botween tbeir ac ual ind no i Ina
a.ai ii e puib.itraaam. nta i bwb ai * lio o iua
v , .nulii M ara ataiidarda of raloe, atUl
hma tueli fotee, ,/_..,
ibe .? i- luai noa ? aeenitnglj .. - ' ? ? ?? ? aad f?r all
v.-i iiollar.. Itlaoiilyei.ing. Tuepnicaanlatbla:
i., ,i,.pii-it.'.i ia >e.\ V .-.I.-. i ?or tuat, bj an
,,,,.,,t mr?i oilaraarotaken from Iha mlui ut New
Orieuna. I'uei ? e nel pai Into eiroulatiou. ruay aro
dipnaliedai ui iu iheHub-Trea*nr, tuere, and ail?er
ceriitloatei taleu lo oieet Immediutepre amg neefl n.r
onrre.cy Aa??ldecnlBeaieaareaow golng IntoDu.i
iii-H. i.ii.oi" uf .v.--.-<ni- ..a-, iaa pruoeaa abuva KiH.eil
will probably oeaae, aa 1 lanol looBed foi thal b.iv.t
cii'.ll, :.:.m ? 111 be WlUgbl l IIUI r tli Hl Ihe gold eer iH
ri?. ibatpi ceaa koepa tue aUver dollara oal ul Iua
iie.iMi.-y n.i. ^ abort .iei. ,i ?' a io. p.n Uiem n.io
feui ral i ....
! , uii,' i -. ?,. - -; o ? i of tbla aubjeet to my
reportof laat jear, audrr-pt : m. recomnie..datlon that
lue i.-ovinon tur lue eela I e ol' il BX6J BUI.I l?l
?l.'l.il.c.l - a\. ' I . :i-. ua ae li'li ae 1 I" ale.l BUd 1 ne
j'.j..iiime n in-iiii-n.-r./. i to eutn ouly ao aiaeh aa wm
i?- ne e?a iry to aupplj tue deiuaad.
lue reeouiii.eiiii uioii la renowed tor iberepeal >'f tne
n.i rouutnug tbe i4,.-.n >ol tUver eeitlttoatea. ai.u lor a I ia
Butnurulngaiaaiaareafortaeir <a:.y re.lreuuint freaa
.-iiiiii.i
ia ? ii,-, ia itlonal Monetary Confereaee met ln Apr.l
laat. oa tne A.y io wbieb ll bad a>iJonrued, ami au
i.nii ii'ii agmu alne aie, It la aot naaoratood tbat n e4
teetedanj luiiHirtant practieal reeolt
OOLD cKitiu ;< a. i -i.
f'mi.u tha ael 11 the Iai i n aakan ol I oagreeagold .-<-r
Uflcatea bare beea prepared aad b..\e b -. n umied, aala
in... ii iii * li',* tabte :
,. , , ... . .? O.'II re.tlfl.Mten
DeuomlnaUona * laan?i
??? ?. 8a.8zo.igNj 8g.944i.oia)
ftp. ... . .-.,l>Hi.o,Ml 2.9O0.000
,,?., . '. -in 8.000.00 i
,-,i ih . lO.UUO.OOO 6,o6... 00
I diMi. ' . II ou 4.800,.
(..,.?.? . 9u.0OU.0O0 4,.'.00.o0)
lu.Oooi. 80,000,000 lo.oou.ooo
ToU *.. 1 . 290.000
COBTXaaiOM 09 UIUXIiIm: 0EB1V10ATB9,
At ihe u ita of tiip Ust, aeport refaudlag oaniaaataa i*
mc.i 11n.it t the ael of Febraary 20, l^."'.', reaaalaad aau>
atuiiJiiig to tbe ain.-.i I .a 589,050,
Tlure ln'.e ... n preaeoted dartag tha year n?- <-on
veraloi ? i ceal bonda, c i I al iBin<
to |174?4300,1. aviagatill aueouTerted 842 1,750.
In the utagnaga ol the not, taaae i n ttdi atea are " eon
...i tluue. wltb aeeared uueraat, into tno 4
per oent boada deacrlbed In tbeRefondlBg aet" Prlor
toMajr 1,1883, It bad been tbe praeilce oftbeDcpart
nien toeonrert the prtaelpal on!. of th< earilBeatea
ti.i., i p'-r .a iit iii ia'-.. paylt % i ia Inl i il ac< raed oa iao
?.. < i i i.r rnl uiiiu-y.
4 hoHlrr of refiindlng c rtlflcatea barlng made ade
aiand apoa ia* i>> partmenl io Bave ihe intereal aeerued
ou h, -1. rtiflcati -. sa wi Uaa iaa prtaelpal thereof, <-on
v.-rii I into 4 peroent boiula, tbe quaatlouwaa referred
to lue Departuteoi of Jaatlee for exaaalnation. lu tne
? ... ii,?? Atioruey-Oeueral whlcu 4v;ib huniaued
tbla l)epn."ia ? m, the elalm thaa m de wai held to be
iu -liii.-ii ??> tbe ai-.-i.iire of tbe a t, ana on eenTeraiona
.-gii'i.-d amee Moj l. i pe- c< nt bayida havi been laaued
in i,r lafaetlou ol ib? lu.ere i a/ierued on tbe aertifloeiea,
ln lieu ?f tba payaieBl ot lawfnl moneT, In a.l oaaea
v. bere anch lntere?i amoaated i<> a h-.m tuflleient to rn
..i.n r ie . ii .nd.
(JptoNovi iui. r 1,1883,95,500 Ind per eeal bonda
h:.\i ui . :i u< I ' U ' ai5 manu- i, iniihint- itu in.i.a-. io
-. eptoftbt araonni a* anch bonda lutataudiag,
bnt i...i laoreaaln rtue tetel d iht
civriMKli rBC8T-FVXn BOXDB.
It waa atai d la the laat report i.ni.i .1,350 la boada
of tbe 5 per eeal fanded lnuu. bekl bj tb Becretaryof
.]. i eaanry aa a part of the ainklui fnud for ibe Paclfla
BalbToada, bad been eontlancd at 84 per i at,
aad thal |52, 00 la bonda of the i ime loaa, held In iraal
for tbe Bonth Carollaa aebool-fuad, aad abe been e..a
Uiiii.it in prefrrenee to allowlac the boada to be re
.1. em. a Hinl laeeattagthc ar?e eda ta otber bonda.
Por tbe aame reaaoa the 34 p r renttionda bare nnw
becaexehati ed iau> 3 per eeat boada of tbe ael ofJniy
l?, 1---J.
( (ilN>. A -Ii I nl .
Ti.ei.-ii i ... i .. I'tie.i.ii' i.r ii.. giotglrea,ln aetall,
tli" traaaeotlona ol Ibe nabit aad t dnnag tba
year. togothei Itfa alatlattea aad iBqulrlea Into the
flaancial eou.litloii of oni ownand forelgu eonatrka.
Tbe Inpurta ol for. i^'1 geld i ol d tod bnlUnn were doi
n.r ti..- praviouayoar 907,500,000, Unrlngtha laat Ba. al
\..;.i tbe eaceaa ol la. o?ei exporta waa aboat
9l,790'0O0.
Tberu were diirioa bi I ? ??? j arend. I June30,1882,
ut e\porl"
fa'.i iai.,i..ii . .ai.eon.tM
. ..i.i r..u. An ei an. '-"?' o : m
....li ? . lu. ii.'.ii i. ... ??? .1.18
i ?? -.?- - -
KUvi i Bulllon .811.7 10
hlivci .' la. Auielleaa. 4
b.. ? . .o.n, loli ij[li ........ 4.|
i ? .r.l6.H29.69t)
ToUigeM aad allvac . .S1w.11v.474i
1 ll* e iNtli lllipertH of
c.'.i i.iiiiicn . ao,4nn.nr>3
1... .1 ...iu Mu. 1 4,1. 4 7itii.mo
1.?-. .1 -.in !.?:. 14,11 . 20,174,371
. 54,377 054
Blln 1 bulllon . J.'.r.'i.7a.i
II .1 ? . ..pi. ai.i rl.an ... 040 -77
- .r ,1,1 torrlao 1 . G.i ?
4"U.. \.
T <u: niijiei -. ?< a kllr.r.11-.M7'.', 4'Mi
Tli.-i" waadepualtcdal Ibe mlnta aad aaaay ofBeea
i,.;,7 ..;.053 of gold, whleb waa 974,000.000 leaa tuuu
ti..- p.... .Ir.'.-;.. .... UreaaaeeftaedeoieaMu ln the iiu
pn ta.
The aolnage at tn mtata <i utagtba laeal year waa i
OaM .*>'!?,41J1.4I7 60
BUluUrd .llvel ..... a - ... . . ::7', ,'. ir; , mi
Fractiuaal alltei .o:na. U,:...t7,
Mli,..i ua:- . . 644,7J7 75
Total .11 ->ti ??? aa
Tlu ooluaare of geld waaaeari] 811.ooo.ooo mi. %^tn
that of aay preTteoa year la tha biatoryol tba ninta
Abiiui oae-bal Al tin.wna ln riiti.'H, uuetnird Ia balf
.iai ibe real lu donble i-u lee,
I ;,e j.iiirii.tt-. ..r Mlvi-r for eolnii/e dailnc ihe y.ar wai
2:i,GU7,-,j!?:.7 ouneea of ataadard atlrar, ai * n??t uf
9^4,136,042 StO, an BTeragc of fl 03 ia u. 1 .. moe atand
unl. The areraga Loadon i"l<e f..: MiTer aaa ."l 1:1 ifj
I I'liee |. 1 (.11111 .?. 1 laitn-h atandard t:.ai..-?>.. eqaivalenl
to f 1 03 30|i r oUBoe t'uit.il Btatraatandard, aad the
arerage Noa \uri peka aal $1 01 4in pet onaoa
auuiflard.
J> 11111,4E tha y. ui- u'liont i-'.".i,<MMi of Duuebed and
niuiiiated allver ciu. were parehaaed aadaudtedfar
recoiuage.
Tneelirer eolnagaronauUed ?.f 927,,72.075 |n .tnnd
ard lollara aad 911^113 75 la tracttiiaal ootu.a total
ot B37,798,H88 75.
Tur progta on tlie rtlrer rolnnee aaaoaal to
93,440,89715,01 Whlrb -.1.1 i-.-'-'!? ll ?ere frmu ihe
eoluage of tbe dollar antl t-'..?? ?/' .4 froaa freetlnnal eadn.
a/aea n.e laaaclal rvpori ol tbla aepartaaeat aaa
Bjade laat year pabtle qaeriea ren itarted whetaer tba
proBta ou (oujuj/e 44. ie ti uly given. To .-;.hm} nn neif
aad pleaae ? proper onblle acnillny.1 called a nttlng
ottieiai peraoa ii..m lh' a-m-iuii Treaaurer'a oBJcn ai
gaw-Yorb,a drnargedblm with a tieiro'i^a invcaiijfa
tiou or tba iiiaii.i. wj.ut be iiii 1 appearalnhbirepori
appended bereto. I thluk 11 la eoatpleie aad aatlafae
i.5v, aud parta aal reataaFdeubt thal me anraaialehdra
been ,ti 1 iu ni-1> ?,r|,t i.n.i traly iwported,
Darlag tb y.-ar ibe auata utatributrd 15,747,498
atainlaiu .ilv.-r .loli.ii.i.leiivliic lu iai Ir vanua :i.~>,:n.,.,, j
froiu the fttrlaagTi <>f tbla and fitruiei ) .
of tha iniiio. or Im.r nn tal eoiiia 40,865,725 uiei a
wereatruck.ln value 8644,707 75. of tht* 4,tOo,77&
BiawMti vni.ni 9390,038 75, ame 6-eaal ab*el eetaa.
lor wbicb tbe dewaad >? uu - rturlag tba year. ihe
rr-l o: '.! V..' I prl-ielpilllv of I "''ll! pi' - ,. ,
H -l.t,. tl.Itiaxe, *H7.5O5,120 wartb Bt c<>:d nnd
??:*>:? Mirtbofallv.-r . ieniadaIntobara
i o : , i, -..I,. i i u,i.!, r tba aet of M I ' - '
ti, ti oo iii Ine gold bara H? f.?r axpe
j -I, uu.'. ii for gold - -ii al bi Bew-Yori taaa) OBwe,
tl.ua ui !'.? tl. exptuae ..r ooloage.
?ilr.1,11V ou .lulr 1. I 81, U
,->.. ated. ma ith ??' eolt aga um l laipi ria
of t oi , t< '
Uul- ? .. 8IH8
.
.-..
30 I. of Jana laat, b ?? ige aad
?
t'ni .'i - ? in . ?
i i .: .
Tetal . *.
'i iv i- - iu, iv.it bjn ' ''?
Ing tbe im-xt ., .-'.:. i ... ? t : .: 4.851 I
.
! i 10,420 ni gold i ?-'? ?<'-?
?, ,:, ?,', ,-. k M. i ,: ? -t
'
tii' ?' ? ' : ? 'lu.
i n ?.; .on
?,i , . ?
l itlto.i U eaal -?. loi. I'.n.
i - . .
TIU '? i ii'.N M. BAXgB.
Tli-i.tv.'i: - oi'tii-\ itiou.ii banka during tbe rurrcnl
i -I'.-i fnllj lu tlie I. |ioii ol tbe < ..11
ii, ,i, t ol tbnl .1. '-ii, ? i'i.-u i ? -. lll .-ii ii ii-'-in. It
givi ? .ii ii- itiartol
, .H-li j ? tbe Satlouul banli lyatoin \ < ut into
? u, log.thcr withatatlalt .1 inforui tiou for'a
il \. ui . tlnr- n ii,.in oltl.
ofprlvate biipkrra, i.vlng bauka, and .klu
ulutlou - or tai -.- .! nu rfctul. I
Tbe nuoibcr -i Val ?nal Imn
li 171, v in-i. ;,, tbe greiib -i m u '?- f on
,ii,n' tin.l ) -i itl.ee I - 7 _'
..,.. i il. i- .', ? ?. iitol tliutl al
i ni... ni- io- iteil ini 11 i llory
,,i ii,, | ii, ui. Tbe i. t'lfi- iiade i- lue.ni ? ? tnul uu
OetuiN i ii ?? Ibepi M-nl BI tiu
- ' ?
.!. p.,-11-, ai.iaj. 17 ?? - ,
i ?'
-
.ip il, ur .v uiil.l It . ,i i " "ii liuil
Im . ii bil.cn bj tli, ,, ...'..rt.:.i,l lei -. i
,-t..-!.!..>I.i.-r- oi tlii.i f. ot tbem, nblefa bave boen
piin-.-.l in . oiuiii.-ii k llouidufl. v. i bn'-e
, \p.;,,l Ii lliultullon, bav, orgiuiiz-.l new luuiha In Ihn
Miue locii , lea. 'I in ? - ' '. -..:?.. - i.ave
extcude.1 Ibelr exlati iu im l-r tlie u na il
if -i.ii, ,,. < ,,n 'i- - ri al i" ' ? lo lb<
pnii.iiiti-i i.-.1.
;,, ? . 'iu,-- ??: 'ui . ntber banl
I.. i. -? ,11 <>t the i
nu>ii iiotieu ol uu lufi ii'i'.u lo -?- :. uu cxleude.1 p- riod
0l -M-t.ii . imder 1 i il ;. I.
Tbe :. ,. ?!. ul... i< il- tbi
r-ii.-y In ti.nntrj. ninl t.'? ? ln tlie
Trcuaurj. lu tl,- -? (bo p. opi>.
.- !? itimi. 'I- t- 'i...* ... I . l-.;i
I In-i-- h M i- i, in ui, ,. .i ? ill gu 1 eoiu ol -J I,. I...1.I .;
iu nUver -olit <>i * l <>:..7 ,<>,..::?_?. nii.l tn Nntloi
not, i ..i - ,-.i...;.<.,.(: ni... -i .i'i!.-.
,| ll,. N,ill,,i,:,l '':,
itea.lll) ii -iea ? .1 for i m ilea uf yeara. 1
: ,,-.) for tiu ii ?
u iii ,i11.-I iii. ii rirculutli
year tbe amount o' tho-- nol - for whieb ti.
are Uable, bt tbe iuui or 95, l~*< - il.
liuil tn R80XE COBIBACTIOS \'-u ? tlfl
Itl MEI>IBf>.
The N'.-.ti .uni banka bobl 9220,000,000 ol t nlted
Btateaboada wbiehan payable al tbepl r ureofthe
Qoverameat Tbla lanioretben one-balf of tbi wbole
auioiitit outatandlng ol tbla elaaeol bonda. n Ibi
debtiato bepaidaa reptdlyaall baa becn of Inte, It li
Ukelythal all of tbeaa bonda alll bepald.1 irlng tbe n-\t
three yeara. Wbenever tbej are . ille.1 i-u puyracnt,
tn. baak - I,.' im ,- tli io. ilatlon of
tbeb eotee, muat alther depoall lawful monoi tn tho
rn.i-T.-. amoontlBg In the aggregatc to al ? ?
?000,000,000, or iMirchaeo nnd rteiwall tl,-'- ntlier
iii.i-il i-int. - bonda. [be rheapeatol th.-- huud* an
ni 1, litgh pi< iiiu'ii in tbe iii.-irk-i.
n 1- --liniiti-.i thal Ihu pi.ili from tli- ilep
th.NM! I.l? iuui the takuig and i- njng in- ? ii -,
untea tui m.-li-tl thereon, a Ueu Ihe lawfut rnto of I -
1- .1-111_-1, ;,- ii p-r I'.-ut. Ih not more iliHii thni littba ul
ou- p-t I. nt II Jaauppoaed thal tbu U not euoiigh to
liuil tii- banka to bnjr tbem largely, for ihejiuriio m
-t 1 iinn- t heubUloa.
li tit- re not rvaaon for foretl.L'lit wbetber, ).ifii ilil.-i
ruaatucnt, tbe bank ctrcuUUon wlll nol
liii^-i i\ u'li. .111" to trouhlc tbe buaineaa ooiumuu Ij ;
Wliii.ir- Itlggcated Ol r-l- -t : l:n. -1I1..',:
ti.i-ti'ti'i ul.'Iroubttlon nue, a reuuctlouor ab
1.1 tbe lax 011 ? -i ?>-ulii'iou . iiuoili.-i-. ,1,1 in-i-i.11 tba
rate of li?ne to IK) per eont of l ba < urr. ul mui kel \; 'u.
ni tbe bouda; anolher, lual tba four and lour aud 1
imit p ?? tiida 1.1 refnnded Into three pereenta
upon lerma aatiHfBclory b/i t;,.- boldera,tbaa urlngiug
Into murkel ? nlaaa -t 1 tu-ir. ourebaauble ata lower
rate; and auotber, tbal the treaaury Uepartau it la
empowered lo t..k-, :i* ab.iaiaof oireulation, tbe tbrcc
kim\ Bvea ol tbe lu rtricl ol ' Oln
Tba t o',tioii-r ajtrea itatlaticaoi thetaxatlonof ihe
Bational bauka, and again recouunenda a repealoftbe
tnx upon rapltal and depoalts ln a hich recomm. udutlon
tn-.ii-. r-ti.rv rouoara. rBecapital biveated ln Mallonal
lianka in 9402.S41.001. Tbe texea aaaemiid npou tbem by
tbe Unlted Statea and the Htatea for tbe year 1H81 were
917,10*0,080, bebig ui tbe ratuol :!-7 p-i-. nt 11,
auiount a ?ei -.1 bj Ibe l nlted Btatea I uearone buli
oi th- whole. A 'np.iii oi ih- lawa providlng loi it
would Mlll leavo thoae banka llable to an aaneeauient by
tbe -' it. -.-' - ' 1 ? t-bi 11 lu 1- ol dollnr.-. . 1 1 biiiiiuu
1 ,. , ? ,;.. i- of tiu- 1 "i?:?? 111J baa . ouipl. te.l lila
annual Inblr-a, atiowiug tbe ninounta ..1 r Ited niut,
IhiihIh hcld by tbe National lauika, stetc banka. aavluga
Bud pnv.-iit l.unkera 011 tbe l-t of N-v. n.ii-r,
1-,-,-j -in. nk.H li.-'.t on * ??> ?-? ui'" i- t. 1 -1-'.
u K?uritj im 111-ui ition iiti'l t<4- putiii- o-po-.ii- and
otli-i pi;i ]."---. i*'..:?.',".-'--. ion of IntereMl lieniing tioudi
ot ih- L'nittil -im. -i Tbla 1- neurly tbbfj mllliona leaa
t'uiu the uiuoiint beldon Soveiubet 1,18H1. in-i nlmul
mvi 11 tui i'-?? ? l< ? tuau for tbe correapoudlng
li.iul.iu~ aaaoelation.i other thau Xntlonal bold Iheae
bonda ,1- folloaai Htate banka ln twetitj one Hiiitea,
>i 7"'' 172; trnal comiianMa In ttv- Btat. -. 81?,'JH 1,812;
aavinga banka In nfteen btatea, 92^7,780,442?total,
ao?!) 100,420.
There Iuih becndnrlng Ihe pa t yearn deereoaoof
iiii.uit iwn lutliioii^ in th- niiio'iiii li-i.l bj ftato Imubi
iuui tmit -oiup.-iiii--, .nuI mi iiien..'i* -: ncarly twenty
-, m 11 mtlliuna in the ai.nl - hebl i? ?avlu <a banka.
Tbe lii-oiiiiii ii-ltl ln gfoirruphical dlvliiona by th.
aaaocMttona iu lb82 were aa followa: Kaatern sHtate?,
?l ?-..,. J|i: Mi.l.ll- btatea, rl!',', 1 ' u-'. ": Soutli.-ni
Htatea, ^:i^-'''?- U?i-iu btatea, .?.i..in'.'. ll 1; r.uiil
- ?. -??0,11:.1.1, ? total, 8203, ni-.. i-.- 1
Tbeae retnrni bave becn complle.1 from reporti mmle
t.itiu offlceraof th- dlffereul Htatea, whieb bave been
r-u wardi 'l "" tbeBj Ie tbe < ontroller.
11,,-iui. i.-t beating funded debt of tho Unlted Htotei
iraa on Bovember I, 1*1.11-."-".-<"?. Ihe Uital
aiuottul ol bonda beld bj tbe National bauka, ~ it,
hankaand aavinga bankeal tbe in..:--i rorreaiMindiug
,l.,-,. I,,nt , .nii.l I" u-i.-i iiilii.il \M 1 -.?i, ,'.,:. --.iJi,, li l.it-n
Btuouiil 'i noi grcalfy leaa tuau oue luilf 01 tbe wbubi m
t, -, .1 b aring .i< lu.
Hlndlar fa-t-. bava alao been rnmpll. .1 from the retttnia
nia.li bi Slat" banka, mvinga bauka in.i privato ba
lo tbe freiiMirj liepartmenl for the pitrpo?o ol taxatlon.
khuwina that thi t..nl.- and hankera ... the rouutry,
exclualvu ol the Nfltloual banka, beld an average amuuui
ut l iiit.il Blatea boo.bi tluriag tbe ?tx uiontbacn.llng
May ill. 1^1'-'. ?" followa: Havlnga Imnkn, ; . u o >..
Htatt bank* aud 11 1-1 ?inimu:-s, ?*?-?::.-;l 1,1..0, p
i.aiiL. r?. t' '? i70.7i:. totftl, ?2W.I 10,057.
'l in- atunuiil ol bondi. gtven lu the i> lurna to Ihe i 010
iiii-aayu :? "i Internal Bovenue, whiefa 1- tho umounl
iilW-iI ln I'ni'i-'l -t.'-" 1 .-ii.!-. aud tn. 1.
pr.-uiiiiiu iis \.. II ..1 pi luclpel ..t the bouda, 1- $16,(150.00.1
,,. ihau the amounl ohtalued I. Ibe rcturnn t>>
Htate oiii.-i 1.-. Tbe .llflerenoe li couipuratlvelj
aud .li. Bmounta obtalnod troui 11- onc aoutve *erv9
,,, ,.,, . d ol the ?. tun
tuiu-d iiom the otber
?,S i i;-( ERTH I" tTlO.V.
At tl,- I.i i -.--!..n of Uongrcaa legbdation woabadto
itoptbe uv, r eertutcatlon by Batloaal baakcol i I
iu forui drawa npon ti-m '>-? ebapter2B0of l#i2,
aectlon 13. i Thal aet i an auti admeal ol m rtlon 9,208
?t tbe l'iiit.,1 Btatea Bevl d Btatntee, wbleb mud r
p, uu' to ", ru'.v aaeb a eheek nab aa tbe drawor tlien Uad
ondepoatt arlththe draa o the amount of It.
Bectlon 13, abore eMed, Bjakea It p aal to reaortl
dovlce.ot to leeetva aay Betlttouaobllgatl.a
to avade Iba provbdoaaof aeedoa 9,208, abore .i..i
?!,,,, i,.. p,.-,;-., ? of aeetlflB I.I. Ul"l. U'l Ol tli- lollll.ll
eertlllcutlon of check-i unni Satlouul bauka bavi made a
foruial Bcc.'Ptance tbercof. Ih-;. olabu tliat tiu-.
ii..1 I'l-i.K th- u?w, and pla .t upoi.ion i
j,,.,,,! *-t , i:.-. i.-.'l Mtiitutea, nberetu lhal mi-Uou
??'{.',, , tbi inaklng of eoatracta and Ihe u*e of po<
eldeutal and u? -mi tn tti-in.-iii.~iot lauking; und
upon aeetlou 9,2011 l uited Htulea Kcviscd hlulutea,
irblcfa uii.kea U penal for a banh ufiloer to areept wlth
oui autaority, - ti.-n.-o. it ih claimed, tbe inintteatiou ie,
tbal with .i.ithni it;. ,i..iii iii- I'.iim .I.i.. 1..11 n lalawtul;
aud upon ih- ui'?.n- from ie. llop IJ oi n oxprcaa pro
i,.|, i ni, ol muklni an ac.-epiauce The tiucauon re
i,,,,,n . lioweter, la the raaklngof an aeeeptu.
,,,,, ,|,'\ , i-. or the i.vlng ..f a Ut tltloiin obllgatiou, iu
order to cvada the pruvlabina ol lectlon 9,2001 i ..i it u
underatood at tbla beparttnent tbattbeae Bccepinneca
I,'..' nol Biwai ? made upon aa bbhmuiI ol mouey actuallj
nu depoell with tbe acceptor. i|ual bi tbal ol tbe ebeek.
ludglug that CongreM aaa eaineatly tniag toatopa
uractlct) wtiU li ltdeeuicd trunuiit uiih i vil, I bell. \ u 11
wi-il to i-oui ui' with tha t'onlroUerol the Curreiiej ln
aulimltting th- nii.ti. i to ihe Departmcnl ol Jn.:. foi
the ot'i. 'ni opinlon ol Ibe Attoi nej ...... il
National baaknitgbl lawfullj uiakemeb aoecttauceii;
iuui ai the amounl nf tbem la inppoaed tu lie
whether, if Ihe baak mlghl lawfUlfj m.-ii.,. tbi
hiioiiiti 0- i.-hl. ln aodoing, wltbln tue bonuda of aeetion
9 tfOO. Kevlaed htatutea l i.u. .1 Htatea, to tbe oite teiith
ol it" paid ui1 cupitalj^and, il it niighl beao beld,
whotber that llmlt applcd t? th< .'I- i atuouut nt tiiu
BTeoptaucea or tu a ilngle n. IBue ?tion
9,2t?, t'nlted Btate Reviaed "tatwea.) Tbe Drpa.l
uii ut ot Jnatlee ba - made n ny to tbe roiumunicatiou <>f
tbla ii.'piiMi,,. nt. Tb. opinlon ol tbe ttlornej Uem-ml
iHiinii bi wrIM tba word"auvcpted"acroaaa ebeek i.
10 tbe ritui- -it?' aa t" wrltetha word'aoud" tbem:
aiul that, tbottgh on- lu.ii o- . .ii,. .1 a ' t ,i nlii iillou" HUU
Iheotber an"aceeptaucc,"tbej in.ni, ibe muim tbing,
aad Bitrllkeaeta; tbal wbcn Ibe drawerbaeaol with
tii, iii.i'-.- thefiuid rlth whlch tbeobeekwaj b<- at
once on''. Ibe wrttlng ol obb word, Jnatae mnebaa
tbe wrttlugof tbe otber. M t..r tbe aame forblddea pnr
.,,,.-? ti, prudnce Ihe gpn- lurtdddrn rranlt; that,
iioi-iiiui ii fi iii- imi.ilitv aT tha fiuu.. a in t in r tbe cbeck
ba warkcd "''" "'" wonlor tbeetber,ettber auirk, tl
iu, ui,Ing lhal ii.iiiui.i. would iceaitoba mfltcieutto
bflag in. ? aae wltbla tli> probll.Uloa referred t?. It
reuwiua i. "'.ii abctbei Ib. baaka wbleb bave lu
dulged in Ibla limctlee Wlll e, n? tll-li liniii 011 KBOWl
,?,1^- of tbla opinlon, or whether tbe t'ontroller of tba
(urt.ii.v. or the l.iw oftl?im fW Ih-i io\. i uin-iit. iini-t
raforre tbe palni iud peaalilei laeurradbj rtolaflea ol
?
FOBUO MoNKYa.
Tbe luoniliiij tiaiiHiietlnn-i of tlie (loviiiiinetit luivo
biuu tuiiilii'tcU tliioubb tbe offlcci of tbv I'uited Stutea
Treeaareti aaaa BBaktaal traaaanata, andoue bbbbbbbI
iiiiiI tlilrtv flve Nutioliul l.ank depoidtorlea.
i ia grnaa reeaipta af tbe Ooreaaaaaat, nniounting dur
Ihk Iha laaal \.-i,r. a. BBOW9 by wnrrunK to
9524,470,974 89, were dupaatkd aa feMowai
fn ladepeadeal Tren.urr nrflcea.9999,090.008 77
in N.ii.-ii ii baukdepaalparuai . t -n.7ini.ixi7 fii
Tbe qaarterlj exaalnetloaa of Independenl Tn
offj ea, requlred by law,bare beoa nade. aad tiioae
i.tHe. i hare, n.-.i.i. - aeted t<> epe. lul o'.mnlua
ofacera ed tbla Oepertmeot Bo faraaknown,
tberehaahe n ao loea to tae Uoveriiaient from public
oBlecra enaraaed eltber m the wlpt, th< aafe-keepiua.
?.ni .. a pubticu.oae/e. I bave eeeo .ome
with iii ia. bul a- y.-t without
ulliiii ite j.iil.lie loaa.
I ' -I "'.I*.
? \ : ne 'h .. rn tom-. tor tha 'ani Baeal wai- araa
9330,410,730 95, aa keraaaa ef 833.251,054 2.'i are*
fthopreeediBgyear; aa laereaaeta taaTalneof
dittlable iiaporta of f/73,887,490, aad k that <>f free
...... i - 007,100. 'i:.. - waa i oilected al tbe poi
N.-44-V..i-K- t, ,- tnm r73,e03 83i
ii i -. 03 l ne ? ara Df 940,108,319 ...i5 n.l
? ido and luotaea. ; 199,953 018 oa
?....! anii in taaaafaetarea! 994,175,547on hroa and
?teeland mauafeetnrea tbereof; 832.033,137oa i.-un
ufaeiur.r -.iiu: 912,337,109 oa thoe.otton; BBd
.Tli.77l, I- ....I-.- .,!... -..il ll-, Ill aU.trOBI illi-e lin lle.l,
.I.l,:..- Urf
lue i itherat. pereeamm nf the
coatorci leeilon, n ,? .n2.il.,unl la la - an li.it ol
aii> >.... -ii.??<? i-;,;.
'
ui i ??? llaca |
I - 70, t --.i', i-.n1 aaa. 1 182 ;
Year ' Dottea, I Ipta. Kxp. 5,
lie |i.'Uof
ull oli er
i:t 1.170,1 . :
i:.i',a .'i.n.. - ' . ?. ll ,
? , ; ?
1
'
I -1
i bImi aak ihe atti - i "ii ie Couai -? ??? the 11 -
i- .,1 . nol
or.if 11 i .'1..4. it wl be treated o In auj olber do Bment
u ion of' >>ugn ??; and ihe ? i
.?-. I I-..J) .an. .-.
i tn inii -ta a.-.1 ol oolorta no longer a pravtical
tbe - ..-iii ,m. .- airi ".'i'i..' Iinpon .! . i ::n 5. ... of
'' ? 'i '.. III. : ir ' illl "i " Hupn ao- < 'olll i ,
ded.aioii, Ima tut. , i be, tl al
0'iniiiu.ai rH. eraiu
un.l ul i aatiafletl
? . ? or Umtitloi i ami au.-.- '. gei a !"?-..ta
... c... \. ... \.-.1 adopico, ....i.n.i
evuia tl t culor abow .: value. lue inieniioii
II Mlf| u . il .i . ? ln tli t II d V.il.a- iii \ ?
. lioi bv. r, ' a
, -.i,,.-;, i,ii. ii, , .a. i mv itolured, eouia ui
f datj i'-. ? a.
Duli ii ata (l ..il i- me i-u ? ;
lin a ie- made for jual ??? i an.e
... .ima-1>_. putung on an ad valoreui uuiy.h o -
duty, nr .?? utilboi t liai ol
ippa.-eii . .ar. Now, uo ... il:. ,
i oe uiven ti lu
."?? i , ?. t. ?. nr* aubj . i" .-ii. i - bi
.!ih> mi . ii. . ni i,ei?'.. lae.
ibi f a i .-.-? trlninia ? of eue
...in. .-a . -. nrof me ra B.er of iheui u?au exi I
i,u, ,i. i' .. . a oi ??< i, .-.I . . . < ;i - oa
, . - n.l 01 . ! i ll .u to t
ilal i eu.a to tuia lx*pa tui ut taat i i
- ? ??'? uoiuloal :,i .i 5,.-...-, alul. etie .
ii i. iii -i.. .? ,-i.- ii .,' u.ii r< lleve be i"'ii i
i.ueaa wioou li la no luilj organuc-d
aud |.t- i>" la nei up?n.
i a i. ? i ..ii. ii.i.< io . of Iaa yearlarep. ited, I
? .ry I.. a imn u,-.i io i-et.-.- ii, iia- <" rto
j a :,, , nj diapul u o.aima n?ai.i-i t
. i mn. i,i a.... . ing iui|,o. ii. ii u.ueationa oi lan oi ... ,
l II ? ? Wl 11, 'i "M e I.i <? .i in .1,' , . | ' , : .: i
i.ioiu , .....n-:-ti ii n.l,.:, i i i.. aa.-iii, :urt arard il be re
,.; i. ???xiiiiiiu iii..n.i v-.j.ii are now urged apoa
everyobangoofprlnylpululbc rao. l> iia.nn u.a.
l. '., aiao reoonjuu r..ieit i ... tnere be uu
Bpi o n ln i: ii i o l iiioi ... i. -1.... ii i ? .;. ii, r i ? ? : - i
l.t-i I .. " i
illli lue i.i.vi ru.i.eu llaViug I.UJ i. .1 la ai....; M
. a prop i i.ibuaai t" .! -. r., .., >!i iput. *
IMl i;n .1 i: \ M u.
. I" v.irin :. ...ijci ;.-. ol ...V ioB lindl tbl I. .. i
.a . - the r.-e iipta I
... .i- 30, l ?--. .V ? - aa : I
i . ? .?? ? . .*
? ? .
. Ui.iO. - l
l . ? .".... 5 '
1 ... - '
... I - ,5.
| Htl . I III - . .
I
l-r./ia ? ..ia
r'.. t- ? ? ? a7 3 7 il
i be
luat ii-'.ii .,-..r ..'ai 82.710,433 30; tba w? froa
;,ii.,u i .. i i :
i-.-rii d v, ? .-1,5 W.H97 B *i - ? f. um for
a2,1-. t.i.7a Ji; tbe ibi ?
iroio raxea on banka and ImiU-.i ?.? |1,401,2 i t?,
ai to il incr a. oi luu . a... r reuue fi i ?
ua. 911,293,361 13.
BKDUCIIOB or lAXAlov.
TbeTreaaory Deiartmentwa?oreatedby aetof C n
greaa, ehapter xit, of the year 1789. liy tbea ...
tai-i it araa made ihe daty of tba Seeretary '? ..> <iim-lh
and prepere plaua for tbe iinprovement .,f ti,e reveuue "
t'be wotd Impiovemeni uie.nt eulurgcuieut. .. ?? aeed
a aa fot raoi e i evi ums, u id I be lach waa ol aubj ota roui
waieb ltailgbtbetakea. Ia tb datylaaow
without eare TLe ea b recb ed. ft'hatnowper
la uot ????? ? .... g t rev
uDue aud eu uguiorth. ,a luir ueaula oi tbe <?
o i: i\ i. r. i -. 1 ? ? ?... utnhneli in o tb l! >? ?.
? - I |l '.?-?!.
I.l i ll .1. V. . I ?
ii...,. i d Ie . r.i-.ui-y tiuuaid aaneta to a lar.-e
Binutiu . . . i ...
ou ,. ? aud luicmai itveuue taxnikiu are uboui
81,'
: ? ii fron bl . a fl
tb.a report i egl a of tbi-. atlmaied . xn . dl ui i
uiit llaea v ur, that tt-eelpia roni rev. uue urv, aud are
Itkely io be, lu exoea o: tbenceuaol beOo uiect
Illl- IKiA>liY AXIi 1III- M.i.NiY MAI
, 'ii"'.:i qualitj in tv.ii-u ui.iiv iiii^e reeeipta and
i. mp ,,.. rn :_. aniull daily diabniaaxnenU then iu i...
eviltfiYol rn ? a t! c i>. ?..ii<.--^. i tbe touutry. Tboool
lectlonB b] Oovernmcnt an tnken ont ol the monej mar
ki t ln auma m.o al da ei v . lel l,a\c little or no
meai with thi naiu al movi meni of mon. r^aud ara re
teiaed toit with tLe aaan inudapttofl to euniaieroial oi
Onanclalrcqiiireaenta. Ocea?lonulii tba largedl
lutntaol ii.h i.i.vn.ul bave ereutedu pletL.
tbe Boueyi more frrqeeutly H" large audcootuincd
wltliaruwtda ol inoney bave eanaeu atreb n acarolty of
Boaiing capi.al aa to el t-ek tLe tropePi uvementoi
--. lt ia uoi onl> i.. i i..<? am. uu ln
ll.u lla-i'14 I-'".. ina. ).?!'. fl.ui bl "-' " lh.
?,i,i,ii ) ; me laol b ? i w. ? ai luceadvi nd
men who for the-r onu enda eoua] n tol . roiu tbui
rrlargi -a. a. We i.av.- believe.l ib, i ? hn?
, j i .ii .,,.< nn;,i.. tba ent i ol ea>
uue-. aud in. ? . 'ie. ai.ii.n nl peraona propeity, aiood
ni .in- ,. I. ,.! i.i apiug up '..I... h a.
. tbe jn.... . ..vi
ugivea Bul ao II i-. tli .t i. I ;? i . r.
Ul.; I.Bl ll. <0 iBpillllg i " ? .I , <
in, ,,..., hold lianu uu ut.ir aa iniicii ujoucj bm Ooveru
mi ut c.iii ... Iiaud ;... iiuve by I
ii,...., i an aud is uie io in. -. '
luu 4i,,' i.i uuu i al a ii coa rucUonau dexpa..al..na
lifll,, iJih ln i....--.UiUUi -..an.l :a.-(r..\.i.i ll la
in aiiwilllli, a.ili r.lOellor Iii. i. iii. lt I - .i
,1)1.11 li.a i ae i.' uaui ;? .' pai. uiei u aa a
., ?, i a, i-... 1.11 rr.na itriug. ? ? :<?-, and
, .. ,- e .ia a io oi reli ? !.v> i. ? ? . .a
a ba i ii broiigui o i uilj
I,, i,,, ,, I,.,, .:.' i ii. .. axi. dli u - iaa b. i u aa... i ?
reme .. lh. e'- ll. Unl. Ol I ? baa o. en uc
coinpli ? '? i i a' i. b.' ?
M. iii"i)i ni i l.vPOPING OF EXI r-sivr. gagarra,
iu,:,- i. no ..u.i- ".. aadlawiul moueof UMburaiug
au rxiallng exc.n ot aaaeto uul that ol tbe paynuont ol
t ge i.i. debl ? l bai debl .* luoatautla ly ui iwu urta
ni ,i, , i - i tbal na.vable at the pleaeare of tbe Gev
ernaieut, tbal payabia al a tix-d viate Intbeluture.
i He lornu-r laal ool two klndi -tbal beariug lutereet at
iuui tbat ut J l"'i e. ut. 1 lu-lu.i'.u in.u i.ot
be -.ii.< .1 iu tor payuu ni w blle auj ot ihe loi mer Ut oui
ug anu il ? o ia tiu laa ul
, luimor iiii-ii" outatuiioiugund uueatl i >vai
-i-v.-ii'.. milllona tue tuterpretuiiou put by* tho D
partuient upou th. verioiu la* .... tual debl
riuui riquitii tual i i 11 I r lt lor pai taen
itv lor iue i: u.iiiiiy a.-i lor ibeocaeotioi ol biteroal
u date ibrea i.tba ott. Tuia vm ?
i,.iinii ii iii.. DeparttuuBi tn ao maklug
.i-i to kt-i p np ii tiiu-.v luooeaaloa For i illa
? uiou U-- i?B tbere ntuat eltanr b? 'b funda lu
,eii lor ol ..- t' in- v. tieu t mi call ih ma ie,oi tli. re
tni.ri i.. :? ii-ii.iui - upon tbe piobuble proaptetlve re
i ip,.. j,, .,.,.: !, - icaUuntll iue uuiaa are
iu f.f i iu ii .n . .'? oiilo b- " ii-r- .?? iii" iwl .it *. H'.i 1
, ;..,!?., lo call ln rcllauoe upou reoelpta tu twuii
in-. .1-1,iu..ou, t- i?i n.. ii.ni,k,---. ni ouain ?-- curreou of
-umiii-i pi..-,'. i uj, Ihej ui.t^ be leaaeueU, and ib
.i ,;-i.i .-ii. io -'i.-ii- ; ao lu.ii, uraetically, tbe Dt, ui nueui
eaiiiioi wi.u pruutiuoe work lu tbla in.t.,.r up lo whai
?,;,. tumoul iobe lianulabilliy. Wbeiuer tue turee per
ceut bomtawlllrequire lUeeaiuetei gtboloul time laauol
>-, :,t-.1 .|. ii uul .il. b'or la i? .'ui. ..iv.n - . ti i-iuai in
uiiugmg .u tue debttorpaynieni. laemoutuij atate
loithi pubuc aeoi iuow thal al matured ., .?
u miereii ii ,n et-.i--.. tli-r- are uUtatauUing
,,. ? ,. veu miiuoua auu b 1...I1. aonieot 1. irou, tue year
I --:.7. ItOI.UtlHM s, lll" -1 lil.M lllln lir.-l. lo 1 ul .1. , , i.i, 1 1.
.1.10 ivili ;., v. r 1- brooghl ior puyuient. bui buuUa
wbl.h ar< in lateca 1 ?-??!. ?? m ilowiy. Tbua, .>. iu
ureo. .1 :i- tbe iu?t. ul.of wbleb bave b eu eo.ue uaya pey*
, uioiunoibolderiwitbo.il reuaie of iniereet, aud
Wl . were, ln all, tor 8b8,OO0,00O, ibera U outataudlBg
>!,,. I .lll ?llll OV-1-.
1,.,,,:.. ,,, ihe otber pi nelpal bUm ara ol i
kluua, nil payabia .<i a tatura daie, aad all
are noa ui ? io*" premluui m tt.e uiurkd 11 .t
were aood poiley tur tbe bepertmeal lo
tbeir p.eutluui, 11 couttl i-.v ho uuingt u-ii.v ta - u.. rreai
nry 110m t pxcia of aaaeta. i'?rioue cuuaee uul tueea
iirumuuua al ?' hrlgbl ehuoet uueaeiupleu. It i>true
ln.it -iipit iliata ma> buj lu. iu BOW. iindih-y WiU, 11 lu
preaeut ataae ol ibinga -..nnnu-a. by ibe um- t...> tad
.tu-iuui aayeblr, aad ure paui to tbeui at tbeir faee,
iiavt 1 ..u/i'i auuie tuiereet upouib- purouaaa pn?. .\t
tae prtaoat prvuduu ou mo?i tl aot oa all ot tbeea that
wihbeaaortal 8 pereeat. Calouiatloaa ?nuw laal al
i... - nreuuuaaa pureaaaa enii n.u imvoyieided ui m
-uti oi ti.t-ir t-riu :? p. ? eeal on ibe mouoy paid f?r tli.m.
lii tluverumenl uy ibepureuaaeot tium ..iiitit la -u?t
taa. ni equal proat uut it eau aave loItaeif 8%per
.1 ni -iv aalilag boada "i tbal euua Heaee, Idoaot.
p rerive bow j Bccrctary eaal.l Juati.y i.in.fit tot?o
eoautrj it large, ta peyiag tu- Oovanoaeet debt at rul
iu<. p i-uii.iiue, uiien taera la uo reejuireaMut of lew to
U. ,i ,,-v.-ied, aud uu ooii.-i.itui.-o BV piaoa.ng ut-.l of
th- iiovi'iuiu-i.l lo be tiiot; uul-aa tt.etu i-t iiLi-.it
ciuvii, n.y au.l acaeiul Ltu.iUii.il ui-a-.i-i b)tbraatuuad.
wt.lc.'i only extraiui meaiurei u( tGuveruuuutal
lnterferenco can tnrn aalde. It la trne tbat thia
l>epnrtment i,aa heretnfora, and ** b,t4| .2
Maroli ?o, HBi, purebaaed bonda and pald tor tbom tae
fa.'i! value miiiI a premliun thereon. Tbe purobaa^a oe
tbat day were over flve inlllt?na aud a quarfer ?.f dollara
and fbe premliun pnld u.ar flfty-Hve thouaaid dullara
But taepnrebaee waa for tne ainking fiw.i, MIU tD#) Tfi
of ti.at funu r.oulred a piirohaee, and m. r.. were na
Oovernm.nl boada n deemab.e at oieuaure totbr ?2
nn nt o. wbieb aa exccnaof .untettt uiia.it be apoibd tn
fonn r yeara tl.ore wera targnand oeaBaaaa pataBaauBi
ol boada al a pieuiiam, b.n tbey *ent baad Ib ojnd wTth
aal. - of ko'.i at aurcnter pramluav, and tbe <ioverui??U|
i ind- i prodl by <he trmiiHoili.ii, and inen, too, w >? ir?
tlni" tne re.jii'reu euf ol tbe mujilug und, and toere *,.?
in? ImiiiiI- |,.i> iiienl of hiiioii uil,riii oe 'iii4de ba ...rifum
I in-aniK :, i.ic.il of eall.,1 ooude wiilwut.
rebmeof tlie Inter.-.t up to ibe day nomed ln th, CaJ
,.<>n ,i illir.r.iit l>8?n. A prepayiueuiof lnier.?i
ii,.i.n :..?? |i.ii.|,i.(i-ii- ie?uiia loii.-d i.y expreaenroviatoai
oi 1.1* - ? i. .1 lil.'ii >'u. 'jr,, of Mureb, 1h?i ... {
Unli.-d8t-.Ka lleviwO Hiatutoe. 3,609.) A rc, r*4MM in
iiie.ni. in. uiigreaa wheu iii.n reaolatloo waa aaiaar
a: ? i kIuu, bowfi.ia tbe inotive for tbaavdoutio. or t
wbm, tunt ti,. J . -a-. I/. | ?it-taient niitfiil ,?,y ti,?a
breaka tlahlueaa lu tbe tno ir> ui.,ikei by pu.imid u?
ni-,-ji-4 Lin- m ii. vaulu. Tbe power ii,B* iTiv.u
l.a-.n late ln eu ii.n-df.i. ta .1 p ii|i ,,., T.l_a f ,|. ij? ,
glvea aam luiui uo.deraol tbe b .uda, it patitno loaeum j
iueOoveraiu.nl Tue freeaary uaea f..r iha BreoeV"
u. nl, nioiii-v tbal ll ne, :i noi l.,r u-. lu ,, ; , r w.'yi ai"d
\ a a.-rn. uit'-ie i,and waieii it mn.! hi laat aaa
.oi payiugjiikl ...in i payaln advance, ind toa* i,,,.,'
.l.ati i. r ..:.,.,.. m tbat l,,,u-t,il 1 , ?[ j,., . . jr, p,.),',,.'
bi?;h pr.iiiluin.lowever.lt pay. wnai it 15 u?i aiiiiud
., 1 ... 1 ty, and iu. i?>t ., ?? r aluevent Ibm li wili,.vVf
unikeii ... 4....I agiin. aud 10 lueeiMnatef aaaaa nart
preuitum, lt exiin uiau aned. i
li at doa pol ay ta extfagaiafl taa ion*
' >.; .".t. 11 nel tllflll :!,(,,.. pira s
1 h ple ...ll.- ; .or 1... .1 .?? .
ot i< uu Ihe pn nyiiVn ,,'t
??i l"; ' ' ? 11U.1 -aaj.-ci Uiouiuwal tiaue ,t
.... mn- will uaa.1 >-. . id in. 1 iii.-n. ,r i/j,,, ,
?urplu. 11. in.? 11. a- .re wlli ...- BOeiirletforta
J'- ???' - uttha
1 irouau
.-i oomiu.i ln ? ? ... taa \,.
.0 1 n, :n. :? oi'.', lur Oungreaa 10 uouaidet t;.e
" " ? 1 ? n.i, ,'?
? " - '> ui uu I t iuuii d. ? ni 1 ,.
ui uliir
?? 1/4 .
tliils iidout tki 1
poiley.
1 I t>V illi. BABB9 A-> IH.P.MIIAU1KS.
ineic bav. .'.ai -iiii a ggaeilm.a ef ?adee at fraatag
taeTreaauryo uu ? aa of aaa. ta. 1... BeUoaalBoak
... , 1. ;... (I Btataa Bavtaed ,51a u:c ntc
I 11 >u atgi utiono' rfatlaaal I - - ,5
.I.. oaitai ?. ..1 pabl 0 ra n ra, ae. arlt] betag laaaa 81a
? .11 reapo idiai .1.1 ef 1 ... >-.i Baalea boada. aii bm .
eyn reeetved r..r cuatoma moal ba padd late tba Tr -
aadno^artof tbeaieau I N iai baahda.
doBitanee. It ia aeen that ll toej rt af Bbbbl
4v^n d< puaitad a itb > ti fc..i 1. 1 k
1 I.. ..
i.e^-i in I.. i,,. -. .,..,.
- ?
.' attara.
I) UU ] .. . i ., ... ol iiiit, of
? ? ' ??. ? t .. I. Tb i ,,? ?^|
b in ir
..( Ull :l ...
1 . ?? . I ? ? ]. ,.. a . . Wkit i
? u .l.-j. mkt
. ? ailta aaa I f.j.
I . I
l - . ? w . ?-. i ?- wbu o.'.nl oi a.Kcr aaa
i ... tbat all ol .er
. f
.- ii i... aa : an ir..^
..... n: ? . <
.> p .. !? .' i .M wlib tha aU-uugaal bauka :c iha
i ? I .. ? ... ?? 4.i iu. hU5!UL'?4
..I la 11 .1 1 || Bua ..
- of ii ..-.': ( oapilal ; 1 14 It ui 0 .iv Ib iua
l lille.l -, -. 1,1.1 ia.. i.n ,r:;i, eal. i ; e:!> oy ln( .nd
uaa uf e* 1
-iinli- th. lial .1.1 uu-- u;aof
01 .ra ? a . .... ...
1. ,.,. in^
ui oui 111 - ....,.<i. taa]
ol . a 1 1
1 . aa>
- . . ' ? j oi
? l
. ? 1 -.'...
. 1 ...
1 i" not yu.Id lo ..in, .ua li 1 1.1 taa lail < -.u at 1 iai
1 ? 1 .
. ... o mn,. largeruepoalia m ...e pub
? ? 1 , ? 1 a .? 11
toiua, 1. 1.1 r .1 .. j, ..... ?? .- p../:
.'iu ii.1 ir .. - l lu tba
' , .... c9
? 4 1 .mn u' , . . ?nd
. 1 ....... ra ia
...... 1
. ? r .4 ... II ?? 1- j. 1 1, ? . ' Bl I'. a.l :.t
. ,, j - : I. ni, '.?.
.1 , ....... e.nl.e, .tl .-.ea ,-.
. .. i... Nu a. baaik depoal ud oa
i,i\ o 4.1 1 I.' 11 111. ? 1,11 a.,, .1 ??'. oua. 'Ciiil 1 . ?
OoTer 11 1 bad ln il t oa a b iuda 1 .1
11..'.lin to 1. e . 1 ? da Ij - alia up . It> lt ua? ahaa J
tba., I-U..V. M .io... n.nik or: 0511U11. ? havefaUedte
1 . : 1 ? ..... rnuu ..1 uj >. ikaaa, to U1
.11 ? ::..... ao 4- .undti ba II ..U "r
1. r, an - "..ouid Bara
it lh* ijav. rauteat Ino
poUc nl 11, . o lie.i to k < j. I01 tlie re
onortu. i ... ?. .... noi.:* a raaerv. at aboua
n 01 ne ...luai.., ... tbciu oU.ftaU llUK, Bud
il 1 :ii r, to n-.l.i uu... y enongh to ueet all otnar eh>
. ii.-.'ii'i tuaad. it la a paft .<Ltii.it petley
tUal I... .11 llil reHeTVe. "irl
.... . 11. i, belug ieail.4 :<>r tba
. 1. : .., 11 ? -4 1 . , 4.1 OO.U. r; :.",
.... 1. ,.,. .,.,.. .. iu. ' I ? . ,^i.?^
:?. 1 r .. .-.? 01 tha 11' BJ a.. ln..a
1.15 eoinpl . a. . ... a > Miaiaa
11.i. i.M'i.Al. OUBB,
Tb. radlealenre 01 tbe etril la la thi 1 I tax
: ..1 ... uiore wni i.e .iiueu f iai taa parg49
. y ou the OovernauMil wt I aa .noiuyj
;.,..,. tbai uiuai be inet freaa yeawr ta
?,.,i; io |. ,_?? u.i 4411111. . .. ile ?? ? r. ?? bapartefiBg
i- ii. i\..1 ii t may ,. ai ideaeeure, aad to ptovtda
ibroUh'btb"al kug . pHymeai oftbatwhtea
.ni. 0.4 i....1 lij l' ie evll e .aie-. hraai
1,. uknilbotai o .. ..... , ? .1 botdlug tro 1, iiiuo ;o
,._-, mi 1 M . ; UUI ai v .liiiii.- at . .
.'..r. f. . 11 I...I 1, .111 i H: tl... * Olll- , tll.,11
. 1 .. .,. 11, n- ,1 ;.;b oountn 1'-.. re a akt
11 11>. I,,. ...1 piiia, aurety not ao greal a oua, If theaa
|. i-i ? ot '.4,1.1.11 -.?, aro -..1-1I aal tue ruiea 111 ..Ji
.-.11... d.
j ?- ., :i., , ai. u ? ... ., . 1 i.t fd
, jiicuio .- ror tao daeai yoar Ddiua'JiiiM
.,,.,--.. ...,'. ... baalaoiezUilna ia'\.> aud UMBladtaaj
| , . ."? 7, 'la 7.'.
1 :, a?aoi. 11 ? goiuae louiealn, necaoi fore>
. ou year to year uu tba
? . ? l .a -,vi. ? atl .inen
ill auurjoa whi ? Bt ba dloala
f tbe lawa pro uetlve tuereol ramaln onchaagnd.
a?m greal au aunual aurplaa U a. da ol tba
exiaungr reuui la?e, wuai will ba tbe Onanelal <"!?
(lltiull Of I 0 oa..4 I '. .. . Utwa leni a. ,u. u^UKed
'
lu,,,, ,. a .lioald be boi'.i ia mlnd tbij
,1 .1 i ur,' for peaaiona, ia llket) io uffcto
0 ? ;. p .1-.
, . . . ,,,,, , i..,,- 11 im fut nl ibe : "... thta
: | n. iiimateba ed ipoafaetaoabtarwearaa,
Kivca ? 1 ?
?<iiii.ii-.' -i ?,-. .. 1.1 to Jiuie 30, l>-?.'. S17.7JJ
1.1 . a.47-.'.',:rf
.N.ui 1.. Ti.vOS
' . - . B99.07B
-817.798
ii. the !? a.- ? ? - ! are ? ntlth '. lo "ar
i.ai?," and - lled
.11,11.1.1. ..1 iln.e, woiild not lall beiow
9200,00. .'51 I.
a.iu,.11. 72,0 ?! aubat in w Ul .1 aa
:,. . 1 80,aud ,1 nmuu, ....an aliowed, a/ouiu .-oiuuitiikO
1,. iu .I.n. (I fjil.lg
1 - .. 1 <? ttmat. l that tbe aTaroge v.i.e oa irto
... Ja..uu.... 1- 4,oi oach chi.ai allowcdaau of
. re tue 107,023 bove, oa d i?a
mi be 11.ea leekoued tbal aboui ti\-.- dxtba <>|
tn.il <? u-a w.ai.'l be lou.d VaUd 1 .inu.- and BOUld bt al
loaeo,
1 i.e .i.ia int >>,' L'nlted atat.. b .uda whi. b ara aoa ?.ua
andpnyabl. u. tba pi naura o. tha Oovarniu?at ara ai
?
I-'lv- ? , nutlnued at 3>a :> r eent.^'...i ? &
Ib.aei.
CataJ . .,. m.7-:'i."5o
I boae Miiii-ii aexl boe aueredeeaMbta air t.'.e i'i
i-i eei.ta, mnnii u I a. t. mlu-r 1,
. . 230.000.aB9
i .* I pei i i- i ... ei.i.ut.'.- Jit \
iu?i. ..u.i.:. ratanrtiBgeertittaalei. 4a>,7ie
BtaelBg. . ?i ' bm
The i . oiu.r of tbe luaded debl t- ?
tlmebetoreHepteuiber 1, 1891. wbleb alll reui bi ajh
paldonliii 30 ? Juiie. 1&H3, la abuut W00.ooo.0o0,
...i i i.p...i ibe .'.,:;?;>'..!., eailmaU ? for tbe Oacal yeareud
lug Jm.t UO, 1833, l.-wioi fun.Nil debl now mhxOjj
. iiiu I.. , uul li.oi- .iu.u- 3o, l.-stl. Tbla w- ul
-1 - lurplui for more tbau Uv. yeara tl.eaiui.ana
. i aOO. j i ('.'- c. uui ? . -i tl ..f iii tbe i rcaa
iiei.iing to tbi -.ii ..? iiio.i ol leeuilng wealtb, eipeo?u>
i , .,., ,.f ihe 1 > in IB"
deemubl. iu lePl U*ul? B290.UOO.0OO. aud, aa t,.o. b.'. a
itat.d, uooiu i loan ,.e,-.,iue. r-t:-- BUl b? uinu 19U7. ao
tii.,t tba lurplua uadei .be eoadiiloua luppoaed wul
;? i iv iu.re.iav uuul toatdaie. rueamouutof uusloaa
ul 1007, ii -?:. eppo.re, la leaa tiiuu sjiTAo.OOO.Uia'i
lotuat, t.I all i-il ???iniii.le. tho ehule p.iVio dr>B
could be uul fro'ii .i aurplee aa greal aaeatiuiaU'd early
tn iue bacal raereudb ?: Jaae 3o, 1894.
(thaiuoioi -:. o< ? i.i lu publii nu nelaJ niitury
thal omoarraaauieni ii..? ariaea through auperibui I
ufreveuaea iha eoadiiiua ui iheoonatry iu t t
np.it. -.. ii lo if lii.i-.tii. ea li? aluiuii b aiodteaa reaaait -".
au.l eatabliabea tu ervdlt beyoad a laeetMU. pieaouia
,i ie uliieaoi . .v, cbaraeaaa
'j ,. ..,-, u-ii tuatlon iu the lr< 'iinyof a \^r^ aurp.Le.
wbtcU niu?l o"< ur Uuiraa uumedtate mm.-uri-i ara
euaoted ?r ,i reduetion <>f tn- iwveuuaa, M aet ta M
placidl> oontcmpiated, and iboqa, ittaa eoufrunti e.a. ia
\. bai.. i.mii i may ll n< u < <? preveated I .
TbebUggi ifiou .h.i ibe lioveramaul n.ay ge h?M tae
markel aud uun baae ita a, udi uot >et raUiaeaabia ??
lii, murkil laica n ed it auolherulace. Ae a icmpo;
ior. expedlcnt. o. foi a rebuivclj aiu.ll amuiiui, im*
. uil*bt be a lopted. uutw reltwi bUebedbyiew
asapormaueai policy. tbe luu,j boad*.uowal a "ih*o
premlum, woit I a ibaueed lu prlw ..? i" re"??*
the aareaaaeelbouda impiaeltoabaa wltMa reaaonaJia
buuuda. ,
A gieat-ruii'uf tue N..iloiiul batika aa dcp-alt u. ?? ^ "
tr-.i.i'. rUewbera Imrain. i toat iBaaid fceia??ae, ai
would be hul a t. t.ir.i !>i the chauuela uf luiiueia ?*
BUHBtyataaaa rroui timu wltaoal ue-d. and witutne
cnarg- ttpou the j>, epbl of tbe cuai of toileJt.ug.
l.iii.ltML IAXATIOX.
I raaatatfalty refei M niy ynt rejH.rt for my viawa
upou tbiMhiil.Jrf) They have uul materlally ehat?ed.
Now, aa theu. tt li reouuimeuded l? reUm a lai oa
?plriiH, Mbaeee, and ferweated llquura. ae IcgltimoM
?ubjo.liof ure.lnil taxaiiua. I'hcy are. lu the mala, tbe
Ceutbiuad ee Fifta Page.

New-York tribune. [volume], December 05, 1882, Page 4, Image 4
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], December 05, 1882, Page 4, Image 4 About New-York tribune. [volume] (New York [N.Y.]) 1866-1924

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New-York tribune. [volume], December 05, 1882, Page 4, Image 4
About New-York tribune. [volume] (New York [N.Y.]) 1866-1924