Democratic Sentinel, Volume 8, Number 41, Rensselaer, Jasper County, 7 November 1884 — WASHINGTON. [ARTICLE]

WASHINGTON.

During the year ending Nov. 1, the the national banks withdrew from the Federal Treasury $17,320,313 deposit; d to secure circulation. At tho prepared rate of redemption the 5 per cents will disappear by June, 1886. . Washington special: The par value of the United States bonds held to secure circulation at the close of business tosiay was $325,341,300. The value of those held for the same purposes the Ist day of July, 1883, was $356,598,500, showing a reduction in sixteen months of $31,255,200. The 5 per cents have disappeared from the vaults; the 6’s remain substantially unchanged; tho 3’s have decreased nearly 25 per cent; there are no longer any of 3‘i’s,while the 4’s and 4 H’s show an Increase of about $12,000,090 and $10,000,OCO, r. spectively. While the 3’s held in the Treasury show the most marked decrease, the proportion of these bonds so held to tho full amount outstanding is greater than it was a year ago. Then the ratio was as two to three; now it is about as three to four. The bond-call maturing to-mor-row Is tho last of those already made, and as, there will be about sls 009,000 to pay out on account of pensions before the close of the year Treasury officials are of the opinion that Secretary.McCulloch will not issue another call to mature 1 efore Jan. 1. The 3 per cents now held for the banks aro nearly all of the lower numbers, as the banks made special efforts to secure those likely to be called last, but another call cannot fail to draw out a considerable number of them, unless Cfingress takes some action to prevent further contraction of national bank circulation.