Rensselaer Republican, Volume 15, Number 12, Rensselaer, Jasper County, 30 November 1882 — CURRENCY AND COIN. [ARTICLE]

CURRENCY AND COIN.

Points from the Report of the Comptroller of the Currency. The report of the Comptroller of the Currency contains tables showing the amounts of United States bonds held by National banks, Stat’ banks, savings-banks and private bankers on the Ist of November, 1881, and al-o showing the amount and distribution of the coin and paper currency of the country at the same date. National banks held on Nov, 1,1882, as security for circulation and for public deposits and other purposes, s3’. 6,538,4 0 of interest-bearing bonds of the Un ted States. This, is nearly 8 0, 00,000 less than the amount he d oh Nov. I,IFBI, and about $7,000,00.) less than for the corresponding date In 1880. Bankin r asso iattons other than national ho dth ’ce bonds as follows: State bunks in twenty-one S ate<, $8,739,172: trust t ompanijH in five States, $16,’84,812; savings b nksin fifteen States, $237,786,442. There has be«n durii g the past year a decrease o übo t $2,000,000 n tue amount held by Si te banks and trust omnawes, and an increase of nearly $27,000, COj in the amounts held by savi gs banks. The amount held by geograpbl al dlvisio s by these nsFOo ations in rB2 was as follows: Eastern Sta es, $42,667,248; M ddle S ates, $197,1 5,239; Southern 8 ate», $268,36 >; Western States, SB,369,414; Pacific States, $20,020,175; total, 1263,460,426. These returns have been compil d from reports made by the officers of different States, w ich have been forwarded by them to the Comptroller. Interest-bearing funded debt ot the United States was in November last $1,418,080,200. The total amoant of bonds held by the national banks, State banks and savings banks at the nearest corresponding date that could be ascertained was $676,689,857, which amount Is not greatly less than one-half of the whole interest-bearing debt Similar facta have been also ascertained from returns made by State banks savings banks and private bankers to the Treasury Department for the purposes of taxation, showing that the banks and bankers ot the country, exclusive of national banks, he.d an average amount of United States bonds during six months ending May Ist last as foToo-s: Sivings banks, $ 42,(28 782; State banks and trust comranies, $28,211,480; private bankers, >14,870,745. The amount ot bonds given in the returns to ihe Comrulsidoner of Internal Revenue, which is the amount invested In United States bonds, and may Include premium as well as tne principal of bonds, is $16,6 <O,OOO more than the amount obtain-d from returns to State officers. The difference is small, and the amounts obtained from one source serve to coiroborate the general accuracy of the returns obtained >om the other. In referring to the distribution of coin and paper currency, tae Comptroller says: From Nov. 1, Ibßl, to Nov. 1, 1882, the production of gold by the mines of the United States is estimated at $43,859,021, and the ameuntof gold exported from the country In excess of the amount imported has been $36,122,586. The difference, $7,286,485, is the inorei se during the year. The Diroot or of the Mint estimates that $2,700,000 of this amount has been us d In the ai ts, leaving $4,586,485 as the increase in the stock of gold remaining in the country and available for circulation. The total excess 0. imports of gold over exports from the date of resumption to Nov. 1, 1882, has been $161,311578, and the total gold product of the mints of the United States for the ume period is estimated to have been $147/09,021. This is the first year since 1879 during which the exportation of gold has exceeded the importation. During the last two month September and O tober, 1882-the imports have,‘however, slightly exceeded the exports. The amount of standard silver dollars coined during the year has been $27,057,175, and the total amount coined upto Nov. 1, 1882, since the passage of the law of Feb. 28, 1878, authorizing their coinage, has been $128,829,880. The amount of gold coin held Sjr banks Jan. 1,1879, was $46,000,000. and on ov. 1,1882, $112,000,000. The amount of stiver coin held by these Institutions at the same date was respectively $6,00 * 000 and $8,000,000, and of currency $167,000,000 and $184,0u0,000. The gold coin held by the Treasurer on Jan. 1. 187-1, was $112,OCX),000, and on Nov. 1, 1882, $148,000,000; of silver at corresponding dates, $3 2,000,000 and $123 000,000; and of currency, $44,000,060 and $26,000,100, making the a gregate amount of coin and currency held by the banks and the treasury $552,447,478.