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ANNUAL REPORT STATE OF THE FINAICES FORTY-THmD CONGRESS, FIRST SESSION, D E C E M B E E , 1, 18,73, WILLIAM A. RICHARDSON, S E C R E T A R Y OF T H E T R E A S U R Y . . WASHINGTON: GOVERNMENT PRINTING 1873. OFFICJs. TABLE OF CONTENTS. [Index by subjects will be found on page 701.1 Page. iii I. REPORT OF T H E SECRETARY OF THE TREASURY Tables accompanying the report Liabilities to Indian tribes II. REPORTS OF TREASURY OFFICERS : 3 543 • Architect, SuxDcrvising Auditor, First Auditor, Second . Auditor, Third Auditor, Fourth Auditor, Fifth Auditor, Sixth '..... Coast Survey Bureau of Statistics Commissioner of Customs Commissioner of Internal Revenue Comptroller of the Currency Comptroller, First Comptroller, Second Director of the Mint Light-House Board Register .: ----Solicitor I Treasurer , ^ ^. - 675 175 181 201 219 227 271 579 487 171 , 51 67 161 165 461 585 359 559 291 '\ ^0 iAy REPORT TREASURY DEPARTMENT, Washington,, B . C, Becember 1, 1873. S I R : In compliance with the provisions of law, I have the honor to submit to Congress the following report: RECEIPTS, &C., FOR FISCAL YEAR ENDING JUNE 3 0 , 1 8 7 3 . The moneys received and covered.into the Treasury during the fiscal year ended June 30, 1873, were— From customs. $188, 089,'522 70 From internal revenue - . . 113, 729, 314 14 From sales of x>ublic lands 2, 882, 312 38 From tax on circulation and deposits of national banks 6, 830, 037 67 From repayment of interest by Pacific Eailway Companies :..., 514, 206 04 From customs'fines, penalties, &c.j labor, drayage, storage, &c 1, 966, 469 36 From sales of Indian trust lands :- 818, 246 58 From fees, (consular,) letters patent, homestead, &c. lj.877, 221 67' From XDroceeds of sales of Government property 1, 637, 283 15 Froni marine-hospital tax , 333, 003 03 From steamboat fees 259, 092 56 From direct tax 315, 254 51 From x)rofits on coinage 489,134 62 From tax on seal-skins -252,181 12 From miscellaneous sources 2,184, 394 25 Total ordinary receipts Premium on sales of coin -' - 322,177, 673 78 11, 560, 530 89 Total net receipts 333, 738,204 67 Balance in Treasury June 30,1872, including $3,047 80 received from ^'unavailable". 106, 567, 404 74 Total available cash 440, 305, 609 41 IV REPORT OP T H E SECRETARY OF T H E TREASURY. The net expenditures by warrants during the same period were—, For civirexpenses. $19,348, 521 01 For foreign intercourse 1, 571, 362 85 For Indians-. - -. 7, 951, 704 88 For pensions .-..-.. ,. - - 29,359, 426 86 For military establishment, including fortifications, river and harbor improvements, and arsenals 46, 323,138 31 For naval establishment, including vessels and machinery, and improvements at navy yards 23, 526,256 79 For miscellaneous, civil, including public buildings, light-houses, and collecting; the revenue 52, 408, 226 20 For interest on the public debt,-.'.-. 104, 750, 688 44 For premium on bonds purchased 5,105,919 99 Total, exclusive of the public debt 290, 345,245 33 Redemption of the x')rincix3al of the debt, exclusive of the certificates of deposit issued under act of June 8, 1872, for the redemption of which a like amount of United States notes was set ax^art and held as a ^ special deposit $50, 498, 335 58 Outstanding certificates of dex^osit mentioned above, added to the principal of the debt and to the cash balance in the Treasury 31, 730, 000 00 Leaving net disbursements on account of loans 18, 768, 335 58 309,113, 580 91 Balance in theTreasury June 30,1873. $99, 462, 028 50 To which add special deposit of legaltender notes for redemption of certificates of deposit, added above. -. 31, 730, 000 00 Total cash balance July 1,1873 Total -... - 131, 192, 028 50 -----. 440,305, 609 41 By the foregoing statement it will be seen that the net revenues for the fiscal year were $333, 738,204 67 .And the ordinary expenses 290, 345,245 33 Leaving a surplus revenue of 43, 392, 959 34 REPORT OF T H E SECRETARY OF T H E TREASURY. V Which has been apxDlied to the reduction o f t h e debt, as follows: Eeduction of principal account, exclusive of certificates of deposit-'- $50, 498, 335 5S Decrease of cash in the Treasury, exclusive of sxiecial dex30sit of United States notes for redemx^tion of certificates of dex30sit, as compared with June 30, 1872 .' 7,105, 376 24 Reduction in debt 43, 392, 959 34 This statement treats solely of the principal of the debt. By the monthly debt statement of the public debt, into which enter the accrued interest, interest due and unpaid, and the cash in the Treasury, as ascertained on the day of publication, as well as the principal of the debt, the reduction of the debt during the past year amounted to $43,667,630 05; and the total reduction from March 1, 1869, to ISTovember 1, 1873, has been $383,629,783 39, the annual saving of interest resulting therefrom being $27,432,932 04. RECEIPTS, &C., FOR FIRST QUARTER OF FISCAL YEAR ENDING JUNE 3 0 , 1874. The receipts during the first quarter of the current fiscal year were— From Fcom From From From From From From From customs $49,195, 403 68 sales of public lands -° 573, 768 07^ internal reveuue 25, 640, 454 41. tax on circulation, <Sbc., of national banks 3, 490, 743 66 repayment of interest by Pacific Railways .. - . 198, 970 56 customs' fines, &c 438, 514 21 consular, patent, and other fees 503, 941 12 proceeds of Grovernment proxierty 303, 765 32 miscellaneous sources 1, 507, 931 21 F e t ordinary receipts -From premium on sales of coin From Government of Great Britain—payment of the award of the tribunal of arbitration at Geneva Total receipts Balance in Treasury J u n e 30, 1873 Total available : • ... 81, 853, 492 24 2, 350, 818 34 15^ 500, 000 00 99, 704,310 58 131^ 192, 028 50 230, 896, 339 08 VI REPORT OF T H E SECRETARY OF THE TREASURY. The expenditures during the same period were as follows : For civil and miscellaneous expenses, including public buildings, light-houses, and collecting the revenues $17, 372,293 60 For Indians '. 2,008, 715 19 For pensions : - - -. 8, 698,156 58 For military establishment, including fortifications, river aiid harbor improvements, and arsenals 13, 795, 053 48 For naval establishment, including vessels and machinery and iinprovements at navy yards 9, 792, 451 57 For interest on the public debt, including Pacific Railway bonds - . . ^ 37, 051, 907 79 Total, exclusive of the principal and premium on public debt. Premium on purchased bonds $1, 301, 946 78 Award by Geneva tribunal, investment account 15, 500, 000 00 Ket redemption of the public d e b t . . . . 32, 986, 828 91 Total net expenditures Balance in Treasury September 30, 1873 Total 88, 718, 578 21 49, 788, 775 69 \. 138,507, 353 90 92,388,985 18 230, 896, 339 08 Owing to the large proportion of the interest on the public debt maturing July 1, the amount paid out on that account during the first quarter of the year is more than half as much as will be required for the next nine months, and although it enters into the expenses pf this quarter, it is properly chargeable to a longer period of time. Many other expenditures are greater also during the first than any subsequent quarter, by reason of the necessity of supplying disbursing officers with money under new appropriations which became available on the first of July. For the remaining three-quarters of the current fiscal year it is estimated that the receipts will be— From From From From From From customs sales of public lands internal revenue tax on national banks Pacific railways customs' fines, & c - . . : $111, 000, 000 1, 500, 000 66, 000,000 \ .. 3, 200, 000 300, 000 800, 000 00 00 00 00 00 00 REPORT OF T H E SECRETARY OF T H E TREASURY. From consular, patent, and other fees From sales of public property .' From miscellaneous sources — ^. Total VII $1,300, 000 00 1, 000, 000 00 2, 000, 000 00 187,100, 000 00 For the same period it is estimated that the expenditures will be— For civil expenses ....."....: For foreign intercourse For Indians For pensions For military establishment For naval establishment For.miscellaneous, civil, including public buildings.. For interest on the public debt. Total- ' $15, 250, 000 1,100, 000 6, 500, 000 21, 780, 000 34, 000, 000 18, 000, 000 34, 000, 000 70, 000, 000 00 00 00 00 00 00 00 00 200, 630, 000 00 This will leave a deficiency in the revenues of $13,530,000. ESTIMATES FOR FISCAL YEAR ENDING JUNE 3 0 , 1 8 7 5 . It is estimated that the receipts for the fiscal 3^ear ending June 30, 1875, win be— From customs $180, 000, 000 00 From sales of public lands 2,500, OQO 00 From internal revenue 108, 000, 000 00 From tax on national banks 6,200, 000 00 'From Pacific railways '.,. • 500, 000 00 From customs' fines, &c 1, 500, 000 00 From consular, patent, and other fees..., -. 1, 500, 000 00 From sales of public property . 1, 500, 000 00 From miscellaneous sources 4, 000, 000 00 Total. - 305, 700, 000 00 _ It is estimated that the expenditures for the same period will be— For civil expenses.. - '. ^ -. Forforeign intercourse -! For Indians For pensions For military establishment, including fortifications, river and harbor improvements, and arsenals $19, 500, 000 00 3, 350, 000 00 7, 000, 000 00 30, 480, 000 00 / 50, 000, 000 00 VIII REPORT OF T H E SECRETARY OF T H E TREASURY. For naval establishment, including vessels and machinery and improvements at nav^^ yards $23, 000, 000 00 For miscellaneous, civil, including public buildings, light-houses, and collecting the revenues 54, 067,144 00 For interest on the public debt. 98, 000, 000 00 For interest on Pacific Railway bonds 3, 875, 000,00 For sinking fund.. -: 29, 918, 856 00 Total.. - 319,191, 000 00 The estimates received from, the several Executive Departments are as follows: • Legislative Executive Judicial Foreign intercourse .. Military IsTaval Indians Pensions Public works Postal service • Miscellaneous Permanent Interest on public debt Interest on Pacific Railway bonds Sinking fund. .• - -. :... ^^.. -. \... : ». -. Total $3,961, 405 62 17, 895, 674 90 3,409, 750 00 3,347, 304 00 34, 881, 618 10 19, 251, 935 86 6, 765, 779 61 *30, 480, 000 00 33,168,287 10 6, 811,363 00 10, 704, 381 42 16, 926, 890 49 97, 798, 080 00 3, 877, 410 72 29, 918, 856 00. 319,198, 736 82 The book of estimates, now ready to be laid before Congress, thoroughly prepared under the immediate supervision of Mr. C. F. Conant, chief of the warrant division of the Secretary's ofiice, whose watchful care, industry, and judgment have made it a work of great accuracy, will prove to be of the utmost convenience to committees and members. The several tables which^ form part of this report furnish details of the accounts of the Department. THE REVENUES AND ESTIMATES. On account of the alterations in the tariff laws, effected by the acts of May 1 and June 6,1872, adding tea and coffee and other articles to the free list, and the reduction of duties on other merchandise, as well as REPORT OF THE SECRETARY OF THE TREAST.^RY. , IX by the removal of a considerable amount of internal revenue taxation, the receipts have fallen off for the year ending June 30, 1873, much below those of x:)revious years, as was anticix)ated. Since the close of that year the recent severe financial and commercial crisis has caused an additional and unexpected diminution in the revenues during part of September and the whole of October and ISTovember. But it is gratifying to find that, in this x^eriod of the greatest commercial embarrassment, the receipts in coin from customs have been greater than the proportionate amount required for the same period to meet the interest on the xiublic debt and all other expenditures which are payable in coin. For the remainder of the year the currency payments will be much larger than the ordinary currency receipts without the sale of gold. The revenues have already fallen off sufficiently to make it important and necessary to exercise the greatest economy in appropriations and expenditures for the future. And should there not be a revival of business at an early day, and an increase in the receipts over those of the x^ast two and a half months, additional means will be required to meet exxienses. Should such be the case, I recommend additional taxation, judiciously laid, so as to be the least burdensome ux^on the people and the business of the country, rather than a resort to borrowing money and increasing the public debt. In the estimates for the next nine months, as well as for the next fiscal year, the x)robable effect of the financial and business derangement has been somewhat taken into account; but, as it is yet too early to determine its full effect upon the future revenues, or to estimate when and to what extent they will be restored to their former amounts, these estimates are subject to future contingencies, which*, during the next few months. Congress will be better able to take into account and to judge of than it is possible to do at this time. , In any event, I earnestly commend ever}^ reduction in the approxiriations which may be found xiossible, to the end that the economy which the x^eox^le, suffering under the xiresent embarrassment in business, are everywhere disposed to make, may be shared and encouraged by the Government through their public servants. REFUNDING THE PUBLIC DEBT. Under arrangements made by my immediate predecessor in January last, the refunding of the public debt has been successfully continued, and is still x3rogressing in x)recisely the same manner as previous X REPORT OF T H E SECRETARY OF T H E TREASURY. negotiations were conducted. Subscriptions have been made to the new five per cent, funded loan to the extent of eighty-four and a half million dollars, and the proceeds are applied, as fast as subscriptions mature, to the. redemx^tion of an equal aimount of five-twenty bonds bearing six per cent, interest. In addition to that amount, the fifteen and a half million (-ollars received from Great Britain in payment of the Geneva award, under the first article of the Treaty of Washington, have been used to redeem so far the outstanding public debt bearing six per cent, interest, and an amount equal to the debt so redeemed has been invested in five per cent, bond's of the funded loan, and a registered bond therefor has been issued to the Secretary of State, in trust, to be held subject to the future disposition of Congress, according to the provisions of the act of March 3, 1873. When the subscriptions above mentioned shall have matured there will have been thus effected since January last a conversion of the debt bearing six per cent, interest into the new five per cent, loan., one hundred million dollars, making an annual saving of interest to the amount of one million dollars. And the whole amount converted into this loan since the passage of the refunding ac.t will be three hundred million dollars, reducing the annual interest charge three million dollars. The credit of the United States has not stood higher since the close of the rebellion than it does at the present time, and it is believed that the refuriding of the six per cent, debt at a lower rate of interest can be still further continued. LOAN OF 1 8 5 8 . Under the provisions of the act of June 14, 1858, as amended by the act of March 3, 1859, (chap. 82, sec. 6,) the then Secretary o f t h e Treasur}^ contracted a loan of twentj^ million dollars, for part of which registered bonds were issued '^ redeemable atthe pleasure of the United States at any time after the expiration of fifteen years after the 1st of January, 1859;" and for the balance, and much larger xoart, coupon bonds Avere issued '-payable at any time after the 1st day of January, 1874, on presentation and surrender of the certificate at the Treasury of the United States." I t will be perceived that the two classes of bonds differ materially in phraseology as to the option of payment after January 1,1874, but I am unable to discover, either from the act itself or from the records of the Department, that any difference in the contracts was intended, and REPORT OF T H E SECRETARY OF T H E TREASURY. XI it is presumed that the variation in language of the two classes of bonds Svas wholly accidental. Since the passage of the act of June 30, 1864, authorizing the Secretary of the Treasury to issue registered bonds of any loan in exchange/or coux^on bonds of the same loan, the coupon bonds of this loan to the amount of about four million dollars haye been exchanged into the registered bonds, and the amount of each class now outstanding is $6,255,000 registered, and $13,745,000 coupon. It is understood that some holders of the coupon bonds have regarded them as payable on the first of January next or at any time after that date, at their option. Applications have been made to the Department for the privilege of exchainging coupon bonds for five per cent, bonds of the funded loan, which exchange the Secretary of the Treasury has now no authority to x^ermit. 1^0 apxiroxiriation has been made, either in the act authorizing the loan or in any subsequent act, for the payment of the principal, and no provision of law exists for determining the pleasure of the United States as to the time of payment of either class of bonds. The attention of Congress is thus called to this loan with the recommendation that such action in relation thereto may be taken, before the 1st day of January next, as Congress may deem, wise and just. THE BANKS, THE FINANCIAL CRISIS, AND THE CURRENCY. The prevailing xiractice, not only of national banks, but of State banks and x^i'ivate bankers, of paying interest on deposits attracts currency from all parts of the country to the large cities, and especially to Kew York, the great financial centre. At seasons of the year when there is comxiaratively little use for currency elsewhere, immense balances accumulate in ISTew York, where, not being required by the demands of legitimate ahd ordinary business, they are loaned on call at a higher rate of interest than that paid to depositors and are used in speculation. Every year, at the season when the demand sets in from the West and South for currency to be used in payment for and transportation of, their agricultural products, there occurs a stringency in the money market arising from the calling in of such loans to meet this demand. Until this year, though annually creating some embarrassment, this demand has been met without serious difficult}^ During the past summer, anticipating the usual autumn stringency, the Treasury Department sold gold while the inarket price was high, currency abundant, and bonds for sale in the market were scarce, XII REPORT OF T H E SECRETARY OF T H E TREASURY. and vi^hile there was a surplus of gold in the Treasury, and thereby accumulated about fourteen million dollars of currency with the view of using the same or such part thereof as might be necessary in the XDurchase of bonds 'for the sinking fund at times during the autumn and winter when they could be bought at a price not above par in gold, or in meeting demands upon the Treasury^ as circumstances should require. This year there was a great demand for currency to pay for the heavy crops of a bountiful harvest, for which the European countries offered a ready market. The suspension of certain large banking houses, the first of which occurred on the 18th day of Seiitember, alarmed the people as to the safet}^ of banks aud banking institutions in general. Suddenly there began a raxiid calling in of demand loans and a very general run on the banks for the withdrawal of dexiosits. Entire confidence was manifested in United States notes and even in national-bank notes, and they were drawn wherever they could be obtained and were largely hoarded with as much avidity as coin was ever hoarded in times, of financial distress when that was the circulating medium of the country. The banks found themselves unable to meet the demands ux')on them, currencj^ in circulation became exceedingly scarce, and the business of the'COUDtry became greatly embarrassed. In this condition of things, great pressure was brought to bear upon the Treasury Department to afford relief by the issue of United States notes. The first application came from a number of gentlemen in I^ew York, suggesting that no measure of relief would be adequate that did not place at the service of the banks of that city twenty millions of dollars in United States notes, and asking that the assistant treasurer at New York should be authorized to issue to those banks that amount of notes as a loan upon a pledge of clearing-house certificates secured by ample collaterals, and for which certificates all the banks were to be jointly and severally responsible. This proposition was declined, it being clearly not Avithin the duty or the authority of the Treasury Department, under any iirovisions of law, thus to employ the public money. Exchange on Europe having fallen to unusually low rates, and indeed having become almost unsaleable in the market, to the embarrassment of our foreign and domestic'trade, applications were made to the Secretary of the Treasury to use the money in the Treasury in the purchase of exchange. The Treasury Department having no occasion to do this for its own use, and no necessity for transferring funds to Europe, was compelled to decline this proposition, which, if accepted. REPORT OF THE SECRETARY OF THE TREASURY. XIII would have x^ut the Dexiartment in the xiosition of becoming a dealer in exchange, a position clearly inconsistent with its duties. Subsequently the J^ew York Produce Exchange made a proposition to accomx^lish the same result in a different form, and also requested, as others had before, that.tlie Secretary should pay at once the twentymillion loan of 1858, to which the following reply was made: TREASURY DEPARTMENT, Washington, September 30, 1873. S I R : Your letter of the 29th inst., covering two resolutions of.the IsTew York Produce Exchange, has been received and the subject-matter fully considered. ^ The resolutions are as^ follows: ' ^ W H E R E A S the critical condition of the commercial interests of the country requires,immediate relief by the removal-of the block in negotiating foreign exchange; therefore be it ^'Besolved, That we respectfully suggest to the Secretary of the Treasury the following x)lans for relief in this extraordinary emergency: ''First. That currency be immediately issued to banks or bankers, upon satisfactory evidence that gold has been placed upon special deposit in the Bank of-England, by their correspondents in London, to the credit of the United States, to be used solely in xiurchasing commercial bills of exchange. ''Second. That the President of the United States and the Secretary of the Treasury are respectfully requested to order the immediate preX^ayment of the outstanding loan of the United States due January 1, 1874." . . . • While the Government is desirous of doing all in its power to relieve the present unsettled condition of business ailairs—as has alreadj^ been announced by the President—it is constrained, in all its acts, to keep within the letter and spirit qf the laws, which the officers of the Government are sworn to suxDx^ort, and theycannot go beyond the authority which Congress has conferred upon them. Your first resolution presents difficulties which cannot be overcome. It is not suxiposed that you desire to exchange coin in England for United States notes in New York at x)ar. If your proposition is for the Government to xiurchase gold iu England, to be paid for in United States notes at the current market rate in IsTew York, it would involve the Government in the business qf importing and speculating in gold, since the Treasury has no use for coin beyond its ordinary receipts, and would be obliged to sell the coin so X3urchased at a price greater or less than was x)aid for it. If your object is to induce the Treasury Department to loan United States notes to banks in New York ux^on the x^ledge and deposit in London of gold, it is asking the Secretary of the Treasury to loan the money of the United States upon collateral security for which there is no authority in law. If the Secretary of the Treasury can loan notes upon a pledge of coin he can loan them upon a pledge of other property in his discretion, as he has recently been requested to do, which would be an extraordinary power as well as a most dangerous business to engage in, and which my judgment would deter me from undertaking, as the Secretary of the Treasury, even if by any stretch of construction I might not find it absolutely prohibited by law. The objections already XIV R E P O R T OF T H E SECRETARY OF. T H E TREASURY. mentioned to your first resolution axe so insuperable and conclusive that it is unnecessary for me to refer to the many practical difficulties which would arise if an attempt should be made to comply with your request. Your second resolution calls for the' payment at once of the loan of 1858, or the bonds commonly called ''Fives of 1874." Upon a thorough investigation I am of opinion that Congress has not conferred upon the Secretary of the Treasury power to comply with your request in that particular, and in this opinion the law officers of the Government concur. Under these circumstances you will perceive that, while I have great resxiect for the gentlemen comprising the New York Produce Exchange, I am. compelled, b}^ my views of the law and of my duty, to respectfully decline to adopt the measure which your resolutions propose. I have the honor to be, very respectfully, W M . A . RICHARDSON, • Secretary of the Treasury. TheChainber of Commerce of Charleston, South Carolina, xietitioned for the transfer of currency to that city, and the X3urchase with it, at that xioint, of exchange on New York, to aid those engaged in forwarding the cotton crop to the market. The folloAA^ing letter was sent in answer to this petition: \ TREASURY D E P A R T M E N T , Octoher 3, 1873. SAMUEL Y . TuppER,'Esq., President Chamber of Commerce, Charleston, S. C.: I have the honor to acknowledge the receix^t of the memorial of the Charleston, South Carolina, Chamber of Commerce, addressed to the President ofthe United States, and referred to this Department, which, . after reciting the present stringency in the -money market and the difficulty of obtaining currency, requests ' ' t h a t the sum of five hundred thousand dollars be xilaced and maintained on deposit Avith the assistant treasurer at Charleston, to be used by him in the purchase of New York exchange from the banks." To comply with the request it w^ould be necessary for the Treasury DexDartment to send currency by exx^ress to Charleston from time to time, and to buy with it exchange on New York in competition with private bankers. Should this request be granted a hundred other xilaces in the country might, with equal propriety, ask for the same relief, and if all such requests were impartially granted, the Dexiartment w^ould find itself engaged in an extensive exchange business, fixing and regulating the rate of exchange between different places in the country, and the public money, raised by taxation only for the purpose of carrying on the Government, would be employed to a very large amount in a business which Congress has not given the Secretary of the Treasury any authority to engage in. With a due regard to the proxier management of the Treasury Department, within the provisious of law, I have felt it to be my duty to decline all similar x)ropositions from other places, and your request must, therefore, receive the same response. I have the honor to be, very respectfully, yours, W M . A . RICHARDSON, Secretary of the Treasury. Rfi:P0RT OF T H E SECRETARY OF T H E TREASURY. XV The Executive Dexiartment of the Government was anxious to do everything in its power, under the law, and with due regard to the XDrotection of the Treasury and the maintenance 6f public credit, to allay the panic and to prevent disaster to the legitimate commercial and industrial interests of the countiy; but it. was found impossible to afford the relief in au}^ of the ma^ny forms in which that relief was asked. It was decided, therefore, to adopt the only practicable course which seemed to be open to it, the purchase of bonds for the sinking fund to such, an extent as the condition ofthe Treasury would allow, and thus release a considerable amount of currency from its vaults. Purchases of bonds were commenced on the morning of the 20th of September, and Avere continued until the 24th, when it became eyident that the amount off'ering for purchase was increasing to an extent beyond the power of the Treasury to accept, and the purchasing was closed after bonds to the amount of about thirteen million dollars had beenjDought, and without the use of any part of the fortj^-four millions of United States notes, generally known as the reserve. It should be stated that in the excitement there were man3^ persons in the city of New York who insisted with great earnestness that it was . the duty of the Executive to disregard any and all laws vvhich stood in the way of affording the relief suggested by them—a x^roposition which indicates the state of feeling and the excitement under which applications were made to the Secretary, of the Treasury to use the X)ublic money, and which, it is scarcely necessary to add, could not be entertained by the officers of the Government to whpm it was addressed. These facts are recited in order to lay before Congress, and place on record in a concise form, exactly what the Treasury Department was asked to do, and what it did. in the late financial crisis. The currency x^aid out of the Treasury for bonds did much to strengthen mau}^ savings bank.s, and to prevent a panic among their, numerous depositors, who began to be alarmed, and had there developed an extended run ux3on those useful institutions, it would inevitably have caused widespread disaster and distress. It also fortified other banks, and checked the general alarm to some extent. But the loss of confidence in the value of a great amount of corporate property which immediately followed the failure of banking houses connected with largely-indebted corporations, the distrust of the solvency of many other institutions, the doubt as to the credit of firms and individuals whose business was supposed to be greatly extended, and the legitimate effect thereof in disturbing the business of the country, XVI REPORT OF THE SECRETARY OF THE TREASURY. could not be avoided by any amount of currenc^^ which might be added to the circulation alread}^ existing. Confidence was to be entirely restored only b}^ the slow and cautious process of gaining a better knowledge of true values and making investments accordingly, and by conducting business on a firmer basis, with less inflation and more regard to real soundness and intrinsic values. There can be no doubt that the practice by banks of allowing interest on deposits payable on demand is xDernicious, and fraught with danger and embarrassment to borrower and lender, as well as to the general business interests. Deposits x^a^"^"^^le on demand should be limited to that surplus which individuals require over and above their investments, and no Xoart of that from Avhich they exxiect an income. Such deposits are comparatively stable in average amount, and constitute a healthy basis for banking purposes within xiroper limits, which prudent bankers know hoAA^ to determine. But if dexDOsit accounts are employed as temx)orary iuA^estments, the interest attracts a large amount of money to those cities AA^here such interest is paid, and Avhere speculation is most active, at seasons Avhen as much x^i^ofit thereon cannot be secured elsewhere. With the first return of activit^Mn legitimate business these temporary iuA'^estments are called in, and jeopardize in their sudden Avithdrawal the whole business of the banks, both affecting the legitimate dex^ositors on the one hand by excitement and distrust, and on the other creating a condition of things in Avhich the borroAvers on call are also unable to respond. The banks have borroAved their money of depositors on call. They have loaned it on call to speculators, Avho by its use have contributed to inflate the x^rices .of the stocks or merchandise Avhich have been the subject of their speculations. The -speculator Avants it to carry the stocks till he can dispose of them without a loss. This he is unable to do in a stringent money market. The banks, their depositors, and the borroAvers, all Avant it at the same time, and of course a stringency is dcA^eloped AA^hich sx^reads distress throughout the country. . The system creates immense amount of debts payable on demand, all of which thus suddenly and unexpectedl}^ mature at the first shock of financial or commercial embarrassment in the countiy^, and at the very time when most needed by debtors and when they are least able to respond., There is no safety for corporations or individuals whose capital employed is wholly or mostly borrowed on call. Many savings banks REPORT OF THE SECRETARY OF THE TREASURY, XA^II were protected from ruin in the reeent financial excitement by availing themseh^es of proAnsions in their rules requiring sixty days or other X^eriods of notice before xiaying depositors, thus making all their deposits payable on time. Every cautious and Avell-managed, savings institution has such a rule among its^ by-laAvs. Without attributing- the stringency in the money market, which is ., experienced ever^^^- autumn and occasionally at other seasons of the year, solely to this X3ractice of paying interest upon deposits in the large cities, it is evident that, when money is less needed in legitimate business, the xiractice encourages OA^ertrading and speculation, ahvays detrimental to the best interests of the country, and the bad effects of Avhich upon those interests become more apparent, and the disaster more widespread, w4ien the necessary contraction begins to be felt. I recommend that national banks be prevented from paying interest on deposits, or that they be restricted and limited therein, either by .direct prohibition, by discriminating taxation, or otherAvise. While legislation, by Cougress cannot prevent State banks and private bankers from continuing the xiractice, it can prevent national banks from becoming involved in, and instrunrental in producing, the embarrassments and difficulties to which it necessarily leads. The national banks, organized by law of Congress and having relations A\ith the Government in. the issue of circulating notes, ought to be the most cautious and safe banking institutions ofthe country, and • should be kept aloof from all hazardous business which it is not Xiossible to prevent sanguine, venturesome, and speculative indiA^iduals from engaging in, at the risk of their cax3ital and their credit. With a fixed amount of circulation of bank notes and of United States legal-tender notes not redeemable in coin, and with gold above par in currency, thiere must be each year times of redundancy and times of scarcity of currency, depending wholly on the demand, no method ex- > isting for increasing the sux3X3ly. \ With a circulating medium redeemable in coin, a redundancy is corrected by the export, and a scarcity by the import of specie from other countries. There is a prevailing sentiment that more elasticity should bd given to the volume of the currency, so that the aniount in circulation might increase and diminish according to the necessities of the business of the country. But the difference of ox3inion on this subject is so great, and the real difficulties attending its solution are so numerous, that, without discussing any of the multitude of plans which have been presented to the public through the X)r6ss and otherwise, I earnestly com' 2 SR XVIII REPORT OF THE SECRETARY OF THE TREASURY. mend to the wisdom of Congress a.careful and thorough consideration of this important subject, rendered more obAdously important by the present embarrassed condition of large business interests which have suffered by the i'ecent financial crisis; and that, in such inquiry^ avoiding further inflation of the issue of irredeemable legal-tender notes, the most desirable of all financial results to be attained, namely, a X3ermanent return to the sound basis of specie payments, and a gold standard to which all our X3ax3er issues shall be made of equal A^alue, shall be the aim. To allow national banks to use part of their reserves at seasons of the greatest pressure, under proper restrictions and regulations, would afford some flexibility. Rigid statute laws applied to all banks, at all seasons, and in all places alike, often x3rove an embarrassment and injury when they conflict AA^ith economic principles and the laws of trade and business, which are stronger than legislative enactments, and cannot be OA^erthroAvn thereby. Associated banks at the several redemption cities named in the banking law, Avhich are the great controlling centres of business, might do inueh to give steadiness and safety, if they were authorized, through properly constituted boards or committees of their own officers, to exercise a large discretion in the use of their reserves, in the rate of interest to be charged at different seasons and under . different circumstances, and in other matters, within liinits prescribed by law. • Should it be deemed necessary or expedient to temporarily enlarge the x3aper-money circulation in cases of great emergency, xDi'Ovision inay be made to permit the national banks, under certain circumstances and to a limited extent, to increase their note circulation by a pledge of United States bonds, bearing no interest while so pledged, or subjecting the banks to special taxation upon the circulating ndtes obtained thereon, or upon such other terms that it Avould be for their interest to recall the notes and redeem the bonds at the earliest x3ossible day after the pressure and their necessities should haA^e ceased. But any large augmentation of the issue of United States legaltender notes in time of X3eace would not only be a departure from that "declaration of public policy and X3ledge of the X3ublic faith to the national creditors," made in the act of June 30, 1864, that the total amount of such notes shall never exceed four hundred million dollars, as well as from that more solemn x^ledge contained in the first act of the Forty-first Congress, "to make provision at the earliest xiracticable X3eriod for the redemx3tion of United States notes in coin," but would REPORT OF T H E SECRETARY OF T H E TREASURY. XIX postpone the day of specie payments and render it more difficult to attain in the distant future, unsettle confidence in our national finances, and be a serious detriment to public credit at home and abroad. . There can be no doubt that during the eight years since the rebellion there has been a growing desire among the people to restore the paper circulation to a specie standard, and that any stex3S taken tp accomXilish that object wiU be received with general favor. It is not possible to resume and maintain sx3ecie payments with so • large an amount of notes in circulation, and so small an amount of gold in the country. The volume of currency must be reduced or that of coin greatly increased. Should the national banks be prohibited from selling the coin received by them as interest upon bonds pledged to secure circulation, retaining the same in Avhole or in part in reserve, or loaning it in the discount of bills and notes payable in coin, as Congress might prescribe, there would be a gradual accumulation of gold in the banks, which would do something towards preparing for resumptiouo This, with a constant increase of coin in the Treasury, undertaken, with the approval of Congress, Avould ere:, long lead to the desired result, when other conditions required for the maintenance of specie payments should become favorable. The acts of Congress of February 25, 1862, July 11, 1862, and March 3, 1863, together authorize the issue of four hundred million dollars of United States notes, in addition to fifty million dollars of such notes reserved for the purpose of securing x^rompt xiayment of temporaryloan deposits, and the act of June 30, 1864, contains these, words: "nor shall the total amount of United States notes issued, or to be issued, evei? exceed four hundred millions of dollars, and such additional sum not exceeding fifty millions of dollars, as may be temporarily required for the redemption of temporary loan." The temporary loans referred to in the foregoing acts having been redeem.ed, the maximum amount of United States notes which, under existing laws, can now or hereafter be issued, is four hundred million dollars. Between the 31st of August, 1865, when the amount of United States notes outstanding was at its highest point, and the 4th of February, 1868, there was a gradual contraction of the amount in. actual circulation, limited by' the act of February 12,1866, to not more than ten million dollars within the then next six months, and thereafter not more than four million dollars in any one month. On the 4th of February, 1868, Congress passed an iact suspending further reduction of the currency, when the amount outstanding was three hundred and fifty-six XX REPORT OF T H E SECRETARY OF T H E TREASURY. million dollars, and that sum is HOAV the minimum limit df issue. But the law authorizing the issue of the maximum of four hundred million dollars has never been repealed, and has uniformly been held by the Treasury Department and the laAv officers thereof to be in full force. In view of the uncertainty which exists in public sentiment as to the right of the Secretary of the Treasury to issue United States notes in excess of the minimum,- and the conflict of ox3inion as to the policy of doing so, conceding that he has that right under the law, I resxiectfully recommend that Congress shall set these questions at rest by a distinct enactment. Until that is done, whenever there is a stringency in the money market there will continue to be.a pressure upon the Treasury Department, by those who favor a X3olicy of exx3ansion, to increase the issue of notes to the maximum, by the purchase of bonds or otherwise; while, on the other hand, those who conceive that the public interests will be better served thereby will bring equal pressure to keep the issue down to the minimum. Assuming that it is the settled policy of Congress, as declared in the act of June 30, 1864, above cited, that the tot.al amount of United States notes, issued and to be issued, shall never exceed four hundred million dollars, I am of oxiinion that it would be uuAvise to require the amount in actual circulation to be kept up to the maximum or to any amount above the present minimum. The Treasury", dex3ending princix3ally upon the receix3ts from customs and internal taxation, without the power of borrowing or otherwise increasing its resources, with liabilities created by congressional ax3X3ropriations which must be met in currency to the extent of nearly two hundred million dollars a year, ought always to have a large reserve upon Avhich it can draw to meet the ordinary demands upon it in case of emergencies, when the .revenues suddenly, and unexpectedly diminish by reason of a national calamity or financial derangement, which from time to time are liable to occur in all nations. Such a reserve is also rendered necessary by the fact that the fractional currency authorized to be issued to the amount of fifty million dollars, UOAV in actual circulation to the extent of more than forty million dollars, is redeemable ih United States notes at the option of. the holders. . In order that there may be no ^misunderstanding as to the circumstances under which the amount between the minimum and the maximum may be issued, and, that it may not be issued for the purx30se of inflating the x^^P^i' currency of the country, I recommend that it be REPORT OF T H E SECRETARY Oh' T H E TREASURY. XXI declared a reserve to be issued temporarily when the ordinary demands upon the Treasury shall require it, and in payment of such demands and for the redemption of fractional .currency, the amount so issued to be returned to the reserve as soon as the cdndition of the Treasury shall warrant it, and that the purchase of bonds shall be forbidden so long as the outstanding United States notes shall exceed the minimum fixed by the act of February 4, 1868. I believe that such a reserve, so restricted, would be a xii'oper and reasonable x3rotectioh against any contingencies whereby the revenues of the country might temporarily be diminished, and. Avould give no reasonable cause to fear permanent inflation. As it ought not to be the business of the Treasury Department to increase and diminish the amount of legal-tender notes from time to time, according to the condition of the money market, and for the sole purpose of affecting that market, I think it Avould be unwise to authorize the reserve to be issued excex3t for the purposes and in the manner which I have suggested. NATIONAL BANK NOTES. In the general appropriation act for the fiscal year ending June 30, 1874, the following special appropriation is made, in addition to the usual annual appropriation for making and issuing the national currency : " F o r replacing the worn and mutilated circulating notes of national banking associations, and for engraAdng and preparing, in such manner and on such paper and of such form and design as the Secretary of the Treasury may prescribe, new circulating notes for such associations to rejilace notes of a design and denomination now successfully counterfeited, six hundred thousand dollars: Provided, That each of said national banking associations shall reimburse the Treasury the costs of the circulating notes furnished under this iirovision." The operation of this clause must be very limited without further legislation. The making of new plates and replacing notes seem to be restricted to those of denominations which have been successfully counterfeited, and it is found that the only one that can be thus considered is the ten-dollar note, although the tAvo and the twenty-dollar notes have been counterfeited to some extent. A plate has been made for the ten-dollar note, but as the proviso in this clause requires banking associations to reimbiHse the Treasury for the cost thereof, feAA^ banks are inclined to order them while they can continue to haA^e notes of other denominations printed from.the old plates without cost to themselA^es, under the provisions ofthe general banking law. XXII REPORT OF THE SECRETARY OF THE TREASURY. I recommend that the x3roA^iso in the clause aboA^e cited be repealed, or that banks be required to pay for all new notes furnished them, whether printed from new or old plates. The soiled and mutilated condition of the circulating notes of national banks now in use makes it a matter of necessity that something should be done^to redeem the same and to supply their places Avith new currency, to the end that all the notes, which the peox3le are obliged to« take ahd use as money may be clean and whole. Several methods to accomplish this result haA^^e been carefuUy considered, but no X3lan seems to be feasible without the active co-ox3eration of the banks themselves, assisted by such congressional enactments, as may be required for that purpose, which are earnestly recommended. EXPORTS AND IMPORTS. During the fiscal year ending June 30) 1873, the value of merchandise imported into the United States was $642,029,539, as against $626,595,077 for the previous year. An analysis shows an increase in' the imports of merchandise admitted duty free, in raw materials and in some articles of necessity, while in some articles of luxury there, was a reduction. The increase in the imxiortation of coffee was $6,164,339, and in tea, $1,522,519, in addition to the amounts in. bond July i, 1872, and Avhich were withdraA\^n therefrom during the year. Coffee was so Avithdrawn for consumx3tion to the A^alue of $16,901,126, and tea to the value of $18,024,2lt. There was an increase, also, in the importation of copper and copper manufactures of $1,818,488; soda and salts, $1,719,408; tin in plates, $2,681,222; hides and skins, $1,427,784; furskins, $188,170; melado, $2,656,138; wood and manufactures thereof, $2,141,766; eartheuAvare, $745,140; manufactures of cotton, $9,893,870. There was a decrease in silk, goods, $5,723,582; x^recious stones, $.182,905; fruits, $713,203; fancy goods, $278,577; fine linen, laces, and other manufactures of flax, $1,054,115; as Avell as in some articles of a different class, such as barley, $440,626; ox3ium and extracts thereof, $128,839; leather • and leather goods, $1,829,917; wool, $8,105,114. The gold value of the exports of merchandise from the United States was,$522,478,892, as against $444,177,586 for the prcAdous year. There was an increase in certain articles exported as follows, the ,A^alue being stated in currency: Cotton, $47,201,672; "wheat, $12,537,194; wheat, flour, $1,425,980; bacon and hams, $13,895,545; pork, $884,727; lard, $1,068,196; cheese. R E P O R T OF T H E SECRETARY OF T H E TREASURY. XXIII $2,745,092; oils, $7,256,514; wood and manufactures thereoi, $3,878,930; manufactures of iron, $2,372,725; coal, $952,449; drugs and chemicals,. $575,050; hides and skins, $2,159,845; furs and fur-skins, $382,545; leather and leather goods, $1,621,465; in liA^e animals, $259,731. The export of gold and silver in excess of the imports was. $63,127,637, as against $66,133,845 for the previous year. The balance of trade in merchandise has been largely against the United States for many years, and the country has exx3orted during the twenty years ending Avith the last fiscal year gold a;nd silver to the. 'extent of inore than a thousand million dollars OA^er and above the ;amount imx3orted. . For some months x^ast, and esx3ecially in the months of October and. November, the export trade in merchandise has greatly increased, and, owing to the disturbance of financial affairs and other causes, the importation of goods has largely diminished, so that the balance of trade a t present is in favor of the United States; and gold and silver have flowed into the country during thex^ast two months at a rate more rapid than ever before, except in the year 1861, when, for the whole year, the excess of imx3orts over exx3orts was $16,548,531; and for the past twenty years there has been no other single year in which there has. been an excess of imx3orts of gold and silver over the exports. The condition of the carrying trade with foreign countries, though exhibiting a large adverse balance, shows. some slight gains, AAith X3rospects of still further improvement. Of the exx3orts and imports during the x^^st year, twenty-seven per cent. were» carried in United States vessels—a gain of three per cent, over the previous year. The increase in shix3-building in the country is decided. Official numbers were awarded by the Bureau of Statistics to 1,699 A^essels of the aggregate tonnage of 313,743 tons, while, during the year preceding, the addition to our mercantile marine was only 38,621 tons.. iSince the close of the fiscal year still greater activit}^ has prcA^ailed in the ship-yards on the Atlantic seaboard. From the 1st of July to the 1st of November documents have been issued to 1,288 completed vessels of 181,000 tons in all, while such returns as have been received, incomplete as they are, indicate that there were building in October last 386 vessels of the tonnage of 177,529 tons; including 69 steamers with a tonnage of 67,007 tons, of which 18 iron steamers with an ;aggreci^ate of 38,492 tons are in course of construction on the DelaAvare. • In view, of the high price of iron and coal and the recent advance in. the cost of labor in Europe, together with the superior tensile strength . of American shix3-plates, as proved by actual exxieriments, there is XXIV R E P O R T OF T H E SECRETARY OF T H E TREASURY. reasonable encouragement to expect that this branch of industry will make rapid strides of progress, to the great adA^antage of the commerce, trade, and financial strength of the country. The following table shows the amount of merchandise imported or taken out of .bond a t t h e xilaces therein named since the xiassage of the act of June 6, 1872, authorizing the imxiortation free of duty of certain articles actually used for ship-building: Value. Duties remitted. Duties estimated. Duties to be collected. Sl73,626 00 139,•246 00 $36,992 00 37,546 86 $10,347 06 Philadelphia........ 2, 768 00 , 15,403 00 Portland.. "Bath 56, 666 00 894 48 4,687 67 4,743 92 , $1, 306 13 Duties remitted, but vessel engaged in coasting trade more than three months in one year, hence duties accrued. 387,709 00 Total Duties estimated.. 84, 864 93 10,347 06 Port. New Yoi'k Boston 10,347 06 1,306 13 Vessels .Vessels built. repaired. 2 4 •47 17 1 2 28 50 95,211 99 Nothing, except a sound financial system, is more important to the* welfare of the country than that of turning and retaining the balance of trade in favor of the United States, by a healthy stimulation of the agricultural and manufacturing industry of the country, the reduction; in the cost of production at home, and of the transportation of merchandise from the interior to the seaboard, and the building of ships and vessels to do the carrying trade, now mostly in the hands of the people of other countries; and no legislation should be neglected which may assist the industrious people of our country in attaining those most desirable results. With the balance of trade in favor of the United States a return tospecie payments may be easily reached, and, Avhen reached, may be maintained if such wise financial measures are adox3ted as will prcA^ent overtrading, extraA^agance, and speculation, and encourage economyy, industry, thrift, and only well-directed and prudent enterprises—conditions as essential to the prosperity of nations as td individuals. The attention of'Congress is iuAdted to the necessity of a revision and codification of existing tariff laws. Duties on imports are UOAV imI)Osed under fourteen principal statutes relating to classification and rates, besides twenty other acts or resolutions modifying or affecting^ tariff' acts, all passed betw^een March 1, 1861, and March. 4, 1873, to which must be added the A^ery numerous customs rcA^enue laws enacted prior to March, 1861, and remaining either wholly or partially in force» REPORT OF T H E SECRETARY OF THE TREASURY. XXV Under these various enactments, questions relating to the x3roper assessment of duties cdnstantly arise. There is often a direct conflict between different statutes, and occasionally between two or more x3rovisions of the same statute, while single provisions are frequently held to embrace different meanings. These differences can be settled only by arbitrary interpretations or by adjudications in court. As a necessary consequence, x3rotests against the paj^ment of duties exacted by collectors of customs and appeals to this Department, based on such protests, are of daily occurrence, while suits brought by the Government to collect unpaid duties, or by individuals to recoA^er back duties paid, croAvd the calendars of our courts. The number of statutory appeals to the Secretary of the Treasury on tariff questions during the last fiscal year was four thousand seven hundred and thirty-one, exclusiA'C of miscellaneous cases or applica-, tions for relief, numbering five thousand and sixty-five. The onerous duties imposed upon the Department, the A^exatious delays to individuals, and the expense of litigation to all concerned, resulting from this state of affairs, are obvious. The following remedies are suggested for adoption, in a general revision of the tariff laws: First. The abandonment of distinctions based upon commercial usage. In other words, the material of which an article is composed instead of its commercial designation, where a particular material forms the sole or chief element of value, should control its classification, and the I'ate of duty consequently imposed, whether ad valorem or specific. Second. The abandonment of "charges and commissions" as^ an element of dutiable value. The revenue from this source' while uncertain and comparatively trifling in amount, is a -fruitful source of embarrassment and complaint in the liquidation of duties. Its continued exaction is therefore not desirable. Third. The repeal of all x^rovisions of law for what are commonly known as "damage allow^ances," or .proportionate abatements of duties on merchandise injured during the voyage of importation. These vary at different ports, exceeding at some by ten or fifteen x^er cent, those made at others in like cases. In many instances the extent of damage can be only approximately determined, while in others there is room to suspect fraudulent X3ractices, and, in all, the operation df the system is unfavorable to the honest importer as well as to the Government. I therefore recommend its entire abolition—a measure which would X3lace all importers on an equality in this respect,. Avhile there would result to them only the extra expense of insurance on the duties, in addition to that upon the foreign cost of the goods. XXVI R E P O R T OF T H E SECRETARY OF T H E TREASURY. Many articles upon which duties are now levied, and which do not come in comx3etition with those of the manufacture or production of this country, are imported in such small quantities that the duties collected thereon are insignificant and do not compensate for the cost of collection. . I suggest that all such articles be added to the free list. The fees prescribed by law for services ux3on the northern frontier connected with the execution of the laws relating to naAagation and the collection of the revenue from customs are different from those ux3on the coast, and it is questionable whether such difference does not constitute a Aaolation of the constitutional provision prohibiting the giving of a preference by any regulation of commerce or revenue to the x^orts of oue State over those of another; and a revision and equalization of such fees are recommended. A tonnage'tax is nowlcA^ed on all American sailing vessels engaged in the foreign trade, and on all sailing vessels of other nationalities. I t is not imposed upon American vessels engaged in the coasting trade. Steamships of foreign nationality, in some cases, are subject to the tonnage t a x ; in others, they are exempt by old treaty stipulations only recently carried into effect. But all American steam-vessels arriving Irom foreign countries are subject to the tax. In consideration of the fact that this tax was entirely abolished on all vessels for more than thirty years and only resorted to as a war measure in 1862, and that those engaged in the coasting trade Avere again relieved from this burden by recent enactments, I recommend that this tax be wholly abolished. The Dep'artment has found difficulty in the administration of the act of February 18, 1793, relating^to the enrolment and license of vessels, with reference to its application to.canal-boats and similar craft designed to be chiefly emx3loyed on the internal waters of States. From a period immediately subsequent to the passage of the act down to a comparatively recent date, the Department uniformly held that such boats, exceedingfiA^etons burden, were liable to be enrolled and licensed. During the term of my immediate x^r^decessor the question was thoroughly considered, and the liability to enrolment and license was held to attach to this class of vessels only when they emerged from the internal Avaters of a State into the navigable waters of the United States. But even this modified vicAV of their liability has been contested on the ground that such boats are not included in the proAasionS of the enrolment act. The growth of inland commerce and the necessities of trade have, of late years, led not only to a large increase in the number of canalboats, but also to their more frequent egress into naAdgable waters. REPORT OF THE SECRETARY OF THE TREASURY. XXVII Hence it becomes more and more for the interest of the numerous OA^mers of this species of prox3erty to claim entire exemption from the burdens imposed by the coasting laws, or incidental to an enforcement thereof Avhile the Department has no ox3tion but to administer the law. I t is, therefore, important that the status of this class of vessels should be definitely fixed by such legislation as the case requires. Rivers and harbors which have been dredged by the Government at great exx3ense are often made the receptacle of ballast thrown from vessels, by which the channels become filled and navigation imx3eded. There is much necessity for a law to prevent this practice, making it a X3enal offence to deposit, in such channels or harbors, ballast or other matter by Avhich their value as such is lessened. The general regulations of this Department, issued in 1857, and partially revised in 1868-'69, having become to some extent obsolete, and in many respects deficient, have been comx3letely revised and adapted to existing laws, speciahpains being taken to make the arrangement of topics convenient, and the text of the regulations simple, comprehensive, and concise. It is believed that this revision, an edition of which will be issued at an early date, will materially aid customs and other officers in the performance of their duties. v REORG-ANIZATION OF CUSTOMS DISTRICTS. I invite the attention of Congress to the proprietj^ of reorganizing the customs collection districts on the Atlantic coast, seventy-nine in number. The establishment of many of these districts dates back to a x3eriod when the conditions determining their importance, relative to the commerce of the country, were entirely different from those existing at thexiresent time. In some, the expenses of collecting the revenue exceed the amount collected, and the consolidation of such districts Avith others may be advisable. At the same time, it must be remembered, that the effective administration of the revenue system often requires the services of customs officers at points where few or no duties are collected. The judicious disposition of a force for the X3reA^ention of smuggling is indispensable to the collection of the revenue from imx3drts, esx3ecially where the extent of coast affords ox3X)ortunities for the clandestine introduction of dutiable merchandise. I would therefore suggest such action as may lead to a reduction of the number of districts, and a consequent reduction of exx3enses, without affecting the convenience of importers or the safety of the reA"^enue. XXVIII REPORT OF T H E SECRETARY INTERNAL OF T H E TREASURY. REVENUE. The following statement shows the increase and decrease from each general source df internal revenue for the fiscal years ended June 30, 1872, and June 30,1873, as appears from the report of the Commissioner of Internal Reyenue: ' Sources. Spirits Tobacco Fermented liquors ' Penalties Banks and bankers Adhesive stamps Articles'a'nd occupations .formerly taxed but now exempt.. Total.. Increase. S2,623, 855 42 650,132 57 1,066,439 38 19,447 94 % 359,875 31 Decrease. $857,197 68 8,474,943 75 12,723,224 53 22, 055, 365 96 It Avill be seen that there has been an increase in the receipts for taxes on spirits, tobacco, fermented liquors, and from penalties. The decrease in the receipts from banks and bankers is due principally to that provision in the act of June 6, 1872, Avhich raises the exemption of all sums deposited in saAangs banks, &c., in the name of one person, from $500 to $2,000. The repeal of all stamx3 taxes imposed under Schedule B, act of June 30, 1864, except that of two cents on bank checks, drafts, or orders, took effect October 1, 1872, and has caused a falling off from that source. The class of articles and occupations formerly taxed but now entirely exempt includes incomes, gas, and other sources of taxation on lists repealed prior to the act of June 6, 1872, and the receipts from these sources constantly and rapidly diminish. In accordance with the provisions of the act of December 24, 1872, the offices of assessors and assistant assessors of internal revenue have . been abolished, and all their final accounts approved by the Commissioner of Internal RcA^enue and referred to the accounting officers. The number of these officers varied according to the exigencies of the service, being greatest in 1868, when, there Avere three thousand and forty-three, of which two hundred and forty-one were assessors; since Avhicli time the number had, up to the taking effect of the act above referred to, been reduced about one-half. The system of collecting taxes by stamps, and without assessments, has been found to giA'e general satisfaction. Since its axiplication to special taxes they have been collected more promptly and thoroughly, and a more gratifying and healthy increase in the receipts therefrom is apparent. REPORT OF T H E SECRETARY OF T H E TREASURY. XXIX The old assessment lists have been disposed of in a large number of the collection^istricts, and the aggregate amount held as collectible thereon does not exceed. $450,000. REATENUE MARINE AND LIFE-SAVIN.G- SERVICE. A marked imx3rovement has been made during the past year in the Revenue Marine Service. The number of vessels boarded and examined, and the number of those reported for violation of revenue laws, and of those assisted in distress, as well as the number of lives saA^ed through the agency of the revenue cutters, is largely in excess of like service performed during any previous year. The character of the serAdce has been elevated by rigid professional examinations. Ten old vessels have been thoroughly rex3aired and three ncAv ones have been built. There are now employed twenty-eight steamers and six sailing vessels, and these are better adapted to the service required of. them than were the A^essels formerly in use. Three new steam-A^essels are constructing and will go into commissidn next sx3ring. With the addition of a new steamer for the Columbia riA^er and vicinity, i t i s believed that this branch of the service will be in a condition to answer the demands upon it, economically and efficiently, for many years to come. 1 desire to renew the recommendations heretofore submitted to Congress that the navy-x3ension laws be made applicable to the officers and seamen of the Revenue Marine, and that x3rovision be made for a retired list of officers. These measures are demanded to aid in promoting efficiency, and in justice to meritorious officers and seamen whose livfes are spent in the performance of hazardous public service. From the approx3riation of $100,000 "for the establishment of new^ life-saving stations on the coast of the United States," tAventy-one new stations are in process of erection upon the coasts of Maine, New Hampshire, Massachusetts, Yirginia; and North Carolina'. Of these, ten will be ready for occupancy by the first of February next, and the others at a later period in the season. Arrangements are also being made for the establishment of tAvo other stations. No provision of law exists for the two additional superintendents which 'these new stations render necessary, nor for keepers and crews for the same. It is recommended that early authority be giA^en for the employment ot such persons. Although during the past year marine disasters haA^e been unusually numerous, it is gratifying to be able to state, that upon the coasts xxx REPORT OF THE SECRETARY OF THE TREASURY. X3rovided A^dth life-saving stations, which are the most dangerous upon the seaboard, the loss of life and xiroperty has been exceedingly slight. The Avreck reports from the various stations show that since the last annual report of the Secretary of the Treasury, thirty-two vessels haA^e been driven ashore ux3on these coasts by stress of Aveather, A^alued, Avith their cargoes, at $832,230, on which the loss was only about $220,000. • • The number of lives imperilled was two hundred and thirty-five, of which number, but a single life was lost. "^ In accordance Avith the directions of the act of March 3, 1873, measures have been taken to ascertain " a t what points on the sea and lakecoasts of the United States the establishment of life-saving stations Avould best subserve the interests of commerce and humanity," and a report on the subject Avill be transmitted to Congress during the session. For the X3itrpdse of recognizing and encouraging the services of the keepers and crews of the stations, in the x^erformance of the x^erilous duties they are frequently called upon to undertake in rescuing the shix3wrecked, it is recommended that a system of rcAvards be adopted in the shax3e of medals of honor, to be distributed to such of them as may particulaiiiy distinguish themselves by special or notable acts of gallantry or daring, resulting in the rescue of persons from imminent danger. Such rewards might be properly extended CA^^en beyo life-saving service, and bestowed ux3on any others who may have made extraordinary exertions, at their OAVU peril, in saAang life in marine disasters. Similar rewards are bestoAved in foreign countries, where life-saAdng institutions exist, and are considered xirizes worth the. most 'adventurous efforts. .. _ THE COAST 'SURVEY. The important service of the Coast Survey under this Department has been prosecuted with vigor and usefulness. The changeable character of many of our harbors and most frequented coastwise passages calls for constant watchfulness, to maintain the charts and aids to navigation as correct indicators of the actual channels. Work has been prosecuted on portions of the coast heretofore surveyed, and examinations and resurveys have also been made at Boston, New York, Philadelphia, Baltimore, San Francisco, and many other harbors, as well as in the great thoroughfare between Nantucket and Monomoj^ Twenty-fivenew charts are reported as published during the yeai-r. The publication of a "Coast Pilot," or X3rinted sailing directions for harbors and coastAvise navigation, has been commenced, which, with the annual predictions of tides, Avill complete and digest for ready use the information REPORT OF T H E SECRETARY OF T H E TREASURY. .XXXI laid down on the charts. Much interest has been manifested in the extension of the great triangulation lines across the continent; and the sj^stem, steadily pursued-, will in time, at a small annual expense, supx3ly the frame-work for an accurate map of the whole country. LiaHT-HOUSES. I have frequently attended the meetings of the Light-House Board, and have been much impressed with the importance of the work under its control, and the efficiency Avith which it has been conducted. Our Light-House Establishment is now larger than that of any other country in the world, extending with its lights and beacons over more than ten thousand miles of coast and shore, maintaining, at the close of the last fiscal year, five hundred and twenty-due light-houses, thirtyfiA^e powerful signals operated by engines driA^en by steam or hot air, twenty-one light-ships, three hundred and sixty-four day or unlighted beacons, and twenty-eight hundred and thirty-eight budys. During the past summer the Board, with my ax3proval, directed its Engineer Secretary, Major Elliot, of the Corps of Engineers of the Army, to make an inspection of the light-house systems of Europe, with a view df improAdng our own by the introduction of such modifications as haA^e been found useful there. His report has been made, and the practices in other countries Avhich differ from our own will be' duly considered by the Board, with a view to the adoption of such as will render still more efficient the light-house system under its control. At some of>the most important points on the.French and English coasts,.electric and gas light-houses have been placed, and I recommend that the Treasury Department be authorized to make experiments in the same direction, by axiplying to IAVO of our most important stations, on towers already constructed, one electric and one gas light, of most powerful character. MINTS. The Mint Bureau, established by the act of February 12, 1873, was organized on the 1st of Ax3ril, when the coinage act becaine operatiA^e. Doctor H. R. Linderman AA^as appointed director; and, under his able and energetic management, the operations of the mints and assay offices have been efficiently conducted, and a more speedy and systematic rendition of the bullion accounts effected. At the request of the DeX3artment, he has obtained A-aluable information on various technical ahd scientific points connected with the coinage, by which the transaction of business has been greatly facilitated. XXXII REPORT OF T H E SECRETARY OF T H E TREASURY. The coinage during the fiscal year ending June 30, 1873, Avas as folloAvs: Gold coinage.. / '..... $35, 249,.337 50 SilA^er coinage ." 2, 945, 795 50 Minor coinage. 494, 050 00 TotaL .- • 38, 6'89,183 00. During the same period, the value of bars manufactured was as follows: Fine gold $7, 439, 843 78 Unparted gold. ' 8, 485, 602 35 Total gold., 15, 925, 446 13 Fine silver Unparted silver Total silver. Total gold and sih'er bars. $3,149,372 64 , 8, 442, 711 84 11, 592, 084 48 $27, 517, 530 61 The reduction of the coinage charge from one-half to one-fifth of one per cent, has been followed by an increased coinage, and prevented, to a considerable extent, the export of gold bullion—its value for coinage in this country having thereby been brought nearly to its mint value in London, where it is coined without charge. Sonie further advantages would no doubt follow the adoption by this country of the free-coinage system as to gold. I recommend the rex3eal of the charge for coining gold, and also the charge imposed for copper used fbr alloy, as being an incouA-^enient item in estimating the coinage value of gold. With the view to prevent the export of gold coins, authority should be given for keex3in.g in the Treasury, when its condition will admit of the same, a supply of fine gold bars bearing the mint stamp of fineness, weight, and value, and for exchanging such bars for coin. They would alAvays be preferred to coin for exx3ort, and gold coins of full weight would be retained in the country, instead of being selected for export. The repeal or modification of that, part o f t h e coinage act which requires gold coins to be excluded from the benefit of the half per cent, abrasion limit, unless they have been in circulation for certain X3rescribed x3eriods, is recommended, on the ground that in the daily transactions of the custom-houses it cannot be carried into effect. The subsidiary silver coins being manufactured by the Government on its own account, and the seigniorage or difference between the bullion REPORT OF T H E SECRETARY OF T H E TREASURY. XXXIII and nominal value of such coin realized by it, provision should be made for redeeming in kind such pieces as have become unduly worn from long circulation. Thisls done in other countries which, like ours, have adopted the gold standard and demonetized silver. The recent fall in the price of gold, together Avith the depreciation in the market value of silver, as compared with gold, which has been going on for some time, has enabled the Director to coin sih^er, to be paid out instead of United States notes to advantage. Availing himself of this opportunity, the Director caused to be X3urchased as much silver bullion as could be conveniently used in giving employment to the mints, when'not engaged in the more important business of coining gold, and the same was so coined and paid out. During the last fcAv years, our subsidiary silver coins have been sent in considerable amounts to Central and South America, where it is understood they circulate as full-valued coins. It would be better for us to manufacture coin according to standards and values legally prescribed by those countries, than to encourage the export of our ^nhsidiary coin, which is intended for home circulation. In connection Avith this subject, it should be stated, that applications haA^e been received from some of the South Anlerican goAT^ernments to supply them with coins of their own standards. These applications . could not be granted for want of lawful authority. As an act of comity to friendly States who have no facilities for coinage, and for commercial reasons, it is recommended that authority be granted for the execution of coinage of other countries, when it can be done at our mints without interfering Avith home demands for coin. No coinage has been executed at the New Orleans Mint since the year 1861, but the machinery, AvLth inconsiderable exceptions, is still there, and reported to be in good condition. As that section of the • country Avill, at no distant period, require a large supxily of coin, estimates for the amount required, to place the mint in condition for coining operations, and for its sux3port during the next fiscal year, haA^e been submitted, and, it is hoped, will receive the favorable consideration of Congress. Under the x^i*ovisions of the coinage act, depositors receive in stamped bars from assay offices, where refining is not done, the identical bullion deposited by them, and are subjected to heavy discounts in converting the bars into coin or currency. These interior assay? offices would become much more useful to the mining interests, if authority Avere given to the Secretary o f t h e Treasury to issue coin certificates fbr the net A^alue of such bars, 3 s R ^ XXXIV REPORT OF T H E SECRETARY OF T H E TREASURY. MARINE HOSPITALS. The relief operations of the Marine Hospital Service embraced at the close of the last fiscal year ninety-one customs* districts, and shoAved an increase of twelve ^ev cent., as comx3ared with the year preceding, and nearly thirty-seven per cent, since the xiassage of the act of June 30, 1870, under which the service is now administered. Medical and surgical attendance was furnished to thirteen thousandfiA^ehundred and twenty-nine seamen. The hospital at Chicago has been comx3leted, and a site has been selected for the pavilion hospital authorized at the last session of Congress to be erected at San Francisco. The recommendations contained in the last annual report of my predecessor as to hospitals at New York and Pittsburg are renewed, and Oyster Island is suggested as an eligible site for that at New York. Instead of costly alterations and repairs to the hospitals at Detroit, Cleveland, Louisville, and Portland, the Supervising Surgeon proposes, for sanitary and other reasons, that comparatively inexpensive wooden pavilion wards be built on the grounds adjoining, and.only such expenditures be made upon the present buildings as may be necessary to fit them for administrative purposes. The recommendation is "also renewed as to the use for hospital purposes of wooden pavilion structures, of simple design and comparatively small cost, which may be destroyed and renewed when their continued occux3ancy renders them unhealthy. In these vicAvs I fully concur. PUBLIC BUILDINGS. In the annual report of the Secretary of the Treasury for 1872, the attention of Congress was called to the fact that very large sums of money would be needed for the completion of buildings begun or authorized, and it was recommended that, with the exception of pavilion hospitals and a building for the accommodation of the Bureau of Engraving and Printing and the surx3lus files of the Treasury DeX3artment, no new work should be authorized. Contrary to this recommendation. Congress, while making no apx3ropriation for the building last named, authorized the commencement of seventeen new buildings and the piurchase of sites for several others. This legislation, together with the work preAdously commenced, has imposed an unprecedented and extraordinary ainount of labor upon the Supervising Architect's office, and has rendered it necessary to submit estimates in an aggregate sum much larger than I think should be expended in any one year. It is highly important to limit the erection of public'buildings to REPORT OF THE SECRETARY OF THE. TREASURY. XXXV such as are imperatively demanded by the necessities of the X3ublic service, and where suitable temporary accommodations cannot be proAdded at a reasonable, cost. While it is no doubt true that all buildings authorized to be erected are needed and their early completion would be desirable, those in the larger cities where permanent buildings are imperatively demanded for the proper transaction of business should have the preference.- With the present organization of the SuperAasing Architect's office, it does not seem practicable in a single year to commence or x^i'0X3erly supervise the construction of all the buildings authorized by Congress. In this connection I desire to refer to the labor performed by that office, and the magnitude of the business committed to its charge. There are one hundred and fifteen buildings finished and occux3ied for federal puiposes, which are by law placed under the charge of the Treasury Department, consisting of Treasury buildings, customhouses, court-houses, post offices, appraisers' stores, warehouses, marine hospitals, mints, and assay offices. The Sux3erAdsing Architect's office has, by direction of. the Secretary of the Treasury, the sux3ervisi6n of the repair and supx3ly of these buildings with furniture, heating apparatus, safes, vaults, fuel, lights, water, &c. Most of these buildings require more or less rexiairs every year, and thirty of them are now undergoing extensive repairs and.remodelling, several to an extent iuA^olving as much time and attention as the erection of UCAV buildings. The office is also charged with the construction of all new buildings erected under the Treasury Department, and is now engaged in the construction of seventeen such new buildings, and also the new State, War, and Navy Department in this city, and the new jail for the District of Columbia. . The expenditures during the past 3^ear were $9,039,698 76, and the balances of approx3riations standing to the credit of that office on July 1, 1873, amounted to $14,774,573 00. Congress has provided for the erection of twenty UCAV buildings not yet commenced, plans for six of which are UOAV being prex3ared; sites have been secured for eleven, and negotiations are in progress for the purchase of the renjaining nine. The Supervising Architect's office has also the renting of^ buildings and office-rooms for the use of the various officers of the Treasury Department throughout the country at places where there are no public buildings, or Avhere such buildings are insufficient. The number now occupied is two hundred and tAventy-six, which are located in every State in tlie Union, excex3t Kansas and Arkansas, and in five of the Territories, at a total annual rental of $190,488 25, XXXVI REPORT OF THE. SECRETARY OF THE TREASURY. Great credit is due to the SuperAdsing Architect and his subordinates for the able, faithful, and economical manner in which they have conducted the vast business submitted to their immediate sux3ervision. NEAV YORK CUSTOM-HOtJSE. The great.extent and rapid increase of the commerce of the port of New York, Avhere are collected about sixty-seven per cent.. of all the duties levied on imported goods, has already rendered the custom-, house accommodations there quite insufficient. With the certain increase of business which this port must attain in the future, and with the prospect of its becoming more and more an exchange centre for other countries, it is a matter of the first importance to select, at an early day, a site for a new custom-house on a larger scale, together with the buildings needed in connection therewith, where the situation, convenience, and accommodations will be adequate to the requirements and Avorthy of the position of this great mart. The expense of erecting the building may well be extended over a series of years. The present custom-house lot may be sold to advantage, when no longer required, in part reimbursement of the expense. I earnestly commend this subject to the consideration of Congress. THE SEAL ISLANDS. Valuable rei3orts have recently been made by Captain Charles Bryant, agent, and Mr. Henry W. Elliott, assistant agent of the Treasury ' Department, at the seal islands of Alaska, in respect to the geography df the islands, the condition of the inhabitants, and the habits of the 'seals. They concur in the opinion that the laAv of July 1,1870, pro Adding that of the one hundred thousand seals to be taken annually, the proportion of one-quarter from St. George Island is altogether too large for the nuinber of seals now frequenting that island, making it necessary, in order to obtain the full comx3lement, to kill seals too small to afford first-class skins. They think the x3roportion between the two islands should be eighty-five thousand from St. Paul, and fifteen thousand from St. George. I am of opinion that the law of July 1, 1870, aboA^e referred to, should be so altered that the proportion to be taken from the separate islands may be fixed by the Treasury Department, and changed from time to time as the course of the seals may render it necessary. LOUISVILLE AND PORTLAND CANAL. In the " act making appropriations for the repair, preservation, and comx3letion of certain public works on rivers and harbors, and for REPORT OF T H E SECRETARY OF T H E TREASURY. XXXVII o other purposes," approved March 3, 1873, the following appropriations and provisions are made: " F o r completing the Louisville and Portland^canal, one hundred thousand dollars; and the Secretary of the Treasury is authorized,and directed to assume, on behalf of the United States, the control and management of the said canal, in. conformity with the terms of the joint resolution ofthe Legislaiture of the State of Kentucky, approved March 28, 1872, at such time and in-such manner as in his judgment the interests of the United States, and the commerce thereof, may require; and the sum of money necessary to enable the Secretary of the Treasury to carry this provision into effect is hereby appropriated: Provided, Th'dt after the.United States shall assume control of said canal, the tolls thereon on vessels propelled by steain shall be reduced to twenty-five cents per ton, and on all other vessels in proportion." The resolution of the State of Kentucl^ recites the facts that all the stock of the canal company belongs to the United States except five shares owned by the directors, that the property of the company is subject to a mortgage to secure bonds therein mentioned, and that the comx3any may owe other debts, and directs the LouisA'ille and Portland Canal Company to surrender the canal and all the property connected therewith to the government of the United States upon the terms and conditions therein specified, the sixth and last of which is "that the government of the United States shall before such surrender discharge said mortgage and pay all debts due by said canal company, and purchase the stock of said directors." The United States, by repeated acts, have manifested the intention of taking possession of this canal ahd maintaining it for the benefit and imx3rovement of the navigation of the Ohio river, and the importance of consummating that intention at as early a day as possible is apparent. As long ago as 1855 the United States had become the owners of all the shares in the company except the five shares held at the request of the then Secretary of the Treasury by the directors, to enable them to retain their offices and keep up the corporate organization and the management of the business of the company. Since that time Congress has at different times made ax3propriations ahd exx3eiiditures for enlarging and improving the canal to the amount of mdre than a million dollars, for which the Treasury has never been reimbursed. , * Recognizing the great benefit which Avould accrue to the commerce of the country bordering on the Ohio riA^er, by the United States taking possession of the canal and reducing the tolls thereon, steps were taken to ascertain the debts of the company, and to dcAdse a plan for carrying into effect the provisions of the appropriation act aboA^e cited. c XXXVIII REPORT OF T H E SECRETARY OF T H E TREASURY. It is found that the unsecured floating debt of the company, after deducting cash on hand, is not large, and may be easily ascertained and paid, and that the five shares of stock may be obtained of the directors by paying therefor one hundred dollars per share, with interest from February 9, 1864. In addition to these debts, there are outstanding eleven hundred and seventy-tAvo bonds of the comx3any, of $1,000 each, with coupons attached, bearing six per cent, interest, X3ayable semi-annually. Of these, bonds, $373,000 wiU mature January 1, 1876; $399,000 Avill mature January 1, 1881; and $400,000 will mature January 1, 1886. While the resolutions of the State of Kentucky require that these bouds shall all be paid, and the mortgage discharged before the surrender of the canal to the-United States, and the bonds do not all mature until the je^v 1886, and are supposed to be distributed among a great number of unknoAvn holders, the difficulty of carrying into effect the provision of Congress may be readily seen. If Congress would authorize the Secretary of the Treasury, with the consent of the State of Kentucky, to take possession of the canal upon paying the floating debts of the company, purchasing the five shares of stock, and assuming the payihent of the bonds secured by the mortgage Avhen matured, with authority to purchase them at any time x3reviousl3', as circumstances would warrant, one great obstacle in the way of accomplishing this most desirable result would be removed, and the cost thereof might be distributed over a period of several years. While this subject Avas under consideration a communication was received from the president of the comx3any, under date of July 9, 1873, informing the Department that " t h e Louisville and Portland Canal Compiany has been sued in the Louisville Chancery Court, by the devisees of Colonel John Campbell, for nearly all the land owned by the company." This suit, which is now pending, and is understood to involve the title to all or nearly all the land through which the canal runs, has so changed the aspect of affairs, that I deemed it the part of prudence, within the discretion intrusted to my judgment, to exx3end no money towards X3aying the debts of the company until these facts should be laid before Congress for its consideration and action thereon. REPORTS OF BUREAU OFFICERS. The several reports of the different bureau officers to accompany this report, to wit: those of the.First and Second Comptrollers, Commissioner of Customs; the First, Second, Third, Fourth, Fifth, and REPORT OF T H E SECRETARY OF T H E TREASURY^ XXXIX Sixth Auditors; Treasurer, Register, Director of the Mint, Chief of the Bureau of Statistics, Solicitor ofHhe Treasury, Superintendent of the Coast Survey, the Light-house Boai'd, Supervising Architect, and , Commissioner of Internal Revenue, Avith that of the Comptroller of the Currency, are respectfully commended to the consideration of Congress, as showing the extent and condition of the business of the Department in all its numerous branches, and the faithfulness, industry, and integrity with Avhich the same has been conducted during the past year by all persons emplo^^ed in the service. WILLIAM A. RICHARDSON, Secretary of the Treasury. Hon. S P E A K E R OF THE H O U S E OF REPRESENTATIVES. TABLES ACCOMPANYING THE EEPORT. REPORT.OF THE SECRETARY OF THE TREASURY. "TABLE A.—Statement of tlie net receipts (hy ivarrants) during the fiscal year ended June 30, 1873. CUSTOMS. •Quarter Quarter Quarter Quarter ended September 30, 1872 ended December 31, 1872.:...: ended March 31,1873.: euded June 30, 1873 Quarter ^Quarter Quarter Quarter ended ended ended ended '... $57, 729, 540 27 39, 591, 519 96 49, 902, 018 67 40,866,443 T" • f 188, 089, 522 :.. SALES OF PUBLIC LANDS. September 30,1872 December 31, 1872 March 31.1873 June 30, 1873 797,324 57 670, 821 88 641,558 38 772,607 55 . 2, 882, 312 38 INTERNAL REVENUID. Quarter Quarter 'Quarter Quarter ended ended ended ended September 30,1872 December 31, 1872 March 31,1873 June 30, 1873 34,169, 047 22 26, 066, 701 30 24,262,778.30 29, 230, 787 32 113,729,314 14 DIRECT TAX. Quarter Quarter Quarter Qiiarter ended ended ended ended September 30, 1872 December 31, 1872 March 31, 1873. June 30, 1873 Quarter Quarter Quarter Quarter ended vSeptember30,;1872..^ ended December 31, 1872 ended March 31,1873 ended June 30, 1873 272, 687 02 42, 567 49 TAX ON CIRCULATION, DEPOSITS, ETC., OF NATIONAL BANKS. : 3, 307,238"69 72,150 01 3, 427, 084 71 23, 564 26 '. 6, 830, 037 67 REPAYMENT OF INTEREST BY PACIFIC RAILW.4Y COMPANIES. Quarter Quarter Quarter Quarter ended September 30, 1872 ended December 31, 1872 ended March 31,1873 ended June 30, 1873 119, 093 73 177, 973 84 179, 405 33 37, 733 14 '. 514, 206 04 CUSTOMS, FINES, PENALITIES, AND F O R F E I T U R E S . 'Quarterended Septeniber 30,1872 'Quarter ended December 31, 1872 Qaarter ended March 31,1873 'Quarter ended June 30, 1873 . : 103,787 30 45, 294 59 613, 928 45 ^ 406, 505 04 1,169,515 38 ^ FEES. Consular, letters-patent, steamboat,' and land: 'Quarter ended September 30, 1872 Quarter ended December 31, 1872 'Quarter ended March 31, 1873 •Quarter ended June 30, 1873 .• • '.. .- 479, 306 03 373,161 48 484, 668 88 540, 085 28 PROCEEDS OF SALES OF GOVERNfflUNT P R O P E R T Y . Quarter Quarter Quarter Qaarter ended ended ended ended SB])tember 30,1872 December 31, 1872 March 31, 1873 June 30, 1873 Quarter Quarter Quarter ^Quarter ended ended ended ended September 30, 1872 December 31, 1872' March 31, 1873 June 30, 1873 , '. 336, 801 88 584, 442 58 138, 685 10 577,353 59 1,,637, 283 15 MISCELLANEOUS SOURCES. • °. • To.tal.ireceipts, .exclusive of loans and premium on coin 1, 346, 257 47 1, 093, 825 43 939, 256 97 1, 753, 666 27 5,133,006 14 ,' 322,177, 673 78 4 REPORT OF THE SECRETARY OF THE TREASURY.. Premium on Quarter ended Quarter ended Quarter ended Quarter euded sales of coin :• September 30, 1872 ...' Deceraber 31, 1872 Marcli 31, 1873 June 30, 1873. .' |2, 426, 736 2, 587,127 2, 946, 726 3, 599, 939 :.. . . 91 59 72 . 67- ' m , 560, 530 89' Total net receipts ' : Balance iu Treasury Juue 30,1872, (including $3,047.80 received from "unavailable") Total : : 333, 738, 204 67 106, 567, 404 74 440,305,609 41 TABLE B.—Statement of the net disbursements (7;?/ warrants) during the fiscal year ended' June 30, 1873. CWIL. Congress ' Executive Judiciary Government of Territories Sub-treasuries Public land-oflices Inspection of steam-A'^essels Mints and assay-offices Total ciA-il list '. • R 251, 8:32 46 6, 896, .567 13 3, 820,131 77 27.1,, 985 36 340,'530 92 414,135 19 221,917 50 125, 420 68 - , : §19,348,521 01 FOREIGN I N T E R C O U R S E . Diplomatic salaries Consular salaries .•.. .• Contingencies of consulates l..^.. Relief and x)rotection of American seamen ^. American and Mexican claims commission .' American aud Spanish claims commission 1 American and British claims commission I'ribunal of arbitration at Geneva Exxienses of the Japanese embassy Capitalization of Scheldt dues ' . Eeturn of consular receipts ? • AVar expenses in Madrid, Paris, Berlin, and London International Exposition at A'^ienna Survey of boundary between the United States and British possessions. Contingent and miscellaneous ., '.. Total foreign intercourse 376; 862 69 416, 973 86 93, 063 75 5, 235 04 20, 212 20 14, 030 70 184, 679 81 62, 210. 22 750 00 66,584 00 3, 040 54 • 2, 303 63 • Ill, 146 26 75,000 00 .139, 270 15 MISCELLANEOUS. Mint establishment 699, 483 65 Branch-mint buildings : • 382, 857 43 CoastSurvey 852,828 75 : Light-House Establishment 1,20.5,570 86 Building and repairs of light-houses 1, 700, 718 61 Refunding excess of deposits for unascertained duties 3,120,192 90 Refunding duties on tea and -coifee 257, 231 82 Drawbacks on certain articles imported into district of Chicago 192,155 95 P a j ^ e n t s for coins, nickels, Sec, destroyed at Chicago 370, 813 24 Revenue-cutter service 995, 308 88 Building revenue-cutters 138, 592 49 Life-saAdug seivice. . 212, 383 08 Custom-houses, court-houses, iDOst-offices, SLG 6,241, 032 97 •'I'Xirniture, fuel, &c., for public buildings under,Treasury Department.. 409,362 45 Repairs and preservation of public bnUctings under Treasury Department 414, 822 16 Collecting customs revenue 7, 079, 743 42 Debenture and drawbacks nnder customs laws 1, 211, 710 99 Refunding duties erroneously or illegally coUected..'. 134, 552 06 Marine hospital establishment 398,220 08 Marine hospital, Chicago, Illinois ^ 62, 482 94 Distributive shares of fines, penalties, and forfeitui'es 626,156 74 Assessing and collecting internal revenue •5, 337,124 23 Punishing violation s of internal-revenue laws 35, 648 40 Internal-revenue stami:)s '. ..--,. 329, 727 70' Refunding' duties erroneously or illegally collected 630, 708 28 Internal-revenue allowances and drawbacks 134, 293 84' Redemption of internal-revenue stamps 215, 414 03 Mail-steamship service....' '. 725, 000 00 Deficiencies in revenue of Post-office Department.'. •. 4, 765, 475 00 Refunding proceeds of captiu-ed and abandoned property 1, 960, 679 26 •Collection of captured and abandoned property " 84, 459 50; 1, 571, 362 85 ' • REPORT OF THE SECRETARY OF THE TREASURY. Expenses national loan Expenses refunding national debt Expenses national currency ' '. Suppressing counterfeiting and frauds Contingent expenses independent treasury Public Duildings and gTOunds in Washington Re-imbursement District of Columbia for repairs on avenues. Sec Capitol extension, dome repairs, fcc •. Extension of Capitol grounds '.. State, AVar, and ISTavy Department buildings Columbian Institute tor Deaf and Dumb Government Hospital for the Insane : Charitable institutions in Washiugton Meti'opolitan police Support of sixty transient paupers Surveys of public lands : Repayment for lands eixoneously sold Proceeds of swamp-lands to States Five per cent, fund, &c., to States Expenses of eighth and ninth censuses Penitentiaries in the Territories Payments under relief acts ITnenumerated items '. 5 $2, 806, 863 94 54, 736 83 181, 654 84 125, 608 73 96, 377 15 1, 929,197 26 1, 294, 535 75 87, 222 04 731,199 15 1, 609, 233 28 124, 000 00 206, 800 00 188, 013 32 . 205,175 78 12, 000 00 1,128, 060 13 ' 32, 486 27 3, 799 96 237,624 91 103,262 44 37, 345 20 265, 851 61 22, 435 90 Total miscellaneous '. ; |52, 408, 226 20 INTERIOR DEPARTMENT. Indians Pensions ; 1 ^ 7, 951, 704 88 29, 359, '426 86 : Total Interior Department..... . .• 37, 311,131 74 MILITARY ESTABLISHMENT. Pay Department 'Coinmissary Department Quarterma^ster's Department ' Ordnance Department Medical Department Military Academy .' Exijenses of recruiting •Contingencies Signal service Refugees, freedmen, and abandoned lands Bounties to soldiers Re-imbursing States for raising volunteers , Military organizations in Kansas '. Claims of loyal citizens for supplies Payments under relief acts .; Forts and fortifications Improvements of rivers and harbors Re-imbursing Kentucky for militia during the rebellion Suppressing Indian hostilities in Montana Territory Allowance for reduction of Avages under eight-hour law . Total military, establishment , : • ;.... 3, 513, 840 88 2, 521, 837 81 14, 513, 010 39 2, 091, 063 22 346, 214 53 66, 505 77 107, 564 00 396, 813 04 350,500 00 178, 796 74 10, 445, 014 77 758,110 31 324, 439 37 927, 910 19 353,155 96 1, 997, 589 56 6, 321, 880 49 525, 258 72 • 425, 000 00 158, 632 56 • • 46, 323,138 31 NAVAL ESTABLISHMENT. Pay and contingent of the]^avy MarineCorps... iN^arigation ; Ordnance 1 Provisions and clothing il Medicine and surgery Equipment and recruiting.Construction and repairs Steam-engineering Y a r d s a n i docks Payments under relief acta Surveying Isthmus of Darien for ship-canal SurvcAaiig Isthmus of Tehuantepec and Nicaragua Miscellaneous '. ! *..... :..:.. '. . • 6,587,607 24 : 1,171,872 59 339,511 65 ".. 1,158, 923 19 2, 767, 721 33 -254, 811.46 1, 837,156 42 4, 546, 057 54 1,682 099 00 ---2,463,022 59 341,195 34 5, 000 00 13, 074 39 . 358,204 05 Total naA-al establishment 23,526,256 79 Interest on the public debt ^ •- 104,750,688 44 Total net disbursements exclusiA'-e of premium and principal of public debt 285,239,325 34 Premium on bonds purchased 5,105, 919 99 Redeinption of the pubUc debt , 18,768,335 58 • 23, 874, 255 57 Tot.^1 net disbursements Balance in Treasury, Jnne 30, 1873 Total..... ..--.- 309,113,580 91 131,192,028 50 440,305,609 41. 4 TABLE C—Statement of the redemption and issue oj loans and Treasury notes (hy warrants) for the fiscal year ended June 30, 1873. Character of loans. Coin certificates, act of March 3, 1863, section 5 T h r e e per-cent. certificates, acts of March 2,1867, and J u l y 25, 1868 Seven-thirties of 1861, act of J u l y 17, 1861 . . . = Old demand notes, acts of J u l y 17, 1861, August 5, 1861, and F e b r u a r y 12, 1862 , Legal-tender notes, acts of F e b r u a r y 25, 1862, J u l y 11, 1862, J a n u a r y 17, 1863, and March 3, 1863., Fractional currency, acts of J u l y 17, 1862, March 3, 1863, and J u n e 30,1864 One-year notes of 1863, act of March 3, 1863 -... T w o - y e a r notes of 1863, a c t o f March 3, 1863 Compound-interest notes, acts of March 3,1863, and J u n e .30, 1864 Seven-thirties of 1864 and 1865, acts'of J u n e 30, i864,and March 3, 1865 Bounty-land scrip, act of F e b r u a r y 11, 1847 t ..: L o a n o f 1848, a c t o f March 31, 1848 i Loan of J n l y and August, 1861, acts of J u l y 17, 1861, and A u g u s t 5, 1861 Five-twenties of 1862, a c t o f F e b r u a r y 2.5, 1862 : Five-twenties'of March,. 1864, act of March 3, 1864 : , Five-twenties of J u n e , 1864, act of Junew.30, 1864 ...~ ; Five-twenties of 1865, a c t o f March 3, 1865 Consols of 1865, a c t o f March 3, 1865 , Consols of 1867, a c t o f March 3, 1865 : ; Consols of 1868, act of March" 3, 1865 Certificates of deposit, act of J u n e 8, 1872 • Total.. Excess of re-, demption. Redemptions. $55, 570, 500 00 5, 000 00 196,800 195, 000 650 8, 328 019, 067 731, 269 17,162 8, 255 114,120 58, 050 300 5, 500 00 00 00 75 00 83 00 00 00 00 00 00 873,150 57,800 326, 650 032, 200 415,800 286, 300 922, 950 430, 000 00 00 00 00 00 00 00 00 '57,'i6o,'c)66"66' 233,699,352 58 214, 931, 017 00 63,519,067 00 38, 674, 800 00 $12,190, 000 00 650 00 8. 328 75 1, 500; 000 00 17, 162 00 8,255 00 114,120. 00 58, 050 00 300 00 5, 500 00 150 00 1,500 00 15, 873,150 00 57, 800 00 6, 326, 650 00 4, 032, 200 00 15, 415, 800 00 5, 284, 800 00 922, 950 00 Excess of redemptions Excess of issues 61,815,715 75 43, 047, 380 17 Net excess of redemptions charged in receipts and expenditures. 18, 768, 335 58 dt) Excessof issues. $7,373 700 00 2 •hj••• o ::::::::::::: ^ .3,943,'536"i7 ;;;;;;;;;;; ^ H ::::::::::::: 150 56 w ^ CQ t=^ o "•-V ------- •• 31, 047, 730,380 0001700 43, NOTE.—It will be seen that the reduction of the principal of the public debt, as shown b y this statement, appears to be $18,768,335.58. Congress, .by act of J u n e 8, 1872, (17 Statutes, 336,) provided that national banking associations might deposit United States legal-tender notes in the T r e a s u r y of the United States and receive therefur certificates of deposit bearing no interest, and that the notes so deposited should be set a p a r t and held as a special deposit for the redemption of said certificates. T h e certificates outstanding on the 1st day. of J u l y , and includedin the outstanding principal of the debt, amounted to $31,730,000, and the notes held as a special deposit for their redemption w a s included in the cash.balance in the T r e a s u r y on that day. I t will be seen, therefore, t h a t while these certificates, as a matter of accounts, are treated as a p a r t of the public debt, they do not in reality forra a n y portion of it, in the usual sense of the word, for the reason t h a t no revenue is required to be provided for their p a y m e n t , the notes Avhich they represent always being in the Trea.sury as a special deposit for their redemption, and those notes being included iu the outstanding legahtender notes. Omitting these certificates of deposits as offset b y the notes held Qu deposit for'their redemp-tion, and the actual reduction of the principal of the debt w a s $50,498,335.58, . ' • ' ' • . ^ O w fei- H > Opj H Ul REPORT OF THE SECRETARY OF THE TREASURY. ^ 7 . D.—Statement of the net receipts (hy warrants) for the quarter ended Ser>t'emher 30, 1873. RECEIPTS. Customs Sales of i)nblic lands , ' Internal revenne Tax on circulation, deposits, &c., of national banks Repayment of interest by Paciiic railway companies . . Customs fines, penalties, and fees Consular, letters-patent, homestead, and land fees." Proceeds of sales of Government iDroperty Miscellaneons... : Premium on sales of coin —: o $49,195,403 573,768 25,640,454 3,490,743 198,970 438,514 . 503,941 303,765 1,507,931 2,350,818 ' • Total ordinary receipts, exclusive of loans Payment hy the British .government of the award of the tribunal of arbitration at Geneva.. Total net receipts Balance in Treasury June 30, 1873 68 07 41 66 56 21 12 32 21 34 84,204,310 58 15,500,000 00 99,704,310 58 131,192,.028 50 Total 230,896,339 OS'- E.—Statement of ilie net dishursements (hy ivarrants) for the quarter ended Septemher 30,1873, civil and miscellaneous. Customs Internal revenue Diplomatic service .ludiciary.. Interior, (civil) Treasury i)roi)er Quarterly salaries -. '. , Total civil and miscelli^neous Indians Pensions Mihtary establishment Naval establishment , '. Interest on public debt , . • Total net ordinary expenditures Premiums on i)ui"chase of bonds Award of Geneva Tribunal, investment account Excess of neb redemptions of loans over receipts Total net expenditures Balance in Treasury September 30,1873 Total $5,558,157 1,249,656 399,592 821,297 1,209,538 8,030,614 103,437 : $2,008,715 8,698,156 ."... 13,795, 053 9,792,451 37,051,907 45 67 17 12 30 16 73 17,372,293.60 19 ^8 48 57. 79 •' . 71,346,284 6 1 ' . 88,718,578 21 1, 301,946 ,78 15,500,000 00 32,986,828 91 : .....' 49,788,775 6d 138,507,353 90 92, 388,985 18 , 230,896,339 08 8 REPORT OF THE SECRETARY OF THE TREASURY. TABLE F.—Statement of outstanding principal qf the puhlic deht of the TJnited States on the 1st of Jaiiuary of each year from 1791 to 1843, inclusive, and on ihe 1st of July of each year from 1844 to 1873, inclusive. R E P O R T OF vTHE SECRETARY OF T H E . T R E A S U R Y . 9 TABLE F.—Statement of outstanding principal of the puhlic deht, ^x.—Continued. Year. 1867 1868 1869 1870 387L 1872 1S73 Amoimt. : ; .• .. : . .• . . $2,678,126,103 87 2,61L687,851 19 2, 588, 452, 213 94 2, 480, 672, 427 81 2, 353, 211, 332 32 . . . 2, 253, 251, 328- 78 *2, 234, 482, 993 20 * I n the amount here stated as the outstanding principal of the public debt, is included.the certificates of deposit outstanding on the 30th J u n e , issued under act of J u n e 8,' 1872, amounting to $31,730,000, for which a like araount in United States notes was on special deposit in the T r e a s u r y for their redemption, aud added to the cash balance in the T r e a s u r y . These certificates, as a matter of accounts, are treated as a part of the . public debt, but beiug offset by notes held on deposit for their redemption, should properly be deducted frora the principal of the p.ublic debt in making comparison with former years. (See note at foot of Table C, p a g e 6.) 10 REPORT OF T H E SECRETARY OF T H E TREASURY. TABLE G.—Statement ofthe receiptts of the United States from March 4, 1789, to June Balance in the Treasury at u >< commencemehtofyear. 1791 1792 "*'$973^905"75' 783,444 51 ,1793 753, 661 69 1794 1,151,924 17 1795 1796 516,442 61 1797 888, 995 42 1,021,899 04 1798 • 617,451 43 1799 2,161,867 77 1800 2, 623, 311 99 1801 3, 295, 391 00 1802 5, 020, 697 64 ]803 1804 4,825,811 60 4, 037, 005 26 1805 3, 999, 388 99 1806 4, 538,123 80 1807 9, 643, 850 07 1808 9,941,809 96 1809 3, 848, 056 78 1810 2, 672, 276 57 1811 3, 502, 305 80 1812 3,862,217 411813 5,196, 542 00 1814 1, 727, 848 63 1815 13,106,592 88 1816 22,033,519 19 1817. 14,989,465 48 1818 1,478,526.74 1819 2,079,992 38 1820 1,198,461 21 1821 1,681,592 24 1822 4, 237,427 55 1823 9,463,922 81 1824 1,946,597 13 1825 1826 5, 201, 650 43 1827 6, 358, 686 18 6, 668,286 10 1828 5,972,435 81 1829 1830 5, 755, 704 79 1831 6, 014, 539 75 4,502,914 45 1832 2,011,777 55 1833 11,702,905 31 1834 1835 8, 892, 858 42 1836 26, 749, 803 96 1837 46, 708, 436 00 37,327,252 69 1838 36,891,196 94 1839 33,157,503 68 1840 1841 29, 963,163 46 1842 28,685,111 08 184.3* 30,521,979 44 1844. 39„186, 2S4 74 1845 36,742,829 62 1846 36, 194, 274 81 1847 38,261,959 65 1848 33,079, 276 43 1849 29 416 612 45 1850 32,' 827,' 08*2 69 1851 35,871,753 31 1852 40, I58i 3.53 25 1853 43! 338^ 860 02 1854 50,261,901 09 1855 48, 591, 073 41 1856 47^7771672 13 1857 49,108,229 80 1858 46,-802, 855 00 1859 35, 113,334 22 1860 '.33,193, 248 60 186L 32, 979, 530 78 1862 30, 963, 857 83 1863 46, 965, 304 87 1864 36, 523, 046 13 1865 134, 433, 738 44 • Customs. Internal revenue. Direct tax. Public lauds. Miscellaneous. ' t $4, 399, 473 09 $10, 478 10 3,443, 070 85 • $208," 942 81 9,918 65 4,255,306 56 337, 705 70 51, 410 88 4,801(065 28 274,089 62 53, 277 97 5,588,461 26 337, 755 36 28 317 97 6, 567, 987 94 475,289 60 1,169,415 98 7, 549, 649 65 575,491 45 399,1.39 29 83, 540 60 7,106,061 93 644, 357 95 11, 963 11 58,192'81 6,610,449 31 779,136 44 86,187 56 9, 080, 932 "73 809, 396 55 "$734," 223*97* 152, 712 10 443'75" 10, 750, 778 93 1, 048, 033 43 • .534, 343 38 167,726 06 345, 649 15 12,438,235 74 621,898 89 . 206, 565 ,44 188,628 02 1, 500, 505 86 10,479,417 61 .215,179 69 71,879 20 165,675 69131,945 44 11, 098, 565 33 50, 941 29 50,198 44 487, 526 79 139,075 53 12, 9.36, 487 04 21,747 15 40, 332 30 21,882 91 .540,193 80 14,667,698 17 20,101 45 55. 763 86 51,121 86 , 765, 245 73 35,84.5,521 61 13, 051 40 3 4 7 3 2 56 466,163 27 38, 550 42 16, 363, 550 58 ' 8,190 23 19,159 21 647, 939 06 21, 822 85 7. 257, 506 62 4, 034 29 7, 517 31 442, 252 33 62,162 57 8,583,309 31 7, 430 63 12, 448 68 696, 548 82 84, 470 84 13,313,222 73 2, 295 95 7, 666 66 59,211 22 1, 040, 237 53 8,-9.58,777 53 4, 903 06 859 22 710,427 78 126,165 17 13,224,623 2 5 ' 4,755 04 271,571 00 3,805 52. 835, 655 14 5, 998, 772 08 1,662,984 82 2, 219, 497 36 1,135,971 09 164, 399 81 7, 282, 942 22 4, 678, 059 07 2,162,673 41 285, 282 84 1,287,959 28 36, 306. 874 88 .5, 124, 708 31 4, 253, 635 09 1,717,965 03 273, 782 35 26, 283, 348 49 2, 678,100 77 1, 834,187 04 .L 991, 226 06 109, 761 08 17, 176, 385 00 955, 270 20 '21606,564 77 57,617 71 264,333 36 20, 283, 608 76 229, 593 63 83, 650 78 3,274,422 78 57,098 42 15,005,612 15 106, 260 53 31, 586 82 1,635,871 61 61,338 44 13,004,447 15 69, 027 63 152, 589 43 29, 349 05 1,212,966 46 17, 589, 761 94- * 67, 665 71 20, 961 56 452, 957 19 1, 803, 581 54 19, 088, 433 44 34, 242 17 • 10, 337 71 141,129 84 916, 523 10 17, 878, 325 71 34, 663 37 6,201 96 984,418 15 127, 603 60 20,098,713 45 25, 771 35 2, 330 85 1,216,090 56 130,451 81 23,341,331 77 21,-589 93 6, 638 76 94, 588 66 1, 393, 785 09 19, 712, 283 29 • 19, 885 68 2, 626 90 1, 495, 845 26 1,315,722 83 23, 205, 523 64 17,45154 1,018,308 75 2,218 81 65,126 49 22,681,965 91 14,502 74 1, 517,175 13 . 112, 648 55 11,335 05. 21, 922, 391 39 12, 160 62 16„980 59 2,329,356 14 73, 227 77 24,224,441 77 6,933 5L 10, 506 01 3,210,815 48 584,124 05 28, 465,237 24 11, 630 65 6,791 13 • 2, 623, 381 03 270,410 61 29,032,508 91 2, 759 00 394.12 3, 967, 682 55 470, 096 67 16,214,957 15 4,196 09 19 80 4,857,600 69 480, 812 32 19,391,310 59 10, 459 48 4,263 33 14, 757, 600 75 759. 972 13 23, 409. 940 53 370 00 728 79 24,877,179 86 2,.245, 902 23 . 11,169, 290 39 5, 493 84 1,687 70 6, 776, 236 52 7, 001, 444 59' 16,158, 800 36 2,467 27 3, 730, 945 66 6, 410, 348 45 23,137,924 81 2,553 32 7,361,576 40 979, 939 86 755'22* 13, 499, 502 17 1, 682 25 ' 3,411,818 63 2, 567.112 28 14,487,216 74 3,261 36 1, 365, 627 42 1 004, 054 75 18,187,908 76 495 00 '451'995 97 1, 335, 797 52 7, 046, 843 91 103 25 898,158 18 285, 895 92 '26,183,570 94 1,777 34 2, 059, 939 80 1,075,419 70 27, 528,112 70 3, 517 12 2, 077, 022 30 361, 453 68 26, 712, 667 87 2, 897 26 2', 694' 452 48 -289,' 950 13 23,747,864 66 .375 00 2, 498, 355 20 220, 808 30 31, 757, 070 96 375 00 3, 328, 642 56 • 612 610 69 28, 346, 738 82 1, 688, 959 55 685', 379 13 39, 668, 686 42 1, 859, 894 25 2, 064, 308 21 49,017,567 922, 352, 305 30 • 1,185, 166 11 47, 339,326 62 464 249 40 2, 043, 239 58 58, 931, 865 .52 988 081 17 1, 667, 084 99 64,224, 190 27 8,470,798 39 1,105, 352 74 53,025,794 21 11, 497, 049 07 827, 731 40 64, 022, 863 50 8,917,644 93 1,116,190 81 63, 875, 905 05 3, 829, 486 64 1 259 920 88 41,789,620 96 3,513,715 87 1, 352^ 029 13 49, 565, 824 38 ], 756, 687 30 1, 454, 596 24 53,187,511 87 1,778,557 71 1, 688, 530 25 39, 582,125 64 870, 658 54 1; 023, 515 31 49, 056, 397 62 152, 20.3'77 915,327 97 'i,'795,'.33i'73" 69, 059, 642 40 ""37,640,"787'95' 1, 48.5,103 61 • 167,617 17 3, 741. 794 38 102,316,152 99 109,741,134 10 47,5, 648 96 588, 333 29 30,291,701 86 84, 923, 260 60 209, 464, 215 25 1, 200, 573 03 996, 553 31 25,441,556 00 . * For the half year from Jnn REPORT OF THE SECRETARY OF THE TREASURY. 11 30, 1873, hy calendar years to 1843, and hy fiscal years {ending Jime 30) from that time. Dividends. Net ordinary receipts. Interest. Preraiums. Receipts from loans aud Trea- Gross, receipts. sury notes. . $361, 391 34 409,9.51 19 •5,102, 498 45 669, 960 31 $8, 028 00 1,797, 272 01 652.923 14 38, 500 00 4. 0.07,950 78 303, 472 00 431 904 87 3, 396, 424 00 160, 000 00 6,114 534 59 $4. 800 00 160,000 00 8,377 529 65 42, 800 00 320, 000 00 780 99 70, 000 00 80. 960 00 495 80 78, 675 00 200, 000 00 79, 920 00 7, 813 31 71, 040 00 5, 000, 000 00 7, 749 10 71,040 00 10, 1, 565, 229 24 88, 800 00 12, 935 330 95 "i6,'i25'o6 39, 960 00 14; 995, 793 95 11, 064 097 6:11, 826 307 38 13, 560 693 20 15, 559; 931 07 20 16, 393; 019 661 93 17, 060 473 12 773, 7, 214-'28 2, 750, 000 00 9, 384 14, 422, 634 09 12, 837, 900 00 9, 801 132 76 26,184, 135 00 300 00 14, 340, 409 95 23, 377, 826 00 85 79 11, 181, 625 1(} $32,107 64 35, 220, 671 40 15, 696 916 82 11,541 74 9, 425, 084 91 686 09 47, 676, 985 66 68,665 16 466, 723 45 202, 426 30 33, 099; 049 74 267, 819 14 353 00 525, 000 00 21. 585, 171 04 412 62 291 00 675, 000 00 24, 603 374 37 1, 000, 000 00 17, 840 669 55 3, 000, 824 13 40, 000 00 105, 000 00 14, 573 379 72 5, 000, 324 00 297, 500 00 20, 232 427 94 350, 000 00 20, 540; 666 26 350, 000 00 19, 361 212 79 5, 000, 000 00 367, 500 00 21, 840 858 02 5, 000, 000 00 402, 500 00 25. 260 434 21 420, 000 00 22, 966 363 96 455, 000 00 24, 763; 629 23 490, 000 00 24, 827 627 38 490, 000 00 24. 844 116 51 490,.000 00 28, 526: 820 82 490, 000 00 31, 867, 450 66 474, 985 00 33, 948 426 234, 349 50 21, 791 935 55 506, 480 82 35, 430; 067 10 292, 674 67 50, 826, 796 08 24, 954 153 04 2, 992. 989 15 26, 302, 561 74 12, 716, 820 86 31, 482, 749 61 • 3, 857, 276 21 19, 480, 115 33 5, 589, 547 51 16, 860 160 27 13, 659, 317 38 19, 976 197 25 14, 808, 735 64 231 001 26 12, 479, 708 36 71, 700 83 8, 320; 707 78 1; 877,181 35 666 60 29, 970, 105 80 29. 967 74 29, 403 16 28, 365 91 ,28, 872, 399 45 26, 699 21 37, 080 00 21., 256, 700 00 35, 077 50 487, 065 48 28, 588, 750 00 30, 10, 550 00 4, 045, 950 00 43, 4,264 92 203, 400 00 039 33 52, 46, 300 00 815 60 49, 16, 350 00 61, 031 68 22 50 001 67 73, 341 40 800 00 6.5, 574 68 200 00 74, 699 24 •68, 312 57 3, 900 00 46, 365 96 23, 717, 300 00 ,52, 107 92 709, 357 72 28, 287, 500 00 56, 599 83 10, 008 00 20, 776, 800 60 41, 299 49 33, 630 90 41,861, 709 74 51, 261 09 68, 400 00 529, 692, 460 .50 112, 945 51 602, 345 44 776, 682, 361 57 243, 971 20 21,174,101 01 1,128,873,945 .36 322; 158 19 11,683,446 891,472,224,740 85 '1, 1843. to J u n e 30, 1843. 771,342 772, 458 450,195 439, 855 515, 758 740, 329 758, 780 179,170 .12, 546, 813 12, 413, 978 12, 945, 455 14, 995, 793 11. 064, 097 11, 826, 307 13, 560, 693 15, 559, 931 16, 398,019 17, 060, 661 7, 773, 473 12, 134,214 14, 422, 634 22, 639, 032 40, 524, 844 34, 559, 536 50, 961. 237 57, 171,421 33, 833, 592 593, 936 24, 605, 665 20, 881,493 19, 573, 703 20, 232, 427 20, 540, 666 24, 381,212 26, 840, 858 25, 260, 434 22, 966, 363 24, 763, 639 24, 827, 627 24, 844,116 28, 526,820 31, 867,450 33, 948, 426 21, 791, 935 35, 430, 087 50, 826, 796 27, 947,142 39, 019,382 35, 340, 025 25, 069, 662 30. 519, 477 ,34,784, 932 20, 782,410 31, 198,555 29, 970,105 29, 699, 967 55, 368,168 56,'992. 479 59, 796, 892 47, 649, 388 52, 762, 704 49, 893,115 61,•603, 404 73, 802, 343 65, .351, 374 74, 056, 899 68, 969,212 70, 372, 665 81, 77.3 965 76, 84i;407 83, .371, 640 581, 680,121 889, 379, 652 ,393, 461,017 805, 939,345 Unavailable. $1,889 50 63, 288 35 , 458, 782 93 37, 469 25 11,188 00 28,251 90 103, 301 37 11,110 81 6,001 01 9,210 40 6, 095 11 12 R E P O R T OF T H E SECRETARY OF T H E TREASURY. TABLE G.—Statement of tlie receipts of the United States u ci Balance in the Treasury at commencement of year. 1866 1867 $33. 933, 657 89 160, 817, 099 73 1868 1869 1870 1871 1872 .1873 198,076, 537 158,936,082 183, 781, 985 177,604,116 133,019,122 134, 666, 001 09 87 76 51 15 85 Internalrevenue. Customs. $179, 046. 6ol ,53 176, 417,-810 88 164, 464, 180, 048, 194, 538, 206, 270, 216, 370, 188, 089, .599 426 374 408 286 522 56 63 44 05 77 70 3, 385, 720, 600 18 Direct t a x . $309, 226, 813 42 $1,974,7.54 12 266,027, 537 43 4, 200, 233 70 191,087,589 158,356,460 184,899,7.56 143,098,153 130, 642,177 113,729,314 41 86 49 63 72 14 1, 788,145 765, 685 229,102 580, 355 35 61 88 37 315, 254 51 Public lauds. Miscellaneous. $665, 031 03 $29,036,314 23 1,163, 575 76 15, 037, 522 15 1,348,715 4, 020, 344 3,350,481 2, 388, 646 2, ,575, 714 2,882,312 4\^ 34 76 6S 19 38 17,745,403.59 13, 997, 338 65 12, 942, 118 30 22, 093, 541 21 15,106, 051 23 L7.161, 270 05 1, 876,191, 953 19 27, 554, 926 93 197,171, 498 65 252, 734, 361 07 * Amounts heretofore credited to the Treasurer as una R E P O R T OF T H E SECRETARY OF THE TREASURY. 13- from March 4, 1789, to June 30, 1873, tj^'C—Continued. Dividends. 1866 1867 N e t ordinary receipts. Receipts from loans and Trea- Gross receipts. sury notes. $519, 949,1564 38 462,846,679 92 $1,270,834,173 11 $172,094 29 > $712, 851, 553 05 $38, 083, 055 68 27, 787, 330 35640, 426, 910 291,131,060,920 .56 721,327 93- Unavail-', able. 2, 675, 913 191868 1869 1870 1871 1672 1873 370, 434,;4.53 357,138,1256 395, 959,1833 374,431„104 364, 694,1229 322,'177,1673 82 09 87 94 91 78 29, 203. 629 13.755,491 15, 295, 643 8, 892, 839 9,412,637 11, 560, 530 50 12 76 95 65 89 625,111,433 238,678,081 285, 474, 496 268, 763,-523 305, 047, 054 214,931,017 20 1,030,749,516 52 609,621,828 27 06 696,729,973 63 00 47 652,092,468 36 00 679,153,921 56 00 548,669,221 67 *2, 070 73 *3,396 18-*18, 223 35 *3, 047 80 19, 720,136 29 5,749,093i476 31 $485,224 45 188. 984, 953 33 7,614,519,112 33 13,553,032,771 97 2, 649,175 13^ vailable, and since recovered! and charged to his account. 14 REPORT OF THE SECRETARY OF THE TREASURY. TABLE H.—Statement of the expenditures of the United States from March 4, 1789, to Jun^ • Year. 1791 1792 1793 1794 1795' 1796 1797 1798 1799 1800 1801 1802 1803 1804 1805 1806 1807 1808 1809 1310 1811 1812 1813 1814 1815 1816 1817 1818 1819 1820 1321 1822 1823 1824 1825 1826 1327 1828 1829 1830 1331 16.32 1833 1834 1835 1836 1837 1833 1839 1340 1841 1342 1843* 1844 1845 1846 1847 1848 1849 1850 1851 1 18.52 1853 1 1854 ' 1855 18,56 1857 3858 1859 1860 1861 1862 1863 1864 1 War. liTavy. Indians. Pensions. -Miscellaneous. $632,804 03 $27,000 00 $175, 813 83 $1,083,971 61 1,100, 702 09 13, 648 85 109, 243 15 4, 672, 664 38 1,1.30,249 08 27,282 83 eo'087 81 511,451 01 2, 639, 097 59 $6i-i"468'97 81, 399 24 750, 350 74 13, 042 46 2.430.910 13 68, 673 22 . 1, 378, 920 66 23,475 68 410, 562 03 1,260,263 34 274, 784 04 il3,563 98 100, 843 71 801.847 58 1, 039, 402 46 1, 259, 422 62 1 62, 396 58 382, 631 89 92, 256 97 2, 009, 522 30 1, ,381, 347 76 16,470 09 104, 845 33 1,1.39, 524 94 1 2, 466, 946 98 20, 302 19 2. 858, 081 84 95, 444 03 1, 039, 391 68 2, 560, 878 77 31 22 1, 337, 613 22 3.448,716 03 64,130 73 1, 672, 944 08 9, 000 00 • 1,114, 768 45 2,111,424 00 73,533 37 1,179, 148 25 915, 561 87 94, 000 00 ' 85, 440 39 1. 462, 929 40 0 822, 055 85 1, 842, 635 76 60, 000 00 62, 902 10 1, 215, 230 53 875, 423 93 116, 500 00 1,189, 832 75 80, 092 80 2,191,009 43 712, 781 28 196, 500 00 1, 597, 500 00 81,854 59 3, 768, 598 75 1, 224, 355 38 1, 649, 641 44 234, 200 00 81, 875 53 2,890,137.01 L 288, 685 .91 c> . 1,697,897 5L 1,722,064 47 205. 425 00 70, 500 00 2, 900, 834 40 1, 884, 067 80 213,575 00 1, 423, 285 61 82, 576 04 3, 345, 772 17 2, 427, 758 80 337, 503 84 1, 215, 803 79 87, 833 54 2, 294, 323 94 177, 625 00 1,101,144 98 1, 654, 244 20 83, 744 16 2, 032, 828 19 • 1, 965, 566 39 151,875 00 1,367,291 40 75, 043 88 1.1,817,798 24 277, $45 00 91,402 10 3. 959, 365 15 1,68.3,083 21 19. 652, 013 02 167, 358 28 6,446, 600 10 86, 989 91 1. 729, 435 61 20, 350, 806 86 167; 394 86 2, 208, 029 70 90,164 36 7,311,290 60 14, 794, 294 22 530, 750 00 2, 898, 870 47. 8, 660, 000 25 m . 656 06 16, 012, 096 80 274, 512 16 2,989.741 17 3, 908, 278 30 168, 804 15 8, 004, 236 53 3, 518, 936 76. 3, 314, 598 49 319,463 71 297, 374 43 5,622,715 10 505, 704 27 3, 835,839 51 2, 953, 695 00 890, 719 90 / 6, 506, 300 37 3, 847, 640 42 463,181 39 3,067,211 41 « 2, 415, 939 85 2, 630, 392 31 . 4, 387, 990 00 3, 203, 376 31 2, 592, 021 94 315,750 01 4,461,291 78477, 005 44 242, 817 25 2, 223,121 54 3,319,243 06 3,111,98148 2, 224, 458 98 1, 967, 996 24 575, 007 41 1,948,199 40 3. 096, 924 43 2, 503, 765 83 380, 731 82 2, 022, 093 99 1, 780, 588 52 3. 340, 939 85 , 2. 904, 531 56 429, 987 90 1, 499, 326 59 7,155,308 81 3, 659, 914 18 724.106 44 1,303,810 57 2, 748, 544 89 3. 049, 083 86 3, 943,194 37 2, 600,177 79 4, 218, 902 45 743, 447 83 1, 5.56, 593 83 3, 948, 977 88 4, 263, 877 45 750, 624 83 2, 713, 476 53 976,138 86 , 4,145, 544 56 705, 084 24 850, 573 57 3, 676, 052 64 3,918,786 44 4,724,291 07 3, 308, 745 47 576, 344 74 949, 594 47 3, 082, 234 65 4, 767,128 88 622,262 47 1,363,297 31 3, 239, 428 63 3; 237, 416 04 4, 841, 835 -55 3,856.183 07 930. 738 04 1,170, 665 14 3, 064, 646 10 5, 446, 034 38 3, 956, 370 29 1, 352, 419 75 1,184, 422 40 4, ,577,141 45 6, 704, 019 10 3, 901, 356 75 1, 802, 980 93 4, 589,152 40 5,716,245 93 5, 696,189 38 3, 956, 260 42 1, 003, 953 20 . 3, 364, 285 30 4, 404, 728 95 5, 759,156 89 3.8u4,939 06 1, 706, 444 48 1, 954, 711 32 4, 229, 698 53 • 11, 747, 345 25 5, 807. 718 23 5, 037, 022 88 2,882, 797 96 . 5, 393, 279 72 13, 682, 730 80 6,646,914:53 4, ,348, 036 19 2, 672,162 45 9, 893, 370 27 12,897,224 16 5, 504,191 34 2,156, 057 29 7,160, 664 76 6,131,530 53 8, 916, 995 80 6,182, 294 25 2, 528, 917 28 3,142, 750 51 5, 725, 990 89 7, 095, 267 23 6,113,896 89 2, 603, 562 17 2, 331. 794 86 5, 99.5, 398 96 8,801,610 24 6,001,076 97 2, 514, 8.37 12 2, 388, 434 51 • 6,490,831 45 6, 610. 438 02 8, 397, 242 95 1,199, 099 68 L 378, 931 33 6, 775, 624 ,61 • 2, 908. 671 95 3,727,711 53' 839, 041 12 578, 371 00 3, 202, 713 .00 5, 218,183 66 6, 498,199 11 1, 256, 532 39 2, 032, 008 99 5,645,183 86 5, 746, 291 28 6, 297,177 89 1, 539, 351 35 , 2,400,788 11 5. 911, 760 98 10,413,370 58 6, 455, 013 92 1, 027, 693 64 , 1,811,097 56 6, 711, 283 89 35, 840. 030 33 7, 900, 635 76 1,430,411 30 1, 744, 883 63 6, 885, 608 35 27, 638, 334 21 9, 408, 476 02 1,252, 296 81 1,227,496 48 5; 650,-851 25 14, 558, 473 26 9, 786, 705 92 1, 374,161 55 1, 328. 867 64 12, 885, 334 24 9, 687, 024 58 1,866,886 02 7, 904, 724 '66 1, 663, 591 47 16, 043, 763 36 12.161,965 11 8, 380, 581 38 2,829,801 77 2, 293, 377 22 17, 888, 992 18 8, 521, 506 19 8 918,842 10 3. 043, 576 04 •2,401,853 78 17,504,171 45 9,910,498 49 3, 880, 494 12 11,067,789 53 1, 756, 306 20 17,463,068 01 11,722,282 87 • 10. 790, 096 32 1, 550, 339 55 1,232,665 00 26, 672,144 68 14, 648, 074 07 13, 327, 095 11 2,772,990 78 1,477.612 33 24,090,425 43 16, 963,160 51 14,074, 834 64 2, 644, 263 97 1, 296, 229 65 31, 794, 038 87 19,159,150 87• 12. 651, 694 61 4,354, 418 87 1, 310, 380 58 28, 565,498 77 2.5,679,121 63 14, 0.53, 264 64 ' 4,973,266 18 1, 219, 763 30 • 26, 400, 016 42 23,154, 720 53 14, 690, 927 90 3, 490, 534 53 1.222, 222 71 23. 797, 544 40 16, 472, 202 72 11.514,649 83 2,991,121 54 1,100,802 32 27, 977, 978 30 • 23,001,530 67 12, 387,156 52 1, 034, 599 73 2, 865, 431 17 . 23, 327, 287 69 389.173, 562 29 42, 640, 353 09 2, 327, 948 37 852,170 47 21,38.5,862 59 60.3;314,4ll 82 L 078,513 36 23,198, 382 37 63,261,235 31 3,152, 032 70 690, 391, 048 66 85, 704. 963 74 4,985,473 90 27,572,216 87 %, 629, 975 .97 ^ For the half year from Janu ( 15 REPORT OF THE SECRETARY OF THE TREASURY. •30, 1873, hy calendar years, ^a^l843, and hy fiscal years {ending June 30) from that time. Net ordinary expenditures. 919, 589 896,258 749, 070 545, 299 362,541 551,303 636,110 651,710 480,166 7, 411, .369 4. 981,669 3, 737, 079 4, 002, 824 4, 452, 858 6. 357, 234 6, 080, 209 4, 984, 572 6, 504,338 7, 414,672 311.062 5, 592, 604 5, 829,498 17, 082, 396 28, 127, 686 30, 953, 571 26, 373, 432 23, 4.54, 609 15, 808, 673 1.3, 300, 273 16. 134, 530 13, 723,479 10, 827, 643 9, 784,154 9, 330,144 L5, 490, 459 11, 062,316 13, 653, 095 12, 296,041 13, 641,210 12, 229, 533 13, 864, 067 13, 516,368 16, 713, 755 22, 425, 417> 18, 514, 950 17, 863,164 ' 30,243, 214 37, 849,718 33, 496, 948 26, '139, 920 24; 196,840 26, 361, .336 24, v256, 508 11, 650,106 20, 695, 369 21, 418,459 26, 801,569 53, 227, 454 '45, 933, 542 39, 165, 990 37, 054, 717 44, 389, 954 40, 078,156 44, 967, 528 51, 316,197 56, 772, 527 66, 041,143 6D, 330, 437 72, 355, 950 66, 056, 754 60, 616,055 62, 379, 896 456, 004, ,575 694, 283, 679 811, Gross expenditures. Public de^t. $1,177, 863 03 2, 373. 611 28 2, 097, 859 17 2, 752, 523 04 2, 947, 059 06 3, 239, 347 3,172, 516 73 2, 955, 875 90 2,815, 651 41 3, 402, 60 L 04 4,411, 630 06 4, 239, 172 16 • 3,949,462 ,36 4,185, 048 74 2, 657, 114 22 3, 368. 968 26 3, 369, 578 48 2, 557, 074 23 2, 866, 074 90 3,163, 671 09 2, 585,435 57 ' 2,451,272 57 3, 599. 455 22 4, 593,239 04 5, 990.090 24 7, 822.923 34 4, 536,262 55 6, 209, 954 03 5,211, 730 56 5,151, 004 32 5,126, 073 79 5,172, 786 79 4, 922, 475 40 4, 943, 557 93 4, 366, 757 4! 3, 975, 542 95 3, 486, 071 51 3, 098, 800 60 2, 542, 843 23 1.912. 574 93 1, 373, 748 74 561 50 772, 796 87 303, 152 98 202, 863 06 57, $18, 23; 43 82,865 81 69,713 19 170, 063 42 420,498 64 2, 877, 818 69 8t2, 047 39 385, 372 90 363,572 39 5';!4,443 08 ary 1, 1843, to J u n e 30, 1843.- 14, 996 399, 633 174, 598 284, 977 773, 549 523, 583 1,833, 452 1, 040, 458 642, 723 1.119, 214 2, 390, 765 • 3,565,535 3, 782, 393 .3, 696, 760 4, 000, 297 3, 665,832 • 3,070,926 2,314, 464 1, 953,822 1, 593,265 1, 652, 055 2, 637, 649 3,144, 120 4, 034, 157 13,190, 344 24, 729, 700 53, 685, 421 48 89 08 55 85 91 13 18 27 72 88 78 03 75 80 74 69 99 37 23 67 70 94 30 84 62 69 984 693, 050 2, 633, 048 2, 74-3,771 2,841, 639 2, 577, 126 2, 617, 250 976, 032 1, 706, 578 23 25 07 13 37 01 12 09 64 1,1.33, 563 11 2, 879, 876 98 5, 294, 235 24 3, 306,697 07 3, 977, 206 07 4, 583, 960 63 5, 572, 018 64 2, 938, 141 7, 701, 288 3, ,586,479 4, 835, 241 5, 414, 564 1,998, 349 7, 508, 668 3, 307, 304 6,638, 832 17, 048, 139 20, 686, 753 15, 086, 247 2, 492, 195 3, 477, 489 3, 241, 019 2, 676, 160 607, 541 11, 624, 835 7, 723, 587 7, 065, 539 6, 517. 596 9. 064, 637 9, 360, 304 9, 443, 173 14, 800, 629 17, 067, 747 1, 239, 746 5, 974, 412 328 21. 822 • 5, 590, 723 10, 718, 153 3,912, 015 5, 315, 712 7, 801, 990 338, 012 11,158, 450 7, 536, 349 371, 100 5, 600, 067 13, 036, 922 12, 804, 478 .335 • 3, 656, 654, 912 2,152, 293 6,412, .574 17, 556, 896 6, 662,065 3,614, 618 . 3,276,606 7, 505,250 14. 685,^043 250 13, 854, 100 18,737„ 322 96, 097, 635 181, 081, 014 430, 572, 62 96 26 12 43 86 22 90 11 59 57 59 73 96 83 33 01 63 38 24 88 47 77 29 48 79 51 21 20 91 79 53 62 1 09 64 71 49 04 65 54 54 14 71 05 01 95 66 66 05 82 15 00 00 09 07 03 11, 11, 12, 13i 11, 12, 13, 15, 11, 16, 13, 13, 13, 22, 39, 38, 39, 48, 40, 35, 24, •21, .19, 17, 15, 31, 23, 24, 22, 25] 25, 24, 30, 34, 24, 24, 17, 30, 37, 39, 37, 28, 31, 32, 12, 33, 30, 27, 60, 60, 56, 44, 43, 46, • 54, 75, 66, 72, 71, 82, 8.3, 77, 85, 565, 899, ,295, 436 920 977 593 240 776 877 618 396 534 376 467 983 113 309 196 292 702 226 994 604 121 520 230 493 495 646 875 199 024 572 '592 171 538 604 398 764 479 356 78 Of) 97 17 15 84 37 41 97 12 94 31 67 72 47 26 99 04 30 49 86 15 36 32 35 51 04 40 73 85 69 63 00 47 72 46 04 52 40 281 ,55 446 12 698 06 298 49 982 44 141 56 164 04 0.37 15 438 35 936 15 533 6 530 03 '876 53 105 15 010 85 408 71 282 851 143 422 716 l'04 603 061 170 775 341 587 186 642 125 313 563 911. 90 74 19 74 26 31 83 74 75 96 57 37 74 92 65 08 74 25 114 66 Balance • in T r e a s u r y at the end of the y e a r . $973, 905 783, 444 753, 661 1,151 924 516, 442 75 51 69 17 61 42 04 43 77 99 00 64 60 26 99 80 07 96 78 57 80 41 00 63 88 19 48 74 38 21 24 55 81 13 43 18 10 995 1, 021, 899 617, 451 2,161, 867 2, 623, 311 3, 295, 391 ^,020, 697 ,825, 811 , 037,005 i, 999,388 , 538,123 ', 643,850 ,941, 809 :, 848,056 •, 672,276 , 502, 305 , 862, 217 ', 196, 542 , 727, 848 1,106. 592 I. 033,519 „ 989, 465 ,478, 526 I, 079,992 ,196, 461 ,681, 592 , 237, 427 ', 463,922 ,946, 597 1,201 650 :. 356,686 ', 668, 286 ', 972, 435 81 ', 755, 704 79 ',014, 539 75 ,502, 914 45 1,011, 777 .55 ,702, 905 31 I, 892, 8.58 42 :, 749,803 96 ', 708, 436 00 ', 327, 252 69 ;, 891 196 94 :, 157, 503 68 ', 963,163 46 :, 685,111 08 \ 521 979 44 . 186, 284 74 :, 742,829 62 ;, 194,274 81' i,261 959 65 :,079 276 43 , 416;612 45 • :, 827,082 69 ,871 753 31 ', 158; 353 25 ,'338, 860 02 1,261 901 09 , 591 073 41 , 777, 672 13 1,108, 229 60 •, 802,855 00 ', 113,334 22 1,193, 248 60 :, 979, 530 78 i, 963, 8.57 83 1, 96.5,304 87 •, 523,046 13 , 433,738 44 16 REPORT OF THE SECRETARY OF THE.TREASURY. TABLE li.—Statement of the exptenditures of the United Year. 1865 1666 1867 1868 1869 1870 1871 1672 1873 War. Indiaus. Navy. Miscellaneous. Pensions. $1, 0.30, 690, 400 06 283,1.54, 676 06 $122, 617, 434 07 43,285, 662 00 $5, 059, 360, 71 3, 295, 729 32 $16,347,621 34 15, 605, 549 88 $42,989,383 10 40, 613,114 17 3, 568, 633, 312 26 *3, 621, 780 07 717,551,816 .39 *77,992 17 • 103,369,211 42 *53, 286 61 119,607,6.56 OL *9,737 87 643, 604, .554 33 *718, 769 52 3, 572, 260, 092 95, 224, 415 • 123, 246, 646 78,501,990 57,65.5,675 3.5, 799, 991 35,372,157 46, 323,136 717, 629, 806 31,034,011 25, 775, 502 20, 000, 757 2^1, 780. 229 19,431,027 21, 249, 809 23, 526,256 35 63 62 61 40 82 20 31 4, 044, 384,109" 94 56 04 72 97 87 21 99 79 103,422,498 03 4. 642, 531 77 4, 100, 682 32 7, 042, 923 06 3, 407, 938 15 7. 426, 997 44 7,061,728.82 7,951,704 88 880,427, 404 15 145, 057, 004 47 119,617,393 20,936,551 • 23,782, 386 28,476,621 28, 340, 202 34, 443; 894 26, 533, 402 29,359,426 88 71 78 78 17 68 76 66 313, 489, 880 82 644, 323, 323 51,110, 223 . 53.009,867 56,474, 061 53,237,461 60,481,916 60, 984, 757 73, 328,110 85 72 67 53 56 23 42 06 1,052,949,722 04 * Outstanding- N O T E . — T h i s statement is made from w a r r a n t s paid b y the T r e a s u r e r u p to J u n e 30,1866. Theb a a n c e in the T r e a s u r y J u n e 30, 1873, b y this statement, is $159,293,673.41, from which should beoO, 1873, $131,192,028.50. • • R E P O R T OF T H E SECRETARY OF T H E TREASURY. 17 States from March 4, 1789, to'June 30, 1873—Continued. Year. Net ordinary expenditures. Premiums. Interest. Public debt. Gross expenditures. Balance in Treasury at the end of the y e a r . 1865 $1, 217. 704,199 26 .$li!717.900 11 i 58, 476 51 1866 385, 954, 731 43 $77, 395, 090 30 $609,616,141 68 $1, 906, 433, 331 37 $3.3; 933, 657 89 133, 067, 624 91 620, 263, 249 10 1,139, 344, 081 95 165, 301, 654 76 7,1611,003 56 11 602, 689, 519 27 2,374, 677,103 12 8, 037, 749,176 38 *100 31 *2, 888 48 *4, 484, 555 03 *4, 484, .555 03 5,157, 253.116 67 7,,611. 003 56 202, 947, 733 87 10,1313, 349 38 229,915,088 11 7,001,151 04 19.0, 496, 354 95 1,1674,680 05 164, 421, 507 15 15, 996, 555 60 ]57,583,827''58 9, 016, 794 74 153, 201, 856 19 6, 956. 266 76 180,468,636,90 5,105,919 99 502, 692 407 75 2, 374, 677, 203 43 8, 042, 2.33, 731 41160, 817, 099 73 143,781,591 91 735, 536, 980 11 1, 093, 079, 655 27 198, 076, 537 09 140, 424, 045 71 692, 549, 685 88 1,009,889,970 74 156,936,062 87 130, 694, 242 80 261,912,718 31 584,777,996 11 18.3,781,985 76 129, 235. 498 00 393,254,282 13 702, 907, 642 88 177, 604,116 51 125, 576, 565 93 399, 503, 670 65 691, 680, 858 90 138,019,122 15 117,357,8.39 72 405, 007, 307 54 682, 525, 270 21 134, 666, 001 85 104, 750, 688 44 233, 699, 352 58 524, 044, 597 91 159,293,673 41 5,152, 771, 550 43 *4, 481, 566 24 1867 1868 1669 1870 1871 1872 1873 6, 436, 308,121 42 64, 177, 721 12 1, 394, 512, 880 265,496,141,200 63 13,391,139,923 43 outstanding warrants are th^n added, and the statement is by warrants issued from that date.. The deducted the amount deposited with the States, $28,101,644.91, leaving the net available balance, June 2 F • • 18 REPORT OF TtlE SECRETARY OF THE TREASURY. TABLE I.—Statement of the differences hetween the several accounts shoiving the outstanding principal of the puhlic deht, with an explanation thereof, so f a r as the examination of the accounts has progressed. The statementof receipts (Table G-) .shows the amount which has been covered into tbe Treasury, as derived from loans and Treasury notes, fi-om the organization ofthe Government to and includiug June 30, 1873, to have beeu S7, 614, 519,112 38 The statement of expenditures (Table H) shows the payments fi'om. the Treasury for the redemption and pui'chase of loahs and Treasury notes for the same period to have been 5,496,141,200 63 Showing the principal outstanding by these tables, June 30, 1873 2,118, 377, 911 75 The actual outstanding piincipal. at that date, as shown by Tables F and 0, and by the debt statemeut of July 1, 1873, was '. .*. 2,234, 482, 993 20 Showing -. -. -: H6,105, 081 45 more outstanding and unpaid principal by the, debt statement, and by Tables F and 0, than by the receipts and expenditures, Tables G and 11. ' •, This difference of ^116,105,081.45 is thus explained: The folloM^ng stocks were issued in payinent of various debts and claims, but in the transaction no money ever came into the Treasury. When the ; stock matured it was paid out of the general funds then iu the Tieasm.\y. This showed an expenditure where there had been no corresponding receipt, and, of course, a statement of the debt made from the receipts and expenditures on account of loans and Treasra'y notes would not be correct unless these items were added to the receipt side of the account. This caunot be done until legislation has been, had authorizing i t : . French farmers-general lean Prench loan of eighteen million livres Spanish loan of 1781 ....'. Prench loan of ten million l i v r e s . . . . . ' French loan of .six million livres Balance of supplies due France Dutch loan of 1782....: '. Dut'ch loan of 1764 Debt due foreign officers Dutch loan of 1787 Dutch loan of 1788 Interest due on the foreign debt Domestic debt of the Revolution, estimated ., : .- • $153, 688 89 3,267, 000 00 174, 017 13 1, 815, 000 00 ^ 1; 089, 000 00 , 24, 332 86 % 000, 000 00 800, 000 00 186, 988 78 1.... 400,000 00 400, 000 00 1, 771, 496 90 •.. 63, 918, 475 44 The above are the details (so far as the progress of the examination has developed them) of the item iu the finance report of 1871, (page 20,) " Eevolutionary debt, estimated, 176,000,000." Mississippi-purchase stock. Louisiana-purchase stock. : Washiuf^ton and Georgetown debt assumed by the United States United States Bank subscription stock '. Six per cent. Navy stock '. Texas-purchase stock Mexican indemnity stock ]3ountv-land scrip' Tompkins fi-aud in loan of 1798 ^... 4, 282,151 12 11, 250, 000 00 1, 500, 000 00 7, 000, 000 00 711, 700 00 5, 000, 000 00 303, 573 92 233, 075 00 1, 000 00 The following amounts represent the discounts suffered in i)lacing the loans named; only the money actually received was covered into the Treasury. The difference between this and the face value of the stock issued was thfe discount. To make the receipts and expenditures on the loan"accounts correct, these disconnts should be credited to the loans as receipts and charged to a discount account. This also requires legislation to enable it to be done: • ' Loanof 1796 .' Loan of February, 1813 .'' Loan of August, 1813 Ten-million loan of 1814 '. Six-million loan of 1814 Undesignated stock of 1814 Loan of March, 1815 .' Loan of Februai-y, 1861 The foregoing are the details of the difference of $116,105,081.45, so far as the examina- tion of the public-debt a'ccouuts has progressed. There still remains to be ex• plained Which is the resultant error arising out of differences yet to be discovered and reconciled. The full details of this item can only be given after the accounts have all been examined and corrected, and the amount of it may be increased or diminished when the examination of the domestic debt of the Revolution shall have shown what its true amount is. This examination is still being continued, for the purpose of perfecting the records. Total • ' 10,000 00 2,109, 377 43 998, 581 95 1, 983, 895 25 1, 076, 626 97 91^, 868 95 588, 820 93 2, 019, 776 10 942,433 83 116,105, 081 45 TABLE K,—Statement shoiving the condition of the sinhing-fund,'from its institution in May, 1869, to dnd including June 3d, l 8 7 l . T H E S E C R E T A R Y OF T H E T R E A S U R Y IN ACCOUNT W I T H SINKING-FUND. T o i of 1 per cent, on the principal of the public debt, being for the three months from April 1 to J u n e 30, 1863 J u n e 30, 1869, T o interest on f8,691,000, being amount of principal of public debt purchased during fiscal y e a r 1869 on this account i Balance to n e w account •. J u n e 30, 1869 J u l y . l , 1868 $6,529,219 63 B y amount of principal purchased, $8,691,000, including $1,000 donation, estimated in gold B y accrued interest on the amount of purchases in 1869.. $7, 261, 437 30 136, 392 56 25, 884, 522 14 521, 460 00 "^ ^ O W H 196,590 00 672, 020 23 7, 397, 829 86 J u l y 1, 1869.. T o 1 per cent, on the principal of the public debt on J u n e 30, 1869, §2,588,452,213.94 '. J u n e 30, 1870. T o interest on 18,691,000, araount of redemption in 1869 .. T o interest-on $28,151,900, araount of priucipal of public debt purchased during fiscal y e a r 1870 on this account • CR. 7, 397, 829 86 J u l y 1,1669. J u n e 30, 1870 1, 254, 897 00 B y balance B y amount in gold B y accrued By balance from last year ! , of principal purchased, $26,151,900, estimated interest on account of purchases in 1870 to n e w account : 27, 660, 879 14 O 672, 020 23 25, 893,143 57 351,003 54 744,711 80 27, 660, 879 14 H CZ2 w oW W Hj '..... J u l y 1, 1870.. T o balance from Lastyear T o 1 per cent, ou t h e principal of the public debt on J u n e 30, 1870, $2,480,672,427.81 J u n e 30, 1871. T o interest on redemption of 1869. $8,691,000 To interest on redemption of 1670, $28,151,900 T o interest on $29,936,250, amount of principal of public debt purchased during fiscal year 1871 on this account : • 744, 711 80 24, 805; 724 28, 521, 460 00 1,689,114 00 J u n e 30, 1871 B y a m o u n t o f principal purchased, $29,936,250, estimated in gold By accrued interest on accountof purchases in 1871 . . . . . . By balance to new account 1, 557, 264 50 29,319,274 58 ' J u l y 1,.1871.. T o balance from last year ..'. T o 1 p e r cent, on the principal of the public debt o.n J u n e 30, 1871, $2,353,211,3.32.32 J u n e 30, 1872. T o interest on redemption of 1669, $8,691,000 To interest on redemption of 1870, $28,151,900 To interest on redemption of 1871, $29.936,2.50... T o interest of redemption of $32,618,450, amount of principal of public debt purchased duriug fiscal j^'ear 1672 on this account T o balance to n e w a c c o u n t . . . ..,..i.. 28, 694, 017 73 367, 782 53 257, 474 32 257, 474 32 23,532,113 521,460 L 689,114 1, 796,175 32 00 00 00 29,319,274 58 J u n e 30, 1872. B y amount of principal purchased, |32,61S,450, estimated in gold B y accrued interest on account of purchases in 1872 32, 248, 645 22 ' 430, 906 38 H' ill M H t^ P> CO W K 2, 059, 325 50 2,.823, 891 46 32, 679, 553 60 > W ^ o ^ 32, 579, 553 60 BR. TABLE K.—Statement showing the condition ofthe sinking'fund, t^-c.—Continued. J u l y 1, 1872.. T o 1 p e r cent, on the principal of the public debt on J u n e 30, 1872, $2,253,251,328.78 •. J u n e 30, 1873. T o interest on redemption of 1869, $8,691.000 To interest on redemption of 1870, $28.151,900 T o interest on redem ption of 1871, $29,936,250 T o interest on redemption of 1872, $32,618,450 T o interest on redemption of $28,678,000, amount of principal of public debt purchased during fiscal year 1873 on this account ,...: To. balance to n e w account J u l y 1, 1872.. B y balance from last year 532, 513 29 J u n e 30, 1873: B y amouut of principal purchased, $28,678,000, estimated in gold 521, 460 00 689,114 00 By accrued interest on account of piirchasesin 1873 796.175.00 957, 107 00 CR. to o $2, 823, 891 46 28, 4.57. 562 83 392,-385 45 O 725, 881 50 451,588 95 673,839 74 31, 673, 839 74 o H. Kj TABLE L.—Statement shoiving the purchases of' honds on account of the sinMng-fund during each fiscalyear from its institution in May, 1869, to and including JuneZ0,l&73. • • Principal redeemed. Y e a r ended^ P r e m i u m paid. Net cost iu currency. N e t cost estim a t e d in go d. Interest due a t close of fiscal year. Accrued iuterest paid in coin. Balance of i u ' terest due at close of fiscal year. O JUNE 30, 1869. Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols,. 186'8 of 1862 of INIarch, 1864 of J u n e , 1864 of 1665 $1,621,000 00 70, 000 00 1,051,000 00 465. 000 00 461,000 00 4,718,000 00 305, 000 00 ' .-. .• Total 8,691,000 00 X , ..'..-, J U N E 30, Five-twenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 84 00 45 00 80 08 50 $1,874,822 81, 725 1,212,946 539, 969 534,736 5, 467, 208 354, 442 84 00 45 00 80 08 50 $1,349,970 57, 552 87.3,205 - 387, 566 387. 903 3,948,586 256, 653 02 82 61 28 26 11 20 $16,210 700 10,510 ^ 4,650 13,8:30 141,540 9,150 00 00 00 00 00 00 00 $7, 384 218 1,470 2,683 429 116, 032 • 8,173 60 63 42 54 04 35 98 $8, 825 481 9, 039 1, 966 13, 400 25, 507 976 40 37 58 46 96 65 02 196,590 00 136, 392 56 . 60,197 44 3,263,099 51 75, 6.58 543, 647, 628 29 2, 606, 636 20 10,681,7.36 97 5, .309 810 90 308,573 16 160.919 .50 5, 350 00 16.5, 834 00 105,257 5049.5, 421 .50 302, 734 50 19, 380 00 45,994 49 1,080 99 49, 946 00 37,113 .53 14.5,518 29 66,111-51 5, 238 73 114,925 4,269 115,888 68,143 349, 903 236, 622 14,141 31, 898, 953 68 25, 893,143 57. 1,254,897 00 351,003 54 903, 893 46 3, 020,557 56 227, 607 56 31,777 20 2, 277 20 4, 307, 879 63 340, 529 63 7, 343, .523 00 574,923 00 850, 949 79 11,073,149 79 541,559 41 6,644,609 4L 4,764 61 57,384 61. 2, 680, 209 05 • 2&, 590 88 .3,847,182 42 6, .525. 231 42 9, 762, 387 78 5,800,618 87 •49,797 81 1,374,850 67 10. 065, 850 67 00 00 00 00 00 00 00 493, 479 42 15,742 87 506,189 91 361,735 43 1, '154, 778 37 861,763 73 -53, .363 95 4., 035, 529 42 100, 742 87 4,477,589 91 3,151,985 43 12, 986, 928 37 6,744,313-73 401, 863 95 , 151, 900 00 3, 747, 053 68 7,261,437 30 H O o JtJNE30, 1870. Five"-twenties of 1662 Five-twenties of March, 1864 Five-twenties of J u n e , 1864 F i v e twenties of 1865 Consols, 1865 Consols, 1867 ...". " Consols, 1868 ' Total $253, 822 11, 725 161,946 74, 969 73, 736 749.208 49, 442 Total 01 01 00 97 21 99 27 O H 1671. of 1862 of M aixh, 1864 of J u n e , 1664 .1 of 1865 .,..• 3. 542, 050 85, 000 3, 971, 400 2, 790, 250 11,.532,150 5, 882, 550 348, 500 .. 2, 792, 950 29, 500 3, 967, 350 6, 768, 600 10,222,200 6, 103, 050 52, 600 CO 00 00 00 00 00 00 29, 936, 2.50 00 2, 542, 631 20 32, 478, 881 20 28,694, 017 73 145, 975 00 1,240 00 201,375 00 331, 933 "50 522, 117 00 351, .528 00 3, 096 00 1,,557, 264 50 36, 657 3SS 51,703 92v259 '109,455 76, 745 572 SO 35 46 58 28 93 13 367, 782 53 109,317 20 85 L 65 149,671 .54 239, 673 92 412,661 72 274, 782 07 2, 523 87 d 1,189,481 97 to to to TABLE h.—Statement shoiving the purchases of honds on accountof the sinUng-fund during eachfiscalyear from its institution, tf-c.—Continued. Principal redeemed. Y e a r ended— J U N E 30, in curP r e m i u m paid. Net cost rency. Net cost estimated in gold. Interest due at close of fiscal year. Accrued interest paid in coin. Balance of interest due at close of fiscal year. o 1872. Five-twenties of 1862 Five-twenties of Marchj 1864 Five-twenties of J u n e , 1864 .Five-twenties of 1865 Consols, 1865 Consols, 1 8 6 7 . . . . Consols, 1863 $6, 417, 850 127,100 3, 604, 650 3. 035, 200 11. 788; 900 6,9.58,900 85, 850 Total 00 00 00 00 00 00 00 32. 618, 450 00 $764,055 14,9.59 438,656 436, 838 1, 436, 989 83.3,600 9, 951 • 21 03 16 70 46 15 63 3, 935, 050 34 $7,181,905 142. 059 4. 04.3, 306 4; 072, 038 13, 225, 889 '7,792,-500 95,801 21 03 16 70 46 15 63 36. 553, 500 34 $6, 345, 391 1.26,123 3, 573, 223 3, 594, 747 11, 660, 785 6, 863, 777 84, 595 98 46' 63 85 89 39 02 32, 248, 645 ^-22 $427, 849 8,894 246, 001 246, 562 707, 334 417, 534 5,151 00 00 -50 00 00 00 00 2, 059, 325 50 • $75,179 l,-338 57, 449 37,817 149,248 108,487 1, 386 43 70 80 .37 21 92 95 430, 908 38 $352, 669 7, 555 188.551 208,744 558, 065 309, 046 3,*764 57 30 70 63 79 08 05 o 1,628,417 12 O J U N E 30, 1873.- Fivetwenties Five-twenties Five-twenties Five-twenties Consols, 1865 Consols, 1867 Consols, 1868 of of of of 1862 '. March, 1864 J u n e , 1864 1865 7,137,100 50, 000 3,741,150 1, 959, 850 10, 768, 250 4,402,100 619, 550 '., ' Total G r a n d total , 00 00 00 00 00 00 00 925, 783 7; 372 480, 684 250, 635 1,371,187 • 5.53,610 81,983 87 50 37 93 17 89 44 8, 062, 883 87 57, 372 50 4,221,834 37 2, 21.0, 48.5- 93 12,1.39, 437 17 4,95.5,710 89 701,533 44 7, 089 542 58 49,780 91 .3,715,211.22 1, 943, 488 93 10,668,617 09 4,373,781 76 617,140 34 431,450 50 .3, 500 00 223, 270 50 120, 266 50 646,095 00 264,126 00 37, 173 00 26, 678, 000 00 3,671,258 17 32,349,258 17 28, 457, 562 83 1, 725, 881 50 128, 075, 600 GO 15, 270, 844 06 143, 346, 444 06 122, 554, 806 65 6, 793, 958 50 101, 960 813 42,216 23,744 145, 069 69, 632 8, 948 57 70 46 47 3451 40 392, 385 45 1, 678, 472 ' 329, 489 93 2, 686 -30 181,054 04 96, 522 03 501,025 66 194, 493 49 28,224 60 H O' 1, 333, 496 05 5, 115, 486 04 H td TABLE M.—Statenient showing the purchases of honds in excess of the amount reqiiired for the sinhing-fund during each fiscal year from the commencement of the purchases in May, ISQ^, to and including June 30, 1B73. . Y e a r ended— <> . Principal redeemed. Preraiura paid. Net cost in currency. Net cost estimated in gold. Interest due a t close of fiscal year. Accrued interest paid in coin. Balance of interest due. a t close of fiscal year. o JUNE 30,1870. F i v e - t w e n t i e s of 1862 Five-twenties of March, 1864.« Five-twenties of J u n e , 1664 Five-twenties, 1865 Consols, 1865 Consols, 1867 Consols, 1863 Total H , , $9, 975, 250 00 597, 400 00 11, 742, 700 00 7, 620, 350 00 36,"118, 200 00 18, 426, 800 00 2,105. 500 00 $1, 438, 465 74 $11,413,715 74 116,951 00 714,351 00 1, 767, 653 37 13,510,353 .37 1,102, 967 36 6,723,317 30 5, 242, 087 61 41, 360, 287 61 21.349,245 22 2, 922, 445 22 2,470.379 14 364,879 14 $9, 026, 361 36 532,076 2L 10, 680. 518 21 7,051,018 61 32, 775, 094 65 16,374,2.50 02 1, 869,116 40 $502, 456 55 40, 948 00 589, 697 55 " 328, 437 85 1,861,918 50 1, 037, 727 00 123, 495 00 $110, 968 99 9,621 13 146,031 16 94,005 47 483, 633 72 206, 748 21 23,141 27 86, 586, 200 00 12, 9.55, 449 44 99,541,649 44 78, 308, 437 46 4, 434, 680 45 1, 074,149 95 $391,487 56 31,326 87 , 443, 666 39 234, 432 38 1, 378, 284 -78 630, 978 79 100, 353 73 3,410,530 50 O CO Q J U N E 30, 1871. Five-twenties of 1862 Five-twenties of March, 1864 Five-twenties of June,-1864 Five-twenties, 1865 Consols, 1665 Consols, 1867 Cou.sols, 1868 Total 7, 695, 250 00 100, 500 0(f 7,145, 950 00 9,117,750 00 24, 476, 800 00 10, 741. 550 00 163,600 00 8, 420, 693 91 7g.5, 443 91 111.362 25 10,862 25 7, 803, 620 36 657, 670 36 * 877, 4.59 15 . 9, 995, 209 15 2, 348, 715 .50 26,825.515 50 11. 753, 035 32 1,011,485 32 • 180, 402 01 • 16,802 01 59, 441, 400 ,00 5, 648, 438 50 12, 364, 000 00 54, OOO 00 4*299. 550 00 1, 868. 400 00 7, 909, 700 00 705, 750 00 8, 950 00 27, 210, 350 00 7,517,031 86 100,135 51 6. 968, 994 28 8, 875, 458 67 23, 917, 450 48 10, 430, 837 44 159,625 18 315, 865 00 1,- 335 00 280, 772 50 362,211 00 988, 482 00 478, G47 00 6,813 00 68,115 14 196 94 68, 675 02 90,1.47 01. 355, 28a 04 153,991 14 2, 780 76 65, 089, 838 50 57, 969, 533 42 ', 433, 525 50 779,166 05 1, 359, 618. 69 6, 549 90 495,186 15 209, 232 93 999, 620 72 95, 071 84 1,170 36 13,72.3,618 69 60, 549 90 4, 79 i, 736 15 2, 077, 632 93 8, 909, 320 .72 800,821 84 10, 120 36 12,317,868 .38 53,884 81 4, 279, 233 48 1,858,868 91 7, 875, 863 64 703, 446 24 8,918 01 354, 487 00 1,020 00 104,153 50 49, 536 00 237,501 00 21,285 00 283 50 132, 389 84 389 92 46, 626 09 16, 649 96 155, 887 37 13, 956 70 186 94 222,097 16 630 08 57, .527 41 32, 886 04 81,613 63 7, 328 30 96 56 3, 166, 450 59 30, 376, 800 59 27, 098, 083 47 '768, 266 00 366, 086 82 402, 179 1 8 . 227, 749 86 1,138 06 192, 097 48 272 063 99 633,201 96 324, 055 86 4,032 24 . 1,654 339 45 o H J U N E 30, 187.2. Five-twenties of 1862 Five-twenties of March, 1864 Five-twenties of J u n e , 1864 Five-twenties, 1665 Consols, 3865 Consols, 1667 Co.nsols, 1868 Total > cn d K! to oo TABLE M.^Statement showing the purchases of honds in excess of the amount required for the sinhing-fund during each fiscal year, ^-c.—Continued. Principal r e deemed. Year e n d e d - P r e m i u m paid. Net cost in currency. N e t cost estimated in gold. Interest due a t close of fiscal year. Accrued iuterest paid in coin. IN3 Balance of iu- . terest due a t close of fiscal year. JUNE 30. 1873. Five-twenties of 1862 Five-twenties of March, 1864 Five-twenties of J u n e , 1864 Five-twenties, 1865 Consols, 1865 ' Consols, 1867 Consols, 1868 T o t a l . . .• Grand t o t a l . . . . . - -. -.. $3, 092, 200 6, 300 1, 915, 450 550, 700 2, 279, .700 857, 250 302, 200 00 00 00 00 00 00 00 $435, 582 956 272, 520 78, 272 325, 646 131,063 47, 386 12 16 18 53 23 53 90 $3, 527, 782 7, 256 2,187, 970 628, 972 2, 605, 346 986,313 349, 586 12 16 18 53 23 53 90 $3, 052, 928 6,162 1, 895, 085 543, 974 2, 254, 176 848, 313 297, 854 79 53 70 45 05 40 93 $113,440 198 65, 666 16, .590 68,391 2.5, 717 9, 066 00 00 50 00 00 50 00 $56, 369 39 4 14 28, 376 89 8, 259 4325, 908 86 6,233 17 5, 970 88 61 86 61 57 14 33 12 9, 003, 600 00 1,291,427 65 10, 295, 227 65 6, 896, 495 90 301,069 00 w 162,241,750 00 23, 061, 766 IS 205,303,516 18 172, 274, 550 25 ~7, 987, 540 95 Q N O T E . — T h i s and the preceding t a b l e show the entire araount of bonds purchased frora the commencement of the purchases'to and including J u n e 30, 1873. tention is invited to the note at the end of T a b l e N. " .. $57,070 193 37. 269 10, 330 ' 42, 482 • 19,484 3, 095 O H O I n this connection at- H K!. O a !2 P,n3 D a t e of purchase. . 3 P. o p, a, "fl 1 a < o .s -^ •T3 "5 g . i -t-i fl li.a g © fl 03- .1 ^a| • > P.PH < (U o .fl p. b o o < Average rate of premium on total purchases to date. 0) Currency value of interest accrued on bonds bought "flat." TABLE 1^.—Statement showing the purchases of honds from May, 1869, to Septeinher 30, 1873. fl .^ "^ s . m III o 1869. May June July AuD'ust 12 19 19 27 3 . 10 16 ]7 23 26 1 3 9 14 15... 2L 28 29 4"* 11.. 12 18 25..-Ofi September October 1.38=V " ' . . ' . . . . . l... 8 9 ' 15 22 23 25 29 6.. ... . :. •. 7 7 13 20 ' ' ...... 142 142 139^ 138i 1381 138 ]38i 137i 137i I37b^ 137 136 137f 137 135i 1364135| 136 135* 135i 133 133i I33i 13.3^ .136 135J 136i 137f I41i 133f 133i 130 13li 13H 130i 130 $1,155,070 00 $1,000,000 00 • 81, 718 00 70, 000 00 L 168, 5.12 10 1, 000, 000 00 1,153, 581 50 1,000,000 00 1, 000, 000 00 1.164, 056 90 1, 000, 000 00 1,161,967 00 1, 000 00 1,155 00 1,000,000 00 1,152, 950 00 1, 620, 000 00 1, 670, 402 50 1, 000, 000 00 1,158, 228 25 1,158, 098 75 1, 00.0, 000 00 3,496,474 00 • ,3, 000, 000 00 3, 518, 044 00 3, 000, 000 00 3, 607, 622 90 3, oot), 000 .00 1,000,000 00 1, 201, 850 00 3, 000, 000 00 3, 600, 028 80 3, 000, 000* OiJ^ • 3, 604,859 00 1,000,000 00 1,201,570 55 2. 000, 000 00 2,431,136 80 2, 000, OOO 00 2, 422, 038 27 1,000,000 00 1,198, 931 70 2, 000, 000 00 • 2, 378, 781 81 2, 000, 000 00 2, 389, 539 01 1,000,000 00 1,196, 247 80 2,000,000 00 2, 401, 991 00 2, 000, 000 00 2, 356, 000 00 1,183, 972 53 1, 000, 000 00 2; 369, 639 55 2, 000, 000 00 • 2, 000, 000 00 2, 337, 657 62 1,000,000 00 1.165, 543 50 3, 000, 000 00 3, 537,158 16 3, 000, 000 00 3, 473, 533 12 2, 000, 000 00 2, 319,139 18 1,000,000 00 • 1,159, 945 10 *153, 500 00 178,187 69 2, OOQ, 000 00 2,318,863 53 2, 000, 000 00 2, 314, 079 00 $2, 504 36 711 78 ' $ 1,152,-565 64 61. 718 00 1,168,512 1.0 1,153, 581 50 1.164, 770 68 1,161,967 00 1,155 00 1,152,950 00 1, 870, 402 50 1,158, 223 25 1,158, 098 75 3,496,474 00 3,518.044 00 3, 607, 622 90 1,201,850 00 3, 600, 028 60 3, 604, 859 00 1,201.570 55 2, 431,136 80 2, 422, 038 27 1,198,931 70 2,378,781 81 2, 389, 539 01 • L 196, 247 60 2, 401, 991 00 2, 356, 000 00 1,183, 972 53 2, 369, 639 55 2, 337, 657 62 1.165, 548 50 3, 537,158 16 3, 473, 533 12 2, 319,139 IS . 1,159, 945 10 178.187 69 2, 318; 883 53 2, 314, 079 00 - $832,177 36 57, 548 45 822, 895 85 826, 940 14 842,510 43 838, 208 84 835 44 833,960 21 1, 364, 012 76 842,347 82. 842,253 63 2, 552, Jr70 80 2,^586, 797 06 2,626,113 12 877, 262 77 2,664,221 12 2, 640, 922 34 865,134 84 1, 787, 600 59 1, 787, 482 12 887, 276 00 1, 788, .557 75 1, 793, 275 07 893, 555 78 1, 800, 930 46 1, 732, 352 94 671,368-92 1, 740, 782 04 1, 697, 029 12 822, 982 17 2, 647, 078 14 2, 599, 463 51 1, 783, 953 22 884,610 18 135,891 47 1,782,043 06 1, 780, 060 77 15.26 83.22 16. 74 82.21 16.85 82.29 15. 36 82.69 16. 48 84.25 16. 20 83. 82 15. 5083. 54 15.30 83.40 15.46 84.20 15. 82 84.23 15.81 84.22 16.54 85. 07 17. 27 86. 23 20.25 87.54 20.18 87.73 20.00 88.61 20.16 88.03 20.16 88.51 21.56 89. 38 21.10 . . 89:37 19.89 88. 73 18.94 89. 43 19. 48 89.66 19. 63 89.36 20.10 90.05 • 17.80 86.62 18.40 87.14 18.48 87.04 16.88 84.85 16.55 82. 30 17.91 88.24 15. 78 86. 65 15.96 89.20 15.99 88.46 -16. 08 88.53 15.94 89.10 15.-70 89.00 O < hrj H , 15. 64 82.72 Ul o 15. 82 83 55 17. 85 85 93 16.48 80 87 O Ul cl 18.33 86 91 to TABLE ^.—Statement showing the purchases of honds from May, 1869, to Septemher 30, 1873—Continued. to fl /, •" fl ' o o D a t e of p u r c h a s e . ai o p.t3 S P o =^ "^ •T) 3 t- fl > P^p< S .2 0-: <D p . a O H .O 1669. October 21 27... , 3 , 4 4.-. 5 5 , 10 17 , 17 24 , December 1 2 8.'.'.'."'.'." 15 , 16 November 2\).'.'.'.'.'.'.'.'.'. 30 130i 130i 127f 1261 126f 1264126i 1261 127i 127i 1261 122i 122i 1231 121f 121t 120i 1191 119f $1,000, 000 00 2,000, 000 00 2, 000,000 00 1, 000,000 00 1, 000,000 00 *201, 300 00 *433, 000 00 2, 000,000 00 2, 000,000 00 1, 000,000 00 3. 000,OUO 00 000 00 • 2; 000, 1, 000,-000 00 2, 000,000 00 2, 000.000 00 1,000 000 00 2, 000,doo 00 2, 000,000 00 1, 000,000 00 $1,152, 000 2,- 292,600 2, 257,255 1,126, 843 1,129, 090 227, 580 492, 158 2, 259,000 2, 256.513 1,129, 039 3, 382,483 2,206, 992 1,102, 659 2, 248,236 2, 239,710 1, 118,412 2, 215,985 2, 220,427 1,110, 507 00 00 21 74 29 43 94 00 69 02 67 21 61 56 90 34 83 12 80 2,'246, 595 517, 400 1, 539,826 1, 141,010 2, 281,555 1,142, 872 1,126, 500 . 56,325 1,115, 764 1,117, 486 1, 107,377 1,067. 347 1, 067,480 1, 060,440 1,069, 985 1, 070,574 1, 073,953 03 49 93 09 49 27 00 00 80 85 50 35 27 34 26 91 37 $167 43 2,917 87 $1,1.52, 000 2, 292,600 2, 257,255 1,126, 843 1,129, 090 ' 227.413 489, 241 2, 259,000 2, 256,513 1.129, 039 3, 382,483 2, 206,992 1, 102,659 236 " 2, 248, 2, 239,710 1,118, 412 2, 215,985 2, 220,427 1,110, 507 00 00 21 74 29 00 07 00 69 02 67 21 61 56 90 34 83 12 80 2, 246,595 517, 400 1, 539,794 1,141, 010 2, 281,555 1, 142,872 1, 126,500 56, 325 1,115. 764 1,117, 488 1, 107,377 1, 067,,347 1, 067,480 1, 060,440 -1. 069,985 1,070, 574 1, 07.3,953 03 4935 09 49 27 00 00 80 85 50 35 27 34 26 91 37 302 59 1,761, 644 36 1, 768.662 26 869, 906 21 891, 680 39 179, 773 12 751 63 , 386, 1, 780,492 61 1, 775,035 35 888, 1.32 95 .2, 671,260 54 1, 807,1*58 41 901, 971 06 1,818, 593 73 1, 839,598 27 919, 557 94 1, 844,733 26 1, 852,.285 40 926, 388 15 15.20 14.63 12. 86 12.63 12.91 12.97 12.99 12. 95 12.83 12.90 12. 75 10.35 10.27 12.41 11.98 11.84 10.60 11.02 11.05 17.80 87.20 GO w 87.48 .16.13 88.20 February • . March April 5 11 11 13 19 27 10 11 24 24 2 10 17 24 "30 7 13 , ...., , :., , , , 119f 122^ 1224121f 12U 122 120^ 120i cll7-f 117-1 1161 111 112 112^ Illi 112 112i 2, 000,000 *45L, 700 *1, 342,550 1, 000,000 2, 000,000 1, 000,000 1,000, 000 50, 000 1, 000,000 1, 000.000 1, 000,000 1, 000,000 1, 000,000 1, 000.000 1, 000,000 1. 000.000 1, 000,000 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 32 58 1, 876,071 • 422,367 1,256, 974 938, 137 1, 877,823 936, 780 932, 919 46, 888 948, 577 950, 043 951, 559 961, 574 953, 107 942, 613 ^ 956,411 955, 870 954, 625 01 75 98 79 45 55 25 66 94 66 61 19 39 63 41 46 22 12. 33 14.54 14.69 14.10 14. 08 14.29 12.65 12.05 11.57 11.75 10.74 6.73 6.75 6.04 7.00 7.06 7.39 O W O hj td- 1870. January hj H H i^ 88.55 w 15.79. May June 21 27 30 30 5 12 12 19 26 2...: 9 16 o;j 113f 113i 1141 114i 114i 115t 1151 1141114i 114^ 113i' 113i lllf 20'.'.'.'.'."'.'.'. IIH 7 11 11 1.4..-• 21 28 August 4 11 IS 25 September 1 8 15 22 29 October 6 13 20 27 November 3 3 3 10 17 25 December 1 — 8 15 22 29 , •.., , July , 1121 12li 12H 121^ im 116f im "... , •. , , . 1671, 4 11 18 25 . February 1 im im im January , 116f 114 114f 113 J 113i 113 im 1121 112 llUf llOi llOf 110§ 113 112 11 Of llOf IIU not 1,000, 000 1, 000,000 ^345, 400 *758. 800 2, 000,000 *l 850 1, 000,000 2, 000,000 1, 000,000 2, 000,000 1,000, 000 2, 000,000 1, 000,000 2, 000,000 L O O O , 000 *690, 400 *1, 683, 150 2, 000.000 1, 000,000 2, 000,000 1,000, 000 2, 000,000 1, 000,000 2, 000,000 1,000, 000 3, 000,000 2, 000,000 3, 000,000 2, 000,000 2, 000,000 2. 000,000 2, 000,000 2, 000,OUO 1, 000.OUO *245; 850 *.542, 250 1, 000,000 1, 000,000 1, 000,000 1, 000,000 1, 000,000 1, 000,000 1, 000,000 1, 000,000 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 1, 078,778 1,100, 490 . 390,847 859 029 2, 215,447 2, 074 1,118, 370 2, 230,611 1.108, 910 2, 223,766 1.109, 976 2, 217,755 1,104, 612 2, 218,005 1,107, 000 758, 749 1,'848, 423 2.182, 332 1, 070,136 2,162, 085 1, 085,712 2,191,414 1, 097,329 2,181, 093 1, 091.038 3, 272,957 2.183, 503 3, 281,789 2, 177,057 2,174, 300 2,170, 465 2; 170, 236 2,165, 529 1, 077,696 265, 173 584, 808 1, 072,263 • 1,064,972 1, 065,650 1,064, 917 1, 063,854 1,065, 972 1, 064,459 1, 064,473 18 79 25 25 70 31 86 87 71 41 64 94 10 71 00 60 96 89 00 83 21 93 29 02 65 77 11 74 86 26 37 48 30 19 81 61 90 36 15 08 32 75 26 95 7, 826 65 18,099 70 3 85 1,078,778 18 1,100, 490 79 38.3, 020 40 840, 929 55 2, 215, 447 70 2, 070 46 1,118,370 86 2, 230, 611 67 1,108,910 71 2, 223, 786 41 1,109,976 64 2,217,755 94 1,104,612 10 2, 218, 005 71 1,107. 000 00 758. 749 60 1, 648, 423 96 2,182,332 89 1, 070,136 00 2,162, 085 63 1,085,712 21 2, 191,414 93 1. 097, 329 29 2,181, 093 02 1, 091, 038 65 3, 272, 957 77 2,183, 503 11 3, 281, 789 74 2,177, 057 86 2,174, 300 26 2,170,465 37 2,170, 236 48 2, 165, 529 30 1, 077, 698 19 265,173 81 584,800 .55 1, 072, 263 90 1, 064, 972 36 1, 065, 650 15 1, 064, 917 08 1, 063, 854 32 1, 065, 972 75 1, 064, 459 26 1, 064, 473 95 7.88 951,513 28 966,402 45 10.05 333, 423 63 10.89 732, 038 78 10.82 1, 932, 778 80 10.77 1, 794 55 11.92 •969,335 52 11.84 1, 943, 888 34 11.53 970, 600 16 10.89 1, 942,171 53 11.19 977, 952 99 11.00 1, 960, 447 24 10.89 989,574 11 • 1.0.46 1,987,015 19 10. 90 987, 290 97 10. 70 659, 065 88 9.90 1,605.580 00 9.82 9.12 1, 933, 406 77 878, 981 81 7.01 1, 777, 665 64 8.10 891,755 41 8.57 1, 885, 088 11 9.57 939,696 61 9.73 1, 850, 344 02 .9.05 937, 519 78 9.10 2,871,015 58 9.10 1, 909, 073 76 9.18 2, 881, 922 93 9.39 1.9U.796 14 8.85 1, 924,1.59 52 8.72 1,906,006 91 6.52 1, 922, 690 12 8.51 1, 933, 508 30 8.28 973, 090 92 7.77 239, 434 59 7.86 528.036 61 7.85 971,473 52 7.23 942, 453 42 6.50 951, 473 35 6.56 962,636 91 6.49 961, 676 22 6.38 958,177 75 6.60 962,223 06 6.45 961,150 29 6.45 95.15 96 64 96. 53 96.47 96.64 97. 00 96.93 97.19 97.06 97.11 97.79 98.02 98.95 99.35 98. 73 9.5. 46 95.39 96.67 87. 90 68.88 89.17 94. 25 93. 99 92.52 93,75 95. 70 95. 45 96.06 95.59 96.21 95. 30 96.13 96.68 97. 31 97.39 97.39 97.15 94.25 95.15 96. 26 96. 17 95.82 96.22 96.11 2,147, 345 03 1, 074, 257 50 2,144, 457 32 1,074,651 96 2,173, 985 90 2,175, 643 46 L 938, 91199 967, 799 55 1, 938, 492 49 971, 436 80 1, 943, 227 62 1, 946, 884 53 96.96 96.78 96.92 •97.14 97.16 97.34 15.10 69.36 14.90 • 89.76 o 14.65 90. 31 14.29 90.52 14.07 90.62 13. 71 90.98 O H t?j m o X o 13.44 91.24 13.25 91.39 13.05 91.53 12.65 91.72 H Ul im 11 O-I 111 llOf not nil llH 2, 1, 2, 1, 2, 2, 000, 000 000, 000 000, 000 000, 000 000, 000 000, 000 00 00 00 00 00 00 2,147, 345 03 1, 074, 257 50 2,144, 457 32 1, 074, 651 96 2,173, 985 90 2,175, 643 46 7.37 7.43 7.22 7.46 8.70 8.78 to --5 TABLE IST.—Statement showing- the p)urchases' of honds from May, 1869, to Septemher 30, 1873—Continued. to QO fl 5 o og ^ c3 !> * D a t e of purchase. OJ •0 ^ -fl "^ S o tic ® ^ ^^" ^^"S fl^ >. p, a < 3 ._ C - O H O 1871, February 15 21 1 8 15 22 29 3 5 12 19 26 • 3 10 17 24 31 7 March April May June • July :. not llOi lilt 1101 Illi Illi "... nil •14 2L 28 '5 12 19 26 • August 2 9... 16 23 30 September 6 13 20 25 27 October 4 11 IIU IIU 1101 IIU lllf 1101 llOi llOi . •.. , , lilt nil 112i 112-1 ll2f 1131 113^ 112f 112^ 112i 1121 112 112i 112i 11.3i 1131 11.31 1141 115 1141 114 1141 $2, 000, 000 00 2, 000, 000 CO' 2, 000, 000 00 2, 000, 000 00 2, 000, OUO 00 2, 000 J O O 00 2, 000, 000 00 216, 000 00 3, 000, 000 00 2, 000, 000 00 3, 000, 000 00 2, 000, 000 00 2, 000, 000 00 2, 000, 000 00 2, 000, 000 00 2, 000, 000 00 2, 000, 000 00 1. 000, 000 00 1, 000, 000 00 1,000, ooo 00 1,000,000 00 1,000,000 00 1, 000, 000 00 365, 600 00 1, 000, 000 00 162,750 00 20, 100 00 1, 000, 000 00 1, 000, 000 00 1,000,000 00 1, 000, 000 00 1,000,000 00 3, 000, 000 00 3, 000, 000 00 2, 000, 000 00 2, 000, 000 00 4, 000, 000 00. $2,184, 170 19 2,191. 633 24 .2,199, 585 00 2, 199,570 48 2,191,702 96 2,188,826 83 2,183,254 76 235. 807 20 3,295,500 00 2,197,018 24 3,317,193 60 2, 215,181 72 2, 221,571 71 2, 223,162 54 2, 228,989 07 2, 224,133 69 2, 225,697 79 1,115, 811 40 1,114, 175 30 1, 116,587 05 1,118, 691 60 1, 132,364 49 ' 1, 122,692 96 433, 278 38 1,122, 086 99 182, 407 63 22, 509 99 1,122, 127 56 1,121, Oil 54 1,125, 650 82 1,128, 864 31 1,125, 600 00 3, 375,1.35 99 3, 397,636 15 2, 262,400 68 2, 258,747 45 4,470, 310 00 $2,184, 170 19 2.191,633 24 2,199,585 00 - 2,199, 570 48 2,191, 702 96' 2,188, 826 83 2,133, 254 76 235, 807 20 3, 295,500 00 2,197, 018 24 3, 317,193 60 2, 215, 181 72 2.221, 571 71 2. 223. 162 54 2. 228,989 07 2, 224,133 69 2, 225,697 79 1, 115,811 40 1,114, 175 30 1,116, 587 05 1,118, 691 60 1,132, 384 49 1,122, 692 96 433, 278 38 1,122, 066 99 182, 407 63 22, 509 99 1,122, 127 56 1,121, Oil 54 1,125, 650 82 1, 128,864 31 1,125, 800 00 3, 375,135 99 3,397, 636 15 2, 262,400 68 2, 258,747 45 4, 470,310 00 $1, 963,299 05 1,970, 007 41 1,983, 842 16 1, 977.142 00 1.967, 859 00 1.974, 139 19 i; 980,276 42 213, 884 08 2, 985,730 46 1, 995,022 24 2, 971,7.30 17 1, 997,909 10 1. 999.164 64 1, 998,348 35 1,992, 392 46 1,992, 504 98 1, 989,450 54 994, 041 33 991, 479 69 S93, 625 65 988, 898 65 997, 695 59 999, 059 35 385, 136 33 999, 632 06 162, 682 39 20, 098 20 999, 668 21 996, 673 98 99.3, 952 16 991, 318 82 •988, 627 68 2, 9.57,402 84 2, 954,640 13 1, 975,895 78 1,981, 357 41 3,917, 029 57 9.21 9.58 9.98 9.98 9.58 9.94 9. 16 9.17 9. 85 9.85 10.57 10.76 11.08 11. 16 11.45 11.21 1L28 11.58 11.42 11..66 11.87 13.24 12.27 12.36 12.21 12. 08 11.99 12.21 12.10 12.56 12. 89 12.58 12.50 13. 26 13.12 12.94 11.76 t^ hj O 98.16 98.50 99.19 98.85 98.39 98.71 99.01 99. 02 99.52 99.75 99.06 99.90 99.96 99.92 99.62 99.63 99.47 99.40 99. 15 99. 36 98.89 99.77 99.91 99. 88 99. 96 99.96 99.99 99.97 99. 67 99.39 99. 13 96.86 98.58 98.49 96.79 99.07 97. 93 12.68 91.99 92.34 m o 92.71 93.04 H .'O w H 93.26 CQ d ' 12. 34 12.36 93.35 18 18 25 1 8 15 21 6 13 20 27 i 112f iiif 112 • .'. nil UH llOf 1C91 1091108S . 108i 4, 000,000 50, 000 2, 000,000 1,000. 000 1,000, 000 21, 100 1. 000.000 517, 450 43, 700 61, 000 240, 550 00 00 00 00 00 00 00 00 00 00 00 566, 200 699, 750 1, 000,000 1, 000,000 1,000, 000 1, 000,000 1, 000,000 1,000, 000 1, 000,000 2, (JOO,000 263, 850 691, 650 5, 000 4, 000,000 3, 000,000 2, 000,000 2, 000,000 825, 950 47, 850 921. 900 1, 084,400 300, 850 511, 750 1, 000,000 47. 200 1, 000,000 2, UOO,000 7, 000 I, 000,000 34-. 300 000 5, 1, 000,000 1, 000,000 1, 000,000 3, 000,000 1. UOO,000 3, 000,000 5, 000,000 94, 100 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 4, 414,343 55, 160 2, 217,901 1,11.3,421 1,114, 150 23, 452 1,107, 389 568, 325 47, 734 86, 083 260, 908 08 00 5L 29 87 74 47 56 84 15 91 : 4,414,343 08 55,160 002,217,901 51 1,113,421 29 1,114.150 87 23. 452 74 1, 107,369 47 568, 325 56 47, 734 84 88, 083 15 260, 908 91 3, 915,160 16 46, 922 39 1, 986, 921 84 994.126 15 - 998,119 48 21,081 11 999, 900 20 517, 247 38 43, 693 21 80, 996 00 240, 469 04 10.36 10.32 10.89 11.34 11.41 11.11 » 10.74 9.83 9.24 8.74 8.46 97. 88 97. 84 99. 35 99. 41 99. 81 99. 88 99. 99 99. M6 99. 99 99. 99 99. 97 12.31 93. 82 12.30 93.90 0 hj • 12.28 93.91 12.27 93 95 O H O . 12.23 94.02 • H 12.21 94.05 1872. January February Ma ' h April May July August 4 18 1 15 29 14 28 3 10 17 24 1 8 8 35 22 29 ]2 19 26 2 10 17 24 31 7 7 14 2L 22 9R . 1091 109 109f llOi 1101 1101 110-1 1091 .. noi 1101 .. •. : . 11 18...... „ 25 2 . 7.. 16 . . • . . : nil 112i 1131 11.31 114 113f 113f 1141 114 11.31 113-1 113f .11.31 114^ 1141 1151 115i 115i 114f 114i 1141 113 11.31 113 1141 • 1131 1141 113 1121 617, 775 00 978, 713 38 091, 919 01 092, .584 13 091, 388 34 092, 821 91 095, 961 25 097, 435 25 100, 721 08 213, 295 42 294, 794 93 776, 203 34 5, 640 00 519, 795 84 395, 626 68 267, 116 41 274, 174 67 945, 245 28 54, 486 79 047. 373 04 227, 634 17 342, 155 19 581, 975 72 144, 063 85 53, 956 89 146, 489 17 296, 663 19 8, 036 80 145, 208 63 38, 996 39 5, 683 00 123. 616 18 123. 204 81 112. 251 60 ,343. 130 94 120, 993 75 369, 121 78 641, 797 44 106, 178 24 617,775 00 976, 713 38 L 091, 919 01 1,092,584 13 1, 091, 388 34 1, 092, 821 91 1, 09.5, 961 25 1, 097, 435 25 1,100,721 08 2,213,295 42 294, 794' 93 776, 203 34 5. 640 00 4,519,795 84 3, 395, 826 68 2,267,116 41 2, 274,174 67 945, 245 28 54, 468 79 1, 047, 373 04 1, 227, 634 17 342,155 19 531,975 72 1,144,063 85 53, 956 89 1, 146, 489 17 2,296,663 19 8,038 80 1,145, 208 63 38. 996 39 .5. 683 00 1.123,616 18 1,123,204 81 , 1,112,251 6 0 ^ 3, 343,130 94 1,120, 993 75 3,369,121 78 5, 641, 797 44. 106,176 24 566,116 84 897, 902 16 994,914 61 991, 006 01 984, 341 23 992, 346 80 992, 943 37 996, 803 41 998, 366 46 1, 996, 207 82 263, 503 85 691,495 16 4, 963 70 3, 977, 818 12 . 2, 978, 795 34 • 1,993,069 37 .1,997,079 84 824, 641 46 47, 795 42 919,756 79 1, 082, 808 53 300,795 77 511,627 01 .999,162 40 47,123 92 995, 864 64 1, 992, 766 31 6, 975 10 998, 003 16 34,132 50 4, 974 16 994, 350 60 992, 888 23 984, 293 45 2, 926,1.54 00 986, 573 14 2,94.5,660-25 4,992,741 10 94, 067 11 9.11 8.78 9.19 9.26 9.14 9.28 9.60 9.74 10.07 10.66 11.73 12. 22 12.80 12.99 13.19 13.36 13. 71 14.44 13.87 13.61 13.22. 13. 73 13.72 14.41 14.32 14.65 14.83 14.84 14.52 1.3. 69 13.66 12. 36 12. 32 11.23 11. 44 12.10 12. 30 12.84 12.84 99. 99 99. 80 99. 49 99. 10 98. 43 99. . 99. 29 99..88 99. 84 99. 81 99. 87 99. 98 99. 97 99. •44 99. 29 99. 65 99. 65 99. 84 99. 88 77 . 99.99. 85 99. 98 99. 98 99. 90 99. 84 99. 59 99. 64 99. 64 80 . 99. 99. 51 99. 48 99. 44 99. 09 98. 43 97. 54 • 93.66 98. 19 99. 85 99. 97 K CO 12.13 94.15 o H 12.22 94. 38 Pi K! O 12.24 94.44 12.26 .94. 49 H Pd P> Ul 12.29 94.57 12. 27 94.64 a w to 00 o o ,o p.^ • '6 p< D a t e of purchase. 1 "fl p< "o § .3 a P4 C 1872. October November ^ 23 30 6 -. 13 20 26 . . 1 • «a |.s 0 22 29 12 . 19 26 April May July 18 . 16 ... '. . . . . ... 20 20 20 24 -.• Total "as CflCS rt r; r; Sgfl .< 1131 1121 112i 1131 1131 112f 112f lllf $1, 000, 000 00 359, 250 00 428,400 00 lllf 112 11.3f 114 113f 1141 114f 114f 115 1151 1151 1151 116 118 1171 20, 850 00 197, 600 00 516,400 00 169,350 00 518, 250 00 1, 000. 000 00 1,000,000 00 1, 000, 000 00 1, 000, 000 00 500, 000 00' 1, 000, 000 00 3, 800 00 500, 000 00 500, 000 00 500, 000 00 .500, 000 00 500, 000.00 500, 000 00 500, 000 00 207, 850 00 15,500 00 55, 850 do 11,708,100 00 47, 000 00 741,150 00 161,000 00 1, 000, OOi) 0 0 2, 000, 000 489,150 560, 600 417,950 00 00 00 00 12.66 $1,126,635 51 ^ ' $995, 920 89 12.36 403, 657 22 359, 205 54 478, 902 16 426, 638 90 ; n . 7 9 12.60 992, 078 62 1,126.009 23 12.54 1,969,711 90 2, 250, 861 .59 12. 69 488, 883 42 , 551,216 06 12.73 560, 485 84 631,947 79 11.73 417,877 48 . 466, 976 03 $1,126, 635 51 403, 657 22 478, 902 16 • 1,126,009 23 2, 250, 861 59 551,21.6 06 631, 947 79 466, 978 06 1873. ^«;;;;;;;;;;;;;";";;-;;;;;;; 12 19 20 26 9 23 7 2L... . ft "Sc rfl a . ^'^ <^ >fcD0 < 2 ' ^ rt > ta 0 O < H ., ^26 januaiy o o-S - Average rate of premium on total purchases to date. • Currency value of iaterest accrued on bonds bought "flat." TABLE 'N.—Statement showing the purchases of honds from May, 1869, to Septemher 30, 1873—Contiuued. • . im 1171 118 11.51 116 115t Illi nii Illi llU Illi 323, 253, 800 00 • 23, 297 79 221,278 24 584, 824 36 192, 613 81 .587, 510 76 1,138,246 72 1,137,351 75 1,137,509 59 1,135,731 04 567,161 07 L 13.3, 941 25 4, 332 00 572, 335 00 574, 095 97 575,915 67 578,944 55 579, 840 14 581,790 70 578, 032 20 240, 737 77 17, 843 60 61, 944 08 12, 963, 682 93 52, 038 40 817,011 04 178, 265 73 363, 012, 332 71 $30, 848 92 23, 297 79 221,278 24 584, 824 36 192,613 81 587, 510 76 • 1,138,246 72 1,137, 351 75 1, 137, 509 59 1, 135, 731 04 567,161 07 1,133,941 25 4, 332 00 572, 335 00 574, 095 97 575, 915 67 576, 944 55 579,840 14 581,790 70 576, 032 20 240, 737 77 17, 643 60 61,944 08 12, 963, 682 93 ' 52, 038 40 817,011 04 178, 265 73 20, 848 14 197, 569 86 514,696 91 168,959 48 516,492 98 997, 366 43 992, 237 07 991, 293 76 967,592 2L 492, 848 05 983, 896 96" 3, 750 49 493, 392 25 . 486, 522 01 491, 186 07 493, 243 49 493, 460 97 493, 042 97 496,841 17 207, 532 56 15,462 51 55, 680 07 11,652,748 70 46, 776 09 734,341 95 160,238 86 362, 981, 483 79 307, 702, 207 64 99. 59 99.99 ' " " i 2 . ' 2 9 ' 99.59 99.21 99.48 99.95 12.29 99; 98 99.96 12. 29 1L74 99.99 11. 96 99.98 13. 25 99.67 13. 74 99. 77 13. 36 99.66 . 13.62 99.74 13.74 99. 22 13.75 99.13 13.57 •98. 76 13.43 • 98.53 13. 39 98. 39 14.00 98.70 14.47 98.68 14.82 97. 30 15. 18 98. 24 15.79 98. 65 15. 97 98.70 16. 36 98.61 15. 61 99.77 15. 83 99.65 1.5. 12 99. 89 10.91 99.69 10.72 . 99. 53 ^ 10.72 99. 52 10.24 99. 09 10.72 99. 53 O 94. 79 H 94.65 tJ 94. 86 Ul o td 12.29 .94. 89 12.31 94.94 Pi 6 12. 32 94. 97 t?j 12.32. 94. 98 12.34 95.00 H• Pd td 12. 35 12. 36 12.36 95.01 95. 01 95.01 > Ul a Pd •^ 12.^27 95. 19 R E C A P I T U L A T I O N BY LOANS. F i v e - t w e n t i e s of Five-twenties of Five-tweuties of Five-twenties of .Consols, 1865 Consols 1867 Consols 1866 . 1862 March, 1864 J u u e 1864 1865 Total . $56,1.59,350 L 119, 600 43.459,750 35, 923, 350 116, 965, 550 62, 631, 950 4, 794, 050 00 00 00 00 00 00 00 323, 253, 800 00 $62, 9.55, 548 1, 307, 208 48, 803, 264 40, 01.5, 286 .. 133, 457, 305 70, 963, 372 5, 510, 347 50 39 34 19 57 67 05 363, 012, 332 71 $938 12 4,024 53 24, 983 744 91 14 48 32 43 68 92 90 $62, 954, 610 36 1,307,195-91 48, 799, 240 02 40, 015, 232 71 133, 4.32, 321 89 70, 962, 627 75 5,510,255 15 30, 846 92 362,981,483 79 $54,156, 833 1, 029, 967 41, 492, 330 34,529,031 113,374,317 58, 668, 585 • 4,451,142 67 67 61 06 08 27 06. 307, 702, 207 64 12 16 12 11 12 12 14 10 74 30 39 18 94 94 12 27 96 91 95 96 95 93 92 4.3' 98 47 12 30 42 85 95 19 N O T E . — T h e bouded debt of the Uuited States has been reduced by the amount of these bouds, which h a v e ceased to bear iaterest and h a v e been canceled- aud destroyed. This statem e n t does not include the six per cent, bonds converted into fives, nor the rederaptioo of past-due and called securities, which have also ceased to bear interest aud have been canceled and destroyed. Those items m a r k e d (*) are the bonds bought with the proceeds of the interest collected on the bonds previously purchased. These "interest-purchases " w e r e discontinued after the passage of the act of J u l y 14,1870, (16 Statutes, 272,) authorizing the refunding of the natioiial deb.t^ and "directing the cancellation and destruction of the bonds purchased. All bonds, w h e t h e r purchased, redeemed, or received in exchange for other bonds bearing a lower rate of interest, either before or since the date of that act, h a v e ceased to b e a r iuterest; and the a n n u a l interest-charge has been reduced b y the a m o u u t of interest that would h a v e beeu payable on the first two Classes, and the difference in rate on the last class, b u t for such redemption, purchase, or exchange. Pi o Pd H O Ul td .o po td H f> fd O 1-5 td H' Ul a pi oo TABLE O.—Statement of the outstanding principal of the puhlic deht of the United States, June 30, 1873. L e n g t h of . loan. OLD Rates of interest. Price at which sold. Araount author- A m o u n t is.sued. ized. A m d u n t outstanding. pi td DEBT. ^ Unclaimed dividends upon debt created prior to 1800, and the principal and interest, of the outstanding debt created during the w a r of 1812, and-up to 1837. , TREASURY W h e n redeem-able. CO On d e r a a n d 7 . . . 5 and 6 per cent. $57,665 00- NOTES P R I O R TO 1 8 4 6 . T h e acts of October 12,1837, (5 Statutes, 201;) Mav 21, 1833, (5 Statutes, - 228;) March 31, 1840, (5 Statutes, 370 ;) F e b r u a r y 15, 1841,. (5 Statutes, 411;) J a n u a r y 31, 1842, (5 Statutes, 469 ;) August 31, 1842, (5 Statutes, 581;) and March 3.1843, (5 Statutes, 614 ;) authorized the Issue of Treasu r y notes in various amounts, and with interest a t rates named therein from 1 mill to 6 per centum per annum. TREASURY O 1 aud 2 years 1 and 2 years •frora date. 1 raill to 6 per cent. Par . 82, 575- 35 .td Ul. td NOTES OF 1 8 4 6 . •The act of J u l y 22, 1846, (9 Statutes, 3 9 , ) > u t h o r i z e d | t h e issue"of Treasu r y notes in such sums as the exigencies of the Government might require ; the amount outstanding at a n y oue time not to exceed $10,000,000, . to bear interest at not exceeding 6 per centum per annura, redeemable one year from date. These notes were receivable in p a y m e n t of all debts due the United States, including customs duties. MEXICAN O Pi o 1 year L r frora 6 per c e n t . . . P a r 6 000 00 $10,000,000 00 td H f> ?d Hi INDEMNITY. A proviso in the civil and diplomatic appropriation act of August 10.1846, (9 Statutes, 94,) authorized the p a y m e n t of the• principal and interest of the fourth and fifth installraents of the Mexican inderanities due April and J u l y , 1844, by the issue of stock, with interest at 5 per centum, payable in five years. .5 y e a r s April and J u l y , 5 per c e n t . . . P a r 1849. 350, 000 00 $303, 573 92 1,104 91 td H td TREASURY NOTES O F . 1 8 4 7 . Ul T h e act of J a n u a r y 28,1847, (9 Statutes. 118.) authorized the issue of ^23,000,000 T r e a s u r y notes, "with interest at not exceeding 6 per centum per annum, or the issue of stock for a n y portion of the amount, with interest at 6 per centum per a n n u m . T h e T r e a s u r y notes under this act were redeemable at the expiration of one or t w o years ; and the interest w a s to cease at the expiration of sixty days' notice. These notes were receivable in payraent of all debts due the United States, including customs d.uties. 1 and 2 years After 60 d a y s ' notice. 6 per c e n t . . . Par 23, 000, 000 00 950 00 PiK! • LOAN OF 1847. T h e act of - J a n u a r y 28, 1847, (9 Statutes, 118,) authorized the issue of $23,000,000 T r e a s u r y notes, with interest at not exceeding 6 per centum C^ per a n n u m , or the issue of stock for any portion of the amount, with hj interest at 6 per centum per annum, re-imbursable after December 31, 1867. Section 14 authorized the conversion of T r e a s u r y notes u n d e r this or any preceding act into like stock, which accounts for the a p p a r e n t oVeriiesue. 20 y e a r s . J a n u a r y 1,1868. 6 per cent . Par . 23, 000, 000 00 28, 207, 000 00 1, 650 00 Pi O BOUNTY-LAND S C R I P . T h e 9t.h section of F e b r u a r y 11, 1847, (9 S t a t u t e s , 125,) authorized the issue of l a n d - w a r r a n t s to soldiers of the Mexican w a r , or scrip, at the option of t h e soldiers, to bear 6 per centum intei'est per annum, redeemable at the pleasure of the Governraent, b y notice from the T r e a s u r y D e p a r t m e n t . Interest ceases J u l y 1, 1849. H Indefinite . J u l y 1, 1849 . . . 6 per cent . . 3, 600 00 Indefinite . O td TEXAN I N D E M N I T Y STOCK. T h e act of September 9, 1850, (9 Statutes, 447,) authorized the issue of $: 0,000,000 stock, with interest at 5 per centum per annum, to the State of T e x a s , in satisfaction of all claims against the United States arising out of the annexation of the said State. This stock w a s to be redeemable at the end of fourteen years. Ul 14 y e a r s . 10, boo, 000 00 J a n u a r y 1,1865. 5 per-ceut . . 5, 000, 000 00 174, 000 00 td o td H > Pi T R E A S U R Y NOTES OF 1 8 5 7 . T h e act of December 23, 18.57, (11 Statutes, 2.57,) authorized the issue of $20,000,000 in T r e a s u r y notes, $6^000,000 with interest at not exceeding 6 per centum per annura, and the remainder with iuterest at the lowest rates offered by bidders, b u t not exceeding 6 per centum per annum. Those notes w e r e redeemable at the expiration of one year, and interefet w a s to cease at the expiration of sixty days' notice after maturity. Thej'w e r e receivable iu p a y m e n t of all debts due the United States, including customs duties. 1 year. 60 da3's' uotice 20, 000, 000 00 5 and 51 per cent. lO, 000, 000 00 2, 000 00 - td > LOAN OF 1858. T h e a c t of J u n e 14,18.56, (11 Statutes, 365,) authorized a l o a n of $20,000,000, vv'itli interest at not exceeding 5 per centum per annum, and redeeraable any time after J a n u a i y 1, 1874. O 15 y e a r s . Jan. 1, 1874 5 per cent -. 10 years- Jan. 1, 1671 5 per cent . Par . 20, 000, 000 00 20, 000, 000 00 20, 000, 000 00 21, 000, 000 00 7, 022, 000 00 10, 000 GO Ul LOAN OF 1860. T h e act of J u n e 22, 1860, (12 Statutes, 79,) authorized a loan of $21,000,000, (to be used in redemption of T r e a s u r y notes,) with interest at not exceeding 6'per centum per annum, redeemable in not less than ten nor more than t w e n t y years. OO oo TABLE O.—Statement of the outstanding principal of the puhlic dehtj ||-c,—Contin tied. Length of loan. W h e n redeemable. Kate of interest.. OO Price A m o u n t author- A m o u n t issued; at which ized. sold. A m o u n t outstanding. LOAN 6 F FEBRUARY, 1861, (1681 S.) T h e act of F e b r u a r y 8, 1861, (12 Statutes, 129,) authorized a loan of $25,000,000, vvith iuterest at not exceeding 6 per centum per annum, reimbursable in not less than ten nor more t h a n t w e n t y y e a r s frpm the date of the act. . ' 10 or 20 y r s . . J a n . 1, 1881 6 per cent . $25, 000, 000 00 $18,415,000 00 $18, 415, 000 00 O H O TREASURY NOTES OF 1861. >^ T h e act of March 2,1861, (12 Statutes, 178,) authorized a loan of $10,000,000, with iuterest at not exceeding 6 per centum p e r annum, redeemable on three months' notice after J u l y 1,1871, and payable J u l y 1,1881. If proposals for the loan were not satisfactory, a u t h o r i t y w a s given to issue the whole a m o u u t iu T r e a s u r y notes, with interest at not exceeding 6 per contura per annnra. T h e same act gave authority to substitute T r e a s u r y notes for the whole or a n y p a r t of loans authorized at the time of the passage of this act. These notes were to be received in p a y m e n t of all debts due the United States, including customs duties, and were redeemable at any time within t w o years from the date of the act. w H td 2 years. 60 d a y s . 2 years aftor] date. I 60 days after f date. C 22, 468,100 00 \ 12,896, 350 00 0 per c e n t . J Ul 135, 364, 450 00 3,150 00 td . Hi OREGON WAR DEBT. T h e a c t o f March 2, 1661, (12 Statutes, 198,) appropriated $2,800,000 for the p a y m e n t of expenses incurred by the Territories of Washiugton and Oregon iu the suppression of Indian hostilities in the years 1855 and 1856. Section 4 of the act authorized the p a y m e n t of these claims in bondtj redeemable in t w e n t y years, w i t h interest at 6 per centum per annum. 20 y e a r s . July 1, 1881 2, 800, 000 00 6 per c e n t . . . 1,090,850 00 945, 000 00 - 20 years. July . 1, 1881 6 per c e n t . Par . 250, 000 000 00 • 50,000,000 00 350 00 139,321,200 00 1189, 321, -H td GO d Kl OLD DEMAND NOTES. T h e act of J u l y 17, 1861, (12 Statutes, 259,) authorized the issue of $50,000,000 T r e a s u r y notes, not bearing interest, of a less denomination O td • LOAN OF JULY AND AUGUST, 1861, (1881S.) T h e act of J u l y 17, 1861, (12 Statutes, 259,) authorized the issue of $250,000,000 bonds, with interest at not exceeding 7 per centum per annum, redeeraable after t w e n t y years. T h e act of A u g u s t 5, 1861, (12 Statutes, 313,) authorized the issue of bonds, with interest at 6 per centum jjer annum, payable after t w e n t y years from date, in exchange for 7-30 notes issued under the act of J u l y 17, 1861. None of such bonds w e r e to be issued for a sum less than $500, and the whole.araouut of thera w a s not to exceed the-whole a m o u n t of 7-30 notes issued under the above act of J u l y 17. T h e a m o u n t issued iu exchange for 7-30s was $139,321,200. td o On d e m a n d . : . . 60, 000, 000 00 .. 60, 000, 000 00 79, 967 50 than fifty dollars and not less than ten dollars, and p a y a b l e on demand b y t h e assistant treasurers at Philadelphia, N e w York, or Boston. T h e act of A u g u s t 5, 1861, (12 Statutes, 313,) authorized the issue of these notes in denominations of five dollars; it also added the assistant treasu r e r at Saint Louis and the designated depositary at Cincinnati fo- the places w h e r e these notes were.made payable: T h e act of F e b r u a r y 12, 1862, (12 Statutes, 338,) increased the a m o u n t of demand notes authorized $10,000,000. Pi SEVEN-THIRTIES OF 1861. T h e actof J u l y 17,1861, (12 Statutes, 259,) authorized a loanof $250,000,000, p a r t of which was to be in T r e a s u r y notes, with interest at 7 3-10 per centum per annum, p a y a b l e £hree years after date. 3 years. August 19 a n d October" 1, 1864. 7 3-10 per ct. 140. 094, 750 00 140, 094, 750 00 19,350 00 515, 000, 000 00 514, 771, 600 00 ^63, 625, 600 00 FIVE-TWENTIES OF 1862. T h e act of F e b r u a r y 25, 1862, (12 Statutes, 345,) authorized a loan of $500,000,000 for the purpose of funding the T r e a s u r y notes and floating debt of the United States, and the issue of bonds therefor, with interest at.6 per centum per a n n u m . T h e s e . b o n d s were redeemable after five and payable t w e n t y years from date. T h e act of March.3, 1864, (13 Statutes, 13,) authorized an additional issue of $11,000,000 of bonds to persons w h o subscribed for the loan ou oi- before J a n u a r y 21,1864." T h e act of J a n u a r y 28, 1865, (13 Statutes, 425,) authorized an additional issue of $4,000,000 of these bonds and their sale in the United States or E u r o p e . o pi H O >^ 5 or 20 y e a r s . May 1,1867..- 6 percent..-. Par. H w td Ul td o td LEGAL-TENDER NOTES. T h e act of F e b r u a r y 25, 1862, (12 Statutes", 345,) authorized the issue of $150,000,000 United States notes, not bearing interest, payable to bearer at the T r e a s u r y of the United States, and of such denominations, not less than five dollars, as the Secretary of t h e T r e a s u r y might deem expedi.ent, $50,000,000 to be in iTeu of demand notes authorized b y the act of J u l y 17, 1861; these notes to be a legal tender. T h e act of J u l y 11, 1862, (12 Statutes, 532,) authorized an additional issue of $150,000,000 United States T r e a s u r y notes, of such denominations as the Secretary of the T r e a s u r y might deem expedient, b u t no such note should be for a fractional p a r t of a dollar, a n d not more t h a n $35,000,000 of a lower denoraination than five dollars ;.these notes to be a legal tender. T h e act of March 3,1863, (12 Statutes, 710,) authorized an additional issue of $150,000,000 United States notes, p a y a b l e to bearer, of such denominations, not less than oue dollar, as the Secretary of the T r e a s u r y might prescribe; which notes w e r e made a legal tender. T h e same act limited the time at which T r e a s u r y notes might be exchanged for United States bonds to J u l y 1, 1863. T h e amount of notes authorized b y this act w e r e to be in lieu of $100,000,000 authorized b y the resolutionof J a n u a r y 17, 1863, (12 Statutes, 8.22.) On demand None . 450, 000, 000 00 915, 420, 031 00 356, 000, 000 00 Kj O td H td \^ Ul Kl OO OO- TABLE 0.—Siaiement df ine oilkimiMng principal of the puhlic deht, cfc.—Continned. L e n g t h of loan. W h e n redeemable. Rate of interest. Notless than 30 days. After 10 days' notice. 4, 5, aud 6 per cent. Price at which sold. a:) Araount author Amount issued. ized. Araount outstanding. td TEMPORARY LOAN. T h e act of F e b r u a r y 25, 1862, (12 Statutes, 346,) feuthori'zed temporary loan deposits of $25,000,000, for not less than thirty days, with iuterest at 5 per centum per annum, payable after teii days' notice. T h e act of March 17, 1862, (12 Statutes, 370,) authorized the increase of temporary loan deposits to $50,000,000. T h e act of J u l y 11, 1862, (12 Statutes, 532,) authorized a further increase'of temporary loan deposits to $100,000,000. T h e act of J u n e 30, 1864, (13 Statutes, 218,) authorized a f u r t h e r increase .of t e m p o r a r y loan'deposits to not exceeding $150,000,000, and an increase of the rate of iuteresj; to not exceeding 6 per centum per annum, or a decrease of the rate of interest on ten days' notice, as the public interest Alight require* $78, 560 00 $150,000,000 00 O Pi H td Ul CERtlFiCATES OF INDEBTEDNESS. T h e act of March 1, 1862, (12 Statutes, 352,) authorized the issue of certificates of indebtedness to public creditors who might elect to receive them, to bear interest at the rate of 6 per centum per annum, and payable one year from date, or earlier, a t the option of the Government. T h e act of M a y 17, 1862, (12 Statutes, 370,) authorized the issue of these certificates in p a y m e n t of disbursing ofiicers' checks. T h e act of March 3,. 1863, (12-Statutes, 710,) made the interest payable in lawful money. 1 year. 1 j^ear date. $561,753,241 65 6 per ceut 5, 000 00 o Pi td H P6 Hi O FRACTIONAL CURRENCY. Ou presentation. 1?he act of J u l y 17, 1862, (12 Statutes, 592,) authorized the use of postal and other stamps as currency, and made thera receivable, in p a y m e n t of all dues to the United States less than five dollars. T h e fourth section of the act of March 3. 1863, (12 Statutes, 711,) authorized the issue of fractional Uotes in lieu of postal and other stamps and postal currency; made them exchangeable in sums not less t h a n three dollars for United States notes, and receivable for postage and revenue stamps, and in p a y m e n t of dues to the United States, except duties on imports, less than five dollars; and liraited the araount to .$50,000,000. T h e fifth section of the actof J u n e 30, 1864, (13 Statutes, 220.) authorized au issue of $50,000,000 iu fractional currency, and provided that the whole araount of these notes, outstanding a t a n y one time, should not exceed this sum. LOAN OF 1863. l^he act of March 3,1863, (12 Statutes, 709,) authorized a l o a n of $900,000,000, and the issue of bonds, with interest at not exceeding six per centum per a n n u m , and redeemable I n not less t h a n ten nor more t h a n forty years, principal aud interest payable in coiu. T h e act of J u n e 30, 1864, (13 50, 000, 000 00 None. 223, 625; 663 45 44, 799, 365 44 H td td Ul a 17 y e a r s . J u l y l , 1881 . . . 6 per c e n t . Average preraiura of 4.13, . 75, 000, 000 00 75, 000, 000 00 75, 000, 000 00 Statutes, 219,) repeals so much of the precediug act as limits the authority t h e r e u n d e r to the current fiscal y e a r , and also repeals the authority altogether except as relates to $75,000,000 of bonds already advertised for. ONE-YEAR NOTES OF 1863. T h e act of March 3, 1663, (12 Statutes, 710,) authorized the issue of $400,000,000 T r e a s u r y n o t e s , with interest a t not exceeding six per centum per a n n u m , redeemable iu not more t h a n three years, principal and interest p a y a b l e in lawful money, to be a legal tender for their face value. 1 year. 1 year a f t e "date. 5 p.er c e n t . 400, 000, 000 00 44, 520, 000 00 84,655-00 Pi td hj O H TWO-YEAR NOTES OF 1863. T h e act of March 3, 1863, (12 Statutes, 710.) authorized the issue of $400,000,000 T r e a s u r y notes, w i t h ' ' i n t e r e s t at not exceeding six per c e n t u m per a n n u m , redeemable in not more than three years; principal a n d interest p a y a b l e in lawful money, to be a legal tender for their face value. O 2 years. 2 years date. after 400, 000, 000 00 5 per c e n t . . . 166,180, COO 00 57, 450 00 H td Ul COIN-CERTIFICATES. td T h e fifth section o f t h e act of March 3, 1803, (12 S t a t u t e s 711,) authorized the deposit of gold coin ahd bullion with the Treasuror or any assistant treasurer, in suras not less thau .$20, and the issue of certificates therefor in denoraiuations'the sarae as Uuited States n o t e s ; also authorized the issue of these certificates in p a y r a e n t of interest on the public debt. I t limits the araount of thera to not more thau 20 per centum of the amount of coin and bullion in the T r e a s u r y , and directs their receipt in p a y m e n t . for duties on imports. On demand Indefiuite . 562, 776, 400 00 39, 460, 000 00 td > Pi. Kl O hj COMPOUND-INTEREST NOTES. T h e act of March 3, 1863, (12 Statutes, 709,) authorized the issue of $400,000,000 T r e a s u r y notes, with interest at not exceedingsix per centum per annura, in lawful raoney, p a y a b l e not more than three years from date, and to be a legal tender for their face value. T h e act of J u n e 30,1864, (13 Statutes, 216.) authorized the issue of $200,000,000 T r e a s u r y notes, of a n y denoraination not less than $10, p a y a b l e nbt raore t h a n three years frora date, or .redeemable at a n y time after three years, with interest at not exceeding seven and three-tenths per centum, p a y a b l e in lawful money at maturity, and raade thera a legal tender for their face to the same extent as Uuited States n o t e s ; $177,045,770 of the amount issued w a s in redemption of 5 p e r cent, notes. o 3 years. J u n e 10,1667, & May 15,1668. 6 per cent., compound. 400, 000, 000 00 266, 595, 440 00 479, 400 00 H td H PO td Ul a po Kl TEN-FORTIES OF 1864. T h e act-of March 3 , 1864, (13 Statutes, 13,) authorized the issue of $200,000,000 bonds, at not exceeding six per centum per a u n u m , redeemable after five and p a y a b l e not more t h a u forty y e a r s from date, in coin. 10 or 40 years. March 1, 1874. 5 per cent . P a r to 7 per c't. prera. 200, 000, 000 00 190,117,300 00 194, 567 300 CO oo OO T^\:BLE O.—Statement of the outstanding principtal of thepul)lio deht, <f'C.—Continued. Length of loan. W h e n redeemable. R a t e of interest. . Price at which sold. Amount authorized.' 00 Amount issued. A m o u n t out-, standing. FIVE-TWENTIES OF MARCH, 1864. T h e act of March 3, 1864, (13 Statutes, 13,) authorized the issue of $200,000,000 bonds, a t not exceeding six p e r Centura p e r annum, redeemable after five and payable not more than forty years from date, in coin. $3, 882, 500 00 5 or 20 y e a r s . Nov. 1 , 1 8 6 9 . . . 6 p e r cent - . . P a r . . o - . . $2, 291, 700 00 O FIVE-TWENTIES OF JUNE, 1864. T h e act of J u n e 30,1664, (13 Statutes, 218,) authorized a l o a n of $400,000,000, and the issue therefor of bonds redeemable not less t h a n five nor more than thirty (or forty, if deemed expedient) years from date, with interest a t not exceeding Oper centum per annum, p a y a b l e semi-annually in coin. td T) O 5 or 20 years- Nov. 1, 1369 . . . 6 p e r cent . . . P a r . . . . . $400, 000, OCO 00 125, 561, 300 00 66, 519, 500 00 w td Ul SEVEN-THIRTIES OF 1864 AND 1865. T h e act of J u n e 30, 1864, (13 Statutes, 218,) authorized the issue of $200,000,000 T r e a s u r y notes.'of not less than $10 each, p a y a b l e at not more t h a n three years from date, or redeemable a t a n y tirae after three years, w i t h interest a t not exceeding 7 3-10 p e r centum per a n n u m . T h e "act of March 3, 1865, (13 Statutes, 468,) authorized a loan of $600,000,000, a n d the issue therefor of bonds or T r e a s u r y notes. T h e notes to be of denominations notless than.$50, with interest in lawful money a t not more t h a n 7 3-10 per centum per annum. 3. years < Aug. 15,1867. ) J u n e 15,1868. S 7 3-10 per ct . P a r . . . . . J u l y 15,1868. ) 800, 000, 000 00 629, 992 500 00 274,100 00 > PO X o ^^ NAVY PENSION FUND. T h e act of J u l y 1, 1864, (13 Statutes, 414,) authorized the Secretary of the N a v y to invest in registered securities of the United States so much of the N a v y pension fund in the T r e a s u r y J a n u a r y 1 and J u l y 1 in each y e a r as would not be requii-ed f o r t h e p a y m e n t of n a v a l pensions. Section 2 of the act of J u l y 23, 1868, (15 Statutes, 170,) makes the interest on this fund 3 per centum p e r a n n u m in lawful money, a n d confines its use to the p a y m e n t of naval pensions exclusively. Indefinite.... 3 per c e n t . . . P a r Indefinite 14, 000, 000 00 14. 000, 000 00 H W td H Pi > Ul FIVE-TWENTIES OF 1865. T h e act of March 3. 1865, (13 Statutes, 468,) authorized the issue of $600,000,000 of bonds or T r e a s u r y notes in addition to amounts previously authorized; the bonds to be for n o t less t h a n $50, payable not more than forty years from date of issue, or after a n y period not less t h a n five years ; interest payable semi-annually at n o t exceeding 6 p e r eentum per annura w h e n in coin, or 7 3-10 per Centura per annura w h e n in currency. I n addition to the araount of bonds authorized b y this act, authority w a s also given to convert T r e a s u r y notes or other interest- td o po td H 5 or 20 y e a r s . Nov. 1, 1670.-.. 6 p e r cent . . . P a r 203,327,250 00 ' 203, 327,250 00 155, 467, 450 00 CX PO- • b e a r i n g obligations into bonds authorized b y it. T h e a c t o f April 12, 1866, (14 Statutes, 31,) construed the above act to authorize the Secret a r y of the T r e a s u r y to receive a n y obligations of the United States, 'whether beariug interest or not, in exchange for a n y bonds authorized b y it, or to sell any of such bonds, provided the public debt is not increased t h e r e b y . Pi td CONSOLS OF 1865. T h e act of March 3, 1865, (13 Statutes, 468,). authorized the issue of $600,000,000 of bonds or T r e a s u r y uotes in addition to amounts previously a u t h o r i z e d ; the bonds to be for not less t h a n $50, p a y a b l e not more t h a n forty y e a r s frorn date of issue, or after a n y period not less than five years, interest p a y a b l e semi-annually, at not exceeding 6 per c e n t u m p e r a n n u m w h e n in coin, or 7 3-10 per centum per a n n u m w h e n in currency. - I n addition to the amount of bonds authorized b y this act, a u t h o r i t y w a s also given to convert T r e a s u r y notes or other interestbearing obligations into bonds authorized b y it. T h e act of April 12, 1866, (14 Statutes, 31,) construed the above act to authorize the Secret a r y of the T r e a s u r y to receive a n y obligations of t h e United States, w h e t h e r bearing interest or not, in exchange for a n y bonds authorized b y it, or to sell a n y of such bonds, provided the public debt is not increased thereby. 5 o r :20 y e a r s . J u l y 1, 1870. 6 per c e n t . . . P a r . 332, 998, 950 00 332, 998, 950 00 206, 661, 500 00 H O td Ul td o PO CONSOLS OF 1867. T h e act of March 3, 186.5, (13 Statutes, 466,) authorized the issue of $600,000,000 of bonds or T r e a s u r y notes in addition to amounts previously a u t h o r i z e d ; the bonds to be for~ not less t h a n $50, p a y a b l e not more thau forty years frora date of issue, or after a n y period not less t h a n five y e a r s ; iuterest p a y a b l e semi-annually, at not exceeding 6 per centum p e r a n n u m w h e n in coin, or 7 3-10 per centum per annura w h e n in currency. I n addition to the a m o u u t of bonds authorized b y this act, authority w a s also given to convert T r e a s u r y notes or other interest-bearing obligations into bonds authorized b y it. T h e act of April 12, 1866, (14 Statutes, 31,) construed t h e above act to authorize t h e S e c r e t a r y of the T r e a s u r y to receive a n y obligation of the United States, w h e t h e r bearing interest or not, in exchange for a n y bonds authorized b y it, or to sell a n y of such bonds, provided the public debt is not increased t h e r e b y . 5 or 20 years - J u l y 1, 1 8 7 2 . . . 6 per c e n t . . . Par . 379, 602, 350 00 379, 616, 050 00 315, 014, 550 00 td H > Pi Hi o td H td \^ CONSOLS OF 1868. T h e act of March 3, 1865, (13 S t a t u t e s , 468,) authorized the issue of . $tjOO,000,000 of bonds or T r e a s u r y notes in addition to amounts previo u s l y authorized; t h e bonds to be for not less t h a n $50, payable not more t h a n forty y e a r s from the date of issue, or after a n y period not less t h a n - five y e a r s ; interest p a y a b l e semi-annually, at not exceeding 6 per centum, p e r a n n u m , -whfen in coin or 7 3-10 per-centum per annura w h e n in currency. I n addition to t h e a m o u n t of bonds authorized b y this act, authority w a s also given to convert T r e a s u r y notes or other interestb e a r i n g obligations into bonds authorized b y it. T h e act of April 12, hj O Ul 5 or 20 y e a r s . J u l y l , 1873 . . . 6 per c e n t . . Par . 42, 539, 350 00 42, 539, 350 00 38, 335,500 00 a po oo CD TABLE 0.—Statement of the outstandingprincipcil of thepiiUic deht, ^-c.—Continued. L e n g t h of loan. W h e n redeemable. R a t e of iuterest. O Price A m o u n t authorA m o u n t issued. at which ized. sold. A m o u n t outstanding. PO td 1866, (14 s t a t u t e s , 31,) construed the above act to authorize the Secret a r y of the T r e a s u r y to receive a n y obligation of the United States, w h e t h e r bearing interest or not, in exchange for a n y bonds authorized b y it, or to sell a n y of such bonds, provided the public, debt is not increased thereby, hj O Pi H O THREE PER CENT. CERTIFICATES. T h e act of March .3, 1867. (14 Statutes, 558.) authorized the issue of $50,000, 000 in t e m p o r a r y loan certificates of deposit, with interest at 3 p e r ceutum per a n n u m , payable in lawful money on demand, to be used in redemption of compound-interest notes. T h e act of J u l y 25, 1868, (15 Statutes, 183,) authorized $25,000,000 additional of these certificates for the sole purpose of redeeming compound-interest notes. h^ Indefiuite . On d e m a n d . 3 per c e n t . $75, 000, 000 00 85,150, 000 00 $30, 000 00 W td Ul td o PO CERTIFICATES OF INDEBTEDNESS OF 1670. T h e a c t o f J u l y 8, 1870, (16 Statutes. 197,) authorized the issue of certificates of indebtedness, payable five years after date, with intei-est at 4 per centum per annum, payable semi-annually, principal and iuterest, in lawful money, to be hereafter appropriated and provided for by Congress. These certificates w e r e issued, one-third to the State of Maine, and two-thirds to the State of Massachusetts, both for the use and benefit of the E u r o p e a n and North American Railway Company, and were in full adjustment and p a y r a e n t of a n y and all claims of said States or railw a y company for moneys expended (or interest thereon) by the State of Massachusetts on account of the w a r of 1812-'15. 5 years. Sept. 1, 1375 . . 4 per cent . . . 678, 362 41 678, 362 41 678, 000 00 H' H > PO Kl O w td FUNDED LOAN OF 1831. T h e act of J u l y 14, 1870, (16 Statutes, 272,) . authorizes the issue of $200,000,000 at 5 per centum^ $300,000,000 at 4h per centum, and $1,000,000,000 a t 4 per centum, principal and interest payable in coin of the present standard value, at the pleasure of the United States Government after ten years, for the 5 per c e n t s ; after .fifteen years, for the 4k per cents ; and after thirty years, for the 4 per cents ; these bonds to be exempt from the p a y m e n t of all taxes or duties of the United States, as well as from taxation in a n y form b y or under State, municipal, or local authority. Bonds and coupons p a y a b l e at the T r e a s u r y of the United States. T h i s act not to authorize a n increase of the bonded debt of the United States. Bonds to be sold at not less than p a r in coin, and the proceeds to be applied t o t h e redemption of outstanding 5-20s, or to be exchanged for said 5-.20S, par for par. P a y n i e n t of these bondS; w h e n due, to be made 10 y e a r s . May 1 , 1 8 8 1 . . . . 5 xjer c e u t . . . 500, 000, 000 00 200, 000, OGO 00 200, 000, 000 00 H po td CO a Hi 4n order of dates and numbers, beginning with each class last dated and n u m b e r e d . Interest to cease at the end of three m o n t h s from notice of intention to redeem. T h e act of J a n u a r y 20, 1871, (16 Statutes, 399,) increases t h e a m o u n t of 5 per cents to $500,000,000, provided the total a m o u n t of bonds issued shall not exceed the a m o u n t originally authorized, and authorizes the interest on a n y of these bonds to be paid quarterly. td CERTIFICATES OF DEPOSIT. T h e act of J u n e 6, 1872, (17 Statutes, 336,) authorizes the deposit of United , ludcfinito . . . S t a t e s notes-without interest b y b a n k i n g associations in sums not less t h a n $10,000, and the issue of certificates therefor in denominations of not less t h a n $5,000; which certificates shall be p a y a b l e on deraand in United States notes, at the place w h e r e the deposits w e r e made. I t provides that the notes so deposited in the T r e a s u r y shall not be counted as a p a r t of the legal reserve, b u t t h a t the certificates issiied therefor m a y be held and counted b y the national b a n k s as p a r t of t h e k legal reserve, and m a y be accepted in the settlement of clearing-house balances at the places where the deposits therefor w e r e made, and that the United States notes for which such certificates w e r e issued, or other United States notes of like amount, shall be held as special deposits in the T r e a s u r y , and used only for the redemption of such certificates. hj On d e m a n d . . No limit. 57,160, 000 00 31, 730, 000 00 O H O td m td 2, 234, 482, 993 20 o ^ td H Pi Hi O ^ • H td td Ul cl rf^ On J u l y 1, 1865: Central Pacific K a n s a s Pacific Union Pacific Central Branch Union Pacific W e s t e r n Pacific Sioux City a n d Pacific . . . $1, 258, 000 00 Total amount of interest due the United States from Pacific Railway companies. . \^ ^:? PO td. •-d. O PO H O H $37, 740 00 $37,740 00 td .• Ul td c 37, 740 00 37, 740 00 55,056 83 6, 417 53 92, 796 83 6,417 53 ~ 37,740.00 PO td H > „.... 2, 362, 000 00 640, 000 00 $37, 740 00 92, 796 83 6,417 53 . "^ ^... a -a On J u l y l , 18({6i Central Pacific Kansas Pacific Union Pacific Central Branch Union P a c i f i c . . . . W e s t e r n Pacific. Sioux City a n d Pacific On J a n u a r y 1, 1867 : Central Pacific Kansas Pacific Union Pacific Central Branch Union Pacific • i l l $37,740 00 1,258,000 00 On J a n u a r y 1, 1866: Central Pacific K a n s a s Pacific Union-Pacific -. Central B r a n c h Union Pacific W e s t e r n Pacific Sioux City and Pacific .. *^a -J" <D Balance of accrued interest due the United States on interest account. 1 i§ a < flt-l Balance due t h e Unite.d States on . interest account, deducting repayments. R a i l w a y companies. If Repayment of interest by transportation of mails, troops,. &c. a o . ^ ba a Amount of interest accrued and paid ; to date, as per preceding statement. T A B L E P.—Statement of 30-year Qper'cent. honds {interestpayahle January and July) issued to the several Pacific Eailway companies, under ihe acts of July . 1, lb62, (12 Statutes, 492;) and July 2,1864, (13 Statutes, 359.) • Pi Kj O " • 3, 002, 000 00 37, 740 00 61,474 36 99, 214 36 3, 002. GOO 00 1, 360, 000 00 1, 630, 000 00 92, 796 83 6,417 53 83,169 02 33, 026 56 19, 917 09 175, 965 86 39, 444 09 19,917 09 175, 965 86 39 444 09 19 917 09 6, 042, 000 00 99, 214 36 136,112 68 235, 327 04 235,327 04 3, 962, GOO 00 2, 030, 000 00 4, 320, 000 00 640, 000 00 175, 965 86 39, 444 09 19, 917 09 111, 837 51 55,186 84 97, 755 65 10, 099.74 287, 94, 117, 10, . 99, 214 36 H td H. PO td Ul a 803 630 672 099 37 93 74 74 - • 287, 803 37 94, 630 93" 117,672 74 10, 099 74 • w K^ W e s t e r n Pacific :... Sioux City and P a c i f i c , 11, 002, 000 00 Ou J u l y 1,1867: Central Pacific K a n s a s Pacific Union Pacific Central B r a n c h Union Pacific . W e s t e r n Pacific " Sioux City aud P a c i f i c . . . . . . . . . 4, 602, 000 00 3, 360, 000 00 5, 520, 000 00 960, 000 00 320, 000 00 235, 327 04 274, 879 74 510, 206 78 267, 94. 117, 10, 136,534 50 78,654 29 147, 826 87 22, 408 75 8, 206 03 424, 337 87 173, 285 22 265,499-61 32, 506 49 8, 206 03 $22, 349 07 27,414 40 393,630 44 903, 837 22 50, 293 47 803 630 672 099 37 93 74 74 510,206 73 td 145, 640 265, 499 32, 508 8, 206 82 61 49 03 40L 488 80 145, 840 82 265,499 61 32, 508 49 8,206 03 »ij O td O 14,762, 000 00 510, 206 76 853, 543 75 W On J a n u a r y 1, 1868 : Central Pacific K a n s a s Pacific Union Pacific Central Branch Union Pacific . W e s t e r n Pacific Sioux City and Pacific td 6, 074, 000 00 4, 680, 000 00 8,160, 000 00 1,280,000 00 320, 000 00 424, 337 87 173, 285 22 265, 499 61 32, 508 49 8, 206 03 20, 714, 000 00 145,613 83 122, 580 26 210, 562 28 30. 325 50 9, 600 00 569, 951 70 295,865 48 476, 061 89 62, 833 99 17, 806 03 518, 681 87 1, 422, 519 09 29, 899 07 146, 935 26 249,191 98 428,026 31 540, 052 63 146, 930 22 226, 669 91 62, 633 99 17, 806 03 540, 052 63 146,-930 22 226, 869 91 62, 833 99 17, 806 03 994. 492 78 994, 492 78 m td o Pi td H > Kj On J u l y 1, 1863 : Central Pacific ' K a n s a s Pacific Union Pacific Central B r a n c h Union Pacific . W e s t e r n Pacific Sioux City a n d Pacific On J a n u a r y 1,1869: Central Pacific K a n s a s Pacifi'c Union Pacific Central .Branch Union Pacific. W e s t e r n Pacific Sioux City and Pacific . . . . . . . O 7, 020, 000 00 6. 080, 000 00 12,957,000 00 1, 600, 000 00 320, 000 00 J, 112, 000 00 569, 951 70 295, 865 46 476, 061 69 62, 833 99 17, 806 03 165, 641 16 165, 258 16 288, 593 86 46, 974 27 9, 600 00 19, 603 76 29, 089, 000 00 1,422, 519 09 715, 671 21 2,138,190 30 823,169 81 1, 314, 020 49 1, 314, 020 49 16, 664, 000 00 6, 30.3, 000 00 24, 078, 000 00 1,600,000 00 320, 000 00 1,112, 000 00 755, 592 86 461,123 64 764, 655 75 109, 808 26 27, 406 03 19, 603 76 347,193 73 164, 599 45 549,109 77 46, 000 00 9,600 00 33, 360 00 1,102,766 59 645, 723 09 1, 313, 765 52 157, 808 26 37, 006 03 52, 963 76 46,158 10 368, 406 97 719, 214 87 1, 056, 628 49 277, 316 12 594, 550 65 157, 808 26 37, 006 03 52, 947 49 1, 056, 628 49 277. 316 12 594, 550 65 157, 808 26 37, 006 03 52, 947 49 1,171, 862 95 3, 310, 053 25 1,133,796 21 755, 592. 80 461,123 64 764, 655 75 109, 808 26 27,406 03: 19, 603 76' 36, 949 07 266, 367 71 • 524, 853 03 718, 194, 243, 109, 27, 19, 643 755 802 808 406 603 79 93 72 26 03 76 718,643 79 194,755 93 243, 802 72 • H 109, 808 26 td 27, 406 03 19, 603 76 W Pi td ;> 50, 097, 000 00 2,138,190 30 2,176, 257 04 Ul 2,176, 257 04 a Kl ^1^ oo If o o a < On J u l y 1, 1869 : C e u t r a l Pacific Kansas Pacific Union Pacific Central Branch Union Pacific . W e s t e r n Pacific * Sioux City and Pacific . . .58, 638, 320 00 25, 881, 000 00 6, 303, COO 00 27, 075, 000 00 1, 600, 000 00 . 1, 648, 000 00 1,628,320 00 On J u l y 1,1870 :• Central PacificK a n s a s Pacific Union Pacific C e n t r a l B r a n c h Union Pacific W e s t e r n Pacific Sioux City and Pacific O-I ..si a .*.p • ^^ lis • •l l . ^.£202 hj O Pi H O < $22, 789, 000 .00 6, 303, 000 00 25, 998, 000 00 1, 600, 000 00 320, 000 00 1, 628, 320 00 On J a n u a r y 1,1870: Central Pacific Kansas Pacific.. Union Pacific Central Branch Union Pacific W e s t e r n Pacific Sioux City and Pacific CO >-> a^^i Total amount of interest due the United States from Pacific Railway companies. o a R a i h v a y companies. t'bO Balance of accrued interest due the United States on iuterest account. .a Balance due . the United States on interest account, deducting repayments. a o Repayment of interest by transportation of mails, troops, &c. Amount of interest accrued and paid to date as per preceding statemient.- TABLE F.—Statement of 30-year ^2^^^^ c^^^^* honds {interest payahle January and July) issued to^the several Facific Eailway companies, ^-c.—Continued. • $1,102,786 645, 723 1,313,765 157, 808 37, 006 52, 963 59 09 52 26 03 76 3, 310, 053 25 1, 719, 216 834, 613 2, 061, 669 205, 806 46, 606 ~ , 96, 508 18 09 89 26 03 69 64,135, 320 00 4, 964, 622 14 25, 861, 000 6, 303, 000 27, 075, 000 1, 600, 000 1, 970, 000 1, 628, 320 2, 491, 744 1, 023, 903 2, 891, 729 253, 808 73, 288 145,356 0000 00 00 00 00 26 09 85 26 76 29 $616, 429 189,090 768,104 48, 000 • 9, 600 43, 514 59 00 37 00 00 93 1, 674, 768 69 772, 528 189,090 609, 659 48, 000 26,682 48, 649 08 00 96 00 73 60 1, 895, 010 37 770, 023 189, 090 821,641 48, 000 . 57, 908 48,849 $1,719,216 834, 813 2, 081, 669 205, 806 46, 606 96, 506 18 09 69 26 03 69 4, 984, 822 14 . 2, 491. 744 1, 023, 903 2, 891, 729 253, 808 73, 268 145, 358 26 09 65 26 76 29 $72. 666 546,569 906, 446 3, 490 99 10 11 79 16 27 $1,646,549 288, 243 1, 175, 423 202, 317 46, 606 96, 492 1, 529,169 26 3, 455, 632 63 116, 765 631,224 1,107,427 5, 301 2, 374, 978 392, 676 1, 784, 302 248, 506 73, 288 144, 988 86 99 54 92 369 40 L 861, 069 71 5. 018, 742 80 58 00 20' 00 60 60 3,261,767.84 1,212,993 09 3, 713, 371 05 301, 808 26 131,197 36 194, 207 89 164,'054 684,359 1, 269, 576 7,401 396 08 3, 097, 71^3 67 528, 633 97 2, 423, 794 18 294, 406 34 131,197-36 191}, 811 81 19 99 76 47 03 42 3, 455, 632 88 2, 374, 978 392, 676 L 764, .302 248, 506 73, 288 144 988 40 10 31 34 76 89 6, 879, 832 51 17 12 87 92 $1, 646, 549 288, 243 1,175,-423 202, 317 46, 606 96, 492 19 99 78 47 03 42 40 10 31 34 76 69 5, 018, 742 80 $155, 730 28,717 67, 767 17, 857 4, 274 5,154 40 58 69 43 71 20 3, 253, 444 557, .351 2,491,561 3] 2, 263 13.5, 472 198, 966 07 55 87 77 07 01 Ul td o .td H Pi X o >^ w PO td \>- Ul a pi On J a n u a r y 1,1871: Central Pacific Kansas Pacific. Union Pacific . . . . . . Central Bi'ancli Union Pacific .. 64, 457, .320 00 6, 679, 832 51 1, 935, 512. 96 8, 815, 345 49 2,145, 786 16 6, 669, 557 33 279, 502 01 25, 881, 000 6, 303, 000 27,236,512 1,600,000 3, 261, 767 1,212,993 3, 713, 37L 301,808 776, 430 169,090 817, 095 " 48, 000 4, 038,197 1, 402, 063 4,530,466 349, 808 241, 638 768,146 1, 434, 952 7, 401 3, 796, 559 14 633, 934 43 3,095,514 08 342, 406- 34 326, 995 56, 879 194, 389 3.5, 410 00 00 00 00 64 09 05 26 00 00 36 00 84 09 41 26 70 66 33 92 81 25 56 83 6, 949, 059 34 4,123, 554 95 690, 613 68 3, 289, 903 '64 , 377, 817 17 • - Kj ^.... . 1 Vi'^estern Pacific Sioux City and Pacific 0 U.July 1,1871: Central Pacific K a n s a s Pacific. > Central Branch Union Pacific Western Pacific Sioux City and Pacific . ._^. 1, 970, 000 00 1, 628, 320 00 131.197 36 194, 207 89 59,100 00 48, 849 60 190, 297 36 243, 057 49 8,281 25 396 08 1S2, 016 11 242,661 41 10, 598 09 15, 762 43 192,614 20 258, 423 84 64,618,832 00 8, 815, 345 49 1, 938, 564 96 10, 753, 910 45 2, 460, 818 94 8,293,091 51 640, 035 97 8, 93.3,127 46 .4,814,627 1, 591,173 5,347,561 397, 808 249, 397 ^91, 907 34.3,266 857, 330 1, 755, 303 9, 276 8,281 401 4,471,360 733, 842 3, 592,258 388, 531 241,116 291,505 449, 76, 269, 46, 16, 23, 4,921,114 810,774 3, 682,132 435, 2.56 257, 492 315,020 2.5,861,000 6, 303, 000 27,236,512 1, 600. 000 • 1, 970, 000 1, 628, 320 00 00 00 00 00 00 4, 038,197 1, 402, 083 4,530,466 349, 808 190, 297 243, 057 Central Branch Union Pacific ^'^estern Pacific -. ..... 25, 881, 000 6, 303, 000 27, 236, 512 1,600,000 1, 970, 000 1, 628, 320 00 00 00 00 00 00 4, 614, 627 L 591,173 5,347,561 397, 808 249, 397 291, 907 On J u l y 1, 1872 : Central Pacific K a n s a s Pacific 776, 430 189, 090 817,095 48, 000 59, 100 46, 849 84 09 77 26 36 09 12,692.475 41 64,618,832 00 00 00 36 00 00 60. 1, 938, 564 96 10,753,910 45 64, 618, 832 00 On J a n u a r y 1, 1872 : Central Pacific Kansas Pacific 776, 430 189, 090 817,095 48, 000 59, 100 48, 849 84 09 41 26 36 49 00 00 36 00 00 60 84 09 77 26 36 09 •12,692,475 41. 5,591,0.57 1, 780, 263 6,164,657 445, 808 . 306, 497 310, 756 84 09 13 26 36 69 1,938,564 96 14, 631, 040 37 777, 318 189, 090 817,095 48, 000 59,181 46, 849 6, 368, 376 07 1, 969, 353 09 6, 981, 752 49 493. 808 26 367. 679 34 389,-60'6 29 90 93 15 92 25 83 94 16 '62 34 11 21 753 932 874 725 376 515 57, 82 27 32 52 13 2, 973, 861 03 9, 716, 614 38 903,177 '63 422, 556 927, 829 1, 964, 850 9, 276 9. 350 401 5,168,501 652, 433 4,199, 807 436, 531 299, 147 340,354 595, 100, 402, 59, 24, 32, 33 30 08 92 25 33 3, 334, 264 76 51 79 05 34 11 81 11,296,775 61 968 272 429 783 076 965 12 17 22 02 92 74 1, 215, 497 .19 51 98 89 66 63 34 10, 621, 792 01 5, 764, 469 9.52, 705 4, 602.236 496.314 . 323, 226 373, 320 63 96 27 36 03 55 12, 512, 272 80 PO td hj o Pi t^ O td Ul td W td Pi . Central B r a n c h Union-'Pacific W e s t e r n Pacific Sioux City a n d Pacific 25, 685,120 6, 303, 000 , 27, 236, 512 1, 600, 000 1,970,560 1, 628, 320 .5, 591, 057 1, 730, 263 6,164, 657 445, 808 306, 497 340, 756 00 00 00 00 00 00 84 09 13 26 36 69 14,631,040 37 64, 623, 512 00 • 23 00 36 00 98: 60 1, 939, 535 17 16, .570, 575 54 527, 025 973, 904 2,181,989 15,839 9, 350 825 39 69. 4342 25 60 3, 708, 9.34 78 5,841,350 99.5, 448 4,799,763 477, 968 358, 329 386, 780 68 40 06 84 09 69 12, 861, 640 76 766, 898 126, 262 537,973 74, 538 33,775 44,165 68 25 22 53 70 12 1,58.5,613 50 6, 605, 249 1,123, 710 5, 337, 736 552, 507 392,104 432, 945 36 65 28 37 79 81 14, 447, 254 26 Kj O td H On J a n u a r y 1, 1873 : Central Pacific ^ Kansas Pacific Union Pacific Central B r a n c h Union Pacific W e s t e r n Pacific Sioux City aud Pacific 25, 865,120 6, 303, 000 27,236,512 1,-600, 000 1, 970, 560 1, 628, 320 00 00 00 00 00 00 64, 623, 512 00 . 6, 368, 376 1, 969, 353 6, 9S1, 752 493, 806 367, 679 389, 606 07 09 49 26 34 29 16, 570, 575 54 776, 553 189, 090 817,095 48, 000 59,116 46, 849 60 00 36 00 80 60 • 1, 938. 705 36 7,144, 929 2,1.58,443 7, 798, 847 541, 606 426, 796 438 455 67 09 85 26 14 89 18, 509, 280 90 614,057 1, 067,179 2, 296, 875 17,714 9,350 825 06 03 90 42 25 69 6, 530, 672 61 1,091,264 06 5, 501, 971 95 524,093-64 417,445 89 437,630 20 4, 006, 002 35 14, 503, 278 55 963, 723 160,631 696, 737 91.093 4.5, ,538 57,153 26 78 82 42 64 49 2,014,878 61 ,7,494,595 1,251, 895 6,196, 709 615,187 462, 984 494, 783 87 64 77 26 73 69 td Ul a 16,518,157 16 • Or On J u l y 1, 1873 : Central Pacific Kausas Pacific . . -. Central Branch Union Pacific . W^estern P a c i f i c . . . ... 1 © 0) a5 ^ all a^^ 1 %x>ai Total amount of interest' due the United States from Pacific Railway Companies. a < a).a Balance of accrued iuterest due the United States on interest account. a i2 ft-a ^p Balance due the United States on interest account, deductiug repayments. :l R a i l w a y companies. ' 11 .a i^ Repayments of interest by transportation of mails, troops, «fec. ao a Amount of interest accrued and paid to date, as per preceding statemeut. TABLE P.—Statemeni of 30-yedr Q per cent, honds {interest payahle January and July) issued to the several Pacific Eailway Companies, cfc.—Continued. a:) td hj O Pi O $25,865,120 00 6, 303, 000 00 27, 236, 512 00 1, 600, 000 00 1,970,560 00 1, 626, 320 00 $7,144, 929 67 2,158. 443 09 7, 796, 847 65 541, 808 26 426,796 14 438, 455 89 $776, 553 60 189, 090 00 817.095 36 - 48, 000 00 59,116 80 46, 849 60 $7, 921, 483 27 2, 347, 533 09 8,615,943 21 589,808 26 135,912 94 487. 305 49 $725, 037 15 1,082,195 36 2,383,019 67 18, 651 92 9, 367 00 4, 869 72 $7,196, 446 12 1. 265. 337 73 6, 232. 923 54 571,156 34 476, 545 94 482, 435 77 %\, 186,1.38 37 197,874 38 881, 263 1& 109,529 94 59, 423 02 . 71,947 61 $8, 382, 584 49 . 1,463,212 11 7,114,191 70 680. 666 28 535.973 96 554. 383 38 64,623,512 00 18,509,280 90 1,938,705 36 20, 447, 986 26 4,223,140 82 16, 224, 845 44 '. 2, 506,186 48 18, 731, 031 92 w td Ul td o PO td H > Kj O w td H W td > Ul w Kl REPORT OF THE SECRETARY OF THE TREASURY. 47 TABLE Q.—Eeturns; hy award of the United States Court of Claims, of proceeds of proxierty seized as captured or ahandoned nnder the act of March 12, 1863, jpaicZ from July 1, 1872, to June 30, 1873. . T o whom paid. 1872. July 2 3 20 22 23 24 26 27 Aug. 1 13 14 17 1873. F e b . 17 19 April 26 May 14 15 21 24 29 June 2 Dominick 0 . Grady's executors, John Quinlan et al Asher Ayres William W. Worthington Daniel L. Ferguson .-.' ' Melvin B. W i l b u r .• .; Eide F . T o r e k ; .• AVilliam and Robert M c l n t y r e Simon Queyrouze's administrator , William H. G-reene J a m e s Cantwell George W . Anderson Alexander Abrams Daniel H. Baldwiu •. William H u n t e r Theodore B. Marshall and George S. Marshall Levi De W i t t and Richard Morgan James K. Reilly J a m e s J. W a r i n g William Lightfoot and David Flanders H e n r y C. Freeman's administrator Esadore Cohn J a m e s W . and H a r v e y W . L a t h r o p Samuel F . O'Neil J o h n Stevenson E . E . Simpson et aZ.,administrators of-John A. Simpson . . Ezekiel E. Simpson...^ Erastus H e n r y ' J o h n C. Schreiner <fe Sons Herman P a r k e r ' s administratrix Elie Cote, for use of J. C. Martin et al Desir6 Godet L a w r e n c e de Give Andrew L o w J H e n r y A. Richmond's administratrix and Samuel Wilmot E d w a r d Padelford's executors Chandler H . Smith i Albert Johnson's executrix,'for use of Martin Tally Adolph B. Weslow • : Anthony F e r n a n d e z E d w i n Parsons and George Parsons E d w a r d Padelford's executors et al Michel Castille '. Julius Witkowski E d w i n M. Price William B. Adams A b r a h a m Backer L u k e Christie. '...' J o h n R. Wilder Lovell & Lattimore William Lattimore ' E d w a r d Lovell Aaron Wilbur's executor Alfred Austell Alexander O l d h a m . . .• Herman Bulwinkle '. H e n r y and Isaac Meinhard....° Simon Witkowski W i l h a m Lindou : Ralph Meldrim. .• J o h u S. Daniel's administratrix...'. Hibernia Armstrong H u g h Carlisle aud George S. Henderson J a m e s C. Terry, survivor of T e r r y & Carnes H e n r y Cobia's executors Octavus Cohen Samuel Meinhard, Isaac M. F r a n k , and A b r a h a m Epstein. A k e Hem-y ' William Markhara : Isaac Rosenheim Antoine Caire, for use of Thoraas C.'Payan •.'.. Virginia Sheftall J o h n S. Rogers : John A. Douglass 1 John M. Cooper ". William H. H u n t e r aud John Gammel William W., and Nelly K. Gordon J o h n and Margaret R i c h a r d s . . . : $03, 268 60 34, 604 08 42, 904 83 15, 343 88 1, 093 63 1, 273 91 4,830 15 14, 592 00 10, 549 15 10,131 67 5, 863 78 1,490 13 12, 252 i& 3, 311 40 13, 907 88. 11, 358 9.3. 9, 934 20 . 2, 483 55. 13,411 17 55,134 61 • 5, 775 00 8. 795 67 2. 980 2(> L 821 27 12, 630 42 28,380 13- • 5, 504 02 7,119 51 • 5, 276 80^ 9, 871 91 5, 760 00> 2,255 30 450, 580 19 13, 493 46 12,323 7:325,166 64 421 96 5, 463 31 19, 537 26 17,219 2825, 585 £5 18,240 00 92, 547 00 68,712 93 21, 396 02. 42, 652 37 " 4, 470 39 . 15, 227 CO5, 296 42 662 23 6, 439 29 16, 888 14 12, 385 88 7, 000 00 8, 218 03^ 10,148 85. 19, 537 261, 729 97 ' 2, 566 33. 67, 258 23: 16,730 00 43, 232 00 32, 460 39 > 107,126'63.. 10, 784 75•24.180 47 12, 345 755, 891 99 14.201 73. 36, 096 00 4.172 22 . 7, 889 85 6,136 55.-. 6, 570 3& •3, 506 60 . 3,013-27;.' 1, 970 2L 48 REPORT OF THE SECRETARY OF THE TREASURY. TABLE Q,.—Eeturns, hy award of the United States Court of Claims, <^^c.—Continued. To whom paid. Date. 1,873. June 6 28 Henry D. Headman William H. Starke Jacob Stern • Karl M. Oppenheimer Stern »fe Oppenheiraer — : Edwin Bates Horatio N. Spencer Robert Hunter. J Rufus C. Barkley Charles Deignan Stephen S. Boone Aaron Champion George H. Linstedt ". Lowell T.'Whitcomb James Reed, for use of Benoni G. Carpenter John J. Gardner Zenon J. Broussard , Jules Perrodin i David W.Davis ^......, Augustus W. Eckel George J. Huthmacher Cornelius Donate James Snipes Thaddeus Kelley's administrator Total , $695 37 44, 938 7.7 1.390 74 3, 782 95 4,909 24 10, 687 06 4, 545 81 1,824 62 5, 327 03 912 31 1,928 63 7, 013 20 2, 085 28 2, 549 69 8,415 84 9, 408 00 15,744 00 64, 512 00 651 65 781 98 1, 433 63 960 00 65 16 4,170 56 1, 960,180 94 REPORT OF THE SECRETARY OF THE TREASURY. 49 TABLE R.—Awards of the Uniied States Court of Claims of proceeds of property seized as captured or ahandoned under the act of March 12, 1863, decreed hut not paid during the« fiscal year ended June 30,1873. Name of claimant. D a t e of decree. 5 e b . 10, 1873 March 3, 1873 March 31, 1673 April April 14, 1673 21, 1673 May May 5, 1673 19, 1873 May' 26, 1673 June 2, 1673 June 4, 1873 J o h n M. Powell Michael Slattery ...'. Thomas W . Keya'^ administrators A b r a h a m B. Matthews '. Samuel G. Cabell Mary Hunter, executrix of J a m e s H u n t e r J o h n L. Hardee, executor of Noble A. Hardee Thomas and Catharine McDermott E m m a P. Sykes 1 J e a n M. L a p e y r e Charles Wilson e t a l H e n r y D. Weed aud George Corn well William M. Wilson Alfred L. T y l e r Dwight L a t h r o p Carl William Heinsuis E d w a r d W . Mar.shall, J o h n N. Beach, and Sidney Root A n d r e w J. Miller...' William J. Poitevent William Battersby - -. William Battersby and Thomas S. Metcalf's executor . . William Battersby and Octavus Cohen William Battersby ahd Andrew Low Charles Green William W. Cones A b r a h a m A. Solomons William J . Jenkins, executor of Eliza Hans Chaplin ..'. William J. Hill Oakley H. By num J o h n McMahon, administrator of J a m e s Cody H e n r y Skipwith, executor of Eliza Hai'desty Samixel Houston :.. Gazaway B.Laraar L u c y C. Murphy '. Freeman B u r r . . . l T h e Home insurance Company T h e Southern Insurance and T r u s t Company John F . Pargoud Martin Tally .'. Frederick A. Kinch, admiuistrator of J o h n Scudder . . . Daniel O'Connor, for the use of Joseph B. S t e w a r t John L. Villalonga H e n r y Brigham et al Samuel C. McPherson's executrix Leon Lippraan, survivor of M. and L. Lippman Matilda Johnson , J a m e s Sheppard ." Howell W . Wright E d w a r d P. Scott, executor of Isaac Scott E d w a r d P . Scott, executor of Isaac Scott E d w a r d P. Scott, executor of Istiac Scott J a m e s N. Cartwright .'. J. Wesley Vick., Clarissa .Ashford, executrix of J a m e s P . Ashford. Charles Hill '. W a r r e n R. Dent • Augustus P. Wetter, trustee of Margaret Telfair .Matthew Malsch ."... Brittain M. Odora :..., John E. Moncure. •J. A. Martin, administrator of J a m e s B. Johnson R. A. Rutherford and N. S. Rector >.^ A. B. Christian, administrator of J. B. Christian .Total 4 F , Amount awarded. $1,994 77 320 55 1,172 97 16, 130 34 20,513 61 4, .375 00 103, 856 86 525 99 3,3.52 36 9, 955 66' 4,032 59 249, 437 18 9, 625 00 86,892 31 5, 610 56 40, 747 83 31, 033 41 29, 553 42 1,631 27 87, 013 67 487, 242 07 • J , 880 86 3, 940 43 155, 554 89 92, 596 40 4, 733 97 9, 432 12 18, 769 50 4, 405 87 4, .558 58 27, 339 56 2,22547 579,343 51 6, 523 00 6, 336 00 35, 529 53 27,176 15 15,266 81 678 72 9, 503 39 2,317 90"' 90, 389 89 876 65 7, 680 00 4, 025 00 15, 195 52 42, 908 32 1,820 10 9, 029 49 • 18,234 32 62,242 15 14,193 00 1, 356 10 23, 589 43 37, 695 95 17, 923 90 8,941 83 8,218 60 6, 392 40 6, 636 11 34,813 70 4,109 40 7, 685 75 2, 635. 096 94 REPORT OF COMMISSIONER OF INTERNAL REYENUE. R.E P O R T OF THE CO.llISSIONER OE INTERNAL REVENUE., • . TREASURY DEPARTMENT, ' O F F I C E OF INTERNAL E E V E N U E , WasMngtorij N'ovemher 7, 1873. S I R : I have the honor to transmit herewith the tabular statements made up from the accounts of this Office, which the Secretary of the Treasury-is required to lay before Congress, as follows: Table A, showing the receipts from each specific source of revenue, and the amounts refunded in each collection district, State, and Territory of the United States, forthe fiscal year ended June 30, 1873. Table B, showing the number and value of internal revenue stamps ordered monthly by the Commissioner, the receipts froni the sale of stamps, and.the commissions allowed on the same; also the number and value of stamps for special taxes, tobacco, cigars, snuff, distilled spirits, and fermented liquors, issued monthly to collectors during the fiscal year ended June 30, 1873. Table C, showing the territorial distribution of internal revenue from various sources in the United States for the fiscal years ended June 30,. 1864, 1865, 1866, 1867, 1868, 1869, 1870, 1871, 1872, and 1873. Ta;ble-^D, showing the aggregate receipts from each collection district, State, and Territorv, for the fiscal years ended June 30,1863,1864,1865, 1866, 1867, 1868, 1869, 1870, 1871,' 1872, and 1873. Table E, showing the total collections from each specific source of revenue for the fiscal years ended June 30, 1863, 1864, 1865, 1866, 1867^. 1868, 1869, 1870, 1871, 1872, and 1873. Table F, showing the ratio of receipts from specific sources to the aggregate of all collections for the fiscal years ended June 30, 1864,1865,. •1866, 1867, 1868, 1869, 1870, 1871, 1872, and 1873. Table G, an abstract of reports of district attorneys concerning suits. and prosecutions under the internal revenue laws, during the fiscalyear ended June 30, 1873. Table H, an abstract of seizures of property for violation of internal revenue laws during the fiscal year ended June 30, 1873. The aggregate receipts from all sources, exclusive of the direct tax upon lands and the duty upon the capital, circulation, and deposits of national banks, for the fiscal year ended June 30, 1873, were $114,07^,456.08. This amount includes sums refunded and allowed on. drawbacks. The amount of drawback allowed during the last fiscal year was as« follows : On spirits On tobacco On general merchandise Total.. _ ..i .' „ ,... $33,.7G0 20 1,959 30 16,,686 81 , 52,,346 31 54 REPORT ON T H E FINANCES. The amount of tax abated on spirits destroyed under act of May 27, 1872, was $27,855. There were refunded during the last fiscal yearfor taxes illegally assessed and collected $618,667.77. SPIRITS. The following statement shows the receipts from the several sources relating to distilled spirits for the fiscal years ended June 30, 1872 and 1873, together with the increase and decrease from each source : Sources. R e c e i p t s for R e c e i p t s foi? fiscal y e a r 1872. fiscal y e a r 1873. S p i r i t s distilled from apples, p e a c h e s , 01.- g r a p e s S544, 846 S p i r i t s distilled from m a t e r i a l s o t h e r t h a n ajDples, p e a c h e s , or f ' r a p e s . . - • . - . . 32, 572, 940 W i n e m a d e i u i m i t a t i o n of c h a m p a g n e . 20 *319, 504 Rectifiers ,:. 4, 028, 604 Dealers, retail liquor ., I>ealers, ^vholesaTe l i q u o r , *727, 651 M a n u f a c t u r e r s of stills 1, 391 StiUs or w o r m s m a n u f a c t u r e d 4, 260 s t a m p s for distilled s p i r i t s i n t e n d e d for export 290,264 s t a m p s , distillery w a r e h o u s e • S t a m p s , rectifier's',^ '. ! 367, 424 S t a m p s , w h o l e s a l e liquor d e a l e r s ' 139, 602 4,118 E x c e s s of g a n g e r s ' fees , -Articles a n d occupations r e l a t i n g to spiri t s f o r m e r l y t a x e d h u t u o w e x e m p t .. *10, 474, 684 Total.- 63' ^2,014,045 60 16 00 20 93 92 66 00 41,116, 419 3,531 371, 4.56 5,016,904 781, 663 1, 393 3, 280 18 90 72 10 82 26 00 00 00 75 95 7, 031 148, 418 186,100 73, 767 520 50 80 60 00 85 96 2, 374,186 45 49, 475, 516 36 52, 099, 371 78 Increase. Decrease. %\, 469, 796 77 8, 543, 479 3,511 51, 952 988,299 54, Oil 1 02 90 52 17. 90 60 $980 .00 7, 081 50 141, 845 181, 323 65,835 3, 598 20 40 75 10 , 100, 696 51 11,118,134 38 ;, 494, 278 96 A g g r e g a t e i n c r e a s e , ^1^2,623,655.42. * T h i s . a m o u n t , $10,474,884.96, i n c l u d e s |636,200.71 t a x on rectifiers p r o d u c i n g in excess of 200 h a r r e l s p e r y e a r ; !$1,337,911.71 on sales of l i q u o r s iu excess of $25,000 (including o t h e r m e r c h a n d i s e ) p e r a n n u m ; $2,010,986.53, p e r d i e m t a x on distilleries, a n d $6,489,786.01 distillers' special a n d ha.rrel t a x , all of w h i c h t a x e s w e r e i u c l u d e d in t h e r e p o r t for l a s t y e a r on p a g e V I I u n d e r t h e i r a p p r o p r i a t e h e a d i n g s , h u t w h i c h t a x e s w e r e r e p e a l e d h y a c t of J u n e 6, 1672", a n d a r e n o w t h e r e f o r e p r e s e n t e d iu one a m o u n t . The increase in the. receipts fromthe gallon tax on distilled spirits was $10,013,276 ; and from the special tax of rectifiers and dealers in ^ liquor, $1,094,264 5 making a total increase from these sources of over ,$11,000,000.. The tax on distilled spirits was raised from 50 to 70 ceuts per.gallon August-1, 1872. To this fact,is due the large increase in the receipts from this source. The large increase.in the receipts from special taxes is doubtless owing in great part to the earlier and more thorough collection of special taxes since the introduction of the present system of paying them by stamps. A part of this $11,000,000 increase was, however, offset by the loss of nearly $400,000 during the last year by the reduction of the value of stamps for spirits, other than tax-paid stamps, from 25 cents to 10 cents each, under act of June 6, 1872; and by the further loss of a little over $8,000,000 by the repeal, under the same act, of certain taxes relating to spirits, leaving a balance of alittle more than two and a half millions as the increase in the receipts from all sources relating to spirits. ^ . . ; PRODUCTION OF SPIRITS DURING FISCAL YEAR ENDED* J U N E 3 0 , 1 8 7 3 . ,Taxahle gallons. Total i^roduction from materials other than fruit Total i^rocluction from fruit Total : L (j8,23'6, 5(-)7 2, 914, 800 71,151,367 COMMISSIONER OF INTERNAL 55 REVENUE. The following tabular statement shows the distribution of distilleries in the various States and Territories: Statement sliowing the numher of distilleries registered and operated during the fiscal year ended June 30, 1873. Grain. Molasses. Pruit. o states and Territories. 11 r6 6 6 1 O i' 3 1 8 5 6 5 1 3 2 43 28 4 1 3 2 43 28 4 2 163 4 d Arkansas Florida Illiuois Indiana . . ... Kansas Kentuckv . . . Marvland jMassachusetts Minnesota . Mississippi Missouri . 178 4 - South Carolina Tennessee Texas Utah . . . . . Vermont Virginia i - -- 24 1 1 20 1 1 2 2 14 39 61 •. •. S • . . . . . . . .. West Virginia Wisconsin Total 8 2 • 2 i 1 7 7 "o 74 21 231 125 77 , 57 12 194 125 77 646 629 84 157 14 80 148 14 714 16 706 1 118 54 95 32 7 205 7 185 2 200 5 121 1,699 70 3 129 2 189 5 116 1,696 69 3 115 142 666 25 138 657 21 10 1, 424 1 284 1 10 1,401 1 162 1 7,325 6,948 77 21 239 130 77 1 649 2 127 185 18 7 892, - 20 1 126 63 2 58 12 ^0 130 77 1 632 2 123 176 18 , 2 869 •5 1 103 41 2 7 229 1 1 7 205 1 1 • Nehraaka NeA'ada New Hampshire New Jersey New Yf)rk .'. North Carolina Ohio Oregon Penusyivania 8 2 2 . 1^ i ... . 1 1 13 33 51 1 1 37 78 2 1 1 48 2 40 21 2 1 10 20 1 • 9 611 543 13 13 3 3 191 202 5 5 ' 130 136 1, 729 1,738 131 120 3 3 195 • 218 1 1 • 138 142 ' 697 714 21 27 io 1, 445 3 285 11 7,949 10 1, 421 1 163 10^ 7,504 From the above table it appears that during theJast fiscal year 7,325 fruit distilleries were registered, and 6,948 operated; and'that of the distilleries other than fruit, 624 were registered, and 556 operated. The following stateraent shows the number of grain and molasses distilleries in operation at the beginning of each month duriug th^ fiscal year ended June 30, 1873 : , 56 R E P O R T ON T H E FINANCES. N u m h e r of dis- > Capacity of grain distilleries. tilleries. Months. Grain. Molasses. Bushels. Gallons. Capacity of molasses distilleries. Total spiritproducing capacity. •Spirits. Gallons. _L_ July August... September Octoher— No.vemher December January.. Pebruary. March Auril May , June 158 144 159 196 227 260 301 352 378402 309 301 8 ^ ' ) ^ 10 10 9 9 10 10 9 9 10 10 .58, 813 41,037 49, 988 61, 928 71, 922 73, 234 77, 465 78, 503 74, .535 71, 514 53, 652 58, 607 209, 596 .136,921 174, 536 214, 960 249, 481 229, 832 263,197 271, 624 255, 645 241, 604 181, 860 203,110 11, 209 11, 323 1.5, 613 15, 896 15,132 11, 608 12,261 14, 390 13, 631 9,877 10, 959 11, 304 9,567 9, 624 13, 270 13, 510 12, 862 9,866 10, 422 12, 291 11, 585 8,395 9, 324 9,109 Gallons. Quantity of distilled spirits in bond July 1, 1872, at 50 cents Quantity of distilled spirits produced d u r i n g t h e year ended June '30, 1873, at 50 cents. : Qnantity of distilled sy.nrits.produced duriug tbe year ended Jurie 30, 1873, at 70 cents .' 219,163 146, 545 187? 806 • 228, 470 262, 343 239, 693 278, 619 284,115 267, 230 249, 999 191,184 212, 219 Gallons. 10,103, 392 5, 359,013 62,877,554 68,236,567 Quantitj^ of distilled spirits withdrawn on payment of tax, at 50 c e n t s . . . . 14,885,340 Quantity of distilled spirits withdrawn on payment of tax, at 70 cents ' 48,086, 073 ^62,971,413 .Quantity of distilled spirits exported, at 70 cents 625,944 Quantity allowed, by special credits, at 50 ceuts * ' 45, 664 Quantity of distilled spirits withdrawn for scientific purposes, a.t 70 cents. 2, 865 Quantity on which the tax has been abated under the act of May 27,1872, at 50 cents 43,925 Quantity remaining in bond July 1, 1873, at 50 ceuts . . .• 487, 476 Quantity remaining in bond July 1, 1873, at 70 cents 14,162, 672 ' . . , • 14,650,148 1,732,686 gallons of the quantity reported as remaining in bond have been rernoved on export bonds and proofs of lauding, not yet presented, so tliat the quantity actually in warehouse is 12,917,462 Quantity removed for export during the year, includiug the quantity ac' counted for. '.. .' 2, 358,630 The,tax collected, on spirits withdrawn from warehouse during the fiscalyear 1872 was $32,457,235.50. Tlie tax collected on spirits withdrawn frora warehouse during the fiscal year 1873 was $41,102,921.10. The tax on spirits Avithdrawn for export during the fiscal year 1873 was $1,651,041. If the tax had been collected on spirits withdrawn for export during the fiscal year 1873, as was the case during the fiscal year 1872, the receipts for the fiscal year 1873 w'ould have been increased $1,651,041; thus swelling the receipts irom spirits withdrawn from bond for the fiscal year 1873 to t42,753,962.10. A comparative statement, therefore, of the receipts on account of all spirits withdrawn from bond for the two years, under like circumstances, AYOuld show an increase of $10,296,7.26.60, or over 31 per cent.,-ih the receipts of the fiscal year 1873 over those for the preceding fiscal year. The act of June 6, 1872, authorizing t|je withdrawal of spirits from, distillery warehouse for export, without payment of the tax, has been in operation since the 1st of August, 1872, under the regulations of this Office approved by the Secretary of the Treasury: Number of rectifiers in business July 1, 1873 ..'. Number of distillery w^arehouses in existence July 1, 1872 Number of distillery warehouses in existence July 1, 1873 Number of distillery store keepers in assignment July 1,1873 Nnmber of distillery store keepers in .commission July 1,1873 1, 347 385 531 624 1; 105 COMMISSIONER OF INTERNAL REVENUE. 57 IMITATION WINES., The tax received on imitation wines during the year ended June 30, . 1873, was $3,531.90. FERMENTED LIQUORS. The tax received on fermented liquors, at $1 per barrel, for the years 1872 and 1873 was $8,009,969.72 and $8,910,823.83 respectively. The number of brewers engaged in the manufacture of fermented liquors during the fiscal year ended June 30,1873, was 3,554, distributed ' as*follows: Alabaina, 5 ; Arizona, 15; Arkansas, 1; California, 201; Colorado, 44; Connecticut, 3 1 ; District of Columbia, 18 ; Delaw^are, 3 ; Dakota, 5 ; Florida, 3 ; Georgia, 7; Idaho, 15; Illinois, 210; Indiana, 158; Iowa, 174; Kansas, 55-, Kentucky, 53; Louisiana, 17; Maine, 8 ; Mary Land, 74; Massachusetts, 49 ; Michigan, 202 ; Minnesota, 132; Mississippi, 3 ; Missouri, 130; Montana, 31; Nebraska, 23 ; INTevada, 41; IsTew 'Hampshire', 5; i^ew Jersey, 8 1 ; iSTew Mexico,.8; 'Eew York, 481; North Carolina, 2; Ohio, 296; Oregon, 34 ; Pennsylvania, 500; Ehode Island, 6 ^ South Carolina, 4 ; Tennessee, 7 ; Texas, 50 ; Utah, 29 ; Yermoiit 2; Virginia, 10 ; Washington Territory, 15; West Virginia, 2 1 ; Wisconsin, 280 ; Wyoming, 15. The number of breweries reported for 1872 was 3,421. The increavse in the receipts of the last over the preceding year will be seen to be, in number of breweries 133, in aggregate of tax paid $900,854.11, and average per brewery of $165.86. But'this comparison does not afford a full and fair exhibit of the increased productiveness of the country in this branch of our manufactures, oroi:' the increased efficiency of the improved means employed by this Office for securing the tax iraposed thereon. The number of breweries given for the year ended June 30, 1873, comprise all the tax-paying breweries, which had been in operation for any portion of that year. This is true, also, of the number given for the year 1872. But within the fiscal year ended June 30, 1873, in portions of the country the sale of iermented liquors was' prohibited by State enactments, and numbers of breweries w-ere thus cut short, by other than business causes, of the time within the year duriug which they would otherwise have continued to operate, and the production of those continuing to manufacture in the States referred to has been materially lessened. • TOBACCO. The total receipts from tobacco for the fiscal year ended June 30, 1873, were $34,386,303.09. Compared with the total receipts for th'e . fiscal year ended June 30, 1872, the following results are sho\yn : Year ended June.30, 1873, tobacco manufactured, of call descriptions, taxed at 20 cents per pound ^'|22,217,127 93 Snuff, taxed at 32 cents per pound 1, 082,048 60 Tobacco, &c., taxed at 32 cents ])er ijound, old collectious 94,270 22 Tobacco, &c., taxed at 16 cents x>er pound, old collections...... 4,411 47. __ • $23,397,858 22Year ended June 30,1872, tobacco manufactured, snuff, ." &c., taxed at 32 cents per pound 18, 674, 569 26 TobaccO; smoking, &G., taxed at 16 cents per p o u n d . . . 5,896,206 33 . ^ ,_« 2i, 570,775 s a " Sbowing a decrease of collections on manufactured to-. .bacco of all descriptions of - 1,172,917 37 58 • REFORT ON T H E FINANCES. Year ended June 30,1873, cigars, clieroots, a.ud cigarettes • |8,\^940, 391 48 Year ended June 30, 1872, cigars, cheroots, and cigarettes " Sbowing an increase on cigars, &c., of X, 566,156 86 . 1, 374,234 62 Year ended June 30, 1873, received from sale of export stamps, at 25 ceuts ' |175 00 Export stanips, at 10 cents : 5, 419 60 $5,594 60 53,576 25 47, 981 65 Year ended June 30, 1872, received from sale of export stamps Decrease from sale-of export stamps Year ended June 30, 1873, received from, dealers in leaf tobacco Year euded Juue 30, 1872, received from dealers in leaf tobacco .. Decreased collections from dealers in leaf tobacco 141,969 88 Year ended June 30, 1873, received from dealers in manufactured tobacco, &c •-Year ended June 30, 1872, received from dealers in manufactured tobacco, &c Increased collections from dealers in manufactured tobacco, &c $118, 517 74 260, 487 62 .. Year ended June 30, 1873, received from special taxes.of tobaccb and ' cigar man ufacturers • , Year ended June 30, 1872, received from special taxes of tobacco and cigar manufacturers $1,663,552 02 1,102, 357 89. 561,194 13 $165, 091 • 27 182, 816 31 Decreased collections from special taxes of tobacco and cigar manufacturers ...-•. .' 17,725 04 Year ended June 30-, 1873,^ collected from special taxes of peddlers of tobacco, under the actof June 6, 1872 " $50, 694 96 Year ended Juue 30, 1873, collected from sales of cigars, leaf and manufactured tobacco, and upon the ]3enal sum of bonds of tobacco manufacturers, taxes w^hicli had accrued prior to June 30, 1872 $44,602 80 Giving a grand total as above of $34,386,303.09, and showing an increase in the total receipts from the manufacture and sale of tobacco, snuff, and cigars, in all their forms, over the receipts from the same sources for the preceding fiscal year, of $650,132.57. PRODUCTION OF MANUFACTURED TOBACCO.- The quantity of tobacco represented by the collection of taxes, as above, during the year ended June 30, 1873, is as follows : Pounds. Tobacco of all descriptions, taxed at 20 cents per pound Snuff, taxed at 32 cents per pound Tobacco, taxed at 32 cents per pound Tobacco, taxed at 16 cents per 'pound Tobacco, &c., exported directly from manufactories I l l , 085, 640 3, 381," 402 294,594 27, ^572 8,177,107^ Total in pounds 122, 966, 315 Deductiug the quantity stored in bojided warehouses June 30,187.2, and • withdrawn during the year on paymentof tax, together with the quantity on which taxes vvere collected whicli had accrued prior to July 1, 1872, to the amount of..: • 6,525,381 . And we have a balance of 116", 440,934 pounds as the actual product of the year, so far as such products have been reported to this Office,' and showing" an increase over the annual production reported for the preceding fiscal year of 9,180,079 pounds. COMMISSIONER OF INTERNAL REVENUE. 59 The number of cigars, cheroots, &c., on which taxes were collected during the fiscal year ended Jane 30, 1873, was 1,807,034,646, showing an excess over the number reported for the preceding fiscal year of ' 279,328,674. ° ' The act of June 6, 1872, established a uniform rate of tax on all descriptions of chewing and smoking tobacco of 20 cents per pound, in-, stead of the previous rates of 16 and 32 cents per pound, leaving the rate of tax on snuff at 32 cents per pound, as provided by the act of July -20, 1868. This was an average reduction of 22j- per cent, upon the rates at which the taxes for the previous fiscal year had been collected. But,'notwithstanding this large reduction in the average rate of tax, . ' the decrease of collections under the new_ ate of 20 cents per pound on all descriptions of tobacco, both chewing and smoking, is only a small fraction over 4 per cent., or, more exactly, 4j'^ per cent. Daring the fiscal year ended June 30,1873, the unprecedented quantity of 114,789,208 pounds of tobacco in its various manufactured forms reached taxation, being a quantity in excess of the preceding fiscal year of 19,579,889 pounds. , A part of this increase is owing to increased consumption, which undoubtedly keeps pace with the annual increase of population. A part may be due to the fact that after the closing out of the bonded warehouses a portion of the surplus stock which previously had been stored in them, awaiting a demand for consumption before the tax was paid, ' was during the last year placed upon the market, tax paid in anticipation of its demand., But by far the greater portion of this increase, in my opinion, to an amount not less than 15,000,000 pounds, is directly due to the fact that the act of June 6, 1872, which went into operation at the beginning of the last fiscal year, imposed a heavier tax on the sale of leaf tobacco, where such sales were made to persons who purchased leaf tobacco for direct consumption in an unmanufactured state thus requiring the consumer to pay about the same amount of tax to the Government on the tobacco he consumed, whether in the manufactured or unmanufactured form. As between the two classes of tobacco, the tax being equal, or nearly so, the consumer does not hesitate to give the preference, in almost every case, to the manufactured article. As shown by the figares given, the rcvsult of this legislation has been to increase largely the returns of manufactured tobacco, thus, showing that the business of the manufacturers has been also largely increased. It 'has at the same time freed them from an unjust and an unequal competition with dealers in unmanufactured tobacco. It has enabled the Government to make a large reduction in the rate of tax, (22J per cent.,) thereby cheapening the article to general consumers, while at the same time no material reduction has been made in the revenue derived directly from chewing and smoking tobacco. Equally favorable have been the results upon the legitimate cigar trade o f t h e additional provisions relating to leaf tobacco. They have been alike protective to the interests both of the Government and the honest cigar manufacturers. Under the present law none but legally authorized cigar manufacturers can purchase leaf tobacco to be made into cigars. The leaf dealer who shall sell leaf tobacco to an unauthorized manufacturer or maker of cigars, to be illicitly worked ui3 without the payraent of the Government tax, which w^as largely practiced prior to the present strin gent enactments on that subject, renders himself liable to a special tax of $500, in addition to penalties. It is estimated that not less • than $500,000 of the increased collections upon cigars duriug the last 60 REPORT ON T H E FINANCES. fiscal year are due directly to the practical operation of th'ese provisions on that branch of the tobacco business, and to that extent has the legitimate cigar trade, as well as the Government, been benefited. EXPORTATION OF MANUFACTURED TOBACCO. Apprehensions were entertained by parties favoring the continuance of tire former system of export bonded warehouses, that there would be a large falling off in the qaahtity of manufactured tobacco shipped to foreign coantries under the present systein. These predictions, however, have not been verified'by the actual results, which show, that notwithstanding sorae considerable time was required fally to inaugurate the change, and to farailiarize shippers with all the details of the law and regulations under which such shipments are now made, instead of there being any falling off, there was an acfcaal increase of some 544,064 pounds of exported tobacco during the last fiscal year. The reports made to this.Office of such shipments show the following results: Year ended June 30, 1873, exported of tobacco in warehouses, June 30, 1872 Exported directly from manufactories Total exports for the year Year ended June 30, 1872 Pounds. 1,932,937.75 8,177,107.75 10,110,045.50 9,565,981.00 Showing an increase of , 544,064. 50. It has been the aim of this Office to render every facility in its power, to the exporters of manufactured tobacco, and to that end it has endeavored to make the rules and regulations governing such exporta-* tions no more exacting than the safety of the revenue'should require, and to reduce the expenses of exporters on account of export stamps, inspection fees, &c., to the miniraam sum that the efficiency of the service would allow, in order to promote as much as possible this branch of our foreign trade. .UNIFORM TAX. The consolidation of the different rates of tax on different classes of chewing tobacco has seemed to realize in practice all that the friends of this measure predicted of good results. No branch of the business seems to have experienced any inconvenience, or suffered any diminution in the amount of business formerly done under a graded tax, in consequence of such uniform tax. Not only has there been a large increase generally in the production and sale of manufactured tobacco, but it.is believed that this increased business has been done with a reasonable amount of profit to the manufacturer.' The law in its present operation is thought to act equally and impartially. Its requirements have become better understood. There has been a more general acquiescence in these requirements during the last fiscal year than ever before. There have been fewer violations of law and regulations, fewer seizures, and fewer prosecutions reported. Abstract of cases compromised. The whole number of cases compromised, as provided under section. 102, act of July 20, 1868, during the fiscal year ended June 30, 1873, was 492, COMMISSIONER OF INTERNAL REVENUE, 61 . Amount of tax accepted :,..-• 1 : Assessed penalty fixed by law Specific penalty in lieu of fines, penalties, and forfeitures $182,376 10 ,1,872 56 77,921 33 > Total araount received by compromises 262,169 99 Abstracts of reports of disti'ict attorneys for tlie fiscal year 1873. SUITS COMMENCED. Number of criminal actions Nuraber of civil actions in personam Number of actions in rem •. 2,3i5 631 .... 271 ......' Whole number commenced •. : 3,217 SUITS D E C I D E D I N FAVOR O F U N I T E D STATES. Number of criminal actions Number of civil actions in personam Number of actions in rem .' 950 378 316 j. Total number of suits decided in favor of United States • 1, 644 SUITS D E C I D E D AGAINST T H E U N I T E D STATES. Number of criminal actions Number of civil actions in personam Number of actions in r e m . . . '. '411 34 50 Total number of suits decided against the United States 495 S U I T S S E T T L E D OR DISMISSED. Number of criminal actions Nuinber of civil actions in pei^sonam Number of actions in rem 1,315 • 125 .. 116 Total number of suits settled or dismissed 1,556 SUITS P E N D I N G J U L Y 1, 1 8 7 3 . Number of criminal actions Nuraber of civil actions in personam Number of actions m rem ' 3, 930 1, 221 474 : Total number of suits pending July 1, 1873 i .5,625 Amount of judgments recovered by United States in suits in criminal actions : ; $154,296 Amount of judgmeuts recovered by United States in suits in civil actions in personam .,i 1, 476, 346 Amount collected on judgments and paid into court in suits in criminal actions 38, 493 Amount collected on judgments and paid into court in suits in civil actions in personam 291,514 Amount collected on judgments and paid into court in actions in rem or proceeds of forfeiture 73,953 20 23 H 97 81 45 ^ Abstract of ^seizures. Seizures of property for violation of internal revenue law during the . fiscal year ended June 30, 1873, were as follows: 45,531 gallons of distilled spirits, valued at 702 barrels of fermented liquors, valued at 210 pounds of snuff, valued at 41,885 pounds of tobacco, valued at 796,069 cigars, valued at Miscellaneous property, valued at Total value of seizures : , ,.. • : $58,231. 95 3, 486 87 16 50 18, 853 95 15, 029 55 193,587 50 289,206 32 The following table shows the receipts from all sources other than 62 REPORT ON T H E FINANCES. spirits and tobacco for the last two fiscal years, with the increase and decrease from each source: E e c e i p t s fiscal EeceiiDts fiscal y e a r 1872. y e a r 1873. Sources. lucrease. Decrease. FERMENTED LIQUOKS. .PeiMTierited liquors, t a x of $1 p e r b a r r e l OD 13r e w e r s ' special t a x Dealers iu malt liquors Total ^8, 009, 969 72 248, 528 74 $8, 910, 823 83 ' ^900, 854 11 56,121 17 304, 650 21 109, 463 80 109, 463. 80 8, 253, 498 46 9, 324, 937 84 1, 066, 439 38 3. 643, 272 19 • 976, 092 13 8, 864 82 3, 009, 302 79 736, 950 05 24,778 62 15, 913 80 4, 628, 229 14 3, 771, 031 .46 15, 913 80 16,177, 320 60 442,205 12 7, 702, 376 85^ ' 461, 653 06 19, 447 94 19, 053, 006 53 6, 329, 782 00 BANKS AND BANKERS. IBanlv deT)0sits B a n k capital Bank ciiculatiou Total . . . . Adhesive staraps Peualties .•. • Articles aud occupatious formerly t a x e d b u t u o w e x e m p t '. 1633, 969 40 239,142 08 873, 111 48 8, 474, 943 75 12, 723, 224 53 The decrease in receipts from banks and bankers and adhesive, stamps is due to legislation approved June 6, 1872. The class entitled ^'Articles and occupations tbrmerly taxed but now ex'empt," includes certain taxes on old lists repealed prior to June 6, 1872, with the tax on income and gas. The aggregate receipts for the last fiscal year exceeded my estimate by $4,075,45i3.08. I t is estimated that the total receipts for the current fiscal year wall be $100,000,000. This estimate will of course be aifected somewhat by the continuance, or otherwise, of the present financial embarrassmeni. It is not thought that any material loss will ensue from the amounts of taxes received from the personal consumption of spirits or tobacco should the financial trouble continue; but a loss would undoubtedl}^ be felt in the amount of spirits used chemically and in the mechanic arts. SCHEDULE C. The correspondence of this Office during.the past year developed the factthat a contrariety.of opinion and practice existed among the officers and tax-payers in relation to taxable articles under Schedule 0. To secure uniformity of practice and, as far as possible, the proper collections from that source of revenue, a pamphlet containing the various rulings of this Office from 1863 to 1873 in regard to" stamp duties on medicines and cosmetics was issued to the local officers, with instructions to place a copy in the hands of every dealer and druggist. The awakened attention thus secured already gives evidence of a healthy effect, and cannot fail to materially increase the revenue from that source should it remain unrepealed. THE NEW SYSTEM. The act of December 24,1872, provided for the abolition of the offices of assessor and assistant assessor on or before the 30th day of June, 1873. Immediately upon the passage ofthe act, preparations were begun in the Office for this radical change. Regulations had to be revised and reprinted and general instructions prepared as to the method to be pursued in closing up the assessing offices and turning over their effects either to the Commissioner or the collectors. To avoid embarrassment from failures to transfer the offices, w^hich would COMMISSIONER OF INTERNAL REVENUE. 63 probably occur in some instances if the change was delayed until the last day (July 1) under the act, it was determined to make it, as far as practicable, on the 20th day of May. On that date a large proper tion of the assessing offices were finally closed, and their papers and property turned over, a part to this Office and a part to the collectors. The assessment'lists, by virtue of which, since^the organization of the internal revenue system in 1862, the vast sums collected were authorized, and by which all refunding claims, either by Congress or the Commissioner, are tested, were shippedby express to this Office, and required over one thousand large boxes to contain them. The lists have been carefully sorted and filed for the future daily use which is demanded of them. .Under the full and explicit instructions prepared and distributed by this Office the change was quietly and systematically made. The outgoing officers, with scarcely an exception, laid oft their official garments gracefully, commendingpthe simplicity and'economy of the incoming system. The few districts that were not ready at that date, through accident OJ otherwise, w^ere prepared for the change by the 30th of June, 1873, and the first day ofthe current.fiscal year fecund the old system gone and the new in operation. Two hundred and twenty-eight assessors, 240 clerks, and 1,040 assistant assessors were thus finally discharged from the service at alarge annual saving to the national Treasury, as shown below. The law which abolished the office of assessor, authorized and required the Commissioner to make the various inquiries, determinations, and assessments of taxes which had been made by these officers; accordingly such monthly assessment lists are now so made up, and transmitted to the collectors of the various districts. It was soon found that the receipts of collectors, for their lists, reached this Office earlier than when prepared by the local assessing officers. This is doubtless largely due to the fact that all these assessments are prepared at one point, •and by the same hands, thus avoiding the delays and controversies referred to in the report of last year, incident to. the varied '^ interpretations of two or three hundred unassociated minds.'' The receipts of special taxes (licenses) show particularly the beneficial effects of the. changes wrought by the new law. The collections from spirits and tobacco have been hereinbefore treated at large under their respective heads. In the report of this Office made last year, in which the new system was proposed, it was asserted that a large saving per annum, in ex-' penses, might be expected if the system was adopted. The following figures will show its annual saving in comparison with the old system which it supplanted, and the plan (act of June 6, 1872) of reducing to eighty, districts, which was repealed-before it ha4 been inaugurated: Tbe .appropriations for assessing' and collectino- tbe internal revenue for tbe - fiscal year ended June 30, 1873, were, (including $1,500,000 for salaries and expenses of gaugers aud store keepers) $6,200, 000 Appropriations for tbe fiscal year 1874, (including $1,500,000 for salaries " and expenses of gaugers and stoi'e keepers) 4,600, 000 Difference , • 1,600,000 The estimate for the fiscalyear 1874, based on the reduction to eighty districts, was $5,662,827, or $537,173 less than tlie appropriation for the fiscal year 1873. The plan adopted in lieu of the eighty-district plan, to wit, abolishing the offices of assessors and asvsistantass.essors, reduced the expenses $1,062,827 lower than the estirnated^reduction under the eighty-district plan, and $1,600,000 lower than the appropriation for 1873, under the old system. 64 " ' REPORT ON THE FINANCES: The estimates for the fiscal year 1875 show a further reduction of $9,458, or $1,609,458 less than the appropriation for the fiscal year 1873, and $1,072,285 less than the estimate for 1874, based on the eighty-district plan. It was thought at first that an additional'clerical force would be needed in this Office in view of the increased labor under the act of December 24,1872, but'diligence and an enthusiastic application to their new duties on the part of the existing clerical forces have obviated such supposed necessity. For a considerable part of the past summer a number of the clerks were employed several hours each day after the regular business hours in executing and adjusting the new system. This gratuitous labor was cheerfully performed, and is descrying bf special commendation. . ; SALARIES. The I change under the .law dispensing with assessors and assistant assessors made a re-organization of the collecting forces necessary, and , required a small average increase of allowance for collecting expenses. The assessing had cost more than the collecting in about the proportion .of three to two. To make the saving anticipated under the new system, and at the same time to insure a sufficient force to superintend and collect the revenue of the country, it was concluded to regulate the expenses, as a general thing, by the following rule: aggregate the entire expense of assessing arid collecting in the. respective districts for the past year under the old plan, divide that by two, and allow the result respectively to each district. This gives a slight average increase to the collectors for expenses to compensate them for the additional labor and responsibility, and yet makes sure the large saving heretofore noticed. It is very desirable that Congress should fix definitely the pay of the leading local officers—collectors. Under the present system, special and controlling allowances have to be made in all cases,the districts arranging themselves into two classes, each of which requires allowance, but for contrary reasons: First, w^hen the collections are small and the salary and commissions are not large enough to personally compensate the collector, and at the same time afford him sufficient means to employ a proper subordinate force. Second, when the collections are so large th'at, with the maximum salary ($4,500) allowed the collector,, there would be more realized, in addition' to his personal salary, than would be proper to be expended on subordinates. In the first class we .give additional aid to secure the due enforcement of the law. In the second we withhold certain amounts to prevent the lavish and unnecessary expenditure of money. It will at once be seen that this is a most delicate responsibility. It involves the measuring of men's services, which is always embarrassing, and urges, a conflict between this department and its chief subordinates on the most tender point, next to character—that of moneyed interest. On the one hand, the subordinate officer is apt to think that he has been unfairly dealt with, while, on the other, the controlling officer is fearful' that he may have been too free with that portion of the public purse intrusted to him. • . It is urgently desired that Congress should fix'by law the exact compensation of collector^, and the following schedule, based upon 'collections, is respectfully submitted as one that would fairly compensate them: . / Collectors collecting not over $50,000'i)er aunum, salary • Collectors collecting over $50,000 and not exceeding $250,000, salary Collectors collecting over $250,000 and not exceeding '$500,000, salary $2, 500' 3,000 3,500 COMMISSIONER OF INTERNAL REVENUE. Collectors collecting over $500,00.0 and not exceeding $750,000, salary Collectors collecting over $750,000 and not exceeding $1,000,000, salary Collectors collecting over $1,000,000, salary .' 65 $4, 000 4,500 5,000 Starting with a sum ($2,500) none too large, it' .would seem., for one who gives a bond ranging from $50,000 to $100,000, and who is responsible in the matter of due diligence for all the taxes of his district, as well as the honesty of his subordinates, and concluding with an amount. ($5,000) strikingly small for the annual care, as is the case in a.number . of instances, of six or seven millions of the public money, i t i s hoped that this recommendatio7i will receive congressional favor and ea;iiy pass into the law; The act of J u n e 6, 1872, • reduced the number of supervisors from twenty-five to ten, thus more than doubling the area of their districts but leaving their compensation $3,000 per annum, the same as before. Under these circumstances I recommend that the salary of supervisors be fixed at $4,000 per annum. ' The duties of these officers are of great importance to .the service and involve constantly pressing and grave responsibilities. In some of their districts the performance of duty is frequently attended with personal danger, and in all it demands constant travel and exposure. Their individual districts average in square miles a territory one-fifth larger than Austria, or nearly as large as the whole of Great Britain and France together. With the general service so much reduced in its numbers, of employ6s and yearly expenses, with the responsibility of the remaining officers so largely increased, it is respectfully suggested that the above slight increase Of expenxliture can be well afforded. REVISION.AND COMPILATION OF THE LAWS. During the year a revision of the internal revenue laws in force, as provided for in section 45, act of June 6, 1872, has been prepared and published, a,nd generally distributed to Congress and the revenue service. This work has been conveniently arranged for reference by plac- . ing, as far as possiblCj all the law on each subject of taxation under its appropriate title j all obsolete or repealed law is eliminated, amendments are incorporated in their proper places, and a full and proper index accompanies the ^vhole. It meets a want^ long felt, substantially aids the efforts of those charged with the execution ofthe laws, and will materially simplify the labor of Congress when considering amendments. thereto. The two gentlemen in this Office, appointed by you to pef' form this work have accomplished it in addition to their regular duties, the larger pbrtiou of i^ after office hours, and, in accordance with prece dent, I would recommend that they be suitably compensated. ADDITIONAL RECOMMENDATIONS. Section 44 of the act of June 6,1872, provided, in effect, that all claims for .the refunding of taxes alleged to have been erroneously assessed or collected must be presented to the Commissioner, and all snits or proceedings to recover such taxes must be brought '; within two years next after the cause of action accrued and not after.^' It provided, however,: as to claims which had accrued prior to the passage of the act, (June 6, 1872,) that the presentation thereof to the Commissioner, or the bringiug • of action thereon in the courts, must be done w^ithiii one year from the last mentioned date. . As must always occur on the taking effect of any statute of limitation, some meritorious claims have doubtless been barred by the act above mentioned which might have been presented, but through neglect, in. 5 F . 66 REPORT ON THE FINANCES. difference, or otherwise, w^ere not. It would seem reasonable, however, to assume that few, if ahy, cases of actual hardship to ta.x-payers failed of presentation within the year given for that purpose. On the other hand, it is quite probable that the statute has barred very many claims which, with 2> i prima facie appearance of legality, were in ffict without merit, either in law or equity, but which it would have been difficult for the Government to disprove, owing to the recent change of system, under which many of our oldest officers have necessarily left the service. I would repeat the suggestion contained in ray report of November 21, 1871, that ^^ section 44 of the act of July'20, 1868, should be amended by making the minimum peiialty smaller, such penalty being now a fine of not less than $1,000, with not less than six months' imprisonment. The undue severity of this punishment would, seem to be obvious as applied to the offenses of carrying on the business of a retail or wholesale liquor-dealer, rectifier, or manufacturer of stills, ' without having paid the special tax' in cases wherein' no intent tp defraud exists; the omission arising from ignorance of the law, or other circumstances not fraudulent, yet constituting no legal excuse under the terms of the section. The practical effect of providing so disproportionate a punishment for these offenses is to discourage complaints, defeat convictions, and induce suspensions of sentence, ih many cases in which some moderate punishment should be enforced, as well to vindicate the law as to secure future compliance with its requirements." The repeal of all documentavry stamp duties under Schedule^B, except that of two cents on bank checks, drafts, or orders, by*l'.he act of June 6, 1872, left many stamps in the hands of dealers and others throughout the coLtntry, for which they had no use; and such as have been presented to this office have been redeemed or exchanged, under the provisions of section 161 of the act of June 30, 1864, as amended by section 41 of the act of June 6, 1872. The amount so redeemed and exchanged from October 1, 1872, to October 1, 1873, was $473,844.44. As it is believed that the public have now had a sufficient notification of the willingness of the. Government to redeem or excha.nge such stamps as might be presented, accompanied by satisfactory evidence that they had not been used, I would recommend such legislation by Gongress as will limit the time to July 1, 1874, within w^hich documentary stainps issued under Schedule B of a greater denomination than two cents may be presented for redemption, under section 161 of the act of June 30,1864, as amended by section 41 of the act of June*6, 1872. The suggestions made in my last annual report that the amendments of June 6, 1872, to section 59 of the act of July 20, .1868, relating to the special taxes of dealers in liquors, should be made more explicit, were fully met by the carefully drawn House bill No. 4069, entitled ^^ An act to correct an error in section 13 of the act of June 6,1872, and to amend certain sections of other acts relating to internal revenue." That bill passed the House of Eepresentatives on the 3d day of March last, but unfortunately'ffiiled of being acted on by the Senate, solely, it is understood, for want of time in which to consider it. It is very important that the same or a similar bill should be enacted as soon as practicable. Eespectfully, J. W. .DOUGLASS, Commissioner. Hon. W I L L I A M A. EICHARDSON, Secretary of the Treasury. REPORT OF COMPTROLLER OF THE CURRENCY. EEPORT COMPTROLLER OF THE CURRENCY TREASURY- D E P A R T M E N T , O F F I C E OF T H E COMPTROLLER OF THE CURRENCY, Washington, November 2SJ 187S, SIR : I have the honor to submit for the consideration of Congress, in compliance with section sixty-one of the national currency act, the following report: The first national bank, under the act of February 25, 1863, was organized in Philadelphia June 20, 1863,* and the first circulating notes were issued December 21 of the same year. Since that time 2,129 national banks have been organized, 32 of which have failed, and 117 gone into voluntary liquidation by a vote of two-thirds of the shareholders, under section 42 of theact. During the lastyear 68 banks have been organized, 11 have failed, and 21 have gone into voluntary liquidation, leaving 1,980 in existence on November 1, 1873. * The first proceedings in the Congress of the United States in reference to the estahlishment,of a bank were June 21,1780, at which time a committee of three was appointed to confer with the inspectors and directors of the proposed bank, which committee, on J u n e 22, 1780, reported as follow^s : Whereas a number of patriotic citizens of PennsyWania have communicated to Congress a liberal offer, on their own credit, and by their own exertious, to supply and transport 3,000,000 rations, and 300 hogsheads o.f ram, for the .use of the Army, and have established a bank for the sole purpose of obtain ing and transporting the said supplies with the "greater facility and dispatch; and whereas on the one hand the associators, animated to this laudable exertion by a desire to relieve the public necessities, mean not to derive trom it the least pecuniary advantage ;" so, on the other, it is just and reasonable that they should be fully re-imbursed and indemnified : Therefore, Eesfilved, unanimously. That Congress entertain a high sense of the liberal offer of the said associators to raise and transport the beforem en tioned supplies for the Army, and do accept the same as a distinguished proof of their patriotism; Resolved, That the faith of the United States be, and the same hereby is, pledged to the subscribers to the said bank, for their effectual re-imbursement in the premises. " * * The proposed bank of 1780 was completed by the act of incorporation of 1781 of tjhe .Bank of North America. This bank was converted from a State bank to a national bank December 8, 1864. 70 REPORT ON T H E FINANCES. The following table exhibits the* resources and liabilities of the national banks at the close of business September 12, the date of their last regular report—the returns from New York City, from other redemption cities, and from the remaining banks being given separately: redempbanks. New York city. Other tion cities.* Country 1,747 banks. 48 banks. 181 banks. Aggregate. 1,976 banks. Resources. Loans an(l discounts 1^199,160,887 79 $262, 523, 070 82 $478, 549, 345 61 594, 439 05 3, 209, 914 03 182, 459 04 Overdrafts !9, 591, 050 00 264, 869, 250 00 IJ. S. bonds to secure circulation... 33, 870,100 00 650, 000 00 3, 026, 000 00 11,129, 000 00 U. S. bonds to secure deposits 3,785,050 00 332, 400' 00 1, 707, 400 00 U. S. bonds and securities on hand. Other stocks, bond, sand mortgages. 552, 797 40 4, 736, 037 68 14, 420,199 45 Due from redeeming and reserve 32,279, 436 .51 63, 854, 684 15 agents Due from other national b a n k s . . . . . 740, 765 99 10, 976,896 48 14, 696, 017 59 6, 609, 859 07 Due from other banks and bankers. 3, 335,728 30 077, 286 04 Eeal estate, furniture, and fixtures. 8, 601,528 75 17, 590, 310 13 469, 984 33 3, 699, 404 08 905, 622 11 2, 380,410 80 Current expenses 5, 356, 773 62 1, 629,890 56 Premiums 766,179 69 1, 908,842 89 7, 466, 300 80 Checks and other cash items — 058, 769 .53 Exchanges for cleaiing-house ... 897, 740 69 21, 028,262 84 8, 502, 644 00 Bills of "other national banks 4, 955,579 00 618, 583 00 11, 211 00 , -15,826 00 Bills of State banks 535, 538 90 1, 428, 841 04 Practional currency 338,394 32 585,810 55 3, 210,970 07 • 2, 071, 688 83 Specie '. 468, 530 00 28, 599, 405 00 42, 279, 728 00 Legal-tender notes 810, 000 00 7, 550,000 00 •2, 250, 000 00 ' TJ. S. certificates of deposit 175, 000.00 Clearing-house certificates...... Totals . 389, 486, 310 48 489, 356, 698 65 •951, 784, 836 40 $940, 233, 304 3, 986, 812 '388, 330, 400 14, 805, 000 8, 824, 850 23, 709, 034 96,134, 120 41, 413, 680 12, 022, 873 34, 661, 823 6, 985, 436 7, 752, 843 11, 433, 913 88, 926, 003 16, 076, 806 • 27, 037 2, 302, 774 19, 868, 469 92, 347, 663 20, 610, 000 175, 000 22 12 00 00 00 53 66 06 41 21 99 87 22 53 00 00 26 45 00 00 00 1, 830, 627, 845 53 Liabilities. Capital stock — Surplus fund TJndiTided profits •. National bank notes outstanding . State bank notes outstanding DiAddends nnpaid Individual deposits U. S. deposits Deposits of U. S. disbursing officers Due to national banks Due to other banks and bankers.. Notes and bills rediscounted Bills payable Totals 70,235, 000 00 127,164,985 00 293, 672,631 00 21, 923,211 45 32, 470, 516 75 65, 920,771 00 11, 210, 470 03 • 12. 764,472 21 30, 540, 189 52 27, 482,342 00 77, 800, 560 00 233, 798,897 00 . 146,525 00 207, 127 00 835, 201 00 205, 979 60 3,20,700 03 875, 868 26 167, 512,662 74 172, 065, 102 29 283,107, 798 26 296, 877 39 1, 496.332 71 6, 036,117 63 40, 297 13 6, 731,509 49 1, 326,753 51 72, 257, 769 25 43, 649, 018 01 17, 765, 945 68 278 28 050 50 18,113, 5, 715,819 36 15, 469, 4,638, 458 78 1, 349,053 58 799 28 62,125 39 2,145, 629 42 ^, 272, 491, 072,616 120, 314, 499 54, 515, 131 339, 081,799 1,'188, 853 1, 402,547 622, 685,563 7, 829,327 8, 098,560 133, 672,732 39, 298,148 5, 987,512 5,-480, 554 389, 486, 310 48 489, 356, 698 65 951,784,836 40 1, 830, 627, 845 53 00 20 76 00 00 89 29 • 73 13 94 14 36 09 * The redeinption cities, in addition to New York, are : Boston, Albany, Philadelphia, Pittsburgh, Baltimore, Washington, New Orleans, Louisville, Cincinnati, Cleveland, Chicago, Detroit, Milwaukee, Saint Louis, and San Francisco. DISTRIBUTION OF THE CURRENCY. The act of February 25, 1863, and the subsequent acts of June 3, 1864, and March 3, 1865, authorize the issue of three hundred aiillions of circulating notes to national banks to be organized under the provisions of those acts, one hundred and fifty millions of which were required to be '' apportioned to associations in the States, in the District of Columbia and the Territories, according to representative population, and the remainder among associations formed in the several States, the District of Columbia and the Territories, having due regard to the existing capitajl, the resource and business of each State, District, and Terri tory.''* • ' The whole amount of currency authorized by these acts was issued to national banks during the four years following. 71 COMPTROLLER OF THE CURRENCY. The following table exhibits the apportionment of the whole amount of circulation authorized by law ($354,000,000) to the different States and Territories, upon the basis of population 'and wealth as given in the census returns of 1870, together with the amount outstanding and authorized, and tlie excess and deficiency: ,. , s t a t e s and Territories. Maine New Hampshire V e r n i ont Massachusetts Khode Island . . . J Connecticut Total Eastern States Apportio n - Apportio n . ment on ment on population. wealth. $2, 877, 818 1, 461,138 1, 517, 376 6, 689, 889 997, 747 2, 467, 152 • 12,053,200 1, 480, 800 1, 380, 600 12, 549, 300 1, 752, 300 4, 566, 600 Aggregate apportionment. $4, 2, 2, 19, 2, 7, 931, 018 947, 938 897, 976 239,'189 750, 047 033, 752 16, Oil, 120 23, 788, 800 39, 799, 920 20,118, 813 4,1.59, 382 16.167, 317 573, 873 3, 584, 651 38, 267, 400 5,540,100 22,425,900 . 566,400 3, 787, 800 58,386,213 9, 699, 482 38, 593, 217 1,140, 273 7,372,451 Total Middle States 44, 604, 036 70, 587, 600 115,191, 636 D i s t r i c t of C o l n m b i a Virginia W e s t Virginia North Carolina South Carolina Georcfia. Plorida '. Alabama Mississipi)i Louisiana Texas Arkansas Kentucky Tennessee M i s s o u r i .• 604, 560 5, 624, 042 - 2, 029, 041 4, 918, 022 3, 239, 045 5, 435, 587 861, 846 4, 576, 646 3, 800, 529 3, 336, 863 3, 757, 640 2, 223, 936 6, 064, 027 5, 777,118 7, 901, 509 743, 400 2, 407, 200 1,115,100 1, 539, 900 1,221,300 1, 575, 300 265, 500 1,185, 900 1, 239, 000 1, 893, 900 938,100 920, 400 3, 557, 700 2, 938, 200 7, 557, 900 1, 347, 960 8, 031. 242 3,144,141 6, 457, 922 4, 460, 345 7, 010, 887 1,127, 346 5, 762, 546 .5, 039, .529 5, 230, 763 4, 695, 740 3,144, 336 9, 621, 727 8, 715, 318 15, 459, 409 New York New Jersey Pennsylvania Delaware Maryland ... Total Southern and Southw e s t e r n States. Outstanding and authorized circulation. $S, 4, 6, 59, 13, 17, 029, 024, 932, 523. 385, 994, Excess. Deficiency. 252 $3. 098, 234 .525 ' i; 676, 587 030 4, 034, 054 671 -40,284,482 840 10, 635, 793 648 10, 960, 896 110,' 489, 966 70, 690, 046 60, 976, 006 • 2, .589, 793 1, .327, 408 31,020,890 3, 462, .564 42, 05.5, 781 1.296,615 156, 342 9, 252, 847 1, 880, 396 124, 608,139 1; 530, 091 3, 902, 342 2,360.307 1, 819, 300 2, 319, 500 2, 365, 605 90, 000 1,541,133 5,876 3, 646. 870 • 930, 960 192, 495 7, 637, 900 3, 341, 736 • 6, 476,193 9, 416, 503 182,131 |4,128, 900 783, 834 4, 638, 622 2,140, 845 4, 645, 282 1, 037, 346 4, 221, 413 5, 033, 653 1, 583, 893 3, 764, 780 2, 951, 841 1, 983, 827 5; 373, 582 8,. 983, 216 51,271,034 60,150,411 29, 098, 800 .89,249,211 38,160, 308 12, 234, 726 7, 714, 871 11,659,230 5, 435, 357 4, 841, 403 5,481,081 2, 018, 445 1,672,754 564, 592 13,151,100 7, 469, 400 12, 496, 200 4, 230, 300 4,141, 800 4, 230, 300 1, 345, 200 1,115,100 407,100 25, 385, 826 15,184, 271 24,155, 430 9, 665, 657 8, 983, 203 9, 711, 381 3, 363, 645 2, 787, 854 971,692 23, 876, 370 14, 706, 415 17, 824, 209 7, 485, 043 3, 253, 316 5, 674, 385 3, 3130, 414 • 1, 825, 496 .809, 500 $1, .509, 456 477, 856 6, 331, 221 2.180, 614 5, 729, 887 4, 036, 996 33, 231 962, 358 162,192' 51,'622, 459 48, 586, 500 100,208,959* 78, 785,148 21, 423, 811 195, 052 417, 377 2, 571, 783 182, 993 398, 386 68, 852 94, 540 41, 855 421, 742 44, 334 65, 096 109, 964 177, 000 300, 900 3, 752, 400 123, 900 88, 500 35, 400 88, 500 35, 400 194, 700 17,700 35, 400 88, 500 372, 052 718, 2.'~7 6, 324,183 • 306,893 486,886 104, 252 183, 040 77, 255 616, 442 62, 034 100, 496 198, 464 11, 864 225, 000 360,188 493, 277 6 324,183 T o t a l Pacific states and Territories.. 4, 611, 974 4, 938, 300 9,^550,274 1, 924, 688 301, 062 7, 926, 648 G r a n d t o t a l of States and Territories.... 177, 000, 000 177, 000, 000 354, 000, 000 353, 968, 249 80, 589, 742 80, 621, 493 Oliio India.na Illinois Michigan 1 AA^iscousin Iowa Minnesota Kansas Nebraska Total W e s t e r n States Nevada Oregon California Coloiado TJtali Idaho Montana Wyoming N e w Mexico Arizona Dakota Washington .• :.. 538, 419, 90, 252, 72, 270, 995 829 000 000 000 000 182, 131 232,102 67, 057 14, 252 68, 960 • 5, 255 •346,442 62.034 55, 496 198, 464 45, 000 72 REPORT ON THE FINANCES. The following table exhibits the number of banks organized, the nuniber closed and closing, and the number in operation, with their capital, amountof bonds on deposit, and circulation issued, redeemed, and outstanding, in each Stateand Territory, on the 1st day of November, 1873: • Capital paid in. States aud Territories. Bonds on Circula- Girculat'n Uirculat'u deposit. tion issued, redeoned. outs land-. ing. 3g, Maine .' New Hampshire Vermont Massachusetts Bhode Island Counecticut '- 65 43 44 220 62 8.3 63 42 4! 217 62 321 63 213 11 34 276 110,654,691 69, 025, 450 98, 508, 160 37, .532, 154 60, 976, 006 62 13, 958, 350 12, 389, 650 14, 598, 87," 3, 571, 985 11,026,890 202 53, 510, 240 47, 446, 500 57,510,090 1,5, 454, 909 42, 055, 781 11 1, 523,185 1, 453, 200 1, 756, 515 4.59, 900 1, 296, 615 33 13, 640, 203 10, 391, 250 12, 828, 540 3, 575, 693 9, 252, 847 Total Eastern States.. New York New Jersey. Pennsylvania Delawai'o Maryland i. •. -. - 506 160, 291, 432124, 415, 000151, 861, 751 41, 371, 785110, 489, 966 Total Middle States. 193, 280, 669140, 706, 050185, 202, 780 60, 594, 641 124, 608,139 District of Columbia., Anrginiar :' West Virginia North Carolina South Carolina Georgia '. Alabama '... Mississippi Louisiana Texas Arkau.'ias Kentucky — ' . Tennessee Missouri.. 1 Total Southern and Southwestern States. Ohio .Indiana Illiuois Michigan .. AVisconsin . lovFa Minnesota . Kansas Nebraska .. Total AVestern States Nevada Oregon Colorado Utah Idaho Montana AA'^'yoming New Mexico . Dakota Washington . Total Pacific Statc^ and Teri^tories Grand total of States and Territories |9, 540, 000 $8, 880,'750110, 392,106 $2, 362, 854 18, 029j 252 5,185, 000 5, 163, 000 5, 967, 755 1, 343, 230 4, 624, .525 8, 335, 012 7, 736, 000 a, 909, 990 1,977,960 6, 932, 030 91, 342, 000 67, 346, 750 83, 956,110 24, 432, 439 59, 523. 671 20, 504, 800 14, 981, 700 18, 084, 800 4, 698, 961: 13,385,840 25, 384, 620 20, 306, 800 24, 550, 990 6, 556, 342 17, 994, 648 23fl 180 97 144 80 52 84 34 30 1, 652, 000 4,185, 000 2, .590, 000 2,100, 000 3, 170, 000 2, 78.5, 000 1, 569, 300 1, 670, 000 3, 926, 000 2, 571, 600 1, 820,100 2, 425, 000 2, .526, 400 1, 430, 000 5, 2.50, 000 995, 000 205, 000 8, 263, 700 3, 520, 481 9, 545, 300 4, 000, 000 840, 000 205, 000 7, 709, 850 3, 249, 750 6, 868, 350 764, 009 2, 294,100 807, 458 4, 329, 800 3,169, 200 808, 893 147, 300 1, 836,160 53, 080 2, 229, 580 373, 685 2, 649, 290 187, 767 1, 477, 800 60,124 66, 000 4, 345, 340 . 729, 470 251, .540 1, 007, 000 SO, 205 272, 700 8,178, 645 1,1.56, 745 573,504 3, 66.5, 510 8,126, 055 1, 908, 622 45, 836, 781 39, 242, 050 43, 647,180 163 29, 093, 000 26,127, 750 31,.572, 610 • 92 n,.611, 800 16, 277, 300 18, 949, 620 137 20, 843, 000 18,010,600 20, 849, 4.50 77 9, 763, 500 7, 963, 050 8, 892, 570 45 3, 680, 000 3, 434, 550 4, 305, 700 75 6,017.000 5, 909, 000 7,115, 695 32 4,173, 700 3, 509,250 3, 851, 290 26 1, 975, 000 1, 765. 000 1,740,19;" 10 905, 000 940; 000 886, 200 1, 530, 091 3, 522, 342 2, 360, 307 1, 688, 800 2,176, 500 2, 275, 605 1, 290, 033 5,876 3, 615, 870 755, 460 . 192, 495 7,-021,900 3, 092, 006 6, 217, 433 7, 902, 462 35, 744, 718 7, 948, 240 23, 624, 370 4, 413, 605 14, 536. 015 4,523,391 16, 326,'0.59 1, 675,187 7,217,383 1, 242, 881 3,122, 8*16 1, 751, 810 5, 363, 885 706, 376 3,144, 914 202, 699 1, 537, 496 94, 700 791; 500 662 94, 062, 000 S3, 936, 500 98, 223, 330 22, 558, 89-2 75, 664, 438 250, 000 625, 000 450, 000 100, 000 350, 000 125, 000 .300, 000 50, 000 .2, 250, 000 250, 000 560, 000 450, 000 • 100, 000 245, 000 60, 000 300, 000 .50, 000 131,700 2.50, 500 562,'720 554, 500 110, 600 262, 300 54, 00© 289, 800 45, 000 2, 261,120 • 119, 836 25, 500 ^ 86,725 134, 671 20, 600 . 10,300 19, SOC 417, 432 22.5, OUO 475, 995 419, 829 90, 000 . 252, 000 54, GOO 270, 000 45, 000 1, 843, 688 495, 720, 882390, 314, 600481,196,161 132, 845, 212348, 350, 949 GOLD B/VJS^KS. Massachusetts. Califoruia Total . 120, 000 2, 537, 5.00 2, 074, 600 120, 000 44, 600 2, 030', 000 3, 200, 000 2, 537, 500 2,194, 600 164, 600 2, 030, 000. COMPTROLLER OF THE CURRENCY. . 73 The act of July 12, 1870, authorized an additional issue of fifty-four millions of dollars, and provided that such notes should be issued to banking associations organized or to be organized in those States and Territories having less than their proportion under the apportionment contemplated by the act of March 3,1865, and that the bonds deposited with the Treasurer of the* United States to secure the additional circulation should be of any description of United States bouds bearing interest in coin. It also provided that a new apportionment of the increased circulation should be made as soon as practicable, based upon tbe census of 1870, and for the cancellation monthly of three per cent, certificates*' equal in amount to the national bank notes issued—-the last of these certificates haAdng been finally redeemed during the present year. Of this additional circulation, authorized by the act of Julj' 12,1870, there was issued to November 1,1871, $24,773,260; in the year ending jSTovember 1,1872, $16,220,210; in theyear ending November 1,1873, $7,357,479; leaving,' at the date of this report, still to be issued to banks already organized, and in process of organization, $5,649,051. The act of July 12, 1870, farther provides that when the fifty-four millions of additional circulation '^shall have been ;taken up," ^^the Comptroller ofthe Currency shall, as additional circulation may be required by the banks having less than their proportion, make a requisition for such an amount, commencing with the. banks having a circulation exceeding one million of dollars in States having an excessof circulation, and withdrawing their circulation in excess of one million of dollars, and then pivGeeding 2jro rata with other banks having a circulation exceeding three hundred thousand dollars in States having the largest excess of circulation, and reducing the circulation of such banks in States having the greatest proportion in excess, leaving undisturbed any States having a smaller proportion until those in greater excess shall have been reduced to the same grade, and continuing thus to make the reduction providedfor b}^ this act until the full amount of twenty-five millions provided for shall be withdraAvn ; and the circulation so withdrawn shall be distributed among the States and Territories ha\ing less than their proportion, so as to equalize the same." In accordance with the provisions of this section, it will be the duty of the Comptroller, as soon, as the necessary bonds shall haA^ebeen deposited to secure the small amount of additional circulation not already issued or '^ taken up," to prpceed to make requisitions upon banks organized in the States which have an excess. It will probably be the duty of the Comptroller during the next three months to make requisitioi:is as provided for by this act upo'n banks already organized ih States which are in excess, for an amount equal to the aggregate amount of circulation called for by the applications on file from the States which are deficient. These requisitions will be made upon the banks located in the following States and cities: Foar in the city of New York Thirty-seven in the city of Boston Twenty-one in the State of Massachusetts Seventeen in the city of Providence Fifteen in the State of Counecticut ." • -. •. .' 15,018*,000 13, 320, 000 '.. 2,659, 000 2, 818, 000 1,185, 000 • This will reduce to $1,000,000 the circulation, of all banks in the city of New York having an excess over thatamount, and the circulation of all banks in Massachusetts and Ehode Island to $300,000. If these banks >do' not return the amount of circulation within one year after the *The amount of three per cent, certificates outstanding on July 1, 1S70, was 145,545,000. 74 ^ REPORT ON THE FINANCES. requisition is made upon them, it is made the d'uty of the Comptroller of. the Currency to sell at public auction, upon twenty days' notice, the bonds deposited by such associations as security for said circulation equal in amount to the circulation tobe withdrawn, and not returned in compliance with the requisition. With the proceeds of the bonds tbe Comptroller is required to redeem the notes of these banking associations as they come into tbe Treasury. The notes of these banks are so scattered through the whole country that it will be impracticable for them to return their circulation withont an'expense not contemplated by the act; and It will, therefore, be for the interest .of the banks• to provide the-Comptroller of the Currency with the requisite amount of legal-tender notes with which to redeem their circulation as it comes into the Treasury. To this extent < the act may be executed; but the notes to be redeemed will not come to the Treasury for redemption to any considerable amount, and therefore but a small proportion of the twenty-five millions will be placed at the disposal of the Comptroller for redistribution to the banks of the South and West. The result will, therefore, be great embarrassment to the banks to whom the currency has already been issued, without providing any relief for organizations elsewhere, as contemplated by the act. The Comptroller, therefore, reiieats the recommendation contained in his previous report, that section six of the actof July 12,1870, be repealed, and that twentyfive millions additiona.! circulation be authorized to be issued and distributed among the States, as heretofore provided. The Comptroller also renews his recommendation that the law be so amended that national banks maybe organized without circuhition, upon the deposit of $10,000 of United States bonds with the Treasurer, instead of the deposit of one-third of the paid-up capital, as now required. He also recommends that banks already organized witliout circuiatiou may be authorized to withdraw the bonds now on deposit in excess of . $10,000, and that banks desiring to reduce their circulation may deposit legal-tender notes for that purpose and withdraw a proportionate amount of bonds. The following comparative table exhibits the amount of circulation issued under State laws previous to the establishment of the national banking system, and the amount authorized by Congress; the ratio of bank, circulation in each State in 1862, and' the amount now issued, in proportion to capital and wealth, and the per capita of circnlation in 1862, and the per capita of circulation authorized by Congress: 75 COMPTROLLER OP THE CURRENCY. Comparative tahle, exhihiting hy States the banlc circulation,*' the amount per capita, and tlie ratio of circulation to wealth and to capital, previous to the organization of the national hanking system and in 1873. B a n k circulation. Circulation per capita. S t a t e s ancl T e r r i t o r i e s . 1862. %6, 488, 4,192, .5, 621, 28, 957, 6, 413, 13, 842, Maine New Hampshire Vermont Massachusetts E h o d e Ishxud Connecticut 1873. t 478 034 851 630 404 758 18, 4, 6, 59, 13, 17, 029, 624, 932, 523, 385, 994, 252 $10 33 525 12 86 030 17 84 671 • 23 52 840 36 73 648 30 08 T o t a l E a s t e r n S t a t e s . . . 65, 516,1.55 110, 489, 966 N e w Yorlv New Jersey Pennsylvania Delaware Maryland 39,182, 819 8,172, 398 27, 689, 504 678, 340 6,649,030 60, 976, 006 11, 026, 890 42,055,781 1, 296, 615 9, 252, 847 T o t a l M i d d l e S t a t e s . . - . 82, 372, 091 124, 608,139 jDistrict of C o l u m h i a Virginia W e s t Virginia . . North Carolina S o u t h Carolina : 19, 817,148 5, 218, 598 6, 089, 036 8, 311, 728 116, 250 5, 055, 222 Florida Alabama Mississippi 8, 876, 519 Texas . Arkansas. Iventucky Tennessee Missouri . .... • 9, 035, 724 4, 540, 906 4,037,277 Total Southern and S o u t h w e s t e r n S t a t e s . 71, 098, 408 Ohio Indiana Illiuois Michigan Wisconsin Iowa Minnesota Kansais Nebraska ...:. :. Nevada '. Oregon . . California Colorado Utah Idaho Montana W^yomino* . . . . N e w Mexico •= A r i z o n a D a k o t a .• T o t a l Pacific S t a t e s a n d Territories 20-90 10 12 9 6 9 9 97 530, 091 12 4 1 ' 902, 342 360, 307 819, 300 " ' 5 ' 2 6 ' 8 65 319, 500 7 86 365, 605 83 90, 000 5 24 1, 541,133 5.876 3, 646, 870 " 1 2 54 930, 960 192, 495 • 7, 637, 900 '""7"82" 4 09 3, 341, 736 3 42 6, 476,193 38,160, 308 78,785,148 1873. 6 17 1862. 1873. 81 53 97 84 .59 48 Per ct 3.4 2.6 4.6 3.5 4.7 3.1 F e r ct. 2.3 1.8 . 2.9 •2.8 4.5 2.3, P e r ct. . 81. 3 85.3 143. 7 42.8 30.7 63.5 31 68 3.5 2.7 51.7 68.9 2.1 1.7 1.9 1.5 1.8. 0.9 1.1 1.1 1.3 1.4 36.0 99.8 106.-8 176. 2 54.9 54.*4 79.0 78.6 85.1 < 67.8 2.0 1:0 .53.1 64.0 $12 14 20 40 61 33 12 82 11 3 5 1 3 2 1 5 1 5 2 3 62 18 • " " 2 . " 5 " 34 i.4' 70 1.1 29 1.3 00 0.1 48 • 1.0 55 01 02 ' " " i . ' s 14 40 78 ""V.'z 66 0.9 76 0.8 2 91 3 87 8 96 5 02 • 8 75 36 7 02 17 6 32 2 ]2 3 08 ' 1 85 •4 75 1 15 7 57 03 5 01 6 58 2 49 H a t i o of circu-. l a t i o n t o capital. 1862. 10 13 91 12 17 16 11 94 53 . 10 37 04 11 85 68 1, 3, 2, 1, 2, 2, 9, 057, 837 23, 876, 370 6, 782, 890 14, 706, 415 619, 286 17, 824, 209 7; 485, 043 . 131,087 3, 253, 316 1, 643, 200 1, 249, 000 . 5,674,385 3, 330, 414 198, 494 1, 825, 496 2, 770 809,500 T o t a l W e s t e r n S t a t e s . . 19, 684, 564 1862. R a t i o of circulation to wealth. 7 09 1.1 0.7 1.3 0.1 0.0 0.6. 0.5 0.4 0.0 • 0.6 1873.+ F e r ct. 84.1 89 0 83.0 6,5.2 65.0 70.9 1.2 "120.'2' 1.0 1.3 0.7 '"•66." 3" 40.7 1.1 50.2 0.9 27.3 0.2 101.5 0.8 0.0 "si.'o 1.1 0.6 0.1 ........ 1.3 '"'6.5.'5' 127.4 0.7 35.9 0.5 88 6 83.1 90.] 80.4 68.7 81.5 0.0 82.2 0.0 68 8 75.1 90.0 84.4 86.9 64.9 • 66. 3 77.5 159. 6 1.1 150. 9 1.2 31.4 . 0.9 1.0 0.5 " ' 5 3 . ' 8 ' 156. 5 0.8 62.4 1.5 5.3 1.0 1.2 80.4 81 9 77. 4 73. 8 83.7 88.3 75. 0 77.8 87.5 125.4 79.7 0.8 1.0 0.4 0.0 90.0 52 84 50 24 90 94 2.6 2.6 1.4 1.7 1.0 0.9 76.2 90.0 90.0 63.0 43.2 90.0 45, 000 3 17 O.T 90.0 • 1,924,688 1 82 0.2 79.3 11, 864 '225, 000 28 2 47 538,995 419, 829 90, 000 2.52,000 72, 000 270, 000 G r a n d t o t a l of S t a t e s and Territories 238, 671, 210 353, 968, 249 13 4 6 12 7 2 7 59 9 18 1.5 1.2 58.9 69.9 * The circulation of the State banks in the year 1862 has been obtained from page 210 ofthe reportof tlie Secretary of the Treasury on the condition of the banks at the comraencem^ent of the year 1863. The returns from Delaware, Maryland, Louisiana, Tennessee, and Kentucky Avere not complete. The aggregate amount of State bank circulati6n reported at that time Avas much greater than at any xirevious period. t Outstanding and authorized circulation. J Outstanding circulation. 76 REPORT ON THE, FINANCES. . FREE BANKING. , The restraining law of the State of ISTew York (act of April 21, 1818) provided that '^ it shall not be lawful for any person, association of persons, or body-corporate, from and after the 1st day of August next, to keep any office of deposit for the purpose of discounting promissory notes, or for carrying on any kind of banking, business or operations which incorporated banks are authorized by law to carry on, or issue any bills or promissory notes, as private bankers, unless thereunto specially authorized by law." ; Jlhis law placed the whole banking interests of the country in the hands of a few chartered institutions, and was, in its effects, a grievous monopoly. Most of the States of the Union organize, by special act of legislature, trust companies, savings-banks, and other corporations. The Bank of England, and the private and joint-stock banks of England, organized prior to 1844, possess the right to issue circulation, and no such right has been granted to other organizations since that year. All such favored institutions are monopolies. But it cannot be said that the national banks of the United States are monopolies, in the same sense of the word. The organization of national banks has, from the beginning, been open to all, and until the amount of circulation authorizede> by Congress was exhausted, all applications for the organization of such institutions with circulation, accompanied by proper indorsements certifying to the means and character of the applicants, were considered and granted, and the aggregate of circulation for which applications are no^w on file in this Office, the consideration of which has been postponed, does not exceed ten millions of dollars. That the banks which were first organized were profitable to their shareholders is conceded; and it is a cause of congratulation that the surplus earnings of those years are husbanded in a surplus fund of more than one hundred and twenty millions of dollars, as a protection to depositors and creditors, in anticipa-* tion of times of panic and disaster. The statistics we present show that the earnings of the banks, of late years, have not been excessive, and in many cases much less than the earnings and dividends which the shareholders of manufacturing, "railroad, and other corporations realize from capital invested. If the national banking system, under which one or more national banks have been organized in .almost every city ahd thriving village in the Union, and where the earnings of business men and the savings of the people can.be deposited with a greater degree of safety than under any previous system, is iu any sense a monop)oly,.it is not the fault of the system, but an evil which arises from the existing state ofthe currency; and it is believed that the national banking system is in every sense less a monopoly than any national system of banking ever before devised. The system is considered a monoijoly because it is supposed that large profits are derived from the privilege of issuing circulating notes which are limited in amount. The act of March 12, 1870, authorized a n ' additional issue of fifty-four millions of dollars of national banknotes, but the whole amount has not yet been issued, chiefly for the reason that in the'States to .which the amount was assigned there is but little profit in the issue of such notes, as will be seen hereafter. But to the erroneous belief that a large profit accrues, from circulation to organizations, of this kind, the deinand for what is termed free banking may, to a large extent, be attributed. The restraining act of the State of ISTew York, as has been seen, prohibited individuals and associations from carrying on the business Qf banking wiA®ut first obtaining special COMPTROLLER OF THE CURRENCY. 77 charters from the legislature. This law was repealed about thirty years after its passage, not without encountering bitter opposition. In the year following the repeal, the general banking system of the State of ISTew York was authorized—a system based on the deposit of securities, with redemption at a fixed rate of discount, and it is probable that the term '*^free banking" originated chiefly from the fact that it superseded the monopoly which preceded it. The signification of the phrase " free banking," however, as.now used, is not clearly defined,for there is'nothing in =this country to-day more free than banking. Every individual or association of individuals throughout the country has the right to negotiate promissory notes, drafts, and bills of exchange, to receive deposits, to loan money upon personal or real estate security, and to transact almost every kind of business pertaining to legitimate banking. There is little doubt that the term " free banking" is, by many persons, understood to mean the unrestricted issue of bank-notes to any association of persons organizing a national bank and depositing the required amount of United States bonds as security; but there are few persons who have given any considerable attention to this subject who would be willing to advocate the unrestricted issue of national bank notes to an amount equal tb the public debt. It is probable that a more satisfactory definition of free banking would be, an issue of paper money which shall be promptly redeemed at the commercial center of the country. Such a currency may be divided into three classes—(1) an unsecured circulation, redeemable at par by the bank, or its agent in some designated city; (2) a secured circulation, redeemable at its own i30unter at par,, and at the commercial center at a fixed rate of discount; and (3) a circulation exchangeable at par for lawful money at its own counter, and by its agent appointed for that purpose. The currency of the ISTew England States previous to the war is a fair example of the first class. That system was generally known as the ^'Suffolk system," because the Suffolk Bank, at Boston, compelled the redemption of the notes of the New England Banks at its own counter at par. The'system, however, was not free, but a monopoly, as banks could, only be organized under special charters obtained from the legislatures of the six IsTew England States. This circulation was not 'required to be secured by any deposit pledged for that purpose, and the failure of banks in some of the isTew England States, which not infrequently happened, almost always resulted in great loss, not only to the creditor,l3ut to the bill-holder. The Suffolk Bank, at Boston, forced the redemption of the notes at par at its own counter, by a system of assorting and returning the notes to the place of issue, but the same notes were invariably at a discount of one-eighth per cent, in Kew York. The notes of these banks were therefore neither safe nor exchangeable at par in coin at the chief commercial center. The ISTew York State system of free banking is an example of the second class of currency, and the only system of free banking which has ever been successfully maintained ; and it is. probable that the more thoughtful advocates of what is termed free banking propose that circulation shalhbe issued and redeemed under the national-currency act upon a.similar plan. Taking for granted that the advocates of free banking base their arguments upon the success ofthe system, authorized in that State by the act of April 18, 1838, it may be well to.contrast the.condition of the currency and ofthe public debt at the time of the inauguration of that system, at the commencement of the war, and at the present time. 78 REPORT ON THE FINANCES. The currency of the State of New York first issued was secured by stocks of the different States, and by bonds and mortgages deposited by corporations; with the comptroller of the State. Subsequently, by various amendments, the law was so changed as to provide for the issue of circulation based entirely upon the bonds of the United States and of the State of New York, and that was the basis at the time of the breaking out of the war. The debt of the State of New York at the time of the inauguration of the system was $11,256,152, and the debt of the United States was $10,434,221, and all these bonds were above par in the market. In 1860, the funded debt of the State of New York was $34,140,238 and the funded debt of the. United States $44,794,092.^^ The laws authorizing the issue of circulating notes were more numerous than the States and- Territories of the Union, and the rates of discount in the New York market upon the bank-notes issued ahd in general circulation varied from one-eighth of one per cent, to one and one-half per cent, discount, while many bank-notes that had a local circulation were quoted at from 5 to 10 per cent, discount. The notes of the New York and New England banks, only,.circulated throughout the whole Union, like the national bank currency of to-day. . . The funded debt of the United States is to-day more than eighty times as great as were the combined debts of the United States and of the State of New York in 1838, and it is about twenty-one times greater than was. -their combined debt in 1860; The United States then issued coin, only, as currency. Now the national bank notes and the legaltender notes are about twenty times the amount of the circulation of the State of Nevy York at that time, and more than three and one-half times the amount of the circulation authoriized at that time by all of the States of the Union.t The amounts of the funded debt and of the currency are therefore entirely changed, and it is by no means evident that what was a good thing for theState of New York in 1860 is, in 1873, a good thing for the whole United States*. The New York State law authorized the issue of bank-notes to all associations organized under its provisions, at the face value of United States and New York State six per cent, bonds deposited, and to this feature of the law the Bank of England and the national-currency act are indebted for those excellent provisions which insure absolute security to the bill-holder. But this law did not authorize an unrestricted issue of bank-notes. I t required that the bank-notes issued to an association should be i^edeemed at its own counter, and by its agent in New York, Albany, or Troy, at a discount. Practically the notes were redeemed at the agency, and not at the counters of the bank. Eedemption was the cardinal principle of the law, and it was expected that this principle of redemption would prevent an issue of circulation which should exceed the requirements of business. EedemiDtion in the New York law meant discount. It was to be a redemption in specie, and was founded upon the avowed principle that specie was worth more, and was more desirable to hold,than the circulating notes authorized. But in order that there should be no mistake, the law itself provided that the discount upon the circulat-ing notes at the redemption agencies, should be one-fourth of one per cent. If a law had been passed by Congress at that time for the redemption of the gold coin in silver coin, or for the redemption of the silver coin in copper coin, such a taw * In addition to the funded debt proper tliere were |19,795,611 of Treasury notes outstanding, t Circulation in 1860 was $207,102,000. COMPTROLLER OF THE CURRENCY. 79 would have been a dead letter, (for the reason that gold coin is known to be of greater intrinsic value in the market than silver coin, and the silver of greater intrinsic'value than copper,) though each of these coins is a legal tender to an amount fixed by law. In order to have a proper system of redemption,it isnecessary that the thing to be redeemed shall be known to be worth less than the thing in which it is to be redeemed ; and this principle was legalized by the New York State legishiture, when it provided that the bank-note should be worth, in the city of New York, one-quarter of one per cent, less than the gold coinage of the United States. Tf forty millions of dollars, therefore, were issued,* its value at the moment of issue was $100,000 less than ' $40,000,000. If the circulation were redeemed three times a year, the^re would be $300,000 of loss on" one side, and $300,000 of g'ain on the other side. The gain was, as a general rule, divided between the banks which issued the money and the banks which redeemed the same, while the country merchant, the manufacturer and the jobber in the great cities, experienced the loss. But the circulation of the State of New York was known to be so much safer, and the discount so much .^ less, than the circulation of any other State of the Union, that the discpunt was hardly noticed, while the loss upou the notes of most of the other States of the Union was from four to six times as great. The result was, as might have been expected, that the notes were not fulfilling their function of a circulating medium, but were being sent forward, not for the purpose of obtaining specie, but to be exchanged one for the other at the clearing-house, in order to provide a fund in New York for the redemption of other notes, and also to provide exchange at a profit of fromi one-quarter to one and a quarter per cent. The amount of exchange thus gained by the bankers and brokers, and the amount of exchange lost by the people in these transactions, cannot be computed, but there is no doubt that it amounted, annuall3^, to millions of dollars. . ' The average amount of specie held by the New York State b^nks for ten years previous to the year 1860, was $17,565,006.10.t 1851 1852 :: 1853 1854 18'55 1856 1857 ....• ' : $8,978,918 :... 13,304,356 13,384,410 10,792,429 15,921,467 18,510,835 14,370,434 1858 1859 1860 • .....433,597,211 22,207,782 24,582,219 175,650,061 Yearly average . . . - - • . . . . : 17,565,006 Of this amount about one-eighth, say $2,200,000, was held by the country banksin their vaults, and the balance, seven-eighths, say $15,300,000, was held in New York City. If from this amount should be deducted the coin belonging to banks and persons residing outside of the State of New York, and the amount represented by checks payable in coin, it would be found that the amount of circulating notes issued in the State of New York was, on an average, for ten years at least, five times the amount of specie on deposit for the purpose of redeeming their notes. The amount of national bank notes now authorized to be issued is 1354,000,000, and of legal-tender notes, $356,000,000; so that the amount of legal-tender money, in which the national bank notes are now.redeem^>ble, is nearly identical with that of such notes, though slightly in excess. If the national banking law were.so amended as to require the redemp* The circulation of New York State was ||39,182;819. iSpjecie held hy the New Yorlc State hanlcs from 1851 to 1860. (Re^Dort of Superintendent of Banking Department of the State of New York, January 1, 1861, page 79.) 80 . REPORT ON THE FINANCES. tion of the national bank notes in the legal-tender notes at one-fourth of one per cent, discount, as in the New York State law, instead of at par, as provided in the national-currency act, and the national banks of the whole country would agree to such a provision of the law, the prompt redemption of the national bank notes would be insured ; but the redemption of this vast amount of circulating, notes, if redeemed . but once a year, would result in a loss to thepeopleof the United States of $900,000; if the notes were to be redeemed four times annually, $3,600,000; and if redeemed six times annually, $5,400,000. A system of redemption of this kind would also at once increase the rate of exchange from tho rate of one-tenth of one percent, now existing at most perio(Js of the year between the different cities of the Union, f o iTom one-half per cent, to one per cent., thus restoring, to a considerable degree, the condition of thee'xchangeat the time of the inaugaration of the national banking system, and causing an annual loss to the people of millions of dollars. Such a system would, however, undoubtedly result in the return of the notes of the national banks, at certain seasons of the year when they were not needed, to the vaults of the country banks, to be paid out when the demand for currency increased. .Such a system would also give, what is exceedingly desirable at the present time, elasticity to the currency. ' The profit upon the circulation of national banks organized in the Southern and Western States during the past year, did not much ex-' ceed one per cent, for the country banks, and was less than one^half per cent, in the redemption cities, as will be shown more fuly hereafter. Under such a condition of things, with so small a margin of profit to be derived from the issue of circulating notes, there would be little demand for circulation, and consequently but little danger in throwing the doors wide open-for the issue of circulating notes to any association properly organized that might desire such circulation; but with the reduction of the value of the bonds, and the approximation of the value of the bank-note to the value of specie, the profit would increase, and with the increase of profit the demand for the issue of additional banknotes would also increase; so that under sudh a system the issue of banknotes would have a continual tendency to lessen the value of the paper dollar, and prevent its approximation to the value of the gold dollar, and all ideas of specie payment might forever be abandoned. Ill order tb insure the prompt redemption of the national bank notes, the amount ..issued, must be so much increased that the notes will be, say, at one-eighth of one per cent, discount, and this would probably not be accomplished until an addition should b,e made to the present circulation, of one hundred millions of dollars. The same result would follow from the reduction of the volume of legal-tender notes simultaneously with the increase of the issues of the bank-notes; but Congress has so frequently refused to diminish the amount of legal-tender notes, that, in the opinion of the Comptroller, any general system of free banking, accompanied with redemption, must be postponed until the resumption of specie payment. ' The Comptroller, in order to avoid any misapprehension of his views upon this subject, desires to state that he is not an advocate of any permanent system of currency usually known as an irredeemable currenc^^ He belives, however, that the people of this country y^ill not, and ought not to, submit to the higher rates of exchange prevailing previous to the war, and that any amendment to the national-currency act which shall result in restoring such high rates of exchange will also result in the downfall of a systeni of banking which, it is believed, will yet be come the most satisfactory and complete of any ever established. COMPTROLLER OF THE CURRENCY. 81 During the past year, so far as his observation has extended, the national bank note has been rarely at any perceptible discount for legal- tender notes in the city of New York; and during the late panic no distinction was made by the people between legal-tender notes of the United States and national bank notes. Both were alike hoarded as being the most desirable of all things to hold, and it is probable that when specie payments shall be resumed,;the faith of the people will be. so well established in ^the safety of the currency of the banks that no such general sj^stem of redemption will be required as was necessary for the unsafe currency issued by the different States previous to the war. If the circulation should beconie redundant, as is sometimes the case .with the silver coinage, and the national bank notes be at a discount for legal-tender notes, it will be bnly necessary; fbr the surplus to be presented to the agencies in the City of New York, Vhei^e more than two-thirds of the circulation is now redeemable, in order to restore the equilibrium.; for it is to be hoped that previous to the return to specie payments some system will be adopted which will give abundant elasticity to tiie eurrency without increasing the expense and burden pf general reciempUbn, and without the loss resulting from the high rates of excbange wliip^ ^^Y^ .^Iways prevailed under previods systems. RESERYE, The advocates of a free-banking law are also advocates of the repeal of the chief restrictions of the national curreiic^^ act, and particularly of the provision which require^ the keeping of a certain amount of money as reserve against liabilities. They claim that the directors and managers of the banks, and not the legislature which enacts the law or the officer who executes it, are the best judges of the amount of money to be loaned, and the amount to be held on hand fbr the protection of their creditors; that the Government should be careful to protect the bill-holder from loss, but the depositor or other creditor may safe^ly be allowed to protect himself. They further maintain that such laws prevent the banks frpni extending accommodations to legitimate busi-^ ness interests, which, consequently, suffer on account of the lack of such accominodations. in some instances this may be true, but such laws are passed not so muiih for the benefi!t of those persons who conduct, their business on sound principles as for that.class or association of. persons which has but little experience in the method pf transacting a legitimate business. If the law be correct in principle, it will be found not to interfere with the rights of those persons who understand the true theory of business, but its tendency will be to prevent abuses on the part of those who would otherwise take risks which a prudent and careful mail would avoid. Any association of persons may organize a ba^nk under.the provisions of the national, currency act. .If private citizens wish to transact business in accordance with their own judgment, they can avail themselves ,of, the privilege by conducting a private business. If other citizens prefer to organize corporations under an act of Congress which imposes restrictions designed for.the public good, who.shall objectl The privilege is open to both, and each can decide without prejudice or bindraiice. A private banker solicits and obtains business on the strength of his. gopd name, and. it is well understood that the funds placed in his hands are to be used at his discretion, the depositors relying upon his , business sagacity arid judgment; butaf corporations desire to organize ;Upder, the.abuthority and seal of a great nation, care, should be exercised t h a t t h e authoiity obtained shaH — : 6F " • ' '•' 82 . REPORT ON . THE FINANCES. During the past few years great corporations have been organized by authority of law, with the advantages of immense subsidies, but almost wholly without restrictions, the law-making power having been led to believe that the corporations authorized would contribute as much to the public good as to their o.wn profit. But it has been found that overgrown corporations are conducted in defiance ofthe rights, of the shareholders, and with little regard to the comfort, wants, and profit of the people, but chiefly for the benefit of the few officers and directors; and the whole countrj^is now arOused to the mistaken legislation which has placed the highways of the nation under the control of a few men, with^ out reserving such salutary restrictions as should compel the common carrier to deliver the products of the land to the market for a fair remuneration; and it is the great economical problem of the day how to correct a monstrous evil, which would have been under complete control if the proper restrictions had at first been provided and enforced. The officers and directors of stock companies w^hich have a good' reputation are too apt to forget that they are but the servants of the shareholders, and that the poorest shareholder is entitled to information in reference to its affairs. The Bank of Amsterdam is said to have been bankrupt for fifty years prior to the announcement of its failure, yet it continued business for a half century upon the strength of the name and character it had built u p ; and many individuals and corporations are to-day supposed to be possessed of large wealth, whose affairs, if carefully scrutinized, would be found to exhibit the reverse. If banks are to be organized under the authoritj' of law, and intrusted W'ith the earnings of the people, it is right that legislators shall require them to loan the savings of the people upon real estate security of twice the value of the loan ; and if the'banks are organized for commercial purposes, it is right that they should be prohibited from loaning money upon real estate5'and be required to loan money chiefly to business men upon commercial paper ; and depositors have a right to expect that the contractAvhich the law provides between them and the bank shallbe enforced. If the law provides for a proper security Ibr circulation, and at the same time defines the kind of security in which deposits shall be invested, it is as important to know that the contract with the depositor will be fulfilled, as well as the contract with the bill-holder. It is the business of such corporations to receive the money of the people, and first of all to fulfill their legal obligations with their creditors, rather than to attempt to follow the vagaries and manipulations of the stock-board, or. assume to regulate the rate of interest on the street. While the law permits banking corporations to use a certain portion of the deposits of each creditor, and realize a profit therefrom, it provides also that they shall keep a certain other portion of such deposits on hand for the prompt payment of the creditor whenever it shall be demanded. The correctness of this principle of law is evident, but the difficulty is to ascertain the exact amount necessary to keep on hand. The reckless banker or director would loan it all, and frequently not to his neighbors for the .purpose of facilitating legitimate transactions, but to himself, for use in some enterprise which promises well, but results in ruin. The prudent banker invests carefully the savings of his neighbors, and studies their wants, holding an ample fund at his command for all emergencies. The law properly provides that all the assets of a bank, even including the furniture, shall first be applied to the payment of the creditors, the shareholflers having a right only to the balance which may remain after the payment of every cent of indebtedness. If the law is so careful to protect the interests of the depositors, it is also just that it should provide restrictions to that end, and devise methods of ascertaining COMPTROLLER OF THE CURRENCY. 8d frequently whether these restrictions are strictly observed. The amount of the capital of the shareholder may be sraall, and the amount of the capital furnished-by the depositor may be many times as great, so that the risk of the shareholder is by no means as great as that of the depositor. . . The capital and surplus of the London and Westminster Bank of England belonging to the shareholders is fifteen millions of dollars, while the average .capital, in the shape bf deposits contributed by its creditors, is one hundred and twenty millions of dollars. Three national banks in the city of New York, with a capital and surplus belonging to the shareholders of ten millions of dollars, had, previous to the late crisis, deposits contributed by their creditors equal to fifty millions of dollars; and a late report from a savings bank in this country, on file in this Office, exhibits a capital belonging, to shareholders of but $25,000, while the capital contributed by the depositors was $1,000,000. The capital contributed by the depositors in the first instance, that of the English bank, was eight times that contributed by the shareholders; in the second instance, that of the three New York banks, five times, and in the case of the savings bank forty times. The necessity of restrictions to govern corporations holding such large proportionabte amounts of credits could not be better illustrated. The banks of England, of Scotland, and of other countries of Europe, are managed by men who have had long experience in that branch of business, and their experience is handed down from generation to generation to their successors, and the organization of a corporation to conduct the business of banking by men untried in that particular profession or calling would be looked upon with disfavor, and meet with no success. But in this country, under the provisions of the act, any association of persons may organize a bank; and it is no uncommon occurrence for api)lications to be received for that purpose from persons who have had little or no experience in banking, but who desire to organize under the national currency, act, because it is believed that an organization under that act will give to the shareholders a character and credit which they could not obtain if they should attempt to conduct a private banking business. It is said that the .restriction in reference to reserve should be removed from circulation, for the reason that the circulation is already safe beyond a peradventure. This is undoubtedly true, for the security of the circulation rests not alone upon the bonds which are deposited, but also upon the total assets of the bank, the personal liability of the shareholders, and, finally, upon the guarantee of the G-overnment that in any event the face value of the note shall be paid. The absolute certainty of the 'full payment of the notes is therefore assured. But the question is not whether a reserve shall be held which shall insure the payment., merely, ofthe note, for that is unnecessary, but what, amount of reserve shall" be held by the banks to insure tho, prompt payment of all their liabilities'? The percentage of reserve could be fixed relatively to the capital if the amount of the liabilities were in all cases proportionate to the amount of capital, which, as is well known, is not the case. The question is not what percentage should be held upon capital, upon deposits, or upon circulation, but what amount of reserve should bC'held to protect the demand:liabilities of the bank; and the experience of years can alone determine that proportion. A recent writer* on .English banking, who has been extensively quoted in this country, has stated that the provision of the national cur^''Lombard Street," by Walter Bagehot. . ~~ °. 84 REPORT ON T H E FiNA:tTCES. rency act requiring a fixed proportion of reserve to liabilities is not the proper standard for a bank reserve, for the reason, that a fixed proportion ^'wdll sometimes err by excess, and sometimes by defect," ahd that ^' the near approach to the legal limit of. reserve would be a sure incentive to panic," He says that " t h e very essence and principle in the American system is faulty;" but in the final summing up of his argument in reference to the reserve whi.ch the Bank of England should hold, he gives it as his opinion that the bank " ought never to keep less than £11,000,000, or £11,500,000, of reserve on hand, and that in order not to be below £11,500,000, the bank must begin to take precautions when the reserve is between £14,000,000 and £15,000,000, fbr experience shows that between £2,000,000 and £3,000,000 may probably enough be withdrawn from the bank's store before the right rate of interest is found which will attract money from abroad, and before that rate has had time to attract it." Again he says, '' I should say that at the present time the mind ofthe monetary world would become feverish and fearful if the reserve of the banking department of England went below £10,000,000." This proportion is equal to more than one-third of the average liabilities of the Bank of England, and is more than eight per cent, in excess of the amount required by the national currency act. ' When this distinguished economist asserts that the Bank of Englahd "ought never to keep less than £11,000,000 " on hand, and that " t h e monetary w^orld would become feverish and fearful if the reserve in the bank department of the Bank of England went below £10,000,000," and at the same time that the rule of reserve required by the national currency act " will sometimes err by excess and sometimes by defect," the mind of the searcher after the truth in reference to the principles w^hich should govern legislation upon'this subject is bewildered, and will look in vairi for light to the abstruse legislation and management of the Bank of England, and to the dark statistics which emanate semi-annually from the parlors of the London joint-stock banks. The requirement that the reserve shall be proportional to the liabilities is based on the conviction that the amount of the reserve should be dependent on, or have some definite> relation to, the varying amount of the liabilities; and the opposite view, tb wit, that the reserve shou'ld have no such relation, but should be a fixed quantity, entirely independent of and' undisturbed by changes in the amount of liabilities, appears to be in conflict with sound principles, and is at variance with the practice, when un trammeled, of the leabding and safer banking institutions both of this coiintry and of Europe.* * Banlc of England depdsits and reserve, compiled from the London Economist. Date. . J u l y 30 • August 6 .August 13.... A u g u s t 20 •.Augusts?.... September 3 . S e p t e m b e r 10 • Sexitember 17 S e p t e m b e r 24 October 1 October 8 . .•.. October 15 . . . October 22 . . . - O c t o b e r 29'-.•. November 6.. Deposits. £ 403, 675, 989, 622, 691, 591, 030, 416, 456, 040, •584, 747, 981, •530, 357, Banking reserve. B a t e of P e r c e n t , of discount. reserve. P e r cent. £ 12, 423, 352 '3k 11, 996, 907 12, 713, 623 13, 287; 645 13,318,865 12, 760, 233 13,177,780 13,346,843 13, 2'38, 507 9,954,181 9,115,152 7,861,036' 8,109,-529 8,4.55, 447 '8,071,288 :50.9 :50.6 .52.9 .53.9 . 51. 8 .46.2 . 46. 9 .45.3 .44.9 .34.2 .33.0 .31.7 . 35. 2 .37.5 .36.1 85 COMPTROLLER OF THE CURRENCY. But it is claimed that the Bank of England is required to hold this large amount of reserve because it holds in its vaults the reserve, not only for its own dealers, but also of the joint-stock banks of England, whose combined deposits are three times as great as all the deposits of the Bank of England; and that, therefore, the Bank of England must at all times be ready, not only to pay the demands of its creditors, but also to extend loans to the other institutions in times of panic. The jointstock banks of England are not, however, entirely deficient in reserve, for it is found upon reference to the statistics of the London and Westminster Bank for 1867, published by the same author, that this bank, with a capital of £2,000,000 and a surplus of £1,000,000, had at that time deposits of £13,889,021; cash on hand, £2,226,441, and government securities amounting to £3,572,797. This bank, which is the largest joint-stockbank in England, and second only to the Bank/of England itself, held therefore at that time six per cent, of its liabilities in cash, a.nd more than 25 per cent, in addition in available resources, while many other of the leading joint-stock banks of England continually hold in available resources a still greater amount, as may be seen from the following table: Tahle of reserve, cfc, of th'e ten principal joint-stoclc hanlcs of London, on June 30, 1873, • compiled from- the London Economist of OctoherA8,lS73, {supplement.) P r o p o r t i o n of r e s e r v e . to liabilities. Reserve. fe Capital and surplus.. Banks. C a s h deposits.. • {25 Cash. Stock, investments.. Total. \ P e r ct._ 1 London and W e s t m i n s t e r £ 3 , 000; 000 £28, 383, 425 a£3,796,639 6 £ 3 , 298,.851 £7,095,490 2 London J o i n t 1,673,849 *17, 404, 319' a2,218, 816 cl, 080, 000 3, 298, 816 Stock 3 TJnion 1, 500, 000 13, 371; 046 d5,135, 994 ' 62,278,825 7,414,819 4 City 750, 000 / 621, 462 951, 989 cr330, 527 3. 050, 486 740,000 5 Ipap erial 560,695 . / 4 7 1 , 949 /i88, 746 2,235, 587 940, 000 . i, 821, 583 6. Alliance.. 723,184 / 665, 028 158,156 876,125 7 Consolidated . / 8 5 4 , 029 2, 988, 705 j 208, 402 1, 062, 431 109, 000 159,165 669, 018 /159,165 e9 CL oe un dt roanl a n d 172,680 . SoutbLweet'rn 729, 479 A; 179, 219 A;179,219 10 L o n d o n a n d 1, 800, 000 17, 821, 279 25,195,143 m l , 647, 498 6, 842, 641 County Total....... J u n e 30, Deo. 31, J u r i e 30, 1873. 1872. 1872. 11, 561, 654 88, 474, 927 :. 19,297,444 : a 6 c d 8,991,005 28, 288, 449 Perot. 24". 99 n26. 48 P e r ct.^ n25.31 18.95 55.'45 31.54 25.- 08 39.70 35.54 23. 79 18.'22 50. 93 30. 24.68 36.24 32.20 42.77 15.45 54.02 31 96 25.06 33.43 34.50 38. 30 24. 57 23.75 22 12 38.96 37. 80 4L36 31.97 . 32.55 3L40 Casb in hand and at the Bank of England. Government stock and exchequer bills. Consols, new 3 per cents., and reduced at 90. Embraces £1,173, 516 cash in the. hank, £.971, 292 cash in Bank of England, aud £2, 991,185 cash lent at call. . e • Government stock, exchequer hills, debentures, &c. f Cash in hand at Bank of England, and at call. . „ g Exchequer bills. East India debentures, and government securities. h Consols, Iridia debentures, and city bonds. i Investtnents in consols, &c. 7-New. 3 per cents., and other government stocks. A; Cash in hand and at call. > ^ I Cash on hand at head office and branches, and with Bank of England; cash at^call and at notice, covered hy securities, m Government and gaaranteed stocks. From the London Economist of March 15,1873, page 83. 86 REPORT ON T H E FINANCES. I t is well known that the funds of the English government are the most readily convertible of any in the markets of the world, and that . while English consols* can at all times be purchased at a moderate discount, (92,) they can also at all times be converted into a coin at a ^mailer loss than any other securities upon the market. The jointstock banks of England, therefore, have a final resource in which.their reserves can be invested with the certainty of conversion at any moment. The Bank of England thus holds continually a reserve of about one-third of the amount of its average liabilities, while the joint-stock banks of England continually hold in available reserve, a still greater proportionate amount in cash and government securities; and it is no answer to the proposition under discussion to say that the conversion of the consols held by the English joint-stock banks into coin would have the effect at once to reduce the reserves of the Bank of England, •for the money-market of London is, as we have been taught to believe, the money-market of the world, to which is attracted the capital of all. nations by the simple process of raising the rate of interest. The national currency act requires that the country banks shall hold 6 per cent., the redemption cities 12J per cent., and the New York City • banks 25 per cent, of their liabilities in cash, making an aggregate of. cash reserve of from 13 to 15 per cent. The remainder of the reserve required to be held by the cpuntry banks may be on deposit with the banks in the redemption cities, while that of the redemption cities may be on deposit in the city of New York. These large accumulations in the redemption.cities, and in the banks of the city of .New York, are to a large extent invested in call loans, ^le banks in the redemption cities and in the city of New York having no resource like the joint-stock banks of England in which to place. their surplus of reserves, which can be readily converted in the markets of the world into coin, if occasion shall require; and it can hardly be doubted that if the surplus means of the country banks, which were invested in call-loans by their city correspondents, had been invested in funds convertible into cash upon demand, the disastrous results of the late panic would have been largely avoided. The crisis was caused in a great degree by the desire of the country banks to withdraw their balances from the city banks; first, because in the month of September the amount on deposit with the city banks was needed for the legitiniate purposes of trade; and secondly, because the country banks, foreseeing and fearing the return of the experience of previous years, thought it s a f e to withdraw their balances at once. When the reserves of the New York City banks, becaine alarmingly reduced by the drafts of their country correspondents, the only resource left to the city banks was to convert their call-loans, amounting to some $60,000,000; but these, if paid at all, were paid in checks upon the associated banks, and the latter found, the next morning, at the clearing-house, that, altjiough a portion of their liabilities had been reduced by the payment, of calMoans, they were in the aggregate no richer in currency than on the previous day. Suspension followed; but if the surplus o f t h e country banks had been to a considerable extent invested in Grovernment certificates, the drafts upon the city banks would have been proportionately less; and if the surplus fund of the city banks had likewise been held in such certificates, the avails of such certificates would have * Since the year 1850 the Enghsh consols (three per ceuts,; have ranged in price from 99-|- (in 1851) to 87<i (in 1866.) The average price has, however, cluring that period been above 92; a rate which indicates the borrowing x>ower of the goverument to be about 3J per cent, per annum, OOMPTROLLER OF THE CURRENCY. 87 been quietly withdrawn from the Treasury, and the banks would have found themselves possessed of ready means with which to supply the demands of their dealers. I t is said that the issue of such certificates would facilitate the withdrawal of legal-tender notes for speculative purposes, but the assistant treasurer in New York could hardly fail to be advised of the deposit of large amounts of money with himself for illegitimate purposes, and a provision of law similar to the one already in force, forfeiting the aniount of money on deposit, and directing the prosecution of such offenders, would effectually prevent such transactions. , The issue of a Government certificate for the use of all the banks of the country, to be counted as a certain portion of their reserve, was recommended as follows in my last annual report: The reserves of the nineteen hundred national banks located elsewhere than in the city of New York are held to a great extent in that city. For most of the time during . the i)ast year an amount equal to more than one-fifth of the capit^al of all these national banks has been held on deposit by the national banks of the city of New York to the credit of their correspondents. I n many cases thiese credits amount to twice lhe capital of the bank with wliich they are deposited ; in other cases the amount of deposits is three, four, and- even five times the capital, which amount has been attracted thither largely by the payment of interest on deposits. The failure of one of these New York City banks in a time of monetary stringency would embarrass, if not ruin, many banks in the redemption cities, and, in turn, the country correspondents of these banks would suffer from the imprudence of the New York bank, which would be responsible for wide-spread disaster. * • * ^ * In times of excessive stringency loans are not made by such associations to business men upon commercial paper, but to dealers in speculative securities, upon short time, at high rates of interest; and an increase of call-loans beyond, the proper limit is more likely to afford facilities for unwarrantable stock speculations than relief to legitimate business transactions. * * • * ^f * The variations in t h e liabilities requiring reserve in the banks of the city of New York are very great. The banks outside of New York, during the dull season, send their surplus means to that city for deposit upon interest, to await the revival of busi-" ness. The banks in the city of New York, at such periods of the year, have no legitimate outlet for these funds, and are, therefore, threatened with loss. The stock board takes advantage of this condition of affairs, speculation is stimulated by the cheapness of money, and a market is found for the idle funds upon doubtful collaterals, and the result is seen in the increased transactions at the clearing-house, which, duriug t h e past year, exceeded thirty-two thousand millions of dollars, or an average of more than one hundred millions of dollars daily—not one-half of which was the result of legitimate business; tbe total amount of transactions being greater than that of the bankers' clearing-house of the city of Loudon. The evil arises largely from the psiyment by the banks of interest on deposits, an old-established custom which cannot easily be changed by direct legislation. A considerable portion of these deposits would remain at home if they-could be used at a low rate of interest, and made available at any time upon the return of the season of active business. No sure investment of this kind is, however, open to. the country banks, and the universal custom is to send forward the useless dollars, from vaults comparatively insecure, to their correspondents in the city, where they are suj^.posed to be safer, and at the same time earning dividends for shareholders. A Government issue, hearing a low rate of interest, to he counted as a certain proportion of the reserve, and an increase of .the amount ivhich the 'country^ hanlcs are required to keep) on hand, is thepropei' remedy for such a state of things. Snch aninvestmentneed not result in inflation, for the currency invested would he in the possession ofthe Gov&t^nment. If the currency is held, the ohjection is the loss of interest to the Government; hut this loss ivould he no more than a just rehate up)on the six millions of dollars of taxation annuaUy paid hy the hanlcs to the Government, at a time when almost every Icind of internal taxation has heen' discontinued. Such a reduction of taxation should not be grudgingly made, if the result shall be to give elasticity to the currency, to strengthen and steady the money market, to give additional security to seven hundred millions of dollars belonging to depositors by retaining in the vaults of the banks a large amount- of funds for legitimate business purposes, which w^ould otherwise be thrown upon the stock board to ensettle values throughout the country, and alternately increase and depress the price of every commodity. The recommendation for the issue of these certificates, to be counted as a certain portion of the reserve, is renewed. 88 REPORT ON THE FINANCES. The same certificates could also be issued to alarge extieiit as a safe investment for laboring men and others desiring such an investment for earnings. If such certificates were issued in amounts of $50 they would at once be recognized as the safest possible temporary investment, and the Government would soon ascertain by experience what proportions of such certificates could be safely invested in the 6 per cent, bonds of the United States, thus saving the interest upon the funds in which the earnings of the laboring man were invested, and conferring a permanent benefit upon its humblest citizens. The returns made to the clearing-house association of the weekly average of reserve of the national banks for each week since the first, of January last, show that the provision referred to has been generally observed, and the exceptions to the rule have not been among banks of old established reputation, whose experience is entitled to great weight, but among banks more recently organized, which have been ambitious to obtain business and are willing to assume risks for that purpose.'* The rule requiring a reserve was adopted by the voluntary action of the clearing-house association of the city of New York,.previous to the passage of the national currency act. At a meeting of bank officers, representing forty-two of the forty-six banks of the city of New York, held at the rooms of the clearing-house association in March, 1858, it was agreed ' ^ o keep on hand at all times an amount of coin equivalent to notlessthan 20 per cent, of our net deposits of every kind, which shall be made to include certified checks and other liabilities, except circulating notes, deducting the daily exchanges received from the clearinghouse.'^ This resolution was adopted five years previous to the passage of tiie national currency act, and its phraseology is not unlike the provisions of that act in reference to reserves to be held by the national banks of New York City. The resolution did not provide for a reserve on circulation, for the reason that the circulation of the city banks was at that time redeemable at par in coin; so that no action was necessary in * Statement of the weeldy avei^age percentage of reserve held hy the New' York City hanks, as reported to the clearing-house. Week e n ding— 1873. Jan. 4 11 18 25 Peh. 1 8 15 21 Mar. 1 8 15 22 29 Apr. 5 12 19 26 May 3 ".10 A v e r a g e per- A v e r a g e perA v e r a g e perr c e n t a g e of c e n t a g e ol n a t i o n a l centage oi S t a t e b a n k s . all. hanks. 26. 32 27.25 27. 60 27.46 26.56 26. 35 24.93 24.78 • 25.57 25. 56 '25. 53 25.50 25.34 23. 83 24. 42 25. 02 25.17 26.51 27.32 18.21 19. 98 19.31 19. 00 17. 59 16.99 17. 90 16.88 16.97 17. 61 16.63 17.26 16. 95 15. 97 17.38 17. 69 18.93 19.03 19.54 Week ending— 1873. 25. 61 •May 17 26.61 24 26.85 • 31 26. 71 June 7 25.77 14 25. 54 21 24. 32 .28 24.10 ' • J u l y 5 24.84 12 24.89 19 . 24.78 26 24.80 Aug. 2 24. 62 • 9 23.16 16 23. 82 23 24.39 30 24. 65 Sept. 6 25.87 •13 26. 67 20 A v e r a g e per- A v e r a g e perA v e r a g e perc e n t a g e of c e n t a g e of c e n t a g e of national aU. ^ S t a t e b a n k s . banks. 27. 53 27.03 27.61 29.70 30.28 30.34 30. 97 31.78 31.42 30.87 30. 95 30.59 30.18 30.39 28. 28 27.94 25.67 24. 44. 23.55 19.57 20.00 18.50 21.34 -20.87 20:80 21. 25 19.09 20. 91 • 21.10 21. 54 19. 83 21.42 20.24 18.52 18.84 17.62 18,35 17.95 ^ 26.85 26. 43 26. 82 29. 00 29.50 29. 51 30.14 . 30.72 30.58 30. 04 30.12 29. 67 29. 42 29. 48 27. 43 27.15 .24. 95 23.89 23. 03 From the weekly average percentage of the State banks is excluded the weekly average percentage of the Bank of Ainierica and the Manhattan ComiDany, the former of which was invariably and the latter usually in excess of 25 per cent. COMPTROLLER OF THE CURRENCY. 89' respect to the reserve to be held upon circulating notes. From that time to the passage of the national currency act the resolution was generally observed, and since the passage of the act neither; the New York clearing-house association nor the clearing-house association of any city has requested the repeal of such restrictions. Oil the contrary, the New York association has repeatedly refused to modify the rule by agreeing that national bank notes, which by the law can be used in payment^ of debts to each other, may be so employed. . The national currency act requires that the national banks " shall at all times have on hand'' the reserve required in lawful money, and the advocates of a repeal of the reserve laws insist that, under this provision, the national banks are absolutely prohibited from using these reserves a t any time. The provision requiring that a reserve shall be kept on hand at all times, was intended to protect the depossitor, and to keep the bank in funds for the purpose of responding at all times to the demands of its creditors. This is evident from the fact that the bank is required, when its reserves become deficient, to cease discounting and making dividends until the amount of the reserve shall be restored. The word ^'reserve" is used, as havS been suggested, in the same sense as it is used in an army, and " t h e fact that a military commander cannot be definitely instructed when he may eniploy his reserve force, is not regarded as a reason why that important portion of the army organization should, be abandoned, or be reduced in number or efficiency.'' To claim that a bank cannot redeem its own notes upon presentation, and cannot pay the checks of its depositors on demand if the payment of such debts shall intrench upon its reserves, is equivalent to declaring that the national currency act was intended to provide for the destruction of the very institutions it had created. . From the first organization of the system to the present time, the uniform decisions have been that the object of the reserve is to enable the bank at all times to pay its debts. In times of panic the depositors of a bank, and.not its officers and directors, are its masters; and it is absurd to maintain that a bank, liable at such times to be called upon to pay its debts, would, if there were no reserve laws, loan upon commercial paper, at the risk of almost certain failure and disgrace, the money which belongs to its creditors. While the Comptroller concedes that experience may hereafter justify a modification of the provisions of the act in this respect, he is clearly of the opinion, in view of the lessons to be derived from the late suspension of currency payment in New York, that he would not be warranted in recommending any change at present, except the offer of inducements, as already stated, to the banks of the country to hold a larger proportion of their reserve in their own vaults, in certificates which can b'e readily converted into cash when the funds bf the depositor are demanded. If the certificates should, however, be issued as proposed, the reserve of the country banks and the reserve of banks in the redemption cities (other than New York) may with propriety be reduced, the amount required to be kept on hand being largely increased; while the banks in the city of New York should still be required to keep on hand 25,per cent., (one-half in certificates, if desired,) subject to a reduction at any time by the Comptroller, with the concurrence of the Secretary, upon the recommendation of the clearing-house. Uppn the return to specie payments and the funding of theUnited States debt into bonds bearing a l o ^ rate of interest, the reserve now required may be very much reduced and perhaps altogether dispensed with. A table in the appendix, which has been compiled from the regular 90 REPORT ON T H E FINANCES. reports to this office, exhibits the percentage of reserve held.by the national banks of the country for the past five years, and shows that in every State, and in the principal cities of the Union, they have been found, in almost every instance, to hold in the aggregate an' amount of reserve considerably beyond the requirements of the law. THE PANIC OF 1 8 7 3 . The monetary crisis of 1873 may be said to have had its beginning in New York City on September 8, by the failure of the Warehouse Security Company, and of two houses which had left their regular business to embark in enterprises foreign thereto, which were followed on the 13th by the failure of a large firm of stock-brokers. On the 18th and 19th two of the largest banking-houses in the city, well known throughout the country, and which were interested in the negotiations of large amounts of railroad securities, also failed; and on the 20th of the same month the failures of the tJnion Trust Company, the National Trust Company, the National Eank of the Commonwealth, and. three other well-known banking-houses were announced. On the same day the New York Stock Exchange, for the first time in its existence, closed its doors, and they were not again opened for a period of ten days, during which period legal-tender notes commanded a premium over certified checks of from one-fourth of one per cent, to three per cent. An active demand for deposits commenced on the 18th, and increased rapidly during the 19th and 20th, chiefly from the country correspondents of the banks; and their drafts continued to such an extent, "calling back their deposits in a medium never before received," that the reserves of the banks were alarmingly reduced. The " call loans," amounting to more than sixty millions of dollars, upon which the banks relied to place themselves in funds in such an emergency, were entirely unavailable, because the means of the borrowers, upon the realization of which they depended to repay their loans were, to a great extent, pledged with the banks. These collaterals could in ordinary times have been sold, but at that moment no market could be found except at ruinous sacrifices'. Had there been a market, the payments would have been made in checks upon the associated banks, which would not have added to the general supply of cash. A meeting of the clearing-house association was called, and on Saturday evening, September 20, the following plan for facilitating the settlement of balances at the clearing-house was unanimously adopted : In order to enable the banks of this association to-afford such additional assistance to the business community, and also for the purpese of facilitating the settlement of the exchanges bel^ween the banks, it is proposed that any bank in the clearing-house association, maj^, at its option, deposit with a committee of five persons, to be appointed for that purpose, an amount of its bills receivable, or other securities to be approved by said committee, who shall be authorized to issue therefor to said depositing bank certificates of deposit, bearing interest at seven per cent, per annuni, in de-^ nominations of five and ten thousand dollars, such as may be desired, to an amou.nt not in excess of seventy-five por cent, of the securities or bills receivable so deposited. Exeept when the securities deposited shall consist of either United States stocks or gold certificates, the certificates of deposit may be issued upon the i)ar value of such securities. These certificates may be used in settlement of balances at the clearing-house for a period not to extend beyond the first of November proximo, and they shall be received by creditor banks during that period daily, in the same proportion as they bear to the aggregate amount of the debtor balances paid at the clearing-house. ^ The interest Avhich may accrue upon these certificates shall, on the 1st day of No-" COMPTROLLER OF THE CURRENCY. 91 . vember next, or sooner, should the certificates all be redeemed, be apportioned among the banks which shall have held them during that time. The securities deposited with the committee, as above named, shall be held by them as, a special deposit, pledged for the redemption of the certificates issued thereon. The committee shall be authorized to exchange any portion of said securities for an equal amouut of others, to be approved by them, at the request of the depositing bank, and shall have power to demand additional security, either by an exchange or an increased amount, at their discretion. The ainount of certificates which this committee may issue as above shall not exceed ten million dollars. ' ,. This arrangement shall be binding upon the clearing-house association when assented to by three-fourths of its members. The banks shall report to the manager of the clearing-house every morning at 10 . o'clock the amount of such certificates held by them. That, ;u order to accomplish the purposes set forth in this arrangement, the legal tenders belonging to the associated banks shall be considered and treated as a common fund, held for mutual aid and protection, and the committee appointed shaU have power to equalize the same by assessment, or otherwise, at their discretion. For this purpose a statement shall be made to the committee of the condition of each bank on the morning of. every day, before the commencement of business, which shall be sent with- the exchanges to the manager of the clearing-house, specifying the foi- • lowing items: 1st. Amount of loans and discounts. , ' ' 2d. Amount of loan certificates. 3d. Amount of United States certificates of deposit and legal-tender nptes. 4th. Amount of deposits, deducting therefrom the amouut of special gold deposits. The suspension of currency payments followed and was at first confined to the banks ot New York City, but afterward extended to other large cities because the New York banks could not respond to the demands of their correspondents in those cities, and these, in turn, could not respond to the demands of their correspondents. Exchange on New York,. which would otherwise have commanded a slight premium, was at a discount, and to a considerable extent unavailable. The suspension of the banks in other leading cities, almost without exception, therefore followed, and their partial or entire suspension continued for forty days, until confidence was in a measure restored by the resumption of the New York City banks on the first day of November. . Although predictions had been made of the approach of a financial crisis, there were no apprehensions of its immediate occurrence. On the contrary there were in almost every direction evidences of prosperity. The harvest was nearly or quite completed, and the bins and granaries were full to overflowing. The manufacturing and mining interests had also been prosperous during the year, and there was good promise that the fall trade, which had opened, would be as large as during previous years. The value of the cereals, potatoes, tobacco, and hay for 1872, is estimated by the Department of Agriculture at $1,324,385,000. It is supposed that the value of these products for the present year, a large portion of which was at this time ready for sale and awaiting shipment to "market, will not vary materially from the above-mentioned estimate of last year. An estimate based upon the census returns of 1869 gives the probable aggregate value of the marketable products of industry for that year as $4,030,000,000, and a similar estimate upon the same basis, and upon returns to the Agricultural Department, gives an increase of $1,788,000,000 for 1873 over the amount for 1868. It is not the province of the Comptroller to explain the causes which led to this suspension. In order to enter upon such an explanation it would be necessary to obtain comparative data for a series of years in reference to the imports ahd exports, the products of industry, the issue of currency and other evidences* of debt, and, in fact, a general discussion of the political economy of the country. The immediate 92 ; REPORT ON THE FINANCES. cause of the crisis is, however, more apparent. The money market had become overloaded with debt, the cost of railroad construction for five . years past being estimated to have been $1,700,000,000, or about $340,000,000 annually; while debt based upon almost every species of property—State, city, town, manufacturing corporations, and mining companies—had been sold i n t h e market. Such bonds and stocks had been disposed of to a considerable extent in foreign markets, and so long as thjs continued the sale of similar securities was stimulated,. and additional amounts offered. When the sale of such securities could no longer be effected abroad, the bonds of railroads and other enterprises of like nature which were in process of construction were thus forced upon the home market, until their negotiation became almost impossible. The bankers of the city of New Yorkj who were burdened with the load, could not respond to the demands of their creditors, the numerous holders of similar securities became alarmed, and the panic soon extended throughout the country. • The present financial crisis may, in a great degree, be attributed to the intimate relations of the banks of the city of New York with the transactions of the stock-board, more than one-fourth, and in many instances nearly one-third, of the bills-receivable of the banks, since the late civil war, having^consisted of demand loans.to brokers and members^of the stock-board, which transactions have a tendency to impede and unsettle, instead of facilitating, the legitimate business, interests of the whole country. Previous to the war the stock-board is said to have consisted of only onehundred and fifty members, and its organic principle was a strictly commission business, under a stringent and conservative constitution and by-laws. The close of the war found the membership of the Stock-board increased to eleven hundred, and composed of men from all parts of the country, many of whom had congregated in Wall street, adopting for their rule of business the apt motto of Horace, "Make money; make it honestly if you can; at all events make money."* The law of the State of New York, restricting, the operations of the stockboard, which had been retained on the statute-book since 1813,t had, unfortunately, been repealed in 1858, so that its members and manipulators were enabled to increase their operations to. a gigantic scale. * Rem facias; rem, Sipossi8,recte; sinon, quociinque modoretn. t ''All contracts, written or verbal, for the sale or transfer of any certificate orother evidence of debt, due by or from tlie United States, or any separate State, or of any share or interest in the stock of any bank, or of any company incorporated under any law of the United Stiates, or of any individual State, shall be absolutely void, unless the party contracting to sell of transfer the same shall, at the time of making such contract, be in the actual possession of the certificate or other evidence of such debt, shiare or interest, or be otherwise- entitled in his own ri^ht, or be duly authorized by sonie person so entitled, to seU or transfer the said certificate of debt, share, or interest ^ so contracted for. ( , ^'All wagers concerning the price or prices, present or future, of any part of any debt due by or from the United States, or any sei^arate State, or of any share or interestin the stock bf any bank or other company incorporated under the lia ws of the United States, or any individual State, or of any certifica,te or other evidence of any such debti or part of such debt, or of any such share or interest, shall be void. "Every person who shall pay or deliver any money, goods or thing in action, by way of premium or difference, in pursuance of any contract or wager in the two last sections declared void, and his personal representatives may recover such money, goods, or pther thing in action, of and from the party receiving the same and his personal representatives." ' Passed February 25, 1813. '(Page 706., revised statutes of New York, vol. 1, second edition.) Repealed laws of New York, page 251, eighty-first session, 1858. 93 COMPTROLLER OF THE CURRENCY. The quotations of the stock-board are known to be too frequently fictions of speculation, and yet these fictions control the commerce and business of a great country,; and their influence is not confined to this country, but extends to other countries, and seriously impairs our credit with foreign nations. The fictitious debts of railroads and other corporations which they have bolstered up, and which; have obtained quotations in London and other markets of the world, have now been reduced to a more proper valuation, or stricken from the list. Whether the Congress of the United States or the legislature of the State of New York may nj)t re-enact a law reviving-similar restrictions with great benefit to the true.business-interests of all parties is respectfully submitted. Many measures of reform are proposed in order that the lessons pf the crisis may not be lost, and others be led hereafter to repeat similar errors. Unity of action among the leading banks.of the great cities will do.more to reform abuses than any congressional enactment; for, .unless such corporations shall unite and insist upon legitimate methods of conducting business, the laws of Congress in reference thereto will be,likely soon to become inoperative—such enactments being observed ; in their true spirit by the few, while the many evade them and thusinvite a repetition of similar disasters. If, however, the banks are disinclined to unite for such a purpose, the legislation required of Congress will be such as will induce associations outside of the city of New York to retain in their vaults such funds as are not needed at the commercial center for purposes of legitimatcbusiness. , The following^ table, exhibiting the condition of the banks in New York City in the month of October for fbur years past, has been prepared for purposes of comparison with the statement, of September 12, of the present year, which is also given : O C T O B E R 9, • OCTOBER £ O C T O B E R 2, 1869. 1870. 1871. 54 b a n k s . . 54 h a n k s . 54'hanks. O C T O B E R 3, ,1872. S E P T E M B E R 12, •1873. Eesourc.es. 50 h a n h s . : 48.hanks. 96410 498 50 $3,-180,738 35 938, 875. 98 L o a n s on U . S. h o n d s on clemaindj ^9, 414,: 602 90 70, 53, 331 18 53^409,624.68 916,130 34 O t h e r s t ' k s , b'ds, &c., on d e m ' d 48, 650, i 3,411,738 28 381, 571 00 L o a n s p a y a b l e i n gold 590 54 624 55 924, 310 47 122, 806, 969 10 123,183, 100, 237, L o a n s , all o t h e r 182, 459 04 928 401 225,675,50 215, 166 19 241, Overdrafts 100 00 870,100-00 550 00 600 00 34, 312, 337, 41, 762, B o n d s for circulation 650,000 00 000 00 569, 000 00 1, 066,750 OOI B o n d s for d e p o s i t s . , . . . . 1, 474, 700 00! i332; 400 00 050 OOl 750 00 4,310, 5, Oil, U . S. b o n d s on h a n d 552, 797 40 250 03 ' 4,400,397 21 261 -39 6, 514, Other.stocks aud bonds. 611 01 740,-765 99 721' 82 13i 225, 724. 05 13, 952, D u e from n a t i o n a l b a n k s " . •077,.286 04 841 40 ' 3^232,205 4S| 529 36 1, 806, D u e from S t a t e b a n k s 352. 99 469, 984 33 205 88 8, 061, 189 04 . Ileal estate,'furniture, & fixtures] 7, 422, •905, 622 11 116 17 ' lill7,471 34 525-00 1,103, Current expenses ,.. 339.19| 766,179 69 601 10 ' . ^ 804, •615-25 805, P r e m i u m s paid -. 47.4 86 058,.769 53 929 97 . 3, 649, 751 92 3, 487, Cash items 897, 740 69 034 12 89, 971,391 35 335 53 - C l e a r i n g - h o u s e exchanges...... L-7.8;.55.5, 618, 583 00 474 00 2,724, 791 00 519 00 1,755, National bank notes ,...., 901:62 338, 394 32 857 09 . 293i 076 761 611, Fractional currency , 767 37 063, 200 55 '869 40 742 91 920, 1, 792, Coin . 522, 610 -00 260 00 5, 454,•.580'00 900'OOl 16, 897, Gold- T r e a s u r y notes , 485-00 468,530 00 183 00 27, 004, 577 00 21^, 070, • Legal-tender notes 000 00 575, 000 00 .000 00 12, 05.0, T h r e e .per cent, certificates. •000.00 10, 810, 000 00 •5,855, TJ. S. certificates of d e p o s i t . 15,945,000 00 17,015,000 Op 17,895, 000.00 5, 585,.000 00 Clearing-house.certificates.. 390,563,093-35 375,152, 133 15 422, 345,.958„ 95 395,976,:719-78 389, .486, 310 48 94 REPORT ON THE FINANCES. OCTOBER 9, OCTOBER ? OCTOBER 2, 1869. 1870. 1871. 54 banks, OCTOBER 3, SEPTEMBER 12, 1872. 1873.. 54 banks. 50 banks. 48 banks. Capital stock $73, 218,100 00 !|73, 435,000 00 235, 000 Surplus fund 17, 768, 667 71 18,835, 099 19 468, 615 Undivided profits 10, 964, 277 76| 10, 039,181 42 388, 683 National bank circulation 34, 683, 075 00 32, 945,080 00 632, 976 State bank circulation 243, 974 00 235, 959 00 226, 479 Dividends, unpaid 236, 860 65| 26.5, 569 Individual deposits—currency 136.660 848 70 527,991, 339 01 091, 424 gold Certified checks 52, 580, 265 47 37, 689,570 531 4^,679, 638 1, 282, 332 36 1, 329,457 01 891, 358 Cashiers' checks 241, 961 991 073, 218 TJnited States deposits 253, 692 98 Deposits of TJ. S. disb'g ofiicers Due to other nationarbanks.. 50,005,913 23 55, 947;455 65 701, 443 Due to State bank.s and bankers| 12, 901, 946 14 16, 225,168 70 630, 052 Notes and bills rediscounted 61, 500 Bills payable 285, 000 878, 877 049,162 070, 951 189, 575 261, 830 749,902 170, 566 827, 794 778, 729 238, 092 3,213 550, 921 852, 279 Liabilities. 54 hanks. Total 39, 825 14 235, 000 00 923,211 45 210, 470 03 482, 342 00 146,525 00 205, 979 60 463, 264 04 101,731 10 695,185 810 252,481.79. 296, 877 39 40,297 13 257, 769 25 113,'050 50 62,125 39 390, 563, 093 35 375,152,133 15 422, 345, 958 95 395, 976, 719 78 389, 486, 310 48 1 1 I I - I ^ B e s e r v e , 24. 4 p e r c e n t . The following totals exhibit similar data, compiled from the returns of the country banks of New England, the Middle, and'the Western and Northwestern States. states. Items. September 12, 1873. October 13, . 1873. November 1, 1873. NEW ENGLAND STATES. Maine New Hampshire Vermont Massachusetts Bhode Island Connecticut ^ ' Loans •. Circulation Deposits.. Balance due to banks Due from redeeming agentsLegal-tenders. -: Specie ^154, 407,121 ^150,841, 262 82, 746, 627 83,154, 774 61, 912, 935 55, 830, 627 3, 230, 941 2, 224, 089 18, 969, 598 13,411,621 10, 956, 979 11, 517, 756 360, 786 304,187 |148, 291, 782 83, 288, 566 52, 725, 593 552,117 12, 425,176 11,431,217 339, 634 MIDDLE STATES. , •New Tork New Jersey Pennsylvania Delaware • Maryland • < Loans Circulation Deposits , Balance due to banks Due from redeeming agents. Legal tenders Specie : .., 150,157, 681 65, 416, 519 102, 671,101 1, 226, 981 21, 428, 875 13, 541; 549 430, 944 142, 085, 003 65, 871, 069 89, 036, 682 1, 869, 819 14,015,227 14, 782, 708 301, 939 138,273.174 65, 976, 343 85, 907, 955 Loans Circulation , Deposits Balance due to banks Due from redeeming agents. Legal tenders Specie , 123, 854, 884 59, 659, 474 92, 856, 762 116, 833, 970 60, 253, 336 75,541,162 111, 549, 204 60, 475, 650 70, 772, 060 17, 993. 614 14, 085, Oil 246, 003 8, 029, 701 16, 341, 748 217, 680 7, 981, 507 16,199, 236 275, 521 12, 024, 641 14, 949, 860 357,335 WESTERN STATES. Ohio Indiana Illinois Michigan Wisconsin Iowa Minnesota Kansas Nebraska : :- - - The Comptroller, in order to obtain statistics of the condition of the banks during the late panic, as well as just previous to its commencement, issued a circular calling upon all the national banks for reports on October 13, the day on which the banks of the city of New York held the smallest amount of legal-tender notes duringthe late crisis, and on November 1, the day on which the banks resumed currency payments. The aggregates of these statements for each State and the redemption cities will be found in full in the appendix to this report, as will also a statement exhibiting in detail the average amount of loans, circulation, deposits, specie, and legal-tender notes of each of the asso 95 COMPTROLLER OF THE CURRENCY. ciated banks of New York City for the week ending September 20,1873, and the aggregates as reported to the clearing-house fbr the week ending November 22. . From all.these returns the following comparative statement of the banks in New York City at different dates has been prepared: > " . September 12, September 20, October 13, 1873. 1873.* 1873. Loans Circulation Deposits Balance due to banks. Legal tenders Specie'. $199,160, 888 27, 482, 342 99, 952, 097 72, 552, 768 32, 278, 530 14, 585, 811 November 1, November^ 1873. 22,1873.* $179,135, 030 $169,164, 559 27, 851, 206 27, 835,- 612 $27, 267, 700 89, 664, 948 92, 563, 997 138, 625, 300 38, 790,118 36, 911, 563 6, 517, 250 15, 668, 452 25, 330, 600 29, 607, 200 10, 031, 470 11, 499, 457 14, 759, 300 16, 119, 400 s^27,151, 600 167,184, 600 * Averages as reported to clearing-house, for week ending at .the date mentioned. Some of the special reports were not received until during the present week, and the abstracts were therefore so lately completed that the Comptroller can only refer the inquirer to these curious and interesting .statistics ofthe condition ofthe banks ofthe country during the month of the panic, without any extended comments.* INTEREST ON DEPOSITS. In my last annual report I referred briefly to the evils resulting from the payment of interest upon deposits, and my predecessors have frequently referred more at length to the same subject. The difficulty has been that the proposed legislation by Congress upon the subject would apply only to the national banks. The effect of such legislation would be to bring State banks and savings banks, organized by authority of the different States, in direct competition with the national banks in securing the accounts of correspondents and dealers; the national banks would be desirous of retaining their business, and the more unscrupulous would not hesitate to evade the law by offering to make collections throughout the country free of charge, to buy and sell stocks without commission, and to rediscount paper at low rates. The proposed action of the clearing-ho^use in the city of New York, jf adopted by the clearinghouses of the principal cities of the Union, would do more to prevent the payment of interest on deposits than any congressional enactment.' But the evils resulting from the payment of interest upon deposits are by no means confined to.the city banks. It may be safely said that this custom, which prevails in almost fevery city and village of the Union, has done more than any other to demoralize the business of banking. State banks, i)i'iYate bankers, and associations under the guise of savings banks, everywhere, offer rates of interest upon deposits which can* Since writing the above the following statement has. been prepared, showing the whole amount of national-bank cnrrency, legal-ten der notes, and fractional cnrrency issued np to October 12 and November 1, 1873 : October 13. National-bank currency Legal-tender notes Fractional currency ' - Totals Deduct amounts held by the Treasury and by the banks ) November 1. |350,049,056 359,566,888 46,699,191 $350,332,884 360,952,206 47,876,149 756,315,135 116,496, 997 759,161,239 128,140,727 • • — Which win leave .unaccounted for 639,818,138 ' 631, 020,512 After making due allowance for the currency held by State and savings-banks, trust companies, and private bankers, these are larger amounts than can be supposed to have been in the pockets of men or the tills of small dealers. But it may be left to the ingenious in such matters to divine what portion thereof was hoarded by the timid, the ignorant^ or the covetous. 96 , . REPORT ON THE FINANCES. not safely be paid by those engaged in legitimate business.. National .^banks, desirous of retaining the business of their dealers, also make similar offers, and the result is,, not only the incirease of the rates of inter-. est paid to business men, but, as a consequence, investments in unsecured loans, bringing ultimate loss both upon the shareholders of the bank and -the depositors. The kind of legislation needed is that which shall apply to all banks and bankers alike, whether organized under the national currency actor otherwise. Alaw prohibiting the payment of interest on. deposits by the national banks will have little effect, unless followed by similar, legislation under authority of the different States, and there is lit tie hope that such legislation can be obtained. The national currency act,* .which was passed during the war, provided for a tax of one-half of one per •cent, upon all deposits, and,, subsequently, internal revenue legislation extended this tax to all deposits made with State banks and individual .bankers. If legislation prohibiting the payment of iriterest on deposits shall be proposed, I recommend that this Jaw be so amended as to repeal this tax, so far as it applies to dena^and; deposits, and that an increased rate of taxation be imposed uniformly upon all deposits which, eithier directly or indirectly, are placed with banks and bankers wuth the offer or expectation of receiving interest. Such legislation, if rigidly enforced, would have the effect, not only of reducing the rate of interest throughout the country, but at the. same,time preventing the illegitimate organization ,of savingS:banks---.which organizations should be allowed only upon the condition that the savings of the people shall be carefully and prudently invested, and the interest arising therefrom, after deducting reasonable ex:penses, distributed from time, to time to the depositors, and to no other,persons whatsoever. ' CERTIFICATION OF CHECKS. The act of March 3, 1869, authorizes the appointment of a receiver ^'if any officer, clerk, or agent of any national bank shall certify any check drawn upon said bank, unless the person pr company drawing the said check shall have on deposit in said bank>at the time said check is certified an jampunt of,mpney equal to the amount.specified in such check." Eeceivers have been appointed during the past year, for the National Bank of the Commonwealth of New York and the New Orleans National Banking Association, for violations of this act; and it is the intention of the Comptroller'to hereafter rigidly enforce this act whenever he is satisfied of such violation. ' ' P R O F I T ON CIRCULATION; TAXATION, EARNINGS, AND DIVIDENDS.. ^ It is.asserted that the national banks should be subject to greater taxation than^other capital because they derive, large profits from the issue of their circulating notes. In geueral terms it is stated that the profit^; derived-by. the national banks from such circulation is between five and six per. cent, in gold interest upon the .amount of the bonds on deposit with the Treasurer, bearing that rate,of. interest payable in coin. Nothing could be more erroneous. The banks hold an average reserve of more than one hundred millions of legal-tender notes, which is equivalent to a loan fo the Government without interest. T^hey also hold of United States bonds, purchased at a premium, $42,471,000 in^ excess of the circulation issued,-which they are required to keep on deposit with the Treasurer of. the United States as security for circulation, and ifrpm which they derive no profit except the annual interest paid to all holders, of, such bonds.^^^L^ ^nitpd States COMPTROLLER OF THE.CURRENCY. 97 six per cent, bonds held by the banks have also from time to time been voluntarily surrendered by them to the Government and five per cent, bonds taken in exchange. . ' The* only national banks authorized to be organized under the act of July 12, 1870, were banks to be located in States which had received less than their proportion of circulation, as provided by the act. During a large portion of the past year, five per cent, bonds issued by the Government have been at a premium in the market of fifteen percent. A national bank organized in the city of Chicago deposits with the Treasurer $100,000 of five per cent, bonds, costing $115,000 in curvrency. Upon these bonds the bank receives from the Government $5,000 interest in gold, which, with the premium thereon, would amouut to $5,750. I t also receives in circulation $90,000, and isrequired to keep twenty-five per cent, of that amount on hand as reserve, leaving $67,500, from which it would derive an income, at ten per cent., of $6,750; and from this must be deducted a tax of one per cent. ($900) upon the amount of circulation issued, leaving an income of $5,850, which, if added to the interest received from the bonds, would amount to $11,600. If the $115,000 had been invested in bonds and mortgages bearing ten percent, interest, it would net annually $11,500, leaving a profit of $100 to the bank for circulation during the year, and a loss of $15,000 premium upon the bonds at the date of their maturity. The profits of a country bank located in the West or South, with interest at ten per cent., adopting the same calculation^, would be a little more than one per cent., and of a bank located in the city of New York, with interest at seven per cent., about 1^ per cent.;; and of a country bank located in the East, with interest at seven per cent., less than 2J per cent. The earnings, upon capital invested in United States bonds upbn whfch circulation is issued, would not, in the city of New York, exceed the profits of an investment returning an income of 8J per cent., and in a country bank in the East they would be but little more than on an investment earning nine per cent. The national banks, prior to May 1,1871, paid to the Commissioner of Internal Kevenue a license or special tax of $2 on each $1,000 of capital^, and an income tax on net earnings to December 31, 1871. The special or license tax from May 1,1864, to May 1,1871, amounted to $5,322,688.43;. the income tax from March 1, 1869, to September 1, 1871, amounted to $5,539,289.17. The national banks also pay the following taxes to theTreasurer of the United States: one per cent, annually on circulation out-standing; one-half of one per cent, annually upon deposits; and one-half of one per cent, annually upon capital not invested in United States bonds.. These taxes are payable semi-annually. The following table exhibits the amount of taxes collected by theTreasurer, annually, from the organization of the system to January 1,. 1873: Year. 1864 1865 1866 1867 1868... 1869 1870 1871 1872 -'... Totals . . . 7F Circulation. 740 45 1,371, 170.52 2, 638,396 35 2, 934,685 63 2, 955,394 60 2, 956,168 02 2, 941,381 51 3, 092,797 56 3, 282,597 46 Deposits. ^412, 953 99 2,106, 480 74 2, 668,674 72 2, 518,780 65 2, 657,235 91 2, 525,571 87 2, 694,480 26 3, 027,767 58 3,144, 839 45 22, 460, 332 00 •21, 756, 785 17 Capital. Aggregate. ^55, 631. 63. 316, 829 01 350, ,545 29 314, 899 42 299, 126 21 349, 147 97 381, 598 67 385, 24? 07 418, 883 75 S756, 326 07 3, 794,480 27 5, 657,616 36 . 5, 768, 365 70. 5,911, 756 72: 5, 830,887 86 6, 017,460 34i 6, 505,812 2 1 6, 846,320 66 2, 871, 909 02 47, 089, 026 19 98 REPORT ON T H E FINANCES. The national banks are required by ;the act of March 3,1869, to make sehii-annual returns to this office of their dividends and earnings. Erom these returns the following table has been compiled, exhibiting the aggregate capital and surplus, total dividends, and total earnings of the natioual banks, with the ratio of dividends tb capital, dividends to capital and surplus, and earnings to capital ahd surplus for each half year, commencing March 1,1869, and ending September 1, 1873. KATIOS. P e r i o d of six No. ol m o n t h s end- b ' n k s . ing- Sept. Mar. .Sept. Mar. •Sept. Mar. ,^Sept.. Mar. iSept. 1,1869- 1,481 1,1870. 1, 571 1,1870. 1, 601 1,1871 1, 605 1,1871. 1,693 1,1872. 1,750 1,1872.: 1,8.52 1,1873. 1,912 1,1873. 1,955 Capital. $401,650,802 416, 366, 991 425, 317,104 428, 699,165 445, 999, 264 450, 693, 706 465, 676, 023 475, 918, 683 488,100, 951 Surplus. T o t a l dividends. Total net earniugs. $82,105, 848 121, 767, 831 $29,221,184 86,118, 210 21, 479, 095 28, 996, 934 91, 630, 620 21,080,343 26; 813, 885 94, 672, 401 22, 205,150 27, 243,162 98,'286, 591 22,125, 279 27, 315, 311 99, 431, 243 22, 859, 826 27, 502, 539 105,181, 942 23, 827, 289 30, 572, 891 114, 257, 288 24,826,061. 31, 926, 478 118,113, 848 24, 823, 029 33,122, 000 Earnings Divi- D i v i d ' n d s dends to to c a p i t a l to capit'al a n d 8ur-. a n d surcapital. plus. plus. Fer ct 5.42 p. 16 4.96 5.18 4.96 5.07 5.12 5.22 5.09 F e r ct. 4.50 4.27 4.08 4.24 4.07 4.16 4.17 4.21 4.09 Fer.ct 6.04 5.77 5.19 5.21 5. 02 5.00 5.36 5.41 5.46 This table shows that the dividends of the national banks upon an average for a series of years, have been about ten per centum per annum, while the dividends upon capital and surplus, which is the true ratio, have been less than nine per cent.* As the law now stands, the * The following stateinent of the ten principal joint-stock hanks of London, including thei.r^ hranches, exhibiting the capital, reserve, deposits, net proiits, and dividends of each for the half year previous to July 1,1873, has been conapiled from balance-sheets of the banks published in the London Economist of October 18, 1873 : P r o p o r t i o n of d i v i d e n d t o capital. , 1l No. Capital and . surplus. Banks. T o t a l deNet posits and profits. acceptances. rt Amount of dividends for half y e a r . CO CO ® »-3 1 2 3 4 5 fi 7 8 q 10 h ©r-l 1 CO Is o fi ,pr ct. p r ct. pfir ct. p r ct. p r c t •pr a n . yr an. pr an. p r an. p r an. London and Westminster 1 -. £3,000,000 £29, 548, 770 £241, 098 24.10 £200, 000 *20 20 *20 *18 L o n d o n J o i n t Stock 1, 673, 849 139, 867 23. 31 120, 000 17, 404, 319 2o 20 20 25 5-6 London and County 1, 800, 000 169, 384 28. 23 100, 000 20, 936, 233 20 20 20 19 TJnion 1, 500, 000 137, 910 22.98 127, 500 20 18, 028, 531 20 20 20 9 City •30, 000 750, 000 49, 509 16.50 10 6,154, 383 10 10 6 Imperial 740, 000 46, 634 13.82 27, 000 8 2, 919, 237 8 8 L o n d o n a n d South5 western 172, 680 758, 314 7,101 8.54 4, 985 6 6 5 Consolidated 876,125 3, 258, 035 69, 895 16.47 36, 000 9 9 8 Q 309,000 '669,018 8,004 16.00 4,000 Central 8 8 8 5 940, 000 Alliance 2, 336, 440 34, 520 8.63 28, 000 7 7 6 Total B a n k of E n g l a n d , A i i g u s t 31,1873.. 11, .561, 654 102, 013, 280 903, 922 20.68 17, 580, 000 t29, 080, 534 785, 221 10.80 '764, 032 677, 485 15^ 10 .10 * From the London Economist of March 15, 1873, page 84. t Public and other deposits September 11,1873. The statistics of the Bank of England and its dividends were obtained from the report of the Bank of England published in the Economist for Septeniber 13. 1873. Tbe usual dividends of this bank are 10 per cent, per aunum, but the amount has varied for some years i^ast from 8 to 13 per cent. 99 COMPTROLLER OF THE CURRENCY. national banks are subject to a tax of one per cent, per annuni upon circulation, of one-half of one per cent, upon the average, amount'of deposits, and one-half of one per cent, upon the average amount of capital stock beyond the amount invested in United States bonds. The tax-, ation on deposits was essentially a " war-tax," such a duty never having been, as is believed, before imposed upon the banks of any country. While almost every other species of property and investment escapes taxation upon its full valuation, the data for the taxation of the national banks can always be obtained from their reports; so that a tax is derived from this species of investnient at a much, greater ratio than that derived from capital otherwise invested. The result of such excessive taxation is to increase the rate of interest which is paid by the borrower, for the same reason that ah internal-revenue tax upon the products of the manufacturer is paid, not by the manufacturer, but by the consumer. The Gomptroller is of opinion that justice to all parties requires the repeal of the provision imposing a tafx upon deposits, unless, in the judgment of Congress, interest-bearing certificates shall be issued as recommended, which may be counted as a certain portion of the reserve tp be kept on hand; in which event it is believed that the taxation derived from deposits will much more than liquidate the interest derived from such certificates. An additional table in the appendix exhibits in a concise form the ratio of dividends to capital, dividends to capital and surplus, and earnings to capital and surplus, of the national banks in every State of the Union and in the redemption cities, semi-annually, from March 1, 1869, to September 1, 1873. . INSOLVENT BANKS. Since the last annual report, receivers have been appointed for eleven national banks, (seven of which failed during the late financial crisis,) as follows: Di^T.- Cash dends. on hand. Name and location. Appointment of receiver. Capital stock. Scandinavian National Bank, Chicago, Bl Walikill National Bank, Middletown, N. Y Crescent City National Bank, ISow Orleans, L a . . . Atlantic National Bauk, New York, N. Y First National Bank of Washington, D. C National Bauk of the Commonwealth, New York. Merchants' National Bank, Petersburgh, Va First National Bauk of Petersburgh,Va First National Bank of Mansfield, Ohio New Orleans National Banking Association, L a . . . First National Bank of Carlisle, Pa Dec. 12,1872 Dec. 31,1872 Mar. 18,1873 Apr. 28,1873 Sept. 19,1873 Sept. 22,1873 Sept. 25,1873 Sept.25,1873 Oct. 18,1873 Oct. 23,1873 Oct. 24,1873 Per ct. $250, 000 $240, 810 25 175, 000 . 1.52,588 75 500, 000 *666, 751 300, 000 521, 526 " " . 5 5 ' 30 500, 000 *1, 655, 795 750, 000 *791, 036 400, 000 *1, 002, 346 200, OCO *178, 618 100, 000 *177, 207 600, 000 *642,182 50, 000 *68,960. Total Claims proved. $16, 300 15, 302 131, 945 109, 030 153, 300 12, 787 8, 922 9,355 7, 972 1 814 3, 825, 000 6, 097, 819 * Estimated amount of claims. The failure of all of these banks may be attributed to the criminal mismanagement of their officers, or to the neglect or violation of the act on the part of their directors. The officers of two of these banks have been arrested ; one has been convicted, and the other is undergoing trial; while the president of the first bank which failed during the year left the country on. the pretext of visiting some of the foreign shareholders of the bank for the purpose of inducing them to subscribe for additional stock, but did not, of course, return upon the announceiiicnt of the failure of the bank. 100 ' REPORT ON THE FINANCES. Dividends have been declared in favor of the creditors of these banks as follows: . ' Scandinavian Nation'al Bank, Chicago Walikill National Bank, Middletown, N. Y • Atlantic National Bank, New York City First National Bank, Wasbington, D . C / . - . . .' :. : 25 per cent, 75 per cent. 55 per cent. ^ 30 per cent. During the year dividends have been declared as follows upon banks which had previously failed: First National Bank, Selma, Ala National Unadilla Bank, Unadilla, N. Y First NationalBank, Bethel, Conn National Bank oi' Vicksburg, Miss First National Bank, Rockford, 111 First National Bauk of Nevada, Austin, Nev Eighth National Bank, New York First National B'ank, Fort Smith, Ark.. .^^ , °^ • 35 per 32 per 28 per 35 per 25 per 15 per 10 per 100 per cent. • cent. cent. cent. cent. cent. cent. Cent, Assessments will soon be made upon the shareholders for deficiency, and, if not. paid, suits will be brought to collect such.deficiency from the shareholders of The Farmers and Citizens' JSTational Bank of Brooklyn and The Eighth National Bank of New York. Similar suits will be promptly brought against the shareholders of the other banks as soon as the deficiency shall be ascertained. The receivers of The Ocean National Bank of New York, The Walikill National Bank of Middletown, .N. Y., The Atlantic National Bank of New York, The First National Bank of Washington, D. 0., The National Bank of the Commonwealth, New York, The First National Bank of Mansfield, Ohio, and The First National Bank of Carlisle, Pa., encourage me to believe that the creditors will be paid in full in the course of the next year. No efibrt will be spared on the part'of the Comptroller to collect promptly the assets of ^these insolvent banks, and return, if possible, the fhll amount tp the creditors. In many cases creditors grow impatient, ahd attribute great neglect to the Comptroller and the receiver, when the delay in the payment of dividends has been caused by protracted litigation which could not be avoided, and which has been continued for the benefit of the creditors. It is believed, however, that no other system of banking previous to the organization of the national banking system has been so successful in converting assets and making prompt dividends to creditors. Attorney-General Akerman gave an opinion, Septeinber 9, 1871, that the United States was not entitled to precedence for moneys deposited in national banks beyond the amount of security on deposit with the Treasurer. This decision has recently been confirmed by the present Attorney-Gen eral, and approved by the Secretary of the Treasury, and under that decision dividends have been declared during the past.year in favor of the creditors of The First National Bank of Selma, Ala., and The National Bank of Yicksburg, Miss. A dividend in favor of the creditors of The First National of New Orleans is still delayed, on account of a claim of the Government consisting of a balance of $221,769 unpaid upon a check of a former assistant treasurer of the United States upon the bank; but there is some encouragement to believe that the claim may be settled without further litigation, and a dividend of 25 per cent, be soon declared. At the time of the failure of The First National Bank of New Orleans, bills of exchange were outstanding, drawn upon the Bank of Liverpool, amounting tb about $280,000. Proceedings in chancery were commenced in England by the holders of these bills to recover, upon the theory that there had been a specific appropriation of funds to pay the several COMPTROLLER OF THE CURRENCY. ' ' • f ' 101 • bills as they were issued. The decision of the vice-chancellor was in favor of the holders of the drafts. The receiver appealed to the Lord High Chancellor, and three judges with him sitting pronounced elaborate opinions, reversing the vice-chancellor's decision and decreeing the payment of the money to the receiver. Two of the claimants.appealed to the House of Lords, and this appeal has recently been dismissed with costs, after six years' litigation from the lowest to the highest chancery tribunal in England. The Comptroller desires to call the attention of Congress to the necessity for some legislation authorizing him to appoint receivers of national banks, for insolvency, when such insolvency shall become evident from the protest of the drafts of such associations, or otherwise, if, after due examination shall have been made, the assets of the association are found not sufficient to liquidate its debts. The Comptroller also desires to call the attention of Congress to the fact that where suits are brought . for 'the forfeiture of the charter of a bank, as provided in section 53 of the act, no provision exists for the appointment of a receiver when the charter is determined and adjudged forfeited bythe United States court before whom the suit is required to be brought by the Comptroller. It is desirable that prompt me^fsures should be taken for forcing weak banks into liquidation, under section 42 of the act, when it is believed that the officers and directors will honestly wind up the affairs of such banks, and that full authority should be given to appoint a receiver in all cases where the forfeiture of the charter is adjudged. Provision should also be made, after full payment of air the debts of the association, for placing the remaining a.ssets in the hands of an agent appointed by the shareholders of the bank,''and discharging the Comptroller and the receiver, by virtue of such legislation, from all further responsibility. Provision should also be made for the investment of the funds on deposit with the Treasurer in interest-bearing securities, when dividends are delayed by reason of protracted litigation. Criminal prosecutions will be brought against officers and directors of national banks for violations of the law, whenever such prosecutions can, in the opinion of the Solicitor, be maintained; The Comptroller ha;s bed'h subjected to some criticism during the late crisis because the indebtedness of private bankers to national banks has been found in some instances to exceed one-tenth of the capital of the bank. Section 29 of the act as it now stands does not prohibit deposits payable on demand from being made with private bankers or State banks. An amendment to this section of the act was prepared by the Comptroller, and was introduced,and referred to the proper committee during the last session of Congress, which provided ' ' t h a t the total liabilities to any association, of any person, or of any company, corporation, or firm, (not including the liability of one national bank to another national bank,) including in the liabilities of a company or firm the liabilities of the several members thereof, shall at no time exceed one-tenth part of the aggregate-amount of the capital stock of such association actually paid in, and its surplus fund." The Comptroller urgently recommends the passage of this amendment. Tables giving statistics in reference to insolvent national banks will be found in the appendix. • SAYINGrS-BANKS, TRUST AND LOAN COMPANIES, AND ORGANIZED UNDER STATE LAWS. STATE BANKS The act of Congress approved 19th February, 1873, requires the Comptroller of the Currency '' to report annually to Congress, under appro 102 ^ REPORT ^ON THE FINANCES.. priate heads, the resources and liabilities, exhibiting the condition of banks, banking companies, and savings-banks, organized under the laws of the several States and Territories ; such information to be obtained by the Comptroller from the reports made by such banks, banking companies, and. savings-banks to the legislatures or officers of the States and Territories. And where such reports cannot be obtained the deficiency shall be supplied from such other authentic sources as may be available.'' Savings institutions. In obedience to this command the Comptroller reports that he has encountered a full measure of the difficulties and disappointments in his way which are intimated in the last clause of his instructions. The deficiency of official reports is shown by the fact that he has been able to obtain, in form for use, the condition of these institutions in only eight of the thirty-seven States in the Union and the District of Columbia, and none at all from the nine Territories. The inaccuracy and incompleteness of many of these official returns will show how unavailing have been his efforts to comply with the requisitions of the act. Only about twenty-eight of the States have made any reply to his appliciations for the required information, and ten of this number answer that they have none to give ; ten of them make such returns, but in such form that they cannot be put into satisfactory statements. They afford no clear exhibit of either the whole number of these State institutions, or any means of balancing their resources and liabilities. To do something like justice to the reports received from the several States they may be divided into four classes. ' First. The official returns which this office has been able to put into a regular form. Second. Those of the States which do not afford either comprehensive or satisfactory exhibits of the number and condition of their State banks, savings-banks, and trust and loan companies, distinctively. Third. Those which answer through their executive authorities that they can make no reports whatever. Fourth. Those from which no answers of any kind have been received. The first class consists of the six New England States, New York, New Jersey, and the District of Columbia. The reports of these have been found capable of general tabulation, and fairly obtained balances of resources and liabilities. The statement in detail will be found in the appendix. ; /Savings institutions of the first class. The following noteworthy particulars pertain to the savings-banks of these States, exclusive of the District of Columbia.* 1st. They are old Eastern States, geographically contiguous, and in general have ^their business and banking institutions tolerably well or* The District of Columbia is not embraced in the following comparative statements for the reason that thirty-four branches of the Freedmen's Savings and Trust ComiDany, distributed throughout sixteen States, are reported from the central office as of the District of Columbia; and it may be noted here tbat thirty-two of these branches are located in the old slave States, and their aggregate deposits in June, 187.3, w^ere $3; 522,742 While those of the two old free States were -505,927 Total :. 4,028,669 COMPTROLLER OF THE CURRENCY. 103 ganizedj and they observe more respect to the just claim of the community for publicity of their affairs than do the monetary institutions of other divisions of the Union. 2d. The magnitude of their deposits, as they are given at the close of the year 1872—aggregating, for the eight States, $663,244,179, while the deposits of the national banks of the same States at about the same date stood at $360,399,206—the deposits of these savings-banks bearing the proportion to those of the national banks nearly as 65 to 35/ The deposits df the savings-banks of the six New England States, taken alone, at the close of 1872, amounted to $349,395,377, while those of the national banks of the same States, at the same time, were but $100,498,415; or they stood as 77.66 to 22.34, respectively, Avhich is nearly 3^ to 1. Again, the relative numbers were then 406 savings-banks, and of the national banks 449. The aggregate population of New England in the autumn of 1872 may be stated at 3,628,835. The number of open depositor accounts is given at 1,109,995, which is equal to 30J per cent, of the entire population. Connecticut reports, for January 1,1873,.the number of depositors in her savings-banks at 39 per cent, of the population. The whole amount of the deposits at this date averaged to each person in the State $127.50, and to each depositor $340. The average amount to the credit of each depositor in the" six New England States w^as $315.73. The interest and dividend paying investments of the savings-banks of these six States amounted to $340,556,997, which is equal to 97.16 per cent, of the aggregate de|)osits, and their cash on hand was $5,913,127,* or 1.69 per cent, of their liabilities to the depositors. The character of these investments will be seen in the appendix. The rates of interest or dividends paid to the depositors Avill appear, so far as they could be obtained, in the same tabular statement. The average rate of interest, for some of these States, is not given in their summary statementSi and it^ was found impossible to calculate it from reports of the individual banks. It should be understood, also, that the stated * To explain an apparent discrepancy between the aggregate amount of '^ cash On h a n d " in the savings-l3anks of the six New England States and that found in the tabular statement of the appendix, it must be observed that the summaries or aggregates of the resources and liabilities of these banks, made by the bank superintendents of the several States, are adopted in all the cases in which such summaries are made. But the summaries in all the New England States, except Massachusetts, treat " deposits in b a n k s " as ''cash on hand." The propriety of such aggregations is doubtful, or is matterof construction, and, deferring so far to the judgment ofthe State superintendents their figures have been accepted in the foregoing calculations. But if " cash on h a n d " were separated from ''deposits in banks," the proportion to the amount of dex30sits would stand t h u s : Cash on hand in the six New England States, $3,286,719: equal to 0.94 per ceut. of their aggregate deposits, or liability to their depositors; while, if their "deposits in banks " are'included, the total would be $5,913,127 : equal to 1.69 per cent. So, with the corresponding account of the single State of Connecticut, hereafter given at $1,567,334, "cash on hand" would be reduced to $827,258, excluding the amount of the " dej)osits .in banks," or to 1.20 per cent, instead of 2.28 per cent, of the liabilities to the depositors. It may be added that the " cash on h a n d " in the New York savingsbanks stands at $3,796,396—equal to 1.33 per cent, of the deposits; but if their "deposits in b a n k s " are added, the " cash" will be $16,328,893, or 5.72 per cent, of their liabilities to their depositors. Again, it is to be noted that in a. number of instances, greatly affecting the accuracy of tlie division in tbe tabular statement of the cash-account in all the States of our first class, except New York and Massachusetts, no separation of these two classes of funds is made in the summaries of the State reports, and this office has been obliged to accept an undistinguishing aggregate; all of which suggests the necessity of a uniform formula of reports. 104^, REPORT ON THE FINANCES. amount of '^deposits," ih some cases, means the amount "due depositors," including accrued interest. An approximate idea of the business done by these New England savings-banks may be derived from the report of those of Connecticut for January 1,1873. Their deposits at that date amounted to $68, 523,397 Their real estate securities were Personal tind collateral , Bonds and stocks , Total investments : - — •--, $^3? l'^'^? ^ 1 ^ 9, 495, 819 16,423, 662 : . -^ 69, 093,496 Total assets Cash on hand $1,567,334=2.28% of deposits. 71^ 271,395 The rate of increase in the business of the New England savingsbanks is also indicated by an increase of the deposits'of Connecticut on January 1, 1873, over those of January 1, 1872, amounting to $5,805,583 upon $62,717,814, or 9^ per cent, for the year. At the end of the year 1872 the loans and discounts of the New England savings-banks, amounting to $251,668,764, exceeded those of the national banks of the same States, at the same time, by the sum bf $21,608,411, or 9^ per cent. The States of New England, with New York and New Jersey, are here selected as the best representatives ofthe savings-bank system, as it existed and is reported at the latest dates; and the deposits, loans, and discounts ' of the national banks are taken, for the purpose of comparison, at the nearest corresponding date, (3d of October, 1872.) Nearly all of these State institutions make their returns to the State authorities but once a year, and that so late in the year that those for the present year cannot' be received in time to be embodied in this report. For the purpose of exhibiting the relative amount of the deposits in the savings-banks of the States ofthe first class, and affording some measure of their magnitude and business importance, those of the national banks in. the same States have been given. A comparison of the condition of similar institutions in the United Kingdom of Great Britain and Ireland may help in forming a judgment of their value and force in the business of the communfty. . " ^ , In the old savings-banks of the United Kingdom there were, on November 30, 1872, open depositors' accounts, 1,425,147. In the postoffice savings-banks on December 31, 1872, 1,442,448. The amount due to depositorsjn the former The amouut due to depositors in the latter Total £39, 680, 652 19,318,339 . 58, 998, 991 An average to each depositor of £20 125. Thus we have for the number of the depositors of New England, New York, and New Jersey 2,044,640. -Total deposits, $663,244,179, and an average of $324.45 to each depositor; while in the United Kingdom the'number of depositors was 2,867,595; total deposits, $286,145,107, and an average of $99,91 to each depositor. In view of the enormous disparity in the total and average amounts of deposits here exhibited, the question arises whether all the deposits COMPTROLLER OF THE CURRENCY. 105: in the New England savings-banks, or what portion of them, are savings^ and what amount are merely mercantile accounts—a question for the solution of which the reports afford no safe data. It has, however, been estimated that not more than 30 per cent, are actual savings. Savings-banlcs of the second class of State reports. Many of these returns, under the name of "savings-banks," shotv capi- . tul paid in and dividends paid to stoclcholders. These, in constitution and operation, seem to differ in nothing from ordinary banks of discount and deposit. A distinctive description of savings institutions is given in section 110 of the internal-revenue act, as amended by the act of July 13, 1866, in these words: . Associations or companies known as provident institutions, savings-banks, savingfunds, or savings institutions, having no capital stock, and doing no otlier business than receiving deposits, to be loaned or invested for the sole benefit of the parties making sueh deposits, without profit or compensation t o the association or company. ^. Justice Field, of the Supreme Court of the United States, gave full effect to this distinctive definition, in the case of The-German Savings and Loan Society versus George Oulton. in April, 1871, at a circuit court held for the district of California. Governed by this legislative and judicial definition, the Comptroller, in this report, excludes from the class of savings-banks, without regard for the names assumed, all banks which report capital stock or dividends to stockholders. General deficiency of savlngs-banlcs^ reports in States of our second class. Some of these States require by their laws and charters annual,or semi-annual reports to be made to the State authorities, which the authorities do not publish in any of their statistical ^reports. In other.States such reports of the individual banks are allowed to be made to their county or supreme courts, and are inaccessible to the Comptroller. Some of these banks report only to their depositors, in accordance with their own by-laws. For an instance of the impossibility of obtaining full and satisfactory statements, the reply to the Comptroller's inquiries of the president of one of the largest, most legitimate, and soundest of the savings-banks of Philadelphia, may. be properly quoted, so far as this point is concerned. He says, ^'We have no printed reports." The imxiortance of this bank is shown in his answer, by letter, that "^^ it now has near 45,000 depositors and about twelve million dollars." It is probable that many of the savings-banks individually publish their annual statements in the newspapers of their respective towns and cities, but it is certain that they cannot be found registered officially with the financial officers of their respective States. Savings-banlcs ofthe District of Columbia. On the 26th page of the Comptroller's Annual Report for 1872 will be found his recommendation to Congress forthe repeal, so far as it applies to the organization of savings-banks, of the fourth section of the act of 1st June, 1870, which provides ''for the creation of corpora-, tions in the District of Columbia by general law." He repeats his recommendation for the repeal, for the reasons given in his last report, and for the enactment in its stead of a general law with judicious provisions and restrictions. 106 REPORT ON THE FINANCES. ,' TJiird class of States From whose executive officers answers t o t h e Comptroller's letters of inquiry have been received. Extracts from a, few of such replies will suffice to explain the large deficiency of the summaries of this report: The governor of Yirginia says:. ''Banks (except of circulation) are authorized to be organized under our general laws, and they are not required by law to make any reports whatever, except such as may be required by the financial officers of the Government for the purposes of taxation." The governor of West Yirginia replies: " There are banks of discount and deposit in the State organized and chartered under a general law. * '* * * There is no provision in our statutes requiring such banks to make reports to any officer of the State, consequently none are made." The governor of Arkansas answers: " There is no law requiring State banks and savings-banks to make a report of their condition to the State authorities, and, therefore, I am unable to furnish you with the information desired." • The secretary of state of Missouri says: "Banks and savings associations may be organized under a general statute, and, are required to publish semi-annual statements," but adds, " that no report on their condition is made by any State authority." The governor of California answers: " Associations may be formed, • nnder general laws, for the deposit of gold and silver, but no reports are made either to the legislature or to, any State officers." The secretary of state of Alabama says: " There are savings-banks incorporated by special acts of the general assembly, but I am not prepared now to name them, or to direct your attention to the particular statutes creating them," and adds, " There is no provision made that I am apprised of requiring savings-banks to make any report to the State authorities." And an officer of one of the national banks of that State, to whom application was made for the required stal^istics, says": "With respect to two ofthe State banks in one of the cities, even the stockholders and a majority of the directors can get no information as to the stock and business generally. With regard to the others, the information can only be obtained by a deinand made by one having the legal authority to make it." The governor of Mississippi answers: " While the laws of the State authorize the establishment of banks and savings institutions, they do hot require them to make reports to the State authorities." The governor of Kansas says: " Savings institutions are authorized, and required, to publish statements of their condition in their county papers, and to deposit copies in the state department," but adds, " There are no published State reports upon the subject." Altogether, ten of the States whose officers have made replies to the applications of the Comptroller are of a like tenor and import with those above cited. In all of the States of this class there is common newspaper evidence of the existence of State banks, savingsbanks, and trust iind loan companies, but no such comprehensive or specific statements of their conditioh and business as would serve any of the purposes of this report. States and Territories of the fourth class. From these, embracing twelve States and nine Territories, ho reports or answers to his inquiries have been received. COMPTROLLER OF TPIE CURRENCY. 107 Trust and loan companies. These companies are usually organized, by special State statutes, in the large cities. Their, capitals, deposits, and business are quite large in amount. Generally, if not always, they are not required to report to the State authorities, but under the orders of one or .other of the courts. Some of these occur at long intervals, and are probably published in the newspapers;. but even when so published they are by no means full, and furnish but little available information. For instance, one of the largest of these institutions has published but one report in the year, and that report contains only a statement of its assets, without any mention of the amount due to its depositors, or of any of its liabilities; The bank superintendent of New York, in reply to an inquiry in reference to these institutions, says, (under .date bf 31st July, 1873:)"The trust companies of New York are peculiarly situated. Some are under the supervisioii of the bankMiepartment; some are under the control of the comptroller of the State; but the great majority of them are under no sort of supervision. * * * This class of corporations (meaning the last described) has multiplied rapidly during the last few years. * * * . I am not able to furnish a copy of the charter of any of these companies." Some reports of such companies have been received, but the number is obviously so few in proportion to the whole that any attempted report of them for the whole country would be not only.useless but possibly delusive, and for this reason they are now wholly omitted. . State banlcs. In the appendix will be found a statement of the condition of such State banks as have furnished reports which could be cast into regular form. The deficiencies in the number and the details of the reports received are so obvious that the Comptroller deems it unavailing to attempt any generalization of their contents, other than is given in the tabular statement referred to. " In accordance with the legislative and judicial definition of savingsbanks proper, all those State institutions entitling themselves "savings-banks," but reported as having capital stock, are, for the purposes of classification, treated in the tabular statement as banks of discount and deposit. i t deserves to be noted here that the returns of the State banks of New York are at once full, and properly distinguished from the savings institutions. They exhibit the condition Of the State^ banks upon the 12th of September, 1873, the same day as the date of the last regular returns of the national banks. , ^ The Comptroller has great pleasure in acknowledging the courtesy and promptitude of the executive and financial officers of the majority of the States, in making such replies fo his inquiries as were within their power. In view of the paucity df the information furnished, it should be remembered that this is the first call made upon them by any officer of the Federal Government. They were thns, in many instances, unprepared to furnish such statements of their monetary institutions as were required of them; and it may be added that they were not long enough apprised of the requisition made upon them, or sufficiently assured of the generality of the investigation, to put the financial machinery of their respective States in operation for the purpose. But now, fully acquainted with the nature and importance of the investigation, it may be expected.that in the coming year a greatly better and more serviceable collection of statistics will be supplied. 108 REPORT ON T H E FINANCES. Upon reflection, it will be clearly understood that the proposed collection of infoiination concerning the money institutions of the several States, like the inquiries ofthe Census Department of the General Government, seeks only to inform the people of the condition of their organized agencies of commercial and business exchanges. It is also respectfully submitted that the members of Congress, and of the State*legislatures, and the officers of the States, may exert their influence to obtain the passage of such laws as will give us, in the next year, a full and thoroughly usefal presentment of the vast money agencies not within the legal control of this office. SPECIE AND SURPLUS. The following table will exhibit the amount of specie held by the national banjis at the dates mentioned—the coin, coin-certificates, and checks payable in coin, held by the national banks of the city of New York, being stated separately for a period of six years. The old reports of the State banks included in the item of " specie," checks payable in coin, and it is known that such checks composed a considerable proportion of the amount reported as specie, and it is believed that no true exhibit of the actual amountof coin held by the banks of the city of New York has been presented previous to the preparation of this table: Held by national banks in New York C'ity. Date. Coin. Oct.' 5,1868.- ppl, 698,623 24 Jan. 4,1869.. 1, 902,769 48 April 17,1869.- 1, 652,575 21 June 12,1869.- 2, 542,533 96 Oct. 9,1869.- 1, 792,740 73 Jan. 22,1870.. 6,196, 036 29 Mar. 24,1870.. 2, 647,908 39 June 9,1870.. 2, 942,400 24 Oct. 8,1870.. 1, 607,742 91 Dec. 28,1870-- 2, 268,581 96 Mar. 18,1871.. 2, 982,155 61 April 29,1871.- 2, 047,930 71 Jiiue 10,1871.. 2, 249,408 06 Oct: 2,1871.. 1,121, 869 40 Dec. 16,187 L.- J,4.H 930 73 Peb. 27,1872.. 1, 490,417 70 April 19, 1672-. 1, 828,659 74 June 10,1872.. 3, 782,909 64 Oct. 3,1872.. . 920,767 37 Dec. 27,1872.- 1, 306,091 05 Feb. 28,1873.. 1, 958,759 86 April 25,1873.. 1, 344,940 93 June 13,1873.. 1, 442,087 71 Sept. 12,1873-. 1, 063,200 55 TJ. S. coin Checks paycertificates. able in coin. $6, 390,140- $1, 536, 353 18, 038, 520 2, 348,140 3, 720, 040 1,469, 826 11,953,680 975, 015 16, 897, 900 1, 013,948 28, 501, 460 2,190, 644 21, 872, 480 1, 069,094 18, 660, 920 1,163, 905 7, 533, 900 3, 994,006 14, 063, 540 3, 748,126 13, 099, 720 3, 829,881 9, 845, 080 •4, 382,107 9,161,160 3, 680,854 7. 590, 260 1, 163,628 17, 354, 740 4, 255,631 12, 341, 060 3,117,100 10,102, 400 4, 718,364 11, 412,160 4, 219,419 5, 454, 580 12, 471, 940 11, 539, 790 11, 743, 310 22,139, 090 13, 522, 610 66 49 64 82 72 74 30 88 42 87 64 24 92 44 39 90 25 52 Total. Held by other national banks. $9, 62.5,116 90 ^3, 378, 596 7, 337,320 22, 289, 429 97 3,102, 090 6, 842,441 85 15, 471,229 78 2, 983,860 19, 704,589 45 3, 297,816 36, 888,141 03 11, 457,242 25, 589,482 69 11, 507,060 22, 767,226 12 8, 332,211 13,135, 649 33 5, 324,362 6, 227,002 20, 080,248 83 19, 911,757 25 5, 857,409 6, 456,909 16, 275,117 95 4, 833,532 15, 091,422 98 3, 377,240 9, 875,757 84 6, .529,997 23, 065,302 12 8, 559,246 16, 948,578 60 7,787, 475 16, 646,423 99 4, 842,154 id, 414,489 16 3, 854,409 6, 375,347 37 5,269, 305 13, 778,031 05 13, 498,549 86 4, 279,123 2.50 93 3, 780,o57 13, 088, 23, 581,177 71 4, 368,909 810 55 14, 585, 5, 282,658 Aggregate. 49 $13, 003,713 39 29 29, 626,750 26 30 9, 944,532,15 70 18, 455,090 48 38 23, 002, 405 83 69 48, 345,383 72 75 37, 096,543 44 66 31, 099,437 78 14 18, 460,Oil 47 76 26, 307,251 59 39 • 25, 769,166 64 07 22, 732, 027 02 18 19, 924,955 16 33 13, 252,998 17 44 29, 595,299 56 72 25, 507,825 32 47 24, 433,899 46 98 24, 256,.644 14 42 10, 229,756 79 40 19, 047,.336 45 67 17, 777,673 53 8L 16, 868,808 74 01 27, 950,086 72 90 19, 868,469 45 The surplus of the national banks no w amounts in the aggregate to more than^|120,000,000, which is a perpetual and ihcr'easingfund, to which losses^and bad debts may be charged. The act limits the liabilities of any association, person, company, or firm, for money borrowed, to onetenth of the capital paid in. It is recommended that this limit be extended tp fifteen per cent, of capital and surplus, for banks located inthe redemption cities, and one-tenth of capital and surplus for the other banks. SHINPLASTERS. In my last report I called the attention of Congress to the issue of bills of credit by the State of Alabama, which issues are prohibited by COMPTROLLER OF THE CURRENCY. 109 section 10, article 1, of the Constitution of the United States; and also to the issue of unauthorized currency by various corporations in the South, and the necessity of legislation to prevent this abuse. The issue of such unauthorized currency is increasing in various directions. Railroad corporations jn the Southern States have been issuing, for some years past, notes for circulation, of different denominations, many of which are similar to the following: $10. CENTRAL RAILROAD BANK. SAVANNAH, GA. : FARE-TICKET. X. Good for the fare of two passengers one hunclred and twenty-five miles. The Central Railroad and Banking Company of Georgia. Savannah, Dec. 1, 1871. , Superintendent. President. • I am informed that these issues are redeemed bythe railroad company, and that quite extensive arrangements are being made by manufacturing companies and corporations to issue similar devices. Such circulation is also being issued by the mining corporations of Lake Superior, and by " Zioii's Commercial Co-operative Institution" in Salt Lake City. Similar issues are also made for circulation in the State of Maine, which purport to be drawn on (or by) parties residing at Saint Stephen, New Brunswick. Issues of this character will be likely to increase in the present anomalous condition of the currency, unless Congress shall legislate them out of existence by inflicting such penalties, or assessing such taxes, as will deter the corporations in question from engaging in such illegitimate practices. A carefully prepared bill to remedy this evil was submitted to Congress during its last session, and its passage is urgently recommended. SPECIAL DEPOSITS. The abuses arising from the receiving by the national banks of what are termed "special deposits," are growing more and more numerous. The common law classifies the duties of bailee as follows : He is bound to extraordinary diligence in those contracts for bailments where he alone receives benefit, as in the case bf loans 5 he must observe ordinary diligence in tliose bailments which are beneficial to both parties, and is responsible for gross negligence in those bailments which are only for the benefit of the bailor. Special deposits which are received on deposit from the dealer of a bank are almost entirely of the latter class. Such deposits consist chiefly of bonds in packages or in tin trunks, which are deposited in the vaults of the bank for safe-keeping, by those persons who are accustomed to make deposits and transact other business with the bank. The bank would prefer to decline such deposits, but the custom having been long established, they dislike to refuse. In the case of the Ocean National Bank, seven different, suits have arisen, each of which presents different questions, and all of which it is thought will be carried to the highest court, thus inflicting protracted litigation at the expense of the creditors or the shareholders of the bank, which could easily.have been avoided had the national currency act contained a specific provision in reference to such deposits. The robbery of the Ocean National Bank took place previous to its suspension, and by that robbery its own bonds, as well as those of its correspondents, were stolen, and the bank therefore exercised the same prudence.in caring for the deposits of its dealers as fbr its own. But if it can be shown that the bank did not exercise the greatest degree of diligence in the protection of its own property, a jucy will in most cases find a verdict involving, not only the loss of the assets of the corporation, but also the property of its 110 REPORT ON T H E FINANCES. dealers, which has been left entirely for the convenience of the depositor, and not for the profit or benefit of the bank. Similar litigation is likely to arise in the settlement of the affairs of all insolvent national banks. In the large cities there is no necessity, since the establishment of safe-deposit companies, fbr the deposit of such packages with the banks; and it would relieve the banks of the cities from a burden were a law passed prohibiting the receipt by them of such deposits. Country banks cannot, however, witliout some provision of law, relieve themselves from the duty of receiving such deposits, and I recommend, therefore, the passage of an act, which shall provide that " n o national bank shall be liable to make good any deficiency which may hereafter arise in any special deposit made with any national bank, unless a receipt shall be produced by the owner of such deposit, in which the liability of the bank shall be distinctly stated.^' Such an act can work no injustice, for the depositor will take good care, at the time of leaving the deposit, to obtain a receipt from the bank which shall explicitly state the liability; and if he choose to make a special deposit Avithout such acknowledgment, he will do so, understanding at the time that the deposit is placed in the bank solely at his own option, for his own convenience, and at his own risk. MUTILATED CURRENCY. The following table exhibits the number and amount of national bank notes, of each denomination, which have been issued and redeemed since the organization of the system, and the number and amount outstanding November 1,1873: Number. Amount. Denomination. Issued. 1 2 5 10 20 50 100 500 1,000 15, 524 189 5,195, 111 34, 894 456 12, 560 399 3, 608 219 559 722 416 590 16 496 5,148 Redeemed. 9,891,606 3,120 723 . 9,141 963 2, 573 070 653 671 168 976 144 057 9 658 4, 530 Outstanding. • 5, 632 2, 074 25, 752 9, 987 2, 955 390 272 6 Issued. 583 $15, 524,189 00 388 10, 390, 222 00 493 174, 472, 280 00 329 12.5, 603, 990 00 72,164, .380 00 148 746 27, 986,100 00 41, 659, 000 00 533 8, 248, 000 00 838 5,148, 000 00 618 25, 707, 654 47, 072, 676 72,780, 330 D e d u c t fc r f r a g m e n t s oi n o t e s l o s t o r (l e s t r o y e d A d d for t r a g m e n t s of nc t e s lost or des1broyed 481,196,161 00 Eedeemed. Outstanding. | 9 , 891, 606 00 6,241,446 00 45, 709, 815 00 25; 730, 700 00 13, 061, 420 00 8, 448, 800 00 14, 405, 700 00 4, 829, 000 00 4, 530, 000 00 $5, 632, .583 00 4,148, 776 00 123, 762, 465 00 99, 873, 290 00 59,102, 960 00 19, 537, 300 00 27, 253, 300 00 3,419,000 00 618, 000 00 132, 848, 487 00 3, 275 30. 348, 347, 674 00 3, 275 30 132, 845,211 70 348, 350, 949 30 NOTE.—Amount of gold notes outstanding not included in the above, $2,030,000. From the organization of the system, in 1863, to November 1, 1873, $132,845,211, or more than one-third of the whole amount outstanding, has been returned to the Treasury for destruction, as follows : Previous to Novemher 1,1865-.'. $1^5,490 During the year euding Octoher 31,1866 1,050,382 During the year ending Octoher 31, 1867 3,401,423 During the year endiiig October 31, 1868 4,60.2,825 During the year ending October 31,1869 8,603,729 During the year ending October 31,1870 14,305,689 During the year euding October 31,1871 24,344,047 During the yearending October 31,1872 30,211,720 During the year ending October 31,1873 36, 433,171 Additional amount of notes of hanks in liquidation destroyed by the Treasurer of the United S t a t e s . . . . i .9,716,735 Total amount destroyed - 132,845,211 COMPTROLLER OF THE CURRENCY. Ill During the past year $36,433,171 of national bank notes have been returned to the Treasury for destruction, which is more than one-tenth of the whole amount of circulation. The amount of legal-tender notes and the amount of national bank notes in circulation are about equal. The whole issue of the national bank notes is, however, continually in circulation, while more than onethird of the legal-tender notes is held permanently by the national banks as reserve. The national bank notes are redeemable only by the banks issuing them, or at their redeeming agencies, while the legaltender notes are all redeemable at the Treasury of the United States. If the national banks are not in as good condition as the legal-tender notes, the reason is evident. But if the bank notes should be carefally assorted by the different treasurers, assistant treasurers, and depositories of the United States,.and transmitted to the redeeming agencies in the city of New York, where more than two-thirds of the national bank notes are redeemable, the worn and mutilated notes would soon be replaced by new notes issued from this office. Section-39 of the act provides that no association shall "pay or put in circulation the notes of any bank or banking association which shall not at any such time be receivable at par on deposit and in payment of debts by the association so paying out or circulating such notes; nor shall it knowingly pay out or put in circulation any notes issued by any bank or banking,association which at the time of such paying out or putting in circulation is not redeeming its circulating notes in lawful money of the United States." I recommend that the return of* such notes to the Treasury for redemption be authorized at the expense of the United States, the amount necessary for this purpose to be appropriated from the tax on circulation already paid by the banks* The effect of such an authorization will be to return to the Treasury the outstanding notes of all banks which have fhiled and are in liquidation, amounting to $5,246,938, .which maybe issued thereafter to the States which have less than their proportion. The Comptroller has received many letters from officers of national banks, suggesting that a division be organized in his office for the assorting and redemption of the mutilated currency of the national banks, the expense to be borne pro rata., by the banks whose notes are transmitted to this office for that purpose. The Comptroller will willingly undertake the work of purifying the bank currency now in circulation, if the proper force shall be placed at his command, and will endeavor to re-imburse to the Treasury the expense thereof by assessment upon such national banks as shall avail themselves of the privilege. The present arrangement for burning notes to ashes, as required by section 24 of the act, is very unsatisfactory, the law having evidently contemplated that the burning should take place in the Treasury building. I recommend that an appropriation be made to test by experts the practicability of, and to authorize the purchase of suitable machinery fbr, grinding to pieces mutilated notes, thus utilizing the paper material now lost, amounting in value to thousands of dollars annually. ^ NEW NATIONAL BANK NOTES. The " act making appropriations for sundry civil expenses of Government for the fiscal year ending June 30, 1874," contained the following provision: • For replacing the worn and mutilated circulating notes of national banking associations, and for engraving and preparing, in such manner aud on such paper and of such 112 REPORT ON T H E FINANCES. form and design as the Secretary pf the Treasury raay prescrihe, new circulating notes for such associations to rephice notes of a design and denomination now successfully counterfeited, six hundred thousand dollars: 'Frovided, That each of said national banking associations shall re-imburse the Treasury the costs of the circulating notes furnished under this provision. Section 41 of the currency act provided that the plates and special dies to be prepared by the Comptroller of the Currency for the printing of such circulating notes, shall be under his control and direction, " and the expenses necessarily incurred in executing the provision of this act respecting the procuring of such notes, and all other expenses of the Bureau, shall be paid out of the proceeds of the taxes or duties now pr hereafter to be assessed on the circulation, and collected from associations organized under this act." The tax to which reference is made is a semi-annual tax of one-half of one per cent., required to be paid to the Treasurer ofthe United States, semi-annually, in the months of January and July 5 and, under this provision, $22,460,332 have been collected and paid into the Treasury since the organization ofthe system,.avS provided by law. The section of the appropriation bill referred to was passed without report from any committee, and no recommendation was ever made by the Treasury Department tor the authorization of a new issue of national bank notes at the expense of the national banks. The en• graving of the new notes will involve an expense of more than $1,000,000; and if new notes are to be issued in place of those already issued, the expense will amount probably to notless than $2,000,000. The national banks maintain that the expense of the new issue should be paid out of the taxes already exacted; ahd they insist that there is no necessity for the issue of a new set of notes at the present time; and that if the G-overnment shall decide upon such an issue, the expense should be defrayed, not by themselves, but from the tax already collected, as provided by section 41 of the act. An additional reason Avhy the expense of printing new notes for the banks should be borne by the Government is that the Government receives the benefit of all* lost and worn-out notes not finally returned for redemption, and the amount to be finally realized from this source alone is estimated to be much greater than the amount required to be expended'in the replacing of worn-out notes. The following extract from a letter of a well-known Boston, cashier, who has had great experience as secretary of the association of banks for the suppression of counterfeiting, expresses the sentiments of the national banks in reference to the proposed issue of new notes : There has heen no counterfeit on any of the notes of this hank to my knowledge; and the amount of counterfeit uotes of other banks presented to this bank for redemption or exauiination, say for the past year, has been very small. I should no't estimate it at more than $250. In fact the amount reported from all sections .of the country would not seem to warrant, in any degree, the legislation hy Cougress—act of March 3, 1873—authorizing new plates for national hank circulation at the expense of said institutions. So far as my knovrledge extends, there is a universal feeling against a new issue of national hank circulation. My opinion is that it is a mistaken policy to engrave a new set of plates for hank notes. TJie present issue has been so little tampered with that only two or three plates of individual banks have been at all successfully counterfeited, and those plates are well known, and have already done, all the harm they can do, as the public has hecome well educated as to the genuineness of the present national hank circulation. Now, if a new issue is made, the i)iihlic have got to be educated as to the genuineness of the new issue, Avhich will take a long time, and then keep posted on two sets of plates instead of one ; and my, belief still further is that the new plates will be the first t o b e counterfeited,-hecause the least known, and then the policy about t o b e adopted would require you to immediately'issue a third set of plates, and so on. As secretary of the " Association of Bauks for the Suppression of Counterfeiting," my experience of tw^euty years, iu causing the detection and conviction of parties for the COMPTROLLER OF THE CURRENCY. 113 crime ot counterfeiting bank uotes, Avould lead me to say, without auy hesitation, that the best policy for the Governmeut to pursue would be to protect the present issue to the hest of its ability, in preference to making any new one. I hope, therefore, that Congress will repeal the act of March last. I recommend that the section in the appropriation bill referred to be repealed, or so amended as to provide that the expense of such notes shall be paid by the Government. The appropriation for the issue of new notes would not result, as is supposed, in the issue of new notes in place of the worn-out and mutilated notes now in circulation, for the reason that such notes must be returned to the Treasury by the banks themselves for destruction, and the notes would not be likely to be so returned if the expense for engraving and printing were to be borne by the banks, instead of being paid out of the taxes already collected and appropriated for that purpose. Previous to the organization of*the national banking system, counterfeit bank notes of more than three thousand different designs were in circulation. These notes were retired and the national bank notes issued in their place, and during the last ten years the notes of but thirty-seven banks, located in but nine States ofthe Union, have been counterfeited, and only forty-three X)l{ites, ofthe whole six thousand plates which have been engraved, have been counterfeited. The correct policy is undoubtedly to prevent the counterfeiting of the notes now iu circulation, instead of introducing new notes upon which the counterfeiter may practice his a r t ; and correspondence with all the banks whose notes have been counterfeited shows that, so far from counterfeiting being on' the increase during the last two or three years, the number of notes counterfeited has sensibly diminished. A method, both simple and practicable, exists, by which the issue of ^ such counterfeit notes can be readily prevented, and that is by the withdrawal from circulation of such denominations of the genuine notes of national banks as have been , counterfeited. Counterfeit two-dollar notes have appeared upon only ten banks, aijd the whole amount of genuine notes issued to these banks is but $60,000. Counterfeit twentydollar notes upon only eleven different national banks have appeared; and the whole amountof genuine twenty-dollar, notes issued to these banks is, say, $800,000. It is plain that, if an appropriation be made,' to be paid from the tax on circulation already collected from the banks, sufficient to offer a premumof one-half of one percent, upon these notes when presented to the Treasury for redemption,, most o f t h e genuine notes would soon be retired, afterwhich all genuine notes (except when presented to the Treasury or to the bank issuing them for redemption) would be refused along with the counterfeits. No additional notes of these denominations would thereafter be issued to the banks upon which counterfeits are known to exist. The Comptroller is confident that an appropriation of, say, $10,000 would withdraw from circulation all the genuine issues which have beeq coun terfcited, an dth at an annual appropriation of $1,000 thereafter would be sufficient to prevent the abuse. EXAMINATIONS. ' During the recent panic the Comptroller has endeavored to obtain, as far as possible, examinations of all national banks which have been considered in a weak or insolvent condition, °and he. desires to return his thanks to the efficient corps of examiners who have made prompt ex-' aminations and returns to him of the condition of such banks in all parts of the»country. It is not to be supposed that the short time usually spent in the examination of a national bank will be sufficient, 8F 114 REPORT'ON THE FINANCES. in all cases, to detect bad management or defalcations. If the directors of national banks, to w^hom are confided the interests of shareholders,neglect their duties, it is not to be expected that an examiner shall, in a single day, detect and correct the abuses of a year. A number of days is required for the thorough examination of a national bank of any considerable business, and if it is expected that the reports to this office shall .detect and expose defalcations, and other violations of law, the means should be provided for defraying the expenses of more frequent and thorough examinations. The necessary expense can be levied and collected from the .banks, if they shall be found delinquent; but if, upon examination, it shall be found that the investigation was unnecessary, then the expense should be paid out of a lund to be placed at the disposal of the Comptroller for that j)urpose. AMENDMENTS. Carefully-prepared bills were in possession of the proper committees during the last session of Congress,, providing, (1) forthe consolidation of national banks; (2) defining the duties of receivers; (3) providing fpr the organization of national banks without circulation, upon the" deposit of ten thousand dollars of bonds with the Treasurer of the United States, instead of the deposit of oiie-thirdof the capital, as now required; (4) for the repeal of section 4 of the act of June 17, 1870, providing for " the organization of savings-banks in the District of Columbia; (5) for the prevention of the issue of unauthorized currency; (6) prohibiting the deposit of more than ten per cent, of the capital Avith any private banker, or any person or association other than a national banking association ; (7) requiiing the word "counterfeit,'^ or "altered," or "illegal," to be stamped on all counterfeit or unauthorized issues. A recommendation was also made for the issue-of Government securities, bearing a low rate of interest, to be held by the national banks as part of their reserve, and for a provision of law requiring a larger proportion of cash to be kept on hand; and the attention of Congress is specially called to the necessity of prompt legislation upon these several subjects, for the proper consideration of which it is to be regretted that the brevity of the session did not afford sufficient time. THE OFFICE. The recent panic has required from the Comptroller unusual and exhausting duties, and if he has been in any measure successful in fulfilling these duties, he is in a large measure indebted to the employ6s of the office for a faithful performance of duty. In other offices in the Treasury Department, compensation in addition to the salaries provided by law is given. This adclitional compensation is, to a great extent, merited, and the busiuess of the Department, could not be properly and efficient!}^'conducted without it. Many of the employes of this office, however, perform far greater labor and have much greater responsibility in the examination of reports, the preparation of letters, and the counting.and return of large amounts of money, than others who receive additional compensation ; and the Comptroller therefore recommends that additional compensation be appropriated, for distribution to those employes who render the most efficient and responsible service. Such an appropriation will have the effect to promote and encourage industry and efficiency in the public service, and will be in consonance with the. spirit of the civil service recommended by the President. COMPTROLLER OF THE CURRENCY, 115 . The library of the Comptroller is very deficient in works on political economy and banking, and he recommends that an annual appropria-. tion be provided, out of which books on finance and^ of reference upon financial subjects may be purchased. THE APPENDIX. ' Special attention is called to the carefully-prepared tables contained in the appendix, exhibiting the aggregate resources and liabilities'of all the national banks, yearly, for the last eleven years; showing their condition duringthe present year, for five different periods, arranged by States and redemption cities, and separate statements of every bank of the Union upon the twelfth day of September ultimo;^ also exhibiting the different kinds of funds held as reserve; also showing for twentyseven different dates, during the years 1868-'73, the percentage of reserve to circulation and deposits of the national banks in each of the redemption cities; the dividends and earnings of the national banks, by States and cities, semi-annually, from March 1,1869, to September 1,1873 ; also exhibiting, by States and redemption cities, the ratios, of dividends to capital, dividends to capital and surplus, and earnings to capital and surplus of the national banks,' semi-annually, from March 1, 1869, to September 1, 1873; together with lists of insolvent banks, and banks which have gone into voluntary liquidation, and the amounts and different kinds of United States bonds deposited with the Treasurer as security for circulating notes. The appendix also contains tables arranged by States and redemption cities, together wdth the aggregates, compiled . from special reports of the national banks' on October 13, the day on which the banks of the city of New York held the smallest amount of legal-tender notes during the late crisis, and on November 1, the day on which these banks resumed currency payments; also a statement exhibiting in detail the average amount of loans, circulation, deposits, specie, ^and legal-tender notes of each of the associated banks of New York City for the week ending September 20, and the aggregates tor the week ending November 22; also statementof the condition of the State banks'and savings-banks, organized under the laws of the diff'erent • States of the Union, so far as they could be obtained from official sources. A table of contents will be found on the succeeding page. JOHN JAY KNOX, Gomptroller of the Currency, Hon. JAMES G . BLAINE, " Spealcer of the House of Bepresentatives,, . . . APPENDICES, Page. I. Dividends and earuings of the national hanks (s'emi-aDuual) for the year .ending September 1, 1873, arranged by States and redemx3tion cities -.. II. Exhihit, by vStates and redemption cities, of the ratios of dividends to capital, dividends to ca,pital and surplus, aud earnings to capital and surplus of the national banks, semi-annually, from March 1,1869, • to Septemher 1, 1873 .. III. Reserves of the national barfks, at five different dates, since Octoher 3,1872, arranged hy States and redemption cities ^ . IV. Circulation, deposits, and reserve of the national hanks, for 1868-^73, at twenty-seven different dates V. Exhibit of the percentage, of reserve to circulation and deposits of the national'hanks, for twenty-seven different dates, during the years 1868 to 1873, inclusive, in each ofthe States and redemption cities.. VI. Ahstract of special reports of the national hanks on October 13, and November 1,.1873, arranged hy States and redemption cities ..... VII. Statistics of savings-hanks derived fi'om official sources VIII. Statistics of State banks derived from official sources IX. Amount and kinds of United States bonds held by the Treasurer as security for the redemption of circulating notes X. .Clearing-House retui-ns of the banks of New York City for the weeks ending September 20 and November 22,1873 XI. Aggregate number of notes issued, redeemed and outstanding, yearly, to November 1,1873 i^ ' XII. National hanks, in the hands of receivers, with their capital, outstanding circulation, &c ...• '. XIII. Insolvent banks, with date of appointment of receiver, amount of claims proved, and dividends paid, &c .'. XIV. National banksin voluntary liquidation, with their capital, circulation, &c XV. National hanks involuntary liquidauon for the purpose of consolidating with other hanks , XVL Names and compensation of officer.s and clerks , XVII. Expenditures of the office for the fiscal year ending .June 30,1873 118 120 122 132 134 136 147 148 149 150 152 153 154 ' . 155 157 158 159 118 REPORT .ON THE- FINANCES. -Tahle of the dividends and earnings of thenatlonal hanlcs, with their raiio^ to capital, and '} capital and surplus-fund, for the sijc months from Septemher 1, 1872, to March 1, 1873. Patios. Statc^s, Terr.i.toric,s, a n d cities. ' Capital stock. Surplus. Dividends. N e t earnings. fe •£. ^' s Maii.u-i NCAV I-Iaiiipsbire A"'^ermoi»t Massaclmsetts Boston irtiode I s l a n d 'Oonnecticufc N e w Yorlc N e w York City. Albany .'.. NCAV J e r s e y Pennsylvania Philadelphia Pittsburgh Delaware Maryland .Baltimore D i s t r i c t of C o l n m b i a AVashington . . ^ . Virginia W e s t Virginia N o r t l i Carolina South Carolina Georgia Alabama NcAS' O r l e a n s Texas A r k a n s a s .• Kentucky Lonis\ill'e Tennessee Ohio Cincinnati Cleveland Indiana Illinois Chicago Michigan Detroit Wisconsin Milwaukee Towa • Minnesota Missouii Saint Louis K a n sas Nebraska Oregon . .• C alii "ornia San P r a n c i s c o . . . Colorado Utah N e w Mexico AVyoming Idabo Montana Total 61 4'i 41 162 47 62 80 227 50 7 60 157 29 16 11 19 14 1 3 24 17 10 9 11 7 8 5 2 28 21 148 5 6 85 113 19 69 3 '38 4 69 29 28 8 24 9 1 1 %S), 125, 000 5, 035, 000 7, 712, 71.2 39, 872, 000 48, 300, 000 20, 464, 800 25,149, 720 35, 989, 691 71,285,-000 2, 650, 000 13, 440, 350 27,195, 240 16, 735, 000 9, 000, 000 1, 528,185 2, 398, 218 11,241.985 252i 000 1, 200, 000 3, 835, 000 2, 596, 000 1, 975, 000 3, 000, 000 2, 625, 000 1,362,515 4, :-!50, 000 725, 000 205, 000 5, 726, 000 1, 879, 556 3,049,-716 19,148, 830 4, 000, 00.0 3, 700, 000 16,177, 800 10, 948, 000 8, 750, 000 7, 275, 000 1, 750, 000 2, 555, 000 750, 000 5, 992, 000 3, 300, 000 2, 585, 000 6, 860, 300 1, 643, 065 750, 000 250, 000 300, 000 2, 500, 000 .575, 000 250, 000 150, 000 75, 000 100, 000 300, 000 %i, 829, 023 907, 787 1, 345, 672 11, 764, 647 11,412,845 3,196, 715 6,401,631 7, 840, 725 21,182, 849 1,.250, 000 3, 443, 742 6, 670, 671 6, 916,170 2, 595, 433 403,127 477, 430 2,170,352 26, 000 327, 000 518, 095 338,131 122, 956 307, 084 390, 429 93, 458 265,112 119, 408 20, 000 .503, 869 148, 716 • 380, 524 3, 962, 297 820, 000 519, 826 4, 039, 460 2, 555, 585 2, 355, 000 1, 530, 321 625, OOD 580, 672 235, 983 1,134, 436 .500, 884 394, 470 937,142 . 179,595 125,100 50, 000 8,000 100, 000 91, 500 84, 596 8, 506 13, 300 30, 000 480,518,683 114,257,283 ' Loss. S500, 755 238, 092 304, 636 2,183, 000 2, 336, 000 910, 622 1, 355, 237 1, 830, 703 3, 397, 260 143, 000 718, 002 1, 360, 783 975, 930 498, 000 78, 084 125, 319 568, 925 10, 080 60, 000 184, 375 137, 920 104, 750 126,939 139, .500 ,58, 111 229, 500 81, 500 281, 425 96, 273 172, 386 1, 094, 245 198, 000 182, 000 1, 049, 592 614, 984 360„000 451. 597 102; 500 140, 390 44, .500 316,117 153,900 154,118 246, 361 110, 971 .51, 399 15, 000 1.5, 000 14.5, 000 26, 000 10, 500 1.5, 000 11,778 65 F e r ct P e r ct. $633, 499 5. 49 4.57 31.9,477 4.73 4.01 .526,110 4.73 4.03 2, 963, 256 5.48 4.23 2, 923, 847 4.94 4.00 1, 278, 563 4.45 3.85 1, 679, ,590 5. 39 4.30 2, 250, 707 5.09 4.18 3, 944, 983 4.77 3.67 222, 297 5.40 3.67 912, 915 5. 34 4.25 1, 781,134 5.02 4.03 1, 095, 087 5. 83 4.13 512, 236 5. 53 4.30 94, 740 .5.11 4.04 141, 888 5.23 4.36 576,536 .5. 06 4.24 16,145 4. 00 3. 63 . 94, 0.50 5.00 3. 93 300, 638 4. 80 4. 24 159, 476 5.31 4. 70 137, 076 .5.30 4.99 201, 093 4.23 3.84200, 329 .5. 31 4. 63 76, 088 4. 26 3.99 291, 499 5.26 4.97 90, 761 11. 24 9.65 9, 775 362, 296 4.91 4. 52 118, 505 5.12 4.75 222, 644 .5. 65 5.03 1, 371, 670 5.71 4.73 279, 743 4.95 4.11 280, 588 4.92 4.31 943, 268 6.49 5.19 909, 744 5.62 4. 55 926, 714 4.11 3.24 586. 373 6.21 5.13 148, 448 5.86 4.32 214, IIP 5.49 4.48 62, 334 .5.93 4.51 457, 950 .5. 28 4.44 291, 411 4.66 4.05 256, 581 5.96 5.17 301, 791 3.59 3.10 154, 753 6.75 6.09 93, 372 6.85 5.87 52, 336 6.00 .5.00 23, 869 5.00 4.87 • 2.57,795 5.80 5.58 96, 468 4.52 3.90 7,245 13, 751 7.00 6.62 *4, 717 19, 048 15. 00 13.24 44, 587 3. 93 3. .57 24, 826, 061 31,926,478 COMPTKOLLER OF T H E 119 CURRENX'Y. I.—Table of the dividends and earnings of thenatlonal hanlcs, with their ratios to capital, and to capital and surplus-fund, for the six months from M'arch 1,1873, to Septemher 1, 1873. Eatios. Capital stock. t a l e s , TerritoriCvS, and cities. Maine New Hampshire Vermont '... Massachusetts Bostou Rhode Island Connecticut NewYork ,.. N e w Y o r k City .. Albany New Jersey Pennsylvania . .. Philadelphia Pittsburgh Delaware Maryland Baltimore D i s t r i c t of C o l u m b i a . Washington Virginia West Virginia North Carolina... South C a r o l i u a . . . . . . . Georgia Alabama Ne^v Orleans Texas Arkansas ..: Kentucky Louisville Tennessee Obio Cincinnati Cleveland Indiana Illinois Chicago Micbigan Detroit Wisconsin Milwaukee Iowa Minnesota Mis.souri Saint Louis Kansas" Nebraska Oregon California San P r a n c i s c o Colorado Utah : N e w Mexico Wyoming Idaho Dakota Montana ;.. .Tctal-s . 61 42 40 163 48 62 80 222 49 7 61 158 29 16 11 19 14 1 4 24 17 10 12 13 9 9 •6 2 30 6 23 154 5 6 90 114 20 73 3 . 39 4 75 31 29 S arp] U.S. $9,12.5, 000 $1,878,819 135, 000 913, 404 762, 712 1, 460, .569 262, 000 11,978,230 900, 000 11,787,314 504, 800 3, 535, 399 325, 320 6, 750,1.50 499, 691 7, 925,445 985, 000 20, 027, 372 650, 000 1, 285, 000 683, 350 3, 516, 696 660, 580 7, 019, 439 93.5, 000 7, 064, 979 000, 000 2, 9.50, 741 .528,185 422, 374 398, 218 499, 877 241, 985 2,327,168 252, 000 28, 000 400, 000 364, 000 035, 000 • 573, 258 566, 000 357, 014 148, 933 975, 000 338; 547 146, 000 777,730 • 41.9, 478 529, 300 115, 655 850, 000 297,199 775, 000 184, 531 205, 000 21, 375 976, 000 581, 782 187, 700 106, 204 236, 800 396, 631 911,000 4, 2.30, 521 000, 000 875, 000 000, 000 509, 717 247, 000 4,187, 512 218, 000 2, 698, 492 950, 000 2, 807, .500 874, 280 1, 653, 680 900, 000 670, 000 690,000 059, 500 750, 000 267, 261 9.52, 000 1, 228, 528 8.50, 000 614, 006 635, 000 4.59, 841 860, 300 963, .536 755, 000 255, 511 850, 000 159. 700 250, 000 50; 000 600, 000 11, 000 .500, 000' 135, 000 575, 000 155, 500 500, 000 4.5, 998 300, 000 13, 376 75, 000 100, 000 14, 500 50, iiOO 1,000 20, 000 46,586 ,;i,955 488,100,951 !ll6,113, ' Loss. Dividends. N e t earnings. Perct. |501, 5.55 $625, 589 5. 50 222, 900 164, 322 4.34 408,136 490,166 5. 26 2,168, 800 2, 924, 066 5.39 2, 387, 500 '2,9.36,811 4.88 922,322 1, 277, 475 4.50 1, 330, 475 1, 685, 307 5. 25 1, 646, 694 2,182, 476 4.64 3, 354, 800 4, 637, 057 4.73 131, 000 184, 989 4.94 735, 367 870, 582 5.37 1, 384, 980 1, 841, 315 5.19 983, 250 1,127, 495 5.81 503, 000 658, 449 .5. 59 78, 059 91, 402 5.11 120, .369 163, 773 .5.02 562, 593 679, 048 5.00 10, 080 16, 570 4.00 65, 000 112,175 4. 65 163, 875 295, 242 4.06 138,210 150, 7.39 .5.39 108, 000 142,160 .5.47 151, 500 19.5, 832 4.81 143, 500 251, 806 5.17 7.5, 965 ,141,695 4.97 162, 750 218, 285 3:36 30, 000 107,106 3.87 0, 875 6, 553 3.35 281, 375 376, 525 4.71 . 97, .500 12.5, 654 4.46 184, 496 • 234,428 .5.70 1,115, .353 1, 371, 007 5. 60 222, 000 293, 209 .5.55 189, 500 252, 457 4.74 897, 563 1, 259, 586 5.20 092, 379 927, 089 6.17 455, 000 935, 832 .5.08 431, .300 641, 608 5.48 10.5, 000 175, 028 .5. 53 141, 583 226, 347 5.26 44, 500 75, 619 5. 93 330, 800 444, 207 5. 56 250,100 275, 205 6.50 154, 750 277, 040 .5.87 271, 861 354, 212 3. 96 86, 832 161,119 4. 95 83, 082 8.5, 512 9.77 15, 000 40,158 6.00 18, 000 29. 447 3.00 135, 000 177i "'^9 5.04 16, 000 81, 401 2.78 75, 000 58, 505 15.00 50 19, 500 24, 370 *798 12, 000 . 10,917 12.00 1,028 28, 954 24, 823, 029' 33,122, 000 5.09 Ferct. 4.563.69 4. 43 4.15 3. ,93 3.84 4.15 3. 79 3.69 3. 33 4. 28 ^4.11 4.09 4.21 4.00 4.15 4.15 3.60 .3.68 3.56 4.73 .5.08 4. 35 4.49 4.62 3.16 3.13 3.04 4.29 4.14 5.08 4.62 4. 55 4.15 4.19 4.98 3.87 4.53 4.09 4.23 4. .37 4. 61 .5. 60 .5.00 3.47 4. 32 8. 23 5.00 2.95 .5.12 2.19 13. 74 6.22 Perct. 5.69 2.72 5.31 5.60 4.84 5.31 5. 25 5.03 5. 09 4. 70 5.06 "5.47 4.70 5.51 4.70 5.65 .5. 00 5.92 6.36 6. 41 .5.16 6. 69 5.62 7.88 8.61 4.24 11.10 2. 8!) 5.74 5. 34 6. 45 .5. 68 6.01 ,5. 52 ,5.88 6.66 7.96 6.73 6.81 6.76 . 7. 43 6.19 6.16 8. 95 4. 52 8.01 8.47 13. 39 4.82 6.75. 11.14 10.72 7.78 10. 48 9. 53 2.02 11. 74 120 REPORT ON THE FINANCES, IL—Tahle exhihiting, hy States and redemption cities, the ratios of dividends to capital, and the P a t i o s of d i v i d e n d s to capital, for six m o n t h s ending S t at es, T eri -i tories, an.d cities. 1S69 1870 1S72 lS7i 1873 I P a t i o s of d i v i d e n d s ilS69 1S7® i Sept. M a r . Sept. M a r . Sept. M a r . Sept. M a r . Sept. I Sept. M a r . Sept. 1. 1. 1. 1. 1. 1. 1. 1. 1. 1. i 1. i. Maine New Hampshire 3 Vermont,...'. 4 Massachusetts ...^... Boston 5 6 P h o d e Island 7 Connecticut 8 New York 9 New York City.. 10 Albany 11 N e w J e r s e y 12 P e n n s y l v a n i a 13 Philadelphia... . 14 Pittsburgh 15 D e l a w a r e 1( M a r y l a n d 1" Bfiltimore 18 D i s t r i c t of C o l u m b i a . ic Wasliington . . . . 20 V i r g i n i a 21 W e s t " V i r g i n i a . . . ' . . . 2'« N o r t h C a r o l i n a 23 S o u t h Carolina 24 G e o r g i a 25 A l a b a m a 26 NewOrleans... . 27 T e x a s . 28 Arkansa.s > 2^ K e n t u c k y ' 30 Louisville 31 T e n n e s s e e . 32 Ohio 33 Cincinnati 34 Cleveland 3" 3f I n d i a n a Illinois 37 Chicago 38 39 M i c h i g a n Detroit 1.. . -40 41 W i s c o n s i n Milwaukee . 42 43 I o w a 44 M i n n e s o t a . . . ". 45-1 M i s s o u r i ' Saint Louis 46 " K a n s a s .' 47 Leavenwortli .. . 48 49 N e b r a s k a 50 Oregon 51 California Sau P r a n c i s c o . . . 52. 53 N e w M e x i c o • 54 Colorado 55 U t a h 56 W y o m i n g 57 I d a h o 58 M o n t a n a .". 59 N e v a d a Dakota Averages . \Ferct. 5.19 4.88 4.87 5.41 5.49 4. 4'1 4.99 4.90 5.16 5.32 5.70 5.55 6. 09 .5.51 5.70 5.61 5.40 F e r ct. 5.14 4.96 4.99 5.30 4.95 4.51 5.33 4.36 4.90 5.13 5.84 5.57 5.98 5.14 5.38 5.75 5.49 5. 5. 5.11 5. 50 5.20 5.04 7. 31 5. 65 5.81 13. .59 6.40 5.73 6.67 P e r ct. \Fer ci. 5.23 ,5.18 4.82 4.82 5.28 4.66 4.99 5.42 4.92 4.94 4.45 4.43 5.16 5.30 4.44 4.84 4. .59 4.71 5.32 .5.32 5. 39 5.62 5.58 5.35 5.79 4.90 5.16 5.15 .5.53 5.13 5.23 5.57 4.98 4.79 5. 4.90 5.05 4.15 5.53 5. 63 6.15 6.15 4.33 13.81 5. 4.75 5.29 4.27 6. 9.34 4.75 6.15 L90 P e r ct. 5.13 4.68 4. 76 5.29 4.81 4.31 5.20 4.44 4.66 4.94 .5.12 5.23 5.70 5. 36 5.12 5.20 4.70 P e r ct ,5.07 4.80 4.84 5. 45 4.73 4.39 ,5.25 4.70 4.89 4.15 .5.74 5. 36 5.74 5.41 5.12 ,5.16 5.09 5. 4.34 4.18 4.44 5.43 5.33 5.60 ,5.21 5.92 2.62 4. 61 5. 44 6. 5.40 4.88 3.41 5.64 4.38 5.24 5.16 4.99 5.03 4.63 4.19 5.32 5.60 5.32 .5.05 11. 5.37 7.86 10. 32 5.92 8.65 5.62 ,5.82 5.83 5.13 4.79 5.75 5.63 5.82 6.41 5.69 5.71 4.86 5.43 4.95 5.72 5.65 3.82 2.97 3.88 4.19 5. .58 5.41 5.21 6.06 5.58 5.37 6.96 6.26 6.59 6. 29 6.07 5. 71 6.33 3.21 2.75 4.80 .5.05 7.40 6.10 5.68 6.13 .5.08 '6.'47' 5. 5. 4.57 5. 5. 5.29 6. 50 6.19 .5.94 9. 83 4.12 4. 94 5.09 4.35 4.60 5. 31 4.60 4.87 7.96 6.43 5.38 5.80 5.12 4.76 6.89 7.02 5.49 8.11 6. 91 5.25 6.22 5. 25 6.28 17.27 5:33 5.24 5.11 4. 27 3.71 3.14 3. 29 3.20 5.41 6. 45 7.59 6.16 .5.63 4.65 |22. 40 8. 10. 5. 10. 6.25 6.25 7.08 7.14 4. 15. 4; 6. i.57 0.83. 7. 2.50 50. F e r ct P e r c t P e r ct'\ Fer ct 5. 23 5.49 5.50 4.53 4.64 4. 73 4.34 4.36 4.39 4. 7 3 • 5.26 5.48 5.39 4.43 4.94 4.88 4.53 4.45 4.50 4.12 5.29 5; 39 5.25 4.21 4.37 5.09 4.64 g 4.17 4.67 4.77 4. 73 I 4.14 5.74 5.40 4.94 ^ 3.89 5.40 5.34 5.37 4.69 5.21 .5.02 5.19 4.60 5.76 5.83 5. 81 4.40 5.32 5.53 5.59 4.44 5.06 5.11 5.11 4.66 5.28 5.23 .5.02 4.81 4.67 5.27 5.06 5. 4. 4. 4. 4. 6,^ 4.08 4.58 5. 4.66 4.80 4. Of 4.68 5.31 5.31 5.39 4.65 6.85 .5. 05 5.30 5.4' 5.10 4.23 4.81 5. 39 ,5. 34 5. 31 5.17 5.76 6.44 4.26 4.97 4.72 5. 53 5.28 3.3f 7. 68 11.24 3.87 5.90 3. 3.'4.91 4.71 4.83 5.12 4.46 4. 69 5. 65 5.70 6. 97 6. 5. 99 5.71 5.60 4.94 4.95 5. 5.' 5.17 ,5. 45 5.09 4.92 4.74 4. .56 6.49 5.88 .5.20 4.62 5.49 5.62 6.17 5. 52 5. 35 6. 21 4.11 6.12 6.21 .5. 48 5.97 5. • 5. 86 5.53 3.85 4.92 .5.49 5.26 ,5.18 5.93 5.93 4.46 lii. 14.13 5. 28 5.56 6.42 5.90 4.66 6.50 6.13 4.73 5.96 5.87 5.17 3.19 3. 59 3. 96 4.64 5.49 6.75 4.95 5.13 8.27 6., 61 6.85 9.77 i 6. 71 14.42 6. 6. 6. 3. 5.04 6. 50 „ 7. 7. 3.26 4.52 2. 78 I 1.5. 15. 12. 3.93 P e r ct. 4.45 4.40 4. 42 4.30 4.09 4.17 4.50^ 3.77 3.92 3.75 4.08 4.61 4.34 4.12 4.37 4.99 4.74 Perct 4.49 4.23 4.63 4.03 4.08 4. 06 4.31 3.77 3.65 3.87 4.42 4. .55 4.14 4.13 4. .56 4. .51 4.26 4.07 5.09 4.44 5.32 12.47 5.09 4.05 4.51 4.42 3.85 .5.07 5.02 5.84 .5.78 3.80 12. 62 4. 67 4.46 8.81 4.33 4. 83 4.71 4. 43.5.01 '% 20 4.83 4.32 5. 01 3. ,59 5.19 6.05 4.34 3.91 0.10 6.67 6.19 14. 29 4.43 4.62 .5.24 3.97 4.93 3.45 4.21 5.14 2.06 4.46 •4.10 4.76 3.76 4.32 4. 70 4.89 3.35 7.01 17. 22 3.58 4.67 2.37 14.68 2.92 1 5. 42 5.18 4.96 N O T E . — I n t h e a b o v e t a b l e t h e r e d e m p t i o n cities a r e n o t COMPTR0L.LE.R OF T.HE CURRENCY. 121 ratios of dividends and of earnings to capital and surp)lits, March 1,1869, to Septemher 1, 1873. to. c a p i t a l a n d sui l^lus, for s i x n i o n t h s end- K a t i o s of e a r n i n g s to cap ital an d surplus, foi six m onth.s ing— ending— ) 1S71 • Mar. 1. Per ct 4 43 4 19 4 09 4.33 •4.07 4. 03 4.38 -1.09 3.75 3. 37 4.58 4 34 4.20 4.10 4 21 4 75 4 08 3 872 Mar. Sept. 1. 1. Sept. 1. F e r ct Per ct 4 37 4. 28 4 03 4.14 4 17 4.21 4.19 4.30 3. 94 3. 86 3. 89 3.92 4.27 4.29 3.72 3. 92 3.70 3. 86 3.60 3. 02 4.16 4.63 4.24 4 33 4.06 4 09 4.22 4 24 4.16 4 12 4.40 4 36 3.99 4 34 • - • - - • • '"'4 4 4 3 5 8 4 5 1 04' 31 70 • 94 40 2258 69 75 3 98 3.72 4.19 5.03 4.78 5. 24 5. • 5.44 '2"12" 4 22 4 87 5 66 5 05 4 36 3 28 5 40 4 01 11873 1869 • 1870 M a r . Sept.' Sept. M a r . 1. 1. 1. 1. Sept. M a r . 1. 1. P e r c t Per ct F e r c t F e r c t F e r c t F e r c t 4.40 4 57 4.56 \ 6.08 6. 5.80 3.97 4.01 3 69 6.06 6.16 5.73 4.02 4.03 4.43 6.03 6 06 5. 60 4.24 4 23 4 15 6. 35 6.36 5.34 3.72 4 3 93 5. 73 5 13 5.16 3.86 3 85 1 3. 84 5.62 5 71 5 03 4.27 4 30 4 15 5. 53 5 84 5 25 3.64 4.18 3 79 5.83 5. 43 5.04 3. 67 3.67 3 69 5. 44 4.81 4. 23 3.92 3.67 3 33 • 6. 08 5.74 4.13 4.34 4.25 4 28 6. 30 6.13 5.88 4.17 4. 03 4 11 S 6.07 6.27 .5. 35 4.09 4.13 4 09 5. 29 5.10 4 67^ 4.14 4 30 4 21 j 5. 80 5.17 5 13 4.06 4. 04 4 1 .5. 40 4.78 5 30 4.46 4. 36 4 15' 1 0 43 6 46 5 87 4.46 4 24 4 15 1 5 92 '6 41 5 80 3.71 3 63 •3 60 I 3. 70 3 93 .3 68 i 4 78 '.5"i8" 4'35 4.24 4 24 3 56 1 6 45 6 82 6 39 4. 76 4. 70' 4 73 1 6. 47 5.86 5.66 4.83 4. 99 •- 5 03 |lO. 04 8.93 .5.46 4.1& 3.84 4 35 1 7. 76 9.82 8.75 4.74 4.63 4 49 1 7. 59 7.91 8.20 1. 69 6.18 3. 99 4 62 1 .5.34 4.97 3 16 7. 14 7.05 sh'i 6 87 16.49 6.99 9.65 3 13 3 04 '4.'49" ' 4 . 5 2 ' 4 29. 6 58 6'86 '6'93" 4.62 4 75 4 14 5.27 6 56 4 38 5 46 5 03 5 08 8 17 9 50 7 15 4 92 4 73 4 62 6 78 6 43 5 46 4 61 4 U 4 55 7 91 6 30 4 80 4.52 4.31 4 15 5. 6.85 3.88 4. 79 5.19 4 19 6.50 6.42 5.94 4.54 4. 55 4 98 7.98 7.90 6.70 5. ' 3 . 2 4 3 87 8. 25 .5.64 5.33 5 06 5.13 4 53 S. 7. 88 6.89 3 80 4.32 4 09 6. 27 6 80 5. 85 4 09 4.48 4 23 7.75 8.13 6.91 15 22 4 51 4 37 7.81 3 97 5 39 9 63 4.44 4 61 j 8. 96 7 80 .5.66 5 09 4 05 5 60 7. 68 8 • 6 15 4 18 5 17 5 8.58 9 73 9 39 2 84 3 16 3 47 1 5. 43 4 71 3 36 4 99 6 09 4 32 7. 82 9 08 8 08 [11.57 8.00 18. 50 .5" 93' '5.'87' 8 23 i l l . 47 7.79 5.89 5 14.42 9.80 13.90 5 83 5. 4.87 2 9 5 1 '4*95' 5. .58 5 12 6 87 6.62 6 22 o2 78. 3.90 2 19 a 36' i.'47 13 74 L42 1872 • 1871 Sept. M a r . 1. 1. F e r c t P e r c t P e r ct 5. 72 6.03 5.24 5. 33 4 59 4.77 .5.30 4 79 4.94 .5.48 5 21 5. 02 4.90 4.63 4.64* 4.82 4 71 4.62 5.30 5 20 5.11 5.05 4 47 4. .54 4.41 4.48 4.03 3.67 3 61 5. 62 5. 83 5 88 5.64 4.78 5 17 5 24 4. 39 4 41 4 59 4.97 4 84 4 86 4.50 4 63 4 40 5.30 4 83 4 54 5. 27 4 90 5.40 '5.'22' 6.81 5. 33 .5.91 7. 47 6.70 11. 35 7.43 6.81 "7.'64' 6 62 3.52 6.17 5.93 5.83 5 70 3 27 6 42 '3.'64' 5 30 5.76 7.27 6.72 ,5.95 4 34 6 31 9 11 ' • ' : . . '"'o'oi' 4 38 7 70 •4 72 4 18 2. 67 4.82 4 97 3 59 4 68 4 10 S 07 4 16 4 78 6 92 14 19 2 87 5 63 6 17 5 41 "'4.'32' '391 9.86 4 87 . .5.16 5 33 4. 58 4 74 4.56 4 23 3.46 3 71 4. 52 4.37 4 . JV2 4.68 3.81 4.12 '5'28" 4.10 4 32 3.45 4 20 3.74 3 76 4.24 4 01 5. 95 4 56 4. 75 4 71 2.97 2 .86. 5. 34 4 40 3. 75 7 29 5..3a 6 36 3. 92 5 86 '"'7.'i6' "14.95 *. "ii'.m 4.24 4.07 ' a 26' 2.12 21.8512*74' 10.91 ii 71 4.16 4 17 '.5'4i' ' 4 ' 8 0 ' 4. .53 5 09 5 52 8. 34 7 14 7 79 6. 03 5.87 6.12 6.67 4 39 4 84 5.70 3.08 4. 6.30 5.43 .5.40 6.77 6.65 6.07 7. 46 6 90 7.06 6 26 '6.'.57' 6.09 6 53 6.90 9.01 5 27 6 67 6.65 6. 28 4 89 6 31 5 53 5 90 8 53 7 15 7 08 8 62 6 96 7 98 2 87 4 38 4 08 10 85 10 18 9 03 7.44 6.76 6.74 12.74 3.64 6.43. 7.67 n . 93 15.19 '2.'ii' '6.'69' 1.44 '5.'67 4.99 7.73 2.80 6 39 5 55 47.82 i,3'24' 16 48 jli.'54' 16.'63' 13 92 16'4.5' 13*9i" i.5*2i' 3 57 2 78 18 92 16 74 3 47 4.17' 4 09 6.04 5.77 5.19 iucluded with the States in which such cities are located. e.'ii' 5.21 5.02 5. 1S73 Sept. M a r . 1. 1. Sept. 1. Ferct Ferct Perct 5 61 5.73 5 69 1 4.86 5.38 2 72 2 5 33 5.81 5 31 3 5.48 5.74 5.60 4 4. 53 4.90 4.84 5 5.28 5.40 5.31 6 ,5.46 5.32 5 25 7 5.14 5.14 5 03 8 4.84 4.27 5 09 9 5. 22 5.70 4 70 10 5. 41 5.41 5 06 11 .5 05 5. 27 5 47 1 2 4 59 4. 63 4 70 13 4 99 4.42 5 51 14 4 86 4.91 4 70 15 5 50 4. 93 5 65 16 5 56 4.30 5 17 4 85 5.81 5 92 18 5.26 6.16 6.36 19 5 97 6.91 6 41 20 ,5.91 5. ^4 5 16 21 3.72 6.53 6 69 22 6.46 6.08 5 62 23 6.70 6.64 7 8.8 24 9 39 5. 23 8 61 25 6 93 6.32 4 24 26 12 11 10.75 11 16 | 2 7 0 27 4.34 2 89 b p , 5 67 5.82 5 74 29 5 22 5.84 5 34 30 5 79 6.49 6.45 31 6. 5.94 5 68 32 5 35 5. 80 6.01 33 5 27 •6.65 5 52 34 .5. 25 4.67 5 88 35 6. ,50 6.74 •6 66 | 3 6 6.79 8.35 7.96 37 7.15 6.65 6.73 38 6.66 6. 25 6 81 ! 39 .5.49 6.83 6 76 40 13 04 6. 32 7 43 41 11 80 6.43 6 19 42 7 28 7.67 6 16 43 10 16 8 61 8 95 4:$ 4 03 3 87 4 52 45 6 86 8 49 8 01 146 47 '7.'54' 16'67' •8*47' 48 20.91 17 45 13 .39 49 7 75 4 82 50 '5.'56' 9 92 6 75 51 9. 55 8 63 7 78 52 4 66 14 47 11 14 53 L 5 4 2 17 10 72 54' 55 23*62' ui'si" '9" .53' 56 7 56 13 51 11 74 57 58 2*02 59 5.36 .5.37 5 48 122 REPORT ON T H E FINANCES. III.—Tahle ofthe state ofthe lawful money reserve of the nalional hanks of the Uniied States, as States a n d T e r r i t o r i e s . Maine New Hainpshire Vermont ]\iassachusetts Phode Island Connecticut New York New Jersey Pennsylvania Delaware .* - Maryland D i s t r i c t of C o l u m b i a . Virginia West Virginia N o r t h Carolina S o u t h Carolina Georgia Alabama Texas Arkansas Keutncky Teniiessee .>. Ohio -' ludiana Illinois ^. Michigan W i s c o n s i n .• Iowa Minnesota ' Missouri Kansas Nebraska Oregon California N e w Mexico Colorado Utah Wyoming Idaho Montana Number of banks. L i a b i l i t i e s to P e s e r v e required, \15 be x^rotected p e r c e n t , of by reserve. liabilities. 61 42 41 160 62 80 227 00 157 11 39 1 24 17 10 10 12 8 5 817, 4.55 m, 240, 067 K), 177, 692 56, 024, 970 20, 907, 303 32, 048, 877 78, 163,138 27, 735, 518 51. 21.5, 616 766, 669 326, 225 678, 757 359, 085 149,194 393, 032 6.50, 697 080, 356 283, 344 038, 044 344, 308 753, 230 395, 502 618,345 569,135 950, 239 368, 424 978, 581 619, 377 563,019 343, 759 143, 528 131, 0.32 008, 884 704,191 336, 467 448,154 177, 385 107,108 167,401 814, 397 22 1.54 88 114 70 • 38 74 29 29 24 9 .1 1 2 6 3 1 1 4 "|2, 072, 618 1, 086, 010 1,526,6.53 8, 403, 746 3, 145, 095 4, 807, 332 11, 724, 471 4,160, 323 7, 682, 342 41.5, 000 648, 934 101, 814 1, 553, 863 • 772, .379 658, 955 547, 604 762, 053 342, 502 ' 305,707 51, 646 1,162, 935 1,109, 325 ,5,042,751 3, !)85, 370 3, 292, 536 2, 005, 264 1,046,737 1, 892, 907 1,134, 453 951, 504 / 622,279 469, 655 160, 333 *137,.599 ,50, 470 367, 223 176, 608 16, 066 25,110 122,160 Total . P e s e r v e held. P e r cent, of r e s e r v e to liabilities. §2, 757, 511 1, 557, 467 1, 800, 553 11, 451, 967 3, 813, 427 7.911,549 15; 772, 506 6, 032, 655 9, .582, 262 504, 863 1, 012, 683 190, 394 1, 837, 7.52 987, 438 942, 606 698, 047 1, 587, 548 64.5,419 707, 332 59, 593 1, .511, 821 1, 433, 429 7.185, 701 4, 970, 421 4, 448, 544 2. 060, 385 1. 537, 415 2, 517, 336 1,479,8.58 1, 222, 964 783, 007 012,017 347, 440 230, 471 54, 862 713, 020 204,160 33, 327 31,157 203, 023 20.0 21.5 17.7 20.4 13.2 24.7 20.2 21.8 18.7 13.2 23. 4 23.1 17.7 19.2 21.5 19.1 31.3 28. 3 34.7 17. 3 19.5 19.4 19.1 13.7 20.3 19. 9 22,0 19.9 19. 6 19. 3 18. 9 19.5 32.5 32.7 16.3 29.1 17.3 31.1 18. 6 24.9 102, 033, 935 20.4 * P e s e r v e r e q u i r e d i n Califoruia gold b a n k s , o u t s i d e of S a n Tahle of the state of the lawful money reserve—Continued. Cities of r e d e m p t i o n . 3 1 Boston. Albany 3 4 Pittsburgh 5 Baltimore (1 W a s h i u g t o n 7 N e w Orleans R Louisville 9 Cincijiu.ati 10 Cleveland 11 C h i c a s o 12 D e t r o i t 13 M i l w a u k e e 14 S a i n t L o u i s Number, of b a n k s . • 6 20 3 4 8 ^ : 15 N e w Y o r k C i t y 16 $85, 778, 361 11,751,306 . 48,195, 235 36,394,107 21, 145,106 2, 905, 844 10, 265, 311 2, 419, 0.53 10, 999, 095 6, 659, 332 26, 341,147 4, 478, 714 3, 298, 049 9, 385,193 . 51 7 29 16 14 4 9 5 • 5 0 Tot.al L i a b i l i t i e s to b e i>rotected by reserve. San Fra,ncisco Peserve r e quired, 25 p e r cent, of liabilities. P e s e r v e held. P e r cent, ofreserve t o liahilities. $21, 444, 590 2, 937, 827 12, •048, 309 4, 098, 527 5, 286, 276 726, 461. 2, 566, 328 604, 514 2, 749, 774 1, 664, 833 6, 535, 287 3,119,678 824, 512 2, 346, 298 $22, 200, 691. 4, 217, 247 V.i, 137, 272 4,147, 733 5, 823, 833 495, 363 2, 543, 620 582, 757 3, 365, 685 1, 817, 328 8,151, 312 1, ,344, 369 966,196 2, 653, 336 25.9 35. 9 27.4 25. 3 27. 5 17.0 24.8 24.1 30.6 27. 3 30.9 30.0 29. 3 28.3 181 260, 014, 858 65, 003, 714 71,.496, 742. 27. 5 50 198,661,426 49, 665, 356 ,50, 969, 991 25.7 670,154 21.1 0 . 3,1/79, 008 794,7.52 • COMPTROLLER OF T H E CURRENCY. 123 shoivn hy the reports of tlieir condition at the close of husiness on Friday, .DeoGmher 27, 18v2. P u n d s a v a i l a b l e for r e s e r v e . Specie. T h r e e p e r U . S. cerClearingL e g a l t e n d e r s . h o u s e cer- cent, certifi- ti.ficates of tificates. cates. deposit. $49, 932 4, 427 29, 561 129, 883 47, 859 130, 501 154 794" 96, 728 95, 3 50 2, 953 27, 350 3 916 69, 479 11 438 25 744 8 505 61, 019 30 449 ' 213 699 277 • 10, 752 40,136 51 257 39 894 94,331 52 031 27, 535 39 641 36, 256 22, 296 6,866 6,773 69, 724 199, 806 309 64, 332 7, 345 195 9,634 5,603 $1,108, 319 518, 547 740. 983 4,.391, 733 3,484,318 2. 457,154 5, 578, 250 2, 205, 253 4, 623, 883 240, 338 427, 315 143, 000 928, 649 451, 205 343, 571 268, 827 448, 813 310, 647 247, 797 28, 365 655, 725 841,247 3, 641, 654 2, 777, 499 2,113, 537 1 346 873 721,217 1, 436, 873 682, 018 611,286 392, 852 287, 352 70, 587 30, 665 43, 007 343, 266 138, 092 20, 997 21, 523 105. 600 1, 978, 383 43, 228, 892 D u e from redeeming agents. | 1 , 599, 260. 1,029,493 . 1, 000, 014 6, 80.5, .301 2, 281, 250 5, 308, 894 9, 814, 462 3, 720, 674 4, 823, 229 231, 574 558, 018 43, 478 839, 624 514,795 573, 291 420, 715 1, 027, 716 304, 323 24.5, 836 .30, 951 845, 344 552. 046 3, 492, 790 2,1.53, 023 2. 240, 676 1. 261, 481 • 788, 663 1,040,817 761, .584 589, 382 383, 289 317, 892 . 207,129 $5, 000 30, 000 115, 000 m , UOO 3 5,000 3.5, 000 30,000 3.5. 000 30, 000 190, 000 10, 000 50, 000 11,546 305, 422 58, 723 12,135 \ 91, 815 1 Maine New Hampshire .. Vermont Massachusetts Phode Island Connecticut ... N e w York-. New Jersey Pennsylvania ^Delaware "Maryland, Dist C o l u m b i a — Virgin! a W e s t Virginia . . . N o r t h Carolina S o u t h Carolina Georgia Alabama . Texas Arkansas Kentucky Tennessee Ohio . Indiana . Illinois Michigan '.. W i s c o n s i n . .^ Iowa " . Minnesota Missouri Kansas Nebraska. Oregon California N e w Mexico Colorado Utah W vomin er Idaho Montana 1 •9. 3 4 5 6 ,Q Q 10 ri 12 13 14 15 16 17 18 19 '^O '>1 oo 9---i 24 25 Of; 27 0,^ 9L) 30 31 32 33 34 35 36 37 38 39 40 56, 291, 660 350, 000 135, 000 S t a t e s and T e r r i j2 tories. Prancisco, 25 per cent, on circulation and L5 per ceut. on deposits. 'CITIES, as shoivn hy the reports of Decemher 27, 1872. P i i n d s a v a i l a b l e for r e s e r v e . CleariugThree per . house cent, cercertificates. tificates. Specie. Legal tenders. U , 535, 751 7, 693 309,184 45,316 175, 355 11 044 355* 517 • 2, 271 13 737 19,601 134 724 226 4^247 48, 093 $10,361,142 933, 774 .5,513,772 2,118, 905 2, 273, 013 293, 065 1,156,670 333, 900 1, 326, 000 940, 000 5, 287, 340 606, .530 531, 636 1,183, 980 |445, 000 .50, 000 1, 745, 000 95, 000 2, 662, 559 . 32, 864, 727 2,335, 000 13, 778, 031 24, 451, 960 688, 364 41, 790 U. S. certificates of deposit. D u e from redeeming agents. $150, 000 10, 000 250, 000 $470, 000 565, 000 1, 330, 000 30, 000 230, 000 $9, 233, 798 2, 650, 780 4, 039, ,316 1, 983, 712 3, 020, 465 386,254 . 1,031,433 246, 586 1, ,575, 948 807, 727 2, 704, 248 737, 613 430,313 1, 421, 263 450, 000 50, 000 25, 000 . 3, 22.5, 000 46.5, 000 3, 095, 000 310,000 9, 205, 000 Cities of r e d e m p •* tion. Boston. Albany . • Philadelphia Pittsburgh Baltimore Washington N e w Ori eau s .Louisville Cincinnati Cleveland Chicago Detroit Milwaukee Saint Louis .. 1 9 3 4 6 7 8 9 10 11 10 13 14 30, 074, .456 N e w Y o r k C i t y . . . 15 San P r a n c i s c o 16 124 REPORT ON THE FINANCES. ' III.—Tahle of the state of the lawful money reserve—Continued. Number of banks. States aud Territories. Maine New Hampshire Vermont.. Massachusetts Phode Islaud Connecticut NewYork •61 42 40 163 62 SO 226 60 157 11 ,19 1 NCAV- J e r s e y PennsyNauia Delaware Maryland D i s t r i c t of C o l u m b i a Virginia W e s t V^irginia N o r t h Carolina S o u t h Caroliua ,. Greorgia Alabama Texas Arkansas Kentucky Tennessee •. Ohio Indiana.-. Illinois Michigan Wisooosin .'... Iowa Minnesota Missouri...'Kansas Nebraska Oregon : California N e w Mexico Colorado Ut.ah Wyoming Idaho .'. Dakota Montana 24 17 10 11 13 9 29 22 1.55 89 114 70 39 74 30 29 24 9 1 1 2 6 3 1 i 1 4 L i a b i l i t i e s to b e pT'otected by reserve. $13, 828,196 7, 277, 786 10, 376, 030 57, 425, 622 20,926,113 32, 250, 968 80, 770, 548 27, 995, 831 52,372,045 2, 904, 259 4, 310, 053 680, 845 10, 676, 798 5,113, 046 4, 657, 453 • 4, 448, 923 5,107, 851 2, 271, 154 1,935,360 369, 365 8.159, 297 • 8,034,017 39, 277, 394 28,136, 561 24, 846, 812 13, 6, 14, 7, 6, 880, 9 5 0 92.5, 879 066, 4 9 8 751,199 3.52, 9 3 3 4.160, 610 3,179, 781 1,195, 572 755, 608 377,271 2, 394, 382 1, 057, 671 121, 435 178, 259 • .51, 618 740, 699 517, 207, 245 Total P e s e r v e required,15 p e r c e n t , of liabilities. $2, 074, 229 1,091,668 1, 556, 405 8, 613, 843 3,138, 917 4, 837. 645 12,115, 582 4,199, 375 7, 855, 882 435, 639 646, 508 102,127 1, 601, 520 • 766,957 698, 617 667, 338 766,178 340, 673 290, 304 5.5, 404 1, 223, 895 1, 20.5,103 5,891,609 4, 220, 484 3, 727, 022 2, 082,143 1, 038, 882 2,109, 975 1,162, 680 9.52, 948 624, 092 476, 967 • 167,936 *134, 895 .56,591 3.59,1.57 158, 651 18, 215 26, 738 7,742 111, 104 77, 611, 640 P e s e r v e held. $3, 207, 726 P e r cent, of r e s e r v e t o liabilities. • 2, 844, 585 1, 323, 220 1, 281, 992 806,153 810, 427 328, 068 220, 508 82, 047 594, 018 133,149 27, 021 31,125 33,302 165, 776 23.20 21.27 19.36 21.19 17.60 22.49 20. 92 22. 40 19.40 17.85 23. 45 32. 42 16. 37 19.18 19. 73 21.94 22. 32 25.33 31. 60 13. 51 20.. 34 20. ,78 20. 82 19.36 23.24 19.94 20.80 20.22 17.14 20.18 19. 38 22.34 29. 39 28. 43 21.75 24.81 12. 59 22. 25 17.46 25, 77 23. 38 107, 595, 294 20.80 1, 549, 0 6 6 2, 0 0 9 , 1 7 3 12, 170, 7 0 2 3, 682, 375 7,244, 596 16, 89.5, 447 6, 270, 489 10,162, 751 518, 551 1, 010, 738 227, 517 1, 747, 563 980, 875 921,100 976,010 , 1,139,276 .575,177 611, 652 49, 918 1, 700, 391 1, 669, 327 8,177, 7,52 5, 447, 809 5, 775, 034 2,767,541 1, 440, 3 4 7 '''Peserve required in California gold banks, outside of Sau 111.—Tahle ofthe state ofthe lawful money i^serve—Continned. Number of banks. C i t i e s of r e d e m p t i o n . 1 Boston o Albany 3 Philadelphia 4 Pittsburgh Baltimore 6 W^ashiup"toii 7 N e w Orieaus Louisville 9 Ci ticiunati 30 C l e v e l a n d 11 C h i c a g o 12 D e t r o i t 13 MilAvaaikee 14 S a i n t L o n i s >-) • . ... . 48 7 29 16 14 4 8 6 5 6 20 3 48 Liabilities to bo p r o t e c t e d by reserve. $87, 811, 451 11, 418. 7.39 50, 837, 556 17, 030, 260 21,203,893 2, 846. 546 9, 828,154 • 2, 11, 6. 28, 4, 707, 966, 969, 946, 558, 829 338 432 290 433 3, 329, 401 9, .521, 888 Peserve req u i r e d , 25 p e r cent, of liabilities. s^^21, 952, 863 2, 854, 685 12, 721, 889 4, 257, 5 6 5 5, 300, 9 7 3 71.1,637 2, 457, 0 3 8 676, 9 5 7 2, 9 9 1 , 5 8 5 1, 742, 3 5 8 7, 236, 5 7 2 1,139, 608 832, 3 5 0 . 2, 380, 472 P e s e r v e held. $21, 533, 770 3, 13, 4, 4, 588, 232, 289, 604, 456, 2, 336, 740, 3,/140, 2,183, 9, 097, 223 148 521 846, 547 928 814 439 663 433 1, 310, 279 . 850,213 2, 468, 710 P e r cent, of r e s e r v e to liabilities." 24. 5 31.4 i 26.1 Total 178 269, 026, 210 • 67,256,552 69, 883, 535 26.0 51 N e w Y o r k City 50 213 109, 9.59 50, 777, -489 .50, 461, 0.50 24. 8 16 San Prancisco 2 3, 339, 801 834, 950 70.5, 365 { 25.2 j 21.7 10.0 23.8 • 2^. 4 26.2 • 31. 4 31.4 • 28.7 25.5 25. 9 21.1 . 125 COMPTEOLLEE OF THE CUEEENCY. STATES, as shown hy the reports of Fehruary 23,187.3. F u n d s a v a i l a b l e for r e s e r v e . Specie. ClearingThree per U. S. cerL e g a l t e n d e r s . h o u s e cer- ceut. certifi- tificates of tificates. cates. deposit. $994, 519 $25 945 2,917 486,462 61 844 61-2,361 117 104 3, 806, 357 32, 771 1, 501, 428 2,361,071 • 77,717 132, 731 5,129, 601 89, 241 2,150, 990 89,197 4, 301, 762 •3, 424 276, 078 19, 391 475, 360 3,827 133, 000 59, 040 837, 787 10, 548 426, 435 34, 217 . 335,017 13, 450 668,136 52,313 729, 356 34 468 326, 547 205, 458 301,752 2, 422 28,150' 8,764 612,063 38, 180 944, 275 * 28 789 3, 729, 719 2,.685, 402 38, 694 « 73, 474 2,164, .590 36, 055 . 1, 227, 530 17, 359 645, 767 34, 981 1,401,355 14,213 617,343 20 825 • 526,931 4 146 319, 704 7, 297 200, 651 66,'491 " 73, 886 219, 431 1,077 460 46, 020 ' 73,245 270, 248 4,405 106,666 1 363 14, 201 5^ 000 26,125 7,192 14, 249 95, 885 1, 779, 651 \ $10,000 20, 000 100, 000 555, 000 10, 000 10, 000 635, 000 20. 000 . 45,000 10, 000 $10, 000 10, 000 10, 01,0 10, 000 10, 000 r 50, 000 . 40, 000 10, 000 10, 000 D u e from redeeming ageuts. States and Territories. $2,^77, 262 1,039,687 1, 234, 968 7, 682, 241 2,138,176 4,78.5,808 10, 988,115 4, 000, 2.58 / 5,726,792 229, 04! 515,987 90, 690 850,736 . 533,892 553,866 294,424 307, 607 210,162 104, 442 19, 346 1, 039, 564 686, 872 4, 419, 044 2, 713, 713 3, 536, 970 1, 493, 956 777,221 1,408,249 696, 664 734, 236 482, 303 602, 479 Main e New Hampshire... V e r Jll o u t Massachusetts Khodelsland Connecticut New York New Jersey Pennsylvauia Delaware Maryland Dist. of Columbia . . Virginia W e s t Virginia N o r t h Carolina South C a r o l i n a Georgia : Alabama Texas Arkansas. Kentucky Tennessee Ohio Indiana Illinois ..". Michio'an Wisconsin Iowa .*. Minnesota Missouri Kansas Nebi'aska 187,691 J Oreo'on 3.5, 567 N e w Mexico 250, 525 Colorado 22, 078 U t a h 11,452 ! W^voming . . . Idaho 6,110 Dakota.. 55, 642 M o n t a n a 41, 598, 799 1,485, 000" 90, 000 i^ i 1 9. 3 4 5 6 7 ft q 10 11 ,12 13 14 15 16 17 18 19 90 ''I 09, 93 94 95 9fi 07 9R oq 30 31 39 33 34 35 36 37 3R 3q 40 41 62, 641, 844 Francisco, 25 per cent, on circulation and 15 per ceut. ou deposits. CITIES, as shoivn hy ihe reports of Fehruary 28, 1873. F u n d s available for r e s e r v e . Specie. ClearingThree per U. S. cerL e g a l t e n d e r s . h o u s e cer- cent, certifi- tificates of deposit. cates. tificates. D u e from redeeming agents. $430, ooo' 72.5, 000 3, 825, 000 $9, 467, 996 2, 058, 689 4, .572, 725 2,191, 420 1, 989,160 125,528 1, 029, 884 406, 851 1, 694, 656 1,149, 749 3, 762, 498 ' • 681,613 336, 005 1,298,931 $1, 010,534 7,619 266, 837 32, 543 104, 052 22,181 208, 211 239 41, 783 7,614 123 306 441 6 598 50, 862 $10, 300, 240 796, 915 4,147, 586 2, 065, 558 1, 856, 634 258, 838 1, 098, 833 333, 724 979, 000 976, 300 • 5,186, 629 628, 225 507, 610 1,118, 918 1, 882, 820 . 30,2.5.5,010 720, 000 13, 498, 550 24, 532, 500 1, 395, 000 616, 652 $320, 000 $5, 000 325,000 145, 000 580, 000 "50,000 75, 000 425, 000 50,00 25, 000 • 175, 000 6, 035, 000 145,000 10, 890, 000 • •t25 Boston . Albany Philadelphia Pittsburgh Baltimore Washington N e w Orleans . . Louisville Ciucinnati Cleveland Chieao'o . . . Detroit Milwaukee S a i n t Louis- 1 «3 .. 4 5 6 7 ft q 10 11 n 13 14 30, 765, 705 60,113 23,600^ Cities of redemp-. tion. N e w Y o r k City 15 San F r a n c i s c o 16 126 REPORT ON T H E FINANCES. III.—Tahle of the state of the lawful money ?'eserve—Continued. Number of banks- States and Territories. Maine New Hampshire Vermont, r Massflchusetts... P h o d e Island Connecticut New York New Jersey... ? , Pennsylvania , Delaware Maryland ., .District of Columbia Virginia W e s t Virginia North Carolina S o u t h Carolina Georgia' Alabama T.e.xas Arkansas Kentucky Tennessee Ohio Indiana HUnois Michigan Wisconsin Iowa , Minnesota Missouri Kansas Nebraska Oregon . . ,• Califotnia N e w Mexico Colorado . . .• Utah 'Wycrning : Idaho Dakota Montana , 63 42 . 40 363 62 80 223 62 158 11 19 1 24 17 I'O 11 13 9. '6 2 30 23 1.56 90 114 72 40 75 31 29 26 • 9 1 2 3 6 3 3 1 1 3 Total Liabilities to be protected by reserve. Peserveh^equired, 15 p e r cent, of liabilities. .$13, 744, 572 ,5, 205, 637 10, 324, 271 58, 020, 699 21,223,311 30, 955, 934 77, 233, 656 29, 715, 983 55, 039, 558 2,918,615 4, 407, 897 3,104,594 10, 348,176 5, 302, 646 4, 503, 473 2,104, 243 4, 446, 672 2, 292, 934 2, 009, 350 385, 700 7,861, .529, 7, 977, 739' 38,751,158 29, 792, 715 25, 298,155 13, 607, 033 6, 58.5, 054 14, 274, 043 7,941,785 6, 70.3, 417 4, 482, 234 3, 413, 391 1, 001, 059 772, 857 391,818 2,401,509 1, 059, 818 • 117, .328 167, 602 69.145 762, 638 $2, 061, 686 . 780, 845 1, 548, 642 8, 703,105 3,183, 496 4, 643, 390 11, 585, 043 4, 457, 397 8, 255, 934 4.37,792 661, 185 165, 689 1, 5.52, 226 795, 397 676, 272 315,636 667, 001 343, 948 301, 403 57, 855 1,179, 229 1,196, 661 5, 812, 674 4, 468, 907 3, 794, 723 2, 041, 055 1, 028, 708 2,141,106 1,191,268 1, 005, 513 672, 335 512, 003 150,159 *147, 374 58, 773 360, 226 153, 973 17, 599 25,140 10, 372 314,396 514, 998, 003 77, 281,146 P e s e r v e held. $2, 687, 467 1, 428, 599 1, 874, 273 11, 632, 679 3, 865, 222 7,624,916 15, 243, 698 6, 404, 715 11, 209, 326 502, 880 1, 042, 858 251, 761 1, 699, 408 970, 105 774, 802 616, 996 780, 561 544, 800 679, 289 50, 948 1,410,837 1,671,079 7,619, 151 6,395,460 5, 815, 755 2, .531,036' 1, 3.52, 660 2, 954, 211 1, 345, 482 1, 459, 675 996, 778 650, 496 • 308, 108 176, 411 77, 868 650, 347 178, 7.50 30, 205 22, 538' 14, 192 139,980 105, 686, 322 P e r cent, of r e s e r v e to liabilities. 19.5 27.4 18.1 20.1 18.2 24.6 19.7 2L5 20.4 17.2 23.'6 22.8 16.4 18.3 17.2 29.317.5. 23.8 33.8 13.2 17.9 21.-0 19.7 21„5 23 0 38.6 19.7 20.7 16.9 21.8 22.2 19.0 30.8 22.8 19.9 27.1 16.9 25.7 13.4 20.5 18.3 20.5 * P e s e r v e r e q u i r e d i n California gold b a n k s , o u t s i d e of S a u Tahle of tlie state ofthe laivful money reserve—Continned. N u m b e r L i a b i l i t i e s to be protected of b a n k s . by reserve. C i t i e s of r e d e m p t i o n . 1 2 3 4 5 6 7 ft q 10 11 12 13 14 Boston Albany Philadelphia Pittsburgh Baltimore Washiugton N e w Orleans Loiiis\'^ille Cinci n u a t i Cleveland Chicago Detroit Milwaukee Saint Louis Total .. J i.. , 15 N e w Y o r k C i t y . . . . . . . . . . . . 16 San F r a n c i s c o 1 R e s e r v e required, 25 p e r cent, of liabilities. R e s e r v e held. $20, 3, 14, 4, 5, 1, 2, 922, 725 738, 0^65 280, 805 613, 9.58 695, 700 026.179 800, 334 837, 335 3,187, 372 1. 611, 285 8, 46.5, 289 1, 299,193 754, 879 2, 548, 392 P e r cent, of r e s e r v e to liabilities. 25.6 . 32.0 27.0 26.0 26.2 30.1 25. 3 28.8 27.0 25.8 27.1 27.6 " 25.1 26.2 48 7 29 16 14 4 9 6 5 6 • 20 3 4 8 $81, 669, 840 11, 699, 848 52, 964, 960 17, 729,' 640 21, 772, 984 3, 412, 596 11, 051, 692 3,076,416 11, 816, 783 6, 238, 064 31, 192, 876 4, 700, 404 • 3, Oil, 588 9, 745, 316 179 • '270,083,012 67, 520, 753 71, 831, 516 49 191, 560,156 4r, 890, 039 47, 286, 772 24.7 2 3, 086, 782 .771, 695 558, 042 18.0 • $20, 417, 460 . 2,924.962 13,241,240 4, 434, 410 5, 443, 246 853, 149 2, 762, 923 769,104 2, 954,197 1, ,559, 516 7, 798, 219 1,17.5,101 752, 897 2, 436, 329 26.5 127 COMPTEOLLEE OF THE CUEEENCY. STATES, as shoivn hy the repjorts of April 25, 1873. F u n d s available for r e s e r v e . Specie. $24, 596 2,653 30,171 133, 932 28, 539 60 474 119, 624 132, 6.52 56, 150 3,617 16, 8413,903 30,518 9,888 38, 683 9,090 43, 219 41 427 184 415 1,909 9,771 . 33,294 23, 466 26 563 43' 806 28, 506 10,061 26 840 . • 11 990 13, 959 2,990 4 246 ' 66 311 163,12883 88, 614 5 020 1 545 10 795 " 23 810 1, 567,149 Legal tenders ClearingThree per U. S. cerh o u s e cer- ceut. certifi- tificates of cates. tificates. deposit. $1,005,373481,771 571,339 3, 671, 865 1,472,419 2, 335, 356 4, 992, 269 2,189, 842 5, 068, 883 265, 999 454,114 135, 000 ' 957,561 450, 674 396,312 426, 484 504, 305 333, 259 . 361,107 26, 700 610, 450 947, 530 4,167,159 2, 985, 250 2,25.5,402^ 1, 313, 733 663, 267 1, 539, 241 690, 902 .597, 400 416,819 284, 276 ,5.5,118 13, 283 ,57,816 ' 286,519 93, 756 23, 660 11,743 12, ,596 71, 300 / \$20, 3.5, 150, 665, 000 000 000 000 35, 755, 40, 55, 000 000 000 000 $10, 000 10, 000 60, 000 20, 000 40, 000 10, 000 _ D u e from redeeming . agents. $1, 637, 498 909,175 1,122, 763 7, 161, 832 2, 364, 264 5,194, 086 9, 376, 805 4, 042, 221 6, 029, 293 223, 264 571, 903 112, 858 711,329 •499, 543 339, 8U7 181, 422 233, 037 170,114 133, 767 22, 339 730,616 690, 255 3, 403, ,526 3, 343, 647 '3,516,547 1,178, 797 6?9, 332 1, 388,130 642, 590 848, 316 576, 969 361, 974 186, 679 19, 969 27.5, 214 79,974 1,596 44, 870 43, 202, 352 " 10, 000 1, 895, 000 States and Territories. n 1 9. 3 4 5 6 7 ft q 10 11 19 13 14 15 16 17 1ft iq ,. 90 91 Maine New Hampshire .. Vermont Massachusetts Rhode Island Connecticut JSew V o i k New Jersey Pennsylvauia Delaware Maryland D i s t . of C o l u m b i a Virginia AVest Virginia. . . . N o i r h Carolina South Carolina GeoriiifiJ Alabama Arkansas Kentucky Tennessee Ohio ludiana Micliig,an Wisconsin Iowa .Minnesota Missouri Kansas Nebraska Oregoji California...'. N e w Mexico Colorado Utah Wyoming Idaho Dakota Montana 00 93 94 95 96 97 98 . . . . 90 30 31 39 ' 33 34 '. 35 36 37 3ft 39 40 41 59, Oil, 321 Francisco, 25 per cent, on circulation and 15 per cent on deposits. CITIES, as sho.ivn hy the reports of April 25, 1873. F u n d s , a v a i l a b l e for r e s e r v e . ClearingT h r e e per U. S. certiSpecie. - L e g a l t e n d e r s . h o u s e cer- cent, certifi ficates of tificates. cates. deposit. $1,106, 560 7, 410 102, 903 •30 262 107, 686 • 30, 934 266, 365 249 44,530 6,748 35, 239 638 8,334 14, 612 $7, 672, 050 782, 240 6, 444, 743 2, 666, 528 1, 812, 397 .326, 330 1, 908, 600 552,832 1,221,017 927, 892 5, 665, 366 742, 552 401,830 1, 503, 087 $580,00.0 ' 1, 762, 475 •32,627,464 670, 000 7, 000, 000 13, 088. 251 24,023,521 700, 000 •9,475,000'. 450, 933 81, 450 90, 000 $770, 000 775, 000 3, 920, 000 100, 000 795, 000 90, 000 .500, 000 50, 000 ^ . D u e from redeeming agents. $10, 794,115 2,173, 415 3,723,154 1,817,168 2, 980, 617 578, 915 . 62.5,369 334, 254 1, 421, 825 626, 645 2, 764, 684 550, 008 - 344,715 , 1,030,693 • Cities of redemption. Alba,ny ., Philadelphia Pittsburgh Baltimore Washington N e w Orfeans Louisville Cincinuati Cleveland Chicago Detroit Milwaukee Saint Louis ^ a 1 9 3 4 5 6 ,. 7 ft q 10 11 19 13 14 29, 771, 577 N e w Y o r k C i t y . . . 15 . 25, 659 San F r a n c i s c o . . . . . 16 1-28 E E P O E T ON T H E FINANCES. III.—Tahle of tlie state of the lawful money reserve—Continued. S t a t e s and T e r r i t o r i e s . Maine New Hampshire Vermont Massachusetts "... Rhodelsland Connecticut New York New Jersey Pennsylvania Delaware Maryland D i s t r i c t of C o l u m b i a . Virginia AVest V i r g i n i a North Caroliua S o u t h Carolina Georgia.... Alabama •-.' Texas Arkansas Kentucky Tennessee Ohio ludiana Illinois -.. Michigan Wisconsin Iowa Minnesota Missouri l.. Kansas Nebraska Oregon "California N e w M.exico Colorado Utah Wyoming...:... Idaho. •Dakota Montana Total. Nuniber of banks. .63 ,4240 163 • 62 80 222 62 1.58 11 19 1 24 17 ' 10 12 13 9 6 2 30 23 158 91 115 74 40 75 31 29 26 9 , 1 2 2 6 3 1 1 1 3 1,737 Liabilities to be protected by reserve. R e s e r v e required, 15 p e r cent, of liabilities. R e s e r v e held. P e r cent, of r e s e r v e to liabilities. $14,167, 974 7, 482, 344 10, 708,140 58, 649, 979 21,319,070 33, 047, 632 75, 76,5, Of'3 29, 027, 249 .54, 303, 072 2, 860, 555 4, 400, 912 720, 062 10,594,824 5; 288, 212 • 4, .521' 605 4, 062, 749 4, 372, 760 2, 305, 963 2, 203, 964 420, 146 7, 845, 281 8,071,979 39, 818, 983 29, 835, 560 2.5, 51.5, 864 13,924,320 6, 9:. 1,422 15,108,361 8, 769, 388 6, 582. 525 4, 787, 761 ' 3, 638, 633 1, 042, 724 1,048,691 416,773 2, 684, 640 1,194, 038 128, 267 163,694 68,113 7.52, 360 $2 12.5,196 1,122, 352 \1, 606, 221 8, 797, 497 3,197, 861 4,957,145 11,364,763 4, 354, 087 8,145, 461 429, 083 660,137 • 108, 009 1, 589, 224 . 793, 232 678, 241 609, 412 65.5,914 345, 895 330, 595 63, 022 1,176, 790 1,210,797 ,5, 972, 847 4, 47.5, 334 3, 827, 380 2,088,616 1, 036, 713 2, 266, 254 1,31,5,408 987, 378 718,164 545, 795" 156, 409 *200, 488 62,516 402, 696 . 179,106 , 19,240 24, 554 10,217 112, 854 $2, 834, 983 1, .587,156 1, 988, 618 11, 829, 718 4,000,160 7, 813, 869 14, 396, 835 6, 273, 363 10, 465, 440 520, 523 993,241 221, 427 " 1,942,242 974, 073 1, 004, 781 695, 627 871, 093 568, 248 903, 227 115,133 1, 45.5, 533 3,868,377 7, 905, 398 5. 954, 492 6,109, 370 2, 550, 908 1, 339, 599 3,711,0.32 1, 865, 292 1,329,861 1, 056, 023 1,101,839 411,587 239, 734 94,419 841, 674 237, 587 34, 685 31, 769 11, 4'. 9 147, 777 20.1 21.2 18.6 20.2 18.8 23.6 19.0 21.6 19.3 18.2 22.6 30.7 18.3 18.4" 22:2 17.1 19.9 24.6 41.0 27.4 38.5 23.1 19.8 20.0 23.9 18.3 20.1 24.6 21. 3 . 20.2 22.1 30.3 39.^5 22.8 22.6 31.4 19.9 27.0 19.4 16.9 19.6 524, 531, 472 78, 722, 905 •108,348,213 20.7 * R e s e r v e r e q u i r e d i n California gold b a n k s , o u t s i d e of S a n Tahle of the state of the lawful money reserve—Continned; Cities of r e d e m p t i o n . 1 Boston o Al ban y ... Philadelphia 4 Pittsburfijli 5 Bal t i m o r e fi W a s h i n g t o n 7 N e w Orieaus ft q Cincinnati 10 Clevelfind 11 Chicago 19 D e t r o i t . 13 M i l w a u k e e 14 St. L o u i s Total 15 N e w Y o r k C i t y •. San F r a n c i s c o . $85,133, 268 • 33,214,954 58,0.56,3 60 18, 408, 830 22,254,313 3, 848, 493 11, 393, 307 2, 957, 505 12,109, 080 6, 820, 444 22,419,314 4, 747,159 3,613. 114 10, 469; 787 180 •7 " .. Liabilities' to be protected by reserve. 29 16 14 4 9 ' 6 5 6 20 3 4 8 49 ^ 16 Number of banks. Reserve req u i r e d : 25 p e r cent, on liabilities. $21, 283, 317 3, 303, 738 14,514,040 4, 602, 207 5, 563, 578 962,124 2, 849, 577 739,376 . 3, 027, 270 1, 705, 111 5, 604, 829 1,186, 790 903, 278 2, 617, 447 R e s e r v e held. P e r cent, of r e s e r v e t o liabilities. $22, 362, 334 4,931,916 15, 044, 756 5,179, 476 5, 612, 367 ,725, 306 2, 996, 603 708, 977 3, .595, 613 3,715,250 10, 257, 361 3,406,748 1, 276, 756 2, 637, 242 26.3 37.3 25.9 • -28.1 , 2.5.2 18.8 26.3 24.0 29.7 ' 25.2 45.8 29.6 35.3 25.2 275, 450, 728 68, 862, 682 78,450,705 28.1 , 49 214,255,949 . 53, 563, 989 64, 435, 053 25.2 2 3, 010, 453 752, 613 944, 527 31.4 129 COMPTEOLLEE OF THE CUEEENCY. STATES, as shown hy the r eports of June 13, 1873. F u n d s a v a i l a b l e for r e s e r v e . * ClearingT h r e e p e r U. S. cerL e g a l t e n d e r s . h o u s e cer- cent, certifi- tificates of tificates. cates. deposit. Specie. $24,157 $1, 111, 478 516, 429 31 798 669, 524 38, 876 3, 634, 791 111 521 1,503, 850 22 191 2, 458,113 58, 779 4, 860, 965 16ft, 260 2,168, 513 85, 913 4, 847,102 48, 222 274, 007 2, 726 462, 048 . 17,011 • 137,000 3,930 982, 042 24,591 447, 683 9,781 430, 454 •36 517 323, 243 8,097 546, 051 • 42 997 370, 688 36, 326 276, 790 262 319 67, 712 * 2, 655 ,598, 342 8 342 945, 952 '41,301 . 3, 998, 020 25, 755 2, 612, 737 36 316 72 400 • 2, 257, 631 45 457 1, 278,107 642, 019 14 359 1, 652, 367 34,178 ^ 33,238 745, 340 567,113 13,647 • 443,791 3, 437 •5 148 291, 969 ' 70, 8.53 82, 601 180, 953 • 11,126 257 54, 601 329, 393 84, 335 9 343 77, 427 1 777 > 25,168 - 19,287 12, 482 10, 686 5, 399 . 68,300 $10, 000 5,000 120, 000 785, 000 35, 000 860, 000 . 50,000 55, 000 $10,000 10, 000 60, 000 20, 000 105, 000 10, 000 $1, 689, 348 1, 0.53, 929 1,160, 217 .7, 298, 407 2, 474,119 5, 261, 977 8, 507, 660^ 3, 968, 937 5, 515,116 233, 790 514,182 80, 447 935, 609 506, 609 537, 810 364, 287 282, 045 161, 234 364,118 44, 766 788, 349 881,124 3,861,623 3, 200, 639 3, 779, 339 1, 217, 344 733. 221 2, 024. 487 1, 086, 714 749, 101 608, 800 804, 722 258,133 47, 6.55 39, 561 427, 946 151,017 7,740 793 74, 078 10, 000 42,800,960 1, .715, 293 D u e from redeeming agents. States and Territories. 1 !zi- 1 New Hampshir e.. Massachusetts Rhode Island Connecticut NewYork New Jersey ... Pennsylvania. Delaware Maryland D i s t r i c t Columbia. Virginia W e s t Virginia N o r t h C'Brolina . . . S o u t h Carolina Georcia Texas Arkansas Kentucky Tennessee Ohio Indiana Illinois •^ r\ 5 fi 7 ft q in 11 1'^ 13 I'I 15 16 17 1ft 19 20 91 oo 93 o,| ^5 96 Wiscoiisin 27 oq Minnesota Missouri 9q 30 31 3'> 33 Oregon 34 California N e w Mexico . . . . . . 35 36 ?7 Utah 3ft 3q 40 41 2,125,000 ' • 61,696,995 Francisco, 25 per cent, on circulation and 15 per cent, on deposits. CITIES, as shoi'vn hy the reports of June 13, 1873. F u n d s available for r e s e r v e . Specie. ClearingT h r e e per U . S. cerL e g a l t e n d e r s . house'cer- ceut. certifi- tificates of cates. tificates. deposit. $1, 015, 428 7 416 167, 431 28,102 65, 030 36 646 229, 585 468 59, 673 1, 473 125, 453 360 8,150 22, 275 $9, 423, 666 816, 663 4, 782, 737 2, 673, 463 1, 991,160 300, 035 1, 657, 330 398, 443 965, 000 94.5, 000 6, 240, 279 796,888 418, 363 1, 674, 224 $285, 000 90, 000 $1, 225, 000 825, 000 5, 685, 000 100, (IOO 1,170, 000 , 90,000 580, 000 50, 000 20, 000 1, 767, 490 33, 083, 256 375, 000 9, 745, 000 2.3, 581,173 30, 063, 875 295, 000 10,495,000 886,127 . 58,400 9 F » D u e from redeeming agents. $10, 3, 4, 2, 2, 413, 240 282, 337 319, 588 377, 911 386,177 298. 625 1,109, 688 310, 061 1, 990, 940 718,777 3, 891, 629 609, 500 830, 243 940, 743 Cities of r e d e m p t i o n Boston Albanv PhilacielphiJi. . . . . . .Pittsburgh Wasliington New Orleans. •Cincinnati Cleveland Chicago D'etroft Milwaukee St. L o u i s 0 1 2 3 4 6 7 8 9 10 11 12 13 14 33, 479, 959 N e w Y o r k C i t y . . . 15 San F r a n c i s c o 16 130 REPORT ON T H E FINANCES. ^ III.—Tahle of the state of the latuful money j-eseiTCT-Continned. States and Territories. Maine N e w Hamiishire Vermont Massachusetts Rhode Island Connecticut New York New Jersey Pennsylvania , Delaware Maryland ' D i s t r i c t of Columbia Virginia West Virginia...'... N o r t h Carolina S o u t h Carolina Georgia Alabama Texas , Arka,nsas Kentucky Tennessee Ohio :.. Indiana Illinois Michigan Wisconsin Iowa Minnesota Missouri Kansas Nebraska Oregon Californinj.......'' N e w Mexico Colorado Utah Wyoming Idaho Dakota Montana Total Nuniber of banks. 63 42 42 166 62 80 221 62 157 11 19 1 22 17 10 12 13 9 7 2 30 23 157 92 116 74 41 75 32 29' 26 10 1 3 2 6 3 2 1 1 . 5 •^,747 Liabilities to be protected by reserve. P e r cent, R e s e r v e , req u i r e d , 15 R e s e r v e held. of r e s e r v e to liabilipes.- cent, of ties. liabilities. $14, 837, 824 7, 639, 990 11, 390, 494 59, 468, 793 21, 394, 023 32, 609, 037 77, 949, 443 29, 254, 903 55, 852, 972 3, 026, 796 4, 485, 834 706, Oil 9, 498, 411 .5, 347, 270 4, 369, 553 3, 717, 923 4, 229, 430 2,117, 225 2, 096, 878 362, 902 8, 038, 222 7, 316, 286 41, 639, 247 29, 083, 432 25, 734, 087 14, 619, 293 7, 531, 065 14, 852, 950 10, 473, 293 6, 759, 806 4, 642, 594 3, 573, 959 1, 038. 290 1, 316, 441 429, 478 2, 931, 978 1,120, 979 .213, 537 166, 194 329, 783 964, 286 $2, 225, 674 1,145, 998 1, 708, .574 8, 920. 319 3, 209,103 4, 891, 355 11, 692, 416 4, 388, 235 8, 377, 946 454, 019 672, 875 105. 901 1, 424i 761 "802, 090 655,4.33557, 638 634, 414 317, .590 314, 531 54, 435 1, 205, 733 1, 097, 443 6, 245, 887 4, 362, 515 3, 800,113 2,192, 894 1,137,160 2, 227, 942 1, .570, 994 1, 012, 621 696, 389 536, 094 155, 744 *2.52, 344 ()4, 422 439, 796 • 168,147 32, 031. 24, 929 19, 467 144, 643 532, 971, 917 80, 000, 665 $3, 215, 585 1, 5.51, 214 2,133, 513 11, 913, 703 3,965,799 7, 338, 845 15, 839, 348 6, 348, 281 11, 364,162 614, 221 .1,102,582 268, 339 1, 623, 055 950, 477 719, 586 456, 696 614, 985 408,133 • 741,805 62, 598 1, 691, 017 1, 3.53, 001 8, 524, 776 5, 299, 349 6,185, 002 2, 641, 470 • 1. 763, 488 3, 295, 941 2, 716, 452 1, 289, 092 971, 737 912, 701 316, 803 301,103 484,181 596,118 150, 987 38, 062 . 25,800 32, 800 287, 648 110,110, 455 21.6 20.3' 18.7 20.0 18.5 22. 5 20.3 21.7 20.3 20.3 24.6 38.0 17.1 17.8 16.5 12.3 14.6 19. .3 •35.4 17.2 21.0 18.5 20.5 18.2 24.0 18.1 23.3 22.1 26.9 19.1 21.0 25. 5 30.5 22.9 1L3 20.3 13.5 17.7 1.5.5 25.3 29.8 20.7 * R e s e r v e r e q u i r e d i n California gold b a n k s , o u t s i d e of San Tahle of the state of the lawful money reser-ve—Continued. Cities of r e d e m p t i o n . Boston Albany Philadelphia... Pittsburgh Baltimore Washington . . . NewOrleans... Louisville Ciucinnati Cleveland Chicago Detroit Milwaukee . . . . Saint Louis Number of banks. 51 7 29 16 14 3 9 6 5 6 18 3 4 Total N e w Y o r k City San F r a n c i s c o . •48 Liabilities to be protected by reserves. R e s e r v e reP e r cent, q u i r e d , 25 of r e s e r v e p e r x e n t . of R e s e c v e held, to liabililiabilities. ties. $81, 571,340 32,721, 460 52, 887,628 17, 958,572 19, 990,820 2, 209,032 10, 231,772 3, 224,355 12, 278,228 7, 064,795 .30, 031,08®' 4, 702,924 3, 995, 10, 246, $20, 392, 835 3,180, 365 13, 221, 907 4, 489, 643 4, 997, 705 552, 258 2, 557, 943 806, 089 3, 069, 557 1,766,198 7, 505, 272 1,190, 731 998, 052 2, 561, 720 $18. 478, 773 4. 405, 391 13, 572, 9.55 4, 913, 393 3, 942, 923 387, 519 2, 335, 440 843, 588 3, 594, 965 1, 592, 797 8, 814, 904 1, 303, 897 1, 307, 401 2, 601, 652 22.6 34.6 25.6 27.4 19.7 17.5 22.8 26.2 29.3 •22.5 29.4 27.4 32.7 25.4 269,164. 700 67, 291,175 68, 0a§, 598 25.3 201, 074, 964 50, 263, 741 46, 864, 341 23.3 4, 481, 396 1,120, 349 1, 514, 742 131 COMPTEOLLEE OF THE CUEEENCY. STATES, as shown hy the reports of Septemher 12, 1873. F u n d s a v a i l a b l e for r e s e r v e . Specie. Legaltenders. $22, 835 '4, 260 39, 706 196, 469 ' , 35,118 62, 399 238, 327 111,015 61, 874 2, 746 . 16 981 2 215 17. 252 13, 223 31, 89119, 831 43, 956 34, 916 257, 589 1,014 9, 345 50, 596 29,115 ' 23, 864 72, 698 37,186 12, 938 31, 085 30, 232 17 309 4, 224 4,665 56 009 245, 540 109, 073 2,938 286 2, 633 11, 429 222 108, 632 $1,111,466 507, 8.55 . 605,199 ,3, 615, .406 1, 551, 035 2,421,018 4, 927, 757 2, 204, 318 4, 815, 315 277, 221 421,938 145, 000 841,214 451, 607 • 416,097 . 283, 976 495,154 258, 498 315, 754 45, 603 543, 634 713, 722 4, 076, 111 2, 374, 909 2,273,451 1, 362, 349 704, 097 3,417,937 1, 068, 798 559, 242 398,172 269,187 62,210 45, 167 344, 509 107, 008 51, 386 26, 9.59 14,-371 26, 888 123,190 2, 071, 686 42, 279, 728 Clearing-house certificates. U . • S. certific a t e s of deposit. $20, 000 35, 000 150, 000 880, 000 25,000 35, 000 835, 000 50, 000 10, 000 10, 000 60, 000 20, 000 105, 000 15, 000 • D u e from redeeming agents. $2, 061, 284 1, 004, 099 1, 338, 608 7, 221, 828 2,3,54,646 4, 820, 428 9, 838, 264 4; 032, 948 6, 436, 973 324, 254 663,663 121, 124 764, 589 ^475, 647 ''2?1, 598 152, 889 75, 875 114, 719 368,462 15, 981 1, 078, 038 •538, 683 4, 399, 5.50 2, 795, 576 • 3, 838, 853 1, 226, 935 • 1,046,453 1, 846, 919 1. 617, 422 712, 541 569, 341 638, 849 198, 584 10,396 30, 599 486,172 99, 315 8,470 5,690 52, 776 2, 250, 000 States and Territories. 0 1 Maine New Hampshire Vermont . . . . Massachusetts Rhode I s l a u d . . . ". Connecticut New York New Jersey Pennsylvania Delaware Maryland D i s t r i c t of Colombia. Virgiuia West Virginia N o r t h Carolina S o u t h Carolina Georgia Alabama Texas Arkan.sas Iventucky Tennessee Ohio Indiana Illinois Michigan AVisconsin.. -. Iowa Minnesota .... Missouri , Kansas Nebraska Ore«"on California N e w Mexico Colorado Utah W.yoming Idaho Dakota Montana 93 94 95 96 97 op oq 30 31 39 33 34 35 36 37 3f^ 39 40 41 Cities of r e d e m p t i o n . ^ 3 4 5 fi H q 10 n1'9 13 14 15 16 17 1ft 19 90 91 00 63,509,041 N Francisco, 25 per cent, on circulation aud 15 per cent, on deposits. CITIES, as shown hy the reports of Septemher 12, 1873. F u n d s available for reserve. Specie. L e g a l tenders. .$1,412, .396 7. 335 264, 430 36 320 30!» 923 5,931 236, 360 517 37,016 3,750 103, 404 226 5,774 19, 545 . $7,767,508 750, 645 4, 056. 243 . 2,511,746 •' 1,444,434 220,266 , 1, 341, 329 513, 616 1,263,816 926, 000 5,132, 878 677, 699 ' 570, 428 1, 289, 377 2, 242, 927 28, 465, 985 U , '585, 811 21, 468, 5^0 968, 043 133, 420 Clearing-house certificates. U . S. certificates of deposit. $930, 000 935, 000 3, 720, 000 100,000 1, 090, 000 $175,000" 625, 000 50, 000 100, 000 7, 550, 000 17.5, 000 Due frora redeeming agents. $8, 368, 869 2,712,411 5, 357, 282 2, 265, 327 1, 298, 566 161, 322 757, 751 329, 455 1, 669,133 613, 047 3, 578, 622 525, 972 731,199 1, 292, 730 p Boston Albany Philadelphia Pittsburgh Baltimore W a s h i n gton N e w Orleans Louisville Cincinnati Cleveland Chicago Detroit 1 Milwaukee Saint Louis •. 1 2 3 4 5 6 7 ft q 10 11 12 13 14 29, 661, 686 10, 810, 000 413, 279 1 £ ^ N e w York City 15 San F r a n c i s c o 16. 132 REPORT ON THE FINANCES. IV.—Tal)le of tlie state of the lawful money reserve of the national hanks ofthe United States at. condition made to the STATES No. of Dates. Jan. 6,1368 A p r i l 6 , 1 3 6 3 . . .• J u l y 6, 1868 . . . . ' . . Oct. 5,1868 J a n . 4,1869 Aprill7,1869 J u n e 12,1869 Oct. 9,1869 J a n . 22,1870 M a r . 24,1,870 J u n e 9,:L870.. Oct. 8,1870 Dec. 28,1870 M a r . 18,1871 April29,1871 J u n e 10,1871 Oct. 2,1871 Dec. 16,1873 F e b . 27,3872 ." A p r i l 19,1872 J u n e 10,3 872 Oct. 3,1872 Dec. 27,1872.: F e b . 28,1873 .' A p r i l 25,1873 J u n e 13,1873 Sept. 12,1873 banks. '.. .<5 : Circulation and deposits. 1, 418 $405, 322, 366 412, 251, 301 1, 418 419, 737, 829 1,414 414, 776, 428 1, 422 406, 128, 844 1,408 394,61.5,851 1. IOO 395, 378, 414 1, 100 394, 376,119 1. 398 1, 396 , 399,041,343403, 873, 222 3, 397 406,140, 873 1,396 1, 400 1 404, 337, 512 406, 311, 675 1, 430 423, 793, 830 1, 465 436, 412, 072 1,484 443,15.5,383 1, 497 467, 619, 031 1,536 460, 710, 213 1,564 481, 506, 93(5 1, 586 484, 854,125 1, 616 490,608,432 1,626 •1,689 . 506,713,150 500, 723, 505 1, 707 517, 267, 245 1, 717 514, 998, 003 1,732 .5':^4, 531, 472 1, 737 532,971,917 1,747 Reserve required. $60, 798, 353 61, 837, 703 62, 968, 1.77 62, 216, 475 60,919,326 59,192, 376 59, 306, 761 59,156,419 59, 856, 202 60, 580, 977 60,921-, 131 60, 650, 626 60, 946, 7.50 63, .569, 073 0.5,461.811 66, 473, 276 70,142, 854 69,106, .532 72, 226, 040 72, 728,118 73, 591, 264 76, 006, 972 75.103, 526 77, 611, 640 77,281,146 78, 722, 905,80, 000, 665 R e s e r v e held, $96, 873, 050 94,143, 672 100, 782, 520 95, 2.52, 448 92, 999, 217 82, 523, 406 85, 673, 334 80, 965, 643 93, 426, 468 92, 383, 755 92,037,33284, 777, 956 85, 723, 389 95, 615, 960 98, 693, 874 101, 706, 605 98, 946,184 91, 728, 626 102, 275, 001 98,012,845 101, 821, 660 97, 765, 876 102, 033, 935 107.595,294 105, 686, 322 108, 348, 248 110,110, 455 AND R a t i o ol| reserve itoliabiities. Fh~ ct. 23.9 23.8 24 22.9 22.9 20.9 21. 6 20.5 23.4 22.9 22.7 20.9 21 22.6 22.6 22.9 21.2 19.9 21.3 20.2 20.8 19.3 20.4 20.8 20. 5 20.7 20.7 N O T E . — T h e r e s e r v e w h i c h t h e b a n k s in t h e S t a t e s a n d T e r r i t o r i e s a r e r e q u i r e d t o REDEMPTION R a t i o of Dates. Jan. 6,1868 A p r i l 6,1868 July 6,1368 Oct. 5,1868, Jan. 4,1869 A p r i l 17,1869 J u u e 12,1869 Oct. 9,1860, J a n . 22,1870. M a r . 24,1870. J u n e 9,1870 Oct. 8,1870 Dec. 28,1870. M a r . 18,1871, A p r i l 29,1871. J u n e 10,1871 Oct. ' 2,1871, D e c . 16,1871, F e b . 27,1872 A p r i l 19,1872 J u n e 10,1872 Oct. 3,1872 Dec. 27,1872. F e b . 28,1873 A p r i l 25,1873 J u n e 13,1873 Sept. 12,1873 No. of bauks. Circulation aiid d e p o s i t s . P e s e r v e required. Reserve held. r e s e r v e 224 $439, 653, 338 $109, 913, 335 $146, 041, 738 225 429, 084, 929 107,271,231 130,148, 347 225 493, 814, 023 123, 453, 505 160, 352. 080 223 440,170, 650 110,042,664 139, 227, 396 220 428, 310, 661 107,077,665 140, 320, 761 220 400, 006,-281 100, 001, 571 115, .570, 842 219 425, 263, 320 106,315,832 125, 468, 496 219 403, 632, 332 100, 908, 081 127, 256, 666 218 447, 831, 836 111, 957, 959 155, 894, 990 218 445,'759, 265 111, 439, 813 143,139, 798 216 460,166, 341 115, 041, .582 150, 572, 350 ' 215 409, 060, 815 102, 265, 204 118, 633, 295 218 420, 796, 417 105, 199,105 123,816,297 223 466, 973, 869 116, 743, 467 138. 772, 908 225 476.104, 067 119,026,015 144,809,917 22() 510,018,734 127,504,683 159, 693, 896 230 484, 634,132 121,158,533 134, 463, 827 226 456,721,899 114,180, 474 126, 916, 204 223 470,889,271 117, 722, 318 126, 440, 065 227 460, 754, 376 115,188,594 124, 949, 109 227 499, 398, 300 124, 849, 574 144, 672, 283 230 443, 349, 305 110, 837, 326 112,152,0.56 233 461,855,292 .115, 463, 822 123,136, 887 230 475, 475, 970 118, 868, 991 121, 049, 950 230 464, 729, 950 116,182, 487 119. 676, 330 231 492, 717,130 123,179, 234 143, 830, 285 229 474,721,060 118, 675, 265 116, 474, 681 to liabilities. Pei c t 33.2 30.3 32.5 31.6 32.7 28.9 29.5 31.5 34.8 32.1 32.7 29 29.4 2^.7 30.4 3L3 27.7 27.8 26.9 27.1 29 25.3 26.7 25.525.8 29.2 24.5 N O T E . — T h e reserve which the b a n k s iu t h e redemption cities above are required to 133 COMPTEOLLEE OF THE CUEEENCY. various dates, f r o m J a n u a r y 6,1868, to Septemher 12, 1873, a s Comptroller of the Currency. , - hy the reports of their TERRITORIES. Funds available for reserve. Specie. $2, 565, 221 1, 804, 017 2, 058, yS9 1, 781, 317 2 819, 665 1, 705, 877 1, 597, .541 1, 573, 300 3,146,141 3, 329, 055 2, 912, 275 2, 357, 856 2, 359,126 2, 420, 987 2, 504, 655 2, 032, 371 f, 814, 927 2, 043, 411 •2, 816, 771 2,600,614 1, 890 232 1, 950,142 -1,978, .383 io5'79, 651 17567,149 1,735,293 '• 2, 073, 686 Legal-tenders. $36,'l38, 801 34, 735, 700 38, 247.168 39, 034, 570 40, 724, 681 37, 213, 372 36, 232, 475 36, 215, 334 36, 855, 868 35, 659, 362 36, 992, 740 3.5, 46.5,-915 36, 842, 257 3.5, .589, 817 38, 506, 524 38, 481, 5.50 40,139, 433 39, 380, 993 39,792,119 42, 485, 632 41,495,581 42, 717, 294 43, 228, 892 41, 598, 799 43, 202, 852 42, 800, 960 42, 279, 728 Compoundinterest notes. Clearinghouse certificates. $12, 933, 550 11, 806, 040. 6, 478, 600 2,131, 020 "* Three p e r cent, certificates. D u e f r o m red e e ni-i n g agents. $1, 440, 000 2, 905, 000 4, 265, 000 5, 245, 000 4, 81.5, 000 4, 595, 000 4, 235, 000 ^ 3,795,000 3,370, 000 '3, 265, 000 3, 115, 000 2, 890, 000 2, 545, 000 2, 245, 000 2, 040, 000 1, 885, 000 1, 355, 000 1, 060, 000 810, 000 690, 000 605, 000 335, 000 18.5,000 90, 000 10, 000 10, 000 $43, 795, 478 42, 892, 915. 51, 732, 763 47, 060, 541 44, 639, 871 39, 009,1"57 43,608,318 39, 382, 014 .50, 054, 459 50, 130, 338 49,017,317 44,064,185 43, 977, 006 55, 360,156 55, 647, 695 ,59, 307, 684 55, 636, 824 49, 244, 222 58,856,111 52, 236, 599 57, 830, 847 52, 543, 440 56, 291, 660 62, 641, 844 59, Oil, 321 61, 696, 995 63, 509, 041 United States certificates of deposit. $220 000 350 000 1, 485, 000 1,895,000 2,125, 000 2, 250; 000 keep, is 15 per centum of the aggregate amount of their circnlation and deposits. CITIES. .o^ Funds available for reserve. Specie. $15, 538, 758 13 575 641 18, 696, 932 9, 686, 044 24, 458, 946 6 768 826 15,882,535 20, 415,157 43, 005, 329 32 703 399 27, 023, 254 12,108,149 19, 949, 751 19 516 341 15 788 996 14,171,225 10,226, 739 23 273 114 19, 504, 567 17,142, 870 18,040,028 8, 279, 613 17, 068, 954 15, 998, 022 15 301 659 26, 234, 795 17, 796, 781 Legal-tenders. $78,167, 690 49, 654, 519 6,3, 918, 932 53, 418, 905 47,514,619 43, 661, 789 44, 701, 644 47, 503, 961 49, 256, 634 44, 720, 616 53, 718, Oil 4i; 737, 662 41,680,48853, 253, 532 65, 006, 031 81, 923,110 66, 848,-2.'^3 52, 633, 689 55,118, 281 60, 822, 823 78, 001, 259 59, 356, 810 57, 358, 477 54, 816,110 56, 732, 435 63, 20,5, 531 50, 067, 935 Compoundinterest notes. Clearinghouse certificates. $27, 063. 480 27,111,450 12, 994, 620 2, 382, 710 $17, 956, 000 19, 881, 000 21, 403. 000 19,136, 000 20, 498, 000 20, 599, 000 21, 581, 572 19, 248, 000 20, 322, 070 16, 633, 026 16,195, 000 13, 909, 000 12, 092, 577 8, 632, 000 5, 560, 000. 2,115, 000 1, 370, 000 670, 000 175, 000 Three p e r cent, certificates. D u e from redeeming agents. $6, 805, 000 $18,466,810 21, 3.50, 000 18, 456, 737 24,101, .596 40, 640, 000 19, 904, 737 53, 835, 000 21, 087,196 47, 260, 000 18, 545, 227 46, 595, 000 19, 304, 317. 45, 580, 000 42, 050, 000 • 17,287,543 21, 587, 027 24, 090, 000 . 23, 304, 783 22, 530, 000 25,618,085 22, 810, 000 22, 211, 484 23, 440, 000 20, 828, 058 20, 860, 000 28, 449, 035 16., 955, 000 29, 413, 318 13, 020, 000 33, 061, 561 11, 290, 000 31 241 785 5, 825, 000 28, 741, 375 5, 635, 000 30, 692, 217 4, 930, 000 29, 883,-416 3,190, 000 33, 733, 421 2, 805, 000 28,173,633 1 1, 220, 000 30, 074, 456 775, 000 30,825,818 320, 000 29, 797, 236 33, 479, 959 30, 074, 965 keep, is 25 per centum of the aggregate amount of their circulation and deposits'. United States cerfeificEites of deposit. $6, 490, 000 12, 300, 000 1'6, 975, 000 16, 475, 000 20, 240, 000' 18 360 000 134 REPORT ON T H E FINANCES. . V.—Tahle showing for twenty-seven different dates during the years 1868 to 1873. inclusive, the redemption cities 1 1868. States and Territories. 1 Jan. A p r i l July I 6. IPerct 23.6 11 Maine 28.8 21 New Hampshire i 20. 9 31 Yermont 24. 5 4 j Massachusetts 21.5 51 Phode Island 22. 9 61 Connecticut 7J NewYork : . . . . 23. 26.8 81 New Jersey 22.8 91 Pennsylvania 23. 3 101 Delaware 25.3 11 Maryland..- 6. 6. 1869. 1870. 1 Oct. 1 Jan. April June Oct. Ljan. 5. 17. ^' 12. 9. 22. Mar. IJune i Oct. 24. 9. 8. iPerct IPerct [Perct IPerct IPerct IPerct iPerct \Perct IPerct IPerct Perct 22.6 21.5 22.7 I 20.7 18.3 21. 19.1 22.7 22.7 22. 20. 7 24.1 23.6 25. 6 1 23. 9 21.4 23.7 22. 23.6 2 L 5 22.3 22.1 21. 21.4 22. 8 24.5 19. 22. 20.8 22.8 22.3 22.7 24. 3 24.9 23.7 22. 9 22.8 24.3 23. 2 23.4 fj-p Plnli-iTiilii o 12 Jl^ii'sf.Tir-'.t, 19.1 :14:.8 il7 2 . ' A O t i l XVj U V/X \ . . / U l L L L L I I L / I C I J . 19!2 18. 9 20.8 Virginia We-stATireinia....-.". 21.6 19. 3 20.1 14 151 North Carolina ". 27.7 2.5.1 24.2 64. 64.8 61. 161 South Carolina 37.9 34.9 36.4 171 Georgia 36.2 36.5 41.6 18i Alabama 19 1 Miee-iscjin-ni 24. 8 31 5 45 4 47! 54^6 .5L2 20 Texas 21.3 9 . 3 19.2 21 Arkansas 22. 25.2 24.9 22 Teunessee •. 24.6 23.5 22. 8 23 Kentucky 22.9 21.1 21.9 24 Ohio...v. 25 I n d i a n a -... 22.2 22.3 21.2 261 .Ulinois 1 24. 9 23. 9 26.1 I 25.4 24.3 21.5 27 M i c h i g a n 28. 24.2 27.5 28 W i s c o n s i n 21.9 19.6 22. 29 M i n n e s o t a 26.3 24.2 32.4 30 I o w a 311 M i s s o u r i 24.2 24.6 28.3 321 K a n s a s 15.5 32.7 39. 331 N e b r a s k a 17.3 20.4 49.8 34 i N e v a d a 24. 26.5 28. 351 Oregon 38.2 37.3 40.5 36 California 37 f M o n t a n a 42.4 '41.'9' 1 2 . 3 19.8 44.8 38 I d a h o 30.1 18. 23.9 391 Colorado 17.1 12.-f]> 18.4 40 f Utah ill 21.1 23. 2 20.9 21.4 22.5 24.5 22.3 23.6 24.2 20 8 19.3 19.9 23.3 31.6 38.1 34.7 44. 7 39! 8 16.8 2L4 23.2 2L1 20.7 24.6 24.9 23.1 23.5 21.9 25.4 28.5 50.5 .31. 9 ,30.1 2 L 7 13.9 21. 8 23.3 21.1 20.7 19.6 18.1 •17. 5 20.9 19. 6 23.122.1 20.3 19.6 23. 3 24.2 23.6 22.2 21. 21.8 2.5.1 23.5 22. 3 22. 9 2 L 7 24. 37. 9 19.1 1 2 . 7 "15." .3" 20.5 16.9 16.2 23.1 2.5.6 25.4 46.4 43.9 .53. 9 38.4 31,2 41.7 34.1 28.8 ,35.7 fso.'i' 12.9 27.1 1 24.9 ! 22.1 121.2 •.24.7! 24. 2 27. 4 20. 5 23. 7 25.9 2.5.3 42.6 29. 38.1 42.'7" 2L9 22.8 28.6 19. 19.2 21.8 23.2 23.2 17.1 21.3 24.7 26.8 32. 9 49.3 28.4 41." i '4.5.'9' 1 5 . " 21.7 30.8 31. 33.9 2.5.5 24.5 18.9 16.7 411 Wyoming .52." 7' 22.3 24.3 22.3 19.5 19.3 24.8 2L4 25.1 21.1 24.7 23.5 22.7 32.8 42.4 25.5 19.3 20.6 19. 23.4 19.9 21.4 20.6 25; 7 26.3 21.7 24. 9' 20. 9 26.1 23.7 25. 2 22.4 25.1 27. 5 19.5 22.5 18.6 24.3 23.1 23.7 24. 24.6 28.2 20. 7 21.8 18.6 24.8 2L9 24.4 22.5 19.5 30. 6 19.7 20. 8 19.9 22.1 20.3 22.4 20.1 23. 27.3 12. 1.5.7 19.7 27.7 30.9 36.6 16." 2' 20. 4 25.3 26. 6 30.1 30.9 ie.'g" 20. 17.4 24.8 18.9 21.5 22.8 21.5 -23.9 ^21.1 30.8 28.1 29.6 17.5 1 0 . 7 1^7. 9 iai' 'is." 5' '46." 7" 1 46."2' 49." e' 45." 7' '.39." 9' 8 . ^ 8 . 6 22.9 19.6 1 0 . 5 20.4 27. 21.8 27.2 19.6 2 L 2 19.7 18.4 22.3 22. 3 21.8 23. 5 20.4 24.4 18.1 16.8 20.3 22.9 20.2 ,24.3 20.5 2 L 9 18.8 30. 4 24.7 27.5 2L3 19.3 24.7 21. 23.2 20.1 24.6 26.9 18.9 30. 24.1 24.2 20.8 20.9 26.2 22„ 5 24.2 24.9 24.4 28.3 23.8. 33.3 22.3 20. 9 19.9 19.'7 ^0.3 19.6 21.8 23.4 21.5 21. 9 20.6 28. 'd'o'.i '29.-2" '22."" "32.'i" '24." i ' 34." 7' 22." 2" "l.5."i' 25.8 25.1 1 3 . 6 31.1 34.9 27.9 15.3 32.3 6.4 iae" 'is.'" 42." 2' 17.8 27.9 40.7 44.1 3.5 13.5 22.9 22.7 42 N e w M e x i c o I i Averages 1 NewYork.. 2H Boston ..' 31 Philadelphia 41 A l b a n y 5i P i t t s b u r g h . . . : 6 Ba,ltimore Washington 8. N e w Orleans 9 J Louisville 10 C i n c i n n a t i 11S C l e v e l a n d 12| Chicajro 13j Detroit ^. 14J Mil w.auke6 15 p S a i n t L o u i s 16 L e a v e n w o r t h 171 San F r a n c i s c o Averages J 23.9. 22.8 24. 22. 9 22. 9 20.9 21. 6 20.5 23.4 20 9 Redemption cities. : 33.8 32.1 36.9 36.2 | 29 2 '.. 1 32 4 26.8 36. 3. I 29.8 j 23.4 29.2 \ 32. 6 | 4L7 | 33. { 26.5 23. ,31.9 31.9 26.3 34.8 32.3 .36.8 34.3 .31.1 30 6 27.9 27 8 31.2 •24 2 27.5 42.5 34.8 -36. 31. 2 4 . 3 26.6 26.4 Z 1 . 5 \ 30.6 34.2 35. 29.9 30. 6 32.2 26.8 28.9 16.5 1 9 . 3 32. 6 1 33. 2 28.8 30.1 32. 1 28.4 2 7 . 3 ' ,32. 9 30.2. 30.4 42. 1 • 41.5 37. 9 29.3 25. 1 2 4 . 9 30. 9 28.4 25.5 2,8. 6 27.8 27.5 31.4 36.5 44.3 30.1 29.7 26.8 28.4 2 3 . 8 2 4 . 3 30. 6 25. 25.9 35.1 30.2 33.4 32.1 27.6 31.7 34. 7 28.7 30.7 .24.9 9R ^ 2 2 . 8 27.4 23.6 p i . S 24.(5 2 0 . 8 30. 3 31. 9 35. 9 2( 4 28 2 26 1 38. 9 29.4 25.1 27.7 35.3 36.7 33.4 j 33.2 30.3 32.5 31. 6 1 32 7 128.9 29. 5 » .I I I • r. I I - l 1 34.7 37.7 32.8 27.1 31.8 30. 29. 9 32.3 33.5 30.5 41.6 43.6 27.3 1 27.7 27.4 2 4 . 9 3 L 3 31.1 26. 4 i 26.6 27.5 31.4 43.2 1 28. 8 28. 2 28. 4 1.31.4 28., 5 28.4 29.1 29.3 29.7 28.9 30. 5 30. 4 30.-6 32. 7 29.9 28.3 28. .32.1 • 31.5 25.2 31.5 31.6 32 2 34.7 35 7 1 33.7 28.5 29. 5 29. 6 35. 28. 9 44.9 39. 28. 6 29 2 31. 5 26 1 27. 4 27 3 28.8 2 2 . 9 27.6 32 28 9 27.9 27 5 26.3 29.4 30.7 33.3 32 2 37.4 32.9 32 5 27.1 38 4 3 3 . 8 31 5 j 34.8 32 1 32 7 i I ! 29. I . I NOTE.—The reserve which the banks in the States and Territories are required to keep is 15 per redemptiou cities" are required to keep is 25 per centum ofthe aggregate amount of their circulation printed rintn.fl in bold-face hnlrl-fi-ir'A type, f.vnA 135 COMPTEOLLEE OF THE CUEEENCY. pei'centage of reserve to circulation and deposits, in each\ of the States, Territories, and of the " " • 1872. . Apr. Jnne 19. 10- Oct 3. 1871. Dec. 28. Mar. 18. April 29. June 10. Oct. 2. Ferctl F e r c t F e r c t P e r c t P e r c t \ 22. D 22.1 22.4 22.7 21.7 21.2 25. 22.7 25.5 23.7 20.6 20.6 20.7 2 L 3 20. 8 20.3 22.6 23. 22. 2 20. 7 18." 18.6 19.5 21. 18. 9 22. 8 24.4 26. 2.5.2 20.1 19.6 • 24.2 22.5 22. 3 20. 22. 3 23.9 23.1 24.5 22.5 20.5 21.9 22.2 2 L 9 19. 4 •19. 5 20.8 20.9 20.6 22. 7 27. 0 26. 24.1 26.4 29. 6 "l8."2' " ' l 7 . " 9 ' '""l6.'9 "i7."9' 'i7."2" 17.1 16.2 16.9 17.4 20.3 18.6 22.2 20.7 21.9 18. 21.6 26.6 31.9 23.1 20.1 28. 25.7 30.7" 28.5 19.9 6L5 42.4 3 L 8 34.7 15.8 "34.'5 '""41.'4 13.8 14.4 25.4 22.1 22. 4 20. 20.9 21.1 20. 18.8 23.3 22.2 22. r 24.6 23.2 22.8 19'. 2 j 17.1 22.9 1 21.9 23. 5 •20.1 19.6 2L8 24.1 25.1 "so.'i '40." ' 9 . 7 10.5 21. 23.2 19.4 20.3 21.4 22.4 22.3 23.9 21. 4 24.8 24.6 24.1 22.7 24.5 19.6 21.6 22.6 24.7 20.8 20.9 22.4 15.8 28.8 28.1 Dec 16. Feb. 27. Perctl F e r c t F e r c t : 18. 3 22. 18.6 21.2 22.3 20.3 18.4 1 18.7 XI. 18.' 20.6 19.5 17. 18.2 17. 2 22.5 24.3 20.9 18.4 21.1 20. 2 L 4 22.5 22.4 18.4 21.5 21.3 18.5 21.8^ 17. 24.5 24.6 21.7 30.8 'i9."l'' "is."?' 18.6 20.2 19.8 16.3 21.4 22'. 21. 18.7 23.2 20.4 19.4 26.2 24.7 28.9 28.9 29.5 38." 'si.'i 35." 7 '39." 7" 20.6 11.4 29.4 1 1 . 6 19.5 22. 21.4 21.6 22.8 18.8 18.6 18.4 21.6 21. 20.8 19.4 23. 19.7 19. 20.6 22.5 22.3 .22.8 20.6 24.4 22.4 21.2 f 9 . 5 22.3 23. 22. 4 20.1 25.4 19. 4 17.1 16.5 24.1 2 L 6 22. 22.6 19.5 20. 19.9 19.6 22. 20.4 3 3. 22. 24.9 24. 16.9 21. '24.'3' " * 3 4 . ' l ' """35."" '33.'i' '36." .3" '23.'3" '25.'3" '23.'7' "26.3' " 3 0 . " " ' 29.4 15.8 ,36.4 27.7 25.2 10.4 21. 22.6 13.2 '22." 2" 17.2 17.9 23.4 27.1 15.9 1.5. 27.3 39.5 18.6 9.9 22.6 22.9 is." 5" 20.3 28.2 12.6 20. 28.4 is." 2' 16. 23.5 16.3 35.7 13.2 21.2 19.9 li! 14'.2 1 3 . 6 21.1 21. 6 24.6 11.6 9 . 3 25.3 1 4 . 9 21.5 7.8 21! 3 20.2 20.8 29.4 30.4 27.7 27.8 26.9 27.1 Apr. 25. J u n e Sept. 13. 12. ii\7 29. 30.9 26.7 27.6 25.7 26.* 7 29.1 31. 29. 9 27.1 26. 6 2 6 . 1 26.2 27.4 31.5 30.6 27.4 26.9 27.1 27.7 31.4 42.5 49. 36.1 34. 32.3 31.4 35.2 27.2 27.6 28.3 24.3 28. 23.5 25. 9 29. 30.1 26. 27.2 25.8 26.8 27.1 39.2 34. 5 27.5 2 4 . 1 3.5. 34.4 34. 9 35.2 33.2 2 2 . 6 .14.9 3 L 6 1.28.9 27.2 30. 27.8 30. 25.8 25. 6 i 2 4 . 2 25. 9 32.7 34.1 35. 8 27.5 26. 25.1 28.1 30.3 29.3 29. 28.7 27.8 39. 9 24.3 32. 31.7 38.5 30.5 29.2 29.4 35. ,35.3 36.2 33. 6 29.5 28.2 2.5, 27.3 34.6 41. 31. 2.5.3 20. 9 23.3 26. 7 28.8 32.3 30.8 26.4 31.4 24.8 30.8 26.8 19.2 18.7 22.6 2 0 . 3 74.1 18.4 ,57.5 49.7 '37." 7" '42." 8' 31.3 Dec. Feb. • 27. 23. F'erct\ P e r c t \ P e r c t ] P e r c t l Perctl Perct.l P e r c t \ 19.6 19.5 20. 23.2 19.5 20.1 21.6 1 20. 3 '21. 6 21. 5 2 L 3 27.4 21.2 20. 3 2 17.9 17.7 17.7 19.4 18.1 18.6 1 \ ^ 3 20. 20.2 20.4 21. 2 20.1 20.2 20* 4 18. 18. 38.2 17.6 18.2 18.8 18.5 5 22.9 20. 6 24.7 22.5 24.6 23.6 22.. 6 19.5 18.6 20.2 20.9 19.7 19. 20.3 7 23. 20. 9 21.8 22.4 21.5 21.6 21. 8 39.4 19. 18.7 19.4 20.4 19. 3 20., 9 20.2 20. 5 18. 2 17.8 17.2 18. 2 20. 10 23.8 2I.2 23.4 23.4 23.6 22.6 ! 24., ll 38.5 32.7 28.1 32.4 22.8 30.7 1 38.^ 12 13 18. 6 1 4 . 4 17.7 16. 4 16.4 18.3 17. 16.5 17. 19.2 19. 2 18.3 18.4 17. 8 14 19.5 1 18.7 2 L 5 19.8 17.2 22.2 16.5 15 22. 5 17.8 19.1 21. 9 29.3 17.1 1 2 . 3 ] 16 21.5 21.5 31. 3 1 22. 3 1 17.5 19. a 1 4 . 6 i 17 29.4 '16.5 28. 3 1 25. 3 23.8 24. 6' 19.3 1 18 19 '.35.'4' 20 '33.'3' "26." e' "34.7 1 3 L 6 33." 8 "4i." 19.6 14.6 17.3 13.5 1 3 o 2 27.4 17.2 21 21.9 16.6 19.4 -.20. 8 21. 23.1 .18. 22 38. 18.1 19.5 "20. 8 •17.9 18.5 21. 23 20.5 18.1 19.1 20.8 19.7 19.8 20.5 24 22.2 19.4 18.7 19.4 21.5 20. 18.2 25 24. t U 4 20.3 23.2 23. 23.9 24. 26 19.2 19. 19.9 19. 9 18.6 18.3 18.1 27 2L 22.1 22. , 20.8 19.7 20.1 23.3 28 21.7 19.8 19.6 : 17.1 16.9 21.3 25.9 29 22.1 18.6 19.9 i 20.2 20.7 24.6 22.1 30 22.9 .17.6 19.3 : 20. 2 21.8 20.2^ 19.1 31 23.7 22.3 18. 9 ! 19.4 22. 2 22.1 21. 32 27. 22.5 19.5 1 22.3 19. 30.3 25.5 i 33 1 34 '2s." 4' '27." 6" '32." 5' '29.'4' '36." s" '39." 5" '36.'5' 35 20.5 32.7 28.4 22. 8 22.8 22.9 1 36 16. 24.9 1 23. 4 18.3 19.6 29.8 1 37 48.1 3.6.6 18.6 17.5 13.4 19.4 15.5 i 33 24.7 26.1 29.1 1 24.8 27.1 31. 4 20.3 1 39 6 . 9 17.3 1.2.6 16.9 \ 9 . 9 13.5 40 7.4 17.7 i 41 1 0 . 7 16.9 31.1 i 22.2 25.7 97. 1 2 . 1 17.2 16.3 1 21.7 1.9.9 22.6 11.3 1 42 29.4 28.4 32.7 23. J 29.9 30.1 41.6 40. 27.2 27.3 29. 2 28.1 26.2 30.3 3.5.9 35.6 28.2 27. 28.9 30.8 26.5 3.L3 29.4 30.1 30.4 36.7 26.8 " 2 3 . 3 27.7 1 25. 25.5 22.2 29.7 1873. 29. 19.3 24.4 24.6 26.8 24.8 24.8 26.6 22.5 22.4 25.1 23.9 27.8 27.2 27. 29.6 23.5 20.4 i 20.8 20.7 20.7 1 24.8 2 4 . 7 25.2 2 3 3 2 !24.5 25.6 26.3 22.6 26.1 27.. 25. 9 25.6 3 31.4 32. 37.3 34.6 4 25.2 26. 28.1 27.4 5 '21.7 26.2 25.2 1 9 . 7 \ 6 ,30.1 1 1 7 . 5 7 116. • 18.8 8 23.8 25.3 26.3 2 2 . 8 j-27.4 28.8 2 4 . 26.2 9 26. S 27. 29.7 29.3 10 3 L 4 26.1 25. 2 22.8 11 3 L 4 27.1 j 45.8 29.4 12 28. 7 27.6 29.6 27.4 13 25.5 2.5.1 35. 3 32, 7 14 25.9 27.4 25.9 25.4 15 . . . . - . . § 16 ii' 2"i".i 18^"" 13ir4' 33.8 25.7 25.9 27.4 ,35.9 25. 3 27.5 17. 24.8 24.1 30.6 1 27. 3 30.9 30. 29.3 28.3 m . i 21 25.3 20.5 1 26. 7 24.9 25.8 29.2 2 4 . 5 1 ^"^ ceutum of the aggregate amount of their circulation and-deposits. The reserve which the banks iji t h e and deposits. When the amount of reserve is less than the proportion ^required by law, the ratios are ABSTRACTS OF S P E C I A L R E P O B T S OF THE NATIONAL BANKS » ON ^ OCTOBER 13 AND NOVEMEBER 1, 1873. Arranged hy States and redemption cities. • NOTE.—-These reports show the priucipal items ouly of resources and liabilities, and consequently are not intended to balance. « j \ MAINE. OCTOBKK 13. VERMONT. N0VEMJ3EK' 1. 63 banks. 63 banks. Resources. $13, 337, 067 85 $13, 264, 605 22 D o a n s a n d discounts i ) e m a n d loans ' 127, 650 00 129, 000 00 D . S. b o n d s on h a n d 532, 537 23'' 524, 645 62 O t h e r stocks, bonds, a n d m o r t g a g e s . . 1, 228, 433 69 1, 393, 219 96 D u e ^rom aiip'd r e d ' g & r e s e r v e a g ' t s . 109, 436 82 l ) u e from all o t h e r b a n k s a n d b a n k e r s 127, 866 56E x c h a n g e s for clearing-liouse 382, 488 00 312, 505 00 National bank notes 30, 067 23 . 30, 098 46 Fractional currency 13, 239 81 18, 867 15 Specie—coin gold T r e a s u r y n o t e s 1,144, 404 00 1,115, 650'00 Legal-tender notes XJ o certificates of deposit O C T O B E R 13. N O V E M B E R 1. . 42 banks. $9, 767,198 08 42 banks. . $9, 620, 391 91 218, 900 00 395,100 00 866, 462 74 85, 234 68 . 210,450 00 384, 400 00 750, 783 48 64, 084 -66 173, 16, 25, 10, 737, 105, 667 370 945 000 505 000 00 ,52 19 00 00 00 16.3, 315 00 17 899 97 30, 6.53 20 11, 660 00 744, 575 00 100, 000 00 16, 916, 457 97 12, 401, 383 21 12, 098, 213 22 9, 440, 000 00 7, 875, 706 00 5, 887, 787 20 230, 950 14 7, 850, 282 50 6, 810,180 00 4,059,725 44 36, 373 25 7, 8.58, 052 50 6, 840, 224 00 3, 748, 493 10 58, 807 86 23, 434, 443 34 18, 756, 561 19 18, 505, 577 46 . 16, 910, 324 63 Totals . Liabilities. 9, 440, 000 00 7, 853, 294 00 5, 889, 356 49 • 359, 994 02 Capital stock ' Circulating notes outstanding D e p o s i t s of all k i n d s . . .... D u e t o all b a n k s a n d b a n k e r s Totals .... 23, 542, 644 51 NEW 42 banks. $6, 411, 861 99 Resources. Doans a n d d i s c o u n t s D e m a n d loans U . S. b o n d s ou h a n d . O t h e r s t o c k s , bonds, a n d m o r t g a g e s . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r l i a n k s a n d b a n k e r s E x c h a n g e s for c l e a r i n f . h o u s e National bank notes Fractional currency Specie—coin • o'old T r e a s u r y n o t e s L e g a l - t e n d e r notes U . S. certificates of deposit Clearin<^-house loan certificates Totals . . 32, 500 179;289 638, 332 12, 839 42 b a i m . $6, 300, 686' 81 32, 178, 570, 7, 00 99 22 88 258, 974 00 16,119 16 2, 380 15 573, 4.50 00 ...,.- RHODE ISLAND. HAMPSHIRE. . .500 00 989 99 247 84 801 28 262, 574 00 17, 516 77 3, 782 05 546, 273 00 • 62 banks. ,$26,406,674 97 • 62 banks. $25, 985, 822 50 84, 350 00 252,315 .59 1, 784, 621 03 587, 921 93 84, 350 00 314,765 59 • 1, 655, 399 32 , 721, 874 92 222, 065 00 58, 594 04 .32,361 70 10,100 00 . 1, 432, 634 00 5, 000 00 180 290 00 57,^419 85 46, 425 97 1,040 00 • 1, 419, ,592 00 5, 000 00 8,125, 797 39 7,020,371 74 30,.87g, 638 26 30,471,980 15 5,135, 000 00 4, 568, 855 00 2, 646, 348 98 18, 759 17 5,135, 000 4, 571, 870 2, 405,110 25, 587 20, 13, 6, 1, 20,504,800 00 13, .321, 791 00 6,177, 298 84 1, 255, 788 32 Liabilities. C a p i t a l stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e t o all b a n k s a n d b a n k e r s Totals • 12, 368, 963 15 00 00 37 13 12,137, 567 50 504, 800 00 325, 033 00 890, 802 15 468, 241 83 42,188, 876 98 41,259,673 16 137 COMFTKOLLER OF THE CUEEENCY. Ahstracts of special reports, Octoher 13 and Novemher 1, 187.3—Continued. MASSACHUSETTS. O C T O B E R 13. N E W YORK. N O V E M B E R 1. O C T O B E R 13. Resources. 166 banks. $60, 516, 459 66 L o a n s and discounts D e m a n d loans 772, 600 00 D S b o n d s on h a n d . . . O t h e r stocks, bonds, and m o r t g a g e s . . 1, 052, 397 93 D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . 5, 838,183 19 D u e from all o t h e r b a n k s a n d b a n k e r s 640, 987 35 E x c h a n g e s for clearing-house N a t i o n a l b<ank notCvS 1,113, 857 00 224, 340 05 Fractional currency .. • Specie—coiu 89, 695 51 gold T r e a s u r y n o t e s 71, 3.50 00 3, 960. 871 00 Legal-tender notes XJ. S. certificates of deposit 815, 000 00 Clearing-house loan certificates 166 banks. $59, 477, 950 33 221 banks. $67,140, 319 90 221 banks. $65,356, 319 51 778, 200 1, 027, 225 5, 4^2, 266 714, 432 00 32 07 85 773, 250 3, 032, 559 6,719,921 2,298,422 00 30 55 31 794,100 2, 920, 201 5,949,829 2, 356, 177 00 95 26 75 1, 048, 333 226, 326 109,718 54, 000 4, 004, 312 815, 000 00 13 61 00 00 00 917,076 169, 298 137, 715 39, 040 5, 530,196 425, 000 00 29 73 00 00 00 750, 045 16*1 249 137,' 639 46, 390 5, 277, 962 430, 000 00 88 20 00 00 00 75, 095, 741 69 73, 727, 764 31 87,182, 798 88 -.. 40, 32, 24, 1, 40; 762, 000 32, 741.185 23, 441, 946 950, 070 35, 28, 41, 3, '.. 99, 418, 721 28 Totals '. NOVE-MBER 1. 84,187 934 55 Tjiabilities. C a p i t a l stock Circulating notes outstanding Dexiosits of all k i n d s D u e to all b a n k s a n d b a n k e r s . Totals ' 759, 657, 760, 241, 600 423 202 496 00 00 16 12 00 00 85 04 97, 895, 201 89 BOSTON.. 51 banks. • Resources. $84,231,661 91 Loans and discounts 7, 310, 761 89 D e m a n d loans •. D . S. b o n d s on h a n d 288, 550 00 341, 975 45 Other s t o c k s , bonds, a n d m o r t g a g e s . . 5, 200, 356 13 D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . 2, 937, 025 45 D ae from all o t h e r b a n k s a n d b a n k e r s . ' 6, 259, 827 84 E x c h a n g e s fbr clearing-house 1, 095, 077 00 National bauk notes Fractional currency 176,112 18 Specie—coin 299, 310 23 .1, 473, 240 00 gold T r e a s u r y n o t e s 6, 731, 650 00 Legal-tender notes XJ. S. certificates of deposit . 950,000 00 3, 781, 000 00 C l e a r i n g - h o u s e loan-certificates Totals 121, 076, 548 08 Liabilities. Capital stock Circulating notes o u t s t a n d i n g . . . . . . . D e p o s i t s of all k i n d s • '. D u e to all b a n k s a n d b a n k e r s 50, 078, 780 26, 424, 402 41, 920, 410 16, 552,181 00 00 10 29 134, 975, 773 39 Totals 51 banks. $83, 934, 476 7, 557, 845 284, 550 345, 975 4, 538, 220 4, 297, 692 8, 201, 255 1,331,019 128, 693 360, 473 1, 774,100 7, 920, 944 1,100, 000 '4, 965, 000 83 55 00 45 68 08 96 00 22 34 00 00 00 00 00 00 08 76 140,331, 527 84 CONNECTICUT. • 671 364 335 039 00 00 82 81 109, 504, 410 63 35, 567. 671 28, 437, 688 . 40, .390,-667 2, 766, 783 00 00 66 94 107,162, 810 60 NEW. YORK CITY. 126, 740, 246 11 50, 095, 480 26, 496, 311 45, 569, 954 18,169, 782 567, 399, 854, 683, 48 banks. $122, 957, 564 56,377,465 3, 359, 750 5, 045, 638 .48 banks. 35 $117, 554, 502 51, 610, 957 56 00 . 3,388,900 4, 717, 651 46 16, 640, 556 90 41, 36.5, 234 55 4, 080, 372 00 266, 952 37 1, 287, 410 33 8, 744, 060 00 6, 347, 250 00 170, 000 00 16, 220, 000 00 282, 662, 254 52 70, 235, 000 27, 851. 206 131,030,382 55, 430, 674 17, 265, 913 56, 735, 347 5,460,589 296, 835 1, 353, 6.57 10,145, 800 14, 628, 452 1, 040, 000 15, 860, 000 34 14 00 37 65 10 00 21 00 00 00 00 00 300,058,604,81 70,235, 000 00 00 00 , 27, 835, 612 00 149,299,344 14 54 55 54,177, 476 26 284, 547, 063 09 ^301, 547, 432 40 ALBANY. • 80 banks. . Resources. $34, 401, 999 90 Loans and discounts D e m a n d loans 241, 5.50 00 TJ. S. b o n d s on h a n d . ... 946, 551.75 O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . 3, 055, .538 09 D u e from all o t h e r b a n k s a n d b a n k e r s . 1, 743, 926 75 E x c h a n g e s for c l e a r i n g - h o u s e . . 566, 843 00 National bank notes ., 78, 054 23 Fractional currency 39, 095 17 Specie—coin 5, 020 00 gold T r e a s u r y n o t e s 2, 718, 892 00 Legal-tender notes 25, 000 00 TJ. S. certificates of deposit Clearino-house loan certificates 80 banks. $33, 642, 325 18 43, 822, 470 89 Totals • -..-•- lAabilities. C a p i t a l stock . Circulating notes outstanding D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals 25, 324, 620 17, 939, 989 11, 584,192 2, 279, 572 244,150 922, 901 2, 583, 259 2, 065, 891 00 75 89 64 473, 849 71, 968 49,117 14, 370 2, 655, 815 25, 000 00 39 47 00 00 00 7 banks. $6, 0.52, 516 37 2, 052, 992 07 69, 500 00 505, 837 25 1, 423, 712 68 832, 990 07 327,164 16 132, 796 00 27, 286 24 6, 778 12 93. 000 00 596, 687 00 350, 000. 00 42, 748, 648 32 © 12, 476, 259 96 00 25, 324, 620 00 00 17, 937, 790 00 17 11, 064, 9.57 01 32 • 1, 732, 865 37 2, 6.50, 000 00 2, 035, 600 00 6, 690, 937 27 . 1, 959, 215 26 57,128, 373 49 56, 060, 232 38 13, 335, 752 53 7 banks. $5, 890, 891 1, 735, 228 69, 500 633, 887 1, 558, 665 983, 629 391, 784 110, 235 33,120 6, 747 84 30 00 25 84 72 59 00 68 76 507, 727 00 400, 000 00 12, 321, 417 98 2, 650, 000 2rm9, 351 6,282, 336 2, 069, 017 00 00 20 69 13, 040, 704 89 138 REPORT ON T H E FINANCES. Ahstracts of speciai reports, Octoher 13 and Novemher 1, 1873—Continued. PENNSYLVANIA. OCTOBER 13. 1 NOVEMBER N E W JERSEY. 1. OCTOBER 13. NOVEMBER 1. Resources. 157 banks. Loans and discounts $45, 530, 224 18 D e m a n d loans U . S. b o n d s on h a n d . 573, 050 00 2,149, 042 38 O t h e r stocks, bonds, and m o r t g a g e s . . 3, 540, 688 74 D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . 2, 446, 015 34 D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s for clearing-house National bank notes • 736, 987 00 156, 715 38 Fractional currency . Specie—coin . ' 59, 476 03 2, 000 00 gold T r e a s u r y - n o t e s 5, 403, 776 00 Legal-tender notes U . S. certificates of deposit 145, 000 00 Clearing-house loan certificates 157 banks. $44; 358, 522 58- 60,742,975 05 59, 804,162 44 31, 772, 020 00 30 594 544 12 26, 738, 340 23,193, 678 27; 971, 206 2, 433,172 26, 825, 240 23, 247, 307 27, 416, 3.55 1, 759,108 13, 858, 350 11, 036, 590 15, 379, 709 1, 736, 038 13 858, 350 11, 041, 232 14,604,991 1,477,691 Totals 62 banks. $23, 757, 029 50 \ 62i, ioo hh 2,124, 058 10 3, 003, 904 29 2, 626, 726 66 797, 263 157, 430 84, 623 2, 750 5, 882, 784 145, 000 00 81. 00 00 00 0.0 62 banlcs. $23, 099,131 20 100, 300 406, 531 3, 222, 834 1, 211,104 00 19 32 66 106 400 481, 111 2, 576,104 1, 454, 725 00 23 14 05 486,370 93, 634 37, 654 5, 800 2, 450, 761 00. 82 51 00 00 338, 974 97,108 43,259 18, 670 2 379 060 00 82 63 00 00 Liabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e t o all b a n k s a n d b a n k e r s Totals 00 00 63 20 80, 386, 396 83 00 00 87 35 79, 248, Oil 22 1 42, 010, 688 20 1 . PHILADELPHIA. 29 banks. • 29 banks. Resources. Loans and discounts $43, 8.54,100 22 $42, 814, 330 01 3, 663, 872 08 D e m a n d loans ' 3, 287, 013 38 506, 200 00 507, 850 00 U." S. b o n d s on h a n d 1, 463, 934 44 1, 456,177 46 O t h e r stocks, bonds, a n d m o r t g a g e s . . 3,119, 764 04 4, 268, 0,53 22 D u e from a,pp'd r e d ' g & r e s e r v e a g ' t s . 3, 593, 499 .88 D u e from all o t h e r b a n k s and b a n k e r s 3, 678, 386 59 E x c h a n g e s for clearing-house 6, 046, 760 23 . 6, 204, 970 00 770, 499 00 964,291 00 136, 344 76 174, 053 88 Fractional currency ' 648, 385 04 Specie—coin . ' 253, 396 66 gold T r e a s u r y n o t e s 6, 766, 349 00 8, 053, 903 00 Legal-tender notes 720, 000 00 1, 085, 000 00 U. S. certificates of deposit 3, 901, 000 00 4, 668, 000 00 Clearing-house loan certificates Totals Liabilities. Capital stock .. Circulating notes outstanding D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals..: 40, 982, 265 12 MARYLAND. 19 banks. $3, 293, 840 15 173, 450 66 367, 082 31 372, 275 21 213, 890 57 i36,i46 66 19 hanks. $3, 245, 745 73 172, 950 367,157 292,138 145, 796 00 31 15 66 19, 093 72 17, 473 32 114 578 00 20,179 49 21,223 41 sis, 2i6 66 • 528,283 00 77, 637, 817 75 5,105, 461 28 4,908,0.51 75 16, 11, 40, 9, 16, 11, 39, 12, 2, 398, 217 50 1, 953, 320 00 2, 402, 588 57 119, 497 78 2, 398, 217 .50 1,960,751 00 2 103 637 95 100,327.18 6, 873, 623 85 6,562,913 63 935, 000 937, 338 401, 852 374, 471 00 00 63 68 78, 648, 662 31 16 banks. Resources. $15, 745, 232 27 L o a n s and d i s c o u n t s Demand notes 63, ,501 92 169, 9.50 00 U . S. b o n d s on h a n d . 32, 523 10 O t h e r stocks, bouds, a n d m o r t g a g e s . . 642, 485 49 D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . 839, 786 41 D u e from all o t h e r b a n k s a n d b a n l i e r s 391,114 00 E x c h a n g e s ' for clearing-house 223, 918 00 National b a n k notes 30, 044 53 Fractional currency Specie—coin 32, 266 96 gold T r e a s u r y n o t e s 1, 792, 3.58 00 Legal-tender notes . 100, 000 00 U . S. certificates of d e p o s i t Clearing-house loan.)certificates , 00 00 43 69 74, 923,166 14 93.5, 000 941, 843 802, 928 465, 754 20, 063,180 68 00 00 18 17 81,145, 525 35 1 PITTSBURGH. Totals 00 00 96 24 1 .• 16 banks. $15,136, 097 47, 362 169, 950 . 32, 523 545, 380 740, 795 532, 830 352, 868 28,133 36,994 00 66 00 10 63 97 43 00 75 01 2, 386, 338 00 100, 000 00 BALTIMORE. 14 banks. $19, 043, 633 83 879, 060 19 225, 000 00 673, 058 96 1, 327, 004 76 685, 994 35 1, 219, 837 28 321,918 00 19,93183 80, 2.59^40 14 banks. $18, 9,58, 836 719, 970 228 000 673,058 1, 055, 379 636,171 1, 691, 666 226, 214 16 694 159, 337 27 31 00 96 09 21 33 00 87 62 i, 539, i95 66 405, 000 00 765,000.00 1, 759, 970 00 460 000 00 1,0.52,000 00 20,109, 278 .55 1 27,184, 873 60 27, 637, 298 66 Liabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s — — D u e to all b a n k s a n d b a n k e r s . . . . . . . Totals 9, 000, 000 6, 616, 373 8, 336,129 1, 315,179 00 00 58 41 25,267,681 99 9, 000, 000 6, 609, 412 8, 359, 940 1, 292,157 00 00 23 99 25,263,510 22 11, 24i, 985 7,338„032 11,149,152 3, 071,128 00 00 35 48 32, 800, 297 83 31,241,985 7, 333, 774 11,704,739 2, 806, 670 00 00 62 46 33, 087,169 08 139 COMPTEOLLEE OF THE CUEEENCY. A.hstracts of special reports, Octoher 13 and Novemher 1, 1873—Continued. 1 . DELAWARE. OCTOBER Resources. Loans and discounts D e m a u d loans O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from app'd r e d ' g & r e s e r v e a g ' t s . D u e from alf otber b a u k s a n d b a n k e r s E x c h a n g e s for clearing-house National bank notes Fractional curreucy Specie.—coiu gold T r e a s u r y n o t e s L e g a l - t e n d e r uotes U . S. certificates of deposit Totals Liabilities. C a p i t a l stock Circulating notes outstanding • D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals 13. 11 banks. $2, 363, 589 00 1, 050 177, 917 159, 507 245,204 00 61 73 78 68, 496 00 10,795 80 ' 2, 778 96 NOVEMBER 1. O C T O B E R 13. 11 banks. $2, 213, 455 38 22 banks. $7,101, 416 99 1, 179, 202, 258, 050 9.57 665 663 00 61 96 52 56,93 8 00 12, 232 72 1 2,779 39 Totals Liabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals i96,'98i"87' 370, 756 25 249, 919 21 189, 232 60 444, 929 34 312, 790 96 i35, 265 66 23, 529 24 15,126 72 92, 148 00 25, 064 24 17, 912 33 748, 6.57 66 723, 970 OG 3, 339, 098 88 3, 234, 493 58 8, 835, 652 28 8, 417 595 61 00 00 63 36 1, 523, i 8 5 00 1, 289, 365 00 1, 392, 322 37 23.5,191 17 3, 600,100 2', 930, 052 5, 267, 727 564, 546 00 00 92 81 3, .599, 400 00 2, 929, 042 00 5, 076, 441 00 434, 757 97 4, 552, 850 99 4,420,063 54 12, 362, 426 73 12, 039, 640 97 1, 523,185 1,288,117 1, 428, 840 . 312, 708 1 bank. $301, 398 28 WEST ' 1 bank. $263, 810 74 VIRGINIA. 17 banks. $4,172, 715 71 • 17 bank's. $4, 077, 513 77 00 00 45 59 7, 200 00 37,095 10 181, 462 21 • 182, 887 26 9, 042 m 821 00 2, 986 19 43, 603 00 17, 574 98 9,129,15 60, 378 00 19, 765 38 10, 356 66 163, 000 00 i6.5, 666 00 443, 773 00 10, 000 00 470, 713 00 10, 000 00 628, 556 48 609, 475 35 5,140, 052 88 5, 057, 371 38 252, 219, 339, 14, 252, 000 219, 915 370, 375 5,570 2,596,000 2, 296, 325 2, 514, 056 249, 496 00 00 07 26 2, 596, 000 00 2, 308, 768 00 2, 413, 432 96 214, 375 07 7, 655, 877 33 7, 532, 576 03 127, 522 50 7, 295 41 14, 387 10 i27, 522 56 28, 338 58 11, 954 34 10, 484 00 1,479 00 2, 990 19 000 915 326 637 00 00 18 18 00 00 26 79 847, 861 05 7, 32, 180. 223, . . 050 212 670 324 NORTH CAROLINA. WASHINGTON. Totals 1. 22 banks. $6,611,548 15 296, 771 00 10, 000 00 875, 878 36 Resources. Loans and discounts D e m a n d loans . . . U . S. bonds on h a n d O t h e r stocks, bonds, and m o r t g a g e s . . D u e from app'd r e d ' g & r e s e r v e a g ' t s . D u e from all o t b e r b a n k s a n d b a u k e i s Exehau<^es for clearino"-house Natioual bank notes Fractional currency Specie—coin 2'old T r e a s u r v n o t e s Lesal-tender notes U . S. certificates of deposit Clearing-house loan certificates NOVEMBER 299, 759 00 10, 000 00 DISTRICT OF COLUMBIA. . Resources. Loans and discounts D e n i a n d loans U . S. b o n d s on h a n d O t b e r stocks, b o n d s , a n d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e ao;'ts D u e from all o t h e r b a n k s a u d b a n k e r s E x c h a n g e s for clearin"•-house N a t i o u a l b a u k notes Fractional currency Specie—coin . gold T r e a s u r y n o t e s Le^'al-teiider notesU . S cei^tificates of d e p o s i t Clearing-house loan certificates VIRGINIA. 10 banks. $3, 089, 248 07 59 64 00 55 86 99 58 00 09 61 • 3 banks. $1,146, 602 26 58, 820 76 55, 750 00 42, 825 05 4, 805 95 44, 436 43 5, 352 19 35, 246 00 2, 254 28 7,140 81 10 banks. $3, 243, 325 67 43, 464 00 9, 886 22 25, 419 26 78, 667 00 8, 083 93 30, 983 90 172,165 00 i89,226 66 328, 984 00 374, 730 00 28, 077 27 27, 366 59 1, 734, 836 18 1, 6i9, 820 32 4, 236,199 48 4,162, 399 20 2,100, 000 1, 688, 230 2, 468,182 105, 656 2,100, 000 1, 686, 220 2, 426, 434 101, 537 .3 banks. $1, 244, 094 72, 473 55, 500 55, 512 • 5,161 49,187 5, 339 39,-779 1, 288 6, 306 30,000 270,340 193, 716 91,063 00 92 11 30 50, 273, 122. 134, 000 340 483 861 00 92 87 51 lAabilities. C a p i t a l stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals 968, 800 779, 340 840, 656 140, 474 00 00 55 62 2, 729, 271 17 968, 778, 805, 86, 800 550 832 407 00 00 05 04 2, 639, 589 09 00 00 67 49 6, 362, 069 16 00 00 96 89 6,334,192 85 140 REPORT ON T H E FINANCES. Ahstracts of special reports, Octoher 13 and Novemher 1,1873—Continued! SOUTH CAROLINA. O C T O B E R 13. Resources. L o a n s and discounts D e m a n d loans O t h e r stocks, bonds, a n d m o r t g a g e s . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s D u e fT;om all o t h e r b a n k s and b a n k e r s E x c h a n g e s for clearing-house .. . National bank notes Fractional currency Specie—coiu gold T r e a s u r y notes Le<^iil-tender notes 1 1 12 banks. $3, 821, 933 33 12 banks. $3, 807, 358 80, 417, 338 05 64, 405 65 122, 220 37 4i6, 884 86 201, 463 00 114,159 38 41,291 00 7, 959 08 14, 336 29 i26,269 66 361,232 00 456,676 66 8 banks. ' $6, .540, 890 81 813,279 42 619, 662 347, 553 545, 307 737, 003 41, 046 15, 977 93,151 6, 293 62 14,132 44 Clearing-house loan certificates Totals Jjiabilities. C a p i t a l stock Circulating notes outstanding D e p o s i t s of all k i n d s ... D u e to all b a n k s a n d b a n k e r s i Totals 4, 850, 715 77 5,130, 577 10 3,170, 000 2,181,5.55 1, 307, 801 146, 242 3,170; 000 2,181, 305 1, .561. 129 185,165 00 00 63 99 6, 805, 599 62 : 00 1 00 16 60 National b a n k notes > Fractional currency Specie—coiu gold T r e a s u r y n o t e s Les^al-tender n o t e s U . S. certificates of deposit Clearing-house loan certificates Totals •. Liabilities. Capital stock, Circulating uotes outstanding. D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s '. T o t a l s .'. Totals Liabilities. C a p i t a l s t o c k -. Circulating notes outstanding Deposits of all k i n d s D n e to all b a n k s a n d b a n k e r s Totals ' 88 27 49 90 00 66 48 619, 583 88 600, 460 08 507, 397 97 869, 902. 76 45, 813 00 16, 494 27 114, 835 89 431, 499 00 902, 047 00 678, 000 00 687, 000 00 10. 863, 371 91 11, 594, 746 24 4,150, 2. 973, 5; 566, 1, 792, 000 706 999 737 00 00 82 25 4,150,000 2, 973, 306 6, 034, 802 1, 773, 408 00 00 46 18 TEXAS. 7 banks. $1, 096, 657 62 7 banks. $1,148,351 12 13 banks. $3,264,684 52 500 00 237, 062 37 144, 962 18 106, 804 01 237, 062 37 371, 826 42 268, 825 36 50, 000 15,149 121, 290 101, 285 120, 665 00 12, 822 96 40, 844 55 146, .5.58 00 26,115 79 38, 534 30 82, 732 hh 12, 334 20 204, 322 58 90, 204 00 11,417 15 188; 445 57 414,188 00 493, 798 00 333, 928 66 247, 363 00 .566 hh 00 99 71 74 • 50, 000 12, 609 81, 934 107, 575 00 99 22 57 1 4, 545, 892 96 4, 846, 904 76 |- 2, 017, 700 84 1,937,900 62 2, 798,190 2, 271, 310 1, 605, 379 161,104 2, 840,190 2, 263, 045 1, 938, 729 186, 624 925, 000 677, 229 1,194,960 70, 965 925, 000 715,113 1, 072, 050 65, 608 00 00 61 01 00 1 00 j 28 62 1 7, 228, 588 90 . ALABAMA. Resources. Loans and discounts D e m a n d loans U . S. b o n d s on h a n d O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r b a u k s a u d b a n k e r s E x c h a n g e s fbr c l e a r i n g - h o u s e N a t i o n a l b a n k n o t e s . .^ Fractional currency Specie—coin gold T r e a s u r y n o t e s . . Legal-ten der n o t e s U . S. certificates of d e p o s i t C l e a r i n g - h o u s e loan certificates 8 banks. $6, 512, 262 64 718,898 75 13 banks. $3, 468, 043 89 6, 835, 983 62 • N O V E M B E R 1. -14, 483, 443 07 • 14, 931, 516 64 7, 097, 599 76 GEORGIA. . . • Resources. Loans and discounts D e m a n d loans U . S. b o n d s on h a n d O t h e r stocks, bouds, a u d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r b a n k s and b a n k e r s N E W ORLEANS. O C T O B E R 13. N O V E M B E R .1. 00' 00 18 13 2, 868,154 31 00 00 64 40 2, 777, 777 04 ARKANSAS. 9 ba.nks. $1, 699, 778 09 9 banks. $1, 582, 083 59 2 banks. $224, 905 60 2 banks. $203, 375 30 ,54, 618 89 95, 013 13 92, 496 29 54,618 89 219, 981 t 3 1*40, 448 31 5i,66i 56 31; 233 11 5, 240 73 47,146 72 37, 443 00 6, 545 43 17, 754 77 28, 649 00 6, 722 65 20, 827 19 4, i52 66 804 40 354 66 6, 313 00 2, 040 95 357 25 221, 931 00 250, 540 00 is, 3i7 hh 34, 217 00 2, 225, 580 60 2, 303, 871 36 \ 322, 501 89 329 924 06 1, 625, 900 1, 230, 645 782, 854 81, 329 1, 625, 900 00 1, 279, 337 00 • 816, 655 43 132, 237 81 205, 000 184, 396 130.000 33; 357 205, 184, 139, 34, 3, 854,130 24 1 557, 754 18 00 00 80 04 3, 770, 728 84 .5, 873 22 17, 093 51 00 00 46 72 000 396 749 446 00 00 93 94 563, 592 87 141 COMPTEOLLER OF THE CUEEENCY. Ahstracts of special reports, Octoher 13 and Novemher 1,1873—Continued. OHIO. KENTUCKY. O C T O B E R 13. Resources. Loans and discounts D e m a n d loaiis U . S. b o n d s ou h a n d O t h e r stocks, bonds, and m o r t g a g e s . D u e f r o m app'd red'g & reserve ag'ts. D u e f r o m all o t h e r b a u k s a n d b a n k e r s 30 banks. $6, 562, 540 84 30 banks. ' $6, 401, 949 34 61,182 20 536, 302 07 233,420 18 61,182 20 516, 327 24 299,817 63 151, 639 00 9, 363 14 9, 544 18 155,1,54 00 11,175 69 14,216 64 728, 822 00 754, 434 00 Liabilities. Capital stock: C i r c u l a t i n g notes o u t s t a n d i n g D e p o s i t s ot' all k i n d s D u e t o all b a n k s a n d b a n k e r s 8, 293, 313 61 Totals . # N O V E M B E R 1. 157 banks. $33, 744, 560 23 157 banks. $32, 459, 297 76 413, 600 961, .551 1, 947,182 1, 094, 003 00 06 90 04 688, 827 00 95, 447 86 38, 499 16 43, 650, 522 21 42, 224, 498 78 6, 076, 000 00 5, 219, 4.32 00 2, 401, 874 25 217, 575 72 6, 076, 000 00 5, 247, 395 00 2, 366, 726 14 180, 672 90 20, 346, 000 00 20,318,000 00 17, 589, 897 00 17, 510, 362 00 19, 362, 955®5 • 19, 022, 070 37 • 668", 662 66 803, 333 40 13, .914, 881.97 13, 870, 794 04 6 banks. $2, 617, 284 14, 030 1, 000 10, 313 87, 405 130, 876 Totals 420,900 931, 736 1, 869, 865 1,102,730 8r 214, 256 74 57, 994, 650 75 LOUISVILLE. Resources. Loa.ns ,aud discounts D e m a u d loans U . S. bouds on h a n d O t h e r s t o c k s , bonds, a n d m o r t g a g e s . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e f r o m all o t h e r b a u k s a n d b a n k e r s E x c h a n g e s for clearing-house N a t i o n a l b a n k notes Fractional currency Specie—coiu ".. gold T r e a s u r y n o t e s Legal-tender notes U. S. certificates of d e p o s i t C l e a r i n g - h o u s e loan certificates 00 33 64 30 4,577,195 00 10, 000 00 - h'otals O C T O B E R 13. 825, 951 00 93,351 13 • 32,504,53 1,440 00 4, .526, 378 00 10, COO 00 N a t i o n a l b a n k notes Fractional currency Specie—coin Legal-tender notes . U . S. certificates of d e p o s i t Clearing-house loan certificates N O V E M B E R 1. 82 85 00 75 92 83 6 banks. $2, 476, 547 13, 570 1,000 7, 400 71, 237 • 120, 793 57 626 630 03 CINCINNATI. 46 02 00 00 29 94 5 banks. $6, 614, 843 1, 448, 382 39, 450 107, 987 • 747 900 340, 245 80, 291 170, .573 7, 028 7, 825 74 26 00 90 73 77 04 00 53 63 5 banks. $5, 888, 311 1 146 541 40, 000 107, 987 494,196 459, 040 45 807 241,643 5, 967 22,170 18 83 00 90 54 '64 09 00 97 14 20, 856 00 4,521 16 1, 746 00 22, hsl hh 391, 595 00 473, 764 00 1,156, .500 00 575, 000 00 75, 900 00 1 120, 769 00 ' 87.5,000 00 16, 775 00 i, 279, 630 33 3,198, 874 27 11, 401, 928 60 10, 464, 210 29 4, 398 66 3,131 90 Liabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e to a l l l i a n k s a n d b a n k e r s Totals - t2; 187, 700 1, 694, 277 835, 202 262, 904 • 00 00 54 48 4, 980, 084 02 2,187, 700 1, 694, 484 755, 937 ' 271, 797 00 00 45 36 4, 909, 968 81 • TENNESSEE. Resources. Loans and discounts D e m a n d loans U . S. b o n d s on h a n d O t h e r stocks, bonds, and m o r t g a g e s . . D u e from app'd r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r b a n k s and b a n k e r s E x c h a n g e s for clearing-house National banks Fra.ctional c u r r e n c y Specie—coin 1 gold T r e a s u r y n o t e s Legal-tender notes .. . U . S. certificates of d e p o s i t Cleariui;;-house loan certificates • Totals . . . . . 24 banks. $4,678,638 8/ 1, 179, 309, 372, 600 610 324 921 00 23 85 90 268, 540 00 19,954 35 38, 374 51 4, 3, 4, 2, 000, 183, 775, 111, 000 045 404 641 14, 070,;091 01 4, 000, 000 • 3,185. 930 4,180, 216 1, 793,132 00 00 93 12 13,159,279^05 CLEVELAND. 6 banks. • $7, 415, 656 67, 000 20, 000 30, 624 189, 160 38 132, 178 309, 443 65 562, 222 372, 242 22 186, 002 94, 259 323, 569 00 21, 732 19, .527 08 750 40, 495 39 24 banks. $4,412,512 40 00 00 35 66 96 00 00 18 60 79 06 00 97 00 6 banks. 16. 898, 839 73 71,900-00 22,000 00 32, 424 18 262, 596 71 590, 898 91 166, 362 77 120, 267 00 20,904 40 6, 600 00 858, 041 00 . 842,251 00 826, 000 00 911,000 00 6, 727, 005 71 6, 509, 206 12 9,356,426 .56 9, 103, 793 70 3, 295, 465 75 2, 73.5, 436 00 3, 962,174 90 210, 626 60 3, 297,165 75 2, 824, 266 00 3, 771, 384 10 159, 945 30 4, 550, 000 00 2, 311, 970 00 3, 379, 305 ,57 370, 700 28 4, 5.50, 000 2, 306, 970 3,32.5,069 340,802 10, 203, 703 25 10,052,761 15 10, 611, 975 85 Jjiabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s ....^ D u e to all b a n k s a n d b a n k e r s / Totals 00 00 83 11 10, 522, 841 94 142 REPORT ON THE FINANCES. \ Ahstracts of special reports, Octpher 13 and Novemher 1, 1873—Continued. INDIANA. / Resources. Loans and discounts D e m a n d loans National bank notes Fractional currency Specie—coin gold T r e a s u r y n o t e s Legal-tender notes U S certificates of deposit O C T O B E R 13. N O V E M B E R 1. O C T O B E R 13. 91 banks. $25, 475, 584 99 91 banks. $24,395,114 17 74 banks. $12, 834,129 01 26,656 hh O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from apii'd r e d ' g & r e s e r v e a g ' t s . D u e f r o m all o t h e r b a n k s a n d b a n k e r s 673, 373 33 1, 285, 567 60 726, 545 53 594, 696 66 Totals Liab-MUes. C a p i t a l atock Circulating notes outstanding D e p o s i t s of all k i n d s D u e t o all b a n k s amd b a n k e r s Totals. 19, 300 693, 720 1, 247,171 778, 498 501,389 00 69, 898 88 67, 257 72 3, 050- 00 3,113; 637 00 65, 000 00 31, 966, 382 75 17, 586,170 '62 14,413,984 00 11, 989, 097 19 j 598. 830 38 '44,588,082 19 43, 612, 475 84 499 325 300 447 000 116 banks. $18,255,285 35 .Other stocks, bonds, a n d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e from a.ll o t h e r b a n k s a n d b a n k e r s 78, 484, 1, 829, 813, Totals 00 19 88 . 38 . 201, 280 90 683, 416 35. 351, 513 17 20, 165, 742, 448, 350 487 404 996 00 43 51 24 262, 9i7 66 35, 687 35 41, 572 91 212,118 00 41 550 28 45, 617 01 1, 522, 679 00 30, 954,.036 21 15, 961, 409'69 1.5, 323, 417 97 17, 597, 800 00 14, 420, 010 00 10, 998, 043 98 596, 621 86 7, 866, 250 00 5, 762, 748 00 7, 203, 013 47 221, 370 85 21,053,382 32 1 112, 550 506, 247 1,765,266 865, 083 3 banks. $3, 703, 699 69 155, 000 00 00 76 65 50 569, 372 00 .58,364.32 53, 432 6;^0 2, 789, 786 00 2, 754, 868 00 ^ 25,051,980 99 7, 902; 200 5, 793, 675 6,5.51,254 155, 931 20, 403, 061 03 3 banks. $3, 669, 972 64 95, 000 00 26,666 66 355, 382 280, 736 163, 540 63,129 24, 819 5, 209 . 00 00 83 20 DETROIT. * . I l l baulks. $17, 376, 368 37 690,137 00 63, 405 82 48, 060 37 N a t i o u a l b a n k n o t e s . .• Fractional currency gold T r e a s u r y notes Leeral-teudtr notes . . U S certificates of deposits . . . . 500 381 209 215 74 banks. $12,124,*215 50 i, 545, 543 66 ILLINOIS. ' Resources. Loans and discounts Demand notes N o VEMBER 1. 5,356 66- 00 29 06 09 09 21 00 00 00 74, 37, 2, 3, 021, 55, . . MICHIGAN. 25, 000 350, 468 408, 455 138,771 109, 406 23,316 1,101 63 90 41 00 39 96 00 5.5 60 01 00 24 31 765, i63 hh 50, 000 00 794, 852 00 24, 061, 553 20 5, 586, 680 93 5, 616, 343 35 11,,528, 000 9, 770, 815 12, 598, 420 237, 561 1, 900, 1, 335, 2, 984, 427, 1, 1, 2, ^ Liabilities. Capital stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e t o all b a n k s a n d b a n k e r s Totals 11,476,910 9, 705, 761 33,687,909 243, 259 . . 00 00 50 23 3.5,113, 839 73 00 00 14 42 34,134, 796 56 000 539 980 641 00 00 31 25 6, 648,160 56 900, 000 34.5, 542 959, 655 428,365 00" 00 90 78 6,633,363 68 IOWA. < CHICAGO. 18 banks. $14,418,261 96 4, 595, 785 53 314,800 00 158, 809 45 O t h e r stocks, bonds, a n d m o r t g a g e s . . 1, 625, 945 26 D u e from app'd r e d ' g & r e s e r v e a g ' t s . 1,172, 435 14 D u e from all o t h e r b a n k s a n d b a n k e r s 3,150, 431 29 E x c h a n g e s for clearing-house 995, 477 00 National b a n k notes 44, 218 86 Fractional currency 124, 370 78 Specie—coin gold T r e a s u r y n o t e s .. 5, 276, 397 00 Legal-tender notes U b certiiicates of deposit Clf ai'iiu''-house loan certificates 18 banks. $14, 604, 358 70 4, 470, 609 28 336,1.50 00 168, 809 45 1, 300,174 00 1, 151, 347 25 1,94.5,722 41 776,331 00 37, 969 87 , 109, 312 99 75 banks. $9, 845, 964 86 398, 833 00 50, 571 80 26, 371 51 331 670 00 45,661 18 25,704 55 5, i77, i69 hh 1, 565, 068 00 1, .532. 338 00 29, 876, 932 27 30, 077 693 95 13, 700, 426 54 13, 037, 446 44 8, 5, 13, 5, 8, 5, 13, 5, Resources. Loans and discounts D e m a n d loans Totals 59, 251, 863, 638, 500 841 576 699 00 42 18 77 75 banks. $9, 340, 768 06 62,600 241, 666 880, 617 576, 419 00 76 90 99 Liabilities. C a p i t a l stock Circulating notes outstanding D e p o s i t s of a l l . k i n d s D u e t o all b a n k s a n d b a n k e r s Totals 900, 7.55, 455, 840, 000 675 .551 325 00 00 67 83 33, 951, 552 50 900, 753, 743, 903, 000 830 377 609 00 00 13 34 .34, 300, 816 47 00 00 35 49 5, 817, 000 00 5, 084, 223 00 7, 418, 263 11 246,363 67 19, 221, 877 84 18, 565, 849 78 5, 313, 5, 075, 8,087, 245, 650 024 929 274 143 COMPTEOLLEE OF THE CUEEENCY. A.hstracts of special repfoi'ts, Octohh 13 and November 1, 1873—Continued. WISCONSIN. O C T O B E R 13. Resources. Loans and discounts D e m a u d loans 41 banks. $5,182, 812 02 O t h e r stocks, bonds, and m o r t g a i g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s for clearing-house Fractional currencv Suecie coin ....... Legal-tender uotes U S certificates of deposit Cle4irino"-house loan oertificates Totals Liabilities. Circulating notes outstanding D e p o s i t s of all k i n d s ... D u e t o all b a n k s a n d b a n k e r s Totals 58, 107, 515, 455, 100 788 524 957 00 56 79 10 MISSOURI. NOVEMBER 1. 42 banks. $4, 933,1.57 38 29 banks. $4, 904, 931 72 69, 000 119,215 557, 318 ,511, 288 3, 750 685,121 236, 604' 136, 341 • 00 50 14 14 TJ. S. b o n d s on h a n d O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s fbr clearing-house National b a n k notes gold T r e a s u r y n o t e s L e g a l - t e n d e r iiotes U . S. certificates of d e p o s i t Clearing-house loan certificates Totals NOVEXA'IBER 1. 29 banks. $4, 458, 900 73 00 27 28 19 3, 681, 231, 200, 300 876 674 900 00 69 42 71 206, 091 00 26, 030 79 8, 678 94 186, 288 00 23, 721 23 12, 769 42 161, 245 00 8, 500 88 15, 718 90 148, 545 00 9,122 70 14, 566 98 859, 714 00 " 889, 244 00 517, 4.54 00 600, 614 00 7, 420, 697 20 7, 302, 001 81 6, 719, 667 24 6, 349, 501 23 • 2,£15, 000 00 2,^67,571 00' 4, 367, 083 83 40,108 77 2, 930, 800 00 2, 386, 452 00 4, 255, 997 54 37, 494 06 2, 685, 2, 357, 3, 569, 264, 00 00 .53 93 2, 685, 000 00 2, 372, 622 00 3, 233, .522 27 176, 779 42 9, 589, 763 60 9, 610, 743 60 8, 876, 549 46 8, 467, 923 69 M i l AVAUKEE. Resources. O C T O B E R 13. 4 banks. $1, 727, 381 68 186, 203 .16 350 00 30, 400 00 348, 899 92 94, 863 07 198, 398 39 25, 447 00 1.5, 640 97 19, 398 32 663, 348 00 000 686 227 635 S A I N T LOUIS. 4 banks. $1, 577, 392 188, 553 850 30, 400 225, 539 110,163 238, 609 32, 842 17, 711 27, 545 7 banks. 95 $7, 475, 551 91 2, l05,i)12 91. 23 00 5, 350 00 904, 024 35 00 51.5, .578 67 24 . 09 237, 072 86 06 190, 031 96 00 197, 207 00 43 22,153 49 75 13,737 81 792, 662 00 1, 096,159 00 7 banks. $7, 074, 111 • 1, 990, 003 10,600 911,131 383, 633 179, 335 286, 811 201,191 14, 385 23, 865 29 57 00 85 86 25 84 00 16 03 1,114, 218 00 318, .500- 00 : 3, 315, .335 51 3, 242, 268 75 •7,50,000 659, 500 2,104, 922 632, 234 750, 659, 1, 955, 733, 13, 081, 279 96 12,189, 236 85 LiaUlities. C a n i t a l stock Circulating notes outstanding D e p o s i t s of all k i n d s D u e to all b a n k s a u d b a n k e r s 00 00 40 01 4,146, 706 41 Totals 000 500 931 920 00 00 44 26 4, 099, 351 70 MINNESOTA. Resources. Loans and discounts ... D e m a n d loans . U. S. b o n d s on h a n d : O t h e r stocks, bonds, a n d m o r t g a g e s . . D u e from a n p ' d r e d ' g & r e s e r v e ao;'ts. D n e from all o t h e r b a n k s a n d b a n k e r s Exchano'es for clearing-house Nation al b a n k n o t e s Fractional currency • Specie—coin . . gold T r e a s u r y n o t e s Legal-tender notes l. U. S. certificates of deposit Clearing-house loan c e r t i i i c a t e s Totals Liabilities. C a p i t a l stock C i r c u l a t i n g notes o u t s t a n d i n g Depo.sits of all k i n d s D u e to all b a n k s a n d b a n k e r s .S Totals .- 6, 360, 3, 607, 3, 044, . 1, 839, 300 537 645 466 00 00 74 95 14, 851, 949 69 6, 3, •2, 1, 360, 670, 833, 531, 3b0 680 753 343 00 00 36 07 14, 446, 076 43^ KANSAS. 32 banks. $7,018,735 22 32 banks. $6, 709, 430 41 26 banks. $2,709,389 49 26 banks. $2, 546,175 45 8, 800 272,791 672, 469 361, 450 7, 500 282, 382 573, 876 393.132 00 31 26 80 600 189,341 184, 032 385,490 00 • 17 19 65 500 184,184 234, 009 209, 379 304, 777 00 30, 062 42 19, 426 90 208, 607 00 24, 023 74 29,191 18 1,131, 338 00 958, 985 00 128,121 29, 614 6, 541 600 467, 846 00 57 71 00 00 107, 714 00 20, 996 33 6 127 36 600 00 412, 226 00 9, 819, 851 64 9,187,178 70 3, 901, 376 78 3, 721, 912 44 4,1.50, 000 3,302,889 6,170, 519 • 199, 840 00 00 34 76 4, 175, 000 00 3, 111, 287 00 5, 461, 416 34 271, 071 77 1, 991,100 00 1, 530, 927 00 2, 614, 089 .50 82, 220 69 1 975 000 00 1,530,672 00 2, 457, .535 50 77, 647 01 . 13, 623, 249 10 13, 018, 775 11 6, 218, 337 19 6,040,854 51 00 83 83 39 00 71 37 22 144 REPORT ON T H E FINANCES. A.hstracts of sxiecial reports, Octoher 13 and Novemher 1, .1873—Continued. NEBRASKA. O C T O B E R 13 10 banks. $1, 767, 709 04. Resources. L o a n s and discounts ,566 66- 189,-469 47 68,722 04 161,-968 12 , 2,706 hh lAabilities. Capital stock....• CircuLating uotes o u t s t a n d i n g Dei)0sits of all k i n d s ' D u e to all b a u k s a n d b a n k e r s 9,246 hh 840 00 683 05 80, .545 68 369, 628 00 363, 064 66 i68,716 06 113.. 590 00 2, 698, 913 34 2, 562,-929 88 1,166,770 34 1,196, 8.50 47 925, 000 784, 070 2, 053, 564 146,132 ^ 2 5 , 000 788,619 2, 009, 058 136,129 250, 000 .222, 365 827, 837 3,585 2.50, 000 225, 000 803, 905 44, 919 4,150 45, 000 7, 380 31, 239 00 00 65 . 81 00 00 81 I 20 3 banks. $331, 541 25 1 4,150 45, 000 3, 210 35, 969 00 00 22 43 Totals • Totals [ 36, 903 hh 60, 852 58 74, 435 70 31, 923 74 45, 6.56 31 97, 231 42 . 1, 600 00 67, 640 06 86, 053 00 1, 315, 913 27 1,181, 288 44 958, 647 84 94.5,371 28 300, 191, 675, 28, 300, 000 193, 262 680,093 8, 248 00 00 25 98 7*00, 000 587, 605 574, 363 79, 367 00 00 62 74 1 2 banks. $1, 636, 893 70 1,753,977 52 2 banks. $1, 691, 618 84 1, 881, 0-38 88 234, 351 191,416 110,647 7, 322 226 770, 188 125, 695 197,176 78,193 7, 315 126 747, 059 97 25 15 00 34 72 000 00 767'00 256 99 416 99 1,195, 440 98 1, 941, 336 .36 00 00 92 94 1,181, 604 86 DAKOTA. 1 bank. $37, 005 90 1 bank. $34, 900 03 767 4i 19 90 1, 363 66 97 .59 93 00 .50 12 i, 354 hh 1, 009 26 227 25 1 994 00 1 119 55 380 50 58, 900 00 25, 669 60 22, 984 00 4, 737, 124 15 4, 787,129 83 66, 032^ 82 62,76L 64 2, 500, 000 1, 437, 725 2, 595, 823 327, 398 2,500,000 1, 430, 815 2, 482, 989 220, .579 50, 000 44, 794 62,117 705 00 00 06 16 50, 000 00 44, 794 00 56, 387 29 111 20 157,636 22 151 292 49 00 00 51 04 6, 860, 946 55 00 00 82 37 6, 634, 384 19 ^' Report Irom one other bank in Montana not received. 4 banks.*. .$569, 962 57 16, 934 00 32,36o6cf Liabilities. Capital stock Circulating notes outstanding Deposi ts of all k i n d s D u e to all b a u k s a u d b a n k e r s 4 banks.'^$577, 834 S9 36, 137 hh 12, 947 25 t85r4.59 99 • S A N FRANCISCO. D u e from a,pp'd r e d ' g & r e s e r v e a g ' t s . D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s for clearing-nouse N a t i m i a l ba<nk-notes Fractional currency Specie—coin '. gold T r e a s u r y n o t e s Legal-tender notes U. S. cei'tificates of deposit Clearing-house loan certificates L. l,-323, 825 04 MONTANA. 18, 9.55 00 12, 877 60 1115,749 07 2, 079, 693 23 Resources. Loans and discounts D e m a n d loans i TJ. S. b o n d s on h a n d 00 00 19 85 1, 976 00 144 29 257, 697 25 700,000 568, 905 659,100 •151, 687 Totals 00 00 32 95 1, 303, 788 27 3, 858, 807 01 00 00 58 25 4,602 00' 85 16 400, 592 40 . 00 64 43 40 1, 660 58 41,087 31 3 banks. $805, 929 88 Totals 900 517 743 363 32,865 56 5,805 60 CALIFORNIA. Resources. L o a n s a n d (\iscounts D e m a n d loans • U . S. b o n d s ou h a n d O t h e r stocks, bonds, and m o r t g a g e s . . D u e from app'd r e d ' g &,reser^^e^ a g ' t s . D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s for cleariuij-house N a t i o n a l b a n k notes Fractional currency Specie—coiu ijold T r e a s u r y n o t e s . . L e g a l - t e n d e r notes U. S. certificates of deposit ..Clearing-house loan certificates 2, 71, 183, 37, 7.5, 97.5 66 3, 913, 767 46 Totals... i bank. $705; 667 27 70, 364 54 64,132 30 152, 700 89 189,300 00 110, 977 42 119, 905 39 i l 2 . 632 06 ^-23; 821 69 4, 462 98 Totals 1 N O V E M B E R 1. 1 bank. $716,174 52 10 banks. $1, 664, 676 91 566 hh U . S. b o n d s on h a n d O t h e r stocks, bonds, and m o r t g a g e s . . . D u e from a,pp'd r e d ' g & r e s e r v e a g ' t s . D u e from all other b a u k s a n d b a n k e r s E x c h i i n g e s for c l e a r i n g h o u s e .Nationaibank notes F r a c t i o n a l cui'rency Specie—coin gold T r e a s u r y n o t e s Legal-tender n o t e s . . . ' ,.... IJ. S certificates of deposit Clearino'-house loan certificates Liabilities. Capital s t o c k C i r c u l a t i u g notes o u t s t a n d i n g D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s OREGON. O C T O B E R 13 NOVEMBER 1 t "Coin" includes byillion and gold dust. 145 COMPTEOLLEE OF THE CUEEENCY. Abstracts of special reports,'Octoher 13 and Novemher 1, 1873—Continued. IDAHO. O C T O B E R 13. ^ Resources. Loans and discounts D e m a n d ;^oans U . S. b o n d s oii h a n d .' O t h e r s t o c k s , bonds, a n d m o r t g a g e s D u e from a p p ' d r e d ' g & r e s e r v e a g ' t s D u e from all o t h e r b a n k s a n d bankeri E x c h a n g e s for clearing-house.. National bank notes Fractional currency Specie—coin gold T r e a s u r y notes.. Legal-tender notes U . S. c e r t i f i c a t e s of d e p o s i t C l e a r i n g - h o u s e loan certificates Totals. COLORADO. N O V E M B E R 1. O C T O B E R 13." 1 bank. $79, 661 56 6 banks. $1, 509, 661 85 1 bank. $77, 981 97 44, 588 99 508 65 'i29,"663'83 2, 320 00 11 00 8, 437 00 3, 475 00 49 40 11, 566 00 116, 134, 500 33,107 151, 239 142, 609 N O V E M B E R 1. 6 banks. $1, 428, 813 47 00 61 61 57 28, 5,59 76 215, 461 76 135, 902 89 89, 467 00 8, 924 29 85, 747 46 40, 024 00 8,"'648 20 83, 315 40 325, 493 00 365,145 Op 231, 030 10 308, 663. 78 2, 480, 755 39 2, 305, 870 48 100, 000 89, 200 90,174 92, 020 00 00 85 96 100, 88, 79, 120, 000 950 518 914 00 00 60 46 57.5, 477, 1, 797, 99, 000 00 000 00 338 08 640 07 575, 477, 1, 621, 98, 000 000 779 080 395, 383 06 2, 948, 978 15 2, 771, 859 43 Liabilities. Capital stock Circulating notes outstanding . D e p o s i t s of all k i n d s D u e t o all b a n k s a n d b a n k e r s . . 371, 395 81 Totals. WYOMING. Resources. Loans and discounts D e m a n d loans U . S. b o n d s on h a n d O t h e r s t o c k s , bonds, a n d mortgages.''. D u e from a p p ' d . r e d ' g & r e s e r v e a g t ' s . D u e from all o t h e r b a n k s a n d bankers E x c h a n g e s for clearing-house National bank notes Fractional currency . . . i Specie—coin '. gold T r e a s u r y n o t e s L e g a l - t e n d e r notes..." U . S. certificates of deposit C l e a r i n g - h o u s e loan certificates Totals. 2 banks. $149,447 69 5, 673 93 7, 704 28 400 86 3, 541 00 1,151 41 1,529 06 230 00 33, 714 00 00 00 12 31 N E W MEXICO. 2 banks. $132, 067 I 5, 273 93 '33,'665'33" 5, 600 525 1,602 130 32,629 00 79 96 00 00 2 banks. $304, 445 99 13, 450 43 37, 752 98 13,169 74 614 00 230 59 570 80 43, 799 00 2 banks. $325, 436 16 13, 4.50 43 37,215 00 10, 498 36 : 1,114 00 206 73 -685 30 46, 046 00 203, 392 23 210, 894 89 414,033 53 440,751.9 125, 51, 105, 14, 000 470 942 070 125, 000 ,51, 915 129,191 2, 641 00 00 65 84 300, 269, 148, 15, 00 00 40 91 300, 269, 175, 14, 000 535 534 343 296, 482 91 308, 49 733, 061 31 759, 412 64 Jjiabilities. C a p i t a l stock Circulating notes outstan'ding. D e p o s i t s of all k i n d s D u e t o all b a n k s a n d b a n k e r s . . Totals. 00 00 25 66 743 UTAH. Resources. Loans and discounts D e m a n d loans U . S. b o n d s on h a n d O t h e r s t o c k s , bonds, a n d m o r t g a g e s . Duefrom app'd red'g & reserve ag'ts. D u e from all o t h e r b a n k s a n d b a n k e r s E x c h a n g e s for clearing-house N a t i o n a l b a n k notes Fractional currency Specif—coin ". •..:...... gold T r e a s u r y n o t e s L e g a l - t e n d e r n o t e s ..*... U . S. certificates of deposit C l e a r i n g - h o u s e loan c e r t i f i c a t e s . - . Totals. 3 banks. $542, 758 87 3 banks. $505, 493 78 30, 033 ,55 73, 305 89 98, 450 05 31, 533 55 36, 279 78 61, 266 27 " 558 00 6, 229 41 3, 583 25 22,651 00' 5, 235 "90 6, 660 05 84, 255 00 154, 555 00 • 839,174 02 823, 675 33 Liabilities. C a p i t a l stock Circulating notes outstanding D e p o s i t s of all k i n d s . D u e t o all b a n k s a n d b a n k e r s . Totals. 10 F 450,000 00 404, 910 00 539, 718 .83 36, 491 00 1, 431,119 83 450,000 00 404, 885 00 492, 448 86 46, 092 01 1, 393, 425 87 000 535 308 217 00 00 6:i 01 146 - REPORT ON T H E FINANCES. Summary of speeial reports for Octoher 13 and Novemher 1, 1873. NATIONAL BANKS IN N E W YORK CITY. O c t o b e r 13. N o v e m b e r 1. NATIONAL BANKS, N O T I N D E Mi'Ti ON C ITIES . October 13. RE- N o v e m b e r 1. 48 banks. 48 banks. 1,746 banks. . Resources. 1,748 banks. Loans and discounts .' |$122, 957, 564 35 $117, .5.54,502 34 i$45.5, 7.57, 763 "56 i?442, 049, 040 86 51,610,957 14 56,177, 465 56 . D e m a n d loans 3, 359, 750 00 3,388,900 00 3, 977, 900 00 4,105, 500 00 . U . S. b o n d s on h a n d 4, 717, 651 37 5, 045, 638 46 15, 3.52, 822 94 1.5, 419, 961 86 O t h e r stocks, bonds, a n d m o r t g a g e s . 35, 668, 022 38 38,14.5,132 .59 D u e from app'd r e d ' g &reserA^e a g ' t s 18. 291, 459 52 17, 265, 913 65 16, 825, 387 79 D u e from all other b a n k s and b a n k e r s ] 16, 640, 556 90 56, 735, 347 10 41, 36.5, 234 55 . E x c h a n g e s for c l e a r i u g - h o u s e . . . 5, 460, 589 00 4, 080, 372 00 8, 733, 851 00 9, 812,-286 00 N a t i o n a l b a n k notes. 296, 835 21 1,'459, 671 01 266,952 37 1, 463, 561 08 Fractional currency '. — 1, 754, 321 69 1, 739, 200 50 1,353, 6.57 00 1,237,410 33 Specie—coin 152, 660 00 147, 880 00 10,145, 800 00 8, 744, 060 00 gold T r e a s u r y n o t e s . . . 47,250,340 00 46, 920, 787 OO 14, 628, 452 00 6, 347, 250 00 Legal-ten der n o t e s ..". 1, 615, 000 00 . 1, 605, 000 00 1, 040, 000 00 .170, 000 00 U. S. certificates of deposit 16, 220, 000 00 15, 860, 000 CO Clearing-house loan certificates Totals. Liabilities. Capital stock. Circulating notes outstanding. D e p o s i t s of all k i n d s D u e t o alb b a n k s a n d b a n k e r s . 300, 058, 604 81 70, 235, 000 27, 851, 206 131, 030,182 . 55, 430, 674 70, 235, 000 00 294, 270, 802 37 27,835,612 00 235, 641, 336 00 149,299,344 14 250, 907, 831 41 54,177, 476 26 18, 836, 275 04 294, 236, 239, 15, 301, 547, 432 40 785, 415, 085 14 00 00 54 55 284, 547, 063 09 Totals NATIONAL BANKS IN OTHER DEMPTION CITIES. October 13. RE^ N o v e m b e r 1. 591, 814, 860 33 576, 432, 689 • 282, 662, 254 52 799, 656, 244 82 615, 591 294, .934 205, 463 299, 096 75 00 28 11 NATIONAL BANKS O F T H E UNITED .STATES. O c t o b e r 13. N o v e m b e r 1, Resources. 179 hanks. 179 banks. 1,973 banks. 1,975 banks. Loans and discounts .' 1$222, 351, 704 47 $218,274,649 64 $801, 067, 032 38 $777, 878,192 84 23, 982, 356 52 D e m a n d loans 25,182,238 44 81, 3.59, 704 00 75, .593, 313 66 1,726, 200 00 U. S. bonds on h a n d 1, 695, 650 00 9, 033, 300 00 9, 220, 600 00 4, 959, 714 26 5, 087, 284 53 25, 425, 314 58 O t h e r stocks, bonds, a n d m o r t g a g e s . . 25,157, 758 84 54, 263. 814 .52 D u e from a p p ' d r e d ' g & r e s e r v e .ag'ts. 16,118, 631 93 »1.5, 784, 507 65 51, 452, 530 03 46, 044; 292 65 D u e f r o m all o t h e r b a n k s a n d b a n k e r s | 12, 578, 347 96 14, 020, 834 53 49, 578, 207 70 58, 431, 623 84 20, 798, 045 37 77,533,392 47 17, 066, 389 29 E x c h a n g e s for clearing-house 18,091,961 00 18, 770, 952 00 4, 576, 512 00 National bank notes 4,199, 303 00 • 2, 315, 530 06 Fractional currency ., . 486, 521 06 58.5, 016 61 2, 243, 027 28 Specie—coin. '... 2, 274, 750 71 1, 714, 696 68 4, 741, 307 51 5, 382, 729 40 1, 566, 240 00 1, 774,100 00 10, 458,180 00 . gold T r e a s n r y n o t e s 12, 072, 560 00 81, 510, 202 CO Legal-tender notes...'. 28,242,165 00 32,168, 429 00 94, 047, 221 00 4, 925, 000 00 3,150, 000 00 4,020,000 00 U . S. certificates of deposit 6, 675, 000 00 25, 767, 477 27 9, 547, 477 27 27, 276,135 59 Clearing-house loan c e r t i f i c a t e s . . . . . . 11, 416, 135 59 Totals :..... 348, 957, 624 91 356,390,326 60 126,172, 565 78, 090, 059 343,031,974 46,017,750 126,189, 265 78, 220, 298 150, 797, 514 49, 936, 547 1,223,434,739 81 1, 232, 881, 620 81 Liabilities. Capital stock CirculatiujCf n o t e s o u t s t a n d i n g D e p o s i t s of all k i n d s D u e to all b a n k s a n d b a n k e r s Totals...... 00 00 39 49 398, 362, 343 88 00 00 68 70 405,143, 025 38 490, 678, 367 37 341,.582, 601 00 530,019,988 34 120, 284, 700 08 491, 342, 539, 119, 039, 856 75 350, 844 00 302, 322 10 413,120 07 1,482,565,656 79 1, 492,106,142 92 COMPTROLLER OF T H E CURRENCY. 147 VII.—Statement of resources and liahilities of savings-hanks organized under State laws. Maine, November, 1872. Resources and liabilities. New Hampshire, F e b r u a r y , 1872. "Vermont, J u l y , 1872. Massachu- Rhode Island, c h u s e t t s , Oc- D e c e m b e r , ber, 1872. 1872. RESOURCES. $6, 246, 324 $4, 915, 363 $1,481,026 $89, 684, 246 $20, 697, 032 5, 518, 315 1, 268, 701 ' 7,464,257 2,887,390- 1, 799, 812 264, 097 49, .541, 025 13, 769, 449 11, 651, 530 1, 708, 700 0, 591, 877 4, 940, 627 574, 461 229, 450 115, 443 5,491 5, 090,125 3, 455, 779 992, 362 171, 806 8, 229, 048 4, 602, 567 16, 972, 805 1, 968, 436 469, 682 1, 729, 487 875, 816 5, 513, 221 1, 707, 959 2, 405, 214 20.5,875 27 443 9,630 153, 617 131; 155 L o a n s on p e r s o n a l a n d collatUnited States bonds State, municipal, and other bonds and stocks Railroad stocks and bonds B a n k stock 1 Real estate Other investments . Expenses D u e f r o m other banks Cash • Total 663, 644 599, 963 88, 823 43, 400 39, 833 21, 505 13,135 2,127 3, 232 188, 879 26,154, 333 25, 578, 541 3, 945, 869 137, 842, 561 44, 211, 376 25,174, 930 2.55,991 723,412. 24, 540, 693 1,037,848 3, 744, 324 108, 585 92, 960 184, 797, 314 3, 045, 247 42,614,718 1, 559, 279 26,154, 333 2.5, 578, 541 ' 3, 945, 869 387,842,563 1,496 LIABILITIES. Deposits S u r p l u s fund U n d i v i d e d profits O t h e r liabilities .' . . " ' Total • ; " • 37,379 44, 211, 376 Resources and liahilities of savings-hanks—Continued. Resources and liabilities. Connecticut, JTanuary, 1873." N e w York, January, 1873.' $43,174,015 $104, 639, 854 $13, 786, 752 $2, 733, 086 $287, 357, 698 9, 495, 819 4, 771, 970 17,720,173 50, 978, 625 3, 358, 924 3, 964, 963 841,602 962,193 107, 391, 457 80, 576, 088 6, 897, 298 .1,378,416 3, 375, 973 423, 342 156, 630 30, 593 740, 076 827, 258 102, ,574,131 557, 903 8,155,280 10, 320 403, 684 06, 417 6, 469, 430 6, 081, 322 12, ,532, 497 3, 796, 396 372, 914 138, 078 5,898 157,593 078, 820 437, 958 7,308 109, 575 148, 972 474, 649 143, 543, 487 16, 793, 388 24, 360, 653 10, 350, 716 . 6, 519, 359 634, 492 15,465,474 8, 236, 580 71, 271, 395 305, 330, 331 30,629,542 6, 265, 444 701,229,392 74, 669, 329, 10, 468, . 20, 879, 476, N e w J e r s e y , District^Col u m b i a , j uly, January, 1873." Aggregate. RESOURCES. L o a n s on r e a l e s t a t e L o a n s on p e r s o n a l a n d collateral s e c u r i t i e s , United States bonds S t a t e , mu-nicipal, a n d o t h e r bonds and stocks R a i l r o a d s t o c k s a n d bonds B a n k stock , : Real estate Other investments. Expenses ": D u e from o t h e r b a n k s Cash Total. LIABILITIES. Capital stock Deposits S u r p l u s fund U n d i v i d e d profits . O t h e r liabilities . . , Total. 161, 047. 19, 776, 864 266, 846 206,1 74, 975 6, 035, 733 14, 379 79, 313 11, 039 71, 271, 395 305, 330, 331 30, 629, 542 6, 26.5, 444 28, 562,181 1, 860, 485 68, 523, 398 2,586,950 975 917 764 • 425 311 T h e a b o v e s t a t e m e n t i n c l u d e s all r e p o r t s of s a v i n g s b a n k s in t h e different S t a t e s of t h e Union w h i c h c o u l d b e o b t a i n e d from official sources. T h e s t a t e m e n t for t h e D i s t r i c t of C o l u m b i a i n c l u d e s th© s e v e r a l b r a n c h e s of t h e F r e e d m e n ' s S a v i n g s a n d T r u s t C o m p a n y in s i x t e e n S t a t e s . 148 R E P O R T ON T H E FINANCES. VIII.—Statement of resources and liahilities of State hanks, including savings-hanks having capital stoclc. New York N e w ' York, New Hamp- Rhodelsland, C o n n e c t i c u t , City, Septem- S e p t e m b e r shire, F e b r u - D e c e m b e r , A p r i l , 1873. b e r 12,1873. 12,1873. ary, 1872. 1872. R e s o u r c e s a n d liabilities. RESOURCES. $4,155, 211 • $72,984 U n i t e d Staites b o n d s O t h e r b o n d s , stocks, m o r t g a g e s &c D u e from o t h e r b a n k s • 4, 000 203 1, 854 O t h e r invecitmenta Expenses.: Cash items ... Specie Cash — legal tenders, . b a u k n o t e s &c . ' $29, 216, 378 123, 795 5,102 72, 099 11,131. 1, 686, 485 3, 872, 399 1, 550, 463 84, 403 271, 789 17,149, 962 2, 883, 846 1,634,348 3, 003, 873 493, 578 68, 006 228, 253 . 639,237 31, 971 $2, 571, 001 3, 0.52 35, 790 108,376 126, 455 43, 632 482,128 92, 400 3,839 Total $48,178, 538 20,191 45,000 6,567 233, 861 67, 450 ' 4,377,947 911, 034 85', 608 4, 716, 374 3, 340,153 80, 076, 028 36, 350, 473 50, 000 1,554 3,149, 950 24, 594 1,450,000 29, 918 212,768 118,152 4, 294 1, 214, 780 310, 241 17,.285, 200. 38,142" LIABILITIES. Capital stock Circulation S u r p l u s fund '. U n d i v i d e d profits , Deposits D u e to other banks Other liabilities Total 27, 053 290 6, 711 232, 044 21, 079 1, 060, 379 176, 909 51, 419 85, 608 4, 716, 374 ' 3, 340,153 0 9, 653,-690 63,687 6,120, 322 3,133, 095 51, 514, 763 4, 564, 976 552, 625 20, 935,117 1, 697, 526 867-, 358 80, 076, 028 36,350,473 Eesources and liahilities of State hanlcs, including savings-hanks—Continued. N e w Jersey, Pennsylvania, Noveraber, January, 1872. 1873. R e s o u r c e s a n d liabilities. RESOURCES. . Wisconsin, J u l y , 1873. Minnesota, J u l y , 1873. ) .. Loans and discounts Overdrafts O t h e r bonds, s t o c k s , m o r t g a ges. &c D u e irom other b a n k s . . ^ Real estate Other investments Expenses Cash items •. Specie C a s h — legal t e n d e r s , b a n k n o t e s , &.C Total Michigan,' January, 1873. . . $3,302,178 $20,331,359 40, 600 *1, 418, 856 184, 478 918, 632 121, 854 541 15, 084 4, 308, 266 1, 911, 373 798, 092 783, 962 232,189 • '43,795 66, 393 $5, 063, 837 14, 570 $5, 700, 450 75, 496 $740, 405 992,130' 1, 434, 687 101, 362 1,409 1,175 173, 568 26, 798 24, 598 71, 539 50 • 678,986 783,811 65, 993 70, 208 898, 663 376, 728 1, 734, 892 4, 960, 095 31,679,3 77 7, 576, 073 7,187, 300 1, 447, 444 1, 402, 307 146, 944 165„275 20, 761, 456 1, 973, 907 354, 207 5, 816, 410 31, 679,177 7, 576, 073 5, 753 8, 709 669, 598 69, 699 9,176, 673 920, 753 LIABILITIES. Capital stock Circulation Surplus fund U n d i v i d e d profits Dividends unpaid Deposits D u e to o t h e r b.anks O t h e r liabilities Total ... ... 1, 482, 7.50 15,415 288, 559 189, 407 ' 7,829 2, 857, 635 113, 410 . 5,090 4,960,095 ; 715, 1, 54, 16, 000 404 654 688 284, 500 6, 200, 547 2,188, 380 386, 236 1,386 218, 499 9,176, 673 920, 753 4,500 25,632 /• This amount includes other bonds than those of the United States, the form of report not permitting them to be distinguished. 149 COMPTEOLLEIi OF THE CUEEENCY. Aggregate resources and liahilities of State -hanks, including savings-hanks having capital stock. Resources. Aggregate resources. Aggregate liabilities. Liabilities. $42, 705, 834 174, 714 2,109, 732 10, 027, 668 33, 492 110, 7.54, 034 8, 838, 355 4, 237, 578 $119, 332,341 Capital stock Loans and discounts , • 2.37,104 Circulation Overdrafts .^ '. 1, 544, 296 Surplus fund United States bonds". 9, 617, 667 Undivided.profits... Other bonds, stocks, mortgages, &c. 12, 60.5,100 JDividends unpaid,.. Due from other banks 3, 269, 233 Deposits . . . . . o Real estate 944, 079 Due to other banks . Other investments 886, 343 Other liabilities Expenses 18, 977, 324 Cash items 3, 020,139 Specie 8, 447, 776 Cash—legal tenders, bank notes, <fec Total 178, 881, 407 178, 881, 407 Total . IX.—Statement showing the amount and kind of United States registered honds held hy the Ti-easurer of the United States on the 1st day of Novemher, 1873, to secure the redemption of the Girciilating notes of national hanks. Title of loan. Loan of 18,58 Loan of Februaxy 8,1861, (81s) Loan of July and August, 1861, (81s) . . . Five-twenties of 1862 Loan of 1883 (81s) Ten-forties, 1864 : Five-twenties of March 3,1864 :.. Five-twenties of June, 1864 Five-twenties of 1865 -Consols of 1865 • Consols of 1867 Consols of 1868 Funded loan of 1881 United States bonds issued to -Pacific Railway companies. Total Authorizing.aet. June 14,1858 February 8 1861 July 17, and August 5, 1861. February 25,1862 March 3 1863 . . March 3, 1864 March 3, 1864 June 30, 1864 March 3 1865 March 3,1865 '. March 3,"1865 March 3, 3 865 : July'14, 1870, and January 20,1871. July 1, 1862, and July 2, 1864 Rate of interest. Amount. 5 per cent... 6 per cent... 6 per cent... 6 per cent... 6 per cent.:. 5 per cent-.. 6 per cent... 6 per cent... 6 per cent... 6 per cent..." 6 per cent... 6 per cent... 5 percent... $620, 000 4,162, 000 59, 344, 7.50 1, 355, 20p 32 080 150 107, 225, 050 706, 000 10, 446, 050 10, 247, 400 7, 611, 050 14,162. 350 3, 632, 000 127,172,100 6 p e r c e n t . . . 14, 088, 000 392, 852,100 150 REPORT ON T H E FINANCES. X.—Statement of the average amount of loans, and of liahilities and reserve, of the hanks in Liabilities. National banks. Loans. Circulation. F i r s t N a t i o n a l .Bank Second Nation.al B a n k • Third National Bank t Fourth National Bank Ninth National Bauk Tenth National Bank : New York National Exchang e Ceutral : National Broadway „ N a t i o n a l of C o m m e r c e National P a r k Tradesmen's : :...,. N a t i o n a l Shoe a n d L e a t h e r M a r k e t .1 Saint Nicholas Seventh W a r d ...1 N a t i o n a l of Reiiublic ' Mercantile J National Mechanics' Bankiug Association Merchants' Exchange '. East River, New York County Metropolitan Leather Manufacturers'. Marine Importers ahd Traders' Mechanics' National Butchers and Drovers' Union N a t i o n a l Citizens' Bowery G allatiu Hanover Irving • Merchants' Phoenix , Chatham Continental ....' " B a n k of N e w Y o r k a n d N a t i o n a l .Banking A s s o c i a t i o n American Exchange .National City N a t i o n a l B a n k of S t a t e of N e w Y o r k , Fulton Chemical Mechanics and Traders' T o t a l s for w e e k e n d i n g S e p t e m b e r 20 ...' T o t a l s for w e e k e n d i u g N o v e m b e r 22 ,.,. :... 628, 800 521, 000 454, 900 604, 400 070, 900 799, 300 264, 000 201, 000 932, 800 672, 300 324, 600 058, 000. 604, 500 876, 800 272, 900 203, 400 951,400 080, 000 395, 700 238,100 074, 200 144, 300' 771, 200 955, 200 147, 700 753, 000 653; 700 5,58,100 821, 800 438,. 600 242, 000 71 IS, 700 151, 700 362, 000 091, 800 870, 500 182, 900 583, 200 737, 600 259, 800 654, 300 960, 700 857, 600 701,200 860,-800 $317, 000 260,000 782, 200 2, 930, 300 610, 000 893, 500 266, 800 1, 440, 000 900, 000 3,140, 400 890, 000 752,400 775, 900 344, 400 735, 900 169, 400 858, 800 . 478,400 306, 500 447, 500 223, 500 180, 000 1,116, 800 262, 400 36P,000 488, 600 528,100 250, 000 486, 600 132, 400 225, 000 , 483,600 , 294,000 •174,400 857, 400 507, 600 / 128,300 584, 600 833, 800 938, 200 237, 700, 400 211,441,500 27,151,600 27, 267, 700 079, 300 697, 500 041, 400 004, 300 592, 700 ,578, 400 013,100 794, 800 412, 000 763, 000 055; 500 030, 500 489. 300 250,000 9,700 1, 200 2,700 38, 801, 800 36, 625, 800 32, 200 541,200 S T A T E BAJ<KS. Manhattan Company . . : B a n k of A m e r i c a G-reenwich B a n k Pacific B a n k People's Bank J .' B a n k of N o r t h A m e r i c a Nassau Bank Corn E x c h a n g e B a n k • Oriental B a n k G r o c e r s ' Banlc North River Bauk Manufacturers and M e r c h a n t s ' German American D r y Goods : T o t a f s for w e e k e u d i n g S e p t e m b e r 20 T o t a l s for w e e k e n d i n g N o v e m b e r 22 Aggreg.atos for w e e k e n d i n g S e p t e n i b e r 20 A g g r e g a t e s for Aveek e n d i u g N o v e m b e r 22 , 5,600 3,900 5,000 4,100 :.. .•. 276,502,200 248, 067, 300 32, ioo 27,183, 800 27, 299, 800 * L e a v i n g o u t t h e a v e r a g e r e s e r v e of t h e M a n h a t t a n C o m p a n y , w h i c h Avas 27.88 p e r cent'., a n d t h a t of C i t y for t h e w e e k e u d i n g S e p t e m b e r 20, 1873, w a s 17.P5 p e r cent., a n d for t h e w e e k e n d i n g N o v e m b e r of A m e r i c a 35.64 p e r cent., t h e a v e r a g e r e s e r v e of t h o S t a t e b a n k s i n N e w Y o r k C i t y w a s 24.17 p e r 'COMPTROLLER OF THE CURRENCY. 151 Neiv York City, during tlie week ending Septemher 20, 1873, as reported to the clearing-house. Liabilities. Reserve. Ratio of reserve. Total. N e t deposits. Specie. Legal-tenders. Total. Percent. ' $784, 500 $471, 600 357, 000 1, 303, 900 2, 049, 400 907, 600 175, 700 297, 000 2,170, 000 1,002,800 1, 542, 000 . 2, 373, 700 • 542, 700 356, 700 . 328,000 330,400 207,700 100, 000 677,100 192, 500 409, 800 188,100 285,100 599,100 510, 200 . 368,300 2, 647, 800 566, 800 441,500 642,400 300, 200 315, 000 355,100 378, 300 506, 000 • 750,900 184, 300 305, 000 293, 000 1,189, 800 965, 000 173, 000 558, 500 313,300 .584,900 390, 000 $1, 2.56,100 357, 000 1, 427, 900 3, 635, 400 1, 340, 900 256,600 305,200 2, 260, 000 1, 052, 200 2, 365, 600 3, 469, 000 655, 400 628, 800 516, 200 393, 200 289,100 9-53, 600 820, 000 268, 200 °473, 300 201, 800 285, 100 1,640,100 815, 800 546,900 3,149, 000 924, 900 474, 400 1, 005, 200 329, 400 321,000 813, 900 593, 300 550, 000 1, 559, 400 628, 300 531,800 342, 900 - 2, 948, 800 1, 646, 400 867, 000 914,100 507, 500 997,400 408, 500 36,119,400 14,759,300 29, 607, 200 25, 330, 600 4-). 726, 600 . 40,089,900 480, 900 1,320,100 6, 500 200, 400 42, 800 79, 500 6, 000 4, 200 24, 600 2, 000 439, 800 - 37,500 621, 900 936, .300 238, 500 • 237,500 137, 500 . 181,700 127, 000 291, 000 193, 4u0 158, 500 175, 800 16.5, 400 486, 400 286, 200 4, 242,100 5, 669, 200 6,951,500 8, 478, 600 33, 849, 300 30,999,800 I .52, 678,. 100 48,568,500 '$4,893,000 1,199, 000 5, 754, 000 17,107,100 6,164, 400 500, 700 • 867,700 7, 460, 000 2, 976,100 6, 534, 300 18,116,100 1,627,800 2, 049, 000 1,74.5,900 877, 900 900, 300 2, 722,100 3, 467, 500 1. 084, 600 2,311,500 • 633,500 917, 400. 5, 505. 400 2, 451, 200 1, 7.52, 300 11,718,200 3,161,100 1, 769, 900 2, 947, 000 1, 266, 700 1, 026, 000 1, 894, 000 2, 257, 900 •2,195,000 5, 303, 500 • 2, 401, 800 2, 044, 200 1,086,200 10,596,000 5, 048, 800 2, 858, 200 2, 974, 500 1, 449, 000 4, 278, 500 1,234,300 $5, 210, 000 3,459,000 6, 536. 2(J0 20, 037, 400 6, 774, 400 1, 394, 200 1,134,500 8, 900, 000 3, 876,100 9, 674, 700 19, 006,100 2, 380,200 2, 824, 900 2, 090. 300 1, 613, 800 1, 069, 700 3, 580, 900 3, 945, 900 1, .391,100 2, 759, 000 857, 000 1, 097, 400 6, 68^2, 200 2,713,600 2,112, 300 12, 206, 800 3, 689, 200 2, 019, 900 3, 433, 600 1, 399,100 1, 251, 000 2, 377, 600 . 2,5.51,900 2, 369, 400 6,16.5,900 2, 909, 400 2,172, 500 1,670,800 . 11, 429, 800 5, 987, 000 2, 858, 200 3, 515, 700 1,449,000 4, 278, 500 1, 480, 000 24.11 24. 47 21.85 18.14 19. 79 18.40 " 26. 90 25. 39 27.35 • 24. 45 18.25 27.54 22. 26 24. 69 24. 36 27. 02 26.63 20.78 19.28 17.15 23.55 25. 98 24. 54 30. 0625. 89 25. 80 25. 07 23. 49 29.23 23. 54 25.66 34. 23 23.25 23. 21 25.29 21.60 24. 48 20.52 25. 80 27.50 30. 33 26. 00 35. 02 23.31 27.60 """"'i,"o4i,"oo6" 167,184, 600 138, 625, 300 194, 336, 200 165, 893, 000 23.53 24.17 3, 95.5, 400 5, 232, 500 1, 088, 300 3, 550, 800 1,321,600 • 2,958,700 1, 940; 800 1, 438, 300 1, 006, 700 656, 300 901,500 806, 300 4, 535, 300 1,802,700 27.88 43.12 21.92 16.29 10.90 12.91 8.75 25.76 20.40 24. 79 22.23 20.76 21. 55 17.96. • 3, 945. 700 5, 231, 300 1, 085, 600 1, 550, 800 ', 1,316,000 •> 2, 958. 700 \ 1, 936; 900 , 1,43.3, ,300 \ 1,002,600 ', 656,300 901, 500 \ 806,300 \4, ,535, 300 1, 802, 700 2\ 163, 000 ^ 29341, 900 196, \47, 167, ^7, 600 200 . i24,"666 • 1, 586, 000 433, 300 80, 900 8,200 90, 000 49, 400 823, 600 1, 095, 300 112, 700 272,100 183, 200 .62, 800 81, 400 853, 600 142, 900 75, 700 63, 500 13,700 305, 600 178, 600 501,200 . 358,100 32, 900 362, 800 29, 200 6,000 458, 800 21.5,000 44, 000 808, 500 444, 000 226, 800 49,900. 1, 759, 000 681, 400 694, 000 35.5, 600 194, 200 412, 500 18, 500 i5,"ic)o" 29,195, 200 • 29,374,000 *23. 81 28. 86 2, 709, 400 2, 809, 400 223, .531, 400 195, 267, 000 23. 57 24. 87 18, 828, 800 17, 563, 700 • • 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 36 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 \ 32 i 33 1 34 35 i 36 37 1 38 30 j 40 41 42 43 44 1 45 1,302,800 i 1 2, 256, 400 i 2 233, 500 3 4 252, 600 144, 000 5 382,100 ; 6 169, 800 : 7 370, 500 ' 8 204, 400 9 162, 700 lo200, 400 ll 167, 400 12 976, 200 a3 323, 700 14 the Bank oi America, which was 43.12 per cent., the average reserve ot the State banks in New York 22, 1873, whti the average reserve of the Manhattan Company was 38.63 per Cent., and that of the Bank cent. • . •• - • XI.—statement showing the aggregate nuniber of notes issued, redeemed, and outstanding, on Novemher 1, 1868-73, inclusive. Or Twos. Ones. Fives. Tens. Twenties. Fifties. . One-hun• dreds. to Five-hundreds. One-thousands. • 1868. Issued Redeemed Outstanding ^ 8, 896; 576 254,. 754 2, 978,160 73,176 23,106, 728 482,132 7, 915, 914 142, 359 2, 219, 322 36, 355 355,181 17, 256 267, 350 15, 583 13, 486 1,759 8, 641, 822 2,904,984 22, 624, 596 7, 773, 555 ,2,182, 967 337, 925 251, 767 11, 727 2 900 9, 589,160 904, 013 3, 209, 388 232, 224 23, 670, 760 985, 940 8, 094, 645 272, 495 2, •269,'764 71, 655 363, 523 22, 859 274, 799 25, 968 13, 668 • 2, 585 4,769 2, 415 o 8, 685,147 2, 977,164 22, 690, 820 7, 821,150 2,198,109 334, 664 248, 831 11, 083. 2,354 H O 10, 729, 327 2, 568, 703 3,590,157 • 667, 733 . 24,636,720 1, 737, 983 8, 413, 244 484,135 2, 370, 056 129,185 378, 482 47, 845 284, 460 43,599 13, 926 3,952 4 779 3, 263 8,160, 624 2, 922, 424 22, 898, 737 7, 929,109 2, 240, 871 330, 637 240,861 9,974 1 516 12, 537, 657 5, 276, 057 4,195,791 1, 493, 326 28,174, 940 3, 276, 374 9, 728, 375 933, 445 • 2,779,392 245, 361 433, 426 82, 972 321,163 76, 287 14, 642 6,017 4, 843 4,005 7, 261, 600 2, 702, 465 24,898,566 8, 794, 930 2, 534, 031- 350, 454 244, 876 • 8, 625 838 4,782,628 2, 408, 389 31, 933, 348 5, 960, 667 11, 253, 452 1, 699, 702 - 3, 225, 688 438, 852 497,199 126,180 367, 797 110, 989 15, 621 7, 867 4 933 4,315 6, 377, 971 2, 374, 239 25,972,681 9,553,750. 2, 786, 836 371,019 256, 808 7, 754 638 15, 524,189 9, 891, 606 5,195, 111 3,120, 723 34, 894, 456 9,141, 963 12, 560, 399 2, 573, 070 3, 60S, 219 6.53, 071 559, 722 168, 976 416, 590 . 144, 0.57 16, 496 9,658 5,148 4, 530 5, 632, 583 2, 074, 388 25,752,493 9, 987, 329 2, 955,148 390, 746 272, 533 6, 838 618 ' 4 746 1 846 1869. Issued Redeemed • Outstanding .1870. Issiied ..'. Redeemed. • • Outstanding . . 1871. • Issued Redeemed • • . Outstanding ' ' 1872. Issued Redeemed.: 14,297,360' 7, 919, 389 Outstanding " 1873. Redeem.ed'.'.'. Outstanding ' . C 153 COMPTEOLLER OF THE CUERENCi'. XII.—Statement sliowing the national hanks that have heen placed in the hands of receivers, their capital, lawful money dexiosited to redeem circulation, circulation issued, circulation redeemed by the Treaswer of- the United States, and the outstanding circulation, Novemher 1, 1873. t > i O .' CD t ^ ' - ' o o cc Pl N a m e a n d location of b a n k . ^ $50, 000 F i r s t N a t i o n a l B a n k of A t t i c a , N . Y * V e n a n g o N a t i o n a l B a n k of F r a n k l i n , P a 300, 000 M e r c h a n t s ' N a t ' l B a n k of W a s h i n g t o n , D . C. 200, 000 F i r s t N a t i o n a l B a n k of M e d i n a , N . Y * . 50, 000 T e n n e s s e e N a t i o n a l B a n k of Memphis.Tenn'^'. 100, 000 F i r s t N a t i o n a l B a n k of Selma, A l a • 100, 000 F i r s t N a t i o n a l B a n k of N e w Orleans, L a . . . . . 500, 000 N a t i o n a l U n a d i l l a Bajik, U n a d i l l a , N . Y 120, 000 F a r m e r s a n d C i t i z e n s ' N a t i o n a l B a n k of B r o o k l y n , N . Y . . . ' '. 300, 000 C r o t o n N a t i o n a l B a n k of N e w Y o r k , N . Y * . . 200, 000 F i r s t N a t i o n a l B a n k of Bethel, Conn* 60, 000 F i r s t N a t i o n a l .Bank of K e o k u k , I o w a * 100, 000 F i r s t N a t i o n a l B a n k of Y i c k s b u r g h , M i s s . . . 50, 000 F i r s t N a t i o n a l B a n k of Rockford, III 50. 000 F i r s t N a t i o n a l B a n k of Nevada-, A u s t i n , N e v . 250; 000 Ocean N a t i o n a l B a n k of N e w Y o r k , N . Y , 000, 000 U n i o n S q u a r e N a t ' l B a n k of N e w Y o r k , N . Y . 200,000E i g h t h N a t i o n a l B a n k of N e w Y o r k , N . Y . . . . 250, 000 F o u r t h N a t i o n a l B a n k of P h i l a d e l p h i a , P a . . . 200, 000 "Waverly N a t i o n a l B a n k , W a v e r l y , N . Y 106,100 F i r s t N a t i o n a l B a n k of F o r t Smith, A r k 50, 000 S c a n d i n a v i a n N a t i o n a l B a u k of Chicago, I I I . . 250, 000 W a l i k i l l N a t i o h a l B a n k of M i d d l e t o w n , N . Y . 175, 000 C r e s c e n t C i t y N a t ' l B a n k , of N e w O r l e a n s , L a 500, 000 A t l a n t i c N a t i o n a l B a n k of N e w Y o r k , N . Y . . 300, 000 F i r s t N a t i o n a l B a n k of W a s h i n g t o n , D . C 500, 000 N a t i o n a l B a n k of t h e C o m m o n w e a l t h , N e w 750, 000 York, N . Y M e r c h a n t s ' N a t i o n a l B a n k of P e t e r s b u r g h , Y a 400, 000 200, 000 F i r s t N a t i o n a l B a n k of P e t e r s b u r g h , V a F i r s t N a t i o n a l B a n k of Mansfield, Ohio 100, 000 N e w Orleans N a t ' l B a n k i n g Association, L a . 600, 000 F i r s t N a t i o n a l B a n k of Carlisle, P a 50, 000 Total. - c^ a c3 3 CD , O OJ -3 ci O O -gi o $44, 000 8.5,000 180, JOO 40, 000 90, 000 85, 000 180, 000 100, 000 $44, 000 8,5,000 180, 000 40, 000 90, 000 85, 000 180, OOO 100, 000 $42, 906 50 83,128 50 174, 904* 00 38, 806 75 87,878 .75 82, 816 75 175,175 50 97, 514 50 253, 900 .180,000 26, 300 90, 000 25, 500 45, 000 129, 700 800, 000 50, 000 243,393 179, 000 71,000 4.5, 000 135, 000 118, 900 270, 000 66, 700 (t) 253, 900 180, 000 26, 300 90, 000 25, .500 45, 000 329,700 800, 000 50, 000 243, 393 179, 000 71, 000 45, 000 135, 000 118, 900 450, 000 100, 000 450, 000 246, 550 25 7, 349.75 176, 390 75 3, 609 25 25, 339 50 960 50 88,149 00 1, 851 00 24,108 75 1,391 25 42, 983 00 2, 017 00 117, 836 50 11,863 50 705, 035 00 94, 965 00 43, 447 00 6, 553 00 208,199 00 3.5,194 00 156, 005 00 22, 995 00 '57, 865 00 • 13,135 00 37, 005 00 7, 995 00 89, 300 00 45,700 00 75, 800 00 43,100 00 238, 000 00 212, 000 00 47, 200 00 52, 800 00 450, 000 do (t) ^t) (t) (t) (t) (t) 234,000 360, 000 179, 200 90, 000 360 000 •45.000 8,061,100 3,533,393 .5,464,893 $1, 093 50 1, 871 50 5, 096 00 1,193 25 . 2,121 25 2,183 25 4, 824 50 2, 485 50 234, 360, 179, 90, 360, 45, 000,00 000 00 200 00 000 00 000 00 000 00 3,162, 345 00 ,2, 302, 548 00 ^ F i n a l l y closed. t U n i t e d S t a t e s b o n d s on deposit to s e c u r e circulation, n o t y e t sold. • 154 REPORT ON T H E FINANCES. XIII.—Statement showing tlie insolvent hanks, with date of appointment of receivers, caxntal . stock, aniount of claims proved, and dividends paid. DiviAmount of claims d e n d s paid. proved. N a m e a n d location of b a n k . Appointment of receiver. Capital stock. F i r s t N a t i o n a l B a n k of A t t i c a , N . Y . V e n a n g o N a t i o n a l B a u k of F r a n k lin, P a '.:.. M e r c h a n t s ' N a t i o n a l Baiik of W a s h i n g t o n , D. C F i r s t N a t i o n a l B a n k bf M e d i n a . N . Y . T e n n e s s e e N a t i o n a l B a n k of Memphis, Tenn • F i r s t N a t i o n a l B a n k of Selma A l a . . F i r s t N a t i o n a l B a n k of NCAV Orleans, L a N a t i o n a l U n a d i l l a B a n k of U n a d i l la, N . Y : F a r m e r s and Citizens' National B a n k of B r o o k l y n , N . Y C r o t o n N a t i o n a l B a n k of N e w Y o r k , N.Y F i r s t N a t i o n a l Baink of B e t h e l , Conn. F i r s t N a t i o n a l B a n k of K e o k u k , Iowa.' N a t i o n a l B a n k of V i c k s b u r g i i , M i s s . F i r s t N a t i o n a l B a n k of Rockford,III. F i r s t N a t i o u a l B a u k of N e v a d a , Austin, Nev A p r . 14,1865 $50, 000 $122, 089. May 1,1866 300, 000 "39,5,734 M a y 8,1866 M a r . 13,1867 200, 000 50, 000 M a r . 21,1867 A p r . 30,1867 100,000 100, 000 376, 932 238, 932 35 xMay 20,1867 SOCi, 000 11,116,631- 35 A u g . 29,1867 120, 000 127, 266 32 92 F i n a l l y closed. C a s h on h a n d $100,347. 38i " Cash on h a n d $40,603. F i n a l l y closed. Do. 6,1867 300, 000 1,189, OCO Oct. 1,1867 F e b . 28,1868 200, 000 .60, 000 170,752 68,986 884- M a r . .3,* 1868 A p r . 24,1868 M a r . 15,1869 100, 000 50, 000 50, 000 205, 256 31,212 63, 248 68:} 35 25 Oct. 14,1869 250, O0(j 169, 812 Sept. Ocean N a t i o n a l B a n k of Nev/^ Y o r k , N.Y. Dec. 13,1871 1, 000, 000 U n i o n S q u a r e N a t i o n a l B a n k of 200, 000 New York, N. Y D e c . 15,1871 E i g h t h N a t i o n a l B a n k of N e w 250, 000 Dec. 15,1871 York, N . Y F o u r t h N a t i o n a l B a n k of P h i l a d e l phia, P a W a v e r l y N a t i o n a l B a n k , AVaverly, N . Y . . . F i r s t N a t i o n a l B a n k of F o r t S m i t h , Ark : S c a n d i n a v i a n N a t i o n a l B a n k of Chicago, III W a l i k i l l N a t i o n a l B a n k of Middletown, N. Y C r e s c e n t C i t y N a t i o n a l B a n k of N e w Orleans, L a A t l a n t i c N a t i o n a l B a n k of N e w Yort,N.Y :........:. F i r s t N a t i o n a l B a n k of W a s h i n g ton, D. C ,..:.. N a t i o n a l B a n k of t h e Commonwealth, N e w York, N. Y M e r c h a n t s ' N a t i o n a l B a n k of P e tersburgh, Va F i r s t N a t i o n a l B a n k of P e t e r s burgh, V a F i r s t N a t i o n a l B a n k of Mansfield, Ohio N e w Orleans National Banking Association, L a F i r s t N a t i o n a l B a n k of Carlisle, P a . Perct 58 Remarks. Since l a s t r e p o r t . C a s h on h a n d $263,514. 'Since l a s t r e p o r t . C a s h on h a n d $55,287. Finally'closed. 28 p e r cent, since l a s t r e p o r t ; finally closed. F i n a l l y closed. Since l a s t r e p o r t . Do. 15 p e r cent, since l a s t r e p o r t . C a s h on h a n d $33,516. 3,280,328 70 157,120 100 376, 695 60 10 p e r cent, since l a s t r e p o r t . Cash on h a n d $30,631. D e c . 20,1871 200, 000 ' 645, 558 100 A p r , 23, 1872 106,100 83, 351 100 2,1872 50, 000 8,683 100 Dec. 12,1872 250, 000 240, 810 D e c . 31,1872 175, 000 152,588 M a r . ISi 1873 500, 000 +666,751 A p r . 28,1873 300, 000 521,-526 Sept. 19,1873 500, 000 +1, 655, 795 Sept. 22,1873 750, 000 tT91, 036 C a s h on h a n d $153,300. Sept. 25,1873 400, 000 Jl, 002, 346 C a s h on h a n d $12, 787. Sept. 25,1873 200, 000 1178, 618 C a s h on h a n d $8,922. Oct. 18,1873 100, 000 +177, 207 C a s h on h a n d $8,358. Oct. 23,1873 Oct. 24,1873 600, 000 50, 000 +642,182 J68, 960 C a s h on h a n d $7,972. C a s h on h a n d $1,814. May Since l a s t r e p o r t . Do. Do. C a s h ou h a n d $131,945. Since l a s t r e p o r t . I * Also, $50,000 U n i t e d S t a t e s 6 p e r cent, b o n d s on d e p o s i t w i t h t h e T r e a s u r e r . t I n a d d i t i o n to t h o above, t h e G o v e r n n i e n t holds, a claim of $221,769, w h i c h i s i n d i s p u t e . J E s t i m a t e d a m o u n t of claims. COMPTROLLER 165- OF THE- CURRENCY. XIY.—Statement showing the national hanks in voluntary liquidation that have deposited lawful.money with the Treasurer of the United States to redeem their circulation, ivithdrawn theirbonds, and voluntarily closed business under the p)rovisions of section 42 of the act; their caxntal,-.circuiation issued, circulation surrendered, circulation redeemed, hy the Treasurer of the United States, amd circulation outstanding on the 1st day of Noveniber, 1873. N a m e a n d location of b a n k . Capital. $100, 000 F i r s t N a t i o n a l B a n k of Columbia, M o . F i r s t N a t i o n a l B a u k of Carondelet, M o 30, 000 F o u r t h N a t i o n a l B a n k of I n d i a n a p o l i s , I n d . 100, 000 N a t i o n a l U n i o n B a n k of R o c h e s t e r , N . Y , . . . 400, 000 F a r m e r s ' N a t i o n a l B a n k of.Richmond, V a . . * 100,000 F a r m e r s ' N a t i o n a l B a n k of W a u k e s h a , W i s 100; 000 N a t i o n a l B a n k of t h e Metropolis, W a s h i n g 200, 000 ton, D . C . N a t i o u a l S t a t e B a n k of D u b u q u e , I 8 w a . . . . 150, 000 Ohio N a t i o n a l B a n k of Cincinnati, Ohio 500, 000 F i r s t N a t i o n a l B a n k of N e w U l m , M i n n 60, 000 F i r s t N a t i o n a l B a n k of Blufi'ton, I n d 50, 000 N a t i o n a l E x c h a n g e B a n k of R i c h m o n d , V a . 200, GOO F i r s t N a t i o n a l B a n k of J a c k s o n , M i s s 300,000 1.50, 000 F i r s t N a t i o n a l B a n k of S k a n e a t e l e s , N . Y . . A p p l e t o n N a t i o n a l B a n k of A p p l e t o n , W i s 50, 000 120, 000 N a t i o n a l B a n k of W h i t e s t o w n , N . Y F i r s t N a t i o n a l B a n k of C u y a h o g a F a l l s , Ohio 50, 000 F i r s t N a t i o n a l B a n k of C e d a r b u r g h , W i s . . 100, 000 C o m m e r c i a l N a t i o n a l B a n k of C i n c i n n a t i , 500, 000 Ohio. F i r s t N a t i o n a l B a n k of S o u t h W o r c e s t e i , 175, 500 N.Y. N a t i o n a l M e c h a n i c s a n d F a r m e r s ' B a n k of 350,000 Albany, N. Y. Second N a t i o n a l B a n k of D e s Moines, I o w a 50, 000 F i r s t N a t i o n a l B a n k of D a n v i l l e , V a 50, 000 F i r s t N a t i o n a l B a n k of Oskaloosa, I o w a 75, 000 Merchants and Mechanics' National Bank 300, 000 of T r o y , N . Y . N a t i o n a l S a v i n g s B a n k of W h e e l i n g , W . V a . 100, 000 F i r s t N a t i o n a l B a n k of M a r i o n , Ohio 125, 000 N a t i o n a l I n s u r a n c e B a n k of D e t r o i t , M i c h . 200, 010 N a t i o u a l B a n k of L a n s i n g b u r g h , N . Y 150, 000 N a t i o n a l B a u k of N o r t h A m e r i c a , N e w 1, 000, 000 York, N. Y. F i r s t N a t i o n a l B a n k of Hallowell, M e 60, 000 Pacific N a t i o n a l B a n k of N e w Y o r k , N . Y . . 422, 700 G r o c e r s ' N a t i o n a l B a n k of N e w Y o r k , N . Y. 390, 000 Savannah National Bank, Savannah, G a . . . 100, OUO F i r s t N a t i o n a l B a n k of F r o s t b u r g , M d 50, 000 • 50, 000 F i r s t N a t i o n a l B a n k of La* Salle, I I I N a t i o n a l B a n k of C o m m e r c e , G e o r g e t o w n , 100, 000 D . C. . M i n e r s ' N a t i o n a l B a n k of Salt L a k e City, 150, 000 Utah. .50, 000 F i r s t N a t i o n a l B a n k of V i n t o n , I o w a F i r s t N a t i o n a l Balnk of D e c a t u r , III 100,000 N a t i o n a l U n i o n B a n k of Owego, N . Y 100, 000 F i r s t N a t i o n a l B a n k of B e r l i n , W i s 5O,O(?0 C e n t r a l N a t i o n a l B a n k of C i n c i n n a t i , Ohio. 500, 000 F i r s t N a t i o n a l B a u k of D a y t o n ; Ohio 150, 000 100, 000 N a t i o n a l B a n k of C h e m u n g , E l m i r a , N . Y . M e r c h a n t s ' N a t i o n a l B a n k of M i l w a u k e e , 100,000 Wis. F i r s t N a t i o n a l B a n k of S a i n t Louis, M o . . . 200, 000 C h e m i n g C a n a l N a t i o n a l B a n k of E l m i r a , 100, 000 N. Y. ' F i r s t N a t i o n a l B a n k of Clarksville, V a . . . . 50, 000 F i r s t N a t i o n a l B a n k of L e b a n o n , O h i o . . : . . . 300,000 N a t i o n a l E x c h a n g e B a n k of L a n s i n g b u r g h , -100,000 M u s k i n g u m N a t i o n a l B a n k of Zanesville, Ohio. U n i t e d N a t i o u a l B a n k of W i n o n a , M i n n . . . F i r s t N a t i o n a l B a n k of D e s Moines, I o w a . S a r a t o g a C o u n t y N a t i o n a l B a n k of W a t e r ford N . Y . 1 Stiite N a t i o n a l . B a n k of S a i n t J o s e p h , M o . F i r s t N a t i o n a l B a n k of T r e n t o n , M i c h . . . F i r s t N a t i o u a l B a n k of W e l l s b u r g , W . V a . C l a r k e N a t i o n a l B a u k of R o c h e s t e r , N . Y . . Circulation Circulation Circula- r e d e e m e d C i r c u l a t i o n , t i o n suroutstandissued. r e n d e r e d . : ^.y u- s. 1 ing. Treasurer. $90, 000 $78, 010 $11, 425 00 2.5,500 24, 848 75 85, 700 '•'"io.'ioo' . 63, 800 00 192, 500 2, 550 373,108 25 85, 000 8,500 63, 583 25 90, 000 87, 320 25 1 180, 000 "'63,'ioo" 70, 700 00 127, 500 14, 900 450, 000 45,100 54, 000 11,800 45, 000 3,770 180, 000 7,880 40, 500 135, 000 " " 6 , ' 5 8 5 ' 45, 000 44, 500 4.5, 000 ' " ' i 2 , ' 6 0 0 ' 90, 000 18, 000 345, 950 157, 400 97,943 351. 240 34, 210 37, 446 151, 205 36, 015 118, 672 41, 783 40, 513 28, 304 64, 997 321, 955 75 00 00 25 00 00 20 85 25 75 00 00 $565 00^ 651 25 11, 800 0016, 841 75 12, 916 75 2, 679 75 46, 200 0014, 656 25-' 53, 660 00 7, 990 003, 783 75 20, 915 00 4, 435 009, 742 80 • 3,216 15 3,986 7.54,095 25^ 7, 003 00 23, 995. 00 4,500 141, 841 25 11, 058 75 314,950 48, 410 242, 300 25 24, 239 75 42, 500 4.5, 000 67, .500 184, 750 2,200 10, 000 3,755 13, 900 36, 647 00 25, 500 00 59,127.85 159, 641 20 3,-653 9,500 4, 617 11,208 0000 15 80^ 90, 109, 85, 135, 333, 22, 4, 9, 12, 65, 59, 000 96, 418 •70,013 112, 891 238, 060 8, 700 9,414 5, 486 10,108 29,139 00 • 65 251535 000 8.50 000000 000 . 300 017 500 000 800 00 35 75. 85 65 .53, 350 46,143 75 2,500 134, 990 4,715 118,862 25 85, 250 33, 576 00 45, 810 85, 000 73, 255 25 4.5, 000 '*""4,'256' 36, 822 75 45, 000 11, 800 27, 500 00 90, 000 52, 505 00 21, 600 135, 000 42, 85, 88, 44, 445, 135, 90, 90, 4.5,^000 73,832.00 500 885 38, 523 75 250 79, 674 30 250 '""5,"406' 30, 006 50 000 3, 923 36, 785 80 000 105,130 271, 615 00 000 2,900 121,081 05 000 85, 098 25 000 75, 502 50 • 179, 990 161,989 05 90, 000 """3;^ 560" 80,139 00 27, 000 85, 000 90, 000 " " ' 4 , ' 3 0 3 ' 21,155 0 0 . 77, 023 75 77, 557 80 4, 706 • 11, 412 5, 864 6, 744 3, 927 5, 700 15, 895 25-75 00 75' 25 00 00 16,163 00^ 3, 091 5, 575 52, 843 ,3,291 6S, 255 11,018 4, 901 14^ 497 25. 70 50' 20' 00 95 75 50' 13, 000 956, 361 00 5, 845 00' 7'976 2.58,134 20 100, 000 90, 000 3,800 73, 500 00 12, 700 00 •'50,000 100, 000 150,000 45, 000 90, 000 135, 000 875 700 8,000 38, 375 00 80,553 75 114,175 05 5,750 oa 8, 746 25 12, 824 95 78, 865 45, 023 77, 768 12-2, 810 •7,321 3, 976 11,732 31; 090 • 100, 000 100,000 100, 000 200,000 90, 49, 90, 180, 000 3,813 000 000 ' ' " " . 5 0 0 " 000 20,100 70 25 00 00 30 75 00 00 156 REPORT ON T H E FINANCES. , XIV.—Statement shoiving the national banksin voluntary liquidation, cj-c.—Ccntinued. N a m e a n d location of b a n k . Commercial N a t i o u a l B a n k of Oshkosh, W i s . F o r t Madison National Bank, F o r t Madison, I o w a . N a t i o n a l B a n k of M a y s v i l l e K y . F o u r t h N a t i o n a l B a n k of Syracuse, N . Y .. A m e r i c a n N a t i o n a l B a n k of N e w Y o r k . N . Y. A t l a n t i c N a t i o n a l B a n k of Brooklyn, N . Y . F i r s t N a t i o n a l B a n k of Rochester,' N . Y . . . M e r c h a n t s a n d F a r m e r s ' N a t i o n a l B a n k of Quincy, III. Lawrenceburgh National Bank, Lawrence-' burgh, Ind. F i r s t N a t i o n a l B a n k of K n o x v i l l e , T e n n . . . F i r s t N a t i o n a l B a n k of Goshen, I n d Second N a t i o n a l B a n k of Zanesville Ohio Second N a t i o n a l B a n k of Svracuse, N . Y . . . M e c h a n i c s ' N a t i o n a l B a n k "of S y r a c u 8 e , N . Y . F a r m e r s a u d M e c h a n i c s ' N a t i o n a l B a n k of Rochester, N . Y. . M o i i t a u a N a t i o n a l B a n k of H e l e n a , M o n t N a t i o n a l B a n k of Cazenovia ' N . Y . . .. Second N a t i o n a l B a n k of Chicago, III M a n u f a c t u r e r s ' N a t i o n a l B a n k of ChiGao"o DI. Beloit N a t i o n a l B a n k of IBeloit, W i s M e r c h a n t s ' N a t i o u a l B a n k of M e m p h i s , Tenn. M e r c h a n t s ' N a t i o n a l B a n k of D u b u q u e , Iowa. U n i o n N a t i o n a l B a n k of S a i n t L o u i s M o P i t t s t o n N a t i o n a l B a n k of P i t t s t o n P a B e r k s h i r e N a t i o n a l B a n k of A d a m s M a s s K i t t a n i n g N a t i o n a l B a n k of K i t t a n i n g , P a . C i t y N a t i o n a l B a u k of S a v a n n a h , G a C e n t r a l N a t i o n a l B a n k of Omaha, N e b r N a t i o n a l B a n k of CraAVford C o u n t y , Meadville, P a . K i d d e r N a t i o n al Gold B a n k of B o s t o n , M a s s . ' Total ' Capital. $100,000 • 75, 000 300, 000 105, 500 500,000 200, 000 400, 000 150, 000 200, 000 Circulation issued. 270, 000 91, 700 450, 000 -*$72,200 • 165, 000 11,000 206,100 135, 000 180,000 80, 910. 103, 500 - 138,140 90,000 93, 800 83, 250 100,000 150,000 100, 000 500, 000 31,500 116,770 97, 500 450, 000 50, 000 250, 000 200, 000 •500,000 200, 000 100, 000 200, 000 100, 000 100, 000 300, 000 300, 000 15, 448, 410 $77, 015 00 $12 985 00 54, 000 00 • 13, 500 00 $90, 000 67, 500 000 000 700 000 000 000 100, 115, 154, 100, 140, 100, Circulation Circularedeemed Circnlation tion suroutstandb y U . S. rendered. ingTreasurer. 500 ' 12, 225 900 *I1, 250 ' 45^ 000 225, 000 180, 000 150, 300 (t) (t) . (t) (t) (ty .(t) 120, 000 224, 800 00 77, 235 00 103, 505 00 163, 802 50 101, 500 00 125,100 00 49, 61, 86, 51, 48, 7, 900 600 000 500 000 800 00 00 00 00 00 00 7, 400 00 45, 200 14 465 377, 800 50, 495 42,297 33, 500 00 00 00 00 50 00 54, 400 00 31,010 41- 900 .52,140 38, 500 45,800 63,225 31 108 97, 438, 500 470 500 750 00 00 00 00 00 00 00 00 00 00 45 000 00 225,000 00 • {*) 180, 000 00 (*) 150, 300 00 120, 000 10, 511, 650 1, 012, 861 6,554,390 70 2, 944, 393 30 * Lawfal money not yet deiiosited. t No circulation. 157 COMPTROLLER OF THE CURRENCY. XY.—Statement showing the national banks in liquidation for the purpose of consolidating with other hanks, their capital, bonds on dex^osit io secure circulation, circulation issued, circulation surrendered and destroyed, and circiilation outstanding November 1,1873. Name and location of. bank. First National Bank of LeonardsviUe, N.Y First National Bank of Providence, P a First National Bank of Newton, Newtonville, Mass First National Bank.of Kingston, N. Y. First National Bank of Downingtown,. Pa: First National Bank of Titusville, P a . First National Bank of New Brunswick, N. J .• Second National Bank of Watertown, NY First National Bank of Steubenville, O First National Bank of Plumer, Pa . . . First National Bank of Dorchester, First National Bank of Clyde, N. Y . . . National Exchange Bank "of Philadelphia. Pa 1 First National Bank of Burlington, Vt • Carroll County National Bank of Sandwich, N. H ,.. Second National Bank of Portland, Me. Jewett City National Bank, Jewett City, Conn Orange County National Bank of Chelsea, Vt : Richmond National Bank, Richmond, Ind* First National Bank of Adams, N. Y . First National Bank of Havana, N. Y . Merchants and Farmers' National Bank of Ithaca, N: Y. Capital stock. U. S. bonds Circulation Circulation Circulation on deposit. issued. surrendered. outstanding. $50, 000 100, 000 $23, 500 80,000 $45, 000 90, 000 $19, 685 21, 750 $25, 315 68, 250 1.50, 000 200, 000 79, 000 125, 000 130, 000 180, 000 58, 900 67, 500 71,100 112, 500 100, 000 100, OOG 65, 000 62, 200 89, 500 • 86,750 36, 000 . 34,900 53, 500 51, 850 100, 000 80, 000 90, 000 25, 700 64, 300 100, 000 150, 000 100, 000 84, 000 150, 000 76, 000 90, 000 135, 000 87, 500 14, 400 75, 600 135, 000 67, 200 1.50, 000 50, 000 96, 000 39,000 132, 500 44, 000 48, 300 9,000 84, 200 35, 000 300, 000 300, 000 130, 000 224, 000 • 175,750 270, 000 67, 200 69, 500 108, 550 200, 500 50, 000 100, 000 45,000 90, 000 45, 000 81, 000 5, 000 40, 000 • 81,000' 60, 000 45, 000 48, 750 8, 900 39, 850 200, 000 .189, 000 180,^000 13, 600 166, 400 230, 000 75, 000 50,000 230, 000 66, 000 48, 000 207, 000 66, 900 45, 000 16, 400 8,100 • 900 190, 600 ' 58,800 44,100 45, 000 45, 000 .4,'0OO 41, 000 2, 076, 700 2, 364, 650 50, 000 ' New bank organized with same title. 158' REPORT ON T H E FINANCES. .;XVI.—Names and compensation of officers and'clerks in the office of the Comptroller of tlie Currency. ' Names. Class. COMFTKOLLILK. • •Jno. Jay Knox . D E P U T Y . COMPTKOLLER. . John S. LangAvorthy. • J. Franklin Bates Edward AVolcott ^, John D. Patten, jr '••George. W. Martin . . John W. Magruder... . J o h n W . Griffin Edward S. Peck -'George H. Wood William Elder -Charles H. Norton . . . F. A. Simkins • Charles A. Jewett Watson W. Eldridge. Fourtli class clerk . do ......do .do . .do . .do . .do . .do . .do. .do . .do . -do . .do . Edward Myers Fernando C. C a k e . . . . . . Williani .H. Milstead . . . Frank A. MiUer John A. Kayser C. Burr Vickery 'Charles H. Cherry Theodore 0. Ebaugh . . . William Sinclair William B. Greene AVilliam D. S^wan Nathaniel 0. Chapman. William H. Glascott... : Third class clerk, do .do . .do . .do. .do . .do. .do .do . .do . .do. .do. .do. William A. Page •Charles Scott "AVilliam Cruikshank Richard T. J. Falconer... Miss Francis R. Sprague. . Alanson T. Kinney Walter Taylor ,... John J. Saiiborn , AVashington K. McCoy . . David B. Ventres' ".... .- James C. Brown E. M. Sunderland Second class clerk.. do ..:..., do.^.....' , do do .do . .do . .do . .do . .do . .do . -do. • John J. Patton Philip T. Snowden .. Isaac C. Miller Edward. W. Moore.. AValter S. Johnston . -Charles E. Brayton.. Johu A. Hebrew True S. Norris' •First class clerk . , do do do do do do .....do Mrs. Mary S. McCormick .. Mrs. Sarah F. Fitzgerald... Mrs. Etha E." Poole Mrs. Sophy C. Harrison ':Mrs. Fayette C. Snead Mrs. Marie L. Sturgus Mrs. Maggie B. Miller Mrs. Carrie F. B. Stevens .. Mrs. Julia R. Donoho Mrs. E.H. Reed vMrs. H.C. Carr..... Miss Celia N. French Miss Louisa W. Knowlton . Miss Annie W. Story Miss Maggie L. Simpson . . . Miss Eliza R. Hyde Miss Clara J. Fenn<;> Miss Eliza M. Barker Miss Amelia P. Stockdale.. IMiss Harriet M. Black , do ....... ......do do do do ....... do do , do do do do....... do do do do do do do do Female clerk . COMPTROLLER OF THE CURRENCY.. 159 XVI.—Nwmes and compensation of officers and cZer/cs, ^-c—Continued. Names. Class. Salary. CLERKS—Continued. Miss Margaret E. Gooding. Miss Julia Greer Miss Lizzie Henry Miss Margaret L.' Browne.. Miss Alice M. Kennedy Miss Nellie W. Fletcher . . . Miss Gertrude A. Massey . . Miss Flora M. Fleming Miss Martha M. Smith Miss Maria Richardson Miss Annie E. AVheat Miss Annie E. Ober Miss Margaret Downing . . . Female clerk. do do do do...... do . . . . . . do do . .do . .do . .do . .do . .do . Edmund E. Schreiner. Harry K. Hughes . : . . . -J. Eddie DeSaules Miss M. L. Conrad AVilliam H. AValton . . . Messenger. do°.... . ...do.... do . . . . do.... Charles B. Hinckley . Assistant messenger. Philo Burr AVilliain H. Romaine Henry Sanders 'Charles McTaylor ,'.Robert Le Roy Livingston , Henry Mathews James D. Burke , Watchman. , do:... 720 720 Laborer. do . ......do . do. do . 720 720 720 720 720 900 900 900 900 900 900. 900 900 900 - 900 900 900 840 840 840 840 840 .XYII.—jEx2)enses of the office of the Gomptroller of the Gurremy for the fiscal year ended June 30, 1873. For special dies, plates, paper, printing, &c For salaries , $99, 459 53 112,800 00 Total ., .,..212,259 53 In addition to the aboA^e amount there was paid for expenses of the office for^special dies, plates, paper, printing, &C.5 for work done in 1872, and previous years, $82,198.31. The contingent expenses of the office were paid out of the general appropriation for contingent expenses of the Treasury Department, and as separate accounts are not kept for the different Bureaus, the amount can not be stated. REPORT OF THE .FIRST COilPTROLLER: 11 P REPORT OF THE ?FIRST COMPTROLLER' OF THE TREASURY; TREASURY DEPARTMENT, F I R S T COMPTROLLER'S O F F I C E , ' • November^ 1873. S I R : The following report, which embraces the operations of this office during the fiscal year ending June 30,1873, is respectfully submitted. • ' ^ • . The number of warrants examined, countersigned, entered upon blotters, and posted into ledgers Avas as follows, viz : Treasury i3rop8r Public debt Quarterly salaries Diplomatic and consular , Customs Internal revenue ^ Judiciary War civil AVar pay War repay Navy p a y . . . Navy repay Interior civil Interior pay Interior repay Appropriation Customs, (covering) Land, (covering) Internal revenue, (covering) Miscellaneous, (covering) Miscellaueoiis repay, (covering) ,. - -.: .• '. :. - ...-.: '. »».-. , 1 ...^ 2, 054 223 1,704 2,189 • 4,777 7, 036 2,010 .... 4 . 5,706 833 1,445 164 2^289 1,995 ' 205 155 1,392 928 2,902 6,841 1, 527 •'The following accounts were received from the First and Fifth Auditors of the Treasury, and the Commissioner of the General Land-Office, and revised and certified^ viz: Judiciary, embraciog the accounts of United States marshals for their fees and for the expeuses of the United States courts, of the United States district attorneys, and of the commissioners : and clerks of the United States • courts Diplomatic and consular, embracing the accounts arising from our intercourse with foreign nations, expenses of consuls for sick and disabled seamen, and of our commercial agents in foreign countries ....'... i.. Fublic lands, embracing the accounts of the registers and receivers of land offices, and surveyors-general and their deputies, and of lands erroiieously sold.. *•. Steamboats, embraciDg accounts for the expenses of the inspection of steam• vessels, and salaries of inspectors Mint and its branches, embracing the accounts of gold, silver, and cent coinage, of bullion, of salaries of the ofiicers, and general expenses Public debt, embracing the account ofthe Treasurer of the United States, and the accounts of Assistant T.reasu.rers for the redemption o£ United States stocks and notes, aud for the payment of the interest on the public d e b t . . . . 2,201 ' 1;868 2,710 329 124 713 164 REPORT ON T H E EINANCES. Jhihlic xyrinting, embracing accounts for printing, for paper, and for binding.. 84 Territorial, embracing accounts for the legislative expe,nses of the several Territories, and all the expenses incident to their government 373 Congressional, embracing accounts for salaries, for contingent expenses, and for other expenses of the United States Senate and House of Representatives.. Ill Internal revenue collectors' accounts of the rev^enue collected, the expenses of collecting the same, their own compensation, and the expenses of their offices... 3, OIL Internal revenue assessors' accounts for the expenses of levying the taxes, and for their o^Yn compensation •. 1, 066 Internal revenue stamp-agents' accounts for the sale of stamps 133 Internal revenue miscellaneous accounts for salaries and incidental expenses of supervisors, surveyors, detectives, &c 3,254' Miscellaneous, embracing acco.unts for the contingent expenses of .all the Executive Departments at Washington, the salaries of judges, district attorneys, marshals, territorial officers, &c 1, 919 Number of letters written from this office on official -business 11, 505 Number of receipts given by collectors for tax-lists examiued, registered, and -filed •-..,... 2,912 Number of requisitions examined, entered, and reported, viz : . Diplomatic and consular ;.. 698^ Collectors ol internal revenue .2,688 United States marshals 289 United States dexiositaries '. 153 . The above details furnish but a portion of the duties appertaining to this office. In addition thereto must be added the examination, registering, and filing of official bondsj the examination, filing, and registering of all powers of attorney for the collection of interest, and the collection of money due to public creditors from' the Department; the ex-^ amination and decision of applications, for the re-issue of securities in, place of those lost or destroyed, and a variety of miscellaneous business occurring daily, Avhich it is impossible to enumerate. The'busiuess of the office continues steadily to increase, as the aggregate of the items stated in the table above is 7,642 grea,ter than in the year immediately preceding, but the AVork has been carried on promptly and efficiently. I commend the persons employed in the office for their faithfulness and efficiencyo Many of them merit a higher rate of compensation than they now receive, not only because of their attention to business, but because, also, of the important and responsible duties devolved upon them, AA^hich they discharge to my satisfaction. . . Kespectfully submitted. E. W. TAYLBR, • . • Gomptrollero Hon. W I L L I A M A. RICHARDSON, Secretary of the Treasury. REPORT OF.THE SECOND COMPTROLLER, EEP0 RT THE SECOND COMPTROLLER OF THE TREASUEY. • TREASURY. DEPARTMENT, Second Gomptrollefs OffioCj October 31, 1873. Sir': I have the honor to subaiit the.following detailed, statement of the business operations of this Office for the fiscal year ending June 30, 1873. The aggregate number of ac\30unts of disbursing officers and agents which have been received, as well as those which have been finally -adjusted, is as follows. From— Second Auditor Third Auditor . . •i'^om'th Auditor . . . . -. Total- Received. Revised. Amount. 3,742 4,241 58.5 3,779 2,594 ,561 $63, 616, 040 87 170 251 7.59 54 23, 228, 978 14 8,568 6,934 257, 096, 661 64 The above accounts have been duly entered, rcAnsed, and the balances Jbund thereon certified to the Secretary rff the Department in whicli the expenditure has been incurred, viz, those from the Second and Third .Auditors 'to the Secretary of War, (excepting the accounts of Indian, agents, Avhich are certified to the Secretary of the Interior,) and those from the Fourth Auditor to the Secretary of the NaA^y. Character of accounts.. Received. Revised. Amount. FROM T H E SECOND A U D I T O R . s E mfor b r acollecting, c i n g accounts of disbursing officers of the AVar D e p a r t m e n t organizing, aud drilling volunteers. Paymasters' accounts for the pay of officers and the p a y and rations of soldiers of the Army. .Special and referred accounts Accounts of A r m y recruiting-officers for clothiug, equipments, and bounty to recruits, &c. vOrduance, embracing the accounts of di.sbursing officers of the Ordnance Department, for arsenals, armories, armaments for fortifications, arming militia, &c. Indian D e p a r t m e n t : Accounts of Indian agents, including the pay of Indian annuities, presents to Indians, expenses of holding treaties, p a y of interpreters, p a y of Indian agents, &e.,.ancl the settlement of personal claim's for miscellaneous services of agents and others in connection Avith Indian aifairs. .Bledical and hospital accounts, including the purchase of medicines, drugs, surgical instruments, hospital-stores, the claims of private physicians for services, and surgeons eraployed under contract. -Contingent e.xpenses of the AVar Department, including expenses for military convicts, secret service, &c. Preedmen's Bureau • P a y and bounty .•Soldiers' Home '. National Volunteer Asylum .• -. Total ....: 29 33 $3,052,517 58 1.113 1,164 38, 809, 612 57 699 137 1,176, 998 80 ^1, 431, 380 93 177 177 2,196, 089 99 1,127 1,110 . 15,587,4.59 32 333 333 225, 703 82 77 77 79, 088 14 13 24 12 13 24 12 1, 273, 074 00 391, .534 60 392, 581 12 699 138 3,742 -- " ' . . 3,779 ::^^-.:: 63, 616, 040 87 = = = =: 168 REPORT ON THE FINANCES.; Character of accounts. Received. Revised. 2,815 1,177 $45, 307, 879 00 1,131 ],136 5, 936, 243 78 210 199 27,476,730 61' 71 65 13 r 1 16 134, 742 05603,160 UO 4,241 2,594 170, 251, 759 54 G 5 528, 691 92- 412 ' 407 26 25 5, 389, 838 75 106 96 8,785,615 8 J 32 21 539, 780 24 Amount. FROM T H E T H I R D A U D I T O R . Quartermasters'- accounts for transportation of the Army, and the transportation of all descriptions of Arm.y supplies and ordnauce, and for the settlement of personal claims for services ift the Quartermasters' D(3partment. Commissaries' accounts for rations or subsistencie of the Army, and for the settlement of personal claims for services in the Comniissary Department. Accounts of pension-agents for the p a y m e n t of military pensions. including the entries of the monthly reports of new pensioners added to the rolls, aud the statements frora the Commissioner of Pensions respecting the changes arising from deaths, transfers, etc., and for pension claims presented for adjustment. Accounts of the Engineer D e p a r t m e n t for military surveys, the con.struction of fortifications, for river and harbor surveys aud im, provements. Signal service : .Accounts for the relief of freedmen and refugees Total : : • 9,793,004 10 . FRO.M T H E F O U R T H A U D I T O R . Marine Corps accounts: 1st, quartermasters of the Marine Corps, embracing accounts for the expenses of officers' quarters, fuel. forage for horses, attendance on courts-martial and courts of inquiry, transportation of officers and marines, supplies of provisions, clothing, medical stores and military stores for barracks, and all incidental supplies for marines on shore ; 2d, accounts of paymasters of the Marine Corps for p a y of the officers and the p a y and rations of the marines. Payraasters of the N a v y : Accounts for the p a y and rations of officers and crew of the ship, supplies of provisious, of clothing, a n d repairs of vessels on foreign stations. P a y m a s t e r s at navy-yards : Accounts for the p a y of officers on d u t y a t navy-j'^ards, or on leave ot absence, and the pay of mechanics and laborers on the various w o r k s . P a y m a s t e r s acting as n a v y agents : Accounts for their advances to paymasters, purchases of timber., provisions, clothing, and naval stores. N a v y pension agents' accounts for the p a y m e n t of pensions of officers and seamen, &.C., of the N a v y , and officers and privates o f t h e Marine Corps. •Financial agent of the N a v v D e p a r t m e n t .. Total ^ 4, 480, 382 70 3 .4 3, 504, 668 70 585 561 23,228; 978 14 6 5 13,628 I,'561 495 4,869 13, 622 1,627 '495 4, 869 • 503 503 450, 317 53- 12 12 1, 582, 685 72 0. J!Saval prize-lists , • CLAIMS R E V I S E D D U R I N G T H E YEAR. Soldiers' p a y and b o u n t y Sailors' p a y and bounty ." Prize-money. ..... . Quartermasters' stores under the act of J u l y 4, 1864 ; property lost, or destroyed, or captured, &c., under the act of March 3, 1849; rent of buildings and land for the use of the Army, and for other mis-. cellaneous military claims against the AVar D e p a r t m e n t . Oregon and Washington T e i ritory w a r <5laims, including Montana Indian w a r claims of 1867. Claims of States for enrolling, subsisting, clothing, supplying, arm.. ing, equipping, paying, aud transporting their troops in defense of the United States. Subsistence Total lieferred cases. : ...... • . Settlements for the fiscal y e a r ending .June 30, 1873 * Accounts on h.and at the commencement of the fiscal year, J u l y 1, 1872. Accounts on hand at the close of the fiscal year, J u n e 30, 1873 L e t t e r s written on official business 1, 525, 052 427,144 398,813 2, 035,246 16 09 12 62. ' 234 234 21, 302 21,362 3,172 3,172 76, 292 27 6,495,551 5 1 . 6,934 1, 952 ,3, 586 1,07a SECOND 169> COMPTROLLER. Numher of requisitions recorded durjing the year. Requisitions. Accountable . . Refunding Settlement Transfer . . .. '. - - -.: .... ». -- .- Total Number of contracts, classified as follows : Quartermaster's Department.. ^ Eo^'ineer Department • Indian Department . . .• Ordnance ". Navy Departraent Adjutant-General.Leases Commi-ssary of Subsistence '. Official bonds filed Interior. AVar. Navy. 1,665 784 3,880 156 1,218 1.36 208 49 85-5 219 1,102 46 6, 485 1,611 0 90r> . , ^ '. ." : , " ..: 723 202 147 6 139. 115 6" 269 183 BIENNIAL EXAMINATION OF PENSIONERS. There is one large item of expenditure occurrifig. in the accounts subject 'to the rcAision of this Office to which I respectfully call 3'our special attention, AA^ith a view to suggest legislation on the subject. It is the expense of the medical and surgical examinations of iuA^alid pensioners required by the second section of the law of March 3,1859, (11 Stat., 439.) to be made biennially. Not less than $200,000 are expended biennially in fees to examining-surgeons, beside many incidental charges, and the reductions of pensions from previous rates Avill not exceed an average of $10,000. If the laAV requiring biennial examinations should be repealed, some of the invalids on the roll would undoubtedly receive more than their disability would warrant; but it is bad economy to spend nearly a quarter of a million of dollars to guard against a possible loss of $10,000. In addition to the direct pecuniary saving which would be effected by the repeal of the law, the adjustment of the accounts of the disbursing peuvSion-agents Avould thereby be facilitated, much time and labor being noA^' spent in A^erifying reductions made during a period for which the accounts have been settled and subsequently called up on appeal. ^ ' ' The aggregate annual sum paid to pension-agents for compensation alone amounts to more than half a million of dollars, to say nothing of contingent expenditures, the keeping of accounts between the Assistant Treasurer and nearly sixty agencies, the transmission, monthly, to the Treasury, b}^ express, of unwieldy packages, and other similar items. Since the law of July 8, 1870, (sec. 2, 16 Stat., 194,) pensioners have all been paid directly by check, payment to attorneys being prohibited except in cases of pensioners residing in foreign countries. I t is not seen y^\xjone general agency at the seat of GoA^ernment, near the Pension-Office, AA-here errors could readily be corrected, and a more thorough supervision exercised, might not be as effective and convenient as the numerous agencies now existing, at less than a tenth of their present cost. A check mailed from Washington would reach most of the pensioners nearly as soon as one sent from either of the agencies. No additional expenditure would be required for separate rolls, as duplicate rolls, the property of the Government, and containing the post-office 170 REPORT ON THE FINANCES. address of every pensioner in the Unitecl States, are now at the agencies. The process of issuing duplicate checks, also, under the law of April 19,* 1871, (17 Stat., 4,) to replace those lost or stolen, Avould be much, simplified if all pensions Avere pa^'able from one disbursing office,and that at the seat of Government. Eespectfully submitted. . . , ., • . J.. M. BRODHEAD, -" ., Gomptroller. • Hon. W M . A. EICHARDSON, Secretary of the Treasury. . ', REPORT OF THE COMMISSIONER OF CUSTOMS. REPORT T H E C O M M I S S I O N E R OF CUSTOMS-. TREASURY DEPARTMENT, •• Office of Gommissioner of Gustoms, Septemher 22, 1873. SIR : I submit herewith, for your information, a statement of the work performed in this Office during the fiscal year ending 30th June, 1873. The nnmber of acconnts on hand Jul}^ 1, 1872, Avas The number of acconnts received from the First Auditor dnring the year ^ -. 238 6,443 ;• \6,681 Nnmber of acconnts adjusted duriug the year 6,283 ' Number of accounts adjusted, returned to the First Auditor, dnring the year '. • 30 -6,318 Number of accounts on hand June 30,1873 363 The amounts paid into the Treasury of the United States from-sources the accounts of which are settled in this Office, are as follows: Ou account of customs On account of fines, penalties, and forfeitures On account of steamboat inspections On account of labor, drayage, and storage On account of Marine-Hospital tax The amount of fees earned by collectors $188,089,522 1,1.69, 515 '. 259, 092 475,741 333,003 611, 525 - 70 38 56 37 03 44 . • 190,938,400 48 And there was paid out of the Treasury— On account, of expenses of collecting the rcA^enue from cnstoms $7, 079,743 42 Ou account of refunding excess of deposits 3,70S, 067 97 On account of debentures 1,176,055 18 On account of public buildings 3,748,780 28 On account of construction and maintenance of ligh ts 2, 910,857 64 On account of construction and maintenance of revenue-cutters 1,133, 901 37 On account of distributive shares of fines, penalties, and forfeitures.. 626,156 74 On account of marine-hospital service 398,778 69 On account of life-saving stations 212,383 08 On account of miscellaneous accounts ^ 117, 468 80 21,109,193 17 The The The The The The The number of estimates received number of requisitions issued amount involved in said requisitions number of letters received number of letters written number of letters recorded nuinber of returns received and examined . 2, 669 2,572 $12,785,721 15 9, 305 10, 368 -. 9,946 . -~ * 5,983 174 The The The The • • REPORT ON T H E FINANCES. number of oaths examined and registered number of appointments registered average number of clerks employed amount involved in this statement .• - 4,786 3, 629 26 $224,833,314 80 The statement of transactions under the bonded-warehouse regulations for the year will be prepared and transmitted as soon as all the necessary returns shall have been received. Yery respectfully, ' W. T. HAINES, Gommissioner of Gustoms> . Hon. W. A. EICHARDSON, Secretary of the Treasiiry. HondfiT I'^nii IE I 10 .III Oda a REPOET OF THE FIRST AUDITOR OF THE TREASURY. TREASURY DEPARTMENT, . First Auditor^ Office^ Septemher 18, 1873. SIR : In obedience to your request of the 7th ultimo, I have the honor to sulftmit the following statement of the business transactions.of this Office for the fiscal year ending June 30, 1873 :, Accounts adjusted. RECEIPTS. Collectors qf customs Collectors under steamboat act Mints and assay-offices \...'. ,... Fines, penalties, and forfeitures .; W a g e s of seamen forfeited Marine-hospital money coll^'cted Official emoluments of collectors, n a v a l officers, and survej'ors received . Moneys received from captured and abandoned property . . . . ; Ti'easurer of the United States for moneys received Records of sales of public property ..• Moueys received on account of deceased passengers #. Misqellaneous receipts $222, 430, 552 246,419 59. 321 905 1, 052, 094 .980 354,518 • 976,136 54, 622 918, 382, 516 46, 500 3,010 112 13 27 91 80 84' 49 81 88 25 00 00 80 5,522 1,202,869 370 18 DISBURSEMENTS. E x p e n s e s of collecting the revenue frora cnstoms Official emoluments of collectors, naval officers, and surveyors Excess of deposits for unascertained duties Debentures, dra\ybacks; bounties, and allowances ' Light-house establishment Marine hospital service .• .' Revenue-cutter disbursements -• Additional compensation to collectors, naval officers, and surveyors Distribution of fines, penalties, and forfeitures Accounts for duties illegally exacted, fines remitted, judgments satisfied, and net proceeds of unclaimed merchandise paid , Judiciary expenses, embracing accouuJs of United States marshals, district attorneys, commissionei's, and clerks, rent of court houses, support of prisoners, &c Mints and assay-offices Territorial accounts, embracing salaries of officers and legislative expenses Salaries of the civil list paid directly from the T r e a s u r y Disbursements on account of captured and abandoned property Defense of suits in relation to captured and abandoned property Treasurer of the United States for general expenditures Salaries and mileage of members of the Senate and House of Representatives. Salaries of officers ofthe Senate .Contingent expenses ofthe Senate Salaries of officers of the House of Representatives Contingent expenses of the House of Representatives Survey of the coast of the United States Redemption of the public debt, including principal, premium, and interest P a y r a e n t of interest on the public debt Certificates of deposit in currency redeemed : '.. Re-imbursement of the Treasurer o f t h e United States for United States demand notes, legal-tender notes, fractional currency, aud gold certificates destroyed by burning .c-. ' * Construction of the State, War, and N a v y Department Construction of court-houses and post-offices Construction of custom-houses 12 F 1, 297 1, 096 135 96 335 785 468 2 247 6, 586, 438 01 1, 613, 6.37 90 2, 587, 593 51 993, 822 48 643, 641 20 381,369 12 817, 948 92 320 21 212, 829 73 1,434 1,143, 318 50 41 5 4 4 38 9 40 22 117 262 4 4. 389, 203 57; 301, 401 146, 538 594, 809 38. 270 47, 420 938, 009, 191 449, 520 122, 288 . 381', 897 248, 407 218, 355 601, 101 86, 277, 496 109,829, 556 23, 645, 000 75 56 89 15 07 17 78 80 85 95 80 44 32 94 71 00 44 4 .78 164 141, 300, 678 1,514,290 2,991,778 1, 8U5, 295 33 57 96 38 2,439 111 75 1, 207 9 178 REPORT ON T H E FINANCES. Accounts adjusted. Number of accounts. DISBURSEMENTS—Continued- 86 330 6 38 108 15 9 Construction of marine hospitals j Construction and repair of light-houses '. Construction of heating-apparatus for public buildings F u e l , lights, and water for public buildings Repairs and preservation of public buildings F u r n i t u r e and repairs of same Government Hospital for the Insane Providence Hospital, for care, support, and medical t r e a t m e n t of tran.sient paupers. Maryland-Institution for the Blind National Association for Colored W o m e n H u m a n e Society of Massachusetts Columbia Hospital for W o m e n and Lying-in Asylum, and other charities Public printing aud binding ..^ Supervising and local inspectors of steam-vessels, for traveling a n d incidental • expenses " Salaries of same • Disbursing clerks, for salaries of the several Departments of the Government at Washingtou Contingent expenses of said Departments Salaries of United States assistant treasurers, United States depositaries, and the employ6s i n t h e i r respective offices...: ^ E x p e n s e s of national loan Commissioner of Public Buildings and Grounds Washiugton aqueduct Expeuses of D e p a r t m e n t of Agrixiulture W a r e h o u s e and bond accounts Preserving life and property from shipwreck P a y m e u t s to District of Colurabia for improvements around-bitildings and reservations belonging, to the United States ^ New jail, District of Columbia _ Expenses of board of health ' • Geological survey of Territories and mining statistics Bringiiig the electoral vote from the several States and Territories Extension of Government grounds Building and' ground for reform-school United States Capitol extension .• H e a l i n g Hall, of House of Representatives , Construction of pneumatic tube Salaries of custodians and janitors of public buildings Expenses,' <fec., for detection of persons engaged in counterfeiting the coin and currency of the United States Contingent expenses Independent T r e a s u r y •.. Outstanding liabilities paid ' J u d g m e n t s of the Court of Claims paid Purchase of rebel records Salaries of civil-service commission Miscellaneous accounts 12 4 24 4 75 12, 000 00 1, 703 17 5, 935 20 8,41.2 20 43, 958 40 1,754,216 40 332 3 44, 938 46 122, 376 82 275 339 5, dfe, 845 77 1,149, 018 20 54 30 42 10 54 748 54 319,059 12 1, 799, 123 36 405, 428 66 128, 480 92 213,498 63 5 3 1 13 3 1 6 1 2 5 2, 607, 565 56 • 50, 784 57 . 39,300 00 103, 028 07 • 18,103 25 • 681,878 65 30, 000 00 67., 777 69 12, 724 95 10,350 00 54,806 58 6 35 94 173 5 2 911 137, 093 79 30, 477 49 26, 499 84 2,493,112 02 79, 957 50 1, 208 96 10, 683, 963 10 o Total. ^86,212 34 1,969,941 70 6.5, 635 11 170, 900 41 274. 822 54 146, 655 57 1.59, 608 10 225,178 32 14, 474 1, 416,193, 007 42 Reports aud certificates r e c o r d e d . . . . 12,433 Letters written 2,339 Letters recorded : 2,339 Acknowledgments of accouuts written 10,571 Powers of attorney for coUecting interest on the public debt registered and filed 5,138 Requisitions answered 695 474 Judiciary emolument accounts registered Total : 33,989 It may be proper to state, so as to prevent misconception, that this report does not exhibit the amounts of receipts from the sources named, or expenditures on account of the subjects specified, actually accruing within the fiscal year, but simply these amounts as shown by the accounts examined and adjusted during the year. The business of the Office has been kept up, as far as practicable, with the means within its control, and is now in a satisfactory condition. Embarrassment and delays, however, l\ave arisen from tardiness in filling vacancies which have occurrM under the present system of making appointments. EIRST AUDITOR. ' 179 In this connection it is respectfully suggested, with the view to avoid such hindera,nces m the future, that whenever examinations are hereafter made by the board of civil-service examiners for original appointments, the number examined may be increased, so as to have a reserve force from which vacancies can be filled during the intervals of the xamin ations. I take pleasure in commending the clerks and other employes now in the Office generally for the fidelity and alacrity with which they have discharged their assigned duties. Very respectfully, • •. D, W, MAHO]^, V Auditor. Hon, W M . A. EICHARBSON, « Secretary of the Treasury, REPORT OF THE SECOND AUDITOR. REPORT THE SECOND. AUDITOR OF, THE TREASURY. TREASURY DEPARTMENT, Second Auditor^s Office^ N'ovemher 1, 1873. SIR : I have the honor to transmit herewith the annual report of this Office for the fiscal year ending Jime 30,1873, showing in detail the condition of business in each division at the commencement of the year, its progress during the year, and its condition, at the end thereof. BOOK-KEEPER'S DIVISION. The following statement exhibits the amount and nature of the work performed by this division during the year: Eequisitionsregistered, journalized, and xjosted. No. On w h a t account drawn. Amount. DEBIT REQUISITIONS. Payments Payments Payments Payments Payments Payments Payments Payments Payments Payments Payments Payments 263 223 230 3 64 81 2 12 '25 5 21 1,364 on account of the P a y Department on accouut of the Oi'dnance D e p a r t m e n t .• on accouut of the l^Iedical D e p a r t m e n t ou accouut of the Quartermaster's Department from appropriations under control ofthe Adjutant General's Department from appropriations under control of the Secretary of W a r from the appropriation under control of the General of the A r m y to the National Home for Disabled Volunteer Soldiers ' to the Soldiers' Home .' to the Treasurer United-States on account of Internal Revenue fund under special acts of relief b y Congress. •1 ' on account of the Indian D e p a r t m e n t Totakpayments = 2, 293 , $13, 647, 435 2, 277, 706 440,179 41,964 194,137 347, 423 5, 000 402, 581 423, 462 113,7.36 26,562 7, 920, 652 73 65 00 33 16 56 00 12 56 21 86 77 26, 040, 841 95 TRANSFER. Requisitions issued for the purpose of adjusting appropriations : Transferring amounts from appropriations found to be chargeable to such as are| entitled to credit on the books of the Second Auditor's Office Transferring amounts as above to the books of the Third Auditor's.Office Transferring amounts as above to the books of the First Auditor's Office Trausferriug amounts as above to the books of the Register's Office 28, 256,538 483, 874 453 11,409 Total transfer Aggregate debits ..' •... 06 63 33 64 128 28,752,275 66 2,421 54,793,117 61 CREDIT REQUISITIONS. Deposit. In favor of P a y D e p a r t m e n t In favor of Ordnance Department I n favor of Medical Department 1 In favor of Adjutant-General's D e p a r t m e n t I n favor of Quartermaster's Department T o the credit of appropriations under control of the Secretary of W a r T o the credit of the appropriktion under control of the General of the A r m y I n favor of Indian Departraent .* T o t a l deposit -.-- r 1, 368,787 22, 810 } 196 , 22 ---. 6, 568 6,323 299 27, 916 186 127, 813 04 98 09 11 45 92 11 27 1, 560, 704 97 184 REPORT ON T H E FINANCES. Bequisitions registered, journalized, and posied-^ContmiiQd. On w h a t account d r a w n . Amount. No. Counter. Requisitions issued for the purpose of adjusting appropriations: Transferring amounts to appropriations entitled to credit from appropriations found to be chargeable on the books of the Second Auditor's Office Transferring amounts as above from appropriations on t h e books of t h e ' T h i r d Auditor's Office to the books of the Second Auditor's Office . . . ; .. Total counter .. ....... ....... 18 4, 763 99 40 28,261,302 05 258 29, 822, 007 02 2,679 84,61.5,124 63 .• Aggregate debits and credits. Deducting the credits from the debits shows the n e t amouut d r a w n out to be .... $28, 256, 538 06 22 . 24,971,110 59 APPROPRIATION W A R R A N T S ! Credits. Tn favor of appropriations of P a y Department In favor of appropriations of Ordnance D e p a r t m e n t . . Tn favor of appropriations of Medical Department I n favor of appropriations of Adjutant-General's D e p a r t m e n t I n favor of appropriations tinder control of Secret.^iry of W a r In favor of appropriation under control of the General of the A r m y Tn favor of the appropriations of the Indian D e p a r t m e n t . . . Under special acts of relief b y Cougress . . ... ' f 24,191,515 52 2-269 781 96 , 663, 000 00 i 125,580 00 567, 200 00 [ 5, 000. 00 5,742,671-65 49 27,641 48 5 ... ;-• Total credits Debits. . 63 33, 592, 390 61 2 ' 1,175, 583 94 • Surplus fund w a r r a n t s Total debits 2 1 Aggregate debits and credits Excess of credits over debits ^ 1 .' 65 .• 1,175, 583 94 34, 767, 974 55 32, 416, 806 67 CONDENSED BALANCE-SHEET OF APPROPRIATIONS W a r Department. o Indian Departm.ent. Credit. Balance to credit of all appropriations on the books of this office J u n e 30, 1872 $26, 500, 606 16 A m o u n t credited b y appropriation w a r r a n t s during fiscal year euding 27, 844, 698 61 J u n e 30, 1873 A m o u n t credited b y deposit and transfer requisitions during same period.. 29, 550, 605 45 Araount credited through Third Auditor's Office to appropriations used in common b y both offices ', T otal $9, 924, 765 05 5, 747, 692 00 271, 401 57 84, 885, 470 02 15, 943, 858 62 1,001,315*54 46, 562, 822 82 174, 268 40 8, 230, 294 79 Dehit. A m o u n t debited to appropriations b y Surplus F u n d warrants during fiscal year ending J u n e 30, 1873 A m o u n t d r a w n from appropriations b y requisitions during same p e r i o d . . . A m o n n t d r a w n through Third Auditor's Office frora appropriations used in coraraon b y both offices during same period Balance remaining to the credit of all appropriations on books of this office J u n e 30, 1873 , Total..: 1, 428,154 80 35, 893,176 86 7, 539, 295 43 84, 885, 470 02 15, 943, 858 62 SECOND 185 AUDITOR. SETTLEMENTS MADE. The following settlemeuts incidental to the work of this division were made during the year: On w h a t account. Transfer settlements for the adjustment of appropriations Miscellaneous settlements. . .... Total No. . ,. : Amount. 5 5 $68, 887; 427 66 24, 247 44 10 68, 911, 675 10 SETTLEMENTS ENTERED. Paymasters' '. Recruiting .. 1 '...'.. ' i Ordnance' T ' •Medical ! Contingencies of the Array, and of the Adjatant-General's Department Soldiers' Home National Home for Disabled Volunteer Soldiers Charges and credits to officers for overpayments, refundments, & c . . . • ." Charges to disbursing officers for canceled checks Arrears of pay Proceeds of Governraent property Special acts of relief by Congress Transfers to the credit of disbursiug oificers on books of the First and Third Auditors' Offices Transfer settlements for adjustment of appropriations on books of Second Auditor's Office •....:.. Indian ...'. , Miscellaneous Claims, war Claims, Indian : Total .- : •. : 260 145 34 6 15 22 12 530 49 12 89 20 54 146 '42 336 9012,679 Twenty-five transcripts of accounts were prepared for suit; 872 certificates as to the indebtedness or non-indebtedness of officers having claims against the United States were given to the Second and Third Auditors' officers; and 823 letters were written during the year. PAYMASTERS' DIVISION. The number of accounts examined and settlements made in this division was 2,021, as follows: Paymasters' accounts audited and reported to the Second Comptroller 1,033 • Old settlements of paymasters' accounts revised 201 Charges raised against officers ou account of overpayments . 242 Charges raised against officers on account of double payments: 150 Credits to officers for overpayments refunded ]28 Credits to officers for double payments refunded ^ 28 Lost checks paicj. under act of February 2, 1872 .' ^^:...... 31 Transfers to books ofTreasurer's office on account of '' outstanding liabilities," (actMay 2,"'186())----" : '-.: " 23 Paymasters' accounts balanced and closed L. 43 Paymasters' accounts finally adjusted on which balances remain due the United States 35 Transfers to books of Third Auditor , 17 Miscellaneous 90 Total 2,021 186 REPORT ON THE FINANCES. The amounts involved in the above are as follows : Paymasters' accounts $27,116,621 39 Amount of fines by sentence of courts-martial, forfeitures by desertion, arrears of pay, and bounties disallowed, found to have accrued to the benefit hf the National Home for Disabled Volunteer Soldiers under existing laws, and paid to the president of said home by requisition on the Treasury, as follows : 1872. August 2 Septembers... October 3 November 1 Decembers.. •. 1873. Januarys February 4 March 6 . . Aprils May 3 June 3 June 30 ...'. : $2,013 30,762 14,964 53,521 36,545 69 69 73 • 04 31 33,097 24 38,639 50 66,482^44 36,942 42 24,929 94 26,756 29 34, 896 28 399,551 57 •Amount of fineSi forfeitures, &c., for the support of the Soldiers' Home, found to be due in the^examination of paymasters' accounts, and paid to said Soldiers' Home in accordance with the act of Congress of March 3, 1859, as foUows : 1872. August 2 . . . . $18,095 05 Septembers 32,335 16 Octobers... 30,156 73 November 1 . . . . . 17, 337 26 December 3 . . . . : 31,113 12 1873. * . . ^ Januarv 3 28,625 83 February 4 21,779 SO March 6 : 15,775 73 AIMUS.... Mays June 3 June S O . . . . : 26,726 33 - 39,843 17 29,621 71 22,477 73 313,887 12 Amount credited to the Treasurer of the United States ou account of tax on salaries Amcfunt transferred from the appropriation for " pay of the Army" to that for " ordnance, ordnance stores and supplies," ou account of deductions from the pay of officers and soldiers for orduance aud ordnance stores, in accordance with paragraph 1380, revised Army Regulations of 1863 Amount trausferred from the appropriation for '' Pay of the Army" to that of the Subsistence Department on the books of the Third Auditor's Office, on account of deductions frora the pay of soldiers for to-. bacco, pursuant to Geueral Orders No. 63, War De]Dartment, AdjutantGeneral?s Office, June 11, 1867 Amount transferred to the books pf the Third Auditor's Office, on accouut of stoppages against officers for subsistence stores, quartermaster's stores, transportation, &c '.. Amount charged to officers on account of overpayments : :.'. " Ainount charged to officers on account of double payments Amount credited to officers on account of overpayments refunded Amount credited to officers on account of double payments refunded... Amount deposited by paymasters to close their accounts, being balances . due IJnited States on iinal settlement '. Ainount of balances found due paymasters and paid them to close accounts Amount paid to civilians under the " reconstruction acts " 102,912 97 ' 17,147 53 191,497 76 1,343 19,158 38,093 3,907 .4,318 96 24 28 15 » 17 15,905 75 .2,922 33 269 56 SECOND AUDITOR. . 187 Amount of ^' lost checks" paid in accordance with the act of February 2,1872.. Amount transferred to the books of the Treasurer's Office, on account of " outstanding IiabiUties," (act May 2, 1866) .T Miscellaneous credits .' Total 1, 811 23 11,744 82 28,245,609 63 Accounts of paymasters on hand June SO, 1872 Draft rendezvous accounts on hand June SO, 1872 Accounts of paymasters received during the year Total...... $4,516 80 '. " . . . . . . ' . . . . 1, 111 16 556 „ .,.. 1,683 Accounts of paymasters audited and reported to the Second ComptroUer during theyear 1,033 Accounts of paymasters on hand*Linexamined June 30, 1873 Draft rendezvous accounts under examination June 30, 1873 *—.. 634 16 .. 650 « Totalnumber of accounts on hand June SO, 1873 . Since thelast report the accoiints,of forty-three paymasters have been closed and certificates of non-indebtedness issued. The accounts of thirty-five paymasters have been finally revised on which there.is due the IJnited States $76,541, and the accounts of twelve paymasters have been prepared for suit, the balances due tke United States aggregating $541,447.87. Number of letters written, 36,889. MISCELLAN1E0US DIVISION. The following statement shows the number of money aeeonnts on hand in this division at the commencement of the fiscal year, the number received and settled during the year, and the number remaining unsettled at the closeof theyear, together with tke expenditure embraced in the settlements. Number of accounts pn hand June 30, 1872 . : Number of accounts received during the year Total • Number of accounts settled d-uring the year Number remaining unsettled June 30,1873 ^.. ...-.-. ^ 1,828, 2,197 :.-. 4,0252,567 -- 1, .458 The amounts involved in the above settlements are as follows s Ordnance, medical, and miscellaneous: Ordnance Department.... -..-^ $1, 378,992 01 Medical Department 175,622 48 Expended by disbursing officers, out of Quartermaster's fund, not chargeable to said fund, but to certain appropriations on the books of this Office ... 32,320 95 Purchase of property of the <5freen .Bay and Mississippi Canal Company , 145,000 00 Expenses of arbitration between the United States and the Green Bay and Mississippi Canal Company - ^ IS, 512 32 Bronze equestrian statue of "Lieut. Gen. Winfield S c o t t . . . 19,750 00 •Expenses of military convicts . 56,003 84. . Contingencies of the Army 32,688 22 Proceeds of sale of real and personal property of J. Ledyard Hodge . 11,041 36 • 188 REPORT ON T H E FINANCES. Medical and surgical history and statistics Freedmen's Hospital and Asylum Medical Museum and Library • Trusses for disabled soldiers Contingen cies'of the Adjutant-General's Department Expenses of the Commanding General's Office Expeuses of recruiting Appliances for disabled soldiers Pay of the Arniy Providing for ithe comfort of sick and discharged soldiefs. Medals of honor Collecting, drilling, and organizing volunteers Eelief of Joseph Harmon, act April 28, 1870 Relief of heirs of Capt. B. R. PerLdns, act May 29, 1872 . Relief of Mary M. Clark, act June 8, 1872 : Relief of legal representatives of the late George T. Wiggins, act June 8, 1872 Relief of Andrew J. Jamison, act June 8, 1872 Relief of heirs of Lieut. Col. H. M. Woody ard, act June • 10,1872 • : Relief of Samuel Hitchcock, act December 20, 1872 1* Relief of Cai^t. Lyman J. Hissong, act January 23, 1873. Act authorizing tlie Secretary of the Treasury to settle and pay the accounts of Col. J. F. Jaques, aet February 12, 1873 Relief of R. H. Pratt, act February 17, 1873 Relief of Charles Trichler, act February 19, 1873 Relief of Ilenry E. Janes, act February 27, 1873 Relief of E t h a u A. Sawyer, act March 3, 1873..'.-.. Relief of Thomas E. Tutt & Co., act March 3, 1873 Relief of William Baynej trustee, act March 3, 1873 Relief of Dr. W. J. C. Duhamel, act March 3, 1873 Relief of Aaron B. Fryrear, act March 3, 1873 Relief of Peter J. BurcheU, act March 3, 1873 Relief of B. H. Randall, act March 3, 187 3 Relief of Julia P. Lynde, act March 3, 1873 _ Relief of Eli H. Janett, act March 3, 1873 Regular recruiting: Exjpenses of recruiting Bounty to volunteers and regulars i. Contingent expenses of the Adjutant-General's Department . Pay of the Army ^ Subsistence of officers Medical aud hospital department Pay in lieu of clothing for officers' servants . -... $8,195 43,165 7,360 6,939 4,668 2,237 1, 017 938 932 947 15 3 359 ' 1,738 1,202 57 75 66 78 09 82 95 .50 50 75 00 23 58 00 00 ,000 00 190 00 ,099 07 861 56 375 50 6,719 200 300 296 5,000 2,795 2,550 600 500 318 300 274 150 00 00 00 00 00 78 00 00 00 05 00 40 29 231,002 73 25 00 1 50 210 93 171 00 124 25 9 42 f^*^! t^AA Q*?. - Volunteer recruiting: Collecting, drilling, and organizing volunteers Bounty to volunteers and regulars • Draft and substitute fund •. Pay of the Army Subsistence of officers Medical and .hospital department Pay in lieu of clothing for officers' servants . 142,197 38 2, 488 08 • 28, 574 65 130 90 112 2a 6 90 5 50 Local bounty: Fay of two and three- year volunteers. 1,423 45 Freedmen's Bureau accounts: Number received during the year Number settled during the year 146 64 Numb'er on hand June 30, 1873. 82 Amount involved in settlement of Freedmen's Bureau a c c o u n t s . . . . . . . . 8,541,725 08 Total „.._........ „. ie,91^;391 98 SECOND AUDITORo •189« Six hundred paymasters' accounts were examined for the requisite data as to. double payments to officers, and two hundred and nine double payments were discovered and reported to the paymasters' division, in which charges are raised against officers on this account. Several of the clerks ordinarily engaged on this work are now auditing the accounts of General Oliver O. Howard, late Commissioner of the Freedmen's Bureau. Number of letters written, 1,838. INDIAN DIVISION. General report of the Indian division for the fiscal year ending June 30, 1873: Money accounts of agents on hand June 30, 1872 Property accounts of agents on hand.June .30, 1872 Claims on hand June 30, 1872 Money accounts of agents received during the year Property accounts received during the year Claims received during the year ^ ,- To4;al...... ,..... « , 780 729 60 825 544 925 . . . . . ^ . „ 3,863 Money accounts of agents audited during the year Property accounts examined during the year Claims settled during the year Total „ 887 • 400 • 984 2,271 Money accounts of agent>s on hand J u n e 30, 1873 Property accounts of argents on hand June 30, 1873...-...., Claims on hand June 30, 1873 Total number of accounts, &c., on hand June 30, 1873 Aniount involved iu mon ey accounts audited Amount involved in claims settled ^ Total..... 718 873 1 1 1,592 $3,598,438 87 4,730., 749 34 8,3.29,188 21 The copying incident to the business of this division, including a report to Congress of the receipts and expenditures of the Indian Department during the fiscal year, extended to 1,630 pages of folio-post and 463 pages of foolscap. ' Number of letters written, 1,665. PAY AND BOUNTY DIVISION. The following tabular statements exhibit in detail the operation of the two branches of this division during, the year, together with the condition of the business both at the commencement and close of the year. • EXAMINING BRANCHlo . The work performed by the examining branch of this division is exemplified by the Ave following tables: Claims in cases of white soldiers. o. A r r e a r s of p a y and original b o u n t y Additional bounty, act J u l y 28, 1866, and amendments. Original claims, .2 -6 4) Date, . 1 1 53 fl b .£1 1 8 ft •3 .2| a ^<u & ^ •*-"vi u, 0 <o eS .c 1 u •1 S x> a a H 2^ o43 '- g <V) llit V. "a. . ^ Suspended claiuis. « XJ g tl a sa • .2 o ;25 8S >^ •^ 5 1^ i -gi fl' , Original clainis. re "ft ft OS a fl ^ U.S.2 -o^fi 12; 1 "3 u sc fl <D Xi a a 1 o o O) p a Total i-d f-9 • cS Jl o fl «2 ^a gJ fl t 2 TS "^ t . fl <U (S XJ a fl s uu fl <a ^s a a fl s J3 X a ^« a;--3 l| o a '1 1 •I' . o fl ® a .^ i fl a '6 il .1 1872. July August September October November December 1873, January February March , April _. May , .... June , i, •o' a sfl • Suspended claims. u • - • - ' % •^•Bm s ce sS i., - ,p aflg 1 o o <D X2 a fl 563 826 513 295 380 487 93 346 61 40 55 31. 315 291 345 .186 172 291 81 99 46 8 100 121 74 90 61 61 53 .44 366 752 665 951 699 920 100 207 202 316 216 240 208 516 404 570 401 548 58 29 59 65 82 132 929 1,578 1,178 1,246 1,079 1,407 1,252 2,531 1 759 1,990 1 722 2 246 359 •396 692 614 784 495 21 23 137 37 20 22 140 190 372 456 526 263 11 32 46 8 141 112 187 151 137 J13 •97 98 1,056 . 142 229 1,-618 173 1 408 195 1 189 1 201 173 1 427 209 848 1 257 1 126 904 891 1 106 66 132 109 90 137 112 1,415 2,014 2,100 1,803 1,985 1,922 1,397 2,826 2. 1492,163 2, 81.0 2,589 700 700 686 588 221 410 46 21 16 16 5 51 317 377 382 320 116 211 139 166 161 208 67 95 198 136 127 44. 33 53 1,422 1,081 1,321 1,048 1,300 1,576 293 275 296 216 175 231 1, 009 707 905 675 899 1,208 120 99 120 157 226 137 2,122 1,781 2,007 1 6.36 1 521 1 986 843 3,251 2,989 1,235 644 2,895 2,723 717 546 2 617 759 3 504 15 18 26 12 26 111 •427 869 .327 382 359 398 134 172 147 188. 24 139 267 176 144 135 137 111 2 150 -129 1,397 158 2 176 224 2 549 256 230 1 906 302 2 055 1,759 1,175 1,810 2,113 1,572 1 647 262 64 142 180 104 106 2, 993 2, 632 2 820 3,266 2 452 2, 814 4,006 3,701 4, 123 4, .551 3,787 3,903 • 781 3,323 1,291 974 8,050 1,284 18,470 29, 479 8,084 468 4,709 I 154 1,753 20,132 2,420 6,396 12,101 2 767 16 208 1,504 28, 216 37, 465 .o o W t=3 Q 02 SECOND 191 AUDITOR. Bounty claims under the act of April 22, 1872. Original claims. i -2 fl a Date. cS X <D CD ft o o H .al fl afl X3 & fl o © n XI rt -c a ^.2 © .s X2 '^'S. 13 © C .J. £ • a IS a X il © fl .1 fl © ^ © -c;g > 143 48 143 108 64 39 44 35 3,906 4,818 3,503 2,871 1,475 1,484 78 135 55 56 25 52 91 40 34 27 11 24 41 36 . 35 24 11 13 4,299 797 593 fl IZ 3,966 493 493 46 423 151 517 11 79 1 50 13 3,054 297 300 6 186 55 252 77 50 230 236 148 120 55 98 20 25 24 13 8 9 6,459 770 , a fl IZ © "5? © +3 a •^s a a-l's^ aa ^ 03o© 03 O ^ ^ fl 15 ^ ole fl 1 •a ;- ^ ©"^ © fl ft © a^ a a ^ •fl ^ Total .^ fl. ft-^ fl OT 'd S o ;H rQ 1872. July August September October November December 1873. January February March April Mav Juue k • o 1 1 Suspended claims. 3 afl o © 'rO x> ^o a fl afl ^ 125 607 1,359 1,149 • 840 402 417 3 006 " 3, 039 2,063 1 982 622 826 293 420 291 49451 241 7,872 5, 3 U 3,996 2,917 1,898 1,635 4,095 8,789 5, 883 3,402 3,437 2,954 1,120 1,209 1,045 65S 732 445 240 274 246 162 194 100 630 737 613 363 406 . 257 250 198 186 128 132 88 1,350 1, 445 1,193 773 787 543 2,132 2,101 1,825 1,186 1,028 775 23, 261 5,990 14, 544 2,727 29, 720 37, 607 . IZ ' tz EH 1 Claims in cases of colored soldiers, including both arrears of pay and bounties. Original claims. © 1oo ce X Date. © © XJ ap fl o ^ .1872. July August. ' September October November December •.. ft ca © a • 1-^ M fd o fl c2 u © w^ X> a fl ^ ". 93 270 43 82 45 102 4 1 148 94 94 .126 . 59 34 X3 ce © Xi a fl ^ afl ^ OTn-J g© fl <» © © 0-.3 fl a fl a^ fl IZ 5 164 8 13 4 10 1 121 78 24 16 „ 85 120 9 5 46 28 13 2 899 273 3 ^1 ce X © .s 84 105 35 66 41 90 2 ^2 a =3 OT -^"Q. -g-s © II Ul © fl a Suspended claims. o ^ fl t-.S-d © -.^ © .^^5 > al'55 j3 ce © IZ 1 . a ^ ^ 'o H i ^.2 3. TJ* © a t5 © a fl • XJ n 'O o flrt© ^ cA a fl . ^ o .^ 'o © X3 a |2;- 949 1,043 833 745 736 724 124 144 121 103 59 65 749 836 647 608 654 649 76 63 65 34 23 10 1 042 1^313 876 827 781 826 1 075 1,386 883 836 836 660 2 848 738 875 947 841 656 79 36 93 • 117 131 74 724 677 703 774 637 494 45 25 79 56 73 88 996 832 969 1 073 900 690 1 099 871 995 1 840 2,010 3,013 2 9,935 8,152 637 11,. 125 15, 504 •1873. Jauuary F e b r u a r y •. March April May June. . Total 1,190 4 ° 16 1,146 192 REPOET ON THE FINANCES. Bounty claims in cases of colored soldier s, midJer tZie aci of March 3, 1873. T3 Suspended clairas. Original claims. -d © fl 1o a .rt • Date. •Si UTK a © XJ o © a .o ce fl .IZ a afl IZ ^ ri © u© XJ afl Iz •Is ''a ^ri rt fla .2 ftS X ce © 1 fl OT ' C fl afl fl - Q ^ afl IZ • ^ ftS •d ft"^ a^ fl . tH . S ' A •-2^ > 8x3"© art© IZ . .2 ® bi)rtQJ rt g "S _© <D - ^ Cu 'OTH a u © XJ a-s o a IZ fl tz H I 1 _© ? 1 O fl © .2 fl 'A c3 O a. H . April May Total ai fl fl •2 afl 1873. . %-6 © u fl •ft a • c: •. 195 118 150 7 1 463 10 0 , 94 68 12? 94 49 26 268 630 1,078 14 28 1.52 150 390 689 104 212 237 463 748 1,228 284 169 1,976 194 1, 229 553 2,439 973 1, 939 .1,645 1,454 850 931 4, 811 5,648 4,240 4,064 2, 568 3,129 493 644 524 238 693 495 11,258 10.216 •8,150 6, 793 5, 743 5,790 741 743 859 765 758 859 4,122 3, '^96 4,031. 4,075 3, 904 4,295 677 386 527 6-25 747 656 SUMMARY. 1872. July August September . October — November., December . 1873 Jauuary— Februarj'- . . March , April . . May , June ... Total 22, 565 635 381 277 81 125 3,593 883 1, 052 714 925 699 82 64 66 49 40 177 943 1,' 459 849 972 614 811 349 372 150 29 394 351 522 164 286 404 '349 262 213194 177 6,277 8.231 6,409 5,756 4, ill 4,555 508 348 .306 203 181 177. 5,540 4,425 5,417 5,465 5,409 5,810 67, 405 12,517 ,045 48,183 ,705 7,819 14, 992 10, 674 8,391 8,805 8, 449 7,461 ' 10, 488 6,. 690 9,662 6,989 9,838 7,211 10, 300 6,408 9, 442 7,261 11,195 19, 970 120, 055 SETTLING; BRANCH. The work performed by the settling branch during the year is shown by the annexed tables: .. Claims in cases of white soldiers. Additional bounty, act of J u l y 28, 1866, Number of claims. i Arrears of pay, &c., act of J u l y 22,1861 Number of claims. .Amount involved. Araount involved. 1872. July August ..... September. October November . iDecember . 1$73. .January . . . February .. March April May June 425 346 331 243 239 281 125 106 167 164 187 165 28 150 65 2 210 100 153 256 232 166 397 265 746 744 607 572 445 549 223 126 178 217 145 192 40 225 50 1 75 75 263 $33, 518 10 351 16, 897 86 228 29,012 65 218 29,413 33 220 30, 468 87 267 37, 268 60 1,395 1,356 664 229 223 219 273 464 351. 358 262 346 50 29 lUO 3(10 220 113 323 493 45.L 658 482 459 1,183 '925 660 567 569 475 230 232 2S8 390 336 385 20 20 32 102 200 102 250 2.52 320 492 536 487 Total 5,951 8,042 2,942 1,367 29. 804 86 26, 943 73 39, 715 03 73, .581 .39 42, 057 40 52,129 02 [440, 810 84 193 SECOND AUDITOR. Bounty claims under the act of April 22, 1872. N u m b e r of claims. Amount involved. Date. 1872. July August September October November December 722 474 1,452 243 220 163 ; 656 914 604 . 437 1,186 ^ 793 40 250 120 3 205 175 696 1,164 724 440 1,391 $60, 638 10 97,040 0060,700 00 43, 700 00 110, 785 62 73,667 01 522 421 461 327 332 133 40 70 150 100 334 200 562 491 Oil 427 666 333 .56,010 12 50,868 63 46, 821 31 41,462 39 35,196 09 13,300 06' 1873. January February March. April...' May J u n e . .• 222 230 140 117 68 64 .' Total 8,473 4,115 690,189 33 Claims in cases of colored soldiers, including hoth arrears of pay and bounties. Nuraber of claims. c> li, •ll Date. rd ri -d. © .1 © Amouut involved. . < 1872. July August A September October November December • . . 99 253 32 96 96 102 133 83 15 .55 ' 84 149 49 96 62 4 97 41 182 179 ' 77 59 181 188 $21,132 14, 371 3,170 7,'943 15, 672 22, 573 66 51 49 68 32 74 120 .95 1,651 2,692 1,835 143 1.38 139 137 137 147 23 27 50 113 • 47 30 166 • 165 189 250 204 177 21,928 . 22, 792 26, 886 23, 322 28,881 24,538 17 25 59 64 61 02 7,071 1,378 . 639 2,017 233,213 68 1873. January... February March." April May June ... Total 13 P . ...... ....*.... . 194 REPORT ON T H E FINANCES. SUMMARY. Nuinber of claims. A m o u u t involved. Date. 1872. July..-.....: August September October November December : , 1, 992 1,81.7 2,422 1; 154 1,000 1,095 1,137 1,229 964 873 1,602 1,297 157 721. 297 10 587 391 1,294 1,950 1,261 883 2,189 1,688 2,920 2,511 1, 5.59 2, 564 3, 552 2, 593 1,168 1,2.55 1, 239 1,212 1,087 1,011 .133 146 332 615 801 445 1,301 1,401 1,571 1,827 1,888 1,456 14, 074 4,635 18, 709 $129, 136, 110, 100, 175, 150, 388 592 333 733 826 659 86 11,123 1,305 37 1,853 14 94 • 1,267 1, 922 81 1,634 35 1873. January February March April May June : Total......... 25,179 135, 583 15 141, 065 52 1-49, 963 60 176, 014 95 133,244 85 125, 579 10 1, 831 1,981 1, 508 2,058 2,056 1,151 1, 664, 985 64 29, 689 Consolidated statement sho-wing the operations of the entire division for the fiscal year ending June 30, 1^13. N u m b e r of claims. Date.' fl ^ Amount involved. 1872. July ; August September . October — November., December. January.., . February. March April May. •June . 1,992 1, 817 2,422 1,1.54 1,000 1,095 1,137 1,229 ' 964 873 1,602 1,297 1, 402 2, 096 1,239 484 1,862 1,354 2,539 3,325 2,203 1,357 3,464 2,651 2,920 2,511 1,559 2,564 3,552 2,593 l;168 1,255 1,239 1,212 1,087 1,011 1,704 1,274 1, 516 1,960 1,893 1,562 2,872 2,529 2,755 3,172 2,980 2,573 25,179 14, 074 18, 346 32, 420 $129,388 136, 592 110, 333 100, 733 175, 826 150, 659 86 37 14 94 81 35 18, 942 16, 297 12, 527 9,658 10, 727 10, 083 1,000 8.54 1,127 903 1,595 909 135, 583 15 141, 065 52 149, 963 60 176, 014 95 133,244 85 125, 579 10 12, 319 11, 643 11,346 12, 358 11,498 12, 346 1,589 .1,153 1,468 1,400 1,232 1,032 1, 664, 985 64 149, 744 14, 262 In addition to the foregoing there were^ made in this division twelve settlements on account of fines, forfeitures, stoppages, &c., against soldiers of the Eegular Army, upon which the sum. of .$22^ 845.89 was paid to the treasurer of the Soldiers' Home, in accordance with the acts of Congress of March 3,1851, and March 3,1859, making the total number of settlements 14,086, and-the total disbursements $1,687,831.53. Number of claims under act of July 28,1866, (white,) on hand June 30,3872,... 7, 321 Number of claims for arrears of pay and original bounty (white) on hand June 30, 1872 19,337 Number of colored claims on hand June 30,1872. , 4,171 Number of bounty claims under act of Ainil 22, 1872, ou hand June 30, 1872... 11,183 Total number pf claims on hand June 30,1872 42, 012 • . Number Number Number Number of of of of SECOND AUDITOR. 19.5 clairas under act of July 28, 1866, (white,) on hand June .30, 1873... 5, 589 claims for arrears of pay and original bounty on hand June 30,1873. 16,543 colored claims on hand June 30, 1873 10,934 bounty claims under act of April 22,1872, on hand June 30,1873 1,705 Total number of claims on hand June 30, 1873 34,771 The condition ofthe claims on hand is .shown by the following statement: Number of claims suspended awaiting evidence to be filed by claimants or their attorneys : ' 28,308 Number of claims ready for settlement 2, 891 ^Number of claims unexamined June 30, 1873 • 3, 572 Total ; ...^ 34,771 PROPERTY DIVISION. The subjoined statement shows the progress and condition of business in this division: Number of property returns of officers on hand June 30,1872 Returns of ordnance, ordnance stores, &c., received during the year. Returns of clothing, camp, and garrison equipage received during the year Total Number Number Number Amount Number Number Number 16, 855 29 3, 095 19,979 of returns settled during the year : of returns on hand June 30, 1873 of certificates of non-indebtedness issued to officers' charged to officers for property not accounted for of returns registered of letters written * of letters recorded 10 578 , . ' ' 9 , 401 431 $18,115 64 3,124 3,778 2,489 Thirty-one thousand one hundred and ninety-seven property returns rendered by volunteer officers in previous years, but not heretofore reported, have been settled under the provisions of the act of June 23, 1870. DIVISION OF INQUIRIES AND REPLIE.S. The work performed in this division during the year is as follows: Number of inquiries on hand unanswered June 30,1872 Number received during the year, as'per detailed statement below 20,162 39,979 Total .'.. -..: Number of .inquiries answered during the year 60,141 42, 309 Number of inquiries on hand unanswered June 30, 1873 17,832 Officers m a k i n g iuquiry. Adjutant-General Paymaster-General Quartermaster-General Commissai'y-General of Subsistence ° Commissioner of Pensions T h i r d Auditor F o u r t h Auditor P a y m a s t e r s ' division, local b o u n t y ca.ses P a y m a s t e r s ' division, deserter's cases . . . Miscellaneous Total : Number Number received. answered. 1,382 88 13, .349 14, .393 1,809 8,108 768 9'4 . 105 700 1,103 66 16, 792 . 10, 779 3,794 39, 979 42, 309 7,276 769 106 107 •: 700 196 REPORT ON THE FINANCES. Rolls and.vouchers copied for the Adjutant-General and Paymaster-General.. Rolls and vouchers copied for preservation in this office Rolls and vouchers partially copied and traced for preservation in this office.. Signatures verified , Letters written 1,113 219 2,259 2,610 22,737 A large amountof miscellaneous business devolved upon this division, such as the copying of affidavits, final statements of enlisted men, letters^ and other documents, in which 2,244 pages of foolscap were used. DIVISION FOR THE INVESTIGATION OF FRAUD. During the year 5,276 cases have been under investigation and prosecution by this division. -A.bstracts of facts have been prepared in 240 cases 5 527 have been finally disposed of, and 83 prepared ibr suit and 13rosecution through the various UnitedBtates district courts. The amounts recovered by suit and otherwise are as follows : Amount recovered by draft, certificate of deposit, and current funds, in cases of white soldiers, and turned into the Treasury to be credited to the proper appropriations Amount recovered iu cases of .colored soldiers, principally through the agency of the Freedmen^s branch of the Adjutant-General's Office, and turned into the Treasury for appropriate credit Amount wrongfully withheld by claim agents, and secured to the rightful owners by the interposition of this office Amount of disbursing-officers' checks recovered and cancelled •Amount of judgments recovered, but not yet satisfied Amount secured by stoppages and offset Amount of checks secured, from the Indian Ofiice, being on account of bounty to Indian Home Guards, and properly cancelled Amount recovered and turned over to Army paymasters ., . Total....... ' '. , | 9 , 070 09 41, 644 68 7,297 1, 000 10, 277 560 42^ 00 17 35 1,660 40 115 07' 71,625 18. To which should be added— Amount of fines imposed by United States courts in criminal cases Bond of indemnity on hand .^ 750 00 1,700 00 • 74,075 18 There are now under examinatipn and investigation 4,749 cases, involving forgery, fraud, unlawful withholding of money, overpayments, &c., as follows: Fraudulent and contested claims in cases of white soldiers, in which settlements had been made prior to notice of fraud or contest Fraudulent and contested unsettled claims in cases of white soldiers Alleged fraudulent claims awaiting the decision of United States courts Cases involving overpayments to ex-officers of the Army and volunteers Fraudulent and contested claim's in cases of colored soldiers in which settlements had been made prior to notice of fraud or contest Unsettled claims in cases of colored soldiers involving fraud in the marriage evidence Unsettled contested claims in cases of colored soldiers -. Unsettled claims in cases of colored soldiers in which evidence of heirship is believed to have been manufactured by claim agents and their abettors Claims in cases of Indian Home Guards in which fraud is alleged. Miscellaneous cases ' .Total ..J Nuraber of claims on hand June 30, 1872 Number of claims received during the year. Total ' Nuniber of claims finally disposed of during the year : 1,187 626 80 207 1,153 146 294 • 974 25 57 4,749 4, 381 895 5,276 527 SECOND AUDITOR. Number of claims on hand June 30, 1873 Number of letters written , 197 4,749 4, 814 ' In addition to the foregoing cases there is a large number of letters and informal complaints relating to fraudulent transactions, which are held as caveats against the persons complained of until cases of a similar nature, now pending in the courts, shall have been finally determined. I t will be observed by the exhibit of this division that there is a further increase of labor, although the result of the past year's operatfons is highly satisfactory, especially in the prosecution of suits and recovery of money. Since the transfer of the Freedmen's Bureau to the AdjutantGeneral's Department, many irregularities and dishonest practices of some of the officers lately employed by that Bureau have been discoA^ered, necessitating much labor and care in the examination of certain claims, vouchers^ and accounts. Much credit is due to the officers of the War Department who now have the management of the Freedmen's Bureau affairs,, the Solicitor of the Treasury, aod the United States district offi.cers for thei;r earnest co-operation with this office in the discovery and punishment of wrongs, and in protecting the Government and its wards. With the continued aid of these officers it is anticipated that the fraudulent practices in the bounty-claim business will soon be suppressed, and the ends of justice rapidly answered. ARCHIVES DIVISION. The following are the details of the work performed by this division: Number of accounts received from the Paym aster ^General Number of accounts on file awaiting settlement .'. .-. Number of confirmed settlements received from the Second Comptroller verified, briefed, and transferred to permanent files— Paymasters' 1 ' 261 Indian : 1,047 Miscellaneous 1, 371 Number Number Number Number Number Number Number 556 6.34 2,679 531 2,602 58, 872 225 16,085 19, 919 789 of paymasters' settlements re-examined of settlements withdrawn and returned to files of vouchers withdrawn and returned to accounts of abstracts of accounts bound in covers of dui)licate bounty vouchers examined for certificates of pa,yment... of mutilated muster and pay-rolls repaired of letters written REGISTRY AND CORRESPONDENCE DIVISION. The record of the work pertaining to this division is as follows: Number of letters received • Number of letters written Number of letters recorded '. Number of letters referred to other bureaus Number of dead letters received and registered '.. Number of miscellaneous vouchers received, stamped, and distributed Number of letters, with additional evidence in the case of suspended claims, received, briefed, and registered... ^ Number of pay and bounty certificates examined, registered, and sent to the Paymaster-Gen eral, in accordance with joint resolution April 10, 1869 Number of claims received, briefed, and registered Number of pay and bounty certificates examined, registered, and mailed Number of reports calling for requisitions sent to the War Department 30, 365 42,467 2,355 1,983 3,275 103,748 25,902 12,855 31,284 14,262 440 For convenience of reference, and for^the purpose of showing at a glance the various classes of accounts settled in the Office, and the num- 198 REPORT ON T H E FINANCES. ber of each class received, disposed of, and remaining on hand, I annex the following Consolidated statement. Description of accouuts. r e CO O o 1,127 Payraasters 780 ludian agents 729 Indian agents 60 Indian claims 42, 012 . Bounty, arrears of pay, &c Ordnance, medical, and miscellaneous.. Regular recruiting Volunteer recruitiug } 1,828 Claims for r e t u r n of local b o u n t y F r e e d m e n ' s B u r e a u accouuts . .i.. Ordnance and Quartermaster's Depart16, 855 ment (property)...Soldiers'liome National Home'. 1 J Total., 63, 391 •556 825 .544 925 25,179 1,033 887 400 984 32, 420 2, 197 2,567 146 3,124 ,24 12 33, 532 10, 578 24 12 650 $27, 532,170" 94 36, 889 3, 598, 438 87 718 873 i 1,665 4, 730, 749 34 1 1, 664, 985 64 149, 744 34, 771 1, 968,183 01 1 231, 544 83 I 1,458 173, 515 61 ^ 1,838 ,, 1, 423 45 82 t 8,'541,725 08 9,401 3, 778 336, 733 01 399, 551 57 49,179,021 35 193, 914 Besides the number of letters stated in the above table, there have been written 71,630 relating to the miscellaneous business of the Office, making a total of 265,544, or 62,886 in excess of the correspondence of last year. , The average number of clerks employed during the year was 272. The following statements and reports were prepared and transmitted during the year: Annualreport to the Secretary,of the Treasury of the transactions of the Office during the fiscal year. Annual statement of the recruiting fund, prepared for the AdjutantGeneral of the Army. . Annual statement of tlie contingencies of the Army, prepared for the Secretary of War. Annual statement of the clerks and other persons employed in this Office during the year 1872, or any part thereof, showing the amount paid to each on account of salary, with place of residence, &c., in pur> suance of the eleventh section of the act of August 12, 1842, and resolution of the .House of Eepresentatives of January 13, 1846, transmitted to the Secretary of the Treasury. Monthly tabular statement showing the business transacted in the Office during the month, and the number of accounts remaining unsettled at the close of the month, transmitted to the Secretary of the Treasury. Monthly report of absence from duty of employes of this Office, with reasons therefor, transmitted to the Secretary of the Treasury. Pay-rolls, upon which payment was made to the employes of this Office^ prepared semi-monthly. It affords me great pleasure to say that the results accomplished during the year have been satisfactory. / The showing in the number of settlements made, especially of claims for pay and bounty, has not been as large as in preceding years, for the reason that more than half of the unsettled claims upon the registers of the Office, at the commencement of the year, have been accumulating SECOND AUDITOR. ^ 199 during the last ten years, have beep, suspended from time to time for cause, and, owing to peculiarities in their character, require great care in their treatment, and involve a large amount of investigation and correspondence. A special effbrt is being made to dispose of them in such a manner as to secure the rights of the Government and of honest claimants. . • Claims under recent laws are promptly settled, and if there should be no large class of claims created by new "legislation it is believed that during tho current year the clerical force upon this-branch of work can be materially reduced. While there has been no lack of official courtesy toward this office,, one of the principal obstacles to the prompt dispatch of business has been the difficulty of obtaining necessary information from other offices^, in consequence of their inability to furnish it. On the 3d of July last a letter was addressed to this office from the Adjutant-General, acknowledging the fact that there was then in that office over six thousand unanswered requests from this, for statements of service in the cases of enlisted men of the volunteer army^ arid stating that " This delay arises from the fact that the clerical force is not sufficient to keep up the current work, and at the same time keep in a proper state of preservation the muster-rolls from which the inform ation called for is obtained." Its effect upon the business of this office is a Cause of regret, which it is hoped will be promptly removed by Congress. The conduct of the clerical force of this office is entitled to high commendation. Their ability and faithful discharge of their duties have been marked and constant, and leave nothing to be desired. I am,- sir, very respectfully, E. B. FEEiS^OH, Auditor, Hon. W M . A. EICHARDSON, Secretary of the Treasury, REPORT OF THE THIRD A U D.I T O R . EEPORT OP THE THIRD.AUDITOR OF THE TREASURY, ... TREASURY DEPARTMENT, Thi'kl Auditor'^s Office^ Septemher 16, 1873. SIR : In compliance with instructions from your office and the requirements of law, I have the honor to transmit herewith the following report of business operations of .this office for the fiscal year ending June 30,1873. BOOK-KEEPER'S DIVISION. The duties devolving upon this division are, in general, to keep the appropriation and money accounts of the office. The annexed statement of the financial operations of the office during the fiscal year ending June 30, 1873, exhibits the amounts drawn on specific appropriations, except those under direction of the Chief of Engineers of the Army, which are aggregated and entered under the general heading, " Engineer Department." I t also shows the repayments into the Treasury for the same period. The average number of clerks engaged in this division during the period embraced in this report h*as been nine, and that number now con, stitutes the active force of the division. The number of requisitions drawn on the Secretary of the Treasury . by the Secretaries of War and of the Interior for the fiscal year ending June 30, 1873, was 4,654, amounting to $61,693,170.22, as follows, viz: Eequisitions drawn by the Secretary of War and the Secretary of the Interior. >4^ Advances to officers and agents duriug the fiscal year. • Appropriations. $4, 1, 1, 4, Barracks and quarters Cavalry and artillery horses Clothing of the A r m y Preservation of clothing and equipage 2sational cemeteries Construction and repair of hospitals . . . . . . . . . .... Exnenses of sales of stores and niaterials Commutation of rations to prisoners of w a r Extension of military reservation C a m p JVIohave Purchase construction and maintenance of steam-rams- TRANSFERS: Second Auditor's. 546, 543 380, 568 486, 063 330, 754 34 3018 94 294, 10, 870, 150, 54 00 84 00 75 31 51 55 43 00 00 00 273 000 975 000 777 . 358, 707 84, 526 !29, 674 842 1,000 2, 000 14, 219 o . . $647, 430 49, 889 220, 626 926, 652 1,586 87, 030 281 10, 545 66 28 52 95 07 95 93 28 $441 173 ]36 1,748 52 40 70 58 Third Auditor's. $2, 787 762 • 32 10, 502 - Interior Department. 44 72 40 87 $255 50 225, 000 00 208 00 138, 917 85 120 66 17, 220 36 14, 423 27 945 38257,486 11 10 00 Fourth • Auditor's. / P a y m e n t of members of certain military organizations, Kansas City Defraying expenses of minute-men, &c., in Pennsylvania, Maryland, 28, 762 32 758,110 31 525, 258 72 3.36, 817 37 425, 000 00 43, 408 28 • .• Claims of loyal citizens for supplies &c southern claims Horses &c lost act of March 3 1849 Signal-service C u r r e n t and ordinary expenses Military Academy 8, 260, 478 , 12, 500 338, 000 63, 045 35 00 00 00 6, 81*8 927,910 61,821 17,131 9,591 2,051 99, 975 5,159 82 19 13 66 41 00 85 75 Total. .^5,197, 202 96 1 431 393 70 1,706,858 80 5, 269, 914 84 1, 586 07 381, 304 49 10, 281 93 1,106,521 12 150, 000 00 777 75 . 497, 833 16 84, 526 .51 29, 674 55 842 43 1,000 00 2, 000 00 14, 219 00 17, 220 36 14, 548 93 945 38 257,496 11 O Pi H O • '958 50 958 50 Gun-boats on w e s t e r n rivers. Special relief acts. 2, 038 21 , 28, 762 758,110 525, 258 336,817 425, 000 43, 408 6,818 927,910 61,821 17,131 9,591 2, 051 99, 975 8,267,676 12, 500 338, 000 63, 045 32 31 72 37 00 28 82 19 13 66 41 00 85 31 00 00 00 • Q Ul 15, 800 00 17, 500 00 Miscellaneous items and incidental expenses. Military A c a d e m y S u n n o r t of Bnrpftu of "Rpfuffpes F r e e d m e n &C . ............ 2, 880, 971 50 30, 200,115 33 Pensions to widows-aud others Art Act Art Act Act Act Act Act Act for for for for for for for for for fhe the the the the the the the the relief relief relief relief relief relief relief relief relief of of of of of of of of of ....... 12, 971 80,-748 102 1, 268 12, 222 101 95 1300 57 26 03 1,686 85 50,179 68 664 43 1, 284 88 117 32 T h o m a s D W^est . . ...... J o h n W . Phelps S J3 Mitchell and others . Harriet Spring Albert G r a n t T h o m a s B S t e w a r t aud Alexander McConn . . Omaha National B a n k 1 T h o m a s F . Spencer Charles H . Thompson A f t for the relief of H a r r i e t W P o n d . . ' A c t for the relief of Beverly B. Botts and others A c t for the relief of Minerva Lewis, administratrix A c t for the relief of William W e b s t e r of Maine A c t for the relief of Orville J. J e n n i n g s A ct for-the relief of William Spence A ct for the relief of Mary L o v e . . .... A c t for t h e relief of Horace T y l e r A c t for the relief of Georsre R e b e r . . . . . i . . . . . A c t for the relief of W a r r e n & Moore A c t for the relief of Jesse E. P e y t o n A c t for the relief of Heirs of T h o m a s L a w s o n . . . . .. A c t for the relief of Milo P r a t t Act for the relief of Charles H. Mallory & Co., N e w York A c t for the relief of Levi J. Powell A c t for the relief of Margaret Merklein Total 15, 800 17, 500 46, 971 '2, 977, 644 30, 200, 217 51 448 12, 886 1,503 34, 000 00 14,237 63. ' .,; • ..... . .'. • 55, 774, 336 87 4, 803, 400 95 4,187 05 842, 658 83 117 .32 255 50 910 555 2, 592 8.510 40, 906 1, 443 1, 503 100 3.100 •112,740 1, 000 1,990 5, 000 4,208 8,132 24, 290 2, 000 34, 988 797 293 1, 684 4, 600 2,000 4,160 104 600 00 00 95 11 33 25 69 23 00 00 87 67 63 36 96 00 00 76 00 16 00 33 95 80 00 53 15 58 45 00 00 00 50 00 268,213 70 268,213 70 61 693 170 22 ' a I—( O * Nineteen thousand dollars advanced out of the appropriation for exploring expedition, 40th parallel. to .O Or ^206' REPORT ON T H E • FINANCES. The number of credit and counter requisitions drawn by the Secretaries of War and of the Interior on sundry persons in favor of the Treasurer of the United States is 697, on which repayments into the Treasury during the fiscal year ending June 30, 1873, were made through the Third Auditor's Office, as follows, viz : . Deposits...... Canceled requivsitions •Second Anditof's transfers Third Auditor's transfers .Fourth Auditor's transfers Interior Department transfers War Department transfers • ..-- $2,145,112 110 480,711 856,450 4,133 .... 991 80 -- i 12 00 > 12 05 73 58 12 Total.: • 3,487,588.72 NOTE.—The aggregate amount of $5,626,733.26 standing to the credit of twentynine ''specific appropriations" respectively, has been carried to the surplus fund hy •warrant No. 151, dated June 30, 1873. The following statement shows, in a tabular form,.the principal items •of business transacted in this Office duringthe fiscal year ending June 30, 1873, and the number and amount of uusettled accounts and claims 'On hand: ill ^ fl O 03 • Description of accounts. • tOoMei . • lis lis oca % '^ r. ^ Number of accounts settled in fiscalyear ending J u n e 30, 1873. o.« g P2; Monthly Blonthly Monthly aud. • and and quarterly. quarterly. quarterly. Quartermasters' money -Quartermasters' p r o p e r t y Commissaries'money.. Refugees, Freedmen, aud Abandoned L a n d s Tension agents' money Signal-officers' money . . . ; 'Signal-officers' property Total .' •Claims for horses lost . . . steamboats destroyed Oregon w a r miscellaneous ... Total •- 832 3,867 417 10 645 75 80 Number of, accounts un. settled J u n e 30, .1873. *. 3,'783 3,667 1,059 3,467 7,255 1,145 4 711 203 26 102 14 795 216 97 102 Amount involved. Monthly and quarterly. 1,148 279 331 $3,458, 919 06 14 19 56 52 561 62 9 16, 150, 003 20 4, 595, 787 47 • 192, 650 21 76, 606, 833 54 • 2, 390 25,071,839 20 $29, 065, 626 80 4, 372,779 33 118,198 33,926,556 8, 826, 443 297,229 5, 926 9, 555 . 5,159 69 842 6,786 6 136 258 3 129 6,016 6 136 413 4 146 4,750 8 409, 785 73, 033 37,183 17, 503 4, 419, 908 1,701,418 52 93 00 05 00 28 5,004 68 825 . 8. 052 4 ' 12, 862 6, 548 5,457 6, 658, 831 78 13, 953 13, 091 Amount involved. 674, 479 26 919, 037 556, 493 69, 664 4, 658, 284 280,160 58 70 61 32 68 6, 483, 640 89 •QUARTERMASTERS' DIVISION. The accounts of quartermasters cover a varied range of money disbursements and property accountability, embracing disbursements for barracks, quarters, hospitals, store-houses, offices, stables, forage, and transportation of all Army supplies. Army clothing, camp and garrison •equipage; the purchase of cavalry and artillery horses, fuel, forage, straw, material for bedding, stationery; hired men; per diem to extraduty men; of the pursuit and apprehension of deserters; of the burial 207 THIRD AUDITOR, of officers and soldiers; of hired escorts; of expresses, interpreters, spies and guides; of veterinary surgeons, and medicines for horses; of supplying posts with water, and generally the proper and authorized expenses for the movements ancl operations of an army, not expressly assigned to any other department. The " returns '^ are an account of the disposition made of all property paid for by the Quartermaster's Department, (except clothing, camp and garrison equipage, which are accounted for to the Second Auditor.) The tabular statement herewith exhibits in a condensed form the results of the labors of the force employed in this division: Money accounts. On hand per last r e p o r t . . Received during the fiscal y e a r . . Total Reported during the fiscal year Remaining unsettled Total Supplemental settlements. Propertyreturns. Property. A m o u n t involved. 832 3,783 $17, 863,150 52 14, 661, 395 34 3,867 3,667 2,492 2 , 3 7 9 . $10,152, 684 70 4,615 32, 524, 545 86 7,534 2,492 2,379 10,152,684 70 3,467 1,148 29, 065, 626 80 3, 458, 919 06 7,255 279 2, 492 2,379 10,152, 684 70 4,615 32, 524,-545 86 7,534 2,492 2,379 io, 152, 684 70 Money. Signal-accounts. •Onhand per last report . .. .. Received during the fiscal y e a r . . . . . . . . . . . . . . . . . . Total Reported during the fiscal y e a r . . . . . . . . . . . . . . . . . . Remaining unsettled . . . . . . . . . . . . . . ........... T o t a l '. A m o u n t involved. No. A m o u n t involved. Total. Property. Money. 102 80 26 $207,102 88 282, 776 85 106 489,879 73 17,228 43,167,110 29 97 9 297, 229 52 192, 650 21 15, 792 1, 436 39, 515 541 02 3, 651, 569 27 3 06 489, 879 73 17, 228 43,167,110 29 102 102 102 . No. Amount involved. 4,779 $18, 070,'253 40 12, 449 25, 096, 856 89 Kumber of letters written, 8,292; average number of clerks employed, 69|. ; JSTumber of vouchers examined, 533,192, and pages of manuscript written, 13,874. The above table exhibits in a concise form the principal items of labor performed;,by the clerical force employed in this division, and shows also the number of accounts remaining unsettled at the end of the fiscal year, and the amount involved in such unsettled accounts. I t will be seen that832 quartermaster accounts, in volving $17,863,150.52, and 80 signal-officers'accounts, involving $207,102.88, total,$18,070,253.40, remained on hand June 30,1872 ; that 3,783 quartermaster accounts, involving $14,661,395.34, and 26 accounts of signal-officers, involving $282,776.85, total, $14,944,172.19, were received from the proper military' bureaus; that3,467 quartermaster accounts, involving $29,065,626.80, and 97 accounts of signal-officers, involving $297,229.52, total, $29,362,856.32, were settled during the fiscal year, leaving 1,148 quartermaster accounts ° and 9 accounts of signal-officers, involving $3,651,569.27, remaining on hand unadjusted. There were also 2,379 supplemental money-statements made, involving $10,152,684.70, making a grand total of $39,515,541.02 208 ^ REPORT ON THE FINANCES. adjusted by this division during the year. A reference to prior reports will show that the unsettled accounts remaining on hand ($3,651,569.27) is a smaller amount than remained on^hand at the close of any fiscal year subsequent to the year ending June 30, 1860. Of these accounts a large portion have been examined and are ready to be reported to the Second Comptroller, as soon as settlements of the same disbursing officers'accounts, now in that office, shall be returned to this office. A careful examination shows that 2,206 settlements, made in this office, of the money accounts of disbursing pfficers of the Quartermaster's Department, are now in the Second Comptroller's Office awaiting the official action of that office. The number of letters sent from this division was 8,292, against 17,444 sent during 1872. Letters on official business ate prepared at considerable cost to the Government, and, while care has been taken to answer promptly all communications requiring rex^lies, it is deemed important that only those should be written which are absolutely required for the proper discharge of the administrative duties of the office. The best results obtained in the year just closed will be found in the '^ supplemental money-settlements.'^ These settlements are based generally on explanations, or corrected vouchers, furnished by disbursing officers in answer to objections raised against their accounts. The amount involved in these settlements, it will be seen, was $10,152,684.70 during the year just closed. Of the vast number of ^' Eeturns of quartermaster stores," rendered duringthe rebellion, only about forty remain unadjusted, and of that number the larger portion were'rendered by officers who were subsequently dismissed the service for fraudulent transactions in connection with their accountability to the Government, and who have not consequently been permitted to receive the benefit of the liberality displayed by Congress; to faithful officers in the passage of the acts of June 23,1870, and June 7, 1872, authorizing allowances for losses of funds, &c. SUBSISTENCE DIVISION. This division audits the accounts of all commissaries and acting commissaries of subsistence in the Army, whose duties are to purchase the provisions and stores necessary for the feeding of the Army, and see to their proper distribution. These commissaries render monthly moneyaccounts, with proper vouchers, for disbursements of the funds intrusted to them, together with a provision-return, and vouchers showing the disposition of provisions and stores purchased and received during each month. These accounts are received monthly through the office of the Commissary General of Subsistence, and are every six months (or oftener if \ h e officer ceases to disburse) examined and audited in this division, and the money accounts and vouchers, together with a certified statement of their condition, referred to the Second Comptroller of the Treasury for his decision thereon. Upon their receipt back from the Comptroller with the statement approved, the officers are then officially notified of the result of said examinations and are called upon by this office to adjust or explain any omissions or errors that may have been discovered. The money and provision accounts, together with vouchers and papers belonging thereto, are, after examination, placed °in the settled files of this division for future reference, and remain permanently in the custody of this office* - . THIED 209 AUDITOE. Annual report ofthe Subsistence Division for the fiscal year ending June 30, 1873. Refugees, Freedmen, and Abandoned Land accounts. Subsistence accounts. fl . Money accounts. Money accounts. O 00 •g g No. * .. Remaining on hand J u n e 30 1873 No. 417 1,059 $501, 941 83 4, 545, 316 76 405 1,043 10 4 ... 1,476 1,145 5, 047, 258 59 4, 372, 779 33 1,448 1,120 14 14 .. . 331 674, 479 26 328 . On hand per last report, vTune 30,1872 Received duriug fiscal year Total Audited during fiscal year A m o u n t involved. '> ^ . A m o u n t involved. $49, 802 02 68, 396 12 118 198 14 118,198 14 _ IsTumber of vouchers examined, 57,252; difierence-sheets written, 738; letters written, 1,090; queries answered, 1,105; average number of clerks, 7. ENGINEER DIVISION. This division is employed in the examination of the accounts of the officers and agents of the Engineer Department, who, under direction of the Chief of Engineers of the Army, (except the superintendent of the Military Academy at West Point, whose ciisbursemeuts are directed by the Inspector-General,) disburse moneys out of various appro; priations—now 248 in number—made from time to time by Congress for works of a public nature, which may be classed under the following general heads, viz : • The purchase of sites and materials for, and construction and repairs of, the various fortifications throughout the United States; Construction and repairs of roads, bridges, bridge-trains, &c., for armies in the field; . • Surveys on the Atlantic and Pacific coasts ; Examination and surveys of the northern and western lakes and rivers ; Construction and repairs of breakwaters ; Eepairs and improvement of harbors, both on sea and lake coasts; Improvement of rivers and purchase of snag and dredge boats forthe same; and The expenses of the Military Academy at West Point. The average number of clerks employed in the division for the year ending June 30, 1873, was 4.25, and the transactions of the division for the same period are shown by the following statement, viz: Accounts. Number of quarters. Amount involved. 75 203 $4,918,071 84 8,504,149 19 :.... 278 ,13,422,221 03 8, 826, 443 56 4, 59.5, 777 47 3a ........... 216 62 278 13, 422, 221 03 36 On hand per last report, J u n e 30,1872 Received during the year Total Reported during the year Remaining on hand ... • ........ .. ... Total Iiumber of letters written, 612. • 14 F -^ fl 2 210 R E P O R T ON T H E FINANCES. The business of thig division is well up, as will be seen by the following : Of the accounts on hand four are for disbursements made in 1871, thirty-four in 1872, and the remainder in 1873. STATE WAR-CLAIMS DIVISION. The duties of this division embrace the settlement, under the various .acts and resolutions of Congress relating thereto, of all claims of the several States and Territories for the costs, charges, and expenses properly incurred by them for .enrolling, subsisting, clothing, supplying, arming, equipping, paying, and transporting their troops employed by the United States in aiding to suppress the recebt insurrection against the United States. Also, Indian and other border invasions. Original accounts. No. Amount. Suspended accounts. No. Montana w a r claims. Amount. No. Araount, 76 $4,178, 936 51 On hand J u n e 30 1872 Received during the fiscal y e a r ending J u n e 30, 1873 , -. •6 $661,457 81 6 1, 320,121 15 3 6.57,921 80 136 $409, 785 52 Total .' Reported during the fiscal y e a r ending J u n e 30, 1873 : 12 1,981,578 96 79 4, 836, 858 31 136 409, 785 52 8 1, 701 418 28 22 84, 984 40 136 409, 785 52 4 280,160 68 57 4,751,873 91 ' Number of ofiicial letters written during the year, 89. ]^[umber of clerks employed during the year,. 3. CLAIMS DIVISION. The duties of this division embrace the settlement of claims of a miscellaneous character arising in the various branches of service in the War Department, growing out ofthe purchase or appropriation of supplies and stores for the Army; the purchase, hire, or appropriation of water-craft, railroad stock, horses, wagons, and other means of transportation; the transportation contracts ofthe Army; the occupation of real estate for camps, barracks, hospitals, fortifications, &c.; the hire of employ6s, mileage, court-martial fees, traveling expenses, commutations, &c.; claims for compensation for vessels, railroad-cars, and engines, &c., lost in the military service; claims growing out of the Oregon and Washington war of 1855 and 1856, and other Indian war claims ; claims of various descriptions uuder special acts of Congress, and claims . not otherwise assigned. The following statements show the business transacted in this division during the fiscal year ending Jiine 30, 1873, and the condition of the business at the commencement and at the end thereof: . Miscellaneous claims. No.O n h a n d JunG30, 1872 1 Received during the year Total Disposed of T o t a l on hand J u n e 30, 1873 Amount claimed. 6786 6016 *$4, 190, 774 57 14,887,418 61 ^2802 4750 9, 078,193 18 +4,419,908 86 8052 §4, 658, 284 32 * This is the amount claimed in 5,462 cases, the amounts claimed in the others (1,324) not beiug stated. t T h i s is the amount claimed in 5,766 cases, the amounts claimed in the others (250) not being stated, X This is the amount claimed in 4,667 cases, the amounts claimed iu the others (83) not beiug stated. § This is the a m o u n t claimed in. 6,561 cases, the amouuts claimed in the others (1,491) not being stated. THIRD 211 AUDITOR. ]N'umber of letters written during the year in all the branches, 2,672. Washington and Oregon Indian war claims 1855 and 1856. Amouut claimed. No. On hand J u n e 30, 1872 Received during the y e a r 842 129 . *$65,797 51 17, 658 10 Total Disposed of '.- 971 146 73, 4.55 61 +3, 791 00 On hand J u n e 30, 1873 825 §69, 664 61 * This tThis J This §This is the is the is the is the amount amouut amouut amount claimed claimed claimed claimed in in in in 405 case's, the amounts claimed in the others (437) not being stated. 49 cases, the amounts claimed in the others (80) not beiug stated. 29 cases, the amounts claimed in the others (117) not being stated. 425 cases, the amounts claimed in the others (400) not being stated. Lost vessels, 4'G, Act March 3, 1849! Number. On hand J u u e 30, 1872 Received during the y e a r • • Total Disposed of -' .• On hand J u n e 30, 1873. . . . : . Amount claimed. 693 $560, 873 07 32, 803 63 72 4 593,676 70 37,183 00 68 556, 493 70 A m o u n t allowed. $22, 636 00 HORSE-CLAIMS DIVISION, This division is engaged in settling claims for compensation for the loss of horses and equipage sustained by officers or enlisted men while in the military service of the United States, and for the loss of horses, mules, oxen, wagons, sleighs, and harness while in. said service by impressment or contract. The number of clainus received and docketed during the year is 251, in which the aggregate amount claimed is $60,501.63. The number settled and finally disposed of during the same period (including those received prior as well as during the year) is 413, in which the aggregate amount claimed is $73,033.93, and on which the aggregate amount allowed is $58,437.69. There have been during the year 389 briefs made; 2,669 claims examined and suspended; 1,703 letters received and docketed, and 4,907 letters written. The following table presents the condition of the business of this division at the commencement aud close of the fiscal year, as well as its progress through the year : Number. Claims on hand J u n e 30, 1872 «. Claims received during the year Claims reconsidered durinig the year , , .... Total Claims allowed during the yeai' . • .. . . . . . . . Rejected on same .. .....1.............. A m o u n t claimed . Claims disallowed duriug the y e a r .... .. , 369 . 44 D e d u c t as finally disposed of during the year Claims on hand J u n e 30, 1873 Amount. - Number. Amount, 5, 159 251 7 $930, 435 05 60, .50! 63 1 134 83 5,417 992, 071'51 $58, 437 69" 8,445 88 66, 883 57 6, 150 36 413 73, 033 93 *5,004 919,037 58 f 212 REPORT ON THE FINANCES. The adjustment of this class of claims grows more difficult every year as the lapse of time- between the accruing and settlement of them increases', and it necessarily requires more work and longer time to complete the evidence, and, therefore, the same number of clerks settle a less number of claims each succeeding 5^ear. I have again to invite your attention to the fact that quite a considerable number of very meritorious claims are on file in this division for the allowance of which no statute provision is made. These claims are as equitable as any of those specified in the act of March 3, 1849, and it is recommended that the first section of that act be amended so as to provide.payment for all losses of horses and equipage that are incident to the service, as suggested in my report for the year 1870. PENSION DIVISION. The. duties of this diyision embrace the settlement of all accounts which pertain to the jpay ment of Army pensioners throughout the United States. The name of each pensioner, his rank, rate, date of commencement, increase, reduction, transfer, remarriage, death, and expiration, whether * by limitation under existing laws or on account of the disability having ceased, is recorded in a roll-book for each agency prepared for such purpose. An account is kept with each pension agent, charging him, under the proper appropriation bond, and fiscal year, with all moneys advanced for the payment of pensioners. Each agent pays the amount of pension due on vouchers properly executed, with duplicate receipts attached, signed by the person entitled thereto; and in the margin of the receipt is the number and date of the check issued. At the end of each month the agent forwards his account direct to this office, with abstract and vouchers of payments made, and, upon receipt thereof, the account is primarily examined, compared, acknowledged, and placed in the unsettled files for audit. Bach voucher is afterward carefully examined, and the payment made is entered on the roll-book opposite the pensioner's name. The account, when audited, is reported to the Second Comptroller for Ms revision, and approval, which, when completed, is returned to this office. The agent is then duly notified of any and all errors, and the account,placed in the settled files, where it permanently remains. In case of any defalcation, this office prefjares the papers necessary for suit, and transmits the same to the Second Comptroller, "who directs the prosecution.'' Under act July 8,1870, pensioners are paid quarterly, instead of semiannually, as theretofore, which more than doubles thelabor'in the exami^ nation aud auditing of the accounts. Act July 12, 1870, requires all accounts to be audited by fiscal j'iears, and the balance unexpended to be covered into the Treasury. So tar as ifc relates to these accounts I think it one of the best laws enacted. Act February 14, 1871, granted pensions to the survivors of the war of 1812 who served sixty days, and to the widows who married prior to the treaty of peace. The number added to the roll under this act is 23,319. Act June 8, 1872, amended the act June 6, 1866, which granted disabled soldiers fifteen, twenty, and twenty-five dollars per month, so that now they are entitled to receive eighteen, twenty-four, and thirtyone and twenty-five hundredths dollars per month. The number receiving the above increase is 15,505. Act March 3, 1873, to revise, amend, and consolidate the pension laws, necessitates the change and increase of a great many pensioners. THIRD 213 AUDITOR. Number of pensioners on the rolls at present t Revolutionary, half-pay, act 1848, &c Invalid act July 14, 1862, &c Widows aud others, not includiug children War of 1812, act February 14, 1871... Total 1,557 .99,804 112, 088 23,319 ..: „ .: 236.768 Pensioners who have received artificial limbs 1, 407 Pensioners who have received commutation in lieu, thereof .9, 497 Amount appropriated to pay Army pensions for the fiscal yearending June 30,1873 ..,.. $30,000,000 00 Amount drawn from the Treasury to pay penfiions during the year 29,995, 445 69 Balance iu the Treasury 4,554 31 Amount paid to pensioners duriug the fiscal yea.r ending June 30, 1873, as appears from the accounts rendered, and more fully from the tabular statement herewith ; 28,958,852 95 The unexpended balance will be refunded and covered into the Treasury • 1,036,592 74 ' The following tabular statement shows the amount of business disposed of during the fiscal year ending June 30,1873 : Amount involved. Number. Accounts on hand J u n e 30, 1872 Accounts received during the y e a r . 645 711 Accounts reported during the y e a r . Accouuts remaining unsettled 795 561 $21,319,8.56 47 28, 756, 702 92 50, 076, 559 39 33, 926, 5.56 19 16, 150, 003 20 50, 076, 5.59 39 The accounts on file unsettled, although many are already in hand, are divided as follows, viz: ^ Accounts of 1872 Accounts of 1873 Total. — _ - 6 555 561 Pensioners recorded, increased, restored, and re-issued 38,076 Pensioners transferred ,. 3,963 Pension-vouchers examined 957,749 Payments entered 875, 012 Pages of abstract added 36,274 Pages of difference and miscellaneous copied 3,591 Copies of surgeon's certificates of examination furnished Gommissioner of Pensions in increase-cases 1,449 Seventy-two special settlements were made, (the number not being included in the tabular statement above,) mostly old accounts, finally closed, some of which had remained unsettled many years. The force in this division during the year numbered 47 clerks and 3 copyists. .. It is my desire that the work of this division shall be brought up to current work. The changes that constantly occur at the agencies, and the errors made, should be discovered as soon as possible, so that steps can be taken to have the accounts adjusted and closed at once. By a constant, careful, and sometimes personal examination of the accounts of agents who have been out of office some time, I have succeeded in collecting many thousands of dollars which were heretofore considered as total lossThe followingtabular statement exhibits the amount paid at the-several agencies during the year ending June 30, 1873: state. Arkansas Do Connecticut California District of Columbia Delaware Indiana Do Do Do Ulinois , Do Do...„ Do Do Do Do Iowa Do , Do Do Kansas f... Kentucky Do Do Louisiana Maine Do :.. . Do , Massachusetts Maryland Michigan Do o... Do Missouri , Do Do Minnesota Mississippi • N e w Hampshire Do New York Do... Do Do Do New Jersey Agency. Little Rock ....do Hartford San Prancisco Washington City . Wilmington Fort Wayne Indianapolis .-..do ,., Madison Chicago Quincy Springfield ....do ....do Salem • ....do Des Moines ....do Fairfield Marion '. Topeka Lexington Louisville ....do New Orleans Augusta Bangor Portland... i Boston Baltimore Detroit.' ....do •G r a n d Rapids : . . . Macon C i t y . ; . ' . . . . Saint Louis .--.do Saint P a u l Vicksburgh Concord Portsmouth Alb'any Canandaigua.'. Brooklyn New York C i t y . . . .--.do Treuton Agent. J a m e s Coates A. D . T b o m a s D.C.Rodman H. C. Bennett David C. C o x . . . . : E.D.Porter H i r a m Iddings C. W . Brouse W.H.H..Terrill... Mark Tilton-. Daniel Blakely B. M. Prentiss William J a y n e S. H. J o n e s . . . J. H. Moore J a m e s S. M a r t i n . . . W . E. McMackin . , S. Goodrell B. F. Gue D.B.Wilson J. B. Y o u n g Charles B . Lines . , A. H. Adams W . D. Gallagher . . R . M . Kelley R . H . Isabelle F . M. D r e w S. B. Morison.. George L. Beal . . . Charles A. Phelps . Harrison Adreon . . Arnold K i n c h e n . . . Samuel Post Thoraas Foote William C. E b e r t . J a m e s Lindsay A. R. Easton , E. McMurtrie J o h n T. R a n k i n . . . Alvah Smith , D. J . V a u g h a n S. H . H . P a r s o n s . . . L. M. D r u r y J o h n Hall L. L . Doty S. B.;Dutcher , J a m e s F . Rusiing., Artificial limbs. I 00 736 90 OOL 89 794 75 125 00 709 05 854 45 550 00 893 40 959 30 500.00 709 30 450 00 337 00 503 55 200 00 775 00 518 50 452 47 317 45 400 95 275 00 150 00 600 00 550 00 506 00 413 25 278 50 112 20 095 88 400 00 977 20 125 00 005 60 150 00 .551 71 162 .53 357 80 341 20 599 38 278 36 656 00 466 73 039-00 928 00 Invalids. $17, 483 38 2,819 10 131,283 71 34, 989 84 257, 7.59 61 27, 483 83 187, 497 52 349, 305 79 106, 168 34 1.37,900 20 381,752.90 185, 232 49 4,427 31 169, 990 67 60,881 03 131,644 48 120,414 05 . 33,091 59 83, 779 98 137,333 61 144,315 49 135,019 60 66, 610 40 65, 909 03 68, 105 33 30, 599 03 158,998 72 138,417 05 175,164 43 527, 046 81 126, 647 93 290, LOO 01 102,274 76 97,770 Ll 131,878 28 132,471 84 35, 490 73 117,983 07 6, 3.59 10 176,798 71 41, 017-94 555, 777 29 558, 177 64 89, 863 68 114,766 18 307,551 9L 233, 061 76 A c t of Februa r y L4,137L. • Widows and others. $21, 289 09 3, 569 32 34,606 15 9,170 41 209, 493 56 3,134 39 20, 250 82 59,34L 02 15, 262 .37 28,246 51 34,744 88 . . 26, 885 18 ],343 97 21, 807 08 7, 989 29 18,701 18 . 15, 626 07 6,131 13 12, 058 62 20, 195 87 17, 484 58 9, 448 20 61, 929 24 41,626 09 37, 432 27 40, 319 78 35, 834 34 14.538 35 38, 760 86 55, 567 87 55, 826 67 55, 838 32 17, 674 02 12, 446 07 46, 663 95 52,321 42 9. .540 77 9, 552 76 32, 409 03 32, 820 90 9, 568 93 165,149 91 146,423 .30 48, 748-.38 32,182 84 67, 127 2<r 52, 998 66 1 $74, 804 61 10,011 01 268,794 11 2L, 189 09 271,656 43 41. 897 79 244, 643 38 532, 975 3L 152, OLl 49 250, LOL 4835.1, 287 65 224, 740 99 9,922 12 216, 083 27 79,900 18 265, 233 85 243, IL2 55 50, 189 18 122, ^03 70 193, 353 15 208,118 21 122, 378 05 25U, 684 79 181,560 49 164,588 54 48, 129 07 220, 889 75 205,601 44 233,966 71. -799,298 69 192, 384 44 408, 866 88 138, 490 38 123, L61 26 228,860 71 299, 729 3 L 64,419 80 148, 069 45 46, L37 58 221,388 97 70,751 16 77L, 487 19 669, 753 42 146, 155 20 167,625 8^ 383, 675 69 303, 038 55 Total. . $113, 627 08 16, 399 43 435, 420 87 . 66, 351 23 741,704 35 72,59101 453, LOO 77 943, 476 57 273, 992 20 4L7, 141 59 769,744 73 437, 358 66 15, 693 40 408, 590 32 149,220 50 415,916 5L 379,656 22 89,611 90 219,017 30. 351,401 13 370, .370 75 268. 163 30 379, 63 L 38 289,370 61 270,276 L4 119,647 88 417,272 8L 359, (J6ia 84 448,305 25 1,384, L9L 87 375, 97 L 24 7.55, 901 09 258, B39 16 234, 3.54 64 408, 527 94 485, 528 17 109, 601 30 276, 755 99 85, 068 24 •431,366 38 121,679 23 1,499,013 77 1, 377, 633 72 ,285, 423 26 3L6, 64L 64 - 760, 393 84 • 590, 026 97 tn H ^ o w H ot?1 H w H •^ )—( ^f> ^ Q 02 North Carolina. . Nebraska ' N e w Mexico . . . . Ohio Do Do Oregon Pennsylvania . . . Do Do Rhode Island Tennessee Do Do Vermont Do Virginia W e s t Virginia . . . Wiscousiu Do Do Washington. Ter. Total . Raleigh Omaha Santa F 6 . . . . Cincinnati Cleveland Columbus Oregon C i t y . Philadelphia. .-..do Pittsburgh... Providence... Knoxville Nashville./... .-.do Burlington;... Montpelier".., Richmond Wheeling L a Crosse Milwaukee... Madison Vancouver . . . Ch.i.rles H. Belvin . . S. S. Caldwell E : W . Little Charles E. Brown . . . S e t h M . Barber J o h u A. Non-is Henry Warren H . G . Sickel D. R. B. Novin J a m e s McGregor — Charles R. B r a y t o n . D. T. Boynton William J. Stokes . . . W.Y.Elliott J. L. B a r s t o w Stephen T h o m a s Andrew W a s h b u r n ., T. M. Harris J o h n A. Kellogg E d w a r d Ferguson . . , Thomas Reynolds . . . S. W . Brown , 183 50 300 919 549 85 00 80 70 82 11,060 82 494 85 300 00 80 40 184 02 695 106 100 757 505 363 535 40 70 00 23 16 28 00 .15, 392 52 30, 447 82 3,851 40 475, 768 89 317, 373 25 298, 991 85 5,162 30 952, 059 10 364, 980 85 47,622 10 91,377 71 26,011 62 5, 676 99 93, 034 34 JL4,-692 64 . 28, 463 19 154, 267 32 63,616 OL 176, 543 59 121,.357 76 3,898 11 10, 579, 954 62 • 45, 539 87 2, 814 66 144 00 87, 261 24 64, 250 27 76, 536 '68 3,753 31 98, 748 45 50, .244 71 61, 659 76 8, 184 48 62, 003 60 83,742 41 19,779 11 18,613 47 26,716 23 186, 029 34 75, 560 64 8, 479 14 15 370 86 16, 102 57 759 99 2, 782, 976 45 73, 283 71 19, 699 31 2, 953 73 667, 750 68 376, 202 82 454, 171 12 4,484 42 16,691 28 1, 287, 799 97 471,022 63 97, 328 66 301, 550 57 123, 651 02 31, 238 45 123,016 86 141, 683 69 52, 505 90 279,789 31 94, 674 62 260, 175 13 196, 872 79 1,195 92 15,521,865 55 1.34,216 10 5.3, 150 64 6,999 13 1,235 081 61 759, 746 04 831,249 47 13, 400 03 1, 078, 559 65 1,338,044 68 • 900,158 09 154,435 24 455,012 28 233, 589 07 56, 694 55 235, 360 07 284,199 26' 267, 098 43 511,.374 50 167,274 93 453, 452 86 3.34,868 12 5,854 02 26, 958, 852 95 O IN::) 216 REPOirr ON THE FINANCES. COLLEGTION DIVISION. The following statement shows the work of this division during the months named: , ^ . Special cases. i • Month. 03 • ti o s • c a P3 • 1872. .• July 'Vugust .October . • ^330 470 „ 226 ua li a 03 1 p Cl o o. <3 o > 1 ]23 89 140 194 207 153 162 .. 162 100 672 627 328 294 291 137 80 226 554 1 792 200 444 102 194 65 52 78 124 31 164 256 146 188 141 131 263 335 117 379 250 307 3 666 6, 883 2, 148 7, 193 7.126 7,542 433 479 317 449 476 308 253 222 222 169 149 2L7 1, 306 1, 932 2 381 38, 53 L 3,828 1 847 . 76 80 December 1' 'bD a ^ 1873. 0auuary March A pril May June. .. ... . 93 ...... ........ 'Total .... .. . . .... . Number of cases reported for suit, 2. BOUNTY-LAND AND PENSION. DIVISION, WAH OF 1 8 1 2 . During the fiscal year ending 30th of June, 1873, 11,201 pension claims, act of February 14, 1871, have been examined and returned to theCommissioner of Pensions for his action. Seven hundred and fifty-one bounty-land claims have been examined and reported-to the Gommissioner of Pensions. Four hundred and thirty-nine letters have been written on subjects connected with the war of the Eevolution and the war of 1812, The work of the division is up to date, so that the mails of the day may be answered on the succeeding day. ^There are ten lady copyists assigned to this office, and this number seems to be sufficient for the discharge of the duties required of them. The number of pages of difierence-sheets copied was 4,585.; compared, 4,675. The number of pages of miscellaneous papers copied was 6,226 ; compared, 9,813; letters copied, 4,062; compared, 6,879; total pages copied, 14,873 ; compared, 21,367; names indexed, 27,514; money difference-sheets registered and copied, 698; property difierence-sheets registered and copied, 349; engineer difierence-sheets registered and copied, 44; miscellaneous papers copied, 1,039. The number of settlements added to the files during the fiscal year is 10,226, viz: settlements certified by^ Second Comptroller—accounts of disbursing quartermasters, 1,276 ; of commissaries, 1,238 ; of agents for paying pensions, 183 ; of engineer officers, 57 ; of officers of Freedmen^s Bureau, 13; miscellaneous claims, 2,661; and returnsof quartermasters' property, 4,798; total, 10,226. The quantity of matter now on the.files is enormous, being estimated at 125 tons in weight. Another room, containing 3,300 feet of shelving, has been assigned to this office, and it is probable that this is all that will be required this year. The pension THIRD AUDITOR. . 217 accounts will, for the next ten years, probably require more room than .all others. The larg<e file-room has been furnished with extinguisliers, and great care is taken to guard agaiust fire. The tiles are in good condition, and, I am glad to say, the men incharge of them are careful and attentive to the trust committed to them. The act of Gongress approved June 23, 1870, to authorize the settlement of the accounts of officers of the Army and Navy for losses of funds, vouchers, and property during the war of the rebellion, and extended for two years by the act of June 7, 1872, will expire by limitation June 23, 1874. It is believed that within the period covered by the extension all the urgent cases requiring-relief under said acts will be adjudicated. Nearly one year remains during which said acts'will be available, though it is impossible to say whether these acts will afibrd sufficient time to enable all worthy claimants under them to take advantage of the relief they afibrd. It is suggested that a general law might with propriety be recom-. mended for the favorable action of Gongress, giving the accounting officers, ih conjunction with the proper military bureaus having administrative action on the accounts and returns, equity jurisdiction for a limited amount, to enable them to close accounts without recourse to Gongress for a special act of relief in each particular case. In this connection it may not be improper to ask attention to the report from this office for the fiscal year ending June 30, 1868, showing statement of balances standing to the debit of officers arising ont of advances made between May, 1792, and July 1, 1815, (Finance Eeport, 1868, pages 75-127 inclusive.) These balances are generally for small amounts, and the accounts have stood open on the books since 1815—nearly sixty years. As there does not appear to be au}^ probability that any portion of the inoney thus charged vfill ever be recovered, I respectfully renew the recommendation made in that report, and refer to it liow as an additional reason for granting the equity jurisdiction above suggested. Claims for services rendered in the Quartermaster's Department, and filed under the law known as the eightrhour law% act of May 18, 1872, and the President's proclamation of May. 19,^ 1869, have been received. Much difficulty has been experienced in fixing upon a proper basis on which settlements can be made. It seemed necessary that all claims accruing under the act should be received before action should be taken on au}^ of them. This course appeared to be necessary for the reason that owing to the fact that Army officers frequently changed their stations, and the name of a claimant was liable to appear on the rolls of two *or more officers for the same service. In this way unintentional errors were liable to be made. To avoid confusion and liability to errors of this sort, it was deemed best to have each chief quartermaster forward the rolls of claimants for reduced pay, and also request them to notify this office in cases where no just Claims under said act exist. All the rolls have not yet reached this office, but as soon as they shall be received, settlements will be made promptly, and little if any delay is anticipated in their final adjustment. During the year nearly all of the claims made by employes of the Engineer Corps, under the actof May 18, 1872, known as the ^'Eighthour law," and numbering several thousand, have been adjusted, and disbursing officers are now^ engaged in paying the men entitled to extra coinpensation under that law. The number of claimants and the total amount paid canuot yet be ascertained, owing to the fact that the approved rolls' are in x3ossession of the difierent disbursing officers and will not be forwarded to this office until the men are paid. 218 .\ REPORT ON THE FINANCES. The experience of each new year demonstrates more clearly the necessity of a limitation upon the time wTithin which claims may be presented to the Executive Departments. Gongress has deemed it wise to make a limitation in respect to claims presented to the Commissioners of Claims and the Court of Claims; and there is, I believe, no State in the Union which has not made such provision in respect to suits between individuals. The Government needs such protection much more than an individual, for the latter generally has such personal knowledge of his business as will put him upon his guard when fraud is attempted against him, while the Government transacts its immense business entirely through agents or officers, w^hose stations are often changed. Frequently its agents or officers, .after quitting its service, are not disposed to neglect their private pursuits to bestow time and labor gratuitously in protecting the Government from imposition ; and often, when they have the disposition, lapse.of time will so impair their recollections that they can give no information of value. Every day-s experience shows how difficult it frequently is to procure on behalf of the Government definite and reliable evidence in respect to ancient transactions on which stale claims are founded. Under such circumstauces it is comparatively easy for claimants, by exparte evidence secured at their own leisure, and with no check of cross-examination, to bolster up deniands which are either wholly unfounded or grossly exaggerated. . A proper limitation would seem to be three years from the time w^hen the claim accrued, with one year after the i:)assage of the act in case of claims which accrued mpre than two years previous to the passage of the act. If it be thought that this is allowing but a short period for the adjustment of such claims, it should be considered that the creditor of the Government always knows where to find his debtor, and that the debtor is alw^ays willing and able to pay just demands. I invite your attention particularly to claims uuder the act of March 2, 1861, which provided for ]3ayment of expenses incurred in the Indian hostilities in Oregon and Washington Territories in the years 1855-'56. Seventeen years have passed since the close of the war, and during more than twelve years the law has been in force authorizing the adjustment ofthe claims. Very few claims are now being presented, and it seems advisable that only a short period—say one year—should be longer allowed for presentation cf claims under this act. I take great pleasure in bearing testimony to the'general faithfulness, industry, and fidelity displayed by the clerks employed in this' office during the past year, and trust the day is not far distant when the labors they have performed for the Government will be properly appreciated by Congress, and a fair increase of the inadequate compensation allowed in soine cases wdll be granted. . It is not creditable to the Government that faithful and useful clerks in the Auditors' offices who perform identical duties of equal responsibility w^ith others, should be more meagerly paid than the clerks in oifices which have been recently re-organized. It is true that the salaries of the fbrmer were long since fixed, and have not been changed, but justice and fair dealing alike require that this inequality should be promptly corrected, and I trust this matter Avill receive early attention. Eespectfully submitted. ALLAN EUTHEEFOED, Auditor. Hon. W I L L I A M A. EICHARDSON, Secretary of the Treasury. EEPORT OF T H E FOU R T H A U D I T O R . EIilPORT HE FOURTH AUDITOR.OF THE TREASURY, TREASURY- DEPARTMENT, Fourth Auditor^s Office, August 29, 1873, SIR : In accordance with your request of the 7th instant, that I should forward to you the annual report of the operations of this office for the 'fiscal year ending June 30,1873, I have the honor to transmit the following tabular statements, in which is embraced the information desired, I.—PAYMASTERS' DIVISION—GEORGE L. CLARK, CHIEF. Statement of accounts, including Marine, received and settled in the Paymasters^ Division front. July 1, 1872, to June 30, 1873, with the aniount of cash dishursed in those settled,_and the numher of letters received and written in relation to the same. P.VYMASl'EKS' i\ND MAKINE ACCOUNTS, A.ccounts Accounts received. settled. Date. Letters received. Letters written. 27 36 27 23 27 28 96 119 69 92 81 • 85 113 16L 115 51 25 28 43 36 19 38 31 40 33 32 39 383 381 Cash disbursements. • 1872. July August . . . October November ..... . /. ...SL.. 42 33 21 40 28 17 - 101 101 $732, 264 ^ l , 241, 789 809, 642 346, 394 883, 316 1, 203, 244 52 25 90 36 48 22 126 97 72 102 137 73 178 118 82 156 135 1.34 ],.575,956 1,866,836 2,075,044 1,481,611 4r8, 649 2, 156, 439 44 17 12 74 40 8» 1,149 1,491 1873. Jauuijiry .. ........... March April Mav Total 14, 797, L89 49 Nuraber of unsettled accounts on h a n d J u l y 1, 1872, 9 ; n u m b e r of unsettled accouuts on hand J u n e 30 1873, 1 1 ; average nuraber of clerks employed in the division, 12. JO t o ^ 'IS. CO t o to 0< 05 O >— *. o o O I to' * . C7> >*». ^tOj-" J3550j*»I-' 00 tn —' oo ^ CO to v— CO to to • CO o to o to tn COrf^to >-• t • • /— CO O CO c O CO iJ 00 to CO l-" o V j o 00 to ^ ^ to Ol CO 00 H- CO fO O OT *. _pt jc>. J-" _tn _to p T )-• CO 00 tn tn o tn CO COrfi.F— CO 00 <} ^ 00 o tn to >- <?CO<JODCOOO >— O CO CO 0 , 0 0 CO »fc- ~.? t orfi.CO 0>-{0 - I t o >+!' CO cn to <? tnrf^oo •-' I-- CO O CO t o C3> JO c>; Ol /— CO rfi. CO CO CO »— 00 ^ 00 cc I-" CO 05 (X) ^ CO t n I— t o CO I " Vl - ^ 0> O r-' t o ^ t o t o t o Jx 05 fo *. o^ o cn t o o t n .-3 C3> CO 0 •&. ^ cn CO t n o 05OTCO o ^^ ^ c o c o <? I— CO (-" CO t n i-* ^ ^ ^o Ol ..^ «D CD »N3 Oi t o > - i-- >- c o c » B b CD = CD O n tt CJ C indexed. re- Letters vvriften . b y record division. Dead-letters gistered. Names indexed and double indexed. Letters Letters referred to other bu• reaus. Letters filed. L e t t e r s recorded. Letters w r i t t e n ; keyed out. Letters received; • k e y e d in. o 1 ^ .t^ H-i <^ S K o o o a • Ul ^ § 2~ Bt ^ o B X s» a >g 1^B" > s OOT §i ll s s? c^g p.a . ^ o COo t n r-' . CD ^ 6 o SV. § § • <^ S-g: S?^ ^^ iI CO- <i §S^ • 6 s^^ b 1—( « . >5j -^ 25^ Sij ^ ^ o ' 'a ^^^§& ,?5^§ o? ' S ' o 5 < O' 2.CP5 C £ S L & ' p ' p o'-® c ? ^T3 -- CJJ CO *» CO O I- tntOOOCnOOCOtOOOhl^COcO C» >-' ^ - ' ^ - ' ' - ' C O C O t O — < ! <lCOCO^--?4i.OOltOCOOlfOCnCOOOI—'to<?cocoto O 0 0 0 l C ; i O 0 5 < J C T 3 H i . O O 4 i > O < J to C 0 0 5 0 0 ^ r f i . O co^tococotocooitncototOr ^co_to _w^v-'_io_v-'_copo_coj-'_toj-' .^-'_^o>JJJ o c o CO c o t n ^ j M to J i ' C r i t o o t n a o t o c x j i - ' ' - ' 0o ^ 0000>*''vl00 — — r C^'OiO^COOtOCOtnOOJOl C» hP. o o c o c o o « * > - c o i - j o o o o o to j^OiOTJi'to aj--.i i-j to coto. coco V-i COtOCO.^<JtO )-'i-'tOtOtO<}COCO<? ooooJi-oo5CiCotoi-'CotooototOrfi.too5>tiC:;co6a ^^'^^^ cr; -. Total disbursements. Amount disbursed to widows. Amount disbursed to inavlids. Nuraber of N a v y widow pensioners. N u m b e r of N a v y Invalid pension-, ers. H ^, o o o d > o !^ CD M O Co 1-3 tS 8. If • s^§ : CO 1-* ?i ?i CCS ^ i2j H O w to •W I—* o o o o b CQ .o HH 2 • w I o u O Ul I LsS* IN:; FOURTH 223 AUDITOR. -^ly.-PRIZE-MONEY AND MISCELLANEOUS DIVISION—BENJ. P. DAVIS, CHIEF. Statement of the work xierformed hy the Frize-money and Miscellaneous Division during the fiscal year ending June 30, 1873. Prize-lists. Letters. to Amount paid. 1 t uri 2^- Date. Claims. o OD 2 A m o u n t appropriated. 5l It II .§1 ol if . o W O Prize-money. •S ^ .a a <D 59 24 205 26 33 20 30 2"8 172 21 35 22 $15,071 5, 849 142, 225 2, 674 6,679 5, 034 P 33 •13 79 12 88 18 13 36 13 99.. • 10 89 258 • 28 218 35 299 30 • 622 101 361 62 314 32 25 27 26 31 23 10 4, 544 173, 069 26, 347 6,130 3, 979 1, 557 50 76 39 30 33 81 1872. July August 1 2 $210, 644 69 1 1 1 1 1 1 .2, 371 67 4 5 438, 787 78 255 336 435 255 274 231 266 247 268 203 153 177 October November December •1873. Jauuary March April May Juiie . . . . 247 248 233 539 328 261 198, 251 42 27, 500 00 ^ '. Total 3,170 • 3,858 655 . 450 17 • 15 21 15 23 20 393,165 33 190 179 In addition to the above this division is charged with the duties of preparing tabular statements and reports called for by Congress and the Secretary ofthe Treasury ; keeping a record of appointments, resignations, removals, and absences; receiving and distributing the stationery used by the office, and the payment of salaries to employes. Average nnmber of clerks employed, 2. v.—GENERAL CLAIM DIVISION—A. C. ADAMSON, CHIEF. > I Date. a "cS O 1872. . On hand .Tune *'^n July August .. . . . . ... September , . . . . . . October November ... . ...... December -- . 1.1 ri ri 1 1 a .2 S I o o a • 1 92 112 127 153 200 187 227 103 128 149 165 177 137 164 95 223 -• 180 177 166 201 119 167 230 158 173 III 5.2 a •s|f !H CO O 2 $20, 439 58 30, 431 67 17, 628 97 13.851 .52 15, 988 74 20, 907 29 502 462 463 511 435 574 3.5 24 15 15 26 " 23 11 2 2 1 ] 1 567 280 729 565 654 '507 40 • • 10 14 16' 22 56 1 1 1 2 2 Namber of reports on applicatious for admission to Naval Asylum. Statement of the loorlc p)&^formed by the General Claim Division for the year ending June 30, 1873. . 1 1 187.3. February March April May June .... .; : -- - Total . 2,103 • 1,907 . 19,221 5, 637 10.861 36,617 14,469 11,455 96 32 .56 86 23 82 217, 511 72 • 6,249 Average number of clerks employed, 6. 296 25 2 2 6 224 REPORT ON T H E ^ FINANCES. VL—NAVY AGENTS' DIVISION—VVILLIAM F. STIDBLAM, CHIEF. Statenient of the worh performed hy the Navij Agents' Division for the fiscal year ending June 30, 1873. A m o u n t involved. •^ ^ July • August September October November December 1872. --- .-. $363, 946 2,829,215 46, 638 234, 404 235,087 73,121 15 45 40 38 14 08 148 170 111 150 149 129 130 125 132 128 145 131 1, 084,137 723, 547 270, 692 2, 743, 645 271,658 499,751 15 09 29 79 65 60 122 117 138 177 172 146 153 97 141 178 365 140 1873. .January . . . t February March April... May June Total 9, 375, 845 17 1,729 ALLOTMENT ACCOUNTS. a^ S^ ^V. ' fl s ^ a S'-S Date. s^ "S§ ~ o < z <-'2 \\ J u l y , 1872 August, 1 8 7 2 . . . September, 1872 October, 1872... November, 1872 December, 1872. • 24 Total . . . . 405 30 68 50 107 126 76 74 81 80 88 J a u u a r y , 1873. F e b r u a r y , 1873 March, 1 8 7 3 . . . April, 1873 May, 1873 , 1 J u n e , 1873 42 441 11 Total.... Statement of the amounts paid hy Navy agents for allotments during the year 1872. NewYork.... Boston PLiladelpliia Washiugton Portsmouth ...' Baltimore San Francisco Total. -. $75,063 50,887 44,857 25,582 : . -• " 5, 632 10,851 7. 516 :..'.... 00 00 50 00 00 00 50 220,389 00 Accounts remaining on hand June 30, 1873, 8 ; average number of clerks employed, 6^ ; number ot* vouchers examined, 24,090. • FOURTH AUDITOR. 225 VIL—BOOK-KEEPERS'. DIVISION—PARIS H. FOLSOM, CHIEF. Statement ofthe worlc performed in the Booh-lceepers^ Division for the fiscal'year ending June 30, 1873. rn • ^ c<i> Date. ii si S ^^ Total •r.'^ cc d r3 > 1 sg , Si .1 ac3 ,0 a ^ ^* Q ^ :... 13 r s <r> 0 N 0 0 >^ J3 aS3 ' 1873. January February March April May J u n e J. fH CS X3 1872. . July August September Octobei' November December § © a o 13 M Xi 0 • ^q S ,K] ^V s£ >iS <) 0 bD a 1 ^ > 1 a 1 d d M w 0 .< < 121 122 149 109 144 138 $3, 096, 300 1,814,968 3 100 720 2 240' 590 2, 15.=), 920 2, 135, 858 97 01 87 33 21 44 13 14 • 9 14 23 9 $66, 478 69, 692 326 085 63 993 89! 377 66, 024 16 46. 22 62 64 08 164 138 134 135 124 129 218 173 261 148 173 177 46 94 113 6L 32 43 16 16 10 25 269 474 3 5 3 108 103 99 149 125 163 1,34.5,676 1,681, 187 2, .561, 747 3, 159, 001 1,997, 1.38 2,306,624 81 51 80 97 25 18 9 10 3 25 26 3 109, 748 232, 084 4.59,381 1,139, 620 . 576, 331 .568,915 25 34 79 50 50 38 148 113 1,36 166 130 150 220 184 1.91 196 183 179 77 55 92 261 55 100 129 58 41 103 36 22 • 99 3 3 1 4 6 99 3 3 1 4 6 27, 6.55, 735 35 178 3, 767, 732 94 1,667 2, 303 1,591 778 140 140 1, 530 Average number of clerks employed, 6i. 173 1 The system and order in the arrangement of files and papers which prevail in the office, the modes of transacting bnsiness, the keeping of the books, the promptitude with wliich claims and acconnts have been settled, and the amount of work accomplished, may be mentioned with satisfaction. 1 am pleased again to acknowledge the co-operation I have receivedfrom Mr: Moore, my chiet clerk, aud from other able and faithful clerks. . I have the honor to be, sir, with esteem and respect, very respectfully^, your obedient servant, « STEPHEN eT. W. TABOE, . '. AitdUor. Hon. W I L L I A M A, RICHARDSON, Secretary of Treasury. 15 P REPORT OF THE FIFTHAUDITOR. EEPOET OF THE FIFTH AUDITOR OF-THE TREASURY. TREASURY DEPARTMENT, F I F T H AUDITOR'S O F F I C E , Washington, November 15, 1873. S I R : Herewith are submitted the tabular statements of the operations of this Office for the fiscal year ended June 30,1873. There have been thirteen thousand and fifty-three (13,053) letters written, two hundred and thirty-one thousand two hundred and eighty-nine (231,289) vouchers examined, and fifteen thousand seven hundred and ninety-nine . (15,799) accounts adjusted, involving $829,742,602.42. In view of anticipated reduction in the amount of work for the future, no first-class vacancies have been filled, except by the transfer of temporary clerks to the permanent roll. The nine temporary clerks heretofore provided for this Office will be no longer required. The increased number of accounts adjusted, with a reduced number of clerks, and the increased amounts involved, show the efficienc}^ of the clerical force has not been diminished. Very respectfully, J. H. ELA, Auditor. Hou. W I L L I A M A. EICHARDSON, Secretary of the Treasury. A.—Statement of the expenses of all missions abroad, for salaries, contingencies, and loss hy exchange, from July 1, 1872, to June 30,1873, as shown hy accounts adjusted in thi s^ No. Mission. 1 9. J u l i u s White, minister D. E . Clapp, charg6 d'affaires Salary. Contingen- Loss b y excies. change. Total. ARGENTINE REPUBLIC. , • $1, 875 00 1, 500 00 • $30 98 574 20 3,375 00 605 18 12, 000 00 1,800 00 1,135 25 13, 800 00 1,135 25 14,935 25 7, 500, CO 657 35 8,157 35 12,000 00' 1, 800 00 413 19 13,800 00 413 19 $3,980 18 AUSTRIA. 3 4 J o h n J a y , minister J. F . Delaplaine, secretary of legation ....;. BELGIUM. 5 J. R. Jones, minister . BRAZIL. 6 • 7 J. R. Partridge, minister R. C. Shannon, secretary of legation 14,213 19 230 REPORT ON T H E ' FINANCES. L.^-Statement of the exxienses of all missions abroad, cfc.—Coutinued. Missiou. No. Salary. Contingencies. Lo.ss b y exchange- Total. BOLIVIA. R q ^531 99 $4,100 27 3, 805 64 $307 79 65 02 7, 905 91 372 81 53 L 99 $8, 810 71 10, 000 00 346 70 895 47 11,242 17 12, 000 00 5, 000 00 500 00 2, .573 41 870 30 CHILI. 10 CHINA. 11 19 • • 17, 000 00 500 00 .3, 443 71 20,943 71 7, 500 00 •258 73 107 06 7, 865 79 7, 500 00 279 64 186 91 7, 966 55 7,500 00 504 84 741 60 8, 746 44 COSTA R I C A . 13 DENMARK. 14 ECUADOR. 15 E. R. Wiug, minister FRANCE. 16 H 17, 500 2, 625 2, 308 2, 000 1,500 18 '19 00 • 00 96 00 00 25, 933 96 4,055 38 4, 055 38 29, 989 34 .'..- GERMAN E M P I R E . 20 21 17,500 2, 625 1, 4.38 2, 000 275 29 1 00 00 75 00 14 4, 604 08 23, 838 89 4,604 08 •• 7,500 00 440 18 247 35 6 31 253 66 28,696 63 GREECE. 93 7,940 18 GREAT BRITAIN. 94 95 R. C. Schenck, mini-ster 9fi W . H . Cheesebrough, assistant secretary 8, 750 2, 625 1, 450 2, 000 00 00 40 00 16, 453 94 2, 680 63 14,825 40 19,134 ,57 3,790 11 683 20 7, 500 00 142 44 7, 500 00 192 60 7, 500 00 481 17 33, 959 97 GUATEMALA. 97 380 00 4 853 31 H A W A I I A N ISLANDS. 98 H. A. Peirce, m i n i s t e r . . ! j 7,642 44 IHAYTL oq E . D . Bassett, minister •. 63 21 • 7, 755 81 HONDURAS. 30 H . D . Baxter, minister , 7 981 17 FIFTH 231 AUDITOR. A.—Statement of the expenses of all missions abroad, ^"C..—Continued. Mission. No. Salary. Contingencies. Loss by exchange. Total. ' ITALY. 31 32 G. W^^ W^urts secretary of legation $6, 000 00 1, 800 00 $6, 281 89 9, 800 00 6, 281 89 12, 000 00 2, 500 00 2, 500 00 966 77 1,034 90 204 59 204 86 17, 000 00 966 77 1,444 35 18, 311 12 3, 507 00 298 24 40 40 3,845 64 12, 000 00 1,800 00 1,286 82 13, 800 00 1,286 82 15, 086 82 7, 500 00 438 24 7, 938 24 11,250 00 122 46 6,758 24 236 02 $16,081 89 .JAPAN. 33 C. E. DeLong minister 34 . E DeLoner Tiprrv secretarv of legation ... 35 N E . R i c e internreter ' ...... .. LIBERIA. 36 M. J. T u r n e r minister . MEXICO. . 37 T. H. Nelson, minister NETHERLANDS. . 39 PARAGUAY AND URUGUAY. 40 11, 682 96 310* 50 NICARAGUA. 41 C N Riotte minister 6, 994 26 ^ RUSSIA. 40 J. L. Orr, late ministeJr 43 3, 356 16 6, 495 92 880 87 9, 852 08 880 87 10,7.32 95 7, 500 00 190 42 7, 690 42 12, 000 00 1, 800 00 ^6, 596 65 306 32 13,800 00 6, 596 65 306 32 20, 702 97 7, 500 00 804 75 370 71 8, 675 46 7, 500 00 304 46 7, 500 00 4, 214 -79 1,875 00 84 10 2, 439 56 66 20 .. SALVADOR. 44 SPAIN. 45 46 D. E. Sickles, minister SWEDEN. 47 SWITZERLAND. 48 7, 804 46 TURKEY. 49 11, 870 37 155 .58 VENEZUELA. 50 ' 1,959 10 CENTRAL AMERICAN STATES. 51 2, 505 76 U N I T E D STATES OF COLOMBIA. 52 1,944 80 1,944 80 = 232 REPORT ON T H E FINANCES. A.—Statement of the expeuses of all missions abroad, ^"C.—Continned. Salary. Mission. No. Contingencies. Loss by exchange. Total. U N I T E D STATES D I S P A T C H A G E N T . 53 B. F . Stevens Total $2, 000 00 $20, 032 50 32.5, 795 95 57. 579 99 $22, 032 50 $9,231 47 392,607 41 1,112 39 • 355, 334 50 U N I T E D STATES BANKERS, LONDON. 54 Clews, Habicht & C o REMARKS. " 9. Inclusive of salary while receiving instructions and for transit. 17. Salary wbile actiug as charg6. 24. Private amanuensis aud cable dispatches includedin contingencies ; accounts for first and second quarter- of 187,3 not received. 31. Accounts for first aud second quarter of 1873 not received—$6, OOO-^for moving legation from Florence to Rome, included in contingent expenses. 50. No accounts received for three quarters. 53. Amount of coutingeucies not included in total of the other accounts, as they already contain the same, B.—Statement of consular fees, consular salaries aud emoluments to ofiicers, and loss by exchange for the fiscal year ended Jane 30, 1873. Cousulat.es, consular agencies, &c. Salary and emoluments. Fees. Loss. $2, 000 00 $1,132 27 1, 875 00 '"2,'i87'50' Alexandria. . Algiers Alicante 4, 290 76 1, 500 00 175 27 437 07 52 50 175 27 Amoor River A m o y . -•..• ... Amsterdam Nieuwediep . Ancona Antigua ..... Antwerp.... Apia Archangel.Aspinwall Augsburg 2.50*00 3, 000 00 1, 000 00 135 23 68 26 10 2,584 1,182 135 68 2,500 qp 1, 000 00 2, 816 18 141 05 2, 760 83 13 L 25 3, 920 29 131 25 Acapulco Aguas Calientes . Aix-la-Chapelle.. 491 50 Cologne . A u x Cayes . Bahia Bangkok B irbadoes Barcelona Tari-agona , Barmen Crefeld Dusseldorf.. Basle Olten . . .• Batavia Bathurst B a y of I s l a n d s . . . Christchurch Beirut Belfast, , Baliymeua . . . Belize Bergen .Berlin $80 62 119 39 Remarks. No returns. Accounts for second quarter 1873 not received. Inclusive°only of first quarter,-1873. .Returns incomplete. Inclusive of salary of consular clerk. Inclusive ouly of third quarter 1872 and . secoud quarter 1873. No returns for other _ quarters. / Noreturnsreceivedsince September 30,1872. • 30 14 71 23 26 No returns. 500 00 750 00 No returns. Inclusive of transit salary. Returns for first and second quarters 1873, not received. Reports from agencies not received; Accounts for second quarter 1873 not received. 678 11 705 44 3, 000 1,587 1,500 301 2, 000 00 28 00 20 00 144 1, 587 288 301 6, 734 75 28 76 20 00 1, 902 1,142 2, 000 2, 010 1, 000 77 1,000 SO 2, 000 . 2, 164 329 '530 116 4, 006 59 00 00 68 00 18 00 41 00 84 00 18 50 40 3, 185 1, 142 . 3, 309 2,840 923 77 620 80 143 10, 713 329 530 116 9, 295 50 00 '50 00 29 18 94 41 02 73 00 18 50 50 713 81 No returns received from agencies. '".57" 78' ""98'63' Inclusive of additional compensation allowed when fees reach $3,000. 36-99 17 21 '113'79 Report from agency not received. Return for second quarter 1873 notreceived. Returns from agencies incomplete. Inclusive of instructiou. salary. No returus from agencies. FIFTHAUDITOR. ' 233 B.—Statement of consular fees, consular salaries and emoluments to officers, cfc.—Continued. Consulates, consular agencies, &c. Bilbao Birmingham Leicester Kidderminster . . . Redditch Wolverhampton. Bogota Bombay.... Bordeaux Pan Bayonne i. Bradford Salary and emoluments. Remarks. N o returns. $2, 500 00 $11,480 02 1,802 25 1,768 50 1,222 00 1,222 00 1, 009 50 1, 009 50 925 00 925 00 43 50 43 50 218 00 218 00 6, 561 44 2, 000 00 118 00 118 00 22 00 22 00 3, 015 47 14, 951 00 Bremen Geestemunde. Brindisi Bristol Gloucester . . . Worcester Brunswick Brussels Bucharest Buenaventura Buenos Ayres Cadiz Cairo 3, 000 00 2, 000 00 1, 500 00 1, 200 26 383 08 3, 400 50 2. 389 68 21 25 1,200 26 383 08 2, 424 50 3, 701 14 2, 424 50 4, 182 50 2,122 25 1,500 00 89 00 4,267 20 1,542 67 . 89 00- Calcutta. 6, 845 75 5, 553 72 Callao Camargo Canea Canton Cape Haytien Cape T o w n • P o r t Elizabeth Carditf •. Llanelly , Milford Haven Newport Swansea Carlsruhe • Mannheim Kehl Carrara Carthagena, U n i t e d Stat^js of C o l o m b i a . . . Carthagena, Spain Ceylon .Chee-Foo Chemnitz 3, 500 00 195 28 1,000 00 4, 000 00 1, 000 00 1, 000 00 542 36 2, 852 02 37 50 10 1>5 459 92 195 92 2, 259 75 759 50 322 50 590 00 3, 592 42 195 2,8 1, 353 37 624 94 485 17 542 36 2, 852 02 37 50 10 15 459 92 195 92 2, 259 75 - 759 50 322 50 590 00 500 00 400 84- 1,000 00 858 31 1,164 84 632 96 858 31 4,154 50 No report from agency. lyo. 11 58 R e t u r n for second quarter 1873 not' received. Returns from agencies incomplete. Inclusive of transit salary. 100 00 414 63 N o reports received from the agencies. Returns from agencies incomplete. Accounts for first lind second quarters 1873 uot i-eceived. Inclusive of first and second quarters 1873 only. T h e returns for third a n d fourth quarters 1872 not received. 168 00 3,147 15 224 00 230 50 Clifton 2,000 00 5, 063 00 • St. Catharines.. Coaticook Lineboro , Hereford Potton ^ Stanstead Georgeville Cobija Colonia 278 50 2, 000 00 1, 721 00 270 00 147 50 347 50 98 00 278 50 6,381 75 1,721 00 270 00 .147 50 347 50 98 00 Constantinople . Copenhagen . . . Coquimbo..' Caldera Cork Waterford.. 75 51 Do. 3, 000 00 • 224 00 230 50 Comayagua and Tegucigalpa Amapala Accounts for second quarter 1873 not received. N o returns. Chihuahua . Chiu-Kiang Christiania Ciudad Bolivar . $29 18 131 76 R e t u r n s for first and second quarters 1873 not received. Inclusive of additional compensation allowed w h e n fees reach $3,000. Do. 11 42 11 42 No returns. No returns from agency. Account second q u a r t e r 1873 not received. 163 28 163 28 No returns. Returns for third and fourth quarters 1872 not received. 3; 000 00 332 00 .339 75 332 00 No returns. Do. 2, 000 00 47 57 1,158 86 47 57 234. REPORT ON T H E FINANCES. B.—Statement of consular fees, consular salaries and emoluments to officers, c^-c.—Continued Consulates, consular agencies, «&c. Salary and emoluments. Remarks. Corunna CunKjoa . . . . Bonaire . Cyprus...,-. $75 2,249 104 500 88 47 76 00 $75 86 2,249 47 104 76 Demerara . : . . . Deuia Dresden Dublin , Dundee Aberdeen . Elsinore . . . : . . . 2,000 00 2,513 09 4,238 65 2, 257 62 2, 000 00 1, 030 75 375 00 5, 245 73 2, 257 62 7, 572 28 1,030 75 3 00 442 07 442 07 750 00' 98 7! 6 00 23 95 94 74 22 88 2, 252 50 3, 500 00 1,500 00 562 50 461 .54 98 71 6 00 23 95 94 -74 22 88 2,252 50 1,330 71 2, 382 50 562 50 317 00 3, 000 00 1, 500 00 317 00 3, 980 50 154 68 3 00 Falmouth Scilly Islands Fayal Flores Graciosa St, Jorge St. Michael , Terceira Florence Foo-Chow F o r t Erie •^ Port Rov/an P o r t Stanley and St. - Thomas ; Frankfort-on-the-Main ., Funchal Gaboon Galatza Gaspe Basin Geneva Genoa • Milan Ghent •.. Gibraltar Glasgow Goderich Stratford Gottenburg Grand- Bassa Guadeloupe Guatemala Guayaquil , Guaymas Guerrero Hakodadi Halifax •Hamburg Harburg Lubec ' Kiel Cuxhaven ^^.., Hamilton, Bermuda..*... St. George's Hamilton, Canada .?aris Hankow Kiu-Kiang Havana San J u a n de los Re• medios Havre Dunkirk Brest Rouen Dieppe . . . . . : Cherbourg Honfleur Helsingfors $32 50 No returns. 1, noo 00 18 60 Inclusive ouly of the third quarter 1872; vice-consul in charge not a citizen of UnitedStates. No returns from agency. Partial returus. No returns. No fees. . 1,.541 90 1,500 00 1,564 91 1,500 00 339 25 . 339 25 262 50 262 50 1,500 00 831 06 3, 000 00 11, 803 39 • 761 77 1, 408 33 2,012 50 2, 012 50 26 83 857 82 703 00 562 50 1, OUO 00 160 00 2, 500 00 2, 000 00 2, 000 00 1,844 25 55 78 41 50 26 83 857 82 703 00 415 90 833 26 160 00 436 06 3,803 01 9,998 35 1,844 25 55 78 41 50 2, 462 82 359 53 2,844 70 932 50 3, 000 00 721 24 8, 000 00 2, 462 82 359 53 4,366 GO 932 50 1,348 56721 24 23,815 97 893 15 6, 000 00 283 82 225 00 201 97 85 63 20 00 893 15 5, 839 39 283 82 225 00 201 97 85 63 20 00 3 92 4 82 No returns. R e t u r n for fourth quarter 1872 not received.No return from agency. • Returus from agencies not received. Accouut for fourth q u a r t e r 1872 iiot received. 229 .22 •~~5 06 132 97 Returns from agencies not received. No fees. 15 49 2, 625 00 9,195 14 Jerusalem Kanagawa Kingston, J a m a i c a . . Black River 1,500 3, 000 2, 000 103 44 00 5, 684 59 1, 927 77 103 45 00 00 00 45 R e t u r n for fourth quarter 1872 notreceived. Inclusive of salary of t w o consular clerks. 19 39 Inclusive oulj'- of third and fourth quarters 1872; the other quarters' returns no received. No returns. Accounts foi>Becond q u a r t e r 1873 not r e ceived. 15 49 Hobart Town . Hong-Kong . . . No returns from agencies. Return for fir.qt quarter 1873 not received. Accounts for first and second quarters 1873 not received. 153 57 305 22 7 83 FIFTH AUDITOR. • 235 B.—Statement of consular fees, consular salaries and emoluments to officers, cfc.—Continued. Consulates, consular agencies, «fec. Falmouth Montego Bay Port, Antonia Grand Caymans . Old Harbor San-la-Mar Kingston, Canada Bell ville Napanee Pictou Ganauoque Laguayra Laguna Lambayeque . Lanthala L a Paz, Bolivia. L a Paz, Mexico. Sau J o s 6 . . . La Rochelle.... Cognac Limoges Rochefort . . L a Union Leeds Salary and emoluments, $86 145 83 35 11 48 1, 500 1,938 843 329 00 1,125 52 12 31 25 38 14 00 50 50 50 25 00 %i6 145 83 35 11 48 1, 227 1, 938 843 329 60 441 52 12 31 25 .3,^ 14 00 50 5050 25 75 85 18 750 00 10 50 59 ,50 50 50 84 00 677 .10 61. 50 349 50 1, 689 00 1,383 50 107 50 508 84 1,162 49 1,000 00 3, 160 50 Hull . Leghorn . Leipsic... 246 16 1,500 00 3, 000 00 246 16 1,922 94 7. 777 75 Leith Dunfermline . cLiege Lisbon Liverpool Saint Helens . London Ramsgate Dover Londonderry Ludwigshafen Lyons 3,137 49 1, 955 00 1,468-50 1, .500^ 00 9, 270 37 2, 043 38 7, 500 00 29 00 2 00 495 50 1,751 00 2, 221 32 3, .502 63 1, 955 00 1, 468 50 540 93 34,210 57 3, 946 00 51,444 03 29 00 2 00 495 50 1,751 00 9, 730 53 2, 056. 30 1, 500 00 225 00 1,5U0 00 • 3, 000 00 1, 350 18 555 91 1,192 96 1,000 00 2, 933 99 1,201 21 35 35 2, 000 00 2, 002 50 2,500 00 -1, 600 00 1,500 00 -2,812 00 1, 276 93 3,143 00 1, 860 .59 225 00 138 88 29, 206 52 1,3,50 18 555 91 1, 192 96 173 46 3, 802 33 1,201 21 35 35 826 00 2, 430 00 4,991 ^6 4,121 70 2,430 91 ° 3,351 50 1,276 93 Huddersfield. SaintEtienne...:.. Malaga 1 , Almeria Malaga . . , Malta Manchester Manila -. Manzanillo, Mexico . . . ' Maracaibo :.., Maranham Marseilles Cette Toulon Matamoras S a n t a Cruz Point. Matanzas Cardenas Sagua la Grande . Mayence Mazatlan Medellin Melbourne P o r t Adelaide Merida Progreso . Messina Catania . . Syracuse,. Gioja Mexico Mier Minatitlan 677 61 1,656 1,616 1, 383 107 508 1, 000 $108 38 Accounts for second quarter 1873 not received. No returns. Return for second quarter 1873 uot'received. Accounts for secoud quarter 1873 uot received. Nd returns. Inclusive of instruction and transit salaries. 06 Accounts for first and second quarters 1873 not received. R e t u r n s f o r first and second quarters 1873 not received. Do. Inclusive of consular clerks' sa;lary and additional compensation when fees reach $3,000. Returns from agencies not I'eceived. Inclusive of instruction and transit salaries Returus imperfect. Do. Inclusive of consular clerk's salary from April 1, 1873, to J u u e 30, 1873. 13 07 No fees received at the other agencies. "7l'43 No returns from agencies. 5 20 9 15 Inclusive of instruction and transit salaries. Accounts for expenses incomplete. No returns. 4, 000 00 81 L5 110 50 2,414 77 81- 15 110 50 131 93 1,500 00 ' 70 22 11 .37 131 93 2, 556 01 . 70 22 11 .37 1, 000 00 149 50 829 94 320 50 149 .50 829 94 Inclusive only from April 14, 1873, to J u n e 30, 1873. Do. R e t u r n for fourth quarter 1872 not received. No returns from agency. 236 REPORT OH T H E FINANCES. B.—Statement of consular fees, cons ula/ salaries and emoluments to officers, ^fc.—Continued. Consulates, consular ''agencies, &c. Monterey. , Montevideo..'...... Montreal Laciiine...' . Hemmingford . T h r e e Rivers . . Sorel......... Moscow Mozambiqtie Munich Nagasaki , Nantes L'Orient Saint Nazaire Naples Castelamare • Nassau H a r b o r Island Governor's H a r b o r . •Green T u r t l e B a y . San Salvador Inagua Newcastle-upon-Tyne . Carlisle Hartlepool Sunderland New-Chwang Nice .' Mentone. Ningpo Nuevo Laredo Nuremberg Bamberg Oaxaca Salary and emoluments, $34 00 1,911 4, 000 1,139 469 367 226 13 00 00 50 50 00 00 00 1, 500 00 3, 000 00 1, 500 00 77'50 98 96 1,500 00 288 50. 2, 000 00 287 17 294 90 49 79 84 20 40 66 1, .500 00 •' 795 00 587 92 582 27 160 68 1, 500 00 120 00 . 773 61 728 50 4, 007 97 1, 099 50 4.00 Fees. Loss. $34 00 884 44 5, 901 87 1,139 ,.50 469 50 367 00 226 00 13 00 $13 62 1, 277 731 •323 77 98 1, 458 288 1, 292 287 294 49 84 40 1,721 795 587 582 160 482 120 773 728 6, 452 1, 099 .4 27 92 350 69 31 75 50 51 82 50 96 31 50 23 17 90 79 20 66 00 00 92 27 68 00 00 61 50 22 50 00 44 18 Returns for first and second quarters 1873not received. 2, 000 00 1.34 50 21 50 78 00 134 50 21 50 1,761 07 193 00 99 60 Osaka and Hiogo . Ostend Padang Palermo Marsala Licati Girgenti Trapani Panama Para 3, 692 95 2,398 84 105 63 1,6U 51 52 98 147 3,500 896 26 05 21 24 40 00 73 1, 753 20 51 05 52-21 98 24 147 40 3, 105 59 1,810 56 Paramaribo Paris; Calais , Lille :., Paso del Norte .. Payta... , Pernambuco Pictou Piedras Niegras • 1, 774 8,000 213 88 585 500 2,000 375 277 03 00 00 00 15 00 00 00 00 1,774 52, 416 213 88 78 314 1,458 427 277 03 00 00 00 50 52 2L 78 00 980 17 171 99 4 22 54 2,051 1, 039 2, 000 1, 500 1,415 500 50 72 85 20 00 00 00 10 78 00 00 75 00 12 17 171 99 4 22 54 360 3 29 1, 468 1,41.5 , 96 00 72 85 20 00 00 00 58 50 50 00 75 55 R e t u r n s for fourth quarter 1872 and first q u a r t e r 1873 not received ; no returns from agencies. Inclusive of instruction and transit salaries. Returns for first and second quarters 1873 not received. No.returns. Odessa Taganrog Rostoff Omoa and Truxillo . Oporto Piraeus Syra 0 Plymouth Brixham Dartmouth Guernsey Jersey P o r t Louis, M a u r i t i u s . P o r t Mahon P o r t Said P o r t Sarnia London ^ P o r t Stanley ~ - • Remarks. Returns incomplete. Inclusive of iustruction and tran.><it salaries. No fees received at the agencies. Inclusive of transit salary. No returns. No returns. Inclusive of instruction salary. Accounts for second quarter 1873 not re* ceived. Inclusive of instruction and > transit salaries. Inclusive of salary of three consular clerks. Returus incomplete. Do. Inclusive of iustruction and transit salaries. Returns from agencies incomplete. Returns incomplete. R e t u r n s for first and second quarters 1873 not received. 106 96 44 94 103 52 Inclusive of instruction salary. Returus incomplete. No returns received from agencies. Accouuts for first and second quarters 1873 not received. FIFTH AUDITOR. 237 B.—Statemeni of consular fees, consular salaries and emoluments to officers, ^-c.—Continued. Consulates, consular agencies, &c. Prague. Salary a n d emoluments. $1,250 00 Loss. Fees. 12, 083 00 Accouuts for expenses not received ; no returns of fees for first and second"quarters 1873-. Prescott , Ottawa Brockville .., Morrisburg ... Cornwall ..., Prince Edward Island. Georgetown Cascumpec Summerside P u e r t o Cabello 1; 500 1,786 1, 343 756 492 1, 500 42 60 94 1,184 Quebec . 1, 500 00 Rheims Riga ...;... Rio Grande do S u l . 1, 695 00 1,695 00 '""833'33' """367'32' 9,046 13 6, 750 80 1 12 1,890 461 2, 000 1,979 2 21 40 00 50 00 375 50 461 40 1, 860 42 1, 979 50 2 00 '2282 122 45 122 45 RioHacha...... Bio de Janeiro., Rio Negro , Rome , Rosario Rotterdam Scheidam Flushing , Sabanilla San Andres San Dimas San Jos6 P o r t Limon P i t n t a Arenas . . S a n J u a n del Norte. (San J u a n del Sur — San Juan, P . R Ponce Mayaguez (3-uayama Arecibo Fajardo , Aquadilla , Naguabo San Luis Potosi 3, 035 00 2, 000 00 2, 000 00 1,464 62 1,401 73 497 90 372 03 225 28 64 85 196 92 San Salvador., La Lihertad. i3anta Cruz S a n t a Martha Santander Gijon Santiago, Cape Verde . Santiago de Cuba ' Baracoa Guantailamo • Manzanillo Santa Cruz Santos Seville Seychelles.: Shanghai Sheffield Nottingham Sierra Leone Singapore Penang Smyrna Sonneberg. Sonsonate Southamp ton Portsmouth ,.. Weymouth Cowes Spezia St. Bartholomew St. Catharine's 00 54 00 50 00 00 74 00 00 33 1,313 2, 319 1,343 756 492 717 42 00 94 1,184 00 00 00 50 00 57 74 00 00 33 413 377 706 1,464 1,401. 497 372 225 04 196 7 00 43 29 42 50 42 50 191 58 113 90 589 87 44 00 8 12 131 92 863 25 971 71 375 91 373 31 . 2 90 175 25 757 39 143 93 1^, 807 35 9, 462 75 •7,943 50 151 08 1, 201 22 144 86 1, 444 55 6, 404 75 299 54 489 50 36 00 19 .50 56 00 5 00 No returns. ' Accouuts .for secoud quarter 1873 n o t received. No fees. Inclusive of allowance, b y act of Congress approved December 17, 1872, to Vice-' Consul Cordeiro. No returns. Returns incomplete. , No returns. Return for first quarter 1873 not received. No returns. ' Do. Do. Do. Inclusive of instruction and transit salaries. 30 66 31 62 73 90 03 28 85 92 "i," 560" 66' ""ibi'es •$1 86 1,027 34 191 58 1,500 00 589 81 44 00 8 12 562 50 2. qOO 00 '971 71 375 91 373 31 2 90 175 25 757 39 1, 500 00 5,127 70 4, 354 46 2,118 26 151 08 2, 500 00 144 80 2, 000 00 3,854 47 299 54 2.000 00 36 00 19 .50 56 00 1, 500 00 Remarks. Returns for third quarter 1872 not received. Returns for fourth quarter 1872 and first quarter 1873 not received. 'J No fees for third quarter 1872; no other returns received. R e t u r n s for first and second quarters 1873 not received. Do. Returns from agency incomplete. . 47 84 R e t u r n for first quarter 1873 not received. Do. Accounts for second quarter 1873 n o t received. 67 68 Inclusive of salary of consular clerk. 162 51 R e t u r n for second quarter 1873 n o t received, y '"6i"77' Returns for third quarter 1872 n o t r e c e i v e d . 238 REPORT ON T H E FINANCES,, - B.—Statement of consular fees, consular salaries and emoluments to officers, t^-c—Continued. Consulates, consular . agencies, &c.. St, St. St. St. Christopher Doming-o Helena John's, Cauiida Stanbridge Freligsburg Suttou St. John's, Newfoundlaud St. John, New Bruns wick .-: St. Stephen's St. Andrew's . . . . . . St. George St. M c A d a m . , St. Meriraichi Frederickton St. M a r c St. Martin , St. Eustatius St. P a u h d e Loando St. Pierre, Martinique. Fort de France St. Pierre, Miquelon . . St. P e t e r s b u r g St. T h o m a s . . ' Stettin Konigsburg... Danzig Memel Swinemunde . Stockholm Stuttgart Swatow Sydney Newcastle Tabasco Tahiti... Talcahuano Tamatave , Tampico Tuxpan Tangier Taranto Teneriife Las Palm as . . Tien-TSin Toronto P o r t Hope Coburg Guelph • Whitley Trieste Fiume Trinidad de C u b a . Cienfuegos . . . Trinidad, (island). Tripoli Tumbez Tunis Tunstall T u r k ' s Islands Cockburn H a r b o r . . Salt Cay Valencia Valparaiso Venice Vera Cruz victoria .'. Vienna Brunn Pesth Windsor, Nova Scotia . Windsor. Canada Chatham .' Wallaceburg ... •Winnepeg Salary aud emoluments. Fees. $59 1,5!J0 1,500 500 072 314 209 $59 554 728 2,841 1,072 314 209 56 00 00 00 50 00 50 Remarks. No returns for first quarter 187; No returus from agencies. 445 46 3, 706 93 1,172 72 347 92 384 82 297 53 65 60 388 00 444 .32 457 69 11 76 1,000 00 97 87 1,ono 00 5, 956 46 1, I7i> 72 347 92 384 82 297 53 65 60 388 00 444 .32 457 69 11 76 "3694 No returns for first aud second quarters 1873. . No. returns. Do. Inclusive only of third and fourth quarters 1872. Other quarters not received. Accounts for first aud second quarters 1873 not received. Inclusive of instruction and transit salaries.- 20 43 470 67 No returus from agencies. Inclusive of additional compensation allowed when fees reach $3,000. 97 87 4, O'OO 00 1,224 78 195 25 30 75 15 50 5 00 592 08 2, 000 00 3, 500 00 1,249 96 759 29 602 86 1,000 00 1,000 00 2, 000 00 1,919 83 141 53 3, 000 00 460 2,36^ 304 195 30 15 5 592 3.012 667 1,249 759 129 653 366 32 578 141 20 50 59 44 25 75 50 00 08 75 50 96 29 56 10 66 86 6V .53 00 288 54 128 25 3, 500 00 2, 000 00 288 128 776 4,210 54 25 13 00 2, 042 76 1,01.4 00 . 783 50 112 50 2. 000 00 19 48 2,671 70 2, 230 47 453 36 3, 000 00 500 00 3, 000 00 2, 000 00 2,237 1,014 783 112 1,416 19 579 2,596 • 453 1 145 17 7,610 00 00 5(1 50 37 48 23 71 36 00 13 00 02 70 13 Inclusive of instructiou aud transit salaries. 213 65 No fees. 2, 000 00 185 81 273 52 634 61 3,000 00 750 00 3, 500 00 2. 725 00 1,500 00 325 50 . 249 50 1,000 00 1,500 00 1, 024 50 879 00 1, 500 00 487 11 185 81 273 52 2 00 2, 483 40 425 34 1,712-67 2, 867 36 5, ,304 50 325 50" 249 50 573 76 2,617 25 1,024 50 879 00 534 10 Inclusive of additional compensation allowed when fees reach $3,000. From May 8 to J u n e 30, 1873. Inclusive of instruction salary. , 191 52 9 68 Inclusive of additional compensation lowed when fees reach $3,000. 12 40 Returns incomplete 1 '36'ii Adjustment of salai-y not y e t effected.. al- FIFTH 239 AUDITOR. B.—Si itement of consular fees, consular salaries and emoluments to officers, cf-c—Continued. Consulates, consular agencies, &c. Zacatecas . Salary and emoluments' ... $6 00 16 .50 30 00 16 .50 30 00 140 00 140 00 1,390 81 2, 000 00 207 14 3,352 50 Patras St. Gall Total...... Remarks. Loss. $6 00. Zante . .. . . Cephalonia . . Zanzibar Zurich Fees. 2, 000 GO 2,917 25 539,441 32 14% 594 89 Inclusive only of first and second quarters 1873 ; third and fourth of 1872 not received. $198 20 Rettirns for first and second quarters 1873 uot received. <R e t u r n for second quarter 1873, n o t ' received. Inclusive of transit salary. Inclusive of additional compensation allowed when fees reach $3,000. 9,1.56 24 RECAPITULATION. T o t a l fees received Salaries. &c., to officers..' Loss by exchange .$539,441 .32 9,156 24 .- $746, 594 89 548, 597 56 197, 997 33, Excess of fees over salaries and loss b y e x c h a n g e . B 1.—Expenditures on account of sundry appropriations from July 1, 1872, to June 30,1873, . as slwwn hy adjustments in this Office. For interpreters to the consulates iu China, Japan, and Siam $8,502 52 . •For salaries of the marshals of the cousulcir courts in Japan, including 3,890 88 that at Nagasaki, and in China, Siam, and Turkey For rent of prisons for American convicts in Japan, Cliina, Siam, and Turkey. 11,751,13 For expenses of the consulates in the Turkish dominions, viz : Interpreters, guards, and other expenses ofthe consulates at Constantinople, Smyrna, Candia, Alexandria, Jerusaleu), and Beirut 4, 261 50 C.—Statement showing the amount exxiended by ilie consular officers of the United States for ' the relief of American seamen, the money received hy said officers for extra wages, cfc, and the loss by exchange incurred hy thein during the fiscal year ended June 30, 1873, as. shown hy the accounts settled in this Office. Consulate. Acapulco Amoy Amsterdam Antigua , Antwerp Apia ' Aspinwall A u x Cayes, H a y t i Bangkok Barbadoes Barcelona • Batavia B a y of Islands, New Zealand. Belize, Honduras Bermuda Bombay Bremen Bristol , Buenos Ayres Cadiz Calcutta Callao ." Cardiff.... Constantinople Cape T o w n Comayagua • Cork Corunna Demerara I Dundee, Scotland Elsinore. Fayal. Falmouth, E n g l a n d . F o r t Erie, Caufida.. Genoa Loss b y exchange- Expended. $2,138 ! Ill ; $22 85 33 37 126 00 225 111 .289 138 50L 777 18 165 00 143 20 47 •'309 12 103 55 2, 825 888 21 367 50 403 110 784 620 85 4, 038 137 31 13 60 65 38 35 5.57 86 3, 326 304 . 62 7 175 45 614 42 283 71 551 153 . 573 121 655 3, 590 81 00 92 48 66 26 79 31 03 80 592 38 '16044 1,188 62 $8 29 13 52 31 68 222 90 -17 42 240 REPORT ON THE FINANCES. C.—Statement showing the amount expended by the consular officer's, ^o.—Continued. Consulato. Gibraltar.., Glasgow . . Gu'ayaquil. Guaymas.. Hakodadi .. Halifax . . . Hamburg.. • Havana . . . Havre , Hong-Kong Honolula Kanagawa Kingston, J a m a i c a . Laguayra Leghorn. Leith, Scotlaud . Liverpool London Londonderry . . . Malaga Madagascar Manila . Manchester...-......, Manzanillo, Mexico. Marseilles J Matanzas Matamoras Mauritius. Melbourne.. Montevideo. Nagasaki Nassau, Bahamas . N aaplei p Newcastle, England., Ob-aca and Hiogo Panama Paramaribo Paris Payta . Pernambuco, (steamship Erie burned at s e a ) . Plymouth, England Quebec. Rio de Janeiro Rio Grande do Sul, Brazil . . , . . Santiago, Cape Verde Islands . Santiago de C u b a Seychelles Saint Catharine's, Brazil Saint Helena Seville . Singapore Swatow Shanghai ' Sydney, Australia Saint John, New B r u n s w i c k . . Saint Pierre, Miquelon ... Saint>Thomas, West I n d i e s . . . Tahiti Talcahuano • Tampico , Teneriffe Tien-Tsin, China Toronto '. Trie-stH. Trinidad de Cuba Trinidad Island Valparaiso Vera Cruz Victoria, Vancouver's Island , Zanzibar ; .-... Total. RECAPITULATION. . A m o u n t expended b y consuls for relief of seamen '. t ^ m o u n t expended b y consuls for loss in exchange , Amount paid for the passage of destitute seamen, (see Schedule D ) . Total a m o u n t o f expenditures A m o u n t of extra wages, &c., received b y consuls Excess of expenditures over receipts. Expended. $284 61 1, 219 34 42 76 26 362 638 819 729 108 305 16 50 35 70 75 20 06 75 00 29 74 LOBS b y e x - Received. $43 50 120 13 263 -cbange. 35 00 00 20 50 818 95 2, 025 60 110 75. 574 20 891 25 348 11 229 20 80 00 656 63 750 86 34, 428 70 1,280 50 ,133 53 8 51 34 00 ., 805 13 20 00 30 94 ., 134 25 335 83 ' 20 09 .125 00 75 00 386 15 278 75 97 00 78 00 1-20 00 659 62 755 84 621 50 369 41 92 64 146 85 175 05 1,701 16 81 00 36 05 715 00 140 55 lio 00 ,829 35 668 40 15 44 [, 040 48 i, 170 18 240 02 8 50 531 733 209 525 72 139 39 45 50 00 56 26 742 55 66 50 50 82 486 26 35 .50 93 70 423 57 835 98 347 64 31 92 581 95 10 00 14 78 32 60 I U .54' 1.38 70 199 13 43 50 12 00 59, 950 46 1,339 70 840 00 . 45 00 827 14 •110 00 143 25 92 17 20 00 577 38 33 34 1, 687 78 193 17 301 '72 1,449 62 174 75 150 00 '44566 128 93 40 00 36 .53 386 64 03 80 120 00 64,312 13 ; $59, 950 46 1, 314 05 11, 019 9L - .v 72, 284 42 64,.312 13 7, 972 29 241 FIFTH AUDITOE. D.—Statement showing the numher of destitute American seamen sent to the United States from the following consulates and the amount paid for their passage during the -fiscal year ended June 30, 1873. " • • , . Consulate. Acapulco Antigua - Aspinwall .A u x Cayes Barbadoes , Baracoa B a y of Islands, New Z e a l a n d . . Belize, Honduras Bermuda Bristol Bombay....: Buenos A y r e s Cadiz Callao Calcutta Cape T o w n Cardiff r. , Cow Bay, Nova Scotia Fayal Gibraltar Guadeloupe Halifax Havana , Hong-Kong : Honolulu Kanagawa , Kingston, Jamaica..-. , Liverpool London Malaga Manila Martinique Matamoras ; Matan zas Messina Melbourne Montevideo Nassau, B a h a m a s North Sydney, Cape Breton Island Padang Amount. 15 9 162 11 16 3 6 5 *41 2 1 2 1 2 2 2 1 2 43 3 5 8 26 22 82 19 9 18 3 1 2 2 1 1 1 1 *86 *26 1 $1,50 00 90 00 1, 620 00 170 00 185 00 30 00 60 00 100 00 410 00 20 00 10 00 * 20 00 10 00 20 00 20 00 30 00 10 00 20 00 886 00 • 30 00 50 00 56 00 260 00 220 00 820 00 190 00 100 00 180 00 30,00 10 00 10 00 20 00 20 00 •10 00 10 00 10 00 10 00 1,108 00 340 00 10 00 * F r o m w r e c k e d vessels. Consulate. Panama Payta Pernambuco P o r t au Prince P o r t Hastings, Nova Scotia P o r t Limon Porto Rico P o r t Louis, Mauritius Progreso Rio de J a n e i r o Rio Grande do Sul Sagua la Grande Santiago, Cape Verde Islands Santiago de Cuba .;..:. Singapore SierraLeone St. Croix, W e s t Indies Santo Domingo St. Helena ".. San Jos6 del Cabo St. Thomas, W e s t Indies , Seychelles St. Christopher, W e s t Indies . . . Tahiti Talcahuano Tampico Teneriffe Trinidad Island , Vera Cruz Victoria,, Vancouver's Island Wellington, New Zealand Zanzibar , Picked up at sea and brought to the United States Relief afforded b y naval pay-, masters to destitute .American merchant seamen brought to the United States Total , 44 1 t75 • 1 4 11 2 4 4 10 2 15 7 1 1 1 1 $440 00 10 00 750 00 10 00 40 00 110 00 20 00 40 00 40 00 100 00 30 00 150 00 70 00 10 00 10 00 10 00 10 00 60 00 170 00 • 90 00 390 00 20 00 20 00 20 00 30 00 10 00 310 00 40 00 90 00 45 50 10 00 20 00 160 00 27 329 41 983 11, 019 91 I Steamship Erie, burned a t sea. D 1.—Statement showing the amount exxoende^l in bringing to the Uniied States American seamen charged with crime during the fiscal year ended June 30, 1873. Consulate. B a y of Islands, New Zealand F a y a l , Azore Islands Hong-Kong St. Helena $250 260 300 96 00 00 00 80 906 80 Total IQ F 242 . . REPORT ON T H E FINANCES. ,> E.—Statement sho-wing the amount refunded to citizens, seamen, or their representatives, directly from the United .States Treasury, the several, sums having been previously paid • therein by consular ofiicers, during thefisoal year ended June 30, 1873. n . Abraham, seamaii, estafce of ^ Charles Brown, citizen, estate of John F. Bryant, seaman, wages refunded John Church, citizen, estate of Jacob Jonsen, seaman, estate of John C. Mendell, citizen, estate of Andrew Olsen, seaman, wages refunded Total $45 187 93 2,066 49 87 90 ' :..... , 46 34 08 35 53 00, 12 2,618 88 F.—Department accounts received and settled for the fiscal year ended June 30, .1873.. STATE D E P A R T M E N T . Publishing laws in pamphlet form, " Proof-reading and packing .. ..Copper-plate printing, books, maps, &c Rescue of American citizens from shipwreck '. Expenses nnder the neutrality act Stationery, furniture, &c .--... Contingent expenses of foreign intercourse and missions - abroad $25,318 44 The same settled, on Department of State approval 4,158 08 —. _^ Contingent expenses of consuls 35,554 79 The same settle(?, on Department of State approval 59, 380 67 • Salary and expenses of United States and British claim commission Salary and expenses of United States and Spanish claim commission... Salary and expenses of United States and Mexican claim commission . . Salary and expenses of United States commissioners to Texas Salary and expenses of United States commissioner to penitentiary congress at London Salary and expenses of tribunal of arbitration : Salary and exxienses of northern boundary survey Entertainment of Japanese embassy Statistical congress at St. Petersburg $84,516.96 2,944 96 2,278 66 4 328 65 5,332 73 5,449 14 29,476 52 94,935 46 55,954 98 11, 611 *02 25,205 28 7,939 32 6, 362 94,-607 30,030 25,750 300 57 80 77 00 00 487,-024 82 INTERIOR DEPARTMENT. f Expenses of taking ninth census Expenses of taking eighth census Miscella-neous and contingent expenses of Patent-Office Publishing Patent-Office Official Gazette : Plates for Patent-Office Official Gazette Expenses for copies of drawings in the Patent-Office Expenses of packing and distributing congressional documents Expenses of bnilding hall in Smithsonian Institution • Preservation of collections of Uuited States exploring expeditions Maps to illustrate quarto volumes of ninth census Photo-lithographing Heating-apparatus, Library of Congress $1,208, 849 49, 678 99,157 5, 425 27,712 66, 857 7,492 9,594 .11,112 21,271 26,375 1, 436 25 93 85 00 99 07 46 62 20 02 13 56 1,634,963 08 P O S T - O F F I C E DEPARTMENT^ Contingent expenses of Post-Office Department , $52, 996 64 ' G.- -Statement showing the expeiises of assessing the internal-revenue taxes in the several collection-districts, including the salaries, commissions, and allowances ofthe assessors, their contingent exptenses, and the compensation of assistant assessors and store-heepers, from July 1, 1872, to June 30, 1873. o 1 o District. • 1 1 • t • -a 5 . 1r a o 1 u> a § o CS O ALABAMA. F i r s t districtt* . . . Second district* T h i r d district* -- -- Total $1, 480 00 1,680 55 2, 218 36 $900 00 . 1,593 96 968 84 $103 94 82 69 52 23 $6 00 6 00 5,378 91 3, 462 80 238 86 12 00 142 00 175 69 15 35 $283 33 106 33 $118 45^ $6, 846 64 10, 515 04 1, 972 64 1,108 00 $9, 648 58 14, 337 26 6, 560 20 233 04 389 66 118 45 19, 334 -32 1, 378 00 30, 546 04 9 00 300 00 52 25 23 45 60 00 91 69 133 3 3 . 75 70 285 02 4 50 1, 759 72 $270 OQ ARIZONA. 10 oo' 2, 218 40 720 00 3, 257 40 > 2, 582 92 1,614 33 4, 571 97 4, 657 86 4 216 35 7, 457 15 H O 8,769 22 16, 331 36 ARKANSAS. First districtt T h i r d district*. . 1, 534 73 1,593 36 2, 335 16 375 00 764 51 374 99 30 21 121 46 18 25 Total 5, 463 25 1,514 50 169 92 • 22 75 31 00 53 75 T h i r d district* --- Fifth district* Total M • CALIFORNIA. First district . 4, 636 149 2, 3.38 2, 532 2, 371 12 42 61 60 70 4, 441 32 1, 4.37 50 - 1, 769 22 1, 264 00 137 54 39 00 48 07 9 00 12, 028 45 8, 912 04 450 51 ^ 2, 300 82 1, 261 29 72 80 225 90 19, 579 65 6, 715 00 99 99 96 00 15 00 330 00 389 23 265 31 94 50 7 50 4, 674 30 7, 339- 44 3, 829 50 840 00 9 00 215 49 2, 744 26 102 00 35, 422 89 7, 555 00 20 83 31 50 450 33. 37, 362 149 9,961 12 165 7,801 21 42 44 49 08 67,439 64 COLORADO. Colorado ' -Including items belonging to previous fiscal years not before adjusted. 3, 012 25 7,149 82 t June quarter accounts not adjusted and included in this report for want of certificate. to G.—Statement showing the exx)enses of assessing the internal-revenue taxes in the several collection-districts, t^'G.-—Continued. 2 o rs 1 ll Dist.rict, fl S o •'3 o S « o II o o > fl c • II li ••m fl o .S 53 . fl w • . CONNECTICUT. F i r s t district Third district F o u r t h district $3, 420 1,782 766 1,515 .- - Total 83 31 57 14 7, 484 85 $796 1, 061 400 708 87 29 00 42 2, 966 58 $99 36 1 35 1380 30 53 172 76 05 19 89 35 $201 25 88 61 • 150 00 66 67 $5 10 14 70. $6, 371 4,374 1, 459 5, 640 17 50 144 48 506 53 19 80 17, 845 16 1 50 5 00 $36 60 17 30 $17 50 22 14 32 48 $6, 828 00 • $17, 758 "45 7, 418 04 2,812 58 7,996 59 6, 828 00 35, 985 66 DAKOTA. o Dakota*! 2, 407 24 1, 750 82 - 4 , 1 6 4 56 DELAWARE. Delaware . . . . . . . . 2, 573 74 1,325 60 61 03 37 42 37 50 5, 013 66 9 048 95 1, 541 74 1, 532 42 61 90 9 00 373 00 4, 489 45 8,007 51 2, 081 00 1,000 00 86 91 2, 2. 2, 2, 1,050 1, 258 1,432 1,595 D I S FRICT OF C0LU.A1BIA. la* Florida . 9 00 151 62 300 00 442 266 133 281 • 7,127 55 Cl 10, 756 08 GEORGIA. - Total 410 254 407 475 65 24 51 89 9, 548 29 00 36 42 1 00 5, 335 78 78 67 127 . 65 31 67 35 90 30 40 361 04 1,124 23 24 00 300 00 20 19 20 09 19 .50 4 00 48 50 171 90 .3.37-68 23 50 00 89 75 40 • 14,926 12, 820 14, 080 13, 082 27 82 49 52 28 25 10, 847 8,919 9, 838 7, 533 21 47 26 99 1, 01-2 00 58 65 37, 138 93 1, 012 00 54, 940 10 • 4,231 52 2, 322 00 8, 936 30' • IDAHO. Idaho* w l-H FLORIDA. F i r s t district* Second district* T h i r d district* Fourtli district* o 1, 875 00 1 ' 1.32 00 51 78 Ul , — ILLINOIS. First dist.rict*. Secoud district* Third district*Fourth district* '. Fifth district* Sixth district*! Seventh district* '... Eighth district*......... , Ninth district* -Tenth district* . : . . . i Eleventh district... ^ . . . . . i Twelfth district* Thirteenth district*! Total 13,130 73 1, 838 53 4, 215 87 5, 639 33 16, 453 49 1, 840 67 2,09.3 38 8,.200 64 1,941 56 1, 384 .75 :i,248 63 2, 940.36' 1,314 53 62,242 47 3, 696 06 637 58 930 65 1,062 96 1,420 00 538 00 796 98 1, 309 99 .45 00 .265 39 250 00: 811.49 200 00 11,964 10 117 63 30 00 63 31 42 00 5 30 24 25 18 60 28 70 65 34 45 00 36 52 .32 35 60 21 29 50 29 44 • 23 05 34 40 9 42 25 42 25 81 59 94 87 03 20 03 .67 22 21,25 .55 69 28 41 581 28; 5,30 499 24 • 123 159 68 265 100 53 85 43 75 83• 00 33 .88 88 176 92 11 50 6 30 4 60 66 00 159 18 """44"65" 7 00 9 00 1,271 17 74 05 13, 675 24 2, 068 76 4, 343 66 3, .529 36 6, 903 89 5, 057- 54 4, 065 23 4, 790 80 1,652 21 .3, .300 81 1,9.32 67 3, 650 23 .3, 942 41 20, 575 00 2, 654 00 4, 048 00 •16. 040 00 2, 432 00 3,170 00 8, 346 00 992 00 304 00 "'i,'21* 2'60" 59, 783 00 58,912 81 51 257-97 4 757 52 12, 366 56 14 432 34 41, 153 63 10, 036 84 10,271 21 22, 794 67 4, 773 78 5, 528 53 3,541 60 8, 908 00 5 510 77 195, 333 42 INDIANA. . First district* Second^ district Thirddistrict* Fourth district* Fifth district Sixth dist.rict* Seventh district..., Eighth district* Ninth district Tenth district^... •Eleventh, district 4,753 32 1,429 31 4, 700 i r 8, 560 17 1,331 05 .3. 809. 20 3, 423 81' 3,160-99 .1, 647 47 1,3.36.17 1,356 08 .Total....... • . 35, .507 .68 1, 036 25 ,455 30 6,57 2 2 774 16 200 00. 655.25 .'500" 00 v885.76 28 00 1.00 60 75 86 5103 27 98 15 00 1 68,90 - 24 60 51 56 20:09 • 8 .008,00 •5, 1,91,94; 451 -62 12 00 • 4*50" 2 00 6 50 2 00 2 00 -29 00 57^.30 16 88 23 64 • 30 18 15 00 . 6 32 10'-50 1 25 5 40 1 98 .45 00. 213 45 141 97 88 71. 91 66 106 .33" 132 91 178 70 73-25 32 10 12 85 '"".-66-'67* 111 12 37 62 ,53 00 . 88 87 918 86 296 90 4, 540 42 3, .527 70 2, 256 98 2, 946 34 1, 679 93 -2,190 11 '2,446.31 1,087.91 •2,812-19 1, 935 93 1, 483.46 5, 452 00 1,284 00 2, 238 00 10, 536 00 671 00 • 2, 620 50 • 3, 142 00 ms .00 .sqo 00"""S'24'GO* 26,907 "28 16, 272 50 6,951 01 10, 0.55 24 22, 994' 01 4, 046 89 9, 356 78 9,613 89 6, 286 59 5 452 77 3, 337 08 3, 005 41 27; .855 50' 97,-,372 23 272 00' 1, 252 00 2,850-00 .5, 897 67 6, 693 63 10, 274 94 •3 672 4.5 . 3, 491 86 4, 482 01 4, .374 00 34, 512 56 !> d u -l-H H O IOWA. First district* Second district* Third district^ Fourth district Fifth districtt Sixth district* ,..... , Total '.., 1, 759 2, 254 3, 795 1,326 1,458 1, 329 02 00 25 90 95 53; 11, 923- 65 611 15 406 94 761 ,57 .412 07 404 63 354 44 52 8042 44-: 4 .50 7 50 51 37 3 21 2 40 4 50 55 68 00 01 2, 950 80 •208 48 1,061 29 123 94 23 24 48 60 41 50 96 46 """ig'oo' "'"•"" 81 "24" 37 90 97 78 70 77 14 95 8 85. 106 67 120 00 127 60 3, 062 2, 626 2, 765 1.724 1, 505 06 63 21 17 28 2, 549 19 , 238 57 522 82 23 80 14,232 54 1 179 71 332 00 130 95 6, 866 80 KANSAS. Kansas . - .*. 1,709 82 * Including items.belpnging,to;previous,fiscal years not.before, adjusted. 517 00 10, 921- 51 t. June quarter accoimts not adjusted and included in this report for want of certificate. Or to G.—Statement showing the expenses of assessing the internal-revenue taxes in the several collection-districts, ^•o.-—Continued, c3 District. fl o fl s o ... .*... $1,828 2,471 2,030 3, 609 3,229 6,299 5, 753 1,681 3,058 ..... Thirrl diR+rift* F o u r t h district* Fifth dist.rict* Sixth district* Seventh district* ... Ninth district* Total 3 il fl % .2 2 "li c5 o fl li 3 S.I o o o KENTUCKY. First district . 1 m O xn Postage and express. a o 7.. or 58 04 06 15 51 17 64 11 29, 960 35 $727 884 798 1, 548 2,163 1, 591 2,042 709 663 42 37 63 74 85 93 31 86 84 11,130 95 $103 57 32 100 127 47 101 130 65 $15 36 .35 34 31 61 83 23 89 82 55 25 40 41 90 07 13 28 74 89 15 35 00 93 20 70 80 $138 132 128 177 ....... 221 320 100 177 ^28 10 69 80 594 65 33 66 35 75 i 43 70 1 90 15 00 50 39 204 08 1, 396 13 942 23 765 81 411 76 320 00 265 00 585 00 $4, 864 , 4,926 4,202 5, 905 8, 268 • 6,441 9, 270 5, 645 4, 362 84 59 77 70 85 93 30 46 40 $1, 768 10, 745 48 31, 023 19, 074 25, 844 59,-100 9, 504 2,004 00 00 00 00 50 00 00 00 00 $9, 474 19, .324 7, 869 42, 399 32, 894 40, 552 76,671 17, 795 10, 624 34 44 84 00 76 05 95 29 90 159,110 50 • 257, 606 57 10, 283 30 69 50 12, 047 97 . 7, 330 77 6, 489 54 30,771 5311,146 16 9, 693 09 69 50 25, 868 28 10,283 30 53, 883 84 Tliird district Total 5,110 10 2,081 00 2, 210 44 3,189 15 . 1, 329 15 594 19 137 18 63 36 58 42 3 83 21 88 6 00 9,401 54 5,112 49 2.58 96 31 71 Fifth district Total Thirddistrict Cl w 94 04 68 90 17 690 40 110 160 83 00 00 00 15 13 16 7 41 00 00 50 50 24 | 7 25 7 46 7 18 16 04 74 42 75 32 88 39 64 88 88 00 00 55 - 2, 046 2,598 1, 485 1,406 1,709 94 95 05 53 08 - 1,124 00 5, 439 4,125 2, 989 2, 983 2, 734 75 86 65 68 36- 6,424 73 1,000 83 93 24 7 25 96 27 280 43 9, 246 .55 1,124 00 18,273 30 4,497 77 352 70 4,340 39 1,061 54 110 00 21 75 7 37 622 22 10, 235 44 2, 927 00 2, 658 33 ioi 70 i 75 25 00 17, 485 40 4, 280 00 19, 483 09 3.52 70 28,892 57 MARYLAND. F i r s t district • Ul 1, 5,55 1,331 1,331 1,326 879 Thirfl distripl ^ HH , ^— 51, 610 78 MAINE. Pirt^t distrirt H O i^ H w LOUISIANA.. F i r s t district* O Fifth district* Total 1,486 38 2, 332 00 475 00 707 56 46 03 19 10 13, 009 24 4, 902 43 276 83 1,611 22 1, 373 03 5. 288 93 3, 667 55 2, 838 16 3, 776 79 750 00 1, 333 21 1, 383 10 2, 998 37 540 00 320 00 2,744 67 1, 765 43 1,066 00 1, 242 26 1,061 29 1,066 67 637 58 1,063 00 31 50 302 119 96 83 46 67 81 57 25, 020 36L 11,506 90 937 69 7 25 1,326 91 1,562 56 350 00 698 20 9 00 35 08 2, 889 47 1, 048 20 3, 491 15 1,327 05 1,348 19 1, 394 29 951 91 1, 331 04 1, 519 475 534 5U6 304 439 .9,843 63 23 50 7 32 9 00 44 34 39 81 42 45 5 05 4, 004 88 5,820 96 2, 312 00 4, 283 16 8,418 40 13,221 64 48 69 706 37 47 50 * 37, 546 68 13, 807 16 70, 368 40 17 42" 15 24 11 60 31 06' 12 41 58 78 11 45 -9.45 51 46 11 75 176 176 886 486 58 266 221 277 176 320 MASSACHUSETTS. Eirst district Third district Fifth district S5ixth district Eighth district •• Total ^. 92 92 10 54 33 21 15 47 92 84 14 75 3,548 98 2, 669 29 13, 589 27 9, 323 02 5,803 82 3, 472 93 3,'784 97 2, 958 15 5,461 27 5, 934 76 230 62 3, 047 40 18 00 56, 546 46 11 75 47 05 97 10 88 63 340 77 3, 629 37 5,661 16 5, 450 96 8, 406 62 44 08 11 75 144 15 429 40 9,290 53 U , 857 58 70 22 66 15 96 11 00 10 79 75 65 15 19 00 444 176 132 114 132 46 6,052 2, 026 3, 962 2, 969 2,791 4, 482 3,778 71 282 44 19 00 181, 91 1,047 31 2, 213" 74 2, 615 79 2, 215 06 1,321 65 1, 010 53 636 80 30 47 101 00 86 92 9 00 7 50 18 60 60 35 143 45 7,044 59 • 2, 968 99 218 39 16 50 222 40 71 23 40 52 99 89 75 00 80 40 7 25 3 25 6, 525 00 4,166 00 2, 316 00 4,254 00 2, 504 00 19,765 00 5, 926 4, 604 29,347 19,559 12,191 13,154 5, 875 5, 722 7,792 12, 904 25 71 97 12 71 86 6L 45 13 87 117, 079 68 MINNESOTA. Total MICHIGAN. Tl-iirrl fli<trirtt Total 00 00 80 32 51 08 2 27 18 87 46 25 72 13 24 57 15 68 87 83 00 06 1, 040 00 5 00 22, 284 59 1, 872 00 266 00 265 34 177 78 64 80 7, 759 12 5,'664 99 5, 917 02 11,609 59 9, 727 00 9, 249 33 709 12 64 80 19,341 13 30, 585 92 45 92 70 58 66 "•"""s'oo' 00 . 832 00 12, 635 75 4,030 00 6, 073 07 5, 018 90 5, 200 97 6, 355 90 w >- d b O' 39, 314 59 MISSISSIPPI. FirKt district Third district' . .'. Total MISSOURI. 3, 320 67 F i r s t districtt 5, 031 97 794 44 Second districtt ...., , 1, 323 81 860 87 Thirddistrict* -. ' 1. 500 54 '' Including items belonging to previous fiscal years not before adjusted. 10 007.50 001.56 90. 207 26 51-8 15 160 00 32 95 54 71 , 24 no 53 59 83 90 30 75 t June quarter accounts not adjusted and inciiid-jd in this 9, 245 00 27, 494 38 8, 979 84 1, 336 00 9, 233 50 4,806 18 1, 252 00 3, 208 96 7, 019 61 report for want of certificate. INS G.—Statement showing the expenses of assessing the internal-revenue taxes in ihe several collection-districts, ^-c.—Continued. i_ fl* District. .2 0 .2 2 fl PA 6 Q fl o .9 33 1 1^ CO 1 • 1 'CS o "fl 1 Compensation of .assistant assessors. > OC !k ''3 o <v fl w • ll MISSOURI—Continued. is 3 tl o F o u r t h district* Fifth district*.. Sixth district* $1, 903 65 1,981 97 3,831 81 $98 61. 1,115 33 1, 422 19 $53 24 82 82 138 64 $6 00 6 15 $6 49 237 55 •282 63 $84 75 218 73 385 00 $378 74 11 75 $3, 317 68 6, 975 88 7, 494 29 $13 .33 4,788 00 $5, 464 42 11,010 35 18, 360 46 Total . . . 15, 573 75 7,612 11 517 06 45 10 797 52 1, 687 38 932 64 34, 782 83 16, 634 33 78, 582 72 1,875 00 750 00 89 12 17 00 442 30 5, 204 39 145 00 8, 522 81 2,125 68 825-00 84 81 35 22 68 22 5, 610 35 1,402 32 10,151 60 1,774 51 862 00 30 00 27 00 179 17 2, 347 45 1,605 23 1,331 05 1,458 76 400 00 640 00 275 00 19 47 29 20 23 15 53 33 133 11 71 10 2, 724 06 1,727 73 1, 433 85 1,044 00 3 00 21 00 9 75 45 36 5, 867 09 3, 870 84 3, 310 22 4, 395 04 1,315 00 71 82 . ., 3 00 76 11 257 54 5, 885 64 1,044 00 13, 048 15 2, 907 2, 399 3, 536 2, 700 3, 450 1,360 1, 062 1,061 864 2,387 3 00 55 12 24 28 MONTANA. - Montana* . . . . . NEVADA. Nevada* NEW Total . . , NEVV First d i s t r i c t . . Second district Third district F o u r t h district Fifth district* Total . . . h-i 5, 220 13 a HAMPSHIRE. First district Second district T h i r d district. ^ H O w NEBRASKA. Nebraska* o JERSEY. 64 92 30 65 89 14,995.40 00 64 29 39 90 6, 736 22 97 76 118 ' 38 95 12 38 05 25 77 24 00 425 57 27 00 70 73 00 71 121 14 283 176 176 178 33 89 89 57 . 40 45 815 68 40 45 » 89 72 82 88 89 1,164 00 19, 648 8, 772 14,821 11,546 16,024 46, 363 20 1,288 00 70, 812 66 14,876 5, 000 8, 748 7, 699 10, 036 124 00 98 25 08 19 16 Ul - N E W MEXICO. 2, 328 34 New^ Mexico* NEW 394 99 5 50 38 25 189 83 4,651 63 7, 608 54 YORK. F i r s t district* Second district*.t^. Third district* Eighth district Ninth-district* T e n t h district* E l e v e n t h district* Twelfth district*. T h i r t e e n t h district F o u r t e e n t h district Fifteenth district 1 Seventeenth district* Eighteenth district* Nineteenth district T w e n t i e t h district.. . . . Twenty-first district* Twenty-second district T w e n t y - t h i r d district* . . . . . . . , T w e n t y - f o u r t h district* Twenty-fifth district . . T w e n ty- sixth district* T w e n t y - s e v e n t h district* t T w e n t y - e i g h t h district* T w e n t y - n i n t h district Thirtieth district . ... . . '. .. ... 3, 391 3, 538 3, 000 3, 338 3,232 3,312 1,573 2,294 1,331 3, 035 1,844 1,326 1,331 1,836 1,248 1,324 2,226 1, 775 3, 053 3, 653 1, 326 1,635 1, 508 2, 960 1,331 6, 086 3, 662 45 46 00 81 10 90 19 05 05 44 76 93 05 37 60 33 15 56 57 46 93' 99 25 66 02 78 69 66,180 55 Total 4, 426 5, 307 3, 675 2, 950 2, 6.1.7 1, 332 604 1,061 640 1.276 1, 326 230 150 480 300 466 940 1,061 1, .330 1, 062 636 135 776 885 465 2, 354 4, 863 94 69 00 80 19 42 01 29 00 00 63 9o 00 00 00 50 00 29 64 64 77 30 57 52 35 40 36 41, 357 29 225 195 175 246 77 88 83 29 30 110 75 20 25 64 50 30 82 68 68 39 35 48 46 69 30 189 285 33 00 77 25 75 77 86 10 60 24 72 21 88 64 05 90 71 62 49 12 26 38 31 64 00 79 52 11 25 2, 493 91 47 50 8 25 .^. -. 3 00 1 25 3 00 3 00 2 50 1 50 13 75 35 25 48 55 11 00 6 91 435 00 .. 12 06 32-21 884 1,404 1,500 1, 100 280 241, 137 154 137 442 281 62 16 00 00 00 67 50 94 50 30 33 88 148 141 90 177 73 84 56 uO 47 443 88 15 111 21 444 106 575 67 46 26 50 00 44 67 87 47, 299 50 21,669 03 19, 853 27 10, 172 41 14, 127 62 5, 289 56 5, 872 90 5, 994 09 2, .336 82 6, 183 79 5,318 03 I,464 03 1.638 58 3, 765 89 1,483 84 1,535 45 4,733 60 3, 669 27' 4,893 04 4, 16L 28 2, 550 88 3, 007 76 . 6, 350 80 5,891 00 3, 854 87 11,244 99 24, 596 17 8,270 00 86 29 228, 959 47 27, 490 00 00 00 10 66 32 50 44 44 00 8, 007 5, 055 6, 098 13, 607 8, 983 8, 990 7, Oil 281 07 1,014 02 44 00 57, 753 90 13, 005 84 96,911 44 2 60 35 10 14 85 1, 326 92 95 54 133 33 8 70 15,338 89 5,889 39 1,603 47 20,180 00 12, 286 00 5, 586 00 52,780 75 26,118 99 13, 667 88 9 00 38 30 19 76 26 19 11 22 9 00 27 28 12 00 102 CO 5 29 29 98 19 70 19 15 37 75 49 95 8 24 9 00 51 35 30 00 1,095 14 9,143 49 75 10 30 34 53 76 150 120 86 166 265 137 88 44 41 20 17 2L 71 135 00 990 00 932 00 216 1,724 1, 948 828 00 00 00 00. 1, 812 00 7, 275 00 3, 360 00 64 541 34 32 162 89 28,215 04 17,815 18 20,904 66 11 311 79 8.303 67 9, .553 64 4 509 68 11 086 '07 §,•866 23 3 245 1, 247 3,251 3, 460 8,261 6 799 11 543 10, 975 5 472 5 045 8,7.54 12 071 5,796 27 791 36, 797 46 99 33 43 93 03 39 66 25 18 38 50 91 93 74 376,853 64 NORTH CAROLINA- First district* Second district T h i r d district * t F o u r t h district'' Fifth district* Sixth district Seventh district*. 2,106 2, 000 1, 800 2,805 3, 449 2, 488 2, 245 '. ...'. . 39 00 34 93 77 94 47 16, 896 84 Total 450 866 247 1, 475 2,711 1, 375 361 00 67 90 00 30 00 12 7, 486 99 52 42 45 53 77 136 5 37 41 59 40 34 42 00 412 53 „ 12, 227 02 6,136 48 5, 387 18 3, 562 08 1,591 94 914 15 Including items belonging to previous fiscal years not before adjusted. 16 25 65 89 45 01 57 50 58 84 32 14 06 76 20 2, 065 4, 453 6, 472 15 00 00 00 84 10,841 8,112 8, 308 20,251 19.993 19,677 9, 727 99 06 70 14 36 12 07 <: OHIO. F i r s t district T h i r d district F o u r t h district 16 25 143 24 75 84 28 90 t June quarter accounts not adjusted and included in this report for want of certificate. ^ H-i f G.—Statement showing the exxienses of assessing the internal-revenue taxes in the sevei^al collection-districts, ^-c.-—Continued. -to o • O SH OJ fl -.2 District. X 1 -2 a .-^ fl o Ifl o Q <n 1 " u • 3 "o fl •If 02 II p . cn Ocao SH fl 02 PH II §-|. > O -ii •si i| '^ . SH CO 1o O 33 o OHIO—Continued. $1, 682 5, 414 3,471 1,456 4, 544 4,578 4, 863 3, 299 1, 489 1, 710 1, 332 1, 400 2, .391 3, 454 1, 351 Fifth dist.rict* Sixth district* Ninth district* T e n t h district* Twelfth dist.rict* F o u r t e e n t h district * t Fifteenth district Sixteenth district* Eighteenth district Total 04 39 35 34 98 63 97 28 79 03 62 06 92 53 50 $532 97 666 65 1, 324 05 742 90 1,196 01 2, 669 265 211 490 519 236 1, 833 22 64 66 00 00 33 80 34 00 $22 34 113 33 96 25 68 18 71 44 25 69 45 90 23 72 32 42 00 72 50 50 0091 40 96 21 48 96 60 66,192 11 16, 778 52 1,031 68 2,312 28 48 00 •63 .34 3, 790 .36 3, 600 85 86 46 2, 456 54 2, 265 04 1, 364 00 2,109 50 2,219 25 1,712 40 1,577 70 1,761 02 2,124 04 1, 425 55 4, 572 66 3, 630 68 119 63 126 34 1, .591 884 400 1, 123 1, 065 862 600 798 790 750 42 77 79 57 143 42 29 59 21 27 $6 00 11 00 5 07 4 00 10 50 30 90 67 47 26 13 74 01 ,37 49 52 21 55 36 73 27 37 70 06 $1,252 00 3, 704 00 •3,756 00 87 70 67, 023 52 66, 438- 00' 50 50 4,247 01 $55 66 132 88 88 00 45 64 88 61 155 53 111 75 88 44 132 692 88 55 15 11 00 87 78 67 32 73 23 80 453 08 3, 429'55 47 44 297 00 31 05 14 16 480 .00 $22 32 22 88 7 43 30 58 10 12 68 18 34 51 31 8 23 23 20 00 61 52 69 82 41 47 73 22 $6 50 8 io 28 10 12 50 $1, 870 1,288 3, 817 2,065 3, 475 4, 055 3,117 2,834 2,754 2,756 1,468 3,172 2, 429 • 7, 575 1,511 6,102 3, 248 1,2.52 2,^212 00 00 00 00 2, 948 00 1,516 836 1, 400 160 00 00 00 00 $5,443 11, 207 12, 622 .3, 643 15, 092 •^13,161 9,491 11,102 4, 761 7,771 3, 479 6,816 6,103 15, 055 3,180 31 82 63 23 38 83 34 89 54 58 60 46 71 58 11 o 7, 065 57. PENNSYLVANIA. Ninth district* T e n t h district E l e v e n t h district Twelfth district T h i r t e e n t h district Fourteenth district.: • H 221, 501 63 OREGON. Fifth d i s t r i c t . . . fed O H O izl .• : , 93 37 00 08 93 17 00 00 00 00 00^ 93 67 87 42 58 57 85 20 50 ,16 20 6 25 31 00 20 16 P 7 8 20 40 48 49 5 00 49 76 85 03 76 66 89 88 00 • 442 31 176 82 198 94 177 -78 222 23 177 77 97 10 228 63 255 86 137 50 7 93 32 35 4 11 20 9 22 09 30 30 30 40 22, 520 22 24, 775 24 173 52 6, 903 82 6,978 26 2, 222 70 4, 498 88 6,591 90 4, 266 75 4, 120 40 3,927 77 5, 075 77 4, 851 24 2, 735 00 5, 582 50 3, 311 48 1,540 00 1,156 00 1. 860 00 2,504 00 1, 91.6 00 .3.3,785 38, 209 • 259 11,464 10, 431 4,281 11, 286 11, 794 8, 249 6, 485 8, 693 10,874 9,112 12 77 98 53 26 32 44 85 73 73 46 12 79 Ul Sixteenth district* " .". E i g h t e e n t h district* . .... .. T w e n t i e t h district Twenty-first district . . .. . Twenty-fourth district I Total 78 6 55 31 31 21 16 56 4 51 70 25 88 21 00 11 10 00 50 06 2, 327 61 1,867 82 1, 331 05 1,329 05 1, 649 40 1, 400 80 4,515 53 2,267 33 2, 468 27 1,628 59 1,326 93 707 90 240 00 348 88 185 00 361 60 1, 062 64 2, 732 84 831 34 710 44 47, 278 16 25, 576 39 1,179 37 2, 251 54 1,331 02 1,265 93 318 46 3, 582 56 19 00 12 00 5 00 15 69 7 1 7 41 1 36 42 Ol 275 57 04 25 54 43 95 25 OO15 00 23 176 88 66 88 106 94 82 800 13 117 92 50 67 89 35 26 00 00 78 33 803 37 4, 229 61 40 90 20 65 7 50 10 08 177 47 1, 584 39 61 55 17 58 - 2, 081 00 2,211 53 1,798 03 323 84 20 00 39 32 59 33 6, 090 56 323 84 75 40 8, 094 93 4, 595 15 2,716 95 ^3, 785 52 4, 890 05 3, 746 94 4, 500 93 7, 783 85 4, 322 20 4, 612 77 315 66 145, 955 76 33 41 12 70 29 34 57 -14 5,168 8, 896 652 2, 340 00 00 60 00 1,752 11,148 3,112 6, 896 9, 356 00 00 00 00 00 17,180 13 16,215 28 5, 082 79 7, 994 32 6, 863 75 7, 424 96 21, 429 34 16,813 17 14, 826 78 16, 608 82 69, 924 98. 295, 368 44 7, 576 61 2, 743 94 . 971 25 12 113 73 4, 601 62 177 47 10, 320 55 971 25 16, 715 35 39 06 88 46 51 35 213 33 4, 513 13 2, 985 57 3, 845 61 6,741 65 5, 236 42 6,291 49 118 65 90 41 301 79 11, 344 31 18, 269 56 1,134 30 460 00 796 51 530 75 1,595 00 746 .56 796 98 1, 593 96 30 73 9 00 34 53 54 38 49 16 14 45 21.82 103 66 42 206 159 128 360 53 85 533 50 18 40 35 1, 950 38 1, 662 91 3, 942 71 3, 525 86 8, 428 34 1, 943 49 3i 061 97 4,271 72 9, 952 00 10, 558 00 92 00 3 00 18 24 62 17 21 2 4 48 5, 008 26 5 118 19 6, 798 23 16,241 34 24, 251 26 3,964 36 - 5, 323 45 8,356 58 7, 654 06 817 73 3 00 198 68 320 43 28, 787 38 21,542 00- 75, 061 67 1,265 1, 062 1,100 1, 062 104 23 128 100 91 19 39 19 4 00 98 64 113 75 356 68 10 00 105 14 R H O D E ISLAND. " Total ' • S O U T H CAROLINA. F i r s t district* . ...: Third district Total TENNESSEE. P^'irst district*" Second district* Third district F o u r t h district t Fifth district Sixth district* |Seventh district E i g h t h district . ;... . 14, 669 37 24 00 40 39 80 00 85 00 66 95 67 00 00 35 06 33 1,569 02 33 225 43 18 940 00 TEXAS. 1,588 2,211 2, 293 2, 218 F i r s t district*! Third district Total : 91 53 96 40 8, 312 80 42 64 00 64 4,490 70 * Including items belonging to previous fiscal years not before adjusted, H w > d o t-H 1,831 95 1,815 33 1, 768 91 1,807 78 3,195 56 1,094 16 1,352 77 1, 802 .91 . : Total )-H .hrj 6 00 91 68 87 72 353 18 400 319 371 425 00 00 10 33 1,515 43 ^ 68 75 68 75 9,866 03 6, 6.34 41 8, 222 97 9, 770 29 34,493 70 ' 13 328 10 315 12, 305 13, 652 18 45 04 57 49, 601° 24 t June quarter accounts not adjusted and included in this report for want of certificate. H O (a.^-Statement showing the exxienses of the internal-revenue taxes in the several collection-districts, cfc.—Continued. to fl* o " 6 District. 1 oi - si §1 1 .2 fl o fl bOPi "o ^ o -o •.a ci > m s.. fl OQ P^ §1 fl.2 22 "o O Oi o UTAH. Utahf •... -. $20 00 $94 67 $450 00 $3, 598 34 18 00 40 10 41 82 13 50 28 50 65 91 70 84 132 58 65 46 184 50 567 29 890 68 1, 482 12 o 083 52 2, 574 00 3, 297 39 99 92 13 50 165 25 382 54 2, 940 09 7, 954 91 $1,250 00 $300 00 $9.49 1, 326 90 1,346 85 1, 384 61 10 25 165 00 120 00 4, 058 36 295 25 15, 722 5 VERMONT. First district Secoud district. T h i r d district* ' Total . • H O H O VIRGINIA. F i r s t district Second district* Thirddistrict. F o u r t h district* Fifth district Sixth district t Seventli district* Eighth district* -... ". Total 1,205 92 3, 981 82 3, 577 46 1,577 13 3, 590 60 1, 470 39 1, 458 39 1,393-76 135 1,421 1,722 733 1,593 1,326 793 320 00 21 95 23 96 61 65 00 21 143 275 45 67 66 55 33 09 93 53 70 79 58 51 39 12 50 3 00 4 178 39 175 65 136 15 118 37 56 21 81 22 35 00 77 64 00 $1,152 00 312 00 6, 899 16,886 12 654 10,947 13, 096 20 170 9 451 5,707 54 .59 31 51 27 15 68 08 o 95,813 13 Ul $65 10 135 83 103 57 733 29 853 19 328 35 40 98 265 00 109 11 1, 824 17 20 85 3, 489 46 4, 629 00 3, 149 07 1,252 00 6, 783 21 7,920 97 5,531 07 11,267 53 1, 252 00 20, 235 25 18, 255 47 8, 046 61 709 52 2, 210 97 530 63 13 60 2,173 74 1,400 51 1,834 65 1,063 00 532 97 352 00 4 20 45 74 91 87 6 00 31 96 16 30 44 15 44 45 53 33 5, 408 90 1, 947 97 141 81 6 00 92 41 97 78 15 50 16 07 66 54 75 90 03 09 00 12 75 10 22 • 220 120 93 133 222 5, 469 10, 009 6, 714 8,127 7,523 6, 992 3, 804 2, 586 24 85 ^ 51,227 20 9, 980 00 3,192 00 1,008 00 15,644 00 WASHINGTON. Washington 4, £94 46 WEST VIRGINIA. First district* Second disti'ict Third district * Total...: „ „ • 20 85 ' • WISCONSIN. F i r s t district Second district Third district Sixth district \. . . Total 4, 786 1,375 1,775 1,326 04 85 54 93 9,264 36 2,214 886 690 318 47 10 00 39 4,108 96 153 84 65 57 93 58 09 42 361 02 4 00 79 118 104 133 82 91 41 18 4 00 436 32 128 00 178 33 • 02 99 94 21 8, 536 00 1,952 00 24,498 16 10. 488 00 6,640 6, 286 7,200 4,370 458 33 764 66 22, 868 10,704 9, 967 6, 384 61 43 98 46 49, 925 48 WYOMING. Wyoming 2, 293 93 57 32 • 266 48 0 3, 079 82 462 09 RECAPITULATION. Alabama Arizoua Arkansas '.. California Colorado Counecticut . Dakota Delaware District of Columbia. Florida Georgia Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana ,.— Maine Maryland •. Massachusetts ..Minnesota Michigan Missi.iSippi Missour^i ' Montana Nebraska Nevada New Hampshire . New Jersey N e w Mexico New York 378 91 218 40 463 25 028 45 300 82 484 85 407 24 573 74 541 74 081 00 548 29 875 00 242 47 507 68 923 65 709 82 960^5 401 54 424 73 009 24 020 36 889 47 843 63 044 59 573 75 875 00 125 68 774 51 395 04 995 40 328 34 180 55 $3, 462 { 50 04 29 58 10 169 4.50 72 172 1,.325 1,532 1,000 5, 335 132 11,964 5, 191 2, 950 1, 061 11, 130 5,112 1,000 4, 902 11,506 1, 048 3,778 2, 968 7,612 750 825 862 1,315 6, 736 394 41,357 60 42 00 78 00 10 94 80 29 95 49 83 43 90 20 71 99 11 00 00 00 00 22 99 29 61 61 86 337 51 581 451 208 123 765 258 93 276 937 44 282 218 517 89 84 30 71 425 •5 .2, 493 * Including items belonging to previous fiscal y e a r s not before adjusted. $12 00 1.514 8;912 1,261 2, 966 53 9 20 17 1 75 00 83 50 50 9 00 23 50 5 30 29 00 37 90 7 23 7 11 19 16 45 25 50 25 75 00 50 10 3 00 27 00 47 50 $233 049 00 75 70 215 49 31 50 144 48 5 00 37 42 9 00 1.51 62 361 04 24 00 499 24 213 45 238 57 179 71 411 76 31 71 96 27 48 69 230 62 144 15 181 91 222 40 797 52 17 00 35 22 27 00 76 11 121 14 38 25 1, 095 14 $389 300 285 2,744 450 506 66 00 02 26 33 53 37 373 300 1,124 300 1,271 918 522 332 1,396 585 280 706 3, 047 429 1,047 709 1,687 442 65 179 257 815 , 189 9; 143 50 00 00 23 00 17 86 82 00 13 00 43 37 40 40 31 12 38 30 22 17 54 68 83 49 $118 45 102 00 "ig'so' 58 65 74 296 23 .1.30 942 69 05 90 80 95 23 50 47 50 18 00 5 00 64 80 932 64 40 45 '86*29' $19, 334 720 8. 769 35, 422 3,012 . 17, 845 1,750 5, 013 4, 489 7,127 37,138 4,231 58,912 26, 907 14, 232 6, 866 53,888 25, 868 9, 246 37, 546 56, 546 9. 290 22, 284 19,341 34, 782 5, 204 .5,610 2, 347 5, 885 46, 363 4,651 228, 959 32 00 22 89 25 16 82 66 45 55 93 52 81 28 54 80 84 28 55 68 46 "53 59 13 83 39 35 45 64 20 63 47 $1, 378 00 7, 555 00 '6,'828'66' 1,012 2, 322 59, 783 27, 855 4, 374 517 159,110 10, 283 1,124 13,807 19, 765 00 00 00 50 00 00 50 30 00 16 00 1,872 00 16, 634 33 145 00 1, 402 32 1, 044 00 1, 288 00 27, 490 00 ^30, 546 3, 257 16, 331" 67, 439 7,149 35,985 4,164 9, 048 8,007 10, 756 54, 940 8, 936 195, 333 97,372 34,512 10,921 257, 606 51,610 ' 18, 273 70, 368 117,079 13. 857 39,314 30, 585 78, 582 8,522 10,151 5, 220 13, 048 70. 812 7, 608 376,853 t J u n e quarter accounts not adjusted and included in this report for w a n t of certificate. 04 40 36 64 82 66 56 95 51 08 10 30 42 23 56 5L 57 78 30 40 68 58 59 92 72 81 60 13 15 66 54 64 d >—( H O bO Ol CO G.—Statement showing the expenses of assessing the internal-i'evenue taxes in the sev&i-al collection-districts, ^c—Continued. to RECAPITULATION—Continued. §•9 District. o <:« o O ^ North Carolina Ohio Oregon Pennsylvania . Rhode Island . . South Carolina Tennessee Texas.: Utah Vermont Virginia . : Washington . . . W e s t Virginia . Wisconsin Wyoming . . . . . Total . . . $16, 896 66,192 2, 312 47,278 3, 582 6, 090 14,669 8, 312 " 1,250 4,058 18, 255 2,210 .5, 408 9, 264 2, 293 84 il 28 16 56 56 37 80 00 36 47 97 90 36 93 $7, 486 99 16, 778 52 48 00 25, 576 39 1,584 39 323 84 7, 654 06 4, 490 70 300 00 295 25 8, 046 61 530 63 1, 947 97 4,108 96 $412 53 1,031 68 63 34 1,179 .37 61 55 118 65 317 73 356 68 9 49 99 92 709.52 13 60 141 81 361 02 57 32 $16 25 67 47 587,204 16 229, 085 56 14, 608 91 687 99 105 14 3 10 20 13 15 00 00 00 50 50 6 00 4 00 $281 453 47 803 17 90 198 353 94 165 733 40 92 436 07 08 44 37 58 41 68 18 67 25 29 98 41 32 .$1, 014 02 3, 429 55 297 00 4, 229 61 177 47 301 79 1,569 02 1,515 43 450 .00 382 54 853 19 265 00 97 78 764 66 266 48 46, 453 I $44 00 87 70 50-50 315 66 320 43 68 75 328 35 109 11 20 85 4, 376 36 $57, 753 90 $13,005 84 66,438 00 67, 023 52 4,247 01 69, 924 98 145,955 76 971 25 • 10, 320 55 11,344 31 28, 787 38 21, 542 00 34, 493 70 3, 598 34 2, 940 09 15, 644 GO 51, 227 20 1. 824 17 11, 267 53 1,252 00 10, 488 00 24, 498 16 462 09 1, 275, 336 93 564, 856 -18 $96,911 44 221, 501 63 7, 065 57 295, 368 44 16,715 35 18, 269 56 75,061 67 49, 601 24 5, 722 50 7, 954 91 95,813 13 4, 994 46 20, 235 25 49, 925 48 3, 079 82 o. H O W 2, 732, 420 66 o t.- Stat&ment showing the expenses of collectingJ the internal-revenue taxes in the several collection-districts, including the commissions, salaries, and extra allowances ofthe collectors; tKe office expenses ivhich are paid out of the commissions and extra allowances of the collectors ; and the assessments and collections from July 1, 1872,./o June 30, 1873. ^ ^ ^, Stationery Compensa- and blanktion. 1 books. District. Postage. j Total ex- Expenses of E x p r e s s anc Advertis- pense of col- administering. dep. money. lecting. ing ofiice. Assessments.!, Collections. ALABAMA. F i r s t districtt ... Second district T h i r d district* ..-.-.. . •. Total . .... :....-;.. $9,873 49 . $139 48 65 73 9, 348 50 75 14 9, 029 73 $.59 40 112 69 94 00 $3 00 5 30 $94 50 68 25 106 75 $10,166 87 9,598 17 9, 310 92 $7,180 33 6, 348 50 6,881 25 $169, .586 42 81,232 66 100,136 70 §80, 568 92 35, GOl 09 186, 254 74 28, 251 72 280 35 266 09 8 30 269 50 29,075 96 20, 410 08 350,955 78 302 424 75 5,498 21 2 50 .53 99 117 50 5, 672 20 1,905 38 19, 635 16 14, 238 87 3,860 05 5, 061 05 4, 893 80 14 22 75 06 4 00 86 30 63 33 95 51 32 50 40 00 112 50 3, 993 07 5,199 44 5,145 81 1,404 50 2, 997 55 1, 893 92 63,156 43 90.494 59 54,614 81 25, 258 60 37, 483 07 31, 522 18 13, 814 90 93 28 245 14 40 00 145 00 14, 338 32 6, 295 97 208, 265 83 94. 263 85 163 46 253 00 265 9 0 . 38, 673 7, 423 10,341 11, 507 ARIZONA. ^ f ARKANSAS. F i r s t district^^ Second d i s t r i c * t t - . - . T h i r d district* ... .' Total CALIFORNIA. F i r s t district* T h i r d districtt F o u r t h disirict Fifth d i s t r i c t * . . . . - . . . . ! < .".. .... ......... Total...............!......., 37, 879 7,218 9,378 8, 323 34 45 83 02 62,799 64 149 62 • 224 55 97 68 94 03 492 62 _ 248 98 351 173 80. 99 45 1 00 231 43 133 2, 690 67 73 43 94 24 85 65 89 23,144 5, 038 7,783 5, 965 87 98 57 36 2,451,223 345, 929 246,852 164, 413 35 78 26 61 1, 999, 273 112,908 174,218 89, 643 H O 12 91 99 86 872 24 3, 099 77 682 36 67, 946 63 41, 932 78 3, 208, 419 00 2, 376, 044 88 99 30 19 60 131 00 8,486 15 5, 674 93 74, 069 02 76, 274 56 12 58 6 20 63 75 27 00 -8, 5, 2, 5, 4,444 3,143 700 1,591 COLORADO. Colorado- .........: .;...... ^........:. _' . CONNECTICUT. F i r s t district ^ . . . . . . . . . . ....—.. = Second district Thirddistrict ........ ........ F o u r t h district Total 8,174 93 . ...:...... ........ '. ' . . . . . . 8, 244 . 5,501 2,279 . 4, 885 12 26 61 89 20, 910 88 . 61 32 ' 64 . 3 12 46 23 00 66 33 126 22 . 223-00 59 98 55 00 84 41 , 422 39 1 , - 19 44 18 50 38 22 109 25 607 597 347 054 6S 44 27 57 21, 606 96 70 91 00 75 9. 880 "36 617,347 210, 470 54,016 153,501 27 90 13 48 498. 758 67 194, 806 04 51 390 01 129,030-25 1, 034,335 78 873,984 97 IN:) ox H.—Statement showing the expenses of collecting4he iniei'nal-revmiue taxes in the several collection-districts, including ihe eommissions, salaries, and extra allowances of the collectors ; the office expenses ivhich are paid out of the commissions and extra allowances of the collectors ; and the assessments and collections from July 1,1872,.to June 30,1873. '^ . , District. . Stationery Compensa- and blanktion. books. ' . Postage. Total ex- -Expenses of Express and Advertispense of col administerdep. money. ing. ing office! lecting. Assessments.t $94 50 $10,166 87 $7,180 33 68 25 9,598 17 1 6, 348 50 106 75 - 9, 310 92 6,88125 $169, 586 42 81, 232 66 100,136 70 $80, 568 92 35,^601 09 186,254-74 20, 410 08 350, 955 78 302, 424 75 5, 672 20 . 1, 905 38 19,635.16 14,2B8 87- Collections. • ALABAMA. First districtt. . . . Second district Thirddistrict* - - - — • - — . . . . - Total. - - $9, 873 49 - $139 48 65 73 9, 348 50 9, 029 73 75 14 . $.59 40 112 69 94 00 $3 00 5 30 28, 251 72 280 35 266 09 8 30 5,498 21 2 50 .53 99 3, 860 05 5,06105 4,893 80 ,14 22 75 06 4 00 86 30 63 33 95 51 40 00 112 50. 3„993 07 5,199 44 5,145 81 1, 404 50 2, 997 55 1, 893 92 63,156 43 90, 494 59 54,614 81 25,258 60 "37,483 07 31,-522 18 13,814 90 93 28 245 14 40 00 145 00 14, 338 32 6, 295 97 208, 265 83 94, 263 85 163 46 253 00 265 9 0 . 38, 673 7, 423 -10,341 11„507 269 50 29,075 96 ARIZONA. Arizona . 117 50 [ARKANSAS. First district^^ Second distric*tt Third district* ! i Total 32 50, CALIFORNIA. First district* . . . . . . . Third districtt F o u r t h disirict Fifth district* . . . . - . . . - ! ---- 37, 879 7,218 9, 378 8,323 --- Total 34 45 83 02 149 62 • 224 55 97 68 94 03 248 98 351 173 80 99 .45 00 ' 231 43 133 2; 690 67 73 43 1 94 24 85 6589 23,144 5, 038 7, 783 5, 965 87 98 57 36 2,451,223 345,929 246, 852 164,413 35 78 26 61 1, 999, 273' 112,908 174,218 89, 643 t—l H O 12 91 99 86 62, 799 64 492 62 872 24 3, 099 77 682 36 67, 946 63 41, 932 78 -3,208,419 00 2, .376, 044 88 8,174 93 61 32 99 30 19 60 ' 131 00 8, 486 15 5, 674 93 74,069 02 76,274 56 12 58 6 20 63 75 27 00 '8, 607 5, 597 2, 347 5,054 4, 444 3,143 700 1,591 COLORADO. Colorado CONNECTICUT. F i r s t district ^ Second district Thirddistrict F o u r t h district Total . .. . . . 8,244 _ 5,501 2,279 4,885 12 26 61 89 20, 910 88 64 . 3 12 46 23 00 66 33 126 22 . 223 00 59 98 55-00 -84 41 - '.' 422,39 1 , ^ 19 4 4 ! 38 22 18 50 109 25 68 44 27 57 21, 606 96 70 91 00 75: 9,880 36^ 617,347 210, 470 54,016 153, 501 27 • 90 13 48 • 1,034,335 78 498,758 67 194,806 04 51 390 01 129,030-25 873,984 97, CTT cn Twelfth district... Thirteenth district, 26 70 138 79 103 00 1 55 22 50 154 00 8,252 77 5, 812 84 95, 757 77 1,335 21 1,661 32 192 61 795 63 99, 742 54 79 75 232 50 166 35 8, 288 53 4, 997 32 8, 675 21 10, 740 88 2, 807 43 7.122 19 6,811 32 6,904 10. 5, 098 99 3, 649 74 4, 742 11 3, 316 67 1,576 21 4,630 23 5, 522 50 1,175 00 2,150 00 2, 120 12 1, 569 47 1, 537 45 1,811 55 2,193 23 69, 837 82 27, 602 43 8, 063 23 5, 555 84 Total 3, 862 40 1, 950 91 45,4.34 87 738, 765 45 89, 972 90 442,069 11 44,010 68 19,175, 492 14 16, 607, 333 48 INDIANA. >^ First district Second district— Third district* Fourth district Fifth district Sixth district* Seventh district — Eighth district* Ninth district Tenth district Eleventh district* •. Total 7, 935 70 4, 502 29 8, 302 40 10, 335 45 2, 625 90 6, 884 88 6,619 53 6, 750 93 4, 970 96 3, 504 66 4,563 93 98 08 91 53 86 79 91 68 30 03 23 52 19 23 1 85 8 80 37 59 175 00 171 00 111 82 287 16 115 25 135 94 75 56 45 00 49 48 24 00 139 53 66, 996 63 489 10 1, 329 74 7 85 26 59 7 25 6 86 48 55 29 77 97 106 69 76 38 00 85 00 32 75 63 65 • 973 80 1,112,279 96 141, 537 85 864, 558 19 3,026,813 89 48,144 67 610,712 19 919, 629 62 436,384 64 156,180 91 76, 856 64 36,279 59 952, 941 78 97 651 70 581,046 62 2,438,180 15 36, 512 98 467, 826 35 570, 333 43 351 201 60 137, 350 55 66, 820 97 42, 443 58 7,429,378 15 5, 742,309 71 I—( IOWA. First districtt Second district Thirddistrict Fourth district Fifth district Sixth districtt ". Total 00 77 55 33 50 53 10 34 28 66 3 45 55 105 56 217 24 469 24 1,238 68 58 57 458 43 5,178 10 99 25 187 50 6,256 13 2,902 62 4,933 26 7, 488 70 10;i07 13 11, 085 87 12, 346 90 5,815 84 6, 450 38 177 53 88 39 179 50 37 98 105 61 322 72 65 00 85 98 215 00 339 96 134- 06 3, 815 89 6,464 11 7, 568 96 3,161 13 4, 029 49 2, 555 70 • 89 20 27, 595 28 78 78 54 99 114 01 86 59 45 67 62 189 .449 237 205 94 2 30 13.82 30 05 50 58 00 3, 95S 97 6, 777 99 8, 237 57 3,551 89 4, 526 90 2, 766 88 1,102 14 2, 182 76 2, 973 00 1,121 77 2, 029 49 1, 332 80 29, 820 20 - 10,741 96 188,120 63 323,164 06 459, 622 75 64,081 11 70,155 85 31,543 37 1,136,687 77 118,233 85 268,518 55 412,006 68 55, 371 18 55, 465 34 36, 001 57 945,597-17 O KANSAS. Kansast* . . ^ 5, 464 85 2, 955 52 121, 531 96 104 789 67 KENTUCKY. First district* Second districtt Third district* Fourth district Fifth district Sixth district* Seventh district Eighth district.' Ninth district* Total , 67, 386 83 73 86 226 99 79 52 48 92 04 29 29 23 ' 883 17 1,485 81 .3 50 615 80 1 55 4 00 15 90 640 75 52 50 9 114 16 101 23 20 00 00 00 50 25 75 337 00 6, 669 16 3, 028 99 5, 038 87 8, 509 70 10,374 60 11,413 89 12,766 69 6, 274 24 6, 657 42 ^ 70, 733 56 1, 447 94 1, 636 00 340 00 2, 565 18 5, 185 04 6, 207 79 4, 737 49 1,410 78 3, 264 94 26, 795 16 351, 467 04 193, 329 99 125, 562 59 97, 907 58 157, 703 16 118,655 87 484, 145 99 345, 055 47 2, 296, 527 14 1, 832,197 40 2,374,241 35 1,61.5,776 55 1,083,889 94 924,529 12 171, 937 .32 139, 020 61 101 753 6Q 186, 498 48 7,231,973 OL 5, 368, 226 28 to cn to H.—Statement showing tlie expenses of coltecting the internal-revenue taxes in the several collection-districts,, ^c.—Continued. Cr< 00 Compensa- Stationery and blanktion. books. District. Postage. T o t a l exof E x p r e s s and Advertis- pense of col- Expenses administerdep. money. ing. lecting. ing office. Assessments. | Collections. LOUISIANA. First district Second districtt Third district!. : -...; .. . . Total . $15,897 61 6, 723 41 4, 972 95 $100 60 20 56 42 19 $20 00 23 23 19 35 $3 84 103 00 $22 50 5 00 10 00 $16,044 55 6, 875 20 5, 044 49 $11,398 17 3, 736 07 2, 722 95 $1, 525, 691 20 14, 944 74 14, 489 63 $1,261,368 61 26,145 44 30,146 50 27, 593 97 163 35 62 58 106 84 37 50 27, 964 24 17,857 19' 1,.555,125 57 1,317,660 55 598 838 396 214 681 161,636 33, 238 24,818 32, 990 24,071 124,363 27,868 19,110 25,864 17, 087 MAINE. F i r s t district Second district* T h i r d district . F o u r t h district Fiftbdistrict ! -. 4, 787 2, 428 2, 073 2,275 2, 012 - 01 98 25 88 62 14 50 13 • 24 35 08 78 72 50 56 76 . 98 94 46 60 2 24 7 39 00 50 20 72 88 15 37 26 38 16 00 00 48 83 25 4,894 2,622 2,207 2, 385 2,125 33 65 65 93 31 98 53 00 23 10 39 24 04 72 11 19 .53 03 49 25 O 6 • Total.. 4 13, 577 74 138 64 376 30 8, 448 10, 699 4, 407 6,467 118 118 45 24 205 79 48 120 9.63 133 56 14, 235 87 2, 728 84 8, 846 10, 951 4, 561 6, 712 3,792 7,165 1, 881 3, 424 -276, 754 50 214 293 49 MARYLAND. First district* . . . . . . ^ Thirddistrict F o u r t h district Fiftbdistrict* Total . 55 87 42 81 30, 023 65 i.i 64 41 57 91 307 53 9 50 59 50 95 00 12 70 39 20 454 04 61 40 Total . . . . . . . . > 25 52 14 50 225 41 53 30 78 42 31, 072 03 63 13 98 03 16,263 77 862, 901 1, 797, 829 161, 677 322, 623 51 75 05 07 3,145,031 38 752, 086 ,1,570,063 95,173 252,160 03 45 95 39 2, 669, 483 82 • MASSACHUSETTS. First district Second district . . . •. T h i r d district F o u r t h district .. . Fifth district Sixth district Seventh district . . . . . . . . . . . . . . . . . . . Eighth district Ninth district T e n t h district 64 53 47 60 . 4, 693 26 3, 049 14 9, 821 78 8,817.97 6, 5d6' 63, 9,039 18 4,143 64 3,130 50 3, 420 07 7,479 69 60,101 86 96 395 76 98 23 19 50 33 67 32 74 46 11 65 42 24 26 33 860 53 74 18 91 64 • 62 46 93 00 69 00 96 00 51 70 44 86 183 00 131 75 897 59 18 92 4 02 2 78 .4 75 . 16 70 17 80 64 97 58 55 41 48 ,12 28 30 • 23 36 26 H W !zj O W. Ul 4,825 69 25 3, 292 34 24 25 . 10,340 15 9, 036 18 75 00 6, 689 76 25 • 9, 189 86 15 4,249 66 00 3,248 60 50 3, 689 53 25 7, 722 82 359 64 62,284 59- 2, 009 1, 955 5, 060 5, 030 2, 006 5,469 2. 0.54 1, 033 1,866 3, 008 00 01 23 99 63 16 44 06 44 82 29, 493 78 92, 399 59, 769 1, 456, 835 858, 626 358, 396 718,354 101,135 85, 034 97,901 420, 866 57 95 07 56 88 45 26 78 51 70 4, 249, 320 73 132,328 51,637 1, 488, 093 552,823 319, 630 646, 000 - 88,121 55.301 62. 214 377,065 98 65 26 85 49 60 30 01 98 10 3,773,217 22 MICHIGAN. First districtt Second districtt Third district* t Fourth district Fifth district*t Sixth district* • 7, 670 56 2, 436 58 3, 636 73 4, 337 08 4, 130 12 6, .658 80 .' Total 94 31 20 06 29 14 46 30 37 96 35 96 67 51 186 123 30 131 55 83 7, 831 94 2, 507 64 3, 852 43 4,573 11 4,198 74 6,896 90 3, 668 96 963 00 158 80 1,536 84 138 89 1, 846 36 1,736,543 86 19,084 24 84, 763 82 114,765 02 34, 654 44 219, 933 19 1,510,023 12 47, 084 56 74, 995 06 94,569 34 34,111 89 224, 336 50 2, 209, 744 57 1,985,120 47 07 00 56 00 66 36 5 58 61 15 14 95 28, 869 87 263 73 589 65 20 53 116 98 29, 860 76 8, 312 85 4,711 03 8,173 08 56 64 94 74 261 40 263 24 27 55 145 00 277 17 5,201 62 8, 808 23 2,211 03 3, 918 49 90, 671 65 170,119 78 66, 475 47 161,248 90 12, 884 11 151 38 524 64 27 55 422 T:- 6,129 52 260, 791 43 227, 724 37 3, 276 89 8, 693 52 9,053 77 50 03 61 28 128 42 44 97 170 93 275 92 31 85 7 60 36 75 15 00 286 50 1, 555 19 6,193 59 5, 236 73 41, 948 45 116,463 63 119,577 .32 43, 648 73 21, 024 18 239 73 491 82 39 45 338 25 12, 985 51 277, 989 40 L28, 794 29 MINNESOTA. First district Second district* Total D 14,009 85 MISSISSIPPI. • First district Second district Third district* . Total 3, 440 49 8, 940 73 9, 752 21 22,133 43 31,304 45 53, 84M1 w >a o I—i MISSOURI. First district* t Second district*t Third district Fourth district Fifth district* , Sixth district Total , 12, 097 50 306 87 6,724 07 48 08 4, 699 38 . 64 08 94 31 5, 585 53 110 92 5, 002 65 10, 507 09 162 01 44, 616 22 786 27 6,941 16 13 60 26 00 143 11 162 80 145 18 475 73 308 40 5 00 49 09 1, 261 22 161 08 15 10 8 19 67 40 16 30 63 57 175 240 201 00 00 50 40 57 12, 435 37 7, 027 35 . 4, 998 36 6, 008 71 5,897 10 11,195 .37 9,911 04 4, 087 25 1,472 00 1, 080 16 2, 795 01 7, 602 05 737 47 47, 562 26 26, 947 51 71 50 7, 065 26 5, 599 00 3, 080, 240 72 2, 499, 577 61 71, 861 39 133, 441 75 119,562 51 180. 286 29 212, 400 45 352, 880 08 128, 197 46 197, 060 20 376, 207 02 700, 007 08 4,643,916 12 H O 3, 407, 806 44 MONTANA. Montana *1 39 00 79, 702 31 36,173 15 ... . NEBRASKA. Nebraska ..., 12,180 87 141 68 209 92 13 56 305 25 12, 851 28 9, 510 12 35 31 121 98 24 65 274 31 9, 771 25 7, 737 11 552,091 52 305, 273 35 NETADA. Nevada 9, 315 00 84, 062 01 83,237 18 Cn CO to at) H.—Statement showing the expenses of collecting the internal-revenue taxes in the sevei^al collection-districts, ^c.—Continued. o Compensa tion. District. NEW F i r s t district Second district T h i r d district Stationery and blankbooks. Postage. Total ex- Expenses of Express and Advertis- penses of col- administer dep. money. ing. lecting. iug office. Assessments. J Collections. HAMPSHIRE. 1 ......... . Total $149 00 68 30 103 63 $7 99 3 76 $27 00 18 00 29 13 $5, 747 92 4,680 22 2, 270 71 $1,162 68 1, 385 70 413 60 $241,845 87 94,167 90 28, 324 09 $197, 440 96 105, 509 70 18, 349 48 150 65 1 320 93 11 75 74 13 12,698 85 2, 961 98 364,337 86 321, 300 14 6 83 84 12 199 51 94 2.35 133 72 5 00 38 86 34 00^ 2, 299 1,638 3,932 1, 930 7,615 $5, 531 65 4,555 10 2, 054 64 $40 27 30 83 i 79 55 12,141 39 5, 005 5, 808 8, 500 6, 438 10,874 NEW JERSEY. F i r s t district* Secoud district Third di.strict* F o u r t h district Fiftbdistrict* . . . ... . . Total ; 18 93 ! 19 36 17 30 73 15 41 75 00 55 25 00 00 136 80 36 00 35 05 100 30 5,101 6, 0-26 8, 855 6, 755 11,246 48 07 59 62 22 81 49 81 97 72 160, 424 441,661 719,475 400,195 1,193,585 83 97 05 73 50 159, 219 273, 948 518,047 388, 786 1, 286, 048 76 36 90 32 74 36, 626 83 386 34 585 80 180 66 205 35 37, 984 98 17, 417 80 2, 915, 343 08 2.626,051 08 6, 253 43 83 95 61 84 28 52 80 00 6, 507 74 3,969 12 38,153 87 42,821 45 O H O W N E W MEXICO. N e w Mexico* NEW YORK. First district 'Second district * Third district* Eighth district Ninth di.strict i T e n t h district E l e v e n t h district* Twelfth district* ' T h i r t e e n t h district F o u r t e e n t h district* Fifteenth district Sixteenth district. . . . .. . Seventeenth district Eighteenth district Nineteenth district '. T w e n t i e t h district T w e n t y -first district * .• Twenty-second district T w e n t y tbird district* . ...... . ". . ^ . .. ..... ..... 21, 482 43 16,396 15 13, 080 77 12,881 67 11,921 35 8.251 89 5,144 11 6, 222 36 '.... 4, 8.55 84 8,190 61 5, 770 08 2, 406 72 2, 394 31 4,735 85 2,827 34 3, 137 71 6,215 73 4,671 35 1 7, 613 85 234 233 120 79 66 75 81 89 15 131 41 13 5 85 42 31 39 41 50 75 38 58 76 17 55 25 50 59 80 25 47 '""ri'hV 25 25 151 128 10 59 60 155 127 164 56 85 102 101 101 228 76 122 70 281 77 50 70 00 91 00 50 60 90 00 50 70 14 00 10 94 18 00 77 00 . 27 52 87 30 63 20 57 60 58 80 3 5 11 19 3 2 18 13 10 30 94 30 61 50 42 29 18 26 23 30 29 29 18 17 62 36 74 90 67 05 00 50 40 66 5 80 12 27 1 88 15 19 50 00 00 50 25 50 25 75 50 75 00 21, 983 16, 7.58 13, 331 13, 079 12, 047 8, 581 5, 388 6, 549 4,998 8, 452 5, 945 2, 5.57 2, 540 .5, 083 2, 965 3,315 6,321 5,031 7, 733 17 16 96 82 85 64 60 77 00 95 .38 61 56 44 99 11 03 75 10 16,985 53 11,126 94 8,541 08 ' 8, 225 47 7,505 14 4,357 66 2,0,37 91 2, 207 21 644 46 3, 807 55 2,141 67 605 96 1, 495 20 1, 805 36 1,478 57 600 00 1,416 66 1. 7.30 91 3,185 75 4. 420, 670 81 2, 440, 500 92 2, 071, 014 90 866,610 78 1, 025, 853 00 691,961 42 250,910 56 262, 368 30 135,410 41 696. .339 70 229, 782 48 34,299 78 40;171 42 142,964 07 58,106 23 70, 648 46 334, 610 55 115,0.34 29 411,934 98 4, 065, 010 2, 445, 279 1,961,195 802,156 1, 008, 092 534,691 147, 964 260, 290 132, 978 1, 242, 673 226, 780 30, 224 29, 810 119,447 44, 244 54, 590 294, 675 .103,207 412,925 61 48 36 96 39 70 11 25 36 17 20 20 35 73 36 22 66 28 26 Q Ul T w e n t y fourth district.. Tweuty-fitth district Twent3'-Kixth d i s t r i c t . . . T w e u t y - s e v e n t h di.-^.trict Twenty-eighth district*. T w e n t y - n i n t h district*.. Thirtieth district* Thirty-second district*.. .351 58 783 73 264 73 552 67 966 63 616 52 956 23 329 83- Total 214,022 04 NORTH First district Second district Third district * t F o u r t h district* Fifth district Sixth district S e v e n t h district* „ '. Total 42 17 9 94 39 25 31 05 52 96 12 17 217 90 184 21 • 361 66 89 02 56 69 246 75 17 82 71 00 115 56 137 30 11 36 16 31 4 98 5 50 29 00 46 87 38 00 52 86 39 90 59 50 61 00 29 40 270 29 1, 962 34 7, 795 77 4, 929 56 5, 398 67 6, 899 64 8, 082 29 3,764 69 10,3.50 69 20, 685 19 2, 851 36 l,2(;-0 17 1,807 82 3, 560 91 3, 436 20 1,223 98 5, 315 67 14, 295 16 220, 572 39 113,590 30 654,214 47 483,665 08 199, 828 43 116, 968 30 298, 905 84 174,192 45 183,434 14 157, 384 42 661,255 14 580, 277 98 111,842 93 80, 669 73 1. 680, 582 61 1, .546, 709 64 2,511,268 36 2,230,525 18 20, 600, 524 98 19, 286, 630 43 CAROLINA. 4,211 42 5,621 33 5, 246 50 9, 513 46 9, 832 83 8, 744 23 5, 818 08 48, 987 85 57 42 1.37 206 204 41 65 40 85 31 127 124 45 113 186 150 42 48 40 80 16 59 70 00 647 63 790 13 270 126 36 38 96 156 66 00 179 56 55 52 99 24 44 71 75 42 44 10 174 33 71 75 71 65 76 98 21 76 69 00 83 83 178 79 98 30 140 00 112 63 37 75 36 25 70 62 00 24 49 28-55 34 53 95 51 25 50' 25 00 308 00 4, 376 65 5, 839 40 5, 293 00 9, 860 52 10, 279 32 9,219 52 5, 980 94 50, 849 35 1,932 .57 2,891 33 2, 996 50 6, 965 47 6, 843 33 8, 302 00 3, .37 7 95 33,309 15 59, 450 04 -73,744 10 93, 040 92 535, 902 45 613,481 07 310, 120 19 76,291 09 38, 929 32 56, 409 77 46, 034 78 474. 647 05 541,332 63 252,126 40 43,681 79 1,762,029 86 1,453,161 74 8, 565,419 91 2, 005,509 10 832, 166 74 127, 1.56 83 726. 846 03 722, 182 25 45! 641 00 943, 446 07 1,253, 670 02 668, 059 34 657, 104 89 39, 147 14 88, 883 07 133. 060 79 1.52;456 16 274, 141 51 743, 217 26 106, 441 41 7,161,277 23 1, 495,458 80 699, 070 56 70, 012 77 468, 953 45 495, 343 53 38, 400 17 739, 219 79 1, 091,836 75 575, 446 63 584, 395 47 42, 723 79 58, 070 97 95, 313 47 73, 119 43 198, 479 48 720, 189 71 63, 949 93 18,085,140 52 14,671,261 93 f-i Eirst'district T h i r d district F o u r t h district Fifth district Sixth district*! Seventh district Eighth district* Niuth district* T e n t h district , E l e v e n t h district Twelfth district* Thirteenth districtt... Fourteenth district.. Fifteenth district* . . . Sixteenth d i s t r i c t * . . . Sevent,eenth district. E i g h t e e n t h district* . Nineteenth district . . Total Oregont . 672 39 285 51 854 93 629 19 098 88 000 46 833 75 422 92 530 99 548 78 162 85 406 71 282 35 t 4 3 42 712 51 753 80 342 21 431 02 117,512 67 5, 768 90 05 69 51 43 15 06 75 59 78 85 45 61 44 38 98 22 15 21 77 42 44 118 25 13 81 155 76 13 12 1,663 57 83 00 10 74 5 2 46 8 5 6 1 13 66 28 92 64 01 37 87 97 74 2 62 5 20 72 21 31 51 50 00 00 50 38 25 31 75 SO 25 35 75 98 12 54 50 4 94 2 87 13 20 39 25 .68 25 45 00 42 50 74 50 48 53 191 42 832,65 18, 091 07 13,107 86 11, 687 42 6,624 18 6, 983 24 2, 243 01 3, 821 28 1, 348 .33 6, 286 .38 2, 632 22 8, 278 20 3,316 92 2,915 72 1, 192 53 7,744 15 2, 605 38 8, 725 91 3, 982 41 6, 779 99 1,998 79 6, 334 05 1, 486 26 2, 450 62 1, 256 70 3,414 99 1,214 44 4, 743 14 2, 573 42 4, 0.54 55 1.312 34 5, 913 35 i;516 35 9,715 34 4, 9.50 00 3, 618 50 1, 422 60 121, 557 90 ,917 3! 54,783 74 2, 970 97 106, 747 36 70, 087 91 3 I—< O a:) H.—Statement showing the expenses of collect-in(j the internal-revenue taxes'in'Jlie several collection-districts, fc.—Continned. Stationery! Compensa- and blank- Postage. tion. books. District. Express and Advertisdep. money, ing. rs:) a:) Total ex- Expenses of penses of administercollectyig. ing office. Assessments^ ^8, 797 23 11,887 38 6, 259 47 5, 842 53 3, 238 37 5,516 16 6, 465 33 7,233 56 5,198 51 5, 785 54 2.810 59 4,845 58 6.811 14 5, 337 48 3 814 06 6, 372 34 5, 983 79 4, 639 77 9, 393 23 9, 329 96 8, 308 11 5, 135 14 $1, 228, 949 92 $1, 085,956 71 2,102, 967 89 1,747, 700 21 273, 475 92 324, 722 49 416.197 04 362, 640 12 62, 603 50 53, 028 11 332, 582 10 253, 967 27 308, 279 78 284, 512 19 195, 567 77 170, 260 22 148,180 36 147, 540 79 283.198 59 200, 123 70 66,071 15 36, 163 51 154, 970 36 107, 916 44 347, 797 17 290, 961 51 188,441 59 119, 920 31 92, 808 23 52, 098 90 78, 793 17 89, 088 99 131,891 51 114, 402 75 124, 527 05 96, 495 33 707, 588 10 549, 463 76 1,098,519 18 860, 651 81 539,812 72 469, 996 94 169,200 60 128, 015 22 Collections. PENNSYLVANIA. First districtt S econd district* Fifth district Sixth district Seventh district Eighth district Ninth district* Tenth district* Eleventh district* Twelfth district...-. Thirteenth district Fourteenth district Fifteeenth district Sixteenth district* Seventeenth district * Eighteenth district* . Nineteenth district Twentieth district. '. Twenty-first district*.; Twenty-second district Twenty-third district Twenty-fourth district* ! Total : 693 29 503 90 975 26 760 07 090 84 419 69 380 30 067 69 981 27 531 40 603 69 624 48 586 65 062 90 664 85 188 26 796 64 431 29 177 32 190 88 123 97 895 97 , 113 83 70 08 2 71 18 85 42 37 26 23 61 62 15 24 54 30 31 65 42 10 80 17 59 82 25 21 33 28 6 63 37 92 76 97 49 05 66 64 21 30 1,001 83 $4 75 72 00 152 00 59 25 101 00 44 50 38 80 66 65 .158 00 174 70 108 35 119 50 117 46 146 42 83 65 73 39 76 39 130 00 123 44 57 78 75 00 189 07 2, 172 10 $1 33 61 45 1 60 5 14 19 90 2 3 7 17 40 5 56 39 60 66 13 81 179 20 $32 00 136 20 62'13 20 50 17 55 9 60 20 00 36 00 44 00 20 00 47 00 59 50 24 30 64 95 32 75 .^9 75 64 UO 34 75 15 50 32 25 42 50 26 30 901 53 139, 005 27 $6, 225 98 9,108 74 1,953 17 1, 868 40 945 10 892 39 1, 949 67 1,595 27 768 34 2,898 29 1,256 34 1, 457 54 3, 329 48 1,55L 36 1, 355 81 1,824 35 3,296 64 1,816 90 4, 594 32 4, 593 05 3, 610 93 2, 566 24 59, 458 31 9, 050, 423 70 7, 545, 627 28 O O a •Ul RHODE ISLAND. First district .. Second district • Total .; SOUTH First district Second district Third district" Total 6, 473 35 2, 621 77 2 49 36 49 9, 095 12 38 98 5, 619 90 6, 144 23 5,444 09 114 36 23 75 70 28 58 00 14 00 4 40 2 00 39 25 27 00 6, 577 49 2,70L 26 2,551 10 521 95 347, 345 07 40, 944 32 3, 073 05 388, 289 39 287,159 81 37, 392 36 CAROLINA. , 17, 208 22 173 26 115 61 133 48 19 86 2 85 4 10 277 00 146 60 33 75 6,204 38 6, 433 04 5, 685 70 18,323 12 2, 970 95 3, 773 00 2, 944 09 55, .567 38 73,066 11 98,618 16 227,251 65 33, 607 38 63, 547 36 72, 345 64 TENNESSEE. First district* Second district* Third district Fourth districtt Fifth district Sixth district*t Seventh districtt Eighth district* 4, 660 28 7, 705 40 5, 730 UO 4, 121 39 8,528 66 3, 454 55 1, 604 70 8,191 26 ~ ! Total 30 23 64 74 68 102 28 204 64 22 36. 49 83 19 72 14 43 21 41 00 64 35 20 00 86 00 35 43 55 00 • 176 77 3 05 -22 10 7 00 113 00 47 50 4, 745 78 7, 779 62 5, 858 71 4, 222 .58 8, 708 39 3, 603 27 1,801 42 8, 622 72 2,149 02 3, 913 27 3, 730 00 2, 621 39 5, 442 63 2. 454 57 781 65 3, 988 40 20 80 207 10 45, 342 49 25, 080 93 182 172 80 77 8, 475 79 10, 996 02 6, 477 22 12, 282 58 5, 793 56 4, 523 58 3, 480 90 1, 056 73 150,457 96 59, 725 88 106, 771 25 141,101 84 99,262 28 47, 885 03 73,105 76 116, 446 84 20, 854 77 458, 056 93 336,699 91 2, 665 50 56,141 33 51,591 95 17, 718 89 63. 492 60 26,179 62 18, 978 84 36,611 31 22,411 64 4 15 6 70 2 80 4 10 7 50 10 00 54,051 14 95, 000 19 132, 234 83 135, 768 92 303, 877 49 42,073 91 64, 908 72 316, 377 34 29, 795 89 51,937 43 54, 263 28 60,234 15 259,234 25 19, 633 83 25, 442 28 196, 766 08 43, 996 24 596 59 521 76 8, 012 41 9, 153 38 6,238-74 11,626 72 152 80 120 72 30 12 108 156 124 191 35, 031 25 303 64 580 47 1,803 10 5, 098 83 57 68 223 89 64 48 2,069 36 2, 608 30 2,172 35 . 9 32 34 25 36 79 63 00 196 99 7 67 3 70 4 50 43 63 26 00 2,119 97 2, 756 85 2, 399 04 125 00 254 89 506 99 6, 850 01 43 57 296 78 11 37 74 13 7, 275 86 886 88 3, 624 74 8,480 52 13, 295 84 6,118 46 12,107 69 8, 405 45 3,434 07 2,871 85 21 00 57 36. 117 81 102 53 250 37 106 27 99 31 ^ 6 00 119 10. 192 37 171 58 136 43 235 38 125 53 124 86 16 00 8 30 2, 221 75 3, 340 47 8, 773 51 3,383 69 7, 998 16 5, 405 45 1,489 53 . 410 36 15, 868 73 4^, 799 59 992,334 13 1,111,184 64 4, 284, 695 63 3, 706, 240 58 48, 875 27 104,619 83. 2, 735, 434 97- 2, 246, 289 28 172, 258 99 230, 236 13 93,867 72 113, 620 30 42, 280 86 74, 062 36 58,338 62 754 65 8, 703, 653 45 7, 318, 015 56 5, 887 27 19 06 1,144,292 54 697, 307 19 TEXAS. First districtt Second district* Third districtt Fourth district Total 23 82 01 41 19 1,392 4 386 60 20 35 95 75 90 00 50 513 15 38,231 61 UTAH. Utah 5, 444 88 VERMONT. First district Second district Third district-^ 107,391 11 o 78, OOL 79 Total VIRGINIA. : First district Second district... -. •Third district Fourth district* Fifth district Sixth district Seventh district Eighth district* 1, 111 25 85 20 21 37 25 30 00 3, 667 74 8,704 14 13, 687 52 6, 395 42 12,611 81 8, 821 56 3, 756 28 3, 038 96 172 18 306 73 60, 683 43 33, 022 92 .91 53 25 00 6,108 86 3,241 85 2 21 14 97 12 38 86 81 50 96 12 60 25 Total WASHINGTON. Washington* 86 00 62, 797 14 14,792 21 to H.—Statement showing the exp)enses of collecting the internal-revenue taxes in the seve^'al collection-districts, Compensa- Stationery and blanktion. books. District. Express and Advertisdep. money. ing. Postage. fc.—Continued.' Total ex-' Expenses of penses of administercollecting. ing office. Assessments.! Collections, • WEST First di.><trict. Second district Third district* - VIRGINIA. .... .. .... . Total. $6, 456 92 4, 9.54 81 3, 612 65 $156 95 45 67 $90 80 104 61 144 14 $0 80 $41 50 105 00 110 50 $6, 589 22 5, 322 17 3, 912 96 $2,190 45 1, 267 90 431 67 $381, 517 75 221,037 92 48, 093 70 $294, 343 01 127, 273 01 3.3,986 16 15, 024 38 202 62 339 55 80 257 00 15, 824 35 3, 890 02 650, 649 37 455, 602 18 00 95 30 90 49 10 WISCONSIN. First district Second district* . . . Third di-strict Sixth district • .. .'. . Total 8,510 .5, 279 5, 255 4,703 66 28 73 22 29 62 75 39 07 24 08 75 51 169 201 92 ,50 60 67 00 1 1 8 4 8, 641 5,513 5, 589 4, 908 48 25 68 15 33 07 03 02 3, 878 1,100 4, 234 2, 362 64 84 85 23 23, 748 89 206 14 514 77 16 15 165 50 24, 651 45 11,576 56 2, 570 38 28 25 50 60 27 24 39 00 2, 715 47 1,035 84 1, 775, 029 230,716 210, 558 77, 716 23 65 34 80 2, 294, 021 02 80 24 87 80 O 1, 886, 688 71 i4 1, 476, 800 16.5,516 173, 186 71,184 o WYOMING. Wyoming...... ........ .. ... ..... . . ...... . 1.3, 785 13 11 112 99 l-H * Including items which belong to previous fiscal years not before adjusted. t Accounts for J u n e quarter not received u p to November 15, 1873. I This item includes the various kinds of stamps, other than adhesive, furnished to collectors, in addition to the assessment lists. a RECAPITULATION! District. California Colorado Connecticut Dakota.; Compensation. ^28,251 .5,498 13,814 62, 799 8,174 20,9i0 2,179 72 21 90 64 93 88 47 Station e r y and blankbooks. $280 2 93 492 61 126 35 50 28 62 .32 22 Postage. $266 53 245 872 99 422 33 09 99 14 24 30 39 00 Express and dep. money. $8 30 40 3, 099 19 38 10 00 77 60 22 65 Ul Advertising. $269 50 117.50 145 00 682 36 131 00 109 25 97 12 Total expenses of collecting. $29, 075 5, 672 14,338 67, 946 8,486 21, 606 2, 320 96 20 32 63 15 96 24 Expenses of administer ing office. $20, 410 1, 90.5 6, 295 41, 932 5, 674 9, 880 673 08 38 97 78 93 36 85 Assessments. $350, 955 19, 635 208, 265 3,208,419 74, 069 1,034,335 11,123 78 16 83 00 02 78 28 Collections. $302,424 14,238 94, 263 2,376,044 76,274 873,984 7,154 75 87 85 88 56 97 90 Delaware . ....... Florida Georgia Idaho Illinois Maine - . Maryland Massi^ chusetts Michigan New New New New • .. -. Hampshire .Torsey Mexico York Ohio Bhode Island Tennci-see Texas "Utah Vermont Virgitda Washington W^est Virginia . Wvomiutf.. -. 6.814 48 4,834 25 6, 599 98 27,989 12 3,874 13 95, 757 77 66, 996 63 27, 595 28 5, 178 10 67. 386 83 27, 593 97 13, 577 74 30, 023 65 60,101 86 28, 869 87 12,884 11 21,024 18 44,616 22 6,941 16 12, 180 87 9,315 00 12,141 39 36, 626 83 6, 253 43 214,022 04 48, 987 85 117,512 67 5, 768 90 134.750 61 9,095 12 17, 208 22 43,996 24 35,031 25 5, 098 83 6, 850 01 58, 338 62 5,887 27 15. 024 38 23, 748 89 2, 570 38 51 22 51 82 71 80 325 62 11 90 1,335 21 489 10 469 24 99 25 883 17 163 35 138 64 307 53 860 53 263 73 151 38 239 73 786 27 13 60 141 h8 35 31 150 65 386 34 83 95 ' 1,962 34 647 63 1, 357 59 55 66 1,001 83 38 98 208 39 596 59 303 64 57 68 43 57 • 754 65 19 06 202 62 206 14 28 25 141 60 71 00 176 .57 • 525 30 39 90 1,661 .32 1. ,329 74 1,238 68 187 50 1, 485 81 62 58 376 30 454 04 897 59 589 65 524 64 491 82 1,261 22 39 00 209 92 121 98 320 93 585 80 61 84 3, 256 27 790 13 l,66-< .57 83 00 2,172 10 72 00 422 35 521 76 580 47 223 89 296 78 1, 111 25 86 00 339 55 514 77 50 60 179 20 6 40 26 81 20 80 1,803 10 64 48 11 37 172.18 91 53 80 16-15 27 24 1, 520, 697 88 16, 051 93 27, 031 37 8,195 53 330 271 161 795 973 45S 00 75 50 63 80 43 337 37 133 225 359 116 422 338 737 71 305 274 74 205 80 1,061 308 832 9 901 66 457 207 513 00 50 56 41 64 98 17 25 47 .50 25 31 13 35 00 45 00 65 75 53 25 35 10 15 74 306 25 257 165 39 13 73 00 00 50 00 7, 020 92 5,014 87 7, 178 35 29,142 10 4,289 73 99, 742 54 69, 837 82 29,820 20 5, 464 85 70, 733 56 27, 964 24 14,235 87 31, 072 03 62,284 59 29, 860 76 14, 009 85 22, 1.33 43 47, 562 26 7, 065 26 12. 851 28 9, 771 25 12, 698 85 37, 984 98 6, 507 74 220, 572 39 50, 849 35 121, .557 90 5,917 31 139, 005 27 9, 278 75 18,323 12 45,342 49 38,231 61 5,444 88 7, 275 86 60, 683 43 6,108 8615, 824 35 24, 651 45 2, 715 47 13,499 57 1, 58.5, 476 28 13 62 57 80 30 202 192 48 58 31 30 61 .55 57 640 1U6 9 61 64 20 27 39 161 75 84 63 40 97 53 55 45 08 13 24 11 180 28 270 115 191 56 65 75 66 52 29 74 42 2, 289 1,893 4, 076 23, 552 1,382 4.5,434 27, 602 10,741 2, 955 26,795 17,857 2,728 16,263 29, 493 8,312 6,129 12, 985 26,947 5, 599 9,510 7,7.37 2,961 17,417 .3,969 113, 590 33,309 54, 783 2, 970 59, 458 3,073 9. 688 25, 080 20, 854 2, 665 886 33, 022 .3,241 3, 890 11,576 1,035 33 459, 162 37 55 156, 962 52 58 198,874 18 63 692, 058 43 18 73,476 26 87 19,175,492 14 43 ' 7, 429, 378 15 96 1,136,667 77 52 121, 531 96 16 7,231,973 01 19 1, 555,125 .57 84, 276, 754 50 77 3,145,031. 38 78 4, 249, 320 73 85 2, 209, 744 57 52 260,791 43 51 277, 989 40 51 4,643,916 12 00 79,702 31 12 552,091 52 11 84,062 01 98 364, 337 86 80 2,915,343 08 12 .38,1.53 87 30 20, 600, 524 98 15 1, 762, 029 86 74 18, 085, 140 52 97 106,747 36 31 9, 0.50, 423 70 05 388, 289 39 04 227,251 65 93 1,144, 292 54 77 458, 056 93 50 56, 141 33 88 107,391 11 92 8, 703, 653 45 85 62,797 14 02 650, 649 37 56 2, 294, 021 02 84 13, 785 13 730, 540 49 125, 945, 960 47 429, 403 34 . 133.424 58 143,568-30 491, 151 31 18,698 50 16, 607, 333 48 5,742,309 71 945, 597 17 104,789 67 5, 368, 226 28 1,317,660 55 214,293 49 2, 669, 483 82 3, 773,217 22 1,1?85,120 47 227,724 37 128, 794 29 3, 407, 806 44 36,173 15 305, 273 35 83, 237 18 321. 300 14 2, 626, 051 08 42,821 45 19, 286, 630 43 1. 453, 161 74 14,671,261 93 70,087 91 7, 545, 627 28 324, .552 17 169, 500 38 697, 307 19 336, 699 91 51 .591 95 78,001 79 7,318,015 56 14,792 21 4.5.5,602 18 1, 886, 688 71 11, 112 99 O 105, 238, 480 45 C7» 266 REPORT ON T H E FINANCES. . I.—Statement of accounts ofthe Commissioner of Internal Eevenue for internal revenue stamps {adhesive) for ihe fiscal year, ended June 30, 1873. Dr. To amount of stanips iu liands of Commissioner June 30, 1872 To amount of stainps ordered from i^rinter To amount of stamps returned by a,<j;ents To amouut of stamps received for redemption To amouut of discount withheld in exchange $1,875 7,287,523 864,874 213, 423 489 54 63 26 90 05 8,368,186 38 By By By By By By By '. , Cr. amount of cash deposited with Uuited States Treasurer $1, 875,753 02 amouut allowed as commissions : 126, 585 25 amount of stamps seut to agents 5, 027,117 93 amouut of stamps destroyed 1, 312, 214 76 auiouut allowed ou certificate of Commissiouer 4,105 04 amount of stamps caucelod aud returned 17, 271 13 amount of stamps remaining in hands of Commissioner June 30, 1873 5,134 25 8,368,186 38 Number of stamp-a.gents' acc^ouuts adjusted during the fiscal year ending June 30, 1873 112 Amount involved : | 1 , 424, 895 47 K.—Siaiement of amounts paid for engraving and printing stamps, and for stamp paper f c , for the office of internal revenne for the fiscal year ended June 30, 1873. To the Continental Bank Note Company To the National Bauk Note Company To the American Phototype Company To Joseph R. Carpenter To Henry Skidmore To the Bureau of Engraviug and Priutiug To James M. Willcox & Co., ( p a p e r ) . . . : , $68, 301 01 32,139 23 4,135 28 92,144 19 :.. 6,265 33 348, 337 53 92,915'58 644,238 15 Statement of amounts paid f o r the redemption of internal-revenue stamps dui'ing the fiscal year .ended June 30,1873. For stamps returned For stamps destroyed For stamps unnecessarily used $202,956 66 6, 588 92 11, 087 39 220,632 97 L.—Statement of accounts of the Commissioner of Internal Eevenue for internalrevenue beer stamps for the fiscal year elided June 30, .1873. Dr. To amount of stamps in hands of Commissioner June 30, 1872, as per last report '...-. $1,697,562 50 To amount of stamps received from printer 13,253, 695 83^ To amount of stamps returned by collectors 10, 974 25 To amount of stamps received fbr redemption 254 37-^ 14,962, 486 95^ F I F T H AUDITOR. 267 Cr. By amonnt of stamps sent to collectors $9,833,905 00 By amount of stamps destroyed 10,678 68f By amount of stamps remaining in hands of Commissioner June 30, -1873 5,117,903 29J 14,962,486 95f M.—Statement of accounts of the Commissioner of Internal Eevenue for internal revenue stamps for distilled spirits for ihe fiscal year ended June 30, 1873. , Dr. To amonnt of stamps in hands of Commissioner June 30, 1872, as per last report ., $14,706,175. 00 To amount of stamps received from printers 88,293,458 00 To amount of stamps returned by collectors 5,005,840 00 108,005,473 00 Cr. By amount of stamps sent to collectors $73,563, 647 00 By amount of stamps destroyed 23,125 00 By amount of stamps remaining iu hands of Commissioner June 30, 1873 34,418,701 00 108,005,473 00 N.—Statement of accounts of the Commissioner of Internal Eevenue for internai revenue tobacco, snuff, and cigar stamps for the fiscal year ended June 30, 1873. Dr. To aniount of staraps in hands of Commissioner June 30, 1872, as per last report , '.-. $2,868,202 72 To amount of stamps received from priu ters 39, 654, 277 59 To amount of stamps returned by collectors 3,260,971 61 To amount of stamps returned for exchange , 10,713 84 To amount of stamps received for redemption 128 11 •45,794,293 87 Cr. By amount of stamps sent to collectors i $36,601,245 60 By amount of stamps destroyed 1, 049, 864 14 By amount of stamps remaining in hands of Commissioner June 30, 1873 8,143,184 13 45,794,293 87 O.—Statement of accounts of the Commissioner of Internal Eevenue for internal revenue special tax stamp>s from March 12,1873, to June 30,1873. Dr. To amonnt of stamps received from printer To amount of stamps returned by collectors $9, 809,940 00 16, 800 00 9,826,740 00 268 REPORT ON T H E FINANCES. Cr. By amouut of staraps sent to collectors $9,166. 030 00 By araount of stamps remaining iu hands of Commissioner June 30, 1873 660,710 00 9,826,740 00 F.—Statement of accounts of the Commissioner of Internal Eevenue for internal revenue stamped foil wrappers for tobacco for the fiscal year ended June 30,1873. Dr. To amount stamped foil wrai>pers received from printer. : $543, 426 65 Cr. By amount stamped foil wrappers sent to collectors By amouut stamped foil wrappers destroyed $543, 393 1 33 55 543, 423 Q.—Statement showing the amounts paid for salaries in ihe office of the Commissioner of Internal Eevenue, also salaries g.nd expenses of super visors, agents, and surveyors of distilleries, lees and expenses of gaugers, miscellaneoux expenses, counsel fees, f c , drawbacks on rum and alcohol, and taxes erroneously asscbsed and collected, refunded during the fiscal year ended June 30, 1873. Supervisors. J a m e s R. Boyley* E. W. Barber* . S. J. Conklin* K. R. Cobb R. G. Corwin* S. B. Dutcher* G. W . Bmery* Speed S. F r y * AlexaiKler F u l t o n * . . . L M. Foulke Wolcott Hani lin* J . M. Hedrick Lucian Hawley* D a n a E. King* George M a r s t o n * . . . . . John McDonald'^..... D. W . Munn. J o h n O'Donnell * Otis F . Presbrey* P. W. Perry Simon T. Powell W . A. Simmons. J . B. Sweitzer* Alexander P. T u t t o n . Total. Salary. ^252 70 252 70 2-52 70 000 00 252 70 247 28 627 72 252 70 252 70 0' 0 00 2)0 60 000 (lO 614 13 252 70 499 95 625 00 COO 00 252 70 252 70 999 95 000 00 000 00 252 72 000 00 33, 351 65 Expeuses. Clerk-hire. ^57 100 89 2,691 60 728 777 35 8 1,798 45 1,890 1,531 464 00 05 25 93 75 29 60 35 15 .58 20 56 57 47 S84 24 15 L 63 2, 838 50 126 35 2,311 41 376 63 126 36 126 36 2,010 00 67 39 2,105 42 4, 012 26 101 09 1,662 1,103 55 116 3, 200 1,418 1,746 35 1,041 80 54 08 84 80 32 21 6238 2,712 32 2, 274 59 262 93 273 21 3, 043 27 1, 632 81 2, 932 21 126 36 2, 800 72 20, 659 34 30, 496 06 Furniture. $9 00 Rent. $20 8 60 370 30 00 33 00 00 00 75 00 12 50 1, 000 96 14 00 100 03 556 53 18 .75 397 02 '630"bb 70 00 16 84 50 00 466 70 300 00 999 96 'ise'.57" 1,334 63 4,173 07 Add to this amount for stationery furnished supervisors and allowed iu T r e a s u r y D e p a r t m e n t accounts $329 445 553 8, 909 469 4, 402 1,8-56 426 387 7, 809 337 7, 096 7.714 837 499 8, 027 6,378 587 692 9, 780 6,351 8, 864 414 6, 842 70 32 58 43 80 49 95 91 21 54 19 01 49 01 95 14 13 55 75 72 13 95 70 10 90, 014 75 827 01 90, 841 76 * I n office a fraction of the j^ear. FIFTH 269 AUDITOR. R.—Internal-revenue agents. Salary. George C. Alden J . N. Beach B. P. Brasher J a m e s J, Brooks A. E. Burpee H . Brownlee J o h n B. B r o w n l o w . . . Matthew Berry Charles P. Brown E . T . Bridges J o h n C. Bow^'or D e W i t t C. Brown . . . T e m p l e Clark George L. D o u g l a s s . . Charles L. F l a n a g a n . William A. G a v e t t . . . A r t h u r Gunther Lucian H a w l e y . . C M . Horton ' J o h n T. Hogue John A.Joyce D . H. L y m a n E . S. Lenferty :.. J . H. Manley J o h n M itchell H e n r y W. Purvis Zenas Rogers A . M . C.Smith, j r . . . . J. E. Simp.<on J . E d w a r d Stacey Isaac S. S t e w a r t John H.Smyth S. A. Sixbury J.W.Wood H. T. Y a r y a n $2,257 00 2, 784 00 2,149 00 2, 440 00 1,814 00 595 00 530 00 1,956 00 1, 388 00 2,191 00 2,112 00 240 00 1,490 00 • 876 00 2, 236 00 1,866 00 1,144 00 1, 692 00 1,074 00 1, 970 00 2, 252 00 65 00 ,2,236 00 908 00 744 00 1, 613 00 1,274 00 1, 812 00 576 00 672 00 768 00 710 00 2, 450 00 48,884 00 Total . Expenses. $1,199 99 -912 41 2, 2-27 83 449 80 826 71 6L6 20 230 12 1,947 16 1,337 63 1,156 28 797 10 367 32 105 40 136 05 .547 19 1, 589 96 1,881 50 536 31 967 64 541 53 1,421 25 • 2, 034 70 42 70 1, 265 42 286 22 273 60 1, 035 70 199 58 1,277 70 7 50 570 04 330 43 566 54 504 70 1,901 73 $3, 456 9,9 3, 696 41 4, 376 83 2, 889 80 -2,640 71 1, 211 20 760 12 .3, 903 16 2,725 63 3, 347 28 2,909 10 367 32 345 40 ,626 05 1,423 19 3, 825 96 ,747 50 ,680 31 ,659 64 ,615 53 3,391 25 4, 286 70 107 70 3,501 42 1,194 22 1,017 60 2, 648 70 1,473 58 3, 089 70 7 50 1,146 04 1, 002 43 1, 334 54 1,214 70 4, 351 73 30, 091 94 78, 975 Surveyors of distilleries. Salaries Expenses $23,589 26 17,318 00 Total 30,907 26 Fees and expenses of gaugers. Fees Traveling expenses „ Total (Disbursements to January 31, 1873.) 347,422 20 21,237 57 368,659 77 S.—Salai-y of Office of Commissioner of Internal Eevenue. Salary Miscellaneous expenses: Salary Traveling expenses Expenses Telegrams Rent Stationery Expressage , .^ .$17,631 12,739 36,490 3,297 .6 500 19, 623 91,077 $359,588 72 63 66 70 70 00 80 17 187 360 66 270 REPORT ON T H E FINANCES. Counsel fees and expenses, moieties, and rewards : Fees and expenses Moieties •Rewards .' $23, 096 94 1,125 00 .15,150 00 $39,371 94 Drawbacks on rum and alcohol Taxes erroneously assessed and collected, refunded Taxes paid on distilled spirits destroyed by fire, refunded 586,321 32 116,117 40 433, 430 43 925 50 • 550,473 33 Statement of fines, penalties, and forfeitures : Balance on deposit to credit of the Secretary of the Treasury July 1,1872. Amouut deposited 223,942 57 69,254 03 293,196 60 : . . 133, 410 91 Amonnt disbursed Balance on deposit to credit of the Secretary of the Treasury July 1,1873 . . 159,785 69 T.—Statement of disbursements for salaries of United States direct-tax commissioners in insurrectionary districts during the Jiscal year ended June 30, 1873. Salary. State. $540 55 South Caroliua. Moneys refunded on lands sold for taxes and redeemed. State. Arkansas Teune.ssee Virgiuia Amount. .. . -- -- -- - - - Total - ... - ' - - $800 00 1, 025 00 10 622 31 12, 447 31 Moneijs illegally collected in insurrectionary districts refunded during ilie fiscal year ended June 30, 1873. Aniount refunded $1,507 87 Statement of certificates issned and allowed for drawbaclcs on merchandise exported for the fiscal year ended June 30, 1873. Nun\ber of certificates received aud allowed. Amount allowed 260 $18,743 17 REPORT OF T H E SIXTH AUDITOR. REPORT THE SIXTH AUDITOR OF THE TREASURY. O F F I C E OF THE A U D I T O R OF THE TREASURY FOR THE P O S T - O F F I C E D E P A R T M E N T , . ' October 18, 1873. SIR : I have the hoDor to submit the following report of the business operations of this office for the fiscal year ended June 30, 1873. ,My annual report to the Postmaster-General, now in course of preparation, will exhibit in detail the financial transactions of the Post-Office Department for the past fiscal year. A comparison of the tables and statements of the present report with those contained ih my report for the fi.scal year ended June 30, 1872, shows a large increase of business in each division of this Bureau, especially in that of the money-order division. EXAMININGr D I V I S I O N — B E N J A M I N LIPPINCOTT, PRINCIPAL EXAMINER. This division receives and audits the quarterly accounts-current of all post-offices in the United States. It is divided into four subdivisions, viz, the opening-room, the stamp-rooms, the examining corps proper, and the error-rooms. 1. The o]^ening-room.—All returns, as soon as received, are opened, and if found in order, according to' regulations are entered on the register, carefully folded and tied, and then forwarded to the stamp-rooms. The number of quarterly accounts-current received during each quarter of the fiscal year ended June 30, 1873, was as follows: Third quarter, 1872:..: . Fourth quarter, 1872 First quarter, 1 8 7 3 . . . . i Second quarter, 1873... Total '. 30,816 31,659 31,962 32,170 120,607 2. TJie stamp-rooms.—The quarterly returns received from the openingroom are divided alphabetically among eight stamp-clerks, whose duties consist in comparing the stamp-statements of the postmasters in the accounts-current with their own books and the returns made to them from the stamp-division of the finance office, whence stamp-orders are issued and receipts for the same received and forwarded to the ^tanipclerks. The returns thus approved or corrected are passed to^the examiners. All accounts from offices of the first and second classes, are passed through the various subdivisionsof the office in advance of other returns, so that they may reach the chief examiner and his assistants with as little delay as possible. 18 F 274 REPORT ON T H E FINANCES. The number of accounts examined and settled by the stamp-clerks for each quarter of the fiscal year ended June 30, 1873, was as follows : Third quarter, 1872 Fourth quarter, 1872.. First qnarter, 1873 Second qnarter, 1873 :.'.-" 30,743 31,358 31,464 31,574 Total : .*.......... 125,139 3. The examining corps proper is composed of seventeen clerks, among whom the returns received from the stamp-rooms are divided by sections, each comprising several States or parts of States. The average number ,to each section is about 1,700. After the examination of the accounts-current and the stamp-account, reviewing and refooting the transcript of mails*received, and examining all vouchers belonging to that portion of the work, the balance is drawn on all accounts of the third, fourth, and fifth classes. The returns thus examined and completed are forwarded to the registering division to be entered upon its books. The number of accounts examined and sent to the registering division for the fiscal year ended June 30, 1873, was as follows : Third quarter, 1872 Fourth quarter, 1872 First quarter, 1873 Second qnarter, 1873 30,743 31,358 31, 464 31,574 Total 125 139 The error-rooms contain five clerks, who review and re-examine the error-accounts received from the registering division, and forward to each postmaster a copy of his account, as stated by him, and as audited and corrected by this office. The number of accounts so corrected, and copied for the fiscal year ended June 30, 1873, was as follows: Third quarter, 1872 •Fourth quarter, 1872.:. First quarter, 1873 Second qnarter, 1873 TotaJ ' I....: 8,503 5,809 5,870 5,511 : 25,693 ' '. Each subdivision reports weekly to the chief examiner, and monthly through that officer to the chief clerk, the progress of the work, so that the exact amount of labor done by each clerk is clearly ascertained. All vouchers relative to allowances made by the Post-Office Depart-' ment for clerk-hire,, lights, fuel, rent, stationery, &c., at post-offices of the first and second classes, are forwarded at the beginning of each quarter to the chief examiner and his assistant for examination. A statement is then prepared, showing ttie vouchers received, the amount allowed and the amount suspended, when found to be in excess of the allowance. On rec^eipt of the returns from the examiners these accounts are received, and the amount allowable added, and the balance drawn by the chief examiner. The number of post-offices of the first and second classes which have received allowances for clerk-hire, rent, &c., was 350. .SIXTH AUDITOR. 27& The namber of offices of the second class having: an a-llowance for clerk-hire only-, wa;s 180. The number of offices having an allowance .for clerk-hire to aid in separating the mails, (independent of the number above stated,) was 445. Total number of offices of all classes receiving allowances, and approved by the chi^f examiner, was 975. The expense-accounts of the offices of the first and second classes were regularly entered by the chief examiner and his assistant on the expenseregister, and show!qaarterly the amount of vouchers received, amount allowed, and amount suspended, copies of which were forwarded to each postmaster. Attached to thei examining division i s a corresponding clerk, whose duty consists in corresponding with, postmasters relative to errors in their accoants-currtent and in making day-book entries, &c. The amount involved in the settlement of the quao^terly accounts-current of postmasters daring the fiscal year was as follows : . Third quarter, 1872--.. Fonrth quarter, 1872. J First quarter, 1873...J Second quarter, 1873 Total -. ^ • ..." : . . . . $5,413,821 5,663,617 5,913,128 5, 891, 087 - 91 80 68 33 22,881,655 72 The labors of the examining division for the fiscal year ended June 30, 1873, have .been fully completed. All accounts received in proper form have been examined and passed to. the registering division. At no period has the work been more "perfect in all its details, ^ o t only has there been a decided improvement in the preparation of returns by postmasters, particularly those of first and second class offices, but, by judicious changes in the office, the efficiency of the examining corps has been greatly increased. R E a i S T E R I N a DIVISION—F. I. SEYBOLT, PRINCIPAL REGISTER. This division receives from the examining division the quarterly accounts-current of postmasters, and re-examines aud registers them, placing each item of revenue ajid expenditure under its appropriate head;; noting also, in books prepared for the purpose, corresponding with each register, the amount of letter-postage and stamps reported as remaining on hand in each account. The same books also show the proper amount of newspaper-postage and box-rents chargeable to, and compensation allowed, each office contained therein, and afibrd a complete check in the settlement of each account • ^ JJ]3on this divisijon thirteen clerks are employed, and during the fiscal year the number df accounts registered, and amounts involved therein, were as follow^s : I . Third quarter, 1872.. J Fourth quarter, 1872 !. First quarter, 1873. Secoud quarter, 1873.1 Total...! i ' 1. ..:.-.,.... 31,012 | 5 , 439, 393 94 31,548 5,691,418 .39 31, 818 . 5, 936, 597 81 31,754 .5,910,1517 46 126,132 22,977,927 60 The number of! changes of postmasters, establishment, re-establishment, discontinuance, and change of name of post-offices reported from the appointment office during the fiscal year, and noted by the registers, was as follows: 276 R E P O R T ON T H E FINANCES. Third quarter, 18.72...^ Fourth quarter, 1872 ^First quarter, 1873 ". Second quarter, 1873 Total 2,104 2,359 2,888 3,621 ...- .- ....10,972 .The work of this division is fully up' to the requirements of the office, the quarterly accounts current received from every office having been registered to the 30th of June, 1873, the footings and recapitulations made, and the books prepared for the registration of the accounts for the quarter ending September 30, 1873. B O O K - K E E P E R ' S DIVISION—F. B . LILLEY, PRINCIPAL CLERK. To this division is assigned the duty of keeping the ledger-accounts of theDepartment, embracing postmasters, late postmasters, contractors, late contractors, and accounts of a general, special,.and miscellaneous nature. " This work requires the services of fifteen clerks, who are employed as follows, viz: One principal book-keeper, in charge of the division and ledger of general accounts; one assistant principal, in charge of cashbook, deposit-book, stamp-journal, ledger of warrants and deposits, and day-book entries on reports approved by the Auditor; one clerk, in charge of the transfer-journal and miscellaneous duties; nine book-^ keepers of postmasters' accounts, and three of contractors' accounts. The auxiliary books prepared in this and other divisions, and from which the postings are made quarterly, are as follows: 13 registers of postmasters' quarterly returns, 35 pay-books, 9 journals, 1 register of warrants, 3 registers of Postmaster-General's drafts, 1 stamp-journal, 1 cash-book, 1 deposit-book, 1 Auditor's draft-book, 1 transfer-journal, 1 money-order transfer-book, 12 registers of mail-messenger and specialmail service, 1 route-agent's book, 1 letter-carrier's book, .1 special agent's fare-book 5 total, -82 books. The system of transferring debit and credit balances of payments to contractors, of Auditor's drafts counter-credited, &c., embodied one year ago in the transfer-journal, has worked well in practice, enabling the book-keepers to get the items on their ledgers from thirty to sixty days sooner than by the old method of day-book and journal. Accounts of the first, second, and third classes, and all contractors' accounts, are balanced quarterly; all others at the end ot the fiscal year. For a detailed statement, showing thenumber of accounts by sections, and to a limited extent the labor performed in the preparation of auxiliary books, 1 respectfully refer to the following tables. The work of the division is in a most satisfactory condition, and fully^ up to the requirements of the office. Ledgers of postmasters^ accounts. • Sections. Number 2 Number 4 . . . , Number Number Number Kumber 6 .7 '8 9 . . . Total Number of Current accounts. ledgers. Late accounts. 4 4 4 5 5 4 4 6 5 3,447 3,400 4,008 3,870 4,004 3,753 3,581 3,609 3,841 569 515 654 411 849 708 743 749 331 41 33, 513 5,529 SIXTH 277 AUDITOR. Ledgers of mail-contractors^ accounts. Sections. N u m b e r of ledgers. Current accounts. Day-book entries journalized. Accounts ,iourualized from transportation sheets. Number 1.. Number 2 . . Number 3 . . 1,830 2,005 1,827 1,557 1,325 1,460 9,180 10, .386 9,149 Total 5,662 4,342 28, 715 Number Number Nuruber Nutuber Number of entries in stamp-journal . . . . — of day-book entries of entries in Ideposit-book of entries in cash-book of entries in transfer-journal Total-..-.. •. <' :.'......... j. 6, 254 1, 407 9,192 3,566 3,210 23,629 STATING DIVISION—:WILLIAM H. aUNNISON, PRINCIPAL CLERK. The general postal accounts of present and late postmasters are in charge of this division. The number of clerks employed is fifteen. During each quarter the accounts of present postmasters at offices bf the first,.second, and third classes, and those of the fourth and fifth classes showing debit balances of $10 or more, have been stated for the preceding quarter from the earliest records made in the office in time to send special instructions for rendering accounts, and for paying the amounts due the IJnited States at the close of the current quarter. The items of the remaining accounts have been stated as soon as they could be obtained from the ledgers. Statements of. such of them as showed debit balances of $1 or more, when stated and balanced with the ledgers (as usual) to the close of the last fiscal year, were sent to postmasters, with special instructions, before December 31, 1872. The accounts of late postmasters have been revised monthly to secure the earliest possible adjustment, and all such accounts have been fully stated to the latest dates, in advance of the time usually allowed, that the results may be used in the annual report of the office to the Postmaster-General. I Special attention has been given to cases showing neglect or failure to comply with the instructions, especially those relating to indebtedness. The addition of piie clerk, and the reduction of the work on several of the sections, ha§ partially removed the inequality formerly existing, and has promoted the general efficiency of the division. Eeference to the,foilOAving statements will show the increase in the number of the accounts during the year, and also in the miscellaneous work of the division. It is only just to s^y that the accounts were never in so good a condition as at the present time. 278 REPORT ON T H E FINANCES. Statement of the number of the general accounts of present p)ostmasters, the increase in the numher, and the classification of the offices, for the fiscal year ended June 30, 1873. Draft- Deposit- Collection- Special offices. offices. bffices. offices. o ^ . States aud Territories. S X o Maine New Hampshire • ATpy^fl phnfip.tts Total 2 N e w York, A to S Total 3 Pennsylvauia, A to R . . . •\X7'/ii;f Viro-inin TJhofle Tnland 5 II • 1 1 §1 fl 5 67 L; 886 85 •31 34 403 71 1,628 227 31 34 403 71 1,628 227 <x> .0 864 424 480 736 2,'504' 6 1 2 8 6 79 54 3 1 3 9 7 1 1 A viy.nrifl, Idaho ATpvifO Utah 2 8 3 17 64 104 2,256 86 925 394 54 618 713 2,"650' 35 175 '57 2; 593 22 7 41 16 23 10 697 631 70 58 2 5 2 2 4 2 3 2 31 122 80 53 79 46 143 114 4 11 10 182 6 1 10 76 5 7 11 11 198 88 1,967 26 455 17 87 88 1,187 467 23 Nevada. • 86 55 2,000 ].74 197 49 25 31 8 112 41 2, 333 19 182 2,346 2,246 :::!:: 63 1,946 4 158 = f 843 359 513 •618 36 86 70 1,170 659 14 2 102. 26 429 2,360 973 612 , 80 28t 18 7 •7 29 55 36 7 18 9' 0 2,332 13 • i a 2,258 ]3 ... 1° 136 41 2, 097 .... o§.a 03 21 41 2, 097 81 25 10 32 .a fl ' 0 0 -3 fl 2, ,394 36 135 8 2 4 14 -si .0 g ' 36 135 Total :.... .a 1 Alabama Total... I-l 1 51 16 4 42 2 65 4 10 174 Ohio .a a 9 r^nlrot.fl 7 0 '0 9 2 1 2 I . .'. 37 12 16 20 • 1 g 57 367 8 North Carolina Total . 5 p .a .0 ^ 34 28 198 ^pw al 8 120 11 680 8 8 52 337 2 76 • 7 • 365 39 11.9 41 504 13 'f) xi M , §1• ;=i 0 Total !»lf>nth P.fli'nlinfl 1.1 3 5 7 "4' 10 ' 1 12 2 1 2 8 4 t) xi .a .2 .2 = . . . 0 . . - . 6 2 10 12' 10 6 * 878 89 761 39 3 *l 33 4 150 16 95 11 58 14 94 2 48 2 166 10 129 13 29 2,'444' 3 208' " ' • " 7 8 ' ' ' 2,-366 184 19 89 2,089 230 14 22 77 2,'396' 5 10 38 110 •2,286 121 _^ ^ 6 2 Total 8 q 43 542- 111 1, 654 Total ._ 27 1,789 36 619 2," 408' 24 23 60 162 2. 246 *3 65 2,005 50 82 71 17 492 40 1,188 627 31 35 141 1,443 2,'676" *38 8 153 57 1,680 172 5 3 Missouri • • • • SIXTH 279 AUDITOE. Statement ofthe numher of the general accounts of present postmasters, fc.—Continued. •fl* 0 - ,Draft- Deposit- Collection Special offices. offices.. offices. offices. xi -73 s =fl Cfl States and Territories. il 1a ' ^ fl 03 fl ® g C3 +='.'fl Texa 2 Kentucky 3 Total 5 fl o fl 75 93 107 1 15 • s • o • 17 4 19 g fe •i it .fl III ^§.a 03 ' S 03 1 .al i§ i n B -fl .a , 1 '1 t lS l 0 • Igfl 'o fl S a £i3 • fl^o fl 758 79 9 511 45 6 53 1^007 2," 276' 17- 141 6.54' -.393 825 ^1 "§•• 16 275 40 1^872 68 79 34 66 43 19 1,113 509 6 13 267 7 328 88 40 1,274 568 6 13 378 .7 25 433 2; 653." 60 161 54 222 45 2,237 1 1 New York, T to Z . . . . . . 1 5 Total . == .12 - 61 2,225 1 ; • 10 Indiana Pennsylvania, S to Z . . . 4 Michigan . . . . . . .2 20 145 53 1,94'0 84 16 . . . . 11 9 136 7 101 38 1,108 47 912 82. 50 1,360 34 1,113 2,'473" 6 •88 16 237 85 2,020 84 109 19 9 18 12 739 3 • 520 1 160 276 5 . 92 37 7- • 18 6' 155 21 1,695 154 . . . . :::: 27 >2 3 2 1 14 Florida •* 6 ?:--• • 2, 591 88 2,169 • 1) 47 '' 15 Total 13 .... 62 . 101 1 .7 -87 5 *2 3 3 81 36 1, 238 , " " • • 7 1 " 1,445 706 2,'257' 39 55, .15 12 612 9 ^1 2 .9 8 '' 132 • i*> •Total • o | | .2 = =:= 2 Total fl' n^ • n ^ 03 '--. . -b so -OS fl 10 it, n3 •1 . • ..128 2,345 33 2,004 957 25 581 9 181 31 318 2," 637' 33 1 9 8 . * Decrease. Number of general postal accounts first, second, and tliird classes Number of general postal accounts fourth and fifth classes 1,328 31,926 Whole number of general postal accounts for ^fiscal year 33,254 Whole number of geueral postal accounts for fiscal year ended June 30, 1872. 32, 065 Increase during fiscal y e a r . . . . : . . . . . . . . . . . . Increase during fiscal year .ended J u n e 30,1872 . ......- --- ---• -• ^' ^^^ 1)741 flco pCJ - Changes reported to this office w e e k l y b y t h e Ifirst Assistant • Postmaster-General, recorded for t h e fiscal year.' Established ... Re-established ....'...... Discontinued '. N e w bonds Miscellar^,eous, removals, resignations &c Total... ., ...... .. , :...;. . ^ t—1 • fl .fl 03 fe 1"" Totalnumber, during the - year. Statement showing the numher of changes, and the cdndition of general postal accounts of late postmasters for and during the fiscal year ended June 30, Vil3.. y 454 130 269 79 1,319 370 132 266 • 176 1, 567 493 157 219 248 2,179 591 140 306 • 383 1,865 1,908 559 1, 060 8.86 6,930 2,251 ' 2,511 3, 296 3,285 11, 343 280 1 2 3.. 4 5 6. 7 200 390 181 394 623 777 432 '236 279 400 320 476 558 363 N u m b e r of section. 8 9 10 11 12 13 14 ; ... • • Number of accounts of late • postmasters unadjusted oneach section; Number of ac' counts of . late postmasters adjusted on each section. Number of accounts of late postmastei'S unadj usted on each section. N u m b e r of section. Number of accounts^ of late postma'sters adjusted on each section. REPORT ON T H E FINANCES. 546 223 515 614 452 568 608 458 452 468 452 420 . 535 577 6,523 4 Number of late accounts adjusted for the fiscal y e a r . . . Number of late accounts unadjusted for the fiscal year . 12,517 Total Number of late accdunts adjusted for t h e fiscal year 1872 . . . Number of late accounts unadjusted for the fiscal year 1872. 3,262 4,776 8,038 Increase ..". ce floi • Miscellaneous statements. ce • &^ ceco xi'"' ? fe Letters received Letters •vyritten, correspondence in special cases General accounts, circulars, &c., i'eceived Circulars sent in answer to letters received, and iu special c a s e s . . Reports made to Post-Office Department—delinquencies S IS xi ""^ 4,479 1• fe 123 482 202 889 •90 442 43 558 ^ 511 166 118 1,500 1,250 .715 606 157 243 1 551 609 1,750 2,652 533 COLLECTING DIVISION—-B. J . EVANS. PRINCIPAL CLERK. The duties of this division are to collect balances due from late and present postmasters throughout the "United States, and to attend to tke final settlement ofthe same. The number of clerks employed is twenty, apportioned as follows : On Correspondence^ 4. Their duties are to correspond in relation to postmasters^ late postmasters', and contractors' accounts, wdth a view to the collection of balances due to the Bepartment, and to submit, for suit, accounts of defaulting late postmasters and contractors. On Drafts^ .1. His duties are to locate and issue drafts for the collection of balances due by postmasters and contractors; record the same in the draft-register, and to report to the Post-Office Department for payment all balances due to late postmasters, and record the same in a book kept for that purpose. On Changes, 1. His duties are to record all changes of postmasters reported to this office from the Post-Office Department; to enter and file drafts paid; to record all accounts of late postmasters in the book of balances ; and to state the final action thereon. On Letter-hoolcs.^ 2. Their duties are to record all letters written, and address and transmit the same, together with all circulars received by them from.the corresponding clerks. On Miscellaneous., 1.. His duties are to examine and compare with SIXTH 281 AUDITOR the ledgers all accbunts of late postmasters, and close the same as ^' uncollectible" or by ^'suspense," and to assist in the preparation of the annual report to the Postmaster-General. On Copying., 14., Their duties are to copy ;all accounts of postmasters and others, and transmit the same in their respective circulars; to copy changes of postmasters; to prepare salary-books of the various postoffices in the country; to assist in the adjustment of salaries, and to furnish a portion of the materialfor the Uni'ted States Official Register. The regulation of the Department requiring current business to be dispatched on the day received is observed by the division generally, but particularly by the gentlemen on correspondence. I beg leave to refer to the annexed table as exhibiting the labor performed by this division. Statemient of business transacted by the collecting division. Accounts of postmasters and contractors. No. Accounts of postmasters becoming late during the period from J u l y 1,1870, to J u n e 30, 1872, in charge of the division 15,5 87 Accounts of postmasters becoming late during the fiscal year, viz : .Quarter ended September 30,1872 2,021 2,140. Quarter ended December 31,1872 2,372 Quarter ended March 31,|1873 2, 397 Q u a r t e r ended J u n e 30,1873 24, 517 Total . Accounts of contractors received from the pay-division for collection upon which drafts w e r e issued: Quarter ended* September 30,1872 Quarter ended December 31,1872 , Quarter ended March 31,11873 .Quarter ended J u n e 30,1873 . $1, 387 1, 403 985 ^ 230 Total. Drafts issued on Quarter ended Quarter 6iided Quarter ended Quarter ended 89 57 87 26 10, 007 49 present and late postraasters during the fiscal year September 30,1872 , December 31,1872 March 31,|1873 J u n e 30,1873 T o t a l .Accounts of postmasters becoming late during the fiscal year, showing balance in their favor and closed b y " s,uspense :'' Quarter ended September 30,1872 Quarter ended Decemberi31,1872 .1. Quarter ended March 31, jl873 • Quarter ended J u n e 30,1873 TotaP. 793 781 710 846 397, 882 37 843 720 9 80 1, 317 90 8, 486 07 195 09 569 80 1,652 10, 568 86 23 3 16 9 09 12 35 43 Accounts of postmasters becoming late during the fiscal year, showing balances due the United States and uncolle.ctible : Quarter ended September 30,1872 Quarter ended December 31,1872 Quarter ended March 31,1873 Quarter ended J u n e 30,1873 ^ Total. 24 83 1,664 17,044 3, 936 1, 521 35' 01 92 62 24,166 90 Total. Accounts showing balances due late and present postmasters, and reported to the PostOffice D e p a r t m e n t for p a y m e n t : Quarter ended September 30,1872 Quarter encled December 31,1872 Quarter ended March 31, 1873 , Quarter ended J u n e 30,1873 1 47 68 35 87 3,130 Accounts of postmasters becoming late during the fiscal year, showing balances due the United States, and closed b y " suspense :" Quarter ended September 30,1872 Quarter euded December 31, 1872 Quarter ended March 31,1873 Quarter ended J u n e 30,1873 Total. 95, 743 56, 206 101, 980 143, 951 353 461 563 452 1, 829 17. 073 24, 583 20,928 17,974 62 16 73 94 80, 560 45 282 REPORT ON T H E FINANCES. Statement of husiness transacted by the collecting division—Continued. Accounts of postmasters and contractors. Accounts of late postma.ster8 and coiitractors submitted for suit: Quarter ended September 30,1872 t Quarter ended December 31,1872 Quarter ended March 31,1873 Quarterended June 30,1873..... Total..... .--. -. I 35 I $19, 545 32 20 10, 806 62 • 26 15,412 25 30 9,950 37 :. Ill Letters received during the fiscal year : Quarter ended September 30, 1872 Quarter euded Decenjber 31,1872 Quarter ended March 31, 1873 Quarter ended June 30, 1873 69,449 69,187 78,278 ^. 75, 401 • Total... 55,714 56 l... Letters sent during the fiscal year: Qnarter ended September 30, 1872 Quarter euded December 31, 1872 Quarter euded March 31, 1873 Quarter ended June 30, 1 8 7 3 . . . . 292,315 _ ". . . . . ^ Total Letters recorded during the fiscal year: Quarter euded September 30, 1872 Quarter ended December 31, 1872 Quarter ended March 31, 1873 Quarter ended June 30, 1873 Total • 165,953 '.....I 2,444 2,836 2,970 2,346 '..: : 10,596 Letters written to postmasters and others during the fiscal year: Quai'ter ended September 30, 1872 Quarter ended December 31, 1872 :.. Quarter ended March 31, 1873 Quarter ended June 30, 1873 .1 Total 39,132 43,576 47,303 35,942 . ' . 3,112 2,550 2,234 954 „ * 8,850 Accounts copied during the fiscal year and sent in their appropriate circulars : Quarter ended September 30, 1872 5,375 Quarter ended December 31, 1872 ...-...., 10,040* Quarterended March 31, 1873 7,569 Quarter ended June 30, 1873 ,. 5,022 Total 28,006 Pages of post-office changes reported by the Post-Office Department during the fiscal year recorded in the change-books : Quarter ended September 30, 1872 Quarter ended December 31, 1872 Quarter ended March 31, 1873 ' .' ^. Quarter ended June 30, 1873 ' •. T o t a l . Pages Quar.ter Quarter Quarter Quarter . of draft-register recorded: ended September 30, 1872 ended December 31, 1872 ended March 31,. 1873... ended June 30, 1873 Total 2,484 .2,730 3,118 2,943 11,275 • :.." '. '.....:..*.. : .:.. 42 42 38 44 166 SIXTH Pages Quarter Quarter Quarter Quarter 283 AUDITOR, of book of balances rec'orded: ended September 30, 1872 , ended December 31, 1872 ended March 31, 1873 ended June 30, 1873 213 249 246 274 1,000 Total. Pages Quarter Quarter Quarter Quarter of letter-booki recorded : euded September 30, 1872. euded December 31,1872.. ended March ^1, 1873 euded June 30, 1873 1,220 1,409 1,485 1,053 5,167 Total. LAW^ DIVISION—J. BOZMAN K E R R , PRINCIPAL CLERK. To this divisionjis assigned the duty of preparing for suit, and transmitting to the Department of Justice, accounts of late postcaasters and contractors who fa^ilto pay their indebtedness to the United States upon the drafts of the department. The number of! accounts and accompanying papers certified for suit during the fiscal year was as follows : Quarter Quarter Quarter Quarter ended ended ended ended September 30, 1872.. Decem^ber 31, 1872. March |31, 1873 June 30, 1873 .. 35 20 26 30 $19,545 32 10,806 62 15,.412 25 9,950 37 111 55,714 56 Amount of collections on judgments, includiug interest.. $25, 338 34 Total. All accounts received from the collecting division have been prepared for suit and sent to the Department of Justice. FOREiaN-MAlL DIVISION—ISAAC W. CLERK. This division has charge of all postal accounts between the United States and foreign governments, and making up'the accounts of steamship companies for ocean transportation of mails when not paid by subsidy. Number of accounts settled during thefisoal year, with amounts involved. Name of country. Number of quarterly accounts. United Kingdom of G-reat Britain and Ireland . German Union J Belgium :. Netherlands : , Swi-tzerland 1 J Italy. Deumark, for extranational postages . Total : '. Amount involved. $1, 084, 853 677, 569 • 33.904 25, 426 40, 818 44, 643 2,129 33 97 97 54 75 31 38 96 1,909,346 86 284 REPORT ON T H E FINANCES. Numher of duplicates registered for the fiscal year. .Received from— cr'C* . a 00 Sent to— United Kingdom . G e r m a n Union France Belgium Netherlands . . , . . Switzerland Italy .-..'I Denmark Spain , Norway Sweden .' W e s t Indies, & c . Nova Scotia, &c . Total received. 264 195 40 96 45 82 45 52 144 54 United Kingdom. German Union France Belgium Netherlands Switzerland Italy , Denmark Spain Norway , Sweden ;.. W e s t Indies, & c . . Nova Scotia, &c . 1 1 137 49 141 37 1,107 1,043 1,050 1,111 Total sent.. 1,007 897 354 192 63 106 40 75 40 58 .319 182 56 100 38 75 37 54 330 178 73 100 35 76 37 ' 56 331 197 61 110 39 78 40 53 117 .58 131 50 133 32 246 170 39 78 39 66 39 40 • 2 O'CO . "^00 240 178 40 86 38 65 38 41 2 1 1 155 31 265 a 196 41 88 39 • 65 . 40 421 3 146 71 Total n u m b e r registered, 8,127. • Amounts reported for payment of balances due foreign governments on settlement ofthe accounts for the quarters named, together with the cost in currency. Quarter ended. To- United Kingdom of Great Britain and Ireland June Sept. Dec. Mar. June Sept. Total 93, 370 67 Sept. Dec. Mar. June Sept. Dec. Mar. ) 30,1871 31,1871 31., 1872 30, 1872 30,1872 31,1872 31,1873 : Costing, in currency , : ^ : 30,1871 30,1871 31,1871 31,1872 30,1872 30,1872 31,1872 $1, 553 1, 580 1, 815 2, 038 1,917 1,974 1, 937 24 66 78 96 38 55 35 12, 817 92 14 508 69 Costing, in currency D e n m a r k , for e x t r a n a t i o n a l postage . > Mar. June Sept. Dec. . Total 47 67 23 66 33 62 24 238,869 29 June Sep. Dec. Mar. June Sept. Dec. Total . . . \ Total amount reported Costing, in currency 34,189 27, 205 33, 374 27,684 25, 268 27,283 33, 056 208, 062 22 \ Belgiumi Costing, iu currency 13 26 14 71 12 05 88, 389 41 : German- Union Total 30,1871 114, 982 30,1871 15, 589 31,1871 13, 242 31,1872 16, 559 30,1872 14, 232 30,1872 ^ 13,782 ... Costing, in currency Amount in gold. 31,1872 ? . . . . 4 1 2 05 30,1872 30,1872 "'"767"96 31,1872 787 69 1,907 64 f 2, 388 98 .. .. 311 175 19 349,137 63 SIXTH 285 AUDITOR] I The following amounts have been paid, inj gold, by the governments named: ^ Quarter ended. By- Mar. June Sept. Dec' Switzerland. 31,1872 20,1872 30,1872 31,1872 $1, 958 1,94L .3,4'01 2, 084 65 44 64 94 9, 385 67 Total. Netherlands., Mar. June Sept. Dec. 31,1872 30,1872 30,1872 31,1872 359 60 678 04 587 10 1, 032 31 2, 657 05 Italy. Dec. Mar. June Sept. Total. 31,1871 31,1872 30,1872 31,1872 1,142 1,523 1, 037 507 56 82 05 50 4, 210 93 16,253 65 Total amount received, in gold., I Number of reports of ocean postages to the Postmaster-Geno^al, and amounts reported. J J. w....^ ' ^ l ' ^ - " " ^ ' i / tl 1 ^ Third quarter of 1872. 1p< t F o u r t h quarter of 1872. , -2 o ft Amounts. u ^o o o 1^ $17,861 57 11,790 40 10, 524 27 i 1 8", 587 42 7, 598 69 i 1 7, 406 40 1 ^• 2,592 11 1 ]_ 1, 7.32 08 1, 696 36 1, 517 04 1,411 34 775 39 547 79 423 86 362 67 276 71 264 49 232 70 189 00 178 71 166 53 157 ^22 150 78 126 21 122 36 63 39 42-65 21 43 . 18 80 18 20 17 50 ; 15 12 1 2 02 1 76, 891 21 35 t: oa . 83; 106 02 1 31 ;H $18, 824 56 17, 331 31 11, 643 .41 11, 191 66 7, 692 31 7, 394 93 1,711 69 1, 632 87 1,316 56 860 65 594 30 546 06 526 75 492 24 415 72 283 22 177 03 151 48 127 36 120 19117 51 97 23 90 86. 43 89 34 93 • 14 98 11 76 9 38 7 21 3 57 1 89 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 83, 467 51 28 1 T( 3tal n u m b e r of report s m a d e , 127. p< Amounts. o o 12; ^ $18, 085 35 14,450 74 10, 095 23 8,158 64 6, 002 41 5, 970 83 5, 2^0 01 5,169 79 1, 331 05 1,274 60 1, 271 51 901 77 704 30" 665 84 585 83 469 35 382 27 321 07 270 83 263 31 197 61 195 00 145 18 137 37 134 05 121 80 116 20 111 72 100 79 , 69 46 48 79 18 45 17 71 15 80 1 36 Second quarter of 1873. o Amounts. •t o 6 d ^ 33. Amounts. First qu arter of 1873. T o t a l amount report e d , $ 322,296.29. ' $19, 825 14,116 9, 799 8, 246 8, 093 . 6, 809 3, 774 1, 695 1,266 1, 058 709 517 508 421 414 390 384 199 111 108 79 73 56 55 43 34 27 7 94 40 16 83 32 62 17 31 24 96 01 55 62 26 61 49 93 64 09 85 87 93 77 09 89 79 39 82 p 78,'831 55 286 REPORT ON T H E FINANCES. PAY DIVISION—A. E . BOONE, PRINCIPAL CLERK. This division has in charge the settlement and payment of all accounts for transportation of the mails, including railroad companies, steamboat companies, and other.mail-contractors, special mail-carriers, mail-messengers, railway postal clerks, route-agents, special agents, letter-carriers, and all. miscellan eous payments. To this division is also assigned the registration of all warrants and drafts countersigned by the Auditor, and the custody of the archives pertaining to all branches of the office. Accounts of contractors settled during the fiscal year ending June 30, 1873. Quarter. In In In In the the the the quarter quarter quarter quarter ended ended ended ended September 30, 1872. December 31, 1872.. March 31, 1873 J u n e 30,1873 , Total. Amouut. 7,269 7,370 7,315 7. 382 29, 336 Total. Mail-messenger service : Accounts settled during the fiscal y e a r : In the quarter ended September 30, 1872 . I n the quarter ended December 31, 1872,.. In the quarter euded March 31., T873 I n the quarter ended J u n e 30, 1873 Total. W a r r a n t s issued by the Postmaster-General arid countersigned b y the Auditor, passed, aud registered: I n the quarter ended September 30, 1872 , In the quarter ended December 31, 1872 In the quarter ended March 31, 1873 In the quarter euded J u n e 30, 1873 Total. In In In In Drafts issued b y the Postmaster-General and countersigned by the Auditor, passed, and registered: the quarter ended September 30, 1872 the quarter ended December 31, 1872 . . . , the quarter ended March 31, 1873 i the quarter ended J u n e 30, 1873 : .Total. Railway postal clerks, route, and other I n the quarter ended September 30, 1872.. I n the quarter euded December 31, 1872 .. In the quarter ended March 31, 1873 In the quarter ended J u n e 30, 1873 Total. Miscellaneous accounts: I n the quarter euded September 30, 1872. I n the quarter ended Decemher 31, 1872 .. In the quarter ended March 31, 1873 In the quarter ended J u n e 30, 1873 Total. 98 65 50 66 13, 473, 555 79 1. 054, 053 89 Foreign mail accounts settled in the fiscal y e a r . Collection orders sent out to postmasters : I n the quarter ended September 30, 1872 In the quarter ended December 31, 1872 I n the quarter ended March 31, 1873 • In the quarter ended J u n e 30, 1873 $3, 087,195 3, 377, 008 3, 475, 339 3, 534, Oil 24, 24, 24, 25, 728 884 856 997 639, 767, 838, 768, 435 578 427 521 48 08 94 49 100,465 3, 013, 962 99 3.057 , 3, 259 3,285 3, 308 121, 387 125,462 136, 850 130,416 12, 909 514,116 I 04 4538 21 1,767 ],975 2,119 2,108 2, 283, 812 2, 457, 098 2, 484,144 2, 485, 695 7,969 9, 710, 750 74 4, 676 4, 703 4,904 4,615 706, 541 6.34, 915 764, 188 649, 246 18, 898 2, 754, 891 63 32 47 32 63 83 33 43 04 1,835 1,880 2, 067 2,224 433,123 447,841 465, 955 483, 973 63 58 61 56 I, 006 1, 830, 894 38 169 207, 469 227, 383 283,543 283, 699 687 10, 002, 095 64 143 167 46 17 11 90 SIXTH 287 AUDITOR. Accounts of contractors settled during thefiscalyear—Continned. Quarter. In In In In Accouuts of letter-carriers : the quarter ended September 30, 1872 = . the quarter ended Deceraber 31, 1872 the quarter ended March 31, 1873 the quarter ended J u n e 30, 1873 -.--•-' Salary of special ageut paid out of appropriation for letter-carriers. 1,587 ^782 1,649 i,589 0,607 Total . Accounts of In the quarter I n the quarter I n the quarter In the quarter special mail-carriers: ended September 30, 1872. ended December 31, 1872 . ended March 31, 1873 ended J u n e 30, 1873 Total . Accounts of I n the quarter I n the quarter I n the quarter I n the quarter special agents : euded September 30, 1872 . ended December 31, 1872.. ended March 31, 1873 ended J u n e 30, 1873 $354, 204 359, 402 352, 826 353, 342 2, 720 09 62 21 21 35 1,422,495 48 1,4.52 1, 4421,437 1,464' 12, 018 71 12,134 52 12,932 35 12,217 80 5,795 49, 303 38 195 221 196 215 '46,751 26 55,884 12 50, 539 05 55.912 53 Total. Eeport of the archives cleric for thefisoal year.. Quarter. ^xi Si In In In In quarter quarter quarter quarter ended ended end^d ended Total 6,556 8,001 7,708 6,^43 1, 509 .5.98 9, 330 8,374 5, 519 3,650 4, 543 5, 893 2, 384 2, 665 1, 736 2,652 29, 208 19, 811 19, 605 1,437 September 30, 1872 December '31, 1872. March 31, 1873 J u n e 30, 1873 «t ^ o a MONEY-ORDER DIVISION-—JOHN LYNCH, PRINCIPAL CLERK. • ^ !" ' ' ' ' . ' . Number. Domestic money-order statements received, examined, and* registered during the fiscal year, as follows : Quarterended September 30, 1872 Quarter ended December 31, 1872 • Quarter fended March 31, 1873 • Qnarter ended Jnne 30} 1873 _, ; Total . . . 1 .; ^ 34,942 33,183 33,180 33,174 134,479 ' * British international money-order statements received, examined, and registered during the fiscal year : Quarterended September 30, 1872... Quarter ended Decemhbr 31, 1872 ' Quarter ended March 31, 1873. = .i 1 Quarter ended June. 30, 1873 L Total. 9,714 11, 088 11,088 11,088 42, 978 288 REPORT ON THE FINANCES. . Number.'' Swiss international mo.ney-order statements received, examined, and registered duriug the fiscal year : Quarterended September 30, 1872 ...: Quarter ended December 31, 1872 ..."...• Quarterended March 31, 1873.\ Quarter ended June 30,1873 ...• Total-.............' 7,399 German international money-order statements received, examined, and registered during the fiscal year: Quarter ended December 31, 1872 Quarterended March 31, 1873 Quarter ended June 30., 1873 , Total 1,963 1,812 1,812 1,812 .'' 6,012 6,012 6,012 18,036 Number. Ambunt. Domestic money-orders issued during the fiscal year: 3, 355,686 $57,516,214 69 British international money-orders isssued during the fiscal year " 69,592 1,364,476 32 Swiss international monev-orders issued during the fiscal year,.- I '. 2,801 78, 313 93 German international money-orders issued duriug the fiscal year 19,454 420,722 12 Domestic money-orders paid, received, examined', assorted, checked, and filed during the fiscal year 3,314,818 56,900,351 23 British international money-orders paid, received, examined, assorted, checked, and filed during the fiscal year 10, 486 215, 087 61 Swiss international money-orders paid, received, examined, assorted, checked, and filed during the fiscal year 600 16, 809 58 German international money-orders paid, received, examined, assorted, checked, and filed during the fiscal year :. :... 11,613 310,108 26 Certificates of deposit registered, compared, and entered during the fiscal year : Quarter ended September 30', 1872 Quarter ended December 31, 1872 Quarter ended March 31, 1873 Quarter ended June 30, 1873 1 Total : 40, 427 42,576 46,119 46,184 Transfers registered compared and filed during the fiscal y e a r : Quarter euded September 30, 1872 : Quarter ended December 31,1872 Quarter ended March 31, 1873 Quarterended June 30, 1873..Total Drafts registered during the fiscal year: Quarter ended September 30, 1872 Quarter ended December 31,1872 Quarter ended March 31, 1873.' , Quarterended June 30, 1873 : 49,049,503 28 1,746 1,712 1,504 1,747 6,709 Total • Money-orders returned for correction during the fiscal year ; Letters written by the division during the fiscal year: Quarter ended September 30, 1872 Quarter ended December 31, 1872 Quarter ended March 31, 1873 Quarter ended June 30, 1873 : Total ^ 175,306 ^ 1,202,186 68 2, 313 2, 663 2,373 2,720 10,069 5,002,745 00 15,115 . -' •. . . . . 355 436 727 619 2,137 SIXTH AUDITOR. 289 ' In concluding this report I am gratifi.ed to say that the"" work performed by the employes in my Bureau has been done with alacrity and promptness, and, I think, to the satisfaction of the Post-Office Department and the public generally. To the energy and efficiency of my chief clerk, Mr. J. M, McG-rew, and the heads,of the divisions, I am greatly indebted for these results. Yery respectfully, your obedient servant, J. Jo M A E T m , Auditor. Hon. W I L L I A M A. RICHARDSON, Secretary of the Treasuryo 19 F REPORT OF TREASURER OE THE UNITED STATES. REPOET TREASURER OF THE UNITED STATES. TREASURY OF TPIE U N I T E D STATES, WASHINGTON, Novemher 1,1873. S I R : For the thirteenth time since I came in charge of this office, it has become my duty, by virtue of statutory law and of Departmental regmlations, to make a full and correct exhibit and statement to the Secretary of the Treasury of the actual condition of the Treasury of the United States, as it truly appeared from the books of this office at tlie close of business on the thirtieth day of June, one thousand eight hundred and seventy-three. The statements and tables hereto appended will fully exhibit not only the actual condition of this office at the close of the fiscal year on the aforesaid day, but its movement for the year preceding; and show the actual amount of moneys received, and from what sources receivecl, and the actual amount of disbursements, and for what purposes disbursed, in said fiscal year. I have also taken the liberty to make such suggestions as have occurred to me in regard to* the future conduct and management of the office; and have perhaps gone beyond what is expected or required of me, by making some remarks in regard to the currency and the finances of the country. If therein I have transgressed, I hope for forgiveness therefor. On comparing the tables of '^Eeceipts '^ and of '' Expenditures^"^^ that appear at the beginning of the appendix, hereto annexed, with the like tables in my report of the preceding year, it will appear that there has been a large falling off in the receipts, amounting to $28,280,764.07 on Customs^ and to $16,912,863.58 on Internal Bevenue. This decrease in the revenue is mainly due to the great reduction of taxation in both of these, the main sources of national income, that was made by the last Congress, which was demanded by the people, and has received their sanction and approval. But, unfortunately, it will also appear from further inspection, that the expenditures are largely in excess of those for the preceding year. This increase of expenditures is mainly due to the large appropriations made by the last Congress in excess of the estimates made by the several Executive Departments of the Government. The falling ofi' of the receipts, and the increase of expenditures, have put a check upon the rate per annum at which the public debt was paid off in preceding years.' These facts combined make an interesting subject for reflection, the study of which will make a good guide, if not a warning, to Congresst and the administrative officers as well, of the course that should be pursued in the future. Either taxation must be increased, an expedient that can hardly be thought of, or the appropriations must be kep, 294 REPORT ON T H E FINANCES. largely below the receipts. Otherwise the rapid reduction of the public debt will be arrested, if not abandoned. I N T E R C H A N G E ABILITY OF UNITED STATES NOTES AND BONDS. Few, if any, believe that the volume of the circulating medium, as fixed by law, stands at an amount that is exactly right. The people are divided into two parties, holding directly opposite opinions; the one,, judging from the difficulty of procuring sufficient money, at certain seasons ofthe year, to move the crops and other products, contending that there should be a large increase; the other, knowing that at other times there is a plethora of currency that for the time being drives men into . the wildest speculations, insisting that the volume of the circulating me-, dium should be greatly reduced, through «which speculations would be checked, and a return to specie paiyments thereby be speedily and easily assured. Kow, both are, from their respective stand-points, entirely correct; and yet, paradoxical as it may seem, both are wrong. It must be obvious to all who have an interest in, and who have watched the course of, the business aiid financial relations of the country, that there are times when the real wants of the country demand and there should be an increase of currency; and that there are other times, when the safety of all legitimate business requires that it should.be largely reduced. What is really needed is a currency so flexible as to, at all times, accommodate itself to the real business wants of the whole couiitry. The greatest objection to ah exclusively metallic currency is its want of elasticity. That there are regularly recurring times when the wants of legitimate trade require an expansion of the circulating medium to an a.mount much greatei? than is necessary at other times, is a fact that is patent to all observing business men. When the times arrive for the purchase of the crops and other products of the countryj and for their transportation from the interior to the sea-board and a market, immense amounts of currency are imperatively demanded for the purpose, which, when the missiou is accomplished, are not wanted for any legitimate ^ purposes of trade and commerce; and therefore seek, for the time being, other channels of profitable use. Unfortunately, not being needed as a inedium for the interchange of values, this then redundancy of the currency is driven into channels of wild speculation in fancy stocks and ^ visionary enterprises. Here it is stranded; iand when again needed for the teal wants of the people, for the proper transaction of the business of the country, it cannot be had, and the staple commodities and crops that then seek a inarket are hindered and kept back, through which all classes of pieople are injured and damaged. i t has, perhaps, not occurred to every one who has not studied the subject, that during the suspension of specie payments, and when the amount of paper"money is limited to a certain sum, as ours is, by law, the rigidity Or want of fliexibility and elasticity of such currency is greater, ahd consequently more injurious to the interest of the people than a metallic Currency can possibly be. Coin always flows to the • countries where it is appreciated and most- wanted. So, in case of heed, it would flow in from other countries in exchange for ohr surplus products. ' An irredeemable paper carrency, oh the cohtrary, is confined exclusively to the country that issues i t ; and when the amount is fixed and unalterable, for all the year round, the eff'ect is that at certain times ^ of the year, as is the case now, it is altogether insufficieiit for the genuine TREASURER. 295 purposes of trade and commerce, and for bringing forward the great staples of the country, wherewith to pay our debts and enrich the country by bringing the balance of trade ih our favor. At other seasons of the year nothing like the legally fixed quantity of currency is needed ; neither can it be used for any legitimate purposes. At such times the holders, naturally desirous to ''turn an honest penny ,'^ finding allthe legitimate avenues of trade closecl, either engage in speculations themselves, or place their money at iiiterest with corporations aild individuals, who too often use it for purposes that, in point of morality, are but little renioved from ordinary gambling and downright. swindling. , . ^ Partially by the force and more by the abuse of law, the arrangement between the country banks and those located in cities, where the redemption of the circulating notes of national banks is required to be made, has originated nearly all the evils that have, from time to time, deranged the business and financial affairs bf the country. Banks, in certain locations, are permitted by law to have their redem ption agencies in interior cities. These, in turn, have theirs in the large cities oh the Atlantic coast, principally in the city of -l^ew York. Certain amounts of the legal-tender reserves of the interior banks are perrnitted by law to be deposited with their redemption agencies. This forms a nucleus arounci which larger amounts, above what is required for the reserve deposits, accumulate. For all these deposits interest is allowed. In times of partial stagnation of business, which always occur at. certain seasons of the year, money accumulates in country bauks. These banks being unable,' at those times, to make more x)rofitable use of their funds, send them to their redehiption agencies in order to make and receive interest thereon. The city banks, particularly those in the city of New York, are thus flooded with money at the very time, and for the reason that there is then no legitimate use for it anywhere. The city banks being obliged to pay interest on these enormous deposits, look around for some profitable employment of thesefunds. They find it inost convenient, for their present interest, to loan them on notes subject to call, with all kinds of stocks as collaterals. Soon the times change, the business season returns, and money, in large amounts, is now required to move the crops and staple commodities that seek a market. The money being locked up, or perhaips swamped in disastrous schemes and wild speculations, cannot be had for the purposes of legitimate trade and commerce that then so inuch need it, and for the want thereof these languish, to the great injury ofthe people of the whole country. For these notorious evils a remedy should be found and interposed. In looking over the whole ground, no scheme has presented itself that would be so likely to accomplish the end in view as the authorization by Congress of the issue of a certain amountof legal-tender notes, that could at all times be converted into a currency interest-beariiig stock of the United States, and fdr which the holder bf such stock so authorized could at pleasure at any time receive legal-tender notes, with the accriied interest, fiom the day of issue of such stock to the day of its redemption. It is believed that a rate of interest no higher than S/Q-^Q percent, will be high enough to absorb the desired amouiit of the circulation when not needed for commercial purposes, and low enough to force the return of the bonds in exchange for legal-tender notes at the times, when the business wants of the country shall require more currency.. This rate of interest, being just one cent a day for the use of one hundred dollars, would be popular with the masses of the people, because of the ease with which interest could be computed on any amount for the 296 REPORT ON THE FINANCES. known number of days that a bond may have run. It is very probable that the legally authorized amount of four hundred million dollars of legaltender notes need not be increased in order to carry out this scheme; and it is more than likely that under the then changed condition of the currency, with no tendency to go into wild projects and stock speculations, the minimum amount of three hundred aud fifty-six million dollars would, on account of its being readily obtained in exchange for the proposed stocks, be sufficient for the easy transaction of the legitimate business of the country at times when commercial wants shall need the largest amount. It is believed that with this new attribute of the legaltender notes, the parties who are now so clamorous for more paper currency will become satisfied that no more is needed; and that those who believe that it is mischievously redundant and a hinderance to the resumption of specie payments, will have opportunity to judge of the correctness of their preconceived opinions. In addition to the urgent economical reasons, there are strong moral ones why the legal-tender notes should again be made to be convertible into United States stocks. The first issues of these notes bore the following legend upon their backs: ''This note is a legal tender for all debts, public and private, except duties on imports and interest on the public debt; and is exchangeable for United States six per cent, twenty years'^ ^ow(?s, redeemable at the pleasure ofthe United States after five years." These notes, so indorsed, were issued by virtue of and in accordance with the acts of February 25, 1862, and of July 11, 1862. By the act of March 3, 1863, the right of the holders of these notes to so convert themwa,s made to cease and determine on the first day of July then following. The disavowal by the Government of this obligation was, no doubt, influenced .by the fact that on the day of the passage, of the lastnamed act gold was quoted at 171 per cent. It was a war measure, and was considered as a thing necessary to be done, at a time when, the life of the republic was in peril. On no other ground could such an^ act be justified. There is no longer any such necessity, and it would seem to be but fair and just that the attribute of the convertibility of these notes into a stock of the United States should be restored. The privilege of the reconvertibility of the stock into notes would, perhaps, be an equivalent for the lower rate of interest that it is now proposed to allow, below that fixed by former laws. Should the national banks be. permitted to hold the proposed new bonds in part, or , for the full amount of the legal-tender reserves required of them by existing laws, it would go far to prevent the pernicious practice on their part of paying interest on deposits. This practice has been, and will continue to be, unless inhibited by force of law, the main source of all the financial troubles that have of' late years disturbed and damaged all the business relations of the country. Banks were created for the purpose of loaning money, for the more easy transaction of business, and not for the purpose of borrowing it for purposes of speculation, and thus blocking the channels of legitimate trade and commerce. So long as they confine themselves to this, their legitimate business, they benefit themselves and the community as well. But the moment they reverse the machinery and become borrowers instead of lenders of money, they not only put their own interests in peril, but they become insti'uments of great danger to everybody within their influence. This practice on the part of national banks of paying interest on deposits, and especially that of one bank allowing interest on the deposits of another, whetlier they be permitted to hold the proposed bonds TREASURER. ':297 as a part of their reserves or not, should' be forbidden by law, under the severe penalty of the forfeiture of their charters. Objection will, no doubt, be made to the new attribute proposed to be given to the legal-tender notes, on the ground that interest will have to be paid on that part of them .which will be represented by the proposed stock. The minimum amount of legal-tender notes, $356,000,000, is now a loan from the people to the Government without interest. Should the plan proposed be adopted, it is believed that at times the part of these notes represented by stocks would amount to $150,000,000, and that at , other times it would not be more than one-half that amount. This would bring the average amount at iuterest to about $112,000,000. If the . maximum of $400,000,000, authorized by law, should be issued, it woiild reduce the amount on the diff'erence of interest to be paid by $44,000,000, being an average of $68,000,000 on which interest would have to be paid. This at 3/^% per cent, would amount tcf,$2,482,000 per annum. The whole circulation issued by the Governn'^nt, including the fractional currency, would then be about four hunu^ed and forty million dollars, on which the interest at five per cent.> H'Ould be twenty-two million dollars. Deducting the amount of curreh>v^ interest that would probably be paid on the contemplated new bonds j-S aforesaid, it would still leave over nineteen and a half million of doll ?s as the saving of gold interest by reason of this large loan by the pt \iple to the Government, on which thelatter pays no interest. The a iparent loss of less than two and a half million dollars in currency to thvi people, who would hold the stock, would be a mere trifle as compared with the great gain that would accrue to^ the whole country in consequence of the better circulating medium that would be introduced, and which, it is believed, would protect them iu the future from " corners " of all kinds, and from financial convulsions like the one that has just now swept over the whole country like a tornado. This could not have happened bad there.been an elastic and flexible, instead of our present rigid and unyielding, currency. There is. scarce a doubt but this financial revulsion has cost the people in the aggregate hundreds of millions of dollars, to say nothing >, of the loss of revenue to the Government. There are, no doubt, those w^ho suppose it to be their interest to have money matters remain as they now are, who prefer a state of suspension and unsettled values to the resumption of specie payments and a fixed standard for the measure of exchangeable commodities, on the ground that a return to specie payments would make money scarce, and thus produce a great shrinkage in all values. These may .dismiss their fears.' An irredeemable currency, fixed as to amount, rigid, like ours, makes an uncertain measure of commodities, while a circulating medium that is elastic, with gold for the standard, insures one that is more uniform and equitable for both buyer and seller. Besides, resumption would not necessarily reduce the volume of paper money; but it would certainly increase the aggregate circulation of the country by the amount of gold and silver coin that would thereby be added to it. Expansion, rather than contraction, would be a much likelier consequence as the result of the resumption of specie payments. Should, how^ever, the maximum of legal-tender notes authorized by law be found to be inadequate and insufficient to prevent the brigands and banditti who infest our money-marts, and who ^at times conspire against the public weal by " lock-wps^^^ making money scarce when most needed for business purposes, thereby robbing whole communities to enrich themselves, the Secretary of the Treasury might be authorized by law, in such case, or at any other time, when the exigencies of the 298 ' REPORT ON THE FINANCES. Treasury may require the same, to issue an additional limited amount of such convertible legal-tender notes in exchange for any United States six per cent, stocks, allowing on and paying on such six per cent, stocks, on such exchange, the average price borne by them on actual sales thereof in the open stock-market in the city of New York for the three business days next preceding such purchase and exchange. Should this become necessary and be done, the saving of interest on the six per cent, bonds would probably more than equal the interest that would be paid on the new bonds, into which legal-tender notes are to be made convertible, as hereinbefore proposed ; thus not only making the interest on the public debt less than would otherwise be paid, but making a part of it payable in currency to our own people at home, instead of in gold to foreigners abroad. The Postmaster-General has done me the honor to consult with me in regard to a scheme that he proposes to recommend to Congress, for the prtssage of a law authorizing tbe creation of a United States savings institution, under the joint management of the Post-Office and the Treasury Departments. By this plan, which, in some shape, has been adopted in Great Britain and in other coantries, all persons will be enabled to deposit with postmasters in all parts of the country amounts of money for which, when received at the Treasury, will be issued to them currency interest-bearing bonds of a like character as hereinbefore described. As this would change a large amount of the indebtedness of the nation from six per cent, gold interest-bearing bonds to others bearing a lower rate of interest, payable in currency, thus making ia great saving to the nation, and, at the same time, giving to all the people, who choose to avail themselves of its benefits, a place of safe deposit where they will be able to receive interest on their surplus means, and as it will be an auxiliary and a help in the project before indicated for the improvement of the currency, the plan commends itself strongly to my judgment as one that would not only be of great benefit to the individual depositors, who would at all times be able to receive their deposits, wath the accrued interest, but to the people of the whole country as well. Should the plans herein proposed go into operation, they would, no doubt, on the one hand, arrest the wild schemes of visionaries, who coiitract large debts abroad, for w^hich there is a continuous drain on this country for the payment of the interest, on their unproductive undertakings, and on the other hand would facilitate the early aud rapid transportation of the staple products of. the country to the sea-board, for exportation to a foreign and profitable market. Both combined would soon bring the balance of trade largely in our favor. After which it would require no statutory enactments to enforce a return to specie payments. The natural laws of trade and commerce will, under such circumstances, bring about the desired resumption in a way peculiar to themselves; and the transition from a state of suspension, to that of^ honest specie payments, will be so easy, that the world will wonder why it did not take place before. With a paper currency as proposed, secured as ours is, that will at all times adjust and accommodate itself to the real business wants of the country, and made still more elastic by the return to specie payments, and thus being at all times convertible into coin at the pleasure of the holder, ihe country will possess a circulating medium superior to that of any that has ever been known to any nation of the earth. TREASURER. 299 DISBURSINa-OFFICERS^ CHECKS. The act of Congress, passed May 2,1866, entitled " An act to facilitate the settlement of the accounts of the Treasurer of the United States, and to secure certain moneys to the people of the United States, br to the persons to whom they are due, and who are entitled to receive the same," has relieved this t)ffice of numerous accounts, some of which had remained on.the books of the Treasurer for forty years. By the operation of this law, all moneys represented by these accounts that had remained unchanged for three years or more on the books ofthe Treasury, or any of the. offices thereof, were covered into .the Ti^easury by warrant to an appropriation account denominated "outstanding liabilities.^' The workings under this law have been satisfactory to all > persons claiining payment on drafts and checks. There has been no difficulty in the way of persons entitled to receive pay therefor, such payment being made upon the statement of accounts'in their favor by the First Auditor. Occasiohally claim is made that credit be given to a disbursing officer, on the settlerneht of his accounts, on outstanding thecks issued by him, on which he may have before received a credit on the receipt taken on the delivery of the checks. If allowed, the bfficer Would thus receive two credits for one payment. In order to obviate this difficulty, and to reinove all doubt as to whom the credit is due, it is suggested that the heads of the diff'erent Departments Of the Government may be asked to issiie orders to all their disbursing officers Who make payments by checks on the Treasury, or on any bf the bfficei?s thereof,'requiring the disbursing officers, in such cases, to place the number of the check upoii the receipt received therefor, and the number, of the receipt upon the check given in payment for the same. If this cannot be done by departmental regulations, then it is suggested that Congress may be asked to amend the act aforesaid, or to pass such a new law as will compel all disbursing officers who make payments by checks on the Treasury to conform to the above-mentioned regulations. OUTSTANDING UNITED STATES CURRENCY. The amount of outstanding national .currency at the close of the fiscal year was as follows: Legal-tender notes Deduct ambunt on hand Fractional currency...-. Deduct amount on hand •. i ...^.. i Deriiand notes..^•.^.;. ................. One-year notes Two-year n o t e s . . . . . Coupon two-year notes . . . . . . . . Compound-interest'notes Total amount of currency outstanding J. : ..: $356,000,000 00 6,392,77100 : — $ 3 4 9 , 6 0 7 , 2 2 9 00 44,799,.365 44 6,7D9,847 71 38,089,517 73 79,967 50 88,705 00 ' 28,200 00 31,250 GO 499,780 00 —— —7^7,002 50 . 388,424,649 23 From this amount there should be allowed a large margin for notes bf all kinds that have been destroyed and lost, and that will never be presented for redemption. The following table exhibits the amount of the fractional currency of the first issue, commonly known as " postage currency,'^ outstanding at the end of each of the fiscal yea-rs for ten 300 REPORT ON T H E FINANCES. years from 1864 to 1873, both inclusive, and also shows the amount redeemed and the percentage of redemptions in each of the ten years mentioned. The figures of the table show that in the year 1864 the amountof this currency then outstanding was $14,842,335; of this amount there was redeemed in the next fiscal year $4,903,747;34, being at the rate of 33 per cent., or very nearly one-third of the whole amount outstanding at the .beginning of the year. After that the falling off' of the amount of redemptions is shown to be very great. By inspection of the last column of the table it will be seen that while the decrease of redemptions in the next year was twenty-nine per cent., it has been running down with highly accelerated speed from year to year until, for the year closing with the thirtieth of June last, the actual redemptions on the amount outstandiiig was a trifle less than one-third of one per cent. These facts would seem to indicate that nearly the whole of this issue, originally amounting to $20,215,635, that still exists,, has been redeeined, and that probiibly about four million dollars has been destroyed, and can be fairly deducted from the actual circulation of the fractional currency, and that the national indebtedness is reduced by that amount. This is, to be sure, an extreme case. It is not probable that the saihe rate of loss will obtain in the case of any of the other issues of the Government. This particular fractional currency was all issued between August 21, 1862, and October 10, 1863, in a period of less than fourteen months, in the early part of the rebellion, at which time it was extensively used for the payment of troops in the field, in the States then in a state of insurrection, when and where, no doubt, the greater part of that which remains unredeemed was lost. Table shoioing the decrease in outstanding fractional currency., from year to year .J of the first issue, commonly known as postage-currency, . For year ending— 1863 June June June June June June June June June June :.. 30, 1864 30, 1865 30, 1866 30, 1867 30, 1868 30, 1869 30, 1870 30, 1871 30, 1872 30, 1873 Amount outstanding. $20,215,635 00 14,842, 335 00 9,938,387 66 7,041, 279 78 5,497, 538 934,881, 095 27 4,605,712 52 4, 476,999 87 4,414, 025 04 4,391,299 09 4, 376,979 15 Rate per Actual decrease cent, of decrease. $5, 373, 300 00 4,903,747 34 -2,897,307 88 1,543,740 85 616, 443 66 275,382 75 128,712 65 62,974 83 22,725 95 14,319 94 .265 .330 .291 .219 .112 .056 .028 .0140 .0050 .0032 In high contrast to this stand the redemption and percentage of the outstanding circulation of the old demand notes. These are the other extreme, and the redemption has been greater, and is nearer to the full amount issued than that of any of the issues of United States currency. These notes were all issued within the space of one and a half years prior to December 31,1862. This thorough and quick redemption is due to the fact that they have always been receivable for customs duties, and have for many years been redeemed in gold. Gold was at a premium of thirty-three per cent, and upward when TREASURER. '301 the legal-tender notes were substituted in their stead, thus making three demand notes equal to four legal: ten der notes of like denominations,. These notes were always the eq.uivalent of gold. This, with their short ^ term of circulation, accounts for the small amount left outstanding. Sixty million dollars of these notes, of the denominations of fives, tens, and twenties, were issued, all of which, except $79,967.50, were redeemed at the close of the fiscal year, being only about one and a third of one per cent, left outstanding, while the outstanding part of the first issue of the fractional currency is over twenty-one and one-half of dne per cent, on the whole amount issued. CONDITION OF THE CURRENCY. The various offices of the Treasury, located in all the principal cities of the country, afford to the holders of mutilated and defaced currency, of all the kinds issued by the United States, facilities to have the same exchanged for new currency of like kinds. The Department off'ers additional inducements for sucli exchanges by paying the express charges, both ways, on the transportation of old currency to the^ Treasury, and on the new in return for the same. In this way all the issues of the legal-tender notes, and of the fractional-currency as well, are kept in tolerably good condition. Not so with the issues of the national banks; these have no such facilities, and no motive for making such exchanges. .The consequence is that the larger part of the notes of these banks is in a most wretched condition, many of them being totally unfit for circulation. Section 23 of the national currency act provides that these notes ^'shall be received at par in all parts of the United States in paymentof taxes, excises, public lands, and all other dues to the United States, except for duties on imports, and also ' for all salaries, and other debts and demands owing by the United States to individuals, corporations, and associations, within the United States, except interest on the public debt and in redemption of t h e national currency." Under this provision of law. the national bank notes are received, in large numbers and amounts, in payment of taxes and dues, by the assistant treasurers, designated depositaries, and national banks designated as such depositaries, in the various places all over the United States where these officers are located. These officers, finding that the holders of drafts and checks on their offices refuse to receive these notes on account of their worn and ragged condition, send them as transfers' of funds by express from their offices to the Treasury. Here, because no other disposition can be made of them, they are assorted at considerable expense and with much labor, and sent, so assorted, to the offices of the assistant treasurers, designated depositaries, and national banks designated as such depositaries,-in the cities where the banks that issued such notes, or their redemption agencies, .are respectively located, thus incurring a second expense for their transportation, besides the loss of interest for three months' time from the date of their original receipt until the time they .can be. converted into funds fit to be used in payment of dues from the Government. The cost of two transportations by express, the necessary expenses incurred for clerk hire, and other incidental expenses attending their assorting and preparation for transportation to the various banks and agencies, and the interest on the amount for the time consumed in converting them into currency that can be used, amounts to more than two per cent. 302 REPORT ON THE FINANCES. The amount of legal-tender notes outstanding, as by the books of this office, on November 1, 1872, w a s , . . . . . $360, 566, 764: On the third, of October of the same year, the national banks and their agencies held of these notes as their reserves required by l a w . . . . . . . . . . . V - r.-.-..-.-. T -. $102,074,104 And there was in the offices of the Treasury, exclusive of special deposits for certificates . . . , ,... 6,392, 771 108,466,875 Leaving the actual circulation at . . . . . . ^ . , . . . . . . - » 252, 099,889 On the day first named the circulation of the national banks amounted to ..-.-.- , 3.40,993,470 The exchange of legal-tender notes for the year jjireced-. ing, counted up in individual notes, w a s . . . . , . , . . . . , 14,221,291 That of the naitional babuks, for the same time, deduct-. , ' ing 568,512 notes of banks in liquidation, for which no new notes were issued, amounted to only. 5, 688,868 These figures, when compared with the respective issues outstanding, arid on the supposition that like amounts, represent like numbers of notes, would indicate that the United States had replaced one notaih every s^eventeen and a .half, and. the national bankS; only pjie note in. sixty. Some, idea may be formed frprn this statem^At of the relative, condition of the two. kinds of currency. The. consequence is, that many of the notes of the banks are so badly worn, torn, dirty, and defaced, t h a t even experts: are often in doubt and unable to correctly judge of theirgenuineness, making it always a ri^k, often ending in loss to take, them. Some remedy must be found for the correction of this evil. Unless, the banks can be induced to provide for the prompt retirement, of such of their notes aS: are and may beeorne unfit for circulation. Congress, should he asked for the; passage of a, law compelling them to do so,; or to authorize some arrangement through which the exchange of new for. old and defaced notes of all the national banks can be made thrpug^h^ the instrumentality of the. Treasury Department. I feel sure that you will be able to. devise sonie, ivlan tha-t. Congress will, on your reconiinendation, enaotanto a.law that wiU work a perfect cure, of the evil complained qf. I)iscoMntorjb mutilated currency. Formerly, under and by virtue of Treasury regulations, deductions^ were made, from the par face value of all United States: notes aiid frac^tional currency, for the proportional part that was missing from any note returned to the Treasury for redemption. While the old rules CQUT tinued in force, the deductions so made amounted to the, large sum of $227,044.14. This source of revenue, if so i t may be called, has, now: entirely ceased; and it: is feared-that frauds are being perpetrated. A great clamor was raised by persons, who desired to commit frauds., Newspapers, whose editors and managers did not understand the frauds^ that. were.attempted to be practiced by so. manipulating like:notes as: to compel the redemption, af a larger from a smaller number, joined the) rogues in the unreasonable clamor, through which the Department waS) induced to change the rule. Under the old regulations, the penalties^ collected for deductions, proportioned to the missing parts of mutilated TREASURER. . 303 notes deterred evil-minded persons from mutilating the currency. Under the new rules discounts ceased, and the practice of mutilation has largely increased. Some penalty is necessarily required/to arrest the evil. The national banks have, their protection in section 58 o f t h e *' act to provide a national currency, secured by a pledge of United State bonds.'' It is therein enacted: " T h a t every person who shall mutilate, cut, deface, disfigure, or perforate with holes, or shall unite or cement together, or do any other thing to any bank-bill, draft, note, or other evidence of debt, issued by any such association, or shall cause or procure the same to be done with intent to render such bank-bill, draft, note, or other evidence of debt unfit to be re-issued by said association, shall, upon conviction, forfeit fifty dollairs to the association who shall be injured thereby, to be recovered by action in any court having jurisdiction." Such a law, as far as it is applicable, with an additional clause , 'declaring it forgery to mutilate any United States notes with the intent of making a greater from a smaller number of such notes, has now, under the changed rules aiid regulations, become necessary for the protection of the public interest. But even such a law would not be as effective to prevent frauds, nor as profitable, as were the old Treasury regulations, which imposed the penalty on .the instant, in every case, and which worked adjuQirably in everything- except for the interest of swindlers> bent upon defrauding the Govemment and people by getting more notes redeem.ed than were issued. It is therefore most: respectfully, recommended that the; former riile% and regulations, in regard to the redemption of United States noites and fi'actional currency from which parts may be missing, may be again put in force, or that Cphgress may be asked to pass such a law as may, at |ea;St in part, prevent, in this/tegard, frauds iipon the Treasu.ry. CONCLUSION. The business of the office has been regularly performed by the officers, clerks, and other employes belonging to it, to the satisfaGtion of the public doing business with thera, and it really affords mCi great pleasuTe, to cornmend them for their industry and zeal in the performance of their official duties. In this connection I desire to reiterate my often-repeated expressions of opinipn, in my reports of fo.rm:er years, that the employes of this office, through whose hands pass millions upon millions of inoney,^ receive a compensation lower than that paid for like, but less responsi-. ble, services in banks or the offices of business mjen. I am sure, that* they earn and deserve to receive better pay from the Government that they serve so faithf'ully. Notwithstanding their: inadequate pay, not one of the hundreds employed in this office has, since my last report, taken a cent from thei money that is always within their reach. Through, their vigilajnce; others have not been able tp; steal. I congratulate with you that not one cent has been lost to the Treasury within the fiscal year or since, through, any fault of any one Gonneoted! with this office. I have the honor to be your obedient servant, • ^ ' F ; F . SFINNEB, Treasurer ofthe United States. Hon. W M ; A. EICHARDSON, Secretary of the Treasury. APPENDIX. A.—GENERAL TREASURY. I.—RECEIPTS A:!^D E X P E N D I T U R E S . 1.—Eeceipts and exxDenditures by warrants. The books of the Office were closed June 30, 1873, after the entry of all moneys received and disbursed on anthorized warrants, as follows: Eeceipts. From— Net. Repayments. Counter-warrants. Totals. $214,931,017 00 Loans Customs , . . 188,089,522 70 Internal Revenue 113,729,314 14 Lands.... 2,882,312 38 ', 840 95 Miscellaneous 29,037,055 45 ^2,023,227 38 V^^ar 2,264,035 12 29,402,654 11 990,788 14 2,752,791 26 Navy 208,862 26 1,464,545 48 Interior ,931,017 00 188,089,522 70 113,729,314 14 2,882,312 38 31,346,123 7831,666,689 23 3,743, 579 40 1, 673, 407 74 548,669,221 67 I 6,742,596 12 132,650,148 58 Late United States depositary, Galveston, Texas, formerly c r e a t e d as unavailable Balance from J u n e 30, 1872 588,061,966 37 2,033 32 106,551,641 24 694,615,640 93 Expenditures. On acconnt of- Net. Repayments. Counter-warrants. Totals. 799 17 17 $607,630 21,851 91 47 216,630 208,862 26 74 1,464,545 2,817 58 77 38,383 31 2,264, 035 129,402,654 11 23 11,134 2,752,791 26 79 990,788 88,252 47 81 493,863 48,909 34 85 133,727 35 753 48 41 190,504 39 2,457 00 01 331,354 00 |21,837, 622 73 6,938, 600 67 38,984, 539 48• 7, 087, 860 96 77, 989, 827 54 20, 474 26. 27,269, 836 19 33,163, 655 50 1,755, 399 64 589, 451 35 3,910, 302 28 343,889, 772 01 524,044,597 91 1 6,742,596 12 132,650,148 58 563,437, 342 61 Amount allowed Treasurer United States by act of Marcli 3, 1873 — Balance J u n e 30, 1873.. •... • 161 00 131,178,137 32 Customs Internal Reyenue Interior Interior, civil Waj: War, civil Navy Treasnry Diplomatic Quarterly salaries Jndiciary Pnblic Debt - $21, ip9, 193 6,700, 118 37, 311, 131 7, 046, 659 46,323, 138 ' 9, 340 23,526, 256 32,581, 539 1,572, 762 589, 451 3,719, 044 343,555, 961 694,615,640 93 NOTE.—Tbe above balance in t b e Treasury June 30, 1873, differs from tbat of tbe Secretary and Register $161, tbe amount allowed t b e Treasurer as above, not yet credited by those officers. TREASURER. " 305 Monej^s advanced to disbursing officers, in excess of tbe amonnts required for disbursement, are returned to tbe Treasnry and carried to tbe credit of tbe ai^propriation from which they were drawn by repay covering-warrants. Connter-warrants represent moneys returned to appropriations, which moneys had previously been expended on some other acconnt. 2.— Warrants. The receipts, as stated in the foregoing table, were carried into the Treasury by 14,560 covering-warrants, which is 2,110 more than were issued dming the preceding year. The payments Avere made on 31,493 authorized Warrants by 36,234 drafts on the Treasury and the various branches thereof. This is an increase in the nnmber of warrants issued over the nnmber issned during the. preceding year of 4,473; and in the number of drafts of 4,477. 3.—Eeceipts and Expenditures by Ledger. The actual receipts, as shoivn. by Cash-Ledger, were as follows: Cash, Dr. • Cash-Ledger Balance, June 30, 1872 $107,587,169 25 Cnstoms • $188,061,469 07 InternalRevenue 113,715,722 83 • Lands 2,884,375 89 Miscellaneons Revenue 4,276,761 27 Semi-Annual Duty National Banks 6,84^,379 24 Fines, Penalties, and Forfeitures 1,305,490 16 ' Premium on Sales of Coin 11,301,794 34 Profits on Coinage 535,419 17 Patent Fees 694,153 33 Pacific Raikoad repayments 532,903 38 Proceeds sales Government property, (War & N a v y ) . . 1,565,908 31 Conscience Money • 25,55121 Sales of India,n Lands 714,361 71 Indian Trust-Funds \. 234,301 17 Alaska Commercial Company 307,181 12 , Captured and Abandoned Proj)erty 88,991 67 Real Estate, direct t a x , " 315,254 51 United States of Colombia!, South America 114,307 10 Prize-Money....; 298,364 87 Back pay of Members of Congress ' 196,513 02 'Slxper cent. Bonds of 1881.. 150 00 Five-twenty Bonds, 1867 : . 1,500 00 Three j)er cent. Certificates 5,000 00 Coin Certificates • • 55,570,500 00 Certificates of Deposit, Act June 8,1872 ; 57,240,000 00 Fractional Currency 38,674,800 00 United States Legal-Tender Notes..'. 63,519,067 00 War Repayments 2,270,644 23 Navy Repapnents 758,624 39 , . Miscellaneons Repayments—chiefly Pensions 3,222,491 11 _ ..— 555,273,980 10 Add amount received from late United States Depositary, Galveston, Texas , 2,033 32 . Total 662,863,182 67 The actual expenditures, as shown by Cash-Ledger, were as follows: Cash, Cr. Pnblic Debt War p i p p e r . . . . .-.: War, civil branch ' Navjr Interior, (Pensions and I n d i a n s ) . - - ' . . - - - . Quarterly Sahmes Judiciary Customs • 20 F ...j ..J ,^.... • $343,887,315 48,735,191 20,474 24,523,617 , 38,619,682 589,298 3,910,058 21,667,662 01 36 26 31 27 05 00 34 306 R E P O R T ON T H E Treasnry • Interior Civil, (Lands and Courts) Diplomatic Internal Revenue FINANCES. ". $33,152,570 7,085,042 1,706,219 6,890,062 : 10 98 60 75 Amonnt allowed Treasurer United States by Act of March 3, 1873 530,787,194 03 •- 161 00 - Actual gross expenditures 530,787,355 03 - •. Balance of cash in Treasnry Jnne 30, 1873 - - 132,075,827 64 662,863,182 67 The cash' balance consists of coin and coin items Other lawful money -. Total-...^ Deduct cash-not covered by Warraiits Balance, as showii by Warrant-Ledger 1 -. :.... 88,145,324 22 43,930,503 42 132,075,827 64 897,690 32 131,178,137 32 It.—BALAJS^CES T O T H E C R E D I T O F T H E T R E A S U R E R o r THE UNITED STATES, JUNE 30, 1873. Treasurer United States, Washington Assistant Treasurer, NeAV York : Assistant Treasurer, Boston Assistant Treasurer, Philadelphia Assistant Treasui'er, Saint L.omis Assistant Treasurer, San Francisco Assistant Treasui-er, NCAV Oiieans Assistant Treasurer, Charleston Assistant Treasurer, Baltimore Assistant Treasurer, Chicago Assistant Treasurer, Cincinnati Depositary United States, LouisAaUe Depositary United States, Buffalo Depositary United States, Pittsburgh Depositary United States, Santa F6 Depositary United States, Tucson Depositary United States, Gah'-eston NationalBanks " Assay-Office, NCAV York.-.. United States Mint, Philadelphia , United States Mint, Philadeli)h.ia, Nickel Account United States Mint, San Francisco United States Mint, Carson City • United States Mint, Deiwer United States Mint', Charlotte United States Mint, Dahl6nega : „. -. : ' Total.....,...-... $28,483, 524 78 48,726,236 62 7,420,928 09 10,285, 894 99 . 1, 319,236 13 2,660,745 30 2,375, 089 58 80,949 28 2,542,242 85 302,555 37 1,774,003 31 105, 510 84 166,247 30 197,208 72 28,775 10 153, 549 35 • • 778 66 7,510,920 56 10,503,023 22 3,197,913 29259,444 27 3,768,000 00 . 150,000 00 3,100 00 32,000 00 27,950 03 132,075,827 64 HI.—DISBURSING OFFICERS. 1.—Balances. Treasurer United States, Wasbington. Assistant Treasurer, Boston Assistant Treasurer, NeAv York Assistant Treasurer, Philadelphia Assistant Treasurer, Baltimore Assistant Treasurer, Charleston Assistant Treasurer, Cincinnati Assistant Treasurer, Cbicago Assistant Treasurer, Saint Louis Assistant Treasurer, New Oiieans Assistant Treasurer, San .Francisco •. |1,487, 488 57 ; $616,784 4, 962, 982 938, 670 331, 386 156, 811 185,088 547,249 612,808 753,831 835,445 18 24 07 11 03 19 38 85 92 39 —. 9,941,057 36 TREASURER. Depositary Depositary Depositaiy Depositary Depositary United United United United United States, States, States, States, States, ' Biiffalo Pittsburgh Lonisville Santa F6 Tucson 307 $78, 434 179, 029 340, 054 251, 623 130,245 68 42 85 00 11 $979,387 06 5,228,712 47 134 National Banks. Total in all offices 17,636,645 46 2.—Eepforts. There were received for examination, certification, and return to the Bureaus from which they Avere sent, 73,715 reports of 1,666 Disbnr.sing Officers, as follows: Officers of the United States Army: Quartermasters Commissaries Recruiting Officers Paymasters Corps of Engineers Ordnance Corps Ad,iutant-Generars Surgeon-General's '. Signal Corps : > Superintendent United States Military Academy 424 303 ' \ . 79 '.. 54 47 29 15 6" 1 1 959 Officers of the United States NaA^y: Pay Inspectors Pay Directors Paymasters Assistant Paymasters Past-Assi stant Paymasters ^ CiA'il Officers: - .... 10 10 16 5 3 44 . * Collectors of Internal ReA^enne, Disbursing Agents Collectors of Customs, Disbursing Agents Suiweyors of Cnstoms, Disbursing Agents...'. • India.n Agents,- Disbursing Agents United States Marshals, Disbursing Agents Officers of the Light-House Board, Disbnrsin g Agents Commissioner of Northern Bonndaiy SurA'cy, Disbursing Agent ReA^enue Marine Officer, Disbursing Agent Other Disbursing Clerks and Agents • • ^-.' - 364 ^72 11 70 61 64 1 1 19 663 Total., 1,666 IV.—TRANSFERS OF FUNDS. To facilitate payments at points where the moneys were needed for disbursement, transfer -letters, transfer orders, and bills of excbange Avere issned as follows: 1,910 Letters onNational Banks ..-: ....'... $37, 301,004'76 220 Transfer orders on National Banks ....-..-,.. 3,435, 000 00 40 Bills of Exchange on Collectors of Custoins 200, 000 00 737 Transfer Orders on Treasurers, Assistant Treasmers, and Depositaries 149,849,011 76 2,907 Transfers, amountingto Of which amount there was in coin And in currency ' '. 190,785,016.52 35, 589,004 76 155,196, Oil 46 308 R E P O t l T ON T H E FINANCES. v.—UNAVAILABLE FUNDS JUNE 30, 1873. Cuxrency: First National Bank, Selma, Ala Venango National Bank, Franklin, Pa ' $59,978 07 217,391 38 Total witb National Banks Deficit at New Oiieans, (Whitaker's) Deficit at Santa F6, (Collins's) $277,369 45 675, 325 22 30,058 83 Total with Assistant Treasurers and Depositaries. ..'. 705,384 05 Total Currency...*. . Coin: Balances at tbe outbreak of the rebellion: . United States Mint, Charlotte, N . C ' United States Branch Mint, Dahlonega, Ga United States Depositaiy, Galveston, Tex 982 753 50 $32,000 00 27,950 03 778 66 Totai Coin " Total unaA-ailable : 60,728 69 - - . . . 1,043,482 19 V I . — N A T I O N A L BANK D E P O S I T A R I E S . The business transactions between the Treasury and National Banks as depositaries were as folio AVS : • Balances bronght from last year's account $7,777, 873 00 Receipts during the fiscal year 104,872, 605 87 Receipts on acconnt of transfers , 6, 023, 387 50 Receipts for fractional cuiTency 2, 868,833 79 • Total.. - : 121,542,700 16 Payments dnring the year Balance due the United States June 30, 1873 Total .-..-.. 1 , 114,031,779 60 7, 510,920 56 121,542,700 16 Payments through Expresses at GoA'^ernment expense Payments Avithout exj)ense to the Government 3,435,000 00 110, 596,779 60 Total,....: 114,031,779 60 V T I . — O U T S T A J S ^ D I N G LIABILITIES. Amount coA^ered into the Treasnry J n n e 30, 1872 And ill the fiscal year : Total $263, 950 11 ^ 107,267 41 ...*. 371,217 52 Tbere had been jpaid to parties entitled to receiA^e tbe same, Jime 30, 1872... .^. $38,633 a5 Paid during the fiscal year ....^. 26,393 18 65,026 23 306,191 29 Unclaimed balance remaining in the Treasury • Total 371,217 52 VIII.—CONSCIENCE FUND. Amount received from various persons from December Ij 1863, to Jnne 30, 1872 : .: • $129,144 77 And in the fiscal year 25, 551 21 Total amount receiA^ed since NoA^ember 30, 1863 154,695 98 TREASURER. 309 I X . — O P E N ACCOUNTS. With With With With With With Treasurer Assistant Treasurers Designated Depositaries United States Mints General Treasnry of the United States National Bank Depositaries .' , .' ' \ 1 10 6 8 1 159 B.—POST-OFFICE DEPARTMENT. I . — R E C E I P T S AND E X P E N D I T U R E S . The receipts and exxDenditures for and on account of the Post-Office DeiDartment were as f OUOAVS : Cashj Dr. . ^ Balance fi'om. June 30, 1872 , $1,112,3,20 80 ReceiA'ed by Treasurer United States, Washington . ..j. $57,468 63 Received by Assistant Treasurer,. NCAA^ York 6,794, 029 95 ReceiA^ed by Assistant Treasurer, Boston 550,955 33 ReceiA'ed by Assistant Treasurer, Philadelphia 487,178 30 Received by Assistant Treasurer, Saint Louis 173, 949 12 ReceiA^ed by Assistant Treasurer, Charleston 47,536 30 Received by Assistant Treasui'er, NCAV Oiieans :. 105,468 28 ReceiA^ed by Assistant Treasurer, San Francisco 254,750 16 . ReceiA'ed by Assistant Treasurer, Baltimore 124,283 28 ReceiA^ed by Assistant Treasurer, Chicago 134 40 Received by Depositary United States, Buffalo 468 93 ReceiA^ed by Depositary United States, LouisAille r.-.... 515 00 ReceiA^ed by Depositary United States, Mobile 29,752 81 ReceiA^^ed by Depositary United States, Pittsburgh 3,483 89 ^ ReceiA^ed by Atlanta National Bank, Ga 200 00 Received by First National Bank, Dubuque, Iowa 415 91 Received by First National Bank, Galveston, Tex 426 96 ReceiA^ed by First National Bank, LeaveuAvorth, Kans 578.55 Received by First National Bank, Portland, Oreg 75 00 Received by First National Bank, Springfield, 111 132 18 . Received by Second National Bank, Detroit, Mich 3,527 13 Received by Second National Bank, LeaveiiAvorth, Ka<n-.. 156 70 ReceiA'-ed by Second National Bank, New Haven, Conn . . . 500 00 Received by First National Bank, Richmond, Ya 157 99 ReceiA'-ed by First National Bank, Memphis, Tenn 3,234 54 Received by First National Bank, NCAV Albany, Ind 177 00 ReceiA^ejd by First National Bank, Trenton, N. J 78 17 ReceiA^ed by LynchbuTgh National Bank, Va 103 50 ReceiA^ed by Ea'st Tennessee National Bank, Knoxville... 114 44 ReceiA^ed b y Indianapolis National Banlv, Ind 650 04 ReceiA^ed by Merchants' National Bank, Little Rock, Ark. 551 33 ReceiA^ed by Merchants' National Bank, CleA^eland, Ohio.. 1, 017 99 Received by Merchants' National Bank, SaA^annah, Ga 32,931 28 ReceiA^ed by Raleigh, National Bank, North Carolina . 2,140 50 ReceiA^ed by San Antonio National Bank, Texas 548 69 Received by The National Bank of Lawrence, Kans 55 59 : Total receipts dnring the year .\ To which add amonnt of drafts drawn in former years, canceled this yeai? Add also drafts canceled, and amounts carried to the credit of the payees on the books of the Auditor for the PostOffice Department: Drafts dated previous to the rebellion Drafts dated since the rebeUion • : %, 8,677,747 87 120 90 107,339 55 8,725 76 116,186 21 Total 9,906,254 88 310 REPORT ON T H E FINANCES. Cash, Cr. WiJrrants Avere issued on A^arious offices for the payment of the exx)enses of Postal affairs, as follows: . On On On • On On On On On On Treasurer United States, Washington Assistant Treasurer, NCAV York Assistant Treasurer, Philadelphia Assistant Treasurer, Boston 1 Assistant Treasui'er, Charleston Assistant Treasurer, Saint Louis , A ssistant Treasurer, NCAV Oiieans Assistant Treasurer, San Francisco Assistant Treasurer, Baltimore $540,009^ 08 5,660,764 87 573,465 01 w • 607,984 22 271, 847 39 967,809 15 492,092 28 309, 939 43 285, 800 42 -. Total amount of warrants drawn. 9,709,711 85 Add amonnt of Avarrants hitherto reported as canceled, but UOAV charged back by direction of the Auditor for the Post-Office. Department 329 11 Balance due tbe Post-Office Department J u n e 30, 1873 196,213 92 Total..: 9,906,254 88 II.—APPROPRIATIONS FROM TREASURY FOR POST-OFFICE DEP^y^TMENT. Moneys included in the foregoing statement of receixits Avere drawn from the Gen ral Treasury on account of. the Post-Office Dexiartment under ax^x^rox^riations made by Congress, as folloAvs: To supx3 ly deficiencies in tbe revenues of the Post-Office Department, Acts Marcb 3, 1871, and June 1, 1872: Jnly 6, 1872, paid part Treasury Avarrant No. 927 $268, 750 October 8, 1872, paid part Treasui'y Avarrant No. 1501 1, 046, 725 Jannary 4, 1873, paid part Treasnry Avarrant No. 18 . . . 1, 018, 750 Aprft. 5, 1873, paid part Treasury Avarrant No. 538 1,200, 000 , $3, 534, 225 For Mail-Steamsbix^ seiwice between San Francisco, Japan, and China: Julv 6, 1872, paid part Treasury warrant No. 927 October 8,1872, paid part Treasury Avarrant No. 1501 Jannary 4,1873, paid part Treasury Avarrant No. 18 April 5,1873, paid part Treasnry Avarrant No. 538 ; For Mail-Steamship service between San Francisco and the SandAAich Islands: October 8,1872, paid part Treasury warrant No. 1501 . . . . . . January 4,1873, paid part Treasury Avarrant No. 18 April 5,1873, paid part Treasnry warrant No. 538 125, 000 125, 000 125,000 125, 000 • 500, 000 18,750 18,750 18,750 56,250 For Mail-Steamshix) seiwice between the United States and Brazil: July 6,1872, paid part Treasury Avarrant No. 927 October 8,1872, paid part Treasury Avarrant No. 1501 JaniKiry 4,1873, paid x^art Treasnry AA^arrant No. 18 April 5, 1873, paid -pant Treasnry Avarrant No. 538 37,500 , 37,500 37,500 37, 500 150,000 For free mail-matter under Acts March 3,1847, and March 3,1851: July 6,1872, paid part Treasury warrant No. 927 Total amount receiA^ed from the Government 350,000 4, 590, 475 I I I . — R E C E I P T S AND PAYMENTS BY POSTMASTERS. Moneys received by Postmasters on account of postage on letters, newsx^apers, x^amx^hlets, registered letters, emoluments, &c., disbursed by the Post-Office DexDartment with TREASURER. ^ 311 out beiug paid into the Treasuiy, but afterward carried into and out of the Treasnry by Avarrant, Avere as fOUOAVS : For For For For quarter qnarter qnarter quarter ending ending ending ending Sexitember 30,1872 December 31,1872 March 31,1873 June 30, 1873 : .....:. $4,506,835 4,723,512 4,789,427 4,730,494 , Total 62 12 18 34 . . . . . 18,750,269 26 I V . — T O T ^ i L R E C E I P T S A N D E X P E N D I T U R E S ON A C C O U N T O F T H E P O S T - O F F I C E D E P A R T MENT. Cash, Dr. Balance from last year !..-. $1,112,320 80 From Postmasters and others $4,087,272 8.7 From Treasury, on AA^arrants to supply deficiencies 3, 534,225 00 °Fi'om Treasury, on Avarrants for subsidies to steamsbix^s. 706,250 00 From Treasury, on Avarrants for free mail-matter 350,000 00 From cancellation of drafts 116,186 21 8,793,934 08 FromPostmasters, by w a r r a n t . . „ 18,750,269 26 Total 28,656,524 14 Cash, Cr. . .^ By 8,005 Post-Office warrants drawn 9,709,711 85 By Amount of warrants for xDayments by Postmasters 18,750,269 26 By Warrants charged back by direction of the Auditor for ^the PostOffice Department 329 11 By Balance, cash on hand Jnne 30,1873 ...., 196,213 92 Total... 28,656,524 14 C—NATIONAL BANKS. I . — N U M B E R O F NATIONiiX B A N K S . On the 30tb June, 1872, the numberof NationalBanks organized iand which had dexiosited securities for their cii'culation, was 2,007 Number of banks organized in fiscal year 108 Number of National Banks to J u n e 30, 1873 The number of National Banks doing business June 30, 1873, was Number failed x:>rior to Jnly 1,1872 \ Failed in fiscal year HaAing IIQ circnlation, securities withdraAvn Number in voluntary liquidation and closed 2,115 1,980 22 ' 4 .:. 12 97 •.: Total number of banks organized 2,115 II.—NEAV N A T I O N A L B A N K S . For the fiscal year ended June 30, 1873. The The The The The The The The The The National Bank of Lyons, Mich. Fit dC National Bank of Americus, Ga. Ashland National Bank of Ashland, Ky. First National Bank of Kansas, 111. First National Bank of Belle Plains, Iowa. First National Bank, of Carthage, Mo. National Gold Bank of D. 0. Mills & Co., Sacramento, Cal. Fayette County National Bank of West TJnion, loAva. Home National Bank of Elgin, 111. First National Bank of Muii", Mich. • . 312 R E P O R T ON T H E FINANCES. The National Bank of Sxiring City, Pa. The Springfield National Bank of Sp.ringfield, Tenn. The Merchants' National Bank of Saint Paul, Miiin. The Kane County National Bank of Saint Charles, 111. The Farmington National Bank of Farmington, N.. H. The National Bank of Marshall, Mich. The Second National Bank of New Mexico, at Santa F<^. The Merchants' National Bank of Middletown, Ohio. The Second National Bank of Jefferson, Ohio. . The First National Bank of Bozeman, Mont. The First National Banls: of Clarinda, loAva. The Merchants and Planters' National Bank of Montgomery, Ala. The FiL-st National Bank of Fergus Falls, Minn. The Ashtabula National Bank of Ashtabula, Ohio. The Louisa County National Bank of Columbus Junction, Iowa. The Brighton National Bank of Brighton, loAva. The First National Bank of Garrett ville, Ohio. Tlie r.ir8t National Bank of Lima, Ohio. The Vinton County National Bank of McArthur, Ohio. The First National Bank of Green Sxirings, Ohio. » The Second National Bank of Washington, D. C. The Citizens' National Bank of Hillsborough, Ohio. The Mannfactui'ers' National Bank of NCAV ark, N. J. The First National Bank of Alliance, Oliio. The First National Bank of CarliuAiUe, 111. The Washington National Bank, of Washington, Ind. :-^ The Bank of Charleston National Banking Association, Charleston, S. C. The German National Bank of NcAvark, I^. J. The Fh'st National Bank of Buchanan, Mich. The Central National Bank of Chicago, IU. The Home National Bank of Chicago, 111. The East Tennessee National Bank of KnoxAille, Tenn. The Lehigh Valley National Bank of Bethlehem, Pa. The First National Bank of Boone, Iowa. The Malta National Bank of Malta, Ohio. The First National Bank of Medina, Ohio. The Fixst National Bank of GreeuAille, Mich. The National Exchange Bank of Jefferson City, Mo. The First National Bank of NCAA^ Lexington, Ohio. The First National Bank of Lebanon, lud. The Crooker National Baiik of Turner's Falls, Mass. The Deseret National Bank of Salt Lake City, Utah. The Merchants and Planters' National Bank of Union, S. C. The Third National Bank of Sandusky, Ohio. The German National Bank of Louisville, Ky. The' Pella National Bank of Pella, loAva. The State National Bank of Atlanta, Ga. The National Bank of Birmingham, Ala. The Gibson County National Bank of Princeton, Ind. The City National Bank of Goshen, Ind. The First National Bank of Yankton, Dak. The First National .Bank of Eau Claire, AVis. The American-German National Bank of Paducah, Ky.. The Third. National Bank of Urbana, Ohio. The National Bank of Anderson, S. C. The First National Bank of Northfield, Minn. The Citizens' National Bank of the City of Yonkers, N. Y. The City National Bank of Griffin, Ga. The National Union Bank of Dover, N. J. The First National Gold Bank of Stockton, Cal. The Fii'st Naitional Bank of Conshohocken, Pa. The First National Bank of Baraboo, Wis. The Monticello National Bank of Monticello, Iowa. The Lumberman's National Bank of Muskegon, Mich. The Atchison National Bank of Atchison, Kans. The North Ward National Bank of NeAvai'k, N. J . The First National Bank of Ishpeming, Mich. The First National Bank of Negaunee, Mich. The Hibernia National Bank of NCAA^ Orleans, La. The Winnsboro' National Bank of Winnsbo.ro', S. C. TREASURER. The Union National Bank of Rochester, Minn. The Veazie National Bank of Bangor, Me. The Richmond National Ba,nk of Richmond, Ind. GThe Phosnix National Bank of Medina, Ohio. The National Exchange Bank of Houston, Texas. The City National Bank of Paducah, Ky. The First National Bank of Manhattan, Kans. The First National Bank of Centreville, Mich. The Fourth National Bank of Memphis, Tenn. The Lime Rock National Bank of Rockland, Me. The Lagonda National Bank of Sxiringfield, Ohio. The First National Bank of Denison, Tex. The Edgar County National Bank of Paris, 111. The First National Bank of Micbigan City, Ind. The Noble County National Bank of CaldAveU, Ohio. The Central National Bank of Boston, Mass. The First National Gold Bank of Santa Barbara, CaL The PeoxDle's National Bank of Helena, Mont. The Missoula National Bank of Missoula, Mont. The Natick'National Bank of Natick, Mass. The Union Market National Bank of Watertown, Mass. The National Bank of Barre, Vt. . The Wyoming Natioiial Bank of Lara.mie City, Wyo. The Manufacturers' National Bank of Boston, Mass. The First Ward National Bank of Boston, Mass. The First National Bank of Ashburnham, Mass. The First National Bank of Fayetteville, Tenn. The Farmers' National Bank of Marshalltown, Iowa. 313 • ^ III.—NATIONAL BANKS THAT HAVE FAILED. l.--Before July 1, 1873 The First National Bank of Attica, N. Y., in 1865. The Merchants' National Bank of Washington, D. C , in 1866. The Venango National Bank of Franklin, Pa., in 1866. The First National Bank of Medina, N. Y., in 1867. , The First National Bank of Newton, NcAvtonville, Mass., in 1867.* The Tennessee National Bank of MemxDhis, Tenn., in 1867. The First National Bank of NCAV Oiieans, La., in 1867. The First National Bank of Selma, Ala., in 1867. The National UnadiUa Bank of Unadilla, N. Y., in 1868. * The Farmers' and Citizens' National Bank of Brooklyn, N. Y., in 1868. The Croton National Bank of the City of NCAV York, in 1868. The First National Bank of Bethel, Conn., in 1868. The First National Bank, of Keokuk, Iowa, in 1868. The National Bank of Vicksburg, Miss:, in 1868. The First National Bank of Rockford, 111., in 1869. The First National Bank of NcA^ada, Austin, NeA^., in 1869. The Fourth National Bank of Philadelphia, Pa., in 1871. The Eighth National Bank of the City of NCAV York, 1871. The Ocean National Bank of the City of NCAV York, in 1871. The Union Square National Bank of the City of New York, in 1871. The Waverly National Bank of Waverly, N. Y., in 1872. The First National Bank of Fort Smith, Ark., in 1872. 2.—In the fiscalyear. The Walikill National Bank of MiddletoAvn, N. Y., in 1873. The ScandinaAian National Bank of Chicago, 111., in 1873^ . The Crescent City National Bank of NCAV Orleans, La., in 1873. The Atlantic National Bank of the City of New York, in 1873, ^ Wbole number failed, 26. " *The National Security Bank of Boston, Mass., has assumed the circulation of this bank. 314 REPORT ON T H E FINANCES. IV.—NATIONAL BANKS I N VOLUNTARY LIQUIDATION. 1.—Before July 1, 1872. The National Farmers and Mechanics' Bank of Albany, N. Y; The Ax3pleton National Bank of Appleton,. Wis. The First National Bank of Berlin,, Wis. The Fii'vst National Bank of Bluffton, Ind. The First National Bank of Carondelet, Mo. The First National Bank of Cedarburg, Wis. The Central National Bank of Cincinnati, Ohio. The Commercial National Bank of Cincinnati, Ohio. The Ohio National Bank of Cincinnati, Obio. The First National Bank of Cuyahoga FaUs, Ohio. The First National Bank'of ClarksAille, Va. The First National Bank of Columbia, Mo: ^ The First National Bank of Dayton, Ohio. The First National Bank of Decatur, 111. The First National Bank of Des Moines, Iowa. The Second National Bank of Des Moines, Iowa. The National Insurance Bank of Detroit, Mich. The National State Bank of Dubuque, loAva. The National Bank of Chemung, Elmira, N. Y. The Chemung Canal National Bank of Elmira, N. Y. The Fort Madison National Bank of Fort Madison, loAva. The First National Bank of Fenton, Mich. The First National Bank of Frostburg, Md. The First National Bank of HalloAvell, Me. The Fourth National Bank of Indianapolis, Ind. The First National Bank of Jackson, Miss. The First National Bank of La SaUe, 111. The National Bank of Lansingburg, N. Y. The National Excbange Bank of Lansingbui^g, N. Y. The First National Bank of Lebanon, Ohio. The First National Bank of Marion, Ohio. The National Bank of Maysville, Ky. The Merchants' National Bank of MilAvaukee, Wis. The First National Bank of NCAV Ulm, Minn. The Grocers' National Bank of the City of NCAV York. The Pacific National Bank of the City of NCAV York. The National Bank of North. America of the City of NCAV York. The Commercial National Bank of Oshkosh, Wis. The First National Bank df Oskaloosa, loAva. The National Union Bank of OAvego, N. Y. The National Exchange Bank of Richmond, Va. The Farmers' Nationfu Bank of Richmond, Va. The National Union Bank of Rochester, N. Y. The Fonrth National Bank of Syracuse, N. Y, The SaA^annah National Bank of SaA'-anna.b, Ga. The Miners' National Bank of Salt Lake City, Utah. The First National Bank of South Worcester, N. Y. The First National Bank of Skaneateles, N. Y. The First National Bank of Saint Louis, Mo.; The State National Bank of Saint Josepb, Mo. The Merchants and Mechanics' National Bank of Troy, N. Y. The First National Bank of Vinton, loAva. The Farmers' National Bank of Waukesha, Wis. The Saratoga County National Bank of Waterford, N. Y. The First National Bank of AVellsburg, West A^a. The United National Bank of Winona, Minn. The National Savings Bank of AVbeeliug, West A^a. The National Bank of WhitestoAvn, N. Y. The Muskingum National Bank of ZanesAille, Ohio. Whole number in liquidation before July 1, 1872, 59. 2.—In thefisoal year. The National Bank of Couamerce of Georgetown, D. C. The First National Banlv of Danvillej Va. The First National Bank of Rochester, N. Y. 315 TEEASUEEE. The Clarke National JBank of Rochester, N. Y. The Merchants and Farmers' National Bank of Quincy, 111. The Laurenceburg National Bank of Laurenceburgh, Ind. The First National Bank of Knoxville, Tenn. The National Bank of the Metropolis, AVashington, D. C. The First National Bank of Goshen, Ind. The Atlantic National Bank of Brooklyn, N. Y. The Second National Bank of Zanesville, Ohio. The Second National Bank of Sj^racnse, N. Y. The Mechanics' National Bank of Syracuse, N. Y. The Montana National Bank of Helena, Mont. Number in fiscal year Number before July 1, 1872 14 59 AVhole number in liquidation to July 1, 1873 73 v . — R E D E M P T I O N O F C I R C U L A T I N G N O T E S OF N A T I O N A L B A N K S , F A I L E D AND I N L I Q U I DATION. • ftij CD Name of Bank. CO © OQ •g.2 o ^^ National Mechanics' and Farmers' Bank, Albany, N. Y Ax)xdeton National Bank, Appleton, AVis. First National Bank, Attica, N. Y First National Bank of NcA^ada, Austin Nev First National Bank, Berlin, Wis First National Bank, Bethel, Conn First National Bank, Bluffton, Ind Farmers and Citizens' National Bank, Brooklyn, N. Y Atlantic National Bank, Brooklyn, N. Y.. First National Bank, Carondelet, Mo First National Bank, Cedarburg, Wis Central National Bank, Cinciunati, Ohio. Commercial National Bank, Cincinnati, Ohio -. Ohio National Bank, Cincinnati, Ohio... First National Bank, Cuyaboga Falls Ohio : First National Bank, ClarksAille, Va First National Bank, Columbia, Mo ScandinaAian National Bank, Chicago 111 First National Bank, Dayton, Ohio First National Bank, Decatur, 111 First National Bank, Des Moines, Iowa . Second National Bank, Des Moines, loAva, National Insurance Bank, Detroit, Mich. National State Bank, Dubuque, loAva First National Bank, Danville, Va National Bank of Chemung, Elmka, N. Y. Chemung Canal National Bank, Elmira, N.Y ....: ^. First National Bank, Fenton, Mich Venango National Bank, Franklin, P a . . . First National Bank, Frostburg, M d . . . . . Fort Madison National Bank, Fort Madi-| son, Iowa First National Bank, Fort Smith, Ark. ,197 75 35,283 85 42,406 50 $28,102 50 5,800 00 500 00 $242, 300 25 41,083 85 42,906 50 101,721 50 30,575 80 23,339 50 32,446 25 15,11^ 00 6,210 00 2,000 00 5,000 00 116,836 50 36,785 80 25,339 50 37,446 25 239,163 25 24,348 75 56,497 00 142,000 00 . 7,187 00 89,505 00500 00 • 8,.500 00 120,115 00 246,350 25 89,505 00 24, 848 75 64, 997 00 262,115 00 285,455 00 192,000 00 34,000 00 148,240 00 319,' 455 00 340,240 00 16,804 75 10,000 00 10,425 00 11,500 00 11,155 00 1, 000 00 28,304 75 21,155 00 11,425 00 104,688 05 69,674 30 64,551 25 31,147 00 58,513 75 69,518 75 75,093 25 72,700 00 15,793 00 8, 900 00 15,002 50 5,500 00 11,000 00 27,425 00 24,500 00 9,505 00 72,700 00 120,481 05 78,574 30 79,553 75 36, 647 00 69,513 75 96,943 75 24,500 00 84,598 25 67,582 00 35,523 25 82,628 50 32,822 75 10,957 00 9, 500 00 500 00 3,500 00 78,539 00 45,023 25 . 83,128 50 36,322 75 7,500 00 3,500 00 44,000 00 32,005 00 51,500 00 35,505 GO 316 R E P O R T ON T H E FINANCES. V.—REDEMPTION OF CIRCULATING NOTES, ETC.—Continued. <23 on T i TH Name of Bank. (i) Cy CJ jH r^ •g-S o P^ National Bank of Commerce, Georgetown, D.C First National Bank, Goshen, Ind Montana National Bank, Helena, Mont.. First National Bank, HalloAvell, Me Fourth National Bank, Indianapolis, I n d . First National Bank, Jackson, Miss First National Bank, Keokuk,' Iowa First National Bank, Knoxville, T e n n . . . National Bank of Lansingbnrg.h, N. Y . . . National Exchange Bank, Lansihgbuigli, N.Y First National Bank, Lebanon, Obio First National Bank( La Salle, 111 ... Lanrencebuxgh National Bank, Laurenceburgh, Ind First National Bank, Marion, Ohio National Bank of MaysAille, ICy First National Bank, Medina, N. Y Tennessee National Bank, Memxihis, Tenn. Merchants' National Bank, MilAvaukee, AVis.AVallkill National Bank, Middletown, N. Y. First National Bank, NCAV Oiieans, La. .. Crescent City National Bank, New Orleans, La First National Bank, New Ulm, M i n n . . . Croton National Bank, New York, N. Y . . Eighth National Bank, NCAV York, N. Y . . Grocers'National Bank, NcAA^ York, N. Y . . Ocean National Bank, New A^'ork, N. Y . . Pacific National Bank,.New York, N. Y . . Union Square National Bank, New York, NY. National Bank of North America, New York, N . Y Atlantic National Bank, NCAV York, N. Y. First National Bank, Oskaloosa, loAva... National Union Bank, OAvego, N. Y . . . . . . Commercial National Bank, Oshkosh, AVis. Fourth National Bank, Philadelphia, P a . Merchants' and Farmers' National Bank, . Quincy, 111 National Exchange Bank, Richmond, A^a. Farmers' National Bank, Richmond, V a . . First National Bank, Rockford, 111 First National Bank, Rochester, N. Y . . . . Clarke National Bank, Rochester, N. Y .. National Union Bank, Rochester, N. Y . . SaA^annah National Bank, SaA^annah, Ga. Miners' Natioual Baaik, Salt Lake, Utah. First National Baaik, Selma, Ala First National Bank, South AVorcester, • N. Y . . . . . . . - ' t . . . . - ' .' F.iTst National Bank, Skaneateles, N. Y. First National Bank, Saint Louis, M o . . . State National Bank, Saint Joseph, Mo . Second National Bank, Syracuse, N. Y . . Fourth National Bank, Syracuse, N. Y . . $50,505 00 49,400 00 $39, 690 75 33,500 00 31,515 00 86,149 0097, 012 -85 63,454 30 67,023 75 83,076 73,800 38,306 84,698 85 00 75 75 36,500 00 'i69,"5i6'56 5,953 29,300 4,500 2,000 41,700 15,679 00 00 00 00 00 00 45,643 75 62, SQO 00 36,015 00 88,149 00 41,700 00 112,691 85 12, 903 50 8,500 00 26,500 00 76, 357 80 75,523 75 26,500 00 111,400 13,341 139,500 500 3,180 00 50 00 00 00 36,502 50 57,900 00 4, 665 00 14,000 00 17.2,731 75 126,400 00 28,271 00 451,500 00 98, 542 25 148,000 00 18,710 00 3,659 00 78,399 00 5, 305 00 233,035 00 19,820 00 26,500 00 15,847 00 203,039 65 51,449 3,600 10,000 95,000 85 00 00 00 64,500- 00 31,533 25 39,983 00 184,518 25 68,325 25 28,300 00 80,816 75 124,838 103,995 142,691 61,158 75 20 05 20 11,000 00 $50,505- 00 49, 400 .00 111,400 96,418 213,300 38,806 87,878 00 35 00 75 75 73,002 50 57,900 00 174,175 50 148, 000 32,710 176,390 204,799 33,576 684,535 118,362 00 00 75 00 00 00 25 42,347 00 00 00 00 50 00 00 235,560 65 26,300 00 58,127 85 28,306 50 73,015 00 151, 005 00 92,000 00 81,705 00 29,550 00 3, 000 ,00 151, 602 50 113,910 00 22,590 00 8, 930 00 41,432 00 2,000 00 92,000 00 146,205 00 61,083 25 42,983 00 151, 602 50 113,910 00 171,108 25 7.7,255 25 69,732 00 82,816 75 32,521 26,300 6,678 24,706 63,0J5 56,005 16,002 13,177 18,298 16,307 35,000 62,435 50 00 00 50 00 00 140,841 117,172 160,989 77,465 35,000 73,435 25 20 05 70 00 00 317 TEEASUEEE. v . — R E D E M P T I O N OF CIRCULATING NOTES, ETC.—Continued. p ^ CO n s CO Name of Bank. t O 4^ ^' Mechanics' National Bank, Syracuse, N. Y . . . Merchants' and Mechanics" Bank, Troy, N.Y National Unadilla Bank, Unadilla, N. Y National Bank at A^icksburg, Miss - - . . ° . . First National Bank, Vinton, Iowa Merchants' National Bank, AVasliington, D.C National Bank of t h e Metropolis, AVashington, D . C Farmers' National Bank, AA^aukesha, AVis . AVaverly National Bank, \A^aveiiy, N. A^. . Saratoga Countj^ NationalBank, AVaterford, N. Y First National Bank, AVellsburg, AV..Va.-. United National Bank, AVenona, M i n n . . . National SaAings Bank, AA^heeling, AV. Va. National Bank at \A''hitestOAvn, N. Y. . . . Second National Bank, ZanesAille, Ohio Muskingum National Bank, Zanesville, Ohio - - - - Total. VI.—DEPOSITS $31, 000 00 $31,000 00 $139,622 20 94,519 50 21,208 75 32,523 75 18,819 00 2,995 00 2,900 00 5,500 00 158,441 20 97,514 50 24,108 75 38,023 75 171,334 00 3,570 00 174, 904. 00 • 61,500 00 5,000 00 44,665 00 61,500 00 86,820 25 53,965 00 88,322 55 37,503 00 19,OOQ 00 28,000 00 34,163 25 24,752 50 38,265 00 18,375 00 28,500 00 6, 350 00 68,500 00 113,075 05 75,768 00 37,375 00 56,500 00 40,513 25 68, 500 00 28, 000 00 42,000 00 81,820' 25 9,300 00 6, 035,657 70 3,241,778 00 MADE O P^ 70,000 00 9, 277,435 70 A N D BALAJNCES REM2VINING T O C R E D I T O F NATIONAL BANKS FAILED AND IN LIQUIDATION. Name of Bank. National Mechanics and Farmers' Bank, Albany, N. Y . Aunleton National Bank Annleton. AVis •. First National Bank, Attica N. Y . First National Bank of NeA^'ada, Austin, NCA'^ First National Bank Berlin AVis First National Bank, Bethel, Conn : First National Bank, Bluftton, Ind Farmers and Citizens' National Bank, Brooklyn, N. Y . Atlantic National Bank, Brooklyn, N. Y First National Bank, Carondelet, Mo c First National Bank. Cedarburo" AA^is . . . Central National Bank, Cincinnati,.Ohio Commercial National Bank, Cincinnati, Ohio .... Ohio National Bank, Cincinnati, Ohio .• . First National Bank, Cnyaho2;a Falls, Ohio First Nati onal Bank, ClarksA^'ille, Va First Natioual Bank, Columbia, Mo ScandinaAian National Bank, Chicago, 111 First National Bank, Dayton, Ohio First National Bank, Decatur, 111 Fii;st National Bank, Des Moines, loAva Second National Bank, Des Moines, loAva National Insurance Bank, Detroit Mich . National State Bank, Dubuque, loAN'^a First National Bank, Danville, Va Deposits to redeem notes. $266,540 45,000 44,000 129,700 40,077 26,300 ,41,230 253,900 154,000 25,500 72,000 319,870 345,950 404,900 32, 400 27,000 11,990 135,000 132,100 ^ 85,250 89,300 40,300 75,500 I12,600 35,000 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00 00^ 00 00 00 00 Balance remaining. $24,239 75 3,916 15 1,093 50 12,863 50 3 291 20 960 50 3,783 75 7,549 75 64,495 00 651 25 7 OO.'^ 00 57,755 00 26,495 00 64,660 00 4,095 25 5,845 00 565 00 62, 300 00 11,618 95 6,675 70 9,746 25 3 653 00 5,986 25 15,656 25 10,500 00 318 REPORT ON T H E FINANCES. VI.—DEPOSITS MINJDE AN^D BALiVNCES REMAINING, ETC.—Continued. Name of Bank. National' Bank of Chemung, Elmira, N. Y Chemung Canal National .Bank, Elmira, N. Y First National Bank, Fenton, Mich A^enango National Bank, Franklin; P a First National Bank, Frostburg, Md Fort Madison National Bank, Fort Madison, loAva . . . First National Bank, Forfc Smith, Ark National Bank of Commerce, GeorgetoAAni, D. C First National Bank, Goshen, Ind '. Montan a National Bank, lielena, Mont 2 First National Bank, HalloAA-^CU, Me irourth National .Bank, Indianapolis, Ind First National Bank, Jackson, Miss First National .Bank, Keokuk, loAA'a First National Bank, KnoxAille, Tenn National Bank of Lansingburgh, N. Y National Exchange Bank, Lansingburgh, N. Y First National Bank, Lebanon, Ohio First National Bank, La Salle, 111 Laurenceburgh National Bank, Laurenceburgh, Ind . First National Bank, Marion, Ohio National Ba.nk of Maysville, Ky First National Bank, -Medina, N. Y Tennessee National Banli, Memphis, Tenn Merchants' National Bank, Mihvaukee, AA^is AVallkill National Bank, MiddletoAvn, N. Y First National Bank, NCAV Oiieans, La Crescent City National Bank, NCAA^ Orleans, L a First National Bank, NCAA^ Ulm, Minn Croton National Bank, NCAV York, N. Y ...Eighth National Bank, New York, N. Y ,, Grocers' National Bank, NCAY York, N. Y Ocean National Bank, New York, N. Y Paciiic National Bank, NCAV York, N. Y Union Square National Banlv, NCAV York, N. Y National Bank of North America, New Yorlc, N. Y . . . Atlantic National Bank, NCAV York, N. Y \ Fii'st National Bank, Oskaloosa, loAva : National Union Banlv, OAvego, N. Y Commercial National'Bank, Oshkosh, AA'is ' Fourth National Bank, Philadelphia, P a Merchants' and Farmers'National Bank, Quincy, 111. National Exchange Bank, Richmond, A^a Farmers' National Bank, Richmond, A^a First National Bank, Rockford, 111 First National Bank, Rochester, N. Y /Clarke National Bank, Rochester, N. Y National Unioii Bank, Rochester, N. Y SaA^annah National Bank, Savannah, Ga Miners' National Bank, Salt Lake, Utah : First National Bank, Selma, Ala First National Bank, South AA^orcester, N. Y First National Bank, Skaneateles, N. Y Fii'st National Bank, Saint Louis, Mo State National Bank, Saint Joseph, Mo Second National Bank,'Syi'acuse, N. Y Fourth National Bank, Syracuse, N. Y. Mechanics' National Bank, Syracuse, N. Y ... Merchants' and Mechanics' National Bank, Troy,N. Y, National Unadilla Bank, Unadilla N." Y ' NatioJial Bank of A^icksburg, Miss First National Bank, Vinton, loAva : Merchants' National Bank, A\^ashington, D . C Deposits to re deem notes. $90,000 00 86,500 00 49,500 00 85, 000 00 40,750 00 67,500 00 45,OdO 00 68,400 00 103,500 00 31,500 00 50,850 0075,100 00. 40,500 00 90,000 00 80,910 00 123, 000 00 85,692 00 • 85,000 00 33,200 00 179,500 00 105,833 00 270,000 00 40,000 00 90, 000' 00 90,000 00 118,900 00 180,000 00 193,437 50 42,200 00 180,000 00 243,393 00 39,440 00 800,000 00 130,275 00 . 50,000 00 267,200 00 27,363 75 63,745 00 .$82, 850 00 90,000 00 179,000 00 135, 000 00 . 172 120 00 76,500 00 45,000 00 206,100 00 153,900 00 189,950 00 85,000 00 90,000 00 85,000 00 152,900 00 128,415 00 179,990 00 86,187 00 90,000 00 91,700 00 93,800 00 170,850 00 100,000 00 25,500 00 41, 615 ^00 180,000 00 Balance remaining. $5,401 75 7 961 00 4 476 75 1 871 50 4 427 25 16 000 00 9 495 00 17 895 00 54 100 00 31 500 00 5 206 25 12 300 00 4 485 00 1 851 00 39 210 00 10 308 15 9 334 20 9 476 25 6 700 00 68 100 00 9 414 65 56 700 00 1 193 25 2 121 25 16 997 50 61 000 00 5 8.24 50 45 437 50 9 490 00 ' 3 609 25 38 594 00 5 864 00 115 465 00 11 912 75 7 653 00 31 639 35 1 063 75 5 6.17 15 $54 543 50 16 985 00 27 995 00 43 000 00 25 915 00 15 416.75 2 017 00 54 497 50 39 990 00 18 841 75 7 744 75 20 258 00 2 183 25 12 058 75 11 242 80 19 000 95 8 721 30 55 000 00 18 265 00 62 800 00 12 408 80 2 485 50 1 391 25 . 3 591 25 5 096 00 TREASURER. » 319 VI.—DEPOSITS MADE AND BALANCES REMAINING, ETC.—Continued. Balance remaining. Deposits to redeem notes. Name of Bank. 11,195,038 25 Total $55,400 3,179 17,035 13,924 13,732 6,750 11,200 3,986 69,640 16,200 $116,900 00 90,000 00 71,000 00 127,000 00 89,500 00 44,125 00 67,700 00 44,500.00 138,140 00 86,200 00 National Bank of the Metropolis, AVashington, D. C Farmers' National Bank. AVankesha. AVis AVaverlA^ National Bank. AVaverlv. N. Y .. . . 1. Saratoga County National Bank,.AVaterford, N. Y First National Bank. AVellsburg'. AVest Va ITnited National Bank AVenona. Minn National SaA'^ino's Bank AVheeliner. AVest Va National Bank of AVhitestoAvn, N. YSecond National Bank, ZanesAille, Ohio Muskingum National Bank, Zanesville, Ohio 00 75 00 95 00 00 00 75 00 00 1,917,602 55 VII.—SECURITIES HELD I N TRUST FOR NATIONAL BANKS. 1.—To assure the redeinption of circulating notes, June 30, 1873. Registered United States Bonds, 6 per cent., coin Registered United StatesBonds, 5 per cent., coin $146, 823,500 229,487,050 Registered United States Bonds, 6 per cent,, currency Amount, June 30, 1873 Amount received in fiscal year .• Amount Avithdravni in fiscal year Increase in fiscal year Amount held J u n e 30, 1872 Total 14,100,000 '. • 390,410,550 '' - -. - :..- 31, 916,400 21,946,550 9,969,850 380,440,700 390,410,520 2.—To assure puhlic Deposits with National Banlc Dexiositaries, June 30, 1873. Registered United States Bonds, 6 per cent., coin Registered United States Bonds, 5 per cent., coin Registered United States Bonds, 6 per cent., currency Coui)on United States Bonds, 6 per cent., coin Coupon United States Bonds, 5 per cent., coin. Personal Bonds $6, 352,900 6,713, 200 784,000 503, 400 856, 500 350,000 .- 15,560, 000 Amount withdrawn in fiscal year Amouiit received in fiscal year ^ i Decrease within fiscal year Total June30,1873 -•.... Amount held June 30, 1873 1,606, 000 1,407,000 199,000 15,560,000 15,759,000 3.—Eecapituiation. To. assure the redemption of circulating notes of National Banks To assure Public deposits with National Banks .' To assure subscriptions to the Funded Loan of 1881 Total securities .of National Banks at par $390,410, .550 15,560, 000 12,774, 350 418,744,900 320 REPORT ON T H E FINANCES. 4.—Depositaries. On the 30th June, 1872, the number of Banks, Depositaries, of the United States, Avas Number designated and re-instated in fiscal year 6 Number discontinued in fiscal year 11 — Number of Depositaries June 30,1873 163' 5 158 5..—Statement by Loans of United States honds held in trust for National Banlcs. Bonds. Rate of interest.' AVhen redeemable. Amount. REGISTERED. Title: Loan of 1858 . . ' Loan of February 1861, (1881s) .. Loan of July and August, 1861, (1881s.) 5-20s of 1862 :.. Loan of 1863, (1881s) 10-40s of 1864 5-20s of March, 1864 5-20s of 1865 '... Consols of 1865 Consols of 1867 Consols of 1868 Funded Loan of 1881 Pacific Raihvay July 1, 1862, and July 2, 1864. 5-20s of 1864 5 per cent., coin . After Jan. 1,1874 6 per cent., coin . Dec. 31, 1880 6 per cent., coin . Jime 30, 1881 . . . . $620 000 4,230, 000 59 997,400 6 per cent., coin . 6 per cent., coin . 5 per cent., coin . 6 per cent., coin . 6 x^cr cent., coin . 6 x^er cent., coin . 6 ^QT cent., coin . 6 per cent., coin 5 x^cr cent., coin . 6 per cent., cia^rency. 6 per cent., coin . April 30,1867..... 4, 543, 850 June 30, 1881 . . . . 32,667,000 Feb. 28, 1874. 109,268,550 October 31, 1869. 709,000 October 31, 1869. 10,627,700 July 1, 1870 8, 532,150 July 1, 1872 17,147, 650 July 1, 1873 • 3,987,000 M a y l , 1 8 8 1 . . . . . . 126, 311,700 January 1895-'98 14, 884, 000 October .31, 1869 10,734,650 6 x^er 6 x'xsr 6 ]}eT 6 x^cr 5 x^er 6 x^er 6 per 6 per 6 per July 1, 1881 Jnne 30, 1881 . . . . AxDiil 30, 1867.... June 30, 1881 Feb. 28, 1874 . . . . October 31, 1869 October 31, 1870 July 1, 1870 July 1, 1872 47, 900 37,500 12,500 200 000 856,500 78,000. 60,000 • 63,500 4, 000 350,000 COUPON. Title: Oregon AA^ar Debt Loan of July and August, 1 8 6 1 . . . 5-20sof 1862 Loan of 1863, (1881s) 10-40s of 1864 5-20s of June, 1864 5-20sofl865 . ... Consols of 1865 Consols of 1867 Personal bpnds held for public deposits. Total secui'ities cent., cent., cent., cent., cent., cent., cent., cent., cent., coin coin coin coin coin coin coin coin coin . . . . . . 405,970, 550 6.—Special deposits of bonds by National Banks designated hy the Department as Coin Depositaries for subscriptions to the Funded Loan of 1881. From February 14, 1873, to June 30, 1873, the First National Bank of AVashington, D. C , made deposits of United States bonds with the Department as security for siibscrix^tions to said loan, which Avere xilaced in custody of this office, namely : Number of deposits made 92 Number of Avithdrawals made 188 Largest amount on deposit. May 2, 1873 $14,277,450 On the 30th June, 1873, the amount on dex)osit Avas $12,774,350, all of which has since been AvithdraAvn. TREASURER. 321 7.—Eeceipts and withdrawals of United States bonds held for circulation: Loan. Received. Amount held for circulation July 1,1872. Loanof 1858 .Loan of Februaiy, 1861 Loan of July and August, 1861, (1881s)... .5-20s of 1882 Loanof 1863, (1881s).10-40sof 1864 •....: 5-20sof 1864 .5-20s of 1865 Consols of 1865 Consols.of 1867-..* Consols of 1868 : 5-20sof March, 1864 Pacific Railway Funded Loan of 1881 Amount on hand June 30, 1873 A¥itb drawn. $380, 440,700 254, 000 857,150 25, 000 890,700 880, 550 98,600 121, 000 428,250 242, 050 535, 000 10, 000 19, 574,100 412, 357,100 Total. . $20,000 124, 000 1, 389, 300 4,355, 950 480,500 3^ 148,150 5,933, 300 1,999,200 651,250 627, 700 321, 500 1,395,000 512,000 988,700 390,410, 550 412,357,100 8.—Eeceipts and withdrawals of United States honds held for Public deposits. Loaii. ReceiA^ed. Amonnt bonds on hand Julv 1.1872 Oregon AA^ai^ Debt Loan of February, 1861, (1881s) Loan of Jnly and Angust, 1861, (1881s) 5-20s of 1862 Loan of 1863, (1881s) 10-40s of 1864 5-20s of June, 1864 5-20s of 1865 Consols of 1865 Consols of 1867 Consols of 1868 Pacific Railway Funded Loan of 1881 Personal bond Amount held June 30, 1873 Total • $15,759, 000 31,900 2,000 43, 050 103,450 381,000 44, 000 95, 700 92, 900 78,500 • 514,500 20,000 ' $50,000 62, 500 102, 000 51, 000 522, 000 41,000 10,000 197, 000 360, 500 210,000 15,560,000 17,166,000 : AV^ithdrawn. 17,166, 000 9.—Coupon Interest. Payment of coin interest on conxoon bonds held in trust was made by tbe issue of 117 drafts, amounting to $107,987. 10.-^Examination of securities. The number of examinations of securities held in trust for National Banks, made under section 25 of the National Currency act, was 1,300. 21 F 322 REPORT ON T H E FINANCES. ' AT:II.—SEMI-ANNUAL DUTY. i.—Semi-annual Duty paid hy National Banlcs during the calendar year xireceding January 1, 1873,. wide)' section 41 of the National Currency act. For the term of six months x:)receding July 1, 1872: On circnlation Ondeposits On ca,xHtal-For the term of six inonths xireceding January 1, 1873: On cit'culation On deposits On capital Total duty for the y e a r . . - - $1,618,127 75 1,571,969 10 197,768 22 $3,387,865 07 ' 1,664,469 71" 1,572,870 35 221,115 53 3,458,455 59 - ' 6,846,320 66 2.—Comxmrison, of Duty for 1871 and 1872. Amount receiA^ed in the year x:>recedin.g Jannary 1, 1873 Amount receiA^ed in the yeai' preceding January 1, 1872 ' Increase of duty in last calendar year $6,846, 320 66 6,505,812 21 ..... 340,508 45 D.—UNITED STATES PAPER CURRENCY. I.—ISSUED, REDEEMED, AJS^D OUTST^VNDING TO JUNE 30, 1873, INCLUSIATH:. Old Deinand Notes. Denominations. Five Dollars . ^ Ten Dollars Twenty Dollars Total Issued. Redeemed, $21,800,000 00 20,030 00 18,200, 000 00 $21,769,037 50 20,001,115 00 18,179, 880 00 $30,962 50 28,885 00 20,120 00 60,030,000 00 . 59,950,032 50 79,967 50 Outstanding. Legal-Tendei' Notes, new issue. Denominations. One Dollar ....... Two Dollars Five Dollars Ten Dollars Twenty Dollars Fiity Dollars One Hundred Dollars.. Five Plundred Dollars. One Thousand Dollars. Total. Issued. $28,351, 348 00 $26, 449,336 50 31,725, 313 00 34, 071,128 00 84, 496,762 50 101, 000,000 00 118,010, 000. 00 92, 019,770 00 7a, 644,500 00 102,920, 000 00 27,350, 400 00 30, 055,200 00 35,883, 400 00 40, 000,000 00 56, 283,.500 00 58,986, 000 00 155,928, 000 00 152,711, 000 00 669,321,676.00 Destroyed in Chicago, denominations unknoAvn 669,321,676 00 Deduct discounts for mutilations. Total amonnt actually outstanding. Redeemed. Outstanding. $1, 902,Oil 50 2, 345,815 00 ' 16,503,237 50 25, 990,230 00 24,275, 500 00 2,704, 800 00 4,116,600 00 2, 702,500 00 3, 217,000 00 585,563,982 00 83,757, 694 00 135,000 00 135,000 00 585,698,982 00 83,622,694 00 200 00 83,622,494 00 - 323 TREASURER. Legal-Tender Notes, series of 1869. Denominations. Issued. One Dollar TAVO Dollais -- FiA'e Dollars.' TenDollars--TAventy Dollars Fifty Dollars One Hundred Dollars". FiA^e liundred Dollars: One Thousand Dollars. Redeemed. Outstanding. $36, 312,OGO 00 42, 848,000 00 41, 940,000 00 000 00 . 73, 480, 60, 880,000 OO30,200, OOO 00 28, 720,000 00 34, 800,000 00 54, SOO,000 00 $9,302,702 00 10,982,959 00 1, 043,270 00 2,618,160 00 781,800 00 642,925 00 485,800 00 5,063,500 00 5,454,000 00 $27, 009,298 00 31, 865,041 00 40, 896,730 00' 70, 861,840 00 60, 098,200 00 29, 557,075 00 28, 234,200^ 00 29,736, 500 00 49, 346,000 00 403,980, 000 00 36,375,116 00 367,604, 884 00 865,000 do 865,000 00 37,240,116 00 366,739, 884 00 94,362,578 00 Destroyed in Chicago, denominations iniknoAA" n Total 403,980,000 00 Deduct for ncAv^ notes not pi^t in circnlation 272,377,306 00 245 oa Deduct discounts for mutilations Total amount actually outstanding. 272,377,061 00 Legal-Tender Notes, new issue, and series of 1869. Issued. Denominations. $64,663,348 76,919 128 14.2, 940, 000 191,490,-000 163, 800, 000 60,255,200 6S, 720,000 93,786,000 210,728,900 Redeemed. 50 00 50 00 00 00 00 00 00 $28,911, 309 50 34, 210,856 m 57, 399,967 50^ 96,852, 070 00 84, 373,700 00 32,261, 875 00 32, 350,800 00 32, 439,000 00^ 52, 563,000. 00 621,939, 098 00 1,000,000 00 451, 362, 578 00. 1,000,000 00' 622,939, 098 00 Deduct for nCAv notes not put in circulation . 450,362„578 00 94,.362, 578 00 Deduct discounts for mutilations 356,.000,000 00 445 00^ One Dollar TwoDollars FiA^e Dollars Ten Dollars Twenty Dollars .Fifty Dollars One Hundred Dollars Five Hundred Dollars One Thonsq^nd Dollars ,.. - Total 1,073,301,676 Destroyed in Chicago, denominations unknown .. Total amonnt actually outstanding . ''New Issue," less discount, outstan di ng"-.-. '^ Series of 1869," less discount, outstanding Total as above $35,752, 038 42,708, 272 85, 540, 032' • 94,637, 930 79, 426,- 300 27, 993, 325 36,369, 200 61, 347, 000 158,165, 000 Outstanding. 355,999,555 00' 83,.622,.494 00 272,377,061 00 355,999,.555 0 ^ 324 REPORT ON T H E FINANCES. One-Year Notes of 1863. D enomin ation s. Redeemed. Issued. Outstanding. • $6,200, 000 16,440, 000 8,240,000 13,640, 000 $6,182, 965 16,397, 540 8, 225,500 13, 625,200 $17,035 42,460 14,50014, 800 , • • Total .......| 44,520,000 Deduct for unknoAvn denominations destroyed. 44,431,205 88,795 90 Ten Dollars -..,.. Twenty Dollars FiftyDollars One Hundred Dollars , Total amount actually outstanding 88,705 Two-Year Notes of 1863. Denominations. Issued. Fifty Dollars One Hundred Dollars Total Redeemed. Outstanding. $6,800,000 9,680, 000 $6,783,800 9, 668, 000 $16,200 12,.000 16, 480, 000 16,451,800 '28,200 Two-year Conxion Notes of 1863. Denominations. Fifty Dollars . .1 One Hundred Dollars" Five Hundred Dollars One Thousand Dollars Issued. Redeemed. $5,905,600 14,484, 400 40,302,000 • 89,308,000 '. 150,000,000 Total . . . Dednct for unknoAAm denomination s destroyed . Outstanding. $5,900,850 14,473,900 40,298, 500 89,285,000 $4 750 10,500 3 500 23,000 149,^58,250 41 750 10,500 , 31, 250 Compoimd-Interest Notes. Denominations. Ten Dollars Twenty Dollars Frt'ty Dollars One Hundred Dollars Five Hundred Dollars One Thonsand Dollars Totiil Outstanding J n n e 30, 1872 Redeemed AA'ithin the fiscal year Outstanding as above .. Issned. ,. Redeemed. Outstanding. $23,285,200 30,125, 840 60,824,000 45, 094, 400 67,846,000 39, 420,000 $23,200,990 30. 001,470 60>659,600 45,004,100 67,819,500 39, 410,000 $84,210 124, 37.0 . 164,400 90, 300 26,500 10 000 • 266, 595, 440 266, 095,660 499 780 622,'530 122 750 499,780 325 TEEASUEEE. Fractional Currency, First Issue. ( Five Cents Ten Cents Twenty-fiA''e Cents Fiftv Cents Redeemed. Issued. Denominations. Outstanding. • $1,. 204, 587 54 $1,038,301 46 $2, 242, 889 1,267,653 30 '2,847,724.70 4,115, 378 1,059, 883-14 4,165,812 86 5, 225, 696 1, Oil, 141 25 8, 631, 672 . 7,620,530 75 .": -• • 20,215, 635 Total Deduct discounts for mutilations 15,838,655 85 . Total amount actually outstandingT3 " ' 4,376,979 15 13 30 4, 376,965 85 - Fractional, Currency, Second Series. Issued. Denominations. Five Cents Ten Cents Twenty-fiA^^e Cents Fifty Cents -. ,.-.. . ^ . . . i . . Total '. ..--'. Deduct disconnts for mutilations.. - Outstanding. Redeemed. $2,794, 826 10 6,176, 034 30 ^ 7, 648, 341 25 6,545.. 232 00 $2,086, 382 5, 242, 567 6,886, 423 5,768,703 23,164,483,65 19,984,077 38 85 75 78 00 Total amount actually outstan ding $708,443 933,516 761,917 776,529 25 55 47 00 3,180,406 27 15 02 3,180,391 25 Fractional Currency, Third Issue. , Denominations. Issued. $60i; 923 657,002 16, 976,134 *1,352 31,143,188 36,735, 426 Three Cents Five Cents TenCents... Fifteen C e n t s . . . . TAventv-five Cents. Fifty Cents Total Deduct discounts for mutilations Redeemed. 90 75 50 40 75 50 I 86,115,028, 80 $508, 4.56 521,095 15,814,040 3 30,095, 831 35, 694,102 14 09 00 08 38 75 82,633,528 44 Total amonnt actually outstanding. Outstanding. $93,467 135,907 1,162, 094 1,349 1,047,3.57 1, 041, 323 76 66 50 32 37 75 3, 481,500 36 •523 09 3, 480, 977 27 * Specimens.. Fractional Currency, Fourth Issue, First Series. Den minations. Issued. Redeemed.. Outstanding. • Ten Cents Fifteen Cents TAventA''-fiA^e Cents, Fiftv Cents Total.: Deduct discounts for mutilations $30,677,400 $22,637,358 05 4, 501, 416 3,244,348 18 47,646, 500 35, 267, 612 11 9, 576, 000 9,124,901 25 92, 401, 316 . Total amount actually outstan diuff 70, 274,219 59 $8, 040, 041 95 1, 257, 057 82 12, .378,887 89 451,098 75 22,127,096 41 344 2'l 22,126,752 20 326 REPORT ON THE FINANCES. Fractional Currency, Fourth Issue, Second Series. Redeemed. Issued. Denominations. Fifty cents Peduct discounts for mutilations... • $40,404: 00 _._^-',...' Outstanding. <lf;2R.7.38. 616 7.^ 11,665,383 25 80 25 ^:'........ Total amount actually outstaniding 11,665,303 00 22,126,752 20 Fourth Issue, First Series, outstanding, less discount. Fourth Issue, Second Series, outstanding, less discoui^t--- ,.- 11,665,303 00 Total Fourth Issue outstandin ^, less discount 33,792,055 20 M^actional Currency—E6sume. Denominations. Three Cents Five Cents Ten Cents Fifteen Cents Twenty-five Cents . Fifty Cents Issued. L, 923 5, 694, 717 57,944,996 4,502,768 91,663,726 101,892,330 Outstanding. Redeemed. 90 85 80 40 00 50 3,456 % 812,065 46,541,690 3,244, 351 76,415,680 86, 946,854 14 48 50 26 13 50 467 1, 882, 652 11,403, 306 1,258, 417 15,248, 045 14, 945, 476 76 37 30 14 87 00 Totals •. 262,300,463 45 217,469,098 01 Deduct for unknown series and denominations destroyed in Chicago 44,831, 365 '44 32, 000 00 Deduct discounts for mutilations. 44,799, 365 44 975 87 Total amount actually outstanding Of the above-stated amount there was held in the Office at the close of business Jnne 30,1873 44,798, 389 57 Leaving the actual circulation at 40,463, 839 57 4, 334, 550 00 II.—LEGAL-TENDER NOTES ISSUED DURING FISCAL YEAR. One Dolhir notes Two Dollar notes Five Dollar notes Ten D°ollar. notes Twenty Dollar notes Fifty Dollar notes One Hundred Dollar,notes . Five Hundred Dollar notes. One Thonsand Dollar notes. Total , $4, 428, 000 3, 608, 000 5, 240, 000 1, 000. 000 7,360;000 21, 536,000 III.—NEAV L E G A L - T E N D E R N O T E S ON H A N D N O T Y E T P U T I N CIRCULATION, One Dollar ,. Two Dollaxs... Five Dolla.rs Ten Dollars TAventy Dollars '. Ffty Dollars One Hundred Dollars.. Five Hundred Dollais. One Thousand Dollars. Total. $3, 699, 578 6, 736, 000 11, 000, 000 23, 520, 000 17, 200, 000 6, 065, 000 4, 610, 000 7, 175, 000 14, 357, 000 94, 362, 578 TREASURER. 327 lA^—FRACTIONAL CURRENCY ISSUED DURING FISCAL YEAR. TenCents Fifteencents Twenty-five Cents Fifty Cents Total ' $9,156, 80]). 300,000 15,898,000 13,320,000 ,.. .' 38,674,800 V.—SPECIMEN FRACTIONAL CURRENCY. There has been, received from the sale of the various kinds of fractional currency, with faces and backs printed on sexDarate xiieces of paper, and mostly pasted on cards, as folloAvs: Up to and including June 30, 1872 : $15,175 78 During fiscal year ^ 1 190 42 Total amount sold 15,376 20 V I . — C U R R E N C Y OUTSTANDING AT T H E CLOSE OF E A C H F I S C A L Y E A R F O R T H E LAST TAVELVE Y E A R S . June 30, 1862:. Old Deinand Notes Legal-Tender Notes, n'ew issue Totc^l $51,105,235 00 96,620,000 00 - June 30, 1863 : Old Demand Notes Legal-Tender Notes, new issue Fractional Currency, first issue : ---- 147, 725, 235 00 5 .' Total...... 411,223,045 00 June 30, 1864: .Old Deraand Notes Legal-Tender Notes, new issue Compound-Interest Notes. • On6-Year Notes of 1863 • Two-Year Notes of 1863 TAA-o-Yea.rCoux3on Notes of 1863Fractional Currency, first issue Fractional Currency, second issue ----- v. $789,037 447,300, 203 '6,060,000 44,520,000 . . . . . . : . . . . . 16,480,000 111,620,-550 - 14,819,156 7, 505,127 - Total............. $472,603 431, 066,427 191,721,470 8,467,570 7,715,950 34,441,650 9,915, 408 12,798,130 2, 319,589 : .' Total Total 50 10' 00 00 00 00 00 10 649,094,073 70 June 30, 1865: Old Demand Notes L Legal-Tender Notes, ncAv issue Compound-Interest Notes One-Year Notes of 1863 • Two-Year Notes of 1863 TAvo-A?'ear Conxion Notes of 1 8 6 3 . . . . . . . Fractional Currency, first issue Fractional Currency, second issue Fractional Currency, third issue J u n e 30, 1866: Old Demand Notes Legal-Tender Notes, ncAv issue Comx-)Ound-Interest Notes One-Year Notes of 1863 Two-Year Notes of 1863 TAVO-Year Coupon Notes of 1863.. Fractional Currency, first issue Fractional Currency, second issue Fractional Currency, third issue . . . $3,384,000 00 . . . 387, 646, 859 00 20,192, 456 00 1 .• 698,918,800 25 1 , .'. • • 50 99 00 00 00 00 66 60 50 $272,162 75 400,780, 305 '8o 172,369,941 00 2,151, 465 50 5,209,522 50 1,078, 552 50 7,030, 700 78 7,937, 024 57 12,041,150 01 608,870,825 46, 328 REPORT ON THE June 30, 1867: Old Demand Notes ^Legal-Tender Notes, new issue Compound-Interest Notes...< One-Year Notes of 1863 TAVO-Year Notes of 1863 TAVO-Year Coupon Notes of 1863. Fractional Currency, first i^sue Fractional Currency, second issue Fractional Currency, third issue FINANCES. • .....: ^ .' '-- Total -536,567,523 02 June 30, 1868: Old Demand Notes Legal-Tender Notes, ncAv issue--: Comx^ound-Interest Notes One-Year Notes of 1863 TAVO-Year Notes of 1863 Two-Year Coupon Notes of 1863 Fractional Currency, first issue Fractional C urrency, second issue - - Fractional Currency, third issue Total $208, 432 50 > 371,783,^7 00 134,774,981 00 . 794,687 00 396,950 00 134,252 50 5,497, 534 93 4, 975,827 08 18, 001,261 01 : • , ' : June 30, 1869 : Old Deraand Notes Legal-Tender Notes, ncAv issue , Compound-Interest Notes....". On6-Year Notes of 1863 Two-Year Notes of 1863 T wo-Year Coupon Notes of 1863..: Fractional Currency, first issue Fractional Currency, second issue Fractional Currency, third issue Total June 30,1870 : Old Demand N o t e s - - . . . . LegalrTender Notes, new issue United States Notes, series of 1869 Compound-Interest Notes One-Year Notes of 1863 . Two-Year Notes of 1863 Two-Yeax Coupon Notes of 1863 Fractional Cui-rency, first issue Fractional Currency, second issue Fractional Currency, third issue Fractional Currency, fourth issue $143,912 CO 356,000,000 OO 54,608,230 OO 458,557 OO 188,402 50 :. 69,252 50 -. 4, 881,091 27 3,924,075 22 23,922,741 98 .• 444", 196,262 47 o $123,739 356,000, 000 :. 3,063,410 220,517 84,752 42,502 4,605,708 3,528,163 • "23, 980,765 .'..' , 391,649,558 61 i $106,256 289,145,0.32 66,854,968 2,191,670 ". 160,347 56,402 37, 202 4,476,995 3,273,191 10,666,556 21, 461,941 •.-... , , '. Total June 30, 1871: . Old Demand Notes l... : Legal-Tender Notes, new issue United States Notes, series of 1869 Compound-Interest Notes One-Year Notes of 1863 : TAVO-Year Notes of 1863 Two-Year Coupon Notes of 1863 •Fractional Cu.i're.n.cy,,first issue Fractional Currency, secoud issue Fractional Currency, third issue Fractional Currency, fourth issue Total 25 00 00 00 .50 50 52 65 19 00 00 00 00 00 50 50 87 03 52 06 398,430,562 48 • ' $96,505 50 181,806,518 00 174,193,482 00 814,280 OQ 128,037 00 44,502 50 33,452 50 4,414, 025 04 3,218,156 /37 5,617,535 75 27,333,157 40 : 1 .' .'• ' 397,699,652 06 TREASURER. Jnne 30, 1872: Old Demand Notes Legal-Tender Notes, new.issue United States Notes, series of 1869 Compound-Interest Notes One-Year Notes of 1863 TAVO-Year Notes of 1863 TAVO-Year Coupon Notes of 1863 Fractional Currency, first issue Fractional Currency, second is.sue Fractional Currency, third issue Fractional Currency, fourth issue ' $88,296 25 123,271,568 00 234,228,432 00 623,010 00 109,967 00 36,402 50 •.... 31,852,50 •.... 4,391,299 09 3,190,283 51 4,039,955 26 29,234,297 41 • : ^ June 30, 1873: "Old Demand Notes ."•: Legal-Tender Notes, ncAV issue United States Notes, series of 1869 One-Year Notes of 1863 Two-Year Notes of 1863 Two-YeaT Coupon Notes of 1863 ComxDound-Interest Notes Fractional CinTcncy, first issue Fractional Currency, second issue Fractional Currency, third issue Fraction al Currency, fourth issue, first series Fractional Currency, fourth issue, secoii"*^ series 329 ' .• Total Total ' 399,245,363 52 ...^.... : .' - •. ; $79,967 83,622,694 272,377,306 88,705 28,200 ^31,250 . 499,780 4, 376,979 3,180,406 : 3,481,500 22,095,096 11,665,383 50 . 00 00 00 00 00 00 15 27 36 41 25 401,527,267 94 VIL—COMPARATIAHE S T A T E M E N T O F TOTAL O U T S . T > ) L N D I N G F O R TPIE LAST TAVELVE Y E A R S . Outstanding June 30,1862 Outstanding June 30,1863 Outstanding June 30,1864 Outstanding .June 30,1865---. ' Outstanding Jmie 30,1866 '. Outstanding June 30,1867 Oiitstanding'June30,1868: Outstanding June 30,1869 '. Outstanding June 30,1870 Outstanding Jnne 30,1871 • Outstanding June 30,1872 • Outstanding J u n e 30,1873 .- .' $147,72.5,235 411,223,045 649,094,073 698,918,800 608,870,825 536,567,.523 444,196,262 391,649,-558 398,430,562 397,699,652 399,245,363 401,527,267 ' -.--. • .....: .-. - 00 00 70 25 46 02 47 61 48 06 52 94 E.—REDEMPTIONS. I . — R E D E M P T I O N AND D E S T R U C T I O N OF M O N E Y S AND S E C U R I T I E S D U R I N G T H E F I S C A L . ° YEAR. Old Demand Ndtes Legal Tender Notes Legal Tender Notes, series of 1869..: One-Year Notes of 1863.-.. :. Two-Yeai'Notes of 1863 Two-Year Conxion Nptes of 1863 Comx:)Ound-Interest Notes Fractional Currency, first issue Fractional Currency, second issue Fractional Currency, third issue Fractional Currency, fourth issue, first series.. Fractional Currency, fourth issue, second series. .• Coin Certificates, old issue .' Coin Cei'tificates, series of 1870 Coin Certificates, series of 1871 Discounts on above, arising from half notes -..-. •.....- ., $6,200 00 39,415,463 50 24,502,664 00 21,025 00 8,0.50 00 600 00 122,750 00 394 90 406 38 463,196 95 21,703, 081 34 12,408,525 75 278,000 00 43,923,5,00 • 00 678,300 00 143,532,157 82 1,420 87 143,533,578 69 330 R E P O R T ON T H E NationalBank Notes.Discount on same *•. '.. Statistical m a t t e r . - . . . Balance on hand July' 1, 1873 FINANCES. : $3,24L778 00 25 00 —— 146,775, .381 69 420,782,006 11 N 814,757 36 ., , 3,241,803 00 , 568,372,145 16 Cash Acconnt, Dr. Balance from last yeax -. Amount received cluring the year ' 1,158, 834 86 : ., Total • 143,188, 080 32 144,346,915 18 Contra, Cr. ' Amount destroyed durinfi: the year 143,532,1.57 82 B a l a n c e o n h a n d July 1,1873 814,757 36 144,346, 915 18 Destroyed as money during the year.! Destroyed as per last report Statisticalh^ destroyed during the year As X3er last report.Certificates of indebtedness National Bank Notes As per last rexiort '. - $143, 533,578 1,808, 314, 475 420,782, 006 2,961,136,928 69 69 1,951, 848, 054 11 . 73 3,381,918,934 ^5,333,766,989 592,905, 350 3,241,803 00 6,038,229 00 9,280,032 -•.- 38 84 22 26 00 5,935,952,371 48 Total of all destroyed during the year Total as per last report 567,557, 387 80 5, 368,394, 983 68 . . 5,935,952, 371 48 I I . — D I S C O U N T S ON M U T I L A T E D C U R R E N C Y . 1. Discounts for missing xiarts ^ of mutilated currency destroyed during thefisoal year arising from half notes. . On Legal-Tender Notes On Legal-Tender Notes, series of 1869 On Fractional Currency, first issue' 1 On Fractional Currency, second issue On Fractional Currency, third issue On Fractional Currency, fourth, issue, first series. -. 1 On Fractional Currency, fouith issue, second series $200 245 13 15 523 344 80 1,420 87 349 74 On moneys redeemed but not destroyed Total discount since July 1, 1872 00 00 30 02 09 21 25 ...'. .-. 1,770 61 2. Discount Account. Discounts for fiscal year arising from half notes Discounts on moneys on hand July 1, 1873 Discounts on moneys on hand J u l y 1,.1872 Total •discounts for fiscal year Amount on band J u l y 1,1872, a;s aboA'e Total discount since July 1, 1 8 7 2 . . . . : 1, 420 87 . 349 74 127 57 •,...• ' - -.. 222 1, 643 127 1,770 17 04 57 61 This discount being altogether on half notes is apparent and not real, as the corresponding halA^es may haA^e been or may hereafter be redeemed. NOTE.—Discounts to J u l y 1, 1872, amounting to $227,732.33 have been covered into the Treasury since last report. TREASURER. 331 I I I . — D E S T R U C T I O N OF P A P E R M O N E Y . 1. Number of notes destroyed. There haA^e been destroyed since the commencement of the rebellion, X)ax3er representing money, as f OHOAA'S : ^ , o Old Demand Notes: FiA'-e Dollars---. Ten Dollars TAventy Dollars Total number of notes desti-oyed Legal-Tender Notes: One Dolhu---. TAVO Dollars : Five DoUars •: TenDollars... TAventy Dollaxs Fiftv Dollars One'^Prundred Dollars FiA^e Hundred D o l l a r s . - . . : One Thousand Dollars ,, : 4,353,807^ 2,000,111^ 908,994 7,262", 913 ..,.-..' •_ 26,449,380 15,862,671 16,899,362 . 9,201,981 ,3,932,227 547,008 358 834 112,567 152,711 • : Total number.of notes destroyed 73,516,741 Legal-Tender Notes, series of 1869: One Dollar .' Two Dollars Five Dollaxs , TenDollars ' Twenty Dollars • FiftyDollars : One Hundred Dollaxs Five Hundi'ed Dollars : One Thousand Dollars ' 9,302,780 5,491,513 208,661 • 261,818 39,091 12,859 .-4,858 10,127 5, 454 Total number'of notes destroyed 15, 337,161 . One-Year Notes of 1863: Ten Dollars Twenty Dollars FiftyDollars One Himdred D o l l a r s - - . - . . ' Total nnmber of notes destroyed TAVO-Year Notes of 1863: FiftyDollars One Hundred Dollars , , . ' . . . . . . . . . . : .., 1,738,935^ : 135,676 96,680 Total number of notes destroyed Two-Year Coupon Notes of 1863: FiftyDollars.... One Hundred Dollars Five Hundied Dollars, , One Thousand Dollars 232, 356 118,017 144,739 80,597 89,285 '. : Total number of notes destroyed Compound-Interest Notes: Ten Dollars Twenty Dollaxs ' infty Dollars One Hundred Dollars Five Hundred Dollars One Thousand Dollars • Total number of notes destroyed....• 618,296i 819,877 164,510 " 136,252 43'2,638 1.: 2,320,099 1,500,073^ 1,213,192 450,041 135,639 , 39, 410 5,658, 454^ 332 REPORT ON T H E FINANCES. Fractional Currency, first issue: Five Cents ' TenCentsTAA-enty-five Cents Fiffcy Cent^ •.. : Total number of notes destroyed 84, 473, 379^ Fractional Currency, second issue :•* Five C e n t s . . . . . . . . . . . . . :.:......: Ten Cents-..-•-. :.: TAventy-fiA^e Cents Fifty Cents 41,727,747 52,425,723 27,545,707 11, 537, 412 -. ' Total number of notes destroyed 133,236,589 Fractional Currency, third issue: Three Cents Five Cents Ten Cents Fifteen Cents TAventy-five Cents Fifty Cents . . : . ' . .- : 1' .--.--: • , Total number of notes destroyed 226,375,336 21,629,163 141,070,89118,249,866 Total nuinber of notes destroyed 407, 325,256 Fractional Currency, fourth issue, second series: Fifty Cents ,.-- 57,477,394' 45, 820 116,195 17, 988 59, 979 64, 588 2,500 ' : Total nnmber of notes destroyed ' Coin Certificates, series of 1870: Five Hundred Dollars One Thousand Dollars FiA^e Thousand Dollars Ten Thousand Dollars 307,070 12,424 21, 238 8,131 7, 600 : -. Total number of notes destroyed' 49,393 Coin Certificates, series of 1871: One Hundred Dollars •. * Notes of National Banks, failed and m liquidation: One Dollar : TAVO Doll a r s . . . FiA^eDollars Ten Dollars :......: .TAventy Dollars '. Fifty Dollaxs .• One Hundred Dollars Total number of notes destroyed 16,948,551 10,421,954 158,142,539 21 120,383,890 71,388,536 377, 285,491 Fractional Currency, fourth issue, first series: ' TenCents Fifteen Cents Twenty-five Cents .." Fifty Cents --..:.. Coin. Cei'tificates, old series: Twenty Dollars One Hundred Dollars Five Hundred t)olla,rs Oj:ie Thousand Dollars Five Thousand Dollars Ten Thousand Dollars ,. " 24,091,763 28,477,277^ 16,663,265 15,241,-074. : 9,550 142,027 53,095 870,233 237 129 69,588 7,624 5, 364 1,385,060 TREASURER. 333 2.—Numher of notes of each Icind destroyed during the fiscal year. Old Demand Notes • 745 Legal-Tender Notes, iieAA^ issue 5,357, 042 Legal-Tender Notes, series of 1869 8,803, 457 One-Year Notes of 1863 ...' ...«, 947^ Two-Yeax Notes of 1863 123 Two-Yeax Coupon Notes of 1863 . 11 Compound Interest Notes • 4, 589 Fractional Currency, first issue 2,551 • 'Fractional Currency, second issue ' 3, 353 Fractional Currency, third issue 2,107,262 Fractional Currency, foui'tb issue, first series 134,499,752 Fractional Currency, fourth issue, second series 24, 817., 212 (|)oin Certificates, old series • 2,781 Coin Certificates, series of 1870 .•.15,142 Coin Certificates, series of 1871 6, 805 ' Total National Bank Notes Total of all for the year . . . . . . Number as per last report . 175, 621, 772^ 467, 314 ' : • 176, 089, 086^ 989, 639,292^ Total nnmber to July 1, 1873 1,165,728,379 I V . — D E S T R U C T I O N ACCOUNT. Statement of face value of moneys destroyed since 1861. ° Old-Demand Notes :.... --Legal-Tender Notes, UCAV issue Legal-Tender Notes, series of 1869 1 One-Year Notes of 1863 -. TAVO-Year Notes of 1863 T\vo-year Coupon Notes of 1863 -.'. Compound Interest Notes Fractional Currency, first issue .• Fractional C urrency, second issue ,.'. .----• Fractional Currency, third issue •.• . . . -. Fractional Currency, fourth issue, first series • •. Fractional Currency, fourth issue, second series Coin Certificates, old issue • ^ ' Coin Certificates, series of 1870 '. Coin Certificates, series of 1871 Total amount destroyed as money Total amount destroyed statistically National.Bank Notes Certificates of indebtedness Total amount destroyed to July 1, 1873 : $.59,950,032 585,699,182 37,240, 361 44,431,295 16,451,800 149,968,750 266, 095, 660 15,838,669 19, 984, 092 82,634, 051 70, 306,563 28,738,697 429,448,900 144,105, 000 955,000 50 00 00' 00 00 00 00 15 40 53 80 00 00 00 00 1,951, 848, 054 3, 381,918,934 9,280,032 592,905,350 38 84 00 26 5,935,952, 371 48 V . — R E D E M P T I O N ACCOUNT. Statement of redemption of'moneys since 1861. Moneys destroyed before July 1, 1872 Moneys destroyed within the year. - -Discounts on same, arising from half notes Total.-'.-. National Bank notes before July 1, 1872 National Bank notes during the year Statistical matter destroyed before July, 1872 Statistical matter destroyed during the year Certificates of indebtedness $1, 808, 314, 475 69 143,532,157 82 1,420 87 --.. 1,951,848,054 $6, 038,229 00 3,241,803 00 9,280,032 2,961,136,928 73 420,782, 006 11 • 3,381,918,934 592,905, .350 38 00 84 26 Total amonnt destroyed to J u l y 1, 1873 Balance on band July 1, 1 8 7 3 . . . . . . . . . 5,935,952, 371 48 814,757 36 Total amount redeemed to July 1, 1873 5,936,767,128 84 334 REPORT ON T H E FINANCES. VI.—REDEMPTIONS AND DISCOUNTS. Amounts paid, discounts, and amounts retired to July 1,1873. Old Demand Notes. Amount paid. Denominations. Five Dollaxs Ten Dollars Twenty Dollars Total . . . Amount discounted. Total amonnt retired. $21,769, 037 50 20,001,115 00 18,179,880 00 $21, 769, 037 50 20,001,115 00 18,179,880 00 59,950, 032 50 59,950, 032 50 Legal-Tender Notes, new issue. Denominations. Aniount x^aid. One Dollar TAVO Dollaxs .• Five Dollars Ten Dollaxs Twenty Dollars Fifty Dollars One flundred Dollars FiA''e Hundred Dollars One Thousand Dollars Denomination unkuoAVU Total - * Am't discoun t'd Total amount during fiscal retired. year. $26,449,336 50 31,725,313 00 84,496,762 50 92,019,770 00 78,644, 500 00 27,350,400 00 35, 883, 400 00 56,283,500 00 152,711,000 00' 135,000 00 $43 50 29 00 47 50 40 00 40 00 $26,449,380 00 31,725,342 00 84,496, 810 00 92,019,810 00 78,644,540 00 27, 350, 400 00 35, 883, 400 00 56, 283,500 00 152,711, 000^ 00 135,000 00 585,698, 982 00 200 00 585,699,182 00 Legal-Tender Notes, series of 1869. Denominations. One Dollar , TAA-O Dollars Five Dollars Ten Dollars TAA'cnty Dollars Fifty Dollars One Hundred Dollars Five Hundred Dollars One Thousand Dollars Denomination unknown Total Amount x^aid. $9, 302,702 00 10.982,959 00 1, 043,270 00 2, 618,160 00 781,800 00. '642, 925 00 . 485,800 00 5, 063, 500 00 5,454, 000 00 865,000 00 37,240,116 00 *Am!tdisconnt'd during fiscal year. • $78 00 67 00 35 00 20 00 20 00 • 25 00 $9,302,780 00 10,983, 026 00 1, 043, 305 00 2,618,180 00 781,820 00 . 642,950 00 485,800 00 5, 063,500 00 5, 454, 000 00 865,000 00 245 00 37, 240, 361 00 *^ This is 011I5' apparent, as the amount is made u]) of half-notes. Total amount retired. 335 TREASURER. One-Year Notes of 1863. Denominations. $6,182,965 16,397,540 8,225,500 13,625,200 90 Ten Dollars Twenty Dollaxs.". Fifty Dollars One Hundred Dolla-rs UnknoAvn. Total Am't discounted during fiscal year. Amount paid. 00 . 00 00 00 00 J. 44,431,295 00 Total amount retired. $6,182,965 • 16, 397, 540 8,225, 500 13, 625,200 90 00 00 00 00 00 44, 431,295 00 Two-Year Notes'of 1863. Denominations. Fifty Dollars One Hnndi'cd Dollars Total .« Amount paid. Am't discount'd during fiscal year. Total amount retired. $6,783,SOO 00 9,668,000 00 $6,783,800 00 9,668,000 00 16,451,800 00 16,451, 800 00 Two- Year Couxmn Notes of 1863. Denominations. FiftyDollars One Hundied Dollars Five Hundred Dollars One Thousand Dollars UnknoAA^n Total Amount x>aid. Am't discounted duriiig fiscal Total amount retired. year. $5,900, 850 14, 473, 900 40,298, 500 89,285, OCO 10,500 149,968,750 $5, 900,850 14, 473, 900 40,298,500 89,285, 000 10,500 149,968,750 Comx)ound-Interest Notes. D enomi nations. Ten Dollars Twenty Dollars FiftyDollars' One HuncUed Dollars . Five Hundred Dollars . One Thousand Dollars'. Total Amount paid. Am't discounted during fiscal, Total amount retired. year. $23,200,990 30, 001, 470 60, 659, 600 45, 004,100 67,819, 500 39, 410, 000 $23,200,99030,. 001,470 60, 659, 600 45, 004,100 67,819;500 39,410, 000 266,095,660 266, 095,660 336 REPORT ON T H E FINANCES. F'actional Currency, first issue. Amount paid. Denominations. / Five Cents Ten Cents TAventy-five Cents Fifty Cents Total '''Am't discount'd during fiscal Total amount retired. year. $1,204,587 54 2, 847, 724 70' 4,165,812 86. 7,620,530 75 $0 3 3 6 61 $1,204,588 15 05 2,847,727 75 39 4,165, 816 25 25 7,620.537 00 15,838,655,85 13 30 15,838,669 15 Fractional Currency, second'.ssue. Amount paid. Denominations. Five Cents •. Ten Cents Twenty-five Cents Fifty Cents ... . . $2,086, 382 5,242,567 6,886. 423 5, 768, 703 * Am't discount'd dui'ing fiscal Total amonnt retired. year. $4 4 2 0 3 85 75 78 00 19, 984, 077 38 Total 50 $2,086 387 55 5,242,572 97 6,886,426 00. 5,768,706 15 02 35 30 75 00 19,984,092 40 Fractional Currency, third issue. D enomin ation s. Three Cents Five Cents Ten Cents Fifteen Cents . Twenty-fiA^e Cents Fifty C e n t s . . . . . . . Total Amount x^aid. $508,456 521, 095 15,814,040 3 30,095,831 35,694,102 , 14 09 00 08 38 75 82, 633, 528 44 'Am't discount'd amount during fiscal Total retii'ed. year. $0 39 $508, 456 53 -2 61 521,097 70 213 90 15,814, 253 90 . 07 • 3- 15 141 12 30,095,972 50 165 00 35,694,267 75 523 09 82,634,051 53 Fractional Currency, fourth issue, first set^ies. Denominati ons. Ten Cents Fifteen Cents . . . . . Twenty-Five Cents Fifty Cents UnknoAvn Total Amonnt paid. $22,637, 358 3,244, 348 35,267, 612 9,124,901 32,000 05 18 11 25 00 70,306,219 59 ^ Am't discounted dnring fiscal Total amoiint retired. year. $175 26 110 31 55 $22, 637,533 60 27 3, 244, 374 45 64 35,267, 722 75 75 9,124, 933 00 32, 000 00 344 21 ^ This is only .apparent, as the amount is made-up of half-notes. 70,306,563.80 337 TREASURER. Fractional Currency, fourth issue, second series. Denomination. Fifty C e n t s . : - - . . . . Amount paid. * Am't discounted Total amount diuing fiscal retired. .year. $28,738,616 75 $80 25 $28,738,697 00 V I I . — D E S T R U C T I O N OF N O T E S O F N A T I O N A L B A N K S , B R O K E N AND I N L I Q U I D A T I O N . 1.—Notes destroyed, by denominations. amount Amonnt paid. ^ Am't discount'd. Total retired. Denominations. One Dollar Two Dollars Five Dollars Ten Dollars TAA''enty Dollars. . . FiftyDollars . . . One tlundred Dollars * Total -• . . $141,973 106,169 4, .350, 910 2, 371,247 1, 391, 749 381,190 536,395 35" 60 00 00 00 00 00 $53 20 255 43 11 10 5 9,279,633 95 . .. 65 40 00 00 00 00 00 398 05 $142,027 j06,190 4,351,165 2, 371, 290 1,391,760 381,200 536,400 00 00 00 00 00 00 00 9,280, 032 00 2.—Destruction Account. Total amount destroyed during the year. As shown by last rexDort $3,241,778 00 6,037,855 95 Total from tbe beginning Discounts during the fiscal year As shoAvn by last report : 9,279,633 95 „. $25 00 373 05 398 05 Total destruction to J u l y 1, 1873 .: 9,280,032 00 F.—STATISTICAL DESTRUCTIONS. I . — D E S T R U C T I O N O F STATISTICAL M A T T E R . Coupon Bonds, Loan of 1858 : One Thousand Dollars $1,338 000 Conx')on Bonds, Loan of 1860 : One Thousand Dollars 1,015,000 Coupon Bonds, Loan of February, 1861: One Thousand Dollars 1,097, 000 Coupon Bonds, Loan of July and August, 1861: FiftyDollars " One Hundred Dollars Five Hundred DollarsOne Thousand Dollars $29,650 222,600 1,152,500 4,622,000' Coupon Bonds, 5^-20's of 1865 : One Thousand Dollars '' This is only ai)parent, as the amount is made up of half-notes. 22 F 6,026,7.50 1,000 338 . REPORT ON T H E FINANCES.' Conxion Bonds, Consols of 1865: FiftyDollars L One'Hundred Dollars.. Five Hundred Dollars One Thousand Dollars :.-.-.. * $729,050 2,696,800 10,658,000 48,706,000 60,787,850 Coupon Bonds, Consols of