SEYMOUR. Mr. J. A. BEARDSLEY, the First Teller, was appointed acting Cashier. We publish below our usual Bank Returns for New York, Philadelphia, and Boston, bringing the returns down to the latest dates. Government loans are, however, so mixed up with those of the commercial community that it is impossible to arrive at any correct conclusions, or obtain much information from the figures given. It would certainly be well for outsiders if these loans-private and public-were stated separately, and the amount of legal tender notes were also reported. Date. January 3,..... 10,..... 66 17,..... 46 24,..... February 7,..... 14.. 21,..... 3 March 14..... 21,.. April 28, 4,.... 11,..... 25,..... 2... Loans. NEW YORK BANKS. NEW YORK BANKS. (Capital, Jan., 1863, $69,494,577; Jan., 1862, $69,493,577.) Specie. Circulation. Net Deposits. Clearings. $173,810,009 $35,954,550 $9,754,355 $159,163,246 $186,861,762 175,816,010 36,770,746 9,551,563 162,878,249 249,796,489 176,606,558 37,581,465 9,241,670 164,666,003 314,471,457 179,288,266 38,549,794 9,083,419 168,269,228 298,861,366 179,892,161 38,243,839 8,780,154 166,342,777 302,352,571 173,103.592 38,426,460 8,756,217 167,720,880 265,139,104 178,335,880 87,981,310 8,752,536 170,103,758 291,242,929 179,958,842 89,512,256 8,739,969 173,912,695 340,574,444 7...... 181,098,322 39,705,089 8,693,175 174,689,212 344,484,442 177,875,949 36,110,085 8,657,016 172,944,034 307,370,817 173,829,479 83,955,122 8,609,723 167,004,466 277,831,351 172,448,526 34,317,691 8,560,602 163,363,846 281,326,258 173,038,019 34,257,121 8,348,094 160,216,418 287,347,704 170,845,283 35,406,145 8,178,091 159,894,731 264,468,080 169,132,822 36,761,696 8,039,558 164,122,146 259,417,565 171,079,322 37,175,067 7,555,549 167,863,999 258,654,781 177,364,956 36,846,528 7,201,169 167,696,916 355,557,732 180,114,983 38,002,633 7,080,565 163,656,518 367,560,731 180,711,072 38,556,642 6,901,700 168,879,130 353,346,664 181,319,851 38,544,865 6,780,678 167,655,658 380,304,748 181,825,856 37,692,634 6,494,375 166,261,121 307,680,918 6,..... 182,745,080 37,241,670 6,341,091 162,767,154 289,757,539 13,..... 180,808,823 37,884,128 6,210,404 159,551,150 802,377,276 177,083,295 38,314,206 6,120,252 157,123,301 259,483,221 175,682,421 38,271,202 6,004,177 158,539,308 264,819,856 174,837,384 38,302,826 5,998,914 158,642,825 267,785,773 175,087,485 38,712,397 5,927,071 160,733,496 319,945,652 173,126,887 38,254,427 5,880,628 168,319,544 251,168,769 173,036,336 35,910,227 5,775,188 164,133,549 284,684,421 176,208,597 33,746,681 5,700,452 161,178,146 292,211,821 176,559,840 32,156,548 5.706,024 155,868,116 297,384,006 175,305,471 32,874,913 5,613,177 155,950,043 298,936,160 175,713,139 31,520,499 5,545,970 156,588,095 873,755,630 176,748,618 32,030,055 5,475.964 156,671,695 392,404,680 178,477,037 31,989,381 5,456,016 158,110,687 394,814,312 200,028,980 32,018,107 5,457,366 178,538,622 371,510,559 66 19,..... 207,679,456 31,014,411 5,414,643 185,576,199 343,263,949 BOSTON, BANKS. (Capital, Jan., 1863, $38,231,700; Jan., 1862, $38,231,700.) Date. Loans. Specie. Circulation. Deposits. Jan. 5,.. $77,339,046 $7,672,028 $8,190,496 $33,372,648 46 12,.. 77,427,173 7,751,000 8,373,000 33,063,800 17,006,000 66 13,520,000 19,.. 76,624,700 7,710,600 8,199,600 33,382,000 16,547,800 13,727,700 26,.. 76,354,000 7,710,700 8,008,500 83,847,000 16,811,700 13,958,000 66 66 66 Date. 23,.. Mar. 2,.. 66 9,.. "16,.. "30,.. April 6,.. 13,.. 66 27,.. May 4,.. Due. from bank Due to banks. Loans. Specie. Circulation. Deposits. Feb. 2,.. 76,496,800 7,685,000 8,865,000 84,076,800 9,.. 78,421,000 7,707,000 8,074,000 35,178,600 16,.. 78,431,000 7,794,000 8,001,000 34,903,000 17,070,700 14,095,500 78,782,600 7,624,000 8,002,000 34,965,500 17,331,000 14,583,800 79,127,500 7,553,000 8,001,980 85,245,500 17,523,500 15,004,000 79,274,700 7,582,000 8,225,000 35,215,000 17,340,400 14,446,500 79,636,134 7,609,238 7,780,062 32,955,149 17,230,300 13,434,500 77,935,000 7,572,600 7,593,800 31,604,500 17,074,400 11,601,300 76,933,600 7,703,800 7,963,500 32,687,000 15,444,000 12,280,600 74,551,013 7,812,895 7,762,915 32,494,822 14,557,000 12,947,800 20,.. 78,459,160 7,799,815 7,278,506 33,209,742 14,182,000 12,653,000 73,558,000 7,838,800 7,040,000 32,781,500 13,303,000 11,966,700 73,218,155 7,854,731 7,433,496 31,949,762 13,237,700 11,622,600 73,062,789 7,847,849 7,688,233 31,309,985 13,147,000 11,800,000 73,068,598 7,794,046 7,167,327 32,192,770 12,863,500 11,732,000 72,874,000 7,777,000 7,011,700 33,000,000 12,787,000 11,748,000 June 1... 73,424,000 7,751,000 6,913,000 32,575,000 12,735,000 10,704,500 8,.. 73,592,000 7,738,557 7,030,286 31,728,285 12,626,700 10,874,700 15,.. 73,237,000 7,780,000 7,109,000 31,477,600 12,235,500 10,541,000 22,. 73,351,000 7,697,000 7,344,500 31,355,800 12,504,600 10,914,700 29,.. 73,421,084 7,683,987 7,040,624 31,477,596 12,388,000 10,900,000 July 6,.. 73,548,918 7,744,827 7,473,800 31,509,263 12,233,000 10,891,000 73,485,675 7,774,991 7,508,442 30,277,502 12,193,000 10,712,000 73,421,000 7,684,000 7,401,500 29,287,000 13,802,000 10,154,600 72,850,716 7,811,513 7,246,797 28,011,571 12,950,000 72,390,364 7,793,916 7,817,402 28,384,096 12,655,000 71,997,503 7,798,276 7,440,212 28,247,266 12,822,673 17,.. 71,860,078 7,813,497 7,198,917 27,898,073 12,765,527 24,.. 71,447,520 7,780,905 7,303,757 27,510,154 12,662,321 9,578,673 71,478,116 7,752,516 7,227,704 27,762,955 12,614,000 9,820,500 Sept. 7,.. 71,717,995 7,637,402 7,527,036 28,778,498 12,379,000 10,874,700 14,.. 75,599,232 7,591,589 7,600,556 31,143,588 13,424,000 11,097,000 21,.. 79,595,740 7,595,358 7,604,161 34,509,214 13,565,000 11,487,500 PHILADELPHIA BANKS. PHILADELPHIA BANKS. (Capital, Jan., 1863, $11,740,080; 1862, $11,970,130.) Due Due Date. Specie. Circulation. Deposits. to banks. from banks. Jan. 5,... $87,679,675 $4,510,750 $4,504,115 $28,429,189 $6,948,785 $1,994,928 37,533,757 4,544,786 4,450,676 28,018,792 6,890,963 1,848,932 37,416,694 4,549,369 4,382.520 27,877,069 7,050,847 2,275,905 37,479,712 4,572,419 4,284,947 28,773,517 6,755,980 2,638,985 37,268,894 4,562,580 4,181,503 29,231,753 6,698,210 2,909,857 66 9,.. 37,336,367 4,319,706 4,039,918 28,062,164 6,953,215 2,518,036 87,710,851 4,272,347 3,888,185 28,759,049 7,452,563 2,432,073 87,720,460 4,276,761 3,772,781 29,342,596 7,413,249 2,708,196 37,901,080 4,267,626 3,696,097 30,178,518 7,185,670 2,758,852 64 9,... 38,603,871 4,249,035 3,608,870 30,679,259 7,100,258 2,499,139 39,260,028 4,247,817 3,534,880 30,549,587 7,476,603 1,939,449 39,458,384 4,247,688 3,295,862 30,106,135 7,418,482 1,935,014 38,937,612 4,311,704 3,369,194 29,171,283 6,504,758 2,158,007 37,516,520 4,339,252 3,874,417 29,531,559 5,768,558 2,770,129 36,250,402 4,343,242 3,296,685 30,117,527 5,953,809 8,014,229 36,295,644 4,343,988 3,185,042 31,059,644 5,306,809 3,018,727 36,482,058 4,346,377 3,078,921 31,021,799 5,448,124 2,559,868 37,143,937 4,357,021 2,706,953 31,888,763 4,707,278 2,363,548 8,... 37,157,769 4,357,076 2,649,283 31,549,339 4,645,712 2,313,744 Date. 46 22,... July 6,... 86 18,.. 66 20,... 66 27,... Aug. 3,... Loans. Spocie. 87,228,627 4,357,025 87,219,216 4,356,744 Due Due Circulation. Deposits. to banks. from banks. 2,621,098 31,648,959 4,914,425 2,892,278 2,596,115 81,293,830 4,868,495 2,065,913 37,250,665 4,359,543 2,556,855 31,466,204 5,116,692 1,820,600 35,936,811 4,360,745 2,564,558 28,504,544 5,060,096 1,961,814 34,866,842 4,360,003 2,507,258 28,701,818 4,784,848 2,580,552 84,662,966 4,361,999 2,482,986 29,931,608 4,580,322 2,981,867 34,517,347 4,227,448 2,418,463 30,448,480 4,805,045 8,034,009 34,390,179 4,187,056 2,417,739 30,799,448 4,963,290 2,772,717 34,645,243 4,112,013 2,380,720 30,513,961 4,740,391 2,538,096 35,890,179 4,112,542 2,353,396 29,959,127 5,161,573 2,158,440 35,296,376 4,113,809 2,292,607 30,195,167 4,551,031 2,219,071 Sept 7,... 35,773,596 4,113,162 2,258,306 30,654,672 4,574,037 1,997,534 66 14,... 39,575,410 4,108,115 2,223,533 33,626,702 4,997,015 1,801,678 16 21,... 40,175,698 4,102,701 2,224,632 83,039,035 5,079,742 1,802,889 The following is a statement of the amount of United States legal tender notes held by the Philadelphia banks at the dates mentioned: 66 10,... 17,... 66 31,... The following comparative table will be of interest, affording as it does a view of the bank returns, the bank rate of discount, and the price of wheat in London during a period of three years corresponding with the date of our last returns, September 9th: ber 9th, 1863: 17,372,545 19,296,460 18,731,259 8,446,572 11,225,978 9,069,188 13,649,402 17,611,538 15,345,488 per cent. 44s. 2d. Subjoined is our usual table with the returns brought down to Septem 4 per cent. 2 p. cent. 4 53s. 1d. 58s. 4d. Dec. 17... £19,932,360 £8,507,144 £14,033,994 £30,539,363 £15,031,658 3 pr. ct. 20,150,398 8,654,499 14,306,497 31,346.731 14,870,795 3 66 20,709,154 6,351,617 13.352,287 29,997,233 13,692,136 5 20,444,454 6,952,808 13,596,356 30,288,406 14,070,651 5 18... 19,916,496 7,413,275 13,769,276 29,890,503 14,589,222 4 25... 66 Mar. 4... 46 19,715,828 7,901,658 13,367,153 29,709,079 14,614,096 4 20,322,055 8,036,003 13,368,086 30,880,805 14,504,517 4 11... 19,801,665 8,673,899 13,282,605 31,096,327 14,328,178 4 66 24... Apr. 1... 46 8... 20,136,276 10,364,471 12,742,282 31,896,338 15,025,274 4 20,965,228 10,107,041 13,172,090 32,775,752 15,141,755 4 21,279,339 6,714,109 14,829,832 30,946,784 14,963,835 4 21,326,820 5,769,276 15,013,391 29,974,677 15,229,237 4 22... 21,413,226 6,316,413 14,739,897 30,182,533 15,387,151 3 29... 21,452,800 7,178,312 13,606,939 29,994,349 15,348,492 31 May 6... 21,376,999 7,241,739 13,122,087 29,718,602 15,141,760 3 15. 66 46 66 46 June 3... 10... 66 July 1... 66 64 13... 21,252,916 6,735,137 13,727,556 30,201,120 14,653,141 3 8... 15... 66 22... Aug. 5... 44 66 12 19... 26... Sept. 2... 46 FINANCES OF THE CONFEDERATE STATES. A LETTER FROM SECRETARY MEMMINGER. TREASURY DEPARTMENT, C. S. A. Hon. R. M. T. HUNTER, Lloyds, Va. : SIR: In reply to your inquiries about the finances I send you a condensed statement of the issue of Treasury notes, and of the funding operations of the Treasury. You will see from this statement that the funding has been eminently successful; and you will learn, also, that the amount of outstanding Treasury notes is still within the limits of the depreciation which I reported to Congress at the last session. My report then estimated the amount of circulation which the country could probably bear, at $150,000,000. The statement now made shows that the outstanding Treasury notes used as a general currency amount almost exactly to three times this amount. But when it is considered that a very large portion of these notes are across the Mississippi, it will be apparent that in the Atlantic States the estimate of three to one is rather over than under the mark. Two absorbents are now added, which will keep down the excess from new issues, namely, the taxes and the sale of cotton bonds, and when the tax in kind begins to contribute its portion to the support of the army, there is every reason to believe that the currency can be well sustained. It is obvious, from this statement, that the popular notion of estimating the value of the currency by a comparison with gold, is altogether fallacious; for, while the actual currency has only been increased three-fold, its proportion to gold rates at more than double that amount. The fact is, as you well know, that, situated as we are, gold is as much a commercial commodity as platina or tin, and its price is governed by the law of demand and supply. As I have already shown, in the report referred to, wheat and corn afford much more reliable standards of value, when their price is not controlled by some local obstruction; and, by referring to these, it will be seen that the currency has maintained itself at the ratio which the outstanding issues indicate. You will perceive by the statement, that, uniting all the various appliances for funding, there has been funded in bonds, $232,404,670; to which, according to estimate, there is yet to be added about $70,000,000 more, which are yet in the hands of the Treasury officers to be funded, making, in all, about $302,000,000; add to this $15,442,000, deposited in the five per cent call loan, and we have an aggregate of nearly $318,000,000 withdrawn from the currency. The result is certainly very favorable, and shows that the measures adopted by Congress have been quite as successful as any of us had anticipated. It is somewhat remarkable that the Yankee Government should have adopted exactly the same measures for withdrawing their circulation, and according to a statement published in Hunt's Merchants' Magazine, for July, they have funded, in call loans and bonds, not more than $200,000,000. These figures show that there is no reason for distrust as to our currency; and if, when Congress meets, you will address yourselves vigorously to measures which will all restrain its further increase, we shall be fully able to maintain our cause. I would suggest to you two matters for consideration One is, the export duty, which I proposed; and the other is, a renewal of the call loan for all Treasury notes, upon the same principle with the six per cent loan, which was reported at the last session. It is worth experiment to try whether, by allowing a deposit in the Treasury, on interest, we may not be able to attract and retain there all the Treasury notes not actually required for circulation. Very truly, yours, C. G. MEMMINGER, Secretary of the Treasury. STATEMENT OF OUTSTANDING TREASURY NOTEs, aug. 8, 1863. STATEMENT OF BONDS INTO WHICH CURRENCY HAS BEEN FUNDED, INCLUDING |