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FINANCES OF THE UNITED STATES. 



STATEMENT OF THE OUTSTANDING PEINCIPAL OF THE PUBLIC DEBT OF TIIE UNITED STATES, 



JUNE 80, 1876. 



The report of the Controller of the Currency 

 for 1878 contains full statistics of the reserves, 

 taxation, dividends, earnings, and losses of the 

 national banks, with a summary of their re- 

 sources and liabilities for each year since the 

 system began. It states that the total number 

 of national banks organized since the establish- 

 ment of the national banking system is 2,343. 

 Of these 49 have failed, and 207 have gone into 

 voluntary liquidation, leaving 2,087 in exist- 

 ence on November 4, 1876. During the year, 



36 banks were organized, with an authorized 

 capital of $3,189,800 ; 9 banks have failed, with 

 an aggregate capital of $985,000 ; and 33, with 

 a total capital of $3,030,000, have voluntarily 

 closed business by vote of shareholders owning 

 two-thirds of their capital stock. 



The following table exhibits, by months, the 

 issue and retirement of national-bank circula- 

 tion, and the deposit and retirement of legal- 

 tender notes, for the year 1876, under the acts 

 of Juae 20, 1874, and January 14, 1875 : 



