to banks. from banks. 6,533,786 5,446,155 6,518,107 5,322,089 6,632,905 5,139,978 Loans. Specie. Circulation. Deposits. 38,781.575 5,483,051 5,002,418 24,237,662 33,899,351 5,543.160 5,071,855 24,597,596 34,631,350 5,546,157 5,192,935 25,062,171 35,015,676 5,515,044 5,177,587 24,780,163 7,420,242 5,104,687 84,871,535 5,449,027 5,174,550 24,194,214 7,702,489 5,212,078 34,589,387 5,440,140 5,111,474 24,997,926 7,255,049 6,035,429 34.826,063 5,453,748 5,095,704 25,419,840 7,119,340 5,714,780 35,298,494 5,508,970 5,091,061 25,735,561 7,171,391 2,396,801 35,526,851 5,467,907 5,050,614 25,892,970 7,244,194 2,250,832 35,748,566 5,454,225 5,054,250 26,269,805 7,235,123 2,209,648 35,514,335 5,458,029 4,889,890 26,938,714 7,126,338 2,179,074 35,978,123 5,524,621 4,768,487 27,396,678 6,217,072 1,989,908 36,737,071 5,511,954 4,655,755 27,368,122 7,260,093 2,255,410 37,479,266 5,521,468 4,565,836 26,826,342 7,063,805 1,722,093 86,774,722 5,465,834 4,541,394 26,685,225 6,953,375 1,930,820 36,460,040 5,835,758 4,524,818 27,448,330 6,438,353 1,908,600 36,125,340 5,266,645 4,525,142 27,577,964 6,462,277 1,903,664 36,772,912 4,706,180 4,530,766 27,753,674 6,588,250 1,795,640 37,267,820 4,512,307 4,548,545 27,895,290 6,781,066 1,780,619 RHODE ISLAND BANK RETURNS. The banks in Rhode Island, out of Providence, make their returns monthly. We give returns for May, August, September, November, and December. Taking all the Rhode Island banks together, the following will be seen to be the principal changes: Nov. 3,.... Increase. -Banks out of Providence.- -Providence Banks. Loans. Circulation. Deposits. Loans. Circulation. Deposits. $7,006,849 $2,030,425 $1,194,416 $23,091,100 $4,264,400 $4,331,300 6,713,567 1,332,577 855,203 19,538,310 1,979,828 3,134,601 7,201,131 2,077,555 1,082,563 22,943,900 4,306,200 4,058,300 $487,563 $744,978 RHODE ISLAND BANKS OUT OF $237,360 $3,405,690 $2,326,372 $928,699 (Capital, $5,187,979.) PROVIDENCE. PROVIDENCE BANKS. (Capital, Jan., 1862, $15,454,600.) Loans Due Due from banks. $915,400 Specie. Circulation. Deposits. to banks. $19,356,800 $408,700 $1,889,600 $3,054,600 $1,099,800 19,238,700 402,900 1,890,300 2,899,200 1,071,500 19,160,600 394,700 1,756,500 2,899,600 19,160,600 394,700 1,811,100 2,950,500 19,087,700 395,900 1,814,300 2,915,200 19,109,400 394,800 1,784,000 2,762,200 18,869,800 396,800 1,879,100 2,792,700 18,920,500 407,500 1,791,200 2,924,400 18,953,900 405,100 1,973,500 3,030,600 1,131,500 1,598,800 18,998,600 408,500 1,848,100 2,946,800 1,108,200 1,484,300 19,148,400 408,300 1,879,200 3,060,900 1,085,000 1,407,700 19,360,500 411,300 1,857,100 3,078,800 1,021,000 1,165,400 19.641,000 417,500 2,102,000 3,124,000 1,115,500 19,719,200 416,600 2,036,800 3,017,700 1,081,000 19,644,500 408,600 1,953,400 3,015,900 1,020,400 1,063,200 894,800 845,400 Due ... Loans. 19,620,300 Specie. Circulation. Deposits. 413,700 1,877,200 3,123,500 to banks. 948,400 950,430 13, 19,538,410 417,378 1,979,828 3,134,601 Due from banks. 961,200 1,156,078 1,714,400 19,070,200 410,300 1,969,400 3,164,700 1,132,500 BANK OF ENGLAND, The returns of the Bank of England the past month show a further decrease in bullion each week, the same causes continuing to operate, though to a less extent: At corresponding dates with the present week. £2,779,652 The following comparative table will be found of interest, affording as it does, a view of the bank returns, and the bank rate of discount during a period of three years, corresponding with the date of our last returns received December 10th: Circulation, including bank post bills.... Public deposits... Other deposits.... Subjoined is our usual table with the returns brought down to December 10th: WEEKLY STATEMENT. Date. Jan. 1.. 8.... " 15.... 46 22. 29.... Feb. 5.... 12.... " 19.... "26.... Mar. 5.... 46 12.... "19... "26. 66 66 £20,818,190 £7,345,833 £15,036,062 £30,419,730 £15,961,439 3 pr. ct. 21,086,675 4,542,974 18,206,488 31,022,505 16,046,017 21 21,460,925 4,583,353 16,480,452 29,509,864 16,291,626 24 21,697,928 5,467,840 15,366,081 29,464,720 16,350,939 24 21,183,376 5,753,063 14,751,486 28,696,456 16,280,369 24 21,427,554 5,788,441 14,179,917 28,834,352 15,956,903 2 21,236,312 4,884,989 15,526,334 29,010,241 16,042,949 24 20,772,726 5,397,144 15,085,843 28,771,812 15,894,405 2 20,736,715 5,762,849 14,989,742 29,024,962 15,749,065 21,217,246 6,755,287 13,737,507 29,692,441 15,673,898 24 20,013,685 7,527,911 18,763,718 29,489,795 16,027,111 24 20,483,509 8,011,694 13,340,928 28,953,089 16,548,586 2 20,814,655 8,413,275 13,154,258 29,140,207 16,812,798 24 21,501,595 8,456,468 13,622,532 30,398,790 16,849,198 24 21,822,105 5,625,314 16,336,169 29,981,793 16,881,940 2 22,048,463 5,225,132 15,710,260 29,325,888 16,748,434 2 21,655,553 5,584,973 15,915.247 29,022,128 17,172,204 24 21,946,997 6,867,375 14,357,007 29,164,075 17,089,446 21 21,752,884 7,503,991 13,866,643 28,961,214 17,265,745 24 21,618,780 6,304,683 14,948,308 29,076,079 16,919,147 24 21,539,430 6,557,811 14,567,671 29,433,044 16,344,940 3 21,265,561 6,937,808 14,685,087 29,824.704 16,178,815 3 June 4.... 21,515,263 7,518,007 13,188,136 29,841,864 15,489,723 3 "11.... 21,329,641 8,825,516 13,156,662 $1,396,492 15,036,100 3 "18.... 21,076,059 9,322,949 13,085,271 31,342,547 15,268,453 3 25.... 21,172,057 9,629,594 13,399,245 31,424,661 15,909,638 3 April 2. 22,504.490 5,429,989 17,199.715 31,287,912 17,055,537 2 2222 17,611,538 2 22,079,890 7,508,882 14,865,006 30,106,295 17,678,698 2 Sept. 3.... 22,348,918 7,671,984 14,973,470 30,808,748 17,825,220 2 10.... 21,895,385 8,768,329 13,809,643 30,504,527 "17.... 21,610,987 9,074,279 13,733,905 30,700,116 24.... 21,300,731 9,268,106 13,825,230 30,874,552 Oct. 1.... 22,365,351 8,486,834 13,595,337 31,140,897 8.... 22,137,670 8,333,779 13,530,122 31,101,260 22,395,352 6,253,982 15,712,485 31,192,688 16,230,260 22,271,497 5,944,238 15,197,661 30,566,930 15,912,699 2 29.... 21,738,522 6,091,697 16,455,543 31,839,976 15,516,854 3 3 Nov. 5.... 21,878,952 6,271,105 14,797,889 30,788,184 15,425,810 21,234,960 6,928,047 14,738,147 30,605,289 15,389,523 3 21,080,182 7,354,390 14,004,015 30,372,843 15,164,571 8 20,675,944 7,390,865 14,376,780 30,531,585 15,018,993 3 20,554,545 8,195,360 13,649,958 30,464,758 15,009,814 3 10.... 20,116,003 8,490,519 13,579,489 30,451,472 14,828,063 3 WE give the following from the report of Mr. CHASE, Secretary of the Treasury, submitted to Congress now in session: In consequence of the extensive character of the means employed for the prosecution of the war, and the exigencies which have arisen during the progress of the war calling for unanticipated expenditures, the estimates submitted in July, 1861, for the year ending June 30, 1862, were exceeded by the actual expenditures. It will not be a matter of surprise if the estimates now submitted for the year ending June 30, 1863, are also exceeded. The estimates submitted at the July session of 1861, were based on estimates for an army of 300,000 men, and for a naval force quite inconsiderable in comparison with that found afterward indispensable. Congress increased the army to 500,000, in addition to special corps numbering over 50,000. In consequence of this the estimates for July required correction in December. For the reason that the President has called an additional force of 600,000 men the estimates for the current fiscal year must prove inadequate. The increase of the army, however, did not greatly effect disbursements between the date of the December report and the close of the fiscal year. The increase of debt did not, therefore, exceed the December estimate. On the contrary, while the estimate anticipated a public debt on the 30th June, 1862, of $517,372,802 93, its actual amount on that day was $514,211,371 92. This amount does not include unascertained claims, but only that debt, the evidences of which exist in the treasury, upon its books or in the form of requisitions in favor of creditors or disbursing officers. It is not probable, however, that at the date named, these claims much if at all exceeded the balance in the treasury, namely, $13,043,546 81. But while the public debt on July 1, 1862, did not reach the amount anticipated by these estimates, there is no room for the hope that the result of the current fiscal year or the next will exhibit a similar proportion. On the contrary, the estimate of the public debt on the 1st of July, 1863, heretofore submitted, must now be advanced, in view of the unexpected increase of expenditures, authorized and incurred or likely to be incurred, to $1,122,297,403 24; and on the supposition that the war may be continued with undiminished disbursements until the 1st of July, 1864, the debt likely to have been then incurred must be estimated at $1,744,685,586 80. The Secretary has endeavored to reduce the cost of the debt in the form of interest to the lowest possible amount, and he has thus far kept it within very moderate limits. The first loans, being of a magnitude hitherto undreamed of in our market, were necessarily made at an interest which he regarded as high; but large amounts are now obtained at five and four per cent, while the circulation of United States notes constitute practically a loan from the people to their government without interest. The average rate on the whole loan is thus reduced to 4 3.5 per cent. Whether a similar result may attend future loans must be determined partly by the legislation of Congress, partly by the conduct of the war, and partly by the condition of the markets. The statements for the annual receipts and expenditures for the last and current fiscal year, in comparison with those of December, must undergo modifications similar to those of the public debt. Both receipts and expenditures for the current fiscal year will be increased, the former by the operations of the tariff and internal revenue, and the latter by the exigencies of the war. The annual receipts for the fiscal year of 1862 from all sources, includ ing the balance of $2,257,065 80 in the Treasury from the preceding year, were $583,885,247 06; and the aggregate expenditures $570,841,700 25; leaving a balance in the Treasury, July 1st, 1862, of $13,043,546 81. From the receipts and expenditures should be deducted the amounts received and disbursed during the year on account of permanent and temporary debt, amounting to $96,096,922 09; leaving the total of receipts not applied in payment of debt $487,788,324 97, and the total of current disbursements $474,744,778 16. Both the amount of debt and the amount of expenditure for the last year fall short of the estimates. The actual receipts for the first quarter of the fiscal year 1863, commencing July 1, 1862, appear from the books of the Treasury; the receipts of the remaining quarters can only be estimated on the basis of appropriations made and asked for by the several departments. They have been and are estimated as follows: For the 1st quarter, the actual receipts from all sources, excluding loans and including the balance from last year were. $37,208,529 02 For the 2d, 3d, and 4th, quarters, the estimated receipts are... 143,286,816 58 Making the total of actual and estimated receipts dur ing 1863, from the direct tax.... 180,495,345 60 To this must be added sums already realized from loans in all forms which amounted during the 1st quarter to...... And during the months of October and November, estimating for some of the last days of November, to..... $114,458,821 02 85,670,895 99 Making an amount already obtained from loans to 1st of December of.... And there must be added, also the amount which will $200,129,717 01 131,021,197 35 $511,646,259 96 On the other hand For the 1st quarter of the fiscal year 1863 the actual expenditures were.. $111,084,447 40 For the 24, 3d, and 4th quarters the actual and esti- Making the whole amount actually expended or es- To which must be added the estimate for payment of principal of public debt during the year of...... Making an aggregate, for the purposes, of....... 672,834,841 78 109,418,032 30 $893,346,321 48 95,212,456 14 $988,558,777 62 |