t ESTIMATE OF TOTAL WOOL CLIP OF THE UNITED STATES IN 1866. Yielding about one-half pure wool, or say. 68,500,000 The product of 56,862,234 lbs. foreign may be set down at 40 per cent. clean... 22,744,913 91.244,913 There are in the United States about 1,600 woolen mills, containing about 6,000 sets of carding machines, capable of consuming annually 170,000,000 lbs. clean material. DEBT OF NEW YORK CITY AND COUNTY. The following statement taken from the annual message of the Mayor of New York, will show the aggregate amount of the City and County debt, and the particulars in relation to it: Debt of the City and County of New York, Dec. 31, 1866. CITY FUNDED DEBT. Water Stocks-Issued on account of introducing the Croton water into the city and distributing the same. Central Park Stocks-Issued on account of Central Park and the improvement of the same.. $10,782,800 00 9,923,571 00 402,768 01 Fire Indemnity Stock-Issued for the payment of damages for blowing up build- Building Loan Stock--Issued on account of building workhouse on Blackwell's Real Estate Bonds-Issued in settlement with State lessees of West Washington Floating Debt Fund Stock-Issued for liquidating and funding Floating Debt Public Education Stock-Issued for payment of debt of Public School Society Volunteer Soldiers' Family Aid Fund Bonds-Issued to provide for the families Volunteer Soldiers' Family Aid Fund Redemption Bonds-Issued to extend the time of payment of Volunteer Soldiers' Family Aid Fund Bonds, No. 3 Volunteer Soldiers' Bounty Fund Redemption Bonds-Issued for redemption of a like amount of bonds for payment of bounties to Volunteer Soldiers... Total Funded Debt of City. 190.000 00 1,133,437 50 500,000 00 2,748,000 00 154.000 CO 51,000 00 3,766,500 (0 500,000 00 490,000 00 $30,642,076 50 COUNTY FUNDED DEBT. Harlem Bridge Bonds-Issued for erecting a bridge across Harlem River at County Court-house Stock-Issued, as its title indicates, for the erection of the Soldiers' Bounty Fund Bonds, No. 2 ....... $2,000,000 00 946,700 00 4,000,000 00 376,600 CO $20,000 00 1,800,000 00 745,800 00 -8,069,100 00 The above were issued to provide means for the payment of bounties, and 1,200,000 00 620,000 00 -1,620,000 00 11,210,298 11 $30,901,878 39 Total.. The Commissioners of the Sinking Fund hold on account of the above debt the sum of... Net amount City and County Funded, December 31, 1866... Of the foregoing debt it will be perceived that $10,782,800 is for Croton Water works, $9,928,571 for Central Park, and $14,445,600 for expenses growing out of, and connected with the war. TEM RARY CITY DEBT. Revenue Bonds of 1866-Issued in anticipation of collection of taxes of 1866.. TEMPORARY COUNTY DEBT. Revenue Bonds of 1866-Issued in anticipation of collection of taxes of 1866.... For the payment of this Temporary Debt the city holds assets in the shape of assessLent liens, unpaid taxes, &c., &c. The net amount of funded debt is $855,996 less than it was at the close of 1865, and the City and County Temporary Debt is $1,659,700 less than it was at that date. The whole debt is well secured, for it is a lien upon the whole property of the city, both public and private. The Sinking Fund (provided for the payment of the principal and interest of a large portion of it) is in a sound condition. The revenues for the payment of the interest on that portion of it payable from this Fund are greatly in excess of what is required for that purpose, and the accumulations for payment of the principal will be ample to pay it long before its maturity. BOSTON DIVIDENDS. We are indebted to Joseph G. Martin, of Boston for tables of Railroad, Manufacturing and Miscellaneous Dividends, payable in that city in January. The railroads show a profitable year, their dividends in many cases exceeding those of last year. This is probably due, in great part, at least to the decrease in the expense account, by reason of the lower charges for wages and railroad material. On the other hand the exhibit of the manufacturing companies is not so favorable, although many of them are still dividing large profits among their stockholders. Below we give the dividends for this year, adding also, for comparison, those for the previous year. CIRCULAR FROM TREASURER SPINNER. The following circular to certain collectors of customs, receivers of public money and others, was issued by the United States Treasurer the past week: TREASURY DEPARTMENT TREASURER'S OFFICE } In order to realize with the least possible delay and expense the receipts of revenue derived from customs, sales of public lands, and from other sources, collected at offices not contiguous to an assistant treasurer or designated depository, and to facilitate the necessary disbursements of the Treasury, it is important that the Treasurer be kept duly advised of the amount of money in your hands. To this end you are required to render in this office a statement of receipts and disbursements at the end of each calendar month. This statement must be made out and remitted by the first mail of the succeeding month. Any neglect or want of promptness in this particular will be noticed by the department. In these statements you will bring forward balances from the last account, and place thereunder, to the credit of the Treasurer, the amount of all moneys received since the previous return, if any arranged, when transactions are in more than one kind, under separate columns for coin and currency; to his debit, arranged in like manner, the amount of Treasurer's draft made on you or on other officers and paid by you, and the amount of any deposit made by you to the Treasurer's credit with any government depository. The number, amount and date of payment of each draft will be given; also the date, amount and name of depository with whom credit has been so made Deposits of coin for customs receipts, under law, cannot be made with any national bank. No debit to the Treasurer's account will be allowed, except for drafts or deposits made as above. All drafts or vouchers, properly endorsed and cancelled, or stamped as paid, must be transmitted to the Treasurer, with the account current on which they were entered; such charge will not be allowed until they are remitted. Care should be exercised in having all drafts properly endorsed before payment. General powers of attorney to endorse must be on file, either in this office or with the First Comptroller of the Treasury, and special ones, for a particular transaction, must accompany the drafts. Companies or banks must endorse by one of their legalized officers, or by their attorneys aforesaid. No guarantee of any endorsement, nor stamped endorsements, will be recognized. As a matter of security against loss of drafts in transmission you should take from the last payee a receipt for the amount of each draft paid, rehearsing number, date, amount and name of original payee. Should the Treasurer direct you in writing to make payment of any of his drafts on himself, or on any Assistant Treasurer, United States depositary, National Bank designated as such, you will pay them if you have sufficient funds on hand the same as if made on yourself, and remit the draft, endorsed "for credit of my account," over your official signature, to the Treasurer of the United States, at Washington, where the amount will be credited, and certificate of deposit or duplicate issued and forwarded -original to the Secretary of the Treasury, and duplicate to the payor of the draft. F. E. SPINNER, Treasurer United States. EXAMINATION OF TREASURY DEPARTMENT-COPY OF THE BILL ENFORCING THE SAME. The following is an exact copy of the Senate bill enforcing a periodical examination of the Treasury Department, with a view to securing that publicity which is indispensable to efficiency and responsibility on the part of public officers": Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That immediately after the passage of this act, and in the month of December of each year hereafter, the President shall, by and with the advice and consent of the Senate, appoint three citizens not holding any office under the Government of the United States, who are eminent for integrity and ability, and who are hereby authorized and directed to make full and thorough examinations of the Treasury Department, and such other departments as the provisions of this act may require, and present duplicate reports to the President and to Congress in reference to 1st. The receipt and disbursement of public money, including expenditures, in the several executive departments. 2d. The actual amount of money in the Treasury of the United States, specifying whether in coin, United States notes, or national bank notes, the amount of each, the several funds to which it belongs, and the amount in each place where public money is deposited or held. 3d. The amount of money deposited with designated depositories to the credit of the Treasurer, and the mode of managing and securing the same. 4th. The amount and description of bonds deposited in the Treasury by national banking associations to secure the redemption of their currency. 5th. The manner of paying interest on the bonds of the United States, and the safeguards against the duplication or counterfeiting of coupons. 6th. The sale of gold, and the purchase and sale of bonds and other securities of the United States, rates of purchase or sale, and the amount of commissions paid and to whom paid. 7th. The engraving, printing and issuing of national bank notes, United States notes, fractional currency, bonds and other securities of the United States. 8th. The redemption, cancellation and destruction of national bank notes, United States currency, bonds and other securities, and the mode of disposing of imperfect sheets of paper intended but not used to represent value. 9th. The manner of keeping accounts, auditing claims and issuing warrants for the payment of money from the Treasury. 10th. Any suggestions or recommendations affecting the efficiency and security of transactions in the Treasury Department, or economy in the public expenditures. SEC. 2. And be it further enacted, That for the purpose of the examination authorized and directed in the preceding section, said examiners shall have access to all the vaults, safes deposits, books, records, letters and other documents in the Treasury Department, sub treasury, or any bureau thereof, and shall have power to summon witnesses, administer oaths, and employ a clerk and stenographer. SEC. 3. And be it further enacted, That said examiners shall each receive ten dollars per day and actual expenses, during the time actually employed in making such examination and report; and for the pay of said examiners, their clerk and stenographer, and for their actual expenses, there is hereby appropriated ten thousand dollars, or so much thereof as may be necessary, out of any money in the Treasury not otherwise appropriated. Passed the House of Representatives January 28, 1867. NATIONAL BANKS NOT AUTHORIZED TO ESTABLISH BRANCHES, OR TO BUY COMMERCIAL PAPER AT MORE THAN SEVEN PER CENT. Some National Banks, in as well as out of this State, have been in the habit, when they had the opportunity, of buying good paper in the open market at 8@12 per cent., while others have considered that they had the right, under the law, to open branch banks in other places, and have done so. These practices, we are informed in the following decision of the Deputy Comptroller, are unauthorized. This decision, however, is not in accordance with the opinion of some of our best lawyers. TREASURY DEPARTMENT, OFFICE OF COMPTROLLER OF THE CURRENCY, SIR-I am in receipt of your letter of the 7th of January. Sec. 8 of the National Currency act confers upon national banks "all such incidental powers as shall be necessary to carry on the business of banking, by discounting and negotiating promissory notes, drafts, bills of exchange and other evidences of debt," and closes with this provision: "And its usual business shall be transacted at an office or banking house located in the place specified in its organization certificate." As the law confers no authority upon a national bank to establish a branch, or to carry on the business of banking at any other place than the one where it is located, it must follow that all such banking at other points is irregular, and in violation of Sec. 8 of the law. Such banking is also in violatlon of the provision of section thirty, which restricts national banks to the same rate of discount or interest allowed by law in the several States where they may be located. National banks have no authority conferred on them to "discount or negotiate notes" otherwise than under the restriction of the thirtieth section of law; therefore a New |