Jay Cooke's and Companies bank is not organized under the national-currency act. There have been several financial crisises in this country.

The person with whom money is deposited is called depositary, but the place in which it is deposited is called a depository.

Discount is quite a different thing than premium.

LETTER AND BRIEF.

20. Answer the following letter, and fold and brief your reply:

OLYMPIA, W. T., January 25, 1873.

SIR: Being about to engage in the banking business at this place, I am desirous of obtaining information on the points mentioned below. Will you, therefore, be so kind as to answer the following inquiries in a concise and explicit form?

1. What is the difference between an advance warrant and a settlement warrant, and between an ordinary covering warrant and a repay covering warrant ?

2. With what officers and others may deposits be made to the credit of the Treasurer of the United States?

3. In what cases is mutilated currency of the United States subject to "discount?" What amount would be paid at the Treasury for five-eighths of a $10 United States note!

4. Is fractional currency a legal tender? By whom and in what amounts is it exchangeable for United States notes?

5. On what terms is new fractional currency furnished to banks and private individuals?

6. By whom and on what terms are the notes of national banks which have failed or have gone into voluntary liquidation redeemable?

7. What is the mode of paying interest on registered stock of the funded loan of 18817

8. What is meant by the term "called bonds?" What kinds of bonds may be "called," and by whom, in what manner, and under what authority?

9. For what purposes are United States bonds deposited with the Treasurer in trust for national banks. Do bonds so deposited afford any security to individual depositors with national banks?

10. Within what periods must national banks make their returns of semi-annual duty to the Treasurer, and what is the penalty for failing to make return within the prescribed time?

Hon. F. E. SPINNER,

Very respectfully, yours,

Treasurer United States.

ADAM SMITH.

ACCOUNTS.

21. The Treasurer transmits to the Assistant Treasurer United States, New York, on behalf of the Interior Department, $1,650 in 5-20 U. S. bonds, $750 in 10-40 U. S. bonds, a check for $360 in gold, and one for $713 in currency, with instructions to dispose of the same and to purchase $2,000 in bonds of the funded loan of 1881, and $1,000 in U. S. Pacific Railway bonds, for the benefit of certain Indian trust funds. The Assistant Treasurer sells the 5-20's for 115, the 10-40's for 115, and the gold for 114, and pays 116 for the bonds of 1881, and 114 for the Pacific Railway bonds, paying a broker's charge of per cent, on the proceeds of the gold and bonds sold, and on the face value of the bonds bought, and depositing the remainder to the credit of the Treasurer's transfer account. State the Treasurer's account with the Assistant Treasurer for the transaction on the frame beneath.

HISTORY.

22. What is the "Independent Treasury system," and why is it so called?

23. What was the date of the approval of the "legal-tender act," and why is the act so called?

24. Give the names of the Secretaries of the Treasury since March 4, 1861.

GOVERNMENT.

25. Describe in the briefest and most general terms the functions of the Auditors, the Comptrollers, the Register, the Secretary of the Treasury, and the Treasurer in the settlement and payment of accounts.

26. To whom is the power to coin money delegated, and to whom denied by the Constitution?

27. How only can money be constitutionally drawn from the Treasury?

GEOGRAPHY.

28. Mention the State or Territory in which each of the following towns is situated: Tucson, Santa Fé, Olympia, Charleston, Carson City, Boise City, and Denver.

29. Where is the island of San Juan, and to what nation does it belong?

30. The Government contract with Adams Express Company does not extend westward beyond Omaha and Nebraska City in Nebraska, and Atchison and Leavenworth in Kansas. Which of the following places are within, and which without, the territory covered by the contract: Detroit, Denver, Kansas City, Salt Lake City, St. Paul, Santa Fé, and New Orleans?

EXAMINATION NO. 12-PROMOTION.

To fill a vacancy in the position of Deputy Comptroller of the Currency.

August 2, 1872.

PRELIMINARY.

Upon completing the answers to the questions, the candidate should note on the paper the exact time he has been engaged upon it and place it upon the examiner's desk.

The answers must be given immediately under the questions to which they pertain. [The questions from one to six inclusive, are the same as in the examination for admission.]

7. State in what division of the office you are now employed, and the character of the duties you perform.

ACCOUNTS.

8. The following were the resources and liabilities of all the National Banks in the United States on October 2, 1871. Make a balanced statement of the same in the frame beneath:

Bills payable, $4,528,191. 12; specie, $13,252,998. 17; premiums paid, $5,500,890. 17; dividends unpaid, $4,540,194. 61; notes and bills rediscounted, $3,964,552.57; three per cent. certificates, $27,502,069. 81; loans and discounts, $831,552,210. 00; undivided profits, $42,008,714. 38; current expenses, $6,153,370. 29; capital stock, $458,255,696, 00; individual deposits, $600,868,486. 55; real estate, furniture, and fixtures, $30,089,783.85; legal tenders and fractional currency, $109,083,150.98; surplus fund, $101,112,671. 91; United States deposits, $20,511,935.98; United States bonds to secure circulation, $364,475,800.00; due to National Banks, $131,730,713.04; due from redeeming agents,

$-6,878,608.84; United States bonds to secure deposits, $28,087,500.00; checks and other cash items, $14,058.268.86; United States bonds and securities on hand, $17.753,650.00; due to State banks and bankers, $40,211,971.67; stocks, bonds, and mortgages on hand, $24,517,059. 35; due from National Banks, $43,525,362, 05; National Bank notes outstanding, $315,519,117.00; exchanges for clearing-house, $101,165,854.52 ; deposits of United States disbursing officers, $5,393,598, 89; bills of National Banks, $14.197,653, 00; State bank notes outstanding, $1,921,056. 00; and due from State banks and bankers, $12,772,669. 83.

ARITHMETICAL.

9. How much gold, at 114, must be sold to purchase $213,350 in registered Fivetwenty Bonds of 1862, at 115?

10. The legal-tender circulation of the United States is $356,500,000. What is the amount of its depreciation relatively to gold, when gold is at a premium of 14? 11. $4.483. 43 is the simple interest on $143,215. 25, at seven per cent. per annum, for what time, reckoning 360 days to the year?

12. The population of the United States is about 38,500,000—of the Eastern States, about 3,500,000; of the Middle States, about 8,900,000; of the Southern States, including the Distiret of Columbia, about 9,100,000; and of the Western States and Territories, about 17,000,000. The amount of national currency authorized by law is $354,000,000. If the apportionment should be made on the basis of population alone, to how much national-bank circulation would each section be entitled?

13. A bank offers to discount a note of $101,515. 624, payable three months after date, for either six per cent. bank discount, or six and one-sixteenth per cent. true discount. Which is the better offer, and how much would be saved by accepting it in preference to the other?

14. The following is a quarterly report of the resources and liabilities of a National Bank in Albany, New York. Compute the lawful money reserve which it should have on hand, and state whether its reserve is more or less than the lawful amount, and give the amount of the excess or deficiency:

ORTHOGRAPHY, SYNTAX, AND PUNCTUATION.

15. Copy the following and correct the orthography, syntax, and punctuation: Up to this pint the effecks of, a paper curincy is substancialy the same wether

they are convertable into specei or not, it is wen the metels has been compleatly superceded and drove from cirkulacion that the diferrence between convertable and inconvertable paper begin to be oppurative. Wen the gold or sylver have all gone from cirkulacion and an equel quantety of paper have taken their place supose that a stil ferther issu is supuraded the same ceries of phenomena recommence prices raise among the rest the price of gold and sylver artikles and they become an object as before to prokur coin in order to convert them into bulyon. There is no longer eny coin in cirkulacion but if the paper curincy are convertable coin may stil be obtaned from the isuers in egschange for notes.

HISTORY.

16. Who was the first Secretary of the Treasury of the United States?

17. Name the Comptrollers of the Currency in the order of their incumbency. 18. When did the present suspension of specie payments take effect?

19. What was the proceeding known as "the removal of the deposits," and in the administration of what President did it occur?

20. What is the "Independent Treasury" system; why is it so called, and when did it go into operation?

GOVERNMENT.

21. Where must bills for raising the revenue of the United States originate?

22. To whom is the power to coin money delegated and to whom denied by the Constitution?

23. In what way only can money be drawn from the Treasury of the United States under the Constitution?

24. What only, under the Constitution, can the States make a tender in payment of debts?

GEOGRAPHY.

25. Name the States of the Union, giving the Eastern, the Middle, the Southern, the Western, and the Pacific States separately.

*BANKING, GENERALLY.

26. Mention the distinctive features of the Safety Fund Banking System, and the Free Banking System of the State of New York, and of the Suffolk Bank System of the State of Massachusetts, or, if not familiar with those systems, describe that of any State with which you are acquainted.

27. What are the principal features of the business of a bank of circulation and deposit?

28. What are the functions of a clearing-house for banks? Describe the mode of effecting clearances at the New York Clearing-house.

NATIONAL BANKING SYSTEM.

29. Give the dates of the approval of the National Currency acts and principal amendments.

30. State concisely the distinctive features of the National Banking System.

31. How much National Currency was first authorized; how much can now be legally issued, and on what security; and by whom and on what principle is it distributed among the several States and Territories?

32. Describe the process of organizing a National Bank.

* Omitted for lack of time.

33. How, by whom, and for what period is the Comptroller of the Currency appointed, and how and by whom can he be removed?

34. In payment of what dues and demands is National Currency receivable? Is it a legal tender in payment of debts?

35. What is the meaning of the term "lawful money reserve," and what are the requirements of law in regard to it?

36. By what is the rate of interest which a National Bank may lawfully charge on a loan or a discount governed?

37. What reports are Nati nal Banks required to make to the Comptroller of the Currency:

35. What are the requirements of law in regard to the surplus funds of National Banks?

39. What security does the National Banking System furnish to the holders of circulating notes of National Banks; and what, if any, to their depositors and other creditors?

40. What are the steps which the law requires should precede the appointment of a receiver of a National Bank?

41. For what violations of law is a National Bank liable to forfeit its charter?

PRACTICE OF THE OFFICE.

42. Should “premiums paid" and "expenses" be classed as liabilities or as resources ? Why?

B. Describe the papers required to be executed in organizing a National Bank? 44. Describe the course which you would pursite in making an examination of the condition of a National Bank?

LETTER AND BRIEF.

45. Write a letter to the Secretary of the Treasury, of not less than a page and a half in length, expressing your views concerning the National Banking System, and pointing out what, in your opinion, are the advantages and defects of the system, and fold and brief it.

1-Report of Chairman of Board of Revision and Appeal, New York, with Tables.

ROOMS OF CIVIL SERVICE EXAMINING BOARDS,
Custom-house, New York, January 8, 1873.

SI: In the belief that a full interchange of opinions based upon experience will aid in forming a fair estimate of the present Civil Service system, I am induced to make this report to you.

At no point had the defects of the previous method of appointment been more obvious than here, and the customs service at the port of New York had been popularly considered as the climax of inefficiency and corruption. As usual this reputation was very largely the result of exaggeration, and the incompetency and dishonesty of the few had been accepted as tainting all, but in any event it was felt that the new system would have as severe a test here as anywhere. My position as chairman of the Board of Revision and Appeal has given me an opportunity to notice the operations of all the Treasury Department Boards in this city, and my deep interest in the success of a Civil Service reformation has prompted me to fully cultivate these opportunities.

* Omitted for lack of time.