New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-03-29

The twenty eighth annual report of the Missouri pas
Railroad Company shows the gross earnings for the v..
ending February 49, to be 2ll53i an increase oye,,,
previous year Of tl993a The net earnings were ts,
At meeting Of the bank officers in this city in MARI
1855 committee was appointed To confer with ALI ~,
City banks connected with the Clearing House and -
invite them to unite In written agreement 10 d.,
time the practice Of paying interest deposits Pov
Of the forty six banks signed the agreement "no, =,
allow interest deposits or balances OF any kind Elm,
directly or Indirectly and afterward those Of the @r
other banks came into the arrangement leaving anor
The committee appointed to prepare report on IN,
matter say 1.-THE practice OF paying interest dsos.s
In NewYork rs operating continually process Of On,
hauston Of the specie legsl tender strength Of us
country. No bank. in the opinion OF your CUmmI,,es
can allow interest deposits, payable demand vn
out damage aliKo to itself and to the public
borrower and that il is not one Of their legitimate n0s
tons to disturb the natural current OF trade by borrow
1g st ons Pee 20 ena N nsner such
having borrowed money on CALL with interest," are CON-
is dused throughout the entire community causing HI.
unnecessary rise and fall in stocks the imitation or con
traction Of market and sggravates the mutt
pied evils, both financial and moral Of tine steei Ex
change" Such were the opinions OF the BANKERS Of s
G Ssyns twelve Si Interest," on ssoo e Ne
bank has an average, say Of 100000 Of deposit,
and required Sy TO ea Of the
the daily exchanges 1t must practically carry one
third, $685. leaving the amount loanable Of sS1.
Taking chances Of rate into view 1t fair 10 ea-
culate more than an average Of per cent t4ooo.
The United States Revenue tax per cent on the whole
sum- $780, and 1t will cost bank 10 do the business 10
clerk hire and other expenses at least per cent 5000
which leaves a net profit on 100000 Of deposs q
$4,000 or per cent. Consequently bank that pAys
interest on deposits can make nothing By tho
business and only dsurbs the regular current Of afas
on bonds and stocks large portion Of the speeu..c
80 rulnous to business and denorazng TO the connu-
5 TSs as Fl e sy snd on
troler of the Currency, both seeing this have recon-
serve" of the banks consists OF per cent Oeraea.e
This is true in part but 1t shows that the Government
giving rss 70 Inc Upon vms
enables them to continue the practce OF paying Interest
on deposits
The Chicago Tribune thus refers ITO the St Paul and
North Western Railway Companies:
pretty well understood that the scheme Of We 81 Pal
ene,r Of Director. composing u. ssI
keep themselves see ave years and could alex %. AZ via
Ss rot o 81 is q. P. M %
SSs ss 81 S s through hs The ~
the woodbns twne,b" The evidence Of the ntesa e
ssI sas' Of tie s'' Sgh@sa Rsa caSS
than T. s 81 f pA'i clique TS?''a' Director D'' ~:
Mr. Tracy Who carries the DIRECTORY Of the Roel ,od Railroad -
.sot @ eoSoss he So;.
f.. Si .: 3:
sylyua C.D.ra the mos, powsrfa Sss.a.s toe ~s's s
%sVsI ~ the sse control d. Roei .od Rso.
make . 'Ss tSiS pe Of s
stocks during the nett month or 80"
The Neto. Orleans Times OF March % says:
We ISsd TO learn th. Mr. G.ae. Freshest Of n. cessr
Of the STATE has negotiated the ,asss
Of ID, Issue Of The State eight per eeusS7 oo 90
Mees Hunt Mae., Of this city acting for g.I'':. . Ne,
September months Interest -
deducted, make them sqGe s 70 JSy s'sD.n 90 The S; ,. .ss
$50 which hardly fail TO give general sseon The more 10
as Of the charges By
mis.ons in visiting cities. perhaps crossing 'Ae A,Dss
for purpose efepg acceptable negoou The esre
authorized by the Legislature 5000 900 but understood that ne
prompt and successful negotiation Of this ? co 81. ave The
further The entire Of ste Eight
sill be 5000 composed Of the 8 90 asdr
act 81 1861 and due 1896 present payable ls
Am other state bonds hear per TIE eject Of
negotiation has been exercise active demand idTeet
rates for levee certificates Of Indebtedness
We lean that MessIs. Sterne Bros the NevYofII
bankers who have taken the OOO0 above referred 10
for foreign account.
The amount unnage which entered the Port OF San
Francisco in 1869 3737 of which %io5i was Amen-
can15 cent. In 1900 10 per cent was American; 10
The expenditures Of the City of Milwaukee OF fhs
lice Municipal Court salaries, printing City Hall DC.
for ordinary purposes, for 1862 were s05s &C. Cash IL
hands OF City Treasurer, s225Hi S. Amount OF city
debt June 1861 1863 222 81 Amount o. city bonds ~
ness bonds have been issued by the city TO the hnwa
kee and Beoit and Milwaukee and Superior Railroads o
the amount OF $4,000 TO each Company. These bonus
are considered worthless.
sas2 1859 1862 s,4s 400 Inc. sniO
A man this afternoon purchased $500 FlvetNenues
of Messrs. Henry Cews Co. In about 10 minutes her
he returned and requested the numbers OF the bonds %
chased showing cut In the breast pocket or MS coal
from which adroit thief had skfully removed tbs
bonds. There is no clue TO the tbief The tne1tHSP'
posed to have been committed in Broad or Wail-sts.
TABLE Of the Acreage Amount OF Loans. Specie, Cvraa
ton. Deposits, and Legal Tenders an ne Bdnks o. w
Cityof Neu- York for The reek ending Saturday MAJ"