, 1877-04-05
DfLI.toNS IN IT.

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AasW1.-Thero arc two kinds OF billion. Ac.
coEding to the English system Of nuucsattou.
billion II million millions. In the French system,
tho billion lsa Thousand millions Tho word II
now generally used In the French sense on account
OF IT, great convenience, and the fact that thDro
seldom any need Of word to refer to 10 unusual d
sum ~ million millions. Whenever thato IL dali
ger OF ambiguity, 1t is better 10 avoid tho word md
eyptess at length tho sum meant
HANK ENBARRAseMRErs.
Banking institutions hsve great deal Of vitality,
but number uf them that wcto wrecked in 1873
nre now coming ashore. Tho failure Of tho State
Tank Of Harrisburg, Pa., On tho 31ht nlt., was
not unexpected. as II has been under suspicion for
several years. liz liabilities S1Go 0o0. which Ia
assets, mainly In commercial paper. will probably
not cover. lts atockhodess, who GRO wealthy md
responsible mon, with havo TO carry tho deficit.
Thu State nank Of New Brupswici, N. j., which
closed on tho SANG day u ita nAmcsake Of Harris
burg. dates !h troubles back to tho panic. aince
when It hns been carrying and removing load OF
bad papers. Iis liabilities, apart from capital
atock, arc between $500, 600 and $500, 600.
INSURANCE SALARIES.
At tho nnnual meeting Of tho Connecticut Mutual
l.lio insurance Company It Hartford on March n,
at which Judge Carpenter prcsilel. and the old
officers wcre n. .clceied ono or tho policy huldurs
preacnt brought up the matter Of ealarlas paid to
oalcera md employees. Tha explanation that was
nladp was reported ln the Hartford Couraas Tho
President 10 paid g. O00 tho Flrst Vice. President
Fl, goo, tho Second ytco President 81, ,.00 tho
Secretary s1o QUO. tho Secretary So OOo,
tho Second notwithstanding 81, 000 the Medical
1'xam!ncF g. 0p0.-a total Of officers salaries of
BAD, @oo. There arc th!rty'slx clerks and eH-
poyts, whose total pay amounts 10 SD, OIL Ii an
naa1Iy, making tho total pay-rol Of OIL.
ters, clerk, and employees $50, 41l. II. As
salary. paying institution tho Continental 'is
sarpsstc1 by nuulhar Of other companies whose
asseta are nut nearly largo. but that 10 kind Of
infcrior!ty policy .holders like to SEQ. The Con-
ncctIcut Mutual Is tho wcalshiust insuranco cou-
rHny hut ona In this country, but is salury-1st ia
comparatively smnll. II thcsu Falaslcs aro not
swelah by extra fees or allowances, tho COnnoctt-
eEt tcts tho c1tfavngant New York cunpaLlra the
fan.e kind Of example TINT Chicago gtycs To tho
protlisato Municipality In which thoy c1is, ,-au OK
simple Of cconomy and prudence.
TILE GOVERNMENT PuRCJtAsB or s1LvEtt.
The San francisco Chronicle rctnrns to its charge
that the circumstances Of tho recent purchase nf
1000, 600 ounces Of silver by Dr.. Llnderman
iaF fho Government ncols explanation It saya
that tho price paid by him for that portion OF tho
silver delivered TO tho San Fruncseo Mint was ono
10 one And = half cents an ounce nb1ve lts market
*ale, Wuen su0 l4t%CE NA4 V0Iy HGnk4 am tnkt Ing
price OF tho remainder has not been made public.
This purchase It declares to havo boon ,naao tho
owe hf lhu decline In Tho market, which was tlon
pusnly vt hand, and It goes 30 far to charge that
Dr. Lindorman has shown lavurltlsm ln hls inupcc-
tion OF tho bonanza mlncs, and In bis dealings
with the bonanza bank.
AN ANXIOUS STOCK MARKET.
Tho mining. Eaars market tu-dAY pyasonta very
IT, s.tes %sy E wsi' % dsnsd dn SiSSa .se' u
tsraay'a rates aro scarcely worth notlcins. Tho
elements for rtsc arc atrong, but II don't conc;
a ssoxsd All e.
Ing thclr stocks hypothecaied arc anxions for au
sss sasoss ~ IT, s0sE ae IN pe sa sas. I ss@S
already 5eid til yeas.-sa" JTsSst,ee Sa,'sits, ill.,
. ItFElNsuRANcs MANAGEMENT,
Sheppard Humans tho Life -1nsurance Actuary,
snggcats. In communication 10 tho New rork
1sm<s, TINT tho auditing Of the accounts Ut naus-
snce companies by professional auditors or ac-
countauts, a. IL aono IN Great Britain by nearly at!
corporations that make public statements, would
do much 10 restore public confidence aud pfuycnt
Encouragement In England the professional
suditors OF accountants ste a. rnle, msa Of skill
sud keen ssuss Of penonal md professional
honor. We fear, however, that lf Mr, uomnnas
, suggestion vera widely adopted, tho question
would soon have to b. raised in this more enter.
pFtsing county, "Who will audit tho Aadltossi''
FAILURES IN NEW ToAK IN MARCH.
Tho number of mercantile fa,1urea In New York
Ia March was twenty y'sevell. Tho aggregate assct4
Wefu SO64, b3l, aud thu liabilities y, BlA, COO.
MINING DIvIDkHpa,
The San Francisco NaissttM adds 10 lts l,st Of
mining. stock dividends made in tho last lea years,
znd already noticed by TMx TRIBUNE, aon,s
Waahoo mtno payments before lRu7, aud somo
other dividends made privately, Adding these, VIC
Lave total OF s1o., .a55 100 disbutsed BY eighty
nlnas stncu Jan, !, 1850. ~ folsowa;
Jan. J, 1860. to Dec. 81. 1860 ..,,,..$ 1:0, 800
Jan, 1su7. y ncc. 81, ls7g: 6S, B0a, 900
dan. l. ls77' 70 March n, 1a77...". 3,7s'2:. .o0
Total J.n. 1. 1850, to d.to......t t,o.. ..53, 100
There has probably bscn at least 3lo 0o0, 0o more
paid by incorporated mtncs during tha same In
1srsa! Vt which lhnsa - no aceess!ola record.
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