, 1877-12-28
SAVINGS BANKS.
Loss to Depositors in the Broken
Institutions.
Statistics Showing the Shrinkage In
This Particular Business.
Real Condition Of Affairs fn the Central
National Bank.

AtA 81 rAs. t3nk h6
oa"As ~ ..0 s,y ua.S .,ta tas 49,, ~, .rn..n
pose.. .n,a.. 80 H.. ,nte,.nn.,. - d.,o.ltor
49,, sss.,n -. l.. - 1,,a,, -rth,...sr sws,,
w., ~ .s,...,.. ~. n,,,r,. r,rrot fo;, IN
e..,,s.us ~. .,ts,,,o, =, .t,dsn,. ~ oot,ttcs1
ss ""N ~" =. .,,a.. 49, n.r. yo- v..-.
tssa.at -. ,nto,,, n, ~. ,rsna.en,cn, II ..v,
,.s..,..,.,a.s. .t.. ..t, r... :. ns,,t,.- .,o,
na 1,sa.na '
~ .hs ,.,,,,x.n.. ~ ..oh foor,. ma man.
.-o,. ~ ,hs ,,nfortu,st. ,n.,,,u,tont ,ook na,.
.,'',,.s 49," =. ,.ta.a. .he,s .oaad,rr rcns,tt,,.
=. -. .,.s.s..ss .ss. .s,,s.a All hr ~.
s,'s.,,,.s~. ~ s.,. ~ H.. .ssi.....,. ..cur,v
~, -.h,ah ~ ,ha t,,,h ,tr,s. mi .von su,,.r.
o,,.n, e., ,ha ,sr ~ s.n..n,hcr Is7a thov l,aa
ttn.n"a ,,,o,- ,,o,.v ,rn,. howorrr !. trn.
.o a,nIs ..s. ~. .1,.,,.shts nara,,,on ~ ,l,s
aof,n,, tn.,,tr,,on. No. mt aim. thc re,tt NJ
~. ,nn.nn,stta, -, ,,,, a.,.,. ,ha .,r1,ns.. ~
.,.ar. .1,,sh, +,,.-,, .t,r,r,os ~ m. xoiuc.
os,," stn.s "n..,,,r,,s. wh,eh for
s.a,. ~, nnst hnrs snr,,nv IN WIN Ma .nte,, of
tea's paet ua'e es'une ~ W.. ~
Jonans goufas ahd alco OH "1Ln tHe faPlults
Of sant1tlcs lH an carly summers night. There
arc rnany individuals OF elegant ieisurc floating
49,. 49, ,.,.s, 49,. ,a,. ~. tnstro .,,rtt.
res t"e .tae "''s!' 'ae: metc tao ieaa,"s tp1'ss
tn organizations Tor ocisdlnE railways IRON pane
stumps to swamp mulholcs, for erecting facto-
RIGS siestincd to extract sunshtno from eucun.
r.r. ~ ,vork Mont. christie 1o,l,mtnr. I'm ,hc
..s ~ ,,,,.s :, f,.as ~, Ta,oes.,a ~. .,oc,
e.ae mus =. eaa sma ~ eo.t ID
Their 10 per cent bonus, coupons payable half
vpar'v. were regarded In certain ouartese As de-
strnhio co,totrrst. for untlm,,cd h,,n.. Thera
were 1osnt-stoeH compah Tor retaining 'ahas
for uno months in the year Under Natcr; 1850
ctatuns for building cities and ports, where. Ia
| thn nature Of tl,tnpa tlstl,e.smack md a lo4.
tavern "%a'a 1of aeentury 10 come Supply e'l
tho commercial necessities Of the place tnefo
were reale5tatc spcrulnturs who planned boulc-
Yards and narks mi,e. from any human
sa,as " sHs 's ~ I'm. ~ 'ho .r.
Aaoi's.'o"' ,,. pa.1 y" .ns ~"
| fouhalhR property AZ pf'ces esnaha9eus oi ue4ecee
aboyo fts actua' value. laid out "add!tlohs +"
| lahoruc. man. md un manor figured thc,uselses
.,,,t"tu Iua va p"rs. .s.t",, r. ~,
out a. ''l'l',onal'es' 1as'' susseusu !" ~
Ting auas,
| needed money. and tl,cro were mllIons In tue
| sarfnra nnd an,fne ntner HANKS
rns COMPETITION
PC osits its was for W Yeats % ot Tie kccacst chsraetcr
ri,n intf,Iremcnt ri d mar cent luterssr WAS led
out to ihe worklnR,ncm 10 come around every
Saturday an. deposit tho residue Of their hard
ilal HI Ieen attenIe,i to. TEe pcr cent m M interest
WAS cfar1eI IN on lis puss.bouks at tha and Of
each hnlt.ycar, thus practically allowing cotn.
nound intcrsst. csti1natri al tlu r,,I of each
s,x months. Nll that tic bank could expect to
realize On )oaninc tllrsp deposits was 10
per cent: though, il, uauy cases, mortgages Tor
|arra auloupts were played 1t . to @ pur cent,
Tho hanks wsrc ohIfTcd to carry from l5 t0 60
ner rnnt II their tIerus[,s IN tlotr vaults, nt
ialty worilIno fund, ard on this they secured no
profit whatoYer, Hence, taking tho average on
tho husIncss DUNG, thoro was bars margin of
4 mr. rent nrollt ont OF which had IA be
nala taxes clerk lirc. and other expenses, 4
ank Win a depostk limo Of 81, zoo, ,Q00 Could not
in the nature Of things realize morc than
xa0. .DU1 oross profit ner unnum. Tho loss of
two or three PIECES Of paper would make scri.
Qua [nroatl tl,to tll!e sum and Ia the event Of
| panic, apJ. The conssqucnt tumble In vnlurs,
| profits Of years would Inevitably cnsuc. This
| r.. hcen the cxnrricnce of all the anrfnrn bnnks
| NHr =.
| Xn mH. - | "a, ~ II. d.nr.lSs ,xHra ornr,if,G IL
| sH s,sa,.t-cn NV .,,,.aE i,v tEo anr,hIt, .,,sh
| - -..J ,.t,to r.lun. mi sacnrI$}ns hautnn
| - -. .s.st, =. :" -. =.
Motau. .at ~ ~! oas.s' x. .4
nivsn
ts an example Of what can be accomplished by 4
| aec,trffv which cniists that afforded nv rcA
sRtstc In tim attt,l,rhA nf lastn cfttrH Th{a con