, 1877-09-23

An accountant who has done the figuring for
| number OF the Receivcrs.of broken savings bank
| in New York writes to the Sun that no saving
! bank can possibly exist which has deposits les
than 81, 600, 600. On any smaller sum the murgir
between the rateof interest paid and thar received
is too small to nay running expenses II per ccn
is paid deposltoss and 7 per cent received
from tho Investments Of depositors' money,
the margin available, when the dcposits
are 81, GOO. 600, for expenses is only $40, 600.
But, ''if the deposits" explains the accountant
'sare say, 800, Oc0, the income of per cent net
81, O0O-Till not pay clerk, night watchman,
scrub woman, and small boy. to sav nothing Of
redt, stationery, and sundries. II. BY the robbery
Of Peters deposit Of yesterday to pay Pauls draft
Of to-day, the bank kites through existence OF
few years, multiply the excess OF the expenditures
over its 81, 900 income by the number Of years OF
its existence, and it will need no Bank Examiner
to determine what its deficiency is and the conse-
quent loss to poor people Of the locality whzre the
1nisnamed savings bank existed To this Legitimate
loss may possibly be added cash items and other
waste paper which, in the reports to the bank de-
partmcnt, have been described 'othcr stocks aud
bonds.'"
TIE CONDITION OF THE STOCK MARKET
The depressing effect upon quotations of the
rumors Of Wednesday that strike was impending
on the Lake Shore Road possessed the ugly fea-
ture, the Herald remarks, ''of showing that out
side OF clique control the market has but little in
herent strength, and that it requires constant
watching lest values, like Longfellows tent-foId-
ing Arabs, may SILENTLY steal awny.' Still, it
seems probable that the market has a better SUM-
port to-day than when prices were at white heat:
the formation Of larger short interest was the
natural result OF the decline in pr1ccs and the bet
ter demand for delivery stocks is proof that the
theory is correct ~
COUNTERFETTs.
The description telesrapled from Washington of
new counterfeit 81 lega1-tender went asirny. No
such 81 counterfeit has been put into circulation,
The note referred to was the $50 counterfeit,
already fully described in this column. telegram
was received yesterday By Mr. H. ". Graham, of
the Gorernnsent Counterfeit Detector, from Mr.
John S. Dye, its editor, announcing that new
counterfeit s. note on the First National Bank of
Tamaqua, Fa,, had just appeared. It is declared
to bc the most dangerous note OF that denomIua-
tion ret Issued. The letter is not known.
BRITISH GOLD AND SILVER MOVEMENT.
The trade and navigation accounts from Great
Britain show that the imports of silver for the first
eight months OF 1877 over 214 600, coo sterl-
ing, as compared with eight and quarter in 1876,
and nearly seven in 1875. More than half came
from Germany, VIZ, Es. 500, 900 against 60, 6o0,-
0oO sent by that country in 1876, md f707 375 In
1875. For the eight months ended with the 31st
OF August over &c, oo0, 600 OF gold was exported
to Germany and over a5, 600, 600 to France, the
total to all countries being nearly Els 000 000 as
compared with total Of :e5, 700. 600 in 1875 and
ES, 800, 600 In 1875. The exports of silver
amounted to 60, 1856, 600 for the same period,
showing progressive increase over 1876 nud 1875,
the figures being respectively R4, 500, 600 and
nearly E3, 900, 600.
The London Economist Of the 8th inst, states
that Germany still is purchaser OF gold for her,
new coinage. 1t reports that ''Laree amounts OF
silver have arrived from Germany for sale, but the
price Iemalna steady e quoted at the close Of this