, 1880-02-14
been aent to Washington by tho savings bhnks


Of Illinois: ......
I,y tho lava c1empting savings deposits from I,
tho fntcrnnl-reyente tux, Ra construed by the
Treasury Department, savfnys banks orS"ntz"a S
othof etatcs hnya fnilc'l /" "l'tnin ricf froII
tho .eai fay, while Tho eavtnas lninka 'rsMtizea
nnt5 thG aw. o. cGr "or ;hnrefr H,nrcf n'e '
The exnetion IT tho Tux ln lurst1nn t!f nl her
cent per nnntml lessens hy "nerrs|n"lms ,s !l.ss
i,rsi utnler tho lnwa Of 1lno,, now heral,y jn f
With thoae of other t Stntes 9r, tins s',,I snf siscrfn
t|r,,: ard We, with theu, ta hus,lIy pray y9,,r
hnnnrnhIc bNllca tu l*s tfe 'l & ;,"w ~ rGIM3 ,Int.n
~, Ut, ril,nllty with ,hsHi, Ut n,ior stnts. which
bil Mns introduced y leprtsrnt,nttyc, t y, Sowbesfy,
IT Miehgu atl e kn.w', x,asxi,. e y, Il HaaK S1
IlInE1iS1As SAYINGS HAsK,
ittISnls ,ri.usr 4 HAv1Nns DANK.
rRAtHTE STATE LOAN & TNuBr Go"
UNION THusT COMPANY.
CESr'r I'LL. Trk0 & SAv'u lKsr.,
I1SCut.H SAv'GS. IA.AN s. T. Co.,
ltt.lNt,ts TRUST COMPANY.
The history Of auyinya-bahk exemption Is rs
fulIu,ys; The first Inv exempted tho 1eposts of
tho strictly mutual snrings.bn1'ks o1iyt-thsse
having uu cnpItn,. In 1874 II now lhw WINS IN.
nnt,Yl extending tho exemption to ttttne any,
inua.bauks having shnre-carltal; provided
a,irh banks pnIl not less than 43i Ttcr cent per
u,s.,n, to their t1eposit0rs, aAd besides this.
divided among ton MI surplus rrn3its nvcr n'it'
n,syo llcr eeiIt per tlnn,sn Interest of1 euei'
cnpttul, 'rh1s wUrkpd fairiy for nwhtic. bects'se
Mi euyiuHs- hanks could pny tt1r thought they
cuutt1 my tho prescribed ~ per cent. Hill
jntcly sIucp IL hns become evidently Impossible
| tn nay that r1,te, tho REArc-cnpltn bntiKs htttt
| fallen out OF tho exemption 11lsiks tby I'nyitlp
| less Than tho ~ per cent, while tho purely
MUTUAL lnat,ks. not being subject to nny s.let
limit, hnvo uone on enjoying tho exemption
,rt,us tho very circumstances which lessel'ct
| tf1otr ltu,vcr to Imy Interest liHsc t'crensc'
,ho Government exntEon uf tux. Tho Law
Inns IN effect sntd 10 them, "H ""
curn AZ pcr cent yo, Gun pay 1t atl to YOUR tle
posttors, rntnxcl; II you cnrn ohty per cen
ypt, must py us 4 per cent. leaving lust w I,c
cent to dIylte." Now II hnppcns TINT III Mteht
ga,, by State Inv. and III ]llino!s by general pr''c
tlcc, Swings hanks curry II shnrc-clpital. Ifesc
fore, they feel this nnerEn1o!is sttite nt tic s1tw
very kcenly, asd tho tccllAg has res'1'tc III I'll
| nrcmrutIou nI,,i intrn',lctiUM Ut Nj. Newsmrry'
| l,ll which. eitur entire Or with suno n'Otllilca
tlons, will proDably becoma u Inv.
Enrnings nr tho Mobile s. Ohlo liond Tor tn
nrs1 week In Fcbrnnry show IN icresso q
Sg,2IU; earnings from Jun. t0 Fob. Bhn'f
un, Of $5s:s. earnings Of tho Wabash ltontl 10
,Jan.1ury show an lncreNsa OF Ssa9+ss5o' chrn1na
Of tle st. pnui s. Sioux City Honl for tho fn9ltt
week III january show Il Faln OF $b,Ss'' anu II
sho ,uonth nit tucrtnse Of s1l,s53: 1ncre,IsC
f.,rnus nr tho st. Louis e. Sun Fr7lncisco Ron
for tho first week tn February ure $.1.H0. I'll
! ! uross crru,ngs of the New Yorttt Lake ErIc
Western Hallway for December arc reported
sl,:.s],tpo. .-.-. .....-....-,.
The following Ia aynopss OF tho annual n
| mort pf tho Delaware & Hudson: