The National tribune. [volume] (Washington, D.C.) 1877-1917, 1883-11-29
OUR GROWING COUNTRY.
Its Industrial. Commercial, Railroad,
ana Agricultural Development
FINANCE AND TRADE.
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Business Centers.

annual f,aport states that 252 banks have been
n.zeG Curing TIE year ended November i,
lass with an aggregate authorized capital o.
s2eC5ss ESQ This Is The largest number OF
banks organized in any year since 1865. OF
these icw backs foriy age ia the Middle States
ana sorty-six "a the Southern States. Forty
banks wih aggregate capital of S1.135,G0j,
have voluntarily discontinued business during
rac wear Two national banks have been placed
III the hands OF re, cicers, making elghty-nlne
IL al s.ncs TIE establishment OF the system.
The total number OF national banks in opera
tian ca November / was :, 49, tAe largest num-
ltr ever in operation nj one time. On October
. lSs.l MARYLAND national banks had capital
OF Sla 2(lS $50 and circulation Of S, GSo, Go.
The natiolal banks Of the State Of Massachu-
sells have the largest capital and circulation,
s3sGe2 900 ca,fial and 765,399 ,557 circulation,
and the state of New York the largest amount
OF leans ana discounts and individual deposits;
wllile Pennsylvania. with less capital, eircula-
ton and loans has S55.52G, 600 more Of igdivid-
NJ. dci,0si.s than Massachusetts. The banks TO
expire during 1854 number 2t9, with capital
Of s9.eIl510 and during 1850 number ~, with
q capital q SiS5,936,7l5. More than one-h2if
Of the bonds Row held by the national banks
are three per cents III the public debt con-
tinues 10 be paid as rapidly as il las been dur
ing the past year, al OF these bonds viii Ger
fainlv be called in within the next three years.
The interest bearing funded debt Of the United
States was on November j, 1888. 81 ,2l3, 412, 40
The total amount OF bonds held by the national
hanks was S3se sSi,3tl, and by state and say
ines baaks S2li 1899.
Thomas j. Dudley, American consul ct Liv-
er.iool during the war delivered a lecture III
Ne.r York. on the Dist inst. on the System Of
American Protection lie sad the great
agency that England was now employing 70
rnin the American protective system was the
Golden Club This club dominated free
trade literatgre IN this country and attempted
TO interfere directly IN the ciect lons- IL has
awarded medals for fTee-traae essays to har-
yard. N..le ana Nassar Colleges, and Tie proies-
sors uf political economy in y ala ana Williams
COLLEGES were both members Of the C0hlen
Cub lie did not knoH th3t these professors
were paid bv tie Golden Cab, bat as a laws eT
he did not sfmself feel disposed 10 work for
nothing. and supposed that they did Lot.
A new telephone company, to be known as
the Pan Electric Telephone Company, was
organized II Washington, D. C., on the I'D inst.
with the following officers President, General
J0segh H. Johnston. 0f Virginia; ylce-presi-
don't. Senator Isham G. Harris of Tennessee;
secretary and treasurer, Hon Casey foung, Of
Tennessee: attorney, Senator Garland, OF
Arkansas: electrician. ]. Harris Rogers, Of
Washington. The company. which IL organized
under charter from the state OF Tennessee, with
capital Of s5e10.000, is the owner Of several
Of which are telephoaIc transInltler and an
automatic teiegraphic repeating apparatus The
inventor Of these patents is }. Harris AogeEs,
electrician Of the company.
A largely attended meeting OF the Boston
Pank Presidents Association was held in Bos-
ton OF the 22a inst. at which the subject The
Promotion Of Speedy Passage Of an Equitable
and Uniform National Bankrupt Law" was
again discussed. Benjamin f. Cole, OF the
Shoe and Leather Bank chairman Of the corr
ulittec appointed 10 consider the matter. SAD
that the committee was IN favor Of bringing
The laa1ter before the members Of the next Con-
Rrex: that everything possible should be done
70 Press the passage Of law that would be
equitable and just 10 the business men OF the
country.
A tariff reform niass meeting was held az the
Cooper Institute il New York city or the 22d
inst Everett p. Wheeler, the president Of the
Free Trade Club Of tslat city, called the meet
ing 10 order. Upon the platform were m&ny
pra:n Isant citizens: among them were Royal
PhelPs. Orlando B- Potter, Benjamin a Nillis,
.Jos1n Bigelow Delano c. Calvin, Thos. g. Shear
nan. Aasoa Phelps Stokes. Addresses were
rnade br Henry Ward Beechcr. David A. Wells
OF connecticut, and Henry Wastersoa5 Of Ken
tuck
Tic Hagersto~n md Gfo5e SAYS that work
hzs bcrul In earnest on tAe Vanderbilt South
err Pennsylvania Railroad. The surveys haze
been completed. and the cont actors have coEa-
rncrceI operations Oh the Siding Hili ard R0x-
bH-r tunnels shirpeasDUrg, Pa, has been MADE
the base Of Supplies. and over q hunctea men
have been put 20 work ALREADY. BIDS f5r the
graduation and mas0ary work along tie lipC
viii soon be received froGn contractors, and thai
portion Of tie work VII 5gsia next spring.
The annual convention Of the National Cot
ron Planters Association DC America havin'
Tor is Object the devising of ways and means
70 improve tie condition q an acricnltuTist
and iGlustrial.ats who iiTe and work Oh South
err SOIL met in Nicls5urr, Miss, on the us
ins1. There was large al caaance of delegate
fro5a al the Southern States Gll 3 number 0
capisaists from the North.
The Eieiseaa Central Railroads. acw canti
lever bridge 1T Niagara Pals ssas completed 0,
the 2Ist inst. IL was commenced less thai
seven months since. The bridge is a double
track steel eaRf.ieTeT, and the first erected i
this country. TIE principle upon which Il
CONSTRUCTED is ono tllat Viii aotnit Of trail
passing over il AZ speed Of sixty miles a
hour With perfect safety.
Franklin 3 Gowen has Issued q circular date
November Zl5t, 10 which he announces his il
tenli0n q res gniDg the presidency of tho BEAD
ing Railroad e the expiration u BIS presen
TERN. lie recommends Nr. 6corgc Deb. kein
the vice president, as mis- successor. He take
tbs step BECAUSE ihe company Dfs now SUI
mounted al the difficulties Of he last foU
eveGtinl years"
Tic annual meeting o. the stockholders {
the Petersburg ard Weldon Railroad C0npals
was held a. Petersburg On the 2lst inst. III
following officers weTe elected: Presidci
Major Il. 7. u. Myers, of Ric6r ord beard {
directors, VI. II. Palmer, Major Frederick J
Scot James II. Dooiey, Jo5eIh Bryan and
nj. logan.
judge Jackson, q the United States Distrl,
C0aTf at Charleston, ". Va, has appoiute
Thomas K. Sharpe receiver Of Gneh portion
the Ohio River Railway IS lies within D
Jurisdiction, including the Chic kiTer bridE
al Point Pleasant
A new process IA the manufacture Of 10
carsan Besselncr steel Was connected on I.
22d inst, al the Bessener steel Works
Homestead, Pa, which, il successful, viii con
plstely do away with the work Of padding.
Glorious Cedar Greek.
TO the Editor NATIONAL TRIBUNE:
have but recently been numbered with q
Feaeers 81 your valuable paper, and il IN ord