Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-24
Especial Telegram to the Globe I

Especial Telegram to the Globe
WARRINGTON, Nov. M. o. ouav. a
prominent Pennsylvania Stalwart. accom-
panied by State Senators Cooper, Lee and
Steward, had long conference with the
president this afternoon. Quay said this
evening that he had learned in this inter
view that Arthur was candidate for
reelection, but he did not wish and would
not alloWehis claims to be pressed beyond
certain limit. If it is shown that his
nomination can't be made without break
ing up the good feeling in the Republican
without reservation.
A RAILROAD LOBBY.
There are signs that the railroad inter
ests of the country expect lively session
for them during the winter Al
ready number of gentlemen represent
ing the railroad side of the matter are
here and located for the winter. Repre-
sentative Reagan has announced that he
will push his inter state commerce bill for
all it is worth, and the several members
elected on the anti-railroad issues in
the west and on the Pacific
coast promise that the big corporations
will be badly shaken up. The railroads
therefore have early begun to organize
their forces for the contest. They do not
mistake the character of many of the agi-
tators doated into power on the crest of
the political tidal wave of 1882, and capital
generally will feel insecure until it can be
definitely understood how far the wild va
carries o. these accidental representatives
will lead them.
WARRINGTON, D. c., Nov. 23.-Sergeant
Lamar testified before the Proteus court
that Captain Pike told him that when the
vessel reached Sabine he felt disposed to
delay for several days, but Darlington dis
covering lead to the north urged for
ward movement. It will be remembered
that Darlington was ordered to take ad
| vantage of every lead and push northward
as rapidly as possible.
Sergeant Kenny testified that the crew
of the Proteus were good for nothing as
| they intended to steal Garlington's boats.
| and he had been cautioned to look out for
| himself.
and China, and the effect hostilities will
| have upon the interests of the United
States are subjects of consideration at the
cabinet meeting.
Surgeon Robert Murray has been ap-
pointed surgeon general oe the army.
President Arthur and Secretaries Folger
and Lincoln will attend the Evacuation
| day ceremonies at New York.
The second chapter of Comptroller
Knox's report shows 262 national banks
| organized for the year ending Nov. l, the
| largest number in any year since 1865. OF
hese, 1872 are in the western states, 40 in
middle states, 46 in the southern states, IL
| in the Pacific states, &c in the territories,
and only in the eastern states. The
number of national banks in operation on
Nov. is 1922, the largest number in
operation at any one time. The resources
OF 2,5Ol national banks on Oct. 2, 1882, was
81 1872, 100000. Since the last report
Illinois has advanced from the sixth to the
fifth place in national bank capital,
Kentucky has displaced New Jersey, ard
Minnesota is now the fourteenth state,
taking the place of Vermont and displac-
ing Iowa and New Hampshire.
Virginia is superseded by Wisconsin, Texas
and California. In the next two years
the charters of 976 banks expire, having
| capital of $275,548,O 600 and circulation
of $1S5,435,O0O. The average rate OF in
terest now paid by the United States on
bonds deposited as security for circulating
notes above 81 per cent. on the par
value, is equal to 3-19 per cent. only of
the current market value. More than half
the bonds now held by national banks are
per CENTS, and all are likely to be called
within the next three years. Those lower
numbers, which it is safe to estimate will
not be called for the next two years, can
not be purchased for premium of much
less than two per cent. and at that price
there will be loss upon circulation
based on this class of bonds if
redeemed within three years. The total
amount of bonds held by national, state
and saving banks, Nov L, 1921 ,229, 259, or
nearly half the interest bearing debt of the
country. The comptroller says the sec
ton of the revised statutes which places
the restriction on loans should be so
amended as to exclude from the Limitation
mentioned, legitimate loans upon pro-
duce or warehouse receipts, and some other
classes of collateral security, as we'll as
loans upon UnIte1 States bonds.