The McCook tribune. (McCook, Neb.) 1886-1936, 1885-12-10
As TO NATIONAL BANKS.
Synopsis of the annual Report of the Comp
trOIer OF the Currency.

Synopsis of the annual Report of the Comp
trOIter of the Currency.
The annual report of Fl. W. Cannon, con-
troller of the currency, contains much inter
esting information. 1t shows that during the
year ending November 1, 1885, AS banks have
been organized with a capital of SIG, 93S, 0C0
and circulating notes have been issued to
these new associations amounting to $4,274,-
$40. Since the establishing of the national
banking system February %, 1865, there have
been organized 3,346 national banks. Of
these 1872 have gone into voluntary liquida-
ton for the purpose of winding up their
affairs, 79 have gone into voluntary liquida-
ton for the purpose of reorganization,
Ga are in liquidation by ex-
piration of their charter, of which number
80 have been reorganized, and 104 have been
placed in the hands of a receiver for the pur-
pose of closing up their affairs. The total
number in existence on Nov. 1, 1885, was 81
727, which is the largest number that has
been in operation at any one time. A larger
number of banks expired by limitation during
the year 1885 than have or will expire during
any year prior to 1900. The comptroller be-
lieves that the contraction of national bank
circulation will continue unless some 1egisla-
ton is had which will increase the profit
which national banks derive from the issue of
circulating notes, and proposes that the tax
on circulation be removed, and the amount of
circulation which national banks are per-
mitted to issue be increased to the par
value of the bonds deposited by them. He
refers to the fact that although there
has been a contraction in national bank
notes, the circulating medium Of the coun-
try has been increased by silver dollars and
silver certificates, and in this connection he
calls attention to the statement in his last an
nual report that the continued coinage of
standard silver dollars under the present
provisions of law is in excess of the require
ments of the country, and is liable to bring
the business of the country to silver basis, and
cause some degree of financial disturbance.
Full statistics in regard to the taxation of ma
tionai banks are given, showing that during
the fiscal year ending June 80, 1885, there was
paid to the United States government 50, 1884,
5S4 taxes on circulating notes of national
banks. Tables are PRESENTED in the report
in the proper order that comparisons may
be made between the annual divi-
dends paid b. national banks to the United
States, and those paid by foreign banks to
- ~ AASh ihNiSaSN SAao NV
average dividends and earnings of national
banks during the United States are, as rule
less than those of the banks in other coun-
tries. TIL report contains comparative
statements of the resources and liabilities of
the national banks during the past ten years,
and q detailed statement of their con 1ition on
the first day of October, 1885. The different
items indicate that the business Of the nation
II l.-l- hoo nr-o1r -oroo.o l.-:-- A.
past year, although the items Of the United
States bonds and circulating notes have de-
creased. Liabilities to depositors and cores
pondents have increased more than one hum
dred and eighty million dollars. During the
year, the banks have increased their species
resources more than f~ortv-six million dollars.
A brutal murder of a woman occurred IN
the rillage OF Medina, n. Y, and the inquest
h:s resulted in the arrest of her husband
charged with the crime. The first dispatch