The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1886-12-02
WAahInEton Notes.

WASHINGTON, Nov. 25.-The annual |
report Of Hon. VIII lam 8. Trenholme,
comptroller Of the currency, contains
suggestions for the amendment Of the
nA ionAl bank laws, in about . dozen in
staDces, including the contingent liabili-
y Of share holders, p q lirements as to
reserve, the limit on loans to individuals,
q more thorough examination OF banks,
and their protection against unequal state
taxation. The special character OF these
sugg, stions are withheld for the Presen'.
Three thousand five hundred and eighty
natlonsl babks have been organized In
all, OF which S5s are now In operation.
OF tbose ia have been organized during
Ihe past year, with capital OF 81 sOOO,-
QUO and cIrcuIA ion %, 800 900. T~enTy-
Tour bApks went into voluntary EQHida-
lion during the year. One ceased 90 ex-
IsL by expiration Of cnnrteH, and eight
failed. SIoCe the beginning, OF the eye
TEN in 1868 only III national
banks have failed. OF these thirty
full. Twensy-ei9ht have been paid the
interest, besides fifteen in full and I'VE in
part. Over 80 per cent Of ali national
bank stocks is held by residents OF the
state In which the bank IL located. More
than 81 Fer cent is held by naturehzsd
persons and over So per cent Of the NUM-
Der Of aharehOldt re- are naIuraltEed per-
sons. The total number of shareholders
| is 223, 900 and the total number of shares
over Z, 600, 600. The effect OF the reduc-
ton Of the public debt and the high
premium on bonds upon the vol
ume OF national bank circulation
is very fully illustrated In the
report. The contraction IN national osnk
circulation during the year exceeds $685.
000, 900. Besides the usual table sho wing
| the condition Of nAuOnaI banks st various
dates, the report this year contains an
abstI act which specifics each item of their
resources and liabilities. The banks In
the several states, reeerviDg cities and
territories, have lheIr condition stated
separately. A large diagram exhibiting
the main features Of the national banking
system ana their variations during
the past tWenty-oDe years accom-
| panies the report From this 1t Ap-
ears that the aggregated deposits
in the banks have Increased from S522,-
OOO, 900 IN January, 1885, to 81 ,173 co.,
| OO0 IN October, 1886, while loans and
10 81 ,443 O00. 900. The spetle held by
! the national banks in 1886 was S19 Co.,
900, in October, 1875, It was only sS,-
COZ, goo, while in ia y, 1885, it was 9177,-
| 00O, 000, and is now el56, GOO 900. Mr..
ErenhoIme declines to say whether his
report contains any specific recon-
mendation In regard 70 q mOdific6-
ton OF the Law making United States
bonds the basis Of the national bank
currency, but IL IL understood At the de-
partmsnI that he has presented strong
array OF facts and figures showing how
valuable the system has hecome 70 the
entire country and how important It is
that it should be made adaptable to
the needs OF committees in the
i nd u0R ma
tural resources await development
by aid of outside capital.
THE Pc, tai SERVICE.
! Third Assistant post master General
Hazsn in his annual report TO the post
master general refers to the encouraging
outlook for the current year, and says
that there is scarcely Q doubt that It will
postal revenue. The labor troubles We're
settled early in The year; a fair degree Of
prosperity has attended the business
of the country during the paat few
monthe, and all the indications
at the present time look TO it's continu-
ance, II not to still further improves
ment. None Of the sources Of the pos
tai revenue have been irjufiouslY fleet
ed by changes during the present year.
The report Gays thar additional revenues
may be expected from the extension of
the special delivery system, the admis-
| HIOQ Oh UQHlUS as nhIIGT, AuO TIE
important reduction In the price OF
stamp. envelopes under contracts re-
Gently entered iDiO For the next fiscal
year emitting June 80, 1888, he esti-
mates the deficiency Of revenue to be
supplied out of the general treasury
as -, 729 ,523 which is only 1924. Ola
more than the amount charged to the
treasury in the year ended June 80, 1884,
and 90, 175 6l2 less than Tor the ye r end
ed June 80, 1885. The estimated
amounts chsIGeable 20 the geDersl treas
ury for the current and nexI flsc4I years
| will prob IDLY he greatIy reduced
both by al increase OF the estimSted
postal revenue and by q decrease of the
| es innate d txpendiiures. From the ten
denotes shown IL is evident that with 9
prosperous condition in the business OF
he country 20 3avorably influence the
| revenue and with q continued XeFcise Of
care In regulating the expenditures the
postal service will again at DO distant day
become a seIf-suppOrting Institution.
AN HONEST DEMoCRATIO EDITOR.
That the groseesG frauds were commit
ted in the Seventh congressional district
in South Carolina. in order to defeat
Congressman SmAlls in o district which
has 70, 0C0 republican @ jOFtty, no one
who knows the facts will deny. But II
had not been expected that one Of the
leading democratic papers Of that state
/ NOusO bC1aAuuCC LnO lE0OOS % AO 0NOCA40
vile Is. CO. News, just received here,
says:
I'VE doubt If there has ever been Q
more UnWise or absurd proceeding than
tba fight against SmailF and the method
useo in making IL. The democratic par
~ of the country has gained one mem
Der OF the house OF representatives
to assist ct the organization. Against
this lack Of useful results iG the defeat OF
| 6nna1a - - 0aAf0aa TRmfFa NJ had
suits. Inc republican newspapers and
politicians are given strong case and
they will make the most Of IL. They wall
charge that we carved the state into
! districts on curious lines, and by dtvid-
: ing counties TO throw the colored VOTE
into on district, and not contented with
that nave gone into that district and
stolen their one representative. They
will not only cbaEgs IL but viii prove 1t
Our ride may ana doubtless Will pros
that the county boards 6csed within tn
D law 10 throwing out many box ADC
, hundreds Of votes for irregularities. Blu
the fact will stand out bold and unQues
. toned that SmGIls has been defeated b!
3 the negligence Of democratic ON Iaf
!. appointed by democratic authority. tn
4 inference that the negligence was pre-
arranged plot 20 deprive the majority o
it's weight will be too plain and clear 10
!, resistance. The state Will be pat bcfor
/ the country as b Ing party
: Ia plan. deliberate and 1sn'Oi
fraud We don't believe the d. me-
2 cratic paftv Of the c. ItFy viii 40
, cepr the responsibility for this election
q and we know that if ought not 70 DO II
: The facts and figures viii be brought on
: and put before the world, ana II the dem
= ocFals ia congress give Colonel Elliot tn
. seat tssy viii be held before the world .
il aiding and abeECiDg . crime and Feceiv
o ing It's reaulEs The harm IS TOT only q
g the future. This election destroys 70
d work OF years. We hsve claimed per
i sisTeniIy that all doubtful methods ~
J. have used In elections were juseiGabie .
= being necs estry for seif-preservation Q
!, defend our families and property frOu
j barbarian and corruption. That ciaiu
q Il Just and true, and on it re have NO
: liberation ADD symp thy. Nov, our enc
: mies-aDd We have plenty Of tbsm-Ut
z point % this election e eVideDoe that ~