New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-01-04
Total liabilities.

banks increased oil 1O1, 213 the increase In posts
for the period was Ss6ls 400 In loans and dis
counts "a 502,36o, and in capital al I35 OOO The In
crease In surplus fund for the year was To39,es. ard
in undivided profits s7ss,i73 the increase in cash
items for he same period 1882 col the amount
due from direi increased %3l.o2c during the year.
ovcrdrafts All p. amount due from trust companies
state National and private banks and brokers' 800 al,
aud United STATES esal-tender note, ana Circulating
notes Of National Bsnls si5s e'6; the increase IN
bonds and cages for the year was S59S5s, a11 m
amount due 10 COM -ncs, state. National and
private banks aud brokers fi.9 49, In miscellaneous
liabilities not classified there was net increase OF
s3:io 9o4 and In loss and expense SI3,3Gs. During
the year the net decreas in specie was Ss6906s, and
In stocks and bonds 3io6s9s; the decrease IN real
estate for the same period was SlI,iv! Inc amount
due to tho Treasurer OF the state OF New Ofh oe-
creased s2I ,674. and the amount due indy ana
the decrease during the year In circulation ouistandih;
81 and In miscellaneous assets not enumerated
Twenty trust. loan, mortgage. security, guar
ante or indemnity companies or ASSOCIATIONS were IA
existence the state at the beginning Of the present
fiscal year. From July 1, 1856, TO July J. loe'' mo
increase in assets of these corporations was
siI sG4 76l II. On July l. 1887 their aggregate re-
sources were S2O1 o3O,s40 Il. During the year de-
posits increased 50 49, 435 or and surplus fund and
Undivided profits increased s3,1s5,oos o. 49,,
Sc, eral companies heretofore sn'Itet hnler spe-
ciaI laws maintain nominal existence solely ioI ~,
purpose of selling their charters. An oicer ei one oi
these concerns recently stated that had three
charters for the organzation Of trust Va Us
% secession. ali of which are for sale These ins,tu
lions technically solvent and are so manaG,d thao
it would be exceedingly ditcu TO erect ther ussn.
tion by the usual methods 10 soou teason oa -,
given for their existence: therefore the enacimsht OF
law is recommended whereby the ehaf'nfs o. a., sum
business shall be vacated after the Lapse Oh feeon
able period ~ ,s
obtains in some banss Of ioanng money Oh rher own
stock as collateral should 0e o1y on onarcp Of
banks capital stoch pledged with IL as coIa'cfaI
The officers attention called to the fact, but there
IS no law forbddng H. bill Will be submitted 20
the Legislature containing provision smiar 10 ,at
such loans hereafter lie also rcncws his pn,is ,
against the failure to enact a law whereby pINs,o
bankers May Ma ss eSs hs % for such
concerns which could not be- met by stare insttn-
ers tho capital Of the last not exceed he
sum of $1,000. Several of these pr!vate eohselh'
servedly So in the estimation of their dealers and
oil hers but it is equally true that no investigation can
troll '' their affairs They are not restrained in tho
slightest degree in their investments and neither ihp
sohrce for re!iat!e Information IN emergencies
Twenty persons now in the county poor-hoise who
vency ' of Ike Institution in May 1850 Dnnllrl
sx persons have died from the effects OF this fsurc'
ana The nds decacs his to submit
bin for y, GGns Sn MS ns Of Ti nvos ok ana seonn
The clear intent OF the banking law 10 the snsn
number ,ha not be less than five careful . sw
provision oil Law requiring director OF sta'e blnk
TO be stakeholder thereof but 30 universal has ben
the custom Is tir regard. that there Is probably not
sngle instance where director Is not the owner 81
stock Of the. hank with which he Is eo1Hected r,s
be the owner n good faith Of al least ten shares of
the ca capital stock q the corro aon the managpen,
Of The affairs OF which h. dreos. The statutes shouh
be made mandat."y In This re>l"tt
Concerning the sal urSiay half holiday law, adsce'
have been received from nearly every ba lkng assocl@
ton saving bank and trust company under the sup
crvision Of the Department indicating that they hlyo
except I'm the following named cities very generally
resumed their ioraer hours since the FIRST day
Of september. A majority Of the institutions mat
close al noon Sauda asert that u i their intention
10 do so until SUI time only the legislature con-
venes and opportunity has been gwen 70 modify tho
tho banks continue 10 close ~ the time menri0ne',
yet thy arc practically unanmou, In The opinion that
An observance the proposed custom by banks In tho
interior of no state woul SERIOUSLY hamper all kinds
which has natural carses become tho trailing
time for formers, AMI the villages arc then crowded.
wages, and purchase most OF their sup
ply If bark Is 9, Sse to these PccpIe, at
1t Is the re'ailing opinon among New York city
banks that the present law is an agonlstic 10 tho
v We a. general prop "s the pesc Of this
alto should not be compelled to do business I'm either
five Or five and asSs Sy wss sS%pens %
from Sa thu the \. on Unless saGS %s
several sta es of the Union II discrimnaics against
BIO adopted. IN she largo cities, during tho heat q
summer, a kindly and sensible custom has grown H
in many kind u business OF disseminating traffic 1t
noon Saturday. and sta ute a, ilcable TO the
whole of ca'h SAT urday in July and August womd
meet with general approval in such localities.
The plan rdca ed I'm tho last discount tenk
report to the Legislature, whereby drcuihing noes
may be issued state banks, has iren Inc subject
Of comment. and thus far unansweaDic reason
has been gvon show that The plan Is no prac'i-
cable IL VIII be remembered thai the Iian sus
rastcd was tina, banks OF deposit and discount should
lave the privilege OF issuing circulating no g upon
de,oslting with the Comptroller oi the Currency under
the lie conditions which now exfs in connection
with the deposit Of government bonds by national
banks tho bct o.,' anaoo stocks, for example: 1hs
sfocis b0ids VI any state Of the rilon thai h-s
lV IA itipsf In Dan tf
any at Of eithor principe, Interest Of any eclk
authorized by any Legislature OF such stae 10 De
cntracted Also IN the ssvrAs bobsls of city.
county, village IN such Stale. issued iursuaes
to the utAorty oil y law VI the S.xo, STOCKS or
bonds Of q body poll Is TO 10 muavai,ass wsisr es
nicotsdness exceeds a cetga!a ,cre, AN 1se u the
as sessed ,aluafoa OF IT'S real estate BY he proposal
81 Ssua no matter injudic ysssly tho aNars m
lanL may I've managed or hew iaK may he .se super
vision exercised by the authorities OF The stato
vbert,n Is located. lie rnrroucy votnd DC secnrc
elastic AID in nj ocs quite ~ Desirable as 'has
,.acd b, Tia Es4onai banks