Mower County transcript. [volume] (Lansing, Minn.) 1868-1915, 1888-12-12
THE POSTAL SEEVjCE.
Annual Report OF Postm aster-General
Dickinson.

THE POSTAL sEFVcE.
Annual Report OF Postm astor-G
Dickinson.
WASHINGTON. Dec 1.-The annual report Of
the Postmas,er.Qeneral Is made public. 1t
to show Improvement and expansion IN the
service under tho present Admia'stra-
ton. The gross revenue for the year
inclusive Of iaeiIit es for the year W.
paid and embracing the amount for
transportation of mails on Pacific railroads for
s56,SS ,4O3. The estimated deficiency therefor
is w. 1927. The total estimated gross rece pts
for the year ending June 3d. 1885, is S57. 3o!,57o.
Of If this ' year "k IS se',s;oss5, or an ox
cess over the amount of revenue est-
mated above OF $3,4G7,67, which will be
total amount appropr ated be needed The es-
tmated amount OF postal revenue for the fiscal
year ending June 30, $780, is ST.. a0s,G'S The
Carrying on the business OF the postal service
for the year ending June 30. $780, IS S6i, 8l20 or.
The deficiency 10 BE- spppled from the General
Treasury is therefore Sa.3D3, 4l4.
The total number OF post-offlces Is 81, 1851 an
increase over 1855 OF G12i. In the railway
NAL serv &c m increase OF about 2e, 900 miles
is shown as AGAINST the previous sars e est
increase OF l7,077,999 in the number OF miles.
Travelled per am: um, and decrease or n per
cent. IN inc rate OF cost per mile LrIVoleu una
an increase of 3.3a per cent in the average
number of trips per week. The business of the
registration division has increased during the
year 81 per cent. The free delivery service
q total OF 1858 .:rce del very cities.
The PostIhaste General submits that appro-
hfiatidas for 81 ecial pay to railroads should be
better distributed, or, il need be. increased If
creased ply is to be continued.
Statistics are submitted contrasting. our
Huifh hnt Of Npn,f to- n n
and France, demonstrating. than IN cheapness
OF postage, gross revenue and cxpend lures,
number OF post -of.es, extent Of mail routes,
mileage Of mail service. and volume Of mail
matter transmitted, the postal system OF the
United States is the lending one OF the world.
After submitting through the rerort various
OF the detail OF the service the Postmaster
General recommends the passage Of The House
bill for the purchase of post-' flee buildings by
the Government in certain Cities.
The report favors Cover ment postal tele-
graphs and recommends the appointment OF
comm ss'on OF competent and disintcrcsted
new inventions and invite Others who shall
DO authorized to erect short expert ntal lines,
and who shall report to the President or TO
Congress- the result OF their Investigations.
law regulating the compensation OF the fourth
class postmasters by which the compensation
Shall be permitted which was intended by the
act OF Congress fixing the standard previous to
the reduct on of postage rates.
The Pos1master-General calls attention to
the abuses OF the franking privileges, and rec
OmmcndS i revision Of the law with penalties
for its violation.
SOMETHING ABOUT THE BANKS.
MIR. Trenholm, Comptroller of the Cur
rency, Furnishes Some Interesting
Reading.
WASHINGTON. Dec. 4.-The twenty-sixth an.
nual report OF the Com ptroller. of the Currency
condition Of the National banks during
the year. The number reporting October>4
was 3, 14o, OF which the capital stock exceeded
s592, 90 600; surplus fund. $685. 900 0Oo other
divided profits, So, Oo0,O@O; and the outstand
ing circulation aga nst bonds, *l51, :iG.0 0o The
indiv dual deposits amounted to 81 .3j0, 1000
and Government depoS IS 10 Y5G,OOlOO!
The total number Of new National banks Or
ganiZed during the year was 1872; az banks
went out Of the system during the year, OF
which 81 went into voluntary liquidation and
failed, making q net increase Of 90 banks
The ncr increase OF capital in the year has
been over sl4ooo,'oO, and N IT the net decrease OF
circulation nearly Sl7,000,00O.
Reports have been received from 3,527 in
stitutions not National banks-namely: State
banks, l:4o3: loan and trust companies, 10;
savings banks. 81; and private banks. 1903.
The whole body OF these institutions re.
port capital Stock, s265,ooo,oo0; surplus
fund and other undivided profits Ss4o, o0o,o(O;
the year th:rty-four dividends have been paid
to creditors and 'ns"lvent Nat o: Ill banks, ag-
grega1ing S3523, s. 5; and the affairs OF i've
failed banks have been closed, in each case
the cred tors receiy ng payment in full, primes
pal and interest Since the beginn NJ OF the
National banking system the, total claims
than S52, 00O,OO0 and the aggregate Of dividends
paid upon those claims has exceeded s33, ZOO,
coo; total assessments levied Oh shareholders.
S12 90l 900: gross collections from such assess.
ments, s., $4,000.
The recommendations OF the Comptroller as
to new legislation are:
First-Thc fund ng OF the outstanding green
hacks in bonds bearing not over "a per cent.
per annum interest, available only basis
for National bank circulation, and payable
only upon the failure of the bank or upon its
dissolution otherwise. The banks to receive
par of the bonds in circulating notes.
Second-The National Bank Redemption
Agency at Washington to be transferred to
New York and sub-redemptiou agencies es1ab
lished at ench central reserve ty, all notes be
ing redeemable indlscr,minately at my agency.
Third-The enactment OF laws giving uniform
effect to commercial instruments such bills OF
ladng, bills OF exchange, checks, etc.