The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1888-12-14

Midget % News From Wesn1ngsen-
Moro nspores % Department ana ~
reau Ch1eGs- lncFen>e IL the Fueuc
nshe The Aqasduce ncaudal-ooveraor
HEAVIER Accepts 1gecsptlon % 0overn-
or-Elect Hover % Indiana, Eees
WAsuxGrox. Dec. 2.-The annual re-
port Of W. Trenholm, Comptroller q u .
Currency, contains q summary 81 lho
state and condition Of the National Anks
during the year. Tho number rep orting
on October I was 3,1&0, Of which tie capi-
tai stock exceeded $Se3, 0oA 900; surplus
fund, <ls5, O00, 900; other undivided profits
600 400, and the outsiAy. ding circulation
against bonds, $l5l, 7o2!00O. The individual
deposits amounted b 81 ,aa0,0 oO,0oo, and
Government deposits 70 $d6,0oo,00o. The
total nunber Of new National banks or
CANNED during the year was III; forty
two banks went out Of the system during
She year, OF which thirty -four went into
voluntary liquidation and eight faileds
making . net increase Of ninety banks
The net increase OF capital for the year
has been over 100000, and the net de-
crease Of circulation nearly $l7,000,OO0.
Reports have been received from a535
State banks. l,l03; loan and trust compa-
banks, l,203. The whole body Of these
institutions report capital stock, $265, O00,-
GO; surplus funds and other undivided
profits, 24O,0Oo,000. and individual de-
posits, g, III, 10000 0.
During the year thirty-four dividends
have been paid 10 creditors Of insolvent
National banks, aggregating $5,525, 49,;
and the affairs OF FIVE failed banks have
been closed, In each case the creditors re-
ceiving payment in full, principal and in
terest.
Since the beginning Of the National
banking system, the total claims proved
against all failed banks have been less
than 52,Oo0, 200, and the aggregate Of divi-
dends paid upon those claims has exceed
ed $33,0O0,O00; total assessment levied
upon shareholders, $l2,500,00); gross col
lections from such assessments, &,3if. 600
The recommendations Of Comptroller
Trenholm as TO new legislation are: The
funding Of the outstanding greenbacks In
bonds bearing not over l-2 per cent per
annum interest, available only as basis
for National bank circulation, and payable
only upon the failure Of the bank or upon
its dissolution otherwise: the bank 70 re-
ceiye par of the bonds in circulating
notes; the National bank redemption
agency az Washington TO be transferred
to New York, and sub-redemption agen-
cies established at each central reserve
city, all notes being redeemable indis-
criminately at any agency; and the en-
actment Of laws giving uniform effect TO
commercial Instruments, such as bills of
lading, bills Of exchange, checks, etc.
Increased Expenditures and Failing Re-
celpss Increase the Public Debt.
WASHINGTON, Dec. 2.-The public debt
statement issued from the Treasury De-
partment shows an increase in the debt
during November amounting to $11,199,-
ST.. Treasury disbursements have been
unusually large during November, the
pension payments alone amounting to
2l.675,O00, against but four millions and a
quarter in October, while receipts from all
sources fell Of two millions and a half as
compared with Receipts Of the month
previous. The net or surplus cash in the
Treasury yesterday was So ,23i .G10, against
$74,49f.9 800 on November 1. The interest
bearing debt has been reduced 100000
during the month, and now aggregates
$947, O6s,202.
The gold fund balance has increased
about 5000, 900 during the past month, and
ver-fund balance has decreased about FIVE
and half millions, and amounts TO SO,
1905. National bank depositaries hold
SjI .92507s Of Government funds, or two
and half millions less than on Novem-
Der 1.
Government receipts from all sources
during November reached S2S,590,1s0, or
nearly four millions less than during Oc-
tober past, and fully one-half million less
than in November, 1887.
Customs receipts during November
amounted to 800, about one-half
million less than In November, 1881; re-
ceipts from miscellaneous sources fell of
one-hal million. compared with Novem-
Der, 1887, while internal-revenue receipts
were SlO.39335O, or half a million more
than during November, 1857.
Receipts from all sources for the first
FIVE months OF the current fiscal year
reach $50, j1s,76 or about three millions
less than for the corresponding five
months in 1885,, while the expenditures for
the 1--WE months OF this year aggregate
$if7,O62,s71, or eighteen millions more
than for the first five months Of 1887.
Annual Report ~ the Secretary Of war.
WASHINGTON, Dec. 3.-Secretary Endi-
colt, in his annual report, alludes feeling
" to the death Of General Sheridan, which
he says deprived the army Of chief pre-
eminently fitted for such command, whose
wide experiences ready resources and
personal qualities made him . tower Of
strength in council and action. The Sec
rotary again invites the attention Of Com
gress 10 the defenseless condition If our
sea-coast and lake frontiers. It appears
more important than ever that immediate
and liberal action Ia this direction should
be taken by the coming session Of Com
gress, in view Of the fact that the last ses-
sion gave appropriations for the construc-
ton Of heavy ordnance. For the con-
struction Of needed defenses in which 70
place these new guns, an appropriation Of
0,O0D Is asked. Torpedoes and subma-
rine mines, the Secretary says, are now
acknowledged by all nations 70 be abso-
lutely necessary to the efficient defense OF
harbors and a-ports; and for the pur-
chase Of these and the necessary appli-
ances for operating them, and for expert
menting 10 ascertain the best Of them, and
for torpedo inventions, an appropriation
Of 81 10000 Il recommended.
Trudcr fbo nrovfoioua ~ the A yvuv NIL