Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1889-02-22
The BANKS WANT A SHARE

%asT S@@ncU Asked to Divide the Cit,
Deposits The City Discovers That 4
Owns Square.
City Council held its regular week.,
session last evening
The Finance Committee reported favor
ably on the petition of William e. Haw
kins, agent Of Amelia Nowlaaa for S13 81
tax paid on city property. The repor
was adopted
The adverse report of the Law Com
mittee on the petition Of J. NJ. Tavlol
anu others. for permission to erect tenn
porary frame chapel at Fifth and Monro,
streets, was adopted.
The following acts were presented bs
Lhe Law Committee and referred to the
Legislative Committee with instructions
70 send to Dover and urge their passage
through the Legislature:
an act amending the charter, so that
IN cases at law or trial in any issue
against the city, no person shall be deemed
an incompetent juror by reason of being
taxpayer or citizen of the city.
an act providing that in judgements
ut law against the city for damages
caused through the negligence of the
Street and Sewer Department the amount
shall be charged TO the Council and
deducted from the next annual appro-
priation Of the Street and Sewer Depart
ment
An act authorizing the sale Of certain
real estate belonging to the city The
real estate is the square on which public
school, No II. stands bounded by Dupont
and Scott, Eighth and Ninth streets. The
act provides for the sale Of all the lot not
occupied by the school, The school has a
square Of l5l feet, The proceeds OF the
sale are to go into the sinking fund for
the payment Of the city debt. Mr. Quinn
exhibited plot Of the square, and on mo.
ton Of Mr.. Baugh recess Of five min
utes was taken to allow members an OBJ
portunity to examine it.
1t appears that Council has Just discov-
cred that the city owns the square. The
taxes remitted to Amelia Rowland were
on this square, and it was through the
investigation regarding them that the
discovery was made It was purchased
IN 1865 or 81, when the city built the
reservoir.
After the recess the bill was referred
after considerable discussion to the Leg
islativa Committee by the following vote
Ayes-Ayars, Beale, Chambers Davis
Dillon, Forrest, Mccall, McGonigle. Nc
kenney McMenamin. Quinn. Roberts
Ryan, sawdon, Shea, President Farra. -16.
Nays-Baugh, Bowers, Coley. Hawkins.
johnson, Mcbride, Moore, Whites.
The following petition was read and
reIsFrpd 70 the finance and law com, !
mitteea jointly.
The undersigned, presidents Of ban ks
~ tnla oity, desire and as matter of |
IaNElcS ask that the funds Of the different
Of the city government be
deposited in the several banks of the
xitv IL some equitable and practicable
manner and present the following rea-
sons for their request,
'Fisst--As principle, "a division OF ,,
large deposits Is pruden.s. and desirable To
insure the greatest safety.
WV 1.-The deposits of a bank are a
source Of profit ito it, without
which no bank can sustain itself nor ac-
comodate customers who need discounts
and loans
"Third-City funds come from and
belong to the people generally, who are
largely the stockholders and depositors Of
the different banks, and hence all Of the
banks should participate In any advan-
tage therefrom.
'Fourth-The July taxes are now |
drawn from over six banks and deposited |
entirely In one Of them, necessitating five |
OF the banks TO reduce their discount |
lines and thus inconvenience their Gus
toners for two or three months, until the l
city, deposits are again scattered in the |
course of trade
Fifth-It is customary, so far as we
can learn, for other cities to divide their
deposits amoISy their banks in some man
ner, 80 that s4fety may be increased for
the city and justice rendered to all banks
and their customers.
"Sixth-In case Of the city needing
large temporary loans, no single bank
could accommodate it, rs the National /
Currency act for5ids any bank to loan a
corporation more than one-tenth of its
capital
I'm consideration Of the coming facts
we ask your honorable body TO assist us
in having authority granted by the Legis-
lature TO divide the city deposits among
all of the banks in as fair and equitable
q manner as may be found practicable.
EDWARD Belts,
President OF the First National Bank.
H. g. BANNING,
President OF the National Bank Of Della
ware.
GEORGE S. CAPELLE,
President Of the National Bank Of Will
mington and Brandywine.
JOSEPH l.. CARPETNER,
President of the Farmers Bank. |
SAMUEL McCLARY, JR.,
President Of the Central National Bank. /
Wilmington, Del, February Is, 1889.
The ordinance providing for one annual
test to be held in Nav was returned with /
the mayors approval.
The report of the city treasurer was |
received as follows Balance to the.eredit |
of current expenses, $l40 SOC. So; park |
fluid, @427. "a received Of Z. P. Moody,
$720; u, ]. Mealey, $275.
An order was drawn in favor OF sundry
bondholders for $685., interest due
March /.
Mr.. Quinn presented resolution,
which was unanimously adopted. in
strucking the city solicitor. to try the case
of Brooks Foster VS.. the City, before
three referees one a member of the bar
and two laymen.
A communication was read from the
Board Of Water Commissioners, stating
that they were making changes in the
hydrants as fast as possible,
communication from Representative
George w. Gray in regard to legislative
matters was received Another from
Senator John p Donahoe, stated that
nothing would be passed concerning the
city, until the Council first had notice.
An invitation from DUPONT Post, No.