The morning call., 1891-01-10

of capital that underlIes whole of our
tional banking fabric has been enlarged aud ex-
tended from 457.5 millions to 6504 millions,
and the accumulated surplus and profits
have risen from 1867 millions to 310.6 millions.
and are rapidly increasing, the number OF banks
having in the meantime multiplied from 2090, in
October, 1880, to 3540 in the October report OF
1890. OF the unconditional banks, excluding
savings Institutions Dir. Marslands list for July
Is, 1890, contains 1918 banks with 1915 mill
ions OF capital and 1854 millions of deposits. In
1880 these banks numbered 1921 while their
total capital was 1911 millions and their de-
postS 5361 millions. The mutual savings banks
numbered go and their deposits amounted TO
1853 millions in 1890, against 629 institutions
in 1880, holding 793 millions OF deposits. While
In the active banks, the growth of capital, sur
plus and reserves of the national and non
national banks in every portion of the country
increase, they keen even pace with the growth
OF the deposits and loans and the productive
portions Of the bunking business. No wonder
our banking progress is pronounced phenomenal.
The unsatisfactory character OF the bids The
the construction OF cOast-defense guns should
impel the Government TO lose time in estab-
fishing gun-plant at Benicia, for considerable
time VIII be required TO complete 1t. The adopt
ed plans Of the Watervliet gun factory provided
for main building 900 feet long, the central
portion 100 feet long, to contain the power plant
and shrinking pit; the north wing 1913 feet wide
ana 400 feet long. TO be eQuiDped for the manu-
faciuIe OF guns up to 2iuch caliber and the
south wing 1913 feet wide to have wider crane
ways and suitable machinery for the manufac-
ture of cannon of the largest caliber, sixteen
inches more. Under the Fertilization Act OF
September, 1888. 100000 was Appropriated
for tle erection and equipment of the north wing
and central portion. The building has been
erected and the equipment has been pushed
along as fast as the machinery could De
procured. The large lathes had to be manu-
featured to order and even this wing cannot
be fully equipped before some time in 1898. The
number of guns, exclusive Of 16-lnch caliber. re-
quiTed Tor eleven ports most urgently in need Of
~ 49,, 7, ra hoo,I oa,a,,,a.a, ~ :, -,
, ~ ,9 =. 81 "a -. Ia II "uuiu
- 80 ~ ~, , '"eSe s"is
~ 'e "ui u ",us "I1.e' nu ,tIo 'i,le lequt'eu
io' ''io 'U,ips't'n VI ','V "u"'uoi ueoes
~ ,io " 90" @ 80 po'' -
seFEreu o' 'iio ho"iu Vi TO" w toiilHe'tion
ana beIehse Woulu DC more man lo''y years.
ms however does not lneiuue Tue lo-ihch
guns, winch cannot Ue cons ucteu uhtl tue
south wing IS Duht ana EQUIPPED. WIN The
"a'erNHet factory enlarged 10 me contemplated
capacity IL Is estimated mat II would REQUIRE
twelve inch guns r. ouired for the twentv.seven
norris These facts demonstrate tbe urpent ne.
cessIty of prompt action on the mart If Ibe
Government
or Lyon fIaylair the eminent British free
Trader IN recent address to the voters OF Leeds
informed lhem mat IN twenty years from now
Iney "ouid nave TO look elsewhere than the
Ohued States Tor ther grain supplies For"
lie auaeu' II the relative Increase OF farm