Shiner gazette. [volume] (Shiner, Tex.) 1893-current, 1893-08-03
ST. LOUIS BANKS.


bHsh on hhhu Amounting 10 over 40 FER
cent of Cash Liabilities.
ST. Louis, July 27-The st. Louis
clearing house has prepared state
ment showing the exact condition OF
the twenty-four banks which have
membership in it. The statement
has been prepared with great care and
shows that deposits payable on do
mand at all these banks amount to
$40, 3S3.00 The cash on hand
amounts to SIS, 223, 900, or consdera-
bly, in excess of 40 per cent of the
total Under ordinary conditions %
per cent is considered safe margin
aud it is lelt that with nearly 43 per
cent on hand almost any kind of run
could be easily met. There has not,
however, been breath of suspicion
against any bank, and although
very large number OF small depositors
are said to have Withdrawn and to
have placed their money in safe de-
post vaults there is no evidence to
prove that this is so, and the fact is
not generally credited. The banks
have time deposits amounting to
nearly $14,OO0,O00, while they have
outstanding on demand, and time
loans exclusive of bonds deposited to
secure circulation, $62, 1000 600 The
capital stock and surplus funds Of
these banks total S25, 1914 900, and ex-
perts are of opinion that the figures
as returned by them indicate an ex-
ceptionally healthy condition and go
to prove that there is very little loun-
&C.,
which have appeared in some eastern
papers. If the banks OF all the largo
cities are as well equipped us those Of
st. Louis, there will be very little
financial stringency when the fact be-
comes generally known.
Building continues with great ac-
tivity in the city. The new Union
depot and the new $4,000, 900 hotel
are both being pushed towards COM
pletion as rapidly as possible, and the
fourteen-stoly office building on Olive
street, six blocks east of the exposi-
ton, will soon be out Of the hands OF
the contractors The site has also
been purchased for another hotel near
the Union depot and there is also
much activity in the way of BRIDGE
building. Up to within three or four
years ago the Eads bridge was practi-
cally the only means railroads had of
crossing the Mississippi river in this
section; now the merchants bridge is
in general use, and bridges which will
be of great Importance to railroads
are being constructed over the Mis-
souri, river at Belliontaine and over
the Mississippi at Alton. Both the.
bridges are within easy driving dis
lance of the city and they will be
used by the Burlington and other
roads for obtaining access to the city
without wasting time at the relay de-
pot in East ST. Louis. The distance.
between st. Louis and Alton will be
reduced by these bridges to sixteen,
miles, shortening the time distance,
between st. Louis, Chicago and east
ern points from thirty to fifty min
utes. A new passenger depot will be
erected for the convenience of friends
using these bridges, which can also
obtain access to the Union depot by
means OF new belt line.
The first shipment of hay ever made
from st, Louis to Europe has just been
completed, ST. Louis is the center of
an immense hay district, but the cost
of shipment and the difficulty through
long ocean voyage have kept ship
ments to Europe back. There being
! however, t. large shortage in the
: French hay crop an experimental
! shipment was made to France the
other day and if it proves a success
=. another important export business
will be built up. The hay was
shipped via New Orleans.