The state herald. (Holyoke, Logan County, Colo.) 1887-1921, 1893-08-04
ST. LOUIS BANKS

Cash on Hand Amounting to Over 40
Per Cent Of Cash Liabilities.
ST. Louis, July 27.-Thc st. Louis
clearing house has prepared a state
meat showing the oxact condition of
tho twenty-four banks which hive
membership in IL The statement has
been prepared with great cnre and
shows that deposits payn bio on de-
mnnd at all these banks amount to
s42, 49,, 200. The cash on hand amounts
TO SIS, 2?3, 900, or considerably in ex-
cess of 40 per cent Of the total. Under
ordinary conditions % per cent is con-
sidered safe margin and it is felt
that with nearly 40 per cent on h nd
almost my kind Of u run could be
easily met. There hns not, how.
ever, been q breath of suspic-
Ion against any bank, and although
q very large number OF small deposit
ors are said 70 have withdrawn and to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 near
ly slt,00O.0o0, while they have out.
standing on demand and time loans,
exclusive :, 4 bonds deposited to secure
circulation, $500 IO,01O. The capital
stock and surplus funds of these banks
total s.r. i"I."UD. amt experts nre OF
opinion that the bgurcs us returned by
them indicate an exceptionally healthy
condition and go TO prove that there
Is very little foundation for the dole
full forebodings which have appeared
OF all the large cities are ms we'll
nvtinnAA m q thnaA ~ -
will be- ~ery little financial stringcncy
when the fact becomes generally
known.
Building continues with great
activity In the city. The new Union
depot and the now 100000 hotel are
both being pushed towards compile
tion Ms rapidly rs possible, and the
fourteen-story Office building on Olive
street, ak blocks east OF the exposi.
tion, 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 In also
much activity In tie way OF bridge
building. Up TO within three or four
years ago the Eads bridge was prnct.-
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
arc beng constructed over the Mis-
souri, river Mt Icilcfontaine and over
tho Mississippi ut Alton. Both the
bridges are within easy driving
distance OF tho city and they
will be used by the Burlington
mud other roads for obtaining
access TO the city without wasting
timc Mt the relay depot In East ST.
LOUIS. The distance between st.
Louis md Alton will be reduced by
these bridges to sixteen miles. short
cning the time distance between ST
Louis, Chicago and eastern points
from thirty to fifty minutes. A now
passenger depot will \ erected for tho
convenience OF frlcrds using these
bridges, which can also obtain access
TO the Union depot by means Of new
belt line.
The first shipment OF hny ever made
from st. Louis 10 Europe has just been
completed. ~ ouis IN the center OF
nm Immense ''ny district. but the
cost Of shipment and tho difficulty
In keeping hay IN good condition
through long ocean v0yage have
kept shipments TO Europe back. There
b,ing, however, n large shortage In
tho French hay crop an experimental
shipment was mndc to France the
other day and II II proves n success
another important export business
will be built up. The hay was
shippcd via New Orleans