Blackfoot news. (Blackfoot, Idaho) 1891-1902, 1893-09-16
ST. LOUIS BANKS
Cash on Hand Amounting to Over 40
Per Cent of Cash Liabilities

Per Cent OF Cash Liabilities
ST. LOUIS, July ~. The ST. Loui,
clearing house has prepared a state
meat showing the exact condition Of
tho twenty-iour banks which haya
membership in IL The statement has
been prepared with great care and
shows that deposits payable on do.
mand at all these banks amount 10
a., 900 The cash on hand amounts
70 sis,2s3, OC0. or considerably 10 OF.
cess OF 40 per cent OF The total Under
ordinary conditions 20 per cent Is con.
sidered a safe margin and Il il felt
that with nearly as per cent on hsnd
almost apy kind OF a run could be
easily met There has not, how.
ever, been a breath OF suAplc-
ion against any bank, and although
a very large number Of small deposit.
ors are said 10 have withdrawn and 10
have placed their money in safe de-
posit vaults, there is no evidence 70
prove that this is SO. and the fact IA
not generally credited. The banks
have time deposits amounting 10 near.
ly sIG, 900 600. while they have out.
standing on demand and time loanA
exclusive bonds deposited 20 secure
circulation, So, % 5000. The capital
stock aud surplus funds OF these banks
total se5. 1874, 900, and experts are Of
opinion that the figures asreturped 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
in some eastern papers IL the banks
OF all the large cities are as we'll
equipped as those Of St Louis, there
viii be very little financial stFingeney
when the fact becomes generally
known
Building continues with great
activity in the city. The new Union
depot and the new ss,UJU, 600 hotel are
bo,h being pushed towards compile
tlon as rapidly as possible, and the
fourteen-story Office building ON Olive
street, six blocks east OF the exposi-
ton. will soon be out OF this hands Of
the contractors. The site has also
been purchased for another hotel near
the Union depot, and there Is also
much activity ia the way Of bridge
building. Up 10 within three or four
years ago the Eads bridge was praetl-
cally the only means railroads had %
crossing the Mississippi river Ia this
section; now the merchants bridge Is
general use, and bridges which will
lie o. great Importance 10 railroads
are being constructed over tho Mis-
souri, river ~ trilsfontaine and over
the Aiisa.saIupt ~ Anou both tmr
bidgrs are within easy urlviug
distance Of the city and they
will be used bY the burlington
and other roads for obtaining
access - the city without wasting
time ~ the relay depot Ia East 81
LOUIS The distance between -
Louis ami Alton wall be reduced b.
these bridges 70 sixteen miles, short
cning the time distance between 81
Louis, Chicago and eastern points
from thirty 10 aftv minutes A new
passenger depot will be erected Tor tho
nycuicucc Of friends using these
bri iges, which can also obtain Ercess
10 the nion depot by means Of q new
belt line
The first shipment 81 hay ever made
from 81 Louis 20 Europe has inst been
completed - Louis u the center OF
an immense has district. but tho
cost Of shipment and the difficulty
IN keeping hay 10 good condition
through long ocean voyage have
kent shipments 70 Europe back There
bsinE, however, large shortage In
sht French hhy crop an experimental
shipment was made 10 France tho
other day and II Il proves \ success
another important export business
will be built up, The hay was
shipped via New Orleans