The Pacific commercial advertiser. [volume] (Honolulu, Hawaiian Islands) 1885-1921, 1893-05-05

" u.
and extending the time of notice
lowing is the report:
| Postal Savings Bauk Statement of
transactions for Four Months
Ending April 80, 1898.
Cash on hand January 1,
1875 .......,...... ....."...".S 5,G31 30
RECEIPTS.
Deposits for January. 22,611 IL
I" February. 11,36S IL
March,. 1919 Is
April. ........ 17,715 40
Interest credited on closed
accounts LISA 81
Total ............S 1925 33
DISBURSEMENTS.
Withdrawals for January 24,3S3 50
{" February 20,070 81
" March =
(section /. cash, SO, 491.-
81; bonds, S21 1900 ......... 1871 81
Withdrawals for April
(section /. cash, SOS, SS3.-
10; bonds, 81, 500. 1858 10
Total. 1895 80
Excess of Withdrawals
over pOsits......-.-..".S "A, $50 40
Excess Of Withdrawals
over deposits of cash......S %, $50 40
Excess of Withdrawals
over deposits of bonds. "a, 100 90
Cash on hand May l, 1895 4,261 40
Total amount due deposit
tors January /, 1S93.......S SOS, 462 OS
Receipts for four months
ending April 80, 1893. 1928 So
Total. ........ ......$ 64O,76O Al
Disbursements for four
months ending April so,
lS93.s...... Cocoon. ............S 1l3, SZo %
Total amount due deposit
tors A pril 80, 1885,. $50 $50, S31 SO
Total s6fnount Postmaster
General ard notes.-......S 215,000 90
! Amount paid by sale of
bonds. $500. ......... 10000 90
Total amount p. NJ. CPS
notes outstanding. $4,000 90
Notes payable on demands las, 900 90
1s9S..... ............,....... 10000 90
Total notices maturing up
to August l., 1S9S.-...... 11,99S 90
Total notices of with
drawal unpaid CT due
Nav /, 1858 - DI,fSt W.
! SUNDRY POSTAL SAVINGS BANK MEM
oRANDA.
Amount notices of with
drawals maturing and
uncalled for May /, 1875 11,990.CO
Notices of Withdrawals
maturing in May.......... 2S,655.OC
Notices of Withdrawals
maturing in June-........ is, 300
Notices of Withdrawals
maturing in July........ 1928 OC
Total notices of withdraw
ais maturing up to Aug
| uSt.. %, 10. w
The balance due depositors
Jan. /, 1891 ........... 81, O1S, $50. Os
The balance due depositors
Jan. /, 1892 -.......-. ......... 1858, 354. u
The balance due depositors
Jan. /, 1898 ........... $500. SIS, 49,. Ot
The present balance due
depositors is ................. 52O, s31. 81
This shows that the excess
. of Withdrawals over de-
posits, or run on the L.
S. Bank since Jan. ], '91,
to be........ fSZIoOu.t'
Excess of Withdrawals ov-
er deposits in 1891, was. 80, 217.S'
Excess of Withdrawals ov-
er deposits in 1892, was. 1874, S92. ]:
Excess of Withdrawals ov-
er deposits a months) in
1893, was f',ooO.t
Average excess of with
, drawals per mo. for 1891,
WaS-.......,. t,-OV'p
Average excess of with
drawals per mo. for 1892,
was. oo'ooo'V
Average excess of with
months 1893, was 1900. o
The greatest amount of reserve II
cash the law provides for these larg
2 deposits is $4,000, which was eX
hausted early in 1892, and the treasur.
has since had to advance large sum
of money to support the bank with
drawals. At one time the amount du
the treasury by the Postal Saving
bank was over $4,000. Since the
the bank has by sales of bonds reduce
their debtor balance TO about SS7, zoo
The law seems to have been drawn L
such a manner as not to consider o
Z contemplate adverse circumstances
! and not on sound business principle;
and the present condition of the Post
al Savings bank, althou IN not ser
ous menace to the government treas
ury ION account of its greatly reduces
amount due depository, was in yer
precarious and unbusinesslike condi
; ton when on July 1, 1891, it owed II
depositors over S1,O00,000 with bu
Z $4,000 to meet run. At the .presen
!. time the notes of the postmast -.
:. eral are drawing "a its denositors f,
Y IMAM the H nN It's money, so that as r
cards that S155,OOO the government