The Lamar register., 1893-08-05
ST. LOUIS BANKS
rash on Hand Amounting 10 "'s
p.r Cent of cash I.ahiiifies-

rash on Hand Amounting 10 "'s'
Per Cent of cash Isahhi''ss
sr LOUIS. July a7.-The St LcuiS
clearing house has prepared .
nent showing the exact condiion VI
tho twenty-iour banks whien na
membership in IL The sta'encn'
been prepared with great care
sbows that deposits payable on ae-
,nand Mt all these banks amount 70
saI A.. 600. The cash on hand amounts
- els sa3. goo. or considerably IN cN-
r.ss of 40 per cent of he total lpoei
ordinary conditions s5 per cent IS eon.
siaered a safe margin and II Is ies,
that with nearly - per cent on n nu
almost any kind of run eoniu oe
aas;lv met There has not, now
ayer been breath of suspic
ION against any bank, and although
n yery large mum Der of small uepost
ors are said to have Withdrawn anu ="
have placed their money in sate ue
oosi. vaults, ;here is no evidence 70
prove that this is so. and the iaet
not generally credited The oanhs
have time deposits amounting 70 hea
lv sl,. 900. OOj, while they have out
standinr on demand and time loans
exciusiyo bonds deposited TO secure
circulation. So, % o. 900. The capital
stock and surplus funds OF these banl<s
total So. Is-..uHu- ana experts arc %
OPINION tnaI Ihs Egurcs as re turf ned oy
them Indicate an exceptionally healthy
condition and go 20 prove that theFe
is very little foundation for the dole
full forebodings which have appeared
in some eastern papers IL The banks
OF all the large ,ittfs arc as wen
equipped rs those OF st Louis, there
will be very little financial stTingeney
when the fact becomes generally
known.
building continues with great
activity IN the city. The new Union
depot and the new Ss,oc1, 900 hotel are
boih being pushed towards com pie
tion as rapidly as possible, and the
fourteen-story office building on Olive
street. six blocks east of the cxpoSi-
tiop. will soon tc out Of the hands OF
the contractors The site has also
been purchased for anC ther hotel near
the Union dspot, and there is also
much activity in the way OF bridge
building. Up to within three or four
years ago the Lads bridge was praeii.
cally the only means railroads had OF
crossing the Mississippi river in this
section; now the merchants bridge -
[ IN general use. and bridges which VIII
/ be OF great llll 9AER--HtS - A---s
are being constructed over the Mis-
souri, river at Bcllcfontainc and over
/ the Mississippi at Altou. Both the
l bridges are within easy driving
distance of the city and they
will be used bY the burlington
aud other roads for obtaining &
access TO the city without wasting
Z tire at the relay depot In Eas, ST.
I LOUIS The distance between 81
/ Louis and Alton will be reduced by
I these bridges TO sixteen miles. short
ening the time distance between 81
Loais, Chicago and eastern points
/ from thirty 10 nifty minutes new
passenger depo; will - erected for the
c unvenienee of fr.erds using these
/ bridges, which can also obtain aceess
to the Union depot By means OF a new
| belt line.
The first shipment OF hay ever made
/ from ST. Louis 10 Europe has Jus, 6een
! completed. st Louis is the center OF
an immense hay district, but the
! cost OF shipment and the difficulty
I in keeping hay IN good condition
through long ocean voyage have
kept shipments to Europe back. There
/ being. however, a large shortage in
the French hay crop an experimental
shipment was made 20 france the
other day and IL it proves a success
another important export business
will be built up. The hay was
shipped via New Orleans