The Middleburgh post. [volume] (Middleburgh, Snyder Co., Pa.) 1883-1916, 1893-08-03
NOT so BAD AS UEPORT[I
NATIONAL BANK FAILuRrs
Greatly Exaggerated. Comptroiier y,
keis Issues an Ohicisl statemep,
Which inspires Confidence.
Pennsylvania's Good
Report.

"Re~ent DISPATCHES have appeared IN a.
newspapers" said Comptroller Of the e..
rency Eckeis to a reporter on FRIDAY Il
Washington. that since January /, lSo
200 national banks have failed, the folio,
! ing statement has been prepared tina, "A.
public may be properly informed. lns.,
OF 200 having closed their doors, bu, g|
have gone into the hands OF the comp,rol.
of the currency. Fourteen Of this nnmb.
have already resumed business under fiv,
able conditions and are possessed OF the m,
| fidence Of the communities where locr.
and during the ensuing week II l. expe-.
several others will have complied with ii,
requirements of the comptroller and reop.
ed, while prior to Septenibe: / an eq,,
number will resume.
Out of the total of los closed but 81 b,,.
gone into the hands ufreceivers. the lalar,
either having REQ ened or are stii in tsl
hands OF the examiners with strong pim
poets Of reopening. Five of the los b,noI
are capitalized ia the amount OF 81 1yIurI
each, / at sB00.0D0. . at $50 % o. 30 20 NI
600, aud the remaining ut $500. .0O0. $ljlDtI
si00UO0 and less. but all at more ,A,.
So. 900. the greater number. however ts-
| from s2O1. 900 To $4,000. BY geugrap-
sections the failures ara Distributed n
fol lows: New England states ?; caste,
states. 1; middle aud Mississippi wg
/ states, Il; northwestern states. d, We,;sr
| states, 55; southern states y.
The statement then gues on to slow H,
numbe OF national banks in operation -
| all the States, which Is 3,IS5, Of which e..
are in pcnnsyivanis. 2il in Ohio AMI l h
West virginia There has been NJ .sI /.
| In Pennsvlvauia Nor in West Virginia. al
| but In ohio. The statement continues,
at Is iuither wo-thy uf note that DO
national hunks have fail'd IN Boston
| BROOKLYN, Ph lsdelphia. Pittsburg, llhIuuu,
Washington, Buffalo. Cincinnati. 81 Lon,
New Orleans San Francisco. MinnraIps
! st Paul and numbers OF other great ca
mercial centerS, an1 that but one la, c.o~
| la New York. two in Chicago end one IA
! Milwaukee. Tie cause Of the fai uTr,
| New Ior. and Chicago were due large b
| mismauagemcnt.as were mum bcrs Of u'h-r
| Local scares have caused many OF la.r b
suspend. Niue of the banks failed vgr
robbed by officials who are now uIli
arrest"
TnE RETURNING GOLD.
The large order, sauI u have been ,i,a
by New York financial houses for sd
abroad to be imported into the country an
regarded at the treasury department q,
favorable symptom OF returning coni.lyu1
Gold in considerable quantities ~ also c.r.
l. Y here from the West Indies. Fur
present ind,ca ions the gold In the trea,lv
will soon pa,s slOO oOOCOO. II Is t0-iy
tg7, ,5UU.UO0 When the $l0O, ,0OO. 0OJ is las
ed the treasury will again resums the "
suance of gold certificates which by lawhh
to he suspended whea the treasury gold Is
reduced below slnO,0OJ 90
The gold certificates now outStarlg
aggregate $50 00JU.0JJ. with is an untnu,lj
small quantity tor the treasury 10 haW
The department, however. shows little .
no interest whether the gold is SlOl,ONG
or slT5. O,0. 900 rs it is the loicy oi Secnta.
Carlisle TO use the gold OH hand the samss
he does currency in meeting the ob igatl1a
OF the treasury. So fur for several moniA
past the gold reserve has been nelied 3
available cash. On tins basis the uvnisa
cash In the treasury to dav Is sl22. 2.OOlM