The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1894-11-12


, period last year. a decrease Of l,123, 429
tons.
The relative use of money and checks,
drafts and bills Of exchange in the prac-
tical operation of commerce and trade
Is we'll illustrated by the deposits for 4
single day recently in leading Nation
al bank in the city of Chicago, as given
by Lyman ]. Gage, bank president,
in an address delivered before the Com
mercial club of that city, which was as
follows:
Gold coin. ...............''''''''. $1,000
SILVER coin. Observation-Disclosures. lO,oIo
Gold certificates. S...................... 4,O5
Silver certificates s,......,..........,., SS, lZJ
Legal tender notes and greenbacks. &,l12
Treasury notes. eS..............,...,..,. %, 4S6
National bank notes. es..............,... 34,263
Total deposit of money. .S269, SlO
Deposits in checks, drafts and bills
OF eXchange .....................'''S No. olP
1t will be observed that Of the total
deposits 95 per cent. was in checks,
drafts and bills of exchange and 5 per
cent. in money. That in total deposits
of S566S, ,751 only $13930 was in gold coin
and gold certificates or 4 of per cent.
or upon the basis of 500, 900 of gold
to $40, 1000, 100000 of checks, drafts and
bills Of exchange.
The percentage of deposits in checks,
drafts and bills of exchange to total de-
posits for one day was in
New York. ..9S& per cent.
LONDON ......................... ...9iH per cent
Edinburgh ......................S6 ..S6 per cent.
Dublin .........................90 80 per cent.
This tabulation in the Commercial
Advertisers opinion illustrates the vast
Importance and value of confidence in
our financial institutions, and to what
an extent commerce and trade are
founded upon business integrity.
The people of Savannah. Ca, are en-
joying the sweet privilege of riding
whittier they please on electric cars at
the rate of cent per trip, and the car
lines collect as many as $4,000 fares a
day; yet a Savannah exchange inti-
mates that everybody is not yet happy.
There are almost as many kickers as If
the fares were cents and cars hauled
empty. There are the motormen and
conductors. They kick because they
have so much more to do without a
proportionate increase in pay, just as
If in the crush fare now and then
should not fall short of the bell cord;
then there are the green grocers and
suburban market men; they are kick
ing because the l cent fares are carry
ing their customers by to the regular
markets and the larger establishments,
and last. If not least, of all the shoe
dealers are kicking because so much
riding saves shoes and causes heavy
falling off in their trade.
MINOR INDUSTRIAL NOTES:
st. Louis was the first city to introduce
the mail car and the hospital car.
The Nickel Plate statement for the Sept.
30 quarter shows surplus above charges
of $lQQ,35l.
There is some talk of sprinkling the
streets of st. Louis from huge tanks
mounted on an electric motor.
A consolidation has been effected of the
Fort Wayne and Eastern railway of In
diana, and the Ohio Railway company.
1t is stated that in round numbers there
are on all lines of steel railways in the
United States $4,000 cars. including steam
dummies, electric motors, cable grip cars,
trail and horse cars.
1t Is announced that the Southern Rail
way company will control the whole stock
of the reorganiZed Georgia Central COM
pany, but that the latter will remain a
separate corporation.
A belicose feeling Is developing be-
nd
vania lines which may yet lead to q pas
senger-rate war. AS yet it is confined to
competing points in Ohio, but is liable
to extend.
The first week in November the Big
-Four handled on Its system 94,2i6 loaded
cars, against 81, 1854 in the corresponding
week of 1893, and against 81, 1882 in the cor
responding seven days of 1892, when
freight traffic was heaviest on the Big
Four.
BY the organization of the Norristown
and Perkiomen Electric Railway COM
pany, which has Just secured charter
from Pottsvllle to Chestnut Hill, where
connection will be made with the Peo-
Pies Traction company to Philadelphia
II Is expected to have the connections
completed by next summer.
According to statistics just gathered
tHele are SlAty-tWO street railways IN the
United States carrying mall fifty-eight
of which have government contracts
Five roads operate special cars for the
service. Thirty-fve roads are now en-
gagged in the express business, while forty.
five roads are hauling freight
w. d. Ewing, who went from the
Mackay lines to take the superintendency
of the Fitchburg railroad, is receiving
praise for the manner In which he Is
handling the department For the quar-.
ter ending Sept. 80 the road increased its
net earnings over the corresponding pc.
riod Of 1893 $l5O597, and increased its sur.
plus sl5I,OOO
Freight traffic on the Pennsylvania
railroads eastern lines is holding its owr
as compared with last month, but is con.
siderably heavier as compared with the
month of November, 1893 The move
ment Is made up principally of high class
freight, on which the rates are more re-
munerative than on grain, coal or Other
bulk freight.
The equipment Of a new st. Louis troll