The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-12-05
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HccuSSu teStlmGAy
the great discrepancy between the num-
Der of cases now being allowed and the
| number allowed two or more years, grows
out OF the fact that the pending cases
| constitute remnant of an immense num-
Der of claims of which those we'll establish
ed have already been adjudicated. The sec
| rotary says the work accomplished in is
| and half months is unprecedented in the
| History of the department being more
| than twice the number of cases disposed
of in a like period by the prior admins
| tration.
Secretary Smith calls attention to the
| saving of $4,770 the Patent Office Ga
zette. the result of contracts by competitive
| bids. The report shows that the total dis
| bursements to date for the Eleventh Cen
sus amount to slO,365.676. In the last annual
| report 1t was stated that something less
| than $4,000 would be ample to finish the
| census. 1t is now apparent that 900
Will complete the work. large portion of
| the force of the census has been discharged.
Between now and the first of January the
| force will be reduced to about 200, and by
| the first of March it
WILL BE DISBANDED,
with the exception of a small number who
| will be retained to supervise proof reading
| and actual publication. Secretary Smith
| refers as follows to the fact that the text
| of the census volumes had been limited so
| far as possible to the analysis of the sta
| tistics presented:
| This method, which is in accordance
with law and with the declaration of the
| superintendent at the commencement of
the work of the Eleventh Census, has, of
| course, caused more or less friction, and in
| some cases individual disappointments, but
| it is believed that the value of the census
| has been increased by it, and the credit of
| the government more thoroughly protected.
| The province of the census is to collect
facts and certify them to the public. 1t is
Lob
personal views The efforts, therefore, to
bring the statements of the census to the
basis of facts, with proper explanations as
| to conditions and variations in compare
| tive qualities, is a proper one, and will
| meet the approval Of all interested in CEN
| work..
| The report deals with the different terri
| tories, and gives much interesting Informal
ton regarding their progress during the
! past year.
The secretary ends his report with an
! earnest recommends ton for an additional
| building for the interior department.. He
| calls attention to the fact that the puid-
| ings have to be rented from private parties
| for the Indian office, bureau of education
| geological survey, the census office, the
| United States pension agency, the civil SER
| vice commission and for the patent office
| model exhibit, and none of these buildings
| are fire proof, and in of fire there
| would be
| CHEAT IOSS OF LIFE,
| and destruction Of valuable and irrepla BILE
| records During the last 10 years 1852 500
| have been expended for rent of buildings
| for this department, and it would be econ
| omy from monetary standpoint to bring
| together in one building owned by the gov
| eminent all the bureaus now in rented build
| ings. The secretary recommends in the
| interest of economy, and efficiency, the
| erection of large fire proof building for
| this purpose.
The report deals with the subject of In
| dian affairs, public lands, pensions patents
| 18th census, geological survey bu-
| reau of education, superin tendent of pub
| lie documents, commissioner of railroads,
| directors of the Union Pacific Railway, the
! territories of Alaska, Arizona, New Next
co, Oklahoma and Utah, inspectors of coal
| mines, national parks, forest reserva tons,
| Yellowstone national park, Yosemite, Sc
quois, Gen. Grant Parks. Hot Springs res
| ervation, the government hospital for the
| insane, Columbia Institution for the Deaf
| and Dumb. Howard University MARYLAND
| Institute for the Blind, Freedman's Hosp-
| tai, and Washington Hospital for Found
| Hngs. architect of the capitol maritime ca
| nal company, of Nicaragua. and Columbia
Railway Company, of Washington, D. C.
REPORT OF THE COMPTROLLER OF
| THE CURRENCY.
| WASHINGTON, D. c., Dec. 1.-The re-
port of Hon. James H. Eckels, comptroller
OF the currency, submitted to congress
| today, gives full information in regard
| to the organization. supervision and liquida-
| ton of the national banks of the year
| ended Oct. 81, 1884, 1t shows that during
| this period but fifty banks were organ
| lied, with a capital stock of $o,2S5,OO0, the
smallest number chartered, as well the
| minimum amount of capital in any one
year, since 1879. OF these new banks, q
| are in the northern and eastern states,
| ten in the southern states, and Il in the
| western trans-Mississippi division.
| On Oct. 81, 1894, the total number of ma
tional banks in operation was 1885, with an
| authorized capital stock of $672,6ll $50, rep
resented by 7.9o5,O76 shares of stock owned
| by 2S7, 1892 shareholders.
| On Oct. 2, 1884, the date of their last re-
| port of condition, the total resources of
| the banks were s., 473, 922, 055, of which their
| loans and discounts amounted to S2,.0O7-
| 122, 1871 and money of all kinds in bank
1922, 42S 1872 Of their liabilities SLIPS, 49, S19
| represented individual deposits 1884, 121 ,062
surplus and net undivided profits, and $172
| 331 97S circulation notes outstanding The
| total circulation Of national banks on Oct.
| 81, 1894, amounted to $2O7, 472, 6O3, net de-
crease during the year of H7H,56S. and a
| gross decrease Of $,614,S6f In circulation
secured by bonds.
During the year 70 banks with an aggre-
gate capital stock of $1o.f15,OoO passed out
| of the system by voluntary liquidation,
| u, including TWO winch ldlleu III 1850, Will
a capital stock of $2,770,000, became insol-
vent and were placed in charge of re-
| ceiverS.
The feature of the comptroer's report
| is his discussion of the currency question
and the defects which are said to exist in
the note issuing powers vested in national
| banks On this subject he says:
! mo section of the law should be dis
turbed which cannot be materially improv-
ed upon and no amendment engrafted I'M
| less such amendment will work out bet
ter results than flow from the existing
order of things From the present law 1t
must be conceded it has been successful
in every material feature, excepting in the
| matter of bank note issues, and here the
failure has been but partial one. The
notes issued by the banks under
GOVERNMENTAL SUPERVISION
have been uniform in appearance and UNI
der any and all circumstances of the full
face value which they purport to carry
They have possessed the first requisite OF
a good bank note issue-immediate CONVEX
tibillty in coin upon presentation.
cit is probable that there could be nc
better plan for simply insurng the note
holder against loss than the present re-
uurement of deposit Of bonds to secure
a banks circulation, but it is equally GER
tain, however, that a method could be de-
vised, not less safe in this respect and II
addition thereto possessing that which i:
essential and is now wholly wanting
= elasticity of issue. The complaint, there
FORE made against the present system i:
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