The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-02-06

l W
sent the amount due depositors. That is, the
savings banks are indebted to the people in
the above sum.
| But how much cash have those banks on
hand with which to pay that amount of debt?
| The comptrollers report for 1891, p $40,
shows that all savings banks in the United
| States have only
Cash and cash items. 4243627l
! Due from other banks. ............ 49, 46S, 9S1
! $l24,g05. 252
| They ows individual deposits and
other banks payable on demand 80 559, 1928
| Total savings deposit, cash IS 92,345, 424
| (These banks hold less than per cent of the
| deposits in CASH.
| We deduct the cash due commercial deposit
ors and other banks, for it is payable on de-
mand, and could not be used under the head
ofsavings deposits.
Now it is evident that II g run were made by
depositors on savings banks to draw out their
cash that only the above 500, 345, 424 could
possibly go into bonds. But practically an
other fact is apparent only part of the above
sum would go into United States bonds, not to
exceed in all probability SEC, 100000, for the
greater part of American savings bank deposit
ors are saving their money to invest in homes
and property as soon as it accumnlates.
Again, savings banks are paying depositors
higher profit than the bonds.
But if the sale of bonds was for gold alone
the savings banks could furnish but
small amount, for all banks outside of national
banks held at the last report only SO, 347, 100
in gold of which Swings banks probably did
not hold SO 900, 600
Now, turning to the commercial banks of the
United States, we find that at date of comp
trollers last" report in December. 1894,
the accounts stood as follows:
20 NATIONAL BANKS.
Gold coln.......... ..$l2o,oZU,Z5o
Silver and observation-disclosures. l95,67s,3 9l
Total 1928, 69s, es1
Against this stands
Demand national bank notes IS l72, 1881, 97S
Individual deposits. ...,.. 1,728,418,Sl9
other liabilities not including
capital stock or surplus. ...... 642, $50, 300
Total ..,.....................$ SO, 543, I'll, 1O6
1t is very evident that in the face of the
above facts the ma tional banks are not in posi-
ton to indulge in popular loan. 1t is fur
Their evident that If their depositors were in
duced to invest in such bond loan 1t would
be attended with financial crash.
State banks show as follows:
Total cash and cash items. S144517,l23
Less-Cash items are not cash and
statistics show that about one
r..., O. oc ,I.,,o
s... -. 80
Due depositors. .$65S, j OF, 494
other liabilities. not including
PH ''0'A' e'o'''''
49,, n-oo a., oar
60, 80. - ~ 800 so
o. "t,n y. snio A.ouns Hnu onis ~oo'
-, ~ -. 49,. =. 80 ,1,.,a " p~'
sa,-,a -, sean,. -. .. 49,,
80. " AA'eS' ~ ''i'eu
ms T.'N,p ~, oou .,
n,, ~. ~ "noio nnanoiai ooAuiion y.
III, - - --'> -
ror., ,,o,,rv avn
Gala @,,, oe, on,
otha. DO, o ooo
ro.., o.e, 100 %,
-. : - &C., 49,. - ''Yoo 80 80 80
$50, 49,. , NV iAoiuu"s
D., so,;ras ha,,.s ,,o.o
D. n,.io,, AZ ~. b. 20 ~,
D., -, - 80 ooo o., - go aee
ro+a, esor,o,z,,,
" . " y ~ ~ 49, ~ 80 10
were taronrn nv H. 49,. V ~ Ir.,,,
60. :, ~ "a o n.eu
So ~ 49, .-,.. oA IL w. o,i'eu
800 NV a .,' nnaloai anu business
D' sao 90 VIZ WIN "' ie'ei eeen vi
u, Tsn t ~
nc oni'eu STATES arc unosr a nnanciai raio.
ing nn"n0i"i ing 10 IN ,ie sauuie' .moroush.E
oisani1eu anu unuei aoie ieauefs' Inc people
"no 'heii ooi,s iessinen arc u'sorsahlzeo RAD
oie anu aie oeins uri'en iA'o ia'al nnanciai
"Lr ,
thefe 10 ohiy one Possip!e soiutlon. mo
pa'ohWoiA VI nianoiAl iesisi"tion must De re-
piaceu ny uniior" sss'ein oroao enough ana
ehons enousn W ooiiy on pusiness' IL must
Dc olsuncti'eiy anu independently American
anu exclusively III 'ne interests OF tne Ameri-
can people, ~ must use OUT goio' silver ana
currency
Inc currency must Dc issued py the nation,
packed oy tne "nole wealth. OF the nation
WIN the nation ialtn pledged 10 redeem II at
such time as the nationai interests require 1t
10 DC zone.
current redemption must be eliminated
power to call in gold from the banks of the ma
ton when required Tor public use. The gold
and silver taken from the public lands and
lands hereafter patented must be subject to
tho prior right Of the United States to buy
them at their commercial value for legal ten
der currency whenever the pubic good re-
it
Use the currency and silver for all domestic
purposes and leave the gold exclusively for
foreign use.
The demand for gold will thus be Icssened,
Al r.,I ~