The herald., 1897-10-23

rection by the Credit Lyonnais, which grad
ually raised its capital to the highest figure
known in this respect in any country,
namely, 200. 600, 900 francs, or say, GS 600 900.
At present 1t is the turn of the Banque In
ternatonale, which is just now preparing
for the issue of 10000 new shares for the
sake of increasing its capital from %. 600 900
francs to 40. 600, 900 francs. In Germany the
proceeding in the same direction, while
in England nothing has been changed IN
this respect, as there the banks rely prln-
cipally on their deposits to do business
with. The following figures. given in ster-
ling, showing the position at the end of
1886, Will be of interest:
ENGLISH BANKS
Capital. Deposits
Lloyds ................G1,6l $4,000 aa2, 600 COO
London and County. 100000 25,200, 900
London & W'stminstr 2,s0O,000 24,2S0, 900
Farf ................ 1,32U,0OD 19, coo
London Joint Stock. 1,S00,O00 15600, 900
Totals .............. Go. $50, 900 Gig go, 900
GERMAN BANKS
DiscontogesellschaftG G5,74S.0oo 1900, ,OOO
Deutsche bank ...... 100000 1900. 00j
Oresdner .......... 4,24S,0oG 2,O00.ot
Handelsgesellschaf 100000 l.S4S.too
Darmsta6ter bank. 4,000,000 1,100, 600
Totals s.............. G22, ,a96. 900 ell 44S, 900
FRENCH BANKS
Credit Lyonnais. 5000 900 G14S40, 90
Compton National. 100000 904o, COO
Socete Generale.... 10000 $500 800
, GREAT lndustricl.... ttJ,Al 1,720 Coz
TotnlS rt5 nc1 iG0 N0fi
las will be seen from i. eoregoing fig
ures. the German banks I've no great
benefit from their deposit; id must rely
on their capital, while til rench banks
are initiating more and m he example
given by the English depc.i. banks In
point of fact, the Credit Lyonnais has
abandoned in the course OF lime all ennis
sions and the promotion of business of a
more or less doubtful character, and culti-
Yates now only the same sort of business
as English joint stock banks have been
doing all along. No wonder that under
the circumstances, the bill case of this
establishment had swollen by the end of
May last to the stupendous figure of 6S4
100000 francs. or. say, G26, $50 900, thus sur
passing the ordinary amount or DIS dis
SO, coo, 900 francs. At the end of June the
contangoes had reached the total Of 14s
100000 francs, q figure likewise not seen
for long time while the deposits at sight
came to Ala, 600 900 francs, and at longer due
dates to co 600. Certainly the profit
derived from business of this kind is not
very large. and in point OF fact the results
obtained by the French banks cannot be
compared with the dividends paid by the
German banks. For 1896 the Credit Lyon
nais declared dividend of only 81 francs,
or scarcely I per cent, while the Compton
d Escompte yielded only per cent, and
the Societe Generate ought to have dis
tributed nothing at ALL in order to retain
the money spent in this way for the pur-
pose of writing losses off the valueless
enterprises, such as the port of Callao
In which the greater part of the capital of
the concern is hopelessly engaged. AS
matters stand, the dividend paid of
3 per cent had certainly not been properly
earned. With regard to the results OBJ
tanned by the German banks, the dividends
paid by the leading establishments for 1896
were as follows: BY the Discontogeseil-
10 per cent; by the Dresdner bank, 5 per
cent; by the Handelsgesellschaft, per
cent and by the Darmstadter bank, per
cent. While bank shares are now capital
lied with us at scarcely more than per
cent, they yield still per cent in Germany,
and the aspect of things in the latter coun-
try is again very promising for the present
year"
The United States treasury statement for
September shows a deficit of 50, ,432717, max
ing the deficit for the fiscal year to the
close Of last month little over $29, ,O12, ,955
This is not very satisfactory showing
for a. month during which interest pay
ments are not large, but the pension roll
and various other expenses are pulling on
the treasury hoard all the time, and 1t
will be some months yet before the new
revenue law converts the deficit into
surplus. The deficit will naturally be
rather large this month, on account Of in
terest payments.
The Oregon Railroad and Navigation
company earned in August this year $685.
ViO, against S544,ltU IN August last year.
The total earnings Of the company from
January lst to August 31st this year were
;2,975,6sS, against S2,651, sOS for the cores
ponding period of 1896
+ +
The Pacific Mail Steamship company
earned in August this year 1881, III, against
e82S,6 SAG in August, 1906. The total earnings
from January 1st 10 August 3lst this year
were 1850, 2s7 against 81, ,GlO $50 for the cor
responding period last year.
4 y r
The Central Pacific Railroad company
earned In July this year 81, 40O07S, against
$hloS 6iS in July. 1896. From January LIST
70 July Slst this year the company earned
Nns,o4S, against S6729,6l0 last year.
4 4 Z
Pacific system for August of this year were
M,sSs6l5, against s4,155.525 in August, 1896
Irom january 1st to August S1st this year
the entire SYSTEMS gross earnings were
'sSl, 0.451 against $780, 9,0S9 for the cores
ponding period of 1896
The Los Angeles Terminal COMPANY
earned In August this year Sl3, 900, agairstA
Ss420 In August, 1896. The total earnings oi
this company from January 1st to August
y