New-York tribune., 1897-01-30

banks in the State is S691 16i.JC4 Notice
Greater New-York's proportion The total
amount deposited in savings banks in the
United States is 81. .9O1 .1j6,277. Again observe.
More than one-fourth Of the total is the incre
ment Of Greater New-Y York's frugal multitude.
The trus; companies in Brooklyn number nine.
once more turn to the figures
Gaaiisl @'q is surplus. Profits.
New,York City Sls-co S7sis2s s2,sss,s ,SS S,s
Totals .............. 81 y. go sl2s7s2is 12221N
II will be noted that no accoun. is taken in
these figures of the capital Of the safe deposit
companies. which runs far into the millions. and
again there is no record at hand of the fifty
private banks and bankers Of New-York City, at
the head Of which stand houses OF the financial
solidity and worldwide reputation OF j P. Nor
gan & Co. Morton. Bliss & Co. and others
Of lesser public note but Of equal moneyed
vitality. These figures pave the way to the con-
sderation Of the computations OF the Clearing
House Manager William Sherer. in his annual
report made on October | last showed that
the transactions for the year had been as fol-
lows:
Exchanges so $50 s9i $50 s.
Balances lsi5 2s. .223 70
Total transactions 100 SO
the average daily transactions were: Ex-
changes. $50. I'D il2 ~ balances. SGOi3.511 -.
total transactions. S1o2.276,O13 II. The Clear
ing House has been organized institution for
forty-three years. and here are the figures for
that period
Exchanges 1o2. S6iOl2 S32 Is
Total 10 500 $50 81
The labor Of removal OF the immense hoard OF
gold from the vaults Of the old Clearing House
-s., ia. SAT forf7-
pany. in the Equitable Building. completed
on Saturday morning May O. 1896 and then the
Clearing House Association felt that thcy hac
indeed made the change from the old 10 their new
home which as has been before stated. is OF
the most beautiful examples OF fine architecture
in all Of Greater New York Although II is his
tory. yet the far-away reader cannot fail to be
interested in this episode in the life OF the
notable financial institution In the United States.
There $32,UO),rO in sold III the vaults OF
the Clearing House which belonged and still be
longs TO certain members Of the Clearing House
Association and which comprised about half Of
the gold usually held by the associated banks Of
the city. The banks owning the gold hold deposit
certificates issued by the Clearing HOus" Com
rnltfee and the certificates are availab be at all
times. but only for the purpose Of settling bal
ances between the banks and the Clearing House.
Certainly any bank desiring can get the gold by
release IF its certificates but it is improbable
that any of 1t viii ever be so released as the
naper passes for current coin. II is safer in the
clearing House vaults than anywhere else this
side the centre Of the earth and perhaps the
only move that will ever De made VIII be to IN
crease rather than To diminish It's volume In
rho removal OF the gold the Clearing House OIL
ciaIs were very much exercised over the possi-
b1ities Of the case and every precaution was
made to keep the fact Of the movement secret.
The first truckoad Of S-.""o" was transporter
on Thursday, April 30 90 that ten uaSs "e''
consumed in the removal ana WIN 'he eAeep'''''
OF the ensuing Saturday ana "u"ua'' - 80
constantly on S3,o~cOo beins taken o"' oi II
. oon ann ZACH OF the succeeding days