The herald., 1897-04-27
OFFICE OF THE HERALD.

Mortgages. The record for the week
ended the Gath instant, shows 66 real es-
tate mortgages filed In this county to
secure $93, ,03055. or this amount 10 loans
were made by banks for $17.75o. and II
loans by building and loan associations
for $9275.
The bank loans were as follows: South
ern California Savings banks (S) $1100;
Main Street Savings bank, $500; German
Savings and Loan society (2) $4,000; Citi-
sens bank, $4,000; Security Savings bank
(2) $3.50; Union Savings bank, $500.
According to the circular Of bank in
vestment companies recently issued, the
following showing is made of banks in
the United States, which have deposits
of over $2o,000,O00.
German Sav. & Loan, s. r. .s2S 612110
San Francisco Saw. Union. s. E.. a.7lS,420
First National Bank. Chicago..... 32372,415
Illinois Trust & Savings. Chicago 25. $50. .S20
Bank of America, New York;. q. .307. 800
Chase National Bank, New York. %, 700
Chemical National Bank. N. Y..... 24.451. 400
Frst Natonsi Gy Sann Bank Nsw New York
Fourth National Bank, N. Y...... A,315.000
Hanover National Bank, N. Y..... 24,S6. 200
Imp. & Traders National, N. Y. 25,533. 900
National Park Bank. New York. a. 100
Central Trust Co., n. Y............ %, ,240, ,156
Farmers Loan e. Trust. N. Y...... 2s.s51, $50
Mercantile Trust Co., N. Y........ 29, ,791, ,663
New York Life Ins. & Trust Co.,
New York. ........ 4,l3I .I9S
Union Trust Co., New York.. ....... Sl.768. .8sS
United States Trust Co., N. Y...... IS, 80, f29
Bank for Savings, Now York...... 80. .30c. 900
Bowery Savings, New York. .... 81, 200. 900
Emigrant Industrial Savings NY. As. 200. 900
German Savings, New York;. "a, 200. 900
Greenwich Savings, New York.. 80, 500, 900
6eamen's Savings, New York;. 35, 100, 900
The committee representing the Ma
tional Association of Manufacturers that
set out from Philadelphia not very long
ago to inquire into the position Of Mexi-
can trade and prospects for further de-
velopment has now reported. 1t has ar
rived at the conclusion that the CONNER
cial integrity of the country, coupled
with the system of long credits, offers
splendid opportunity for the establish
ment of bank that would discount notes
given in settlement for purchases. 1t ap-
pears that majority of manufacturers
get the notes taken in this way dis
counted at home banks, but this class OF
business does not meet with much favor
on the part of the institutions concerned.
The report continues:
"A bank located in the City Of Mexi-
co, where reliable information as to
credits would be obtainable, could. in
the opinion of your committee, conduct
an exceedingly profitable business, and
would, in turn, be of immense benefit to
the manufacturers of this country"
The conclusion arrived at as a result
of the investigation seems to be that
- e. i
ment of the trade between the two coun-
tries, and the committee has evidently
heen very much impressed with the
sound position Of affairs in the sister re-
public.
The State Bank Of Chicago has issued
crease the capital stock from $500, 900 to
100000.
The officers of the various banks of
Augusta, Ga, have decided to accept
only certified checks from depositors in
Payment of obligations. This is done
to discourage the practice of "kiting."
which, it is claimed, has been much
abused of late.
Hugh Colin Smith has been elected
governor of the Bank of England and
Samuel Steuart Gladstone has been
made deputy governor. Mr.. Smith is
chairman OF the Ceylon and Oriental
Estates company and director of the
Alliance Insurance and Australian Ag-
ricultural companies. Mr. Gladstone is
a member of the East India firm of
Ogilvy, Gillanders & Co., and is d.
rector Of the Peninsular and Oriental
Steam Navigation company.
The supreme court of appeals of vir-
ginia had before 1t recently the case of
the Western Union Telegraph company
VS.. Godding, in which the defendant in
error, brought suit to recover from
the telegraph company the penalty of
800 prescribed by the code for failure
to deliver a dispatch promptly. The
company attacked the provision of the
code providing the penalty on the
ground that it was unconstitutional, but
its contention was over-ruled by the
supreme court of appeals.