The herald., 1897-12-28
OFFICE OF THE HERALD.
Los ANGELrs. Dec. q. lsg7

of which more than $1l 0O0, 900 are owned by
foreign Insurance companies. and are de-
posted In this country with state officers
- security for American policy holders. OF
the remaining registered bonds owned by
residents of foreign countries more than
o6,O00.000 are owned by Cubans, leaving less
than 100000 as the amount of United
States registered bonds held by capitalists
IN Europe. 1t y estimated that the amount
Of United States coupon bonds held abroad
y less than $l0.0oo.OOo.
The outstanding debt of the United
States on November 30 was as follows:
Regis
Title Of loan. Rate. istered. Coupon
Funded 1881 1881 ...4M sS5'ssa,5oo -.
Refunding cer-
tiflcates ......4 ........... ............
Loan Of 1904....5 61,7S2.450 1926, $50
Loan Of 1s25....4 1Ob.1S7.75o 57,ls7s5o
Total .,........... .$6S2, ,S51 100 $164, ,470. 200
The grand total, 1t will thus be seen.
amounts to $S47. .s65560.
United States bonds issued In aid of Pa
ednc railroads. outstanding principal ag-
gregating $64.62S.b12. not included.
The greater portion of the outstanding
loans belongs to people Of moderate means.
either through direct ownership or
through the ownership Of banks, savings
banks and other institutions which are
their property.
The supreme court Of Georgia held, in
the case Of Thompson VS.. The First State
Bank ct al. that the words without re-
course had no fixed legal Significance
when employed In the assignment of in
struments other than negotiable promis-
sorry notes and bills of exchange, and there
fore the assignment Of q judgment by the
plaintIn passed to the assignee the title to
It with all resulting incidents. including
the right to stand In the creditors place as
regards the means Of its collection and en-
forcement. together with any incidental
rights or advantages existing at the time.
the fact that in the writ
ten assignment of the Judgment such as
signment was stated to be without re-
course"
The question arises. says the Mining and |
Scientific Press: What effect will the |
Klondike craze have upon Californian" |
Probably beneficial one. 1t will bring |
10o, 900 men to this coast. many Of whom,
sooner or later. will see the superior ad- |
vantages OF California as gold producing |
region. and who may ultimately make CAL |
ifornia their home. San Francisco has |
valuable and interesting prac-
tical object lesson for the modern argo-
nauts In the shape of an exhibit at the
Alaska trade bureau, where everything |
likely to be needed in provisions and OUTFIT |
Is represented. 1t Is thought that the
trade OF '9S will occasion consid-
crable local business activity. 1t is calcu-
lated that 1000 miners will go from Califor-
MIA, 5000 from Colorado. 500 from Arizona,
700 from Utah. 1000 from Montana and 500
from Idaho. Those going from this Sec
Hon viii supposedly be experienced and
well equipped.
Acting Commissioner of Patents Greeley
has made some important amendments to
The rules governing the practices of the
patent office, and they have been approved
~ Secretary Bliss. These rules will apply
% all cases filed after January /, 1885, all
,ases filed prior thereto being subject to
he old rules. and provide that no inven-
ion submitted Is patentable II 1t has been
described In printed publications two or
more years before the filing of the applica-
Ion. Heretofore. IL foreign patent has
been taken out before an American patent
he term of the latter was limited to the ex-
'iration OF the foreign patent, which often
esulted In the practical loss OF many val ,
able patents by giving them very short
ife. The new rules do not make this limi-
alton, but II the period between the two
|atents - over seven months no American
'atent will be granted. Heretofore prefer {
nee In acting on applications was given to {
INVENTIONS deemed of special Importance to 6
he government, especially to the army
py navy. Now such cases will be made
pecial only when the department interest /
d Is personally represented before the
atent of1ice, and asks for such preference. 6
me year Is named as the period within {
ghich failure to prosecute will be held to |
onstItute an abandonment of the applica- I
lon for patent.
There are some funny things even in r
uch dry publication as the Bankers AL I
1anac, II one takes the trouble to look for n
hem," says the Detroit Tribune. 1.-THE Il
'ondon and Westminster bank, for ex- \
mple. huge institution, with a capital 4
$N.00o,000 publishes the follow r
Is notice: 1.-THE officers of this bank q
re not allowed to receive any Christmas
oxes or gratuities.' LII
Several English banks gravely announce /,
nat their officers are pledged to secrecy I
, to the transactions Of customers r
THE London and Yorkshire bank adver- Q
ses that current deposit accounts may be a
pened and conducted on terms to suit Gus a
'mers either with or without commmis- G
on, interest being allowed on the balance n
credit" n
The Ohio National Bank Of Washington, = =
. c., will shortly be converted into saw :.
gs bank by unanimous consent and desire y
Its oflcers and directors. A meeting OF :.
le directors has been formally called by :,
lillian Oscar Roome, the cashier for ~ ~
ecember 7. the announcement reading =,
|or the purpose OF considering and acting :,
pom the voluntary liquidation of said "
INK" The plan OF converting the Ma =
onaI bank into q private institution has y
zen decided upon by the people interest .
!. A statement OF the reasons that de- "
ded the directors to make the change is =
follows: "There are too many national p
inks in the city now. We are not doing !. =
sarly the business that we could do II we a
ere not hampered by the restrictive laws a
,verning the conduct Of national banks. "
III be able to use profltably as a savings -
nix. The old stockholders will be given q !.
9 preference in the new institution, and e
. ALL believe, desirous that the change a.
made" The new bank will be located in III
2 same building as the present institu- a
IN. and It is thought that the same Of "
'ers will be chosen m
=
Among the new trusts which are talked
Il one Of tinplate manufacturers with
nominal capital Of sao,0oo,ooo.
81 agreement has been reached by the =
Iyin Association Of New York Fire un- b