The herald., 1898-04-19

or the surplus thus hown. paid up cap
ital is represented by $36,51S,31 and re-
serve by $23, ,939, ,2S6.33.
The aggregate resources of the banks
under the jurisdiction of the commits
sioners, as above set FORTH compare as fol-
lows with the totals nearest to the same
date In the previous two years:
1885, March .......................$z .$zIo,V5o'Sll
1897, February 2S................. 26O ,O53 400
1885, March OBSERVATION-DISCLOSURES. 267 ,9ll ,7l9
The resources now and year ago. clas-
sified as to banks, compare as follows
1897. 1897. 1885,
Savings ...........sl41. 1879 $3.50 1888 SOP
Private .............. 2,420349 2,71S, ,164
Commercial ....... 115,917.312 114,910. .O53
Total ........ $3.50, ,O53, 400 $267 7,911 ,719
Despite the transfer of the Union Trust
company from the Savings Bank class to
the commercial bank class during the
year the resources of the savings banks
show large increase greater In fact than
the aggregate gain from all the banks
combined.
Several American life insurance compan-
les had profitable connections in Cuba be-
fore the insurrection made business there
- peculiarly hazardous. One of the large
companies, says the New York Post still
has many policy holders on the island, and
collects Its premiums through a banking
house. Another company had 100000 Of
insurance In force, q quarter of which has
lapsed since hostilities began. The rates
charged by American companies were
about a third higher than those asked
here. although the mortality among the
natives is said to have been no greater
than that observed elsewhere.
The manager of the Cuban department
of a well known company said: I'VE did
large business in Cuba until about three
years ago. Since then, of course, little has
been done. The companies suffered most
from death of foreigners on the island.
These could not stand the hot climate and
succumbed readily to fever. If peace is
restored we shall probably push business
in Cuba again. but 1t is difficult to pre-
dict today what can be done. There are
many wealthy persons on the island who
might take out policies If we could only
reach them"
The Long Island Railroad company of
New York Is building special car, which
is to be utilized for the purpose of laying
the dust along the various divisions of the
road. The car will be constructed in
different manner from any that has yet
been built, as 1t will contain an Oil tank
which Will be filled with oil, and the fluid
will be used in wetting down the roadbeds.
The main line of the road has recently
been all relaid with cinder ballast, and ex-
periments with oil have demonstrated that
the fluid is excellent for sprnkling pur-
poses. 1t is expected that the car will be
in readiness for use by the middle of May.
o o o
At the San Francisco Stock and Bond
exchange Saturday morning Market Street
Railway sold at 81 for the stock and 1908
for the per cent bonds, Hawaiian Com
mercial at 23 to 2l1a, s. P. Branch Railway
SIS at 11Ols, S. p. of Arizona 6's at 1922 s. ".
Water at $685. to 99la for the stock and 1151a
for the per cent bonds, Oceanic Steam
ship at 45, s. f. Gas and Electric at So to
S2a.
The Investment board reported sales of
Giant Powder at 40 and Hawaiian Com
mercial at 22k and 21k.
o O O
The Pacific Surety company has declared
the usual quarterly dividend Of per cent
payable Immediately
The Fireman's Fund Insurance company
has declared a quarterly dividend of 50
per share, payable next week.