The herald., 1898-03-27


1t may be even greater nc. to have enc
mics"
According to Brads,reet's a phenomenal
foreign trade is foreshadowed from the
figures obtalnable, and that journal treats
the subject In its usual thorough manner,
saying:
The preliminary statistics of foreign
trade for February and the eight months
ended Herewith. develop further an eX-
hlbit foreshadowing vast total for the
completed fiscal year. The value of the
exports in February, 1897. showed fair
increase over that for the preceding year
and large increases over the two years i'm
mediately preceding yet the figures of ex-
ports for February, 1898, show an increase
of over $5,100,0o0 as compared with Feb
ruary of last year. the total being $04, :
OF. The imports for the month amounted
to III, a decrease of over S., 600
as compared with the corresponding month
of last year. The free-of-duty imports
exceeded those of the dutiable class by
nearly $4,000, COO In February, 1897, whereas
= last month the dutable goods exceeded
those free of duty by over $7,700,000 In
February, 1897. the excess of exports was
valued at $40, ,5S3.079 whereas last month
the exports exceeded the imports by &1,-
e9S,9O0. or more than double the amount
of the excess for February. 1897.
For the eight months period ending with
February the exports were valued at SS1S-
S10,O71 which was an increase of $IS,3Il sos
as compared with the corresponding period
OF the preceding fiscal year. To appre-
ciate properly the significance of this in
4ease II should be recalled that the total
Tor the corresponding eight months of
1869, with which the comparison is made,
represented an increase of 21.9 per cent
over the corresponding period of the pre-
cedng fiscal year. The imports were valued
at 1898. 10S. .9G6. which represented decrease
of $2sS06.42S as compared with the corre-
spending period of the preceding fiscal
year. In the eight months ending with
February of last year the non-dutiable ex-
ceeded the dutiab,e goods in value by
little over 81. 100000, but IN the CORES pond
ing period of this fiscal year the dutiable
exceeded the free-of-duty goods by over
$9.i01,o00 Last year the exports for eight
months exceeded the imports in value by
$3l2, .S19. whereas this year the excess on
the same side amounted to s419 6t1 1O5
The feature In the movement of specie for
the month was the excess on the side of
gold imports. The exports of gold coin
and bullion amounted to 1851 1861 and the
imports to $5329. 109. an excess of imports
amounting to A,S77.7i2 as compared with
an excess of COS on the same side in
FeDTudTy, 1891. FOr the eight months end
ing with February the exports OF gold coin
and bullion amounted to $12 74O which
was a decrease of $3.041.61 as compared
with the corresponding period of the pre-
cedinS fiscal year. The imports, on the
other hand. amounted to s36 2lSH7 which
represents decrease of $42. All. 500 as com
pared with the corresponding month of the
preceding fiscal year. The imports of gold
for the eight months ending twin Feb
showed al ba
amounting 10 s23, 439 637. This Is a much
smaller excess than that for the corre-
spending period of the fiscal year 1S96-97.
which amounted to $G2 S75. 541, but the re-
cent heavy imports of gold will materially
modify the next showing made by the
Treasury figures in this respect.
Receiver Washburn of the Bankers AL
lance has issued the following circular,
which is self explanatory:
That the reason for my recommenda-
tion to policy holders 10 take out policies
in the Mutual Reserve Fund Life Asso-
citation may be made plain. will state that.
acting by authority and direction of the
court, | made an arrangement with that
company by which they were to pay the
Bankers Alliance the regular agents COM
mission on all business transferred to them.
All such funds become part of the assets
of the Bankers Alliance and will be used to
pay the Indebtedness of the company.
While no policy holder can be transferred
to that or any other company without his
consent. it is clearly of interest to every
policy holder to increase the assets of
the Bankers Alliance as much as possible
whenever 1t can be done without detriment
TO himself. The reason the Mutual Re-
serve was selected was that II was
an old and apparently responsible COM
nd ,ci hut
holders in the Bankers Alliance had by
joining that company, thereby indicated
their preference for that form of insur-
ance.'
The regular agents commission" above
referred to Is siXty-five per cent on the first
years premium and a smaller sum on re-
uewals.
Assessment people seem to have
some trouble lately endeavoring to bring
their association members up to the point
of paying reasonable amount for indem-
nifty. says an eastern insurance journal.
Many people have been misled by the idea
that insurance can be furnished below
cost Some have profited for fourteen
or fifteen years in the Mutual Reserve by
actually receiving insurance below cost,
and many millions of dollars have been
paid out by associations doing business
which have been furnished below cost. If
the Mutual Reserve and Covenant Mutual
and other associations of q similar char
acter can bring their members to under
stand that they must now pay n fair price
for insurance to hold their membership,
they will succeed and go on and do busi-
ness: but unless they can bring their
members to that conclusion, they must
stop.
T The statement for the week ended 18th
Inst. of the New York city banks shows
an increase in reserve of $o33S.625 The
banks now hold S2S, ,060,050 above the legal
requirement against a surplus OF S4S, ,1CS.-
a75 this time year ago. and $19, ,042, ,675 two
years ago.
o o o
Imports of dry goods and merchandise
at the port of New York for the week
ended 18th inst. were valued at $9,127 ,254,
against $11 729, $50 last week, and $40, ,654 1856
in the corresponding week of last year.
Total since January 1, sos 1851 ,140, against
sIOi, 400 ,617 in the corresponding period of
last year.
National Bank Changes
The latest bulletin of the comptroller of
the treasury. dated March 81, 1898, gives the
following, among other changes:
National Banks Organzed-The Citizens
National bank of Cedar Rapids, Iowa; cap
ital, $100, 900: J. L. Bever, pres; J. w. Bow
dish. cashier.
The First National bank of Elizabeth,
Pa. capital. $4,000; J. Pierce. pres; A. D.
Pierce, cashier.
Corporate Existence of National Banks
National bank of WaIla
Walla, WASH, until March Is, 1915
mi Ay,kt ,1I hoo 80