New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-12-05

can EXPORT and import trade now labors
suit of inferior banking facilities. and shows that
these same disadvantages are serious hindrance
to the adjustment OF our trade relations to the new
advantages afforded by territorial expansion
In this connection the report discusses the Ha-
waiian and Porto Rican banking and trade stua-
tons. 1t says:
between the United States and her colonies mus, must
be speedily and firmly laid in proper banking laws vs.
business with the peope OF the colonies without the
disadvaniages EXISTING az present Laws do not au
thorize the establishment Of American international
or American intercoonial banks. nor could any
colony such Porto Rico or Hawaii, even T., II our
laws were Gonrres should
legallze the establishing OF foreign or conniai
under the present law that it should At least pass
laws authorizing under proper restrictions 81, the
on infernatlonoi and intercolonia banking. as dis
tingulshed from domestic banking ADMITS oil "o
Unless some such legislation is provided TIE
American exporter and importer IN ms iaa' e, en
dure all the disadvantages under which In all south
American markets and IN IN ma ny comperon with
foreigners enjoying superior banking faciilties'
The recommendations in connection with TINS
branch OF the report are made as follo"s'
The determination of the relation OF any new
banking system to the Existing pass , Ss~ do from
hose 81 his country involves many difficult ques,
tons and legal provisions for the wb & al
ton OF the conditions Of domestic nanklns anu
finance on the Islands, and wtn a ,ne connection
herewith is respectfully urged upon - our
VisM OF or r new territories Of Porto Rico and
Hawaii and with other south Amercah r nhicI
onr country must exercise a more or less extended
measure OF control the Gontroer earnes' ibo G
CORPORATION Of bank organized for the purpose OF
CARRYING on international and intercoonlai orano"
banking.
The Controller states that;
1-p 10 and including October 81, 1895 there have
beep orranzed 5i5l National banks. q per cent OF
which have been placed in voluntary lquldatlon
ara H., less 6 sa@ Pe ys en' there were IN active
lion as associations with authorized caPtal STOCK
Of s 1885, The 9a; io sss Of
Witch $40 as i5s were secured by bonds and the
h fbe Treasurer Of the United states for the
account of lioudating and hsovrnr nanE notes
outstanding are s9.5S2.Tl in excess Of the amount
on October 81 1891. ,;uoa e,,..s,x
ba Dhrhg Nth tne total capital stock Of sssS5ooo
The number OF banks leaving the system during
one Of which was subsequently placed in the the
charge of receiver The capital OF the d ,c d
he Circulation 10 S2l4&5s. The combined capital
Of the seven insolvent banks was sl.2~co
The Controller is required by law to publish In
his annual report statistics relative 10 banks CHAR
tered and operated under State authority
He states that:
The returns from institutions Of this character
"a the number Of 5l45 have been received. and, in
addition. statements from 75s private banks ana
tons amoun, TO 81 s2s s7 loans and discounts
81 4os.i $50. capital stock S7ooS'Ss ana deposits
The total banking funds Of National banks as
shown by reports on Jy a a 70 s. SIS an
Increase since 1871 OF 1884 O2s.69s