The evening times., 1899-11-10
BANKS N VENEZUELA.
Consul PIumacher Makes a Repor
ON Financial Installations.


Consul PIumacher Makes a Report
ON Financial InstitutiOns.
Consul Plumacher writes to the State
Department from ]Maracaibo relative to the
banking institutions II Venezuela.
The Campania de Credito, he states. has
a capital of s16O.O00, and was organized III
1870 by Gen. GuzmaK Blanco. Provisional
President OF the Republic
The Banco Comercio was established in
1889 by stock company. with a capital
of s617.6OO. In lSS4it took over the busi-
ness Of the Bank of Caracas and in 1896
wes merged into the Bank Of Venezuela.
The Bank OF Venezuela was established In
1880 by joint stock company. with a
capital of $l.544.O00. increased afterward
to $685., 900, and reduced lately TO 81.
BIG, 900.
1t transacts all kinds of banking opera
tions advances money for the payment OF
Government expenses. and collects all ma
tional dues. 1t has established agencies
in all the ports and principal towns of the
Republic. The president Of its board Of di-
rectors is Martin H. Perez: secretary. Heri-
berto Lobo.
The Bank Of Caracas was established by
a joint stock company. promoted by Messrs.
II. L. Boulton & Co., Mendoza Co., Leseur
Romer & Co., Ed and Csc. Baasch, Luis
Brandt. and Eleuterio Morales. Capital.
81. .15S. 600: address. A South Avenue. Ii
transacts all kinds of banking business,
Reserve. $11S.SG0. The president OF the
board of directors is NJ. A. MatoS manager.
Luis A. Castillo.
The Bank of Maracaibo was founded in
Maracaibo in 1858 by the Mutual Aid So
ciety, in the form of joint stock COM
pany, with a capital OF $780, $50, augmented
successively to $61, 200. $154. 400. and then
$24l, l,250. The present manager is Alberto
Estrada.
The Banco Monte de Piedad was es-
tablished under the name Monte de Pie
dad in 1890. by joint stock company pro-
NOTED by Jose Martinez, with the object OF
loaning money on jewelry. Capital, 1921 500.
1t was afterward given the name of bank,
which has recently been changed TO In
stituto de Credito Mobiliario" Institute Of
Credit on Furniture}. Capital SIC, 200.
The Banco Colonial Britanico was es-
tablished In Caracas by the Colonial Bank
OF England in 1899. Liquidated in 1S4S.
The Banco Nacional was established by
the national Congress in Caracas in May,
1s41. Capital, s2,50O,000. LiQuidated in
1850
The Banco de Venezuela was formed by
joint stock company In 1861. Capital,
$l1. .S04.l11 Liquidated In 1862.
The Banco de Londres Venezuela was
founded in Caracas by a stock company liz
1865. Capital, $3,0SS. 600. Liquidated in
1867
The Banco de Caraboba was founded in
Valencia in 1888 by a stock company. Cap
ital, 1854, 400. In 1891 it was converted into
an agency Of the Bank Of Venezuela, and
il was liqudated in 1896.
Three credit institutions have existed un-
der the name of Banco de Caracas. The
first was established in May. 1876, with a
capital of s16O. Dob (yenezuelan): the second
in August. 1877. with capital of 100000
tVenezuelan). Which was augmented to
1885. 500 in 1878. and. the third in April.
1879 with a capital of s260.000 tVen-
ezuelan). The last was suspended in Feb
ruary, 1884.
The object of these societies was to sup
ply the national Government with funds.
collect the custom house duties, and pay
the appropriation bills