The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-10

The number Of banks organized was as
follows, by States. Pennsylvania, .;
Texas, Ohio and Iowa. I each; New York,
g. Illinois, 4; Massachusetts,, Kentucky,
Indiana and Missouri, 5 each, New Hamp-
shire. North Carolina, Mississippi, Ne
braska and Indian Territory, each; New
Jersey. Delaware Virginia. West Virginia
South Carolina, Louisiana. Michigan, Wis
consin, Kansas. Oklahoma and California,
each.
Beginning with July 10. 1882, and ter
minating on June 80, 1899, the corporate
existence of 1884 National banks, with
capital stock aggregating s4oS,936, ll5, was
extended. and during the past fiscal year
the number of extensions and capital were
"a and s2,525, 900, respectively.
During the past fiscal year Ii National
banks, with cs<ral aggregating s2,oo5,ooo,
we're placed in charge of receivers, Sub
sequently 1t appeared, however, that of
this number FIVE were solvent, two of them
being permitted to go into voluntary ltdnl-
dalton and three resumed business This
reduced the number of insolvent banks to
eight, with capital aggregating s75O,OOo.
Reports OF conditions were received from
1858 National banks on April o. at whics
time their resources aggregated $463s, 1885,
100 SO. an increase since May 5, 1898, d
$3.50, III ,SO2 10. The paid-in capital stock
aggregated S6o7 262, $40; surplus fund,
/ s246, 169, 1885 individual deposits, s2,4S7-
223, 42029, and bank deposits, ss32,34s,-
264 76 The increase in individual and
bank deposits during the year was S437,-
914, 9Sl 3S and $685., 800, 5S0.69. respectively.
During the same period the banks In
creased over specie holdings S4697s,7so.oo.
The interest bearing debt July l. 1882
included unmatured United States bonds
outstanding in the amount of sl,0i6OlO,.
900. This is an increase of Sl9S. 6s4,st0
over the amount outstanding July l, 1898.
and is caused by the issue OF the per
cent ten-twenty loan authorized by act
of congress approved June ID, 1898,
amounting to Sl9S, 67S. 100, aud by the coa-
version of refunding certincates OF the
act of February &c, 1879 into bonds OF the
per cent loan of 1907, amounting, prin-
cipal and interest, to S625O.
The total amount of refunding certih-
Gates outstanding July /, 1899, was 50! ,ssV,
a decrease OF $500 during the last hseai
year. AS the amount of these certificates
outstanding is small, and as there is no
provision of law for their redemption eN-
cent in sums of $50 and multiples thereof
into the bonds of the per cent loan OF
1907. it is again recommended that con-
gress limit the time within which sucn
certificates may be converted into bonus.
, II is also recommended hat the secretary
of the treasury be authorized To redeem
any If such certificates in cash. on pressn-
tation. and TO pay the accrued interest,"
, thereon to date OF redemption.
The history of the department shows
that during the last eight years It mas been
} impossible, for want OF sufficient revenue
, ia comply with the provisions OF section
,, 1884 Revised Statutes. relating to th'
sinking fund. The first four months OF tne
0 current fiscal year produced surplus II
0 the revenues of about 100000, and the
indications are strong that there VIII Dc
y a surplus at the end of the year oil sao''
4 600. 600. Under these conditions, the sec
0 rotary. November 10, 1883, ouered 10 pul
= chase during the month OF November go,
0 900 900 OF the bonds OF the per cent iunu'
4 ed loan OF 1907, or OF the per cent iuat
y OF 1904, at the current market price, Hoiu'
t ers of such bonds availed themselves
the terms OF the offer to the amouhs
y S., and the department 10 ia
y extent has been enabled TO comply VIII
, the provisions of the sinking iunu Ia"
: The above bonds were purchased at a cos
2 Of s.. and the saving to Tn
T government in interest through these oper
II atoms amounted to S..
5 The changes in the amounts OF the sew
= eral kinds of money in the United states
outside the treasury, between NoVemp DC
1 1898 and November l, 1893, are sho"
In the following table. The estimate
population OF the United States NovemDe
/ 1898. was TO. 059000, and the per capri
supply OF money outside the treasury wa
s2is7, The estimated population ana ps
capita supply Of money November ], io
we're "a. $40 900 and $3.50. respectively
Comparative statement showing the chans