The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-04

and to the great advantage % general bus
mess needs, public moneys were kept on
deposit IN national banks until the maxi
mum OF SI03, 59S. 610S4, was reached Feb
ruary TO- 1900, in addition 10 s., 496, 2G7. 50
TO the credit OF disbursing officers
For these funds the Treasury held as
security United States bonds for the full
sum at par for fours and fives. with a
margin OF per cent on threes and 10 per
cent OF twos- No guaranty for moneys
could be more sue and certain.
IN every State except Mississippi and
Nevada, and in every Territory except
Arizona ana the Indian Territory. deposit
taries were designated While the sur
plus permitted. every applicant, wherever
located, Offering the necessary bonds re-
ceived the share Of deposits desired.
These depository funds are available
for the use of the Government as the cor
venienee of the Treasury may demand In
order TO meet the payment for the funded
loan OF 1891, called May Is, 1900, notices
as fellows were served On the banks, ask
ing for the transfer TO the sUb-treasuries
OF : percentage Of the funds held by them:
On May %, for he transfer Of s., 81, 900
on or before June ;; on June I, for the
transfer Of 81, 9s6,000 on or before June
&c, and again on June q, for the transfer
of S4,945, SEQ on or before July 16. These
or before the times fixed without the
slightest default
The attention Of Congress is called to
the inconvenience Of handling the public
Moneys in Hawaii and. pTospectively. in
Porto Rico, resulting from the provision
in section 5152, Revised Statutes, forbid
ding the deposit OF receipts from customs
in national bank Gepositaries.
AT present the collector of customs in
Hawaii is obliged to send s1l moneys col
Iected by him on account of duties on in
ports to the sub-treasury at San Francis
co. while public moneys required for use in
Hawaii may, as consequence, have TO be
transmitted by express or otherwise to the
islands Thus double expense. increased
risk. and unnecessary delay N the public
business may be and are occasioned- There
seems to be good reason why customs re-
ceipts of Hawaii and other island points
should be excepted from the provision OF
section 5153. Revised Statutes, which re-
quires the depos:t of customs receipts in
a sub-treasury. Liberty should be given to
collectors of customs at the places indi-
Gated to deposit receipts with designated
depositaries. as is now permitted by law
in the case of collectors Of internal reve-
nue.
National Banks.
During the existence Of the national
banking system, SAT- national banking as
sociations have been organized, of which
1 ,2S7 have been placed IN voluntary liqui-
dation BY the shareholders. and 374, which
failed, in charge of receivers, leaving
ISIS banks in active operation ct the
close of the year ended June 80, 1900. De-
Quoting the IS banks placed in voluntary
liquidation and 9 in charge of receivers
(the latter including previously report
ed in voluntary liquidation), there was a
net increase in active banks Of 227 during
he fiscal year.
The net increase during the year Of
national bank capital was SO, So, $50, the
total authorized stock of all banks On
June 80 being $627, sos. 095.
The number of banks organized during
the year in each State and Territory is
as follows: Pennsylvania. 30; Texas,
Ohio. and Illinois. 20; Iowa, 16; New York
and Oklahoma, Is; Iniian Territory, IA;
Nebraska, 10; Minnesota, II; New Jersey,
10: Indiana, 9; Virginia. s; Kentucky and
Kansas, 7: West Virginia and Wisconsin.
): Connecticut. Maryland. and North na-
kota, 4; New Hampshire, Michigan, Mis-
souri,, South D&kot2, Colorado, and Cali
fernia, 3; North Carolina, Georgia, Ala