Hutchinson gazette., 1900-08-23
PRESENT TENDENCIES.
Very Soon u Few Man WIN Absolutely
Control Our Finauces aud HaN-
way sYRtem

hhily newspapers lllt olnci uNS lllU'
must challenge The attention Of thl
Teader Il they do not arouse his fears
showing as they DO how business COM
arol Is being concentrated, The ilrst
contained statement from the lioI!'
nRay Age, which set forth the fact
hhat through the steady ilow Of
smaller corporations into the control
of larger ones rs raroNd companies
NOW control liIOO1 miles Of railway,
md that several systems "nlrpody have
passed the surprlslEg figure Of 10000
miles eNch without any indication that
ahe limit has yet been reNched, The
tabuated statement Is rs follows
New York Central ,,,,,u,,,,,,,u lOilO
pennsylvania Observation-Disclosures, lO3D2
Canadian inc,,,.,,.n,,,,,,.,,,,n lOOlS
Southern Pacific ,,,,,,,,,,,,,,,,,,,u,, N3i2
Chicago a Northwestern ,,,,u,,,, S,lO3
Chicago, Burlington 4 Quincy, sOOl
southern OBSERVATION-DISCLOSURES GSSi
Atchls0n, Topeka 4 Santa Fc,n,,,, 1sNO
Chicago, Milwaukee & st. Paul,,"" 6lSi
Union Pacific OBSERVATION-DISCLOSURES b,bSl
Northern PaClnc NEUTRALITY-SUSPICIOUS., b,ill
Mihhoufl INclnc ,,,,,,,,,,,,,,,,,',,',,, p,I-l
ullnoh Central ,,,,,,,,,'t,.,,,,,s,,'t O,sbi
nrcnt Northern ,,,,,,,,,,,,',,',r,,,, b,'Ol
louisville n Nashville ,,,,,,,,,,,,, 5.OT
Grand Trunk ,,,,,,,,uu,,,,,,ou,, i,HuG
chicago, Rock Island n PlclNcrn,, 30l
Baltimore a. Ohio u,,,u',,,,,,,,," 3,GI
Boston & Maine ,,,,,,,,,,,,,,,,,,,,, 3,2i3
Colorado a. Southern ..,.,,,,,,,,,,, 2.6H
seabord Air Line ,,,,,,,u,,,,,,,,,u, 2,5iO
Jrie ,,,,,,,,,,,,,,,,u,,,,,,,, 2,5O1
A.
WnDuSh OBSERVATION-DISCLOSURES, -,1ua
Atlantic Coast Line ,,,r,,,,,n,n,u 2,27S
Lehlgh valley OBSERVATION-DISCLOSURES, SliA
Plant system ,,,,,,,,,,,u,,,,,,,,,, 2llO
New York, New Haven d Hartford gOli
--
Total miles ,u,,,,u,,,,.n,,,,,,l
The other statement referred 10 the
growth and dominant power Of the
National city bank Of New York, The
article says that this bank recently
made guln In its specie holdings 10
the extent Of SsO0OO0O within one
week; that It's specie reached the cuor-
nous total Of S3l llS2,OOO, and proceeds
to show what that means by the iol-
lowing comparisons! "lhe state.
ments made by 10 nntiounl banks In
Chicago, IN response TO Il call from the
comptroller Of the currency for q
showing Of their condition on April
20, showed that they held S25,isjIO7
IN specie, or about SD,G0O,OOO less chan
the holdings of the National City bank
alone, Adding the legal tenders of
the Chicago banks, the total is Sill
965,1jO which is but $t,9jG,9jD over
the cash reserve Of the National City
bank alone, The total cash reserve
of the six St. Louis banks was Sl3,.
lG2,djS and that Of the 3S Boston
banks S?9,soG,23G The reserve Of the
National City bank exceeds the total
reported by the Al banks in those
two cities by over SLO0J,OOO.
The reserves held In the vaults Of
the so country banks in the states
of New York, New Jersey, pcnusylya-
mia, Delaware Maryland and The Dis.
trict Of Columbia ON April 20 was s3l-
'1sl,oll, or about the total specie held
by the National City bank alone, The
cash reserves held by the 81 banks In
New England was Els,5jH26j, and the
3a6 banks of North Dakota, South ia.
liota Nebraska, Montana, Wyoming,
Colorado New McNjco, Oklahoma and
the Indian territory reported Slo,.
15IS@2 This makes a total Of $685.
7i2,OSj for JGO banks, Adding the
HS2I0l9 held by all country banks
~ W. ''"' w 'h.n' i""""' ''""'
'NcNouu Arizona NHV AINSt0, the e0sh
reserve OF Nv pohhS IN ~ states
ana territories aggregate nearly
S5'ooOoOO below the cash holdings Of
me Natlohal IljE BANK And the
Irluune' from NII'n inns IS quoted,
without intent TO create any fearful
ness or indicate a state of affairs in
any wise out OF the proper, SAYS The
posl'loh OF the National City bank
enabled 1t to absolutely command the
money market II that statement
mad been made by lesser authority,
or one opposed to the control of the
currency ny the national banks, Il
would have been set down rs a "calam-
hty howl But coming from the tinan'
rcial editor of the Chicago Tribune,
At will be accepted as true. How do
the people like the idea, not of the
Hnntipnul hnpl.g nr nnn nntinnpl