The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-03
OF INTEREST TO INDIANIANS
COL. RUSSELL B. HARRISON a CALL
ER ON THE PRESIDENT.
Col. RansdeIl and Mr.. Wishard Com
ing Home-The Pacific Cable
Mr.. Deans Appointments.

WASHINGTON, Oct. 2.-The controller of
the currency has prepared summary of
returns relating to the organization of ma
tional banks under the provisions of the
national currency law as amended by the
act of March ii, 1900, statistics being
brought down to the close of September,
1901
During the eighteen and one-half months
ended on Sept. 30 there were organized 7l5
banks with a capital of $50, 2000 and with
deposits of bonds security for circula-
ton OF s1O.552 $50 Included i'm the number
of banks are 4S6 with capital Of under
$4,000 each and aggregating capital stock
of $l2,747,000. Banks of capital of $4,000 or
over were organized to the number of 229,
the aggregate capital being s2S $4,000.
While limited number of the banks or
ganiZed succeeded state or private banks
placed in liquidation for the purpose of re-
organization, ninety-nine with capital of
6,l45,00O were conversions of state banks.
OF the total number of conversions sixty
eight were with a capital of less than $4,000
and thirty-one with a capital of $4,000 or
over.
In number of organizations the Middle
States lead with 224 and capital OF sl2 055, 900.
The Southern States organized III. with
capital of So 21S, 600; the Western States Isl,
with capital of 81. $50 900; the Eastern States
135. with capital of s7.5S9.O00; the Pacific
States including Hawaii, twenty-five, with
capital OF 81 ,e35 600. and the New England
States twelve, with capital of s1.2OOOo.
In point of number of organizations
Texas leads with 90 banks. followed by
Pennsylvania with 50; Iowa, So; Ohio, ~;
Illinois. 40; Oklahoma and Indian Territory.
81 each; Minnesota, Is; New York, q; In
diana, p; Kansas, 2l and Nebraska ~.
With the exception of Vermont, the Dis
trict of Columbia Utah, Nevada and Alas
ka one or more banks have been organized
in every State and Territory of the Union.
Notwithstanding the fact that the act of
March IA, 1900, permits the issue of circu-
lating notes to the par value of bonds de-
posted the banks have deposited bonds to
the amount of a trifie less than % per cent.
of the maximum.
Since March II. 1900. the number of banks
in existence has increased from 3,617 to 4,254,
the capital stock from s6l69OS.095 TO S66l,
S51 .695 bonds deposited from s244. .611,57O to
1890, 72l. $50 and circulation secured by bonds
and by lawful money from 1854. 402. 730 TO
$S5S, SSO,547, or a net increase of $1O4,427s17.
A report on the work of the division of
agrostology of THE Department of Agri-
culture since its organization in 1895 has
been submitted to Secretary Wilson by
Prof. Lamson Scribner. the government
agrostologist. The report says that of the
unoccupied public lands about 365. 100000
acres are now regarded as fit only for graz
ing purposes, and in addition there are 1874
800 600 acres of forest land, the greater por-
tion of which is also used for grazing The
relation of the grazing industry to forest
reserves, the water supply, erosion, etc,
the report says. can be solved only by long
and careful investigation of the facts and
conditions prevailing. As a result of the
field work already done the department has
been enabled TO recommend to farmers and
stockmen throughout the country the for
age crop adapted TO their conditions and
special requirements and to carry on ex-
perir1ents with introduced forage plants
likely to prove valuable in any particular
region. Within the United States
grown over one thousand species of gra sses
and perhaps one hundred more other
plants of sufficient forage value to justify
their investigation and cultivation. Be
cause they are native says the report. they
have been too often not only neglected but
abused. and in some cases partially exter-
minated. Many of these grasses have been
shown by these Investigations TO take kind
ly TO cultivation and produce much larger
quantities of hay and pasture than ordi-
narily supposed.
The President to-day appointed Col. Will
liam II. Bisbee brigadier general Of the
regular army. He was recommended high
ly by Major General Lloyd Wheaton and
Major General Arthur Macarthur for his
He entered the service as a private of the
Eighteenth Infantry in 1861, and served
through the civil war. Colonel Bisbee was
brevetted as first lieutenant for gallant and
meritOrious services in the battle of Muir
freesboro, Tenn, and brevetted captain
for gallant and meritOrious services during
the Atlanta campaign and at the battle of
Jonesboro. Ga, in 1864 He participated in
the Santiago campaign and went TO the
Philippines in 1899. He will be retired on
Jan. 2S, 1904.
Mr.. George B. Cortelyou. secretary to the
President returned from Canton to-day
ana resumed his duties a the White House
Mrs. Roosevelt has appointed Miss Belle
Hagner, daughter of Justice Hagner. of
the Supreme Court OF the District of CO.
lumbia. her social secretary. Miss Hagner
acted in the same capacity for Mrs. Nc
Kinley.
A preliminary report on the manufacture
ing industries of Arkansas. issued by the
Census Bureau to-day, shows the State has
T. IA manufacturing establishments. with a
total capital of $s5 960, $40 and a total of
81. $50. 7S3 worth of products. including Gus
tom work and repairing The number of
establishments is l3l per cent. more than in
1890. The capital engaged I'm the industry
shows an increase of more than 40 per
cent, and the valuation of products 9S per
cent. The average number Of wage earn
eIS Is -D.0Vls loldl NaBtS. so-Ooo.Zti. ana mis-
cellaneous expenses 81. 1872 779. The III man
ufacturing establishments I'm the city of
Little Rock have a total capital of So 434-
393. employ 275l wage earners. drawing
81, ,3s4 722 in wages. and the valuation OF
products is 81 466. .232.
The controller of the treasury has sus-
tanned the auditor for the Interior Depart
ment in disallowing a claim for s441.l72 and
interest presented by John A. Rollins and
James Gilrllan, az their share in attorneys