The Montgomery advertiser., 1902-08-28

ization of national banks under that act | Up to the first of the present month Al | additional national bIHks have been or. ganized and placed in operation. In that
 March IA, 1900 Most of these banks, ac- col ding to figures of the Controller, have capital stocks of less than $50,000, and a majority of them have capital stock of
 sS.ooo "The law has been of special beceft to the Western communities,
 said Controller Ridgeley, flor majority Of the banks organized within the last year have been located in the agricultural
 districts, in places where they would nev- CT have been national banks under the old alw. The banks are all in propsr- ous condition. There have been but two failures of national banks since l came into office last October. One of these was in Alabama and was due to footing from the inside. It had been rotten for some years. The other failure was in Ohio, where a small bank had been robbed by
 its officials Under the new law there
 has been large increase in national
 bank circulation being the natural re- suit of the esta tablishment of more banks. v Applications for the establishment of national banks under the new law are re- ceived daily by the Controller. Up to 1909 new national banks, of which 14S
 were formerly State banks. About $50
 State and private banks have liquidated
 ST hs % wR dr o san 5 aSe oNOhA
 organized solely on account of the induce ments held out by the law. The new
 banks organized under the present law have an aggregate capital stock of $64,- G75. coo. Most of the new banks organized are located in towns and cities Srving a population of 5000 or less and most of them have capital stocks of between $25, 900 and $50,0O0.
 Treasury Department officials are qui- etly winking at an evasion or violation of the law down at Nogales, Arizona, which has for its objection the getting even with the beef trust. It appears that complaint was recently made to the treas ury officials to the effect that beef was
 being brought into the United States from Mexico without the payment of the | was referred to the collector of customs at Nogales, and his report has just been | received at the department.
 Nogales is on the border between Mex | ico and Arizona. with the boundary line
 running through cut of the. principal streets of the town. That fact alone makes the enforcement of the customs | laws a very difficult matter, as 1t would be at least burdensome to require the in- spectors to search man every time he journeyed across the street. According | to the report made to the Treasury De pertinent, beef is a very scarce article
 in Nogales: Arizona: while the meat
 plentifuly supplied. The butchers In the Arizona side of the town are frequently
 unable to keep any stock on hand. and
 their prices are always high. The Amer
 jeans have consequently been patronizing the Mexican shops When a citizen
 wants roast or a steak he journeys
 across the street into a foreign country and makes hrs purchase. The butchers of Nogales, Arizona; filed the complaint. ruling in the case. The collector at Mo-
 gales has been given to understand, how ever, that the practice of Arizona citi-
 zens in buying beef for home consump-- tion in Mexico is not to be interfered
 with, particularly If the supply in the Arizona markets Is scarce and the prices unduly high. The latest report is that
 the matter promises to be adjusted by the removal of all the butcher shops of the town to the Mexican side of the street