The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1902-10-03
Monthly Report OF Controller Shows
Steady Increase I'm These Gate.
ways OF Financial Commerce.
MEXICO REACHES AFTER TRADE
SPECIAL COMMISSION WILL VISIT
SOUTH AMERICAN COUNTRIES.
Sites for Indiana Public Buildings
Changes I'm Designations of Local
Postal Substations.

WASHINGTON, Oct. 2.-The monthly
statement of the controller of the currency
shows that the number of national banking
associations was increased during the
month Of September by the organization of
thirty-eight banks with aggregate capital
of s3.03O.Ode. bonds being deposited thereby
as security for the circulation to the
amount of s5O6. $50 Fourteen of the associa-
tions. with capital of s2,425.OOo. were with
individual capital stock of $4,000 or over
and twenty-four. with capital of s6o5. 900.
were banks of the class authorized by the
amendment of March IA, 1900
The number of conversions OF state into
national BANKS during the month was
seven. of which four. with aggregate capt.
tai of s1O5.Oo0 were of the smaller class and
three. with capital of $675OOo. of the larger
Five of the associations. Of which three
were organizations with the minimum
amount of capital stock. viz, $4,000, and
two with $4,000 capital each, were banks
organized to succeed state or private banks
placed in liquidation for that purpose
Banks of primary organization numbered
twenty-six, of which nine. with aggregate
capital of 81. $4,000. were of the larger class
and seventeen. with a total capital of s425.-
VJ, were Ol the Class.
From March a. 1900. to Sept 80, 1902, there
were added to the system 1,179 associations
with aggregate capital stock of SOS, 1854, 500
Included in the total number of organiza-
tions are 153 banks. with capital of 81, 1885,
600, which were converted from state insti-
tutions. There were organized as success
ors to state or private banks placed In
liquidation for the purpose $50 associations
with total capital of s2o,510.0O0. The result
ing number of primary organizations is go,
the aggregate capital being $50. 6S9,5OO
The total number of national banking
associations organized during the existence
OF the system is SAB. of which 1851 were
I'm operation Sept. 80. National banks
TO the number OF 1.405 have been placed I'm
voluntary liquidation and 3S7 in charge of
receivers.
The authorized capital stock of banks on
Sept. 80 was Sill ,l67 sos. showing an increase
I'm number OF banks since March IA. 1900
OF 1.Os4. and in capital stock of ss4. $50. 600.
During that period bonds on deposit as
security for circulation increased from
cured by bonds from s2l6,374.795 TO S323 S43. :
IA. a total increase of s107. 46s $40 The
amount OF circulation outstanding secured
by deposits OF lawful money account of
insolvent and liquidating associations and
those reducing their circulation. Increased
during the period from s3s,O27,935 to $40
150. f54. The total national bank circula-
ton outstanding amounts to $500. 993. SOS.
The Mexican government is lending its
authority and assistance to a strong effort
making by the Mexican commercial inter-
ests TO capture a share OF the trade of Gen.
trail and South America. United States Con-
sui Canada. at Vera Cruz. reports to the
State Department that this IS TO be ac-
complished through the agency of a Next
can commercial commission. in part aided
by manufacturers, but supported principal
~ by the government. This commission al
ready has started on a long journey through
Central and South America, though IL may
seem strange that the voyage lays first
through New York and thence across the
Atlantic 10 Europe. Returning TO South
America, the commission will spend eight
or ten months In effort to stimulate
Mexican trade with the countries visited
The purpose is to study what Mexican
products can be placed in those countries
and also what articles can be obtained
therein TO make up the necessary return
cargoes. IL IL intended also TO discuss the
establishment OF direct lines of steam
ships.
James s. Easby-Smith. pardon attorney
in the Department OF Justice. has rendered
10 the attorney general his report of pardon
work transacted during the year ended on
June % last. The report shows that 7ss
cases were handled. The majority OF them
were reported adversely by district attor-
neys and judges. and not considered by the
President. The President acted on 3l5
cases, or which he denied Isl and exercised
executive clemency In some form I'm 1884,
he granted sixty pardons. three condi-
toual pardons, twenty-nine pardons 70 re-