, 1905-06-14
EDITOR FOSTERS
WEEKLY TALK

has assumed considerable proportions.
There are sixty-nine tanneries opera
ted; the only two in South Jersey re-
porting to the Bureau of Statistics are
those at Cape May Court House and
at Merchantville.
The number of partners, stock
holders, etc., interested in the tan
neries is 279. The capital invested is
between eight and nine millions of
dollars. The selling value of the pro-
ducts exceeds SIS, DOC, 900. Between
five and six thousand persons are en-
ployed by the industry. These figures
are based on the reports for the year
1903, just made public by Winton G..
Garrison, chief of the state Bureau of
Statistics.
The various municipalities in South
Jersey are issuing the annual procla-
nation requiring all dogs to be muz-
zled. The damage done by rabid dogs
running at large has been so great in
late years that the muzzling of all
be a necessity.
The request from the Comptroller of
the Currency for a statement from all
National Banks, of their financial con-
dition May 20, has been obeyed and
the published statements of the South
Jersey Banks show them all to be in
good condition. The only failure of a
National bank in South Jersey in re-
cent years was the n at Cape May,
and in that instance depositors got all
their money. In the west where
greater risks are taken and where
wild cat banking seems to be more
INDUCED in, failures are more hume
rous. A few failures the past year
have been occasioned by the establish
ing of Banks in localities where there
was not enough business to support a
bank, but in few of these instances
have there been any losses to deposit
tors. Banks in this day do business
On a small margin of profit where in
terest is paid on deposits, and it is
necessary to have a good line of de-
posits to pay expenses and show a
profit.
The Marine National Bank, at Wild
wood, now three years old, seems to
have been unusually successful, hav-
ing recently placed $500 to the sur
plus fund and showing $500 in un-
divided profits additional. 1t has
not yet paid any dividends.
1t is usual for conservatively
managed National Banks to allow all
profits to accumulate undisturbed for
five to eight years before paying divi-
dends. This is done to make the Bank
strong and for the protection of deposit
tors and all connected with the Bank.
The Bridgeton, Woodstown, Vine
land, Salem and Glassboro banks, all
make excellent showing and seem not
to have suffered to any appreciate ex-
tent from the organization of the new
banks at Williamstown, Mullica Hill
and Elmer.
The statement of the Elmer Bank
appears in this issue and shows more
than 5000 as profits. The depositors
keep constantly above the $4,000 0
mark, a larger sum than was antici-
pated at this season of the year.
The latest authoritative informatian
shows that in New York and the mid
die states there are 81 fewer publica-
tions than in the previous year. The
south and west show slight gains
in the number. The reason for the
lesser number in the middle states is
doubtless found in the increased cost
of publishing newspapers and maya
zines and in the fact that i'll previous
a the business had been somewhat
overdone. A comparatively small
portion of all the publications started,
die before they are two years old.
The public taste demands much more
extensively gotten up papers than
they were satisfied with a few years
ago.
X x X
The Philadelphia Weekly Press,
established in 1857, will discontinue
publication June IA. 1t is presumed
that with the daily and Sunday edition,
the weekly is no longer found profit
able. although daily newspaper pub