The Fargo forum and daily republican., 1906-03-16
COZ LouRsbeTIy 5 Notes ON. DakoIaRs


Il.
lwas full OF gems OF thought and had j
/ decided effect in knocking the proposil
l,tion to admit New Mexico and Arizona
/ as one state
His grair, inspection bill Is now re-
1 ceivifae tiie attention II &; due. "a 4 sths
sliearing had before the committed a
| few DAYS ago Secretary Wilson. Of the
department of agriculture, said
Inspection of grain as it is now CON
lsducted ii, the United States. is the cause
Of continual dissatisfaction. both among
/ flie dealers in this country and The ptir-
iehasers abroad. The dissatisfaction
among foreign purchasers has recently
Ibecoflle SO acute that our EXPORT trade
lis seriously threatened with extinction.
fui1less some means Of renledving. the ex-
listing condition be sooi, pt,t intsj effect,
Shippers and dealers generally begin
Ito realize that something must Be done
TO hold the respect of the world for
iaileged grades of wheat shipped from
The Tinted States Our trade m Ger
Iniany was nearly wrecked by The dis
Iposition to. eirlbalm THE beef and the
lsadultefation Of other products shipped
Iabfoad
Mr. Marshall,s denatlIrized alcohol
lproposition is also attracting much at
Itentiof. The president has given an in
jterview decidedly favorable 10 the prop
Iosition and the secretary of the treas
lirvs has reporfed fl,at f,e ehanos vill
mot make a serious inroad on tie rev
efiues Of the country. "A sub committee
I,of FIVE has been appointed to draft a
lconnlittee bill on the subject Mr Mar
Ishall will address thu ho,1ss on behalf
jof tile proposition, al, Wednesday. Mr.
spoken in favor of his bill on the same
subject, and on the same lines. His
lspeech was exhaustive and gives d Hood
3of light on the subject.
Congressman Groilna has introduced
la bilIMhich YOU have ALREADY noticed iii
your columns. 1t is entitled, IA Bill
! Providing for the creating Of fund
with the comptroller of the currency
for the payment of deposits III national
blanks that may hereafter become insol4
went
4 Briefly II provides for The deposit of
lone fourth of i per cent Of Tie capitaI
/ stock and surplus Of each national bank
Ito Be held as guarantee find. This
Ideposit may Be REQUIRED annually.
Ishotlid it become necessary OF called
dfor only when needed to keen tip the
Ifund. Provision IS made for bringing
state banks under the provisions of tne
hill
There are soII national banks and
lz7o4 state banks. approxifnateIy, that
lwould be affected bv the bill From
i 1865 to 1909 the average deposits ii, ac-
Ifive NATIONAL banks has been SI. 2o2 SzI s
lfz8. The proved losses from the fall
lt.re of national banks since 1865 has
Ibeeii $I3o. 3So,2o2. The loss to credi-
Itors has been Ssz,a56.oaI The average
! annual loss has been $oo8 Soz or close
1.-THE soil national banks IS $Sr4.zas and
Isurplus $40. 500, Ios 90. The capital Of
1.-THE 1904 state banks is $37o, 6o4o, and
IstfrpIus $154.45o,S ,S4T. One fourth Of /
Iper cent therefore. would produce 3d.
100000 This fund would be sufficient
Ito provide for the losses from bank fail
lures for four years, if the average IS
mot greater than it has been since 1866.
/ There was reported March /, 1906. to
Ibe an aggregate Of $4,000. .Soo.IzI money
liil the United States. OF this aggre-
lpate IS per cent Isl in the invisible sup
lsp1y. as the, wheat men saw. If is not
Hin banks or public. depositories. Much
Iof ii sis II hiding. If IS tucked away
IN old stockings. 4, private safes Or safe
Ideposit vaults. carried On the person.
Ietcs III is believed that the adoption of
ItIiis measure would result IN calling the
lnonev OFF az hiding and more thar,
icompensate The banks for the compare
tfinnd. The statistics given above III some