The Washington herald., 1912-10-08
AND REALTY

Business On the Wooht48t0n BOON NJ.
changs ysstssday vss slightly above the
average In volume. ard brought out some
securities that have not been active re-
Gently. 0man trades IN bonds were re-
corded on cali and after call. being lim-
ited to Single certificates. with little
change IN prices.
Gas stock was the feature Of the day.
several quotation lots being offered. and
takeu st a, which was about half q
point better than recent sales. Capital
Traction sold At INN for . small lot and
Ia for Q quotation lot. One hundred
shares Of Railway common sold At %.
and after call an equal amount OF pre-
ferred at soi These prices were some
what lower than sales recently made.
Work on the interior Of the shorehsm.
getting II ready for the reopening under
new management about December ], II
now well under way, and In being pushed
By the contractors Il In understood that
the improvements will cost about $4,000.
The hotel. when opened,p win be under
the management of w. H. Barse. he
having taken q lease Of the property
from J. Maury Dove. the new owner.
Excessive Leans. ReAseeA.
On June % the Comptroller Of the Cur
rency issued . circular letter to all ma
tional banks. advising them that the ex-
cessive loans in the banks must be re-
duced to the legal limit, and that the law
must be observed on and after Septem-
ber 3. lsl2 On September q call for re-
ports of condition was isSued to the ma
tional banks. and in the abstracting Of
these figures particular attention has
been paid to the excessive loans then
held by the banks. These figures have
now been completed. and the percentage
Of banks violating this law on that date
as shown by these reports are a. fol-
lows. by geographical sections:
In. the New England States: Maine.
New Hampshire. Vermont. MaAsachu-
sets, Rhode Island. Connecticut. four
banks out of 463 have excessive loans, or
81 Of per cent.
In the so-calIed Eastern States, COM
prising New York. New Jersey, Pennsyl-
vania. Delaware, Maryland, and the Dis
trict OF Columbia, in which there are
l.650 national banks. the total number
violating the law Is seventy-nve, or IS
Of per cent. -..
In the Southern States: Virginia, West
Virginia, North Carolina. South Caro-
lima. Georgia. Florida. Alabama. Missis-
sippi Louisiana. Texas. Arkansas. Ken
lucky. and Tennessee. In which States
there are l.4S3 national banks. Is have
excessive loans. or .ss OF 1 per cent.
In the Middle States. including Ohio.
Indiana. Illinois, Michigan. Wisconsin.
Minnesota. Iowa. and Missouri. out Of a
total Of 2.060 national banks, II have ex-
cessive loans. or 50 Of per cent.
In the Western States. comprising
North Dakota. South Dakota. Nebraska,
Kansas. Montana, Wyoming. Colorado.
New Mexico. and Oklahoma. where there
are 1,257 national banks. 81 banks. or
c.6S of I per cent. have excessive loans.
In the Pacific States. including WASH
ington. Oregon. California, Idaho. Utah.
Nevada, Arizona. and Alaska, also in
cluding Hawaii. out Of ~ national banks
IS have excessive loans. or total Of LIZ
per cent.
OF the total national banks in the
United States. amounting to 1881. only
528 now have granted loans In violation
of the excessive loan statute. the per-
centage in the whole country being OIL
Of per cent.
II will thus be seen that a very large
reduction in the number of banks violat-
ing the law in this respect has been
made since June last. at which time the
Of banks wos LIS.
It Is noteworthy that the largest per-
centage OF violations is in the extreme
Northeast and the extreme West. where
the violations Of law in this respect ex-
coed, proportionately, those OF the CROP
moving sections in the South and Middle
West The fewest number Of national
banks having excessive loans is shown
to be those Of the Eastern States.