The Washington herald., 1913-01-24
MARKETS---FINANCE---COMMERCE

the same period, excluding those reim-
bursed by national banks, were ss7o.52s.
From May, 1868, the date of the organi-
zatlon oil the Currency Bureau, to June
80 lsl2, the expenses of the Currency
bureau. excluding contingent expenses
not paid by the Comptroller but from the
general appropriation for contingent ex-
penses of the Treasury Department, ag-
gregated sl4,596.167. During this period
taxes paid under various acts to the
general government by national banking
associations exceeded s19s 600. or more
than thirteen times the amount appro-
priated for the conduct of the business
Of the bureau during its entire exist
ence.
Few Failures.
OF the 102S5 national banking associ-
ations chartered during the existence Of
the system, a fraction less than S per
cent failed. OF the 500 insolvent banks
as have been fully liquidated. the cred
itors having received in the form Of
dividends, offsets allowed. loans paid,
&c, an average of S261 per cent. The
expenses of administration of these AS
and other incidental expenses, amounted
to L4 per cent of the nominal value Of
the assets and 80 per cent of the total
collections.
In addition to publishing in his annual
reports fun information in relation to
the condition of national banks, il is
the Comptroller's duty to incorporate
therein such information as he is able
to obtain in relation to the condition Of
all other banking institutions. In 1900
information was received in relation to
the condition of 1887 national and other
banks. with aggregate capital Of sl.l50.
10000 and individual deposits of S7,6SS,-
9sS, 900. In 1872 the number OF banks Of
all classes was 2S 995. the capital being
s.. 0S0. 900 and the deposits ST. 494. 900 0oo
In 1900 the capital stock of national
banks was 81 per cent of the total. and
their deposits 31.97 per cent, while in 1912
the proportion of national bank capital
was 1857 per cent, their holdings of in
dividuaI deposits having increased to
1913 per cent. In 1900 the banking power
of the country. represented by capital,
surplus. and other profits. deposits and
circulation. was slo,SS5 10000. whereas in
1872 there had been an increase OF Ill per
cent. or TO so. 2.54s,7Oo.oOO
Local Securities.
1t was Washington Gas day on the To-
cal stock exchange yesterday. In ALL, 275
shares were sold and the market eased
one-eighth of a point. The sales were
at &IS TO S4as and closed with offerings
at S43s.
1t is possible that there is just 1T
tie speculation in the stock at this time.
because of the suits in connection with
the legality of the holdings of $50
shares of Georgetown Gas stock by the
Washington Company and matters in re-
lation thereto.
That the 5000 shares Washington Gas
stock, collateral security for a loan
made 10 Thomas l. Hume, will come on
the market is not at all likely. and il
the order is given for a sale at auction
Letter interests, back of the loan, will
certainly protect the stock, the loan
Price being s6.62i4.
That the market took go shares on
one-eighth drop is an evidence OF rela-
lively good strength.
The only other interest was in Wash
ington Railway and Electric Is, which
were wanted in all quantities up to any
part of $4,000. They sold at A3sas4lz,
and s41s was bid for any amount
stock Exchange Dinner.
Arrangements for the Stock Exchange
dinner at the New Shoreham tomorrow
night have practically been completed.
The menu cards promise to be unique
and artistic. as well as critical. original.
and pertinent in the matter OF quips.
1t is understood that Roe Fulkerson.
late business doctor, is to talk on THE
of the Aldrich-Vreeland
Currency Law"
Popular songs will be rendered by art
lists. with the diners coming in on the cho-
ruses The souvenirs will be artistic.
each being marked with the initials of a
guest and on the reverse the Washing
ton Stock Exchange Annual Dinner, jan
uary .. 1913"
Bergman is doing the cartoons. MANI
will contribute one.
BatapiIss Deficit.
For the year ended December 81. the
Batapilas Mining Company reports
deficit after all charges. expenses taxes,
and other decutiops, of s17, 400. reducing
the surplus from s3.1S3. l31 on December 81,
1911, to S3.145,.z2 The balance sheet shows
current assets of s1S7, $50: cash, s110.9 .901;
total assets. S12, ,S05, So; current liabilities,
81, ,oS7 accrued liabilities. s11,S7; total
liabilities, 81, ,S05,312.
General Manager w. NJ. Brodie says:
During the first half of the year the pro-
duction fell of. due to less work beng
done. to the ore diminishing in grade, and
to the fact that the principal producing
in the San Miguel mine hap
pened to be upraises, which became hard
to ventilate, and more and more difficult
fore communication with higher levels
could be established"
The silver shipped in bars was: January
to June, 27S; July to December, 2Sl; total,
5O4 bars.
The ore tonnage was as follows: High
grade ores, S12.3 tons; low-grade ores. g.
81 tons; total, S3.075.3.
At the meeting of the board of direc-
tors of the Columbia National Bank.