Harrisburg telegraph. [volume] (Harrisburg, Pa.) 1879-1948, 1918-07-20

uTeS computed Dy commissioner OF
Banking Daniel f. Lafean and is
sued by him in conjunction with his
summary of the results of the call
for statements of institutions under
his jurisdiction as of June 90. The
quotas allotted to the state banking
concerns aggregated $162,622.430,
11,91O,730 for those in the Third
Federal Reserve district and $780,
711,700 for those in the Fourth.
The subscriptions reported by or
through these banks amounted to
S19S.344,700, of which trust COM
panies reported $15,771,50 banks,
S31,734,300 and savings institutions,
s9,S3S,900.
Mr.. Lafean's summary of the re-
suits of the call is the most COM
plete ever issued, a new feature be-
ing the holdings in coin and paper
money. Comparisons are made
clear back to the results of the call
of March %, 1917. The figures run
high into the millions.
Assets as of June % aggregate ST.
6SS,5S9, ,441.45 against $1,700,979,-
1886 on April Is and s1,616,06S,-
262.14 on March %, 1917. The de-
tailed report on assets as of June 20
shows: Banks, $271,S24,349.O1,
trust companies, SLAP, 2,71O,321.13;
savings institutions, $274,O63,771.S1.
institutions, $50. The April Is re-
port showed banks, $271.
trust companies, S1,44S,333, 523.22;
savings institutions. $2SO,930,972.S3:
institutions, 529.
The statement as to deposits and
depositors shows:
June %, 1918: Deposits. $780,
726,451.49; depositors, 2.9S7,726.
April Is. 1918: Deposits, $1.3OS,-
0QQ 0n7 InnnSff4rg
December IL, 1917: Deposits. ST.
312,571, ,3S7.5S; depositors, 2,S7S,790
August 21. 1917: Deposits, ST.
267. zoos, ,6S6.o2; depositors, 2,S45,S6S.
March %, 1917: Deposits. $1,261,-
715,276.05; depositors, 2,650,610.
According to the summary of the
June % call results: Trust COM
parties had 1,642,6O9 depositors
against 1.530,439 in April, banks
754,101 against 74S,545 and savings
institutions 541,016 against 514,4S1
last spring. Trust funds on June
20 aggregated $1,447.34S,767.92
and $1,303, 3,107,S12.07 in March last
year. The average deposit is given
as $429.79 against S467.95 last spring
and S476.01 in March of last year,
but it is held here that Liberty Loan
and War Savings probably caused
the reduction. What are classed as
savings fund deposits are given as
aggregating 1851, ,5S2,S25.7 or con-
siderably over a third of the de-
posits on June 90. In April they
were 0,S7S.4 .434.S6 and in March
%, 1917, they amounted to $522,-
663.535.57.
The total of coin and paper money
on June %, is given as S26,903,149.
The trust companies are by far the
heaviest holders. The total of gold
coin held is S4,170.373. of which the
trust companies reported $3,111.29s;
standard silver dollars, S41O,0S3. of
which s2s6,275 is held by trust com
panies and S1.756.745 in fractional
silver. The holdings of paper money
are gold certificates, $3,55O,03O: sill
Yer certificates, s2,54S,770; national
bank notes. s3,602,S96; legal tender
notes, S1.Ts2,014; Federal reserve
notes, $9,0S2,23s. OF the latter the
trust companies hold $6,6S6,S19 and
the banks s1,S33.0S4. the savings in
stitutions having s560,335.
Child Labor Law Effective.-As a
result of hundreds of inquiries re-
garding child labor regulations in
Pennsylvania coming to the State
Department of Labor and Industry
since the United States Supreme
| Court declared the Federal child la
Dor law unconstitutional, Acting
Commissioner Lew r. Palmer to-
day issued a statement pointing out
| that the Pennsylvania child labor
| law is effective regardless of any ac-
ton taken on the Federal child la
lor law. The Pennsylvania child la
Dor law of 1915 definitely specifies
legal requirements for working chill
dren in this state. Children under
sixteen may not be employed more
than fifity-one hours a week nor
more than nine hours a day nor he.
| fore o'clock in the morning nor
after 8 O'Clock in the evening and
eight hours of the fifty-one hours
must be spent in continuation
| school. Minors under fourteen NAV
not be employed in any establish.
! ment or in any occupation and nc
minor may be employed in any sa
| loon or barroom where alcoholic H.
! quors are sold. Children betwee1
/ fourteen and sixteen may not be
| employed without an employment
! certificate which certificate must be
| kept on file in the establishment
where they are employed. Vacation
| employment certificates are reuuir.
| ed If children under sixteen work
! during vacation time.