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Banks Reflect Prosperity

Banks Reflect Prosperity image
Parent Issue
Day
8
Month
July
Year
1898
Copyright
Public Domain
OCR Text

Washington, July 5. - Mr. Dawes, the comptroller of the currency, has made the following statement regarding the general condition of national banks at the close of the fiscal year: "The past year has been one of growth and expansión in the business of the national banks of the country, aa reporte of their present condition, compared with former reports, clearly indícate. The individual deposits of the banks, whidi, on July 23, 1897, were $1,770,480,536, reached on May 5, 1898, the sum of $1,999,308,438, and the five statements called for during the past year show that the rate of gain was quite uniform. The declaration of war id not stop this gain, the increase between February 18 and May 5 of this year being $16,647,505, and the inulvldual deposits of tbe national banka of the United States now stand at the highest point in the history of the system. The expansión in loans since May 14, 1897, has been $173,728,865." General Deftciency Agrnment Washington, July 6. - ThO conferees on the genera] deflciency bill have reached an agreement on everything except the Pacific railroad amendment. Chairman Cannon had promised a vote in the house on this matter before an agreement was made. All the senate amendments for the war and navy ara retained in the bill; also all certified claims. The senate amendment makng an appropriation for the purchase of land adjacent to and dredging the entrance of Pearl harbor was eliminated. Fire at Waterf orl, WIb. Waterford, Wis., July 5.- The business part of this city was burned Saturday night. The loss is about $70,000. The fire started in Noel's general store, some oil becoming ignited. The flamea spread in every direotion and it was only a short time before the entire business district of the city was ablaze. The city has no flre apparatus and Burlington, twelve miles away, sent an engine. At midnight the fire had been entirely subdued. Repttblican League Program. New York, July 5.- President L. J. Crawford, of the National League of Reform Clubs, has received assurance that Senator John M. Thurston wil] address the mass meeting at Omaha July 14. In connection with other prominent speakers, President Crawford haa assurance from prominent republicana all over the country of their attendance at the national convention at Omaha, July 13 to 15. President Crawford is not a candidate for re-election.

Article

Subjects
Old News
Ann Arbor Democrat