Show na i S The bank Made mergers I recently taking place pia In IA New York and Chicago which were waro alleged aU to fob be H preliminary to the formation of K a s great t central bank If sr Congress can caa ae be e Induced to authorise snob an Institution have been Men fol tol awed wed by 17 news of oC bank consolidations con m ht Great Britain a whore where a bank already exists During the past year the th London Joint Stock Stack beak bank amalgamated with Ute the York City eft and aDd County Banking company thus acquiring branches branch covering 08 nearly the Ute whole whoa of o England The London and County Banking flanking company amalgamated with the Lon London London don ddn and Westminster bank This TIt amalgamation n Is 18 notable for tor tho the rea ma reason reason mason son that the latter hitter was the first joint I stuck bank to be created and had never established branches s beyond Lo London suburbs Tho London City and Midland bank pursuing a definite policy absorbed ah a leading Bradford bank and thereby obtained an nn Important business In the center of the tho woolen trade Parrs bank strengthened its tot foot foothold hold In tho the west of or England through an alliance er W amalgamation with an ar old established banking company there thereSo thereSo thereSo So tho tendency is la toward consoli consolidation consolidation dation In banking circles as ns well wen ns as in I all othor business The Tho Lon London LondOn London don Timos in discussing ina this tendon tendency cy tty says I It n is Impossible to withstand the law Jawor of and the boards of or several of or the lesser London banks must mut we w imagine be considering whether they will wUl adopt a n policy of or expansion by bur absorbing some of or the smaller institutions which remain or themselves them fact face ta tho position with In Increasing Increasing Increasing creasing competition from Crom powerful rivals who may in a few tew years force torce them to deplore lessoned Je profits at their shareholders meetings and final finally finally ly Jy to cause their institutions to become one of or the absorbed It is probable that the conditions are alike I In both countries and that 1 Inevitably Heritably the smaller and weaker we ker In Institutions must be absorbed by their more mere powerful rivals |