Show THE PANIC AND THE BANKS A most moat comprehensive table of ate tiet loS calculated to show the effect of the be recent panic on the banks bank of the country auntry has baa been prepared by and pu blish iod io in f tit suptei br ber 28 23 tola this consists cona lats of a complete list batot or the suspended institutions in eluding national state detate and private banks and trust and mortgage investment companies grouped by tates tor for the ei echt lit months of 1898 together with their smote and neb lies with few exceptions them thee SUN air pensions pu naiona occurred during may june july J uly and august and it is ia very gratt graft tying to now note that a large number nae already resumed ot of the lour four utah in tor for instance in the blade black list all but one the park city banks bank having gooe gone back to business again fiad full list however valuable for his hi tonial re reference terence would scarcely arcely eo inter est eat the gent general iral it reader iader but a summary a rw few iu to be of value to every one during the eight months ending august 81 the total number of banks banka to 10 suspend was waft with anaeta of and by those these institutions were located au ad states no assets new fingland hn lin gland 12 i S middle as aoa ly western 91 bod 29 iao 1 azo southern 64 84 pacific territories oties 8 9 aud and there have been up to date considerably sider ably over a hundred the list before us giving 94 with a con confession conie eBlon jession that the report la is incomplete I 1 commenting upon upon the fore going table tabe Bradd bradstreets reds says gay the extraordinary tra effect of the panic of 1898 19 1 seen in a marked excess exhem of total of assets of suspended aue banks banka as AN compared with total in all sections of the country except in the middle and in the new england states from fro na another table it becomes apparent that private state and national banks suffered sufi ered in the order arder named so tar far as being compelled to 10 suspend la Is concerned thus the sum eua pension of private banks in western west rn anu and north hii western stern states elates alone Dumb numbered ered about one fourth of the total of all banks suspending i all states while the state banks which suspended in wester and northwestern states are fifth nath of the total which suspended throughout the country the number of western and northwestern national banks which suspended was only 15 per cent of the total number of banks which suspended but while the private banks bank bankson of the country fur fished the larger prop nion of those obliged to suspend within the past few months 31 per cent their liabilities were relatively small only 11 per cent ut of the grand total of liabilities of all banks suspending during that period state bauks suspending rank second in point of number furnishing 80 per cent of the grand total with only 21 per cent of the liabilities suspended national banks amounted to 27 per cent of the total number of banks embarrassed but their liabilities formed 48 per cent of the lue aggregate debts of all banks banka reported embarrassed savings banks banke which suspended make relatively the more normal showing 8 per centon cent of the whole number aud and 9 per cent ot the gross liabilities anis dissection of a series of disasters that filled the country with alarm can be read with greater complacency PIS ency COnCy now than could have been developed a few weeks ago it may furnish a les lesson sott and will at least enable each reader to draw important conclusions interest in the subject however will not be completely satisfied until every bank that has a good excuse for its eAle existence tence and though honestly managed has had to succumb to the storm shall have extricated itself from the breakers and be sailing ailing smoothly once more in the waters of prosperity for statistics showing bowing that happy restoration this paper will always have a place in its columns reserved |