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LONDON FIGURES
Carlisle Says They Must Rule. HE SUSTAINS MR. PRESTON. Over Two Hundred National Banks Have Failed Since the Beginning of the Year. Special to THE MORNING CALL. WASHINGTON, July 22.-Secretary Carlisle this morning authorized the Associated Press to state that he fully approves of the policy pursued in his absence by acting Mint Director Preston in purchasing silver, and that the same poitey will govern silver purchases in the immediate future. This statement will set at rest rumors that the Secretary would on his return reverse the policy of the treasury in purchasing silver. Preston was intrusted by Secretary Carlisle with rentirediscretion in purchasing silver when he left on his vacation. This morning with the approval of Secretary Carlisle he refused to purchase 100,000 ounces of silver at 70 cents, the London price being about 691/2 cents. This lot was part of a lot offered yesterday at 73 cents and was declined and counter offer made of 71 1/2 cents, which the holder refused to accept. This morning he offered as stated 100.000 ounces at 70 cents, but Preston informed the offerer that he only purchased silver on silver days-Mondays, Wednesdays and Fridays. The total silver purchased 80 far this month is about 1,800,000 ounces, besides some local purchases which may bring the total up to 2,000,000 ounces. It is not expected the total of 4,500,000 ounces will be purchased this month, but this does not worry the treasury officials, as Secretary Carlisle holds with Preston that the law does not require the treasury to purchase that amount in case it is not offered within the market price. Since the 1st of January nearly 200 national banks have closed their doors against less than 50 during the same period last year: five have been United States depositories, as follows: First National Bank of Little Rock, Ark.: Gate City National Bank of Atlanta, Ga.; People's National bank of Denver, Colo.: German National Bank of Denver, Colo.; Kentucky National Bank of Louisville, Ky. This latter bank, which closed its doors to-day, had, by the last report, received $320,000 of United States funds. The Government, however, will not lose anything by these failures, as each national bank that Is a Government depository has to deposit United States bonds to the amount of Government money it is allowed to carry. In addition to the heavy failure of the Government Depositors' Bank at Louisville, three other failures of national banks were reported to Comptroller Eckels this morning. The failed banks are: The State and First National banks of Vernon, Tex., capital.$100,000 and $80,000. respectively. and the State National Bank of Knoxville, Tenn.. capital $100,000. All are small institutions, the deposits in each being in the neighborhood of $100,000. The Comptroller appointed William A. Rice receiver of the Puget Sound National Bank at Everett, Wash., and George Hoffman receiver of the Bozeman National Bank at Bozeman, Mont.