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Of the Closed Banks Thirty-Seven Have Gone Into the Hands of Receivers and Fourteen Have Already Resumed Business. Greatest Stringency Now Appears to Concern Iron and Fabric Mills. Hardly a Big Enterprise in Either Line, Whether in New England or the Central States,That Has Not Partly Closed Down. STATEMENT FROM ECKELS. Summary of the National Bank Failures and Where Located. WASHINGTON. July 28.-"Recent dispatches having appeared in the newspaDers." said Controller of the Currency Eckels to-day, "that since Jan. 1, 1898, two hundred national banks have failed, I have prepared a statement that the public may be properly informed. Instead of two hundred having closed their doors but 105 have gone into the hands of the Controller of the Currency. Fourteen of this number have already resumed business under favorable conditions. During the ensuing week it is expected several others will have complied with the requirements of the Controller and reopen, while, prior to Sept. 1, an equal number will resume. Out of the total 105 closed, but thirty-seven have gone into the hands of receivers, the balance either having reopened or are still in the hands of examiners with strong prospects of reopening. Five of the 105 banks are capitalized in the amount of $1,000,000 each; one at $600,000, SIX at $500.000; thirty-six at $50,000 and the remainder at $300,000, $250,000, $100,000 and less, but more than $50,000. The greater number, however, are from $100,000 to $150,000. By geographical sections the failures are distributed as follows: New England States, 2; Eastern States, 2; Middle and Mississippi Valley States, 15; North west, 6; Western States, 55; Southern States. 25; total. 105. Twenty-one States and Territories have _reported no national bank failures as follows: Alaska, Arkansas, Arizona, Connecticut, Delaware, District of Columbia, Idaho, Indian Territory. Louisiana, Maine, Maryland, Massachusetts, Minnesota. Nevada, New Jersey, Pennsylvania, Rhode Island. South Carolina. Vermont, Virginia and West Virginia. No national banks have failed in Boston, Brooklyn, Philadelphia, Pittsburg. Baltimore, Washington, Buffalo, Cincinnati, St. Louis, New Orleans, San Francisco, Minneapolis, St. Paul and numbers of other great commercial centers. Only one has closed in New York, two in Chicago and one in Milwaukee. The cause of the failure in New York and Chicago was due largely to mismanagement. as were a number of others. Local scares have caused many, of late, to suspend. Nine of the banks failed were robbed by officials who are now under arrest. The following national banks have been authorized by the Controller of the Currency to resume business: Gate City. Atlanta. Ga.: First, Los Angeles, Cal.; First, San Diego, Cal.; First, Santa Anna, Cal.; First. San Bernardino, Cal.; the Southern California. Los Angeles, Cal: Merchants', Fort Worth. Tex.: Second, Ashland, Ky.; Capital, Indianap. olis, Ind.: First, Palouse City, Wash.; Washington. Spokane Falls. Wash.: National. Provo City, U. T.: First, Cisco, Tex.; Missouri, Kansas City, Mo. Many more will reopen, as the majority of those recently failed are absolutely solvent and only closed through an unwarrented lack of confidence in them causing disastrons runs. There are at this date 3,752 national banks in operation.
