Items of Interest January 8, 1903 Issue

Items of Interest

During the year 1902 the number of National banks increased from 4,291 to 4,666; the total resources increased from nearly five and three-quarter billions to over six billions—more than a million a day; the increase in loans and discounts was about three hundred millions. The amount of money held in reserve November 25 was over five hundred millions, and the capitalization at that date was $714,616,353.

Dies for the new Philippine coinage are being cut at the Philadelphia mint in anticipation of the favorable action of Congress authorizing such a coinage. The Philippine Commission has agreed to indemnify the mint management for this expense in case of the failure of Congress to pass the coinage bill.

The San Francisco-Honolulu Cable, which the eable steamer Silverton has been laying, was completed in time to allow New Year's greetings to be sent to the United States from Honolulu. It is expected that by July 4 the work of continuing the cable to Manila will have been completed.

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