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| lnvoritism so disastrous 10 honest and un


aided industry, which attaches the bank
ing system, in New Orleans as well as


Pittsburg, and every other place where


bank exist:


''By official communications made by a


Joint comittee Of both houses Of the Leg


islature Of Louisiana, in December, 1887,
and March, 1888, il appears that the La


hiItv of the bank directory ore in num-


bcl) of the sixteen banks in New Orleans


to those banks, was as reported by them
selves, scpenteen millions eight hundred
and sepenty.fps thousand fire hundred and
ninety-tpo dollars, namely, az payers and
discounters, Sl5,507,27l, and as endor-
sers, So, ,26s, ,31l, the total amount of all
the discounts of the banks, being at the
same time $52, ,iO7, ,l70, exhibiting a bank
liability of l73 directors in an amount a.
bout equal to one third of the bank labiI-
ity of the whole population Of Louisiana.
We thus see the bank liability Of bank
liability of bank directory composed of
400 persons in two states mississippi and
louisiana amounting to thirty eight mil |
lions of dollars. From no other states
have any official returns on this subject,
except from single Branch Of one bank
in Alabama, in which the liability Of the
directory of that branch alone, was half
a million of dollars. From what we have
seen, in these Tires states, there cannot
be doab., but that the total liability Of
all the directories to all the banks IN the
Union, cannot be less than one fourth of
the total liability to the Banks, of the
whole people of the U. States"