40 



Ni:\V YORK. 



I. Id to toad 



iinlol to | 



on Jan. ! 



i in .Ian. I, l*>7. they 

 (,480,730, showing an inert-ax- ilurin;.' the 

 B..V1I.H2I. which sum includes $|ii.7.;i.ti"2 

 -t which was credited to deposi 

 .1 net iiierea.se of deposits during tl 

 | i I luring I he year 1887 the savings banks 

 received t!~ from -I- p..- ; iors. and paid to 



thora J \ constant effort is makinir to 



enlarge the scope of investments for savings instilu- 

 Uooa, In ls7 ;, law was passed eh.mging the le-al 

 'f build. MI; an I loan MBOoktk>M and their mode 

 of doing business. Anionir the amcni'uicnts is one 

 which allows such associations to do a savings bank 

 s upon proper guarantees to th<- ntperiotendenl 

 of (he hanking department. Tin- number of banks of 

 On! operated under I he State laws is 

 at the pre~enl time than it has 1,,-en at any 

 .pient to March 'J, I si,.",, the date of the 

 passage by the legislature of the act enabling the con- 

 Tersion of Slate hanks into national banks. Sin 



. the unprecedented number of Id new Stale 

 banks h.uslH-en onr ani/.i-d and entered u|xm active bus- 

 iness. On <l.-t. I. 1*^7. the total of loans and discounts 

 e banks was $118,042,899, out of the total 

 resources, $l 1 .i:i,'.'."il.."il7. Among the liabilities were : 

 ipital, $2.1. :;:'.' i. 7' "> ; surplus, $7,484. 7si; 

 Id profits, $d.s.;i v|> ; due to depositors. 

 -I. Puring ISs; the auLTegate resources 

 of the banks increased $1 1,7o7.27-'i ; the increase in 

 deposits was ?Vd| s.4'.t'.l ; in loans and discounts, 

 fl,"-'U,sss: and in capital, $1. :!">. W.l ; the increase in 

 surplus fund -was $839,188, Mid in undivided profits, 

 ' ', ; the increase in cash items was $d.:i.'!2. Sill ; 

 the amount due from directors increased $721. .V_'s ; 

 overdrafts, $II.:H; amount due from trust com pa - 

 . national, an I private banks and brokers, 

 '21, and U. S. legal-tender notes and circulating 

 f national banks. $ISS.s7d; the incn 

 liti U and mort. '7, and in amount, due 



to trust companies. Stale, national, and private banks 

 and brokers. $129,433 ; in miscellaneous liabilities, not 

 classified, there was a net increase of $2:!2,'.l'.!4, and in 

 IOH and expenn, $13,368. Parim.' 1887 the net -de- 

 crease in specie was $s,,'.).'.it',s, a ,,.l | n stocks and bonds, 

 i he dii-rease in real estate was $17,4'.<2. 

 The amount due to the treasurer of the State of New 

 York decreased $21,d71. and the amount due individ- 

 uals and corporations other than banks and depositors. 

 $114,3.'!'!. The net increase in the capital slock of 

 banks, banking associations, and individu.il bankeis was 

 Of this amount $s7u.Oil I was capital of 

 new associations; $400,000 resulted from the increase 

 of the capital stock of the Hank of the Slate of New 

 York from fstMi.lMK) t,, |>|.2IK(.(MK). 



Iniiiniiii-i; A lav.' of |s,S7 reduced the number of 

 poor co-operative and assessment life and casualty e-im 

 panics, and thus improved the i|iiality of those that 

 remained. It inired that all fire policies 



written in the State shall hereafter be of a uniform 

 Mjleand printed in larire type. For l*s; t| u . ,,,.( in- 

 oreaae in life companies was 81,372 in polici 



- 1 in insurance. The numlier of such com- 

 panies is 2'.i. having assets, $.V.O.d7'.'. 17s ; r(erve, 

 i ; Mirplus, $72.427. f.i'-d. The numlK-r of fi- 

 delity and oasoaky companies u i"; assets, $7.7:;s.."ii2; 

 reserve. $2,510,933 ; surplus, $1,1(12,1 i number 



of co operative eoinpanie- i- 171 ; assets, $10,82'Mi',s. 

 and total liabilities. > There are Idd lire 



companies; assets, $207,l.V.i,'.i2."i ; surplus, $.')7,. r i.V.i.7sn. 

 Tin- riMinlier of marine companies is Id. with assets, 

 I ; surplus, $14.250,457. A law of iss I ha- 

 now becullle op.Tative n-i|iuring that the standard for 

 the valuation of life polici, - and obligations shall IM- 

 or combined experience table of mortality, 

 with interest at 4 per cent, per annum. Companies 

 of other SMI.-, are treali-d with the same m, asnie that 

 they rendel to New YmL e,,iiip,ini--s in then i- -p, , me 



States. Assessment associations arc now required to 

 tile their preliminary papers with the superintendent 

 of the insurance department. A comparison of the 

 - don.' in ls>7 shows that the lire and marine 

 companies fell away nearly $l.4iH,iKKI. The lire pre- 

 miums received were *|s.li lire losses paid, 

 nl I. '.t'.i : tire losses incurred, $18,937,470.98. 

 .mated amount of expenses for the transaction 

 of this business is $5,- r ili7.7sd.72. which, if added to 

 the incurred losses, makes a total of $19,4*5,257.70, 

 showini; as compared with the premium receipts :ui 

 apparent loss of #1 ,li:;'.l,:!!lOI. 



l'risM. Three prisons arc in operation: Sins 

 Sinir, havinif 142") convicts in the year ISs; ; Auburn, 

 INI; and Dannemoru. 7i'iO. Female cotivi-.-ts are scnl 

 to the several county penitentiaries. 1'nder the coii- 

 traet system (by which the labor of every convict 

 broujrhl to the State an average of 40 cents per day) 

 the prisons had more than sustained themselves in the 

 years between Issl and 1 *>('>. Hut sinect the passage 

 of the law alMilishiiiL' contract lalnjr there has Urn a 

 deficit that for 1^7 having been $dn.o4'.i, and that 

 lur is^s beinir still irreuter. A commission appointed 

 in 1886 to iiive-tiL-ate and recommend a substitute, tor 

 contract, labor j:ave nothing practical in its report. In 

 the meantime the labor agitators had demanded still 

 further concessions, and the State account system (the. 

 successor of the contract system) was also abolished. 

 Then it was enacted, at the extra session of the Legis- 

 lature of IxsS. that no machinery whatever should Im 

 used in the prisons, and that all the output should be 

 of articles and materials for use in the several institu- 

 tions of the Slate. This has resulted in the idleness 

 of thousands of the convicts. 



Ijulfir Mntttrs. \\t }^'\ a bureau of the statistics 

 of labor was established under a commissioner who is 

 charged with the duty of collecting and presenting to 

 the Legislature statistical details as to strikes and all 

 other phases of labor, together with the cause of tin- 

 same. The later reports of the commissioner sliow 

 that strikes have diminished in number. In ISSd 

 there was created a Iniard of three commissioners of 

 mediation and arbitration to hear and consider appeals 

 from local boards, and to investigate such eases. The 

 board may subpoena witnesses, but il has no power to 

 decide a dispute. Still il is claimed that the Imard has 

 exercised a deterrent influence upon elements that 

 otherwise would have made much more of a disturb- 

 ||id to its action is attributed the decreased 

 number of strikes. In fact many of the dillicullie.s 

 that arose were amicably settled between the em- 

 ployers and the employed after a brief hearing before 

 the board. 



The civil service is in charge of a board of three eom- 



missi! rs. Klaboratc reports have been made, but it 



must be confessed that the reform cannot be carried OTI 

 until the board is made absolutely independent of the 

 I iovernor, at whose will each member retains his ofliee. 

 S'nii/iiri/ .\ff!n. A State Hoard of Health has 

 been in existence since I .SMI. (I real progress ha - 

 made in examining the drainage and seweraire of un- 

 healthy localities ; and also in applying scientific prin- 

 ciples to the choice of water supplies. The advances 

 of cholera and yellow lever are closely watched by the 

 board. Many specimens of Ix'er and adulterated food 

 and drugs have been analy/.cd and reported as evidences 

 for prosecution In-fore the law. '1 he department re- 

 lating to vital statistics has been _greatly improved and 

 every case of virulent or contagious disease has been 

 examined with care. It is recommended that the, 

 Quarantine station, in New York harW, be demol- 

 ished, and that the cottage plan be substituted. 



<'li<irit<il>lf /nxlifiitiiins. fhc institutions subject to 

 the visitation of the State Hoard of ( 'harities are as 

 follows: I. Those established and conducted lytho 

 2. Tho-e provided for and supported by coun- 

 ties and eitie> ; and, :;. Those under the direction and 

 management of ini-i-iporated hene\..|enl orgttttationfc 



