612 



NEW YORK. 



period amounted to $13,898,198.21, leaving a 

 balance in the Treasury at the beginning of the 

 new fiscal year of $3,837,563.38. The amount 

 received from taxes on corporations during the 

 year was $1,539,684.27, being an increase of 

 $546,959.11 over the previous year. The rate 

 of taxation for the current fiscal year was fixed 

 by the Legislature at 2 T 4 ^ mills on the dollar, 

 which was estimated to yield a revenue of $6,- 

 820,022.29. The assessed value of property is 

 $2,985,682,567, of which $2,432,661,378 is real 

 estate. 



The revenues of the canals, for the year end- 

 ing September 30th, were as follow : 



Tolls $647,602 88 



Kent of surplus water. 1,910 85 



Miscellaneous sources 10,456 62 



Total $659,970 85 



The expenditures amounted to 653,510 01 



Leaving a surplus of $6,460 84 



For the year ending September 30, 1881, 

 the revenue failed to meet the expenditures by 

 the sum of $205,642.45. The following is a 

 statement of freight carried and tolls collected 

 from the opening of navigation to December 

 1st in the years 1881 and 1882 : 



partment was 127, of which number 11 were 

 in process of voluntary liquidation. During the 

 year one new savings institution was organized, 

 and one closed, having first paid its depositors 

 and creditors in full. The condition of the 

 savings-banks on the day named was as fol- 

 lows: 



The tolls received after September 30th, with 

 an unexpended appropriation in the canal fund, 

 amounting together to $588,000, were deemed 

 sufficient for repairs until the end of the cur- 

 rent fiscal year, after which the canals will 

 have to be supported by taxation. Eighty- 

 nine claims, amounting to $168,652.57, were 

 filed with the Board of Canal Appraisers during 

 the year. During the same time 273 claims, 

 aggregating $866,741.58, were disposed of, the 

 awards amounting to $19,644.76. The cost of 

 maintaining the board, exclusive of awards, 

 was $39,639.20, of which $15,280.07 was paid 

 to attorneys employed to defend the State 

 against claimants. 



Seventy-six banks of discount and deposit 

 were engaged in active business under the pro- 

 visions of the banking laws of the State, on the 

 1st day of October. On that day their condi- 

 tion was reported as follows : 



Resources $122,563,460 



Capital 18,805.700 



Surplus and profits 9,657,702 



Due depositors 82,050,980 



Other liabilities 12,049,078 



The increase in deposits during the year was 

 $6,333,850 ; profits, $729,527 ; loans and dis- 

 counts, $5,503,379 ; and the net aggregate in- 

 crease in assets was $9,099,888. During the 

 year six new banking associations were organ- 

 ized, one failed, and one was converted from 

 a State to a national bank. On the 1st day 

 of July, 1882, the number of savings-banks re- 

 porting to the Superintendent of the Bank De- 



, $460,123,582 



Due depositors 400,743,838 



Surplus 59,157,039 



Other liabilities 222,705 



Number of open accounts 1,066,518 



The increase in these several items during 

 the year was as follows : 



Resources $35,918,774 



Deposits 30,071,541 



Surplus 5,853,656 



Open accounts 70,776 



There were 14 trust, loan, and mortgage com- 

 panies in the State, whose condition on July 

 1st was as follows: 



Eesources ... , . . $139,758,534 



Capital 12,579,500 



Surplus and profits 9,854,376 



Deposits 104,888,185 



Other liabilities 12,486,473 



This statement shows an increase over the 

 preceding year of $10,765,848 in deposits, $1,- 

 322,027 in surplus and profits, and a net aggre- 

 gate increase in assets of $13,869,620. On the 

 1st day of October there were in the State 14 

 corporations for the safe-keeping and guaran- 

 teeing of personal property, employing $2,676,- 

 900 of capital in the aggregate. 



There were 151 fire-insurance companies 

 doing business in the State on the 1st day of 

 July, of which 69 were New York State com- 

 panies, 55 were organized in other States, and 

 27 were foreign companies, with assets amount- 

 ing in the aggregate to $154,810,890.43 ; their 

 total liabilities, including capital stock, were 

 $111,423,096.62, and their net surplus $43,- 

 387,793.81. There were 12 marine insurance 

 companies doing business in the State on the 

 1st day of January, with assets amounting to 

 $22,888,423.93, and liabilities, including capi- 

 tal stock and scrip, amounting in the aggre- 

 gate to $18,183,850.69, leaving a net surplus of 

 $4,704,573.24. There were 12 life-insurance 

 companies organized and doing business under 

 the laws of this State, with assets amounting 

 in the aggregate to $225,966,512.02; liabili- 

 ties, $187,050,970.48, leaving a surplus, as re- 

 gards policy-holders, of $38,915,541.54. There 

 were also 17 life-insurance companies organ- 

 ized in other States, but doing business in New 

 York, with total assets of $203,310,947.58, and 

 liabilities amounting to $169,813,325.83, leav- 

 ing a surplus, as regards policy-holders, of 

 $33,497,621.75 ; also one foreign life-insurance 

 company, with total assets in the United States 

 of $128,735.09, liabilities $5,248.75, and sur- 

 plus $118,486.34. There were six casualty- 

 insurance companies, of which two were New 

 York companies, two organized in other States, 

 and two were foreign companies, with aggre- 

 gate assets amounting to $3,110,737.11 ; lia- 

 bilities, $1,948,199.53, and a net surplus of 



