PENNSYLVANIA. 



647 



027; improvements, $310,210; making a total of 

 $10,478,820. and leaving a deficit for the year of 

 $907,402. The deficit for 1893 was $000,693. 



The statement of the Philadelphia and Read- 

 ing Coal and Iron Company for the fiscal year 

 ending Nov. 30, 1894, shows : Gross receipts, $22,- 

 236,863 ; gross expenses, $21,968,310, leaving a 

 profit of $208,553. From this is deducted $1,294,- 

 154 interest, leaving a deficit for the year of 

 $1.025,601. The deficit for the year 1893 was 

 $195,649. 



The decrease in returns from passenger traffic 

 is attributed to depression of business, and the 

 competition of trolley lines about Philadel- 

 phia. 



The steady decrease in the freight rate on an- 

 thracite and bituminous coal, and the falling off 

 in the total tonnage carried, is given as the rea- 

 son for the decrease of $1,543,552 in the receipts 

 from the coal traffic. 



The report of the Lehigh Valley Company for 

 1894 shows that the gross transportation earn- 

 ings were $17,497,140, and the operating expenses 

 $13,320,829. Net earnings, $4,176,311. This 

 amount was increased to $4,400,810 by income 

 from other sources, from which $4,273,740 is de- 

 ducted for fixed charges and rentals, giving a 

 surplus of $127,070. Additional items of income 

 which are classed as not being pertinent to the 

 year swell this surplus to $312,029. The total 

 earnings of the Lehigh Valley system, including 

 its water lines and the Lehigh Coal Company, ag- 

 gregated about $3,500,000 durincr the year. From 

 the tonnage statistics of the company it appears 

 that the anthracite coal carried during the year 

 declined in amount from 11,477,630 tons in 1893 

 to 11. 103,157 tons ; the bituminous coal and coke, 

 18,823 tons; and the miscellaneous freight, 260,- 

 897 tons. The number of passengers fell off from 

 0,300,039 in 1893 to 4,612,652 in 1894. 



The State was defeated, May 14, in an attempt 

 to collect from the New York, Lake Erie and 

 Western Railroad Company the amount of a tax 

 assessed against a certain portion of the bonds 

 and other evidences of indebtedness issued by the 

 company. 



Banks. The report of the Superintendent of 

 Banking shows that the capital of banks under 

 his supervision increased during the nine months 

 ending Aug. 31 from $8.461,559 to $8,893,800. 

 The capital of the trust companies increased 

 $213,901.36, showing an aggregate increase of 

 $640,202.30 of capital, although the number of 

 institutions was diminished by one. 



The capital of the savings institutions remains 

 the same. The surplus of the banks was increased 

 from $4,384,301.34 to $4.530.589.13, and of the 

 savings institutions from $0,437,745.85 to $6,659.- 

 510.31. The surplus of the trust companies was 

 reduced from $10,988.719.49 to $10,024,012.51. 

 The aggregate surplus held by the several insti- 

 tutions on Aug. 31 last was $21,270,007.95. 



The deposits of banks increased from $38.841,- 

 537.83 to $39,809,022.70; in savings institutions, 

 from $00,025.821.14 to $68.300,496.42; and in 

 trust companies, from $80,060,354.59 to $88,386,- 

 207.88. 



The loans of banks decreased from $28,471,- 

 947.50 to $28,333,461.78; and of trust companies, 

 from $07,860,934.23 to $65,534,192.54. 



The Middletown National Bank, one of the 



oldest institutions of the kind in Dauphin Coun- 

 ty, closed its doors in September. The follow- 

 ing week the cashier and his brother were arrest- 

 ed, charged with misapplying $50,000. 



Insurance. The following summary shows 

 the result of the fire, marine, and inland busi- 

 ness done in this State by all companies in 1893: 

 Premiums received by stock companies, $10,683,- 

 706.56 ; premiums and assessments of mutual 

 companies, $1,772,919.06; total, $12,456,625.62. 

 Losses paid by stock companies, $0,051,820.13; 

 losses paid by mutual companies, $1,225,078.31 ; 

 total losses paid, $7,876,904.44. 



The business of 1892 compared with that of 

 1893 showed an increase in 1893 of $15,011,990 

 in fire risks written ; a decrease of $203,919,454 

 in marine and inland risks written ; an increase 

 of $2,220,490.98 in fire premiums received ; a 

 decrease of $705,213.94 in marine and inland 

 premiums received ; an increase of $8,903,089.55 

 in fire losses paid ; an increase of $398,057.20 in 

 marine and inland losses paid ; an increase of 

 5*75 in ratio of fire losses paid to premiums, and 

 an increase of 11-19 in the ratio of marine and 

 inland losses paid to premiums received. 



Building and Loan Associations. There 

 are 1,239 of these in the State. Statistics of 1,079 

 of them show that they have a membership of 

 238,985 : their assets in 1893 were $81,870,964 ; 

 dues and profits, $74,710,419. The entire losses 

 reported to the bureau of industrial statistics 

 were $51,015. 



Industries. There was a large decrease in 

 the production of bituminous coal in 1893, com- 

 pared with that of 1892, while there was an in- 

 crease in the production of anthracite. The 

 aggregate production of bituminous coal for 

 1893 was 43,421,898 tons, while the production 

 in 1892 was 40,570,576 tons. The decrease in the 

 production of coke was also verv large. In 1892 

 there were produced 7,891.630 tons, or 2,342,330 

 tons more than in 1893. The aggregate produc- 

 tion of anthracite coal for 1893 was 47,179,563 

 tons, an increase of 1,444,189 tons over the pro- 

 duction of 1892. 



The number of men employed in the bitumi- 

 nous coal field in 1893 was 81,800, and for the pre- 

 vious year 78,789. The average annual produc- 

 tion of bituminous coal per man in 1893 was 531 

 tons. There were 455 fatal accidents in the an- 

 thracite region last year, and 131 in the bitu- 

 minous. 



Returns to the department of internal affairs 

 from 424 manufacturing firms indicate that there 

 were more than 20,000 fewer employees in 1893 

 than in 1892, while the decrease in the amount 

 paid for wages was over $12.500,000. The re- 

 turns also indicate that the loss of the manufac- 

 turers is equal to that of the laboring men, as the 

 value of the product of these 424 firms was over 

 $55,000,000 Jess in 1893 than in 1892. The wool- 

 en industry has suffered a greater percentage of 

 depression than any other, the value of the prod- 

 uct in 1893 being about 33 per cent, below that 

 of 1892. 



Returns from 218 iron and steels firms indi- 

 cate that in 1892 they employed 108,402 persons, 

 to whom they paid an aggregate compensation 

 of $58,405.350, or a per capita of $538. In 1893 

 they employed 94,719 persons, to whom they paid 

 an aggregate compensation of $49,768,854, or a 



