NATIONAL BANKS. 473 



loss to the farmers in the production of corn crops for the 

 years 1882 to 1886. inclusive: 



For the year 1882 $ 1,273,560. 



For the year 1883 8,621,440. 



For the year 1884 11,480,559. 



For the year 1885 11,381,700. 



For the year 1886 . ..... 19,870,258. 



Total loss in five years . . $52,377,528. 



It is unnecessary to comment on the above compar- 

 ison. 



William H. English of Indiana, president of a 

 national bank at Indianapolis, and the nominee of the 

 Democratic party for vice-president of the United States 

 in 1880, submitted to the stockholders the following 

 report: 



"I congratulate the stockholders of our enterprise. 

 The bank has been in operation 14 years, under my control, 

 with a capital stock of $500,000. In the meantime it has 

 voluntarily returned $500,000 of capital stock back to its 

 stockholders, besides paying them in dividends $1,496,250, 

 part of which was gold, and I now turn it over to you with 

 a capital unimpaired and $327,000 of the undivided earn- 

 ings on hand. To this might be added the premiums of 

 United States bonds, at present prices amounting to $36,- 

 ooo, besides quite a large amount for lost or destroyed bills. ' ' 

 The items of profit are as follows: 



Returned to stockholders ... $ 500,000 

 Dividends to stockholders . . . 1,496,250 



Undivided earnings 327,000 



Premium on bonds 36,000 



or destroyed bills .... 24,000 



Total $2,383,250 



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