Page:The American Cyclopædia (1879) Volume XIII.djvu/412

 398 PHILADELPHIA There are 29 national banks, the condition of which on Oct. 2, 1874, was as follows : RESOURCES. Loans and discounts $41,893,261 13 Overdrafts 21,519 97 United States bonds, to secure circulation 13,668,200 00 " ' " to secure deposits 225,000 00 " " on hand 321,30000 Other stocks, bonds, and mortgages 1,573,250 81 Due from redeeming and reserve agents 4,935,566 48 Due from other national banks 2,595,314 03 Due from state banks and bankers 669,605 20 Eeal estate, furniture and fixtures 2,828,346 88 Current expenses 556,196 81 Premiums paid 188,139 21 Checks and other cash items 888,918 56 Exchanges for clearing house 6,723,983 25 Bills of other national banks 1,229,638 00 Bills of state banks 819 00 Fractional currency 134,880 55 Specie 372,049 67 Legal-tender notes 5,376,459 00 United States certificates of deposit for legal- tender notes 3,790,000 00 Deposit with United States treasurer 698,968 00 Total '. $93,691,416 55 LIABILITIES. Capital stock paid in $16,935,000 00 Surplus fund 7,169,154 13 Undivided profits 1,922,460 62 National bank notes outstanding 11,722,725 00 State bank notes outstanding 42,491 00 Dividends unpaid 47,654 28 Individual deposits 46,734,450 55 United States deposits 150,792 51 Due to national banks 6,749,007 16 Due to state banks and bankers 2,215,049 26 Bills payable 2,632 04 Total $93,691,416 55 There are 12 state banks of deposit and dis- count; aggregate capital about $1,000,000; deposits $2,500,000 ; resources more than $4,- 000,000. Business between the banks is trans- acted through a clearing house. There are 5 safe deposit and trust companies (aggregate capital $5,925,000), 6 savings banks, 30 fire insurance, 8 fire and marine insurance, 14 life insurance, and 2 accident insurance companies, besides numerous agencies of companies domi- ciled elsewhere. The building and loan asso- ciations, of which there are about 600, are sa- vings institutions, and have about $20,000,000 invested in dwellings and mortgages. There are several important commercial bodies, in- cluding the board of trade, chamber of com- merce, commercial exchange, &c. The United States mint was established in 1792. The coin- age for the year ending June 30, 1874, amount- ed to $29,842,390, viz.: gold, $26,467,330; silver, $2,963,135; other, $411,925. The entire coinage from the opening of the mint to the above date was $584,813,091 64, viz.: gold, $462,517,266 ; silver, $109,904,012 10 ; other, $12,391,813 54. Nearly half the area of the city is still farm land, and in the N". and W. portions farming and market gardening are carried on. The number of acres of land in farms, according to the census of 1870, was 40,304, of which 37,518 were improved ; cash value of farms, $18,945,000 ; estimated value of farm products, $2,231,366. Philadelphia is divided into 31 wards. The chief executive officer is the mayor, elected by the people for three years. The legislative authority is vested in a select council of 31 members (one from each ward), elected for three years, and a com- mon council of 68 members, elected for two years. There are also a city comptroller, city treasurer, city solicitor, and receiver of taxes. Boards of commissioners have the manage- ment of Fairmount park, the public buildings, the gas works, the city trusts, the health de- partment, &c. The chief county officers are three commissioners, the sheriff", recorder of deeds, register of wills, district attorney, and coroner, elected by the people for three years. The United States courts for the eastern dis- trict of Pennsylvania meet here, and terms of the state supreme court are held here. There are four courts of common pleas, each consist- ing of three judges, which have coordinate jurisdiction in civil matters within the city. These judges designate one or more of their number to hold the courts of oyer and terminer and of quarter sessions, which have criminal jurisdiction only. There are also an orphans' court of three judges, with probate powers, and magistrates' courts. Philadelphia sends 8 senators and 38 representatives to the state legislature, and 5 members to congress. The police force is under command of a chief assisted by four captains, and consists of 1,200 men. There is a paid fire department, under the control of a board of seven commission- ers. On Jan. 1, 1875, the force consisted of ^ a chief engineer, 5 assistant engineers, and 389 men, organized into 27 steam engine com- panies and 5 hook and ladder companies. There is a fire alarm telegraph, but the num- ber of alarm boxes is inadequate. The num- ber of fires during 1874 was 592, with a loss of property estimated at $754,688. The amount appropriated for the use of the department during that year was $536,400. The city is supplied with water from the Schuylkill and Delaware rivers, chiefly from the former. There are seven works : the Fairmount, on the Schuyl- kill, at the lower extremity of the park, the Schuylkill, the Spring Garden, the Delaware, the Belmont, the Roxborough, and the Frank- ford. These works in 1874 pumped 14,533,- 425,097 gallons, an average of 42,111,730 gallons per day. At the close of that year there were 628 m. 4,507 ft. of pipe, 5,119 fire plugs, and 68 public drinking fountains, of which 61 were erected by the fountain society and 7 by the society for prevention of cruelty to animals. The water department is in charge of a chief engineer. Gas works were first con- structed on a general scale in 1835 ; they were principally conducted by the authorities of the original city, and were very successful. In 1855 and 1858 the works owned by the mu- nicipalities were consolidated with those of the city proper ; and in 1859 the works of two companies, previously independent, were pur- chased, bringing the whole service under the control of the city as its property. Great care was taken in the original establishment of the