Page:The American Cyclopædia (1879) Volume XII.djvu/405

NEW YORK (CITY) 391 LIABILITIES. Capital $16,685,200 Notes in circulation. 87,921 Profits 6,870,701 Due banks 5,052,742 Due individuals and corporations other than banks and depositors 844,955 Due treasurer of the state of New York 95,925 Due depositors on demand 42,897,908 Amount due, not included under either of the above heads 182,769 Total $72,118,148 The clearing house, organized in 1853 to facili- tate the transaction of business and the set- tlement of accounts between its members, comprised 59 banks at the close of 1874. Its transactions during the year were as follows : exchanges, $22,223,212,644; balances, $1,024,- 709,941. A gold exchange was introduced into the clearing-house transactions in 1872, the business of which in 1874 was as follows: exchanges, $2,226,832,248; balances, $332,- 395,085. There were 44 savings banks on Jan. 1, 1875: aggregate resources, $195,335,- 164 ; number of accounts open, 494,086 ; amount due depositors, $180,010,703. The three having the largest amounts of deposits are: Bowery savings bank, $27,169,481 ; bank for savings, $20,582,990; seamen's bank for savings, $13,822,402. There are 10 trust com- panies : aggregate resources July 1, 1874, $55,- 489,822; paid-in capital, $11,318,000; deposits in trust, $22,050,068 ; general deposits, $14,- 801,720. The number of fire insurance com- panies on Jan. 1, 1875, was 54, and of fire and marine companies, 17: aggregate assets, $41,- 961,107; liabilities, except scrip, and capital, $10,487,652 ; scrip, $694,621 ; capital stock paid in, $20,104,020 ; fire risks outstanding, $1,906,696,231 ; marine and inland risks out- standing, $2,074,314. There were 9 marine insurance companies: aggregate assets, $25,- 035,786 ; liabilities, except scrip and capital, $7,444,444; scrip, $11,974,655; joint stock capital, $1,662,080; marine and inland risks outstanding, $166,835,990 ; fire risks outstand- ing, $8,725,514. The condition of the life in- surance companies, 20 in number, was as fol- lows: aggregate assets, $189,813,950; liabili- ties, except capital, $163,249,701 ; capital stock, $3,555,500; number of policies outstanding, 356,944; amount of same, $973,115,417. The United States assay office was established in 1854. Its operations to the close of 1874 were as follows : gold deposits, $286,113,919; silver deposits, $32,320,330 ; silver parted from gold, $2,094,265; fine silver bars manufac- tured, $18,349,245; fine gold bars manufac- tured, $222,302,258 ; gold transmitted to Phila- delphia mint for coinage, $145,700,196 ; silver transmitted, $19,271,990. The deposits of bul- lion in 1874 were $12,415,944; gold and silver bars manufactured, $9,802,326 ; bullion transmitted to mint, $5,083,148. The manu- factures of New York, though secondary in importance to its commercial and mercantile interests, are varied and extensive. In the value of products, according to the census of 1870, it is the first city in the Union, though surpassed by Philadelphia in the value of ma- terials used, amount of capital invested, and number of establishments and hands employed. The whole number of manufacturing establish- ments in 1870 was 7,624, employing 1,261 steam engines of 28,716 horse power, and 16 water wheels of 863 horse power ; number of hands employed, 129,577, of whom 91,305 were males above 16, 32,281 females above 15, and 5,991 youth ; amount of capital invested, $129,- 952,262; wages paid during the year, $63,824,- 040; value of materials used, $178,696,939; of products, $332,951,520. The statistics of the principal branches are as follows : INDUSTRIES. No. of estab- lishments. No. of hands employed. Value of materials. Value of products. Artificial flowers 85 1,109 $303,226 $767,475 Bags, other than paper. . 6 839 1,116,950 1,625,000 Belting and hose (leather) 13 171 693,500 1,093,000 Billiard and bagatelle tables 10 159 229,618 606,250 Bookbinding 65 2,044 2,712,723 4.187,315 Boots and shoes 162 4,287 8,140,279 6.935,365 Boxes, packing 105 1,947 1,163,919 2,872,759 Brass founding and finishing 49 555 487,967 1,091,117 Brass, rolled and sheet 2 817 850,000 635,000 Bread and other bakery products 455 2,344 8,848,097 6,728,587 Brooms and wisp brushes 27 581 484,808 1,063,400 Cards, playing 4 215 870,000 655,000 Carpets other than rag 5 2438 2,275,000 8,702.600 Carriages and wagons 95 1,768 1,855,889 8,684,578 Chromos and lithographs 22 351 196,095 594,050 Clothing, children's 4 1,194 335,045 550,000 " men's 789 17.084 21,384,214 34,456,884 14 women's 209 8,663 1,728,916 8,824,882 Coffee and spices ground 14 174 2,426,884 8,748,480 Collars and cuffs paper 8 742 892,000 994,000 Confectionery 108 1,120 1,442,912 3,809,623 Cooperage 67 929 558,277 1,163,123 Drugs and chemicals 29 486 1,204,000 2,252,950 Engraving 80 769 800,801 1,808,308 Envelopes 7 830 523,800 1,067,500 Feathers, cleaned, dressed, &c 16 479 865,800 698,525 Flouring mill products 7 275 5,005,130 5,999,600 Frames, mirror and picture . 58 857 626,761 1,492,329 Fruits, canned and preserved . . . 7 158 773,000 981,500