1893 - State Library Information Center

152 STATISTICS OF LABOR AND INDUSTRIES.NetAssets.Eastern Union, Camden $11,247Mutual Guarantee, Camden 168,751Chosen Friends, Newark 64,871TotalShares.1,75421,3623,221New JerseyShates.' 2932,668816Total $244,869 26,337 3,786Taking this as a basis of calculation it is estimated that the 5associations in question have 2,700 foreign or non-resident shareholdersholding 24,500 shares, valued at $242,000, and 200 borrowerswith 2,000 pledged shares.* To this extent the figuresgiven below will have to be modified if stricly New Jersey dataof the 297 associations tabulated are to be taken into accountonly. Outside of this, it is probable that any further transactionsbeyond the State by our other associations are more than counterbalancedby the interests held in them by shareholders whoreside in the border States of Pennsylvania and New York.fThe usual comparative summary of principal data of the NewJersey associations in operation during the past four years, asreported, is given below. In cases, where from a few of theassociations one or more of the items were not forthcoming, themissing figures have been calculated on the basis of the returnsfrom the other reporting associations. Except where otherwisenoted, this method has been followed in all the succeeding summaries;this, owing to the large totals involved even for the separatelocalities as well as to the comparatively insignificantamount of missing information, is practically liable to inappreciableerror. It must, however, be remembered that the statementsof the different associations are for their respective fiscalyears only, the close of which rahges from the beginning to theend of the calendar year. This, as a matter of fact, brings themean near to the close of the State fiscal year, and the figures,therefore, may be considered approximately correct for statisticalpurposes generally. But they only to a slight degree indicate theeflects of the current business depression, which had not yet been*Exclaaive of the Trenton People's Association, national, not tabulated forreason stated above.fit appears from Summary 15, below, that 15 associations either loan orsend money outside of the State. Of these only 10 are strictly local association^and not all of these had outside transactions during the year.