1893 - State Library Information Center

164 STATISTICS OF LABOR AND INDUSTRIES.a percentage of these amounts. In 1892, these losses, $6,054, for12 associations, amounted to but little over four-hundreths ofone per cent, of the total receipts for the State, and were theresult mainly of depreciation in property or of failure to realizethe full amounts due on foreclosure of securities. There wereno defalcations. In 1893, losses were reported from 15 associations.In 12 of these the result was due to depreciation in propertyor of foreclosure; in 2 to defalcation, and in 1 to speculationin investments outside of the State. The amount of loss onthese latter has not been reported and was incurred by a terminatingassociation, whose winding-up thereby has been delayed.The two defalcations, in Camden and Elizabeth, were $4,000 and$610, respectively. The total losses in 14 associations reached$8,411, or about sixhundredths of one per cent, of the receiptsfor 1893 in the State.There were 61 defaults by borrowers, and consequent foreclosureproceedings, in 37 associations. The amount of 2 securitiesinvolved has not been reported. The balance, 59 securities,aggregated $97,389, which is about three-tenths of one percent, of the total real estate and book loans outstanding for theState. The securities reported in default in 1891 and 1892,respectively, amounted to $59,289 and 87,390. The defaults andlosses for 1893, distributed among the counties, were as follows :SECURITIES IN DEFAULT.COUNTIES.IIa.2pgaOBAtlanticBergenBurlington....CamdenOape MayCumberland .EssexGloucester....HudsonHunterdon ..Middlesex....PassaicUnionTotal 3722 31 110 19305483133225151101$1,079 002,800 00700 0021,100 00t4(H) 004,(550 0014,400 008,400 0024,200 003,900 001,200 004,000 009,0(K) 00t$97,380 00$100 00*4,590 00233 001,292 0023 00340 00482 00J.700 0035 008010 0015 {$8,411 00* Including «4,000 embezzlement, f Amount of two not reported. % Amount of one notreported. \ Defalcation.