, 1873-01-30

The position Of Chicago aa financial centre
is only to bs eompnetly md psrisstly shown by
4 condensed presentment OF the banks OF Chl-
caso, which ia herewith given, unaccompanicd
BY tho discussion OF questions Of finance which
rorei, IN . anoci.1 dnn,rt,nont of ry,p rrp,n,n,.,
ine co"pAa'1on nero presented naaaos 1aosB
that haye been givon In the monetary column OF
The TRIBUNE in tho past six months.
Tho exhibit is classified list Of all the Ma
uonal hna state panAs uolng el1nef comlneF-
clal or savings oueinebs IN Chicago at tho cloao
Of 1879, showing tho year Of organization, tho
amount Of capital and doposts, aud the nnmoa
Of presidonta and cashlera.
From these agur0s it appears that the known
amount OF savings deposits at tho close OF 1872
WIS, Ray, s11, ,71S, 600. To this muBt be addod at
least $500, 900 which are hold by halt dozen
pr,yato bankora who racsivo md nav intorest on
oopoaita OF this klha, making sho grand tosal OF
savings deposits III the city at tho c1oae Of 1879,
e12. .0o0, 900, aud the total of both commercial
and savings doposits held by corporate banks
a,.,,.,a. ;,a.Sa;., V,A'o.''yoo' ,'s. ,,
o%s!nsa ~ nopnsi:a nase ncfeasea rap!aly
H. ~ uacn o1ntos ~ sne lest year or
IVY pat II. uichS4 tno tnorease naa noen OK
cept1onaiJ M ratg0 ~ 'he ass year n consoquence
nt .no large S aumn .; O. money distributed to
.nooeois ~ liz neoaaulcs emploTou IN
tno loounoah8 VI tno olty. G,enteon
pahnu n e9 tno losn eaSngs a. aP aSPossa osN
~ G4ioao uu not ~ oon IN o1Geeu
nov tney are Eyer Even ts latter
s ings u 1raaa ma1 oe,oE ulsea; natSa IN lineage
i hate aiTaya peen iaI8oy iaYesteo II reni estate
y nus ~ ino nna " tnnb tlSes ato y9r 70 soal
~ Ge.s posuau eno oioIcn u lNleo Glass Q, eaV
savs W. ;Ilv ~ ", ~ ano acoua!a!oa OF
sa, nase !" on'eAso ID soole1olo Set III "a H.
ia1IGy, T,a a,ooa;,, 4oh,. ,,-.n
ra1,a,tn, nf oa ING
noen aaS1aIaia a;a ana ~ 9ankE III tue SIX principal
commercial cities IN tho isattorn nnd Westorn
ststos. Tho figures arc compiled. from the
reports OF tue National banks, made Oct. U,
REPRESENT on4y about tWo-thlrds Of tho bank
M8 intotoal o1 me oitles nameu, the pro-
portion Of National Bank capital IL nearly tho
M same IN thom nl. The proportion OF capital in
Eatlonai banha u pussioly someWnat lo6B IN Uln-
cinnati and St. Louin than III Chicago but the
atattatlca OF the prohoftiong OF capital dopoa!ts
etc., arc oss accessible IN the cases OF State and
private banRs, anu tho average proportlona OF
these items can DO Shown as fairly blythe Nation
in fact, tho requirements oi Tie National Ban; Dant;
iaw m regard to the hopping OF reserve in re-
demptlon cltloa, makea 80 Intimate connection
oeE"ooh tao Na'aonai uan2s OF tho citios
aM tne country, shat me accumulation OF
'- 80 t-'%
portsnco Of tho cities as currency, distributing
nolnta, gre moro fairly shown BY the National
Banks a!onc.,
II. me foregoing hgueea show that In Chicago
the banks hold H2'bs of deposits for every dol
inr ~. OF capital ana gnrplun-s Larger proportion
m than IN any other ol.y except Now York, Where
tue PROPORTION ID trltle greater, being s9;ao Of
q deposits 1or eaeh dollar OF capital and sur.
plue. Here ~ 1s tue eecrot Of greater profits OF
painting IN Uhtcago than III other cities: that
besides somewhat higher average ratio ct IN
sorest eans9u % " tho ueinand for moro capital to
carry or fInde, bhnRlnG IL done moro largely on
the capital Of doposltors than III other cities, OK
eept NOW = 1ork: ' l II !, tae % %ayefago g rato Of Dis
connss t y, eau nsofens ~ neW fofI were e9as1 to
snat o. lineage, 1nS Ironta 81 nan3ing IN that
clTy X would @ eaeee! tnose OF lineage:
,, ~ s.c sSS as ene
tov Of Ia balances Of eopry bsnhp and md
may pe TAKEN az 1Air lnuleatlon OF tue rolativo
importance OF tho Respective elt!os NJ currency
dlstfiioatlng points. =,
II ls the custom OF pahaeIs ~ aal largo oatsen
TO maze annual oon.saosy Wtn @he eaproaa com