, 1874-01-04
BANK STATEMENT.
E1XTRAC
FROM THE
TWELFTH ANNUAL REPORT
OF THE MANAGER OF THE
Merchants, Farmers, & hs-
ChalicS' Savings Bank
OF CHICAGO

"Du1ing tho year 1873, 1861 Deposits have
been received and Il, ,632 Drafts have been paid.
Tho total amount drawn during the Yesr 1873
VAS only ego, 976,26 moro than in 1872, notwith-.
standing the general financial dernng gemeuss and
the fact that, owing to the stringency in the.
money markets Of tho country during almost
the entire year, many Of the deposisors have
been ont Of employment o. have received great
II reduced wages consequently the average OF
sums deposited, as well as the gross amount re-
ceired, has been much less than during the year
previous. Tho average OF sums deposited in
1872 WAS $73.23; those in 1878 averaged
$4,000. +.
The numberof deposit accounts on the Ledgers
is q, 845. and the deposits nov held classed
as follows:
Thirty-three per cent OF the balances are les
than 920.o0 sud average 81 4-1oo each. Though
these email accounts frequently increase and.
run through all the other classes. and are now
the most numerous, lees than eleven thousand
dollars would pay them in full. -.
Thirty-two per cent Of the balances are be
tween 5lo0 and $500. and average s219.37.
ssren per cent a1e from $500 to $1,000, and
average S643.S3.
Three per cent Of the balances exceed 81 ,00o'
and average 2.172.45.
The nationalities Of Depositors rank as to4
numbers in the following order;
1st. United States. I'd. Irish. Sd. German !;
4th. Scandinavian. 9Th. English. 9Th Cana~
dian. 7th- Scotch. 9Th. Welsh. The number
Of those born British subjects, exclusive Of tna
Irish, number next after Americans The next.
in order after the Welsh are Italian, French,
Belgian, Russian, and Polish; ; Australia. Mex.
leo, spain, East and Weet Indies, Greece, ands
Circassia are represented in tho list.
Before the general suspension OF the Banks Of ;.
the country, in September last, the corporations
holding most Of the Savings Deposits in Chi
| cago, by agreement, simultaneously pu: in force
| their respective bylaws under which notice may
be required Of the intention of Depositors bo-
| fore drawing their balances. This WAS done;
with q view OF preventing runs upon these in
etitut;ona BY those who might be alarmed, and
for the protection Of the interests of far
greater number who were not disposed to inter-
tere with, or embarass those to whom they had
Entrusted their funds, or to urge the sale and
possible sacrifice OF assets at an unfavorabla
! time.
During tho days Of panic, from Sept. % and
ending with that month, the daily payments by
this Bank averaged s4.s76. It is believed that
dcpositors we're in all cases supplied with what
money they really needed, auG none were per-
mitted to suffer either in person or property
from the want Of anything due them by this
| Bank, At the same time alarm and excitement
was allayed throughout the community by the gen.
era1 adoption Of these precautionary measures.
| Though potlces were received from depositors
of this Bank for the withdrawal OF 2l58,0oo,
only 922, 600 was actually called for under these
notices.
From the 22d of September, 1878, to the 1st
day Of January, 1874, s292, ,637.4 was paid to
| deposito1s in the ordinary cou1Be Of business,
which is one third less than the amount paid out
during the corresponding period in 1872. The
amount received on deposit during the sane
time (and deposits we're received each day) was
| S115, 020.G6. This, with the amounts received
from other sources, including very consider
able amount collected from mortgage loans
| served to keep up the proper reserves Of cash,
and enables the Bank to enter upon the now
year with nnimpaired strength.
| CONDITION AFTER CLOSE OF BUsI-
1NESS, Dec. 81. 1873.
Deposits 1,OO2, 2,O17.3s
| Cnnta1 and Contingent Fund ,... lOU,COO,0O
| Sl,1O3,OI1.3S
/ INVESTMENTS.
| Loans Secured on Improved Real Es-
! od4soAo'@"
VALUE OF SECURITY:
| Value Of Ground. -. 8 / ,30f .z53-Q0
| TaIua OF Buildings
thereon ...... 858,0SG.O0
LOGO, ,245.O0
| BurRlar.Psoo Safes and Fixtures OF
| two Offices and telegraph Line con.
ueEtln6- osS~"%S~
ersi md p,ysbIs On c.lL............. 153,s42.21
! United States, ILL.,
| iunis Stats, hud
| other public bonds
| and available
cutItIes...........S ZGU,UOt.UA
Cash in Vaults and
subject to check. 150,274-42 ~