Daily Kennebec journal., 1878-12-16
S26, sos 1926 s23l73.ll2.22

S26 sos 1926 S23 l73 2.22
This statement shows a decrease in the depns-
its ana profits Of the banks dn ro the year end
ing November 4, 1873 Of SO 72j 320.5f.
IA decrease Of y. rosi'ors 20, the <a'nr nerod
j. 10 6s3. The wholn nur'her - Il 9-S The -
erare 10 each drpo>tsr .. S291 90, The decrease
in the IT, p'>'t and ~ fl of TIA" hanks the pa-t
wear j. 50 s04 9ss 60 han lat wear: the de-
crease IN depo-rtor- S,123 more, the average to
each depo.or Sc 90 less.
The tota amount ~ net deposits on November
s. 1877 S25, ,092 S72 65; or Nov mbrr 4, 1873,
S2l 3l3 S263 - dncr asr in y net deposits the
pa,'v a. nt S5 10 0i6.3O. r. is decrease On h'a-
cc> 81 03j 4Sl 03 '"duc'ion f iep nsi,s in the
thirteen hauk- til t have had theii deposit sc-
counts reduced hv a. cre"s Of court under section
SO of th hsrk act of 1877. Thi- reduction added
to the S2l 3l3 s2G 35 would make the actual
na deposits S22 $40 ,301 3S. mkaine tho actual de
croa.e Of deposlt- the l-St wear hv Withdraw Is
81 743 SOS 81 being 81 no 267 20 more rhi. than
last wear
Eve banks our have increased their deposits
tn" past wear, VIZ Bno'hhay, IIoulfon, Limerick,
Iub c ard S"aisp r..
Lat wear the securities owned hv the banks
upon which payment Of Interest conpons were
smsrended amounted To S940. $50 90 This wear
to SSOSS25 90. heiny Sl3l 325 90 less than last
year OF nor revi"g securities the hanks are
holding 1881 ,555 % les than in 1875, The
amount cf nor, aying securities !. small fac
iinn ove, 3 rer cent e the assets nf the nks
Th,r ave SO, ,E26 63S 02 le-s deposit. and profits
in the hanks This wear than At wear. But there
sa very much lager rrooor'ion Of strong and
conver'ihle assets. The SO hank. named in the
abstract f the annual reports Of trustee. are re-
pored as having =, fiic eu available a--et, to nay
their shilities. The>e hanks are solvent and
worthy of public confidence. The North Anson,
S cca' appa and Stockton banks are closing up
ten affair hy u jndcious conversion of their as
sets into mOrey
Six OF the iftv- nine banks have not declared
dividend, the past wear; six have declared one
div ID, nd each five 2 | urr cent, a. d one per
cent FnrN-e have declared and paid semi
annual dividends AT the following rates. viz; g.
two per C. MT; I, two ard oDe-haf per cent.
90 two and one half per cent?; . three per cent.
The Examine advises still further investments
in L. s. secutti's. and withdrawal Of secui itc,
in Western and Middle STATES. Investments
should he n ade almost solely with a viz W to safe
ing money on personal securities. should he
guarded as 70 prescribe the per cent. of depos
it, tha, NAV he so loaned
IL all the failures that have occurred during tn,
time of panic. the savings institutions Of this Stat,
merit and command the cor fdence of depos tors
During the past year although the thdrawal
weie in excess Of the deposit. the amount de
posted vas SIS 1872 Gal II, in which al the bank
now d>ing bus mes have shared
The prevailing dst"ust and want of cenfidenc.
in savings bai k during the few years past, ba
restricted the rand expansion of the huspes
that existed for fifteen wears prior to 1873 Unde
the influence of his distrus' and want of conf
dence, the management Of these institutions ha
become cautious aad conse va,ive More dis
erect and raiinna' leg slstinn affrcting these in
stru ions has been effected within the past five
years than o the fifteen yeas preceding; sucl
are some Of the gains that have come ont the ex