New-York tribune., 1879-04-16
STATE SAVINGS BANKS.

/ REPORT OF THE OBSERVATION-DISCLOSURES IN THE
NUMBER OF DFPosIrORs-LESs BUSINESS DONE
THE AMOUNT OF DEPOSITS REDUCED.
ALBANY, April 15.-The annual report of
superintendent Lamb, Of tue Banking Department tor
1873 has been transmitted to the legislature The chief
points OF il follows: No new bank was organ
lied last year iaed and two into litigation
The whole number OF "lve" savings banks Is 12+; the
largest number ever reporting l5S; deposits were
then S3O3, ,93j 900 The following table shows the
comparative and liabilities Of the savings
banks January 1. 1875 and at the same date tins
year:
9732OV January I, 1879 Sy3392Oll decrease, sl45sl
T9uafy + ls4 IgG 6s 'incieiso sS7635I Amo1nt
oane on public stock as auth9rzd 9E section =, CHAPTER
1919. s30252ii decrease s2l1jiS5 Bi9kng house and
- 5so277; decrease Sass other real estat, at cost
ncrease 677 sol. Cash deposit banks trust
panrs. January |, lso s2J zO5 January l. Iei9 80
January l. lsl8 % i66 ~ January ls!9 s5sl5i%1i
above, Including the Of marked value over cost OF
interest due and accrued on investments Jauuary
s67s A. Total January l. 1879 s34s,72o2O2 January l.
"a s sqs &sgose 3 5 I1n9eJy aGTdd s s f3
l. 1879 s60o4lO decrease. sl243 - surplus January ],
1878 $50 O5G55O; January J. 1919. $j45j@2d2 increase
Sfqtstieai-Numler Of open the morning Of
Janna iso S9So January tsy 910g in S a2 G2
II S9 Number OF accounts reopeaed in the year.
30 u' Number 81 account. year January ISIS
i695Se January l. 1919. l60,S52 decrease, Iot Nun.
ber Of Institutions rcDorthg January !, 1873 i5aj
January ISL i33 Gsaee q , AnSgM i,n, @gpG1' fT
Sis 063O6s January 1872 800 10 35o decrease. SIS
IS2S'SM M AEGIt @ 6 Si',wn anilv s7g siSi$ All De-
crease $OgSbO j. Amount o interest credited and paid
sis iS3G96 decrease 81 .I.8 Pc sent appraised value
s95s6 707 increase iI 4oi. Ahounto Of loans col.
elSas not STI49F2s * sgs ss 5 & dSssG SasGa
Amont iayesuel authorized by Laws Of bio Ian
SIS 5g9 E1Dsnsa January l. l?ts, l99 ~ w JaaG
1dy T =, W January T. $50 s7SjjS al es
tate Jafehase during the year January 1873 - jan
fafse last tens aecaaey snoush comparison owing TO
sasHss sas osoant IN W. Jaa&Tg ISIS Sc $50 $50 To- Jia T. s
800 q decrease 81 IS
The general result OF the years business is snmma
rized as follows: The deposits declined Sl3,7ls,4I9:
the surplus Increased S2,5O2,712; tie number OF de
positurs fell 1893 mortgage loans decreased uorc
than Is per cent; investments In Government bouds
Increased about l7 per cent? other stock investments
shrunk In total amount real estate acquired has III
creased II 60I rne total transactions OF the year
are approximately II per cent less than in the previous
year The chef portion Of the decline IN deposits is IL
the City of New-YoIk which confidence mas been
shaken by the continued failures Of savings banks.
The falling OF deposits In NewIOrk CITY 10 slO9i3,
900; in the rest Of the Stare, s2G05OOO While the
number Of deposors has decreased, the apparent de-
crease less by 4S6S than the number IN the four In
stitutiOns closed The solvent savings banks show
real increase the number OF depositors during the
year.
In New-York City, Mr.. Lamb saws during the first
halr OF the year there d feyerish and something's
panic feeling among savings bank depositcrs. very
large drafts made upon perfectly solvent nsttt-
tions Thu, feeling seemed TO be- fOWented by malicious
or mcrcpuary men, who seized the opportunities which
failures furnished 10 atate epoeitors ana create some
thing like upon particular savings banks. IL tie
last halt OF the year there was moro tranquil state.
ana the situation was much improved. Old depOsltOrs
came back the Institutions, aud sometimes they
brought the identical money which they had drawn
months before.
There every reason. Mr. Lamb for the eXpecta
ton that the deposits the savings banks Will shrink
In aggregate during the existing inactive state OF bus
meas Toe depO.tOrs who out OF employment cease
TO make deposits. and constrained O. use their
savings such fortunate enough to ind work st
reduced wages have u smaller surplus 10 deposit IN
savings bank II they keep account IN One Yet tho
decrease this State only 10 per cent much as that
In Massachusetts last year Another point which Is
encouraging the increase in surplus, although Gov
ernment bonds lower than formerly, and much has
been charged TO profit and loss mort cages. There
are N other classes OF moneyed corporations
which held their IN respect to surplus IN tho
last i've years excepting our savings banks The solvent
savings banks grow stronger The tnsoiyent savings
banks which we're placed In liquidation Last year wii