New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-01-04
NEW YORK BANKS.
REPORT OF. THE STATE SUPERINTENDENT

REPORT OF THE STATE SUPERINTENDENT
ALBANY, Jan. 3.-From the annual report o.
A. b. Hepburn Superintendent of the Bank Department
OF the State Of NewYor transmitted the Legislature
to-day, the following facts obtained
During the year the following banking associations
with capital az stated, organized Mount Morris
Bank, NewYork. 100000 Baldwin, Bank, Penn Yam,
$4,000 Merchants Bank. Buffalo 100000 St. Law
renee County Bank, Canton, $4,000 Deposit and
Cheque Bank, New York. 100000 and the RondOut
Bank, Rondout, 100000
The following, in round numbers, are the figures show
Ing the condition of all the banks. Indicated In their
quarterly reports. on september 81. 1881 compared
with their condition on September Is, $50 Resource
loans and discounts less due from directors increase of
Sl1OO00OO due from trust com anics state, Nation
aud private banks and brokers, increase Of nearly
100000; specie ana United states egaltendcr notes
and circulating notes Of National banks increase OF
sG6s,OOO total resources Sll3 1892, i.creaso Of
$l36OOOOO. Liabilitiescaptal, increase Of S2-0Oo0;
surplus fund.- increase OF 100000; III
divided profits, increase of 100000;
deposits increase of&lf O0OO0 due T. trust companies
etc, decrease of S1,7Oo,000; total liabilities,
@l13A63,572 The marked increase" says the super
nendent in the volume of business ana the aggregate
of assets the state banks, and their increased
number during the year, only attest Their prosperity
bur demonstrate the fact that banks organized under
state authority have future as prosperous and certain
rs National banks"
The number OF trust loan and mortgage companies is
the the date of the last report viz twelve
except the Manhattan Mortgage Comuany al
are engaged in active business. Two new
companies were chartered by the last Legs
lature, the Buffalo Loan, Trust and safe Deposit
Company and the Metropolitan Trust Company Of New
York neither OF which has as yet actively entered upon
business, but both are rapidly perfccns ARRANGEMENTS
TO do These Institutions the superintendent say -
seem to supply want in the financial system Oi the
state, which prior their organization unsuppled
Nothing else could account for the exceptional prosperity
attending them. While their number has remained the
same, and their capital been increased less than
$4,000 their during the past two years have IN
creased $l56S72l o. The savings bank report TO he
submitted in February next will show the condition Of
these institutions January !, 1ss2, sN months
later"
TIe number Of corporations the bookkeeping and
guaranteeing of personal property ia operation De- tr
two of which, the Lincoln Safe Deposit mpany and
the Grand Union safe Deposit Company, both III New
York, were organized last year.
ON The subject Of private BANKERS the superintendent
crease in the number OF private bankers aud ,ht volume
of business transacted by them has AT actcd the aie
uon OIL an huanceTs oI Iaie Cohptien PERSONS e5.-
mate that the amount OF capiM employed hF
the private banking interest Uy cq di5 che amount u-
he say in regard 10 their reports Instead OF report
ing capital al the amount thty really cMpol, 'he! To-
port al inEIlitail a!lVdnt OF iolc "' 49, anu 4 ,
themselves on the ground that whatever money heN put
into the business appears in the daily baol cs ana is
taxed a. deposits ihr ways IN Whch t1t lt" can '
eNadeo are numerous QnEeumty always 'urua-e" ilsti
&
ports examinations, i'll case oi regular
banks, to detect or deer IAc -.ale u"7
duties which are imperative: Furt, 80 TO ADJUST
TAX banks snail bear tuclr proper share OF
taxation and only their proper share; 1'i second %
banks the Dement'S they ure tnlfi't 90 rom
having regularly organized, by competing private banks
10 advertise themselves private H.D. a. o. ..l-
ness SUCH Many oi the private hau-cie 81 present
COuduc.u. business under corporate utta have "pIo-
prJtcJ the name by which certain Udua.u- "cfieas
heretofore UuUCr Ih- supervision OF tHs i4u ~Iutr-
teudcut known. The extent TO WHic. tls dcu"-
is shown by list ol seventeen r1rrore
|
| wholly private business. Eicn of tine seventy
! five of banking institutions thus used
il calculated 10 give the impression that they rceu
larry organic Win capital stock or regularly organ
/ llru individual BANKS. The State owes tO ,Ac
inst buttons she has chartered, well a. o. Hr cLlcns,
Distinguish tine Institutions she chartered and
assumed public functions iud PuD1c IcSIou-
spiltics from business carried on ANA c'uIoh-
LAYS right and wmcL II Wuoiy private aut sr'lr. Phi
No bankers should be forbidden to Use cor IIt.c maine,
aud aired 10 aud private banker OF p4tot. bank
Or. Iu t4.r cttcTAr9ds. advertisements and -In so
g4c pu.uc may know that they nHt Iuc1rIO-
rated banks re uaIy organized individual bdHL5.'