New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-08-25
THE SHAREHOLDERS OF NATIONAL BANKS

THE SHAREHOLDERS OF NATIONAL BANKS
IL me razor Of Ihe TrtiuHc.
SIR: have been here attendance at this Annual
Convention OF The American Banker, Association
10. bee iuse aIu 10 BANKER n 1 all not; bat because
am interested IL all that concerns my country, aud
because III i convention OF practical, c0mmouscnse,
lare-mudcd business here very mEch 10 learn,
ana tho array OF and figures tuey present OF the
condition OF the country always makes their
conventions important and u Of interest To al onlooker
L impression general tina, the stocA OF the
National luLs and % STATE banks is he'd - OF
Lirs. wealth.. Now the reverse Is the case. Very few OF
our rcn men are holders Of any considerable amount Of
bank stock and tue great majority OF item do not hold
any AT all.
4 Jew days ago went ia,o the Bank Of CoUmrece
Ncw-York CITY aud rcqu sted tae cashier, Mr. Sherman
to- give nc the number 0t women ana the number 81
"e-ttr-" tlat stockholders ia that bank It has
1.s.9 shareholders Who hold an average Of nearly
~ 5 each Five hundred anu tArtyone mold ten shdses
ana under each seven hundred and seyeuly-vl-ht
women hold II 800 600 of stock, more than OneQuarcr
OF Tie Sj.OOOVOO capital oil The bank and Is
tatos" hold lji s.aras.
The cashier Of The Bank Of New-York National
Banking Association gave the following interesting
fac.s as 10 tue shareholders That od b4uk-tAe Oldest
in the STATE It's capital is S-'OCO'OOo' divided mo
on oon -har.s. OF women o7OI,5OJ. more than
one-thrl OF lts stock; - trustees own T2OoOOo; ~
charitable associations own el2o5JO; ami 2ol men
own 973.OOO OF it's stock. And altogether, women,
trustees AID charitable organizations, own 1920 oi
the ~ 900 shares Of stock ~ this bank
Two years ago las, -pan- counted the number OF
women WHO were -tocHho.ders Iu tie American TX
change Bank iu the City NcwYork; and OF the 1900
stoczhod, r. l57 We're women. Ia all he banks Of the
land in Guy aud country the women, guar eAecn-
tors ada.n-tTators. trustees and estates are very
lr-e stockholders; and .er-ly you VIII ina that the
oldest blnas have the most women stockholders They
d 4 " '.tl tO-l lns
IN, and ouf Of Congress GeuoIuco as mOnOpoi-ts who
are rlDbing the people and WHO do not pay any taxes
know tnat tits fashionable To denounce the National
bapk, I'm certain quarters But what record they have
made since their organization No one dollar has the
laDoring man or woman lost ny taking note Oh Ma
tional bank for the wage OF laDorl
The assessment Of bank -tocd continues 70 be unequal.
Here ia this village for instance, the shares are as
-.-,e AT 80 and - peg cent?; bank president from
New York City told that the shares Of DIS bank were
-s.d 40 los per cent. II A. H. owned 9HNoO n me
h,nt here a-,es-ed al 40 per cent and $1,000 in the
b,nk IL the city OF NewYork. asse-cd az LOG per cent
hr "O.' Ip1 i' a Neropal btrk IN Columbia County
W. -,essed at $40 ger sadrei AMI bank IN an adj
Joi ing coaHg a. - ,t ~ ia value btuk stock
ot b. n-, s-od the same ratc-sO save the supreme
I'm. U o NJ 60 was full Of merit and most
xro lrUtlr aud clearly put. Permit me To quote 9uc
oarrap6 witch should carried by every man 10 his
P Pok..t A. ia mi of truths
po nt IN H. real practical work. IS agent or
the community 10 receive and carry away wnat That
community produces IN excess ~ IT, own needs ana
b- ,lrt rir same value %. what IL wants AZ return
Wn.n fue truth L. fully recognized that banks Ike other
essential elements VI sOc.tyt nave grown up 40 me
,.1rtI results OF the best -Oci deN eOpmcut, We shall
nor rud necessary, now g" defend our rgt 10 the
jarrett confederation nor TO- ever D. compelled 10 half
o ne Tor ylstrnce The best thing for country
best because We are lnseparaby Involved
I'm aud are touched by every possible interest tnat
can afrcf the community for good or for evil"
oar ,floual debt will soon all be paid. Then mus
have National banks with the individual liability OF the
srnchoders authorized 10 Issue notes 10 tho amount Of
onela OF their capital and every bank VIII be required
~ take the note OF every other bank al al mes with
proyison that bholders shall DO preferred creditors
u c4se OF the failure OF a bank. JAMES A. b8is0s.
SGraloGa Springs, Aus. II, 1881