San Marcos free press. [volume] (San Marcos, Tex.) 1877-1892, 1883-06-21
TEXAS BANKS.
A.. statistic. Regarding Texas BANKING
lsIsfrst'e Iastitatieus.
sosei.l Corr. Galveston News.

w..usaroy, May 81, lsS3.-There
tsw things people like better to
S y, about than money, and If they can
alA ak about their own, not having
no' 's shsv talk about that belonging to
any, vii ntIer man. 1t is not illogical to
SOM 0ms that as people like to talk about
tnlpS av thew would be pleased to hear
noe;1b;np about it, even if locked up
s0l hank vault. This led me, while at
~ ~. treasury, to make some inyestiga-
inc NC 40 10 the national banks of Texas,
uu with view of writing on an inter-
al s,s as well rs material subject, I
es m t1sll the readers of the Neass q few
WV VIZ statistical and otherwise in con-
ns.t;on with these banks. Long before
Ms war terminated hundreds of them
ssS commenced business in the
with I,~ indeed it was largely O war
s,sasure. and, as result, the South Of
necessity has been lesss Implied with
s.Oner banking facilities. This point
r vas raised in Congress after the war.
snd the representatives of the South
saS TO work hard to get anything
a the dominant party. This being
ths case, 1t is but natural that nation
u hanks in the South are not so nu-
mero,ls, and do not occupy that COM
sanding position in the financial wosAd
asthose do in the North. 30.
Tn the State of Texas there are TWEEN
.v.one national banks, having an ag-
srepate capital of 81 $4,000. The San
Antonio National bank has the largest
deposits of any in the State of Texas,
amounting to $1,1s7, 259.3S, this zoo
with a capital stock of $125,0OO. The
First National bank at Galveston has
The largest capital, 100000.
The total liabilities of the national
hanks in Texas are SO ,573,O74 81, and
thsy have surplus fund of $471 ,581 40
and o bank circulation outstanding
amounting to $1,056,925. As individ-
nal deposits they hold $5,487 ,O67 .63,
and as deposits by United States dis
bursting officer, $212, 995.S8. Their loans
and discounts reach the sum Of St, 601,-
SSl. SO. The bonds deposited for cir
culation amount to $1,218,5O0, and
bonds for deposits, 100000. All the
real estate held by these banks only
Ieacesh the value of $191, 433.47.
They keep good amount of cash in
hand, rather more I think, than the
average throughout the country. This
is. Of course, divided into two princi-
pal items: specie, $495, 4s6.43 ;and legal
tender notes, $5O7,720. The reports
show continued growth in the bust
ness of, these banks, commensurate
with the expansion Of the country in
which they are located.
There has been but a single national
bank of Texas that has gone into vol
untary liquidation under the provis-
ions of the banking act. 1t was the
National Exchange Bank of Austin
which had capital of 100000, and
an issued circulation of $31 800, There
is still outstanding of this circulation
$9693, which is, of course, fully pro
tected by the treasury. The only fail
ure was in the case of the First Nation
al Bank of Dallas, which had capital
stock Of fifty thousand dollars. This
bank became insolvent in 1878 and has
proved claims against it amounting te
$73SO4. Thirty-seven per cent. has
already been paid as dividends to the
creditors.
During the year, eleven of the
banks have suffered losses, the tota
amount being $106,1O9.6S. This in
cludes losses in their business on ever.
account, including losses on technical
bad debts.
The amount loaned by all the Texas
banks, on single name" paper is, ST.
2S3, ia; on United States bonds So,
900; on other stocks, $219,932, and al
other loans, 1927 $50.
There seems to be but sixteen OF tn
Texas national banks which declared
dividends last year,the average being,
per cent of the capital stock. But TIN
net earnings of these banks last yea
were $320,176.O7, making the percent
age of earnings on the capital and sur
plus over sixteen per cent.
The number of banking institution
in the State of Texas outside OF tn
national banking system, is 1873, HAVING
combined capital of $4,6S6.443, AM
on deposit $1O,3s1, 1853. There are I'll
teen state banks, with capital OF 81,
9S7,079 and deposits amounting to %
357, 246. The total amount they nav
invested in United States bonds is 80
GIG. The private banking establish
ments are in number 1913, having
capital of S2,7OS,634, and deposits, 81
24,606. These banks have but SILL
275 invested in government bonds. =,
The outstanding circulation OF Tn
Texas national banks amounts TO 81
ll3,209. By law they are required U
hold a reserve of 1898, S35; but IN lac
they hold S1,794,0SS.
There are a great many figures her
represented, butt doubt if the reader
Of the NelCs ever had so much statls,l
cal and official information on the SUI