Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1885-11-13

/,
,.
the part Of trustees, as to their inabl ty
to make satisfactory investments, would
he much less general If they were more
FULLY In sympathy with this policy.
Dividopas and E.rniuys
NJ. -. $3.50
~ Ivpor,S SHOW tld' so ,toI'"' nus
NV pteu cicuIed IuNcpoH'"F? accounts
loI lh'GreSt on deposits III savings DHhks,
! no, ncIuGllg trust companies ana sd
,o'.oV Us uINIuenuN 10 STOCKHOLDERS IN trust
,h n,i lp"lles, IN Increase ul so "!'.%o over
, re 'Li ,, 'Itui''H i12I year 10 deposit
III, puu " ucc'e'l7" ul @I,iDJJd 10 STOCK
'Tl,'trs,
Io,lr savings oanNs pHld i've per cent
th r,' f,,,irr ~ "tpoo''ors one, I"ur ana
two four and one-fomlh and four four
per cent. OF the EIGHT tfust cn,nn1,iog
two have passed dividends tn SCIENTIFICALLY
ers, one has paid eigbt four. six and
one: five percent
! am fully convinced that few Of the
institutions which | have examined are
declaring larger dividends than is con
sistent with conservative management
llsteui Oh Teplacllg lhe better class OF
to Tine with others when ARE ,.V ann Lii
choicn and i'm this ,yn,. nhsorhin,, a n,,!.
tion of their earnings in premiums hoy
are losing SIGHT. i'm some deurre mt lensf
of the nnolifv Of their assets mo ev
IRENE high rates Of interest that Western
loans command have been unite seduct1ve
and a few of our banks have made eXton-
sive investments therein dnrino, tho mast
two wears If womb in NV indTmnnf he
a wise nrpcaution on the n9ri of hanks re-
living largely on this class of securities TO
carry at least one.seventh Of the income
therefrom to n specinl reserve fund
most heartily concur in the succession
of my predecessor that it would be wise
to limit savings banks nv law to four and
one.hnlf per cent dividsnd 70 den"sit ,,'
am especially impressed with The wis
dom of this suggestion from the fact that
1t is not the banks which are strongest and
best able to declare larger dividends that
do So
Accumulation. surn,us.
| r,o ,,,,o,o,,+,, -, ,.,,.,,,,,l -,
Inc guaranty OF surplus reserved,
hlliounteu Ju , ~, l9oo, 10 80, 4of 20, an
increase oi s'i' lo,4' curing the past year,
! Mh'Ie tIe loIal aTcuilula'lols' lllClu'iilS
the surplus uhulVlned earnings ana IN
! Lnc' amount 10 so'o'4oo,oo' Drlhg 500
,1orn I'm t,ro raarS Zoo ,.a, ',,if
| ing showing.
.
ho'hs anu Investments
During the past year there has been an
! increase OF 81 ,O42. 90 in the amount loaned
on mortgage security in this State, and of
23,5912l on mortgage security out of the
State.
Loans on personal security have in
. creased 50, SOB. 10, and loans to towns, vii
lagos, etc, are 500, 5000 less than last
year
The item of real estate acquired by
foreclosure and quit claim has increased
from Sl46, 9G2 43 last year to 1863, 0462l, an
| increase of SD 0S3, IS for the year
State, city, county, town, village and
school bonds now amount to S256o, Oes OS,
decrease during the year Oh sI'4'-
''',' Goorooso of ear $50 M bos been mazda
l.; ,i,'i I'll. 80. fra,t ~ a,,,li,,I,t
ni,.mad Inot ,'anr tSo a,nnnnt NOW nl,nad
Io;t,, s5 49, of- WV
Tbo nn,nn,,t of o,sb M, denosi+ in hanks
mostly on interest has increased from
Us -, NJ ,nSt vaar to xii AZ "a his
EAR Cosb On bnnd lima 20 1884 sf4o
S0@s, 80 i,3t 90 20 ~ Oh '1SSS -''''
Tba TIract taves nnid r. tha STATE irons
,,rar NV tbe trust crmnanies and savings
ha,,k fo NY tba ve.r a,,iind, J,ma "a issS
nn,nnuted 70 so oo5 So 7vbich il 81 =
more than last yeor
st. Albans trust company.
Although this institution is in the hands
of y Receiver and entirely within the Ju-
Ri lotion and control OF the Chancellor
made a hasty examination of the books
and made inquiries of the Receiver, Hon.
Charles W. Rich, with reference to the
future prospects as to depositors. The
principal asset from which any further
sum must be realized Is the property OF
the Norwood Lumber company, at Nor
wood, y. Y. Thus far the Receiver has
been unable to get any satisfactory offer
therefor. Unfortunately the property has
been much damaged by a tornado during
the past year The affairs of the institu-
ton are somewhat involved in litigation
and the prospects for the unfortunate de-
; positors are not at present fat.erng.
I;n,IIy
.- ..-.....
IL Is uue 10 the several sakluNs II!s 49,