New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-11-26
NATIONAL CAPITAL TOPICS.
CONDITION OF THE NATIONAL BANKS

CONDITION OF THE NAfloNAL DAM"
CONTROLLER rRENnoLM's RRPokT-AAooNf OF pn-
pos,rs AND ACKNOWLEDGEMENTS.
WASHINGTON Nov 2a-The annual report OF William
,,o,,, co,,ro,ler Of the Currency contains sugges-
,,os Gov M, amendment Of the National Bank laws In
.op. dozen instances including the contingent hanh
tv of sharchoders requirements as to reserve the mint
nm loans TO individuals, more thorough examination Oh
hanks and their protection against unequal state TAXA
ton The specific character of these suggestions is with
held for the present Three thousand five hundred ana
eighty National banks have organized in all Of which
2s5s are now in operation; Of these ia have been Or
ganzed during year with capital OF 81 oVcVoo
bonds So 100000, circulation S2,9ooOOo Iwenty-lo"r
banks into voluntary liquidation during the year
one ceased to exist by expiration OF charter anu
eight failed The failed banks have aggregate cp
of S65OOOO surplus and undivided profits S2o4ooo' n
abilities 81 The creditors of two OF these banks
have been paid in full, principal and interest III "o
cases dividends reached 80 per cent In one case 30
per cent and in 90 per cent The tot d'oehus
Maid during the year by all insolvent banks exceed
81 GOO ooo eight banks have been finally WOUND UP
aud their accounts closed leaving twenty-five msoeni
banks still in the hands al the receivers
Since the beginning Of the system IN 1858 only liz Ma
.ionaI hanks haze failed OF these thirtysi have pad
their creditors full and twenty have paid interest De
sides fifteen in full and five in part An interesting
comparison il made between National banks, previously
existing as institutions, and those originally organ
lied under the National Bank laws In each case only
per the number organized became insoVen very
fun tables are given showing the distribution OF tne
shares of stock of National banks in every state
and Territory distinguishing between the shares
held nv the State and by nonresldents py
individual persons and by the various cssses OF
Total shares over 7OOoOoo tol
80 cent OF all the Naonai Danh rtoch
is held residents of the state in which the DaK s
mated more than 81 per cent is held by dlNldual per
cent Of the number or snarenouers
are individual persons. Among the corporations houne
National bank stock the greatest amount Is held oy saw
More than half the entire number OF siidfebouers
hold ten shares less about one-thr hold over Ten
shares hn less than ftv while those holding more than
fifty shares number but little more than one hhlh VI INC
The effect ofthe reduction Of the public debt and the
high premium bonds upon the volume OF NauoIal jain
circulation is very fully illustrated IN the
report The contraction In Natona. bank CIR
culaton during the year exceeds soo,VVoVoo.
Besides the usual tables showing the CONDITION OF
al banks various dates the report this year contains
abstract which specifies each Item OF tne resources
and liabilities The banks in the several states reserve
cities and territories have their condition stated scp
atelv large diagram exhibiting the ain features OF
the National banking system and their VARIATIONS curing
the past twentyoDe years accompanies the report
this II appears that the aggregate deposits IN ut ~
have Increased from 1922 100000 in January, 1866 10
Sll73OOO 900 in October, 1856, while loans anu us
counts have risen from S5000O0000 at the former dae
10 81 900 al the latter date The specie ned oy
1875 it was only 81 900 900. while in July 1se5, was
Sl77 900 900. and is now Sl56,OOOOOO. MI. 1rehnom
declines whether his report contains any speclnc
recommendations In regard 10 n9dlcallo VI e "a
bank currency, but IL is understood at the Department
that he has presented strong array OF facts ana gres
showing how valuable the system has become 10 the en-
tire country and how important II Is that should De
made adaptable the needs OF communities IN the west
and south where natural resources need develop
ment by the aid Of outside capital