The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1886-12-03
NATIONAL BkNks.
The Report of the Comptroller of the Cur
rency on National Banks.

The Report of the Comptroller of the Cur
rency on National Banks.
WASHINGTON, Nov. 26.-The annual re-
port of lion. William /. Trenholm. Comp.
troller Of the Currency, contains sugges.
tions for the amendment of the national
bank laws in about dozen instances, in'
Guiding the contingent liability Of share
holders, requirements as TO the reserve, a
limit on loans to individuals, more thor
5ugh exaianeti6n of banks, and their pro-
lection against UNEQUAL State taxation. The
specific character of these suggestions IS
withheld for the present. Three thousand
five hundred and eighty national banks
have organized in all, of which 2,95S are
now in operation. OF these ia have been
organised during the past year, with cap
itaI of $21, 600, 600, circulation, S2,9OO,0 coo.
Twenty.four banks went into Volttntafy
liquidation during the year; one ceased 10
exist by expiration of charter and eIght
failed. Since the beginning of the system
iii 1888 only t12 national banks have
failed. OF thesE thfty-siA have paid their
creditors IN full and twenty-eght have PAID
interest besideS-ffteen iIf full and Eve in
part, over go per cent. of all natIonat
Bank stock IS Field by residents of the
State in which the bank is located; more
y
and over 96 per cent of the number of share
holders are natives or natural;Zed. The total
fnmber Of shareholders is 223, 900; The total
number of shares G-gr 100000. The eft
feet of the reduction of The public debt and
The high premium OH bonds upon the vols
ume of national bank circulation is very
fully il ustrated in the report. The con-
traction in national bank circulation during
! the year exceeds 500, ,000,0 coo. Besides the
| usual tables showing the condition or
| natianal banks at various dates tie report
| this wear E5Ht5ihs an abstract which speCi-
! fes each item of their resources afid liaJl"
| tiles. The banks in the several States, 20
! serve cities and Territories have their con-
/ ditens stated separately. A large diagram
! eS'ubilin4 the main features of the
| national bank.na sSstetH .ahd their vari-
1 ations during the last twenty-t1ne ysafs, az
companies the report From this it appears
/ that the aggregated deposits with banks
! have increased from 1922, 900, 900 in Janu-
ary, 1856. to LIB 900, 900 in October 1885,
while loans and discounts have risen from
! $500. 600 OOO to 81 .443. 900 900. The specie
! he'd by the national banks in 1866 was %19.-
| coo coo; IN October, 1875, only 5000, GEO;
| i'll July, 1885, S1T7, ,000, ,008j and now sl56,a
/ 600 600 Mr. Trenholm declines - say
! 8liether his report contains any spec. Ii" rcc-
4 concentration in regard % a mod alton
of the law making United States b0n3S tho
basis of the national bank currency, but it
| is understood at the department that he has
| presented strong array of facts and
figures showing how valuabi5 TIE system
has become to the entire country, and how
important it is that it should be made
adaptable to the needs of communities in
the West and South, where vast nation al
resources await development by the aid Of
outside capital.