Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1888-03-04
ylRsr NATIONAL BANK.
MERCHANTS NATIONAL BANK.

Cashier Furth. OF the Puget Sound
Satiousi ba 4, was yesse rday asked By
a Posr ISrsLLIaEScss reporter to sua
seat au explanation for the results sp
bearing in the tables above given. Hs
said;
"Ihe increase OF deposits IL due prim-
avily TO the increase 10 population. A
aradcal increase OF population means
an increase OF the clase OF men Who
have deposits 10 hanks, although OF
course many Of the newcomers, fron
the working men to men OF leisure and
not In any active business, have money
on depoait. Another reason IA thai
there il large amoant Of capital COM
inc into ss title and, indeed. into the ter
r,,or- at large. from eastern investors
ria money ia not idle. i. IL 10
,ssted 10 many channels and re
INFESTED az tie money rei-rns IL
| the course of business. some OF
| ,ss money coming from the est is
| ,,xes,~d IN the merchantiie business and
,rs capttA becomes permanent
| sss,,,op 20 current funds 10 trade ehss
| nsIs some Of TIE eastern capital l. In
ysst,d ia real estate aaa. OF course. a.
fas, AZ the property Ia sold again toe
| r,onsv comes back for reiuvestment
Then acme OF tits capital 10 loaned IN
ora way and another by individuals
vho keep turning IL over and over, somt
~ them in comparatively small sums
A considerable proportion Of this none,
| IA kppt on deposit avaitirg an oppor-
tuoi,y icr investment, the significant
fac, in this connection being that east
srn pecp.e are vide svske 10 the fact
that Sea,tle thers desirable basiness
chances ard investments. Then. too,
there are large dep sits la tie banks o;
uorey required 70, tie Improvement.
bs;us made In sli parts OF the city"
"Ibere 10 another aspec. Of this most
encouraging Indication OF Seattle.
nTososr,ty," continued Mr.. Furih
l.Ths nereesn;s snd manufacturer.
have teen doing Iasas and constant,
increasing business. Aany Ct thes,
who we're borrowers enc, tvo or tbfes
years ago. nos have balances IN banks
hi. fessis lS.as conssc1snt npon tt,
general prosperity. ieen, there Il
Another reason TO which considerable;
portion Of the increased deposits IL at
tributshle. VI sny az the Old settler
whose properties have inartassd gre .tiy
In vslrs. have sold much OF vhss the,
dUrfd AEC tl5cc1 we tfcsSs%s ~ VIZ
hanks This mcEsy 10 macy instances
i. deposited by people Who are so wel
20 IN yesrs hss tbsy Will not iiksls in
YES, 1, agsie, At least. not extensively
In ether instances. the nrosesds OF th'
sale Of these properties Is oeies grs6u
aIiv re-iuvessed OF lies Ia the bark
sxsi,.ng opportunities Of ceafsc;e
/. da.ireSi by tie osrsrs"
what Sun d. yea estimate tas .o.s
deposits 10 sll OF the bauksf'
"rhs fetal 10 mach larger than II xs
!. February ltih last, .ee date 81 lie las
usslonai bank sss,emerss- 10 cur ban
, the deposits yesterday amounted I
|, S4Taoss q, TIE loans smaanisd 9
: ass, .ts3Ti. Teis increase has take
I. plare darirs tie rsst seventeen tssi
should say there were 5es~sxn Si,7so
. GO aud t2.Coo, 600
Tue s;sftmsn, Of Dsxsez Herio1 Ar
: Csupauy's bank Is Tot yet p2Slissee
: sac ,in,s fer yabsiea,sea aas ssTipg "
Strives, bat the ta,al deposits are "a.
: 10 be seoai 500 GA.