The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1889-09-19
Bennington, VT. September, 1889.
Report Of tho State Inspector OF FL
nance.

Report Of tho State Inspector OF FL
nance.
From the press report we condense /:
The annual report Of the State Inspector
of Finance, Col. L. o. Greene, has just
been issued. The report shows the con
ditlon Of the savings banks, savings in
situations and trust companies in the
State at the close of business June Goth,
1889. The report contains these facts {:
Two new banks have been organized
during the year, the Randolph Savings
Bank at West Randolph, and the La
mobile County Sayings Bank and Trust
Company at Hyde Park, making in all
90 savings banks and II trust companies
in the State. The number Of depositors
in all the savings banks and trust COM
panies is GIL, 759, 10 so per cent. of the
total population, or nearly one in five.
The increase in number during the year
is 1899; 81, 1913 depositors are residents
OF the State and have deposits to their
credit amounting to $14,930 ,354.42, an
increase of 81 042, 1877. The non-resi-
dent depositors number 1881 and have
to their credit 81, $40, 973.63, an increase
of 1857 ,002.52. The average to each de-
positor is $2SS.24, a decrease of $50. The
total of deposits is 81, S0l, 1928 O5. Divi.
deDds, surplus md taxes-$553, ISL. IS in
dividends has been credited to depositors
in savings banks, an increase of 3d.
606.34. Stockholders in trust compSnies
received in dividends $44,225, an in
crease of SIS 475.
Four savings banks declared dividends
of per cent. and two Az per cent. One
i trnsf cOn,Danv dacla rod 40 M. oos. -.
| 10 per cent, one 3 per cent, five 6 per
cent, and one per cent. on their stock
The amount Of surplus reserved by the
savings banks, agreeably to the acts OF
1884, is 1851 ,81303, The total accumu.
lations of all the savings banks and trust
companies, including the surplus, amount
to 81 ,020, 1857. SO, or 5.25 per cent. of their
total liabilities, an increase during the
year of $118,4l4,26. The amount Of
State tax on deposits Is $l0l 16l so, an
increase Of s., 1925.
The amount loaned on mortgages OF
real esrate in Vermont is $3.50 585 %
an increase during the year of $362,
090.2l. The amount loaned on mort
cages elsewhere is $7,2lS. SOL 80, an in
increase OF 1864, 1858.
A considerable portion OF the report Il
devoted to the subject Of Western loans
The Inspectors opinions on investments
in the West are worthy of special after
ton at this time, as during the past year
he made an extensive tour through por-
tions Of the Wet for the purpose OF in
vestigatiDg the class of loans IN which
the savings banks and trust companies
of the State are interested. The Inspec
tor says: The amount OF Western mort
cages held by the savings banks of Yer
mort has increased from $1,27S, 1909 il
, 1879 to 81, 21S, 66l in 1889 AS the great
er portion Of the amount in State, city
county, town and village bonds is als'
; invested West, the grand total loaned b,
> Vermont savings institutions West is no
> less than ten and halt million dullara
, Mr.. GreF:e eays that Western real estat
. loap:ns .;fwrJ satisfactory thusifaI
but it IS not All gllt-edged that Is offere