The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-06
WASHINGTON BANKS.
The State Takes Fourth Place
With Her National Banks.
paoFtTABle INVESTMENTS.
~ Reserve Largely In Esss-s Of the
Legal Ksansrement~Tbs stock
Well Distributed.


WAsHiseros clrs, March 5.So better
esitlencs OF the development and prosI'af1iy
u Washington can be offered Than y III.
10S1ed by "A mere recital 81 the anf'aAs
Separations IL tie national banks there ie-
kated. Wherever commercial growth JUS
fllles REV banks spring Isto existence si'i
cid ones extend the sphere of her bta'-
mess. such being the Case yonf CORES
p0Hdent has thought - Hortn SAsss 70
hiring together soIae facts and h'tssfes sssas<
me- 10 the national banks 81 TOE Young
states. together @sth statement " tasaf
9scAi operations for the last year
Washington takes The fourth psaes among
the states ia tie nasaDer OF nsw natiofA
hanks organized during the past yeaf' 'ae
nunber OF sueIs new organizations hasing
been thirteen.
The combined apIsai OF these local baisks'
thirty SIX In nnmler. aflsosHts :" s''t,sa,
~, or nearly x2ss0.sfs9 more money thah
Was 20 empioyed twelve months ago as
IN nndoubted evidence oi their prosperity
and as M Indication that the business o.
The state warrants this expansioH OF none
fary institutions, il need only De said mat
they have added within single year over
: hall million dollars To their surplus iass'a'
which now amounts b. $sgi rs
Is Besides, they bold "a undivided ffaiiss
4fgg.178. There has also been a CONSIDER
able increase ia their outstanding fsfcaia
sion. due Ia the creation oi 50 many rev
banks. the sum nov beinF S9vi,sit ba.
the most material Improvement y foafia
III the individual deposits, those fahds
nlon which hanks feed and live. and thist
TOO. speaks volumes for the prosperous
condition and advancement oil the busi.
ness community. these deposits having
afmost doubled since The last annual rate
nsent. This TRUST fund OF the people
amounts 10 80 9as .tass, as against Natas,-
fsb year ago.
The total resources OF these banks have
crown from little over Ten million dollars
Is SIC. 40 535 in twelve months, lnanf,ld
enlargement not witnessed In any other
community or section OF the country.
with so great resources IL Is not surprising
that the loans and discounts have Increased
over four million dollars. the amount now
beinr slO.7s6.isi. They have deposited IN
4he treasury 10 secure their circulation
fs7a 600. and To secure deposits siist.1a
Their real estate IL valued st So, 10 ID
The treasury officials have made much
more complete classification of the loans
and discounts of national banks this year
than has been customary in tie past. the
object being tn give more definite fniorma-
tioa on this important phase of banking.
Even this test has been passed IN safety hy
fha local banks, and the results ab0w that
they pursue cafe and conservative course
ia the disposal OF the money committed TO
fhcir custody. This can he seen from the
following statement:
They haveont on paper with single name,
unsecured, i.43.T9i.24: on paper, with
one or more indorsers, otherwise unsecured,
H.S;fs a6G a5. on demand. With United
states bonds, other bonds, stocks, OF col
1aferAis. ms security. x1ii ,s23.zis on time,
with similar eoiiaterals "a security, si.s2e.-
l0p -
While the Washington national banks
arc required To keep lawful money re-
serve OF 81 Sol GLIB they actually bold rs
such reserve the much larger sum of s.. no.
SOS.
since the arigination OF the national
banking SYSTEM forty banks have been or.
ranized In Washington, bal -four have gone
into liquidation. leaving, ~ stated, thirty
six still In operation. There has never
been a failure among the local banks.
Aud now comes the important matter, at
least 10 the banks, OF their money making
capacity, for banks. IKE other business
enterprises. are carried on for profit In
THIS trustworthy endeayof Ia do q little
more than make both ends meet the local
organisations do remarkably we'll Indeed.
their success Is not surpassed By similar
institutions anywhere in this country. But
the figures viii tell this story more aptiy
than any words.
First. however. IL should be explained
that the statemcnt only includes returns
from twenty-sis bank. the new ONES. al
course, not having reached dividend pay
Ing basis.
The gross earnings of these twenty six
hanks for the year amounted 10 ssG,
tsHee. From this sum, however, there
must be deducted for losses and premiums
SIS gsa. N, and for expenses aud taxes Ssgs,s
saa. N. THE leaves a. the net earnings
$Hra fts %. They paid in dividends ssa'i..
asa. The net earnings we're 2lia per cent
ON tho capital and surplus fund, While the
dividends we're 81 per cent on both capt
sai and surplus. and T., - FER cent. on the
capital alone.
8. Lastly, as TO who gels oil this money
through the ownership Of the banks. la
answer 20 this question i can he SAID that
Il In principally retained by the home
people. More than this, IL IS pretty well
distributed. there being ne less than aS
shareholders. and. rs consequence, the
stock Is mostly ownesl in comparatively
small lots. The figures new to he gwen
will show the facts;
The whole number If shares 81 stock
issued. reduced 70 PAR salae oi Size eseh,
il g. .Ol Oh this number ~. 10 shares are
held hv residents OF Tire state ard $50
shares are owned nv non.Se~idenis The
number OF shares held by natural persons
il - .ts6; 10y savings hsuks, Ioan ard tTast
and Insurance companies, Iei at other
corporation. IL. There are so natural
persons who are shareholders and foeF car-
porasions own stock. 81 which SSs sre resi-
dents and - sire nou-reSi3sNta. The
number al shareholders owning speegHc
amounts OF sleek is IS follows
Owning Shsfes 81 Tbs par value ii sltse
and less, &c ever s. 700 as1d less than
ss.ase. 49, over - 0si ana less thse So
90. fssss oyer ss0e0. H.
l.oi~ go sseh sasse ol tlis q ks3laxx sAt4ssaa