The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1890-02-26
A MILLION OF INCREASE.

MlLLloN OF INCREASE.
The total resources Of the West vir-
ginia national banks amount to $685.
500, or nearly a million more than a
year ago. With such a large fund avail
able 1t is natural to find that they have
out ns loans and discounts S4.5so Ga. or
n half million in excess OF the loans Of a
year ago. Their real estate is valued at
S2l3,077.
The Treasury officials have secured
much more complete classification Of the
loans and discounts OF national banks
this year than has been customary in the
past, aud in consequence it is possible TO
get q clearer insight into the banking
methods pursued. So far as the West
Virginia banks are concerned the show
ing made is excellent, us it is deyeloped
that they do a safe and conservative
business. The figures now to be given
will attest this statement.
A SPLENDID SHOWING.
They have out on paper with single
name, unsecured, sl46,os7 81; on paper
with one or more endorsers, otherwise
unsecured, s4,lGl,O72 81; on demand,
with United States bonds, other bonds,
stocks or collaterals rs security, ST..
Sl7 80; on time, with similar collaterals
as security, S253, 800 S5.
While the West Virginia National
banks are required to keep a lawful
money reserve OF sG03, ,7G3, they actually
hold as such reserve the much larger
sum OF 81, ,ll6,2S0.
Since the organization Of the National
banking system twenty-eight banks have
been established in the State, but eight
have ceased 10 do business, leaving, as
stated, twenty in operation,
Eleven Of the National banks OF West
Virginia have already had their corpor.
ate existence extended under the law.
MoNEY-NAKlNG CAPACITY,
And now comes the very important
matter OF the money-mnking capacity of
the local banks, for banks, like other
business cnterpriscs, are conducted for
profit. It need hardly be said from what
has gone before that the West Virginia
banks are on solid basis and yieId a
good return to their stockholders. This
will be apparent from the following
statement:
Their gross earnings for the year
amounted to S3G3,S37 50. From this,
however, there must be deducted for
losses and premiums, S3O,37G 93 and for
expenses and taxes, Sl29,07l OIL. This
leaves as the net earnings, S2O3, ,4S9 O5.
They paid in dividends, Sl4667G Is, Tho
net earnings were S.75 per cent on the
capital and surplus fund, while the diyi-
dends were G.32 per cent on both capital
and surplus and 100 per cent on the
capital alone. ,s
VINO GETS TIE EARNINGS,
Lastly, as to who gets this money
through the ownership Of the banks, and
it can be said that it remains in the State,
as the stock is principally held by the
home people. More than this, the stock
is pretty widely distributed, there being
no less than Oil shareholders. But the
figures will best tell the story:
The total number OF shares of stock
Issued by the West Virginia National
banks, reduced to par value OF fSlOO eacb.
is 1850. OF this number there IL
owned in the State 1851 shares, and
1900 shares are held by non.residents,
The number Of shares held by natural
persons is 1892, and ,o5S shares are in
the possession Of religious, charitable,
and educational institutions. There arc
o03 natural persons who are share.
holders, and eight corporations own
stock, Of which 723 are residents Of the
State and 1888 are non-residents. The
number OF shareholders owning specific
amounts OF stock is rs follows: !
Owning shares to the par value Of
81, 900 and less, five hundred and twenty.
two; over 81, 900 and less than 5000,
three hundred and sixteen; over 5000
and at oa less than $4,000, sixty-nine; over