The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-01-04
THE INCREASE IN BANKING
In Roanoke from Jan. I, 1890,
to Jan. I, 1891.
Tho banking Capital of tho Magic City
Increased from ss4IO,OOO to $3.50, 900
in tho Past fcnr-The Increase In Do
rosits-Tho Condition of Eonnoke's
banking Institutions.


Of Roanoke for the past year, az given
by THE TIMES this morning, shows that
wonderful strides have been mado.
Tho opening of several now banks in
Roanoke during the past year have
helped TO swoll tho volume of business
in this department OF Roanolze's dcvcl-
opment.
These are tho Fidelity Loan, Trust
and Deposit Company, the Traders
Loan, Trust and Deposit Company, the
Roanoke Savings Bank. tho State Saw
ings Bank.
in banking in tho year 1880 was $751;
00), as compared with Sl40, OO0 in 1889
81 ,wing nm increase of 81 1000.
The total amount of deposits in the
b.nks of Roanoke on the first of the
now year was S1.66l ,97S.72, rs compared
with $500, 922.Sl ut the beginning of
1870, tho increase being ST1l ,O55.9l.
The total amount OF loans and dis
counts in all tho banks OF Roanoke on
tho first Of the year WAS S2.035. 643.92, as
compared with Sl,233.Slp.7O TT the Same
time Of the provions year, tho increase
be SSOl. So.l.0..
to S235, 0Ou on tho first OF Tho year, rs
compared with $l3i,GO0 the year before.
showing Nil increase OF SOL, 900.
The volume OF tho business OF all tho
banks OF the city on January list was
3,07C, 6iO.s9. Az compared with $l,6.3,-
4i3.25 On January ist. 1850, showi ns an
incrcasu OF $l.3l..I316l.
The seventh annual statement OF Tho
Roanoke Trust, Loan and Sato Deposit
Company, made out January I, 1871,
shows tire capital and surplus OF the in
S;itut!on TO be $4,000. IN increase f
$l9f., 90 over that of the previous year.
The deposits are S2aO.O0O. rs com pared
with Sl30.OOO OF tho year before, show
ing an increase OF Sl2e,OoO in deposits
sine, January |, $500 Tho cash on
hand is S53.00o. as compared with 2e9,-
OG0 last year, the increase being *54 900.
Tho amount OF loans and discounts is
$340,75 II; com pared with 500. 600 the
previous year. shown. an increase or
SEQ. 1852.
The volume of The business in 1852
was ss6a,4s., and for 1870 $6Go,97s.2o
showing III :ucrcasc 81 :2qG, 1920.
President i. l.. Terry. OF tho company,
told q 1iMEs reporter that he was sa is
| fled that The amount OF past duo paper
| WAS throc times less at the end OF last
| wear than at the same time The year be-
| fore.
Tho Commercial National Bank has
capital Of 500, 900. Ita deposits on the
| first of the new year amounted to $500
0GO. MS compared with %l00, OC0 tho Same
| time last ycar-thc increase being $780,
0O0. The surplus is $1,000 Is compared
with $4,000 at tho beginning OF last
year, and tho undivided profits $1,000,
as compared with 5000 tho year before.
Tho loans and discounts are S3l6, 4Gl,
as compared with Sill, 499.s5, showing
| an increase OF sl3l, 97l.l5. The volume
OF the business of the company ior tho
past year il Sill, 304.7i. rs compared
with S2i5, $50 tho previous year. show
ing an increase of Slo5. iSt.7l.
The Citizens Bank OF Roanoke has a
capital of $4,000. On tho first OF Jan
uary, 1880, it had $50 coo in deposits, and
the first of this year its books showed
TIC deposits to be ;s75, 600, an increase of
$4,000. On tho first of last year it's
undivided profits were $1,000. and this
v ar the surpluss and undivided profits
were SIS. 800.
Tho loans and discounts are Sl13,-
5S0.70, as compared with 3;1.9S0.25 the
previous wear, the increase being $35.-
6)0.45. Tho voiumc Of business for
1880 WAS s02 ,o3i SO, and for 1890 it was
Sl50,CSl.1O, showing an increase OF $685.
Vi I.5f Tor INC year gone Dv.
Tho Fidelity Loan and Trust Com
pany's report shows loans and discounts
to { lc amount OF - II, iO9,32 on Il paid mp
cap tai stock of ioi,l7o.O3 The individ-
ual deposits are $iO,4 The volume Of
the business for The year is &2S3, sos.
The report OF the First National Bank
for tho past year shows its deposits
Oh tho first Of tho year TO be $3.50, 522. 10.
At tho Same period OF last year they
were $40, i65.3S, showing IN increase
Of SAILS. O56.Sl.
The loans and discounts on the first
of tho year 1891 arc SGsi,770.Sl, rs com
pared with 50 i,a95.9S the same time of
! The previous year, the increase being
Sl60, i4i.S3. The surplus Is S15.DG0, as
| compared with $50, 600 the year before.
Ihe undivided profits are $1,000, as
! compared with $40. 800 1T The first Of last
year
The report OF tho National Exchange
Bank shows the loans and discounts at
the beginning OF this year to be $332, =
03l25, rs compared with SOD, 945 10 the
same time last year, showing an in
crease of $il, 0;6.l5.
The deposits are S2l7,0l3.s2, az COM
pared with SlGl, i57.i3, an increase q
555,556.3D.
The undivided profits are $1,000, be-
ing $3.l22 the year before. The surplus
is $4,000. The volume OF tho business
during the year is $35G,L7l.0l, as com
pared with S,S9,777.14 Tic previous year,
! showing an increase Of sos, 293.S7 over
last year.
Company began business on the LIST OF
March, 1890.
AT the beginning of the now year
! they have loans and discounts To tho