The Superior times. [volume] (Superior, Wis.) 1870-1912, 1892-01-30
+ kSHhinG In superior.


Front<.reetz .Ii.land Ocean.
The condition of the banks Of Supe-
rior, as shown by their statements pub
llshed Of dlte Jan. 1, 1892, is an eX-
ceedingly favorable one. At the same
date list year there were eight banks
in operation, the luterTat iG;lal having
Just opened its doors and the Bank OF
Commerce not being open. AS the
Latter soon after resumed business on
a much larger scale it is only fair to
include it III last years column. The
Superior National bank, while all
housed and ready for business on Jan.
1, 1892, still lacked a safe to hold its
lucre, and can, therefore, only be in
claued in this years statement to the
extent Of the two items of capital and
cash, and other items, the latter item
being the bank property at the corner
Of Tower ana Seventh, for which
stock is understood to have been issued
to the value of $4,000.
The First National has increased its
deposits by $l53,632, its loans by
SIT, 900, while its cash items show de-
crease.of about 5000. \ manifestly
conservative statement.
The Bank of West Superior has
fallen off somewhat IN deposits, dae to
the fact that in January, 1891. it was
made the object of an inclpient run,
and its friends came to the rescue
with large temporary deposits; its
loans and discounts have increased by
:20, 0Oo, and It's cash decreased by
:l5,3s2
The Bank of Superior has Il falling
off in deposits of So due to the
recent heavy drafts from the city
! treasurer; its loans and discounts fol
low suit by a contraction of :37 ,ij3,
and its cash items a falling away of
ST. $50.
The State Bank of Wisconsin shows
an increase in capital amounting to
500, 600 one half Of which is paid in,
making the actual increase $l20, 00o,
although the unpaid stock is liable to
call at any time at the instance Of
the state officials, and the Stockholders
! are liable for the full amount sub
scribed Icy them in case the bank
should fail. The deposits of this bank
! show an increase Of $lJ9, 503, its loans
and discounts ::299, 500, ana its cash a
decrease of So, 0IS. The increase in
the hllS;npsS Of this bank Wouli be
notable anywhere.
The Douglas County bank SHOWS an
increase of 1851 in deposits, &25,SiS
in loans ana discounts, and a decrease
SIS, GG9 in its cash items. A very com
mcnd,;Ile aud healthy showing.
The American Exchange bank in
creased its deposits SIS, .o6, It's loans
and discounts $40, 203, and its cash
items $l3,2oo, which is fairly indcs,-
tive Of the growth of the business dis
trict surrounding it.
The keystone National increased its
deposits :3l so, its loans and dis
counts al ,70i, while its cash fall Of
sl3 tia, a statement compatible with
The best of banking, considering that
the sen;-anaual dividend was 4 ) per
cent one.
Tie In:2rnatioll Bank was not
family III operation at the beginning Of
ISL, bat seems to have made an I'M
preston on business circles. 1t has
a comfortable line Of deposits, loans
and discounts.
The Bank OF Commerce at this time
last year hal almost $4,000 OF city
moneys OF deposit, which accounts for
the large falling off i'll It's deposit &C
count With an Increase Of capital,
hnWever, it has been enabled to extend
its line of lolns and discounts So, Ol3
and to increase its cash items 10y
$60,0ii, thus keeping up with the pro
cession Il The general increase o. bus
-npS.;