Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1892-01-07
LEGIsLArIyE REPORTS.

Ranks-The ENCOURAGING |
Report of the State COMMISSIONER
Healthy F1nances-The Railroads
of the State-How They Are Getting
On.
The annual report of the bank commits
sioners shows many interesting facts, as
follows:
There has been an addition of one to
The number of savings banks during the
year ending October 1, 1891, making the
total eighty.seven. The new bank is the
Savings bank, located at Bran
ford, and was chartered by the Legislature
of 1889. r
The Burrit Savings bank of New Brit
ain, also chartered by the legislature Of
1889, has commenced business since Octo-
Der l, consequently its statement does not
appear in the report.
The Peoples Savings bank of Middle
town formerly the Dime Savings bank)
has done little or no business during the
past year. It's total deposits are only
$634.47 and total assets $791.41. Believ-
ing that the corporate existence of this in
the bank commissioners have requested
the states attorney to commence proceed
ings to close up it's affairs.
Up to October the assets of the saw
ings banks for the year were $3.50, A1,-
O25, 63; a year ago the total was $123, 432,-
1924. The increase of deposits over last
year was Sc, 175, 484. SO and the increase of
surplus, $685., O61. s9.
In view of the stringent money market
that has prevailed during greater part of
the year, the large increase in deposits in
dicates not only the increased wealth and
prosperity of our citizens, but also the
confidence they repose in the sound man
agement and security Of our savings insti-
buttons.
Eleven banks discriminate in their div
idends in favor of small depositors; an in
crease of three over the number reported
last year.
The number of state banks and the
amount of their capital remain unchanged.
Their total assets we're $7,702, O54. n.
They had capital of 81, $40, 900; surplus
of $538, 521 40; undivided profits, $147,-
1884; dividends unpaid, So, 407.30; de-
posits, $4,O92, Gil O6; due to banks and
bankers. $591, 746,76.
The number of trust companies doing a
banking business is ten-two more than
last year The new companies are the
Safe and Trust Deposite company of Aer-
iden and the Stamford Trust company of
Stamford.
The total assets of the ten trust COM
panies were Sc, 1886, 267 40. Their capital
was 81 III 900; surplus, $275, 752, 81; I'm,
divided profits, $245, 1896. 81; dividends an
paid, 1886 Is; deposits, s3,934, 1874 "a;
due to bank and bankers, $267, 1914
Tha ioc
report capital paid in of 81, 116, ITO; sur
plus, profit and loss, guarantee fund and
undivided profits, 1926. 1901; debenture
bonds outstanding, $685., 757.20 Other
liabilities, $758, AS 80; total liabilities,
| $13,677, 11343. The total assets are $13,.
679, 113.43.
In the previous annual report there were
ffty-fve investment companies of othe1
states authorized to do business in Con
| necticut During the year twenty-five
companies have withdrawn from the state
and thirteen have entered, making the
present number forty-six, nine less thar
in previous report. Their reports show il
the aggregate total of assets, $50, 500,
556.24; capital paid in, $19, no, 1862 ~
surplus. profit and loss, undivided profit
and guarantee fund, "a, 100, SOS. so; deben
| ture bonds, S47, 345, SOL 30; all other liza
bilities, sores, 1878
| The bountiful harvest of the past year
and the fair prices realized for farm pro
ducts, benefit not only the farmer, bu
the investment companies as well, ant
tend to reduce the items of delinquent in
terest and past-due loans.
In the last report was recommended
revision of the law relating to foreign in
vestment companies AS there has bee
no legislation since that report, the necef
sity still exists, and it is trusted that thi
may receive such attention as its import
ance demands.