Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1893-11-16
Vermont Savings Banks
and Trust Companies.
Annual Report ofInspeetor Dubois

Il
One savings bank and two trus
companies, chartered by the legisla
ture Of 1892, have commenced bust
ness during the year-the Wells Ris
er Savings bank, Wells River, Marel
4: the Barre Savings bank and rrus
company, Barre, February q, aud
the Ludlow Savings bank and Trusi
company at Ludlow, June |.
The Hardwick Savings bank and
Trust company at Hardwiek, also
chartered by the last legislature. has
organized and commenced business
about September !, making forty
savings banks and trust companies in
the State at this date.
The number Of depositors in all the
savings banks and trust companies
June 30, 1893, is 9,ll5, AN increase in
number during the year. Of Z ,375.
or this number, 79,253 are residents
Of Vermont and have TO their credit
S23, lag, 3O72l, an increase Of -, 2Gl.-
252.s5. The nonresident depositors
number 9,sG2 and have to their cred
il "a ll3, 622.4s, an increase Of S326,-
g35.0s.
The total amount Of deposits is ST.
262, g29.69, an increase Of S2.5ss, 49,
% during the year ending june 30.
1898. The average 10 each depositor
is 1905. 93, an increase in average
amount over one yearago Of 33 cents.
The amount loaned on mortgages of
real estate in this State Is S5.356. 1885,
63, an increase Of S3l4,l23.3o. The
amount loaned on mortgages OF real
estate elsewhere is S9,943, ll0.s3, an
increase of 35,3l7.s6. Loans on
personal security amount 10 S2.9Os.-
062.97, an increase of S2jl, 7l3.63.
Loans to towns, villages, etc, are
s374,il7.l2, an increase of sl26,4l3.
y.
Loans Of bank stock as collateral
are 1924, 77L59, an increase OF S33,-
pesos.
Loans on other collateral security
amount to s726. 1910, which is an
increase during the year, of s5l.2l7.-
IA.
The amount of real estate used for
banking purposes is sls9, 405.s2, an
increase of S4,j22.2s; and the amount
acquired by foreclosure and otherwise
Is sos. 330.34. IN increase OF sol, 4l5.-
O5.
There has been q decrease OF 5000
in the amount of government bonds
held, and the amount invested in
bank stock, mostly at par value. is
$3.50, o09, decrease Of s7,9sl.
There has been the large increase OF
81, 24s, sl6.69 in the amount invested
in State. comfy, city, town, village
and other bonds, the amount of such
securities now held by all the banks
being -, 1886, 6ll.02.
The cash on hand and deposited in
banks June 30th was 81 1862. l0s.52. an
increase Of Sl5, s99.7s.
The surplus reserve required by law
10 be sci aside and held by the saw
ngs banks is $3.50, 205.0l. an increase
Turing the past year, of So. s34.l7.
while the total accommodations of all
he savings banks and trust compa-
lies, including the lawful reserve and
amount to sl.490. 703. Is, an
Of s225. s5l.Os.
The savings banks and trust comps
lies have paid taxes to the State dur
ny the year 10 the amount Of sl72.-
i23.49. an increase of SIS. 3G7.a3 over
s92.
The depositors in savings banks
ave been credited with dividends on
heir deposits during the year.amount-
NC to S776, 207.44. an increase OF So
$3.50. Eleven banks have paid 1 per
cnt, land nine, 4 l-2 per cent to their
Iepositors.
OF the fourteen trust companies
'aying dividends to their stockhoid-
rs, two have paid per cent. one, 4
'cr cent, one, per cent. seven. 6 per
ent, one, & per cent and two. 10 per
ent. or an average of "A fraction over
per cent on the capital stock of $780,
90 of these fourteen trust companies.
The Lamoillc County Savings bank
ndTrust company has allowed lis earn
lgs, since it commenced business. to