The sun. [volume] (New York [N.Y.]) 1833-1916, 1893-08-01
our VIEW YoRK Bxxka
Their Nu,ser and Con dit,ou-sou,e Interest
ing Competitions and Figures.

ing Comparisons ana ftGures.
There are 121 banks In this city. TWENTY-FIVE
trust companies. and the agencies OF six
foreign banks all Of which do what may be
considered u general banking business OF
these. forty mine are national. forty-seven are
State. and twenty-five are savings banks Boz
sides having the distinction Of being the flrst
financial institution in New York the
Bank OF New York National Banking
Association) 10 one Of the three Oldest
banks in the United States. It was
founded In 1884. when the Bank OF North
America atiPhiladelphia was the only bank
tuen existing In this country. The Massachu-
sets Bank OF Boston was also organized In
1884. and these three banks have acted as cor
respondents for each other for over 10S years.
The Bank OF New York began business In Pearl
street but in 1888 moved to Hanover square.
In l7eG 1t moved to the corner OF Wall ond
| William streets. where II still remains.
The Manhattan Company is the second old
| est financial institution in New York. The
| charter for this corporation was granted In
1890. apparently to start q water company.
but 1t was found. after the charter had been
granted that clause had been inserted en-
powering the tabllshina OF bank. and. with
a capital OF S2.0o0.000. tho Manhattan Com
pany began its long and successful career.
Other banks which Immediately followed the
establishment Of these two institutions. were
the Merchants. 1906: the Mechanics, 1910;
ne Bank OF America. 1872. and the National
AIthaeh these banks are among the largest
Rs sns OF hi
looking building ON broadway. Just south Of
Fed IN 1874 under State Charter, but
The deposits of the Chemical Bank are very
large: and It is notable that not dollar Of In.
these deposts amount S to about ts s5adGooGo
sTrSs Is 81 p6 b than In no ssssr s%s The
Inc stock. which has q par value OF 100. is
%s Fri is Sssa f sSa II sHe
on tms Bon
hey noS to abost Il
does. without doubt n greater business than
tnent chartered P' 1896 H and Gec sDa
AM national bank N ls5 It's capital is $4,000
The Bank Of America. for eighty.one years
located 1' at tho northwest corner Of Wall and
% SanHs s is sns TsSst Of Snd the suS sps
ws hs s Sss e G HoSss
secure a. the United States. From twenty to
House gold was al tran ferTed when the bank
" CIcCt hs pIcSeut DululuR.
There is a larger number OF banking I'm
st tt On, II the metropolis now than at any
the banks that figured largely in the financial
affairs Of the city and country in the past have
out tho Of Ahms ths the
sixty.three Of he New York banks forty five
And fse sss n,1Skn
$thef ssnfs, not nsnbeFs q The asso;ssiSs s
& in SheG the as
tho any Of s to The
si Is 6dse el'arlnFS for thrt'nine years
The !argest clearings in any one year were
III IL ls s %hsn they Esashsd the total Of SIS:
House for hs Of g. Ssw s5k
each h II BSstHn and Chicago s39 E $50 600
Eou fytao a Sther cites have elenrss
facilities. but the, yearly clearings Of none Of
The com bined capital OF the forty-nine ma
tional banks in this city. according to their
IS n shs syr
surplus is and % undivided profits aggregate s5s-
n:1 ssRs Ct int forts
Z. TT The 0 dsnoss S int
69 STATE banks amo@ned to slI
away since the last official statements were
published; The, statement Of the s.ixty-four
July IS shows deposits aegresatine sas2..
l77.10O. against s529. 104. loo held year ago.
The largest deposits held BY the Clearing
ten years was In the week Of June 1s. 1902.
when they reached total OF S543. 1853. 100.
Two Of the New York banks have a capital of
$4,000 600. two have a capital OF 81 OOO. 900.
seven have a capital Of So. 600. 600 fifteen have
a capital OF from ST 900. 900 to 81. 800, 600,
nine from S6OO.OOO to 1920. 900. ten Of $500.
900. twenty-one from S25O. 900 to S450.000.
sixteen Of $2OU.OOO. and fourteen of 100000.