Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-12-03
Correspondents Solicited.

include large number Of stock savings
banks exercising the functions Of banks
Of discount There are four strictly mutual
savings banks. with aggregate deposits Of
over S2O,OOO.00O,
Indiana has increased her state banks
full threeiold IN seven years under most
liberal provisions VI law, The national
banks, however, stu hold tln bulk of the
business money, though their rate Of
growth is much slower There are only
FIVE strictly savings banks, md they have
less than S5OOO.OOO ON deposit,
illinois shows big banking figures, since
Il includes the great city Of Chicago.
The wonderful increase Of trade has de
handed an expansion Of banking facii-
lies, which have grown ~ a rapid rate.
The banking law which went into effect
In December 1888. has had much to do
with the encouragement Of local hnnking
concerns. In This, IA In other Western
states. e Is difficult - determine from
she rcporus the lines between commercial
banks, savings banks and trust COM
panies, and the figures given IN Inc tables
include al these.
Michigan shows A steady growth IN
bank matters, with the tendency towards
state banks, under tho stimulation OF re-
cent laws. II Is one Of the few etates
where depOsitors show an inclination %
use ihe locally chartered rather than fhe
national banks. though the mixture N
commercial and savings hank accounts
somewhat cpufuses this.
So far rs can be determined over half
Of the total deposits credited 20 tie state
banks belong TO savings bank clients.
Wisconsin, without any change In hor
banking laws for some years, shows a
sharp increase in bank grow %, with the
odds IN favor II the state institutions.
Many o. tho state banks have thc word
savings DO their title, yet only one
strictly mutual savings hank IS re
ported, and that with but $4,000 On de-
post There Is q large number OF private
banks, some Of them carrying Large lines
Of deposits
Minnesota has great number Of banks
IN proportion 10 deposits, and This Is par
lriharly true rs 10 the state Institutions.
where the most noteworthy increase Of
iatc years q observable, The national
banks still have the preference as to Dc
pOsiis. The law rs 20 trust companies *
very indefinite and elastic. yei The ninc
IN existence have but S9.o00000 On do
posit The thirteen savings banks have
nearly Sp,O00OO0 IN hand
Iowa shows grear increase OF late In
both national and STATE banks. The LAT.
ter particularly ns 20 number though
heavier. There are eight trust CON.
NAMES with nearly s3O0O00O capital
md surplus sud 100000 depodls
The savings banks are well scattered be.
ing 104 10 numher. and having over S2i.-
00nO00 IN deposits
Missouri. with the central reserve city
Of St. Isonis IN iis territory, makes q
enoa hank showing. both ns 20 number
IL banks and the extent Of their opern-
lions IN recent years the state hanks
have grown with lHonierfnl rapiillty.
and their great nlmhcr haa enabled
them 10 secure more deposits thnn thf
national banks. but the latter pofsesf
the larger amount u hned eamial
though the state banks are wcH Pro
portioned as TO surplus. There ar hye
trust compauies. with about $2'pVOiVW
North Dakota is 10 r. sharp race with
ifs sister o. tiie south IN making an e1-
hihit Of hanks A census taken befoFe
tbe partition showed fJrty-s,H national
bsnlss IA he two Dnkotas. and in North
Dalo,a alone there y now nearly iiiai
number. vhae the state baqtf nave
spr,ine upi with mushroom snd1fnnoA7
Ibe law Of 1890 practically romipflss ali
Who uouid carry on harkinK bu4ine -
ID orgapize under state eharier. I'M
ppbIie Examiner rE,osfs 10 --Ninf
h.nia and sayp further that ilie laN
virfrailv prohibits ilr sncecffinl COZ
dnes 81 awnings bank
S,t.fA latpfa sir1in7 nn ~ i11eini
,-.ss rns,- iiIh arf n 1871 u feIJ
,.,s',.t ~. ,ssns A. -hal 81 Ndih L,-s.1'n
H. .,.'1i.i.,- rrira.r h1uidnE flrnE. nj
! ,,,-i -,ss ifyt hvpu-isi . f.f,aaln -
varse M al rsonans rrpAihillol-. Lac