Bennington semi-weekly banner. (Bennington, Vt.) 1894-1902, 1894-10-12
REPORT OF THE INSPECTOR OF
FINANCE.

Inspector Du Bois, in his report to the
Legislature, gives the standing of 40 saw
ings bank and trust companies in the
state. They are all sound. There has
been handsome increase IN deposits
during the year ending last June, but
from what date in said year the increase
began the report does not show. There
are 92,239 persons in Vermont that have
a savings bank book, an increase of de-
positors of 3, l24 over the year preceding.
The total amount of deposits in all the
banks is S27, 1866, ,S55,46, an increase in
two years of 1922, 1870.
The average amount of deposits to
each depositor is $303.20, a decrease in
average amount of S2.73 for the year.
The avesage amount to the credit of
resident depositors is $2S7S7, and to
nonresident S427,04, showing an average
of Sl39.l7 more to nonresident than to
resident depositors.
There are 1860 of theS1 800 class of de-
positors, who had to their credit June
80, 1894, So, 92S. 1865, or an average of
each of S2,004.5S.
Under the sub.heading of 'Withdraw-
ais of deposits" the story of Cleveland
ism in Vermont is told:
During the months of July and August,
1893, when the great financial pane was
at its height, when bank failures were
numerous from day to day and runs up
on savings and other banks were going on
in nearly all the States, the savings
banks and trust companies of this State
were able to meet the demands upon
them, and without requiring notice of
contemplated Withdrawals, except in
few cases.
During these two months last year the
savings banks and trust companies paid
out in Withdrawals, in excess of deposits
received, 81 ,329,364, at great loss of in
terest to such depositors as withdrew
their money.
Between the first day of September,
1893, and the first day of January last,
$685., ,351 52 had been redeposited, much
of it, no doubt, the very same money
withdrawn in the summer months, so
that on the first of January last the total
amount of deposits was only S64S,6S37 II
less than July l, 1893. On June 80, 1894,
this amount had not only been fully re-
covered but an additional amount of
S7O3, ,925.77 had been deposited, showing
that confidence in our banks had been
fully restored.
There are now in Vermont 40 savings
banks and savings banks and trust COM
panies, With resources amounting to
$50, 0,512, ,449, and 40 national banks, with
resources amounting to $21 $40, 179, ma
king total of banking resources IN the
State of over S52,OO0,OOO. There is
bank of one kind or another for less
than every three towns in the State.
The surplus reserve fund required by
law to be set aside and held to meet
losses and depreciation of securities by
all the savings banks amounts to $685.
1877 an increase over one year ago of
S167, 1911 Is; and the total accumulations
in all the savings banks and sayings
banks and trust companies, including
the lawful reserve and interest, 81, ,5S3,-
1927, an increase of $92,679.09 during
the year.
The savings banks and savings banks
and trust companies have paid taxes to
the State during the year to the amount
of SlS5, 1877 rs an increase of S12,874.27
over 1898.
The total expenses of all the savings
banks and savings banks and trust COM
panies for the past year, including taxes,
have been 1928, ,427, ,96, an increase over
last year of. .$33, ,05S.S2.