The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1895-11-22
BUSINESS REVIVAL
Mr.. Frank Patton Speaks for
the Banks.
FIFTY PER CENT. INCREASE
General Business Throughout the
Country Exhibits Some Startling
Figures Worth Studying.

In conversation with an Astorlan repre-
sentative last evening, Cashier Patton
of the Astoria Savings Bank, said, In
reference to the increase in general busi-
ness, mentioned in yesterdays Astorian,
that the banks could Show still better
condition of affairs. He stated that so
far as his bank was concerned, that
Their business had increased 50 per cent
over this time last year. and that he be
lieved the other banks had about the
same story to tell He also said that
the banks al over the country had a
much increased business, and in support
of his statement quoted the following
from the New York. Capitalist
''The Pittsburg Banker has valuable
statistical exhibit in IT'S current issue,
showing individual deposits, total deposits
! and loans and discounts OF the national
banks in reserve cities for July r. 1893,
July 49, 1894, and July IL 1895. The table
also shows the increases which have oc-
curred in the two years intervening. The
twenty-five reserve cities are classified in
detail, while the blanks of the rest Of
the country are grouped in totals. The
periods selected cover the panic of 1893
and the first and second years succeeding
A comparison of the totals yields some
interesting results, especially with refer
ence to loans and deposits Thus the
national banks of New York City gained
from July IS, 1898, to July II, 1896, one
hundred and thirty-six millions in de-
posts while the loans have increased
I onlyz Si9, ,4S1, 900. This excessive increase
of deposits as compared with the expan-
sion In loans, forms one of the most in
teresting facts deducted from the table.
Boston bank deposits have increased &c.
9S5,OOO In the past two years, and loans
only $17652, 900. In Philadelphia there has
been an actual decrease of $2,S3S,OOO in
loans, while the deposit account has
been siwelled $14,264,OOO.
In Pittsburg the gain in deposits was
M34 per cent, and the increase in loans
only 437 Eleven reserve cities show act
ual decreases in loans, and three-Albany,
N. Y, st. Joseph, Mo-, and Lincoln, Neb.,
show loss in both loans and deposits.
In the aggregate, the totals for the
reserve critics show an increase in de-
posits of 1926, 100000 or 1912 per cent, and
loans have expanded $50, 900 900, or 900 per
cent.
Taking the totals of the rest of the
country, the increase in deposits was $47,- |
$4,000, while loans have decreased $50
$4,000. Adding the TOTALS Of all the
national banks in the country, the results
slciw an increase of $3i3, ,53S, 900 in deposits,
with an actual decrease of $s61, 900 in loans
since July, 1898. In the light of these
facts the low rates which have prevailed
in the money market for the past year do !
not seem strange.
AIr. Stoney who compiled the table, |
points out a fact which is not often
dwelt upon. We refer to the relative |
Importance of the banks of reserve cities, |
and those which for convenience sake |
may be termed country banks. The fol- |
lowing little table is interesting in this |
connection:
Loans, 1906 |
All reserve cities. 992 81, GOO
All country banks. !, OH, ,503 900
Country over clties.............. $1S,531 900
Individual deposits. |
All reserve cities. IS S ,529 009
All country banks. ks.................. 8S7, ,493 900
Country over cities. ................3 IS, ,9S4, 900
similar comparison for 1893, made al
a time when the country banks began to
draw upon their city reserve agents, .
shows Slightly increased results in favor
of the country banks.
The Importance of the country bank-
Is fully set forth. If we include the large
number Of state Institutions doing bust /.
ness in the smaller towns in the different |
states we find that the country banks
lead the city banks by many millions OF
dollars in the aggregate Of business trans
acted.
The country banker therefore, whether
doing business under the ratloral or
state Ranking laws, has a vital Interest
in the legislation which may be prop -sed
in congress from time to time. For some
reasons the city banks, almost exclusive
ly. have been represented before congres.
s?or7l committees when legislation OF the
Or Jracter named has been discuSsad Is
1t not about time that the country banker
should throw the weight Of his lnfiue ce
with that Of his more centrally located
business associate In this matter? TIE
Importance Of his interest demands II, |
and the coming session Of congress offers
a good opportunity for exercising It,"