Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1896-02-01
NAMES BANKS.
Annual Report Of Examiner
Fremont E. Undertake. \
Excellent Condition of Banks--.OnIy
Two Failures for Year.
dent Association in Maine.

H. lin Deflake was presented the Gov
| ernor and Council, Friday, making an
excellent showing of the conditions of the
various institutions under his jurisdic-
| ton. The report in part contains the
following:
| There are 81 savings hanks, II trust
and banking companies, and 80 loan and
building associations, 102 doing business
In the State, during 1895, net gain of
| five since 1894
| These institutions hold in the aycres
| gate assets to the amount of SOS All =
226. so; they have in resources above all
liabilities, as shown by the annual ex-
| aminatiOns, SIS, 5Sl, 619.4i; and they nav
III taxes to the State and municipalities
including taxes on the capital stock of
trust companies, about Sl3S,27570 an
nually.
1t Is matter OF cOngratulation that
onr State banking institutions have met
the emergencies of the great financial de-
| preston of the past three years so success
fully. While We have seen similar insti-
buttons in all parts of the country fail and
| pass into the hands of receivers. all but
| two within our State have withstood the
crisis. Not only have they met every
liability promptly,-in most instances
paying depositors without even requiring
the notice provided by statute for the
withdrawal Of deposts-but have in
creased their aggregate assets So, 3l2,
444.5 81.
| Our banks have been unfortunate in
some investments and have met with
some losses, but the percentage of loss is
far below that made by private investors.
Savings Banks.
There arc % savings banks, one new
one having started, the kingtield Savings
| Bank, of Ningfield. March %, 1895.
The following table shows the condition
of these institutions on Nov %, 1895, as
| compared with 1894.
Deposits, s54,53l .22S 50 s56,s76,Iis so
Reserve fund, 2lss.256 70 l,979925 u
| Special reserve fdnd, 5s,9i2 II i7465 So
Undivided profits. 9i6 ga 81 9l1 6s4 81
Other liabilities, 1851 81 40,536 IS
Total liabilities, s57,76l Sis 40 755 u
! RESOURCES. 1891. 1895.
United States and
| Dist of Column
bia bonds, silos,soO 10 4,l2s, 500 90
| Public funds of
| Maine, g63Sl9 81 S45, 1888 So
Other public funds, l72ls,969 81 l5,4,e,22s A
| Railroad bonds of
Maine, 4,ol7.4sl ~ 4,iSi,OOs 81
Other railroad
bonds, 11,4lT g6f Al ll,l20 043 IS
Railroad stock of
Maine, 500, 241 - 5S2 1853 81
| Other railroad
stock, 403,JS0 s. 49,, S53 81
Corporation bonds
of Maine, 3,163 155 50 3,3l2, 292 30
Other corporation
bonds 420,blS 90 i33,5S2 90
Corporation stock
of Maine, 1853. 2S6 so 371,9i2 so
Other corporation
stock, So, ISL 20 1870 81
National bank
stock OF Maine, 2,3a6,719 10 1893, $40 co
other national
bank stock. 2e6, 40 % 226. 4S3 90
Trust company
stock Of Maine, ll1,567 50 s7,720 10
Real Estate. 49,l5i 81 979.926 IS
Loans on Collater-
ais, i,1S0,!32 50 4.40,7i5 II
Loans to corpora
tions and mu-
inequalities, 253, $50 10 1,i2o,f5l IS
Loans mort
cages of real cs-
tate, 1,l20.6SS ~ 267,H7o Il
Premium account, 317,5b2, 30 165,41s 43
Furniture and ex-
penStS account, 43, "a 81 ,bJ1 W
Other resources, $3.50 10 AZ 800 70
Cash, 9S,232 OF J,oO9,so0 80
IOtdi TeSOurCcSb eoiftoi,'io 10 9''ioooi'to IL
l.9l. 1885,
| Number of deposit
OrS, lh',fVt w lbu,Zlo w
Number of deposit
ors whose balance
Is less than $1,000, l52,ois co I6.1200
Amount of same, Si5,ii363l 20 s45,9s6,603 81
Number of deposit
ORB whose balance
is $4,000 or more, 1856 co 4,P3 90
Amount OF same, a,323,183 10 %lO,as9. 5i0 3S
Average rate of div
idends (approxi-
Amount of dividends
paid. s2,02l,i75 l2 2.o6t,ii3 Il
State tax, sH,I3i " Joi,o9' ~
During the year the number CT deposit
ors has increased 4512 and the amount OF
deposits 81, S44, $50 60
The aggregate OF the reserve fund and
undivided profits has decreased during
| the year 1924 ,2Sl.5o.
The amount invested in United States
bonds has increased So. 022, 900, while the
State tax has decreased but SO, 1868
during that time.
The average balance now standing to
the credit oe depositors is 1881. 81 each,
heipg an increase of IS. o. over 1894.
An equal division of these funds among
the inhabitants of the State would give to
each individual $3.50.
About one-fourth of the people of Maine
are depositors in our savings banks.