Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1896-12-31
Madison. pcV, u.

Madison pcc, u.
The thtrd senl-annual report OF
Bank ENamlnor u. l. kidd, showing
the nuancial condition Of all state and
private banks in WISCONSIN On the
date of their last report, made NoNem-
her Il, hts just Teen made public, INC
total number Of banks III operation ON
the uate above named was 2lO. or
this numbes 1870 wore state banks, 10Y
private banks, and one savings bank
The aggregate authorized capital
stock OF the state banks reporting
WAS $G96l 800, and the reported cap
italtzatton of private banks Was
Slll5. sVS.il. The total resources uf
al banks reporting was $il ,5S27tl -,
of which S9,256,1A2 AZ represented
money Of all kinds, and SS2,2iH,9> S, ~
represented loans and discounts, real
estate ami all ether assets, or theit
liabilities $S,0i6,I aS Al represented
capital stock, S2.96T 2A3 81 surplus and
undivided profits. S29.Sll 1923 de.
posits, and $l.lS1,3ll.27 rodiscounts
and bills payable.
AS compared with the somt-annual
report made June = uf the present
yoar," says the examiner, there IL n
total increase u four state aud two
private banks. an inrroaSc IN capital
stock and surplus reprcscntinE seq,
1873 .03, a decrease in loans and dis.
counts $2,il2, 49, a. and u decrease III
deposits S., 81, 6Og. SIS. Vhoro Is also
shown an aggregate decrease Of re-
source and liabilities of 81 ,462, l29.T
and total cash reserve of S9,@bh,i ",
IS, showing the cash reserve to he 81
$500 per cent OF deposits. The de.
crease III deposits and loans Is to be
attributed to the prevailing business
depression, and the agitation OF the
currency question previous to the No
Ncmhcr election. II IL worthy OF note
that since that time deposits have
been gradually increasing and also
that at the date upon which the 70.
pOrts were made the banks were car.
rying n stronger cash reserve than nj
any previous date upon which reports
have been called for.
"The now banks organized ale-Stata
banks. State bank, Fcnnlmore, cap.
ital S35 900, state bank, Elkhorn, S25.
900, state hank of HORIZON, Horicon
So 900; Citizens state bank, Shoboy-
gan. 100000 Private banks tlarne-
vcld bank, Rarneleld, $4,000; Bank
of Caaot Cadott, $500; Island city
bank, Cumberland, $1,000; Bank OF
Manawa, Manawa. 10000. Tho fol-
lowing banks have gone into volnn-
West superior. German American
bank. Port Washington; laraboo SAY
ngs bank Blrnboo; Bank OF Mosinee,
Mosinee; Exchange bank, Waupnca
Sank city bank, Sank city; John H..
Jacques, Port Washington, W. II.
Knapp 4 Co, Albany: T. Deane ~
Son, Oostburg.
The total number OF banks which
have suspended during the past year Ia
four of which two were state, and
two private banks. named as follows
State banks: jackson County bank
Black River Fairs; ShuIlsburg bank
ShnlsbulS Private banks German
American bank, Portage; John Lien
Iokken, banker. La Crosse. The ag-
gregate capital stock Of the SOY eral
institutions AT the time OF failure rep
resented $500 90; aggregate nominal
assets, 1894 500 81; and aggregate lia-
bilitics, 1901 1881 40
"A difference OF opinion having
arisen as to whether tho -rust com
panics Of the state were by the law Ot
1895 placed under the supervision Oh
this Office, | have Thought proper "a
postpone any further action relative ia
the supervision OF these institutions
until such time NJ the legislature shall
by specific enactment provide for such
supervision.
In accordance with the provisions OF
law, regular examinations OF the state
and ptiynte banks have been made; re
ports have been received as called for
and The same have been published in
local papers.
The annual fee for exam nation
which the law provides shall be paid
by banks is based upon the amount
Of capital and surplus carried. THIS
Is manifestly unjust for the lea on
that the assets, volume Of business ana
profits Of many banks OF a given cap
ltaliAtion are many times greater
than other bsnks having an equal or
grcater capitalization. Should the
fee sys; en- remain In force the amount
Of tho fee should be based upon the
gross assets Of the bank examined.
The increase Of the number OF bank
ing institutions, With the addition II
labor involved, make an ICreA8e IN
the examining force u this office de.
slrable and necessary. would there
fore respectfully suggest that the Oh #
clerk Of this office be empowered 10
make bank examinations AT such
times as the clerical work Of the Of
flee VIII permit.