The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1896-10-08
MONEY IN THE BANKS.
Comptrollers Eckels Gives the
Result of an Investigation.
DIFFERENT KINDS on DEPOSIT.
Amount of Gold and silver and other
Kinds at the Different Institutions--A
Comparison Of Money Holdings In DIFF
Gerent Sections.

WASHINGTON, Oct. 5.-Comptrollcr Of
che Currency Eckels has issued a state
ment giving the results of an investi.
cation made by him of the amount of
all kinds of money held by the bank
ing institutions of the country on
July 1.
The number of banking houses and
trust companies inquired Of were H.
962 and n clearing houses, covering all
of such institutions in every state and
territory and the District of Columbia.
Replies were received from 9, 5,723 banks
and trust companies and 66 clearing
house associations. The information,
although incomplete, is, the comptroller
says, of such a character as to enable u
fair and correct result from all to be
approximated.
OF the 5,723 reports received, 3,45S
were of national banks, l,4J4 state
hanks, 657 savings banks, $50 OF private
banks and 81 of loan and trust COM
panies.
The total amount of cash in the 5,723
institutions reporting was S4l3,2l4, ,o49.
1t is divided as follows:
Gold coin, $l34.017 ,003 gold certi1-
Gates, 800, ,4Sl 1888 silver dollars, IS, 254,-
6l2; fractional silver, $1,000 silver
certificates, $39, 1868, ,596; treasury notes
(1S90), $l3, l26,0lS; United States notes,
$l10, ,469,375; currency certificates, $780,
S58,000; national bank notes, $23, 1885,
S34. Of this total cash, the 3,45S ma
tional banks reporting held, $335, l74,-
GIG, and the 2,265 state, etc, S71, $780,
233. The amount of gold coin and god
certificates held by these national
banks was $l55, 5,073, ,604, and by these
state, ETC., $34, 4S4, 737. In this cOnnec-
tion it may be stated that the total
number of national banks, viz, 1863,
held ON July 10, the date of the last
official call, 1851 $685. 4S5 cash, of which
amount there was IN gold coin and gold
certificates, l6l 500, $50.
The total cash and the part thereof of
gold aud gold certificates held by re-
porting banks in each geographical
division is as follows:
New England states, total cash, $780,
6S9.272; amount Of gold and gold GER
tificates, $50, 5,403, i6o; eastern states,
total cash. $2l3, 1873, 500; amount of gold
and gold certificates, $SS, $50, 1873 south
ern states, total cash, S29,0S6, ,6Ol ;
amount of gold and gold certificates,
$9,55S, 1888; western states, total cash,
9l09,5 ,645 amount of gold and gold
certificates, S56, ,4l0, ,421; Pacific states
and territories, total cash, $25, ,634. 762 1;
amount of gold and gold certificates,
$l9,605.S $50. Totals, total cash. $4l3,
124, $40; total amount or gold and gold
certificates $ls9, 9,55S,34l.
A compaT son of the money holdings
of these geographical districts sho" S
that 829 reporting banks III the New
England states held but 6,602,67l more
total cash and S5,o45.5S5 more of gold
and gold certificates than the 676 re-
porting banks in the southern states ;
the 1875 banks in the eastern states
$l03, ,544, 1924 more total cash and S32,-
169, 706 more of gold and gold ceruti.
Gates than the 2, ,434 banks in the west.
ern states the 616 banks in the south
ern states $3.45l ,S4l more total cash and
SI0,047 647 less gold and gold certiti.
Gates than the 500 banks in the Pacific
states and territories the $50 banks in
the New England states $l0,O54, ,5l0
more cash and q, POP ,062 less gold and
gold certificates than the 500 banks in
the Pacific states and territories.
From the reports received and other
information available, the comptroller
finds that the total gold and gold Ger.
tificate holdings of the banks of the
country on July was $302, 793, 1867. In
cluding the free gold in the treasury at
that time he finds that the available
gold and gold certificates in the bank
and the free gold in the treasury on or
about July was $404, AL 40. Today,
the comptroller adds, it is larger, as the
free gold in the treasury stands at
Sl23, 1885, ,226.
The returns from the 66 of the 7S
clearinghouse associations of the coun.
try show that on July /, the total clear.
ings amounted to 1927, 935, AGA. The
balances of these total clearings settled
in cash or cash exchanges was but
$40, l52,S34 or but little more than s
per cent of the whole. OF the balances
settled, 81 1928, ,0l5 were in gold, $265,.
600 i'll gold clearinghouse certificates,
$3,45l ,76l in United States notes and
the remainder in other forms of money
and com m prcial eXchanpe