Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1896-10-05


Washington, d. c., October 4-Comp.
troller of the Currency Eckels has ISSUED
statement giving the results of an in.
vestigation made by him of the amount
Of all kinds of money held by the bank.
ing institutions Of the country on July
1st.
The number Of banking houses and
trust companies inquired OF were 1862,
and also seyenty-seven clearing houses,
covering all of such institutions in every
State and Territory and the District Of
Columbia. Replies were received from
5,723 banks and trust companies and
sixty-siX clearing house associations.
| The information, although incomplete,
is, the Comptroller says of such a char
acter as to enable a fair and correct re-
suit from all to be approximated.
or the 5,723 reports received, 3,45S
were of national banks; 1,494 State
banks; 457 savings banks 230 of private
banks and ST Of loan and trust COM
| panies
The total amount of cash in the 5,723
institutions reporting were $413, ,124, $40.
Il is divided as follows
GOId com ...........................S Sl3i OUlOW
Gold certificates .................. 5j4Sl. .33s
Silver dollars ...................... S2ji,6l2
Fractional silver ................. 7.399.O72
Silver certificates ................. 39663.J96
Treasury notes QS9W. 13126.0lS
United States notes............... 10 4G9. .37j
Currency certificates ............. 20S5S. 600
National Bank notcs............. 23795.S3f
OF this total cash, the 3,45S banks re-
porting held $335174616 and the 2,265
State banks, etc, S77,950,23
The amount of gold coin and gold
certificates held by these national banks
was $155, ,604, and by these State
banks, etc, $34,4S4,737. In this connec-
ton it may be stated that the total
number of national banks, viz: 1859.
held on July 14th. the date OF the last
official call 1851 COS ,4S5 cash, of which
amount there was in gold coin and gold
certificates S1G1 ,S53 $50.
The total cash and the part thereof
OF gold and gold certificates held. by
reporting banks in each geographical
| division, isas follows:
New England States, total cash $685.
6S9,272, amount of gold and gold ceru-
ficates SIS, ,403. 76S; Eastern States, total
| cash $213 ,129, 500, amount of gold and
gold certificates $50. .55S, 1888; Western
| States. total cash S109, ,5S4 645, amount
| of gold and gold certificates S56,41O,427;
| Pacific States and Territories, total cash
$25634 762, amount of gold and gold
certificates S19,605, $50. amount of gold
certificates $19,6O5, $50. Totals-total
cash S413.124.S94: total amount OF gold
and gold certificates S1S9, ,55S,S41.
A comparison Of the money holdings
of these geographical districts shows
that the S29 rap0r,ing banks in ,he New
England States held but $6602GT more
total cash and s5,S45. .jS5 more of gold
and gold certificates than the 676 report
ing banks in the southern States. the
I 275 banks in the eastern States sl03,-
| 544.924 more total cash and S32 169 706
more of gold and gold certificates than
! the 2.434 banks in the western States;
the 676 banks in the southern States
! SO .S41 more total cash and S10.047,
! 647 less gold and gold certificates than
! tLl9 DUJ UduhS III iut t'Ill' P'hN'7 oAi'A
territories: the 500 banks in the New
England States S10.O5A510 more casl
and S42C2. .O62 less gold and gold cer,if-
Gates 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 certi-
fcates holdings OF the banks Of the
country on July.1 was $500, 1888 In
cludlng the free gold in the treasury at
that time, he finds that the available
gold and gold certificates in the banks
and the free gold in the treasury on or
about July l was S404, 40. To-day,
the Comptroller adds, II is larger. as The
free gold in the treasury stands at $l23,-
755, ,226.
The returns from the sixty-siX Of the
seventy-e'ght clearing house associa-
tions of the country show that on July
/. the total clearings amounted to $227-
9S5. AGA. The balances Of these total
clearings settled in cash or cash eX-
changes was but $19, ,152.834, or but little
more than per cent. Of the whole. or
the balances settled $1.325,0l5 were IN
gold. S265 900 I'm gold clearing house GER
tifcates. S3451 761 in United States
notes and the remainder in other forms
of money and commercial exchange.