The state republican. (Jefferson City, Mo.) 1871-1896, 1896-04-16

VI INC eACesS VI Interest W ue appTOprl-
ated to the school fund The damages
on bills of exchange negotiated in Mis-
souri, payable in other states and pay
able under protest were ten per cent. =,
and the bills payable within the state,
four per cent. The damages allowed
on foreign bills of exchange were
twenty per cent.
In 1916 the capital of the banks of the
United States, was only $50, 900, 900.
In 1854 the capital of the banks of the
United States was S322, 751, 154 circu-
~lation, Sl71, All, 900 specie, Sj7, 226, 900.
In 1865 the debt of the city of st. Louis
was So, 905, 09G. At that time her popu-
lation was 1l5, 600 and her taxable
property, Sj1, 223, $50.
In 1864 there were thirty nine state
banks in Missouri having a circulation
of SO, 100. 900 specie, 81, 100, 900 cap
ital, St2, sal, 21S.
Amongst the bankers of to-day who
We're bank officers in 1864 are VIM. Z.
Burr, Of st. Louis, Jas. NJ. Nelson,
Boonville, r. Sturdivant, Cape Girar-
deau Hon. j. b. Henderson who at
that time was president of the Bank of
Missouri, at Louisiana Oliver CARR.
son, st. Louis VIM. I. Baird, Kinks
vile J. s. Hughes, Richmond.
Under the original charters granted
to our banks in 1856 and 1857, they were
allowed to issue bills and notes as fol
lows; The first year they could issue S.
of circulation for 81 capital paid in gold
or silver, The second year, So. so fol
every 81 paid in On its capital, and af.
ter the second year they could issue 81
for every 81 paid in on its capital.
The banks were required to keep or
hand 30 3 per cent. in gold and silver Of
amount Of their notes in circulation.
The notes were all made payable in the
state of Missouri. In those days the
state had a bank commissioner and il
was his duty to register and counter
sign all notes issued. The bank paid
expenses of engraving the notes and
bills. No bank was allowed to incor'
porate with a capital of less than ST.,
600, 600, and all banks were subject ia
examination by the bank commissions
and the governor. The law required
that one.tenth of the capital must bt
paid in gold and silver, before thu
bank opened for business. The bank
were required to invest of their cap
ital, within twelve months, an amoun'
equal to at least ten per cent. of theil
capital stock paid in, and also ten PEI
cent. of the capital stock subsequently
paid in, in bonds of the state of Mis-
souri,, or any bonds which may hav,
been issued by any railroad in tn
state, for which the state may be liabl,
as endorser or security. Official ex
aminations had to be made by the com
missioner once every six months, AM
quarterly statements were exacted o
DdihS, W NC Iuhuc W inc COliinlS
%sioner, and also published. The BAN
issuing notes was compelled to pay t
Reconnaissance two cents for eacl
note Of circulation issued, out of whicl
the salaries of the commissioner an
his deputies were paid. His salar
was fixed at SIS, 900 per annum
-
There are now GA banking institu
tions doing business in Missouri. O
this number, 479 are incorporated, 0
private, and 81 are national banks
During the past five years the tota
number of banks has increased owe
2G0, The state banks show a gain i
number of 2t0, national 33, privat
banks and bankers 10. The total as
sets of these institutions amount
more than $40, 900, 600. In the yea
1887 the total capital of all our bank
was $22, ga, 924, deposits, sos, 74s, $50
in 1889. capital $2s. 500, 918 ; deposit:
Sis, 900. 1881. In 1892. capital S45.
487, 205j deposits. STAG, 947. 978. ]
1898, capital. $44. bO7. ooOi deposits