The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1897-12-06

1 Bank Of Irela nd, have been found to be
ample in their resources TO provide the
/ note issues for use in the trade OF the
| United Kingdom. The same is true OF
| the Bank of France. The Deutscne
/ Reichs bank. or German imperial bank,
! has for more than 20 years issued bank
/ note paper against assets which mas
| maintained its value and been so con-
| trolled as f,s successfully meet the COM
/ mercial needs.
The comptroller calls attention to the
method of organization of this bank
! and publishes some interesting statis-
] tics in connection Herewith The total
number of national banks organized
since the system was put into opera
ton in 1868. is shown TO have been
5.O95. on Oct 81 last there were in
active operation 3.617 having an au-
thorized capital of $500, 230, 295 The
total outstanding circulation of the
banks then in operation was 1929, 1919. $50.
of which 500. 1874 555 was secured by
bonds OF the United States and the bal
ance by lawful money deposited with
the treasurer. The circulation out
standing on Oct. !, last, was $3.50, 13l ,005.
Of which amount s1,55s.S00 was secured
by bonds held for account of inSolVent
and liquidating banks and SIC, 205, 325 by
lawful money deposited for their ac-
count and by banks reducing cir
culation. The net decrease in the
amount OF circulation secured by bonds
during the year was sl2 .5S4 1874. and the
gross decrease in the total circulation
was $4,S51. 292.
The 3,617 banks in operation are di-
vided geogra phically as follows: Five
hundred and lightweight with an au-
thorized capital stock of 1853 1921 $40 in
the New England states, $50 with
capital of 1896. 124.275 in the Eastern
states, SAC with a capital of $66. 761 800
in the Southern states. 1,046 with cap
ital of $l60, 1853, 961 in the Middle states,
557 with capital of S32 654,165 in the
Western states, and 124, with a ca 2ital
stock of 81, 1861 600 in the Pacific states.
During the year A banks were organ
lied with an aggregate capital stock of
$6,420,000. During the year II banks
went into voluntary liquidation.
There was paid to creditors of insolv-
ent banks during the year $13, 1878 in
dividends. The magnitude of this un-
equaled record, the report says, Will
be more forcibly illustrated if consid-
cred in the light of what has been
accomplished heretofore in the way of
dividend payments to the creditors of
insolvent institutions. In 1893 there was
paid In dividends So, 4S3. $40: in 1894, $5.-
124 ,577; in 1895, 81, $50 552; in 1896 $2,45I,-
959, and in 1897, s13169, ISL, making a
total Of dividends paid within the five
years from 1893 to 1897, of $27 $50, 515, or
36A per cent. of all dividends that have
ever Deen bald 10 creditors Oh lllSplNeHI
national banks
From 1863 to 1897 there has been paid
in dividends SIS. 935. s25, and in the year
embraced in this report. $13, 1853 7Sl, or
IL 1-3 per cent. of all the dividends that
have been paid during the period of "a
years of the existence of the system.
Since Oct. 81, the end of the report
year, IL additional dividends have been
ordered amounting in the aggregate to
about s625,000
The report contains the latest COM
piled statistics relative to the worlds
monetary systems and the stock of
gold, silver and paper currency A very
interesting feature of this statement is
the per capita amount of each kind of
money in the countries named The
per capita averages in the principal
countries of the world are as follows:
United States, $3.50; United Kingdom,
$2065: France, $246s; Germany, $lS95;
Austria Hungary. 1888, and Russia,
$S.95.
The comptroller renews his recon-
mendation of last year. urging that
national bank examiners be paid an
annual salary instead Of fees as now.