The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-12-06
ECKELY ANNUAL REPORT
Continued from First Page.

ent associations. The criticism, which,
it Is said, is not frequent, that receivers
do not more quickly convert the assets
into cash, and thus pay dividends, is
largely because of a failure to appreci-
ate all the difficulties surrounding the
situation. Receivers are not to blame
If the trustees have very little value in
their assets.
The report contains interesting infor-
nation in regard to state banks and
banking institutions, in regard to which
the comptroller says, by reference to
the comparative statements of the re-
sources and liabilities of state banks
from 1873 to 1897, it will be noted that,
with but one exception-in 1S96-there
has been an interrupted increase in the
number Of banks reporting, which is
due rather to legislation and the collec-
ton of banking statistics than to actual
increase and the number of existing
banks Of that character, although there
has been q normal increase each year.
The returns from savings banks
throughout the United States are prac-
tically complete, but their value Is
somewhat impaired by want of uniform
ity in dates showing the conditions of
the institutions. The number Of saw
ings banks covered by the report is $50.
There has been an increase in the re-
sources of these banks of $55, 517, 81, in
deposits $47,S47,09 and in the surplus
and other undivided profits of SO, 224 ,585.
The increase in the number of deposit
ors is 1868. The number of depositors
is 5,201 1872 and the amount to their cred
| it is $1,993, 1867 ,035. Investments by saw
| ings banks in United States bonds
amount to S163,SS6,92S and in other
| bonds, stocks, etc., $772, 374,749
| Reports were received from 251 loan
and trust companies, all located in the
New England and eastern states except
| four in Indiana. eleven in Illinois and
eight in Minnesota. About Is per cent.
of the net deposits of these institutions
| is held in cash and in credits within
other financial institutions. The high
est rate of dividends paid by them was
1879 per cent, by New York state cor
porations, and the average rate paid
was rs per cent.
Returns were received from 759 pri-
vate bankers, only about 20 per cent. of
the number doing business. The aggre-
gate resources of the reporting banks is
SIT, 1896, 444. The loans aggregate $4S,-
902, 295-United States bonds 1919, 1898.
other bonds and stocks $3,273,7O9 and
cash on hand $5,14s,S3s
The comptroller devotes considerable
space to the subject of postal savings
banks, a system which originated in the
United Kingdom. The system is also in
operation in France, Netherlands, Swe-
den, Austria-Hungary, Italy, India,
Canada and in a number of English
colonies, but nowhere does it attain the
Importance, either in magnitude of
transactions or relatively to other saw
ings institutions in those countries, that
it does in the United Kingdom and its
dependencies. In France the system
was established in 1882.
| The report contains the latest compil-
ed statistics relative to the worlds mon
etary system and the stock of gold, sill
yer and paper currency. The per cap
tia averages in the principal countries
of the world are: United States $2370
United Kingdom $2065, France $34.6S
Germany $685., Russia $685..
The comptroller renews his recon-
mendation made in a former report to
the manner of compromising national
bank examiners, that they be put upon
an annual salary instead of recei wing a
fee for each examination, as now, the
fund out of which their salary is to oe
|paid to be raised by assessment upon
the banks.