The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-10-12
OF BANKS.

Taaued From the State Treasury Depart
ment---Individual Deposits, $o,476, I4O,-
3s--There are 81 Banks In the State,
with Resources, $19.69I,5s2 IS,
The State Treasury Department has
issued a statement of the condition Of
the banks in North Carolina, at the
close of business on the 23rd day Of
July, 1897, together with totals from
statements showing their con-
dition at the close of business on May
14th and March 9th, 1897, and Deem.
Der 17sh, October 9Th and July 14th,
1896.
The figures were compiled from Off
cial reports by j. W. Denmark, chief
clerk of the state treasury department.
There are twenty seven national
banks in the State with resources
amounting to SO, 486. 739 65; AZ State
banks with So, AT, O51. 45 resources; 16
private banks with s 1,2s4,2 800 rs re
sources; 6 savings banks with 81, 373,.
491. SO.
The total number of banks ie "a, with
resources amounting to $19, 621, $50 As.
The amount of loans and discounts
in the "a banks July 80, 81, was $12,-
912 465 "a; gold coin and certificates,
s541, Ss2 81; silver 1906. 78s 20; all other
currency, $576. 1853 "a.
The capital stock paid into the 81
national banks was 2,7O1, 900; the 45
State banks, 90, O46, 500. 80; the Is pri-
vate banks $279, $50 55; the 6 savings
banks $3.50, 600; the capital paid In stock
of all the 81 banks was $5. 397, 439. "a.
The surplus fund of these banks was
81, 1874. 772 90; undivided profits 1853,
341.O6; dividends unpaid $142 934.12;
individual deposits 50 476. lao "a; U. 8.
deposits, $171, 1O2 40; deposits Of Uni.
ted States disbursing chces, $32. 265.07
To the Bank Statements 10 appended
the following remarks, which are self
explanatory.
The interest bearing bonded debt of
the State stands, at present, as follows:
4 per cent. consolidated bond, s., 1866,
$50; 6 per cent. North Carolina Rail.
road construction bonds, g.. 72O, 600;
total, Sc, Os6, $50.
The interest is payable on the 4 per
cent. bonds in January and July and
on the 6 per cent. bonds in April and
October.
The interest on the 4 per cent. bonds
is paid out of taxes levied for the pur-
pose, while the interest On the 6 per
cent. bonds is provided for out of the
dividends coming from the States
stock in the North Carolina Railroad
Company.
The annual income to the State from
it's stock in the North Carolina Rail
roadC Company has been, under old lease,
$3.50, OH; is to be for six years, under
new lease $195 O13; is to be for ninety.
four years under new lease $21O, Ola.
Under the act to compromise, com
mute, and settle the state debt" So
266, $50 new 4 per cent. bonds have
been issuedi in exchange for the old valid
debt. To complete the work begun in
this line will require $249 $50 more to
carry the new debt to it's utmost posi-
bic limit, s., Gle. no. The time in which
this may be done expires January 1,
1899.
INVESTMENTS.
The State holds, as an investment,
80, OO2 shares of stock in the North
Carolina Railroad company, IL 666 in
the A & N. O., Railroad company and
$136, $50 in the new 4 per cent consoli-
dated bonds.
The state board Of education holds,
as an investment, $143, $50 of the 4
per cent and So, 600 Of the 6 per cent
bonds.
AN cTTnTzrr