The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-01-05

000.0 600 now. against $50. 600. 600 i'm October and
SS.OD.O in July. There are fofty-one banks
there. Their loans have decreased a trifie.
being Ss6.000.OO now. against So .O0O.OJ In
October and SIS. 0OO. 900 i'm July. But their
lawful money has increased an even million
dollars since October. showing the forty
one institutions to be that much stronger
and better able TO protect their depositors.
Their reserve is now over 81. per cent.
where 1t was 20 per cent. in October and
July.
Pittsburg is the next city i'm Importance
that has reported. There are thirty banks
there and the people must have faith i'm
them. for they held I'm December nearly
S&'.Ooo.O0O of the peoples money. The Pitts
burg banks. all through the financial furry.
have shown a soundness that is amazing.
Examine their reports for years back and
you will find no evidence of trouble. No
one knowing this will be surprised TO see
the Pittsburg statement of December about
the same in all the items as the Pitts
burg statements OF October and July.
The twenty-five banks of Baltimore have
many of the same characteristics. In fact.
there Is much in common between PlttSburg
and. Baltimore. Both are rich. solid, sub
stantial. conservative and honest. They
nave grown slowly and safely. The Balti-
more bank statement doesn't ~1uctuate.
That is why the July. October and Deem
Der statements show loans about the same
-S3l. 800. 900 almost to "A dollar-and deposits
about the same. $500 600. The lawful
money on hand. however. increased 81. 800, 600
between October and December. That came
from one cause-viz., the restoration of con-
Hitiitt. WHICH LOOK pace OH NOV. D. ofo
There are thirteen national banks in Gin
cinnati-an unlucky number. But they are
unusually sound and show up at every call
with an average reserve OF from 80 TO b per
cent. though the law requires only -. In
December their reserve was nearly Is per
cent. though it had been 80 i'm October and
81 in July. This is good evidence of sound
ness and ought to give depositorS faith and
good rest. The deposits i'm the Cincinnati
banks increased 81. CO., 900 between October
and December. and are now about $l9,000.000.
The lawful money increased from about
100000 40 $500. 600 between July and De-
cember. The loans went about as far the
other way.
Brooklyn has but five national AMI
Their deposits have increased since July al
most 100000. one-half of which was added
after October. The deposits now amount to
$f1 100000. Their loans increased $l.Oo0,eOo. in
round numbers. between October and De
cember: their lawful money reserve about
500. coo.
New Orleans has seven national banks. In
some way faith in the country grew so
much around New Orleans i'm the month of
November that their deposits increased
100000 This is a remarkable sum when II
is realized that the deposits amount TO only
S14. 800. 600 at the high-wate mark. In the
same period the loans increased almost
81. 900. 900. showing that some one borrowed
money to put into trade. The lawful re-
serve increased S250.GG0. In some way the
election seemed to affect business even In
feel il and admit it.
The six national banks i'm Detroit seem to
have remained in about the same condition
since last July. Their deposits have hung
around $40. 000. 600 and their loans around
$1i. 600. 900. The awful money reserve in
creased $500. 600 after the election. There Is
some encouragement in that. The six banks
managed to raise their average reserve
from 21.31 per cent. in October to $3.50 per
cent. i'm December. which reveals the ex-
istence of new energy and strength.