Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1897-12-06
NATIONAL sAsxs.
CONTINUED from page l.

decreased 62. with a decrease of capital
stock Of 81 900 200 There was an increase
OF 16 In the number Of banks organized
and 81 banks went into voluntary liquda-
ton. There has been an increase Of 10 In
the number of receivers appointed and a
decrease Of nine in the number Of extern
sions OF corporate existence. The loss
through expiration of charters Increased
one and the number organized to succeed
expiring associations increased one.
or the 6.337.114 shares issued on July >.
1897 5.4G4,037 are held by residents Of the
states In which the banks are located. and
73U0 by nOn-residents, Of which Il 10 are
held by residents Of foreign countries.
The number owned by women is 1,41S,542.
During the year IS banks were PLACED
in the hands of receivers. OF this num-
Der one has resumed business. OF the
total number OF insolvent banks 26 were
finally closed during the year, leaving 121
still in process of liquidation. The affairs
of AZ banks in the hands of receivers have
also been practically wound up. but cam
not be finally closed because Of pending
litigation.
The increase in the rate per cent. paid
to creditors of inSolvent national banks is
due In part to the greater efficiency and
economy in conducting the liquidations
and shows concIusively that governmental
supervision is growing more and more
effective as new and improved methods
are evolved from experience in handling
the affairs of insolvent associations. The
criticism. which. it is said. is not fire.
quent that receivers do not more quickly
convert the assets into cash and thus pay
dividends. is largely because of Il failure
to appreciate all the difficulties surround
ing the situation. Receivers are not to
blame If the trusts Of which they are APP
pointed have very little of value in their
assets
The returns from savings banks
throughou the United States are practi-
cally complete, but their value is some
what impaired by want of uniformity in
dates showing the conditions of the in
stitutions The number Of savings banks
covered by the report is $50. There has
been an Increase in the resources of these
banks of SELFISH. in deposits of si7.A1,-
go, and in the surplus and other undi-
vided profits of 9.224 5S5. The increase in
the number of depositors * 49,. 63S The
number of depositors IL 5.2Di. l32 and the
amount 10 their credit is 81 1913. 1864 .C35. In
vestments by savings banks in / nited
States bonds amount To sl63, sSG.92s and in
other bonds. stocks, etc. $ll2.34,145
Reports We're received from 23l loan and
trust companies all located in the New
England and eastern states except four
in Indiana. II in Illinois and eight in
Minnesota.
About Is per cent of the net deposits of
kies. institutions is held in cash and in
credits with other financial institutions
The highest rate of dividends paid by
them was 1873 by New York state corpo-
rations and the average rate paid was
rs per cent.
Returns were received from 40 private
banks and bankers. only about 20 per
cent. of the number doing business The
aggregate resources of the reporting bank
is 81 ss5 iil The loans aggregates $4s.-
800 2g5. United States bonds. sS.9SsS: other
bonds and stocks, sS,e,3..09 and cash on
hand. $. liS.Sis.
The comptroller devotes considerable
space To the subject of postal savings
banks and the report contains the latest
complied statistics relative to the worlds
monetary systems and the stock of gold.
silver and paper currency.