New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-06

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The latest obtanable statements OF the BANK,
from August T. 1897 to October %. 1897. show that
within this time the rate OF discount advanced rom
8 per cent TO per cent The rate continued from
August : to August 81 at per cent; advanced on
September and continued until October at
per cent, and reached per cent on October 10 ana
g. At these various periods the outstanding crci-
,ation is shown to have been as follows: 1@2.lS2oV
marks. 1O3s 446 600 marks. 1000 93l.0O marks o'o-
$4,000 marks l066 1900 marks. 1o5sl56,Vo marks.
l.oso.s22OO marks. I.2S6.s2S0oo marks, l24Z'l@""
, 1.lsS.4l4 900 marks and I,l25550.00 marks.
NATIONAL BANK STATISTICS.
The total number OF National banks organized
since the date the first certificate OF authority was
issued on June 90 1863. TO the close OF the year
just ended was 5,095. making an average for each
year of 15o on October 81 last there were In active
operation a6l7 banks. having authorized capital
stock OF $780, 2sO 295 The total outstanding crcula-
ton of the banks then In operation was s229l99.-
$50 OF which s202.99i555 was secured by bonds OF
the United States and the balance by lawful money
deposited with the Treasurer OF the United States
The total circulation outstanding OF all National
banks on October 81 was $3.50. 1871 005. OF which
amount 81 55s 500 was secured by bonds held for ac-
count OF lnsolvent and liIuidating banks and s6.-
2O5 1926 by lawful money deposited for their account
and by active banks reducing circulation. The net
decrease In the amount OF circulation secured by
bonds during the year s25A. 1874. and the gross
decrease in the total circulation was As5l.2s2
The 36l7 banks In operation are divided gcogrnph-
ically follows: 5S, with an authorized captai
stock OF s159 POI. 500. in the New England States
9J6. with an aggregate capital stock Of Sl95,lH.-
275 in the Eastern States 546., with capital stock
OF $685. 7sl 900 in the Southern States: 1.o4s with
capital stock OF $500 1867. in the Middle States:
$751; with capital stock OF &32.6il6o, in the West
States. and 12i. with capital stock OF w.
4c5. 600 In the Pacific States.
Pennsylvania. New-York. Massachusetts. Ohio.
Illinois and Texas lead In point OF number OF active
banks. Arranged according to capital stock, Mas
sachusetts is FIRST with s9i327.5c0; New-York sec
ond with $50, 1863 $40: Pennsylvania third with s75.-
1893 $780, followed by Ohio, with N523596,; Illinois.
with $7 296, 900. and Texas. with sl9sS,cm
FORTY-FOUR INSTITUTIONS ORGANIZED.
During the year Just closed a banks were organ
lied located in IS States and Territories with an
aggregate capital stock Of $4,000 The corporate
existence Of Il National banks in u States was ex-
tended during the year with capital stock OF s.
1885, 900 and total circulation OF s722c The num-
Der OF banks which left the system by reason OF
the expiration OF their charters during the report
year 2. with capital stock OF Sl5Q.Wp AND CIR
ulat!on OF SCI 800. These banks were located In
New-York and Indiana. and were succeeded by new
associations with capital stock OF $r,Vp and
circulation 6. s2i.750. During the coming year the
corporate existence o. % banks will expire having
capital stock aggregating s267ScD and circulation
amounting to 81 1929 The number OF banks which
went into voluntary liquidation during the year
was Il having a capital stock OF 39Gjs.oNo and CTR
culation OF $l.729,0p.
comparison with the report OF last year shows
the number OF banks 10 have decreased g. with
decrease OF capital stock Of sl.@o5co. There was
an increase of l6 In the number OF banks organ
lied and SO banks went into voluntary liquida-
ton There has been an increase OF 10 in the
number Of receivers appointed. and a decrease OF
in the number OF extensions OF corporate cNls'-
ence The loss through expiration OF charters IN
creased l, and the number organized 10 succec ~
pring associations increased l.
or the 6337ll4 shares issued on July g. 1884, 5i6'-
OF are held by residents OF the States IN which
the banks are located. s73.077 by non-resdents. Ok
which o. 72s held by residents OF foreign coun-
tries. The number owned by women is lNSH.
The investments by residents IN the New-i;nsand
and Eastern States In the stock OF the National
hanks located in the Southern states amount TO
Is 20. 600: In the Middle States $3.50: in the
Western States A.'g7.so in the Pacihc safes, "
shareholders number 2S225. 4 which 279iH are
natural persons, including lolsii women. Inc cor
The average investment; by each shareholder ~
abou: s22 further elnss1a'iS9n s shI"s rhe
par value OF 81 40 less 49, 80. over s. 90 or less
1880. $4,000 or over.
TWENTY FOUR YEARS OF NATIONAL BANK |
ING
The diagram contained In the Controllers report |
for 1886 exhibiting the principal Items entering
into the statements OF the banks and showing how
each Item varied during the twenty-one years OK
tho life Of the system. Is reproduced in the report
OF this year and made TO cover the entire period
from October g. 1863 to october 3. 1897. In this da
gram the dates Of financial crises and other events
which have had a notable effect upon the cond- |
tion OF the banks are shown by vertical lines.
An analysis OF the abstracts OF the reports made
by the banks in response to the five calls required
by law Is given and shows the changes which have
characterized the status OF the banks at different
periods OF the year.
in the. hands Of receivers or This number. one has
resumed business. OF the total number OF nsoi-
leaving ~ stu in process Of Liquidation. The
sar Of 70 hanks in the hands Of b reeeyGrs have
finally closed because Of litigation pending. These
Of fa the receVerssps being only noma and Pmiei
to the payment for services actually rendered. A
formally closs several receverships. Tho available
assets o. whGh 9aY zeal sesdy been rsazcd
orally been the barrier preventing ths realization
The increase in the rate per cent paid to credit
ors OF insolvent National banks is due in part TO
the quidatons. and shows conciusively that gov,
ernmental supervision is growing more and more
from experience IN handlins the affairs Of nsoyent
assoS,aOns the criticism rndfIsT Which, it is SAID
convert the assets into cash. and thus pay divi-
all the dificulties surrounding the situailon Re-
SEWERS are not to blame II ne trusts to which
assets Whe banking is free in every part Of ' the
country. associations will often be formed by men
without business tact, training or judgment or
even the rudimentary knowledge OF the principles
OF commercial banking.
There paid TO creditors Of insolvent banks
during the year S3 ls9 ISL in dividends The mag
will be more forcibly illustrated u considered in
the light OF what has been accomplished heretofore
in the way Of dividend payments TO the creditor,
q nsolyens in n. In 1893 there was paid in
In 1896 t246l s59 and In 1897 N3 1862 49, making total
Of dividends paid within the five years from 1893 20
1897 OF $5S05l5. or 3CM cent Of all the dividends
that have ever been paid 10 creditors Of insovent
National banks From 1863 to 1897 there has been
braced in this report .l3 i6s7s II 10 per cent Of
all the dividends that have been paid during the
period Of thirty-four years OF the existence OF the
system. Since October 81. the end Of the report
year, seventeen additional dividends have bcen