The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1897-12-06

with the treasurer of the United States.
The total circulation outstanding OIL ali
national banks on October 81, was sSol'-
1S1. .005, of which amount 81 ,559, 800, was
secured by bonds beld for account OF in
solvent and liquidating banks and s2o,-
POS, 1926 by lawful money deposited FOR
their account and by active banks re-
ducing circulation. The net decrease IA
the amount of circulation secured by
bonds during the year was sla. 5S4, 5s4'
and the gross decrease in the total ctrcu-
lation was 81. 851 .292. The 3617 banks IN
operation are divided geographically as
follows: 5SS with an authorized capital
stock of $159, ,291 ,620, in the New England
states; $50, with an aggregate capital
stock of s195, 1914, 375, in the Eastern states;
SAG, with a capital X of S66. 75l. 900 IN
the Southern states; l,046, with capital
stock of $l60. l63, 967 in the Middle states;
375, with a capital stock of $32, ,654, ,l60 IN
the Western states and 124 with capital
stock Of SIT, ,465, 600 in the Pacific states.
During the year just closed A banks
were organized, located in IS states and
Two territories, with an aggregate cap tai
stock Of 100000.
Ihe corporate existence of II national
panks in ~ states was extended during
the year, with a capital stock of 50, ,159, 900
and total circulation of $722, 700.
The number of banks which left the
system by reason of the expiration of
their charters during the report year was
two, with capital stock of sl5o, 900 and
circulation of s61, 200. These banks were
located in New York and Indiana and
We're succeeded by new associations with
capital stock of 800, 900 and circulation
Of s24, $50.
Ourlng the coming year the corporate
existence of 23 banks will expire, having
capital stock aggregating 81, 679, 900, and
circulation amounting to 81 ,032, ,975.
The numler of banks which went into
Voluntary liquidation during the year was
II, having capital stock Of SO, 900
and circulation of 81, rs, ,O40.
A comparison with the report of last
year shows the number of banks to have
decreased 90, with a decrease Of capital
stock of sl1, ,090, 500. There was an increase
of 10 in the number of banks organized
and 50 banks went into voluntary liquida-
ton. There has been an increase of ten
in the number of receivers appointed and
a decrease of nine in the number of ex.
tensions of corporate existence. The loss
through expiration of charters increased
one, and the number originated to succeed
expiring associations increased one.
Ofathe 6,357, ia shares issued on July S,
| 1897, 5 5,464, ,037 are held by residents of the
| states in which the banks are located
! 873, or by non-residents of which 2i 729
are held by residents of foreign countries.
The number owned by woman is 1,4lS,-
542.
During the year 3S banks were placed
| in the hands of receivers. OF this number
one has resumed business OF the total
number of insolvent banks twenty six
were finally closed during the year, leav-
ing 127 still in process of Nquidation.
The affairs OF 46 banks in the hands of
receivers have also been practically
wound up, but cannot be finally closed
because of litigation pending.
| The comptroller deyotes considerable
space to the SUBJECT of postal savings
banks and the report contains the latest
compiled statistics relative to the world &
| monetary system and the stock of gold,
| 81 lver and paper currency.