The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-02-04
ARE As STATE BANKS
16 PRIVATE BANKS, 6 SAVINGS
BANKS IN NORTH CAROLINA.
RoNIze HOME INSTITUTIONS
Money Deposited in Banks at Home is Loaned
to Home Folks to Build up Home
Institutions Some Facts and
Figures.


There has been issued from the Treas
ury Department of this State a state
ment of the condition of all State, Dri-
waite and savings banks at the close
1897, giving a summary of the re-
sources and liza bilities of 40 State, 1G
private, and 9 savings banks. 1t i
most interesting document, giving as
it does condensed i'm formation not other
wise to be had.
There is also appended a detailed
statement of the States debt and in
vestments
We notice that the Commercial and
Farmers Bank of Raleigh heads the
list, as having the largest amount de-
posted by amy State bank, say 1885, 900
The Battery Park Bank at Ashevillc,
the next largest, has 1897 900, and the
Fidelity Bark at Durham, the third.
had S249, 0O0-the deposits in these three
banks. subject to check, aggregating
nearly one million of dollars.
We merely mention these three banks
that 1T may serve as am object lesson
to the people of our State. Deposit
your surplus money with your home in
stitutions. In building them up, you
build yourself up.
We think all our banking institutions
in North Carolina are conducted upon
safe, conservative and legitimate
methods.
SOME FACTS AND FIGURES.
From the report, the following ex-
tracts are made:
The total amount of the resouces and
liabilities of these banks is $40, 246, 029,-
43.
The resources and liabilities of the
State banks are $7.255.611 .0S. of the pri-
waite banks they amount to 81 40, S67, :
81 and the savings banks 81 ,566,47 .01
The amount of silver on deposit in
the State banks is So. 25O.22. in private
banks $50, 102.0S, in savings banks So,
963.3S.
The amount of gold on deposit in the
State banks is $152. 1861, i'm private
banks $30,027.76, in savings banks $32,-
495.O0.
The capital stock paid in in the State
banks amount to 1886, $4,000, in the
private banks $297, 1898, in the savings
banks $2S0,UU0.00.
The amount of deposits subject to
check is $5,TS7, 632.94. OF this amount
1892, 477.34 is in the State banks $S15,.
377.76 in private banks and 81 ,049, IT,
"a in savings banks.
The resources of all the State, pri-
waite and savings banks IN the State is
as follows: Loans on real estate, $780,
1856: all other loans and discounts, So
t12. 2S6.70; overdrafts, 1874, 0S2. AZ; Uni
ted States bonds on hand, $4,000; State
bonds (par value), $76.S41. 40: other
stocks, bonds and mortgages. 500, 200.-
"a; due from banks, S1.S04, 1925: sill
YER. $112.315.6S: banking house. $685.
1890; other real estate. $132.911. %;
furniture and fixtures. $T0,239.99; cur
rent expenses. STE, 0S291: premiums on
bonds, 50, 167 so; cash items, $155, TAB.
81; gold coin, S214.SS9.73; national
bank notes. $469, 9664S; total resources.
$40. 246, 029.43
The liabilities of these various State,
private and savings banks is follows:
Capital stock paid in, $2,564, 0439f;
surplus fund, $360901.S9; undivided
profits. 1884, 1851: dividends paid, 81
23S.50: deposits subject TO check, ST.
7S7 .632 "a: due to banks and bankers.
$1T5.61174; notes and bills re-discount-
ed. S171, BAT bills payable, 1913. 1850;
cashiers checks outstanding, $3S, 321. 80:
certified checks, So 436.20: demand certi-
ficates of deposit. $3.50. 1914; time GER
tifcates of deposits, $568, 475.54; total,
S10,246, 029.43.
THE STATES DEBT.
The interest bearing bonded debt of
the State stands at present as follows:
per cent. consolidated
DOlbuS. pOJOUO,%OO
per cent. n. G. II. r. Con-
struction bonds. ...... 2,720,00O
Total SO, 0S6, $50
The interest is payable ON the per