The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1898-12-07


banks were organized. The number in
operation Is 1855. OF the closed asso-
Citations. LIZA were placed in voluntary
liquidation by the shareholders. and
3ss. insolvent. in charge Of receivers.
On Oct 81. 1897. there were in active
operation 1917 associations. During
the past year IS We're organized. 90
placed In voluntary liquidation. and Z
failed. including ms OF the in
liquidation. above referred to. making
a net reduction during that period OF
1s banks.
The authorized capital stock of the
banks on Oct. 81. 1s9S. was s624.552.-
1875: the circulation outstanding. $685.
sac. 2s1. of which s210.045 .45s il secured
by bonds and s2s. 500.s25 by lawful mon
ey deposited with the treasurer Of the
United States on o of liquidat-
ing and insolvent associations. and
those reducing circulation. A compar-
ison OF the circulation account on Oct.
81. 1895. with Oct. 81. 1897, shows an IN
crease of s.5S2.71 III in the total amount
OF circulation outstanding, and of So
SIG in circulation secured by bonds.
The capital of the Sc banks organized
during the past year aggregates So
SIS. 900. Geographically, the Middle
states lead both in N number of
banks and the aggregate capital. TiZ.,
% and So. CSC. 900. respectively. Seven
were organized in Ohio. six in Iowa,
five in Illinois. two i'm Missouri and one
each in Indiana n Wisconsin. In the
aggregate amount OF capital the Pacific
states are second. Two banks in CAL
ifornia were capitalized in the aggre-
gate for So. 500. 900, and the new and first
hank in Alaska for 1900. Sixteen
associations were formed in the East
ern states. with an aggregate capital
of 81. Isl. 900: Pennsylvania Leading with
Af~hr EnllaUnA hr Nans NAWk Nr
New Jersey. two: Delaware and Mary
land. n each. In the Southern divis-
ion. eight banks. with capital Of $780,
900. were organized; Texas leads with
four, and one bank was organized in
each of the states OF Virginia. North
Carolina, South Carolina and Ken
lucky. The banks created in the West
ern states number six. and are capi-
talized for $500. 900. Three of these
banks are in the Indian Territory. two
in Kansas and ms in Oklahoma. The
only bank organized in the New Eng
land states Is located in New Hamp-
shire. and has a capital of $50. 200.
Since July IL. 1852, the date of the
passage of the act providing for the
extension OF the corporate existence OF
national banks. the charters of 1870
have been extended. Their capital az
gregating s407. 53l. IFS. In the past year
the corporate existence of 20 associa-
tons. with capital a~ggregating s2.l45.-
900. was extended. Three associations.
the corporate existence of which ex-
pired. ~liauidated. although two of them
r~eorganized under different titles. Dur
ing the coming rear % banks. with
capital amounting to S3.155. 900. will
reach the close OF their corporate tx
fstence. The capital and circulation Of
the 1.134 banks. the charters Of which
will expire during the 10 years ending
with 1908. amount. respectively, To
sls2. 41s.1 $50 and S44. 293. 1853.
The capital OF the g. banks placed in
voluntary liquidation during the year.
exclusive of that Of the one subse-
quently declared insolvent. amounted
to ST.. SOC, 900. and the capital OF the
seven insolvent associations, 81 200. 600.
7 The last reports Of the condition OF
the 3.5s5 national banks. made Sepicm-
Der 20. 1898. show that the aggregate
were 81, 003.5 81. 044.S7, an in
crease since Oct. 5. 1897. of S29S .377,331.-
Is. Loans and discounts. including
overdrafts. have increased sl05. Ti3,-
1864. n they now aggregate S2.l72.-
519. 6l0.5I. Government securities on
hand and deposited with the treasurer
of the United States to secure circull-
non I'M public deposits amount to
s35S. 40. 217. an Increase OF $50. 90i. 357.
Gold holdings have increased So. 715.-
31s.35. but. owing to the reduction of
the amount or currency certificates, the
net increase in the amount of specie
and other lawful money is but S31. S39.-
-S27.3i. the total currency held amount
ing to $500. 722. ASS 80. The banks in
dividual deposits have risen to 81,
454. $40. 90. an increase during the year
OF s17s. los. All. 20. The surplus and
profit have increased $5.SlS,-
205.60 The reduction OF 20 in the num-
Der Of reporting banks is accompanied
by a reduction of $780, 200 in capital
and s4,436. 904.50 in circulation.
The number of banks and capital
stock In each geographical division. as
shown by the reports on Sept. 20 are
Is follows: