The Caucasian. (Clinton, N.C.) 188?-1913, 1898-02-10
STATE TREkSURER'S REPORT.
THERE ARE 45 STATE BANKS-16
PRIVATE AND 6 SAVING BANKS
IN NORTH CAROLINA.


Hanks ut Home is Loaned to Home |
Folks to Build up Home Institutions
Some Facts and Figures. |
There has been issued from the |
Treasury Department of this State a |
statement of the condition of all |
State, private and savings banks at |
the close of business on the 18th of |
December, 1897, giving the summa-
ry oe the resources and liabilities of
4o State, lG private and 6 savings
banks. 1t is most interesting doc |
ument, giving as it does condensed
in formation not otherwise to be had.
There is also appended detailed |
statement of the States debt and in
vestmentS.
Some Facts ard Figures.
From the report, the following ex-
tracts are made:
The total amount of the resources
and liabilities of these banks is $1O,-
246, ,O29.43.
The resources and liabilities of the
State banks are 81 5,Gl1.0S, Of the
private banks they amount to ST.
423, ,SG7 81 and the savings banks,
ST. ,566, ,47l.0l.
The amount of silver on deposit in
the State banks is $S4. .24O.22, in pri-
vate banks 22,102.OS, in savings
banks, S. ,963 3S.
The amount of gold on deposit in
the State banks is 1852, ,3G6.97, in
private banks $3e, ,O27.76, in savings
banks $32. 495.OO.
The capital stock paid in in the
State banks amount to ST. 1856 600. 90,
in the private banks 1927 353 90, in
the savings banks $3.50, 900 CO..
The amount of deposits subject to
check is $5 7S7, ,632 94 OF this
amount $3 922 ATT 81 is in the State
banks, $8l5 S77.76 in private banks
and ST, ,O49, ,777.S4 in savings banks.
The resources Of the State, private
and savings banks in the State is as
follows:
Loans on real estate, $94O, ,49S Sc;
all other loans and discounts, $5,-
I6l2,2S6.70; overdrafts, $134 ,082 AZ;
United States bonds on hond, $10,-
900; State bonds (par value), SIG, ,S41,-
Is; other stocks, bonds and mortga-
ges, $2lO, ,2OO,64; due from banks,
ST. ,SO4 1892 Is; silver. $112,315 ,6S;
banking house, $193, 1890; other
real estate, $l32, ,9l1.32; furniture
and fixtures, $40. .239. 80; current ex-
penses, $75,0S2.97; premiums, on
bonds, So, ,167 80; cash items, $780,
1887; gold coin, $2l4, ,SS9.73; ma
tional bank notes, 1859 966.48; total
resources, $l0,246, ,029 43.
The liabilities of these various
State, private and savings banks is
as follows: Capital stock paid in
So, ,564 O43.94; surplus fund, $780,
, 9O1 SO; undivided profits, 1894 1856 IL;
dividends paid, So so; deposits
subject to check, S., 787 .632.94; due
to banks and bankers. $175, ,632 81;
notes and bills re- discounted, $l7,-
143.47; bills payable, 1913, 165, so
cashiers checks outstanding, $685.
!, 32l.3O; certified checks, So, 1876 90
demand certificates of deposit, $3.50
49l.3 "a; time certificates of deposits
!, $5GS, ,475 .54; total, $40, ,246 1858.
The States Debt.
The interest bearing bonded deb
: of the State stands at present as fol
lows: 4 per cent, consoli-
:. dated bonds 1886, 25l
r 6 per cent. N. C. r. r.
,, Construction bonds 2,720, ,0O(
n Total $5,OS6, ,25t
) The interest is payable on the
y per cent. bonds in January and July
Y and on the 6 per cent. bonds il
. April and October.
n The interest on the 4 per cent
bonds is paid out of taxes levied fo
the purpose, while the interest OF
the 6 per cent. bonds is provided 70
out of the dividends coming fror
D. the States stock in the n. G. r. h
Co. "
The annual interest Is as follows
le On 4 per cent. bonds $13f,65
IL On per cent. bonds 163, 20
to Total annual interest $297 ,S5
j; The annual income to the Stat
30 from its stock in the n.
or C. r. R. Co. has been
OF under old lease $500
y Is to'be for six years, un-
SO der new lease 195,0l
IS. Is to be for ninety-four
ID, years under new lease 210, o.
MS Under the Act to "Compromi
III Commute. and Settle the State Debt
SO, 366, ,25O new per cent. bon'
have been issued in exchange for Il
ess old valid debt. To complete Il
lse work begun in this line will requi
a.a ,,n $249, $50 more to carry the new de
~, 'hs to its utmost possible limit, So. 81;
his ITO. The time in which this may
done expires January !, 1899. -