Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1899-01-05

CASH, $1,OoIsO57.Vf, FTlfdlc UduhS.
Resources, 1881, 1894; loans and dis
counts, $9sS,569.25 capital, $2,971.9l
(derease); surplus and profits, $780,,
1878; (decrease); deposits, $1,000, 453.-
IL; available cash, 1894 ,250.2S. Savings
banks: Resources, $50, 2S9.60; loans
and discounts, s37,005.SS; capital,
none; surplus and profits, s3,4s192;
deposits, ssl,S07.6S; available cash
sl9.942,37. The totals of the foregoing
are: Resources, SS,429, 1920: loans
and discounts. $4.267 ,57672; capital.
$37 .02S.99; surplus and profits. $50,
35 decrease; profits, 1891. 414.3S;
available cash, 1,766,SS7.42.
THE total number of state banks In
the state Nov. 16, '95, were 233; Nov.
81, 90. 240; Nov. 6, 81, 241 Dec. l, '9S,
24S. The total resources at the fore
going dates were: In '95, s4S,601. S29.-
AZ: sc. SAL, 532, 711.22; 81. $46,593, 540.-
%; '9S, s55,023, 310.4S. The liabilities
for these periods are OF course the
same. 1t will be seen from the fore
going figures that the volume OF bus
mess transacted has shown a marked
increase except in the year 1896, the
aggregate being sll, 421 ,4S1.01. The
decrease in that year was caused by
the business depression which pre-
vailed and the agitation of the curren-
cy question previous to the presiden
tial election
With the purpose of showing the
marked and substantial growth of the
state and private banks of this state
and the corresponding growth of the
resources of these institutions during
the three last decades, condensed alb
stract of items of deposits, loans and
discounts, capital and resources is Civ
en- herewith: July, 1869; Number of
banks, 10: loans and discounts, $685.
653.64; resources, s4,373, 07361; capital,
1926, 900; deposits, s2,S7S,11212. 1874:
Number of banks, IS; loans and dis
counts, s4,751 ,073S7: resources, S10,-
1873 ,S61.27; capital, 1862, 6SS.17; de-
posts. s6,S1S,731.42. 1879 Number Of
banks, "a; loans and discounts, $S,533.-
1885; resources, s16,3s5,9 10.S9; capt.
tai. s2,529, 1920; deposits. s10,782.S52.
~. 1884: Number of banks 100.
loans and discounts, $17,54S, 032.30; re-
sources, s39, 560,S3927; capital So, 499,-
$50. 90; deposits, S21 ,S63 ,694.S5. 1890:
Number of banks, 1876; loans and dis
counts, S31 ,S46, 1859: resources, s49,-
601, SOP .0S; capital, $5,79S, 403 81; depos-
its, S3S,033, 47415. 1895. Number of
banks, 1888; loans and discounts, $685.
062, 1861; resources, S43,S01 1923. AZ;
capital, s7,91S, 06351; deposits, s32 ,22S,
072.05. 1898, Number of banks, 24S;
loans and discounts s31 400, 1S1.49; re-
sources, s55, 023, 310.4S capital. 1894
41S.3s, deposits, s42,721, 15303
This abstract shows that these in
situations have steadily increased in
number and importance, from total
of 10 banks in 1869, with an aggregate
capital of s495,000, deposits of $2.S7S,
112.l2 and total resources of S4373,
072.61 to total of 24S banks under
state supervision in 1896, with an ag-
gregate capital of 1914, 4133S, depos-
its of S42,721 1888 and resources $685.
023 ,31O4S.
with the advent OF the national
banking system of 1868. the profit de-
rived from the issue OF circulating notes
and the prohibitive restrictions of the
10 per cent. tax on state bank circula-
ton caused many state banks TO cease
doing business so that in 1869 as
! shown above, there We're but - state
banks doing business in Wisconsin
which was the lowest point reached
during that era. AS the profit on ma
tional bank circulation decreased, and
the demand for greater banking facili-
ties increased, there was a correspond
| ing increase in the number of state
and private banks. Another reason
for this increase Is doubtless found in
the fact that state and private banks
can be organized with less capital than
national banks, and in towns and cities
where sufficient amount OF capital 10
organize national banks is not avail
able or cannot be probably invested in
this class OF business. A further Tea-
son is TO be found in the absence Of
some of the restrictions which hamp-
en- the operations OF national banks,
particularly as regards loans on
real estate; and while the aggregate
| amount invested by the promoters of
these institutions is far smaller than
/ that invested 10y the promoters OF ma
| tional banks, these smaller iastitu-
/ tons supply a want which under ex-
| isting laws the national banks cannot
\ in any way satisfy. II may well be
/ doubted however that the sharp com
petition to secure patronage which is
| caused by the multiplication of the
/ number of competitive banks IN some
of the smaller cities and towns is con-
/ ducive TO their stability, OF to their de-
/ STABILITY MS n source OF profit.
AS a matter of general interest and
I for the purpose vi showing the distTi-
! button of the facilities that are Offered
by the banking Institutions OF Lne
state. have taken the pains TO ascer-
| tain the number of cities and
. I IN, D., fab hax