The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1899-11-16
GROWTH OF
BUSINESS
As Represented by the Banking
Interests Shown
In a Report Made by COmptrOl-
ler c. 6. Dawes.
COVERING 3 YEARS
In 1889 1908 Banks Held De-
posits of $3,776,41O,4O2.
IS9912,SO4 Banks Held De-
pOsits of 81, 7,531,S54,361.

Washington, Nov. 16-Charles G.
Dawes, comptroller of the currency, has
just made public the results of the in
vestigatiOn which he has made into the
number of loans and deposit accounts,
with their interests and resources of the
combined banks in the United States
in the years 1889, 1894 and 1899. In col
lecting this data, nearly 10000 reports
from banks have been examined and
compiled.
The investigation into number of
loans and deposit accounts and aver
age loans and deposits is the first ever
made, covering the United States, eth
er in reference to the national system
or banks other than national The re-
suits of this investigation indicate a
magnitude of banking resources and a
rate in growth in the number of de-
posit accounts which is unparalleled in
the financial history of the world. The
comptroller states that the results for
the combined banks are carefully esu-
mated upon the basis of ratios found to
exist in the reporting banks and that
they may be regarded as substantially
accurate. He is careful to call atten-
ton to the fact that the number of de-
posit accounts and loans given in his
figures, must not be confused with the
number of depOSitOrS and borrowers,
since the same individual may have
| loans and deposits in several banks,
report to the comptroller. While, there
fore, the actual number of borrowers
and depOsitOrs is much less than the
number of loans and deposit accounts
the growth in the latter is evidence of
the general growth in the number of
individual depOsitors and borrowers.
The general deductions from the in
xeStigation covering the last ten years
is given by the comptroller as follows:
FirSt-That the number of individual
depositors in the banks of the United
States is constantly increasing, as indi-
Gated by the regular increase in the
number of deposit accounts of the
combined banking systems, estimated
as follows: July u. 1899. 1908 banks
reporting 6,70S, 791; July IS 1894, 9.5OS
banks reporting 1898, ,766; June 80, 1899,
1872 banks, reporting IL ,432 636. The
estimated grand total for the year 1899
based upon banks reporting and statis-
tics as to non-repOrting banks obtained
from tax returns to the commissioner
of internal revenue shows 1873, ,874 de-
posit accounts in L, ,S04 banks.
SecOnd-That there is a demand from
borrowers for the use of the greater
proportion of the deposits of the banks
and while the number of individual
borrowers is much less than the in
crease in the number of depositors as
indicated by the rate of increase in the
number of loans estimated as follows:
July y, 1889, 1908 banks reporting
2.1S8, ,514; July IS, 1894, 9.50S banks re-
porting 1890, 694; June 80, 1899, 1882
banks reporting 3,911 664. The estimated
grand total for the year 1899 based upon
banks reporting and statistics as to
nOn-reporting banks obtained from tax
returns to the commissioner of inter-
nal revenue shows 5067,252 loans in r.,
804 banks.
Third-That the growth of the bank
ing system is being characterized by
gradually lessening rate of interest
charged on loans.
Fourth-That a gradually Iessening
rate of interest is being paid upon de-
posits.
Fifth-That considering the large
clentage of national and savings banks,
the average deposit of the individual or
corporation is slowly increasing.
SiXth-That the average size of the
loans, all classes of banks considered,
has not varied much in the last decade.
SeVenth-That the growth in the ag-
gregate of individual deposits has been
as follows: July u, 1889, 1908 banks re-
porting SO, 1854 1872; July IS, 1894, 9,5GS
banks reporting 81, 651, 215,302; June 30,
1893, 9,732 banks reporting So 1858 65S, ,361.
The estimated grand total for the year
1899. based upon banks reporting and
statistics as to nOn-repOrting banks OBJ
tained by tax returns to the commits
siOner of internal revenue is 81, ,531, ,S54,-
361 in y S04 banks.
Eightn-That the growth in aggregate
loans has been as follows: July y,
1889, 1908 banks reporting $3,475, ,272, ,262;
July IS. 1894. 9,50S banks reporting S4,-
O85, ,069 412; June 30 1899, 9, 1872 banks re-
porting $5.167S95, 610. The estimated
grand total for the year 1899, based on
banks reporting, statistics as to nom
reporting banks obtained from tax re-
turns to the commissioner of internal
revenue, is s., 751, ,467 ,610, in Il, 804 banks.