Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1900-12-31
Pixies Toothache Drops Cure in One Minute.

real estate 1899, $lC57,Sl722 1900, $1,1O3,-
aS5. So. Stocks and bonds. 1899, s5.4i2. 92O Is
80 1892 oa TT 49, Is
owned, 1899 sl1l .96S. Al; 1860. $l90. c47 u.s. Due
from other banks and bankers, 1899. SILL
.Sl.9o; 1890, sssl5s: Expense account. 1899.
4 fixtures, 1889. sl2s,siz.74; 1890, sll4,SlS.9,
Cash. 1859. Sl20S, 242. 81 1900. $l359. 5S7. s..
Other resources 1899. S39S, 5.5S go $500 :
t92 Total resources. 1889, 1,soa, 30 20; 1900,
$13. go 402 81.
/ This is an increase of 81 493, 1868 in the
total assets; $1,000 in surplus; s99.14.s1
in undivided profits. and l.25S, 36s. As in all
kinds of deposits during the year.
The total number of depositors is 1859.
as against 16S0S in ES9-a gain of 27s1
The depositors Of time deposits and tn
number ESQ. with S5,s4l.S54.G2 standing to
their credit-an increase OF 81 ,2o7 062. 10 in
/ this class of deposits during the year.
while TIC gain IN commercial 81 or demand
The increase in assets has been princi-
pally invested in demand and time loans
and stocks and bonds. there being an in
crease of $59l.3t930 and S615,S9 50 re-
spectively. in these items during the year
The amount of interest paid on all de-
posits was S2l1,1CS.1l. as against sl6l.9iS.2l
of interest paid in the savings depart
ment alone has been $l61, SS0.6l. the aver
age rate being approximately $50 while
that for 1859 was $50.
The amount of dividends paid to stock
holders has been SlQl 30. This is an av
crage of So per cent on all capital stock
outstanding. Deducting the municipal
taxes. this leaves The net income on the
stock but little more than the rate of in
tereSt paid to deroSitors. This difference
is bat small compensation To the stock
holders for the additional liability they
assume and the care and responsibility
of managing the banks
Mr.. Timberlake says that trust com
panies are of recent establishment in this
Stlfa leo St "a inn "a =
necessary since the laws touching upon
these institutions are very few. He goes
into detail as to what kind of laws are
needed, supporting his statements with
sound arguments.
There are SO Loan and Building Asso-
Citations doing business in the State at the
present time. one having been added To
the number since TIE date of the last re-
port. The Gulford Loan and Building
Association Of Guiffnrd was organized,
May. -. and commenced to transact
business. June 10, 1900.
Following is an aggregate statement of
the liabilities and resources of the Loan
and Building Associations of the State
for Oct =. 1890, and a comparison win
those of Oct. %, 1879:
Labilties-Accuinulat capital. 1899.
s2,7cl ,9Go,Si 1890. S2,s23, S5i.1o. Guaranty
vanccd payments iS.9, si21.3A s.; - Q.
500. $3.50. Forfeited shares, 1899, $1959a1;
1870. $253ol5. Due On loans, 1872 s9o43 ~
s599IS~5 other liabilities, 1899, l..fo337;
1900. l5.%.2S6. Total abilities, 1899, S.,
97a. 116.41: 1860 s2.Se211S.5}.
Resources-Mortgage bonds, 1899. S2,321
$40; 1900. s.. 500. Shares and other
loans, 1880, S53.415G4; 1870 ISL 1915. Real
estate by foreclosure, lSSA, Hl3o, o16i2; 1900,
$l45 ,00S 81 Stocks and bonds. 1893. $l5,
80 50: 1900 $22G195A Furniture and fix
lures. 1880. SluJo.lt: 1910. $l52l. Is. Perma-
nent expense 1879. $171611. 1863. Sl46i-3i.
Temporary expense. 1859. S3765 As. 1902.
$232a 20 Cash, 1899. >S,i59.ol: 1900. $2l3.-
20711 Other rvsoMrces. 1889. $3S.SiS.3a :;
1890. so. rs a. Total resources, 1899, s.
$40, 7l6.41 1860, s., $50, 1855.
Number of shareholders. 1882 $50; 1907.
SO6. Number of shares outstanding, 1899.
A 36S; 1900. 1919. Number of borrowers.
1899 .995; 1900. 2927. Number of loans, 1899.
$500: 1900. $3.50. Average rate of dividend
idends paid 1899 SIG 3Si.57; 1910. S1Gi.S51. SO.
This is a decrease Of &l3.531. 81 in the to-
tai assets. $7S6,6.1i in the accumulated
capital and $40 in the number Of shares
outstanding as against a decrease of 81,
30 80 in assets, $il 3.63 in accumulated
capital. and 39oi2 in the number Of shares,
in 1899.
In addition to parts stated above. the
reports of the receivers are given in Mr..
Undertakes report. showing the condl-
ton of affairs in each banking associa-
ton now in process of liquidation in this
State This includes statements from the
Richmond Savings Bank, American Bank
ing and Trust Co, Northern Banking Co..
oxford County Loan Co. Granite state
Proyident Association. The report also
deals with the foreign banks which pay
a tax to this State under the law OF lS9