The Norfolk weekly news., 1900-10-25

debtor class has been material.
Minnesota. H. Digit, cashier
First national bank Duluth: "a mum.
hcr Of our people in mercantile pur-
.uits who had borrowed money and
were unable TO pay four years ago
have largely reduced or wiped out
their debts. Some who were ia good
financial condition have become very
much better of We do not know OF
any merchants of business capacity
who have not very materially i'm
proved their position.
A l.. Alness, president Scandina,
vian.American bank st. Paul. Mimi:
This banks deposits compared with
three years ago have increased 90
per cent, ! estimate 65 per cent. OF
mortgages on homestcads of mechan-
les, laborers and small business men
have been paid and 2j per cent. have
been reduced. Money has been cheap
and abundant since 1907
Montana.--n II. Matteson, cashier
First national bank of Great Falls,
Mont: Bank deposits show an in.
crease in our community as compared
with four years ago of 1lS per cent
Four years ago our sheep interests,
which comprised almost wholly our
borrowing class, were heavily in debt.
To-day, while they have not become
ioancrs Of money, they are far less
in debt, and as a general rule are car
rying increased hocks.
Nebraska.-S. II. Burnham. presi-
dent First national bank of Lincoln.
Lincoln, Neb.: Bank deposits have
increased In the banks of this city
during the past five years Ga per cent.
Never in the history Of this state has
money been at so low rate on good
securities as il is at the present time.
Farmers can borrow all the money
they want on first mortgages on their
| farms at five per cent. interest, while
| four years ago IL was difficult for
them to get it at all Four years ago
IL was almost impossible for busi-
ness man to borrow n dollar from any
bank in the city of Lincoln, while to-
| day we are loaning as low as five per
cent. A very large percentage Of
mortgages have been paid, or at least
n portion refunded at q much lower
rate of interest"
North Dakota. - Union national
bank, Grand Forks. N. d.: Bank
deposits in our community, as com
pared with four years ago, have shown
from 25 to 80 per cent. increase, in
Guiding both savings and commercial
accounts. This county is 25 per cent.
ahead what II was four years ago in
general prosperity"
First national bank, Fargo, N. d.:
"The bank deposits in our community
show n good increase over four years
ago, running from 20 to 30 per cent.
A good many mortgages have been
paid up since 1896, some mortgages
which could not in 1896 be renewed at
ten per cent. can now be renewed at
six and half to seven per cent. The
cheapening of money has helped out
our city and state wonderfully"
Ohio.-Charles A. Hinsch, president
Fifth national bank. Cincinnati, o.:
deposits and clearings in this
city have increased in the neighbor-
hood of 33 per cent. as compared with
conditions as they existed four years
ago. The deposits of this bank have
increased 800 per cent. Most OF our
local debtors are in very much better
condition now than they have been
for many years. The increased bal.
ances of country banks indicate the
payment of farm mortgages, due to
the improved condition of the
farmer"
South Dakota.-C. l.. Oleson, cashier
Security bank of Dakota, Howard
S. D.: ~ take much pleasure in
forming you that the deposits of our
bank as compared with four yea s
ago are now just 100 per cent. large"
Ten farm mortgages are now paid fl
to every one that goes on recor '
while then -four years ago. none Wee
paid off, and great quantities went or
record"
William Selbie. cashier American
national bank. Deadwood, S. d..
"This community is not a criterion o.
general prosperity, for gold mining
is our main industry. and some o
our heaviest savers among the labor
ing classes have taken their savings
often considerable in amount. in go
ing to Alaska. In the agricultural
district around us. however. tn,
change has been very marked. =
great many debts have been paid off
and the bank deposits have beer
doubled"
A POLITICAL PLATFORM.
| MA Won see the mons all froWn