The Republican journal. [volume] (Belfast, Me.) 1829-current, 1900-02-01
Money Plenty in rkaine.


Large Increase i'll Deposits Last Year.
The 43d annual report of the bank ex-
aminer of the State of Maine says that
there are 81 savings banks, II trusts and
banking companies and 81 loans and build
ing associations, with aggregate assets of
So, 300, 165. 81. The number is the same
as that reported for 1898, while the ag-
gregate assets have increased S.. 923. 627.
II during the year.
The depositors IN savings banks and
trust and banking companies, and share
holders in loan and building associations,
have increased from 1872, 625 in 1898 to
POP, 552, gain of 1927.
During the year the institutions have
paid to depositors and stockholders 81
51S, $40. Y in interest and dividends, and
Increased The amount of their reserved
and undivided profits S351, S53 IA. The
average rate of income to depositors on
interest bearing deposits and to share
holders in all of these institutions has
been 3. As, as against 3 6S last year.
AS appears by the report of the comp
troller of currency, there are 81 national
banks now doing business in this State,
| with assets amounting to s43, 4OS, 235 49,
| being an increase of 50, 400. 154 05 from
| 1898. This makes the total authorized
banking capital of the State s125, 7O7, 401.-
q, an increase OF 50, 1922, ISL. II during the
year. An equal distribution of these as
sets would give to each person in the
State 500 Is.
The report says: 1.-THE recent unfortu-
nate failure OF private banking house in
this State has disturbed public confidence
nearly as much as though it had been a
chartered banking institution. Such fail
ures lead depositors to withdraw money
from chartered institutions, and prevent
others from depositing therein. This is a
distinct loss to the State, to the public,
and to the depositors.
The 81 savings banks have deposits ag-
gregating 1854, Co., 1856 against $50, S52, 557
a year ago. There are SIT, $50 depositors
against 169, TIA in 1898, f. $50 of whom
have balances of s., 600 or more. This is
an increase of 254 for this year. The ay-
erage rate Of dividends in savings banks
was 3. As per cent. Last year it was g. So
per cent. There has been an increase of
$164, 1872 in the reserve fund.
The increase in deposits is 81 ,065, 2S5 in
excess of the amount of dividends credit
ed during the year, and shows substan-
tial gain for these institutions. Tho
amount deposited for the year, in
GLIDING the dividends credited, is $13,-
S67, 974, and the Withdrawals $40, I'll, 145,
as against $12, OS1,579 and $40, S27, $40 re-
| spectively for 1898.
| OF the II trust and banking companies
doing business in this State, one was add
ed to the number and one dropped during
the year.
| The aggregate capital stock of the
trust and banking companies in 1898 was
| 81, $50, 400. In 1899 it was 81, 59S, 943.
| The number of depositors in these in
situations at the present time is 16, sos,
while that for 1898 was but IA, 1856 and the
total deposits IS, G5S,376 as against &c.
| POI, 11S for last year. The total assets
| have increased during the year 50, 3d.
! 254.
| The amount of interest paid during the
year on all deposits was S161, 94S; for
1898 it was $125, O42.
The amount paid to depositors in the
savings department alone was 1922, 1874,
the average rate being, approximately,
$50. The amount Of dividends paid to
stockholders was $SS, 775, being an aver
age of 5. IS on all stock, or an average of
g. "a on the stock of the banks that paid
dividends.
The 80 loan and building associations
have an accumulated capital of 50, 7O1, 900
against So, 743, 424 in 1898.
Statements of resources and liabilities
show a decrease of 1874, 2S2 in the total as
sets, $41, 463 in the accumulated capital
and 800 1-2 in the number of shares out
standing. There has been most salts
factory increase of 80, S97 in the amount of
the guarantee fund during the year.
The total amount of real estate by fore
closure held by the association il now
$3.50, 500, being an increase of 500, IT'S
during the year.
Itch on human cured in 80 minutes nv