Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1900-10-04

Minnesota. H. Digit, CASH,
First national bank Duluth: "A nun
Der of our people in mercantile phi
suits who had borrowed money on
were unable TO ray four years az
have Largely reduced or wiped OIL
their debts. Some who were IN goo
financial condition have become yer
much better off. We do not know {
any merchants Of business capacit
who have not very materially in
proved their position.
A. L. Alness president Scandirf
yian-American bank, st. Paul, Minn.
This banks deposits compared wit
three years ago have increased .
per cent. estimate 65 per cent. G
mortgages on homesteads of mechar
les, laborers and small business me
have been paid and 25 per cent. hav
been reduced. Money has been chea
ana abundant since ls9t.
Montana.-H. II. Matteson, cashie
First national bank of Great Falls
Mont: Bank deposits show an in
crease in our community as compared
with four years ago of lis per cent
Four years ago our sheep Interests
which comprised almost wholly oul
borrowing class, were heavily in debt
To-day, while they have not become
loaners of money, they are far les'
in debt, and as general rule are car
rying increased flocks.
Nebraska. S. H. 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 gooo
securities as it is at the present time
Farmers can borrow al. the money
they want on first mortgages on Their
farms at five per cent. interest, while
four years ago II was difficult for
them to get it at all. Four years age
it was almost impossible for bust
ness man to borrow 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
a portion refunded at 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 % to 80 per cent. increase, in
Guiding both savings and commercial
accounts. This county is % per cent.
ahead what IT was four years ago in
general prosperity"
First national bank, Fargo, n, d.:
"The bank deposits in our community
show a 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 a half to seven per cent. The
chcapening of money has helped out
our city and state wonderfully.'
Ohio.-Charles A. Himself, president
Fifth national bank, Cincinnati, o.:
deposits and clearings in this
city have increased in the neighbor-
hood of SO 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, 0leson, cashier
Security bank of Dakota, Howard,
s. d.: 81 take much pleasure in in
forming you that the deposits of our
bank as compared with four years
ago are now just 100 per cent. larger
Ten farm mortgages are now paid OFT
to every one that goes on record,
while then -four years ago. none were
paid off, and great quantities went on
record"
William Selbie. cashier American
national bank, Deadwood, s. D.:
"This community Is not criterion OF
general prosperity, for gold mining
is our main industry, and some OF
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. the
change has been very marked. A
great many debts have been paid off,
and the bank deposits have been
doubled"
A POLITICAL PLATFORM.