El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-09-10
Total deposits Chicago

country oanR deposits I,esZ-oS' iS's'o'''o'
Total deposits Chicago
IA s6i. sss. 90
SIN regard TO the improvement Of
lChicsgo municipal bonds during she
last four years, rs shown by compare
tive outstanding bond values, the city
of bica 20 bonds sold In 1896 at price
they are now selling 1t q price to ne,
the investor only 81 per cent, very
decided improvement in the value, oil
course. The enormous increase In ban
deposits and in bank bueiness general
~ is the best evidence of the Increased
pros perity of Chicago, of which there
cannot be . shadow Of Q doubt"
q. q. Mstteson. cashier of the First
National bank of Great Falls, of Great
Falls, Montana, gives some striking
comparisons of the conditions that
now exist In the sheep country Of Mon
sana with those that existed four years
sgo. Says he:
Bank deposits show IN increase In
our community as compared with four
years ago Of lis percent. OF this In
crease about S5 per cent Ia due to new
business and 80 per cent 70 increase In
balances on accounts that We had al
that time.
"Four year ago the bonds of this city
sold on . basis of about 600; recent
sales have been made on q basis of 465.
"Four years ago our sheep Interests,
borrowing class, were heavily In debt.
To-day, while they have not become
loaners Of money, stey are far less
In debt, and As general rule
are carrying increased focks.
II their Hocks we're reduced to
she average Of four years ago they
would proba bly, be out of debt.
I'VE expect, however, that within
the course OF short time the new our
rency law will quite materially reduce
the rates Of interest In this section.
The current rate here now is 10 per
cent. We anticipate that within two
or three years rates will fall TO seven
or eight per cent"
From Duluth, the great wheat center,
comes the following brief but oompre-
hensive letter from ]. b. Digit, cash-
Ter of the Fret National bank Of that
city:
"The following indicates compare
tive deposits of the two chartered
banks OF Duluth st dates of comptrol-
ler's calls.
In July, 1895. SO, SIC, 900
In July, 1900. ........... 7,7l1. 200
IA pumber OF our people in mercan
tile pursuits, who had borrowed |
money aud were unable 10 pay four |
years ago, have largely reduced or
wiped out their debts. Some who |
were In good financial condition have |
become very much better OF. We do |
not know Of any merchants OF business |
who have not very materially
improved Cd cir position.
NJ. L. Willisms, vice-president OF |
The Commercial National bank, Of
Detroit, Michigan, writes:
"Both savings and commercial depos-
Its have increased with US about so per |
ospt respectively, during the last four
years: while credits Of this district
have increased about % per cent. The
In the condition of the
lebtor class has been very msterisl.
"Our merchants report vast improve
nents 10 collections"
One Of the most illuminating Of all
he communications is that from s. b.
3urnham, president OF the First Ma
ional bank of Lincoln, Nebraska.
This letter IL particularly Interesting
'ecsuse IL comes from Bryan's home
own, and because IL tells the story of
In . way that osnnos be I
Says Mr.. Burnham:
"Bank deposits have increased in
he banks of this city during the past
we years "a per cent.
1.-THE credit of this Municipality has
We we're paying per cent
q our city Indebtedness four years
60. Our bonds are selling At prem t.
am, At per cent today. There was
large amount OF floating warrants
our years ago, while now warrants are =
ashed on presentation. ..
as money been 1t SO low . rate on .
God securities as 1t is at the prese at
lme. Farmers can borrow all the
,oney they want on 6rst mortgages
n their farms at per cent interest, q
lille four years ago IL was difficult for 4
hem to get 1t at all. Four years ago ,
; was almost impossible for Q business
IAN to borrow . dollar from any bank G
, she city of Lincoln, while today We q
re loaninR as low Is per osnt.
"A very large percentage OF mort
ages have oeen paid or ~ least, por-
on refunded at . much lower rate Of
,terest. The merchants and business e
len In this city, almost without IN ex- q
option. are making money, and never
, the history Of the city was there . 4.
stter condition prevailing than at she
resent time" 1
Thus IL will be seen that prosperity q
fact that cannot be denied by Bryan
nd bis fellow demsgogues without ?
'nvictinR themselves of deliberate @
'lsifying. The people know they are Q
rosperous, and 10 deny it only makes G
,e blind man out fool. q
1t does not seem reasonable that
le people would vote directly against
continuance of she present prosperity, :