New-York tribune., 1900-12-05

On each State and Territory is follows: Pennsyl
NeW-York and Oklahoma, l5 Indian TerritG9Ty H. ~
Ne6raska 1s MRneso'RR Rentacky and Kansas 7;
west Virginia and wisconsin, Q; C9nneeshTips hi NIS
| i@an Missouri south Dakota. Colorado and Call
fornia g. North Carolina, Georgia. Alaoama; A. Wy
chusetts' Delaware. South Carolina and Ten
The outstanding circulation Of the banks insTe9ssd s
SIS 2s 72-that u.s. from s24 sos on June S1 ISSy ~
tS the sS8 sie9 Safe Sn s2 g @ was secured BY bonds
and s4ss1 by deposits OF iawIui On scconnt Of
lquidating and insoivent ASSOCIATIONS anu 'iOSe
TSe Capital Of the nine insolvent banks placed in
charge Of receivers during e the the Xsay
Cations placed in liquidation ss47ss59, .r. rs
ceived from 37S2 National banks, with resources
aggregating 81 94165 623 81, an increase since yu
na lS sr0s 0t snds Of me banks June % 1900
amSuntsa 20 :sz s IS and e s2s s "a s % TPfSS S. PThe
deposits show decrease OF s64O6l75l SO since June
So @ as Tas pror S xpr m 1872 5y yepos savings
banks and trust Companies were ineuae1 ~ en- M
hibits an increase in bank deposits which included
vngs a 5ece osnss ses ana arqresaed ts1 C which is
Ss0S S5I IL less than the amount IN nahk On '"Ae
NATIONAL BANK CHANGES UNDER THE FINANCIAL
ACT OF 1900
since the new law went into effect, and covering
the period from March II TO OCTOBER 81 ss ~ I, 1e
Controller OF the Currency has approves SS JPP9 PsS9
were for banks with capital OF less than S5OOoUs; W
and l27 with capital of $50o00 or more: Elghty OF
the applications from State banks Proposed
TO be converted under the provisions or sectioh
5l54 Of the Revised Statutes 17S from State or
private banks proposed to iquidate for the purpose
of reorganization under the National BANKING law
and 25s from those contemplating primary organ
iZations.
Since October 81. 1899, ssS banks. with an author.
lied capital of S20O2S,Ooo have been chartered OF
which 34S completed their organizations oetWesn
March IA and october 81, 1900 Sixty-two OF the
banks organized since March IA, with capital ag-
gregatng 900, were conversions; i& with cap,
ital of s. 56O5,000 reOrganizations of State and
private banks. and l6s. with capital Of $4,000
primary organizations. Two hundred and forty
nine of the banks organized since March II were
with capital of less than $50 OOO the great majority
being with the minimum amount required, namely,
S25 csc the aggregate capital being S6,57500, and
80 with capital of $4,000 or over. the aggregate
capital for this class being S10.90OOOO. Bonds de-
posted by both classes amount in the aggregate
to S. 34S2 200 only about 80 per cent OF the maximum
which might be deposited
The provision which authorizes the organization
Of National banks with a minimum capital of
$25 600 in places exceeding 1900 in population.
W hile formerly the minimum fixed by law at
$4,000 for capital in places not exceeding 5000 In
habitants has enabled many Of the remoteF sec
tions and smaller communities 20 secure necessary
banking facilities.
The amount OF outstanding circulation, by denom-
nations, March 13 the day prior TO the passage
Of the financial act and on October 81. 1900.
foil