Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-10-04

any merchants of business capacity
who have not very materially inn
proved their position.
A. L. Alness. president Scandina-
vian-American bank, St. Paul, Mimi:
s'This banks deposits compared with
three years ago have increased 90
per cent. estimate 65 per cent. of
mortgages on homesteads of mechan-
les, laborers and small business men
have been paid and rs per cent. have
been reduced. Money has been cheap
and abundant since 1897"
Montana.-H. H. Matteson, cashier
First national Sbank 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 our
borrowing class, were heavily in debt.
To-day, while they have not become
loaners of money, they are far less
in debt, and as a general rule are car
rying increased f1ocks.
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 81 per cent.
Never in the history of this state has
money been at so low rate on good
securities as it 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 it was difficult for
them to get it at all. Four years ago
it was almost impossible for bust
ness man to borrow a dollar from any
day we are loaning as low as five per
cent. A very large percentage of
mortgages have been paid, or at least
portion refunded at a 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 rs to 30 per cent. increase, in
GLIDING both savings and commercial
accounts. This county is rs per cent.
ahead what it was four years ago in
general prosperity"
First national bank, Fargo, N. d.:
1.-THE bank deposits in our community
show 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 1895 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 80 per cent. as compared with
conditions as they existed four years
ago. The deposits of this bank have
increased 300 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 tc
the improved condition of the
farmer
South Dakota.-C. L. Oleson, cashier
Security bank of Dakota, Howard
S. D.: II take much pleasure in in
forming you that the deposits of oul
bank as compared with four years
ago are now just 100 per cent. larger
Ten farm mortgages are now paid of
to every one that goes on record
while then -four years ago) none were
paid off, and great quantities went OF
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. tbs
change has been very marked. 4
great many debts have been paid off
and the bank deposits have beer
1o,,1,1ad -