The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1901-01-10
CONDITION OF
TERRITORIAL BANKS.
Commissioner Search Makes
Biennial Report Oi FiHan-
ciaI Institutions

fr.rritori. f,ant Examiner W S search
has made his biennial report to Governor
G. M Bames for the years OF 1899 ana l9o
The report shows an the banks 60 be IN
am sd.nirioie condition. but Air. Search S
statcmc1t speaks cxlucitely for Itself
Tnero arc eighth -threc territorial banks
doir1 husines. Doc Oklahoma and these
nave an aggregate capital of SuAlit3l
and .urpus and undivided profits S3ie slS9
with deposits amounting To- &,9i99io.Al'
Tho resources in c8sh aud sight exchange
aesreaatc So l0i2 2Og or So per cont OF
depoeIts Thc average of surplus and un-
divided profits 20 capital is,A per cent
Tho biennial report of Bank Commits
gionor pueh Tor iSaS showed dny-hve ter-
rtorial banks. There has therefore been
ap increase of twcnty-eight banks I'm two
wears which does not include the thirteen
territorial banks which have been nation"
allied
The Lincoln County state Bank chan
der
The Enid stnte Bank, Enid
The Cattlemen's State Bank. Mangum
The KAY County Bank Newlirk.
The Wcothorford state Bank Weather
ford
The Bank of Tcclmaeh Tecumseh.
THE saltwater state Bank, Stulwattc.
The Farmer and Merchants Bank,
saltwater
The citizens Bank saltwater.
Tho Commercial Bank, pouca city
The Bank of paNuce. Pawnee.
The arkansas valley Bank Pawnee.
The Norman State Bank, norman.
one bank. the Payne County Bank OF
saltwater. consolidated with the Farmers
and Merchants Bank. Of saltwater Two
Ihanks tho Peoples Bank of Billings and
the Eugene Arnctt state Bank of Earlooro
went into voluntary liQuiaation
! My examination OF the banh pt king
I fisher on the litn day o. August 1900
proved it to Doe in an insoiNrut condition,
aud : took possession OF it euder section
/ 9 of thc banking law lts ahiirs are now
iu charge ot NJ specie "H7 was ap-
pointed receiver hy the court ~ is eN-
/ pected that the cieiii"rs VIII realize Z"
I per cent
! 10 che extent that have been able
! 20 make personal examination OF the
! banks of the territory since my appoint
( ment. July II. 1900 | have round shem gem
orally in good condition with the eX-
! cepuon heretofore mentioned' and with
! the amendments TO the banking law
which experience and personal observa-
tion Of It's practical workings suggest 20
me a. proper 90 refer Go I'm this report
( believe this Office can be placed Ia po-
stion TO favorably compare with similar
departments In adjoining states. u ought
60 be placed In such position. as no 9TH
! cr matter OF public interest Is of more
Importance 60 the people than the prop
I err management Of the banking institu-
tions. except possibly the public schools
Our present law enacted by the last leg
islature Is patterned after that of the
state of Kansas and Is result Of de-
mand by the bankers Of the territory that
"a judicious supervision might be had over
this important branch Of business, but tc
meet the conflicting condition OF shairs
then existing among those already engag-
ed in business Interpretations We're insert.
ed not entirely consistent with sounC
banking
As am experiment the appropriation
made by the last legislature TO cover th,