The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-10-05
The Total Resources of the Six Ma
tionaI Banks of ann
Amount to $32,SS3,S74.44.
A FINE FINANCIAL SHOWING
COMPARISONS MADE WITH CONDI-
TIONs ONE YEAR AGO.
The SoIidity of the City In
Gicated-NotabIe increases i'm
Bank Deposits.

The national banks of Indianapolis pos
sessed on the 30th of September of the cur
rent year available cash resources to the
amount of s13, 474, 1867. This is only one of
the many indications of the inancia solid
ity of the city revealed in the responses
made by the local national banks yesterday
to the call issued by the controller of the
currency at Washington requesting reports
of the condition of all the national banks
of the United States at the close of bust
ness on Sept. 80. These reports from local
banks showed the entire resources of In
d~ianapolis national banks to be $50, $50, S41.44.
BY comparison with the corresponding
report for 1900, which was made on Sept.
5, it is found thai resources of local ma
tional banks have increased 1869. 502.55 dur
ing the year. 1t is to be remembered that
since Sept. 5, 1900. two national banks have
begun business in this city, the American
and Columbia, and i'm order TO find the true
net increase of local national bank assets
during the year it will be necessary to sub
tract the combined resurces of these new
Institutions, 3,S12, sos. SO, which gives So, 256,-
1898. Y as the actual gain of resources for
the year.
THE DEPOSITS.
The deposits of the four national banks
that were in existence on Sept. 5, 1900, ag-
gregated on Sept -, 1901, $24.' 767, MS. and
on Sept. ;. 1900, they aggregated So, 0O6,-
215.55 a net increase i'm deposits of local ma
tional banks during the year amounting to
50, 761, SOP. %. Adding to this increase the
combined deposits of the Columbia and
American National banks, 81. 93,S3447, and
it is found that on Sept. 30, 1901, there were
$5,555, 1896. 20 more on deposit in local national
banks than on Sept. ). 1900.
The ShOwingS made by individual banks
are also interesting. The Fletcher Ma
tional Bank on Sept. so. 1901, had resources
of $40, 162, 125.10, ana on Sept. D, 1900, $685.
721.9S, a gain during the year of 1902, 403. u.
The resources of this bank at the last re-
port were IS. 1866. 427.71, a gain in seventy
seven days Of $795, 1919. This banks de-
posits on Sept. 80. 1901. We're 1922, 529. 10. and
on Sept. 5, 1900, SS.25S. rs, a gain of $685.
STA in a year. The deposits at the report
of July Is. 1901, were s., IA, $40 80. a gain of
$77S.1S3.27 in Seventy-seVen days.
The Indiana National had on Sept. 80.
1901, resources amounting to $500. 1921, and
on Sept. 5, 1900, $3.50, 674.6S, a gain of $6l2,-
1892 In a year. Its resources at the report
of July Is. 1901. were s7,S59, 31S. AZ, a gain of
$343, 549.4 in seventy-seven days. The de-
posits of this bank on Sept. 80. 1901, were
s6,674, 534. SO, and on Sept. 3, 1900, Sc, 296. 09S.O7.
a gain of 1913, 436. 26 during the year. Its
deposits on July 10, 1901. last report, were
1881 $500, a gain of 500, 70S.1S IL seventy
seven days.
The Merchants National on Sept. so, 1901.
had resources of So, 3,075.7 rs, and on Sept.
>, 1900, $3.50, S67 "a, u gain of 1924, 20S.27 In a
year. It's resources on July Is were $685.
955. 60, a gain of $120, 120.10 in seventy-seven
days. This banks deposits on Sept. 80,
1901, were s., 49S, 9S0.22, and on Sept. 5, 1900,
81. 40, 1874. 10, a gain of Sis, 794-73 in a year.
Its deposits on July 10. 1901. were s.. 342, So. 80,
a gain of SGT, 2g7.2 2 in seVenty-seven days.
The Capital National or Sept. 80, 1901. had
resources amounting to 1929. 2I4.24, and on
Sept. ;. 1900, $500, $50. "A, a gain of $729, 1913. 80
in a wear. It's resources on JniN IL lAl.
were s., 1916. $50. 80, an increase of 1888, 214.S5 in
seventy-seven days. The deposits of this
on Sept. 5, 1900, 81, 729. PAPA. a gain of $7O2.-
399.@ in a year. Its deposits on July 10.
1901. were 1896. 1854. a gain of $124, 755. 20 in
seventy-seven days.
THE TWO NEW BANKS.
The American and Columbia national
banks, having begun business during the
current year, should be treated separately
from the older institutions of the city.
When the American closed business on
Sept. 80, 1901, the date of it's last report to
the controller of the currency, it was 23S
days old, having opened for business on
Feb. 4. Its resources on the S0th of Sep
were $2.62S, S4S.OS. and on July 10. the
date of it's only previous report, 81, S3S. 1864,
a gain in seventy-seven days of $3.50, 232.
The deposits of this bank on Sept. 30 were
$l,995, 1913. ~, and on July 10 $1,2l3, 225. 03. an
increase in seventy-seven days of $7S2, SOS. so.
The American began business with deposits
aggregating 1855, 81. 10.
The Columbia National is the youngest
bank in Indianapolis, and It's report of
Sept. 80 to the controller of the currency
indicates that ii Is a healthy infant. On
the date of that report the bank was just
119 days old, having started on June 3. 1901.
The latest report shows resources of 81, 1884,
160.75 which, compared with the resources
of July Is, 81, COS. S04. 20, shows a net gain of
$75.356.4 AZ in seventy-seven days. The de-
pOsits Of this bank on Sept. 30, 1901, were
$197, $40. 10, and on July Is of the current year
Sal, S54.26, a gain of SIS. 1854 in seventy
seven days. The Columbia's deposits on
its opening day were sos, 300.