The daily journal. (Salem, Or.) 1899-1903, 1901-03-22
BANKING
REPORTS
New York Banks Show No
Great Gains
WHOLE COUNTRY IN
FLOURISH CONDITION
The Six Great Financial Cities
of Our Country Are
Indicated


NEw YoRK, March PA special TO
the Tribune. from Washington, says:
The Controller Of the Currency will
soon publish a complete statement Of
reports from all the national banks in
the United States. Az this statement
is made in answer 10 the fret call for
1901, the results are being awaited with
much interest. The time between De-
cember l3 and February 8, the date Of
the call, is said in industrial circles TO
be the dull season. But figures already
obtained from abstracts reflect surpris-
ingly large gains as compared with the
previous statement, which was a record
breaker.
The, aggregate resources OF the $50
banks in New York State, az shown by
the Controllers accounts are f206, 49,.
656, which 10 s228, 1851 less than the am
cunt recorded in December, but Is sub
stantially greater than the figures Of the
first statemet in 1900, which did not
reach the 5000, 900 mark. The new
statement shows the amount Of individ-
ual deposits Of the Empire State Nat
ional Banks, which is considered the
bankers barometer 10 be 1923, 1866, ,773, a
gain Of 81 ,834 ,4s6.
The reports Of the "A National banks
in New York City indicate that their
total resources and individual deposits
are 81, ,253. .s46S77 and 1863, l50,6 ,657 re-
spectiyely, which exceed the proceeding
official figures by the enormous sums Of
1884, ,267, 1877 and $50, $40, 1873 respectively.
The total resources Of the National
banks In the state OF New York are
shown 20 be 81 800, ,63s, ,S55, while the
individual deposits amount TO SOP, 705-
OO4.
II is estimated that with the savings
bank resources and individual deposits
combined with those OF the national
banks, the total bank assets in the en-.
tire state would be approximately $4,000.
0OO, 900 and the deposits fl,0O0, 600 600.
Flourish bank conditions exist in other
sections Of the country, where, in some
sections, the percentage Of increase is
greater than in New York.
Texas IL conspicuous example Of the
great prosperity enjoyed throughout
the south. Since January !, 1900, 90
new banks have been established in
this district, most Of them in accordance
with the act Of March IL, 1900. The
number recently reported TO the treas
ury was 2SS about the same ~ from New
York. The resources and deposits re-
ported by the National banks Of the
Lone Star State are tl26,963, 5l2 and
t77, ,457, 1926 exceeding the December rec.
ord by $4,000, ,3ls and R3,073, $50 respect
lively.
Probably the most remarkable reports
have been sent 10 the Controller by the
Oklahoma National banks, whose ab
stracts reflect the substantial increases
In deposits and resources of $l OPS, ,554
and t0i2,si7' la this territory 2l
National banks have been established
since January 20, 1900.
In Pennsylvania, Massachusetts, and
Illinois, including their principal cities
big increases In National bank assets
have been observed and the same en-
oouraging reports are made concerning
the bank statements for other states anI
cities whose accounts have been bal
anced. Judging from the general
rule oi the completed abstracts, ohici
ais predict that the grand totaloi az.
gregAte resources and individual
deposits Of all the National banks IL
the United States, including those il
Alaska and Hawaii, will exceed b,
many millione the high water mari
which was recorded December l3, wher
theresouroos we're a., ,l4e ,OSa, ,d92 aud th,
individual deposits wers t2,6t3,ea7 ,b2l
The sin greatest financial elites in thi
United States, as rsckoned by the Con
troller OF the Currency reports, rank a
present a. follows New York, Roston
Chicago, Philadelphia, rttsburg an,
~. Louis.