New-York tribune., 1901-12-30
BEST SHOWING SINCE 1865.
STATE BANKING DEPARTMENT SHOWS
s5Opp0OOo INCREASE IN ASSETS
OF INSTITUTIONS.

states that Notwithstanding twelve banks went
out Of the state system in the year the com
hired resources Of which considerably exceeded
those OF eight institutions organized in the same
period. the quarterly reports OF the same oahhs
submitted the department in september sho"e"
an Increase Of assets compared with the same
month In the preceding year amounting 10 o'el
SO .oo9.0O9.
This surpassed any aggregate except that OF the
June Immediately preceding which this class ol
institutions reported since 1855. This record MI.
KiIburn considers significant than any merely
general statement Of the average soundness ana
prosperity Of The state discount banks OF TINS
Srste. Mr. Ki5urn continues:
The nuuoer Of discount banks under the super
Of which. ncweter, three had not begun business
On oeDtemher T. as or %nlen odIe % gdo ne SIosed at
the close N business on the day nameo. Inc aS-
cleeste capital OF the banks reporting was $Zs-
= 80 anu thor combined surplus and undivided
TTJuts were Szsl76.i6s Ihe caplaI Oh @ tne IN Ires
banks which Gld not report on the date named was was
sz5 The aggregate resources % me iy nF So
ss7.o5s from the corresponding date in lSe .,,,
lne Controller of the Currency has courteously
corresponding stieilsiitt ii , 4 ,beSe instiTu-
banks in this state Ihe numoer on S aneSe iesp
were reorg aI,izati6ns and the number closed was
by voluntary liquidation; Ihese ngnres 40 I .'
INCLUDE the Seventh National Bank OF New G oIh'
which appears 10 have been considered py tne Co
tIoler still in the system on seP'eoep SV
curious circumstance that, whereas nNc OF the
are Iocated in NeW-York City ali but two of the
sixteen national banks are in small DiIiagfs, VIZ t
other New-York city institution The sec c9moined n
capital OF the eight State banks is SS6oel and
OF The sixteen new national banks only S7J00N The
whole number OF national banks in the stag 8 Is
combined surplus and undivided profits amount
ing sg 792 s The aggreGgats ga o OF the Of
ei74, ,2S7. ~ from the corresponding date IN l9c
TRUST COMPANIES
,r,.. , s,,-,,. ,-,,et cor,naries on September 80
under the supervision OF the department, fiHe i've
Sr9d sds gear and sixth few days later only
was no organization certificate OF trust company
nled with the Superintendent Of banks IRON H Ine
city of New-York during the year. but In DeceIn.
Der of 1909 the Bankers trust company, o. G 'Se tS
Epring of 1901 the Trust Company OF New-nork
r issoGton on The Holiand Trust Company, which
has taken little new business IGr SeeeEai era ST Tbs
years record in this respect is almost Guphcatlon
Of that Of If the & pry9ns ny tendency gp to the
number OF trust companies in New ork Olty, dP
2c sftntion in cities of the third class and
in villages. The IDEA OF such PetIt3!leLs !tLs
under company charter may De n s
more proftably and "tn W1oer bank II is
frue that, under the law; there Is supstanutalt!!
issue Circulating notes, that could not be done @ also
by trust company But II cannot ne eoeDoe9 inat n
of the law for the formation Of trust companies
onI1 and II has been my disposition TO refuse ap-
proval OF a trust company organization eeruneaIe S
was no likelihood that such an institution would
be able TO secure any conslaerapISe S 9tust bod ON
crate almost or quite exclusively as bank:
.atioH .S and earnngs Of the trust companies are
those reported by them July l. !s9l ti when , rnen
sSd nayded profits g: @ 5 I rs so The Te eapisa5I pis5 g hut
VAS Larger by $4,000 than on January l. 1901 while
The gain IN surplus had been BEE n, more @ III than 1900 SoG
Total resources July were ss6s SIS Sss and their
egossts q @ Ss $50 @ m heF or s25aass mo2e tS than IN
the corresponding period in the previous year and
thses. hs Which % IS an Increase Of only
@ SSsb tse SO pet aeP eT the IN the half IN 1907
than in 1900 The net profits for the half year
20 az tbe copans or to traction
over per cent on their combined capital surplus
and undivided profits.
SAVINGS BANKS.
No new savings bank was authorized during the
inr year ana s none closed the nuloer OF these ihst
While present conditions NAV not seem to en-
courage the organization OF more savings banks,
the continued prosperity and increase OF business
be Counted upon caref1iiy and adequately re.
st5eted by law IA as to the vest tents they may
ever be large. while the service they render, and
Date result IN continually increasing deposits. From
1 ls to JSly 1. M 6 these deposits 3 INCREASED @
responding M period Of the preeedng year and the
$3.50 2i2 and this notwithstanding the heavy with
drawals during few weeks prior to the Presi-
possible result Of that aP Contest As rule the the
deposits aggregate more from January to July than
IRON July 10 January, and in consequence 1t is not
70 be expected that the January reports. due.
witt aT noted tof the GT 4st 's ax Months
burden so1ntn o $1,000 eDaf'sa of 500 S 10 1 YEAR %as
Fixed upon the savings banks making their ex-
THIS enactment has been regarded by the officers
OF these institutions generally unwise even from
Own as oppressive and unjust. it will not prove
State 1t should be as final settlenenf of whst
is 10 be its policy regarding taxation these in
stitutioTns Upon the other side the banks should
sioeratey imposed after long consideration and ex-
sustIye M hearings as part Of the States system
1sT which belongs 10 good citizenship dictate sub
nnlsson TO H. without undue effort obstruct it's
TO evade IT, The narrower consideration of self
direction for in seeking 20 avoid some norton az
the tax there might be danger Of provoking Ieeis-
lation stin more stringent and onerous
hounds Of moderation that not q ten "ifain Tsans the
ever hss the states system of building and loan
larger possibilities of benefits.
TOTAL RESOURCES.
The total resources of the institutions under the
supervision OF this department. as shown bI, - ba1
reports as Of the dates stated are as follows:
Banks ot deposit and discount September r.
Savings bsnks Juv l. 1901 s49S 4oS d7s 81
Tlust companies, July l. 1901 ......... asS 52s sos
Safe deposit companies. July 1901 ..' a. 'S9,
Building oan sssosstions January t'I ''o'o'e2o
i'" 1858, 1877
Total 545 soI, ,s21
The gain the previous wear is... s2ss 500 ,os
And since January / 1896 the time became
Superintendent Of Banks sl.oO4. .524 s55
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