The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1901-08-09
OUR NATIONAL BANKS.
THEIR RAPID INCREASE UNDER THE
NEW BANKRUPTCY ACT.
! COMPARATIVE STATEMENT
Comptroller of the Currency Dawes
shows by Treasury Department
statistics the Wonderful Growth OF
the National Banking system since
the Passage of the Act or March
II. 19OO-The Southern states Sec.
ond I'm This Increase.
oud in This Increase.

Washington. August 5.-Mr. Dawes
the comptroller Of the currency, has is
sued the following statement regarding
the results OF the passage of the act OF
March If. 1900:
1.-THE impetus given TO the organiza-
ton OF national banks by the act which
became a law on March II, 1900, still
continues.
During the 16K months since the
massage of the act there have been or
zanized in the United States 665 nation
al banking associations with an aggre-
gate capital of s35.267. 900. accompanied
by bond deposit ag~gregating $1O.OO6,
200. OF these banks 457 were organized
with a capital of less than $4,000 the
total amounting to $11.882.0O0; and 2OS
with a capital of $4,000 or over, the ag-
amounting to $22.3S5,0O0- In
cIuded in the total number of ~organiza-
lions are 90 banks with capital OF So,-
100000, which were conversions OF state
institutions, 63 of which were capital
lied for less than $50, 900 and % for SoO'-
900 or over.
Viewed from a geographical stand
DOlnI. IUe IUluulS SIdlCS 1SN ~ ILL.,
total number of organizations, namely,
PA. of which 154 were with capital of
less than $50, 900 and so with capital OF
s5O. 900 or more. The aggregate capital
stock of the banks organized in this CSC
ton was $11,5S0,OO
In the southern states 159 banks were
organized with aggregate capital of
sS.453, O0O; 1O3 of which were of the
smaller class, and SO of the larger.
The next greatest number of organi-
zations occurred in the western states.
namely, 135, with aggregate capital or
$4,3S5, 600. One hundred and thirteen OF
these banks were of the smaller class
and % of the larger.
I'm the eastern states 125 banks. with
capital of STA, 600, were organized, Of
which 70 were with capital of less than
$4,000 and 80 with capital Of $4,000 or
more.
"In the Pacific states, including Ha-
wall, there Were % organizations with
aggregate capital of 81, 6S5, 900. OF this
number Is were of the smaller class
and 9 were with capital of $4,000 or
more.
"The smallest number of organiza-
lions in any geographical division was
in the New England states; namely, 10,
with capital of 81, 100, 900. Three banks
were organized in New Hampshire and
Connecticut respectively. two in Maine,
and one each in Massachusetts, and
Rhode Island. Four of the number
were of the smaller class and 6 a a
capital of $50, 900 or over.
ION March II. 1900 there were in
operation 3,617 banks with a capital
of s616, 3OS. O95. bonds on deposit to Sc
cure circulation $244, Gil, $40, circulation
secured by bonds $216,3l4 1885,, bonds Sc
cured by lawful money deposited by
banks placed in voluntary liquidation in
the charge of receivers. and those re-
ducing circulation $3S, or, 935.
On July 31st the number of banks had
Increased to 4,217, the capital to $685.
556,695, bonds on deposit to secure cir
culation to S329,34S ,430. circulation Sc
cured by bonds to 1927, 039.373, and cir
culation secured by lawful money to
S29,113. $50. The net increase in the num-
Der of banks. capital, etc, during this
period was as follows: Number of
banks 600, capital stock $43, 24S. $50, bonds
deposited to secure circulation SS4, 49,
$50. circulation secured BY bonds anG
by lawful none S101,750.173.
"Of the aggregate amour of bonds
deposited as security for circulation.
1928, $40, 430, a trifie over 90 per cent. or
$S16,025,150 are 2 per eel of the issue
OF 1880.
THE circulation of national banking
associations cache the maximum OF
October %, 1882, namely. 1862, 400, COZ,
which was S6,247, 500 higher than the
amount outstanding on July 81, 1901"