The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-04-28
SALT LAKE BANKS Z
FULL OF COIN
Sixteen and a Half Millions
ON Deposit.
THREE MILLION MORE
THANA YEAR AGO
Increase of 5000 in Number Of
Depositors.

The people OF Salt Lake are ,pTosper-
ous. That fact Is demonstrated 10y the
present condition Of the banks. There
is not one of the banking houses OF the
city but what shows a marked increase.
not oily in the amount Of the deposits,
but In the number Of the depositors as
well Last year was considered a pros
porous year. one of the, best from a.
business STANDPOINT that the city had
ever had; with a large increase in
every branch of legitimate trade ana
no business failure of a size. to make
ia general. The present year now
promises to cast last year completely
into tho shade.
There is no better test Of business
conditions than that 10 be found ia tne
conditions OF the banks through whieal
the business is done. The fOurteea
banks doing a generai business in Salt
Lake show an increase "a deposits Of
over $1,000 600 as compared with a year
ago, aud an increase OF more than 9,5G0.
uepOsitCfs.
Figures from Banks. =
An effort was made TO get the figures
as near aS1rate as possible and Tor
this purpose a visit was MADE 70 every
bank IL the city. II was foundrthat the
actual deposits a year ago IN roaud
numbers were $13, $40 900; this year .tAey
are S16.50O 600, showing an increase for
the year of SB.I6O. 000 The number of
depositOrs it was difficult TO get ac
curateiy. The figures obtained show
43..A depOsitors this year. compared
with 3S.05S for last yeaF, showing an
Increase for the year of 5000 These
depositors do not include those who
have nancy deposited in the different
banks on. certificates Of deposits =, onl 2
those who are running open accounts
were considered. OF course Jhe great
bulk OF these depOsitOrs are working
people who have small 1accouf Is in the
savings banks, all of which make tine
.shOWings- The Zion depOsitOrs in-
creased from z4.9S5 to 27,77O; the Des-
eret from ,. lbs 10 1912; the Utah Com
Savings & Trust from 1850 to 1000
IA ell these calculations the Wells.
Fargo x Co bank Is not included for
the reason that the local business of
that Institution is never segregated
from the business done by the same or
ganizotion in other cities, but as il IS
one OF the important banks OF the city
its figures, could they be obtained,
would add materially 20 those given
abovs4 There is no doubt that that
crease OF business shown by the other
hanks oe the city. ser Ffsl. r~ -fdts
NtrCornicls bank still stands at the
head Of the list with S3,s00,gg0 DEPOSITS;
the Zion next, with SE.6SS no0. the Des-
cret National next, with S1.e09.06es the
National Bank OF the Repubiic next
with SIT 1000: the Deseret Savings
next. with 81, $4,000; Walker Brothers
next, with 81. 100000. All lie others fan
below the miTliOn mark Hk
There was neSer u time in the his
tory OF Salt Lake when the importance
of the community as a financial. center
was SO clearly demonstrated as at this
tinles and vet this is the slack time
With the banks. befors che returns front
the wool clip Nave teyt4n to come in:
hut with S670O00 coming in e6ch month.
10 dividends from the mines and other
large sums corning in as dividends fFsm
commercial INSTITUTIONS there IS moth
ing that can prevent the growth Of the
city as q financial center slu. !.