The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1901-01-30


organized in 1900. so that there are
ninety-two State banks in operation IL
the State, as follows Fifty-six unde3
charters with general banking houses.
ten Savings Banks and twenty-six Pri-
vate Banks
These banks have a capital of 81,
csc. 3S3.47 against a capital for 1899 OF
81. 307. 1897 so. making an increase of 1919
0S5.67. They have deposits amounting
to 1854, $3.50, against $6,511 640.71 for
1899, an increase Of $2163.014.79. The
total resourcf Of the State banks. as
shown by their last report, was $14,617,
1884 We have had fhe banks to max,
five reports TO. us during the year an6
have had each of them examined by the
examiners, and we have compared the
reports with each other and with the
reports of the Bank Examiners, and
with pleasure can report that they
seem to have had prosperous year.
BUILDING AND LOAN ASSOCIA-
TIONS.
There were thirty-two building an6
loan associations in operation during
the year 1899 with assets amounting t.
$2,O4O,1O4 The last report which We
have had from the building and Loar
Associations was December the 31st
1899 AS srere have been many
changes since that time it did not seem
that it would serve any useful purpose
to give the reports in full in this vol
ume They were all filed.
ut is respectfully recommended that
the law be hanged SO as to require
the annual reports OF these companies
to be filed as of June the S0th of each
year instead of December the 31st, as
the Law now Is.
In regard to the taxation cases, now
finally settled, the following figures givef
out by the commission in connection will
its report will be of interest;
COMPARATIVE ASSESSMENTS.
Atlantic Coast Line. assessment for
1898, SO, S95, 800; assessment for 1899 $l2,-
/ SS5, 775; increase in assessment of 81 oven
90, 81, $3.50 $50.
Southern Railway. assessment for 1898
$11 ,095, 654; assessment for 1899, $14713,-
$50; increase in assessment of '99 oven
'9S. $3,61S,1 1886
Seaboard Air Line, assessment for 1898
s., see, GAS; assessment for 1899, $780,
245; increase in assessment of 80 over
9S, $2.414597.
Total assessment for 1898, $26.557 1872
for 1899, $35, 579S70. Total increase il
assessment for 1899 over 1898. $9,022,67S
Atlantic Coast Line, assessment fol-
1898 SIC, ST., sos; assessment for 1900, 49,,
SIT 29S increase in assessment of 1879,
over 1885, $3,004,79O
Southern Railway, assessment for 1898
$11, 360, 29O; assessment for 1900, $150S5,
! 40; increase in assessment of 1899 ovel
1898, 1854, $50.
Seaboard Air Line. assessment for 1898
| SIS, 398, 913, assessment for 1900 $7,52105f
increase in assessment of 1899 over 1898
| 81, 122, IA.
Total assessment for 1898. $2S,571,7t1
| for 1899, 36,379, 492. Total increase IL
/ assessment of 1899 over 1898, $S,801,7S1.
| Increase, 1899 over 1898. .,.....$ 9,022,67S
Increase. 1900 over 1898. ....... S,SO1, ISL
Total increase ............s17 s24,45s
State tax at acknowledgements 1861
School tax at 1sc.. 52,Oss
Total acknowledgements 1864
County and towns fest)......s 1ol,59S
Total ..-....,...,...........$ 1924
Atlantic Cast Line, total in
crease .....,.... s........,..-,$ 5,994,67;
Southern Railway total in
crease acknowledgements. 7,293,04f
! seaboard Air Line. total in
crease .................... 4,5S6,73s
Total ..,..............,.... $17S24. 45s
Atlantic Coast Line. increase. IS 5,994675
State Tax at 25c..............$ 1896
School tax at 1Sc,. 1079o
County and town test).,..... 3417C
Total .................... 59,947
southern Railway, increase. IS 7,293,O4e
State tax at 25c,..............S 1922
School tax at 1Sc............... 1922
County and town (est) $50. Also
Total ACKNOWLEDGEMENTS 1929
seaboard Air Line, increase s 1886, 73s
State tax at 25c. 11,34l
School tax a 1Sc.. S167
County and town (est)....... 25,S6t
Total .................$ 45,36S
RAILROADS INCLUDING TELEGRAPH
COMPANIES
Assessment for 1898. ...... S33, 619, 1858
Assessment for 1899 ..... 43, III 500
| Assessment for 1900. - 43, $50, 067
PROvIDENT saw NGs LIFE
Its Present Statement the Banner Exhibit Of
Its History.
| (Journal of Commerce and Commercial