The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-02
Comments on the Reports Made by National
Banks During the Year.
Several Recommendations Are Made as to Legsla-
ton and Especial Stress Is Laid OF an Amend
ment to the Gold Standard Law


misa"n to congress The report starts with
detailed statement Of the resources and
liabilities Of the National banks as shown
by the five reports Of the condition made
IN response 10 the call Of tho comptroller.
In commenting ON this statement. the comp.
troller rays;
me authorized capital stock Of tho 1870
/ National banking associations IN existence
| October a. 1901 was SGG3 - (. 1913. which Is
a net Increase during tho year Of $40. ri.
~" lReFe was an increase IN capital
stock Of S21G7i, 200 by banks orgonl2ed
curing the year Including $l2o0OO newly
organized associations which Increased thoir
capltai STOCK to that amount subsequent to
the date Of organization The associations
Wnlch were in existence on October 81,
1900 Increased their capital stock during
lae year 10 the extent Of S2lsl5,O00 There
| was decrease Of capital stock OF 50 OiO, 900
| pF voluntary lquldations. This amount
includes the capital stock Of bauks which
nave not yet deposited lawful money to
ieuie their circulation and withdraw their
| uonus, inc accounts being Stll carried ON
/ !aG DOORS OF THIS office During Tho year
! thirteen associations, with rupltaI srnrk nf
/ Nl,ObOmi were placed Ina cburge of no.
/ rciNetS two Of which however with com
! plhtn capital stock OF 100000. were proved
! 10 he solvent and permitted to rcsutuo busl
/ ness, leaving the plumber and rapitaI stock
/ OF lnSolveni banks for the yeur eleven and
HL'up,uVo, respectively There was . flr.
/ lber loss VI capital stock of S3,Tag roo by
{ the reduction OF capitnl stock or active as
/ Sorlaiious, OF the 80 associations placed ia
/ o"'un'hCS uqulgauon - were sp oocded by
I or hmalgamalcd with other National banks.
J u were absorbed by State buuks or trust
/ companies and II liquidatcd for the pur
pose OF winding up their affairs
II .t..tH
/ creased from 30t2 on December -, 1900
/ 10 III on September 30 1901 Tho aggrc.
gate resources OF the banks on the latter
/ date reached higher point than ever be
| fore In the history Of the National banking
| system, namely, $J,695,31i. 30i06. am IN.
| crease since September d. 1900. Of SG4T.
! -pS, 40 10. Each successive report during
ile year shows an Increase In volume oR
| loans and discounts ON December l3.
1900, the amount ot assets Of this charac.
ter aggregated s.. 7OB. 5St, 643 30. and on Sep.
crease since The report on Scntember D.
1900 Of SSSls56,275.sS.
ON February H. 1900 the date Of report
nearest 10 March IA Of that wear, when
the act was approved authorizing the o..
sue Of circulating notes to the par value
Of bonds deposited therefor, bonds for that
purpose were held by the treasurer OF the
lMNed states In trust to the amount of
S23b.2s8, $40 on December 70. 1900, the
amount had Increased 10 S3OG,G22 $50, aA'l
on September 80 1901. To X82p 3T1 $40
mcut deposits increased from Slul ll4, so
on December ~, 1900 10 Sl0T lOf1Oo on
september 30, 1901, The total tnvcstmnct5
ot national hanks In government bonds ON
December IS, 1900, amounted 10 S4lSuBl
20 and on September 30 1901 Ia $4ii.
ON FEBRUARY 10, 1000, the aggregate
amount of paid I'm capitol OF 1904 banks
reporting was SW&oSLi65 by Dccrmnp.
u, 800 with an Va rcoso of banks to dAl2
thcte was an increase Of capita to S6}@
85S+o5 A. date of last report from the
a-2l banks, their paid 10 capital stock Ia
shown 10 have been SGl1&ll $50. COM
capital stock has ipHcascd slucc That date
and NET undivided profits of the aS~ogjt
lions ON September 80, lout Wrr, N-T9
or approximately an amount equal TO two.
thirds OF the paid In capital stock Since
, September =, 1900, the outstanding cir.n.
mtlop of National banks, as shown by tho
reports Of condition, has Increased 40 the
sum Of S3N,Hli, 0b6 staining ON september
49, 1904. AZ S323 sd3,a9I,o There Is sun
converted from state banks circulating
of $5Ls7Aj0
National banks held the greatest amount
Of individual deposits during the existence
OF the system on july Ia. 1891, namely
- N4i NGI 4HS IT liabilities 10 dcpositols on
h2lNS, and Mt date OF last report - ,@'
1JE 2}3 80, decrease since July IL, 1901
. nf SiOSi. 1886 a, but an increase since sep
, trmhcr $ 1900 81 500, j04, C7a,S0
Government deposits on September 30
1901. showed an Increase over the amount
held On December Is, 1900, NJ SOB 4i5,E2 20
the aggregate held on the latter date being
SOL, i0S TTtN3
The net amount of liabilities Of National
hon6ug associations on september 30, lNol
90. uhlrE ps"iNr was required, aggregated
ta.ltl.t 4, the reserve required l4'.n
ON upu. If3GTThI and am0nut held
, cl.0l2,2, .,.- Z, og 27b5 per cent
"hr ,ompcsition % this reserve was "a
follows ...,.-.
, Legal tender notes ...,.. l5lols,I!l q,
nue from reserve agents .... 41ot3S,'ll'' -,
! Redemption fund With the
treasurer q the unued ,,.., -.
The rctundlns ciause Of the act u Nar,
~, 400 resulted In material cnahS' BY
the class OF bonds on deposit with ~,
7 treasurer OF the Iptcd states, in tuS
as security for ,Eatlosal bans cr,ul9otoa
Increased 90 1929, S3S ,030 an OF which, WIFE
Che exception Of ahoUt 4 per cent, con
sIHcd 81 2 por cont eonsois ~ 1850
cul-;iuu NJ National banks amounted %
5 $500 SJ2.Tll, an increase Tor tho year of
t2S2l9SiT aud since the nassayc Of ih'
{ R't OF March Is, 1900. NJ SiUd, NlN $50.
The comptroller has prepared tables show
Ing the aggregate resources ~ National
state savings banks private banks aud
? loan ana crust companies from reports
sources The result ct This Investigation
shows the existence of l20T2 hanks Of al
kinds 10 the country With an aggregate
: rapital Of Sl,l3S, O4-l3A, surplus aud uudt
vlded profits " SGSS, 4Ga.oQo Hud S2iON'1,.
253 respectively, deposits. SS,GlS2N5. mos
and loans aud discounts SBtHls d3NI}S.
Those consolidated turns are presented
in detail for each class ot harSs 10 caca
State and geographical division. ANA 7.l
banks II cach class On geographical divi
sious aud Ia tie United states, In the New
England States thrro grr shown to %. 10
operation. by these returns. ilu3 banks.
| With deposits nggregauus Sl.5ll Don M.
and oaus Of Siit2l56,iAl Ina the East'
! ern States the returns from iii hanks
show deposits aegregsting Silot. lt2,ojo
and loans OF S2,SL4I9TU. Thr excess
~ deposits over loans in this geographical
division ana In the New England states Is
due TO large Investments In stocks, bonds,
and other securities by savings hanks
The deposits In banks In the southern
states amount 10 1901 sos, iiS and loans
10 SOB 1881; IN the Middle States DO.
poslts aggregate SiT2ooT3aSI and loaus
81. h9O,09A S94: To the Western States the
deposits IN the banks sre shown 70 he
S2043S8,Sla aud the loans 1929, 665 06i; ia
| the Paclbc states deposits aggregate S4l2,
b8i s52 and loans $3.50 l9S.is
statistics were obtained On the same
lines from one National three other incor