The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1904-04-09
Money in Kansas Banks Ex-
ceeds One Hundred Millions.
Reaches Highest Mark in His
tory Of the State.
EVERY CITIZEN $40.
This Tells the Story of Kansas
Prosperity.
Increase in Deposits In Three
Years Over $2O,OOO,OOO.

For the first time in the history of
Kansas the deposits in the banks OF the
state have gone above one hundred mill
lion dollars
A statement issued by Bank Commits
sioner AIbaugh today shows that the
deposits are approximately S1o4 600. 600,
which is more than five million dollars
greater than on September of last
year. when the high water mark here
tofore was reached; and nearly nine
million dollars greater than on Novem-
Der II last. the date of the last call
The figures given by Mr.. AIbaugh to-
day show the DEPOSITS as they were in
the state banks on March Il, the date
of the state bank call. and of the ma
tional banks on January p. the latest
figures available for the national banks.
Another call for national bank state
ment on April has been made. but the
total figures viii not be available for
two or three weeks. The reports Of ma
tional banks as published. however,
show that their deposits have increased
since the January call.
The exact figures of the state bank
deposits on March IA are $51. 2S0, 291. Is,
and of the national banks on January
94112
This is an average of $6s.ss for every
man, woman and child in the state.
As the deposits in the national banks
have increased since January % it is
reasonable to assume that the average
is now above SO per capita.
There seems to be two probable rea-
sons for the increase in the deposits.
One is that the high price of wheat
caused many million bushels of the
surplus which was stored to be rushed
to market and the proceeds placed in
the banks. Then a considerable num-
Der of cattle and hogs have been mar
keted and the proceeds have not been
reinvested.
But the business of the banks has
not kept pace with the increase in de-
posits The loans and discounts Ia5 are
just about the same as at the last call
last November. This makes the re-
serve much larger than ever before.
In speaking of the statement issued
today. Bank Commissioner Albaugh
said:
1T means that there is s69-ss on
deposit in the banks of Kansas for
every man. woman and child IN the
state. It means the people have more
in actual cash than they ever hao De
fore, and that the banks of the state
enjoy their complete confidence.
There are 523 state and private
banks reporting, an increase IN the
past three years of over 100. There
were 14S national banks reporting, an
increase in three years of %. The in
crease in deposits, within three years,
is over $20,0O0s000; the increase IN
capital is over $3,O00,OoO: the in
crease in surplus account over 81, 0O0,-
0Oo while there has been an actual
decrease of over 100000 in the
amount of real estate carried by the
banks.
'sThe most gratifying part of the
report is the fact that the state banks
had on hand in cash and sight ex-
change. A per cent Of their deposits,
when the legal requirement is that
they should have from 20 to rs per
cent The national banks had on hand
SO per cent. of their deposits, when
the national law requires from Is to
25 per cent
The following is a consolidated report
showing the condition of the 523 state and
private banks at the close of business ON
March IA, 1904, and the las national banks
of Kansas at the close Of business jan
nary % 1904.