The Montgomery advertiser., 1904-07-16
SOUTHERN PROGRESS
ANALYSIS OF DEPOSITS WITH FINANCIAL INSTITUTIONS.
Some Interesting Figures Are Set Forth By The Manufacturers'
 Record-The Petroleum ln- dustry in Texas.

Baltimore. July 15.--(Special.)- )--With | reference to the South and Southwest, | The Manufacturers Record nas made study of a statement issued by the Comptroller of the Currency under date of July 2, showing the volume of in dividual deposits In national. State: savings and private banks, and also loan and trust companies, in each State and Territory, which was prepared | from reports dated on or about June 90. 1892. 1s9S and 1908. This shows | that in the eleven years elapsed the | total deposits in the South and South west increased from S451.441.a7S In 1892. to $1.O71.376,994 in 1903, gain of s619,s35.616. or 1873 per cent.
 The total in the rest of the country was s4.21s.492,S72 in the year 1892 and $s.459, ,o52,25S in 1903,'a gain of $4.24b,- 559,3S6, or only 1905 per cent. In Ok lahoma and the Indian Territory on ac- count of the recent opening of the coun- try to settlement. there was an extra ordinarily large percentage of increase. the gain in Oklahoma being 2479 per cent and in the Indian Territory 267S per cent. The next highest gain was in West Virginia, 445 per cent, and the lowest in Kentucky, 3S per cent All of this gain. and really q littlc more. has been made since 1S96, when
 
 they were in 1892. the falling off being in Kentucky. Georgia, Tennessee, Texas and one or two other States.
 The effect of the depression result I ing from the money panic of 1893 are shown by the statement in the de- creases of deposits between 1892 and 1896; but while the decrease in the Southern and Southwestern States here covered was only a little more than l hn fall nff n West was $46,000,000; and. with refer ence to the present, it must be borne in mind that the reports of banks now being received from the South and Southwest show a steady increase in
 deposits, evidencing the prosperous conditions that are unabated through
 out these parts of the country.
 No better evidence of the remarkable
 growth and present magnitude of the petroleum industry in Southeast Texas could be asked than is afforded by the | figures showing the amount of steel and i earthen tankage which has been built , in this section in the past three and
 one-half years to provide oil storage 3 facilities.
 , A summary of the tankage completed , to July 1, 1904, Is as follows: Tota v capacity of steel tankage in Texa' fields, including storage stations or
 Southern Pacific and Santa Fe Rail I roads. 11,006,0 900 barrels: total capacit. ! of covered earthen reservoirs, 7,S45, DO, barrels; total capacity of open earther
 reservoirs. 10.940,000 barrels; total, al | classes. 29,791.0 900 barrels. representing an in vestment of $2,751,500 for stee P tanks, of $f,333,750 for earthern reser 9 voirs. lined and covered, and of $1,422. o 200 for ground reservoirs, neither GOV
 cred or lined a total investment in thi
 line. not including wooden tanks, o |, $5,507.45
 If Louisiana and the Jennings field
 ninety miles east of Beaumont, are l. :, be taken into account in the totals. tn
 figures will be considerably swelled
 for the steel tankage in Louisian /. amounts to more than 1,300,000 barrels which. at 25 cents a barrel, represent 2 an investment of $325,000. Added t ' the Texas total, this brings the gram total up to $5.S32.450.
 large part of the Texas tankag
 has been built during the past year {
 accommodate the vast output of tn n Batson wells when they were fiowin V as much as 150.000 barrels in a singl
 day. The opening up of the next Texa
 gusher field will necessitate the con
 struction of additional tankage, so
 is q foregone conclusion that as tn
 years go by the item of investment il f tankage will be increased.