The morning Astorian. [volume] (Astoria, Oregon) 1899-1930, 1904-12-09
ARE ALSO GROWING RICHER
France 10 the Only Country Having Z
Greater Circulation Per Capita
But Has Net Our
Resources.

second report or the controiier OF ths
currency starts with a detailed state
ment Of the resources and liabilities
OF the national bank. as shown by the
1--WE reports of conditions made In re-
Spouse to the call OF the controller. In
commenting on this statement the con-
trollsr says: "The number Of report
ing banks has increased from Sis on
Nov. II. 1908. to 54i2 on September s,
1904, and there has been gradual in
crease during the year Of the aggregate
resources Of the associations from So
$40, ,4ss.sss on September .. 1908 to ss,-
s7s.ose.5o4. the increase being $685.
s5s,5s7. with the exception OF the
United States and other bonds on de-
posit in the treasury department to Sc
cure public deposits and the holdings
OF silver and OF legal tenders. there
has been an increase in every item Of
resources, the principal increase be-
ing In loans and discounts. amounting
to 244.7o4.s47. or from ss,4s1. .4i6772
to ss,72s.l5l.41s. The increase in
bonds on deposit to secure circulation
was sss.sss.sso: other than holdings Of
specie. including coin certificates s1O7.-
1s2.7s7.
Bank Holdings.
The banks holdings Of specie and
legal tender notes on September .. 1sos
were s554.sos,02s and on September s.
1904, the were 1861, ,45e.52s.
The paid in capital stock has grad
uaIly increased since September. 1908
from s75s.722.s5s to s77o.777.s54. or an
increase Of s17.o55.1ss. The surplus
and undivided profits aggregate $685.
IsT.047. an increase Of s2s.7s5.5ss dur
ing the past year. The deposits of the
banks. individual. government and
bank, amounting to nearly rs per cent
Of the total liabilities aggregated s5.-
130,235, $40, a net increase during the
year of s5s7So4,sss.
The law requires national banking
association located in reserve cities to
maintain a reserve of rs per cent on
their deposit liabilities and banks To-
Gated elsewhere, reserve of Is per
cent On September s. 1904. the GEN.
tral reserve city banks deposit liabili-
ties were si.s4O.72s.ss5 and the re-
serve held 27.2s per cent; other re-
serve city banks, with liabilities Of ST.
l55,73s,S05 held reserve of 25.39. the
average for all reserve city banks be-
ing 3s.4i. On deposit liabilities Of ST.
s04,467.i17, the country banks held an
average reserve OF 17.21.
The aggregate deposit liabilities Of
all NATIONAL banks amounting to ;4,-
4oo.es6,4ea were protected by an aver
age reserve NJ sa4s per cent.
Few Failures.
During the past year 20 nationai
Banks, including one heretofore invoi- !
untary liquidation, were placed In the
charge of receivers. Six Of the associ-
atiops, however. have been restored to
solvency and permitted to resume busi-
ness, the receivers being discharged.
Eight Of the failures were due to
fraudulent management or dishonesty
Of the cashiers.
Within the past IL months the af-
fairs of IS national banks, heretofore |
placed in the charge of receivers, were
fully settled by the payment of final
dividends to creditors leaving 73
pending trusts.
Statistics relating to the aggregate
stock OF money in the principal coun-
tries of the world at the close Of the
calendar year 1908 have been received
and compiled by the bureau Of the
rnint. from which It appears that the
aggregate is 312,313, 100000, the amount |
OF gold being $S,s2S,2Oo.O0O of which |
$685.. 100000 is held in banks and pub |
lie treasures. $2,52s.0oo,ooo being in
general circulation. The stock Of
silver aggregates s3.201, 400, 900 of which |
s1,26S, 100000 Is full tender" and the |
remaining ssa2,7OO,OO limited tender.
Uncovered paper currency is stated
as amounting to sS,47S,5OO,O 900. OF the
total stock of money in the world, s2,-
500. 200, 900, or approximately one fifth,
is held in this country. The stock Of
gold Of the United States, 1890. 400, 900,
is greater than that of any other coun-
try and is nearly one fourth Of the
worlds stock. The amount Of silver
is se79,2OO,0OO. The per capita circu-
lation Of the United States is 1910 and
is greater than that of any Of the
principal countries Of the world except
France wherein it Is stated $4,000.
The circulation per capita of the va
rious kinds Of money in the United
States is as follows: gold s15.26; silver
1886 and paper $e.17.
Banking Power.
The banking power Of the United
States, made up Of the capital, surplus
profits, deposits and circulation of
banks of the United States and island |
possessions aggregates s1,s2s.OOO, 900.
From the latest and most reliable