The Montgomery advertiser., 1905-05-27

vnch delegates to wear the badge of this association on those occasions, If for not other reason than for the purpose of Identification. You will moso ens Ms the wbchs Sfdse hs stimulate those of other sections to dwell in our. midst hoping beforehand
 while 1t is true that those who have rome before you as bankers of Ala bama have written in no uncertain tseT tn En the confines. just as you are writing yours. even in a greater degree will you find the opportunity to add to for the world is just now beginning to fix It's eyes upon our state, and as time transforms the future into the present. 1t will be the banker who will find 1t his duty and privilege to intro duce the thousands yet to come with in our midst to the golden opportuni- ties which we have to offer them.
 AIabnma's Banks.
 It Is scarcely necessary for me to say that the financial institutions Of Alabama have continued to flourish to mentally recall the growing sur plus of your own institution, notwith- standing lower rates of interest and and a combination of each individual results speaks of prosperity In more forceful words than l could hope to use. HLS COAOlJtOu 10 IuELutE eHl- phasized by the fact that not a single failure of a bank has been recorded against Alabama during the year. and the confidence. of the people at large continues as the best asset of our as- sociated institutions.
 Using the statements of our national banks upon those dates nearest avail able for compa rison (June 9. 1904. and March 14,1905,) there has been an in- crease in capital, surplus and earn lngs, after a legitimate decrease incl dent to two semi-annual dividend pe- riods, of s502, 59. Charters have been granted fifteen banks under the past; two have been converted to state institutions, making a net in- crease of thirteen national banks.
 An examination of condition respect ing those banks under state supervis- ion shows an increase in their work ing capital of over six hundred and s9s7S1 ST OfS From october si, iSo4, to March 23, 1905. In this comparison, allow ance must be made for the withdrawal of dividends on Dec. Sl last. or the and forty-seven thousand dollars s54f,110215 was shown in the capital crease ess 1Snt. of nine (s5 banks Of this class within the period-thlrteen having been granted state charters. and four (l) having been converted to national banks. Tn further support of better conditions, in q state whose tax val ures have increased during the last ifs cal year over fourteen ana d ndll Hnlll- ion dollars, it may be of interest to remark, that the banks have shared in this public development, as shown in the increase in deposits between the dates used. as follows:
 In national banks .. ..$2,249, ,S55.76.
 In state banks .... ..2,027. SOAPS.
 We have not been retarded in pur- suing the even tenor of our woy by any untoward backset during the year now drawing to a close Clouds may have cloaked a storm at times over this or that section. but they have re- fused to shed their rain drops of most desirable condition. and the del- uge may have been rough and rest Sess the boat of economic husbandry s was strongly built, and the Alabama Farmer with increased business sa- Raeity, is fast learning to control it's 0oT The American former is truly the foundation in our national prosperity, nroducing more wealth than any other people on earth, his product for 1904 Hive billions of dollars) being more than six times the capital Of all nat lonai banks, while for the past two years it exceeds the entire output or the gold mines of the world since Co., lumbus discovered this fertile land, or which Alabama comprises no insignin- cant part, especially from a point or production.
 The Bank and the Farmer.
 It was the uller of the sol who'