Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-04-24
GREAT DEVELOPMENT
Shown in the Increas in thee
South
OF NATIONAL BANKS
NEARLY DOUBLE THE NUMBER
FIVE YEARS AGO. 49,
Other Sections, Except the New Eng
land States, Also Show Crafty
ing Increase.

The great development of the south as
banking center is shown by the last report
Of the controller of the currency. This
report gives an abstract of the condition OF
the ma tional banks of the country on March
IA, 1908, at which time a call was made
upon them, in accordance with law, for
statements of their business. This shows
the total number in operation at that time
to have been 5,oS7, against 1904 February
Il, 1900, a month prior to the going into
effect of the act of March IA, 1900, which
has had SO much influence in extending the
banking business, permitting small banks
to be organized in small communities.
The growth of banks in the different sec
tons of the country is clearly brought out
by the figures. February IL, 1900, there
were in operation in the six New England
states 565 banks. March IA of this year the
total number in operation was 80. This
is the only section of the country that
shows an actual decrease in the mum Der
of banks in the last five years, but the facts
show that there has been much conso ida
ton of existing banks and that the banks
now doing business are prospecting. despite
a reduction in number and capital stock.
Five years ago the total paid up capital
stock of the New England banks was $l39,
525S20 while at this time the total is $113,
64S,320. The individual deposits We're s322,
=.
increase of about $44 100000 in five years.
good sign of prosperity among the people
of that section. The total loans and dis
counts are now $412 .S65 2i3, while five years
ago the total was $4Ol, l47 ,929.
The Eastern States.
What are classified eastern states are
New York, New Jersey, Pennsylvania, Della
ware. Maryland, District of Columbia
There were $40 banks in operation in these
states five years ago and last month the
total was go. The greatest increase in
that time had been in Pennsylvania, where
the total had lncrea Sed from 442 to CO.'S New
York being from $50 to 374 and New Jersey
from 100 TO t56. But the immense amount
OF money invested in the banking BUSH
ness in this class by reason of New York
can hardly be realized. Five years ago the
total loans and discounts We're 81 ,O67 $50 09S
while today the total is 81 $50, 81 > ,46T. The
combined capital stock has gone up from
$500 ,413,0s5 to $3.50, 142, 195, an increase Of
$50 p0O, 600 in capital invested. The de-
positors with the banks had to their credit
five years ago $3.2,2, 259 ,422, while today they
can draw for 1854, 062, oUJ.
The Showing of the South.
Five years ago the banks in operation in
the south We're 545. while today the total
is 10S6. within just one or two of doubling
the total. No other section comes near
down as belonging to the south are Vir-
ginia. West Virginia, North Carolina, South
Carolina, Georgia, Florida, Alabama Mis-
slSslppl, Louisiana, Texas, Arkansas, Ken
lucky and Tennessee. In respect to buSi-
ness. the showing is equally as wonderful
as in the number of banks. The total re-
sources five years ago were $3.50, 2Go, 261. At
this time the total fOots up 1914 ,2G6, 1888
Once more it is nearly double The total
paid in capital stock was only SOL O67 800
while 1t is now 500, 100 ,S19 The southern
people need not fear the worst for while
anyway, their deposits with their banks
at this time amount to S370,JoS 431. while
nVe years ago the total was S207 So 1872, a
larger percentage of increase than several
other sections put together, except the west
With the exception of North Carolina, prac-
tically every state has almost doubled the
capital stock invested in banks and the
deposits placed with them. Virginia stands
especially well in this connection. She has
etghty-One banks now against thirty-six five
years ago. The paid in capital stock is
81 ,S61, 900 against 81, SS1 900 five years ago
and the total loans and discounts are now
$42, 33T 321 against $50, 100 $40. West Vir-
GINA had thirty-fiVe banks and the total
now is seventy-seven, but the showing of
Virginia all around is better than West
Virginia.
Georgia, Alabama and Texas make show
rgs along with Virginia. Georgia had %
banks five years ago, and she now has 50;
Alabama had q, and now has "a; Texas
Carolina had 16, and the number now Is
%: Louisiana had 13, and now %; Ken
lucky 81, now 113. Texas is the first state
in amount of paid up capital the total being
$2l 141, $40; Kentucky second with 50 $50 ,O25,
and Virginia third with $7,S6l 900. Ten
nessee comes fourth with 1873, 900, and
Vest Virginia next with $6421,0o0.
The Middle States.
The middle states are Ohio, Indiana.
Illinois. Michigan. Wisconsin, Minnesota,
Iowa and Missouri. Their banks In opera
ton in 1900 was 1853. while today the
total is 1854. Their total loans and dis
counts are now SLOTS 574, SAT, against $751;
$780, paid in capital stock. S204, $40 02O,
a ganst S159, 94S, 100; Individual deposits,
S991 III ,S31. against $685., 1896.
The Vests Fine Showing.
The west and the south vie with each
other in the percentages of increase, with
the west making the best showing in num-
Der of new banks and some other items.
The western states North Dakota,
South Dakota, Nebraska, Kansas, Montana
Wyoming. Colorado, New Mexico, Okla
hOma, Indian territory. The total number
of banks in these states five years ago was
BAG while the number is now S2S. much
over 100 per cent increase. Compare lively
the greatest increase has been in the two
Dakotas and Oklahoma. The last named
territory had 10 banks five years ago and
she now has 95; North Dakota had %, and
the total now is Sc; South Dakota had %.
and the total is 60 The total loans and
discounts $3.50, 1O1 $50 against $lOS, 199-
7O6, not as large a percentage as the in
crease in the south. The paid in capital
stock is $4S, o35,3So, compared with $50 $751;
500. the percentage of increase not being
quite great the south. In individual
deposits the total with the banks at this
time is $242, 3D. so, compared with $135-
SO .545, close race with the south In per-
a a mn her Of
new banks. the south probably has an ad-
vantage over the west, where the new
banks mostly with the minimum capital
allowed by law.
The Pacific coast states come next to the
south and west in the showing made. Five
years ago there were 119 banks on the
coast, while the total is 216 The
states are Washington. Oregon. California,