The daily sentinel., 1905-10-10
PASSES HALF
MILLION MARK
Mesa County National Bank Passes
the RubicOn of Half Million in
Deposits Makes Grand juno.
tiOn Western COIcradO's
Money Centre Pros.
porous Conditions
Responsible

AT a melting of the board of direc-
tors of the Mesa County National
bank this morning Cashier Orson
Adams, Jr.. surprised the official
body by making the gratifying an
nouncement that. yesterday the de-
posits of their institution had reach
ed and passed the half million mark.
an amount of money on deposit
that had been reached by no bank
west of Leadville in western Colo
RADIO. The announcement was n
source of great qualification to the
board of directors then in session and
Cashier Adams was congratulated on
the condition of his deposit account.
The amount exactly was $5O4,252.-
81.
In an interview had with Cashier
Adams on the matter by a Sentinel
reporter on the splendid showing of
deposits. he had the following to
say in part as to the reason there
for:
He attributed the fact that their
bank had reached the half-million
mark in deposits to the general pros
perity of the people of this valley
primarily. He also said that the
fruit crop and the splendid returns
that the orchardists were receiving
dition of the cattle market: the gen
eral mercantile business of the mer-
chants; the continued increase and
savings of the wage earners, show
ing that many of the wage earning
inhabitants of the city were saving
their money, were among the direct
causes contributing to the success
of the institution in reaching the
splendid sum on deposit of a half
million dollars.
Mr. Adams said that he had every
reason to believe, when piled with
the question whether he had any
reasons to advance why the condi-
tion of prosperity should not he main
tanned, that it would continue
throughout the year and for much
longer period, so long as we were ex-
porting such vast amount of finish
ed products to forenign countries.
The large deposit account at the
Mesa County National bank was
widely distributed and the sum did
not represent any large deposits. The
clientele of the bank is scattered
throughout this county and Mr.
Adams says such has been the case
with the bank for many years, which
is a matter of satisfaction TO the
bank officials who much prefer small
accounts widely scattered. as repre-
senting a large banking field.
OF this vast sum of money there
is held a splendid reserve at all
times The present reserve Of the
Mesa County National bank being
approximately GO per cent. of the de-
posits. When it is considered that
the national banking laws only re
quire 3 per cent of their deposits
held in reserve at all times. the
amount of the Mesa County National
reserve is an evidence of most con-
servative banking methods.
When some thought is given to the
half-million deposit held by the Mesa
| County National bank and the splen-
did show in deposits held in the
other financial institutions of the
city, il simply emphasizes the fact
that this city is now and Will
continue to grow more so, the
financial center of western Colorado.
The condition of the banking affairs
of all the monetary institutions OF
! this city is such that the whole peo-
pie are Interested parties and the
condition of each of them spread
abroad will simply prove the claims
( of this city to being the commercial
and financial city of western Colo
I rado.