Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1905-12-16

a Ia
banks for the current year as
l SVEN peloW shows a sratifvipa
advancement. Though the total,
on the face Of the returns" are nor M
to what they were last year. this f,n
ing behind is apparent rather thao
real for the large figures OF the Wells
Fargo Banking company are NOR In ~,
table as the company has gone ONT a,
the papbln6 business and their renrs
sentatiVes IN this city always nelud.
ed the San Francisco and Portland a.
uIes and made no segregation oP ~,
SAT- Lake branch as apart from NJ,
other two houses. That this bas n,aI
a large difference, will be noted fro',
the fact that from the total of oanita
1eVo'ooV has disappeared from the Ilst
linen from the surplus and undiyidsa
prohts is taken some $4,000, 600: fron,
The deposits, $4,000, 900; from tho
loans aud discounts. $4,000, 900; In.
Yestments, 100000; and from the
cash resources, s5,5O0,OO
This year witnessed the elimination
Of the Wells-Fargo bank, last va,
saw the disappearance Of the Schettle,
pahk ana the year before that ina
banking house of Il. X. Jones a ~
wound up its affairs. Whether The now
year VIII witness the disappearance q,
another bank Is problematical.
The figures of the following tahls
are taken from the last public state
ments of the various banks at aboni
tne same e. last year and tho C-owth
o. tae cefpsi,5 ~ particularly g.a.is~,
.Ag' A Impartial c5sa1 c=.l9a ,,5ll
be to deduct the Weils-rargo depog.tl
of 1904 from the total of that wear
which would bring them down to less
than S23O0O,000 showing a gain thI,
year under that head OF about S5,500.
900, The loans and discounts would
show, under the same arrangement. or
increase of about s2,500,OO0. The cash
resources last year were Sl5.25O.0 coo
the Wells Fargo figure included beina
S5500,000. so that the latter being cut
out the increase would be about ST.,
100000.
The National Bank of the Republ;
increased its capital stock the current
year, to 100000 and the Walker Bros
bank increased to S250,000, or 500 GOO
and $4,000 respectively. As usual Nc.
Coruick & Co. lead IN deposits, thelJ
figure being over 100000 and with
cash resources at nearly $4,000 600
Local bankers look for steady advances
in our total of deposits from now on
and with the building up of the great
est smelter interests IN the country al
GARFIELD the construction OF the West
ern Pacific road and the movemant this
way OF several other great trans'cl!-
tinental lines, the expectation Is cer-
tainly warranted
Money has been easy through -
year at reasonable rates of nteraat
In spite OF the eastern stringenCG
most encouraging sign for all who
wish to see the financial Independence
of the west secured. The demand for
money has been steady and heathful
for Investment IN promising enterpris-
es. and there does not seem to have
been amy trouble in furnishing collater-
al for loans. The National Bank Of
the Republic has doubled and hand
somely decorated aud equipped ,,i
quarters. and the Walker Bros. bank
has planned to remodel its Main street
front so as to make a more Impressive
appearance. The Deseret National
bank has removed It's directors room
TO the rear of the main banking room,
and the Deseret Savings bank has
found it necessary 10 enlarge its office
quarters to accommodate increased
business. Salt Lake Is becoming more
and more a great banking center and
the rise and fall Of the flna1clal 'ide
IN Wall street no longer affects th1
local banking pulse, The table show
Ing the condition OF the banks for the
current year will be read with interest