The Salt Lake tribune. [volume] (Salt Lake City, Utah) 1890-current, 1906-08-09
Interesting Story Told In State
ment Compiled By Comp
trolIer of Currency.
VERY LARGE INCREASE IN
NUMBER AND CAPITAL
Circulation, Deposits, Loans and
Discounts, All Exhibit a
Gratifying Gain.
Special TO Tho Tribune.

Special to The Tribune.
WASHINGTON, D. c.. Aug. s.-The
national bank statement, compiled at
the office of the Comptroller of the
Currency, from the reports received i'll
response to the Comptroller S call of
June Is, shows healthy condition of
progress throughout the banking asso-
Citations of the country when compared
with the statement made for the cor
responding period of 1905, in response
to the call of May 20. There has been
a net increase in the number of national
banking associations of 3S5, and an in
crease in paid-in capital stock of S34,
562 ,554 90. For the same period there
was an increase of surplus and other
profits of $49.S72, ,15l.00; of national
bank circulation. sea, ,405. .00s,00; indi
vidual deposits, S272,2l5, ,l42.00. There
was an increase in loans and discounts
Of $307, Tl9, 10000; of investments III
United States bonds, 1868, $4,000; of
gold and silver, S6,S52, 1s6.00. At the
same time there was reduction in the
amount of legal tender of S4 1888 $1,000,
showing a net increase In lawful money
of $l,96S ,554,00.
There are in operation in the United
States at the present time 6053 national
banking associations, with a paid-in
capital stock of 1926, ,129, ,7S5.00, and a
surplus and undivided profits aggre-
eating $665, 1853, ,36s.00. These banks
carry individual deposits to the aggre-
gate of $4,055, ,S73, ,63600, and have a
stock of gold and silver of S4S5,9S7,-
256.00, with legal tenders to the amount
of $165. 5.246, ,347.00 During the last
fiscal year 40 national banks were
chartered, their aggregate capital being
l>,,t l. Nf l,
tion of 9S banks and the failure of ID,
the net increase In the number of nat
ional banks was 357
Of the 9S national banks liquidated,
36 were placed in voluntary liquida-
ton, to be consolidated with other
national banks; 46 were consolidated
or liquidated by State banks, and 16
were closed, discontinuing business.
During the SIX months representing
the last half of the fiscal year ending
June 80, about $50 applications for au-
approved by the Comptroller. The total
number of applicants for such authority
was 17l5, the law requiring that each
application should be signed by at least
five persons. or the total number of
applicants, 4S4 were bankers; 34S mer-
chants, 261 farmers and stockmen, ll3
lawyers, 81 physicians, ~ real estate,
loan and insurance agents; ~ manu-
tacturers, and the rest distributed
among the various professions and
trades. The Comptroller of the Cur
rency has estimated that at least Is
per cent of the applicants are farmers.
The percentage of increase in the ag-
gregate Of capital stock of national
banks for the last fiscal year over the
previous year was 1871, Only eighteen
banking associations asked permission
TO reduce their capital stocks. the ag-
gregate Of such reduction being 81 1885,
10000.
The stock of money in circulation on
July l was $1,000, ,SS4 $4,000, and tax
ing. the estimated population Of the
United States at S4.662 900, the per
capita circulation was S3242. The
stock of money in the United States
was distributed as follows: Gold coin
Gncluding the bullion in the Treasury
81, l,415, ,4sl, ,S2l00, standard silver dol
lars, $500, ,s64, ,S5500; subsidiary silver,
Sly ,99S, ,5Ss.00: Treasury notes of 1890,
1886, 100000; United States legal ten,
| ders, $3+6,68l ,0l6.00; national bank
notes, S56l, liz, $4,000. Thus il will be
seen that 70l9 per cent of the entire
stock Of money in the country is in
| specie, Of which 4s.07, almost half of
the entire stock, is Of gold, and 22.12
or nearly one-fourth, is in silver The
national bank circulation represents
only 1928 per cent and the United
| States notes, 11.53 per cent