Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1906-08-08
Progress Of Southern Banks
During Past Year
LEAD THE ENTIRE COUNTRY
With Exception Of Middle Western
States, South Led Ali Sections q
Union in Establishment Of National
Banks During Period From 1890 t.
isoB and Forthcoming Report 81
Treasury Department for Past
Year is Expected to Give This Sec,
tion Another Pine Showing.

| dSnlnStOn, Speclal.-Ihe DePdi =
ment of Commerce and Labor has re-
ceived report Of the cotton spin
nefs' aud manufacturers meeting
that was held In Bremen, June 25th'
This convention discussed conditions
of the cotton industry, special con-
sidsratioil having bssa gitsil tbg
growth of cotton in this country;
methods of balins; cost Of transpot;
tation, etc. This repdft #iIl bs ST
special interest at this time, inasmuch
as the two agents, Messrs. Whittam
and Clarke, recently appointed by
Secretary Aetealf TO go abroad and
investigate markets for Amefiiaisit
cotton goods, are now i'll Washington
receiving instructions iii their work
preparatory to taking up their duties
in foreign. lands.
At the Brehleli injecting there were
present a large number Of delegates
and representatives frbtl ID different
countries. Many carefully prepared
reports and. papers were read upon i
variety Of teebiliEal and eomnereisl
subjects. The question of cotton sup
ply, cotton statistics, cotton growing,
moist cotton, etc., were thoroughly
discussed.
The forthcoming annual report Of
tie Secretary Of the Treasury Is ef=
pected to show that manly national
banks have beeil established throngh:.
out the South generally during the f4;.
cal year that ended June 80. 1906,
The industrial Development Of the
South has caused many corporations
waiting to do banking business to:
secure commissions during the last:
few years, and it is expected that.
when the showing for the year just
ended is made it will be a good one:
The report willsalso show what banks
have been made governme nt deposiS;
tories sineestheelastz fiseal leargs deds
From M:6ere-We l5aa & 2
Southern States d total Of s 7lna tom;
al banks, employing a capital Of $685..
sol 500. These were: The States Of
Virginia, which organized 81 banks
with capital of $2,576,OOO; West
Virginia, 49 banks and $a,6O5, 600.
capital; North Carolina, % banks
with $96O,OOO capital; South Carolina
ten banks with 100000 capital !
Georgia, 40 banks with $2,l43,O0O
capital; Florida, 21 banks with ST.
$4,000 capital; Alabama, 45 banks
with $2,252,50O capital; Mississippi,
Is banks with 81, ,455,OOO capital ;Lou-
isiana, 20 banks with $2,6S5,OOO cap
ital; Texas, 23s banks with $l2,565,-
600 capital; Arkansas, % banks with
S., 100000; Kentucky, 81 banks with
$4,O2O,0O0 capital; Tennessee, II
banks with capital Of $l,63O,O00
The total for all Southern States was
only exceeded by the total for the
Middle Western States, which reach
ed the enormous figure Of $40, 9,60l :
600. These States were Ohio, lndi-
ana, Illinois, Michigan, Wisconsin,
Minnesota, Iowa and Missouri.
During the period that the. South
! ern States organized GIL banks: will,
a total capital OF $36,SOl, 800, the
New England States. consisting OF
Maine, New Hamshirc, Vermont.
Massachusetts, Rhode Island and
Connecticut, had total of only 50
banks and total capital of $5,ls5,.
600; the States Of New York, New
Jersey, Pennsylvania, Deleware
Maryland and the District Of Column.
bia organized AS banks with capl-
tai of s35,36l, 800; the. States Of
| North Dekota, South Dakota, Nebras,
ka, Kansas, Montana, Wyoming
Colorado. New Mexico, Oklahoma
and the Indian Territory ORGANIZED
57S banks with total capital o.
$19,O56,OOO. In Washington, Oregon
California, Idaho, Utah, Nevada
Arizona and Indian Territory tn
total number Of national banks or
ganized was l4O and the total capl
tai was $l0,S22,s0O.
The fact that from 1900 to l9O'
the Southern States led every othe
part Of the United States with tn
exception Of the Middle Western
States is an excellent indication Q
South.
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