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 All Sections 81.
Union in Establishment of National
Banks During Period From 1860 to
1905 and Forthcoming Report O.
Treasury Department for Past
Year is Expected to Give This Sec.
tion Another Fine Showing.


ment of Commerce and Labor has re-.
ceived a report of the cotton spin
ners and manufacturers, meeting.
that was held In Bremen, JUNE 25th.i
This conventioa discussed conditions
of the cotton industry, special eon-3
sidsratioH having beea sitsil tbg.
growth Of cotton III this country
methods of baling; cost Of transpot5;..
tation, etc. This repdft Niil BIZ 81.
special interest at this time, inasmuch.
as the two agents, Messrs.. Whittams
and Clarke, recently appointed by
Secretary Metealf 10 go abroad ands
investigate markets for Amefiesiis
cotton goods, are now i'll Washington
receiving instructions iii their work.
preparatory to taking up their duties
in foreign lands.
At the Bretdeli meeting there we're
present a large number 81 delegates
and representatives frbii ID different
countries. Many carefully prepared
reports and papers we're read upon i
variety of tethiliEal and eoinriercisl
subjects. The question Of cotton snp-
ply, cotton statistics, cotton growing,
moist cotton, ctc., were thoroughly
discussed.
The forthcoming annual report Of
tie Secretary Of the Treasury Is es=
pected to show that many national
banks have beeil established through
out the South generally during the fia;:.:
cal year that ended June 3o,l9O6:
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 zone:
The report will also show swhat banks
have been made governme MT deposiz
tories since the last fiscal zNea eds
From M here we're lteyalil2sss 4Eis.l Us.
Southern States d total Oft Ina Y 4 tlon-s
al banks, employing capital of $780,.
sol 500. These were: The States ofS
Virginia, which organized 81 banks
with d capital of $2,576,OO0; West
Virginia, 40 banks and $9,605,O0o
capital; North Carolina, % banks
with s96O,OOO capital; South Carolina
ten banks with 100000 capitals;
Georgia. 40 banks with $2,143,OOO
capital; Florida, 21 banks with 81, =
$4,000 capital; Alabama, 45 banks
with $2,252,5OO capital; Mississippi,
Is banks with 81, ,455,0O0 capital:L Lou.
isiana, 20 banks with $2,6S5,O0O cap.
ital; Texas, 23S banks with $12,565,-
600 capital; Arkansas, 20 banks with
81, ,45O,OO0; Kentucky, 81 banks with
$4,O2O,0OO capital; Tennessee, n
banks with capital Of $l,63O,Ooo
The total for all Southern States was
only exceeded by the total for the
Middle Western States, which reach
ed the enormous figure Of $49,6ol,
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 with
a total capital of $36,SO1, 500, the
New England States, consisting OF
Maine, New Hamshirc, Vermont,
Massachusetts, Rhode Island and
Connecticut, had a total of only 50
banks and total capital of $5,lSo,-
600; the States Of New York, New
Jersey, Pennsylvania, Delaware,
Maryland and the District Of Colun,-
bia organized 445 banks with capl-
tai Of $35,36l, 500; the. States of
North Dekota, South Dakota. Nebras-
ka, Kansas, Montana, Wyoming.
Colorado. New Mexico, Oklahoma.
and the Indian Territory organized
SIS banks with total capital OF
$l9,05G,OOO. In Washington, Oregon,
California, Idaho, Utah, Nevada.
Arizona and Indian Territory the
total number of national banks or
ganized was 140 and the total capl-
tai was $10,S22,sOO.
The fact that from 1000. to 1900
the Southern States led every other
part Of the United States with the
exception Of the Middle Western.
States is all excellent indication OF
South.
Homicide Bee at Texas Election. ).