Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1906-01-06

L
| In making these comparisons tho
assets are grouped into their natural
| classes. without regard to their lOca-
| ton within or without the State. The
public funds. including the United
| States bonds, now amount to S25 O16,-
| 114.G, or 29.2g per cent: railroad bonds
and stocks to $37, 90. 121.11, or 1854 pei
| cent; corpora ton bonds and stocks Ia
| $f.513. $3.50. or 5.34 per cent: bank
| stocks to 50 O31 ,S25.33. or 23G per cent
| loans to $l3.572 $4,000, or IS Sc per cent ;
! real estate owned to 81 ,301 ,4l1.79 or 1.52
per cent; cash on hand and on deposit
| to $1,32S. S504S, or 1.55 per cent: and the
| other assets, including premium 40
| count. expense account and furniture
! ana tiXtures.-thc unproductive assets.
to $tG0.2l9.'3. or only "a per cent of
| the assets of these Institutions.
The reserve fund at the present time
| amounts To 81, .S62.11, being an III
| crease of $30i, 1892 over 1904 This
| amount is now a.3l per cent, while last
year il was oil per cent of the total
! deposits.
| The undivided profits now amount to
$2,2I5 334. 3G.-an increase of $l5i, 264 u
| during the year.
The gross income of the savings
| b2nks for the present year has been
| 1891 .03. The expense Of manage
n"nt for the year has been $3.50. $40 So
rs against $l1l, 1863 in 1904. Til, aver
| age cost IS about % mills on each dol
lar OF deposits handled.
The amount Of the State tax paid by
| the savings hanks the present wear has
| been $i25, 1921. as against $4O9, &c in
lWi,--an increase of SlG.0G395.
In" amount Of dividends paid by the
| savings banks during the year has
| been $2,551,2 l:..I3. This is an average
OF SllS6 to each depositor The aver
age rate has been 34l.
TRUST AND BANKING COMPANIES
The total assets Of the &c trust anu
baikihS companies Of the State are.
s-',3@ lSoS.o%. being an increase of So
o"o'N'':6. rs against $3.Ol3,y9 80 last
year. This increase is more than for
any previous year Since these. cumpa-
mes have been doing business. or this
increase $".iS.9lS.Ii comes from the adj
ditlon Of the assets Of the newly or
SatliZed institutions. ana tn. balance,
from the Increase in the other comma
MES.
The increase of S2o3. 10000 i'm fine
amount Of capital stock results from
the addition OF the stock Of the new
companies, and az increase. of 81. 900 90
III th;tt of the Eastern Trust ana Bank
ing Company.
The present amount of deposits is
81 H" 52t.6i. being an increaS.. Of 81
t'i'z'S.h';. The total incrclS, in deposits
IS made no as follows: an increase. of
$500 c6".a3 in savings deposits; $2.3Il.-
H6'"9 III demand deposits: and SS1-
'il.Ol III certificates Of deposit. Tie
TOTAL number of depoSitorS is 43oic
VIII" on TIE date of last report it was
@n6'l.--a gain Of 5.55l during the year
The actual savings. or taxable de-
POSTS now amount to SO 49, 400 &c. In
addition thereto the returns show that
tn" banks also held. on that date. cer-
tiiicates Of deposit to the amount of
5000. 6tI.S9 that We're liable to taxation
because of the fact that they bore in
lefest at tn" rate of per cent or more.
rms makes the total amount of taXa-
Bile deposits $lO.9SS 36Sl5
IN" total amount Of state tax laid
by the trust and banking companies
for the present year has been $5l SAC. 81
while last year it was $44I5I67.-an
increase of $7,194S1
The amount of the surplus fund is now
$1.263.500.0o. being an increase. Of 500
"''ooo during the year. OF this amount.
So 10000 was paid in by the stockhoId-
'r% OF two OF the new companies at the
time they were organized, and the bal
Incc has been set APART from the act-
ual earnings of these companies. 1t is
. per cent of the actual liabilities out
standing, while the corresponding Der
crntngcs last year We're A. and 4.59 Der
cent. 1t is an interesting fact that this
percentage of surplus to total liabili-
Ties IS almost exactly the same as that
of the reserve in the savings banks to
their liabilities.
tn" fetal profits credited to depositorS
and stockholders, in interest and divi-
dtnds, during the year. has been $641.-
i9".ol, as against SOL $3.50 in l904.-an
incr'aS" Of 500, 1901.
Tie amount Of interest paid on say
| in@s deposits during the present wear
| has been $:'36 ll6.2i, and upon other de-
lnsits 1874 LIE, making a total Of
$780, IS paid in interest to depoSitors
The av"r:ig" rate paid has been approx
imatcly 3.35 per cent
The amount of dividends paid upon
| capital stock has been $IS122O %. while
| last year it WAS $3.50 5000. OF the u
| trust companies. 70 actually paid divi-
| dCndS upon capital stock during tn.
year. The aNrraS" rate of dividends
paid upon all capital stock outstanding
| has been SIS per cent. The average
| rate computed upon the capital stock
LOT those companies actually paying
| dividends has been 9S5 per cent.
| The principal changes in the re-
| sources ar" an increase. If S.. So S24 90
| in loans ana $I.136,01ii1 in stocks
| ana bonds.
| LOAN AND BUILDING ASSOCIA-
| TIONS.
| There has been an increase Of s9J.-
| 2%i 4 in tn" total assets and So. S6S11
| in the accumulated capital Of the 80
| loan and building associations during