The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1906-08-09

" - MaHF 10
Another Fine Showing.
II Essbington, Special-The Depart
Of Commerce and Labor has re-
l.d a report of the cotton spin
and manufacturers meeting
was held in Bremen, June 25th.
convention discussed conditions
,rokbe cotton industry, special con-
'Ia rstion having been given the
S9NSa1n 18th of cotton in this country,
hods of baling, cost Of transpor-
kn. etc. This report will be Of
Ysial interest at this time, inasmuch
1.-The two agents, Messrs. Whittam
Clarke, recently appointed by
Rrtary Metcalf to go abroad and
hp4iaate markets for American
hon goods, are now in Washington
living instructions i'll their work
Awratory to taking up their duties
fogeign lands.
SO&kt the Bremen meeting there were
Msent a large number of delegates
representatives from II different
~ nsl Amtries. Many carefully prepared
borts and papers we're read upon a
.'untieS retv Of technical and commercial
l iur1 bieets. The question of cotton sup
cough eo''on
,,rt;e. Fst cotton, etc, were thoroughly
as Scussed.
1t TIT. The forthcoming annual report Of
nefd Secretary of the Treasury is ex-
.oI;ns cted to show that many national
Is for lnks have been established through
the South generally during the is
JON year that ended June. 30, 1906.
i70 Ie industrial development of the
> con, nth has caused many corporations
hnting to do a banking business to
al a. cure commissions during tle.elast
rotor. v years, and it is expected that
tbs ben the showing for the year just
:. j. sled is. made it. will be a good 0ne
be report will also show what banks
~ i've been made government deposit
47aaa gies since the last fiscal year ended.
From March IA, 1900, to September
h. EN1, there were organized In the
kOuttsrn States a total of GIL nation
,owo3 banks, employing a capital of $780,
III HG00 These were: The States OF
) H:inia, which organized 81 banks
: ana 18th a capital of $~2,576,000; West
neal~ %rginia, 40 banks and $aa,605, 600
1o;"b apital; North Carolina, % banks
'oTa5 Filth S96O,OOO capital; South Carolina
:, N En banks with 100000 capital
an1 eOrgia, 40 banks with $2,143,0 OL
.as. spital: Florida, q banks with 81,
,,s If 5O,OO0 capital; Alabama, 45 bank:
,rres1 18th $2,252,50O capital; Mississippi
- - ) banks with $1,455,O 900 capital Lou,
shoro Fiana, % banks with $2,6S5 900 cap.
:ot;oD tai; Texas, 239 banks with $12,565,
The O capital; Arkansas, % banks witt
loon 100000; Kentucky, 81 banks with
in 100000 capital; Tennessee, 81
atnya anks with a capital of $780, 0(
~ he total for all Southern States wa:
lnly exceeded by the total for The
fiddle Western. States, which reach
u the enormous figure of $49,65l,
. az 200. These States were Ohio, Indi
# ma, Illinois, Michigan, Wisconsin
lfan Minnesota, Iowa and Missouri.
During the period that the South
m States organized GIL banks will
total capital of $36,SO1 800, tn,
New England States, consisting o
'eutb Maine, New Hamshire, Vermont
state Massachusetts,, Rhode Island an,
= a. Fonneticut, had a total of only g.
aonl banks and a total capital of 1915,
,eeu. poo; the States of New York, New
.snkl Jersey, Pennsylvania, Delaware
~ Maryland and the District of Colum
ia organized 445 banks with a CAPT
,uth1 al Of $35,361,5OO; the States o
as North Dekota, South Dakota, Nebras
nsur IA. Kansas, Montana, Wyoming
dorado, New Mexico, Oklahoma
and the Indian Territory organize,
P1S banks with a total capital 0
Grim Fl9.056 900. In Washington, Oregon
90 California, Idaho, Utah, Nevada
for Arizona and Indian Territory tn
man total number of national banks OIL
ganized was 40 and the total cap
Rus tai was $~1O,922,SOO.
ough The fact that from 1900 to 100
mall, the Southern States led every othe
hicn part Of the United States with tn
vaits exception of the Middle Wester
dish States is an excellent indication {
theis South.