Northern Wisconsin advertiser. [volume] (Wabeno, Wis.) 1898-1925, 1906-12-13
ANOTHER REPORT
ON PROSPERITY
coMP1 ROLLER RIDGIEY USES
BIG FIGURES.
WANTS MORE / ELASTICITY
Would Reform the Currency by Al
lowing National Banks to Issue a
Portion of Their Circulation as
Uncovered Notes Under Certain
Restrictions.

Washington, Dec. THE annual re-
port Of William B. Ridgley. comptroi-
Ter OF the currency, begins with a Ia
Bile giving a detailed statement OF the
resources and liabilities of all the ma
tional banks OF the United States. as
shown by the five reports of condition
made in response to the call of the
comptroller. 1t appears from these re-
ports that there has been an increase
in banks from November 8, 1905. to
September 4, 1906, from $3.50 to 6,137,
and that loans and discounts. repre-
senting over so per cent of the banks,
aggregate resources, steadily increas.
ed from $4,016, 735, 497 SO on November
3, 1905, to $4,29S,9S3, 316.1l, on Sept
ember 4, 1906. The aggregate re-
sources were $S,016,O21 ,O66 on Septem-
Der 4. Over threefourths of the re-
sources OF the banks are in loars. bonds
securities, ETC., and lawful money.
the loans amounting to s4,A9S, 9S3, SIG:
United States bonds on deposit to Sc
cure circulation, $524,O $50; Gov
eminent loans, $97,171,5 $50, and held
in bank, $7,5SS,150; other bonds ano
securities, SOL, 24O,755; specie, s464,-
1890; legal-tender notes $161.575.-
100. The paid-in capital stock is
shown to be S35,O66,796; surplus,
$4S0, .134; other undivided profits.
$1S0.569,S57; circulating notes out
standing. $517,964,511; inulvidual de.
deposits, $4,19s,93s,310; I'm States
deposits and deposit. o. United
States disbursing omcers, s1o7 ,S31, s13.
State and Private Bank Failures.
The total number OF failures during
the year was 81, the assets of the
banks being $6,591, SIS and the liabil-
tiles $7,187,S5S. In the year ended
June 80. 1905, there were 81 failures
OF banks of this character. with assets
of $6,S7o,345 and liabilities of s1O,-
273,023. Included in the 81 failures
OF banks other than national in 1906
were 15 state banks, savings banks,
banks. The failures by geographic
al sections were as follows: New Eng.
land states, 8; eastern statesz; south
ern states, 16; middle western states
IA; western states, L; Pacific
states, /.
There was an increase in all re-
porting banks from Subsidiaries IN
1896 to $7,23S,9S6,450 in 1900, or over
46 per cent. During the four years
from 1900 to 1904 deposlts increased
over 3s per cent; for tue year ended
June 80, 1905, the increase was 1873
per cent; the increase IN the current
year over 1905 was $685., 100000, or
about 7.6 per cent. The ratio of in
crease in individual deposits from
1896 to 1906 was nearly lat per cent.
Banks of the sou.nern states show
the largest percentage of increase in
deposits during the period from June
80, 1896, to June 80, 4sy6, the per-
centage Of gain being 2,..97, followed
by the western states, where the ratio
of increase Is 1928, and in the older
named: the Pacific states, 244; the
middle western states, 210.s4; the
eastern states, 1866, and the New
England states, $500.
The average individual deposit in
the United States per capita of popu-
lation has risen from sos in 1896 to
$95 in 1900, $122 in 1904 s136 in 1905.
and $144 in 1906, being an average
annual gain of IS.
Building and Loan Associations.
The receipts and disbursements OF
building and loan associations of the
United States were s3S,000,0Oo in ex-
cess of the previous year, the re-
ceipts from weekly dues being $751;
100000 more than in the prior year.
There was also large increase in the
earnings, aggregaung s5,294,204 more
than in the year before, as ,-.e mort
gage loans we're over S22,000,00o in
excess of the previous year. The as
sociations during the past year have,
in marked degree, shared the gene
raj prosperity of the country, and
have done the largest business in
their history. 1t appears that the as
sets of the local building and loan
associations of the United States
amount to s649,344,257, or szs,O00,ooo
more than shown by the report of the
prior year Inc total membership
in the 1894 associations is reported
at 1,642,127, an increase of little
over II. 900 for the year.
School Savings Banks.
1t appears that the school savings
bank system is now in operation m
1923 schools of 122 cities Of rs
states, and the pupils Of these schools
have deposited s4,S64,575.9S, Of which
s3.641,o1566 has been Withdrawn,
leaving a balance OF s1.22S, 5e0.32 due
depositors on January 1, 1906.
Money in United States.
The stock of money in the United
States on June 80, 1906, amounted TO
- r.~r %