The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1906-12-21
DUE TO CAR SHORTAGE.
Why Kansas Bank Deposits Show
Decrease.

State Bank Commissioner John Q.
Royce says that the falling off in bank
deposits in Kansas which was an
nounced in Thursdays State Journal, is
due TO the car shortage, which has made
IL difficult for Kansas farmers to con-
vert their grain and livestock into cash.
There is just one way I can account
for this decrease" said Mr.. Royce last
night. Il lay it to the existing car
shortage If farmers and stock raisers
in this state could have got their prod
ucts TO the market I am positive that
this statement would have shown an
increase greater than that shown by
the last call. All of the crops raised
this year-or nearly all-are still in the
state. Farmers, stock raisers, shippers
of all kinds have been unable to get
cars They have been unable to get
their products to the markets and have
them stiH on hand. When they finally
do get cars and get things to moving
you viii see one Of the greatest increases
in deposits this state has ever expert
enced.
Loans and discounts also show a big
increase This is only natural under the
existing conditions. For instance, an
elevator company or grain buyer OF any
kind has his bins full of grain and his
cribs full of corn. He has all Of his
money invested there. Yet the farmers
will continue to bring their grain to him.
Bankers don't want to see his business
turned &Nd1s the gram DuECI waits "
keep up his market so the bank lets
him have the money. If the shipper
could empty his elevators into cars and
get his stuff to the market this condi-
ton would Immediately change. The
loans would decrease and the deposits
would increase"
There were $50 state banks in Kansas
at the time Mr.. Royce made his last
call. Since then that number has in
creased. In speaking Of the financial
conditions of the state banks yesterday
Mr.. Royce made this remarkable state
ment:
The $50 state banks of Kansas have
a sufficient amount of undivided profits
on hand to enable them to declare a 10
per cent dividend after passing 10 per
cent OF the net earnings over to the
surplus account"
The number of state banks increased
by seventeen since the last call was is
sued September 4 and before the No
vember call Since then there have been
ten or twelve new banks instituted.
The report in detail showing condi-
tons in all Of the state and national
banks as follows:
Resources.
Loans end discount-State hanks,
s54. S27, 16s.o1; national banks, S5S,2S1,-
Ovedrafts-state banks, S9O9. 90s.11:
national banks. 1923. 625.50-
United States bonds on hand-State
banks, s120, SS9.S9; national banks, $76,-
$4,000.
United States bonds to secure deposi-
tors and neutrality-suspicious. banks,
$40. O6e. 2s0. 90.
Premium United States bonds-Na-
tionsl banks, $500. 1870
Stocks, bonds, etc.-State banks 81
$50 2313S. national banks, $4,O05, 376. "a.
Banking house. furnishings and fix
tures-State banks. $1,916, 51202; nation
al banks. 1886. $685.
Otf er real estate Owned-State banks,
SSOa. 1882: national banks. $3.50. 527. IS.
Cash items and clearing house Items
$3.50. S4g.7C
Cash and sight exchange State
banks. so. ia .O05.46; national banks,
S23. SIS. 1883.
Other esOurccs-State banks, S43,-
S34.26: national banks $500, 777.0O.
Due from United States treasurer
National banks. $7.974.S0-
Total resOurces-$179. 519 1893. so.
Liabilities.
CAPITAL StOck-State banks. 81 672 100.
national banks. S11O22. 500.
Surplus-State banks, $3.50, 301. 90;
national banks, S3,441, 017.g1
Undivided prOdts-State banks, So, 500
2sS-11; national banks. 81, 39O, 1851.
Dividends unpaid-State banks, Sill
s23-51: national banks. $6.3S7.2S.
National hank notes outstanding-Na-
tional banks. 1922, 606.
De 10 banks and bankers-State
banks. s1.575,S2S.17; national banks,
S10.2s7 S4T.51.
197. 76229: national banks. s57.77S. 1885
United States deposits - National
banks. 81. S24. S49 81
Rediseo lnts and bills payable-State
banks, s455,S74-3s; national banks, $780,
271.45-
other Liabilities State banks. se6
o30-41; national banks. SOS. SO6.S1.
Total iabilities-$1T9.51 SIS. 1880