The Caucasian. (Clinton, N.C.) 188?-1913, 1906-08-09
Progress of Southern Banks
During Past Year
LEAD THE ENTIRE COUNTRY
With Exception Of Middle Western
States, South Led All Sections OF
Union in Establishment Of National
Banks During Period Prom 1900 TO
1905 and Forthcoming Report of
Treasury Department for Past
Year is Expected to Give This Sec
tion Anots.er Fine Showing.

1
ment of Commerce and Labor has re-
ceIved a repcrt of the cotton spin
ners' and manufacturers meeting
that was held in Bremen, June 25th.
This convention discussed conditions
of the cotton industry, special con-
sideration having been given the
growth of cotton In this country,
methods Of baling, cost of transpOr-
tation, etc. This report will be Of
special interest at this time, inasmuch
as the two agents. Messrs. Whittam
and Clarke, recently appointed by
Secretary Metcalf to 90 abroad and
investigate markets for American
cotton goods, are now ia Washington
receiving instructions in their work
preparatory to taking up their duties
in foreign lands.
At the Bremen meeting there were
present large number of delegates
and Representatives from II different
countries. Many carefully prepared
reports and papers were read upon a
variety Of technical and commercial
Subjects The question Of cotton sup
ply, cotton statistics, cotton growing,
moist cotton, ETC., were thoroughly
discussed.
The forthcoming annual report Of
the Secretary of the Treasury is ex-
pected to show that many national
banks have been established through
out the South generally during the fis-
cal year that ended June 80, 1906.
The industrial development Of the
South has caused many corporations
wanting to do a 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 one.
The report will also show what banks
have been made government deposl
tories since the last fiscal year ended.
From March IA, 1900, to September
80, 1901, there were organized in the
Southern States a total of GIL nation
al banks, employing a capital of $780,
sol 800 These we're: The States Of
Virginia, which organized 81 banks
with capital Of $2,576,OO0; West
Virginia, 49 banks and $3,605,00O
capital; North Carolina, % banks
with 100000 capital; South Carolina
ten banks with 100000 capital l.;
Georgia, 40 banks with $2,143,000
capital; Florida, q banks with ST.
$4,000 capital; Alabama, 45 banks
with $2,252, 500 capital; Mississippi.
Is banks with $1,455,O00 capital LOU
isiana, % banks with $2,6S5,000 cap
ital; Texas, 236 banks with $685.
600 capital; Arkansas, % banks with
81 ,45o, 900; Kentucky, 81 banks with
| $4,020,000 capital; Tennessee, q
banks with a capital Of $1,63O,0OO
The total for all Southern States was
only exceeded by the total for the
Middle Western States, which reach
ed the enormous figure Of $49,651,.
000 These States were Ohio, Indi-
ana, Illinois, Michigan, Wisconsin
Minnesota. Iowa and Missouri.
During the period that the South
ern States organized GIL banks with
a total capital of $36,001 500, the
New England States, consisting Of
Maine, New Hamshire, Vermont
Massachusetts,, Rhode Island an6
Connecticut, had a total Of only g.
banks and a total capital Of $5,195,
600; the States of New York, New
Jersey, Pennsylvania, Delaware
Maryland and the District of Colum
bia organized AS banks with capi
tai Of $35,361, 800; the States o.
North Dekota, South Dakota, Nebras
ka, Kansas, Montana, Wyoming
Colorado, New Mexico, Oklahoma
and the Indian Territory organized
57S banks with a total capital o
| $19,O56,000. In Washington, Oregon
California, Idaho, Utah, Nevada
Arizona and Indian Territory th
total number of national banks or
ganized was 140 and the total capi
tai was $10,S22, 800.
The fact that from 1900 to 100
the Southern States led every othe
part of the United States with tn
exception Of the Middle Wester
States is an excellent indication o
South.