Fort Mill times. [volume] (Fort Mill, S.C.) 1892-current, 1906-08-09

Washington. Special.-The Depart
ment of Commerce and Labor has re-
eeived report 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
alteration 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. inasmueh
as the two agents. Messrs. Whittam
and Clarke, recently appointed by
Secretary Metcalf to 20 abroad and
investigate markets for American
cotton goods, are now III Washington
receiving instructions i'm their work
preparatory I" taking up their duties
in foreign lands.
At the bysmen meeting there were
present \ large number of delegates
and representatives from ~ different
countries. Many carefully prepared
reports and papers were read upon q
variety of technical and commercial
subjects. The question of cotton sup
ply. cotton statistics, sotton 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 fs-
cal year that ended June 80, 1906.
| The industrial development of the
South has caused many corporations
( wanting 10 do banking business to
secure commissions during the last
few years, and it is expected that
when the showing for the wear lust
ended is made it will be a good one.
The report will also show what banks
have been made government deposi-
tories since the last fiscal year ended.
From March IA, 1900, to September
Southern States total of 671 nation
al banks, employing a capital of $780,
SOl 800. These were: The States OF
Virginia. which organized 81 banks
with capital of $2,576,O0O; West
] Virginia, 40 banks and $3,6O5, ,0O0
capital: North Carolina, % banks
with $96O.OOO capital; South Carolina
ten banks with $9l0.800 capital;
Georgia, 40 banks with S2,l43,000
capital; Florida, 81 banks with ST.
55O,OOO capital; Alabama, 45 banks
with $2,252,5oO capital; Mississippi,
10 banks with 81, ,455,000 capital Lou
isiana, 23 banks with $2,6S5, 900 cap
ital; Texas, 23S banks with $685.
600 capital: Arkansas, 23 banks with
Sl.4oO,OOO; Kentucky, 81 banks with
S4,O2O,OOO capital; Tennessee, 81
banks with capital of $l,630,000
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,-
OOO. These States were Ohio, 1ndi-
ana. Illinois, Michigan. Wisconsin,
Minnesota, Iowa and Missouri.
During the period that the South
ern States organized 671 banks with
total capital OF $36,S01 800, the
, New England States. consisting Of
Maine, New Hamshire. Vermont,
Massachusetts,, Rhode Island and
Connecticut, had total of only 33
banks and n total capital of $685.
OSO: the States of New York, New
Jersey, Pennsylvania. Deleware,
Maryland and the District of Colum-
bia organized AS banks with a capi-
tai sf S35, ,ss1 500; the States of
North Dekota, South Daketa, Nebras-
ks, Kansas, Montana, Wyoming,
Colorado, New Mexico, Oklahoma,
and the Indian Territory organized
51S banks with total capital of
l9,056,000s In Washington, Oregon,
California, Idaho, Utah, Nevada,
Arizona and Indian Territory the
total *Aumber of national banks Or
| ganized was 140 and the total capi-
tai was $10,S22,s00.
The fact that from 1900 to 1905
the Southern States led every other,
part of the United States with the
! exception of the Middle Western
| States Is an excellent indicafion op