The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1907-10-09
TExAS AND HEU naNkA.

| sbtAA oi 80 h8ANsa@ INSTANTANEOUS ssa
shr state. and all of them civ. ahua-
| dant evidences Of prosperity, The
aggregate capital Of The national
| banks Ia 1868 soc. ihAt II the
stat. banks and trust companies SIS
a15.S or grand total uf sss.-
s55.teo paid up capital, the larger
part Of which n Invested by Texas
people and represents the earnings
from Texas industry and enterprise
| II IL q Very respectable sum Of mon
ey. 1t mus. b. admitted but IL Is
| only a small par Of the actual bank
cash witch represents III. surplus
| wealth Of The people
The Law under which the state
bauss and trust COMPANIES arc or
ganiEed Ia Texas l. little more than
two years old and many OF the
banks that are doing business under
that law have not vet passed their
first anniversary Yet In the eEgte-
gate the state banks and trust com
panies of Texas already show indi-
yldual deposits of nearly $1,000
600, and the amount is growing
every day. These institutions are all
new. and they have not by any
means attained their full measure
of growth. As compared with the ma
tional banks they are small iustitu
lions, organized among the progress
siye citizens of the communities in
which they operate, with capital in
many instances smaller than that
allowed in the organization OF q ma
tional bank, but In no other particu-
Lar are they less convenient for the
needs of their respective communi-
ties 1t is worthy of note that with
in two years from the establishment
the individual deposits should
to more than double the
paid up capital stock which they
represent. II is an attest to the pros
perity. the frugality and the progress
of the people that deserves attention.
And if the state institutions can
make this sort of a showing in the |!
short period of their existence, it |
ian readily be understood that the |
national banks, much longer in eX
stence, can make a much larger
showing of the wealth of the people.
t would be far below the correct
igures 10 assume that each bank
aries individual deposits double
amount of its capital stock. Sew |
FMS titutions in Fort Worth have |
deposits running up into |
he nIffas to say nothing Of their /
and what is true of the |
'ort Worth national banks is also
rue of those of Dallas, Houston and
ther larger cities. To estimate that
he people of Texas have more than
$50, 100000 on deposit in the
anks of the state today would prob
bly, be to assume that they are
'orse off financially than they
eally are. This vast amount of mon
y represents the surplus cash of a
reat army Of people. There are very
ew millionaires in Texas, but no
nan need be in financial straits, UNI
ess he desires to be or refuses TO .
81 4, ,.F n al
hat are abundant. There is remun- |
,rative employment for everyone, /
and the bank deposit habit is one /
that is almost universal Some of the
accounts are small. TO be sure, but
the Texas bankers possess that ad-
muable quality of making The most
humble of their clients feel that his
patronage is appreciated and that
his efforts 20 get ON In the world are
most commendshle Under an incen-
tive like this the depositiug habit is
tJst,red. and when it ls one, con
tra,ted DO b. hardly ever abandoned.
the result s that happy. content
sJ aud rufefpr.sJus citizenship is
formed. and citizenship fhat is as
Jealous Boa fh. 4usrdtue uf its .udI
sidual rIsHH 1855 BE- H ihsrt. toward
tho.a vhe manifest 5,sl.. .o share
H ,ae general HruspsrI',
The Htr nIH H..H accused u.
.s...n- 8e. .rar es.. drastic. HH.