The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1907-12-31

of DepOSitorS Manneste state
Banks Did Their Share In believing
financial Situation I'm Other Cities
Statements of Trust Corlpanies In
tercSting.
New York, Dec. 26.-Under the call
OF the state banking department Tor
reports of condition Cd December 10,
twenty-one trust companies and
90 state banks OF Greater New YORK
have filed formal statements. While
the effects Of the recent storm are
plainly evident, especially in regard
to these few institutions against whom
the attack seemed most direct, the
statements as a whole pea testimony
OF the quick recovery generally made
and ~unwavering confidence of the
great body Of depositors. The re-
ports also show that certain Of the
state banks OF New York city did
their share toward relieving the II
nancial situation in, other cities. They
accomplished this by accepting from
the local national banks a large guam
tity of clearing house certificates, leaE
ing the national banks in position 10
employ their cash i'll relief of their
customers and correspondents III the
interior.
The 20 state banks OF New Eork,
Brooklyn and OTHER burough OF
Greater New York which have SO 1ar
reported show aggregate deposits Oh
1925, 900, 900.
Of this enormous sum of deposits
tha Withdrawals since August " last
amounted to only $3,O56,11 IT.
The losses were distributed among
"a of the banks, with total withdraw
ais of s13,925 ,761, while eleven banks
showed, an aggregate gain OF $lO,969'-
GA.
The state banks indicated their
n1osperous condition Ey maintaining
cash reserves in some Instances lar
in excess Of the Il per cen feQu'rea
by state laws.
ONLY one bank took advantage OF It's
membership n the c1earln5 hDlse as
cooiatiop tn issue certificates Which
are now outstanding as = 'bil-V l'thl
OF $500, 900
Nine If the state banks hold clear
inc house certificates to the extent
of ST. 100, 900. Loans and olscount'
show a decrease in the statements
of nineteen of the banks While the
values of stocks. bonds. mortgages
;atc as an item Of resource also
show a general shrinkage A majority
OF the banks show an increase u
cash on hand. j.
The official statements of the trust
comnanies of Greater New YORK are
nerhaps fraught with the greatest III
terest. These institutions were 1olo-
oil to bear the brunt of he nahclai
storm which broke with the suspeh-
e;on .of the Kn~ickerbccker Trust COM
pany. h
Tho twentv-One companies WHICH
ox,a TINS far reported show a falling
off Of deposits from $27S,ooo'ooo on
August % last to $3.50 ,256,5Oo on De
oamber 10 The loss of deposits WAS
accompanied by the calling in OF loans
tho reduction in the latter instance
amounting to SIS, 900 900. line mar
,ret values of stocks. etc, show d oe-
cline of about $40, 600, 900. In specie
the q trust companies show a loss
Of less than 81 900 900, while me le-
rol tenders and bank notesS held as
reserve. show an increase OF heal1S
81, 600, 900. -
The report Of the Trust COMPANY
~o.ico which withstOod a run
of MANY DAYS, shows a net decllne III
ooeb reserve of less than one per gem
since August LIST. The capital oF tne
Trust Company of America, as "l'n
oil the other companies submitting l0-
,or+s remains unimpaired. This sh3F-
mo Of the company is made despIte1 he
fact hat during the run it palqppu'
more than $50, 900, 900. Part 9flehis
came from the $4,000, 900 fund Snrh-
cd over to the institution by the
committee of the trust companies
which came to the relief of the Irus'
company of America when it vas mos
IN need Loans to directors, Wnlcp
six months ago amounted to s3'ooo'oo0
"a, not appear in the December state
ment. all directors having pap up dur
ing the crisis.
CHRISTMAS TREE HsT NIGHT.
~
Given by Members of Clarendof
DrfhSC