Omaha daily bee., 1907-12-07
OMAHA BANKS SHOW BEST
Local + tutions Make Statement
Shadows Kansas City.
w .ENvER CAN COMPARE
oountry Deposits Formerly Held by
Failed Bank Available to Omaha,
but Not Acceptable Until
Conditions Settle.

Banks Of Omaha are shown TO be IN far
better shape than the banks of Kansas
City by the statements OF the nine clearing
house banks of that city which were re-
oeivsd Friday. In cash resources, deposits
and total resources. the five national banks
OF Omaha and three national banks of
South Omaha are far ahead Of the nine
financial institutions Of Kansas City. While
the deposits OF the Omaha banks have
decreased but s1s.054. as compared with the
statement Of November. 1906. the banks OF
Kansas City have lost Sl22sS.OOo during the
year and more than $50 10000 since the
August statement. Cash resources OF the
Omaha banks have increased 81 1857 es5 since
November of last year. while the cash of
the Kansas City banks have decreased
50, $4,000 in the same time.
Loans Of Kansas City banks were but
$4,000 less than year ago, when the state
ment was called at the close of business
December 3, Loans Of Omaha and South
Omaha banks are Ns7l.OOO less than when
the statement was called In November last
year.
What the Records show.
Despite the fact that the Kansas City
bank which failed has boasted that It
carried more deposits than all the national
banks Of Omaha combined the statement
OF the Kansas City banks, which was
somewhat Of surprise to Omaha bankers,
shows the total resources OF the nine in
stitutions have decreased S6,6S4OO1 since
November year ago, while the total re-
sources OF tho Omaha clearing house banks
have increased s1,1OS5e2 With the possible
exception of Denver, It is expected the
Omaha banks will make the strongest
showing OF any banks in the west and
justify the remark OF Chairman Hepburn
OF the American Bankers association cur
renoy commission that Omaha has been
the one bright spot on the financial map
since the furry" other New York bankers
have been extrsvagant OF their praise Of
Omaha banks, but in a recent map pub
lished in New York and given circulation by
daily papers, Kansas City was shown to
be 'in the clear" and black spot as big
as horse blanket was spread over Omaha.
As result Of the Kansas City failure,
banks Of Omaha may secure a number of
new accounts from the country banks of
southeastern and southern Nebraska, which
have been carried by the National Bank OF
Commerce in Kansas City, because Of the
interest and free collections which that in
stitution offered. But the accounts will not
be acceped under any condition by Omaha
banks. until after the furry is over. II is
not the desire Of Omaha bankers to take
deposits from country banks which are
withdrawn from other banks during a finan-
cial panic. and those which have been
offered during the past week have been de-.
clined with thanks It is believed that to
such an extent banks IN Omaha and St.
Joseph have assisted tho Kansas City banks
in retaining many balances.
sympathy for Or. Woods.
Many Omaha bankers know Or. Woods
president Of the National Bank of Com
merce and sympathize with him and other
officers Of the bank, who, they believe, did
make the fight OF their lives" when the
institution was threatened.
The National Bank OF Commerce was the
only high finance bank on the. Missouri
river" said Victor B. Caldwell, in sneak
ing Of the institution.
But the bankers do not believe the "pro-
motion" schemes OF DIR. Woods were as
much TO blame for the failure OF the bank
as the high price paid to secure accounts,
which were quickly withdrawn as soon as
suspicion rested on the bank. The presl-
dent is known up and down the Missouri
river where he has been interested in many
banks. In the panic Of 1893 the "Woodu''
bank at Sioux City, known as the Sioux
failed. The institution was in
charge of a relative OF DR.. Woods named
The same year the woods
bank at Wichita, closed its doors 1t was
algo corducfad hv n raIatt,ya - r,.o.ta.,,.