Vernon County censor. [volume] (Viroqua, Wis.) 1865-1955, 1908-01-29
SUBSTANTIAL NET INCREASES
SHOWN BY WISCONSIN r.
NANcIAL INSTITUTIONS.
SET FORTH IN ANNUAL REPORT
OF COMMISSIONER OF BANK
ING M. C. eEReH.
ONLY ONE BANK HAD TO BE
cLosED-No DEPos-
TOR LOST.

Taking the year 1907 as a whole
AM comparing the conditions of the
wisconsin state banks at its close
with the condition at the beginning OF
the year, Wisconsin financially made
decided gains, and had there 5aen no
financial troubles during the late fail.
the record would nave been simply
marvellous. This is shown by ne an
nual report Of Commissioner of BANK
ing NJ. G. Bergh, transmitted to Coy
ernor Davidson yesterday.
The business of the state banks in
creased approximately $4,000, 900 in
volume, as represented in totals of re-
sources and liabilities, between Jan
uary 26, 1907, and December ), 1907.
Ii the last report of 1906 were taken
for comparison with the last leport
OF 1897, making full year, the in
crease Of business would be shown
more accurately ard would be de.
cidedly larger.
Each successive report from the
banks showed an increase throughout
the progress of the year, until the
December report, which showed a fall
ing of of over 100000 from the
August report. This was the result
of the panic A report now would
doubtless show all this loss made up
and more.
This (the thirteenth) annual report
OF the state banking department shows
the condition of AT state banks, Q
mutual savings banks, and IL trust
companies doing business in this state
on December 8, 1907, the date Of the
last statement rendered by them, to-
gether with abstracts of the statements
and other information.
Thirty-two state banks were organ
lied and chartered during the year
covered by this report, three banks
left the jurisdiction of the department
and became national banks, five banks
voluntarily Hquidated and paid depos-
itors in full. One bank was placed in
The hands of the commissioner OF
banking, making a net gain of % in
the number of state banks for the year.
The following three banks surrend-
cred their state charters and reorgan-
lied as national banks, towit: The
Bank of Frederic, capital $4,000;
Grantsburg State bank, s12,50O, and
Vernon County bank, $4,000.
Capital Stock Increases.
Sixteen state banks increased their
capital from an aggregate of 1870, 900
to S704,600. the amount of the increase
bing $334.60O.
The summary of gain and loss In
the capital stock is presented in a
table showing a 1T gain Of $3.50, 90
in capitalization dmlng the u months.
Substantial increases Shown.
A comparison of the consolidated
bank statements of December 3, 1907,
with similar consolidation of a year
ago shows substantial increase in
the principal items of resources and
liabilities OF state and savings banks:
Increase
Total resources ....$10, 043, $40 80
Loans and discounts :. $500, 756 80
Capital, surplus and pro-
fits ...... .n.... 2,05S, 944 SO
Deposits ....... ..- 7,190, $50 OS
Available cash (ncIud-
ing s653,646.O0 in
clearing house checks
and certificates) -. 421 S31 As
By the aid of the abstract of reports
of national banks, furnished Counts
sioner Bergh through the courtesy of
the comptroller of the currency, Ia
bic has been compiled. 1t exhibits
the aggregates of the principal items
of resources and liabilities of all
banks doing business in Wisconsin on
December 3, 1907, as compared with
similar aggregates on November IL,
i906, and shows the increase in the
several items named: