The Brattleboro reformer. (Brattleboro, Vt.) 1907-1912, 1908-01-03
SHOWING OF
LOCAL BANKS
All Have Had LargeIncrease
in Business.
MUCH CASH ON HAND
Statements Issued by Various Local
Financial Institutions Reflect the
Prosperous Condition Of the Com
munity Despite Business Depression.

The local banks, with the exception
of the Vermont National bank, hav
issued this week statements of thei
condition at the close of business Dec
81, 1907. In view Of the financial sit
uation throughout the country briei
comparison Of figures is interesting a
this time.
The Vermont Savings bank has in
creased its deposits in the past veal
over 100000, the total now being
| S3,907 ,0i4.9l; its reserve fund is SlS7,
900, or $1,000 more than last year;
other surplus is now over 100000
nearly $4,000 increase; its total re.
sources are over four and quarter
millions, an increase of over $4,000.
This bank has been established 81
years.
The Brattleboro Savings bank IS 37th
annual statement shows an increase in
deposits of nearly $4,000 since Jan.
|, 1906. and total deposits of $l,s26,-
2l5.05; its reserve fund and surplus is
sl63.515.5l, an increase of about
$1,000; its total resources are sl,9s9,-
190.56, an increase of s2s,2l6.l7.
The Brattleboro Trust company, es-
tablished last January, and doing both
savings and commercial business, with
capital stock of 100000 has a surplus
of $4,000 earned in IL months; depos.
its have increased from $56,6l5 Feb. /,
1906, to s2l0,l526s; the total re-
sources are s324,s50.50 as against
S257 ,595.j7 six months ago, an in
crease of $67.25493.
The Peoples National bank state.
ment is unique in that it shows four
items of 100000 each. The capital
stock is 100000; the apportioned sur
plus is 100000, and the undivided
profits after the payment of the an
nual dividend Of $4,000, is 100000
as against 1900 year ago. This
makes the surplus and profits twice
the capital stock. The circulation has
been increased during the year from
s99,l00 TO 100000. Deposits are
$500, ,992,73; last year at this time they
were s757, 7,7s9.46, making an increase
Of nearly $4,000. Its total resources
are 2l2,992.7S.
The Vermont National bank issued |
no statement January l, but its state.
ment of Dee. 3, recently published |
showed capital stock, 100000, and
surplus and undivided profits of over
s530,000 as against $509,421.49 Jan.
26, 1907 Deposits are over $1,000,000
as against $975,O00 Jan. 26, 1907. To.
al resources. $l,966,7 1870. This bank
ias also paid its annual dividend.
A further interesting fact is that
here is no decrease in the cash on
iand in these various banks in spite
# the supposed stringency; in fact,
here is somewhat more cash on hand
md with other banks than there was
year ago at this time.
Considering the establishment and
apid growth of the Brattleboro Trust
ompany within the year, and the
act that there were already four
arge banks here, and further consid-
ring the recent financial crisis, the
act that each one of the older banks
as largely increased it's business and ,
rofts during the year is nothing less ,
han highly satisfactory and bears tes-
imony to the generally prosperous. ,
ituation Of the community and the /,
of the banks. !,