Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1908-08-22
Reports to Comptroller Indi-
cate Steady Return to
Better Conditions
CONFIDENCE IN THE FUTURE
Acting Comptroller Denies Story That
Oklahoma Banks Are Deserving Ma
tional System-LiabiIties Lower
Than on Previous statement-Fis-
ures for Comparison.

Washington, Aug. PA marked
Improvement in financial conditions is
shown by the national banks in their
reports to the comptroller of the cur
rency," said acting Comptroller of the
Currency Kane.
"The condition of the national banks
as reflected by the reports received
under the :calr of July Is, indicates a
steady return to the better conditions,
and of the confidence which prevailed
preceding the panic of last fall.
"since the December cali of 1907,
Immediately following the panic, indi-
vidual deposits have increased $780,
677,49O, or 473 per cent loans and dis
counts, s3O,33S, 436, or 0.66 per cent;
cash in the banks, $1SS,234,012, or
2S49 per cent; capital stock, s17,419,-
16S, or 1893 per cent and surplus, $14,-
430,33S, or 2.62 per cent. The volume
of business of the banks as showed by
their total resources has increased
$3O6,076.27S. or 1854 per cent.
Liabilities Are Lower.
"The liabilities of the banks for the
same period for government deposits
nave decreased $1O4.540,1 1853; bills pay
able, s47,05S,793, and clearing house
certificates, s74,461,026.
"A comparison of these figures with
the condition of the banks as shown by
the reports made under the CALI of
Aug. %, 1907, the high mark period i'm
mediately preceding the panic, shows
an increase in individual deposits of
1928 per cent, cash in the banks of 21.G1
per cent, capital stock of 2.5$ per cent,
surplus of 2.S7 per cent, volume of bus
mess of 1856 per cent, and the loans and
discounts are within 1.S4 per cent of
the high mark period.
another fact not generally known is
that large number of concerns which
became financially involved have been
enabled either to meet the demands of
their creditors in full or to make sat
isfactory progress in settlement.
while the usual business depres-
sion incident to the period preceding q
presidential election is prevalent, bank
ers express themselves as being salts
fled with the local conditions in theil
respective communities. They conf
dentially expect a general revival after
the November elections.
Oklahoma Rumor Denied.
"a statement is going the rounds OF
the press to the effect that large
! humber of the national banks in Okla
homa have notified the comptroller OF
their intentions to surrender their nat
al,c state
banking system because of the opinion
rendered by the Attorney General
that they cannot lawfully avail them
selves of the state guaranty law. This
statement is not in accord with the
facts. There are about 80 nationa
banks in Oklahoma Only fifty-sever
entered into the guaranty scheme. On
Aug. 8, 1908, these tifty-seven banks
were notified that they must withdraw
from the agreement. So far replies
have been received from thirty three
of them. Twenty have informed
1.-THE comptroller that they have notified
l the state banking board of their de-
sire to withdraw from the guaranty
agreement Seven have indicated theil
intention to surrender their nationa
| charters and reorganze as state banks
and two only thus far have actually
gone into voluntary liquidation fol
that purpose.
"Replies have been received from
1874 of 253 banks that have not entered
into the agreement. A majority OF
them state that they had no intention
of doing so, as they were not in sym
pathy with the agreemen. .-seea-t. .oS
ma thv with the movement"