The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-07-31
HITS HIGH MARK.
Kansas Banks Are OverfloWIng
With Money.
One Hundred Sixty-TwO Millions
on Deposit.
CASH RESERVE LARGE
Amounts to Thirty-Six Per Cent
of Total.
Much Money Is Being Used TO
Move the Crops.
CASH RESERVE LARGE

people
1903 had on deposit in the Kansas
banks-nationaI and state-s162'-
934S57.57 This is the largest
amount ever on deposit in the Kansas
banks at the crop-moving season
Bank Commissioner DOlIey esti-
mates that the people of Kansas have
at least s35,OOO.OOO in cash working
outside of the banks The deposits IN
the state banks for the call of June
30 were S8849O,S62.3S as against
S75.5634S115 of the corresponding
date last year. The deposits OF the
national banks at this time aggre-
gate SS4,443,995.19, a healthy IN
crease over this time last year
The loans of state banks now reach
over $72.O0O,OOO, an increase OF $l4'-
100000 during the past year.
The total cash in state banks now IS
SS1.647.4O393. as against $3O.335'-
117.22 last year. The reserve is now
So per cent as against 40 per cent
last year This slight decrease IN re
serve is no doubt hue to heavier
demand for money this year IN NOV
ing a greater wheat crop
The capital of state banks now ag-
gregate over $4,000, 600, an increase OF
81 600 900 during the year. The surplus
has increased 81, 100000 during TINS same
period. ,-
The total resources of the state banks
are Sill 169 S9757, while the total re-
sources of the national banks are Sll4'-
576. $685. -
Discussing the present financial show
ing of the banks and the prospects tor
The future, Bank Commissioner DoHey
says:
agricultural yield for the year 19O9-5G3
billion dollars at a. low estimate Inere
will probably be shipped to the hVe
stock markets so million dollars worth
of live stock. a good per cent OF these
vast sums will be deposited in the kan
sas banks. Previous to the last lew
years most of the net profits OF agrl-
culture and all pursuits in Kansas we're
sent ont of the state to pay outside
frdebtedness. This has been material
" decreased from year to year until IN
the present year it will reach but d
small per cent of what it has been IN
former years. More money VIII be re-
taired in Kansas from now on than
ever before in our history. There are
only three states in the Union IhdL
outrank Kansas in her assessment OF
property-New York, Pennsylvania and
Massachusetts In proportion to popula-
tfOu. both Massachusetts and Kansas
lead the other two. or. ir other words,
Kansas and Massachusetts lead the
nation per capita as to as
sessment of property. With Kan
sas harvesting a tremendous wheat crop
and its promise of gathering the largest
corn crop in its history, there IS every
reason to believe that she viii even
surpass Massac achusetts and lead all
states in the matter of per capita wealth
this year.
The statements in detail follow:
STATE OF KANSAS
OFFICE OF STATE BANK COMMIS-
SIONER. TOPEKA.
Abstract of Reports of 7S5 State Banks,
Private Banks and 5 Trust Com
panies at the Close OF Business June
80 1903
RESOURCES.
Loans and discounts -.-...S 72,196. y
OVerdTaftS -...--.. -.--.--- 61O,064. II
Real estate --. e.. --..------ 51S,S42. 90
Baking house, furniture
and fixtures ..-.... ..-..- 2.161, ,012.57
u S. bonds on hand. 1873, ,369. Is
other bonds and warrants 2,602. .951. SO /
Cash items and clearing
house items =. ........... 4S6. .4O5. .@S !
Cash and sight exchange. 81, ,647, ,403 90 |
Other resources .... 163. 434. 81 |
s111169. .S94. - |
LIABILITIES.
Capital stock ....... 49,. $ 1875. 500. on |
Surplus -.- ...-. .--.. eco. 1854, 5S3.5 /
Undivided profits ... .... 2.OO6. .969 80 /
DIVIDENDS declared. but
not paid ....- ... .-..-...- 29, ,66S so !
Deposits ..... .-..- $3.50. .... SS49O. .S62. IS I
Bills rediscounted -. ...... 898. $50. .O6 /
Bills payable ... .... ....... 27S925l4
Other liabilities e. ......... 12S 984 IS /
-
ST.. t,,,1--, .,-. ~ - go 80 90 Ios 'f'o'
49, - PSI ISll'' /
oolng ouSIlleSS IN me Sta1e OIL Kansas
1909:
80, ,iH.1f'l-t NE-E9o,. !. X f's7- |
G1,ar5rsfte sft,. o-eSo go l9y e9y9s 81
I. $. bonds on hand d........ 426.810 90 /
I. :. bonds to secure cir