The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1909-01-07


seven. iua d0a ieposits ~ national
hundsed and sixteen thousnna seven
hundred aud twenty-nine dollars and
tWcnty-une cents.
November twenty seventh nlnrteen hun
drcd ana eight, Individual deposits in
nAtionnl banks, thlFty-six million two
hundred and eighty thousand three hrn-
dred ana foriy-six dollars and twenty
three cents
decrease in deposits during this year
two million. thlrty-ciehs thousand three
hurdred and eighty-tWo dollars and nlne-
~ eight ceuis
NJ SLATE banks. November twenty.sev.
nineteen hundred and seven individual
depcats. seventeen million, two hundred
aal fifteen thOuannd i've hundred enG
thfts-uVc dollars and forty-four cents.
III state Banks oyemhcr twcbty.fev-
enih uretecn hundred and eight indi-
yidual deposits. iweniy-nnc mifqn, four
hundred and seventy dollars and ninety
Increase IA deposits this yoar. iwnlvc,
million, two hundred and thirty three
tltHsaud feiir hundred and thlfty'lye
foilafs and tliy-two cents
Thus y Nll W seen that the net In
ersasf lp .atlonal ana state banks CONS
hGtd Cufue lhe ycnf has been ten inll-
HON one hundred aaa ninety hNe thpus-
and 9nd hftNrtwa dollars and hftY iour
ltan lNslt per cont increase q me
amount 0f individual deposits IN al the
banks Of the state llt vs. fair 20 Say
fht aNAu thirty national banks feo nail-
lxsi us fiRfl larks duFing the year, whiei
gehsinntniy accounts for tNarly al tie
two million dollars OF decrease Ia mas
iinnal banks. so that the national banks
siil existing have 4ubatAnuNliy held
their oWn during the wear. While the et0te
hnulSe without thC addition ~ these new
IrQUiNffInrE tfuQ tHa UnIiUnlf NlMlfN
show IA net gain of substantially ZEN and
one quarter million dollars deposits equal
% KAY pcf ccet gain 10 deposits during
NJ in'ei also ada that thc state
lHiks ore n excellent condition and 1p
deg thofnufh lhfutcii1u and regulation of
tho State Banking Department and ihat
oklHhaWa has ihc remarkable record for
the year lust closed out 0f total OF over
Hyr hundred state banks there has mot
been n HlnRle hank failure during the
year, ana only ono small bank eiaeHd .1d
thar for grosa violation o ,he state baak
Ing iaw--the violation consisting Of
managing oflicera borrowing the funds dee
r0Eitrd In tile tnnk Hud upon failure 10
comply with the Rank Commissioners
efdcl 20 replace the borrowed money. the
bank was closed. the dep9tlofA pan
within fartsae ~ hours. and Within lea*
thaa three nt the department had
liquldAt~d tha hase the point where
the draft oA the slHig -utee fund had
been entirely repaeedi saaels res
mainlng equivalent q ~ lut NJ diyc per
cent for the stptkh0laers
Ne congratulate the people Of our
state on the aufVees af la banking law
ana Commend the banking department 0l
iae stale upon ils eiellani and efficient
dlaeharre 81 management Of that de-
Hafsment end ihc haak anieefH uppn Tho
assistance that have rendered THE depart 81
ment ln making the banking business
safe and generally satisfactory 70 the
people
lt D. nlsn fair 20 the national banks 81
our state " say thar We lave every fel-
Son ~ believe they ufe III safe and pr9s-
neroug condition.
Tile bank guarantee fund has loat
nothing dufhg the year. ana the cost
OF administration has been less than the
interest earnlNgs ol the guarantee tund.
and while pRiAhoma Il the pioneer in @
auarantee law n recent tesrs we con.
sfalulnte our pSpple on the Stable condl
ton produced ln banking circles. the coas
hdcncp and approval Of the people, not
emily Within our state but n tWosthiria
% The other states IF the. uHlnu. whose
people haye added Is tho bank deposits
Of the Oklahoma state banks.
Railroads
One Of the important features Ia the
development and commerce Of the siute
Is our means 0f transportation. We h4Ne
now hfte-sx hundred ana nineiy-ilYe
miles of railroads operating within the
slain owned and operated by 4 total o.
twelve different companies, including the
six large railway systems uf t1e south
Ne9t These tWclNe corporations operate
their various lines extending inta a total
81 thirteen statch tineludlng Qklahomal,
and two territories.
During tie last fiscal year these several
railroad companies have constructed a
total OF one hundred and thlfiy-slS miles
of now road III oklahoma. ana total Of
only one hundred and thlisy-nIne niles
Of new railroads IA al Of The other twelve
states and territories II IS true the
4hssunl Of railroad construction In OKLA
homa during the seaf ls much less than
/ IT. former ysars yet as Oklahoma nlohn
/ has had as much new fnilroads bulif
within the Yenr as all Of the other twelve
states and Two territories combined, We
arr hound 20 feel that Oklahoma mas done
well III the pfhacnee Of exlAtlne c0ndl-
luns This small amount oI new con-
/ struction II practically due 70 the Tact
that after ten years Of reckless expan- :
sion and frenzlcd finance w the United
States the depression came IN the fait
- ni-nthas hun and arve'S 80 that
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