The Evening statesman. [volume] (Walla Walla, Wash.) 1903-1910, 1910-02-19
CHECK PLAYS
A BIG.PART
Continued From Page one.)


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from all sources are in the form of ex-
change for the clearing house or checks
drafts. and similar instruments of cred
| it which are not in the form of me-
tailic money or paper currency.
The inquiry Of 1894 was made by the
means of a blank prepared by Doctor
Kinley and sent out by the comptroi-
Ter of the currency, asking national
banks to give the deposits in dofferent
| forms of money and instruments OF
credit on May Is, 1894, by retail gro
GERS, butchers, clothiers, furniture
dealers, and fuel dealers. The result
of that inquiry was that $50 per cent
of such deposits as were reported were
cent in various kinds of currency. The
| inquiry of 1896, following similar lines
but extending to the question of pay
rolls, showed deposits in credit paper
by retail dealers amounting to ga per
cent.
| Doctor Kinley was not entirely salts
fed with the completeness of these
/ results and laid out under the authorf-
ty of the comptroller and the National
Monetary commission, much more
complete system of reports for the in
quiry of 1909. In sending out a series
| n n &C ha aytan6a1 fhn LIST
Of banks to which they We're addressed
to state banks, loan and trust COM
panies, private banks, and savings
banks. The date on which these banks
were requested to report their retail
deposits was March Is, 1909. Replies
were received from 1900 institutions.
state banks, 759 private banks, 4S2 loan
and trust companies, and 1914 savings
! banks.
The aggregate retail deposits report
| ed for all the institutions where the
/ blanks were made out properly were
$60.446,722 OF this amount, $44279,292,
or 1872 per cent. were in credit dicu-
rnents las against 67.4 per cent in 1896;
$13,314,6 $50, or % per cent. were In cur
rency; and $2,S52,7SO, or AS per cent,
were in specie, pretty evenly divided
! between gold andb silver. The largest
| of the national banks, where the per-
centage of checks was 74.7, the high
est shown by any class of banks. The
loan and trust companies come next,
with 1871 per cent. but their total de-
posts We're only about one-eigntn Oh
those of the national banks. The third
| in order of percentage is the state
banks, and the percentage Of credit
| paper in their deposits is 20 in aggre-
/ gate deposits of $15,50O,0 O0,, or about
40 per cent of the deposits of the ma
tional banks. The private banks, with
aggregate retail deposits of $500 |
show 6S.4 per cent of checks, while the
stock savings banks, with deposits Of
$377,495, show Gal per cent of checks.
The mutual savings banks show 1873
per cent in checks in deposits of $12,491.
From the national banks replies
which were available were received
from 5452 The aggregate amount de- |
posted by retail dealers in these banks |
on the day in question was $3S.623, 169. |
Of this total, $2S,s46,102 or TAT per
cent. was in checks; $S,066.669, or 20.9
per cent in currency; and $1.17O, 1898, |
or "A per cent, in coin. The state of
whose. bank deposits the largest per |
cent of checks appears is New York, |
| with $3.50 per cent. The state showing |
| the smallest per cent was Rhode ISL |
and, with $50 per cent Thirty states |
show a percentage of credit instru-
Sixteen show percentage higher than
so and less than 20. The District of
Columbia shows 81 per cent.
| The retail deposits OF the state banks |
aggregated 1882, O47 from 4,2sS banks. |
| The checks amounted to $10.SSS,66S, or
| 20 per cent. as compared with TAT per
| cent of the national banks. The cur
rency amounted to s3,67S,57s, or 23S per
cent; the specie to $685. or So per
cent. almost equally divided between
| gold and silver The highest per cent
shown by the returns OF any state was
S2 in the case of Wyoming II should be
noted, however, that the aggregate de-
posite Of the u banks reported for
Wyoming were only $32.995. The state
whose returns show the lowest per
cent among the state banks is Okla !
homa, with 45.2 per cent Twenty-Five |
/ states returned percentages of 70 or
more, but less than SO. while II showed
percentages of so and ess thaln 20. The |
y Al