The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1910-09-23
Comparison Of Prices Of Govern
ment Bonds In Last Thirty
Years Shows This to
Be True
BANK STATISTICS GIVEN OUT
Most Complete colleatiOn of Statistics
Ever Gathered Together Com
piled by Or. Andrew Of
Treasury Dept.

Washington, ID. c.. Sept 2S.-That
the United States enjoys the best cre-
dit of any nation appears in a COM
parison OF the prices of the Govern
ment bonds of England, France, Ger
many, and the United States during
the last thirty years. Such a compari-
son Is one of the features In the ex-
tensive compilation of tables showing
many aspects Of American banking,
just issued by the National Monetary
Commission. One table, which re-
duces the prices of the various bonds
to the basis of per cent bond
shows that on this basis English con-
soils were selling in 1898 at 120.6S and
our per cents of 19oS-191S at
1851. BY 1909, however. our 3 per
cents had come TO sell at a higher
price than the consols, bringing
1O1.75 as compared with 10052 for the
consols.
information From $4,000 Banks.
The publication referred to is the
most complete collection of statistics
Of banking and currency in the Unit
ed States that has ever been publish
ed and takes the form of large vol
ume entitled statistics for the United
States, 1s67-1sOs." This work was
compiled by DIR. A. Piatt Andrew. As
sistant Secretary of the Treasury. and
special assistant to the Commission.
Under his direction, information was
obtained on many phases of American
banking from nearly $4,000 banks
througout the country, far larger
number that had ever before reported
in any government investigation. Data
have also been furnished by the clear
ing-house associations OF the leading
cities, by the leading financial jour-
nails, and by all branches of the gov
ernment service. The volume contains
unique collection of financial infor-
nation conveniently arranged, which
will prove of great value for those
interested in the solution of present.
day banking problems.
Very Useful Table.
Doctor Andrew has divided the work
into four parts. Part |, which con-
tains general statistics illustrating the
growth of population, wealth, business
and commerce, serves as good intro
duction to the parts dealing with
banking, money, and finance. Statis-
tics on banks and banking in the
United States are found in Part ii.
Part III is devoted to statistics OF
money, gold supply, foreign and DO
mestic cash movements and rates OF
foreign and domestis exchange. Part
Nv gives statistics of the United States
Treasury, including government re-
ceipts and expenditures bond issues
and bond quotations, cash balances
gold holdings, and deposits with ma
tional banks. The frequent use of ex-
planatory notes throughout the volume
much increases the usefulness of tue
statistical tables.
. Number of Banks Increased.
The number of national banks In
= the country increased from 1886 In
= 1867 to 3,7s2 in 1900 and TO 6,ssS II
1909. state banks increased from %:
in 1867 to 1919 in 1909. In 1867 thu
capital. including surplus of the ma
tional banks. was s4s1, 100000; II
n 1909 il was 1881, 100000. State banks
though they outnumber the nationa
e banks. have combined capital of bu
n s5eS. 700. 900. Trust companies, whic
e have multiplied very rapidly in recen
a years, reported TO the number of l,OI'
& showing a capital of s7f4,4oO,OO'
II Figures for the average capital brin
d out the fact that in 1909 the trus
N companies led, with an average capi
k tai of S662, 100 the national banks an
Ie the state banks having $4,000 an
rs s50,2OO. respectively.
ID Other Information.
III The table giving the number an
average capital OF national and sta
bank by state. 1880. 1890. 1900. 100
brings out the fact that the hishe
average capital in the case Of nations
$ hanks was found in 1909 in the stat
ne of New York, $4,000; the lowest
North Dakota, s45.7O0. In the san
'e year the New England States had
national banks to only 10 state banl
whereas in the Western states gre'
preponderance of state banks
showns-3,O26 state banks to 1.120 M
ne tional banks. The rapid developmel
Is of banking i'm the South and West
shown by a table giving the tot
~ number of commercial banks
states In 1880. 1890. 1900. 1909. a.
u ,ho numher of inhabitants to ea'