Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1910-11-03
CALIFORNIA
Far Ahead OF Louisiana From a
Financial Standpoint.
COMPARISON OF TWO STATES


classes Her Southern Rivai-some
Items That Ought to Tell Heavily
as Arguments For the City of San
Francisco.
with no design to lay bare a RI
yaPs hard circumstances, but to as
certain definitely the relative and
comparative ability of California and
Louisiana, and of San Francisco and
New Orleans, to finance and handle
a worlds fair, the California Exposi-
committee has been looking into the
banking figures of the two states and
two cities" says the San Francisco
Call. The showing is tremendously
against Louisiana and New Orleans.
Herewith are some items that
ought to tell heavily as financial
arguments for San Francisco They
are taken from the report Of the ma
tional monetary commission and re-
late almost wholly to conditions on
April %, 1909. That they a~e exact
and authentic there can be no ques-
ton.
"The results of the comparison are
striking For example, with compar-
atfvely equal populations, California
has four dollars of banking resources
to Louisiana's one. The savings de-
POSTS of the states are 13 to 1 in
CALIFORNIA; favor, ranking California
fourth in the Union in this respect
and Louisiana tWenty-fourth.
San Francisco's 1000 savings
depositors have s154,000,000 tucked
away; New Orleans shows $1,000
such depositors with only $4,000, 900
laid up against that rainy day. San
Francisco'ss savings banks paid their
passbook holders in interest in the
year covered by the report upward
of $5,000,000; New Orleans savings
depositors in tn same period were
credited with little more than a
quarter Of a million.
According to the report of the
comptroller of the currency, the ma
tional banks of San Francisco in
creased their total resources $685.
100000 in the year 1909-191c; New
Orleans national banks increased a
little more than $2,000,000.
Below are the precise figures:
Comparative Banking Statistics Relative
to California and Louisiana.
California.
Population June /, 1907. 1,732,000
Capital of all banks zoos SO, 967, 1886. 80
Average per capita ...... 57.72
Individual deposits ..,.,.. 567, 1856 799. 90
Average per capita ..... 827 Al
Total resources of ....,,.. s42, 969, $50 90
Average per capita .,..., 4S6. 70
Total savings deposits. PSI, 228, 437. &c
Number of savings depos-
itors OBSERVATION-DISCLOSURES. $685.
Total depositors .......... $50, 149
Average amount of savings
deposit commencement. 5s5. 90
Amount paid savings de-
positors in interest 1908-9 S,122, 900 .79
Ranks fourth among states of the
Union in amount of savings deposits.
q. Ranks seventh among states in num-
Der of savings depositors.
Louisiana.
Population June /, 1907. 1,642,00o
Capital of all banks 5......s 81, 955, 800. 90
Average per capita ....... 10 81
Individual deposits ....... 90,504 $50. 90
Average per capita ...... 55.12
Total resources of -........ 15s, 642, SOP 90
Average per capita ...... So 81
Total savings deposits -. 21,356, 283 80
Number. of savings depos-
itors ........-............. so,73s
Total .depositors 1919. 1884
. Average amount of savings
deposits ................. 264. 90
Amount paid savings de-
positors in interest 190S-9 301, SGT. rs
Ranks twenty fourth among states of
the Union in amount of savings deposits
Ranks twenty-seve among states in
number of savings depositors.
San Francisco.
Total savings deposits 80. s153, 1872, 1856 .O5
Total individual deposits 243, 1927, 437 AZ
Number of savings depos-
itors NEUTRALITY-SUSPICIOUS.. POS, $50
Total number Of depositors 252539
Average savings deposit :: 74o. 90
Amount paid savings de-
positors il interest 49,. s228s27 Sc
Increase in total resources
of national banks 1909-10 103,620, s2s. Sc
New Orleans,
Total savings deposits. 1886. 783. "a
Total individual deposits. 42979,077. Is
Number of savings depos-
1tors Observation-Disclosures. $3.50
Total number of deposisors 74,019
Average savings deposit 800. 90
Amount paid savings de-
positors in interest 2S5, 1877. 10
Increase in total resources
of national banks 1909-10 2,s70, 22s. IA
Note-The figures above given are
taken from the report of the national
monetary commission, and except as
noted relate to April %, 1903
The last comparison is taken from the
reports Of the comptroller of the cur
rency.'