The Salt Lake herald-Republican. [volume] (Salt Lake City, Utah) 1909-1918, 1910-12-13
GROWTH OF BANKS
OF UNITED STATES
Report of the Comptroller of
the Currency Shows Con-
tinued Prosperity.
FEW FAILURES FOR YEAR
Weak Banks Being Put Out Of Bust
ness for Protection Of
Depositors
FEW FAILURES FOR YEAR

washirrtor. Dec. f2. - Another
year OF prosperity and sond growth
Tor the banks o. the United States is
recorded iu tEc annual report OF the
comufroller or the currency. present
cd To- Congress today.
Not only the national banks. which
come directly under the control and
supervision Of the currency bureau.
arc Included in the review OF bank
ing conditions. but state banks. saw
iugs banks. trIst companies and other
financial Institutions - some 1900
Othcrz-8re represented.
During the fiscal year OF 1910 the
combined resources OF the 1000 ma
tionai banks Of the United states grew
to approximately 0.00o.O00.9OO. on
september ] last their loans and dis
counts had reached 5000. 600 600. an
amount never before cqualled IN tho
history of the national banking sys-
t.m since ffs creation o. 1854. A. the
same time. they were counting nearly
$50. GOO. GOO of Ovcrdrs.fts in their as
sets. "a practice which there is no law
to stop
Growth OF Banking Power.
Combining an other banks I'm the
United States aud its island possess
sions with those OF the national sys-
tenn and allowing an estimate for
those u1t reported 20 is evident from
tiic cOmutrollcr's report that the
banking power 81 the nation has
grown I'M the last ten years from 49,
90 of ail sorts OF banks. with cap
it1l OF Sf.15o.000.000. and individual
deposits or ST6SSO0O.OO0. 60 more
than $1,000 banks. with "a combined
capital close Co $4,000. 0OO. 900. and in
dividual deposits or nearly $4,000
100000. The deposits have more than
doubled iu little more than decade
and boz the same time the combined
loans and discounts have grown %
more than $4,000. 100000.
The volume OF business is reflected
iu reports from 131 clearing house cx-
changes. showing combined clearings
OF 100000. 100000 FOR the year end
ed ON September 80. as against S15S.-
s0n.n00.O0O FOR 1903. With the exc
cepuous or Cincinnati. O.. Houston.
Texas. Grccusburg. Pa. Fremont.
Nrb.. Franklin. Pa. Colorado Springs
and Nicksburc Miss. the year showed
au increased volume OF business trans
acted
Enormous ClcariugS.
The Ncw York Clearing House as
suCigtiOu represented sixty per cent.
0f the cloarings OF an associations Of
the country. and during the current
year has reached 600.
some $4,000. 100000 greater than I'm
1903. For those enormous transac-
tious balances OF only little more than
Sf.n00.00O. $1,000 were used.
Four actual uatioual bank failures
marked the year. Final settlement OF
the affairs of eighteen insolvent
banks was made iu which depositors
received nearly eighty-six per cent.
These administrations were made at
au average cost OF about five per cent
ON the collections. From the date Of
the first failure iu 1855. 514 national
banks have been placed in the hands
of receivers. and twenty-five OF them
have been restored 20 solvcncy. More
than S3.G00.o0O in dividends was paid
to dcpositors of insolvent banks dur
ing the year
On the whole. &C. appears from the
report that national banking conser-