The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1910-11-05
. CALIFORNIA
Far Ahead Of Louisiana From a
Financial Standpoint.
COMPARISON OF Two STATES

UUUlt AIilOUU Ut jUU OjAIIO
Bank Statistics Show That the Pa
cfic Coast Commonwealth Out
classes Her Southern Riva;-Some
Items That Ought to Tell Heavily
as Arguments For the City Of San
Francisco.
with no design to lay bare RI
walls 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
worlds fair, the California EXPOSE
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 2S 1909. That they ave exact
and authentic there can be no ques-
ton.
THE results of the comparison are
striking. For example, with compar-
oti Co1i 10
has four dollars of banking resources
to Louisiana's one. The savings de-
rosits of the states are 13 to 1 in
CALIFORNIA; favor, ranking California
fourth in the Union in this respect
and Louisiana twenty-fourth.
"San Franciscos 100000 savings
depositors have $154,000,000 tucked
away; New Orleans shows $4,000
such depositors with only $17,000,000
laid up against that rainy day. San
Francisco's 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 a little more than
quarter of million.
According to the report of the
comptroller Of the currency, the ma
tional banks of San Francisco in
creased their total resources $103,-
100000 in the year 1909-191C; New
Orleans national banks increased a
little more than $2000,000.
Below are the precise figures:
Comparative Banking Statistics Relative
to California and Louisiana.
California.
Population June /. 1909. -. 1,732000
Capital Of all banks .....s 80, 9G7, S6s. 80
Average per capita ...... 57.72
Individual deposits ....... 567, 1885, 799. 90
Average per capita ...... 327. At
Total resources of ........ s42, 1863, $50 90
Average per capita ...... 4S67o
Total savings deposits. 2S1, 22S, 4S7 .26
Number Of savings depos-
ltOrS NEUTRALITY-SUSPICIOUS.. 5Z6,4
Total depOsitors .......... 8q0,149
Average amount Of savings
deposit .................. 535.
Amount paid savings de-
positors In interest 190S-9 1922, SOC. 70
Ranks fourth among states of the
Union in amount of savings deposits.
Ranks seventh among states in num-
Der OF savings depostors.
Louisiana.
Population June 1, 1907. 1,6420oo
Ca pital of all banks ......$ 81, 955, 800. 90
Average per capita ..... 1885,
individual deposits ....... eo.5o45 $50. 90
Average per capita ...... 5512
Total resources of ........ 15s.e42, 500 90
Average per capita ..... 90 81
Total savings deposits .... 1885, 1888 80
Number of savings deros-
ltOrS Observation-Disclosures. S0,733
Total depOSitOrS ......... 1884
Average amount of savings
deposits ................. 2e4. 90
Amount paid savings de-
positors in interest 1908-9 301,527 rs
Ranks twenty-fourth among states of
the Union in amount of savings deposits
Ranks twenty-seventh among states in
number OF savings depositors.
San Francisco.
Total savings deposits $153, 792,1s6, O5
Total individual deposits 243,927. 437, ~
Number Of savings depos-
itors ................ .... 20S,25o
Total number OF depositors 252,539
Average savings deposit >. $40. 90
Amount paid savings de-
positors in interest w 5,223S2 .65
Increase in total resources
of national banks 19O9-10 100, 500, 1928. SO
New Orleans.
Total savings deposits. S 1856. 7S3 40
Total individual deposits. 42,979,O77. Is
Number of savings depos-
ltors ................. 55,576
Total number Of depositors 74.O19
Average savings deposit -. 300. 90
Amount paid savings de-
positors in interest ... ass. 157 ~
Increase in total resources
of national banks 1909-10 2,37O.22s "a
Nots.-The figures above given ara
taken from the report Of the national
monetary commission, and except as
noted relate to April %, 1909. (,
The last comparison is taken from the
reports Of the comptroller of the cur
rency."