The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1910-08-05
BANK RESOURCES
SHOW LARGE GAIN
South Leads Whole Country in
Increase Of De
posts.
CHAMBER ISSUES STATEMENT
Virginia Now Has More Deposits
Than Entire South Had
in 1880.

Statistics of national bank resources.
capital and deposits, compiled by Bus
mess Manager W. I. Dabney, of the
Richmond Chamber Of Commerce,
show Virginia by comparison with
other Southern States. to occupy u
most gratifying position we'll up near
the top of the column.
Texas, Maryland, Kentucky and Vir-
ginia, respectively, show the largest
aggregate national bank resources OF
the Southern states. In banking cap
ital for 1909 Texas, Maryland. ken
lucky, Tennessee and Virginia. re-
spcctively, show the largest amounts
In individual deposits, Texas, Mary
land, Kentucky, Tennessee and Vir-
ginia, respectively, show the largest
amounts.
A comparison of the national banks
of the Southern States in 1910 shows
the following: In aggregate not bank
resources Texas. Maryland and Vir.
ginia lead in one, two, three order
The three States make the same com.
parative showing In capital, and in in
dividual deposits.
Virginia and Texas show about 900
per cent. increase in national bank
aggregate resources. capital and de.
posts. leading Kentucky, Tennessee
and Maryland, the States particularly
mentioned in comparison
South Leads Whole Country.
The South shows a marked Dercen.
tage of increase in national bank re.
sources, capital and deposits com.
pared with the increase shown by the
country as whole.
In the past ten years the aggregate
capital of the national banks in the
South Increased 104 per cent, while In
the whole country the increase was
only 81 per cent.
The aggregate resources of these
same banks increased 14S per cent. !;
the whole country showing 90 per
cent. While the South's Individual de-
posts increased 149 per cent, The in
crease of the country at large was
only Ito per cent In connection with
these comparisons. 1t is interesting to
note that Virginia. Maryland 'and
IeNas each have more deposits in
their national banks than the entire
south had In 1880. In the past decade
the aggregate resources of national
oanks In the South have more than
| trebled in Virginia, Georgia, Miss.ssip-
pi, North Carolina and Texas. In ten
years the number of national banks
In the South increased 1871 per cent.
while in the entire country the gen.
erai increase was only 81 per cent.
The financial condition shown by
these statistics should be most graft
1Elng to investors within the State OF
virginia. and very attractive to CAPT
tai outside Of the State seeking in
vestment in The South. 1t shows con.
v,ncinEly the great opportunity for
capital and enterprise the South holds
out to the world.
Chamber Issues Statement.
In connection with these statistics
the following statement has been is
sued by the Chamber of Commerce.:
The South wants to increase its
population with intelligent, enterpris
ing. productive citizens. It's co-opera.
tive energy should be directed to this
end, which would result in greater
, prosperity and happiness to the PEG
pie OF the State than Is enjoyed by
any like area or section in the world.
Virginia occupies a foremost position
In the South for opportunities Every
citizen should acquaint himself with
conditions and determine never to lose
a chance to !mpart the facts to citizens
at home and abroad. Every citizen
and countryman ewes to his State all
| the time and means he can spare t,
the advancement OF the community.
Such contribution would inevitably
| rebound to his individual benefit. One
cannot help his neighbor without help
Ing himself and his family