The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-12-30

Nothing more surely reflects the
solid business achievement OF city
than It's bank deposits.
The deposit total is financial
thermometer Indicating the industry.
thrift and business enterprise OF a
community.
lne story OF Richmonds business
and industrial! achievements is told
hy the figures on the books Of tho
banks more elocuentiy than trench
ant pen or silver tongue can tell
them,
And there are some statistics tell
ing this story that are 50 wonderful
that X IS hard for the average man
TO grasp their whole significance.
He can hardly comprehend that In
the fifteen months from September
/. 1910. to December s. 1911. the
figures showing the mere increase Ia
bank deposits In Richmond are a mill
lion dollars greater than the figures
indicating the total deposits in the
banks OF the city IN the year OF
1897.
A Wonderful Growth.
Fourteen years has wrought a
wonderful change and immense de-
veIopment in the city's banking bust
ness. In that time the bank de-
posts have jumped from $s.s3o.ooo
to s4s.o1s.eoo. The citys' bank loans
and discounts have increased from
s,sso.ooo to s4s.s24.ooo; and the
total assets OF the banks have grown
from t17,022,00o to 36A.Aso,0oo.
The great bulk Of this growth. Al
will he shown by the comparative
figures published below. has come In
the past few years Ono OF the sig.
nificant features Of It all liz, OF course
that the deposit increase tho pas,
fifteen months exceed all the dspos-
II accuInulations Of the banks
fourteen years ago.
In order to show how deliberate
was thu growth during the last de.
cade OF the nineteenth century anc
how rapid such growth has been n
recent years. ftvs periods OF the city'a
history are taken.
Figures Tell the Story.
In 1880 total deposits were S..
7so. 900: loans and discounts. $780,.
900: so11 assets. SIS. 000.0 600,
In 1897 total deposits were So
ZOO: loans and discounts. $12..
$4,000; assets. &17,O22.O00.
In 1901 the deposits were $19.
36s,0o0: loans aand discounts wert
sIs.S72,o0o. and total assets were
s26.4s5..
On September 1, 1910. total de-
posts were 335.S26. 600: loans ant
discounts were $ae.2lo.ooo: total az
| sets. s52.as5.o 900.
On December S. 1911. total do
posits we're $4s,o1s.ooo: loans ant
discounts. $43.s1A.ooo: assets. SIS.
40. 900.
Counting the new Richmond Banl
and Trust Company. which will ope,
| Its doors for business on the morn
| ing OF January 2. 1919. there m,
| now nineteen chartered national ant
State banks In the city. During tn,
| year the Broad street branch Of tn,
| Bank Of Commerce and Trusts wa
| bought out and reorganixed as tn
| Central National Bank. This trans
| action. together with the organise
/. ton OF the Richmond Bank AM
Trust Company. represents the prin
| cipai banking changes in tho cit!
| during the year. The great building
event Of the year was the BEGIN
| ming Of the erection OF the twenty
| story First National Bank building
The Broad Street Bank completed
| beautffuT new home. while the Mai
| Street Bank is Just completing
handsome banking and Office build
| ing.
| The most recent statements shov
all Of the city's banking institution
| to be on most satisfactory basis
! When 1t IL considered that thu
| public welfare Is immensely advance,
by strong, well-directed banking In
| stituttons Richmond may we'll be
proud Of its banks. as we'll az o
| the great development OF It's bust
| ness and industries which have mad
| possible tho splendid growth in tn
/ volume OF banking business here.