The Fairmont West Virginian. (Fairmont, W. Va.) 1904-1914, 1911-07-13
MITHENs' ADDRESS
THE STATE COMMISSIONERS OF
BANKING GIVES iNTEREsf TING
STATISTICS SHOWING GROWTH. (

WHITE SULPHUR SPRINGS, ".
va. July Is At ne second days SEES
sion of the Ell Eighteenth annual meet
ing OF the West Virginia Ba1 kers AZ
sinking sam 4. NJ news "a discuss;
ms the bank deposits scented q
ures that surprised even the banker.
he sIio,s ned that Though the popula-
ton 81 the State had Increased ~ per
cent. during the past ten years, the
bank deposits OF the State had In
creased 176 per cent
Mr.. Mathews address was short but
It con tanned maetl INF futa tior, IN the
way of showing the gfeat increase In
the banking busines IN The STATE DUR
ing d ten year period
4 Other adde's were; made by
united States Senator Theodore n:
Burton, Of Ohio. on .pThe AldrlCh Plan
and the Future of Banking Iegisia-
Itior. y and BY Charles Edgar Hogge
dean, Of the College Of Lawof the.
west Virginia University on THE
virginia Debt Dean Hogg was for
merly one Of the counsel for West
Virginia in thEsgsuit ~
Mr.. Mathews said, In part:
"In 1900 there were 40 National
banks, the deposits Of which amount
FED to a$t5,54g,000 (as taken from the.
report Of the Com ptroller Of the Cur
rency.) In 1910 there we're 1OS Ma.
tional banks, with deposits Of s42, y
EO0O, showing an Increase OF 'ss7i 49,
600, or IT'S per cent.
"In 1900 there we're SO State banks,
the deposits amounting to $2l 900,
and in 1910 there were 17s State
banks, with deposits Of s59,1sS, 600
showing an increase Of $S7 S741O0s or.
ITS per cent, n
"These figures Show that the in+ii
crease in State aTid National banks
together amounted to $65,O560O0 or
176 per cent. The census of the State,
of West Virgiiia for 1910 shows,an In
crease of "a per cent ID population
for the last ten Years While the de-
tposits in the banks Increased ll6 per
cent. ~ "a
"GeltlemenS this SIS "a remarkable
showing for the banking business OF
our State aid something that YOU
should be proud d, and IgknoRs Of no
Eother State that ean equal 1t. will
tsay further that tile Improvement in
1.-THE service has been in about tine
same proportion and today West Vir-
Eginia with her natural and largely
Eundeveloped wealth can look upon her
bankers with confidence and assur=
lance that with their aggresslyeness
land honesty the business interests
Twin be- competenfly taken care Of.
you cannot go't any city in the State
without being IMPRESSED by the beau:
Itifnl and up!t6-date bank buildings
most all of which have been built
within the last teniyearss and no bust
ness that know Of has improved as
the banking business in West Viz.
ginla. {1,@iIb So
"The deposits for the last year show
q healthy increase, From JUNE 50.
I191O. to June z, 1911 there was an IN
crease of SSS,g54,4SS. in State banks 4
lin National banks, 1895 ,SO6, making
an increase in total deposits Of 81
OSO,794. ..,.,
ave now have in this State 1S3
state banks idltr1st Companies, with
assets OF $SO,572, 722s 106 National
banks with assets Of $74, O52 1855,
and "A building and loan associations
with assets of $4,9S4,S51.
Eve are glad to say that we have
had no failures during the last year
and that the banks In general'are in
very satisfactory condition"