Omaha daily bee., 1911-02-12
WHERE HAS The MONEY GONE?
Tremendous Shrinkage in Funds HELD
by National Banks.
BIG CENTERs HEAVIEST LOSERS
ORGANIZATION of New Companies SO
Far During Present Year Indi-
Gates n Great Many win
lie Added to List.
BY rREsrON .. ADAMS

/ NEW YORK. Feb. u.-tSpeciaI To The
| BeeD-What is becoming Of the money Of
the country. The showing made by the
last report of the national banks To the
comptroller Of the currency revealed the
astonishing fact that deposits in iaO ma
I uonal banks decreased Slgl. $50 4SN between
November and January T. OF this amount
more than $l6SOOOOOO was withdrawn from
thirty-nine national banks in New York
OltN. Eleven Chicago banks report a loss
OF 9,5O9,lI in individual deposits
Wall street is ready to make affidavit
lhat II hasn't the money, as much as 1t
would like to. Investments while heavy
do not account for ii. and financiers are
puzzled not To say more or less worried
1 to account for the falling off
New Companies Quite Numerous.
II the returns for January covering the
/ uuIpui OF new companies can be taken as
an lhIeN' the present year promises to ba
boou one In the matter OF interpretations
from statistics specially compiled bv the
uai OF commerce, Tor example, IL ap-
PtoiS thdI the charters taken out In tho
eastern states during the last month in
1luulns the filing OF certificates of inCrea Sc
IN CapltaI, represent Siob. 1890. the largest
tVlUl LOT any previous month I'm a series 81
Years. However, IL is to he. said mai on,
concern alone-the United propertiss ,,,,,,
pahE OF Calitornta-was Incorporated under
we Jaws or Delaware with authorized cant
tai OF S2JOOOOUJO. In December mo 80
aggregate was 1872. 5S7,ON and i'm Janiis,.,, n
year ago SlSrlSO,OOO The grand total of All
companies Incorporated last month u,itb .
capital of 100000 or over inrludiny ath -
states than those of the east reached
s,og 3 ~ tS !'y against SlSN2yl3Sj In December
ana vs. $4,000 in January last year
Applications from railroad. traction. in
uustrlal and miscellaneous corporations. ex-
elusive of municipalities and financial in
91uluyIuus' reached In January S225. I69 $50
lnt largest total on record for the opening
month of any year, due chiefly To tbe
ntGC,,'i''SSIatioh or cheap money and the re-
, IVA IN the demand for bonds. The in
crease over 1910 was $50 1903. $50. The trans
portatlon companies issued Sl55 lSp SlO
against only S3,O95 $40 a year ago the In
crease thus having been SlO2O9l,0OO. Indus
" "a ana other concerns nOated S6g,979.6JO
a decrease OF $3299o,55O.
Applications for New CnpitaI.
Records are now available 90 nau, cari,,t
appl,caIlons Tor the year 1910 in the four
sIeat financial nations In the order -
tri,ts nr OF their applications these coun-
france and Germany. Great RritaIn orE'
france furnished record making fipS,ras ~
Stnt psilE all earlier years. In the United
states ana Germany the figures also sbo,,,
Unusual activity, but are below The bish
Igures OF the previous year MS"
me ne comparisons that are appended indI-
go toIai borrowing for the four countries
on Sfo5bO49OO, comparing with "a ~ eSs oo5
~ IsuS The compilations are from az
S[t nyVe sources, including the Journal Of
commerce for the United States figHroGtk
me London Economist for the Rritisb az ~ - =
ions the Paris Financial News Tor ~
= lenGh IlBureS and the Frankfurter ZeitunV
II is necessary to emphasize that tho
Ta aenCh IEures include listings on the
rf,arquet OF the BOurse only the CouIisse
5 1870, ~ eS HoI Delng officially available The
Fafquet listings include SOS 961 S90 IN f,,i lIe
securities sS 5Oi $50 100 In 1909 and sly o20 10
ISo ZJS'SlO IN 1909 in securities Of strictly
aOo M o oIlEih, making total OF 81 O22, 2Sl'-
wv as against $25S 9O2 900 i'm 1909 IL a.
1oulISse ISures were included Il is esti
i I,aiea that the total French Applications
Si pu da would not fan much short OF S 200
$1,000 $1,000 whlch would still be below the
american and British totals FoIIoU,ipg
are the comparisons i'm tabular form: ms