The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-11-29

tional Guard. | want the men who
have done the work for Michigan to
have the praise due them and not the
SANDER which Is being circulated in
some parts of the country. | am tired
OF an age when it is the aim to collect
money. Enjoyment is the great aim.
Teach men and boys how to enjoy the
fruits of their labor.
Last of all, | wish personally to
thank your citizen, my friend, Briga-
der General Abbey, for the work he
has done for me in the north"
Banks Show Gain In Three Months.
According to the report of State
Banking Commissioner E. II. Doyle,
Michigan state banks and trust COM
panies show gain of $2,096, 600.52 in
aggregate business since the last re-
port, August 8. 1913. During that pc
Rod there was a net increase in loans
amounting to 1888. 05162. with total
increases In deposits amounting to
$903. 464.34. State banks increased
In capital stock $166.567.
AS compared with a report made
by the department November &c, 1912,
or years period this report shows
an increase In loans amounting to
ST., 000,078.73. with total increase in
deposits for the year amounting to
$19.572,042.29. The capital stock in
creases for the year period amounted
to $1,989,320. For the period, August
8 to November 18. this year the COM
mercial deposits increased $457 ,385.87.
while the savings deposits increased
$446,078.47. Taking the last report as
compared to the August report, a three
months period, and comparing with
the report Of year ago, it will be
noted that the loans and deposit in
creases show falling off during the
last three months period.
The total reserve maintained by
Michigan state banks and trust COM
793, 25705, or 1913 per cent. The to-
tai cash reserves amounted to $23,088,-
1861, or $50 per cent. 1t will thus
be seen that the total reserve carried
by Michigan state banks Is 81 .045,-
1921 over the requirements of the
banking law.
This report Is based on 453 state
banks and six trust companies.
Based on savings deposits of $217,-
1S7,258.99, the law requires mortgage
and bond investments of at least $685.
698,367. The report shows that the
mortgage and bond investments ex-
coed the requirements of the law by
$35, 1884, 3705O. The savings invest
ments, together with the savings re-
serve, exceed the savings deposits by
Sc, 1922, $3.50.
During the period of January 1, 1913,
to November IS, 1913, IS new banks
and one trust company with total
lied They are: Au Ores State bank.
Au Ores, $4,000; Newport State bank,
Newport, $4,000; Peoples Savings
bank of Coopersville, Coopersville,
$4,000; Peoples State bank Of Caro-.
Caro-, 100000 Arenac County State
bank, Omer, $4,000; Peoples State
bank of Belleville, Belleville, $4,000;
DdBBett otdte pahh' Da66ctt, @SV'VVV'
First Commercial State bank, Royal
Oak, $4,000; Watervliet State bank,
Watervliet, $4,000; Romulus State
bank, Romulus, $4,000 Rose City
State bank, Rose City, $4,000; State
Bank of Linwood, Linwood, 100000:
Port Austin State bank, Port Austin,
500, 1000; Pittsford State Savings bank,
Pittsford, $4,000; Central State Bank
Of Benzonia. Beulah, $4,000; State
Bank of Cedar, Cedar, $4,000; Spring
wells State bank, Springwells, $25, 900;
Commercial Bank of Stambaugh, SIAM
baugh, $4,000; Grand Rapids Trust
company, Grand Rapids, 100000.
Michigan interpretations.