The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1913-01-30
STATE and NATIONAL
BANKS MAKE DISPLAY
OF WEALTH OF DAKOTA
Statistics of Banking Discloses
Unprecedentedly Prosperous
Year.

Mitchell, S. D., Jan. 24.-The conf
bined report Of the state banks ana
the national bankcCf the state has just
been issued from SAC office OF the bank
examiner, coveraH the period from
September 4, tLa Kate Of the last All
The increase iE the different depart
nents in banking shows a marked m
crease over the September call IN both
state and national banks. The mount
due from banks has been decreased to
a marked extent, the figures
the sum Of s3,047,S46.25 for all the
banks.
The loans and discounts, embracing
ell kinds Of securities for state and
private banks, amount to S55,95I,4 3s.6s'
and for national banks, $27.O2S,36S.03
making q total of $3,473,357.39 for the
former and $1,777,7S6.02 for the latter.
The state and private n snow an
Increased expense Of S515,3O3.76, while
the national banks show none. The
bills payable tor state banks show a
decrease of s596,014.57, and the nation
al banks, $26S, 500. Undivided profits
make a fine showing, $l,212,OS4. 65 for
the state and private banks, and $304,-
1875 for the nationals. Deposits sub
cashiers checks indicate a large in
crease over the September call. For
the state and private banks they
amount to $24,104,170.67, and for the
national banks the same items show
s1s,553,773.23, showing an increase OF
500, 544.09 for the state and private
banks and 1896, 602.21 for the national
banks.
The combined figures Of the state,
private and national banks n the
trust companies, show loans and dis
counts amounting to ST., SIG, 294.50, an
lncrcaca ne ca O7odyQ ol If ,,r5iri5aJ ~
profits of $4,6S6,S39.SS, an increase Of
$1,544.793.46; deposits subject to check.
savings deposits and certified checks
Of $41,500.6S6, showing an increase of
s1,823,575. The time certificates of de-
posits in all banks amount to $3S, 215,-
863.42. The total due banks amounts
to $7,414,650.80, a decrease of s139,857,-
The report shows there are 497 state
banks, IA private banks, IL trust com
panies and 154 national banks, the ma
tionals having increased one and the
state banks having lost three since the
September call.
GREGORY NATIONAL AND
CORN BELT BANKS MERGE
Gregory, S. D., Jan. 24.-The most
Important financial transaction for the
Rosebud country that has taken place
here for some years was completed to-
udy, Wilell the National Ddnk
and the Corn Belt Bank and Trust
company consolidated under the name
of the Gregory National bank.
The Gregory National had a capital
of $4,000 and a United States bond
holding Of $4,000 to secure United
States deposits. This will be the capt.
tai and holdings of the new bank. The
Corn Belt bank had a capitalization of
100000, n was one of the strongest
state banks of this section. These 'panks
have been under the personal
ment of Joy M. Hacker and John P
Biehn most of the time since they were
most prosperous banks Of the Rosebud
country.
H. l.. Millay, president Of the Nation
al, will be president of the new bank.
John p. Biehn, vice president of h
Corn Belt and president of the Bank
of Carlock, will be the vice president,
with Joy M. Hacker, perhaps the old
est bank official in point of service, as
cashier. w. A. P. Zutz will be assist
ant cashier, and Martin Eichman book
keeper. All these men are well known
tive in merging appears to nave been to
cut down texpenses, as a saving of
about $4,000 annually with a raise l..
salary for some of the minor officers
is the result. The combined deposits
reach over $4,000
The business will be conducted in the
Corn Belt bank building.
FOUND IN TIME TO
AVERT BEING FROZEN
Morristown, S. D., Jan. 24.-While
getting Goa near the home of William
McQuay, a homesteader who lived