Abbeville progress. (Abbeville, Vermilion Parish, La.) 1913-1944, 1914-10-03
BANKS NAMES GIVEN
WITH RESERVES HELD
Secretary McAdoo Gives Names of In
stltutions Alleged to Be Keep
ing Money.

Washington. - Secretary McAdoo
made public Saturday a list of some
of the national banks in every state
which are carrying reserves largely
in excess Of their legal requirements,
and declares that if the large amount
of the loanable funds being kept from
active employment was invested in
commercial or agricultural paper, or
loaned on proper security, the pres
ent situation would greatly be inn
proved. The publication is in line
with the secretary's previous declara-
ton promising that the public would
be correctly informed as to the atti-
tude Of the banks. Each institution
named is required by law to carry a
reserve of only Is per cent, yet they
are holding % to "a per cent, and
Southern Banks are listed higher in
this respect than are those Of other
sections Of the country. Wisconsin
banks are the lowest. none being
above % per cent The First National
Of. Kemp, Texas, has the top record
with "a per cent.
The folio. ing is g list of the banks
in the states named reported upon:
Louisiaua-First National, Jeaner-
cite. SO per cent; Louisiana National,
Baton Rouge. 29 per cent.
Transformers and Merchants Ma
tioHal. Comanche, Al per cent; State
National, FL Paso, 50 per cent; Ennis
National, "A per cent; Ferris National,
AZ per cent; First National, Frost, so
per cent; National Bank, Grand Sa-
line, 40 per cent; Hamilton National,
AZ per cent; Jacksboro National. fl
per cent; First National, Kaufman, Al
cent; First National, Valley Mills, AZ
per cent; Victoria National, 40 per
cent; National Bank of West, AZ per
cent.
Arkansas-First National, Eureka
Springs, 81 per cent; First National
Huttig, A per cent; German National
Little Rock, % per cent First Ma
tional, Newport, As per cent; First
National, Tuckerman, as per cent;
First National. Van Buren,. 40 per cent
Missouri-First National, Joplin, 81
per cent: Cunningham National, Jop
! lin, 80 per cent; Scotland County Ma
tional, Memphis, &c per cent; Union
National, Springfield, DO per cent; Nc
/ Daniel National, Springfield, SO pei
cent; First National, Stewartsviile, q
per cent; First National, Plattsburg
/ 4S per cent; National Bank of Webb
/ City, 81 per cent; Peoples National
/ Warrensburg, 80 per cent; First Ma
tional West Plains, SO per cent; Jop
lin National. 80 per cent.
Kansas-First National, Edmond, 81
per cent; Emporia National, SO PEI
cent; Farmers National, GOodland, 8:
per cent; First National, Hutchinson
so per cent; Commercial National
Hutchinson, SO per cent; Leavenwortl
National, Leavenworth, 80 per cent
Farmers National, Saline, 81 per cent
Oklahoma-National of Claremore
81 per cent; Citizens National, f
Reno. 80 per cent; Farmers and Mer
chants National, Hennessy, Al pc
cent; First National, Morris. 40 pc
cent; First National, Nowata, 81 pc
cent; Arkansas Valley National, Paw
nee, 32 per cent; First National, Prior
80 per cent; American National, Sa
pulpa, 81 per cent; First National
Saltwater, 80 per cent; Vinita Nation
al, Vinita, SO per cent; State National
Shawnee, so per cent; American Ma
tional, Tulsa, AZ per cent; First Ma
tional, Tulsa, 32 per cent.