New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-03-01
Kingston Banking
Assets Worth $18,9I4,998
If Divided Among POpula-
ton Each Resident Would
Receive $500.
FIVE NATIONAL AND
THREE SAVINGS BANKS
Institutions Have Largely Helped
Commercial Growth OF
the Town.

Kingston is noted In banking circles TOT
ite broad financial channels. 1t Is one
NJ the strongest banking circles IN the
rlndsop River district north OF New York
civ 1t has eight banks. five OF when
,.rc national. namely-the Rondout Ma
,ioosl. the Kingston National, the flrst
National Bank Of Rondout, the National
Ulster County Bank and the state o.
Now York National Bank. 1t has three
savings banks. They arc the Kingston
Savings the Rondout Savings Bank ana
ne Ulster County savings Institution.
Tho total cash value Of the assets OF
a.. eight banks Of Kingston is S1e'slA'-
s>S How splendid a financial showing
,his IS will be readily disclosed in an
,ral,siq II the figures. Kingston has
noorlation of about 10000, and consc-
rreruv II tho bank assets were DIVIDED
.,uall, among every man, woman ana
1ld I'm the town. each resident would DC
entitled 20 receive the sum Of $3.50. Ihat
slim NAV not appear large 10 most OF the
thrifty people OF this beautiful city alons
the Hudson. but nevertheless 1t Is DIS
ono
Tho census Of the monetary strength
of the United states. as compiled fo'
r,r,,,,, 1910. shows that on that
si,,e -ha per capita wealth Of the couh'
NV rs regards legal tender was 500 a.
And Sab q = person is very high marx.
The hich record in this respect was heiu
ON January /. 1910. by France. France
had tbon an estimated population or ~
soo ooo and a stock of gold valued a.
sq.s 400. 600. It's stock of silver III GU
culation was $l11.1Oo.ooo. and IT'S pane
CURRENCY was si50.3oo,00o. Each resi-
d,,, ~ that country would have been
entitled IN receive So IS if the money
b,a hem evenly distributed among the
,o,,,1s,ior Servia was among the ia
lions with tbeIowest record for per cap
la financial strength. " had on Janu-
,rv1 1910 only 81 25 20 give cach OF i'9
residents.
Many other interesting comparisons
NAV be formed by students OF statlst'c9
hent on emphasizing the la0s n,th
lc,rqstop g. splendidly equipped WIN
financial resources. The 'oia' Naiu7
tho gold production of California IN iS nn
wac little short Of the szV'VvV'VT
mari, and i'm Colorado the output OF GU
g. NAT wear was little more than Wv
600 600 IT will thus be seen that inc
banking assets Of Kingston are aI'"0S
Equivalent 70 the 1911 productioh Oh gu
,n california or in Colorado NeVaod 10
srotber one OF the great gold "''"''s
states Of this country, and the hguTes VI
sssavers for 1911 placed tho VaIue % -
cold production for that year at Il''''
over t1S.Q00,000.
u has been truly said that the manu-
featuring strength OF town depehu'
largely upon SIS financial strength. 40
town can grow rapidly and assume
larger Mace i'm tho commercial world il
q, has not deep and broad financial cham
,le TInreton manufacturers nave
newer had TO go any distance from the'
f,,,. town To- be accommodated imam
,.uv The Kingston banking institu-
tore isetlr point with pride TO the i"C
farf they have always striFen 10 @u
vance The manufacturing interests u
Gil. Hudson River city. Not only ha'e
f.o banking institutions been ever aieit
t. f,,roas. fine fame Of Kingston as Il
commercial centre. but also 10 stimulate
f,r buiidtns Of more modern business
N'I.INN lures Tor f'idli "
ro.rs and for the Improvement WIN
irodc residences Of many sites III Nafl-
ols sectioYs Of the city Manufacturers
looking for new places for their con
oerns win Doc well repaid by remem Der
lnD those few facts about the hnancla'
ir.0urcce of the banks Of Kingston
Tho Rouoout National Bank was or
ranizcd SO 1850 aud occupies large
plot of ground at 40 80 Ferry street
MD so c2 Eant stranc. IT. capital ~
500. 900 ard its surplus $4,000.
The officers 81 this strong nations'
bank arc Palmer 4. Garfield. president
a. e. Stables. Vice-pros.dcut. and \. W.
IbOiupsor. cashier. Tho directors OF We
bank are .DcsidcH Mesarh. CHnheIo'
Staples aud Thompson -GeOrgc Hutton,
James Tongue David Terry. lioWaIH
lhiDD. r. VI DoTemuH Williain T. i'ai
frrt1. william Roach and James
DrHer. Tho institution tranfacis gen
'fgi banking business II sen" paIs
money ordcrE 80 less than the pricc OF
pDefDfice or other money orders. ~ ~
'lcelieut bank safe deposit facllitlcs' w
lVleH renting from ~ 20 40 - year
Tie financial statement or the bank AZ