The Birmingham age-herald., 1914-07-18

New York, Chicago and Boston.
 It does appear a little strange that so large city as Philadelphia should be- so lar as it's barking strength represented py gross deposits is concerned, well down Tn the list. The largest of Philadelphia haEks reports only 5000, 900 of gross de- posits, and in this respect it is only a lit tie ahead of Pittsburg
 In the last year of the nineteenth cen tury observing bankers of New York be- gan to take heed of the growth in de- posits and resources of some of the smaller cities of the United States. smaller in comparison with New York, Chicago or Boston. The reports then re- ceNed seemed to demonstrate that many Of the cities of the west were beginning to become rich in money resources. At tent1on was at first fixed upon Pitts burg. The reports of the banks of Pitts burg as long ago as 1896 demonstrated that Pittsburg was rapidly becoming a city Of great and independent financial strength. The colloquialism of the day in the Wall street district was: ''There' $ lots of money in Pittsburg." At first this was presumed to be due chiefly to the carnegie Steel properties and some of the other large industrials of Pittsburg, so that 1t was though that this growth might be for many years confined to that city But after awhile it was observed n- creases in bank deposits and the report made on June 30 to the comptroller at Washington showed that one Cleveland bank IS carrying gross deposits of $350O0. . 900, an amount which 20 years ago womb have been called phenomenal were any New York bank of that time to have re- ported it. It began to be said of Cleve land early in the present century that
 There IS great deal of money in Cleve- land.'
 Detroit. in this latest report to the comptroller, gives good demonstration of the possession by it's banks of very heavy lines of deposits. One of the Detroit banks reported s45,000,000 of gross de- posits, sum practically equal to the largest gross deposits reported by Pitts burg. This is in part attributed to the growth of the automobile industry
 BuHaio Is shown by this report to he Tn very strong position and to be the center of very large industrial and com mercial activity. It has become A money center. TWO or its banks report gross deposits, one of s45,0Oo,0O0 and another of s25, 900, ,000 oi Kansas City gained recognition some 10 or H years ago as an influential money city, city rich in it's own independent iunds. That is attributed here in part to the packing interests. It is the small est city of the United States in popula
 'oi' .o iopoit tndl one or US banks car ries s2ooe000o of gross deposits, with a single exception--Albany N Y., one of whose banks carries like amount This IS explainable probably by the fact ina Albany is the capital of state and tbe state treasury department collects large funds iei SC
 In the Northwest
 Not the least gratifying of the reports received by the comptroller which show, the great growth of banking strength and therefore the growth of industrial and commercial activities were the reports received from the vast region of which minneapolis Is the center That city ba s become rich in money possessions. One or US banks carried $32 O0O,0O0 of gross deposits and another s25,O0000O. while A pank Tn the neighboring city of St. Paul carries $21,oo00O0. Disclosures of this kind when the reports that were made to the comptroller or the currency have fur ilsnea are lndisputable proof of the rapid sroWeh or the west and, 1t may be added or the Pacific slope, which contains three banks that are in the s25, GOO. GOO class will respect to banking power and the rapid accumulation of money capital re1ecting . industrial and agricultural activity If should be reported in connection with tbis matter that many of these western bank Ing institutions furnish great markets for eastern commercial paper. Some refer ence should be made to the growth of St Louis, one of whose banks carried s42 : oW.ooV or deposits, another $32. .OOO 900. and stih another S3l 3l000.000, figures which of themselves demonstrate the industrial ac- uVitles or the vast regions of which St LOUIS IS the true metropolis