El Paso herald. (El Paso, Tex.) 1901-1931, 1915-01-30

do with the rapid development Of the re-
The foreign banks are doing a big busi-
ness in this capital Of Rio de Ia Plata basin.
This i6 especially so Of some whose chieI
offices are in London. The London ana
River Plata bank has capital OF agOO0'Ooo
and a surplus of 600 more The Lon
don and Brazilian bank has a capital ana
surplus Of almost $4,000, 600, and the Brit
over S10,0O0,O00.
The German Banks.
The chief German banks are the Banco
Aeman Transatlantlco and the German
Bank Of South America. The latter was
founded by the Dresduer bank and the Ma
tionaI bank for Deutschland, whose head
quarters are in Berlin and the former lS
q branch Of the Dcutscne Ueberseetcner
bank.
The Banco AIeman Transatanuco has a
capital of SO.0O0.0O0 marks, and the BancO
Germanico 20 000. 600 marks
italian. French and Spanish Represented.
There is a great deal of Italian, French
and Spanish money invested in Argentina
There are three large Italian banks each
Of which has big capital, and there Is
one Spanish bank with capital OF Sl0O.-
600 600 in paper, equal to S44.OOO,OOO In
gold, and surplus Of over S4O,OO0.OOO Ihi5
] is the Banco EspanaoI Rio de La Plata. lr
was founded % years ago, and it now has
1G branches in the federal capital and more
than 40 in different parts Of Argentina and
Uruguay. The capital Of this bank Is larger
than that OF the National City bank Of New
I York and it has long been paying big diVi-
/ bends.
As to the French banks the Banco
, Frances del Rio de Ia Plata, founded about
! the same time as the Spanish bank, has q
! capital of $40. 600. 900 in gold, and surplus
[ Of over Sc. O00, 900. Its profits run from two
: to three million dollars a year. and it re-
! Gently issued new stock at 40 percent pre-
/ MUM, and this was subscribed for twice
/ over by the shareholders
I About the biggest Italian bank is the
( Banco Italia Rio de Ia Plata, which has
I an authorized capital Of $2O.0O0,O0O In gold.
Nearly All Make Money.
: Nearly all of the banks OF Argentina are
! making money. The interest rates in ordi-
! nary times are from eight to ten percent
/ and in hard times like the present one
I percent a month is easily got and the
loan brokers charge more. One bank In
Buenos Aires had last year about 1000
I applications for loans amounting to some
thing like hundred million dollars II
The profits Of the Banco Espanaol iu
1913 were more than five million dollars
and the Bcnco Italia made more than one
million with its lesser capitalization The
I Banco Italia paid that year Il percent
which was tho same amount Of its dividend.
I for 1910 or 1911. The Angio-South Ameri-
can bank has been giving dividends or from
The British bank Of South America pays
from 10 TO Is percent and the London 2n'
. Brazilian bank all the way from IS to II
percent. running at times as high as -
percent The Bauco Alcmau has paid rint
percent for q number OF years, and I'M
| BancO Es3anaol pays j. percent on it
common stock and over 80 percent TO lh'
holders Of the founders shares
Outside Investments.
A large amount of these great profits are
made in investments outside the banSin2
business. and the men Interested i'm the
banks have stock in the best dividend
paying corporations. In order 10 SHOW
gomethng OF what the country is doing in
dustrialy ! give you the profits OF som'
OF its institutions.