The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1915-12-02
Trust COMPANIES.

! The 1915 edition of Trust Com
panies of the United States" which Is
/ the annual publication of trust com
pany statistics issued by the United
States Mortgage & Trust company
( New York, is being distributed.
The book contains the names OF
2,03l trust companies and in addition
TO the statements OF CONDITION OF
iI.777 trust companies throughout tiie
country, there is included lists Of Off,
GERS and directors of the various com
panies, together with stock quota
lions, dividend rates, etc
The substantial increase in each
item of the resources OF trust COM
panies in the past year, indicates
continuance of the steady growth
which has obtained since this COM
piIation was first started in 1903.
On June 80, 1908, the total re-
sources of trust companies were re-
ported az s3,e17,442, goo, while the fig
ures for June Goth this year are re-
ported as s6,328. 454, 1000, showing a
gain of over 81 percent The trust
company resources are now nearly Of
percent of the resources of national
banks reported on June 23rd as s1l,-
iSo, 000,0 900.
valuable table shows "recapitu-
lation of resources and liabilities OF
trust companies by states" and gives
for all trust companies in each state
the following items: Stocks and
bonds; loans, notes and mortgages;
cash on hand and in bank; real es-
tate banking house, etc; other re.
sources; capital, surplus and undi-
vided profits; deposits and due to
banks and bankers; other liabilities.
According to this reorganization, the
trust companies of Iowa are reported
as holding S.2,094,S00-0I in banking
resources.
In 1915 there were two trust COM
panies organized in Iowa, the Iowa
Trust & Mortgage company of Des
Moines, and the keokuk Trust COM
pany of this city. The trust com
panies of Iowa have found their chief
activity in the sale Of mortgage Sc
curities.
The oldest trust company in Iowa
is the Leayitt & Johnson Trust COM
pany of Waterloo, which was organ
lied in 1856 The Iowa Loan & Trust
company of Des Moines has the lar
gest banking resources OF any trust
company in the state It's resources
are over $500, 100000 IL was organ
lied in 1872 Within the last few
ganized Under the Iowa banking laws
and are subjected to the same examt-
nation and supervision that state and
savings banks receive
In the preface, President John w.
Platten says:
Each succeeding year reveals con-
tinued expansion OF the activities OF
the trust companies Of the United
States and the growth of additional
features of usefulness which bear
worldwide Significance.
Each succeeding year there rs add
ed to the available wealth Of the ma
ton through these institutions q
steadily augmenting volume Of re-
sources, this years increase of over
four hundred million dollars being a
notable example.
Each succeeding year the personal
and corporate business of the coun-
try shows increased confidence in
trust com panies as evidenced in the
continuous growth of their deposits,
OF which this years gain is 1881 ,943,-
69G75
Each succeeding year the trust
companies demonstrate more clearly
their ability TO care efficiently for
those Individual and corporate opera
tons which involve very large and
intricate transactions.
Zach succeeding year the tendency
to designate an institution of this
class for the execution of personal
trusts and the administration of es-
/ tates is becoming more and more
marked
/ Each succeeding year affords evil