The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1915-03-28
PLENTY CASH IN.
EASTERN BANKS
FOR BORROWERS
GUT TIE BANKERS Are SAID TO
Be STILL CAUTIOUS REGARD
ING TIE VERY LONG TIME ~.
NANclERlNe FoR PRESENT.
CBy W >. Cousins Editor Of American
nankerl

tby " = Cousins Editor Of American
Banker
Just nov the - - OF the country
are confronted With that condition
SHOWN ss easy money. aud IA is now
recognised that the banks a. a whole
nave q plethora ~ funds which they
would be quite willing 70 pass along
% - employed IN legitimate and re-
tnnnerativa enterprises. The recent
cal Or the Comptroller ~ the Cur
rency for statements o. condition OF
the National banks. for instance. win
show an appreclable gain in deposits
since the last compilation on Decem-
Der 81. and those statements already
taoulateG give ample evidences ~ that
fact
Prom Chicago comes the statement
that the twenty National banks ~
thas city, reporting q the Comptroller
OF the Currency under the date Of
March =. 1913. show deposits nwwre-
eating 5000 T00sik. an increase reports
under date we're tas7ag4 sls. an in
crease of si6.sss.6so ana cash re-
sources totaled secs .a7a.asg. a gain 81
fsa sa7s SCI, by similar comparison. In-
GLIDING the State banks figures az
80 Aa7Aa AaaE tNAHA AttfHfNAtH u
the city's banks were ST 02b. Bsg. SOL. an
Increase 81 fs0.fS8sfs. compared with
the combined previous totals ~ the
two groups 81 banks. The recent rui-
iue Of the Comptroller that Hanks
could count only the net difference ~
deposits a the two largest Institutions
alone about So. 0ea. 600.
Considerable ntthliclty has been
Z srtW 40
Northwest section now have Ga de-
post more money than 90 any time
in their history, ApproxlmateA siI.-
100000 more money q on deposit IN
the banks Of Minneapolis now than
there was On December 3l, 1914. the
Grand total 81 tbs National and state
banks and trust companies being
sla3 .tss.Tss AZ the close o. business on
March
The statement ~ the New York
Clearing House Association for the
week ending March 81. shows that the
associated banks of this city hold
si2a, as, $50 in actual cash in their
faults over ard above the amount
called Tor by law ~ the correspond
ing week 81 last year the amount 81
fhsir surplus reserve was ss.1aT. 500
While LIS true On the meantime. as
one 81 eoaditioua ~ the orEaniza-
tlou or re Ffderal Reserve system
the legal reserve rate has been re-
duoed from 81 20 is per cent " de-
( posits. there Is nevertheless a matter
81 over 500 00o 600 which flight be
more proritably employed.
Wars Effect On conanerre
with the opening of April the
e a.
ress for eight months This period %
( time is sufficient to disclose the effect
I ~ the present worldwide hostilities
Z on commerce A. far a. tho United
+ States rs concerned. the influence has
been stimulating beyond al previous
Z precedence.
4 Feance were wholly unable 20 meet
The ordinary peaceful demands 81 their
Z respective peoples. without speaking
T ~ the enormous requirements created
I by the prosecution ~ the war Almost
7 every commodity which can Sc pro-
Z auced or manufactured
Z Arms and other war supplies are
Z only a fraction 81 the trade which
Z comes 70 the United States as = re-
I sult Of this tragedy ~ history rood
u MA Nkf4HtH w AAA MAkttA@ EH#& N#MttA#M ~
7 point which g. raising the prices al
\ along the fine and threatens 20 carry
4 the cost ~ living beyond all previous
y experience or course. when the
/ Black Sea ports are opened by the
( fail - Conafsntinople the surplus
+ wheat crop 81 Russia viii be available
\ for export and the drain upon Ameri-
can wheat vii De relieved IN other
4 respects. however. the opening ~ the
+ Russian ports win mean Increased
\ trade for the United states
Il With this development there is
/ natural increase in the call for small
7 steamers and. e the present pace can
Sc maintained, the day Is NOT far dis
TART when the merchant marine Of the
\ United States will reach a mawnitude
far greater than What has ever been
known before
Under these circumstances II seems
strange that there should be ~ much
talk 81 dullnnsa. depression, hard
/ times or unemployment IN any part
81 the United states: and Il II not too
much 60 expect that the coming ycar
VII bring universal prosperity 70 the
entire people 81 this great land
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