The weekly times-record. (Valley City, N.D.) 1912-1922, 1916-12-21
THE MlDDLEWEST LOAN e. TRUST
COMPANY STANDS HIGHEST IN
INCREASE OF PERCENTAGE IN
COMPARISON WITH OTHER
TRUST COMPANIES IN UNITED
STATES.

The fourteenth annual edition of
"Trust Companies of the United
States," issued by the United States
Mortgage & Trust Company, New
York, is now being distributed.
In the preface, President John w.
Platten says: The trust companies
of the United States during the year
just closed have had exceptional op-
pOrtunities for service to the tinan-
cial and commercial interests of this
country and to foreign nations as well.
The problems incident to the new po-
sition of the trust companies in world
affairs have been met and solved with
courage, while the business openings
resulting therefrom have been availed
of which enterprise and good jugdment.
A noteworthy increase in the business
of acceptances, both foreign and do
mestic, the establishment Of we'll
equipped departments for the handling
of foreign transactions, especially
with Central and South America, and
liberal participations in foreign loans,
are all deserving of Special mention.
The work of unifyirS and improving
existing laws for the safeguarding of
the interests Of these companies and
their clients is progressing satisfac-
torily, while the administration of cor
porate and private trusts in ever-in-
| creasing volume is continually evi-
| denced
When it is considered that the ag-
! gregate Of trust company resources re-
ported during the year increased one
| billion three hundred million dollars
and now totals over seven billion six
hundred million dollars, the vital and
growing Importance of the part play
ed by trust companies in national and
international affairs will be fully real
lied and these institutions continue to
receive a deServedly increasing meas
sure Of recognition and support"
The statements of 1927 trust COM
panies are contained in the book, in
addition to lists of officers and direc-
tors, stock quotations, dividend rates,
etc., while the names of IS companies
are shown that did not render a report
for publication thus making total Of
Z,O32 trust companies listed.
Just tive years ago the aggregate re-
sources OF these companies reported
in this compilation were $5,16S,0OO, 900,
showing all increase of Al per cent for
all trust companies in the United
States. The showing Of trust company
groWth in the following states is in
teresting:
New York State increased $531, ,OO0,-
600 or 25 per cent.
Pennsylvania increased $139,OOO,-
900 or Is per cent.
Illinois increased $117,OOOOO or IS
per cent
Massachusetts increased 10000 900
or rs per cent.
Ohio increased $94,OOO,O or 26 per
cent
New Jersey increased 1000, 900 or
l 3per cent.
Connecticut increased $4,000, 900 or
81 per cent.
California increased $35,000,OOO or
II per cent.
Indiana increased $2O,0OO,O 900 or IS
! per cent
The total resources of the trust
companies of North Dakota amount to
$l,538.OOO, gain of $346,0OO, or 29 per
cent, during the past year.
The Middlewest Loan and Trust
company, of Valley City, shows an in
crease in resources Of $12893S.39. or
an increase of 81 per cent during the
! past year, which is a big credit to
them and their city.