Mohave County miner., 1916-11-04
PROSPERITY IF NATION
 IS SHOWN

of the country's banking resources since passage of the federal reserve act is put at six and one-half billion dollars, in a statement issued today by the comptroller of the treasury. The record is declared to be without parallel.
 The figures cover the period from July, 1913, a few months before the act was passed, to July 1916, including nearly all of the first two years of the European war.
 "This stupendous increase in bank ing assets and available capital" says the statement, ''has been accompanied by an unprecedented quickening, which has amounted in many cases to an outburst of business activity, in every state and in practically every part of every state. Coincidentally there has been a reduction in interest charges"
 The increase in resources, it is de- clared, is greater than the total re- sources of all the country's national banks little more than a decade age. In New England the three years in crease was q per cent; in the eastern states 92; in the south 12; in the mid dle states 32, and in the west 31.
 Deposits since the reserve act went into effect have made an unprecedent- ed jump also. Their total increase, if put at six and a quarter billion dol lars, or 31 per cent, is nearly as great as the resource increase. In New England it was 23 per cent; in the east 39; the south IS; the middle states 26; the west 37 and the Pacific states 19.
 Banks and trust companies are lend ing three and a quarter billion dol lars more than they were three years ago, the statement says.
 Emphasis is laid upon a distinct and growing tendency towards decentral- ization and distribution of excessive reserves heretofore piled up in eastern cities. This has been especially true during the last few months. In the four and one half months from May 1 to September 12, this year, deposits in New York City decreased nearly a quarter of a billion dollars, increasing heavily meanwhile in country banks.
 Outside of New England and the eastern states the following statistics show a notable resource increase in three years:
 Illinois s363,OOO,OOO, or 20 per cent; Ohio s317 100000, or 9 per cent; Cal ifornia s247OOO,OOO, or 20 per cent; Michigan S221, 100000 or 37 per cent; Minnesota $19S,OOO,O ,OOO or 40 per cent; Missouri $116,OOO,OOO or IA per cent; Wisconsin SSS,OOO,OOO or 21 per cent; Nebraska s7S,OOO,OOO or 28 per cent; Indiana S69,0OO,OOO or 13 per cent; Oklahoma s6S,OOO,OOO or Al per cent; Kansas S63,OOO,OOO or 24 per cent; Texas S6O,OOO,OOO or 12 per cent; Vir- ginia S53,OOO,OO or 21 per cent; North Dakota $47,OOO,OOO or 42 per cent; Colorado S42,OOO,OOO or 23 per cent; South Dakota and Montana S37,OOO,- 900 or 33 per cent each.
 The total resource increase in the south was S3O2,OOO,OOO; middle states, S1 ,4S1 100000; western states, S395,- 100000; Pacific states, $325, 100000; insular possessions, S4O,OOO,OOO.
 Among the New England, Massach- usetts was first with S429, 100000 or 23 per cent, followed by Connecticut with S117OOO,OOO or 23 per cent; Rhode Island s86,OOO,OOO, or IA per cent.
 In the eastern states, New York states increase was S2,646,OOO,OOO, or 41 per cent; Pennsylvania $467, ,O0O,- 900 or IT per cent; New Jersey $780, OOO,000, or IT per cent; Maryland S65,- 100000, or IT per cent.
 All the states of the union except three show great increase in deposits. The exceptions are Alabama, Mis- sissippi and Oregon. The states showing the highest percentage of in crease in deposits are Oklahoma 54 Arizona 53 per cent; North Dakota 52 per cent; Wyoming 49 per cent.
 KANSAS CITY, Mo-, Oct. 31.- Kansas City bank clearings exceeded $500, 100000 this month, for the first lime, it was said today. The total was 5541 ,15O,595, showing an increase of i7 per cent over October, 1915, and S6S0O0,OO0 more than the largest pre- 'eding months exchanges, made last August.
 Other southwestern cities today re- ported record bank clearings in OctO- per. Clearings in Tulsa, Okla, amounted to SIS, ,1O4,O ,O95, or 1S2 per O.