Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1917-01-02
TUESDAY, JANUARY 2, 1917.
A eRtAT COMPARATIVE SHOWING.

WYE published yesterday comparative chart snow
w ing the growth Of the Wilmington Trust Con-
pany II cannot fail to attract widespread attehuoh
and evoke much favorable comment The facs ana
figures set forth so compactly in comprehensive dia
gram speak volumes for the popularity Of the nstu
tlon and the efficiency of its management They also
reveal clearly that business-iko economy has pre-
vailed in all departments. else such comparative
showing never could have been made.
The comparative figures are for the fiscal years 1913
and 1916. Let take tho one for 1913 The salaries
in that year aggregated s7o5O75s, or PA per cent
Of the total The general expenses we're S4blll2o' or
IA per cent Of the totals the interest paid to de-
uostors was s7a0s5S6 or 252 per cent OF the total
while the net was si19 42S2s 3s per cent, OF the
total.
Passing to the fiscal year 1916. find that the
salaries we're s72 $685. only 1914 per cent of the
total that the general expenses we're $5ob7lO4. or
only per cent Of the total; that the interest paid
to depositors $14517997 1921 Of the total and
that the net 75sss2s. constituted 1915 per cent of
the total.
In other words. there tremendous increase in
business and yet the salary and general expense was
not permitted 70 expand in keeping with that increase
Comparatively speaking 1916 showed saving Of six
per cent in salaries and three per cent in general eX
penses Ofncial figures for kindred institutions in
various sections OF country show that the VIII
mington Trust Company has made remarkable rec
ord for administrative economy.
Turning to deposits. find that in 1918 they to-
tailed S4291 6O4S7 against S9S172572s in 1916, or
an Increase OF per in the year Just closed The
increase savings deposits in 1915 POS per cent.
and the in the number OF depostors 49A per
cent These increases the mater OF investments also
are shown Demand sloans, from s7753O916 TO $685.,
50157 or 100 per cent; time loans, from $1,000
762O5 TO S21Ss6413S. or AZ per cent; bonds, from
s674 1897 SO TO 81 955 51O9S, 100 per cent: mort
cages from $74OSO to $26995o 257 per cent. and
savings department investments from S175,2925O "a
s6sS ss315, 265 per cent
On November 80. 1912 the cash hand and OF
deposit in banks was $1O47 65725 against s2.964s
7s213 on November 80 1916. an increase Of 1873 pc
cent In the same period the number Of open trust
in the trust department showed increase OF 1s1 pc
cent The monthly average Of cash paid out for tire
months ending March 81 1913 S52s,3519S, a
against $242O116.6O for each month In the three
month period ending November 80 1916. increas
Of s5S per cent The earnings OF the departments othe
than banking showed large increases, as follows
Trust and savings 40 per cent; real estate 800 pc
cent; safe deposit. 1O7 per cent
And with Il all thanks to good management the e.
penses OF the institution not including interest pa
TO depostors. increased only 6S per cent The
probably arc few institutions in the country that ca
make a better comparative showing. In view OF q
splendid work accomplished the directors, at the
December meeting, voted bonus OF fifteen per Ger
TO all officers and employees of the company.
think it will be admitted that tho action was fully ju
tiled by the results accomplished