El Paso herald. (El Paso, Tex.) 1901-1931, 1917-04-05
FUN AND FACT5AT BANKERS
DAY At f PASO ROTARY CLUB
E. W. Kayser Is Chairman and Banking Is Discussed in
a Serious and Comical Vein bv Different Speakers;
J. G. McNarv Says Nation Never So Well Pre-
pared Financially for War as Now:

man on the directorate TO save as capl-
tai stock
which there is little choice for the Dor
rover They all charge the same in
tereSt. they all always insist on col
Letting notes when due they all de-
maud security. Most people are I'M
partial and viii borrow from any bank
that viii loan them the money
lei PasO Prepared
James Graham McNary was intro
duced by AIr. Kayser and told the Ro-
rariaus of the financial preparedness
Of the United States and Of FL PasO- He
said that the element Of financial pre-
paredness entered into the war As
prominently as industrial and military
Preparedness and that with the opening
of war by the United States. FL Paso
finds itself as financially prepared as
any city in the United states and IN as
good condition 10 Withstand ana hard
times which might result from ~ war
Bank CIearings Tremendous
Bank clearines during February q .
30 cities totaied nearly - billion
dollars" said Mr.. McNsTN. compared
with IS billion dollars for February
Of last year. an increase OF Is per cent
There was one less business day IN
February Of this year than in Feb
ruary. 1916. which makes the increase
In bank clearings, as well as other
increases reported below, all the more
side OF New York city totaled nearly
nine billion dollars COM pared with
seven billion dollars in February
year ago. a. gain of % per cent.
Business failures in February num-
bered LAG compared with 1919 in Feb
ruary year ago and liabilities tOtaled
over a million dollars compared with
Is million dollars in February 1916
Assets Of the failed concerns amounted
To six million dollars compared with
nine million dollars a year ago. leav-
ing net liabilities Of eight million dol
lars ia February and nine million dol
Financing Corporations.
Financing by corporations in Feb
ruary totaled 251 million dollars com
pared with 3o4 million dollars in Feb
ruary. 1916 II is estimated that 30
million dollars Of the February financ-
ing was for refUnding purposes. Sc
Curities maturing in April viii total
60 million dollars compared with 90
million dollars IN March and IS million
dollars in April a year ago OF the
April maturities. - million dollars viii
be in railroad and 25 million dollars in
industrial securities.
New and large corporations formed
in February have total capitalization
Of 351 million dollars compared with
81 million dollars in January and AZ
million dollars in February of last
year. Concerns incorporated for one
million dollars or over made up 80
million dollars Of the February total
compared with sec million dollars IN
February a year ago
March Dividends Large.
March dividend and interest dis
bursements viii total 1S2 million dol
lars compared with 155 million dollars
in March. 1916. Dividend disburse-
ments alone viii amount TO 1o9 million
dollars compared with IS million dol
lars last year and interest payments
Will total - million dollars compared
with CT millions a year ago
February stock sales aggregated Il
million shares compared with l. mill
lion shares in February. 1915. and bond
sales totaled &c million dollars COM
pared with So million dollars in Feb
ruary a year ago The average price
of a selected list of 90 stocks at the
close Of February was 1870 compared
with 1913 q month previous and s5-3s
d year ago The average price of go
railroad. public utility and Industrial
bonds at the close OF February was
1851 compared with 9697 at the close
OF January and $3.50 at the close OF
February. 1916
Money iu Circulation.
Total money in circulation IL the
United States on March i was 45s4
million dollars compared with 44yS
million dollars on February 1 and 1926
million dollars on March ! OF last year.
The circulation per capita on March
was S44.26 compared with a $3.50
on February I and S3S-54 a year ago
The population Of this country is now
estimated al 103,573,00O persons com