Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-10-07
Local Clearing House Is
Barometer of Conditions


| other manners OF development is the
Producers State bank according to.
the data furnished by the manager OF
the Clearing House association.
A bank with more than two and
half million dollars on deposits, this
bank has found II necessary on more
than one occasion to enlarge It's
buildings and make additions to the
corps OF employees In order to handle
the business OF It's patrons. With re-
sources Of S2.634,S6I.SS the deposits
have mounted to n mark Of $2,515.-
6l0.45 according to the statement Is
sued at the status of business at the
close of May /, 1917. This bank had
at that time capital stock OF 100000
and budget OF surplus and undivided
profits OF $l0.6SS.3s and reserve for
taxes and interest OF ss,l19.S9.
No bank, perhaps, illustrates the
wonderful growth Of Tulsa in a
financial way than the Liberty Ma
tional bank OF which A. Il. Lewis Is
president and w. l.. Lewis is cashier.
Shows Marked Growth.
This bank has shown marked
growth as each statement IL made In
response to the call OF the comptroller
or currency. and according to Man
ager Propst of the Tulsa Clearing
House association. the total deposits
OF this institution on May /. 1917.
had reached the figure Of s2.046.-
1881 with capital stock Of 100000
and surplus Of $4,000 and $s.7s9.65
as undivided profits.
This bank holds $4,000 as stock In
the federal reserve bank and $4,000
In United States bonds, with $751;
1920 listed az cash and sight ex-
change.
The Union National bank, with w.
r. Brown as president issued the fol-
lowing statement for business on May
!, 1917:
Loans and discounts. ...;... ...$2,AIo,o4o.se
Bonds, warrants and securities 20,24e.73
Trade acceptances .......... 1<2, ,4s7.66
Furniture and fixtures. ...... 10, 90
Federal Reserve bank stock. 9.0500o
Cash and sight exchange. 1,11s.7l313
ea.71o,54o4l
Surplus and undivided profits. 64,59432
Deposits .................. 3.SAo'ooo'oS
This Is but an illustration. Manager
Propst declared, OF the wonderful
success which may be attained by
Tulsa bank given to serving its pa
irons as the Union National bank has
succeeded in doing. 1t should be re.
membered that this bank only opened
Its doors a few months ago.
Inc AlerlcdH I~OtioHai pdih at thc
same time these other statements
were issued, announced thru the
cashier. Alva j. Niles, deposits Of
$1,593,3l9.34 and surplus and undi-
vided profits OF $50,13S.24. This bank
carried at that time 100000 as
United States bonds and federal re.
serve bank stock Of $500.
Two Millions on Deposit.
Another bank with deposits Of more
than two millions Of dollars is the Ma
tional Bank Of Commerce, OF which
S. Il. McBirney Is president and Lea
McBirney is cashier. The deposits OF
this bank on May /, 1917. were
$2,29S,0 ,0S5.S0 and the capital stock,
and sight exchange was listed at
l.2O2,133.S and $3.50 was given as
stock in the federal reserve bank.
With a deposit Of $2,117.b67.37 on
the same day, the Planters National
bank made statement showing that
business there had shown q marked
increase over the corresponding period
OF the previous year. This bank now
contemplates the erection of q new
building to facilitate the business which
has come with the growth of Tulsa.
The following are the executive Of
ficers Of this institution: G. N. Wright,
president; L. l.. Talman. vice presi-
dent; j. Truman Nixon, vice president;
Claud Tuttle. active vice president;
w. A. Brownlee. cashier; d. G. KEN
rer. assistant cashier; ]. l. Myers.
assistant cashier; N. r. Graham. spe-
cial representative.
A review Of the statistics collected
by Manager Propst Of the clearing
house organization shows that the
First National bank. at the close of
business May /. 1917. had as cash and
due from banks. 31.b57.372.36 and had
on deposit $5.S5s,611.S4.- This bank
at that time had as United States
bonds $12S,000: as United States gov
ernment notes $35.Q00 and as stock
in the federal reserve bank $4.500
with property Of the Culbertson build
ing valued at $125,000 and the surplus
and undivided profits were $110,68S.
q. r. Mccullough Is president; and
A. Z. Bradshaw cashier OF the First
National bank.
Local Clcarings.
Another good indication Of the rapid
strides made In recent years by the
Tulsa banks Is illustrated thru the
clearings OF the local financial institu-
tons as shown by Mr.. Propst's reports
covering the years the clearing house
has been organized here.
The following table indicates. the
year, the total clearings for the year
and the amount OF increase or de-
crease over the year previous:
1911 ....s 3 s2,os5,1Se.oo
1912 80. 3s,<s5. .83900- 20o5 increase
1918 80. 6O,5ll, $4,000 579S increase
1914 80. 7e,10d o8l.00- 81 96 increase
1915 .. 1864, A,504.o0- Sch decrease
1910 -. 100, ,l6a, ,701 00-1ls ob increase
1917 (9mo.) 246.3<<.7727<-9 97h increase
There is every indication, according
to Manager Propst OF the Clearing
House association that the highest per-
centage of increase ever registered by