The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1918-03-04

80 80 HH'
in bank figures. II should always D.,
remembered that our banks mot
those trying conditions and this ABB
normal situation with conservation
yet with courage. 40 legitimate en-
tsrprisc was handicapped 10y lack of
capital and going business concerns.
stockmen and farmers have been acc
cummodatod To the extent of their
legitimate needs while unnecessary
aud wildcat promotion has been COM
sistcntly discouraged, In the meet
ing Of the Legitimate demands the
te6crnl reserve system played nm im-
portaut part In this state ana through
out the country ample rediscount fa-
%cilities to our state banks which Ia
%cilities the figures VIII show have
been literally used,
IlnCpn New Charters.
"At the close of business on De-
cembor 81. 1916. there were 1S state
banks doing business; during l3l1
~ state bank charters wpr" granted.
one of which was never used. and
two state banks were consolidated
with other banks. ~ the close Of
business on December 81. 1915 there
were 20 state banks doing business
Charters we're granted 70.
The Stockmens state Bank 81
Carrianzo.
"Mountuinair State Bank.
Hank OF Tyrone.
'Encino State Bank.
The Farmers n Stockmen's Bank.
Wagon Mound
THE Citiznus state Bank Of
Vaughn.
Tho First State Bank ~ Tatum.
santa Rosa state Bank
Security State Bank Of Rcrualillo.
"rhc Lnrdsburg State Bank.
Farmers ana Stockm,ns Hank NJ
Estnuria.
Farmers state Bank of TcNico.
The First state Bank ct Son Jon
'pf the foregoing state banks char
tered the Stockmcns State Bank Of
C.Urrtlozo never opened for business.
The poi tales Bank and Trust cont
pauy consolidated with the First VA
tinuul Bvrt Ut Pnrtnics and tho Far
mcr. Trust and Savings Bank ct Las
Cruces consolidated with the First
National Bank OF Las Crurc-
THE First state Bank and Trust
compau, OF Roswell increased its
capital stock from 100000 to $780,
0co; tho EstaRcia Savings Bank Of
E%stancia. increased IT, capital stock
from $4,000 To $4,000"
Ranks Welcome Examinations.
Mt. Van Stone declares that Tire
hnnks have shown a c"ommeudahl,
falsN.Vs.s .. rg.lU,. H.. .Et#.s -
pmiuutious which he has inaugural
ed tie regards the banking net as "a
whole us "a ruod law, and is strictly
outurciur its every provision, and IN
tn, belief tina thc surcst way to
cur ans defect. II may contain IN
10 enforce % In It's entirety. thus
making II imperative 20 make neoded
changes IN view he has the sup
port Of tho states banks. Mr.. Van
Stottc took office ON March 80. 1871,
amt Immediately appointed Langdon
49, Gregg. of the First National bank
nt CLOVIS as his deputy.
serial Number system.
Among the changes instituted wac
the creation 81 q serial number svs-
tenn. This was done on account Of the
l'''i Nhhl lu'l' are hl i'dNl lHI'f N'AN
~ charter numbers. and a serial sys-
tenn viii avoid confusion and do jus
ti,c to the older banks \ banks
serial number ia based upon the date
90 it's charter
\ roll of honor has been idstitut-
ed To qualify Tor q position thereon.
q bank must create u surplus equal
To- or greater than ~ capital stock.
It's place on tho roll Is determined hy
tho percentage of IL surplus To It's
capital stock above 100 per cent The
new form H. intended Ca ho complete
Is comprehensive. with the vic~ of
creating e detailed RECORD of each
bank on which 70 base an acceptable
report To the federal reserve banks.