The Bienville Democrat. [volume] (Arcadia, Bienville Parish, La.) 1912-1980, 1919-05-15
NATIONAL BANK FAILURES
APPROACH VANISHING
POINT
rowing Applications For New ChaF
tsrs AMI Fer Permission To Increase
Capiiai--State Banks and Trust
Companies Continue to
Nat;onaiize

! The following article is sent official.
rom the Treasury Department BY tn
8p,lDiieT Of Currency, at Washing
II, ID, G., and contains summary
lie reports on national banks:
Nothing could demonstrate more
strongly the solid foundation upon
which our banking and currency struc
ture now stands ana the improved mar
ncr in which the National Banks Of the
country are being operated and safe
guarded than the record they hay,
made in the past sixteen mOntls-em
hracing ten months Of the stress anf
trial Of war and six months of til,
llSlocatlon and strain Of reconstruc
n.
he official reports show that toda
mere Gtn more National Banks in opcT
j'l"n, vii larger capital and surplus
| Aad ,grea,er resources, making hiege
7iTlGeudS, and with mere striking In
mGniry from failure than ever befor
n our history.
A knowledge Of these facts must nee
assarily give inspiration and fresh coul
age to all business men, for our eco
AoMlc history shows that every com
mercial panic and business prostratio,
III the past has ben precipitated b,
| financial disorders and banking crises.
Assured of healthy banking condi-
tons, and an abundance of money and
ana credit to meet all natural and
legitimate requirements, the CONNER
cial, agricultural and industrial en-
terprlseS throughout our entire c0ull-
Try can porceed with their plans for
The present and the future with I'LL
aHampled confidence and resolution.
The following figures emphasize the
increasing safety, the unparalleled i'm
munity from failure, and the steady
growth of the National Banking syS-
TEN.
In the FOUR months ending Apri
80, 1919, there was only ONE Nationa
Sank failure n the entire counr e.
. small, aa0\ 9TH $1,000 capita
During he f.a&Il muihs 2o,;p
%~rah 81, :a'a April I.4,4z NJ; :
'ei'eij acre "ere EeHty-}tYr tt,
failures If n&uainS Institutions nnan
Htale supervision including HAnls "a,
rust C9mpGN!e&-@H average Of Sp-
pro%inMte(y two a week.
For TIE 6iAIEE.N months perio6
IRON january /, 1913 TO May |. 1913
mere have been only TWO National
.>alh failures in the entire country
AID average Of che each eight months
III the hiteen months period from
Jahuafy /, 1918 to April |, 1915,
i-April reports MOI yet ln) the re
turns indicate failures Of between
fifty 500 and Sixty (G0) State Banks
and Trust Companies under Stat
Supervision.
During the FOUR months endins
April 81, 1919, i3i applications wer,
received for charters for NEW Ma
lional Banks, and lis applications f.
increases IN capital Of existing Ma
tional banks were approved-making
total Of 24i applications for new
charters, and for increases of capita
approved.
Id this period, 81 charters were
granted Tor new National Banks: ::
requests for charters were refused
anu III Applications Tor new charter
are now pending, including forty (4O
requests from STATE Banks which spe
PERMISSION to convert into National
.JankS.
mere We're more than SEVEN
LINES as many applications for NEY
ohAhl LRo ana approved application,
i"1 lNNts!4lioLo W CAiIIAI III III,
pVf4vu DIS inere we're voluntary uuuldi-
I'0ii' itAC.uslIe Vi those cousvIl;l,,
Ais "tih U,ner NATIONAL BauksI "a
OUCH Applications against a Total 1,
% voluntary hquldauOns. (Advl,