The Dawson news. (Dawson, Ga.) 1889-current, 1920-02-24
NATIONAL BANKS
LARGE INCREASE
NATIONS MONEY Pow z FAST
BECOMING Dec led,
COMPTRo' -CLARES.

Wa earS JN.-Growth of the
NJ NV liking power and the wide
div aGion of wealth among the peo-
pie is revealed by figures made pub
lie by the comptroller of the .curren-
cy, based upon an analysis of national
bank returns from all districts.
Present day banking methods have
produced a wider diffusion of wealth
and credit to all sections, Comptroll-
er Williams stated, and the money
strength is no longer concentrated
in Eastern financial institutions, as
was the case twenty years ago.
In twenty years the national banks
have increased their resources from
$4,50O,O0O,000 to $22,500,000,000,
the comptroller said. The figures
presented show to what extent the
banking power of the country has
been decentralized. Twenty years
ago the money power was mainly
conferred in the East, the national
banks of New England and Eastern
states holding about sc per cent of
the resources of all national banks.
The proportion of resources in those
states to the resources of all the ma
Huge increase, both actual and
comparative, are noted in returns
from southern banks. Total resour-
ces of all national banks in fourteen
southern states jumped from $348,-
100000 in 1899 to more than 3d.
000,000,000, an estimated increase
of $50 per cent.
Resources of national banks in the
middle western states have increased
S5.33 100000, or 1853 per cent,
with the proportion of their resour-
ces as compared with all other banks
now standing at "a per cent. Re-
sources of the western banks IN
creased $1,025, 100000 or so per
cent. in twenty years. Twenty years
ago these banks held only per cent
of the total resources OF all banks.
Pacific coast state banks have shown
an increase in resources of 1922
100000, or 1,340 per cent.
Every state in the union showed
increases in resources of national
banks, except the state of Rhode
Island.
Some remarkable comparisons are
offered by the bank returns. Ma
tional banks in Massachusetts, alone
hold resources equal to nearly one
fourth of the resources of all nation
al banks in the United States twenty
years ago.
The national banks of Virginia,
Texas and Oklahoma now have great
err assets than the combined resour-
ces of all national banks in New York,
/ illinois and California, including the
metropolitan cities, twenty years
ago. Resources of Ohio, Indiana,
Illinois, Michigan, Wisconsin, Min
nesota and Iowa banks today exceed
the total resources of all banks IN
the country in 1900.
National banks in southern states,
with Maryland, District of Columbia,
Missouri and Oklahoma added, today
have resources in excess of those
held twenty years ago by all the ma
tional banks in the country.
Twelve states whose national
banks have shown greatest actual
increase in dollars and resources in
the twenty year period are: New
York, S4,358, 100000; Pennsylvania,
1882, 900, 900; Illinois, $1,217OOO,-
600; California, $1,000,000; Texas,
S689, 100000; Ohio, $743,O00,O00;
Missouri, STAB, 00O,O00; Minnesota,
1868, 100000; Massachusetts, $515,-
100000; New Jersey, S423,OO0,OOO;
Virginia, $396,000,000; Oklahoma
1857, 100000.