New Britain herald., 1921-02-07
U. 5. EC0NOMICALLY
 ON SOUNDER BASIS|
 THAN IT HAS BEEN
(Continued from First Page.l
principle to restore business.
 Prosperity Is Ahead.

principle to restore business. <
 Prosperity Is Ahead. :.
 When conditions abroad becal more settled or stabilized" Comptrol Williams declared, "and when at hoi much needed adjustments are effect Tn the costs to the consumer of st, ana iron products, which, are z quoted about twice their pre-W prices, and when coal, for which f government itself has paid in rect months as much as four times the nl war price. and certain other commo ties which now are being kept q artlnclally or as result of monopol JIG control far above the pre-war | ures' get back to normal level, country resting on a solid foundatI VIII be prepared to enter upon a ra ana let us hope, long endurin Nra1 prosperity and healthy progrel
 turing the fiscal year ended inc 1SAO the comptroller said, there o,4o| national banks in operation, highest number ever reported, and } plte difficulties encountered they mi the pest record in immunity if failure in about 70 years. The | centage of the-capital of failed ba to the total capital of all banks eApia!neo was about two one-th sanoths of one per cent or 16 iii better than the average for the tlre 57 years since the inaugura tio the system. Combined resources all banks in the country on Jut1e AS1o, including national, state 4ederal reserve, the comptroller aggregated $59, 704,O 900. raa
 Business Principal Borrower.
 Figures showing for the first the business of the principal born
 rs rom national banks were sented by the comptroller. L and discounts on November l6sa ne said, aggregated $13,764.00d af which loans to farmers and stock raisers amounted to sI. 100000 or IA per cent; loans to aaactnrlng concerns approxim S2,S62, 100000 or 21 per cen~ chants, mercantile concerns hd Ials Tn the jobbing business and. ing wholesale and retail 33;58t DO or 26 per cent. Loans rep to bond and stock brokers and
 ITS in investment securities, .afszr ~eo $oo4, O,OOo; to railroads, sniI companies, electric light and companies SPAS. 100000, while loans to professional men. incl doctors, lawyers, teachers che engineers and clergymen amouRt s375,O00,000. Miscellaneous amounted to about $4,OOO. .OoOy0 50 per cent of the total. .& ag
 National Bank E:arnfnes.
 Gross earning of the national during the past fiscal year. gated $1, ,Go0,O 900 while thef expenses were s7sS, ,ooo, ,o0o of S175, 100000 was for salaries wages and s2s7,ooo, 900 was terest on deposits. National ba the City of New York showed ings on capital stock of 37 l1 cent; Philadelphia national e go 1-2 per cent; Chicago. 24: H 2S Der cent; Pueblo, Cole w per cent reported the lars ea in any reserve city.
 Many Bankers Sent ed
 During the past fiscal year. comptroller reported three oents' eight cashiers of banks aSslstant cashiers, tellers, boo SA oAA OlHSTS O1 naI1Onal bank convicted of criminal -yiolatiol the banking law and sentencl terms of Imprisonment runnine, six years and varying fines. M Hams made public a table sl the salaries paid the executis cers by all national banks a country whose resources were cess of $2O,000,000 and shove largest salary paid any nationa president to be $100,000 a yea
 Discussing excessive saIarid comptroller dcclarAs such in ties would exist to much less 1T the stockholders of banks VI formed. of the salaries paid t executive officers but unfortun, an exception rather than a r,I the majority of tho stockhol the banks arc so informed.
 ENGLAND SURPRISED 7