Show 4 N i iR I R Cf I IJ J 4 F HAN DAKS I I I r Comptroller Williams in i Il Annual Report ort s Sa Says s1 One Out of Every Six I iHas a Bank Bank D. D Deposit l J f WASHINGTON HINGTON Fe eb 12 12 I Y United Press Ba Banking kingI i r of the United States I t tal ll t I. I tha h ft j of th eur- eur Jjr reney rency o Williams stated I Ii i in his ns annual m ual report v to today S Of Ot this this n national banks on on Novem- Novem November November I I ber 17 11 1919 held J eld an i Increase crease of ot since August August Au Au- 1 I gust 19 1914 4 and state stat banks banks- on oh on June une j 30 1919 held an Increase in increase In- In crease of or since June Jund un 1 1913 1213 13 It It- represents 30 a banking power powe nine nine- times times' more than it was was thirty I years ago ago Williams said I One person person out ut of ot every six has a ib bank acco account nt a according to t Wiliams' Wiliams S I report FOREIGN PROBLEM S Williams suggested that the fhe he- he United t d II States tates solve the question o of collecting its t balances by furnishing fur fur- European Europe nl countries the crude I materials and machinery which li their I people need so they may convert the raw products into articles and merchandise mer men merI I chandise worth from ten ten t to a thousand thousand thou thou- thou thou-I sand times the value of ot the raw materials I To bring foreign exchange back to to the old gold parity Williams said I that there mut must be more production J Jand and thrift f I Foreign nations s m must st avoid purchase purchase purchase pur pur- 1 chase and Importation of ot luxuries and refuse even even to Import essentials when these thes can can be produced at t home he advised Williams also declared every I possible effort should be made to increase In In- InI in increase I crease the production abroad of those tos I things things' for which a a a- market can can be found In this country I LIVING COST J o S' S I Williams touching on the high cost of at Hying hying- s said d bankers could be o of trem tremendous help lieli in fn restraining speculation speculation lation in commodities as as well as se securities securities se- se if they would Impress on business men that for tor the long runan run runan runan an assurance of tut future re permanent and md nd substantial profit can be had only by reducing present profits profits' to the thinnest nest reasonable margin and limiting earnings dividends and ad additions additions ad- ad t to surplus to the most modest figures figures' consistent with safety He pointed out ut that while vo volume me of ot f transactions as 59 expressed in dolans dollars dollars dol dol- dol- dol I lars ans has exceed exceeded d all records there I have been actual reductions in output of f mines and fact factories lesONLY les ONLY ONE FAILURE According to the report only one small mall national bank failed Called with loss to 0 its depositors between January 1 1 1918 and November 1 1919 During j the he fiscal year year ending October 31 1919 forty five state banks failed The average dividend paid by national national na na- na- na I JonaS banks for the ear ending June Junei une 3 i 1919 on capital stock was 12 1215 15 cent per er CASH DASH ON HAND Cash in vaults of ot the country's national banks to June 30 20 1919 to totaled totaled to- to State banks and trust rust companies reported on hand and the federal reserve bankS bank reported ted Criminal prosecution of bank of officials ot- ot fer f r the fiscal l year car je r resulted ted in itt inthe the he conviction of of three e bank presidents eleven leven cashIers cashera cashiers cash cash- dents tents one olle vice president era and ten others who ho r received sentences of at Imprisonment from front six months to ten years |