Show III Splendid Showing Made by Salt Lake Banks and Clearing House IIi JI t I TIE lIE annual tabulation of kate h THE T ments showing the condition of or ortho tho ho Salt Lake Lako banks 1 for the cur cui current b F rent and closing year eal Is given beloW elow l tho mho figures being I complied compiled on v Dec 1 I 1909 1009 There Thera have havo been 1 een no new banks added during the tho year ate but bul after the first of the coming com In I year the Copper National bank al 81 alread ready read Incorporated with V V l I l W V t Arm Armstrong Ar strong t at al the tho head will open in um the tho new kit and palatial quartos quarters at nt the o a building As the fixtures alone sent fent an outlay of oC over oel 1 It willbe will willbo bo be 1 cosily cash noted that tho the new bank band Is Isto Isto l to have a home of oC which which any city might feel feol proud Tho Incorporation on g of oC McCornick Co Is also an important I tr 1 tant tail event which will occur early carl in m i 1 tho the new now year car The Merchants bank balk has been so reorganized as to practically practically ally amount to anent a new organization with frosh Crosh blood front Crom this the th old Com Cam Commercial Came om e mercial National bank banle tho the increase of or mp the directorate to 15 substantial chi dU m zees and tho the capital stock from to The bank has removed from the Judge Ju se building bull to the St Elmo Ehne building in n the next block above wheN ut commodious quartos have been occupied 5 pied for several months with projects pro b of an later on H II P diy Clark is the president ent John J Daly Dal and andA andA A II IT Peabody vice Ice presidents and WH AV W V VH H Shearman cashier Under Un l the n nw w tI management tho the increase in deposits deposit depo lt since May a 3 last has been be on INCREASE IN DEPOSITS e i Tho The surplus accounts of oC the lo local al banks have havo increased by b A I special feature In tho the banking situation that Indicates In tho the splendid growth of or y Salt alt Lake City is the Increase of oC nearly i in bank deposits during th lin theal linyear year eal TIle The total of ot the to deposits In till ill of ot the banks a year car ago was a little over while today the tho deposits aggregate over oer Notwithstanding standing such an increase c in deposit depo it iti of none of the tho banks have any an unemployed ed cd reserve In fact the reserves ol al j I nearly neaily nealI all of oC the tho banks are arc lower by byan an average of 5 per cent than they the were a u year ago which indicates th Ili l 1 f trong demand for tor money mone now employ cd ed In buildings bull improves Improvements develop developments developments ments or new districts continuous I ISalt le lea a Salt Lake etc eta There has been also al o a ati ti Increase In the circulation of ot the na national national banks amounting to to til loans and discounts have nearly nearl and other cash rr ir sources are aro Increased over oer I rt Tho The Commercial National banks bank I I 2 years ears charter expired May 1 when new one was WIlI secured with the ram ium of oC the bank changed to Continental Ni Nil but I ut under un er the time same amo genera gener management as the tho Commercial v 1 F the interests A now bank bonk t tl 11 s Citizens State bank has been stair sta tl at nt Bingham to divide the tho local bus busness bu busness ness neBS with the Bingham State bank in 1 backed ably abl by b Salt t Lake JAke capital It Is only fair to say that every la ba lain laIn baIn in this city Is In a n sound condition as may ma have havo boon been ooh not I from tho time periodic statements called f i iby by the national and state The figures below will be bo read wI wi w interest I I I BUSY YEAR FOR THE SALT LAKE CLEARING HOUSE HE Salt alt Lako Lake Clearings House HOUS THE T record for tor the tho current year ear shows an Increase In tho the bank clearings of oC over tho the total tot for Cor 1908 an Increase of about CO SO 0 per cent Tho The clear clearing clearing ing house manager believes the Ike Increase for tor 1910 1010 over 1909 wll wU amount to or over oer probably over Judging ju bing from tho the rapidity with which business has hs been picking up In Inthis Inthis this Intermountain country count The five months of ot 1908 made a IL rather slim showing reducing tho the general aggregate gate gato so 50 that the years ears total fell tell considerably con considerably below that of ot 1907 but bul after aCler May Ma 1908 the clearings began be an to climb up UI the thc scale wonderfully owing to the strong recuperative powers which char characterise the commercial structure of oC this city ell and the tho November 1909 1901 clear clearings clearIngs ings were larger than In any other of mar month In the history of ot banking In Utah by 23 There has hag been complaint from Crom tune time timeto to time tints about carelessness by sonic som of oC tho the banks in allowing balances balanc s to torun torun torun run over oer from day da to day ny when hay th should have havo been settled These serial stories of course Inflated the dally dull to totals totals giving them a balloon texture that thit was not natural The Clearing house lIou association can put Jut a slop to this when over it wants to by b compelling all banks to settle their balances dally ally and an allow nothing to be carried over ocr But nut COMPARATIVE com STATEMENT OF BANG BAHK CLEARINGS IN SALT LAKE CITY FOR TOE FIVE YEARS 1909 I 1 1908 I 1 1907 I 1906 I 1905 Jan 29 1 Feb 2231 11 March 1 April May June July August Sept 2561 1 Oct Dot 2851 3 Nov ov Dec Totals Estimated 1 PERSONAL PROPERTY ASSESSED FOR THE YEAR 1909 Personal Bees Dees Tools Credits Property COUNTY I 1 and Judg j Money Total No of I Tra Trade e Supplies moats men I I atlon Fixtures I 1 Etc Ble Eta I mom tell I 1 Beaver 19 39 31 Iii 95 1 Cache 1328 Carbon l 1018 DavIs 61 2 Emery Erner 1654 1910 21 2150 O Grand 69 2900 1795 96 1801 1 17 OO Iron 8 3 Juab Kane Iane Millard 13 Morgan organ 59 50 50 1 Pluto 21 69 20 40 Salt Sal t San Pete 1433 2930 90 San Juan 1022 SevIer 1090 Summit Tooele 19 1021 1235 H Utah 0 1617 34 2133 2100 Wasatch Washington 1366 1365 ao mo 70 11 1122 I Weber 1410 1700 Total iii lt F TABLE SHOWING THE CONDITION OF SALT LAKES THIRTEEN BANKS I 11 i I I I Luau Loll 11 I Oilier Ca Cash CashI h It I NAME A OP OF BAK Capital I Surplus I I Deposits I I amt I J Resources Deseret S S of Republic 2 5 3 1600 State Bank t of 0 1 o OOOO OO I F S Co oS Z 1 Walker Bro Bros rr I 1 I Salt Sails Lake Security fi Trust Co 1112 U JI n I I Utah Savings Bank Trust Co 0 Bunk Trust Co lI t I Gi National 2486 l Utah I S I 1 Commercial g I 21 I 5 I 1 75 55 I 1331 I I t 1 Slate Bunk Blink 1 1 11 2811 I It i Totals oa fot I 1 3 1 2117 00 Totals for 1908 I 1 II Increase c ot of 1000 over ocr 1908 1008 1 I 1 1 I J i 11 Included In time tho surplus I UTAH LIVESTOCK ASSESSMENT FOR THE YEAR 1909 Mules Iules Cat Cattle tie SwIne I COUNTY Number I Number I Number I Number I Total I Denver Beaver 1182 31 2 81 1136 1135 Boxelder sn 2219 Cacho 1492 I 1636 1140 81 3 I Carbon Davis DaltI 70 4 Emory Emer 38 93 0 2049 Grand Orand 38 2 Garfield 1378 69 1 Iron 1669 1650 1949 1414 IS 1926 4 Juab 1145 5 1890 1590 t Kano 57 7 Millard 61 1358 Morgan 1203 1188 2390 Pluto Plute I 1969 1869 I 2796 i 1226 I Salt Lake 2565 3 8 I San Pete 1028 1865 11 San Juan 1775 t Sevier I 1798 I Summit Tooele 2 2270 O 1730 I Utah 0 I 1 1171 Wasatch 2720 t Washington 1378 Wayne Vane 1030 11 t 10 Weber 1817 Total I 1 whether this will b be done In III problem problematical n However Borne banks like tho the Deseret National square up every eer day It Is certainly more moro satisfactory The rhe Salt SaU Lake Clearing House was waso organized o March 5 G 1890 1390 with J E H Dooly as president L S Hills Bills vie vice president ent il M I E K Cummings secretary and treasurer Mr rr Dooly Doody Dool was presIdent again a ln In Ii 1901 and Mr the thc present Is serving a third term his first having h LlnA been In 1892 and anil the tho second In 1903 The Tho original Incorporators were the Deseret National bank McCornick Co C Walker Bros Comme Commercial olal National Utah Commercial and Savings State Bank Dank of or Utah Na National National a Dank Bank of oC the Republic and an the he Utah National The Tho next annual elec Iee election ion tion comes comos in January Januar |