| Show SOMETHING ABOUT NATIONAL BANKS THE andua annual report of the comptroller of the currency to the first cession of the efty second congress contains many interesting particulars relating to acance the number ol of banks in existence existence in the united states october bl 91 1891 was having baving in capital stock bonds deposited to circulation bank notes outstanding including representing lawful money deposited to redeem circulation still outstanding the amount of circulation secured by the pledge of united states bonds has increased during the year during the report year new banks were organized located in forty one states and aird territories and possessing an aggregate capital of during the same time 41 banks went into voluntary liquidation and 25 became insolvent le leaving as a net gainford gain for the report year associations with a capital of which is in as to number of banks precisely the net average of yearly increase during the life of the system the number of banks now iu operation is greater ihan at any former period the increase in the totals ot of capital stock surplus funds and undivided profits has been satisfactory this is also true of deposits loans and discounts of the banking associations entering the system during the year 99 or slightly more more than one half in number are located west of the mississippi river and 59 in the southern states of the total number of banks in operation pennsylvania has hag the greatest number of associations massachusetts chu the greatest aggregate capital and new york leads in amount of A carefully prepared table is given showing the number of banks organized tailed failed and in voluntary liquidation and the net increase numerically eich year since 1863 A notable feature of this uble table is the large number of banks which have bave become 16 insolvent solvent during the last year they aggregate twenty five banks with a capital of the year 1873 however appears to bave have been the most disastrous in point of capital as aa during that period the failure of eleven banks with a capital of is recorded in 1877 ten failures occurred representing a capital of of the twenty five failed banks of last year thirteen representing of capital were located in kansas and nebraska the failures in these states were attributable diore more to bad crops and unwise speculation ill id real estate than to lack of honest and efficient VaRna management gement mr comptroller lackeys laceys report makes a pamphlet of eighty six pages it Is a comprehensive state document and deals in a masterly mariner manner with the philosophy jurisprudence and statistics of banking institutions and their relation to the industry and commerce of the country |
