Morning Oregonian. (Portland, Or.) 1861-1937, January 01, 1902, THIRD SECTION, Image 43

Morning Oregonian., January 01, 1902, THIRD SECTION, Page 43, Image 43

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Newspaper Page Text!THE MOWING OEEGONIAN, WEDNESDAY. JA23TTAHT f. 1902. '43 Commerce Portland, as far as the bus!-' ness of our bank goes, shows marked improvement and her merchants appear to have all the capital at their disposal that their trade requires. Our trade -with the Orient is in every way showing satis factory signs of increase, and I consider that the "banking outlook in this direction is most promising. FIRST XATIOXAL BANK. One of the Leading: Financial Insti tution of the West. One of the strongest . financial institu tions of the "West toddy is that of the First National Bank of Portland, Or. A bank which carries deposits in excess of 56.000,000 is entitled to recognition In any financial center of Importance In the world. Portland today challenges any city of 100,000 population in the TJnitea States to show a bank within Its midst which carries as heavy deposits as are regularly kept within the vaults of the First National Bank of this city. In the strength of its finances Portland, based on population, Is one of the richest cities in the world. In the volume of Its trade and in the extent and richness of its tributary country. Portland has al ready attained a position which entitles this city to the most favorable recognition of commercial centers everywhere. The 13G2 firms In Portland worthy of a definite rating represent a financial strength se gregating $22,472,000. Portland today has five firms rated by the commercial agencies at over $1,000,000. a rating that entitles a firm to unlimited credit in any business center of the world. Portland has always done a business al most wholly on its own capital. The financial showing is a strong one here, because Portland's business is not only great in volume, but it is handled on a strictly legitimate basis, a basis that in sures a reasonable profit to the Portland wholesalers. It may be said, by way of parenthesis, here, however, that Port land's secret of selling goods at a low profit is found largely In the special fa cilities enjoyed here for handling trade, and in the great volume of business that Portland regularly enjoys. The First National Bank of Portland was acquired by the Hon. H. W. Corbett and the late Henry Falling in 1868. The great prominence the bank has attained may be said to be the lifework of these two prominent Portland men. Since the death of Mr. Falling, the responsibility of the management of the First National Bank has fall en wholly on Sir. Corbett, who at the present time is president of this institu tion. The growth of the First National under the presidency of Mr. Corbett may be appreciated by the statement that the deposits of this bank, shown by the state ment of December 13, 1900, were 55.535, 133 13. The deposits, according to the last statement made to the Controller of the Currency, at the close of business De cember 10, 1901. amounted to 56,455,378 IS. The following statement of the condi tion of the First National, made December 10 last, will prove a revelation abroad, re garding the financial strength of this prominent bank and the commercial im portance of Portland as a city which has made it possible to build up a bank as strong as the First National Is today, within Its midst: Report of the condition of the First Na tional Bank, of Portland, Or., at the close of business, December 10, 3901 Resources. Loans and discounts 52,061,123 CC TJ. S. bonds, at par: 4 per cents, 1907....$ 750,000 00 4 per cents, 1925.... 350.000 00 1,100,000 00 Other bonds and se curities 2.4S8.5S4 74 Bank premises 75,000 00 Other real estate.... 23,757 98 Due from Treasurer United States 26,710 96 Due from o t h er banks 749,644 78 Due from reserve agents 726.013 12 Cash on hand 929,323 382,431,692 24 Total $8,180,158 62 Liabilities. -. Capital stock $ 500,000 T Surplus and undi- divlded prots 747,950 49 Circulation 476,830 00 Deposits Individual and banks $5,984,049 52 Deposits U. S 471.32S 61 6,455,378 13 Total $8,180.153 62 BAN KIN & HOUSE OF LADD & TILTOX. Hat Been in Easiness In Portland, for Over 40 Tears. The large banking house of Ladd & Tilton in Portland has now been estab lished for more than 40 years past. It is today recognized throughout the financial world as a bank of the first order. Its great resources, Its consistent, though lib eral, policy, and the exceptionally good business methods of Its management have all combined to claha for Ladd &. Tilton the best recognition of the local commu nity, and the fullest confidence of the en. tire Pacific Northwest, which is the scene of its principal operations. The present bank of Ladd & Tilton was established by the late W. S. Ladd and Charles E. Tilton in 3S59. For the first seven years of its existence it was with out opposition in the banking field of Portland. In Its earliest history even, however, It met every reasonable demand of the local community for ample banking facilities. Merging from the environment of the provincial demands incident to the history of Portland, when this city was much smaller than It is today. It now re flects the spirit of the great metropolitan center of trade and finance that Port land has finally become. The growth of the great banking establishment of Ladd & Tilton has even more than kept pace with the growth of the city in which it is now so firmly established. Since the death of Mr. W. S. Ladd, the care and responsibility of managing this bank have fallen on his three sons "Will- lam M., Charles E. and J. Wesley Ladd. That the sons have Jealously and effec tively guarded the best Interests of the large business tha was the result of the lifework of their father is best evidenced by the statement that since the death of Mr. W. S. Ladd the bank has continued to advance at the same rate it prospered during the lifetime of this great financier. Ladd & Tilton enjoy the benefit of as strong connections throughout the finan cial world as are claimed by any of the most prominent banks of the Pacific Coast This bank today Is one of the greatest private financial institutions of the West. THE MERCHANTS' NATIONAL. A Report Showing- Flourishing Con dition of This Bank. No bank on the Pacific Coast has, per haps, made greater -advancement during the past two or three years than the Merchants National oj" Portland. Its to tal resources as shown by published statement of the bank at the close or business on December 10 last amounted to 52,129,68 13. It carried at that time deposits aggregating $1,742,307 73. The healthy condition of the large business handled by this bank Is shown by the statements that its loans and discounts average upwards of $1,000,000. This bank does a strictly commercial business, and its paper Is all of the highest order. The Merchants National Bank of Port land today is the direct result of many years of hard effort on the part of its principal officers, and of popular, yet at the same time safe methods of doing a large banking business. The bank today has a capital of $250,000, with a surplus of J50.000 and undivided profits of $40,000. It has correspondents in all parts of the West, and it enjojs every facility for ex change with the leading banks of the Eastern states. The present officers of the Merchants National Bank arc: J. Frank Watson, president; K. D. Durham, vice-president; R. W. Hoyt, cashier, and George W. Hoyt, assistant cashier. The last published statement of this bank Is given below: At the close of business, December 10. 1901 Resources. XKan3 and discounts $1,181,992 48 United States bonds to secure circulation 50,000 00 Fjb&fe - .:&iwtiHf5ftflNH3HHBfn9iHHIiB3iHiBssft vVi . &? &m& $E3& R BsssssBsssBBsssBs9ssBHBlXsnBsflSsss6.i :Ssff9ff SBBESaCL ,maaBssHB5MHBissBssBBLI8 vWBBaBiiEsssssssssssssw SSSSSSSSSSBn fBBBSBlBBBBHIHflBBiX&raS) 3 eWXiA wvSflSBBl sBBBl9BSMHHBZ9VSVBBBBBBVB!SKBfii 'VLvJEflSBBSSBBBHSSV '-y hLi. zBBBpfll SsBSHB!BBSHSSH0n9HBSawtSS99uUK .SKWBV KTBBB29HSHBSSftAEulHnBnSBSStttt98.BBHBBMBHHHBnSnE'& . x.. fBM isBBIIsiEHBwtiitlffSSli'sBKfci lwBE8KBBB6BUBiJff?B-r " r '$-4alsB AMMn V 7j:: H CASCADE - V -wB v--&s3teflgg.-j . - a zp " s-' Ce m ' H i tJt, M j5SPBsrSBSSSSSSSSSsV9Pr9'''PBSSSl''VBSSBnnBSBBBBJBBBjnBB psHHHairtJ!' I kMBtiHs JsS J3ll&i lffst Waw "iH NO city of the East today claims a connecting line of railroad ter minating within Its borders that is as wholly local to the community Inter ests as a whole, as the Oregon Railroad & Navigation Company has been to Port land. This is one of the most valuable railroad systems of the West, and in the strength of its environment It is more than the peer of any railroad system in America. The ETeat strength of the O. R. & N. Xo.s sstem lies In" Its control at"tho present time of the water-leveK haul through the Columbia River Pass, for all the rich products of Eastern Oregon, Eastern Washington and Northern Idaho, an empire in Itself, to tidewater at Port land's docks. The control of this pass is assured, first, by prlo'rlty of occupancy, and, second, by the enormous expense in cident to the construction of the fine roadbed over which its trains run into Portland. For a distance of 100 miles or more along the south bank of the Colum bia River the company's right of way lies through expansive rock cuts and over cement and steel causeways that make up today one of the finest stretches of rail road track in the United States. This Is all laid with the heaviest steel. The bridges and culverts have all been constructed with a view to the greatest permanency Stocks, bonds and warrants.... 20S.57012 Real eastate furniture and fix tures 6U10 47 Cash and due from banks 627,795 06 Total $2,123,6S'13 Liabilities. Capital stock paid In $ 230.000 00 Surplus and undivided profits.... 87,060 40 National bank notes outstanding 50,000 00 Deposits 1,742,307 73 Total $2,129,ECS 13 PORTLAND) TRUST COMPANY. Docs & General Banking: Business and Receives Deposits The Portland Trust Company of Ore gon was organized in the Spring of 1SS7, INDIVIDUAL BANK H EVER "have the people of the Pacific Northwest had so much money in bank as now. On September 30, 1901, the individual de- posits of the National banks of Oregon, "Washington and Idaho were $42,311,265 09 a gain of over $8,000,000 in two years, and an in crease of over $16,000,000 compared with the best report in 1S92, the period of good times. To this enormous sum is to be added the de deposits of the private and foreign banks, which easily bring the total up to $75,000,000. The following tabulated statement shows Indi vidual deposits of the National banks of Oregon, Washington and Idaho, separatively and collectively, from December 9, 1892, to Sep tember 30, 1901: Date Dec 9. 1892 Mar. 6, 1893 May 4, 1893 July 12, 1S93 Oct. 3, 1893 Dec. 19,1893 Feb. 28, 1894 May 4, 1894 July, 18, 1894 Oct. 2, 1894 Dec 19, 1S94 Mar. 5. 1895 May 7, 1855 July 11, 1895 Sept. 28, 1895 Dec 13. 1895 Feb. 28, 1SDG May 7, 1896 July 14, 18&G Oct. 6, 1896 Dec 17, 1896 Mar. 9, 1897 May 14. 1897 July 23, 1897 Oct. 5, 1827 , Dec. 15. 1897 Feb. IS, 1S3S May 5, 1838 , July 14. 1S98 , Sept. 20, 189S....'.... Dec 1, 1S9S Feb. 4. 1899 April 5. 1899 , June 30, 1S93 Sept. 7. 1899 Dec 2, 1S99 Feb. 12. 1900 April 26.1900 June 29. 1D00 Sept. 5, 1S00 Dec. 13, 1900 Feb. 5, 1901 April 21. 1901 July 15. 1901 Sept. 30, 1901 Oregon. .$ 9.C39.357 39 . 9.197,925 23 . 9,961.362 67 . 8,059,306 94 . 6.915,593 35 . 6.278.152 65 . 6,213,71178 . 7.009,756 20 . 7.120,722 52 . 7.422.0S0 79 . 7.592,956 65 . 7.355.450 23 . 7,871.891 C6 . S.460.619 27 . 8.211,254 59 . 7,871,757 25 . 7.225.-7S3 76 . 7.3S6.412 76 . 7,384.192 21 . 7,347,68151 . 7,657,095 14 . 7.444.2S2 73 . 7.404,164 55 . 7,943,562 70 . 8.625,950 45 . 9.0S4.318 78 . 8,763.245 62 . 8,932,722 47 . 9.25LC53 25 . 9.524.116 32 . 9.85S.919 14 . 9.9S6.S04 73 . 9,822.643 73 . 11.360.036 47 .. 11.781.130 33 . 11,715,667 48 . 11,419.721 23 ,. 11,463,455 S3 . 11,744.063 91 . 11.782.003 39 . 12.332.721 86 ,. 12.2S2.330 67 ,. 12,456.424 72 ,. 13,107,743 14 . 13,567,024 09 Idaho. $2,050,635 67 1,935.516 78 L762.755 59 1.5S1.663 94 L302.609 60 1,557,963 91 1,475,958 94 1,556,483 99 1,666,359 32 1.6S9.716 19 1,706,551 91 1,493.123 13 1,520.189 SO 1,632,243 99 - 1,994,991 92 1,922,059 10 1,823,074 S3 1.816.636 51 1,798,448 12 1,846,374 54 1,870,332 25 L724.9S7 45 1.784.653 25 2,118,775 19 2,270.243 44 2.133.70SC6 2.091.S65 50 2,308,782 85 2.4S4 928 32 2,712 S92 38 2.703.685 96 2,745,585 98 2,778.325 71 3.077.523 46 3.512 261 SO 3.752.S67 93 3.471.S95 17 3,59-J 673 51 3.615.141 28 3.799.0S3 92 3.895.509 42 3,704.662 65 3,892415 23 4,269.953 5S 4,4S9,73S 26 l7W5w5 $ ( 70 1 mWtXXXXXXXXXXXMXXXm and of insuring the stralghtest lines and the smallest gradients, and the roadbed Itself has been so perfectly ballasted and so well filled that It has been possible to Increase the running time over the line to a speed that compares very favorably with the time made by the fast express trains of the great Eastern trunk lines. The Importance of the O. R. & N. sys tem can be best appreciated after reading and has been doing business steadily ever since. During the panic of 1S93 it met ev ery obligation without resort to clearing house certificates or other devices to bol ster up Its credit. It has of late years been steadily in creasing its business, until It is today rec ognized as one of the most progressive financial institutions of the City of Port land. It conducts a general banking business, and has a large line of savings deposits, upon which it allows interest at different rates, depending upon the length of time and other conditions of the deposit. As it is a large property-owner, it has gone extensively into the business of DEPOSITS $75,000,000. Washington. $14,080,716 95 13.848.182 19 13.499,463 33 8,997,734 S6 7,009,614 17 7.232,071 36 8,743,910 43 S.866,526 S3 8,324.715 26 7.SC2.420 01 7.447.637 79 7.74L010 44 7.772.569 01 8.182,049 24 7,659,879 79 7.203,989 73 6,995,300 01 6.961,114 82 7,371,641 61 6.468,977 59 7.7C6.S22 21 7.515,651 39 7.935,120 30 8.470.9S0 74 10.109.S42 8S 11.646,904 43 lLS11.0i9 94 12.S54.S27S2 13,202,356 05 13.82L022 70 14,892,414 71 14,495,082 63 15.515,866 68 17.474.516 76 18.702,972 59 19,774,833 63 IS.032,943 43 19,839,935 17 19,553.524 73 20.934,488 OS 20,S2L233 60 20.40L120 67 22,473.251 85 22.415.497 43 24,254,502 74 Total. $25,770,710 01 24.9S1.624 fe 25,223,581 63 18.643,405 74 15,227,817 12 15,163,187 92 16,438,531 20 17.432,769 07 17,111,797 10 16,974,216 93 16.747,146 35 16,5S9,5S5 86 17,164.649 97 18.274.912 60 17,866,126 30 16,937,806 03 16,044,213 60 16,164.164 09 16.554.281 94 15.663,033 64 17.294,263 60 16.684.921 57 17.123,938 10 18,533,318 63 21,005.536 77 22.864.331 92 22.672,161 05 24,095,333 2i 24.938,942 63 26.05S.031 40 27.45S.019 SI 27,227,473 40 2S,126.S35 14 31.912,096 69 23.S96.354 73 35.243,374 03 32,954,559 83 34,897.104 56 34.917,720 07 36.515.5S1 37 37.043.464 83 36.3S8.113 99 38.822.091 82 39,793,194 20 42.311,265 03 He S&. i rr, the statement of its mileage published below. A reference to any standard map will show that the tracks of the system practically gridiron Eastern Oregon, East ern Washington and Northern Idaho, a section of country that, In Its diversity of resources, challenges the world. The country reached by the O. R. & N. east of the mountains alone produces today upwards of 45,000,000 bushels of wheat a building houses on the installment plan, j and Is enabled to meet the requirements of all persons, whether they are wage earners or well-to-do business men. It also has various other departments. It conducts a fire Insurance business, cares for estates, has a large number of houses and stores which It rents, and attends to the payment of taxes. Its principal business, however, is the conduct of trusts and all kinds of fidu ciary transactions, for whldh purpose it has a thoroughly equipped plant and skilled officers. Its stockholders Include the principal capitalists of Portland, and also a num ber of very wealthy men in New York, Philadelphia, Baltimore, and other parts of the East and in Europe Its officers are-: Benjamin I. Cohen, president; H. Li. PIttock. vice-president; Dr. A. S. Nichols, second vice-president; 3. Lee Pagett, secretary; J. O. Goltra, assistant secretary; C. E. Brown, super intendent of real estate and rent depart ments. CANADIAN BANK OF COMMERCE. Portland Branch of One of the Lars cat Banks In the World. Portland's position as a center of trade and finance Is given a most signal rec ognition in the establishment at this point of branches of some of the largest finan cial Institutions in the United States and Canada. One of the greatest banks of the Amer ican Continent today is that of the Cana dian Bank of Commerce, with headquar ters at Toronto, Canada. The assets of this bank at the, present writing approx imate nearly $71,000,000. The last general published statesment of this strong finan cial Institution, published on the 30th day of November last, showed total assets of $70.616.CS3 17. This single Institution car ries deposits aggregating $51,679,365 93. A bank with assets approximating near ly $71,000,000, and which commands the control of finances even far beyond this amount in the many connections it has formed, does not do business on any thing of a sentimental basis. The best recognition the management of this bank can give Portland at tho present .time is found in the statement that one of its leading Coast branch banking houses is permanently established at this point. The Portland headquarters of the Cana dian Bank of Commerce are located in the Commercial building, at the corner of Second and Washington streets. They occupy the old bank quarters of the Portland Savings Bank, quarters especial ly adapted to handling a large banking business in the most expeditious manner possible. The Canadian Bank of Commerce one year ago absorbed what was known as the Bank of British Columbia, one of the strongest banks in Its assets and its connections on the continent. The reor ganized "bank now conducts some 67 branch houses In different parts of the United States and Canada. The combined capital of this financial Institution is $3,000,000. and It carries a reserve fund in excess of $2,000,000. Its standing Is un questioned, and It is able to control at all times a sufficient amount of capital to meet every reasonable demand of its patrons in the rich and rapidly growing field that Portland's business Interests control. Te Incentive for the "consolidation of m0? s . ' "v.. 0 year. This same country has a posslme wheat production of 100,000,000 oushels or wheat a year. It is a country" the trade of which naturally all belongs to Port land, and It Is a section that In the near future is destined to be the homes of thousands of contented families who now suffer from the rigors of low temperatures In the East during the Winter months, and who run the risk of complete failures the Bank of British Columbia and the Canadian Bank of Commerce was ex plained in an address by Mr. Robert Kil gour, vice-president, at a meeting held In Toronto in June last, in which he stated It was a move entirely in the way of ex pansion, made In. anticipation of the new era of advancement and substantial prog ress that is dominating affairs today in Canada and all of the United States, it was to meet the demands of Increased business, and the consequent increased demands for the use of large capital, that t LOANS AND DISCOUNTS LOANS and discounts of the National banks of Oregon, Washing ton and Idaho are larger than they have been at any time since July 2, 1893. Washington and Idaho have nearly doubled their to tals in the past three years, and the gain in Oregon, while not so pro nounced, has been steady and healthy. In the period embracing the last of the good times of the '90s, the hard times, and the present era of prosperity, loans and discounts reached the highest point on May 4, 3893, when they were $32,752,480 05. Then they slumped, touch ing the lowest point at $14,543,994 80 on May 14, 1S97. Since then there has been a steady recovery, and on September 30, 1901, loans and dis counts amounted to $25,244,2S1 68. It is safe to say that the loans and discounts of September 30, 1901, represented more actual and substan tial business than did the total reported on May 4, 18.93. Bank busi ness is today free of fictitious values and mushroom-town and other crazes. The following figures of loans and discounts for several years past are given for comparison: Date Dec. 9, 1892.... Mar. 6. 1S33.... May 4, 1893.... July 12, 1S93.... Oct. 3, 1893.... Dec. 19. 1893.... Feb. 28. 1834.... May 4, 1834.... July IS. 1S94.... Oct. 2. 1894.... Dec 19. 1894.... Mar. 5. 1S95.... May 7, 1S95.... July 11, 1895.... Sept. 28. 1S95.... Dec 13, 1S95.... Feb. 23, 1S96.... May 7, 1896.... July 14, 1836.... Oct. 6. 1896.... Dec 17, 1896.... Mar. 9. 1S97.... May 14. 1837.... July 23, 1S37.... Oct. 5, 1S37.... .Dec 15, 1S37.... Feb. 18, 1S33.... May 5, 1S3S.... July 14. 1833.... Sept. 20, 1SSS.... Dec 1, 1893.... Feb. 4, 1839.... April 5, 1S93.... June 30, 1S39.... Sept. 7, 1S33.... Dec 2. 1839.... Feb. 13, 1900.... April 26. 1903.... Juno 29. 1900.... Sept. 5. 1900.... Dec 13. 1900.... Feb. 5, 1901.... April 24, 1S01.... July 15. 1901.... Sept. 30. 1901.... Oregon. ....$12,043,163 41 .... 11,864,723 79 .... 12,557,071 90 .... 11.041,973 6S .... 9.89233 79 .... 8,940,963 70 .... 8.165,57S 41 .... 8.242.373 16 .... 3,157.311 25 .... 8.000,827 93 .... 7,776;422 45 .... 7.497,761 S3 .... 7,4S5,0712S .... 7.341.286 47 .... 7,234.093 45 .... 7,145.332 89 .... 6,795,543 43 .... 6,707.758 77 .... 6.692,160 12 .... 6,372.213 35 .... 6,231.413 S3 .... 6.2S0.849 81 .... 6,028.914 19 .... 5,54,661 47 .... 6,351.552 12 .... 6,003,458 04 .... 6.140,102 76 .... 6,325,994 62 .... 5.850.534 95 .... 6.029,23S 03 .... 6.087.S00 55 .... 6.13.330 82 .... 6.247,525 84 .... 6,254,280 24 .... 6,26S,373 53 .... 6.751.936 43 .... 6,973.325 63 .... 7,316,10126 .... 7,491487 93 .... 7.572 793 03 .... 7.952.S01 60 .... 7.SC0.91144 .... 8.030.675 10 .... 7.677.6SS83 .... 8,122.653 85 -----l MHM t-----4- mir jCA&es of crops during any year that they remain on their farms in the Eastern and Mid dle Western states. It Is via the O. R. & N. system that the fastest through, time is made between Portland. Chicago and New York. The O. B, & N., Oregon Short Line, Union Pa cific and Chicago Northwestern systems combined give a three dajs direct limit ed service between Portland and Chicago. Two elegantly-appointed fast express trains run dally each way over this route. In addition to this the O. R. & N. and the Great Northern combined run a fast dally first-class train between Portland and St. Paul. This Is the fastest and most direct route between Portland and the Eastern terminus of the Great North ern and Northern Pacific systems. The management of the company Is ex tremely liberal in Its policies, especially as bearing on the effort to Induce de sirable Immigration Into the arable cen ters of the Pacific Northwestern states. Under Its direct management costly ex perimental agricultural stations are maintained at different points along the line of road in Eastern Oregon and East ern Washington. The success of these stations may be appreciated by the state ment that the first prize given for grain by the Paris Exposition was awarded to the Oregon Railroad & Navigation Com pany, with headquarters at Portland. The company runs extensive lines ot freight and passenger steamers on both the Willamette and Columbia Rivers. On the lower river all of these steamer lines terminate at Portland. On the Upper Snake between RIparia and Lewlston the company conducts a fine line of freight and passenger boats; boats that act as feeders for the main line, crossing Snake River at Riparia. The company also ope rates at frequent intervals Al passenger steamships between Portland and San Francisco. These steamers, in point ot equipment and comfort, compare favorably with the finest steamship lines on the Atlantic Coast. Mr. A. I. Craig, general passenger agent of the O. R. & N. at Portland, has charge of the Immigration work of the company ho represents. Mr. Craig will be glad at any time to answer all Inquiries made re garding the resources of the vast section of country crossed by the system, and also the possibilities of production In the best sections of Oregon, Washington and Idaho. Mr. Craig will send full informa tion and printed matter containing much accurate knowledge of the line and the country it so fully serves, on request made to him by letter. All inquiries should be addressed to A. L. Craig, gen eral passenger agent, the O. R. & N. Co., Portland, Or. induced Mr. Kllgour to advocate the con solidation of these two strong institu tions. The clear Insight which ho had at that time covering the exigencies of the business in which he was so largely In terested was clearly demonstrated by the subsequent prosperity of the country as a whole, and the success of the Canadian Bank of Commerce, which Is now con nected so closely with business Interests of large concerns throughout Canada and the United States. The following summary ot the general OF NATIONAL BANKS. Idaho. $1,919,309 63 2.01S.108 35 2.029.177 35 1,920.793 26 1,636.188 73 1.546,824 60 1.442.35S 12 1,455.383 33 1,455.857 47 1,447.483 21 1.469.164 33 1.433.460 82 1.436.152 03 1.297.62S 00 1,291.716 56 1.359,661 36 1.297f332 86 1.237.633 13 1,265.434 83 1.197,733 35 1,165.902 54 1.102.897 47 1.062.67102 1.036 214 10 1.066.699 04 1403.267 SI 1.0SS.053 03 1J63.279 79 1.127.640 OS 1433.511 31 1.263.022 09 1,234.905 57 1,347.266 21 1,123,622 87 1.039.263 27 1480.923 25 1.331,894 43 1.464.784 80 1.473.3a; 19 1,367.121 73 1.851.053 56 1.922.295 62 1.934.970 16 1.S76.372 18 2.043.70310 Washington. $17,727,382 13 17.692.004 21 18.166.239 0 14,879.146 32 12,430,239 05 12,293.567 26 12.30S.622 74 12423.567 S5 11,872,655 39 11,434,699 50 10.478.743 41 9.8S3.837 CO 9.516,204 S3 9,303,576 42 9,300,049 55 8.436,523 S3 7.874,963 43 7.743.7S0 11 7.53295 75 7.03S.013 15 7.013.441 14 6.537.711 63 6.432.403 53 6.573.TM3 25 6.795.343 30 7.270.94S 97 7.10O.209 21 7.136.4TI 24 7.110.754 72 7,402.757 93 S.033.6S6 26 7.911.551 16 S.071.621 11 8.904,153 20 9,431.055 99 11.224.445 78 10.97S.235 16 11.658.057 78 12,O70,3S3 27 12.1S8.343 13 13,732,797 26 13.5S7.371 32 33.S93.621 46 14.109.6O7 43 15,077,924 73 Total. $31,634,860 19 31.574,841 35 32.7521449 05 27,841.924 26 23.559,021 57 22,785,633 26 21,917.553 27 21,826,325 34 21.3S6.S24 11 20.SS3.015 64 19.724,330 19 18,817,059 64 1S.438,423 21 17.914,490 S3 17.S75.S64 97 16.942.118 13 35.967.845 82 -15.743.177 01 15.4S9.990 62 14.607.959 86 14.410.762 51 13.921.45S 91 13,543.994 SO 13.570.S18 82 14,214.194 46 14,337,674 82 14.2US,3t3 05 14.632,705 63 14.0SS.543 76 14.555.527 32 15.403.533 91 15.321.843 35 35.665.413 16 36.2S7.0C1 31 16.73S.C92 79 39,157,310 46 39.333.4C6 27 20.438,943 84 21.034.956 39 21,128.263 91 23,536.75S 42 23,310,513 38 23,862.266 72 23.653,668 51 25.244.2S1 68 ---" --- tt3 statement of this bank, published on No vember SO last, will be read with Interest by the Portland people: Liabilities. Notes of the bank In circulation $ 7,C66,255 00 Deposits not bear ing Interest..... .$14,974,600 45. - - Deposits bearing Interest, Includ ing Interest ac crued to date 36,701.763 50 51,679,365 95 Due other banks In Canada . 240,567 54 Due other banks in foreign countries 166,770,63 Due to agents In - Great Britain 730.45S 34 Dividends unpaid... 1.906 S7 DMdend No. 69. payable Dec. 2.. 2SO.000 00 Capital paid up 8.000.000 00 Re&t 2,000,000 00 Balance of profit and loss account carried forward.. 251,047 8410.251.047 84 Total $70,616,3S3 17 Asnets. Coin snd bullion. .$ 1.350,579 07 Dominion notes... 1,619,325 50$ 2,999,974 57 Deposit with Do minion Govern ment for security or note circula tion ..... 300,000 00 Notes of and checks on other bank 2,252,245 53 Due by other banks In Canada 227,846 03 Due by agents af bank and other . banks In foreign countries 1,952,S3S S2 Government bonds. municipal and. other securities.. 9,401,700 S3 Call and short loans on stocks and bonds 8.691.429 93 Total $25,S25,5S3 73 Othercurrent loans and discounts ' 43.0S1.334 S4 Overdue debts (loss fully provided for) 269.S43 24 Real estate (other than bank prem ises) 174.S79 06 Mortgages 17S.032 64 Bank premises 1.000.000 00 Other assets S6.677 66 Total $70.616.3S3 1J A STRONG SAVINGS BANK. Substantial Growth In the Year Which Han Jnst Ended. The Hibernla Savings Bank, of this city, doing business at 247 Washington street, is one of the most considerable savings Institutions in the state. Its authorized capital is 5100,000, and. In addition to the savings feature. It does a general bank ing business. Dr. Andrew C. Smith Is president and B. S. Rellly cashier. It was organized In 1S92, and since that time has made very marked progress, but at no time In its history, however, has its growth been so great as during the year Just closed. During that period Its business has been almost double that of the prelous year. The Hibernla Sav ings Bank has been the means of helping many people to obtain a little start In the world. They take amounts on deposit as small as 51 at a time, and this fact en ables many to put their savings away in a safe place where they will be drawing interest. UNITED STATES NATIONAL BANK. Deposits Amounted to Nearly $1,000. OOO on December 10, 1001. The United States National Bank, at the corner of Stark and Second streets, Is one of the most conservative financial insti tutions in. Portland. The last statement of the United States National Bank, mado on December 10. 1901, was as follows: Deposits 59S0.317 47 Cash on hand 645.511 !2 The capital of the bank is $250,000, with a surplus and undivided profit account of $47,600. The officers of the United States Na tional are: Tyler Woodward, president; Jacob Kamm, vice-president; Frank C. Miller, cashier, and A. M. Wright, as sistant cashfer. WELLS, FARGO & COMPANY'S BANK. One of the StronRent Institution on the Pacific Coast. The bank of Wells, Fargo & Co., a branch of which Is one of tho big flnan-x clal institutions of this city, has a capital of $500,000, a surplus of $5,575,000, and un divided profits of $3,311,290. It carries de posits of $3,904,102, antT has loans aggre gating 510,642.400. The head office of the bank Is In San Francisco, and It has also branches at Salt Lake and In New York City. Of tho Portland concern. R. Lea Barnes is cashier and John E. Miles as sistant cashier. The position of president has been filled in a most able manner for a great many years past by J. J. Valen tine, recently deceased. LONDON & SAX FRANCISCO BANK. Pald-Up Capital of $2,500,000 and a Reserve of l,O00,000. Tho London & San Francisco Bank, Ltd., having Its head office at London, England, has branches at San Francisco, Portland, Tacoma and Seattle. The bank has an authorized capital of 52,500,000, a paid-up capital of 51.40O.COO, and a- capital reserve of $1,000,000, and is therefore one of the very strong financial concerns of the country. It does a large business In this city. Mr. W. A. MacRae is tho Portland manager. THE AINS WORTH XATIONAL BANK. Corner of Third and Oak Streets, Port land, Oregon. J. C. Alnsworth, Presi dent; Percy T. Morgan, Vice President; R. W. Schmeer, Assistant Cashier. PORTLAND STOVE WORKS. A Local Factory That Is Meeting: With Success. The Portland Stove Works, at 626 Hood street, Is one of the Important manufac turing plants of Portland today. It has now been established here for nearly 20 years past, and Its stoves today find a market In all parts ot the Pacific North west. It has already paid out thousands of dollars In wages to Its employes, and It Is looked upon today as one of the high ly successful factories of the city. The Portland Stove Works manufacture 200 different kinds and sizes of cook stoves, and over 50 patterns in coal and wood heaters. It Is the only factory on the Coast which makes a specialty of furnish ing all parts necessary for the repairs of stoves. ' The nickel-plating plant run in connec tion with this factory Is built after the most modern type, and It Is doing today practically all tho fine nickel work in the city. The trade of this company, which Is wholly with Jobbers, reaches as far south as San Francisco and north as Alaska. The Portland Stove Works plant is owned by Montag & Cleave. Its success has done much to advertise Portland, as every store sent out by the company bears the name of Portland the seat of it3 manufacture, in a conspicuous place. The company make a specialty of French ranges for hotels, restaurants, mining and logging camps. They manu facture a range from seven feet up to any length. During- the coming year there Is to be added a modern steel range plant for the manufacture of all kinds of steel " ranges adapted to all kinds of fuel. More settlers have located In the vi cinity of Independence, Or., In the past three months than In the previous four years. The newcomers are generally peo ple of means, looking for good homes. !Z "..