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•SHOWN BY DEPOSITS Nine National Banks Report Having Over One Hun dred Million Each CITIES OF THE WEST FORGING TO FRONT IK Forty-nine Banks Are Each Found to Have Deposits of Twenty Five Millions or More—A Fine List By HOLLAND New York, July 17.—(Special.)—From the reports which were made to the comptrol ler of the currency at Washington by the national hanks of the United States on the last day of the fiscal year which ended June 30, it was possible to glean .information which shows the magnitude not only of the growth of the deposits carried by the national banks of the United States, but also of the growth of the banks in some of the larger cities. For instance, nine national banks reported, eaoh of them, gross deposits in excess of $100,000,000. Of these nine, two do busi ness in Chicago, the rest in New York city. The largest grass deposits carried j by any one bank are $274,000,000, round / numbers, and no other bank carries as much as this by $100,000,000 excepting one in Chicago. Two Boston banks carry gioss deposits which are Just under the $i(K),000,000 class. One of these, the Shaw mut, reports $98,000,000 of gross deposits and another, the First National. $83,000,000, and these are fine demonstrations of Bos ton’s financial strength. Only a little over 2 years ago the high water mark of gross deposits was that which had b?en secured by the Chemical bank of this city. When it was able to report that it carried groas deposits of be tween $26,000,000 and $3‘t.OOO,OOU it was recog nized as the leading American bank. Its latest report to the comp troller of the currency shows that it 1ms just about maintained its own. It Is in the list of 49 national banks which carry gross deposits of $25,000,000 or more, but ii is far down in that list. Its deposit line has varied very little for 20 years, presumably because it has refrained from tempting deposits by promising to pay in terest on them. The leading American bank so far as de posits are concerned, the City Bunk of New' York, has not obtained the suprem acy by absorbing other banks. Another lbtr*k of New York, the Chase, which is | fourth in*the list wjth $151,000,000 of gross f deposits, has not .pained its high posi tion through the absorption of other ! banks, nor has the Park National bank of J New York, wii *se gross deposits are a little over $100,000,000. But the banks cf I Chicago end the banks of New York, ex cepting the three just named, which have reported to the comptroller that they now carry deposits in excess of $100,000,000. gained some part of this prestige by means of absorption of other banks. A Fine List That at the close of the fiscal year, v hich has ben presumed to be a season of considerable business depression and financial sluggishness, 49 banks in the United States should be able to report gross deposits ranging all the way from $25,000,000, round numbers, to $275,000,000 is regarded here as furnishing fairly good proof of business activity during the past fiscal year. After all, the most interesting of the statistics reported to the comptroller of the currency are those which disclose the great growth of the* west and the north west with respect to banking resources and the accumulation of deposits. New York, Chicago and Boston are pre-emi i.ently the leading cities in the United States so far as national bank deposits are concerned. That is to say, so far as large figures tell the story of deposits. Yet there seems to have been within a few years, relatively, as large a growth in banking strength and as good a revela tion of commercial activity in other parts of the country and among the cities of a lesser rank in population and wealth than j ■■ 11 11 11 —11 I ' ^OME men could afford : O to wear silk britches, : but they don’t, ’cause J wool makes better L britches. The men : that smoke VELVET : -I don’t do it ’cause it’s - economical : i j VELVET, The Smoothest Smoking Tobacco, is made of -■ the best tobacco for pipe smoking. It is Kentucky Burley deLuxe, the tobacco in which Nature put the finest smok ing qualities and with an extra aged-in-the-wood mellow J ness. Full weight 2 oz. tins, 10c. Coupons of Value T with VELVET. Hi w inr ii irr_ ATTRACTIVE EASTERN TOURS i VIA LOUISVILLE & NASHVILLE R. R. / r j y. I j/i j, /hNn /t N Covering tour from Birmingham to New York, J Lake Champlain, Montreal and return, thru the J intermediate cities shown in above map. Tickets A * on sale daily; return limit sixty days. ^ Other similar attractive tours, taking in eastern and northern cities l and resorts, are available, f Liberal stop-overs allowed on these tickets. Stop-over en route at Mammoth Cave, the World’s Greatest Subterranean Wonder. For further information, schedules, fares, sleeper and boat reservations, etc., call or address * J. H. SETTLE District Passenger Agent Phones, Main 977 or 5813 !■! t, SUMIV^._ ) Chicago.$26.90 St. Louis _$20.35 Detroit .. $30.25 Niagara Falls -$34.10 Battle Creek.$28.50 Buffalo. $34.10 Petoskey.$37.85 Toronto.$34.10 Mackinac Island ..$40.25 New York . . $41.35 Musk<«on . $31.15 B $44.20 Frankfort . ).90 _ , .. Denver. ).00 Atlantlc Clty.$39.15 I Salt Lake City 5.00 Saratoga I / Los Angeles, Si St. Paul Ll Francisco ... F2.50 Portland, Seattle |i( to hundreds of other ideal Wnk Let us plan your trip. ' I ANDERSON, Dist. Pass. Agent ) I First Avenue 1 — Great Number of Planters Making Success of Diver sified Farming Moulton. July 17.—(Special.)—Notwith standing the fact that a great number of i .a wrence farmers are very pessimistic at present because of the unusually long drouth, yet there are a few who have been making a special study of their busi ness and in a way have made preparation for such a year both by better methods of farming and by laying up a bank ac count in the past. . It has Just developed that one man tn the tvestert) part of the county has been clearing over $1000 a year on his [arm. This man does not care to have his name made public. He is making a special study of crop rotation and stock rais ing. Another very successful farmer, Ed Stewart, Just south of Moulton, has made more than 16 bushels of wheat on eacli of five acres sown last fall. He is following diversified farming and making a decided success of It. A few years ago 17 farmers bought out the Farmers' Ijnion warehouse at Hills boro when it had to be sold by that or ganisation. By skillful management these men have realised 8 per cent on their in vestment In the past year. . New York, Chicago and Boston. It does appear a little strange that so ls:ge a city as Philadelphia should be, so far as Its banking strength represented by gioss deposits is concerned, well down in the list. The largest of Philadelphia hunks reports only $66,000,000 of gross de posits, and in this respect It Is only a lit tle ahead of Pittsburg. In the last year of the nineteenth cen tury observing bankers of New York be gan to take heed of the growth in de posits and resources of some of the smaller cities of the United States, smaller in comparison with New York, Chicago or Boston. The reports then re ceived seemed to demonstrate that many of tlte cities of tile west were beginning to become rich in money resources. At tention was at first fixed upon Pitts burg. The reports of the banks of Pitts burg as long ago as 1896 demonstrated that Pittsburg was rapidly becoming a city of great and independent financial strength. The colloquialism of the day In the Wall street district was: "There's lots of money In Pittsburg." At first this Was presumed to be due chiefly to the Carnegie Steel properties and some of tile other large industrials of Pittsburg, so that it was though that tills growth might be for many years confined to that city. But after aw’hile it was observed that Cleveland was reporting large in creases in bank deposits and the report made on June 30 to the comptroller at Washington showed that one Cleveland hank Is carrying gross deposits of $35,000, 000, an amount which 20 years ago would have been called phenomenal were any New York bank of that time to have re ported It. It began to be said of Cleve land early in the present century that •'There is a great deal of monev in Cleve land.” Detroit, In this latest report to the comptroller, gives good demonstration of the possession by its banks of very heavy lines of deposits. One of the ' Detroit banks reported $45,000,000 of gross de posits, a sum practically equal to the largest gross deposits reported by Pitts burg. This is In part attributed to the growth of the automobile industry. Buffalo is shown by this report lo be In a very strong position and to be the center of very large industrial and com mercial activity. It has become a money center. Two of Its banks report gross deposits, one of $46,000,000 and another of $25,000,000. Kansas City gained recognition some 10 or 12 years ago as an influential money city, a city rich In its own independent funds. That Is attributed here in part to the packing interests. It is the small est city of the United States in popula iiorr to report that one of its banks car ries $15,000,000 of gross deposits, with a single exception—Albany, N. Y„ one of whose banks carries a like amount This is explainable probably bv the fact that Albany Is the capital of a state and the state treasury department collects large funds. In the Northwest Not the least gratifying of the reports received by the comptroller which shea the great growth of banking Strength and therefore the growth of Industrial and commercial activities were the reports received from the vast region of which Minneapolis is the center. That city has become rich in money possessions. One Of Its hanks carried $32,000,000 o,f *tors deposits and, another $25,000,009. while a bank in the neighboring city of St. Paul carries $27,000,000. Disclosures of this kind which the reports that were made to tile comptroller of the currency have fur nished are indisputable proof of the rapid ™»Y'f *hp west and. It may he added. Of the Pacific slope, which contains three hanks that are in the $25,000,000 class, with respect to hanking power and the rapid accumulation of money capital reflecting industrial and agricultural activity. It should be reported in connection with this matter that many of these western hank ing institutions furnish great markets fin eastern commercial paper. Some refer ence should lie made to the growtli of St. Donls, one of whose banks carried $42, 000.000 of deposits, another $32,000,000, and still another $31,000,000. figures which of themselves demonstrate the Industrial ac tivities of the vast legions of which St l-iouls is the true metropolis. CITY OF EUFAULA MAY BUY AUTO FIRE TRUCK Committee Coes lo Atlanta to Inspect Fire Apparatus There—School Census Completed Eufaula. July 17.-(SpeciaI.)-The city council is considering the purchase of an automobile fire truck for the Eufaula de partment. In order to Recure definite In formation on the subject. Alderman A. M. Brown, chairman of the committee on the fire department, and Chief D. H. Jtlley have gone to Atlanta. The value of the automobile equipment will be dem onstrated there and It Is probable that the change will be made by the city coun cil. It is thought that fire insurance rates would be considerably reduced in the city by this move. 1 here are 1778 persons of school age in Eufaula, according to the censu, lust .completed by Ban Mabry, who w-as named as enumerator by the -ity council This census show j an increase of 172 over that cl last year and will mean an increased appropriation from the state und county school funds. Of the total number there are 906 whites and 828 colored. Of the whites. 784 are able to read and write, while 121 were classed as illiterate. The colored children showed 442 literate and 381 illiterate. The detail work required several weeks being done by J. S. Grubbs and Fred Mabry. The annual reunion of the Confederate veterans of Barbour county will be held Friday, July 24, at Blue .Springs, and the committee in charge of the arrangements, headed by George W. Zorn of Baker Hill is looking for a big crowd. Arrangements are being made to move the office of the city light and water de partment from its present location on Eufaula street to the courthouse. The city clerk's office will be used by both departments, while other rooms in the building will be used for the mayor's court and the sessions of the city council, p . f r 1 Fight Comes up Every Year But Result Always Proves the Same ALL ARE WILLING TO TAKE THE MONEY Saving Would Be Only $100,000, But Millions Are Recklessly Voted for Unworthy River Projects By C. E. STEWART Washington, July 17.—(Special.)—The House of Representatives has again been humiliated. The Senate forced the House to accept the views of the Senate with reference to mileage for members of Con gress, much against the will of the House, and the item stands in the legisla tive, executive and judicial appropria tion bill at 20 cents, just as it has stood since the beginning. For 15 years this question of mileuge has agitated tlie House, according to Rep resentative Fitzgerald of New' York. An nually, when this appropriation bill is brought u]f, the question is raised, and the same old ground :s covered by some ambitious member, who either wants hon estly to economize, and believes this a good way to do so, or needs the adver tisement in his district, and proceeds to attack the mileage item. The total mileage paid to the entire membership of Congress per annum is something less than $260,000. The legisla tive, executive anti judicial appropriation bill alone carries $37,000,000, and the net saving if the mileage was reduced to actual expenses of members of Congress and their families would be perhaps $100, 000 a year. The public buildings und grounds bill recently passed by Congress carried over $40,000,000. It provided for postoffice buildings in some towns in the country, which will be erected at a greater cost than any throe other buildings, perhaps, in the town. It provided for sums for the purchase of sites for postoffices at a sum fixed in the appropriation, in cer tain small country to.vns, where the choic est real estate offerings in the corpora tion limits of the town would not bring half the sum designed for the government to pay for these sites. Not a member of Congress, in either branch of it, but who contended for recognition of some kind in the public buildings and grounds bill, 1 i'd not a member but who had some de velopment plans for .he rivers of his dis trict of the highest impoitance to naviga tion, on the rivers and harbors bill. Demands of Constituents In tl is members of Congress—they free* ly admit it is private conversation -are j merely yielding to the demands of their constituents. Development of waterways and public buildings appropriations by Ccngress are the greatest menace to economy; beside them the insignificant question of mileage amounts to absolute ly nothing. Questions of votes in sup port of these measures to insure their passage througn Congress, it has been raid, make the real needful work of the government toward development of water ways actually cost double what it should because of the money wasted on work un* necessary in sections of the country where the work is not needed for navigation and to aid commerce, but *s needed to insure the sufficient number of votes to pass the appropriatioi s. Members of Congress who annually cap italize the mileage question and will delay the passage of the appropriation bill car rying that item for weeks in a vain at tempt to reduce the appropriation for that item, thereby saving the government—if successful—whicli they never are—$100,000 perhaps—will vote for an appropriation of $500,000 or more to dredge or build locks and dams in some stream in their dis tricts that would have hard work In float* ing a boat that could carry the appro priation In silver dollars. Representatives Underwood and Fitz gerald had to finally come to the rescue of the legislative, executive and Judicial i appropriation bill. The House leader himself has always consistently stood for ‘actual expenses" for members of Con gress in the matter of mileage. He real ized that the House must have its an nual spasm over the question of economy on tliis bill. He left them to wrangle over it for a couple of weeks, and seeing no | end to the controversy, he quietly stepped in and told the House that the bill must be passed, ample opportunity had been [given them, hut a great appropriation bill must not be held up for weeks over one little item. The House took its medicine like little men and voted to accept the Senate amendment having thus reversed Itself on the question of mileage not less than three times. All Accept the Money There are, of course, many gentlemen in the House who do not believe that it is right for the government to pay 20 cents a mile for their transportation to Washington. They are not so absolutely convinced, however, that this is not right, that they have refrained In large num bers from accepting the 20 cents per mile. So far as is known no one has turned down the money. It has been designated as graft, robbery of the peo- , pie, and all that by excited members on i the floor, but as Representative Mann said, they usually take the money. More over, the same gentlemen who get so ex i cited over this “robbery of the public treasury" remain away from their post of duty in the House for weeks and weeks at a time, but take pay for all the time they are away despite a rule to the con trary on the statutes. Representative Fitzgerald of New York, who has carefully studied the question of appropriations—being the head of the great appropriation committee of the House, is firmly convinced that Congress can never control properly the appropria tions along the Hoes of economy de manded by the democratic party In Its platform declarations, until a new sys tem of appropriations is adopted by the House. A plan suggested by Mr. Shirley of Kentucky. Mr. Fitzgerald of New York, and Mr. Underwood, for a budget committee, was turned down over a year ago by a caucus of democrats, the first real defeat of a matter that was close to the heart of the present leader of the rna- . jority. However. Mr. Fitzgerald is de termined to continue the fight for some | 'such plan. Until he gets it through al- ; most any Congressman will admit that | Congress will continue to spend all the money the treasury collects and then some—If not checked. Cantaloupes $1 .00 the J- Crate 100 crates just received fresh last night. Choice stock. Take your pick at $1.00 the crate—just half price. None charged, none delivered. Garrett & Hines 2118 Morris Avenue At Porter’s— A Sale Wherein You Get What You Pay For! THE money YOU spend for clothes is YOUR good money and you are right in expecting and DEMANDING satis factioa for it. You want DEPENDABLE QU ALITY. of course. You want COMFORTABLE and WELL FITTED garments. You want CORRECT and BECOMING STYLE. YOU’LL find ALL these features in Porter clothes with the added attraction of these big reductions in price. $15 and $18 $11 £A Suits.V-lAwv $20 and $22.50 (M 0 CA Suits. s2Jtsand $2S.$18.50 Others as high as $40 at equally attractive cuts. Our entire stock; mohairs, crashes, tropical worsteds included. EVERYTHING MEN AND BOYS WEAR I 1922-1924 First Avenue "In The Heart of Birmingham" Money Changing Seems to be Important Industry in the Occupied City Vent Crus. Mex., July 12. (Special Cor respondence.)—The "Espagne," the French 1 ship that carried the delegates to Niagara, was in the harbor today, as well as the "Alfonso 13," from Barcelona, Spain. When the ships of this type mine in the best people turn out to greet friends that arrive, and for the first time 1 saw' some Indies that we would consider pretty back j home. I made friends with a little boy i that was with his mother awaiting the ar il'al of relatives. He was a baseball en thusiast, just like my boys are, and wrote his name down for me. *1 knew a few wc i ds of his language and he had picked up a little English, so we got along tine. There Is another "muchaeo" here 'hat v.orks for a hank that is a friend of mine, and the way he is picking up our language is wonderful. Speaking of hanks, 1 note in today’s "l istamen" that one of the banks in this city has declared an 8 per cent dividend, payable August 1. Just how' they can do this is a mystery to me. for conditions have been so unsettj »d that no one could to.I when a loan was safe. Another thing is that the price of Mexican money varies greatly. Today T got three for one for gold; four days ago it was 3.20; so 1 do not see hov^ they know when they have made any money. Speculating in ex change Is a big thing here; nearly all < lassefe engage in it. Everywhere you go you see the sign "Cambio de Moneda." which means change money. A peculiar thing is that English gold docs not bring quite so much as ours. The Eng lish sailors, when paid off, first convert their money into United Stales, and then cl ange it Into Mexican. They tell me they get better rates that way. I know the cashier of the bank that "ill mako pay nit nt of the 8 per cent dividend, and I Itarn from him that they carry a heavy rcierVe in actual gold, and that theil* leper money is sougnt after, and is more valuable than that of any other bank in this section. They have branch banks, and a most peculiar name for it. They use the word “sucursal" to denote a btanch bank It is written after the name of the parent, bank is given. In tlie best banks they always have one man that can Bixak English. One thing that has helped the banking situation here has been the great amount of gold that has come in with the United Stat s forces. Business, hewever, is practically null, and unless the milway Is soon repaired so freight can be transported there will be no bank dividends or anything else. When the non de plume of "Bill Sikes" was adopted I wondered how many Age Herald leaders would recall Dickens. One from far off Fljrlda has written protest ing against its use, but he overlooked that it was not "Sykes." but plain Sikes taken from a character I knew back in the states. BILL, SIKES. State Geologist Finds Valua ble Deposits of Superior Quaity Jackson. Miss., July 17.—(Special.)—Dr. E. N. Do we, state geologist, has been spending the day at his headquarters in Ja< k.son. looking after his correspondence. He has recently made a trip through the northern tier of counties and into the northeast, where his land survey parties are at work, and reports that during this trip he ran across a large deposit of iron ere In Winston county. His attention had been called to this outcropping pre vious to bis visit, and while in that lo callty he took occasion to investigate. Ho found that the ore is of a very superior <iuulit>, about like that In Marshall ami Benton counties, but has not made thor ough investigation as lo the extent of th* deposit. Speaking of the deposits of ore in the vicinity of Pottscamp and Hickory Flat. Dr. T^owo says the small smelter built thfre a few months ago has converted Into pig Iron about 125 tons, which »■ said to hr worth $86 per ton at Pittsburg, but the freight rates are so high the pro moters of the Industry have so far re fused to ship what they have ready for market. A great quantity of the sam« or«> lias been mined and is ready for melt ing hut the plant has oeon shut down for s metlme, and nothing has been done to bring results to the stockholders. / You’re missing the main point when you itemize the sports that Colorado and other places offer and compare the length of the lists. It isn’t what you do in Colorado, but the keen pleasure of doing it in Colorado, that makes this playground beyond comparison. Frisco Lines thru sleepers to Colorado Frisco is the short-cut, cool route 10 Colorado, via Memphis and over the Ozark hills. Splendid electric lighted Pullman sleeping cars thru from Jacksonville. Atlanta, Birmingham and Memphis to Kansas City and Denver, and from Hot Springs, little Rock and Memphis to Kansas City and Colorado Springs. Modem electric lighted chair cars and din j j ing cars serving Fred Harvey's nationally-known meals. If Find out how low the fares are to Colorado and how little a vacation n there need cost. Write or call for a beautiful book about Colorado, W and full information about fares. | J. R. McGregor, District Passenger Agent, 1 105 N. 20th Street, Birmingham, Ala.