BANK OPERATIONS UNDER DEMOCRATIC AND REPUBLICAN ADMINISTRA

TIONS.

The accompanying table gives a bird's-eye view of business conditions in the United States from 1890 to 1901, as shown by the bank clearings and the total "banking funds," which term includes in this case the capital, surplus, and deposits of reporting banks and the average of these funds per capita. Attention is called to the reduction in bank clearings and in the per capita of banking funds in 1893, 1894, 1895, and 1896 as compared with the last year under a Republican President and protective tariff, and the phenomenal increase in 1898, 1899, 1900, and 1901 under a return to Republicanism and protection.

Capital, surplus, and deposits of national and other reporting banks on or about June 30, 1890 to 1899, inclusive, the average of these funds per capita, and annual volume of exchanges of the clearing houses of the United States for the same period.

[From Report of the Comptroller of the Currency.]

The large corporations, commonly called trusts, though organized in one State, always do business in many States, often doing very little business in the State where they are incorporated. There is utter lack of uniformity in the State laws about them; and as no State has any exclusive interest in or power over their acts, it has in practice proved impossible to get adequate regulation through State action. Therefore, in the interest of the whole people, the nation should, without interfering with the power of the States in the matter itself, also assume power of supervision and regulation over all corporations doing an interstate business.-President Roosevelt, in message to Congress, December 3, 1901.

NATIONAL BANKS.

Number of national banks in the United States, their capital, surplus, dividends, net earnings, and ratios, yearly, 1870 to 1901.

[From Report of the Comptroller of the Currency.}

The savings banks are the best barometers of the conditions of the working men who patronize them in saving.their earnings. The following table gives the number of savings banks in the country, the number of depositors, the total deposits and the average for each depositor, and the per capita for the whole population. It will be seen from this table that the deposits in the savings banks fell off more than $33,000,000 in 1894, as compared with 1893, the first year of the Democratic low-tariff period, and that in 1901 they had increased $690,000,000 over those of 1896, the last year of the Democratic Administration.

Number of savings banks in the United States, number of depositors, amount of savings deposits, average amount due each depositor in the years 1820, 1825, 1835, 1840, and 1845 to 1901, and average per capita in the United States in the years given.

Compiled in the Office of the Comptroller of the Currency.

1820...

1825..

1830..

1835..

1840..

1845..

1846..

1847..

1848..

1849..

1850..

1851..

1852..

1853..

1854..

1855..

1856.

1857..

1858..

1859..

DEPOSITORS IN SAVINGS BANKS.

The following table shows the number of depositors and the amounts of deposits in savings banks in the principal countries of the world. It will readily be seen how far ahead of all other countries is the United States in this record of savings.

[From Report of the Comptroller of the Currency.]

GOLD AND SILVER PRODUCTION OF THE WORLD.

The accompanying table shows the gold and silver production of the principal countries of the world in 1896, 1899, and 1900. It will be seen that the United States is still the largest silver producer of the world, with Mexico a close second, while in gold production Africa and Australia exceeded the United States in 1899, but the United States again took the lead in 1900.

Gold production of the world, 1896, 1899, and 1900 (coinage value).

SILVER MONEY OF THE UNITED STATES AND OF THE WORLD.

The accompanying table, compiled from reports of the Director of the Mint, shows the amount of silver money in the various countries of the world in 1895, the year prior to Mr. Bryan's campaign, in 1899, and in 1901. It will be seen that in nearly all cases there has been a reduction, while in the case of the United States there has been a considerable increase.

Stock of silver money in the principal countries of the world in 1895, 1899, and

* Includes Ceylon, Hongkong, and Siam, which were not included in the 185 statement.

† United States figures include Treasury notes, represented by silver bullion in the Treasury. The figures are for January 1, 1896, and August 1, 1900.