REPORT OF THE COMMISSIONER OF BANKING 1917 Charleston, W. Va., July 25, 1917. To His Excellency, JOHN J. CORNWELL, Governor of West Virginia. As provided by law, I have the honor to submit for your consideration the seventeenth annual report of this department for the year ending June 30th, 1917. You will note the phenomenal growth of deposits, especially the item: Subject to check, an unprecedented increase of 50%; also the great decrease in items: Bills Payable and Rediscounts, showing the splendid condition of the State Banks. S. P. SMITH, Commissioner of Banking. ABSTRACT OF REPORTS FROM ALL STATE BANKS. Call made June 20, 1917, as compared with call made June 30, 1916. Comparative Table Showing Number and Deposits of State Banks. New Banks Granted Certificates Since June 30th, 1916. July 7, 1916. The Citizens Bank, Richwood, W. Va. Capital subscribed $25,000.00. Capital paid in $25,000.00. September 9, 1916. The Peoples Bank of Burnsville, Burnsville, W. Va. Capital subscribed $25,000.00. Capital paid in $25,000.00. December 1, 1916. The Bank of Gilbert, Gilbert, W. Va. Capital subscribed $25,000.00. Capital paid in $12,500.00. January 13 1917. The Peoples Bank, Davis, W. Va. Capital subscribed $25,000.00. Capital paid in $13,970.00. January 20, 1917. The Commercial Bank, Bluefield, W. Va. Capital subscribed $100,000.00. Capital paid in $50,150.00. February 9, 1917. scribed $100,000.00. February 17, 1917. scribed $25,000.00. The Bluefield Bank, Bluefield, W. Va. Capital sub- The Bank of Dunbar, Dunbar, W. Va. Capital sub- April 2, 1917. The Farmers & Miners Bank, Charleston, W. Va. Capital subscribed $50,000.00. Capital paid in $25,539.22. April 30, 1917. The Bank of South Charleston, South Charleston, W. Va. Capital subscribed $25,000.00. Capital paid in $25,000.00. Banks Closed Since June 30th, 1916. June 16, 1917. The Union Bank & Trust Company, Bluefield, W. Va., caused by gross irregularities. Abstract of the 48 Building and Loan Associations. This report shows total assets, $8,119,131.01 against $7,749,567.05 report ending June 30th, 1916. Building & Loans Organized Since June 30th, 1916. Building & Loans Liquidating Since June 30th, 1916. Name. Location. ...Charles Town Charles Town & Summit Point Bldg. & Loan... . . . Foreign Building & Loan Associations. The following foreign Building and Loan associations were issued certificates authorizing them to do business in this State until December 31, 1917. Amount appropriated for traveling expense of Commissioner of Banking and Assistants. Balance in traveling expense June 30th, 1916. $3,000 00 62 70 Total... $3,062 70 Amount appropriated for salary Assist Commissioners, of Banking. $6,000 00 1,200 00 1,000.00 Total... 672 06 $1,672 06 27 30 -Oct. 12 14 21 Nov. 1 6 6 J. A. deGruyter, P. M.. box rent. J. A. deGruyter, P. M., postage.. The Addressograph Company, plates and ribbon. Huntington Herald Despatch Co., subscription to 12-1-17. 6 13 S. Spencer Moore & Co., safe and shades. Dec. 9 9 S. Spencer Moore & Co., expense books. 50 00 92 10 69 46 50 1 00 50 00 6.00 2.00 89 95 9 29 4 80 236 00 25 00 11 60 1 96 1.06 108 00 5.00 2.50 14 70 50 00 2.00 12 00 Feb. 8 8 S. P. Smith. (money advanced for postage) Western Union Telegraph Co... Chesapeake & Potomac Telephone Co. J. A. deGruyter, P. M., postage. Chesapeake & Potomac Telephone Co. Day & Night Bank, Levici Hatfield assignee. Chesapeake & Potomac Telephone Co. Western Union Telegraph Co. 10 S. Spencer Moore, binders and folders. 25 Levici Hatfield, office work 25 Mar. 8 8 8 R. L. Polk, directory. 21 April 7 7 7 7 7 7 12 12 May 8 8 Burroughs Adding Machine Company, adding machine. Peerless Key Company, supplies for typewriter. F. C. Ritter, repairing couch. Uriah Barnes, code Chesapeake & Potomac Telephone Co. Western Union Telegraph Co. J. A. deGruter, P. M., postage and box rent. American Express Company, express to Pennsboro. L. S. Mooney, material and installation of buzzer. The Charleston Leader, subscription to 10-17-17 I. W. Smith, sanitary moistener. Chesapeake & Potomac Telephone Co. Amount expended for traveling expenses of Commissioner of Banking and Assistants Balance in traveling expense June 30th, 1917 Total.. Amount expended by Assistant Commissioners of Banking. Fees. Fees collected since June 30th, 1916..... Commissioner's Affidavit. I, S. P. Smith, Commissioner of Banking, do solemnly swear that the report herewith submitted is correct to the best of my knowledge and |