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THE COMMISSIONER MAKES HIS REPORT Mr. Matthews Tells of the Condition of the State's Financial Institutions. Charleston, July 15.-Banking Commissioner S. V. Matthews' annual report of the condition of the West Virginia banks for the year ending June 14, 1912, shows that the State's banking and trust companies have had a very successful year and that the deposits have increased wonderfully over the amount noted in last year's report. At present there are 187 banking institutions in the State with a total of $60,728,355.48 in loans and discounts. This sum represents an increase of almost $3,000,000 over that of last year. The undivided profits amount to $2,459,288.86, also a great increase over that of last year's report. The total resources of the State banks amount to $85,436,482.20, an increase of $2,863,709.33 over the amount on hand last year. In addition to this amount the establishment of 88 postal savings banks will swell the amount given above to a much larger figure. During the past banking year, three West Virginia financial institutions went into the hands of receivers. Of these three banks, one, at Harrisville, has succeeded in paying the creditors. The Spencer bank will, it is believed also pay out. The Blue field bank is in a bad condition and at present it is not known whether or not they will be so successful, as considerable litigation will be had in straightening out the affairs of the company.
