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SAVANNAH'S BANK RECORD. Few Cities Have a Better One in Every Respect. In commenting upon the recent failure of the two Brunswick banks and the feeling of insecurity that prevailed among the depositors and stockholders for some time previous to the break, a well known financier yesterday referred to the fact that since the war Savannah has never had a failure, either of a national or state bank, nor have any of her banks of this kind during that time experienced any financial weakness. Savannah has twelve banks with an estimated banking capital of nearly $4,000,000. The failure of the Freedman's Bureau did not affect Savannah's finances. It was a government affair entirely and was a scheme of unscrupulous northern speculators to swindle the emancipated black people of the south-a scheme which was successfully carried out. Only a few persons here outside of the freedmen lost anything in the break of the bureau. Few cities can compare with Savannah in its splendid showing of freedom from bank disasters. The banks which were in successful operation here previous to and during the war, but which were compeiled to suspend after the collapse of the confederacy, were the Bank of the State of Georgia, which occupied the building facing Johnson square, the Merchants and Planters', Farmers and Mechanics' Planters, Marine, Bank of Commerce and the Bank of Savannah. The Central Railroad Bank continued through the war. In 1866 the Merchants' National was organized. The Savannah Bank and Trust Company came into existence in 1869, and in 1870 the Southern Bank of the State of Georgia was organized. Since 1885 nine banks have been launched on the financial sea here. and all are in a prosperous condition. They are the National Bank of Savannah, the Oglethorpe Savings and Trust Company, the Germania, the Citizens, the Chatham, started originally as a dime savings bank but since merged into a state bank; Hull & Lathrop, the Savannah Savings and the Title Guarantee and Loan Company.
