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BANK STATEMENT. EXTRACTS FROM THE TWELFTH ANNUAL REPORT OF THE MANAGER OF THE Merchants', Farmers', & Mechanics' Savings Bank OF CHICAGO. "During the year 1873, 19,561 Deposits have been received and 19,632 Drafts have been paid. The total amount drawn during the year 1873 was only $60,976.26 more than in 1872, notwithstanding the general financial derangements and the fact that, owing to the stringency in the money markets of the country during almost the entire year, many of the depositors have been out of employment or have received greatly reduced wages; consequently the average of sums deposited, as well as the gross amount received, has been much less than during the year, previous. The average of sums deposited in 1872 was $73.23; those in 1873 averaged $66.09. The numberof deposit accounts on the Ledgers is 22,845, and the deposits now held are classed as follows: Thirty-three per cent of the balances are les than $20.00, and average $7 4-100 each. Though these small accounts frequently increase and run through all the other classes, and are now the most numerous, lees than eleven thousand dollars would pay them in full. Thirty-two per cent of the balances are between $100 and $500, and average $219.97. Seven per cent are from $500 to $1,000, and average $648.88. Three per cent of the balances exceed $1,000 and average $2,172.45. The nationalities of Depositors rank as to numbers in the following order; 1st. United States. 2d. Irish. 3d. German.; 4th. Scandinavian. 5th. English. 6th. Canadian. 7th. Scotch. 8th. Welsh. The number of those born British subjects, exclusive of the Irish, number next after Americans. The next, in order after the Welsh are Italian, French, Belgian, Russian, and Polish; Australia, Mexico, Spain, East and Weet Indies, Greece, and Circassia are represented in the list. Before the general suspension of the Banks of the country, in September last, the corporations holding most of the Savings Deposits in Chicago, by agreement, simultaneously put in force their respective by-laws under which notice may be required of the intention of Depositors before drawing their balances. This was done with a view of preventing runs upon these institutions by those who might be alarmed, and for the protection of the interests of a far greater number who were not disposed to interfere with, or embarass those to whom they had Intrusted their funds, or to urge the sale and possible sacrifice of assets at an unfavorable time. During tho days of panic, from Sept. 22 and ending with that month, the daily payments by this Bank averaged $4,376. It is believed that depositors were in all cases supplied with what money they really needed, and none were permitted to suffer either in person or property from the want of anything due them by this Bank. At the same time alarm and excitement was allayed throughout the community by the general adoption of these precautionary measures. Though notices were received from depositors of this Bank for the withdrawal of $158,000, only $22,000 was actually called for under these notices. From the 22d of September, 1873, to the 1st day of January, 1874, $292,697.54 was paid to depositors in the ordinary course of businces, which is one-third less than the amount paid out during the corresponding period in 1872. The amount received on deposit during the same time (and deposits were received each day) was $115,020.66. This, with the amounts received from other sources, including a very considerable amount collected from mortgage loans served to keep up the proper resorves of cash, and enables the Bank to enter upon the now year with unimpaired strength. CONDITION AFTER CLOSE OF BUSINESS, Dec. 31, 1873. Deposits $1,002,017.38 Capital and Contingent Fund 100,000,00 $1,102,017.38 INVESTMENTS. Loans Secured on Improved Real Estate $ 531,573.25 VALUE OF SECURITY: Value of Ground $1,301.259.00 Value of Buildings thereon 658,986.00 $1,960,245.00 Burglar-Proof Safes and Fixtures of two Offices and Telegraph Line connecting 6,327.50 Loans and Demands secured by collateral and payable on call 153,842.21 United States, Illinois State, and other public bonds and availabla securities 260,000.00 Cash in Vaults, and subject to check 410,274.42 150,274.42
