,000,000 omitted (except in the last two columns) ----------+--------+--------+-------+--------+--------+----------- | | | | | Cash | | | | |Uncalled| Bank | |Balances|Paid-up |Reserve| and |Balances|Percentage Date. | Held. |Capital.| Funds.|Reserved|and Call| of | | | |Capital.| Money.|(5) to (1). | (1) | (2) | (3) | (4) | (5) | (6) ----------+--------+--------+-------+--------+--------+----------- Dec. 1892 | 397 | 44 | 28 | 150 | 94 | 23·7% ” 1902 | 600 | 48 | 34 | 163 | 165 | 27·5% ----------+--------+--------+-------+--------+--------+----------- ---------+-------+-------+---------+-------+-------+------+-------- | | Per- | | Per- | Per- | | |Invest-|centage|Discounts|centage|centage|Number|Number | ments.| of | and | of | of (5)| of | of Date. | | (7) |Advances.| (9) |+ (7) +|Joint-|Banking | | to | | to |(9) to |Stock |Offices. | | (1). | | (1). | (1). |Banks.| | (7) | (8) | (9) | (10) | (11) | (12) | (13) ---------+-------+-------+---------+-------+-------+------+-------- Dec. 1892| 95 | 23·9% | 283 | 71·3% |118·9% | 102 | 2,326 ” 1902| 131 | 21·8% | 387 | 64·5% |113·8% | 68 | 4,146 ---------+-------+-------+---------+-------+-------+------+-------- CHAPTER IX JOINT-STOCK BANK BALANCE SHEETS The object of a joint-stock bank is to pay a dividend on its share capital at a rate as high as can be earned consistently with the performance of the main obligations of such a bank, that is, the safeguarding of moneys deposited with it by customers, and of capital subscribed by shareholders. With regard to moneys deposited, it must be borne in mind that the relation of banker and customer is that of debtor and creditor; and as the bulk of a banker’s liabilities is repayable in cash on demand, without notice of any kind, it behoves him so to conduct his business that he may be in a position to meet any demand, and that without delay or hesitation—or ruin stares him in the face.