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D A T A contained in this booklet w as com piled b y Irvin g L . Jones, A s s i s t a n t C a s h ie r o f th e M e r c a n tile N ational B ank, S t. L o u is, w ho acknow l edges indebtedness fo r active su p p o rt and h elp fu l co-operation from F ederal R e s e r v e Board B ureau o f the Census, 'W ashington, D. C. R a nd-M cN ally &* Co., Chicago M erchants E xchange, St. L o u is B u sin ess M e n ’s L eague, S t. L o u is Various B ureaus and C om m issions o f the S ta te s o f M issouri, A rkansas, Indi ana, M ississippi, K e n tu c k y , Illinois and T ennessee. The Federal Reserve W ith Special R eference to District No. 8 The Resources a n d C h ief P r o d u c ts o f the D i s t r i c t Illu strated by V alu ab le Tabulations, Com m entary U pon A ll C ounties, the Railroads and Principal C it ie s o f t h e D is t r ic t Compiled and Issued by Mercantile Trust Company and Mercantile National Bank St. Louis, Mo. H E opening of the Federal Reserve Bank has inaugurated a new epoch in America’s finance. It represents the efforts of the country’s foremost financial and business men and many years of hard and painstaking work. C. It is generally believed that through the twelve great reserve centers of the system , all sections of the country will be strongly welded into one vast and mu tually beneficial financial structure. C. This booklet treats briefly of the Federal Reserve Act, but it gives in detail facts and figures that show the vastness of the resources and the diversity of products of a great and growing section— this Eighth Federal Reserve District. C. In this important district are many great banking institutions. Among them the Mercantile Trust Com pany and the M ercantile National Bank of St. Louis are widely recognized because of their progressive but conservative development and consequent strength. C. The Mercantile Trust Company was founded on the policy of giving to our patrons the conveniences of every branch of financial service— culminating in eleven thoroughly equipped and efficient departments. C. The Mercantile Trust Company and the Mercantile National Bank are both members of the Federal Re serve Bank, and with increased facilities invite corre spondence and accounts from banks, bankers, corpora tions, firms and individuals. President. The Federal Reserve Act N June 26th, 1913, Senator Owen, Chairman of the Committee on Banking and Currency of the United States Senate, and Representative Glass, Chair man of the Committee on Banking and Currency of the H ouse of Repre sentatives, introduced sim ultaneously a bill “T o provide for the establishment of Federal Reserve Banks, for furnishing an elastic currency, affording a means of rediscounting commercial paper, and to establish a more effective supervision of banking in the U nited States, and for other purposes.” O The bill was enacted into law and became effective December 23d, 1913. In accordance with a provision of the A ct the Organization Committee divided the Continental United States into twelve districts, and designated the follow ing cities to be known as Federal Reserve Cities, by numbers: Boston, No. 1; N ew York, No. 2; Philadelphia, No. 3; Cleveland, No. 4; Richmond, No. 5; Atlanta, No. 6; Chicago, No. 7; St. Louis, No. 8; Minneapolis, No. 9; Kansas City, No. 10; Dallas, No. 11; San Francisco, No. 12. In apportioning the territory to each district the Organization Committee took into consideration the ability of member banks within a district to furnish the necessary $4,000,000 capital for the reserve bank and also the Mercantile, Industrial and Financial connections and general trend of business in each district. FEDERAL RESERVE DISTRICT No. 8 T his district ranks sixth in population, ninth in area and tenth in Capital, and com prises one entire state and a portion of six others, as follow s: A ll of Arkansas. Missouri, east of the western boundary of the counties of Harrison, Daviess, Caldwell, Ray, La F ayette, Johnson, Henry, St. Clair, Cedar, Dade, Lawrence and Barry. Illinois: South of the southern boundary of the counties of Hancock, Schuyler, Cass, Sangamon, Christian, Shelby, Cumberland and Clark. Indiana: South of a line form ing the southern boundary of the counties of V igo, Clay, Owen, Monroe, Brown, Bartholom ew, Jennings, Riley and Ohio. Kentucky: W est of the western boundary of the counties of Boone, Grant, Scott, W oodford, Jessamine, Garrard, Pulaski, Lincoln and McCreary. T ennessee: W est o f the western boundary of the counties of Stewart, H ouston, Humphreys, Berry and W ayne. M ississippi: N orth of the northern boundary of the counties of Issaquena, Sharley, Y azoo, Madison, Leake, N eshoba and Kemper. T his district is situated between meridians of 84 and 95 w est longitude, and betw een parallels of 32 and 41 north latitude, in the center of the Continent and in the heart of the M ississippi V alley. P»?e Three It covers an area of 146,474 square miles and contains a population of 6,726,611; it has an extreme length from north to south of 544 miles and a total breath of 535 miles from east to west. The diversity of resources, climate, soil and waterways give this district superior natural advantages. Each state within the boundaries of this district borders on one or more of the three great rivers. The Mississippi, Missouri and Ohio rivers constitute one of the greatest commercial assets of the country, in which every citizen owns in fee simple unlimited stock, which is non-assessable and tax exempt. The transportation facilities of this district are such that nearly every com munity in the several states is in easy access to the markets and the remotest settlem ent is within a few hours’ run of the centers of population. In addition to the deep waterways, the great trunk lines of railways with their many branches stretch through every state and into nearly every county in the district, afford ing rapid transit for the mails, produce and passengers; and bringing into close contact every elem ent of progress and distributing the vast products of field, forest, mine and factory. The railroad is the pioneer of civilization, and an unrivaled agent in the promotion of wealth. Federal Reserve District number eight contains 21,326 miles of railways, and 1,725 miles of main deep waterways, composed exclusively of the Missouri, M ississippi and the Ohio rivers. FEDERAL RESERVE BOARD The Federal Reserve Board is located at W ashington, D. C., and is composed of seven members, five appointed by the President, and two ex-officio members. Charles S. Hamlin, Boston, Mass., Governor. Frederick A. Delano, Chicago, 111., Vice-Governor. W. P. G. Hardin, Birmingham, Ala. Adolph C. Miller, San Francisco, Cal. Paul M. Warburg, New York. Wm. G. McAdoo, Secretary of the Treasury. John Skelton W illiams, Comptroller of the Currency. The A ct prescribes that all members of the board, including A ssistant Secre taries of the Treasury during their terms of office and for two years thereafter are ineligible to hold any office, position or employment in any member bank. Of the five members appointed by the President, at least two shall be experienced in banking or finance. Term of office, ten years; salary, $12,000.00 per annum. The Governor is the active executive officer. The Federal Reserve Board shall have power— T o examine Federal Reserve Banks. T o permit or require Federal Reserve Banks to rediscount paper of other Federal Reserve Banks. T o suspend for stated periods reserve requirements, except with reference to notes. T o regulate the issue of notes. T o add to and reclassify Reserve and Central Reserve Cities. T o suspend, and with the approval of the President, to remove officials of Federal Reserve Banks. T o require the writing off of doubtful assets of Federal Reserve Banks. T o suspend and appoint a receiver for Federal Reserve Banks violating this act. T o perform all duties, etc., specified or implied in this Act. T o exercise functions of Clearing H ouse and may require Federal Reserve Banks to do the same for member banks. T o levy upon Federal Reserve Banks semi-annual assessm ents sufficient to m eet estimated expenses of the Board. / P a gfor e FRASER Four Digitized FEDERAL RESERVE BANK Number Eight St. Louis Organized under Act of Congress, approved December 23rd, 1913, minimum capital four million dollars. Capital stock subscribed by 458 National Banks (c o m p u lso r y )................ $4,990,500 Capital stock subscribed by the Mercantile Trust Co. (v olu n tary).......... 570,000 B eing six per cent of the capital and surplus of subscribing banks, as reported to the Comptroller, under date of June 30th, 1914. Shares of $100.00, six per cent cumulative dividend, exempt from Federal, State and local taxation, but not transferable. OFFICERS ROLLA WELLS, Governor. W. VV. HOXTON, Deputy Governor and Secretary. C. E. FRENCH, Cashier. The Board of Directors Consists of Nine Members, as Follows: Six Elected by Member Banks: Class A. WALKER HILL, St. Louis, Mo. F. O. WATTS, St. Louis, Mo. OSCAR FENLEY, Louisville, Ky. ) r Representing Stock Holding Banks. ) Class B. MURRAY CARLETON, St. Louis, Mo. ) Representjng the Commercial, Agricultural ^ and Industrial Interest, LEROY PERCEY, Greenville, Miss. ' Three Appointed by the Federal Reserve Board: Class C. WM. McC. MARTIN, St. Louis, Mo., Chairman of Board and Federal Reserve Agent. WALTER W. SMITH, St. Louis, Mo., Vice-Chairman and Deputy Federal Res. Agent. JOHN BOEHNE, Evansville, Ind. POWERS OF FEDERAL RESERVE BANKS Federal Reserve Banks may receive from member banks and the United States deposits of current funds in lawful money, N ational Bank notes, Federal Reserve notes, or checks or drafts upon solvent member banks, payable upon presentation, or for exchange purposes, and may receive deposits from other Federal Reserve Banks. Upon the endorsem ent o f member banks may discount notes, drafts and bills of exchange arising out of actual comm ercial transactions. The Federal Reserve Board has the right to determine or define the character o f paper, notes, drafts or bills covering merely investm ents, or for the purpose of trading in stocks, bonds, etc. (except bonds and notes of the United States governm ent). Page Five Notes, drafts and bills must have at the time of discount a maturity of not more than ninety days, but drawn for agricultural purposes, or based on live stock with maturity not exceeding six months, except that amount is limited to a percentage fixed by the Federal Reserve Board on capital of Federal R e serve Bank. Federal Reserve Banks may discount acceptances, based on importation or exportation of goods, having a maturity at time of discount of not more than three months and endorsed by, at least, one member bank, but the amount of such discount shall at no time exceed one-half of the capital and surplus of the bank for which the rediscounts are made. The aggregate, bearing the signature or endorsement of any one person, company or corporation rediscounted for any one bank shall at no time exceed ten per cent of the capital and surplus of said bank, but this restriction shall not apply to discount of bills of exchange drawn in good faith against actually existing values. Member banks may accept drafts or bills of exchange drawn upon it growing out of importation or exportation of goods, having not more than six months sight to run, but in aggregate not more than one half of its paid up capital and surplus. Federal Reserve Banks may purchase and sell in the open market at home or abroad, either from or to domestic or foreign banks, firms, or individuals, cable transfers and bankers acceptances and bills of exchange of the kind and maturities eligible for rediscount, with or without the endorsement of a member bank. Federal Reserve Banks have power to deal in gold coin and bullion at home or abroad and make loans thereon, and to exchange Federal Reserve notes for gold, gold coin, or gold certificates. T o contract for loans of gold, gold coin, or bullion giving, when necessary, acceptable security, including the hypothecation of United States bonds or other securities, which Federal Reserve Bank may hold. T o buy and sell at home or abroad bonds and notes of the United States and bills, notes, revenue bonds, and warrants with maturity from date of accep tance not exceeding six months, issued in anticipation of the collection of taxes or the receipt of assured revenue by any State, County, District, Political sub division, or municipality in the Continental United States, including irrigation, drainage, and reclamation districts. T o purchase from member banks and sell, with or without its endorsement, bills of exchange, accruing out of commercial transactions. T o establish, subject to the approval of the Federal Reserve Board, rates of discount for each class of paper. T o establish agencies in foreign countries and through them sell or buy bills of exchange arising out of commercial transactions, running not exceeding ninety days and signed by tw o or more responsible parties. Federal Reserve notes are to be issued at the discretion of the Federal Reserve Board. The notes to be the obligation of the United States, and are receivable by all National and member banks and Federal Reserve banks, and for all taxes, custom s and other public dues. The notes are redeemable in gold on demand at the Treasury Department at W ashington, or in. gold or lawful m oney at any Federal Reserve Bank. Application by Federal Reserve Banks for notes to the Federal Reserve Board shall be accompanied with a tender of collateral, equaling the amount of notes desired. The collateral shall be notes and bills accepted for rediscount under the provision of Section No. 13, of the Federal Reserve Act. T he Federal Reserve Banks shall maintain in lawful m oney not less than thirty-five per cent against deposits, and reserves in gold of not less than forty per cent against Federal Reserve notes in actual circulation, and not offset by gold or lawful m oney deposited with the Federal Reserve Agent. P a g e for S i FRASER x Digitized So long as any of the Federal Reserve notes are outstanding the Federal Reserve Bank shall maintain with the U nited States Treasurer an amount of gold sufficient to provide for all redemption by the U nited States Treasury, not less than five per cent, but such gold deposit may count as part of the forty per cent requirement. R eserve Banks shall pay interest on note issue. All member banks are required to keep with the Federal Reserve Bank a portion of their reserves. Cities and Towns in Federal Reserve District No. 8, having a population of 5.000 or over ARKANSAS 11,138............................... Argenta 23,975............................... Fort Smith 8,772............................... Helena 14,434................................Hot Springs 7,123............................... Jonesboro 45,941............................... Little Rock 5,248. ............................. Paragould 15,102............................... Pine Bluff 5,655............................... Texarkana ILLINOIS 17,528............................... Alton 21,122............................... Belleville 14,548....................... ... . . Cairo '5,411............................... Carbondale 9,680............................... Centralia 7,478................................Collinsville 5,454................................Du Quoin 58,547............................... East St. Louis 5,014............................... Edwardsville 9,903................................Granite City 5,309................................Harrisburg 6,861................................Herrin 15,326............................... Jacksonville 5,971................................Litchfield 5,046................................Madison 7,093................................Marion 6.93 4 Mt. Carmel 8,007................................Mt. Vernon 7,485. . ............................Murphysboro 5,011............................... Olney 36,587................................Quincy 5,048............................... Staunton INDIANA 8,716................................Bedford 69,647................................Evansville 10,412...............................Jeffersonville 5,906............... ................ Linton 6.93 4 ................ Madison 5,563........................... .... Mt. Vernon 20,629............................... New Albany 6,448................................Princeton 6,305............................... Seymour 14,895............................... Vincennes 7,854............................... Washington KENTUCKY 9,173............................... Bowling Green 5,420............................... Danville 11,452............................... Henderson 9,419............................... Hopkinsville 223,928............................... Louisville 5.91 6 Mayfield 16,011......................... .. .Owensboro 22,760............................... Paducah MISSISSIPPI 8,988................................Columbus City 5,020............................... Corinth 9,610............................... Greenville 5,836............................... Greenwood MISSOURI 5,749............................... Brookfield 8,475................. ..............Cape Girardeau 6,265............................... Chillicothe 9,662............................... Columbia 5,112............................... Flat River 5,228............................... Fulton 18,341............................... Hannibal 11,850............................... Jefferson City 6,347............................... Kirksville 5,242................................Lexington 5,939................................Mexico 10,923................................Moberly 6.91 6 Poplar Bluff 9,437................................St. Charles 687,029................................St. Louis 17,822..................... ..........Sedalia 35,201................................Springfield 5,656............................... Trenton 7,080............................... Webster Groves 7,312................................Wellston TENNESSEE 15,779................................Jackson 131,105................................Memphis Page Seven Arkansas C ity, A rk ......... Aurora, M o ......................... Boonviile, M o .................... Brookfield, M o .................. Butler, M o .......................... Cairo, 111.............................. Cameron, M o ..................... Carrollton, M o .................. Carthage, M o .................... Centralia. 111...................... Chillicothe, M o ................. C linton, M o ........................ Columbia, M o .................... Corinth, M iss ..................... D e Soto, M o ...................... Eureka Springs, A r k . . . . E vansville, In d .................. Fayetteville, A rk .............. Fort Smith, A rk ................ Frankfort, K y .................... Fulton, K y .......................... Fulton, M o ......................... Greenville, M iss................ Grenada, M iss................... Harrisonville, M o ............. H ot Springs, A rk .............. Independence, M o ........... Jackson, T en n .................... Jefferson C ity, M o ........... K irksville, M o ................... Lamar, M o .......................... Lexington, M o .................. L ittle Rock, A rk............... Louisiana, M o .................... Louisville, K y .................... M acon, M o ......................... Marshall, M o ..................... M aryville, M o ................... M emphis, T en n ................. M exico, M o........................ M onett, M o ........................ N evad a, M o ....................... Paducah, K y ...................... Palm vra, M o ...................... Pine Bluff, A rk ................. Pleasant Hill, M o ............. Poplar Bluff, M o .............. Q uincy, III........................... R ich Hill. M o .................... Richm ond, M o .................. , Sfctyen, M o ........................... St. Chs^ne?,^Mo................. rSt^Josepb/ftlfk. ..................... V an B « e n , A r id .............. .............. Waxx»risW;Tj& j f o ............. TfctTb e f t i £ S i £ .......................... \krtea&es7Ind I / — 463 269 171 224 287 146 291 211 313 110 225 228 146 324 42 412 165 353 417 382 201 134 469 423 120 259 402 273 265 125 331 277 205 303 240 349 94 274 171 239 318 305 110 148 283 278 171 135 392 249 166 140 299 244 188 228 202 24 327 494. 286 411 150 218 326 642 233 60 122 72 428 55 66 150 341 86 88 175 577 319 255 442 284 348 607 478 186 650 585 199 44 538 10 544 158 167 180 128 43 483 213 552 152 84 105 484 162 129 660 103 447 111 525 34 443 226 84 49 94 95 190 253 63 277 488 114 342 427 65 160 327 543 72 396 452 128 223 226 253 202 337 304 172 390 186 124 600 173 35 130 99 236 149 146 137 253 150 40 66 516 230 233 353 260 322 509 390 90 605 529 143 71 587 85 469 63 155 94 130 115 56 534 149 454 96 68 199 428 111 73 189 90 369 128 575 61 358 163 109 143 79 142 212 157 188 478 208 317 339 30 107 540 389 118 104 242 268 171 133 280 185 130 183 116 448 162 376 285 473 535 461 322 102 563 487 214 519 228 391 128 298 199 89 258 196 466 26 386 70 155 223 425 57 70 332 233 291 15 507 204 286 20 252 166 143 144 285 144 207 120 610 155 530 271 173 290 497 98 189 289 95 474 222 233 18 394 253 115 220 499 373 79 491 121 173 647 495 244 552 476 298 123 380 157 460 218 167 285 39 210 326 304 592 251 251 172 375 268 228 50 64 497 297 368 133 341 466 83 216 155 262 129 355 230 331 333 281 178 477 164 8 Moberly 404 31 177 312 119 386 245 256 111 304 276 102 208 375 244 93 403 114 177 559 403 231 459 383 285 145 368 179 367 205 129 190 272 63 233 315 291 504 238 210 295 282 255 215 44 88 409 284 361 155 212 378 107 239 142 221 Joplin 703 296 123 103 135 451 35 101 213 368 77 151 200 638 369 310 492 339 403 648 501 216 721 645 207 107 599 73 567 221 230 63 138 191 106 544 233 593 137 147 42 545 192 160 721 166 474 182 586 97 493 208 147 68 157 158 253 284 Hannibal tfl Sedalia 3 Springfield '3 Originating Point St. Joseph m Kansas C ity Nearest Railroad Distances Between Missouri Cities and Principal Towns in Federal Reserve District No. 8 568 246 38 57 194 296 124 63 210 213 77 113 46 476 190 306 313 333 395 469 350 62 630 554 70 144 547 139 419 88 228 129 57 188 96 494 96 414 23 53 170 453 38 262 163 319 55 535 134 314 90 182 96 73 42 215 124 160 148 560 123 390 299 103 220 ST. LOUIS St. Louis is the seat of Federal Reserve Bank number eight, and is the fourth city in the U nited States, having in 1910 a population of 687,029, which is now estimated to be 750,000. It is the principal city on the longest river in North America, and has an area of 6 2 square m iles with 19 miles of river front. St. Louis ranks fourth as a manufacturing center, having, in 1912, 2,585 reporting factories, the products of which were valued at approxim ately 350 m illion dollars, em ploying 112,467 operatives, w ho were paid in salaries and w ages $70,698,296.00. A s a distributing point for all kinds of merchandise and supplies St. Louis holds a conspicuous place in the annals of American cities. St. Louis has one o f the finest and m ost complete railway stations in the world, having 32 tracks which cover eleven acres of land. T he transportation facilities consist of tw entysix trunk lines of railroad and the M ississippi river; the freight received and forwarded in 1913 exceeded fifty-four million tons. There are forty-six banking institutions in St. Louis, which had on June 30th, 1914, an aggregate Capital, Surplus and Undivided Profits, and D eposits, of $381,557,183.65, as follow s: Capital Surplus and Undivided D eposits Profits Seven N ational B ank s............ $20,200,000.00 $10,377,028.44 $143,788,690.42 Thirty-nine State Banks and 27,083,245.10 158,884,219.69 Trust C om panies.............. 21,225,000.00 The clearings for 1913 amounted to $4,136,994,869.00. The comm ercial resources of this city are so vast and so comprehensive that if taken in detail it would com pass the annual report of Trade and Commerce, which space limit w ill not permit, therefore, only a brief reference w ill be made to the industries in which St. Louis excels, or is prom inently identified. St. L ouis is the largest manufacturer of plug tobacco in the world, the output in 1913 aggregating 73,089,871 pounds, valued at approxim ately fifty-two million dollars, em ploying over 3,700 operatives with an annual payroll exceeding $1,500,000.00. The largest drug house in the U nited States is located here. It is claimed that this is the largest w holesale market in the world for drugs and chemicals. St. Louis has the largest w oodenware house in America. Fully one-half of the business of the entire country in this line is handled here, which was valued last year at tw enty-tw o million dollars. St. Louis is the largest distributing market in the world for boots and shoes and occupies the forem ost rank as a manufacturing center in those lines; the estimated value for 1913 exceeds seventymillion dollars. St. Louis manufactures more stoves and ranges than any other city in the world, the output last year exceeding 1,100,000 valued at eleven million dollars and em ploying 6,000 operatives. St. Louis offers to manufacturers and local consum ers bituminous coal of good quality at prices lower than prevail in any other large city. T his cheap fuel (one of the chief assets of St. L ouis), is due to the close proxim ity of the Illinois coal fields, the nearest being only nine m iles from the city; the receipts for 1913 were 8,925,579 tons. St. Louis is the designated market for the sale of the governm ent’s annual catch of Alaska fur seals and blue and w hite fox skins. T his sale attracts buyers from all parts of the world, w ho form erly w ent to London. T his is now the largest market on the continent for American furs. Page Nine A s a center for the manufacture of men’s clothing, hats and caps, leather goods, saddlery and electrical supplies, St. Louis continues to hold an important position. The city is noted for the manufacture of street cars and railroad cars, also graniteware and enameled ware. The largest brewery in the United States is located in St. Louis, which makes a famous beer known throughout the world. In 1912, there were 23 breweries in this city, with capital invested am ounting to over 36 million dollars, em ploying 6,188 operatives, who were paid in salaries and w ages $4,896,806.00, producing 3,415,669 barrels of beer, valued at $22,419,289.00. St. Louis is a large market for live stock and grain; for 1913 the receipts were: Cattle ............................................................................... 1,181,201 H ogs ............................................................................... 3,102,421 Sheep .........................! ............................................... 976,122 H orses and M u les....................................................... 167,206 Grain (bushels) ...........................................................80,498,685 In the cosm opolitan city of St. Louis can be found representatives from every prominent nation of the world, who work in harmony for the general welfare, and extend a hearty welcom e to every worthy enterprise. The Mercantile T r u s t Company of St. Louis is a charter member of the Federal Reserve Bank of St. Louis and is the only state institution in the E i g h t h D i s t r i c t b e l o n g i n g to the Federal Reserve System . C T h e Mercantile National Bank is a member by virtue of its national charter. P a g eforTe n Digitized FRASER M I S S O U R I M issouri is classified as a north central state and ranks 18th in land area and seventh in population am ong the states of Continental U nited States. M issouri was admitted to the Union, A ugust 10th, 1821. It lies between 36° 30' and 40° 30' north latitude and 89° and 96° w est longitude, and contains an area of 69,415 square m iles and a population of 3,293,335 according to the 1910 census. Its extrem e breadth is three hundred miles and its greatest length is two hundred and eighty miles. Climate and Rainfall. The climate of M issouri while variable is generally mild and pleasant, affording a long open season which is favorable for the best crop results. The average mean temperature is 54 degrees. The distribution of rainfall is ample throughout the state, varying from 34 inches in the northwest to 46 inches in the southeastern counties, the average annual precipitation being 39 inches. Soil. M issouri has a great variety o f soil, being divided into ten principal classes, which varies in depth from one to two hundred feet. Its wonderful fertility is attested by the abundant harvests. Agriculture. The state is essentially an agricultural one and the products of the farm are the source of its greatest wealth. Practically one-half of the annual harvest of the state is corn— it is M issouri’s hundred m illion dollar crop. In wheat the state holds the record for the largest yield and produces about one-twelfth of the entire crop of the U nited States. The average oat crop is tw enty million bushels. Barley, rye, buckwheat and flax are raised extensively, and in several of the southernm ost counties the production of cotton is an important industry. Tobacco is also cultivated to som e extent, and is proving highly successful. All of the forage crops thrive abundantly, the estim ated yield of hay exceeds five million tons. P otatoes, fruit and vegetables are com m ercially grown and are factors to be considered in the state’s resources. Scientific farming is being taught in agricultural schools and in the State U niversity, which is producing gratifying results. L ive Stock. O nly four states in the U nion have a larger number of cattle than Missouri, and no other single industry in the state compares with the live stock industry in total value. The fame of the Missouri mule has traveled around the globe, and they are in constant demand. Every important breed of horses, cattle, sheep and swine is represented in the state. The raising of hogs is an important item in farm assets, and ranks next to cattle and horses in value. Mining. H alf of the counties in M issouri are underlaid with veins of bituminous coal, the total area of the coal fields approxim ating 25,000 square miles. T hese vast deposits have barely been touched, as only in thirty-eight counties is coal being mined and marketed at the present time. M issouri’s mineral output of nearly seven hundred million dollars represents the m ining of a great variety of minerals, coal, iron, lead, zinc, barytes, nickel, cobalt, building stone, lim estone, tripoli and various clays. M issouri produces more nickel than all the rest of the states com bined, and is a leading state in the production of lead and iron ore. E ighty per cent of all the zinc mined in the U nited States is mined in Missouri. Page Eleven Manufactures. Missouri is the leading manufacturing state w est of the M ississippi river, and seventh in the Union in the value of its products. Three-fifths of the surplus products of the state are turned into commercial commodities within its borders, indicating a very general development in industrial lines throughout the state. W ith varied and abundant raw material and an ample supply of fuel for its factory fires the steady increase in manufactures is assured. Industrial Missouri is not confined to the cities; numerous large towns have factory interests and market products that have more than a local reputation, and even smaller towns have their brick plants, saw mills, flour and grist mills and potteries, etc. In all there are now about two hundred and fifty different kinds of manufacturing industries in Missouri and the total of the state’s productions show an unusually gratifying increase. Transportation. Missouri has unrivaled transportation facilities, consisting of twelve trunk line railways with a total mileage of 11,501.76, and also numerous interurban elec tric lines, besides the Missouri and Mississippi rivers. An intelligent, resourceful, happy and contented people extend to all who would share their prosperity a cordial welcome. The state is divided into 114 counties and the city of St. Louis, of which 95 counties and the city of St. Louis are included in Federal Reserve District number eight. Their chief products and commercial resources follow. There is an obvious advantage to the patrons of the Mercantile Trust Com pany in the fact that varied business can be transacted with it. c The modern trust company, such as ours, is an institution of many depart ments and acts in numerous capacities. C. Our customers have the facilities of eleven departments, all under the one management, and located in the same building— Banking Safe Deposit Bond Savings Corporation Real Estate Loan Foreign Exchange Real Estate Rent Insurance Real Estate Sales Trust P a g e for T FRASER welve Digitized MISSOURI Seat Area County and County and Square Population Population Miles Kirksville, 6,347 571 Audrain, 21,687 M exico, 685 Barry, C assville, Adair, 22,700 23,869 Benton, 5,939 Chief Products and Commercial Resources Corn, Potatoes, Oats, Fruit, Syrup, Live N a tio n a l. 2 Stock. The S tate Norm al School and S ta te . . . . 8 the American School of O steopathy are located at Kirksville. C om , Oats, Potatoes, W heat, Berries, Live N a tio n a l. 1 Stock. Hardin College and M exico S t a t e . ..1 3 M ilitary A cadem y are located at M exico 784 781 745 Warsaw, Number of Banks in County Capital Average Surplus Railroad Train Hrs. Total Mileage From and St. Louis in Undivided Deposits County to County Profits Seat Mail Dispatched Via $150,000 235,000 $52,160 61,000 $1,009,250 1,170,550 113 7 W abash C. B. & Q. 50,000 505,000 43,190 231,840 281,470 1,937,760 81 3 W abash C. B. & Q. 677,940 630,870 63 12 Frisco 50 12^ Missouri-Pacific 33 11 St. L. I. M. & S. Frisco 79 6)4 W abash M. K. & T. 98 5 27,220 69,400 S ta te . . . . 8 100,000 150,000 S ta te . . . 10 210,000 180,400 884,680 S ta te . . . . 5 103,500 38,820 285,850 N a tio n a l. 3 S ta te. . . 15 250,000 387,500 281,000 416,130 1,310,000 2,457,980 N a tio n a l. 0 S ta te. . . . 8 214.500 145,200 1,128,640 14,881 824 Bollinger, 14,576 M arble H ill, 213 609 Corn,'.Wheat, P otatoes, Fruit, T im b er___ Boone, Columbia, 9,662 688 30,533 699 20,624 Poplar Bluff, 6,916 C om , W heat, Potatoes, -Fruit, H ay, Live Stock. The U niversity of Missouri is located at Columbia. Corn, Fruit, Potatoes, Syrup, Hardwood Caldwell, 14,605 Kingston, 433 Corn, Oats, Potatoes, Fruit, H ay, Horses, N a tio n a l. 4 S t a t e .. . 10 190.000 251.500 90,230 148,660 854,740 1,107,260 48 9 C alloway, 24,400 Fulton, 808 N a tio n a l. 1 S t a t e . ..1 2 100.000 395,000 30.000 303,010 310,000 1,685,460 79 10 W abash. C. B. & M issouri-Pacific Cam den. 11,582 Linn Creek, 435 687 C om , W heat, Potatoes, Oats, Fruit. The W estm inster C o l l e g e , t h e W il lia m W oods College, and the Missouri School for the D eaf are located at Fulton. C om , P otatoes, Fruit, Railroad T ie s ......... N ation al. 1 S ta te . . . . 5 25,000 67,500 23.000 50,120 98,000 254,420 4 14 M issouri-Pacific C ape Girardeau Jackson, 2,105 27,621 580 Corn, Oats, Potatoes, W heat, Fruit, To- N a tio n a l. 2 125.000 750.000 42,100 221,440 770,600 2,364,700 128 10 S t .L . I. M. & S. Frisco Carrollton, 3,452 703 Corn, W heat, Potatoes, Oats, Fruit, To- N a tio n a l. 2 150.000 561.000 74,800 220,250 606,610 2,349,430 38 8 23,098 Missouri-Pacific W abash Van Buren, 400 506 N a tio n a l. 0 S ta te . . . . 3 47 16 5,504 35,000 3,140 64,140 S t. L. I. M. & S. Frisco Stockton, 498 C om , W heat, Potatoes, Oats, Fruit, Syrup, N a tio n a l. 1 S ta te . . . . 4 50.000 55.000 6,500 44,300 164,580 436,360 4 16 Frisco Missouri-Pacific OUUci | Carroll, Page Carter, T h ir te e n Cedar, 535 5,228 16,080 590 S t. L. I. M. & S. C. B. & Q. Q. Page F o u r te e n MISSOURI —Continued MISSOURI —Continued Page F ifte e n P age S ix te e n MISSOURI —Continued County and County Seat Area and Square Population Population Miles La Fayette, 30,154 Lexington, 5,242 612 Lawrence, 26,583 M t. Vernon, 1,161 609 Lewis, M onticello, 283 504 Troy, 607 15,514 Lincoln, 17,033 Linn, Corn, Oats, W heat, Tobacco, Fruit, H ay, In the output of coal this is the second County in Missouri. The Confederate Home of Missouri is located at Higginsville. Corn, Oats, W heat, P o t a t o e s , Fruits, V egetables, Strawberries............................. Number of Banks in County Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat N a tio n a l. 0 S ta te. . .23 $705,000 $427,260 $4,190,200 N a tio n a l. 1 S ta te. . . 16 50,000 297,500 14,730 165,810 N a tio n a l. 1 S ta te. . . 18 25,000 300,000 S ta te . . . 11 626 1,120 Linneus, Chief Products and Commercial Resources 109 10 152,680 1,851,840 76 13 6,000 179,510 145,000 2,106,730 *45 6 C. B. & Q. 78 4 205,000 248,980 1,484,240 W abash C. B. & Q. Corn, Oats, P o t a t o e s , H ay, Tobacco, N a tio n a l. 1 Fruit, Coal, Stock R aisin g......................... S t a t e . . . 17 25,000 324,000 55,000 205,850 250,000 1,760,520 66 11 C. B. & Q. 265,000 253,850 100,970 102,950 866,090 1,238,400 82 8 104 6 C om , Oats, Potatoes, H ay, Fruits, Cu cumbers. Four pearl button factories are located at Canton. Corn, W heat, Potatoes, H ay, Fruit, Stock 25,253 882 Livingston, 19,453 C hillicothe, 6,265 531 Corn, W heat, Potatoes, H ay, Tobacco, N a tio n a l. 4 Fruit, Horses, M u les.................................... S ta te . . . 13 Macon, 809 Corn, Oats, P o t a t o e s , H ay, Tobacco, Stock, Fruit, Berries, and is the greatest coal producing County in Missouri. S ta te . . . 20 496,000 197,270 2,622,400 Stock, Lead, Nickel, Cobalt, Granite, Ties. S ta te . . . . 4 87,000 19,310 426,110 Timber, Railroad T ie s................................. S ta te . . . . 5 72,250 22,200 221,700 Corn, Oats, Potatoes, W heat, H ay, Fruit, N a tio n a l. 2 This is one of the la r g e s t lime and S ta te . . . . 8 cement producing Counties. C om , Oats, Tobacco, H ay, Fruit, C a ttle .. S ta te . . . 10 260,000 505,000 172,830 337,910 1,211,000 2,851,560 162,000 53,360 648,850 Macon, 30,868 3,584 Madison, 11,273 Fredericktown, 2,632 499 Maries, Vienna, 520 10,088 600 30,572 Palmyra, 2,168 12,335 1,385 Marion, Mercer, 436 453 Miller, 285 Railroad T ie s .................................................. S ta te . . . 10 413 14,557 3,144 Moniteau. 14,375 California, 2,154 410 168,000 93,880 C. B. & Q. 5^ St. I. M. L. & S. 8 5 C. R. I. & P. 79 6 C. B. & Q. 34 15 41 6 61 8 49 5 C. B. & Q. 768,670 C om , W heat, Potatoes, Apples, S y r u p .. . S ta te . . . . 8 270,000 155,900 1,168,380 C om , W heat, Potatoes, Oats, H ay, T o N a tio n a l. 1 bacco, Fruit, S to ck ....................................... S ta te. . .10 50,000 240,000 30,000 125,270 226,000 1,124,460 Frisco C. B. & Q. 23 593 16,717 Mail Dispatched Via C. R. I. & P. St. L. I. M. & S. MISSOURI — Continued Monroe, Paris, 18,304 1,474 Average Railroad Train Hrs. Surplus Mileage From Total and St. Louis in Undivided Deposits County to County Profits Seat Chief Products and Commercial Resources Number of Banks in County 666 C om , W heat, Potatoes, Oats, Tobacco, Fruit, Coal, Timber, Stock R aisin g......... N ation al. 1 S ta te. . . 13 $ 70,000 285,000 $ 24,370 240,820 $ 263,940 1,146,640 514 Corn, Oats, P o t a t o e s , W heat, H ay, Apples, Grapes, Coal, Live S to ck ........... S ta te. . . 18 287,000 201,850 1,668,570 614 Corn, W heat, P o t a t o e s , Oats, Fruits, N a tio n a l. 1 30.000 85.000 10,000 73,220 175,000 508,640 652 C om , W heat, A l f a l f a , C otton, Fruit, 250,000 144,290 1,064,370 40,000 46,200 276,080 S ta te. . .12 195,500 70,170 964,630 S ta te . . . . 4 60,000 21,070 228,890 305,000 74,920 1,044,650 145.000 78,850 815,040 County and County Seat Area Population and Square Population Miles Capital 46 llH 62 3 50 nx M ontgom ery. 15,604 ♦D anville, Morgan, 12,863 Versailles, 1,598 19.488 1,882 14,681 484 14,283 482 11,926 195 Pem iscot. 19,559 Caruthersville, 3,655 456 Perry, Perryville, 1,708 462 Sedalia, 685 C om , W heat, Potatoes, H ay, Oats, To- N ation al. 3 300.000 272.000 319,340 137,920 2,489,490 1,428,400 100 670 Corn, W heat, Potatoes, Tobacco, Hay, N a tio n a l. 1 Syrup, Apples, Berries, Stock, Pyrites of S ta te . . . . 6 Iron, Tiff and Lead. The School of Mines and M etallurgy, a department of the U niversity of M o., is located at Rolla. 50,000 150,000 52,690 141,780 369,170 764,140 33 3 Bowling Green, 1,585 653 Corn, W heat. Potatoes, Oats, Fruits, Ber ries. The Stark Nurseries, the largest S t a t e ...1 4 in the world, is located a t Louisiana; also large pearl button factories. Some of the largest lime and cement companies in the U. S. are in this County. 89 5 297,500 169,690 2,303,340 Bolivar, 641 25,000 175,000 15,000 148,970 147,000 1,182,880 116 14 131 778 Osage, 593 Ozark, 14.898 Pettis, 33,913 Phelps, Rolla, Page 22,556 S e v e n te e n Polk, 21,561 Corn, W heat, T o b a c c o , H ay, Syrup, Corn, W heat, C otton, Tobacco, Grapes, Syrup, Apples, Peaches, H ay, S to ck . . . Corn, W heat, C otton, Apples, Peaches, T im ber.............................................................. C om , W heat, Tobacco, Potatoes, Fruit, 17,822 15,796 Pike, 746 Corn, W heat, Tobacco, Berries, and ex- 2,261 1,975 Corn, W heat, Potatoes, H ay, Oats, T o N a tio n a l. 1 bacco, Fruit, Berries, C attle, P o u ltr y .. S t a t e .. . 12 136 13 14 14 51 4 N o R. R. in County 14 115 8 83 8 SX Page E ig h te e n MISSOURI —Continued Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat $125,000 $115,800 $809,380 100,000 160,000 38,200 75,720 410,500 717,820 145,000 117,940 233,000 415,000 290,850 2,950,670 415,000 221,690 1,814,790 Mail Dispatched Via 33 5 48 12 74 6 80 5 90 13 50 5 St. L. I. M . & S. 25 8 St. L. I. M. & S. W abash M . K. & T . St. L. I. M . & S. Frisco W abash C. B. & Q. C. B. & Q. Wabash Missouri-Pacific 100,000 35,380 437,750 55,000 19,120 332,490 100,000 325,000 110,200 362,860 910,970 2,768,100 114 1 55,000 195,000 48,000 68,810 225,000 607,570 63 11 M issouri-Pacific 101 5 255,000 191,190 2,200,410 S t. L. I. M . & S 56 3 St. L. I. M. & S. Frisco 299 1 C. R. I. & P. Street Railways 8^ C. B. & Q. W abash 115,000 21,540 694,770 50,000 718,000 45,000 374,290 850,000 4,414,030 20,200,000 10,377,028 143,788,690 21,225,000 27,083,245 158,884,219 82 777,500 467,780 3,336,280 MISSOURI — Continued County Seat Area County and and Square Population Population Miles Chief Products and Commercial Resources W abash C. B. & Q. 141,910 1,194,600 33 9 Wabash C. B. & Q. 6,170 311,220 112,580 1,309,140 105 ll St. L. I. M. & S. Frisco 46 19 40,000 23,000 206,180 St. L. I. M. & S. Frisco 33 9 S ta te . . . 13 379,000 150,870 1,916,470 154 10 S ta te . . . 10 275,000 133,130 1,240,180 St. L. I. M. & S. St. L. SW. 37 16 Frisco 47,000 15,530 198,000 Corn, Oats, H ay, Fruit, C attle R a is in g .. . N a tio n a l. 3 S t a t e . . . 15 125.000 267.000 39,000 179,280 398,000 1,301,100 78 12 C. B. & Q. 18 17 Frisco S ta te . . . . 5 75,000 53,830 308,270 Corn, W heat, P otatoes, Tobacco, Fruits, H ay, Stock. Ginseng is extensively N a tio n a l. 1 S ta te . . . . 9 55,000 122,000 10,250 55,840 152,940 591,600 18 15 St. L. I. M. & S. Frisco Corn, W heat, Potatoes, Oats, Tobacco, N ational .0 150,000 73,910 1,081,830 M emphis, 1,984 439 C om , Oats, P o t a t o e s , H ay, Tobacco, Benton, 419 815 C om , W heat, Tobacco, Fruits. In one year 4,935,000 w a t e r m e l o n s were shipped. C om , H ay, P o t a t o e s , Fruits, Berries, Stock. This C ounty is fifth west of the M ississippi river in the production of ties. Corn, W heat, Potatoes, Oats, H ay, T o bacco, Fruits, Timber, Stock Raising, Railroad Ties. C om , W heat, Potatoes, Oats, Tobacco, 510 Corn, W heat, Tobacco, Fruits, Berries, 649 Scotland, 11,869 Scott, 922 22,372 992 Eminence, 11,443 300 14,864 685 tDlOUualQ i 27,807 Bloomfield, 1,147 509 Shelby, $225,000 $173,420 $1,253,110 N a tio n a l. 1 50,000 152,000 27,520 137,430 N a tio n a l. 1 S ta te . . . 14 25,000 574,500 S ta te . . . . 3 353 Sullivan, 18,598 Milan T aney, Forsythe, 2,191 655 187 9,134 1,159 H ouston, T exas, 644 21,458 Warren, 795 W ashington, 13,378 Potosi, 772 Page W ayne, Corn, W heat, Potatoes, Tobacco, Fruit, Berries. In shipm ent of B arytes it stands first in Missouri. Lead, Zinc, Timber, Corn, P o t a t o e s , H ay, Tobacco, Fruit, Tim ber, Live S to ck ...................................... S ta te . . . . 6 65,000 74,680 711,760 N a tio n a l. 0 S t a t e ___ 8 120,000 46,180 508,790 2H 24 3 St. L. I. M. & S. 104 7H St. L. I. M. & S. 634 Frisco N in eteen 914 W ebster, 17,377 Marshfield. 1,193 585 Corn, W heat, Potatoes, Oats, H ay, T o bacco, Fruits, Berries, Live S to ck ........... N ation al. 2 S ta te . . . . 7 55,000 120,000 8,000 68,320 192,000 637,610 49 W right, H artville, 677 C om , W heat, Potatoes, Tobacco, H ay, N a tio n a l. 1 Berries, Fruit, Live Stock, T im b er......... S ta te . . . . 9 25,000 185,000 15,000 77,240 137,000 777,670 32 507 C. B. & Q. 51 15,181 18,315 Mail Dispatched Via 9 Corn, Oats, Tobacco, Fruits, H ay, Stock, 964 Capital Average Railroad Train Hrs. Surplus Mileage From Total and in St. Louis Undivided Deposits County to County Profits Seat 44 309 Lancaster, 9,062 Number of Banks in County 12 W abash St. L. I. M. & S. Frisco ARKANSAS Arkansas is classified as a south central State, and ranks 25th in population and 26th in land area among the states of Continental United States. The state was admitted to the Union, June 15th, 1836. It is situated between 33° and 36° 30' north latitude and 89° 45' and 94° 40' w est longitude, and contains an area of 52,525 square miles, with a population of 1,574,449, according to 1910 census. Its extreme breadth is 275 miles and its greatest length is 240 miles. Climate and Rainfall. The difference in latitude, longitude and altitude gives Arkansas a diversity of climate, the temperature ranging from an average of 64° in the southern counties to 57° in the northern part of the state. The rainfall varies according to locality ranging from 45 to 55 inches annually, which is ample for all crops, except rice. Soil. There is also a great variety of soil in Arkansas, which gives the state exceptional advantages. In the alluvial bottom s are found chiefly heavy silty loams and clays, while in the more elevated section along the northern border the soil is generally gray silty or fine sandy loams. Agriculture. Arkansas ranks eighth in the production of cotton with a record of 844,850 bales, averaging 500 pounds each for 1912, which together with 355,560 tons of seed sold for $61,504,720.00. More attention is being given to the grow ing of corn, the conditions for which are exceedingly favorable, the yield in som e in stances being as high as 120 bushels per acre, though the general average for the state is about one-fifth as much, the total value of the corn crop in 1910 was $40,745,000. Considerable wheat is grown in northern and western Arkansas where the soil and climate is especially adapted to the successful cultivation of this grain. Oats, alfalfa, clover and lespedeza are the principal forage crops; the supply, however does not equal the demands. The cultivation of rice is one of the newest industries of the state, which has proven to be the m ost profitable crop the farmer can raise. Arkansas rice is of superior quality and brings a higher price than does the same grade of other rice. There is still a great deal of land suitable for rice cultivation, which w ith ample water supply will constantly increase the acreage in this cereal. Arkansas is widely known as a fruit producing state; large commercial orchards are marketing great quantities of apples, peaches, pears, grapes and strawberries annually, which bring top prices and give employment to many people. Live Stock. The state is especially adaptable for stock raising, the mild climate, abundance of water and grass, and the ever-increasing demand for beef cattle, make this a profitable industry. Mining. Arkansas’ mineral wealth is alm ost entirely undeveloped. More than seven million acres contain valuable minerals much of which has not even been pros pected. T here are about 110 coal mines in operation, which produce both anthracite and semi-anthracite coal, the latter being specified by the United States Government for use in the navy. There are also other minerals exten sively mined, embracing aluminum, clay products, lime, sand, stone and zinc. Digitized P a g eforTFRASER wenty Manufactures. Although Arkansas is comparatively unimportant as a manufacturing state, its manufactures have shown marked increase in recent years. Arkansas is one of few states which still have large areas of commercial forests, which for some years to come w ill continue to prove one of the state’s chief resources. There were, in 1909, 1,697 establishm ents manufacturing lumber and timber products, giving em ploym ent to 32,932 wage earners, w hose products were valued at $40,640,000.00. N ext in importance com es oil, cottonseed and cake; this industry in 1909 gave em ploym ent to 1,086 wage earners and reported products valued at $7,789,000.00. Transportation. The railroad facilitiesof Arkansas are good except in the mountainous region of the north central and w est central sections. There are six trunk lines operating within the state with a total mileage of 3,902.29. The state has a number of navigable rivers which have been important factors in its industrial development. T he industrious and enterprising of all vocations can find in Arkansas oppor tunity and means for achieving success. The state is divided into 75 counties, all of which are located in Federal Reserve D istrict number eight, their chief products and commercial resources follow. LITTLE ROCK Little Rock is the capital and m etropolis of Arkansas, located on the Arkansas river, in the center of the state, equi-distant between Missouri and Texas, and is 135 m iles from the M ississippi river on the east and 150 miles from Oklahoma on the W est. It is different from the majority of capital cities, in that while it is the political center of the state, it is also the commercial, insurance, manu facturing, educational and social center. The city takes its name from a rock in the river, in olden tim es known as “T he L ittle Rock” in contra-distinction from the “B ig Rock,” a mile further up the Arkansas river, and on the highest elevation of which is situated the U nited States military post, Fort Logan H. R oots. L ittle Rock is the first rock to be found in the Arkansas river from its m outh to this point. The city has a population of approxim ately 65,000 although the census of 1910 gives 45,941 for that year. L ittle Rock is advantageously located commer cially and is keeping pace with other American cities in physical progress and wealth. It is a city of large business concerns, sky scrapers, magnificent hotels, a new m illion dollar State capital, and many very im posing edifices. The new U nion D epot of the M issouri Pacific-Iron Mountain has recently been completed at a cost with terminal facilities of $1,000,000. Four steel bridges span the Arkansas river, one of which is 1,740 feet in length, and was built by citizens of Little Rock at a cost of nearly $400,000 and made free to the public. Little Rock has eighteen banks and trust companies: Fifteen State Banks and Trust Companies Capital ................................................... $ 1,951,000.00 Surplus ................................................. 1,094,040.00 D eposits ............................................... 7,671,170.00 T otal .....................................$10,716,210.00 Three National Banks $1,250,000.00 412,680.00 4,592,940.00 $6,255,620.00 The city has both river and rail transportation, and an abundant supply of natural gas, furnishing cheap fuel for manufacturing purposes and domestic use, which is a prime factor in the rapid progress and permanent developm ent of its comm ercial resources. The board of Trade announced that there were 1,429 new enterprises established in L ittle Rock during the year, ending April 1st, 1913, and for approxim ately the same period the city’s commerce was valued at $86,897,620, distributed as follow s: Grain .............................................................................. $11,618,210 Cotton ............................................................................ 10,779,410 Merchandise ................................................................ 64,500,000 Page Twenty-one Page T w en ty-tw o ARKANSAS Number of Banks in County Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits . County to County Seat N a tio n a l. 2 S ta te . . . . 7 $175,000 249,500 $23,000 58,490 $ 304,150 1,175,110 S ta te . . . 10 222,000 129,390 783,860 S ta te . . . . 3 20,000 9,780 133,730 N ation al. 5 S ta te. . . 15 235,000 357,500 120,910 44,520 1,161,510 1,221,720 S ta te . . . . 7 118,650 30,410 S ta te . . . . 4 192,800 57,090 546,890 S ta te . . . . 5 59,050 9,790 115,330 N ation al. 3 S ta te . . . . 3 125,000 76,000 24,340 1,510 496,120 200,000 S ta te . . . . 6 255,000 36,490 695,730 N a tio n a l. 1 S ta te . . . . 7 50,000 286,550 5,000 56,470 N a tio n a l. 1 S ta te . . . 12 30,000 148,875 S ta te . . . . 3 Mail Dispatched Via 68.80 21 St. L. I. M. & S. 111. C ent., St. L. SW. 128.26 20 St. L. I. M . & S. 35.00 20 St. L. I. M . & S. 127.04 18 Frisco 63.85 18 St. L. I. M . Frisco 77.92 22 St. L. I. M. & S. 111.00 18 St. L. I. M. & S. 111. Cent., St. L. SW. 47.18 18 St. L. I. M. & S. Frisco 90.78 21 St. L. I. M. 8t S. 156,000 733,200 102.09 13 St. I. L. M. & S. 17,000 75,840 165,000 850,480 66.47 9 44.41 17 St. L. I. M. 8c S. 75,500 48,750 202,500 42.26 19 S ta te . . . . 3 82,500 12,150 283,070 St. L. I. M. & S. 111. C ent., St. L. SW. 65.64 15 S ta te . . . . 8 238,200 74,400 971,760 St. L. I. M. & S. 111. C ent., St. L. SW. N a tio n a l. 1 S ta te . . . . 4 50,000 173,625 1,850 123,120 150,300 605,540 22.10 13 St. L. I. M . & S. 495,470 &. S. St. L. SW. ARKANSAS — Continued County and County Seat Area and Square Population Population Miles Chief Products and Commercial Resources Number of Banks in County Average Surplus Railroad Train Hrs. and Total Mileage From Capital Undivided Deposits in St. Louis Profits County to County Seat Mail Dispatched Via Craighead. 27.627 Jonesboro, 7,123 687 Corn, C otton, Berries, Oats, W heat, Pota- N a tio n a l. 1 $100,000 380,440 $ 30,000 278,680 $ 340,000 1,522,880 137.81 12 St. L. I. M . St. L. SW. Crawford, 23.942 Van Buren, 3,878 593 50,000 348,320 10,000 210,270 171,000 943,500 56.35 14 Frisco Crittenden, 22.447 Marion, 582 C om , Peaches, Potatoes, Oats, W heat, N a tio n a l. 1 R ye, Peanuts, Berries. In 1910 2,614, S ta te . . . 11 184 quarts of Strawberries were shipped. C om , Sweet P otatoes. C otton, Oats, H ay. S ta te . . . . 5 104.97 16,970 395,000 11 350,000 St. L. I. M. & S. Frisco Cross, W ynne, 77.55 94.000 45,910 289,690 10 St. L. I. M . & S. 50.000 270,000 10,000 32,860 210,000 475,470 53.18 16 St. L. I. M . & S. 111. C ent.. St. L. SW. 82.86 96,080 20 264,140 752,570 St. L. I. M . 8c S. 53.22 207,500 876,580 21 341,600 St. L. I. M. 8c S. 19.41 78,000 15 800,000 St. L. I. M. & S. 140,000 41.39 17 St. L. I. M . 8t S. 149,300 45,710 493,830 13.79 17 S ta te . . . . 4 39,500 14,900 155,640 St. L. I. M . & S. Frisco N a tio n a l. 2 200,000 150,000 349,340 194.600 1,463,370 1,142,280 37.21 13 St. L. I. M . & S. 74.27 2,500 190,000 13 St. L. I. M . 8t a 14,042 D allas, 12,621 1,500 619 Fordyce, 679 C om , C otton, Syrup, Sweet P o ta to es___ 747 C om , C otton, Pecans, Oats, Rice, Sweet 2,794 D esha, 15,274 1,485 21,960 2,274 Faulkner, 23,708 C om , C otton, Syrup, Sweet and Irish Po- 2,353 848 N a tio n a l. 1 S ta te . . . . 5 C om , Sweet Potatoes, C otton, Oats, Fruit, 651 Conway, 2,794 S ta te . . . . 3 606 Corn, C otton, Syrup, Fruit, Oats, W heat. & S. Page T w e n ty -th r e e 20,638 1,500 12,193 1,000 Garland, 27,271 H ot Springs, 14,434 9,425 481 Paragould, 5,248 561 C om , C otton, Apples, Potatoes, Oats, H a y .................................................................... N ation al. 2 150.000 155.000 155,220 34,980 725,220 410,590 73.89 23,852 H em pstead, 28,285 W ashington, 399 727 C om , C otton, Fruits, Potatoes, Oats, H ay, N a tio n a l. 1 S t a t e .. . .8 50.000 183,500 51,000 114,610 325.000 851.000 106.52 17 St. L. I. M. & S. H ot Springs, 15,022 M alvern, 2,778 613 C om , Sweet P o t a t o e s , C otton, Fruits, 25.000 80.000 8,000 21,820 185,000 270,350 68.07 16 St. L. I. M . 8c S. 111. Cent. Greene, 625 C om , C otton, Syrup, Oats, W heat, Fruit. 631 C om , W heat, Potatoes, Yam s, Oats, Mil- 637 C om , Sweet P o t a t o e s , C otton, Fruit, 42,500 N ation al. 1 S ta te . . . . 2 9X St. L. I. M . & S. St. L. SW. Page ARKANSAS — Continued Twenty-Pour County and County Seat Area and Square Population Population Miles Chief Products and Commercial Resources Howard, 16,898 N ashville, 2,374 602 Independence, 24,776 Batesville, 3,399 762 Corn, W heat, C otton, Oats, N uts, Fruits. Izard, M elbourne, 282 583 Corn, W heat, Potatoes, Tobacco, C otton, 14,561 Jackson, 23,501 N ew port, 3,557 634 C om , Sw eet Potatoes, C otton, Oats, Fruit. Jefferson, 52,734 Pine Bluff. 15,102 903 Johnson, 19,698 Clarksville, 1,456 L afayette, 13,741 Lawrence, 20,001 C om , C o t t o n , S y r u p , W heat, Alfalfa. Mail Dispatched Via 22.92 16 St. L. I. M. & S. 58.61 13 St. L. I. M. & S. 41.72 14 St. L. I. M. & S. $150,800 $25,280 $674,890 N a tio n a l. 2 S ta te . . . . 2 125.000 100.000 23.000 22.000 455.000 505.000 57.000 15,480 229,940 N a tio n a l. 2 S ta te . . . . 5 75.000 135,000 172,500 69,900 450,000 617,100 78.20 Corn, Rice, P otatoes, C otton, Oats, H ay, N a tio n a l. 1 200,000 809.000 85.000 599,190 980,000 2,866,450 133.66 14 St. L. I. M. & S. St. L. SW. 675 C om , Fruit, Potatoes, C otton, Syrup, N a tio n a l. 1 25.000 112.000 39,060 25,730 338,020 326,520 47.46 15 St. L. I. M. & S. Lewisville, 1,200 525 Corn, C otton, Syrup. Peanuts, Potatoes, Pecans, Timber. The largest saw mill in the world is located at Stam ps. N a tio n a l. 1 S ta te . . . . 4 25.000 80.000 14.000 38,160 103,350 294,810 58.79 22 St. L. I. M. & S. 111. C ent., St. L. SW. W alnut Ridge, 1,798 592 25,000 135,962 10,000 29,580 185,000 426,100 65.21 7 St. L. I. M . 8c S. S ta te . . . . 8 45.02 13 St. L. I. M. & S. 267,562 52,320 865,350 31.10 18 St. L. I. M. & S. 27,500 9,000 93,300 N a tio n a l. 0 S ta te . . . . 7 78.73 22 153,550 45,980 526,080 St. L. I. M. & S. 111. C ent., St. L. SW. C om , W heat, C otton, Oats, Syrup, Apples. N ation al. 0 S ta te . . . . 8 50.99 22 219,900 47,690 549,720 111. Cent. Frisco 80.68 15 182,500 72,540 929,440 St. L. I. M. & S. 111. C ent., St. L. SW. 35,000 60,450 2,000 6,890 235,000 220,800 23.02 1134 Frisco 23.93 100,000 18 St. L. I. M. & S. 5,800 252,000 24,252 Corn, C otton, Rice, Potatoes, Pecans, N a tio n a l. 0 4,810 Star C ity, 396 L ittle River, 13,597 1,247 546 Paris, 726 26,350 1,497 27,983 1,547 M adison, 16,056 H untsville, 600 836 Marion, Y ellville, 646 Lonoke, 794 10,203 N ation al. 0 571 15,118 Logan, Capital Average Surplus Railroad Train Hrs. Total and Mileage From Undivided Deposits in St. Louis Profits County to County Seat S ta te . . . . 5 601 • Number of Banks in County 463 C om , C otton, Syrup, Potatoes, P e c a n s.. . Corn, Rice, C otton, Potatoes, Oats, Rye, Corn, Oats, P o t a t o e s , W heat, Apples, N a tio n a l. 1 S ta te . . . . 4 St. L. I. M. & S. ARKANSAS — Continued County and County Seat Area and Square Population Population Miles Miller, Chief Products and Commercial Resources Texarkana, 5,655 623 Corn, Sweet Potatoes, C otton, P ea n u ts. . . M ississippi, 30,468 Osceola, 792 C otton, Alfalfa, Tim ber (Corn, 1,028,364 Monroe, 19,907 Clarendon, 2,037 M ontgom ery, 12,455 350 19,555 N evada, Number of Banks in County N a tio n a l. 1 S ta te . . . . 2 8200,000 400,000 $45,000 75,000 $1,075,000 1,737,430 250,620 72,510 984,800 S ta te ___ 7 167,000 112,600 959,170 S ta te . . . . 2 30,000 29,000 108,000 S ta te . . . . 3 120,850 85,460 458,370 S ta te . . . . 1 10,000 3,700 59,000 S ta te . . . . 8 50,000 190,000 85,000 92,500 330,000 686,620 S ta te . . . . 4 25,000 29,335 6,000 8,720 1,769 603 891 Prescott, 19,344 620 242 21,774 3,995 Perryville, 9,402 10 Frisco 103.44 16 St. L. I. M . & S. St. L. SW. 21.04 16 St. L. I. M . & S. St. L. SW. 26.05 14 St. L. I. M . & S.. 18 St. L. I. M . & S. Frisco 93.24 18 St. L. I. M . & S. 111. C ent., St. L. SW. 60,000 128,660 50.20 21 St. L. I. M . & S. 111. Cent. 97.87 16 St. L. I. M . & S. 111. Cent. 46.57 20 St. L. I. M . & S. 75.98 10 St. L. I. M . & S. 58.80 20 St. L. I. M . & S. 32.04 11 St. L. I. M . 8l S. 79.79 14H St. L. I. M . & S. 111. C ent., St. L. SW. 11 St. L. I. M . & S. Corn, S w e e t P o t a t o e s , C otton, Oats, 552 355 Corn, Oats, P otatoes, Alfalfa, Lumber, N a tio n a l. 1 200,000 445,000 126,390 284,140 736,030 1,912,680 Murfreesboro, 516 601 C om , Fruit, P otatoes, C otton, Syrup. The first diam onds found in Arkansas were S ta te . . . . 3 found in this C ounty in 1909.................. 52,500 4,390 133,140 Poinsett, 12,791 Harrisburg, 942 721 S ta te . . . . 9 168,030 35,310 615,120 Polk, M ena, 846 Corn, W heat, R ye, Strawberries, Fruit, N a tio n a l. 1 50.000 95.000 35,000 72,080 185,000 467,790 Corn, C otton, Syrup, Sw eet Potatoes, Oats, Fruits, W heat, R ye, Coal, Timber, Stock Raising S ta te . . . . 8 211,000 83,360 836,290 S ta te . . . . 4 75,000 14,000 310,000 N a tio n a l. 3 S t a t e . . . 15 1.250.000 1.986.000 412,680 1,098,040 4,351,760 7,936,170 Helena, 33,535 8,772 12,565 Pike, T w e n ty -fiv e 137.02 692 Phillips, Page St. L. I. M . & S. St. L. SW. Corn, Oats, P otatoes, C otton, Tim ber. . . . 733 Perry, 15 846 10,612 17,216 3,953 R ussellville, 2,936 828 24,527 ( ) 675 Pope, ( Prairie, 1 11,853 1 Prairie, Pulaski, 86,751 D es Arc, 1,061 ) D evalls Bluff ( 934 Little Rock, 45,941 747 C om , S w e e t P o t a t o e s , C otton, Oats, Mail Dispatched Via 88.48 C om , Oats, C otton, Potatoes, T im ber___ 2,705 Jasper, Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat N o R. R. in C ounty 146.37 Page T w e n ty -s ix ARKANSAS —Continued Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat Mail Dispatched Via & S. 26.05 15 St. L. I. M. 183,210 105,000 87.33 12 St. L. I. M. & S. 13.000 15.000 150.000 200.000 29.49 20 Missouri-Pacific Frisco 50.000 60.000 5,000 3,210 120,000 180,490 42.61 20 St. L. I. M. & S. Frisco 800,000 697,125 1,005,900 136,130 5,184,930 1,590,530 129.11 21 St. L. I. M. & S. Frisco 50,000 92,500 37,090 31,840 90,000 438,350 50.98 21 St. L. I. M. & S. Frisco 11,060 16.81 38,612 18 161,290 St. L. I. M. & S. Frisco 140,500 92,100 74.87 720,430 12 St. L. I. M. & S. Illinois Central 15,000 1,330 90,530 13.89 17 St. L. I. M. & S. 135,000 ( 95,000 94,370 13,470 500,510 280,130 107.56 18 St. L. I. M. & S. Illinois Central 19.17 17 St. L. I. M. & S. 25,000 300.000 310.000 8,000 69,780 180,760 89,710 1,319,350 1,144,160 96.25 nyi Frisco 113.37 12 St. L. I. M. & S. 82.64 15 St. L. I. M . 8c S. 64.34 18 St. L. I. M. 8c S. 111. C ent., Frisco $85,500 $34,000 $337,340 • 35.000 32,500 5,250 1,400 25.000 50.000 139,075 108,490 913,390 190,000 59,370 748,410 197,500 71,130 556,790 ILLINOIS Illinois is classified as an east north central state and ranks third in population and tw enty-second in land area am ong the states of Continental United States. Illinois was admitted to the Union, December 3rd, 1818. It lies between 36° 56' and 42° 30' north latitude and 87° 35' and 91° 40' w est longitude, and contains an area of 56,665 square miles, and a population of 5,638,591 according to the census of 1910. Its extreme breadth is 205 m iles and its greatest length is 380 miles. Climate and Rainfall. The state stretches over five and a half degrees of latitude and the climate varies accordingly. The mean annual temperature, however, is 50° and the average rainfall is about fifty inches. Soil. T he soil of Illinois varies considerably in the different sections. In the low er altitudes are found the alluvial bottom s, while in the w est and w est cen tral portion of the state the upland is covered by a deep layer of brown or yellow silty loam. All of the soils are w ell suited for the production of the staple crops, which thrive abundantly. Agriculture. The greater portion of the state is adapted to the growth of cereals. The principal crops are corn, wheat, oats, clover and timothy, potatoes, fruit and vegetables. On the ridge extending across the lower end of the state, called “Egypt,” because of its never failing fertility, are grown large quantities of fruit, berries, and vegetables, which find a ready market in the nearby cities. Poultry raising, dairying and truck farming are profitably engaged in by a large number of people, who find an ever-increasing demand for their products. Live Stock. W hile the state does not make any special pretense of raising live stock for the market, the census of 1910 show s there were at that time nearly ten million head of live stock on the farms of Illinois, which was valued at approxi m ately three million dollars. Of that number, over one million head were dairy cow s, which will indicate the very general interests in that industry. Mining. Bitum inous coal is first am ong the minerals of the state; the coal beds under lie over two-thirds of the surface of the state. The estim ated coal area is 36,800 square m iles, the coal strata vary in thickness from three and one-half to eight feet. Illinois ranks second in the production of bituminous coal, being exceeded only by Pennsylvania. In the production of petroleum the state ranks third, its only superior being Oklahoma and California. Manufactures. Illinois is the m ost important manufacturing state w est of the A lleghenies, and ranks third in the total value of its output. In 1909 there were over eighteen thousand manufacturing establishm ents which gave em ploym ent to more than five hundred and sixty-one thousand persons, w ho were paid approxim ately three hundred and sixty-five m illion dollars in salaries and wages. Sixty-one and seven-tenths per cent of the entire population of the state in 1910 resided in incorporated places having 2,500 inhabitants or over. Transportation. On account of the situation of the state, many of the trunk lines both between the east and the w est and between the north and the south enter or pass Page Twenty-seven through it, and thus offer excellent transportation facilities. On June 30th, 1909, there were 152 railroad companies having lines within the state. Nearly every county is traversed by one or more railroads. The state has approximately 12,000 miles of main track of steam railroads, and also over 2,700 miles of electric railroads; in addition Illinois has advantages of cheap water transportation afforded by tlie M ississippi and its navigable tributaries and by the great lakes. T he state is divided into 102 counties, forty-four of which are located in Federal Reserve D istrict number eight, and their resources and chief products follow. EAST ST. LOUIS, ILLINOIS East St. Louis is the third largest city in Illinois, having in 1910, a population of 58,547. It is situated on the east bank of the M ississippi river directly opposite St. Louis, Missouri, with which city it is connected by the great Eads bridge and by ferry. N otw ithstanding its proxim ity to the larger city on the w est and to the thriving tow ns of Madison and Granite City on the North, its growth and develop ment has been persistent. The population has increased 400 per cent in forty years prior to 1910, and has increased fully 35 per cent within the last five years. Industrial growth 10 years prior to 1910, 153 per cent, and about the same rate has been maintained the last five years. East St. Louis is a railroad and manufacturing center, having twenty-four steam trunk lines, four electric interurban lines and four belt lines connecting all as one system . W ith excellent transportation facilities and being in the heart of the soft coal district, the city offers exceptional advantages to manu facturing industries, which is being- quickly availed of, as evidenced by the great number of new enterprises being established at this point. The city has within its lim its one hundred and tw enty plants, em ploying 25,000 operatives with an annual payroll of over tw enty million dollars. Freight R ates and Distribution. Its geographical location makes it a freight rate basing point insuring cheap est freight rates and an ideal distributing point. Labor. It is the center of a large population, providing plenty of skilled and un skilled labor. Factory Sites. Acres of good level land adjacent to belt lines. Power. Electric and hydro-electric power available for manufacturing purposes at reasonable cost. East St. Louis has five banking institutions: Capital T w o National B anks.................... $350,000.00 Three State Banks and Trust Companies ....................................... 500,000.00 Surplus and Undivided Profits $151,843.78 355,594.91 U nder the regulations of the Federal R eserve Board, each of the twelve regional reserve banks is required to make a w eekly statement of its con dition. These statements are of fun damental im portance to the banks of th e co u n try w h o se institutions are members of the new banking system. P a g e for T wFRASER enty-eight Digitized D eposits $2,343,888.69 4,701,867.67 ILLINOIS County Seat Area County and and Square Population Population Miles Chief Products and Commercial Resources Number of Banks in County Average Surplus Railroad Train Hrs. From and Total Mileage Capital Undivided St. Louis Deposits in Profits County to County Seat Mail Dispatched Via Quincy, 26,587 842 C om , W heat, Berries. Large m anufactur N a tio n a l. 2 ing plants are located at Q uincy.............. S ta te . . . 24 $600,000 1,813,000 $529,960 902,387 $6,095,280 9,634,210 115.22 4^ Burlington Alexander, 22,741 Cairo, 226 200,000 325,000 182,790 182,451 1,642,450 2,379,600 129.13 6 B. & O., M. & O. St. L. & SW. Illinois Central Bond, Greenville, 3,178 388 150.000 117.000 42,290 43,320 436,780 709,390 57.52 2 Vandalia 17,075 Corn, W heat. Cairo is the natural dis N a tio n a l. 2 tributing point of a large area both in S ta te . . . . 4 Illinois, K entucky and Missouri, and is the seat of many manufacturing indus tries, including lumber products, cotton and oil mills, iron and copper foundries. C om , W h ea t........................................................ N a tio n a l. 3 S ta te . . . . 3 M t. Sterling, 1,986 297 C om , W h eat........................................................ N ation al. 1 S ta te . . . . 3 100,000 82,000 70,680 66,615 663.480 578,680 23.34 7 10,397 Burlington C. & A. Hardin, 256 Corn, W heat, Berries. Is noted for apples esp ecially.......................................................... National .0 S ta te . . . . 5 2 80,000 14,006 673.480 Tol. St. L. & W. Burlington 462 C om , Oats, F r u it............................................... N a tio n a l. 1 S ta te . . . . 9 50,000 164,000 58,170 31,985 268,730 507,960 48.29 4 Wabash B. & O. 483 Corn, Oats, W heat, Fruit, H ay, Live Stock, D airying ............................................. N a tio n a l. 3 S ta te . . . 11 125.000 130.000 38,950 45,535 766.610 806.610 111.33 1H B. & O. Adam s, 64,588 Brown, Calhoun, 14,548 654 8,610 Louisville, Clay, 670 18,661 Clinton, Carlyle, N o R. R. in County 22,832 1,982 Crawford, 26,281 Robinson, 3,863 452 C om , W heat, F r u it........................................... N a tio n a l. 5 S ta te . . . 10 200,000 333,300 67,240 145,741 1,327,670 1,875,750 56.05 12 Vandalia B. & O. S. W. Edwards, 10,049 Albion, 228 Corn, W heat, Fruit. Paving blocks, brick, N ation al. 3 tile are m anufactured a t A lb io n .............. S ta te . . . . 3 100,000 168,000 17,020 9,000 335.000 135.000 35.41 5 Southern B. & O. S. W . Effingham, 20,055 Effingham, 3,898 511 Corn, Oats, W h eat............................................ N a tio n a l. 3 S ta te . . . 10 100,000 205,000 34,950 37,868 673,850 993,020 92.26 3 Vandalia B. & O. F ayette, 28,075 V andalia, 2,974 729 Com , Oats, W heat, F ruit............................... N a tio n a l. 5 S ta te . . . . 6 150,000 105,975 88,520 100,400 779.810 392,060 60.29 2>* Vandalia B. & O. Franklin, 25,943 Benton, 445 Corn, F r u it.......................................................... N a tio n a l. 4 S ta te . . . 11 125.000 232.000 98,390 98,998 863,320 1,095,510 85.46 4^ 111. C ent., B. & O. Southern, L. & N. G allatin, 14,628 Shawneetown, 1,863 338 C om , W heat, H ay, Clover, Stock, Coal, Lead, Iron and Other M inerals............... N a tio n a l. 6 S ta te . . . . 2 150,000 35,000 37,450 10,098 550,500 116,000 34.17 Greene, Carrollton, 2,323 515 C om , W heat, F r u it........................................... N a tio n a l. 5 S ta te ------8 305,000 296,200 137,680 66,871 2,074,470 1,365,450 96.29 22,363 1,281 2,675 12 2^ L. & N . B. & O. Burlington C. & A. Page T h ir ty ILLINOIS — Continued County and County Seat Area and Square Population Population Miles H am ilton, 18,227 M cLeansboro, 1,796 455 Hardin, Elizabethtow n, 633 185 Jackson, 35,143 M urphysboro, 7,485 588 Jasper, N ew ton, 508 7,015 18,157 3,108 Jefferson, 29,111 M t. Vernon, 8,007 603 Jersey, Jersey viile, 4,113 367 Johnson, 14,331 Vienna, 348 Lawrence, 22,661 Lawrenceville, 3,235 358 M acoupin, 50,685 Carlinville, 3,616 860 Madison, 89,837 Edwards ville, 5,014 737 Marion, Salem, 569 13,954 Chief Products and Commercial Resources $51,000 20,662 $611,770 499,200 S ta te . . . . 3 60,000 21,772 221,890 N a tio n a l. 5 S ta te. . . 10 235.000 195.000 148,120 80,054 1,845,140 805,260 151.31 3 Illinois Central M . & O. S ta te . . . . 9 50,000 178.000 20,000 34,635 225.000 383.000 71.00 6 Vandalia B. & O. N a tio n a l. 2 S t a t e . ..1 3 200,000 129,500 122,920 16,219 909,090 467,810 120.23 3 Southern B. & O., L. & N . S ta te . . . . 5 50,000 150,000 22,490 87,191 311,190 1,470,840 56.15 Burlington, C. & A. Tol. St. L. & W. S ta te . . . . 5 85.000 67.000 79,450 33,055 330,630 229,460 96.31 111. C ent., B. & O. M . & O. S ta te. . . .6 175.000 270.000 134,510 72,883 1,187,030 1,583,120 44.07 S t a t e . ..2 3 250.000 545.000 155,180 164,390 1,669,220 2,916,300 197.25 2 C. & A. S ta te . . . 18 610,000 920,000 744,690 466,510 6,552,630 6,314,150 422.06 1 Wabash Tol. St. L. N ation al. 5 S ta te. . . 12 245.000 302,500 147,000 90,606 1,422,240 1,080,680 78.05 S ta te . . . . 1 185.000 25,000 181,500 3,140 650,000 40,700 44.49 50.000 55.000 21,010 26,801 580,160 702,980 88.00 1H S ta te. . . 13 660,000 287,500 219,230 53,638 2,979,130 1,283,000 174.36 1M S ta te . . . 11 250.000 440.000 110,550 335,207 1,583,880 2,895,490 129.14 C om , W heat, Fruit. The on ly Big M uddy Coal is mined a t Murphysboro. T he M obile & Ohio R. R. Shops are also located here. C om , Oats, W heat, H ay, Poultry, Large M anufacturing Plants. T he M t. V em on Car Co., capacity 25 cars a day. 1,124 C om , W heat, F r u it........................................... Corn, Oats, Fruit. Large coal m ines are 2,669 240 14,200 W aterloo, 2,091 389 13,508 C om , W heat, Fruit, D airying and Flour M i lls .................................................................. M ontgom ery, 35,311 Hillsboro, 3,424 689 Corn, Oats, W heat, F ru it............................... M organ, 34,420 Jacksonville, 15,326 576 Mail Dispatched Via $80,000 115,000 M etropolis, 4,655 Monroe, Average Surplus Railroad Train Hrs. and Total Mileage From Capital Undivided Deposits in St. Louis Profits County to County Seat C om , W heat, Fruit, H ay, Timber, O a t s .. N a tio n a l. 3 S ta te . . . . 8 35,094 M assac, Number of Banks in County N a tio n a l. 2 36.37 3^ N o R. R. in County B. & O. L. & N. 111. C ent., B. L. & N . 3H & O. B. & O. &W . Illinois Central Illinois Central M. & O. W abash, Big Four Illinois Central Burlington C. & A ., W abash ILLINOIS — Continued County Seat Area County and and Population Population Square Miles Perry, 22,088 Pinckneyville, 2,722 Chief Products and Commercial Resources Number of Banks in County $125,000 175,000 $127,060 54,729 $1,032,770 965,450 68.25 2 335,140 159,769 1,453,250 1,846,480 106.00 5 S ta te. . .1 6 260,000 377,500 Burlington, C. & A. W abash 50,000 94,500 20,000 29,478 230,000 352,870 14.04 7 Illinois Central S ta te . . . . 4 N a tio n a l. 3 75.000 110,000 35,940 57,410 359,380 547,200 42.43 7 Illinois Central B. & O., M. & O. 75.000 281,600 32,070 128,738 643,010 2,322,040 134.43 5 S ta te. . . 15 75,000 S ta te . . . . 5 * 130,000 44,000 20,600 488,000 350,400 48.29 235.000 316.000 77,500 44,920 1,105,000 1,243,670 59.30 28,622 2,095 Golconda, 1,088 385 11,215 M ound C ity, 2,837 190 15,650 Randolph, 29,120 Chester, 587 Richland, 15,970 Olney, Saline, Harrisburg, 5,309 399 30,204 249 10,067 W inchester, 1,639 135.000 53,000 St. Clair, 119,870 Belleville, 21,122 663 Corn, Oats, W heat, Potatoes, Fruit. Belle ville is the center of the largest Bitum inous coal field in the United States. M any large manufacturing plants, in cluding iron foundries, breweries, flour mills, shoe shops, stove foundries, boiler works are located a t Bellville. N ation al. 9 S t a t e .. . 10 1,255.000 840.000 705,790 924,610 Union, Jonesboro, 1,169 403 Corn, W heat, Oats, P o t a t o e s , Fruits, N a tio n a l. 4 21,856 125.000 125.000 W abash, 14,913 M t. Carmel, 6,934 220 Corn, W heat. The whole county is un N ation al. 4 derlaid with coal; oil is found in paying S ta te . . . . 3 quantities. The division shops of the N . Y . Central R. R. and the Snider Preserve Co., U nited Paper Co. and many flour mills are located a t M t. Carmel. W ashington, 18,759 N ashville 2,135 561 Pope, Pulaski, Scott, Corn, W heat, Fruit (1,941,799 quarts of 2,747 357 5,011 Page Thirty-one Mail Dispatched Via S ta te . . . . 5 451 786 Pike, Capital Average Surplus Railroad Train Hrs. From Total and Mileage St. Louis in Undivided Deposits County to County Profits Seat S ta te . . . . 9 S ta te . . . . 8 B. & O., M . & O. St. L. S.W ., M. & O. 3X B. & O. 37.12 3 Burlington 10,651,340 7,704,780 301.35 1 Southern, L. & N . Illinois Central 75,630 26,540 768,280 487,060 57.02 4 111. C ent.. M. & O. B. & O. 225.000 100.000 59,150 3,910 1,061,880 171,580 40.05 5 Southern B. & O. 100,000 110,000 43,850 11,600 967,030 481,450 58.02 2 Southern B. & O.. L. & N . Illinois Central Page T h ir ty -tw o ILLINOIS — Continued County and County Seat Area and Square Population Population Miles W ayne, 25,697 W hite, Number of Banks in County Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat Mail Dispatched Via Fairfield, 2,479 733 Corn, Oats, W heat. Fruit. A large gar m ent factory, a red top seed cleaning plant, one ot th e largest in the U . S., is located a t Fairfield. T he famous Elberta peach is profitably grown. N a tio n a l. 3 S ta te . . . . 9 $145,000 101,000 $49,160 13,600 $450,070 194,000 55.47 4 Southern B. &. O Carmi, 507 Corn, Oats, W heat, H ay, Fruit, Live N a tio n a l. 7 S ta te . . . . 6 255.000 87,000 101,400 1,087,000 80.41 4 Southern B. & O., L. & N. 449 Corn, Fruit and Coal............................. N a tio n a l. 5 S ta te. . . 10 300.000 393,450 133,070 1,970,790 23,052 W illiamson, 45,098 Chief Products and Commercial Resources 2,833 Marion, 7,093 The regional bank will have no dealings with the general public. It is a bank of banks. The concentration in it of a portion of the reserves of the district render them available for rediscount of commercial paper as needed by its members. C. The bank has also a note issuing function to be exercised if the conditions of business require it. Illinois Central B. & O.. L. & N , INDIANA Indiana is classified as a north central state, and ranks ninth in population and thirty-seventh in land area among the states of Continental United States. Indiana was admitted to the Union, December 11th, 1816. It lies between the parallels of 37° 46' and 41° 46' north latitude and the meridians of 84° 49' and 88° 2' w est longitude and contains an area of 36,354 square miles with a popula tion of 2,700,876 according to the census of 1910. Its extrem e breadth is 160 m iles and its greatest length is 265 miles. Climate and Rainfall. The climate is similar to that of the northern or middle states of the Atlantic seaboard. The seasons are well defined, the temperature ranging from 48 degrees in the north to 56 degrees in the south; the average mean temperature being 52 degrees, and the annual rainfall is about forty-tw o inches. Soil. The soil is m ostly clay and loam and very fertile, the river bottom s are re markably rich. The extrem e northern section of the state was originally swampy, but an extensive system of drainage has converted this territory into the finest of farm lands. The southern part of the state is hilly, but has a good clay soil, which gives large and profitable returns. The undulating to rolling character of the surface give rise to excellent drainage. Agriculture. The leading field crops of Indiana in the order of their importance as judged by value are corn, wheat, hay and forage, oats, potatoes and tobacco. By far the m ost important crop is corn, the value of which is nearly three times as great as that of wheat. Tobacco is chiefly grown upon the silty soils derived from the glaciated upland soils along the Ohio river. H ay and forage crops are of great importance. In the production of clover seed Indiana ranks among the leading states of the Union. Fruit grow ing finds a m ost important place in the state’s resources. In the southern portion there are many large commercial orchards, which are bringing profitable returns. Market gardening commands the attention of a large number of people and produces bountiful returns for their labor. The cultivation of all kinds of vegetables, m elons and berries gives successful em ploy ment to all w ho engage in this occupation. Live Stock. Indiana does not specialize in the production of live stock, though an ample supply is produced for dom estic use. Special attention is given to dairy cattle. T he demand for dairy products is rapidly increasing, and is proving to be one of the m ost important industries in the state. T he total value of live stock as reported in the census of 1910 amounted to approxim ately one hundred and tw enty-four million dollars. Mining. The largest business factor next to the agricultural interests is coal. The state is noted for the amount and quality of coal produced, and is constantly increasing in volum e and value, giving em ploym ent to a large number of wage earners. Page Thirty-three Manufactures. Indiana ranked ninth in the value of its manufactures in 1909, having at that time nearly eight thousand manufacturing establishments, which gave em ployment to an average of 218,263 persons during the year and paid out approxi mately one hundred and tw enty-two million dollars in salaries and wages. The chief industries ranking according to the value of products are as follow s: Slaughtering and meat packing, flour mill and grist mill products, foundry and machine shop products, iron and steel works and rolling mills, and liquors dis tilled, the latter industry now being of minor importance, consisting of only fourteen different establishments em ploying an average of 428 wage earners, w hose products were valued at less than thirty-two million dollars. Transportation. The transportation facilities are of the best according to the record of m ile age of improved roads. Indiana is one of the leading states; nearly every county of the state is traversed by one or more railroads. Electric interurban roads line the state, making Indianapolis, the capital of the state, one of the greatest inter urban centers in the world. This state also has the benefit of deep water trans portation afforded by the Ohio and W abash rivers and the great lakes. Indiana is divided into 92 counties of which 24 are in Federal Reserve D is trict number eight; their commercial resources and chief products are detailed below. EVANSVILLE Evansville is the second largest city in Indiana, with a population in 1910 of 69,647. It is located on the Ohio river, and is chiefly noted for its manu facturing interest. Its transportation facilities are superior, consisting of shd steamboat lines, seven steam railroad lines and seven electric interurban rail ways. It is in the heart of the soft coal district, having five mines within the cor porate limits of the city, and within a radius of 54 miles there are sixty other coal mines, which furnish steam coal delivered on factory site at prices ranging from 75 cents to $1.25 per ton. W ith cheap fuel, ample supply of both skilled and unskilled labor, and excellent transportation facilities, it is not surprising to note that 320 factories are located in this ciy, including: 24 5 3 6 4 1 Furniture Factories. Stove Foundries. Brass Foundries. Machine Shops. Plow Factories. Steam Shovel W orks. 1 1 1 8 1 3 Gas Engine Factory. Glass Works. B uggy Factory. Flour Mills. L ocom otive Headlight Factory. Packing H ouses. Evansville claims to be the largest exclusive winter wheat market in the world. The output o f her mills exceeds 7,000 barrels daily. It is the second largest hardwood lumber market in the world. The noted Indiana quartered oak is manufactured here. Evansville has ten banks: Six State Banks and Trust Companies Capital ............................................... $ 525,000.00 Surplus and Undivided P rofits.. 765,060.00 D eposits ............................................. 9,237,000.00 Page Thirty-four Four National Banks $ 1,400,000.00 870,250.00 10,820,310.00 INDIANA County and Population County Seat Area Square and Population Miles Clark, Jeffersonville, 10,412 375 Crawford, 12,057 English 303 D aviess, 27,747 W ashington, 7,854 433 Dubois, Jasper, 427 30,260 583 19,843 2,196 N ew Albany, 20,629 148 30,293 Princeton, 6,448 486 30,137 Bloomfield, 2,069 543 36,873 Harrison, 20,232 Corydon, 1,703 486 Jackson, 24,727 Brownstown, 1,492 518 Jefferson, 20,483 Madison, 6,934 364 Knox, Vincennes, 14,895 510 Lawrence, 30,625 Bedford, 456 M artin, Shoals, Floyd, Gibson, Greene, 39,183 8,716 12,950 339 1,015 407 Paoli, Orange, 17,192 1,278 INDIANA —Continued County and County Seat Area Square Population and Population Miles Perry, Cannelton, 2,130 384 18,078 19,684 Petersburg, 2,170 338 21.670 M t. Vernon, 5,563 402 Scottsburg, 1,669 190 8.323 Spencer, 20,676 Rockport, 2,736 403 Sullivan, 32,439 Sullivan, Switzerland, 9,914 V evay, Vanderburg, 77,438 Evansville, 69,647 233 Warrick, 21,911 Booneville, 3,934 392 W ashington, 17,445 Salem, 519 Pike, Posey, Scott, Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat Mail Dispatched Via $150,000 25,000 $43,880 500 $1,165,470 108,000 8.41 9 Southern L. & N . 50.000 50.000 25,770 23,500 410,760 388,900 28.72 8 B. & O. Southern 275.000 100.000 180,250 65,530 1,773,000 697,780 72.80 5 B. & O. L. 8: N . 140,000 21.35 399,230 9 47,700 B. & O. Southern 35,000 181,000 4,960 52,070 82,100 719,170 41.52 11H Southern L. & N . 460 Corn, Fruit, M elons, C oal............................. N ation al. 3 S ta te . . . 11 160,000 485,000 38,670 122,070 786,490 2,238,740 72.59 7H 222 C om , Tobacco, F r u it......................................... N a tio n a l. 1 S ta te . . . . 4 50,000 112,000 39,000 36,300 185,000 654,090 N ation al. 4 S ta te . . . . 7 1,400,000 550,000 870,250 773,390 10,820,310 9,472,000 77.06 SX B. & O. Southern L. & N . N a tio n a l. 4 S ta te . . . . 3 150.000 83,000 104,760 36,370 751,200 594,990 28.49 7 Southern L. & N . N a tio n a l. 0 S ta te . . . . 6 27.71 210.000 213,900 999,780 10^ B. & O. 1,256 Number of Banks in County Corn, W heat, Tobacco. H as an inex N a tio n a l. 4 haustible supply of coal. The Indiana S ta te . . . . 1 C otton M ills, fam ous for the Hoosier sheeting, is located a t Cannelton. Corn, W heat, Tobacco, Fruit, O ats, R ye, N a tio n a l. 2 Coal. Petersburg is one of the largest S ta te . . . . 2 stock shipping points in the State. Corn, W heat, Tobacco, Oats. T his county N a tio n a l. 6 produces from one-half to tw o million S t a t e . . . . 3 bushels of w heat, fruit and live stock. M t. Vernon has hom iny and flour mills, foundry, m a c h in e s h o p s , saw mills, strawboard factory, brick yards and tile factories. Corn, W heat, Tobacco, Fruit. Tom atoes N ational .0 are the principal m oney crop— 15 tons S ta te . . . . 4 have been gathered from a single acre. Also much live stock. Corn, W heat, Fruit. Tobacco is the N a tio n a l. 1 money crop...................................................... S ta te . . . . 7 4,115 2.283 Chief Products and Commercial Resources C om , Tobacco, Fruit. E vansville is the second city in the state; is the seat of great manufacturing industries, and is one of the m ost im portant hardwood lumber markets of the country. Corn, W heat, Tobacco, Fruit. T his is the banner coal producing county in the state. Corn, W heat, Oats, H ay, Tobacco, Pota toes, Butter, W ool, Pork and Live Stock N o R. R. in C ounty 13 B. & O., Big Four Vandalia B. & O. Southern KENTUCKY Kentucky is classified as a south central state, and ranks 36th in area and 14th in population am ong the states of Continental U nited States. Kentucky was admitted to the Union, February 4th, 1792. It lies between 36° 30' and 39° 6' north latitude and between 82° and 89° 38' w est longitude, and contains an area of 40,598 square m iles with a population of 2,289,905 according to the census of 1910. Its greatest length from east to w est is 400 miles and its extreme breadth from north to south is 180 miles. Climate and Rainfall. T he climate of Kentucky is som ewhat variable, but is generally mild and pleasant; the mean annual temperature is about 55°. In winter the temperature som etim es falls to zero, while in summer the mercury rises to 94° and occasion ally to 100°. W inter usually lasts from the end of N ovem ber to the beginning of April; the snows, however, are light and seldom remain on the ground for more than tw o or three days at a time. The average rainfall is forty to fortyfive inches, providing ample moisture for the abundant crops for which the state is noted. Soil. The bluegrass section of Kentucky is unsurpassed in fertility and seems alm ost inexhaustible. The region is underlaid with lim estone. In the mountain counties the soil is, of course, less fertile, but it is easily cultivated and on the whole produces satisfactory results. That portion of the state lying between the M ississippi and T ennessee rivers is rich in deep alluvial deposits, adapted to the production of grain, tobacco, hay and truck farming. Agriculture. K entucky is w ell known as one of the leading states in agriculture, both as to the value of output and diversity of products. Corn is the principal crop, follow ed by tobacco, hay and forage, wheat, potatoes and oats; the state produces more tobacco than any other state in the Union, the value of which is approxi m ately forty million dollars annually. The raising of hemp is a thriving industry; practically the entire supply of the United States is grown in the bluegrass region of Kentucky. Rye, barley and buckwheat are extensively cultivated and all of the forage crops thrive bountifully. Live Stock. K entucky is known throughout the world as the state in which is bred aristo cratic live stock, the conditions for which are exceptionally favorable. Its mild climate, famous bluegrass and abundance of good water give Kentucky advantages which are unexcelled by any state in the U nion for the production of thoroughbred horses and mules, high class cattle, Southdown sheep and fancy hogs; this industry is constantly increasing in importance, and is a source of great profit. Mining. K entucky ranks seventh am ong the coal producing states of the Union, the output being approxim ately tw enty m illion tons annually, som e of which is especially desirable for coking purposes. The state is also rich in other mineral resources, asphalt, barytes, cement rock, fluorspar, iron ore, zinc, natural gas and oil being found in paying quantities. Manufactures. In general manufactures Kentucky is rapidly advancing; the interests are so varied that only the chief industries, as judged by value of output, w ill be re ferred to. Liquors distilled, flour mill and gristm ill products, lumber and timber products and tobacco manufactures rank in the order named. In 1909 Kentucky was the second state in the U nion in the manufacture of distilled liquors, having 206 establishm ents, em ploying an average number of 2,539 wage earners, who Page Thirty-seven produced an output valued at over forty-four million dollars. The flour mill and grist mill products were valued at $22,365,000.00 consisting of 440 establish m ents which employed an average number of 1,401 wage earners. The importance of the lumber and timber industry is indicated by the fact that it gave em ployment in 1909 to more than twice as many wage earners as any other industry in the state, the number being over thirteen thousand, and the value of products exceeded tw enty-one million dollars. Kentucky is the leading tobacco grow ing state in the Union. In the manufacture of chewing and sm oking tobacco, cigars, cigarettes, and snuff there were engaged in 1909 two hundred and tw enty-six establishm ents w hose output was valued at $18,598,000.00, em ploying an average number of 3,973 wage earners. Transportation. The rapid improvement of the railway system s of the state is doing much toward developing its resources. In 1912 the total mileage of steam roads in Kentucky was 3,526.21, which with the M ississippi, Ohio, Cumberland and Tennessee rivers and a number of smaller navigable rivers, together furnish ex cellent transportation facilities for the greater part of the state. The state is divided into 120 counties of which 64 are in Federal Reserve District number eight, and their commercial resources and chief products follow. LOUISVILLE Louisville was founded in 1779. It is the 24th city of the United States in population, having in 1910, 223,928, and is the m etropolis of the state of Kentucky. It is situated on the south bank of the Ohio river, in 38° 3' N. latitude, 85° 31' W. longitude, and is the second largest city in Federal Reserve D istrict No. 8. Louisville is connected by bridges and ferries with the thriving tow ns of N ew Albany and Jeffersonville, Indiana, and is an important railway center, and distributing point for supplies for the states lying immediately to the south. The city is famed for the manufacture of agricultural implements, chiefly plows, harrows, planters and cultivators, which find a ready market in all parts of the world, and affording employment to a large number of operatives, who contribute both to the physical and financial development of the community. Being the principal city in the greatest agricultural district on the continent the merchants and manufacturers have given special attention to the needs of those who till the soil, and every want in this line can be easily supplied, and any article quickly delivered to the rem otest point in this territory. The transportation facilities of Louisville are unsurpassed by any city of its size, having a total of 33 steam, electric and water lines, affording cheap freight rates, which is so essential in the promotion o f manufacturing industries. The citizcns of Louisville, realizing the importance of such enterprises, offer as an incentive for factory locations, five years’ exemption from municipal taxation, which together with cheap fuel, close proxim ity to the iron and steel mills and the advantage of abundant supply of timber from the nearby forests of Kentucky and T ennessee makes the city an ideal location for the production and distri bution of agricultural implements. Louisville is the largest market in the world for leaf tobacco, and is located in the greatest tobacco grow ing state in the Union. The manufacture of cigars is an increasing and profitable industry; the output aggregating five million annually. The production of whisky is also an important industry, which em ploys a large amount of capital and is a great source of revenue. Lumber, livestock, hardware and sewerpipe are am ong the commer cial specialties for which the city is noted. L ouisville has 18 banking institutions: Ten State Banks and Eight National Banks Trust Companies ....$4,659,600.00 $5,495,000.00 C a p ita l........................................... Surplus and undivided profits . . . . 2,435,780.00 3,777,240.00 . . . . 18,477,890.00 D eposits ....................................... 36,723,330.00 Total P a g e forT FRASER hirty-eight Digitized $25,573,470.00 $45,995,570.00 KENTUCKY Seat Area County and County Square and Population Population Miles Chief Products and Commercial Resources Number of Banks in County 400 16.503 1,022 Scottsville, 1,327 394 14,882 Lawrenceburg, 1,723 201 10,146 Wickliffe, 252 Ballard, Capital Average Surplus Railroad Train Hrs. Total and Mileage From Undivided Deposits in St. Louis Profits County to County Seat $25,000 60,000 $26,000 38,170 $159,840 245,870 50,000 21,000 235,000 S ta te . . . . 3 200,000 80,000 142,280 18,730 S ta te . . . . 4 30.000 65.000 S ta te. . . . 3 N o. R. R. in C ounty Mail Dispatched Via 18 B. & O. Southern 9.83 20 B. & O.. L. & N . 681,180 172,840 20.90 14 B. & O. Southern 9,110 17,700 105.000 198.000 11.93 s S t a t e . . . .0 Illinois Central 12,690 989 Glasgow, 2,316 485 Corn, Tobacco, Stock, Lim estone Quar- N a tio n a l. 5 270.000 45,000 97,500 14,470 1,233,000 253,420 20.93 15H B. & O., L. & N . 25,293 D anville, 5,420 186 C om , W heat, Hem p, Tobacco, Live Stock N a tio n a l. 2 S ta te . . . . 4 200.000 120,000 203,420 46,170 799,370 520,850 27.78 12 14,648 B. & O. Southern Breclcenridge, 21,034 Hardinsburg, 737 568 Corn, Tobacco, Fruit, General Farming 67.30 155,100 67,200 840,430 13)4 34.19 13 9,487 Shepherdsville, 318 308 417 15,805 M organtown, 569 S ta te . . . . 4 110,000 44,990 261,640 Caldwell, 14,063 Princeton, 3,015 322 C om , Tobacco, Fruit, Stock, V eg eta b les.. N a tio n a l. 2 S ta te ___ 1 200,000 15,000 221,500 5,910 735,000 86,150 C allow ay, 19,867 Murray, 412 Corn, Tobacco, Oats, Fruit, V eg eta b les.. . S ta te . . . . 4 110,000 i 3,590 395,930 Carlisle, Bard well, 1,087 198 C om , Tobacco, Fruit, W heat, Live Stock 9,048 N a tio n a l. 1 S ta te . . . . 4 25,000 75,400 4,500 42,400 Carrollton, 1,906 132 8,110 S ta te . . . . 4 120,000 80,000 Liberty, 379 S ta te . . . . 3 S ta te. . . . 7 Barren, Boyle, B ullitt. Butler, Carroll, C asey, . Corn, Tobacco, Fruit, Stock, D airying, 65,000 2,089 15,479 330 Christian, 38,845 Hopkinsville, 9,419 Digitized 3 for FRASER 725 31,060 404,370 L. & N . B. & O. N o R. R. in C ounty 15 L. & N . 46.31 11 B. 8: O., L. & N ., Southern, 111. Cent. 17.97 10 Illinois Central 70,000 201,000 22.85 7 Illinois Central 90,000 23,750 874,390 294,700 27.07 12 B. & O. Big Four 15 60,000 19,800 225,000 Southern B. & O. 75,000 350,000 35,000 172,750 420,000 1,804,880 N o R. R. in C ounty 82.64 9 Illinois Central L. & N . Page KENTUCKY — Continued F o r ty Seat Area County and County and Square Population Population Miles A lbany, 8,153 579 13,296 1,627 C umberland, 9,846 817 Chief Products and Commercial Resources 233 391 387 Number of Banks in County Capital Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat S ta te . . . . 2 $40,000 $9,200 $183,000 Corn, Tobacco, Cane, Fruit, L ive Stock. N oted for its production of Fluorspar. . . S ta te . . . . 3 50,000 32,700 375,000 S ta te . . . . 2 35,000 33,000 260,000 Corn, W heat, Tobacco, Fruit, T im b er----- 22.50 Owensboro, 16,011 478 Corn, W heat, Tobacco, Fruits, Live Stock 41,020 N a tio n a l. 3 S ta te. . . . 9 712,900 430,000 170,250 102,120 2,222,000 2,395,440 Edm onson, 10,469 Brownsville, 313 308 Corn, Tobacco, Fruit, T he famous M am moth C ave is in this C o u n ty .................... S ta te . . . . 2 35,000 7,000 118,320 Franklin, 21,135 Frankfort, 10,465 199 Corn, Tobacco, H em p. N a tio n a l. 2 S ta te . . . . 4 250.000 350.000 90,220 235,250 Fulton, Hickman, 2,736 193 S ta te . . . . 4 130,000 175,000 43,000 82,220 Warsaw, 109 D aviess, 14,114 Gallatin, 4,697 900 M ayfield, 5,916 551 33,539 Grayson, 19,958 Leitchfield, 1,053 497 Green, Greensburg, 450 279 193 8,512 H aw esville, 1,002 606 22,696 Elizabethtown, 1,870 M unfordsville, 475 430 18,173 Henderson, 11,452 435 Graves, 11,871 Hancock, Hardin, Hart, Henderson, 29,352 * Frankfort is the Corn, Tobacco, R ye, Gardening, S to ck . . . Corn, W heat, Fruits, Tobacco, Oats, H ay, Corn, W heat, Tobacco. Is the largest N o R. R. in County N o R. R. in County Mail Dispatched Via 20 Southern B. & O. 14 B. & O., L. & N . Illinois Central 15 Southern B. & O., L. & N . 59.74 8 L. & N . 11.13 14 B. & O. L. & N . 2,423,400 1,301,690 42.53 12X Southern B. & O. 348,000 504,710 38.03 10 11.51 12 31.16 10 33.80 13>* S ta te . . . . 4 92,000 23,610 276,580 N a tio n a l. 3 S ta te . . . . 8 300,000 290,000 168,600 77,670 442,730 462,800 S ta te . . . . 5 85,000 60,260 888,130 S ta te . . . . 2 30,000 14,640 239,850 6.14 17 24.10 11 M. & O. B. & O. Big Four M . & O., L. & N . Southern, L. & N . IU. C ent., B. & O. B. & O. S ta te . . . . 3 48,700 15,990 292,690 N a tio n a l. 1 S ta te . . . 10 100,000 238,000 38,310 48,150 737,170 855,910 79.71 12 N a tio n a l. 1 S ta te . . . . 4 25,000 74,500 3,500 30,500 172,000 528,000 22.27 12 N a tio n a l. 1 S ta te . . . . 8 200,000 845,000 25,000 320,450 390,000 1,787,460 45.92 6 L. & N . Southern, L. & N . B. & O. B. & O., L. & N . Southern B. & O., L. & N . KENTUCKY —Continued County and County Seat Area and Square Population Population Miles Henry, Chief Products and Commercial Resources Capital Average Railroad Train Hrs. Surplus and Total Mileage From in St. Louis Undivided Deposits County to County Profits Seat 303 13.716 468 11,750 1,497 Hopkins, 34,291 4,966 Jefferson, 262,920 Louisville, 223,938 387 H odgenville, 744 288 10,701 L ivingston, 10,627 Sm ithland, 557 392 Logan, Russellville, 3,111 643 24,977 Eddyville, 1,442 277 9,423 M cCracken, 35,064 Paducah, 22,760 239 M cLean, 13,241 Calhoun, 253 M arion, Lebanon, 3,077 345 Marshall, 15,771 Benton, 327 M eade, Brandenburg, 482 301 9,783 Harrodsburg, 3,147 253 14,063 Edm onton, 400 303 10,453 Lyon, 16,330 Page F o r ty -o n e M etcalf, 14 130,000 243,260 35.39 7 Illinois Central 11,000 60,550 206,000 1,494,250 84.46 7 L. & N . 5,495,000 4,764,600 3,777,240 2,469,060 36,723,330 19,540,800 178.83 85.000 15.000 20,710 4,500 280,170 86,000 9.20 16 Southern B. & O., L. & N . 3.97 16 S ta te . . . . 6 92,000 36,200 292,740 B. & O., M. & O. L. & N ., 111. Cent. 100,000 110,000 18,000 34,860 459,710 601,820 58.94 12 S ta te . . . . 5 Southern B. & O., L. & N . N a tio n a l. 1 25.000 15.000 7,000 2,090 85,000 45,930 14.57 13 B. & O., M. & O. 111. Cent., L. & N. 450.000 250.000 366.000 76,000 2,156,390 1,395,000 46.75 10 S ta te . . . . 3 Illinois Central M. & O., L. & N . N a tio n a l. 0 S ta te . . . . 7 11.36 8 L. & N . 112,000 55,250 620,820 300,000 45,000 163,580 7,380 920,080 159,680 40.86 13 S ta te . . . . 3 Southern B. & O. 30.19 10^ Illinois Central S ta te . . . . 6 95,000 55,900 358,000 25.39 14 S ta te . . . . 1 22,500 12,000 184,000 Southern B. & O. N a tio n a l. 2 S ta te . . . . 5 200,000 156,000 85,310 54,410 610,630 429,000 30.18 14 Southern B. & O. 15 S ta te . . . . 3 50,000 9,440 301,780 Southern B. & O., L. & N . S ta te . . . . 3 546 S ta te . . . 10 Corn, Fruit, Tobacco, Potatoes, Timber, 742 824 N ation al. 8 S ta te . . . . 1 Corn, W heat, T o b a c c o , L ive Stock, C om , W heat, Tobacco, Fruit, H em p ......... Mail Dispatched Via 29.67 S t a t e .. . 12 225 C linton, Mercer. Number of Banks in County $225,200 $82,150 $1,335,030 50.000 50.000 22,500 28,450 50,000 240,000 N o R. R. in County B. & O. Southern B. & O . Page Forty-two KY — C o n t i n u e d Number of Banks in County M onroe, Tom pkinsville, 639 441 Muhlenberg, 28,598 Greenville, 1,604 472 Cora, Tobacco, W heat, Live Stock, Coal. Nelson, Bardstown, 2,126 411 C om , Tobacco, W heat, S to ck ....................... Hartford, 584 13,663 16,830 Ohio, 27,642 Oldham, 976 Capital Average Surplus Railroad' Train Hrs. and Total MileageJ From Undivided Deposits in St. Louis Profits County to County Seat C om , Tobacco, W heat, Live S tock ............. 16 Southern B. & O., L. & N . 75.24 13 Southern, B. & O. 111. C ent., L. & N . 38.87 12 Southern B. & O. 85.30 12 Southern 111. C ent., L. & N . 27.34 12 Southern B. & O. 253,000 352,730 N o R. R. in County 12 B. & O. Big Four N o R. R. in County 14^ 187,000 S ta te . . . . 4 $121,000 $21,940 $401,370 N ation al. 2 S ta te . . . . 7 55,000 131,000 19,250 49,730 652,000 578,070 S ta te . . . . 7 158,000 39,600 660,970 S ta te . . . . 8 155,000 63,180 641,640 Corn, W heat, Tobacco, Fruit, D airying, V egetab les........................................................ S ta te . . . . 4 95,000 47,690 412,680 N a tio n a l. 2 S ta te . . . . 6 123.000 165.000 39,000 38,590 S ta te . . . . 2 30,000 18,600 C om , Tobacco, Live Stock, C o a l................ La Grange, 1,152 180 7,248 Owenton, 1,024 367 14,248 Corn, Tobacco, Live S tock ............................ Jam estow n, 177 329 10,861 Corn, Tobacco, Fruit, T im ber...................... 427 18,041 Shelbyville, 3,412 Sim pson, 11,460 Franklin, 3,063 216 Spencer, 186 Corn, Tobacco and All Grains, S to ck ........ 7,567 T aylorsville, 622 S ta te . . . . 2 75,000 24,540 307,130 279 11,961 Campbellsville, 1,206 Corn, Tobacco, W heat, S to ck ....................... N a tio n a l. 1 S ta te . . . . 2 25.000 65.000 11,230 23,020 75,620 260,960 Elkton, 367 Corn, T o b a c c o , W heat, Tim ber, Live S ta te. . . . 9 180,000 97,790 735,780 S ta te . . . . 4 70,000 52,250 318,770 Owen, Russell, Shelby, T aylor, T odd, 16,488 Trigg, Cadiz, S ta te . . . . 2 428 154 6,612 269 535,000 188,760 1,438,900 125,000 26,250 410,870 C om , W heat, T ob acco .................................... 1,005 Bedford, 77.82 Corn, Tobacco, W heat and other g r a in s .. 1,228 14,539 Trim ble, C om , H em p, Tobacco, W heat, Oats, H ay, Live Stock. This C ounty is known as S ta te . . . 11 the Jersey Isle of America, as more regis tered Jersey cattle are raised here than an y other place in America. Corn, W heat, Tobacco, Live S to ck ............. S ta te . . . . 2 N o R. R. in County 35,000 23,000 Mail Dispatched Via 200,940 B. & O. 13 B. & O. 14.21 14 13.52 16 12.59 .17 Southern B. & O. 31.22 13 L. & N . 18.67 15 B. & O., L. & N . B. & 0 . L. & N . N o R. R .. in C ounty 12 B. & O. KENTUCKY —Continued Area County and County Seat Square and Population Population Miles Union, 19,886 Warren, Morgan field, 1,725 325 Bowling Green, 9,173 530 W ashington, 13,940 Springfield, 1,329 299 W ayne, M onticello, 1,338 590 D ixon, 344 30,579 17,518 W ebster, 20,974 Chief Products and Commercial Resources Number of Banks in County C om , Tobacco, Fruit. Raises more C om than an y other C ounty in K en tu ck y . . . N a tio n a l. 2 S ta te . . . . 5 C om , Tobacco, Fruit, Cane. Ships more strawberries than any other C ounty in in K entucky. C om , Tobacco, Fruit. Is the largest oil Mail Dispatched Via $ 75,000 231,450 $20,650 94,330 $285,000 606,010 55.87 12 Southern B. & O., L. N ation al. 3 S ta te . . . . 6 345.000 160.000 107,240 52,600 1,401,780 539,210 38.79 12 Southern B. & O., L. & N . 50,000 130,000 53,350 55,130 203,270 499,740 11.37 15^ S ta te . . . . 4 Southern B. & O. 50.000 20.000 13,350 56,440 106,590 261,660 15 Southern B. & 0 . 90,000 185,000 12,590 52,300 239,090 781,310 16 Southern, B. & O. 111. C ent., L. & N . N ation al. 1 S ta te . . . . 9 741 Capital Average Railroad Train Hrs. Surplus From Mileage Total and St. Louis in Undivided Deposits County to County Profits Seat N o R. R. in C ounty 55.68 FEDERAL RESERVE BANKS Salient Feature as pointed put by the Advocates of the System Page Forty-three N ew Syatem O ld Syatem A t the helm of the system, guiding the banking and credit machinery and gold reserves of the country, stands a body, representative of the public of the United States, viz.: the Federal Reserve Board aided by the Federal Advisory Council, surveying the entire commercial and credit relations within the United States and without; scanning the financial and commercial horizon and being in a position (equipped with economic barometers of every kind and character) to reason ably forecast the changes in financial and commercial con ditions and act accordingly. The law will ultimately give the United States leadership and a conservative influence in finance. It will afford stability to business conditions and will give the country a system of greatest co-operation and co ordination that will go a long way to establish the commercial supremacy of the United States in the world. Our credit system lacks at present supervision and direction which sometimes makes for entirely unwarranted feelings of antagonism between several groups of banking, and several banking sections of the country, and oftentimes for unjusti fied criticism by the public. It also is a potent factor in caus ing unpreparedness when emergency calls for quick and de cisive action. The excellent manner in which the Federal Reserve Board and the bankers of the country are handling the present situation created by the European war, in face of the existing decentralized conditions, augurs well for the good that will result, when under the new system, the bank ing and credit resources of the country are well mobilized, guided and correlated. C & N. M I S S I S S I P P I Mississippi is classified as an east south central state, and ranks 21st in population and 31st in area among the states of Continental United States. The state was admitted to the Union, December 10th, 1817. It is situated between 30° 13' and 35° north latitude and between 88° 15' and 91° 41' w est longitude, and contains an area of 46,865 square miles with a population of 1,797,114, census of 1910. The extreme length of the state from north to south is two hundred and tw enty miles, and its maximum breadth is 188 miles. Climate and Rainfall. The average mean temperature for" the state is 76° varying from 47.3 in December to 80.8 in July. The rainfall for the entire state averages 55 inches, well distributed throughout the year, the precipitation varying according to locality. Soil. The soils of the state are varied in character and agricultural adaptation, vary ing from a gray sandy loam in the uplands, especially valuable for fruit and general crop cultivation, to the rich alluvial soil of the d^lta region in the south. The prairie section, lying in central eastern M ississippi, has rich black lime soil, which is particularly adapted to the production of alfalfa and clover. Agriculture. Agriculture is the leading industry in M ississippi; over eighty per cent of the population are directly engaged in the cultivation of the soil. Cotton is the chief product. The state ranks sixth am ong the states of the U nion in the production of this staple, which has brought as much as ninety million dollars per annum. Corn, wheat, oats, barley, m olasses and tobacco are extensively raised. The production of cane syrup is fast developing into one of the state’s greatest commercial resources. In the Gulf coast counties, known as the “Riviera of America,” oranges, grape fruit, figs and pecans are successfully grown. Truck farming and poultry raising is general throughout the state and is exceedingly profitable. Live Stock. T he raising of live stock is receiving considerable attention; many large herds of beef and dairy cattle are to be found where only a few years ago scarcely enough were raised for home consumption. Mild climate, abundant grass and water with an ever-grow ing demand are factors, which, in the near future, will greatly increase this industry. H ogs and sheep can be raised cheaply in Mississippi. Mining. W hile not classed as a mineral state, M ississippi has a considerable number of valuable deposits, including lignite, fire clays, and limestone, etc. Manufactures. T he principal articles manufactured in M ississippi are lumber and timber prod ucts, oil, cottonseed and cake, cotton goods, fertilizers, turpentine and rosin; there is yet standing a very large area of virgin forests, embracing many varieties of merchantable timber, which is becom ing more valuable each year. The lumber and timber business is one of the oldest and by far the m ost important industry in the state, giving em ploym ent to over thirty-three thousand wage earners, w hose products were valued at over forty-three million dollars in 1909. The production of turpentine and rosin continues to hold a prominent place in the state’s comm erce; large quantities of naval stores are annually shipped from M ississippi ports. Page Forty-four Transportation. The transportation facilities of a state are of paramount importance in the developm ent of its commercial resources. M ississippi has nine trunk lines, which with their numerous branches, together with the navigable streams and the ocean steamship service, afford ample means for shipping the vast products of the state to the markets, both at home and abroad. The state is divided into 79 counties, thirty-seven of which are in Federal Reserve D istrict number eight; and their commercial resources and chief prod ucts are listed below. , GREENVILLE MISS. Greenville is the county seat of W ashington county, and is the largest city in M ississippi in Federal Reserve D istrict number eight. It is located on the east bank of the M ississippi one hundred and fifty m iles south of Memphis and three hundred miles north of N ew Orleans, in the heart of the Y azoo Delta, which is famed for its productiveness. In 1910 Greenville had a population of 9,610 and ranked sixth among the cities o f the state in the number of its inhabitants. It is the western terminus of the Southern Railway in Mississippi, and is also served by the Y azoo & M ississippi V alley Railroad, as well as by the river lines, which is an important factor in the developm ent of the city’s commerce. Greenville is thoroughly modern in point o f comm ercial facilities and for residence purposes. The city is supplied with excellent water, obtained from six artesian w ells, which are from 450 to 500 feet deep. Its electric lighting system , electric street railways, good drainage, paved streets, beautiful homes, substantial business structures and public buildings, indicate a progressive citizenship. In addition to being the principal city in the m ost fertile agricultural section of the state, Greenville is surrounded by great timber districts, from which immense supplies of hardwood are annually taken, furnishing em ploym ent to a large number of w age earners and constituting one of the city’s chief resources. The Chamber of Commerce reports the aggregate value of the principal lines of industry for 1913 to have been $14,500,000.00, dis tributed as follow s: Packing H ouse Products .................................$ W holesale Grocers ............................................... Lumber ...................................................................... Cotton and Cotton Seed Products..................... Jobbing and Retail B usiness............................... 800,000.00 3,000,000.00 2,000,000.00 6,700,000.00 2,000,000.00 Greenville has four banking institutions w hose statem ents show that they had on June 30th, 1914, the following: Capital Three State Banks One National Bank Surplus and Undivided Profits $229,500.00 $ 64,206.68 100,000.00 263,593.12 Deposits $329,500.00 $2,296,898.23 $327,799.80 $1,160,324.81 1,136,573.42 Page Forty-five MISSISSIPPI County and County Seat Area and Square Population Population Miles Alcorn, Corinth, C om , Fruit, P otatoes, S yru p ........................ Kosciusko, 2,385 715 C om , Oats, P otatoes, Peanuts, C otton, Fruit, S y ru p .................................................... S ta te . . . . 5 Ashland, 396 Corn, Potatoes, C otton, Syrup, F ru its. . . . 5,020 28,851 Benton, 10,245 146 Rosedale, 1,103 879 48,905 Calhoun, 17,726 Pittsboro, 579 Carroll, 624 23,139 Carrollton, 608 Chickasaw, 22,846 Houston, 1,400 501 Corn, Oats, P o t a t o e s , C otton, Syrup, Choctaw, 14,357 Ackerman, 1,398 414 C om , Oats, P o t a t o e s , Pecans, Syrup, Clay, 20,203 W est Point, 4,864 Coahom a, 34,217 Bolivar, Number of Banks in County 386 18,159 A ttala, Chief Products and Commercial Resources N a tio n a l. 2 S ta te . . . . 2 Average Surplus Railroad Train Hrs. and Total From Mileage Capital Undivided Deposits in St. Louis Profits County to County Seat $150,000 120,000 130,300 $25,710 57,081 70,454 $378,981 341,143 20,000 1,594 71,408 S t a t e .. .12 218,400 102,928 919,060 N a tio n a l. 0 S t a t e . . . .4 45,050 5,531 193,244 Corn, Potatoes, C otton, Peaches, Pecans C om , Oats, P o t a t o e s , C otton, Syrup, 350 Corn. Fruit, Potatoes, C otton, S y r u p .. . . N a tio n a l. 0 S ta te . . . . 4 48.90 12 38 43 18 21.01 12 Illinois Central 139.95 17 Illinois Central 10.49 22 38.87 19 M. & O. 800,283 N a tio n a l. 0 S ta te ___ 2 Mail Dispatched Via M . & O. M. & O. Illinois Central 135,000 41,573 386,092 N a tio n a l. 1 S ta te . . . . 6 25,000 166.000 9,769 42,494 279,779 663,483 64.23 20 N a tio n a l. 1 S ta te . . . . 1 25,000 20,000 3,853 3,324 82,130 175,676 41.88 20 408 Corn, Fruit, Potatoes, C otton, Straw N a tio n a l. 1 berries, F ru it................................................... S ta te . . . . 4 100,000 135,000 81,746 51,473 258,373 632,307 53.39 14^ Illinois Central M. & O. Clarksdale, 4,079 530 Corn, Fruit, Potatoes, C otton, Pecans. . .. N a tio n a l. 0 S ta te . . . . 7 265,000 102.27 13 497,185 Illinois Central 3,605,141 D e S o to ,........... 23,130 Hernando, 475 25,000 46.24 11 S ta te . . . . 1 Illinois Central 21,717 174,705 Grenada, 15,727 Grenada, 2,814 C om , P o t a t o e s , Fruit, C otton, Straw berries, S yru p ................................................. N a tio n a l. 0 S ta te . . . . 4 43.06 14 95,000 177,326 739,925 Illinois Central 2,428 P ecan s............................................................... S t a t e . . . 11 79.39 19 39,088 467,820 165,293 Illinois Central 843,230 194 S ta te . . . . 1 .74 15 14,526 25,000 1,825 71,683 C om , C otton, Fruit, Potatoes, S yru p ......... N a tio n a l. 1 S ta te . . . . 1 50,000 60,000 6,124 41,873 108,898 254,879 27.79 13 660 442 834 529 La Fayette, 21,883 Oxford, 664 2,014 M. & O. M. & O. M. & O. Illinois Central MISSISSIPPI — Continued Capital Surplus Total and Undivided Deposits Profits $50,000 425,000 $57,091 166,908 $284,437 1,258,801 250.000 310.000 139,490 98,686 725,144 1,427,496 100,000 294,100 7,393 159,349 211,488 1,451,784 138,000 96,295 807,986 150.000 120.000 112,603 80,838 604,419 614,772 210,000 34,797 538,478 182,900 111,034 761,661 117,500 168,839 792,273 281,200 120,527 712,235 60,000 70,000 11,429 29,449 142,196 184,211 100,000 48,291 247,045 80,700 12,410 114,164 370,300 27,743 781,065 217,800 22,414 1,223,210 25.000 45.000 7,503 23,604 73.183 207,942 T age Forty-eight MISSISSIPPI —Continued Seat Area County and County and Square Population Population Miles Tishom ingo, 13,067 Iuka, 428 Chief Products and Commercial Resources Number of Banks in County C om , C otton, Fruit, Potatoes, S y n ip ......... N a tio n a l. 1 1,221 Capital $25,000 10,000 418 8,646 555 8,997 N ew A lbany, 2,032 W ashington, 48,933 9,610 14,853 W althall, 171 accessible pt. Eupora 17,139 1,181 31,519 421 Union, 47.61 20,000 S ta te . . . . 1 412 C om , Oats, C otton, P o t a t o e s , Fruit, N a tio n a l. 1 50,000 106,300 S ta te . . . . 9 185.58 100,000 432,650 877 416 Average Surplus Railroad Train Hrs. and Total Mileage From Undivided Deposits in St. Louis Profits County to County Seat $61,802 9,839 1,206 188,672 21,603 37,821 138,842 258,471 263,593 19 113,830 8,859 C om , Fruit, C otton, P o t a t o e s , Oats, 6,483 S ta te . . . . 5 178,500 15 Illinois Central 12 Illinois Central 15 Illinois Central 17 M . & O. 244,597 21.99 25 39.15 13 296,636 490 41.23 39.50 25,000 c 43.93 Illinois Central 1,112,908 1,829,643 C om , Oats, P o t a t o e s , C otton, Fruit, 50,000 597 $4,489 Mail Dispatched Via 108,116 709,690 U nder the Federal R eserve System , the privilege of redis counting will enable a member bank that holds a supply of acceptable com m ercial paper to obtain funds from its re serve bank at any time needed to m eet the demand of its depositors or the requirements of its borrowers. Illinois Central T E N N E S S E E T ennessee is classified as an east south central state and ranks 17th in population and 33rd in land area am ong the states of Continental U nited States. T ennessee was admitted to the Union, June 1st, 1796. It lies between 80° 37' and 90° 28' w est longitude and 35° and 36° 36' north latitude, and contains an area of 42,022 square miles and a population of 2,184,789 according to the census of 1910. There are three political divisions known as East, Middle and W est Tennessee. The principal rivers are the M ississippi, the T ennessee and the Cumberland, which are navigable for a total of about 1,400 miles. A ll principal cities have advantage of river rates. The greatest length of the state from east to w est is 432 miles and its width is 110 miles. Climate and Rainfall. Tennessee is exem pt from the extrem es of heat and cold, varying from freez ing temperature in January to about 80° in the summer months. The average temperature being about 60°. The average annual rainfall is about fifty-three inches, and is so distributed during the grow ing season that crop failures are unknown. SoiL The soils vary according to locality from light sandy and gravelly in the up lands to rich calcareous in the valleys, and deep sandy loam s and alluvial in the bottoms. Agriculture. Diversified farming is general in the state, although specialization is practiced in som e sections; corn, cotton and wheat are the great staples, leading in import ance in the order named. Dairying and market-gardening are extensively fol lowed near the large cities. Live Stock. Stock raising is generally follow ed; the industry, however, is far short of its possibilities, the demand being always in excess of the supply. The agreeable climate, long open season, splendid grazing and abundance of water offer superior advantages in this line. T ennessee mules, like M issouri’s, are in constant demand throughout the world. Sheep and hog raising is increasing in importance and is a source of great profit. Mining. Coal is the most important product of the m ining industry of the state, amounting in 1912 to over six million tons, which was valued at over seven million dollars. T ennessee is noted for its inexhaustible supply of marble which is extensively quarried, and finds a ready sale both at home and abroad. Manufactures. T ennessee has made rapid progress in the past few years in all lines of manufacturing; with raw material abundant and ample coal of high quality for fuel, and exceptional hydro-electric potentialities, there has been a steady, healthy growth in the output of foundries, w ood-working plants, milling and other industries. T ransportation. N early every comm unity is in easy access to the markets and the centers of population. The state has five great railroad system s, with a total of 3,933 miles. T he M ississippi and T ennessee rivers in the western part of the state afford cheap means of transportation. The public highw ays are receiving a great deal of attention and will add much to the state’s resources. Page Forty-nine WEST TENNESSEE This sub-division of the state is w holly within Federal Reserve District number eight, and consists of tw enty-one counties, the chief resources and com mercial products of which follow. , MEMPHIS TENN Memphis is the largest city in Tennessee, having a population of 131,105 in 1910, which is now estimated to exceed one hundred and forty thousand. It is situated on the east bank of the M ississippi river, four hundred and fifty miles below St. Louis and eight hundred and tw enty-six miles above New Orleans. The Chickasaw bluffs on which the city stands have an average elevation of fortyseven and one-half feet above the high water mark. Memphis is methodically and tastefully planned and is adorned with many elegant private residences and substantial public buildings. The city is modern and progressive, it is w ell paved and has a superior system of drainage; its water supply is drawn from Artesian wells. It has the com m ission form of government. A fine bridge spans the M ississippi at this point and another one is in process of construction. Eleven trunk line railroads enter the city and it is the home port of 175 steamboats. W ith unexcelled transportation facilities affording cheap freight rates, the city is rapidly increasing in importance as a manufacturing and distributing center. It is the largest inland cotton market in the world, and is also the largest hardwood lumber market. There are located within the city’s limits more than six hundred manufacturing industries, chief am ong which are flour mill and gristm ill products, food preparations, lumber products, cottonseed-oil and tobacco manufactures, which are valued at approximately $178,038,000.00, for this year, distributed as follow s: Cotton ..................................................................... $46,296,000.00 Cottonseed Products ......................................... 20,000,000.00 Lumber ................................................................... 19,500,000.00 W holesale Groceries ........................................... 24,000,000.00 Grain and Feed Stuff......................................... 18,000,000.00 Manufactures (less cottonseed products) . . . 45,242,000.00 Candy and C onfectioneries............................... 5,000,000.00 Memphis has eighteen banking institutions: Capital * Surplus and Undivided Profits D eposits Fourteen State Banks and Trust Companies .......... $4,047,536.90 Four National B anks.............. 1,800,000.00 $1,888,522.47 1,133,825.39 $25,476,936.76 8,764,031.82 $5,847,536.90 $3,022,347.86 $34,240,968.58 P a g eforFFRASER ifty Digitized TENNESSEE Area County and County Seat Square and Population Population Miles Benton, 412 Camden, 12,452 692 Huntingdon, 1,112 600 23,971 Henderson, 1,087 288 9,090 Crockett, 16,076 Alamo, 275 Decatur, 10,093 D ecaturville, 500 310 D yer, Dyersburg, 4,149 495 27,721 Somerville, 1,387 630 30,257 Trenton, 615 Carroll, Chester, Fayette, Gibson, Chief Products and Commercial Resources Live Stock, Oats, Corn, Peanuts, Vege- N a tio n a l. 1 $25,000 50,000 $6,000 8,990 $ 93,000 124,150 S ta te . . . . 9 155,000 88,570 659,620 S ta te . . . . 4 63,500 40,330 310,040 600 Cotton, Corn, W heat, Potatoes, Lumber, C otton, Corn, W heat, H ay, Fruit, Hogs, 2,402 41,630 Average Surplus Railroad Train Hrs. and Total From Mileage Undivided Deposits St. Louis in Profits County to County Seat Number of Banks in County 640 Capital 17 111. Cent., L. & N. M. & O. 58 8 80 19 71 8 Illinois Central M. & O. 73 11 Illinois Central 10H Illinois Central M. & O. Page Fifty-one S ta te . . . . 7 86,850 40,100 611,050 N a tio n a l. 1 S ta te . . . 20 55,000 470,649 15,000 198,920 190,000 1,844,580 S ta te . . . 10 138,000 56,070 914,390 N a tio n a l. 1 S ta te . . . . 3 50,000 69,300 11,350 11,620 231,540 183,480 N one N a tio n a l. 1 S ta te . . . . 2 100,000 75,000 24,530 43,070 531,670 451,320 29 16 111. Cent., L. & N . M. & O. 42 20 111. C ent., L. & N. M . & O. 60 15 111. C ent., L. & N . M. & O. 13 13 Illinois Central 26 9 Illinois Central N ation al. 0 S ta te . . . . 8 133,825 16,780 628,460 Henry, Paris, 580 Potatoes, Tobacco, Fruit, Vegetables, Live N a tio n a l. 1 S ta te. . . .5 50,000 185,000 6,500 90,060 225,000 732,100 S ta te . . . . 4 126,950 42,650 533,000 S ta te . . . . 8 25,000 165,305 3,130 89,100 86,180 1,289,250 11 366,480 859,700 530 450 111. Cent., L. & N . M. & O. M. & O. 71,910 56,490 Lexington, 1,497 2,011 9 100,000 189,000 Henderson, 17,030 R ipley, 12 N a tio n a l. 1 570 Lauderdale, 21,105 10 98,120 Brownsville, 2,882 210 10 & N. 13,650 Haywood, 25,910 T iptonville, 843 111. Cent., L. M. & O. 35,000 587 8,704 19 S ta te . . . . 2 Savannah, 2,000 Lake, 68 564,530 17,521 3,881 111. Cent., L. & N. M. & O. 29,350 Hardin, 25,432 18 115,100 Bolivar, C otton, Corn, Fruit, H ay, Live S to ck ----- 26 S ta te . . . . 9 Hardeman, 23,011 1,070 Mail Dispatched Via Illinois Central 111. Cent., L. & N . M. & O. p <K TENNESSEE — Continued County and County Seat Area and Population Population Square Miles Chief Products and Commercial Resources Number of Banks in County Capital Average Railroad Train Hrs. Surplus From Total Mileage and St. Louis .in Undivided Deposits County to County Profits Seat Mail Dispatched Via M adison, 39,357 Jackson, 15,779 520 C otton, Corn, Fruits, Vegetables, Live N a tio n a l. 3 S ta te . . . . 6 $400,000 449,500 $143,520 66,320 $2,320,310 712,910 90 9 Illinois Central M . & O. M cN alry, 16,356 Selmer, 550 C otton, C om , H ogs..................•....................... N a tio n a l. 1 S ta te . . . . 5 30,000 45,333 8,980 19,170 135,640 222.970 42 u Illinois Central M. & O. Obion, U nion C ity, 4,389 540 C otton, C om , Oats, W heat, Live S to ck . . . N a tio n a l. 3 S ta te . . . 10 160,000 201,970 52,500 80,340 615,000 634,700 74 29,946 M em phis, 131,105 728 C otton, Corn, W heat, Hogs, L um ber........ National 4 S ta te . . . 20 1,800,000 4,198,850 1,149,330 1,874,760 10,737,510 40,619,720 208 10 191,439 Illinois Central Frisco C ovington, 2,990 400 C otton, C om , W heat, Oats, Fruit, V ege tables, Live S to ck ......................................... N a tio n a l. 1 S ta te . . . . 7 50,000 310,000 2,690 38,450 50,510 919,380 27 10 Illinois Central Dresden, 620 C otton, C om , T o b a c c o , W heat, Oats, Fruits, Vegetables, Live S to ck ................. N a tio n a l. 1 S ta te . . . 12 50,000 332,500 11,000 135,000 971,410 51 16 119,740 111. C ent., L. & N . M. & O. Shelby, T ipton, 29,459 W eakley, 31,929 529 708 MT 7H One of the m ost im portant functions of the Federal Reserve Bank is the discounting of commercial paper held by its member banks. T his paper m ust arise out of actual commer cial transactions— th at is, it m ust be notes, drafts, or bills of exchange issued or drawn for agricultural, industrial or commercial purposes— the proceeds of which have been used or are to be used for such purposes. Such paper m ust not be, a t time of discounting, more than 90 days from m aturity— except th at notes, drafts and bills drawn or issued for agri cultural purposes or based on livestock and having a m aturity not exceeding six months, m ay be accepted for discount to a limited percentage of the capital of the Reserve Bank, to be fixed by the Federal Reserve Board. Illinois Central M. & O. FE D E R A L R E SE R V E D IS T R IC T N o. 8 State Banks and Trust Companies National Banks Total of All Banks Number of Banking Towns Number of Towns with Only One Bank Number of Towns with Two or More Banks Number of Towns With National Banks Number of Towns With Only National Bank Arkansas............. 426 59 485 313 211 102 47 3 Illinois................. 372 154 526 336 206 130 127 31 Indiana................ 129 61 190 112 69 43 44 15 Kentucky............ 305 70 375 230 150 80 39 7 Mississippi.......... 173 16 189 124 78 46 15 2 *999 +1 71 7 1,070 46 657 360 297 61 3 1 Tennessee............ 150 20 170 100 58 42 14 1 Missouri.......... * Outside S t. Louis. t In St. Louis. Page Fifty-three Missouri has 360 towns with one bank only. two banks, 220 three banks, 53 four banks, 16 five banks, 3 six banks, 3 fourteen banks, 1 forty-six banks. 1 National Banks in Federal Reserve District No. 8: Arkansas.......................................................................... 59 Illinois.........................; .................................................. 154 Indiana.......................T.................................................. 61 Kentucky............................. .......................................... 70 Mississippi...................................................................... 16 Missouri.......................................................................... 78 Tennessee...................................................................... 20 Total................................................... 458 STATEMENT OF THE CONDITION OF THE M ercantile T r u s t C o m p a n y SAINT LOUIS At the Close of Business October 31, 1914 RESOURCES Time L o a n s .............................................. Bonds and S t o c k s ..................................... Real Estate (Company’s Office Building) Safe D eposit Vaults . . . . O v e r d r a f t s .............................................. Clearing House Loan Certificates on hand Other Resources . . . . Demand Loans . . . . Cash and Sight Exchange $18,994,962.35 7,498,853.34 880,000.00 250,000.00 554.91 1,095,000.00 1,112.69 $4,191,295.53 5,573,537.51 9,764,833.04 $38,485,316.33 LIABILITIES Capital Stock Paid in . Surplus and Undivided Profits Unpaid Dividends . Reserved for Taxes Reserved for Interest Clearing House Loan Certificates Issued Other Liabilities $14,831,475.15 Deposits, Demand . D eposits, Time 12,072,577.73 $3,000,000.00 6,810,102.86 1,039.50 95.000.00 75.000.00 1,500,000.00 100,121.09 26,904,052.88 $38,485,316.33 DIRECTORS L O R E N Z O E. A N D E R S O N Broker JA M E S W . B E L L M anager S a v in g s D epartm ent B. A. B R E N N A N V ice -P resid en t PA U L BROW N P au l B row n & Co. JA M E S G. B U T L E R C apitalist D . R. C A L H O U N P resid en t E ly & W alker D ry Goods C om pany W . F. C A R T E R V ice -P resid en t D O U G L A S G. C O O K P resid en t A m erican W in e C om pany D A V I D E IS E M A N P resid en t R ice -S tix D ry G oods Co. R IC H A R D L. G O O D E C ounsel W . J. K IN S E L L A P resid en t H a n le y & K insella C offee and S p ice Co. P a gfor e FRASER Fifty-four Digitized W A L T E R M c K IT T R IC K V ice -P resid en t H argadine-M cK ittrick D ry Goods Com pany C. H . M c M IL L A N W I L L IA M M A F F IT T V ice-P resid en t G E O R G E D. M A R K H A M W . H . M arkham & C o., Insu ran ce J. B. M O B E R L Y R eal E sta te L oan Officer J. H U G H P O W E R S V ice -P resid en t F R A N K A. R U F Presid en t A ntikam nia C hem ical Co. H A R R Y SC U L L IN Presid en t S cu llin-G allagh er Iron and S teel Com pany JO H N S C U L L IN C apitalist J. D . S T R E E T T J. D . S treett & Co. F E S T U S J. W A D E P resid en t G EO RG E W . W IL S O N V ice -P resid en t STATEMENT OF THE CONDITION OF THE M er c a n tile N a t i o n a l Bank OF SAINT LOUIS At the Close of Business October 31, 1914 RESOURCES L o a n s ....................................................... . . . O v e r d r a f t s .............................................. . . . U nited States Bonds to Secure Circulation . . Bonds to Secure U. S. D eposits and Postal Savings D e p o s i t s ......................................................................... Bonds and Stocks . . . . . . . . Clearing House Loan Certificates on Hand . . Cash and Sight Exchange . . . . . . $5,203,903.37 1,297.41 1,050,000.00 263,332.19 998,256.67 665,000.00 2,545,659.77 $10,727,449^41 LIABILITIES C a p i t a l ....................................................... . . . S u r p l u s ....................................................... . . . Undivided P r o f i t s .................................................................... Circulation . . . . . . . . . Reserved for Taxes . . . . . . . U nited States Bond Account . . . . . Clearing House Loan Certificates Issued . . . D e p o s i t s ....................................................... . . . $1,500,000.00 500,000.00 91,827.45 1,650,000.00 20,000.00 1,200,000.00 500,000.00 5,265,621.96 $10,727,449741 DIRECTORS LO R EN ZO E. A N D E R SO N Broker JA M E S W . B E L L M anager S a v in g s D epartm ent M ercantile T ru st Com pany PA U L BROW N Paul B row n & Co. EDW ARD BUDER C ashier JA M E S G. B U T L E R C apitalist D. R. C A L H O U N P resid en t E ly & W alker D ry Goods C om pany W . F. C A R T E R V ice -P resid en t D A V I D E IS E M A N P resid en t R ice -S tix D rv G oods Co. R IC H A R D L. G O O D E C ounsel W . T. K I N S E L L A P r esid en t H a n le y & K insella Coffee and S pice Co. W A L T E R M c K IT T R IC K V ice-P resid en t H argadine-M cK ittrick D ry G oods Com pany C. H . M c M IL L A N W I L L IA M M A F F IT T V ice -P resid en t G EO RG E D. M ARK H AM W . H . M arkham & C o., Insu ran ce F R A N K A. R U F P resid en t A ntikam n ia C hem ical Co. H A R R Y S C U L L IN P resid en t S cu llin-G allagh er Iron and S teel C om pany JO H N SC U L L IN C apitalist J. D . S T R E E T T J. D . S treett & Co. F E S T U S J. W A D E P resid en t GEO RG E W . W IL SO N V ice -P resid en t Page Fifty-five T he strength of a financial institution lies in its capital, surplus and profits— and no less in its honorable history,and the ability, character and standing of the men who conduct its affairs. C. Possessing all these qualities in an em inent degree, the M ercantile Trust Com pany and M ercantile N ational Bank of St. Louis solicit your account — believing we can make ourselves useful to you in anything pertaining to finance and that our relations will be m utually profitable.
@FedFRASER