A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 101
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THE Crnr o H TONF, TEXAS 101
a wide margin over her:nearest competitor, Dala
The figures for these cities are:
Houston-Loans and discounts, $22,628,110;
lawful money reserve, $8,728,112; individual de.
Dallas-Loans and discounts, $17,221,605; lawful
reserves, $2,021996; individual deposits, $17,556,876.
Fort Worth-Loans and discounts, $12,277,281;
legal reserves, $1,277,660; individual deposits,
San Antonio-Loans and discounts, $9,078,658;
lawful reserves, $1,716,011; individual deposits,
Waco-Loans and discounts, $5,882,276; lawful
reserves, $711,567; individual deposits, 5,118,521.
Galveston-Loans and discounts, $8,901,517;
lawful reserves, $764,258; individual deposits, $8,609,664.
The foregoing pages tell of Houston's financial
strength, but they tell only one-half of the story.
Banks represent the commercial and business life
of a community, their condition giving in concise
form the extent and volume of trade in a way that
can be understood by all. In the very nature of
things, banks, no matter how great and strong, can
not add to the physical and material growth of a
community except indirectly. Banks prosper by
lending money for short periods on commercal paper
and similar securities. Their collateral must
be sue as can be easily turned into am on short
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/115/: accessed August 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .