A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 105
184 p. : illus. ; 23 cm.View a full description of this book.
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TiE Crry OF HotrrON, :TES 105
success. The company was in active operation for
slightly over two years and during that
time paid
dividends of 10 per cent and accumulated a surplus
of very nearly a quarter of a million dollars. On
September 1, 1911, the Texas Trust Company consolidated
with the Bankers' Trust Company, thus
making the latter one of the greatest trust companies
in the South.
The Bankers' Trust Company was chartered in
1909 with a capital stock of $500,000, and a paid in
surplus of $25,000. The capital stock was soon increased
to $1,000,000. The volume of business done
by this company was very great and its success was
phenomenal. September 1, 1911, the Bankers'
Trust Company absorbed the Texas Trust Company,
at the same time increasing its capital stock
to $2,000,000. This company transacts a general
trust business and is fully equipped in all its departments
to meet the financial requirements of its
patrons. It takes charge of real and personal estates,
and acts as executor, administrator, receiver
and trustee.
Following is the statement of this company
issued at the close of business April 18, 1912:
Capital stock .............. ............. $ 2,000,O(X.00
Surplus and profits (net) ................ 881,63823
Reserved for taxes ...................... 12,000.00
Demand deposits ................. ........ 44,10235
Certificates of deposit .................... 723,49621
Cashier's checks ..................... ..... 4302.00
Trust funds ............................. 900,992.46
Re-discounts . ............................ 12,97335
Total . ............................. . $4,579,504.35
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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. (https://texashistory.unt.edu/ark:/67531/metapth24649/m1/119/: accessed April 20, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.