Publisher's Synopsis
Excerpt from Second Annual Report of the Commissioner of the Banking Department of the State of Michigan: December 31, 1890
In accordance with Section 43, of the General Banking Law of the State of Michigan, I have the honor to present you herewith, the second annual report of this department. Michigan 18 to be congratulated upon having so good a banking law, which, after a trial of two years, has been found satisfactory to the large number of flourishing banks organized under it, and to the thousands of depositors who have patronized and been benefited by their incorporation. On January 7, 1889, the present State Banking Law went into effect. At that time there were eighty banks incorporated and doing business under State law, whose total assets were $38, 963, 417. 19. Today we have one hundred and seven incorporated State banks, whose assets are an increase in two years of twenty-seven in number, and an increase of 56 in assets. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
