Impressive is the capitalization of "biggest" U.S. banks.*Among them: National City Bank (N. Y.), $75,000,000; Chase National Bank (N. Y.), $50,000,000; Bank of Italy, National Trust and Savings Association (San Francisco), $50,000,000; American Exchange-Irving Trust Co. (N. Y.), $32,000,000; Guaranty Trust Co. (N. Y.), $30,000.000.
But far from impressive was the initial capital with which many a bank now counted as "biggest," opened its doors. The National City bank claimed but $800,000; Chase, $300,000; Bank of Italy, $150,000; Guaranty Trust, $100,000.
Exceptionally impressive, therefore, were figures made public last week by Joseph Wallace...
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