Buffalo is blessed with splendid banking facilities. There are now
nineteen banks of deposit in the city with a total capital of nearly
five million dollars and a reserve of nearly eleven millions. Five new
banks have been started here since the spring of 1891. Our bankers are
cautious, conservative business men, and banking business in this city
has always been conducted on conservative lines. The solid financiers
who control these great barometers of our business life have never
invited disaster by loose, speculative methods. Like the arch in the
foundation wall of a massive structure, gaining strength from increased
weight, has been the prudence of our bankers, and to-day our banking
institutions rest upon secure foundation and are ready for the branching
out and growth that will come to them with the rapid increase in
industrial enterprises resulting from the world’s cheapest power.
Prudence has been the watchword of success in the past, and it will
continue as the governor in the greater transactions of the greater
future.