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When incor. Amount of ideor NAME

porated. porated capital.

Brought forward, .... $10,515,000 Bank of Utica,

1812

1,000,000 Bank of America,

1812 6,000,000 New-York Manufacturing Company, * 1812

700,000 City Bank of New York,

1812 2,000,000 Ontario Bank, ....

1813

500,000 Bank of Lansingburgh,

1813

200,000 Catskill Bank,...

1813

400,000 Bank of Orange County,..

1813

400,000 Mechanics' Bank increased, 1811,

500,000

22,215,000

Deduct for reduction of capital of Bank of America,

1813,

4,000,000

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Deduct for failure of Bank of Hudson in 1820, ...

25,405,000

300,000

Total in 1825,.... 825,105,000

* Phenix Bank.

| Greene County Bank.

Central Bank

In 1826, 1827 and 1828, no bank charters were passed. In 1829, the safety fund system was adopted, and the charters of sixteen old banks were rencwed under it, and the following new banks were chartered:

When incor. Amount of incorNAME.

porated. porated capital.

Brought forward, ..... $25,105,000 Canal Bank,

1829

300,000 Bank of Genesee,

1829

100,000 Bank of Ithaca,

1829

200,000 Lockport Bank,

1829

100,000 Merchants' and Mechanics' Bank,

1829

300,000 Merchants’ Exchange Bank,

1829

750,000 Bank of Monroe,

1829

300,000 National Bank, .....

1829

1,000,000 Ogdensburgh Bank,

1829

100,000 Wayne County Bank,

1829

100,000 Bank of Whitehall,.

1829

100,000 Butchers' and Drovers' Bank,

1830

300,000 Greenwich Bank,....

1830 200,000 Hudson River Bank,.

1830

100,000 Livingston County Bank,

1830.

100,000 Mechanics' and Traders' Bank,.

1830

200,000 Onondaga County Bank,..

1830

150,000 Otsego County Bank,....

1830

100,000 Bank of Poughkeepsie,

1830

100,000 Saratoga County Bank,

1830

100,000

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$29,805,000

Deduct for failures of the Plattsburgh, Colum

bia, Middle District, Washington and Warren, and Franklin Banks, $1,860,000; also, for reductions of capital in the National, Tradesmen's, Dry Dock, and City Banks, of $2,220,000, and failure of Greene County, $90,000,

3,620,000

And it leaves the capital in 1830,......

$26,185,000 In 1830, the capital employed in 29 Banks, which had then organized under the Safety Fund System, amounted to $6,294,600 The capital of six others, chartered under the new sytem, but not organized, ........

2,550,000 There were, at that time, twenty other Banks not

under the Safety Fund System, employing a capital of...

15,028,860

Total, ...... 823,873,460 Being less by $2,311,540, than the amount given in the preceding statement, made out from the acts of incorporation. This sum, therefore, being the difference between the nominal and real capital employed under the old system, is not carried forward;

but the incorporated capital at the commencement of 1831, is brought forward at.......

823,873,460 Bank of Buffalo,

1831

200,000 Broome County Bank,

1831

100,000 Chautauque County Bauk,

1831

100,000 Madison County Bank,....

1831

100,000 Montgomery County Bank,.

1831

100,000 Oswego Bank,...

1831

150,000 Tanners' Bank, .

1831

100,000 Ulster County Bank,

1831

100,000 Yates County Bank,

1831

100,000

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824,923,460

Deduct for reduction of capital of City Bank,

$530,000; Tradesmen's, $80,000; National, $250,000 ; and reduction, or error, in previous statement of Bank of America, $30,000,....

.

890,000

Leaves the incorporated capital in 1831, at. .....
Brooklyn Bank,....

1832 Essex County Bank,

1832 Hudson River, increased,

1832 Leather Manufac. Bank,

1832 Bank of Rome,...

1832 Salina Bank,

1832 Schenectady Bank,

1332 Steuben County Bank,

1832 Butchers' and Drovers', increased,

1833 Cayuga County Bank,

1833 Chemung Canal Bank,

1833 Herkimer County Bank,

1833 Lewis County Bank,

1833 Seneca County Bank,

1833 Seventh Ward Bank,

1833 Troy City Bank,..

1833 Westchester County Bank,

1833 Albany City Bank,.

1834 Commercial Bank of Buffalo,

1834 Commercial Bank of New York,

1834 Farmers' and Man. Bank,....

1834 Highland Bank,

1834 Lafayette Bank,.....

1834 Bank of Orleans,.

1834 Phenix Bank, increased,

1834 Sackett's Harbor Bank,

1834

824,033,460

200,000
100,000

50,000
600,000
100,000
150,000
150,000
150,000
200,000
250,000
200,000
200,000
100,000
200,000
500,000
300,000
200,000
500,000
400.000
500,000
300,000
200,000
500,000

200,000 1,000,000

200.000

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No. 103.

IN ASSEMBLY,

January 27, 1836.

COMMUNICATIONS

From certain insurance companies in the city of New

York, affected by the late fire, in answer to a resolution of the Assembly, adopted January 13, 1836, calling for certain information.

New-York, 22d Jan. 1836. P. REYNOLDS, Esq. Clerk, fc.

SIR-Complying with the resolution of Assembly of the 13th inst. the Franklin Fire Insurance Company was liable, under its policies, on the 18th Dec. last, (1835,) to the aggregate amount of about four and a half millions of dollars; about nine hundred thousand of which were on property within the burnt district, most of which was destroyed. Its capital was two hundred and fifty thousand dollars: chartered March 13, 1818, “to continue in force until the year eighteen hundred and thirty-six;" and extended, on the 10th of April last, to the 1st of January 1856; but in consequence of losses by the late fire its officers were unable to make the required affidavits for such extension.

Anticipating the resolution of Mr. Sibley adopted on Tuesday, I take leave to add, that this company has made dividends to its stockholders, for more than three years past, of 8 per cent per annum; and had, at the time of the late disaster, about 75,000 dollars of surplus, including unearned premiums, the returning of which will reduce that surplus about ten thousand dollars.

Respectfully.

J. WORTHINGTON, Late President. [Assem. No. 103.)

1

}

OFFICE OF THE AMERICAN FIRE INSURANCE
COMPANY OF THE CITY OF New-YORK,

New-York, 23d January, 1836. In pursuance of a resolution passed 13th January, 1836, by the honorable the Assembly of the State of New York, the said company hereby report as follows, to wit: Amount of capital, ...

$200,000. Charter dated 20th April, 1832, for thirty years, will

expire 20th April, 1862. 1835, Dec. 18. Liable on buildings and merchandize

destroyed by fire, as near as can at present be ascertained,

420,000 Amount insured on policies unexpired 18th Dec. 1835, including the above item of " destroyed by fire"... 3,264,000

DAVID AUG. CLARKSON, President.
JOHN EARL, Secretary.

Dividends declared and paid since the establishment of said com

pany. December, 1833,..

31 per cent. June, 1834,.

31 December, 1834, .....

31 June, 1835,....

3) December, 1834, ..

31 DAVID AUG. CLARKSON, President. JOHN EARL, Secretary.

Statement of the capital stock of the Phænix Fire Insurance Com

pany, doing business in the third ward of the city of New-York; the time of the expiration of its charter, and the aggregate amount for which the company was liable on the 18th day of December, 1835.

The company was chartered in March, 1823, for the term of 21 years, with a capital stock of.......

$250,000 This capital stock was reduced by an act of the Legislature in March, 1832, ..

50,000

Present capital,

$200,000

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