CONDITION OF BANKS AND BANKING ASSOCIATIONS IN THE STATE OF NEW YORK. Loans and discounts except to directors and brokers... RESOURCES. Reports dated 21st All other liabilities absolute or contingent of directors 1,772,616 1,645,722 1,916,218 1,704,814 1,660,764 3,498,181 3,876,118 3,647,796 1,973,975 2,515,599 3,350,249 3,439,450 3,765,392 8,853,402 3,916,925 3,526,130 3,818,994 3,969,343 4,257,165 4,276,697 Due to others not included in either of the above heads. 1,337,816 1,430,604 299,962 1,638,385 358,129 1,461,598 442,509 1,566,064 The whole amount of circulating notes issued to associations and individual bankers, outstanding on the 1st day of December, 1851, was $15,671,004; for the redemption of which securities are deposited and held in trust by the Superintendent, amounting in the aggregate to $16,822,714 85, namely: Michigan 6 5 66 46 215,300 00 4,052,429 29 1,084,400 00 2,957,765 26 1,106,800 00 1,920,868 85 911,000 00 375,000 00 651,696 60 6,650 00 200,000 00 Cash in deposit, for stocks matured, and bonds and mortgages paid and banks closing business Total..... Total amount of securities held December 1st, 1850. Increase of securities for the year ending December 1st, 1851 Total amount of circulation December 1st, 1851... Increase of circulation for the year ending December 1st, 1851. 223,127 24 $16,822,714 85 14,823,087 56 $1,999,627 29 $15,671,004 00 14,203,115 00 $1,467,889 00 The following statement shows the names and location of such banks as have given notice of their intention to close their business; the greatest amount of circulation issued to said banks and the amount of circulation outstanding on the 1st day of December, 1851 : Five individual bankers, who have heretofore given notice of their intention to close their business, having complied with the provisions of section 8, of chapter 319, Laws of 1841, by redeeming 90 per cent of their circulation, have withdrawn the securities held in trust, and deposited an amount of money sufficient to redeem the balance of circulation outstanding. The following statement shows the amount of circulation unredeemed on the 1st day of December, 1851; the amount of money held in trust by the Superintendent; the date of the first notice to bill holders to present their notes for payment, and the time when such notice will expire : At the expiration of the above notices for two years, the securities held by the Superintendent in trust may be given up to the banker or association upon receiving a bond, with security, conditioned for the prompt payment of any unredeemed circulating notes of such banker or association, if presented within six years. INCORPORATED BANKS OF THE STATE OF NEW YORK. STATEMENT SHOWING THE NAMES AND LOCALITIES OF THE 71 INCORPORATED BANKS AND ONE BRANCH, OF THE STATE OF NEW YORK; THE AMOUNT OF CAPITAL AUTHORIZED BY LAW TO BE INVESTED; THE AMOUNT OF NOTES AUTHORIZED TO HAVE IN CIRCULATION, AND THE AMOUNT WHICH EACH BANK HAD IN CIRCULATION AND ON HAND ON THE 1ST DAY OF DECEMBER, 1851, AND THE YEARS WHEN THEIR CHARTERS WILL EXPIRE, RESPECTIVELY.-COMPILED FROM THE FIRST ANNUAL REPORT OF THE SUPERINTENDENT OF THE BANKING DEPARTMENT. Name of Bank and locality. Charter Bank of America, New York From the foregoing it will appear that the incorporated banks are entitled to have in circulation.... $21,764,370 And that they have in actual circulation and on hand. 19,862,602 Leaving their circulating notes less than the amount they are entitled to $1,901,768 The following table shows the number of banks whose charters will expire in each year from the 1st of January, 1852, to the 1st of January 1866, both inclusive; the amount of their respective capitals, (including State stock and canal revenue certificates,) the amount they are entitled to circulate, and the amount in actual circulation and on hand on the 1st December, 1851:— d Under act of 12th March, 1849, upon deposit of State stocks. et of 12th March, 1849, upon deposit of canal revenue certificates. The kinds and amounts of stocks held on the 1st December, 1851, for certain incorporated banks in trust to redeem circulating notes under the several acts mentioned below, are as follows: The following table shows the amount of circulating notes issued to seven safetyfund banks, (and not returned,) the charters of which have expired, and the date of the expiration of their respective charters. The aggregate amount of circulating notes issued to said banks and outstanding on the 1st day of December, 1851, was 1,555,507. A majority of the stockholders of six of these banks have formed associations under the provisions of chapter 313, Laws of 1849, and are transacting business under the provisions of that act: TABLE SHOWING THE TIME WHEN THE CHARTERS OF SUNDRY INCORPORATED BANKS EXPIRED, AND THE AMOUNT OF THEIR CIRCULATING NOTES OUTSTANDING AND NOT RETURNED TO THE BANK DEPARTMENT ON THE 1ST DAY OF DECEMBER, 1851. DISEASE PROPAGATED BY BANK-NOTES. Dr. THOMAS H. BUCKLER, who was for several years physician to the Baltimore Almshouse, has recently published a History of Epidemic Cholera. He says: Since the pressure of 1837, the banks in many of the States have issued several millions of one, two, and three dollar notes, the effect of which has been to drive silver out of circulation. The inmate of a smallpox hospital generally keeps what money he may chance to have about his person. If he wants a lemon, he sends a note saturated with the poison, and having perhaps the very sea-sick odor of the smallpox, to a confectioner, who takes it of course. On leaving the hospital, the convalescent from the loathsome disease pays some twelve or fifteen dollars board. Provisions are wanted for the other patients; and the notes are sent to market, where they are taken by town and country people, and may pass through twenty different hands in a single day. It would be impossible to conceive of any better mode of distributing the poison of a disease known to be so very contagious and infectious. It could hardly be worse if so many rags were distributed from the clothing of small-pox patients. |