Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-22
THE BANK OF TIE UNITED STATES.

months il has Leen engaged in closing It's concerns, ana
in short time will complete the operation Its progress
;II i've Germ hv the following statement Of its business
during the sem-annual pcriod cnuihs on I'e s' Vi D
Gerber. ., -,
On the frs. of June last its connexions with the COM
muntv consisted of Of debts and other depend
c,cies amounting TO about one hundred and sixty mil
lions of dollars. -,
The object was to close these with the least possible
Inconvenience to tho community or injury 10 individuals
and without drranging any branch OF the national m
duslry Accordingly during the last six months the fol-
lowing changes have been made in its principal relations:
1o,,, Il q !%R s t. s s! ;: p.,5:pf;
Bills Of Exchange aiI3 i Z F;s % SSIS = =
D pJs'%i lss5s.s g 5Ml@2s e G,g57a9 g;
6ss': is's.. .ns :s5 5s IS i 81 ss555
The results are
Is That the loans arc higher now than they six
I'd. That the circulation is higher than it was six
months ago
While thus maintaining lis loans and its circulation,
the wndinr up of the Bank has gone steadily on by
changing not so much the amount as INC cha[acer OF
the loans Wherever the Bank could do il safely and
without too great sacrifice the debts have been sold III
large misses long credits Of one to four years. so as
to Ins the IL. " debtors In this way the
Bank has disposed OF It's debts at Tic following
Portland, ST. Louis,
Portsmouth,, Natchez,
Providence, New Orleans,
Buffalo, Mobile,
Pittsburgh, Charleston,
Lexington, Fayetteville,
Louisville Baltimore, and the Agency,
Cincinnati. at Chilicothe, Ii,
And has closed, without sale the branches at Bur
Engton, Hartford, Utica, Norfolk and Washing
ton, ................. ''.'. ~
Making twcnty.one out of the tweny-seyen branches
and agencies which closed or sold. There remain
New York. Nashville, and the Real Estate
Richmond, agency at Cincinnati.
The total amount of sales has been, $l4,Oo1:ls6 50
OF which paid, in cash, about l,Ooo,0Oo w
And the remainder credit, at various rates OF lnte
rest but considering the cash equivalent TO SIX per
cent the fourteen millions Of debts have been sold AT
average Of within small fraction Of five and orc
half per cent
What is very satisfactory is that in many Of the trans
fcrs to the new Banks their officers have been selected
from the Bank Of the United States, making thus re-
firing provision for thcm in addition to six months sala
ry, and inspiring great confidence in the good manage
mcnl of the institutions.
Tic winding up of the Bank has taken this course
Isl 1t has obligations for debts and banking houses
sold, amounting to ............. Sl3,U3' :ooo 60
I'd II has loans stocks to the amount .
of NEUTRALITY-SUSPICIOUS.. ii ,2cS,Ol6 IA
S2l 325.7l2 81
Making an actual investment of funds to tic amount oil
twenty -four millions, average rate of between five
and half and six Ecr cent, being much OF the caP
tai of the Bank realized in that form.
These various arrangements leave tho Bank III the lo
lowing condition. lis means are: ,o
lis remaining loans, ............. Sl4olO:I4o ~
Bills of Exchange, ............... l9:'ol 90 w
FOREIGN Funds ............ 2I2272 81
Specie ................... ....... c,ti2"'-o ~
Notes and debts (currcnU of other Banks 4,33J24 %
Banking Houses, .................. i,oIo;rSi 60
Real Estate OBSERVATION-DISCLOSURES. 1,G9l ,I5G G3
1878, l69 o.
The claims upon it
Notes in circulation, S22,li5.'OS w
Dcposites, 5,342o33 "a .