The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1837-11-10
DoINGs OF BANKS.


with every prospect Of full attendance.
In addition to the statement made in our
last, we may add that the Bank of the Me-
tropolis, of this city, and the Union Bank Of
Maryland, and several other banks in the
vicinity have taken measures to be represent
ed in the Convention.
The Franklin Bank Of Columbus, Ohio, has
answered the New York Circular, stating
that the proposed Convention meets their en-
tire appreciation. The President says:
This bank is no,c and will continue in capacity to
redeem its in specie, and win do whenever the
general interest Of the community shall demand it, Il
has been and is, our intention to resume with the prn-
cipal banks on the board. With view, heweyer,
Of again commencing business in the regular way
simultaneously with other institutions in this State,
might defer the time few weeks after certain advice
reached US OF the resumption OF specie payments 10 the
order in which the banks suspended. Whether dele
gate may be appointed by the banks of this State to
meet in your convention or not, am inclined to the
opinion that great majority, if ALL of them enter
tain sentiments similar TO those above expressed"
Mr.. Whit,lcsey, Of Ohio. declared in the House of
Representatives, the 9th inst, that there
more solvent banks in any part Of the United States,
than those Of Ohio They sound at this moment
as they ever were. Let the Ne1 York banks resume
specie payments ,ohen they iciu, the banks Of Ohio ,c
oliop su One Of the largest banks in the State Chat
of Dayton,) is now,paying specie
We earnestly hope that time may be agreed upon
The simple annunciation Of any such agreement, would
tend much TO create that very confidence which must
exist before the resumption be brought about any
general extent. The banks Of Ohio il their monthly
reports be correct, stand ready follow the eastern
lead at any time But full time should be given for the
rpening or the proposed measure. relapse would be
death to the patient. OHIO STATE Journal.
OF the Virginia Banks, the Richmond Enquirer
says
g We understand from authority in which we
place reliance that they would resume specie pay
ments by the 10Th of February"
The last reports from the five Virginia Banks
showed that they had 81 ,57S in specie and cir
culaton Of ss6, l56,307.
The Warren (Pa.) Bulletin says of the Lumber
mems Bank
"Unquestionably this institution is entitled to as
much confidence from the people any bank in this
State, and we have no doubt of its perfect solven-
cy."
The Farmers s. Mechanics Bank Of Philadelphia,
pays specie in change for paris of dollar.
RHoDE ISLAND BANKs.--The Bank Commissioners
have applied for INDUCTION against the Central hank
The Providence Courier says there is no danger Of the
public loosing upon their bills.
In the Of the Merchants hank. the Commission
withdrew their application for Injunction at the
request Of the bank the circulation having been reduced
in a few weeks, nearly 100000 On the It'll Octo-
Der it had only $59072 in bills out and had $2s749
SO ia specie With capital Of $500 000 its discounts
amounted to S72O 900 20 due TO other banks, 1884,
sos &c. and to depostors Sl3s,57l So. 1t had bills
Of o;her banks on hand $60,069 and there was due
to it from other banks $72, 225-Middletopa (Conn)
Centincl.
From the Southern Banner
BY the annexed statement of the affairs of the
different banks in Georgia, it will be that they
have specie on hand TO an amount nearly equal to
their notes in circulation and in all respects in
the most sound condition We believe that no insti-
tutions of similar character can any where be
found whose affairs have been so prudently ma nag
ed as have those Of the banks of Georgia, and but
for the over issues Of Northern banks and the
sequent derahgement of monied affairs, by which
specie has become an article of merchandise instead
of measure of value no suspension OF specie pay
mens could have occurred here As il is we hope
to see the banks of State taking the lead in an
early resumption. The people are anxiously looking
for the time when bank note shall be equivalent
SPECIE and that time must arrive, or those who
who put forth irredeemabe paper will sensbly feel
the outpourings Of their Indignation.
Consolidated statement of the condition of all the
Banks in the State of Georgia, except the Darien
Bank, and Bank of Rome, as reported to the Con-
rention in llHliedgeriiie, Sept. 4th, 1887.
The Banks owe the people for notes
They owe 10 other Banks (bllances)... 96l63s 81
They owe to the United States for
surplus revenue. ..... ........ 330,Sl7 SO
They owe to individuals for deposites l6ll 525 %
They owe on suspense accounts.... 35,349 "
They have surplus as follows:
Capital stock. IL ,40s,6SS o.
Undivided nett profits SeO,39l 6S
called for .......... 1850 67-l2, 800, $50 80
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