Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1837-07-31

to hand at last. Here 1t is i. the aggregate.
Resources 2 s9,Ni Y9rk ~ aiger n Conn Tssal
Dis bills notes, sss5ass l4oessl ls,issSi4 e2slssse
Real estat-, 95352l 3e8g46 4I7852 I76O3l9
Overdrafs 83,H5 l2U284 II8907 327,936
Bank fund.- e'' co. $685. Io4ssa 2ss s Sss
Notes Of other bks 3,ea29e5 924,sss $4,000 5,S6as5
Due , oh s sy eas 9saaa 1e
D xsS in 8 Is ss; SssSs ssss
Total S7,6O29a4 7,7aaaas ss4,s2s s7l77al
GseP ssA ss ss3ss ss;sss 7sssss
loans s nd 2 az 500 ss2e,6 asadss s5Sdoo
" ndvid. depos lO,oa,sso l7sS,lsi l,assaM i9ossiii
Due city banks. s4soeas oa7o5 42s'16s 4.G7o,is5
D. : other bks cor 62isd2o 2a2sA s5sss 9'ol1sa2
; SSs' ,a .. N! :. % i ssss sss
Total liabilities 57eo2s 44 7.7sssss 2s4l2s 7i77siI
In order ascertain the operations of these banks for the
month Of June becomes to institute comparison
between the the h ofJune and the LIST July
We take the five principal items OF the 9G banks.
p Bills an. Notes. s:ss - Deer ae,s7ss
Circulation, l494O,a98 l476s55o i76 $50
Profits 632o726 e4s2577 liner. io2s5i
You will perceive that dmnuon has taken place every
thing except the profits There increase of S0285 makes
It's appearance When all trade, all business stand STILL
the nneiysx New ork Banks realise profit
hundred thousand dollars! How! Why by the nonpay-
men of their debts This profit the pockets
great mass
The dmnuon of Depostes Discounts bears very close
proportion to the Of these items
to prove the truth of the position assumed by
SINCE that the greater part of deposes commonly
against the discounts received by the mercantile community
In estimating therefore the power banks to resume we
place the 6epotes offset against the discounts
he in ,ortr
showsn terms too plain be misunderstood the falling
of the business of the How much of this decline
on the city, the following comparison OF the condition of the
town banks ne lst of June July will inform you
Discounts sss r ss ;Ts Decrease, sss,s7s
Specie, 1,7ll,io9 I,7O9652 LIST
Circulation, 52ss,e5o 5,57i,so8 Increase, 2eo,s5s
Profits, s4s4,l59 s517'3iS Increase. ssses
With more than half the of discounts Of whole
batch OF banks the city pays up only fourth Of the
crease The river and country people sustain the remaining
heavy call upon them An agricultural community always
better prepared to the demand of lenders money!
whether banks brokers' than commercial community
the simple that the avors granted the smaller
and more IN proportion their capital accord
ed to the merchants 1.-THE banks would regulate favor
to dealers IN the same way they would justly than
they do now and they would run less risk Of loss
We call attention the increase among the CITY
banks shown in the last table On examining the Dc tails of
the report published by the Argus this sum O,
SoS58 partoned between the .henix the CONNER
cia banks la day shall good banks from
the bad, by Of their There was No ne
cessy to increase the circulation dollar month or
June. The time will when the banks employed in this
increase will find so.
While the country awaiting action Of Congress 10
make her corDorations honestly possible
the difference different states between paper
money and coin TO redeem IL with We suoin table Of The
ratios existing between the circulation and
OF twelve states