Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-12-03
$l.O5l,422,O9
1851 ,63l,72
$4,000 600

The millions of this stock for the rebuilding Of Charles
loaned individuals and the stock to be reim-
bursed from their mortgages 81 900 of this stock sold
at auction the 10Th instant and paid for in the old state
debt The capital Of the Bank Of Of South Carolina
is pledged redemption Of redeemabe in Ja
nuary next The dividends Of the bank have formed sinking
fund for the redemption and it amounts to $94s
which is amply sufficient.
The Bank excitement at ST. Louis has greatly subsidized The
Bulletin opposition paper advises the citizens to accede to
demand Of the bank that 10 per be paid in specie The
Bank adheres position but passed the following
solutions o the 10Th instant.
Buyers Of business notes, which have been discounted
them renewed for sixty days. BY paying one tenth Of
the amount due, aud The interest,"
ID This bank accommodate the Of notes sent to
this office from abroad for collection, will pay to mode rate
extent good bills of exchange upon New York Boston, and
New Orleans and limited anonnt upon the branches Of
this bank
bill has been introduced into the Tennessee legislature
amend the present law require the banks to dispose
Of all the issued the the
per cent and in effect TO convert the state bonds
authorised the act of s37s and not sod into sterling
bonds, redeenable principal and interest, in Europe
At the approaching session Of the Pennsy legislature
there will be great struggle the part of the banks
their fraudulent suspension recognized and the
part Of the dominant party to put them down. II has been
reported by friends of the u Bank that she would be
sustained in suspension consequence OF the great interest
the state her welfare. The views Of the govern
oil
lowing letter. addressed by the state the cashier
Of bank in the eastern part Of the state.
TRsAsuRxRs OFFICE Nov. 10, 1889.
Dear Sr-Encoied return check the Bank Of the
yned States being for the tar the amount OF dividend
declared by the bank Of which you officer.
have ciions receiving the check. The first is,
the suspension Of specie and 'econd the dividend
declared May will be required in specie See act OF 9th
January 1918 DHNI STURGEON, State Treas.
Ts- -, Esq, Cashier.
this letter perceive firm determination TO abide BY
the strict lecrof the law in regard bank SUSPENSIONS and
the u Bank paper dcounen anced by the state
ment notwithstanding the S. eooo surplus which certain
bought Philadelphia presses discovered il the Of figures
put forth by that institution statement Of its affairs
The position Of the suspended Penney banks is daily
becoming worse Specie daily arriving New York from
that city, while force Of her influence in cau,ns the
bank. of south and southwest TO suspend prevents her
bauks from replenishng it, large amount Of specie has
rome out BY British Queen meet the nscees Of the
baak there while the debts of merchants abroad paid
In The bills drawn against produce Of which there plentiful
supply.
the crops Of both the west and south
very large. the banks do appear
be available On the former suspension OF the banks OF the Uni
ted States estimated that three crops would be
necessary settle old affairs and II recommended the
banks earlier than that PERIOD because they
sumed they liable demand for specie from ABROAD
more su.peason would follow This urged in
tina view surplus crops alone to be depended
upon for settlement Of the foreign balance By TIE hspo
state stocks however, year suced to throw the
balance favor sf this country, and enable the New York
banks to lead resumption In the time, how
ever appeared United States Bank aud others had
realised little from their southern debts and could not
sumo for months ae and then only BY the aid Of foreign
loans The United States Bank at the time Obliged
10 Increase the indebtedness in the south by loans order
assist those in,ttuoas simultaneously which
finally effected Now anayse the assets Of those banks,
We will although the surplus crop would have had
agency sett ng the foregn balance would have but little
effect in settling loans Of the banks they made
specuao and spent in buying property that value
s and the property Of the farmers and planters will in
wise be agen' in their liquidation.
The following table Of the capital and circulation
r.