Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-04-23

cd per cent Delaware Harlem Dry Dock Inc ONO
Commissioners the city, it understood TO Negotiate
th ATS 600 recently by the legislature Of that
state for completion Of the Wabash aud Erie canal
There many rumours aioat oil rauus IN many u'oP
tions Of stocks and at this time the pubic mhu
nothing which ranspres The Harlem haoao mas oeeh as
duous putting their operations all the city during
the past year. been stated repeatedly that receipts Tor fare
during the last year equal to the expenses ana interest on
the debt Now would ask the question: 1888 shares oil
o have not issued without the knowledge and consent
stockholders Have not 5000 of these shares been issued
at so Der part The dbto the in June last
was sS ,o,oS
The debt IS now - 'N'o,Oo
5 ess shares at $50 would be ............ S4isl5o
Now we would shares have been issued what has
been money? The number of shares previously
issued $4,000. This would make the; whole issues
The debts sSv BY the company arc a45ss
o..,..;,., .SiA4o,78s
This miles ofroad would average 5000 per e
The authorised capital of the company Is 81
and bill has lately passed the Senate, ana is now N @
iature authorsng further increase OF the capta OF
making in ALL. - F~''''
or 50 600 shares $50 each If this becomes law what pro-
liability there dividend will ever be declared The
charter granted 1891 for so years. and has now 2yeas TO
run have here asked can be answered in
the Affirmative that the interests oil the stock
holders have been shameuy sacrificed The directors
are liable to the stockholders for the par value
all the stock issued meeting should be Immediately called
and the gdly enqured INTO The supneness oil ose
interested in corporate associations Is truly ASTONISHING amer
the many recent discoveries
The sales Iowa Territory closed the
.h inst The receipts in silver, 5000
In gold, were. .........'. ooooo
Total liabilities. .......................$3 $4,000
This paid the Bank at Burlington, aud then remit
ted ST. Louis where the whole amount arrived on the 10th
inst in Brszipart of it Immediately for
waraed to New Orleans These sales indicate the quantity
of specie which has accumulated in the hands of duas
The bank currency Of the United States as great WHOLE
appear have varied in great degree during the
~ dan lx-t .a hanks anpea n
large the 1885, but the loans of the banks
have changed their character and much for the worse
illustrate this have taken table of the leading items oil
all banks the JAN Of each year, for four years as
follows -
BANKS IN THE UNITED STATES ,o,o
Capital paid in saso77 sso sal7sss
Loans and dsets 6265,99 4s5seS1 4s9 s5ss oss
S Sss estate IaSs4i iso5Ssi Ssoassa ae,isisis
8 Sae FROM othef Ss 5ssssS sss5s sas57 @
80 asssss ssssss sssssss
Circulation iisis5SsO nsiSs9O ls5i7Oss5 Ossss,57a
P Pses cssr banks 'ss s5ssa s Sas
In this table discover that the loans Of all kinds but
ssooooO less than in the Of great speculation 1897
follows:
Discounts 5ioa 5as g. aisi77
stocks Real Estate, SC 100000 s6OOOOOO 55oOo,OOo
Thus appears while the discounts Of the banks have de-
creased for commercial purposes upwards of ss2oooooo the
loans spectators stocks and mortgages have increased
guarly TO nearly the These and mort
cages received their values unde the influence of the bank
pansons prior 1887 and the holders not being able to realize
their values have hypothecated them the banks who being
the influence of the SPECTATORS have drawn $780, 600
commercial purposes and lent to embarrassed operators
The whole currency round numbers compared with
1887 the period Of greatest expansion, follows:
1888. 1899. 1870
Nett circulation llaOooOOO $1,000
Depesi,es i27OOOOoo $4,000 600 $4,000 900 760ooooe
Total Currency,
Specie in the banks, ssOoooO sOoOOoo 100000 soOoOoo
The circulation here given the amount after dedueting the
notes of other banks hand This displays reduction Of
3 per the currency with very little change in the spe.
Gle basis AS great whole the banks appear to have gone be-
hind hand very fast The following table Of the immediate
means and immediate liabilities in each year
Immediate Means. immediate LiabL Ercess LaJiL
1895. .i9 100000 26l,000O0o, l420Os 900
1859 . 1913 ...... .27s,OO0OG0. 100000
10 100000 .225 100000. .l47 900
appears by all these returns that the Indebtedness of the
public banks has been decreased but sSOOooOO while
the Indebtedness the banks the public expressed by
currency, has decreased 81 and has
of capital Sos The whole shows of
hopeless insolvency that requires the purifying operation Of
the bankrupt law TO reorganLe.
SpIcs ut tue stock Exchange.