Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-30
Dsbis Due by IN. B1nt

Ds6s Due ~ h' b1nk.
Bills in Giro ulation.
Nett profits on hand.
Balances due TO banks in this state.
Balances due to banks in other states
All other moneys due which bear interest
Cash deposited and all other moneys due, sSelua. q
bills in circulation, profits on hand, balances due ~
banks, and money bearing interest.
Resources Of the Bsnk.
Specie on hand.
Real estate.
Bills OF other banks in this state.
Bills of banks in other states.
Balances due from banks In this state
Balances due from banks in other state"
Notes discounted on personal security.
Loans secured by pledges Of its own nocs
Loans secured by pledges Of other STOCK
Domestic exchange.
Foreign exchange
Bonds. III
Money invested in stock.
Suspended debt aId debt in suit.
Money Invested in every other way than Is sPee'af
the foregoing particulars.
Total resources Of the bank AI
Rate and amount Of the last dividend.
Amount Of reserved profits IT the date Oh INV i"'
dend.
The pcnslty attached to the third section |" si's'
each and every days neglect The seventh seetos p
vides that the banks which have suspended are roq'
10 accent the provisions OF the act before the ISL
newt under pens,iy OF a forfeiture Of the charter N
The inaugural address Of Governor Bigger states y
the ssv stem, of Indiana improvement embraces mn.
ferent works. the aggregas length iis9i miles, Oh
miles are fully completed. The amount o. h'he'
a.s a, all the lines, s. 1000 To finish the whole
reo,rc A. pre,,u, estimates an additional OF $iAf
600 Operations on all the works closed IN August
and most of the contracts surrender to the state
contractors paid in Treasury notes. No provision has
made for the pay ent OF the interest on the state ~
CURED for internal improvements. The yearly lh".
on the state debt is now 1895 ooo 10 meet wheh INC
has means TO the extent Of sisIo75 leaving s$4s''
be met by taxation or otherwise. Governor "'"'
his message admits this must take place sooner OF 90
but claims the distribution Of the public iana' NJ"
new Governor, Bigger, recommends the sS"e
Isi2. when he thinks the people will be oe"ei a''s
1t. He also claims the distribution OF the p"on' ~"
mean. of having interest This idea is re eehoe' 10
,hei,as,,.a states and harpei upon by the organs
.,ock ,obhs,s the New York American and others AZ
cv This delu.on about the public lands Is The mo-.
.ura With which stock jobbers and politicians ever sites
tod n, deceive the people The proceeds OF the pube
were specisily provided as fund for the pay msh Oh
n.,;onal debt The regular funded debt was dsenarI
in 1872 since that time the public lands have been %
sfcontention although the governmental" been ana
s in debt, The public debt now is f5oooooo, ana me
ceeds Of the public lands last were short oil $AV
By what then can the proceeds ofthe lands DC
verified from the object for which they specially
y,ded since the foundation Of the Government The
gumen, Of the spectators AMI pcltcisns is that taxa
Vii b. avoided by the distribution in the several sta
and at the time advocate high tarih to replace
funds distracted from the ofthe Federal Governm'
| Was their ever such absurdity as this paradox
the case Of ndiana she must now raise s4Sopoeo pay
sent indebtedness That Indebtedness must he lncfce
at least a. cooooe simply to preserve the works are
partly done. This at per cent will give an ada''0
interest ofsl5oooo yearly to be met making so~,o~
nualIy The cry is to distribute the rubc lands 10
IT, For the last four years the proceeds Of the psl
lands have averaged s4ooo,ooo annually For hve ye
10 come they cannot exceed this amount II indeed "
come up to H. because they viii hsvste compete wna
900 bought speculation in 1855, and ~A'cn
gradually coming iAto the market. nshey reseh ~