Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-29
From the Virginia banks we ha,
on the LIST Of February.
the folio wing returns:-



BASx VIRGINIA Dire. ssth. isic, AS COMPARED WITH
Resowress 1893 $50 Inc. De
RSs, estate 1850 sls.sl 1850
Stocks, 1851 ss5,o,s $3.50 -
sp.,i. 1 ,o1l.I,sss ssl ssss ls sss, n
Teliers deficiency. sas,ss. ssssst =
Due from basks, ls7.oss sso,2s5 s:se.s
Oh Oh balances at Richmond, ssiIs sssias
Sterling bills, is,sss i is,sI
s7isaass sSasSs
c,r,.aL s,s:7aso $50 $40 , .ss '7oI- .oa.
=. Z" belong ng to s.oekh. 4s2ass 4s2as
c irs%i.iicn, asisNa sesssas sssoss
Bss SsSf.' a'ao.l 1884 SSs,. w,, ~.'
s s.p%s' s ssssss '''',e '''e ass5,s
s77ss ass s77l,Q5,
FARMER. BASK VIRGINIA DC. isin, COMPARE yAr
,o,.. ieni..s Dse,sS r.e's'. D De, 3:
Sterling bills, us 1859 50 $3.50, s.ss5 ssss
Stocks, Sos,asa =
SPs,ss IF hank. 3s sas3, 49, sSss $50, '
R na'iH sts Ses ''" BANKS s sSisis ISL ''
cca1ri s,ss sss sssc /, ''.' sa.
coniirsent iii.so1 s,oSs 7sise
Surp US, s.ss2 =
DD, ". i. s. sa.s, icssss ''e'' lcssas
State loan, $4,000 5osAee
S6s32 Sc 6,5i6,gIo
Lmmediais IiaSiliiiss 'AAl'' ., .ar.ilsii. Means,
Due bsnis,' ISIS BsSfk n.es. isiss
DoFosi'o's, i7sis7s Due frs m banks, $3.50
Total. s1os5s9 Total. snses7
Excess of Liabilities. St2u
The Bank Of Virginia appears to be good deal shat
tered by the defacoons of its officers and has increased
its liabilities with diminished resources and SO far, pro-
misses but little for resumption In the returns appears
curious item, that of profit and loss belonging to the
stockholders distinguished from the regular profit and
loss account. This requires little explanation II tas
bank pay its debts opprehend all the surplus be-
longs the stockholders If it cannot they merely can
not claim any The Farmers Bank appears TO be in a
better condition than at the period ofthe former resump
ton. The Illinois Bank has resumed. The Indiana Bank
states its ability to do In Tennessee and Ken
lucky the profession is not backed by the bank re-
turns compared with their condition at the time Of sus
pension In every the ability to pay specie
different phase while all in the OF the
Bank Philadelphia 1t avowed that that institution
will the 18th January next according s law On
the 9th Of January however, the annual election of Off
takes place. and will this year be attended it'll
great excitement, and many developments will undoubt
eddy place particularly in regard the old specu-
ations of Mr. Biddls and the family 1t is ell under
stood that all the profits OLD ulaons peck
eted few vduals and all losses saddled upon
the bank in the ofhe Whites with the Manhat-
tan of this city II is expected that similar devs-
lopments will take place.
The New York American and other papers harp npoa
Examination had by the other banks its affairs. with
a view create confidence Such examinations are not
worth rush. They made with the intention to de-
The public mind has still before it the report Of
the examining committee Of the schuylkill Bank and the
examining committee Of the Manhattan Bank few weeks
before developments in each case of the dishonor-
able character. Events may transrire the election
which will give new face to the question Of specie pay
The United States Bank, it appears is drawing
sterling bills Morrison, der, Co.. of London This
of getting its paper circulation of the
market here the of resumption and the bills
will be provided for in London by arrangement be-
tween Mr. Jaudon and Morrison Co., pledge Of tho
securities carried by him. BY this means an indeb
edness the shape Of 900 900 OF bills pay able
mand will be transformed into loan in London, on
pledge Of stocks
This continued staving debts come to an end at
LAT, Those who have had walls from the bank must
somehow other pay up, and the longer is postponed
the likely those debts to within tho sweep
ola bankrupt law If such law should be passed like
that before Congress- for the sole purpose Of releasing
the desperate Spectators Of past from the results Of
their folly large class of persons by Of boaed
credit system got possession ofs great amour; ofpopery
the proceeds Of the labor of industry This they wasted
in mad speculaons and to be released from la
boring in return that property This they call
labong Others which they do net want do. The
moral effect of bankrupt law viii be to SPECTATORS,
what suspension laws TO the banks II removes
srant dmnshes the exercise even Of comaon prudence
in the ordinary dealings between and man, and
ooursges hazardous undertakings The protector argues
proposed hazardous Undertaking fails the loss al
though heavy, will not fall upon him. the law will
lease him future responsibility and lac may then,
neumbered again 90 in his business besowing not
thought upsn the ruin he has Wrought upon some third
person whose funds he hazsrded This will be the opera
ton ofthe nsolvent portion OF The bankrupt law, while
tina, portion which the creditor with powers 10
agans, debtors but be productive of
among that class whose debts grow the
binary losses trade and who might, unmoesed work
through and pay all.
sales at the stock Exchange
500 Indiana Bonds ho ~ 50 90 do ~
20 sha. ManhattsaB h W 20 90 N"k oofs D< -, ~
Is DO Do2k Oh $50 ~, ,sov 90 90 20 ~
80 IL Al $50
~ a. -,h We'd gk DO do bi2n III
Is 10 " Canal ~ 90 90 90 ~
81 n