Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-12-12


Loans, i5757.l2a li,ssns lbs
Circulation, 547I97 sG1SOei esi5.
Deposits 2,006.e6s $50 $50 i25,
This shows heavy falling off since the time OF s,
pension Oct 1899. The amount Of bills held by the ban
is S29s 2s7, which leaves actual circulation
only which is less than the Giro uation Of the Gcor
banks The majority Of these Institutions are, in all
liability able to sustain resumption, would be those
Georgia, were it not for vicious legislation While Gel
ga is taking this honorable to redeem her cred
ether states seem bent selfdesructsn. Among oth|
the Grand Jury for the District of East Florida have
sencd among other matters the present condition Of
banks in Florida. But three banks pretsndia
be in operation the Bank ofPensacoa, The Southern
and Trust Co., and the Union Bank all the others
become extinct. The bonds issued TO these banks are
scented null and void and the Legislature urged to
immediate measures to cancel them. This same shr
irg from responsibility is seen in the message Of Cover
Carlin, ofIllinos, whose message we have received
The Governor states that his object in convcning
Legislature at the present time is to provide
the of the interest which will fall due the
Monday IN January next, on the internal improveu
debt"
As to the ways and means to effect this no alterna
has been presented TO the mind Of the Governor
hypothecaton or sale Of the state bonds below par wi
cannot be done under existing laws but would be pre-
able to the loss Of honor tue rroson Of the cha
ter and credit Of the state"
the Indebtedness and resources Of the state
Total internal improvement debt, 5,345.0O
Total bank stock, 2,665,OO
Illinois and Mi chigan Canal debt, $4,000
Total amount Of debt account Of banksn
ternal inprov ements and canal, slI,eSoyco
To which may lie added for revenue pur-
poses, the following sums
Amount due schosl fund, 30
Amount due Bank of Illinois for advance
account of the state house, 1904
Amount due State Bank and for Auditors
warrants for current expenses, paid by
State Bonk. 1900
Bonds sold to the Poughkeepsie Locomotive
Engine Company, 1850
Liability acsount Of surplus revenue, a77,s
Total am oun. of liability, sls,sls.o
Deducting from the above amount 1885,
4i9 A. being the amount of surplus reve-
nue., and bonds sold which not paid
for-and the state pays interest upon, IL, 2o7,l
Annual interest thereon, 1874
Assuming that the resources OF the canal
and the bank dividends will furnish the
means to day hetntercst accruing on
their respective accounts for the n.xttwo
years. the sum left unprovided for on ac-
AnruaI inter-, 81 thereon 1855
The following unavailable debts are due to fhe
nal inprov emsnt fund for bonds sold, and are nclu
the above table OF Indebtedness but upon which ia
is not computed;
From John Deiafeld of New York 81
A. ii. Bangs * Co.
Bank of Commerce at Buffalo
CONNIE rcial Bank a, Buffalo
Erie County Bank
To which unavoidable resources may be added
acres OF land owned by the state
The follow ing resources OF the casal may be cons
ss unavailable at the present time;
Amount due pIiorto $50, from sale oil town .
lots, SC. f.i
Sales of land in June last
As relieffrom the numerous financial evils, he
ncnds borrowing, or increasing the bank capital
latteris novel mode OF paying the debt oil