The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-01-17
MONEY MARKET.
Monday, Jan. 1916 r.

monday, Jan. 10-6 II. M.
The sales at the stock board not large to-day. In
some cases marked improvement in prices took place,
particularly Kentucky 6's, which 23per cent; New
York State 81 per cents, 1861 per cent; Ohio 6s per
cent.
Illinois bank bills decline daily The quotation now
80.
The Bank of kentucky has declared dividend of one
and half per cent for the last six months able
stockholders the of February the Bank
America in this city.
The Greenwich Savings Bank the usual semi. annual
dividend, payable ON demand.
The Bank of Poughkeepsie semi-annual dividend OF
four and half per cent pay able the LIST Of February
The Farmers and Manufacturers Bank of Poughkeep-
sic three per cent, payable the LIST of February.
The Bank of Virginia two per ess State bon ds)
payable on demand.
resolution passed the North Carolina House of Com
mons on the 7h instant yeas SO 6 accede to the
proposition of the individual stockholders made at their
late meeting for the adoption of such may
be necessary for closing the business of the Bank of North
Caroline and dividing the capital stock among the pro-
pretors thereof at early day consistent with the
security of the debts and reasonable indulgence to the
debtors of the bank" The resolution has yet receive
the action of the Senate. There is doubt whether
il will pass that body.
We stated some time that there is a strong dispos
ton among strictly business NOR ey
affairs rather with well known ndivid houses than
with Banks only because of the attac ed to
the latter but from the vexaons which dealers are
exposed Cases in point at the Unto Bank as well
as Others daily For instance, gentleman to this
city with produce from the south west hch he sold to
house Of the first standing, taking their notes for the
amounts these he endorsed and applied the Union Bank
for discount where precisely similar paper has been done
repeatedly before The paper rejected the ground
that the endorser "was not citizen" He then told
oonfdentiay by the Bank officer that the paper would
be done for him by broker in Hanover street The ap
pcan did not however go there and when this die
covered the bank chasing him in all direc.
tons to bring his paper back to the bank This is not
the emily case by many.
Now conduct in the last degree contemplate as
well iniuous the interest of the stockholders II
every bank keeps shaver in its employ how the
stockholders to know that they do not ultimately get
stuck with the bad paper through favorsm
The great revolution which has been going for a
years in banking will produce the beneficial effects
the industrious classes The country has been mpo.
verished and swnded almost evable extent
by small class Of bankers under the preence of facta
ting trade The wealthy State of Virginia has been
impoverished by this vainous system In bringing to
gether figures the results absolutely astonishing even
70 those who are in degree prepared for it, We will
look at the actual state of fairs In Virginia The fol
lowing is list of five banks with their capitals and tina,
other branches also the total number of Stockholders
BANK CAPITAL or VRoISIA AND ruS NuMs,R or srocx