The New York herald., 1844-11-12

THESE returns show the condition of the banks at diff
ferent periods within the last fourteen years. with all the
changes that have taken place in that tme within which
the most exavagan speculaons have taken place. and
more thorough revolution experienced in commercial
affairs than before experienced in any country
The bank movement of ls4 will compare more iavora-
bly, with that Of 1880 than With any other period since
that time and Notwithstanding the very great increase
in the internal trade Of the country, find the limit.
ed movement Of the banks answers every purpose
OF trade and commerce. and the prosperity all classes
is permanently settled In other respects the year
1890 resembles 1874. 1t the second year nfter the
passage fthe high tariff OF ls2s and Immediately preced
ed very serious commercial embarrassment. It was
year in which the importaons only large but
showing increase those for the previous year of
nearly fifty per cent under tariff very similar to the
in existence In all these particulars 1880 compares
very well with the year 1874 far have gone and
is possible the movements of 1874 may lead to results
similar those which followed It very true we
have not United states Bank but not that
the State banks-knowing the chartering Of United
States Bank to be out Of the question not extend
their operations and lead the community into specuations
nearly not quite extensive those of 1896 and 37
Allowing the time to be required to produce
such imitation in every branch Of business as expe
rsnced in 1896, cannot expect a crises under six
years. bringing to 1850 The operations of our State
banks are, without doubt much reduced they
will be, and every must look for expansion.
These State institutions have undoubtedly erted very
powerful influence the late elections have thrown
their political power against the party favorable to n
United states Bank Having succeeded in placing such
institution out Of the question: the State Banks will
supply whatever want might have existed for such in.
stituton by extending their movements The inna
ton Credits and the currency and the enormous spec
ulaons Of 1885, 1885, and s7 produced much by
the State banks by the United States Bank by the
mendens and rapid increase in their loans and discounts
and all the other departments. The loans and discounts
nov amount to $3.50 the specie in hand to
the circulation STA s2s and the deposes $76
an extension sufficient to conduct all the business
Of the country and to afford every facility legitimate
commercial operations healthy and prosperous state
trade requires At present. there very little prospect
ofany very sudden or very rapid expansion but II is i'm
possible to tell how soon IT may come along We have
increase Of banking capital in some of the western
and south western States to fear more than any thing
else and there The Leg issture Of Ohio al M
present constituted, Is in favor Of very great ncrease
in the banking capital of the State II is very lmt
ted and from the attempts made in the lower house of the
lsgsatu last winter have doubt they will
this. The legislative bodies. during the last session.
were divided, now they are united the Wings having
majority in both Houses and the Executive, giving
them every facility necessary carry through and com
Pc.o "y sJ5'c Vi pnnkinB proposeo Inc Tce banking
system Of this State will probably be adopted conning
the deposits Of stock to that Of Ohio. This may create
demand for this stock and take out Of the market large
amounts but not sufficient to benefit the stock to any great
extent The banking capital Of Ohio may be increased
this winter twenty-five millions Of dollars Some reyoIu
ton in the banking capital Of that State required to do
away with many OF the evils and im,ositions under
which the people suffer, but increase in banking capi
tai to the extent above named soon lead to result,
as ruinous a, any previously realized in tho history
Of banking in that State. Indiana Illinois, Alabama
ana Mississippi may be induced to follow the example
sex py Ohio In the event Of which the country would
hooh oe again hled with currency similar to tina. oi
1896 and y7 We cannot put that trnst IL mar ho,dn