The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-10-01
The above table shows tha for the six months ending

The above table shows that for the six months ending
October T. 9a5 the semi dividends were all above
three per cent several banks declaring and per cent
In October ls4 many of the banks declared but "a per
cent dividend and In instance only per cent The
banking capital of Boston but three hundred and
seventy thousand dollars larger than it in October
s43 The value of the capital according to the average
dividends for years. had decreased in October isi3,
from SIT to $40 AGO 972 considered six per
investment The dividends received by the twenty four
banks in Boston for the ten years to 1871 inclusive,
since they commenced paying dividends, indicate the
value Of their aggregate capital six per invest
ment, the which six per cent per annum has
been received to have been in October 1884, SI6 2s9
H. less than the par of SIT by the sum of SAL
10 49, and in October is4s, Sl6i6o972 81 which
less than the par by the of s649o27 49, having su
fered depreciation of S307 sl7 so in 1912 and lsl3
The capital of the "a banks in lsil and 1913 was ST.
10000, and the aggregate capital for ten years S7l
100000 The aggregate dvideAds for the ten years to
s4i indicate the value of a per cent investment
or the sum on which interest has been received have
been only Sl67 6S2s97 &c. less than the par by the
sum OF S34l7 lO2 81, or Ssi,7io % per annum. The
amount S347l02 81 was unproductive and the interest
thereon is S206026 IA in ten years. $40 500 per
mum, which has been a loss to stockholders.
The aggregate dividends for years lsl3 indicate
the value of the aggregate capital have been for
per cent investment, 600 1872 the
sum on which interest has been received less the
par by the of So 81 s6i9 OPT 73 per ann
which has been less to stockholders. The difference
between these two amounts 75 for ten years.
or SsO7s7 so per annum which last the depreciation
of the value of the capital SIT 600 Of the q banks in
Boston in 1912 and ls43 This difference or the depreci
alton in two years indicates loss of interest to stock
holders OF Sls4 80 in ten years 05 per
num- and amounts to 56h Of the whole capital l-55h
oil the value Of the capital in 1884, The whole depreca
on s6i9o27 70 amounts than 25th part of the
capital, Sl7 900.
Since lsi3 the capital invested in banking in Boston
has paid more than six per cent per The average
dividend declared pay able the 9th of Oct Is45 was
at the rate of 81 per cent the whole banking capital
of the city The increased business of Boston, without
corresponding increase the banking capital gives
that in existence more active employment This i'm
in the per cent interest paid by the banks will
raise such investments the minds the capitalists of
that section of the country and improve the value of the
stocks SO long the amount Of capital invested in that
business remains reduced but any increase in the pre.s
OF these institutions creates anxiety among capita
lists to get up banks increase the capitals of the
DID, and applications made at to the legislature
for additional banks and the old banks an addition
al capital In this way the banking capital of all the
principal cities becomes too large and the competition
for its employment expands the currency stimulates spe
culaon in the staple articles of commerce. and conse
queny deranges trade generally. The banking capital
OF Boston large enough to afford all the facilities the
merchants that cyor vicinity actually carry
their legitimate business for the ten years. no
matter what the increase may be- and by keeping down
the amount of capital the currency would every year
become valuable trade increased and we should
not hear of many of bankruptcy and the almost
instantaneous loss of immense fortunes. There would
be gradual increase in business but it would be
permanent and healthy there would be none of those
runous reactions that now sweep away SO many mer
camille houses whenever they come upon them.