The New York herald., 1845-01-07
Pisxr,ELn BANK. New JERSEY. DEc, q, Is44.
4l5O,l98

statement oDlrHed 70 Dy van,
sworn to by Ashel Beach, Cashier. and certified to by
committee three According to the report Of this ins
tuSan published January appears that at that time
theoans amounted to specie $ls042 circulation
$p7s7s, and deposits to s21,7s9 Some little time after
that report made the Legislature of New Jersey a
pointed commissioners upon certain representations
made that body-to examine the affairs of this bank
and report accordingly After great lapse time these
commissioners reported and their report showed circu
lation Of $4i,o6 with specie hand amounting to
SAL o6s precisely that Of the circulation. This
staten showed bank had been put order for
the investigation. and It's condition improved We fnd
here increase in the specie Of and decrease
in the circulation Of 500 90, in very short time Iais
report the Legislature calmed the fears Of the pubc
which taken advantage Of and issues rapidly put in
to circulation that in few months according to the
report the bank the circulation has been increased
hundred per cent and the specie in vault has fallen from
SAL 0ss to o94 This shows avery great expansion
and depreciation in the value Of M circulation but true
and statement Of its affairs would present In
nation that would alarm every holding any Of s pro-
misses to pay We know that the financial operations Of
those interested in this Plainhed Bank, have recently
been ofsuch nature to require large emissions Of its
bills and the appearance of these bills in the market has
produced the excitement before alluded to- To oet the
effect Of this excitement the credit of the bank
deeply interested in Its prosperity has published
the following notice.
THE PlAIsrlELD BArx.-A malicious rnmor relative to
this institution. every word Of which IL falso circr
lated the close OF last week BY envious print this
city The PlainHeld Bank 10 managed by the best in
New Jersey, and these repeated 0ackswhie inhcting
ious injury upon hundreds Of industrious people, and
retardns the business Of many worthy persons engaged
character Of lie and prove the entire soundness
OF the Bank
States. aud at all times redeems notes promptly in gold
silver Its bills redeemed in this CITY, tens and up
wards at par ves and under at the rate Of New York
state money. being one half OF one per cent We hold
ourselves individually responsible for the puDctual
dempicn In specie Of every dollar has IN circulation at
these rates, at our counter, on demand.
The responsibility Of this person 10 a question upon
whchthe public require all the information possible be
obtained. 1t Is generally known that he II rated in the
list Of "Wca!hy Chizens"t 10 be worth S9so 0o0 How
true that may be, not capable Of judging but
appears there are these who question this very much
ard who array facts to confirm their assertions We an
mex . statement, taken from "Thompsons Blnk Note
Reporter" which bears upon ts face very official sp
psAance Tho facts here given be seen on refer
ence to the authorities named et any time.
The PLAIrrIELp BANK--THE LGH,an CourrY BArx--
MssEs Y BsAcHs CONNECTION wirH THESE ISsrrru-
rrors.
Mr.. EpiroA-TEe other day | accidentally heard
conversation in Wall street relative to the above named
banks, and ths probability OF their ultimately bursting
up when Of the party stated tnat Beachs real
tate alone in this city, worth enough to redeem the
issues Of those banks combined aud was, therefore,
guaranteed agans such cafastrophe.s Being curious in
such Matters yesterday took stroll into the Record
once to examine what real estate Beach held that could
Ds wor so largo amount here send the result
o. my ahors, and IL have omitted any thing, made
IN error beg the gentleman himself will cor cct me
sm--I me building occupied as the Sun Office cone,
OF Ssss and Fulton streets estimated to be worth with
he ground aa BY iso feep $4,000 The has three
mosis arcs upon II, as fsllows:-
snos 1oi,ns, .,, mortgage. .sa3s57 10
spnn ~ whInms' mortgage, second. lbOOO 90
Northampton Bank, mortgage, third. 1000 90
Total amount eaA "a, ,e
Its therefore, orth $4,000 less than ibesr mortgage.
sccciding to my estimate.