New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-01-14
.s20EiQ5


The expenditures for all construction
salaries &c. s73s02 62. Expenses Of l3i3 1888 IL Inter
5000 81 Contingent expenses s2,'3J 10 Once e%
s99 % Total si3l IL 1O-leayins net increase Of
SO i9 So OF which paid dividend on l5.35
shares sic0j, and the Norwich City Loan due IN Sts :2
CO., leaving surplus OF sli5S3 %. There has been within
the year IS los 20 expended permanent improvements TIE
opening the Road from Worcester 10 Nassau which there's
hope will be commenced Spring, wall connect
lie Norwich with the Fhchbug. Concord & Lowell Roads,
and add largely business Much Of the prosperity Of the
Norwich * Worcester ascIibed the completion oil tho
tension road.
The Bank bill has at l~ngth been reported in The
Ohio Senate eve may well say al length. since it occu.
p nine columns ufhe Ohio S,etean) II report
ed by Mr. Kelley. AID majority BILL Mr. Miller dissenting
The bill altogether too long for give sbs'rac.
continuing all lis provisions. It IS kind OF asuna'ed
Banking scheme combining the Safety Fund and Fee Bank
ing systems Il provides und'I numbcrles ierons for the
establishment Branches of the State Bank Of ohio. with
Board oil Control nj Columbus and cty Fand IN the an"s
oc Board Of Control made of ten per cent on the c!rcrla
ton othe Branches SAID Safety Fund 20 he either money or
stocks |, also provides for the establishment OF Banks
under he Free System the issues 10 lie on United Stae md
OHIO stocks tn, ydue IN NeI OK ;o four weeks,
par being Thirty per cent of specie or lis equ
nent required both The present Banks OF Uhio
an! those whose chatter, have out provided io; bong
allowed become Branches of the Stnte ank by complying
provisions of The Act. Each Bank must consist OF L,
s;ockhoder aud the capital of the Branch to be not
less ,e S0Je0O and Ut the Free Banks not les than ,l
The circulation allowed the Branches from twice the
capital $50 G0 Branch 10 and duarer the capital
100 Brunch The circulation Of the Free Companies
may be three tine capital The notes of the Branches
delivered TO them by the Board Of Control beng signed by the
President and the OF the Free Banks By the Treasurer
OF the State Geposte OF securities The Boa'd OF Control
has rfcnt powers supervision the Branches and
dictate the of lonns they may make hu; the Free
Banss are entirely independent, OF it. Sight depose N the
Ems, be considered gold ard silver. The circulation Is
restricted both Gesc pons o! Banks 10 IS Is is u.s. 0
sos and 0 md no; than twenty per cent OF the ccua
ton can be in under dollars and than forty per
cent IN notes under IL dollars This restriction the denom
uLce against small bills. The people want small bits Tor
hund.to.hand currency, ard the interior Banks
small notes TO keep up profitable circulation And with
Guilty in the Treasurer hands. there why they
should their Judgment the denomination Of
their i,,ucs There also absurd requirement that the III
recrs shu have lived Ohio for preceding. thus
keeping foreign capital As The bill stands, should be
caled Bill for the Prevention OF Banking Ohio but
With few amendments the Free portion of would work
we'll The State Bank portion 1t useless TO waste time upon.
Probably no one would bank under it. if passed.
Hon. job Mann, Treasurer Of P-nnsvlveria, states
IN his cpy to question OF the Legislature that the estimated
amount in the Treasury of that State the August
,eres, IS So, 2225 %.
The estimated revenue Of the fiscal year ending on
the Goth November. lSi5 $3t05,WO W. OF
this thirds To lSt August next. 2335 81
Estimated expenditures for the fiscal
year, exclusive OF interest funded
deb, md certificates for interest, Is 81,
053 74o-two thirds o this s.......... 500 423 g
Estimated revenue for December and
| january, over expend'luIesto be ap
s..c IL February IN crest 49,. rs Iii %
For cancellation up 10 lst August If
Continued iuV,Uv W -. -
| -- 1.04l, los %