New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1845-05-03
7,Os9, 829 IS, 5,6l3 5,7l2,07 2i,2s5 ,Oa5

Tradesmens... 96s207 ls6.j67---- 962,5l4 l6033J
37s9I .453 5,sIo99i 3G,477,O6l 5.4O3,5i7
The result stands follows:
Nav February.
Loans and Discounts S37, .453 S3647IO6l
Circulation. 5siS,9H 5,fo334i
soesle ..... 7,089s29 5.722074
peposIt. ......... rs, 1858 2l.2s5n35
This shows Il general extension Of the Banks since Feb
ruary the loans being abou million and half larger the
circulation four hundred thousand the specie thirteen hun
tred thousand and the Deposits about four millions larger
This last increase probably in part to be ascbed to the
Increased amount OF Government Deposits. At the time
s,h last report large amount of public debt lind Just
been paid off, which had drawn the repositories down to
low point The Increase of loans is not large and we have
reason TO believe is TO supply the legitimate wants Il trade
and not to encourage and maintain stock spccua,ons
The increased OF specie Is gratifying feature, and
shows that drain from this point has ceased Wehave
been for time past that more specie was COM
ing In than going out but We did not suppose the Banks
hell quito so much. The specie of the Merchants En-
change Bank which Is not included above, will probably
raise tho amount 10 seven and quarter millions On the
whole the reports look and shows the City Banks
10 be in strong position. 1t mustbe noticed that the cir
r,on GIVEN above Is the apparent circulation only, on
the LIST inst least twenty-five per cent OF the amount
was Banks and was returned the next morning 70
the su ne Banks. The actual circulation IN the hahos o
the public is about Sa,S0oOoO.
The bill which has been brought in by the Senate
Committee on Banks and Banking for the suppressng of
the individual portion the FREQ Banks provides that
when this Comptroller shall be satisfied that these Banks
are not doing regular banking business In tho way of lend
ing money dlscountng paper mt The place where me
bank Is located and that they are conducted chcy LOT inc
purpose of circulating notes. that he shall proceed 10 sell
the securities OF the said banks and wind them up II also
prcyde that DO new bank shall be established the eomp
oer thinks they TO DO used chiefly as banks oil citc
aion
Those per,ops whe have established the Banks which
have been wound up. are hereafter restrained from ooS
business under the Free Act THIS hill Is said TO be the
nt proiuc; of Era-tas Corning President OF the Albany
City Eank aud hodor in large number OF the Coun
try chart, red Ranks and Sherman Cashier OF one
Of the Banks In which Mr.. Corning is stakeholder IL
Is In fact personal bill and should be called OIL '''
tie relief Of Erssus Corning and other oahhoiS' '
massage OF the Free Banking law ana inc ia'"r Win "''
The circulation under has been received by 'he pubic W
Wv ,rch o,rcumscribed the amount OF circulation which
thu Safety Fund Banks have been able to Keep ont the
former being perfectly safe by securities In the Cohpu
srs hands, has remained with the public whe the a'ef
ma, been continually sent Consequently since the
of the act the banks have exsrted them
selves to procure Its repeal and openly declared at
Albany this winter that TO be made until the re-
neal was effected The most deadly enemy OF this truly
democratic system OF Banking has been Erasus Corning
and by his position Chairman OF the Committee on
Ranks he has been enabled do much 10 cripple and en-
the operations OF those Banks which arc driving o
the circulation Banks by giving the people better one
This la,, blow which Intended TO be eficcuM IN WIND
Ing IN about dozen Of what called individual BanSs
that H. those which dc small business In the way OIL ds
counting and deposits but keep mp CONSIDERABLE he OF
eirclatoI-i doubt be followed, should THIS De sue
os,,nl by other amendments the Free Act. until the
people will eventually be deprived OF the best banks note
circulation the State had and the field be lei again
exclusively In the hands Of the monopoly Bankers for
whose notes the public have guarantee but the SAFETY
Fund which cannot meet even the present claims
upon i, until 1885. The Report which accompn'es
the hi, SAWS II will readily be perceived
that the circulation OF these Banks which do lend money
absolutely takes the business community banking Ia
oss 10 the exten; OF their circulation We think This
will no, be so obvious 10 others the
sp,cs OF the Irregular bankers who made the report
Rat ny nm oversight the whole motive OF this report and
hill hsx heen allowed 20 peep out in OF the paragraphs
TIC regular banker Mr. Cornins says The forced CIR
ensos which they maintain dispaecs the circulation OF
ina r.cu,r hanks of discount And here is the whole Of
fence Of the Free Banks and this has Kept the Whole PACK
bankers in the Assembly at war upon the act
since It's enactment; adding restrictions every session
hoping to render It unessihe The report ENDS ey oehou
cling these INKS "a scriousp public evil the
had stated evil instead OF conanins se 10
wholesale statements the report would have been more
s,,.f.ctory These Banks instead OF being an ev are
useful 10 ,he communities In which they are located. Al
any Of them tcpostes be made discounts TO some eN
tent be obtained and drafts NcwYork This Latter Is
great ccnvcs.ncc. The Suffolk County Bank which is
one of those denounced docs large buueSs in ihis
way Certainly no jus, law es made which VIII
a,,..e 10 Rank how large Its discount line shall be-
Ar any law force deposites into Rank, and yer
,hs,. raruI,r bankers" would have II SO. \ Gios'
r,rrops feature OF This bill that amer the Ranks ne
% mn nv the Comptroller. the owners OF the Banks are
forever restrained from doing business under the Free w-
Thus far pursuing legal banking oIsineas every s'sp u
which wa, nrder .he sanction OF the Comptroller ana ss
c,us TO law ofthe State. the persons pursuing ms o-
,pe,, are ,ftspehsed OF right enjoyed by other eSSs'
Thls, the ,upcrrne Democracy Of CorninS democrats
gu, have the committee duly weighed the immense power
thew are by this bill placing in hs hands OF one man N''
Nlchcla, Bade In the ralni'cs: days OF the < .
had wleldod such financial power as the Comp'Fone "
this bill he can regulate the whole banking ih'siss'
Of the State under hs Free System IL Is eft entirely 10 MS
d,ee,oa 10 wind up every Free Bank and be can dictate 10
them much shall. be- and how mnch business
they ,a under the peaalty Of winding up Ihs h''
safe power give any There such arbitrary az
ture the chartered banks which can Issue ho's %
large without security or any link as 70 now
much business they shall do while the Free Banks which
depos,e dollar for dollar with tina Comptroller arc Al
lacked every session by the dnteestsd chartered
We tbs Lssalaurs will tbs motive Of these attacks