The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-04-27

four hours mar he dsts Of thees rsurns - osu6
ton OF the banks bscons totally different from that
reported and twenty four hours before these returns
the banks occupy very Different positon than when
statements Il s only necessary to refer to the opsrs-
uons IN street to the prices Of fancy stocks before
and after quarter day. and to the extent Of ransactons
The broksSs probably feel these quarterly contrac
lions as much a. any other class but they have now
become 50 accustomed to thsm that they anticipate the
movement and regulate their operations accordingly
Tnere 10 usually difference Of at least one per cent
In the rate Of interest in Wall street. before and after
the return day Of the banks; and the immediate relief
experienced In the money market az soon a. these
reports are forwarded to the Comptroller is the best
evidence in the world Of the policy pursued by these
institutions.
we have repeatedly recommended the plan OF COM
Polling the banks to mako monthly average reports
such aystsm would do away with the periodical ex
psnsions and contractons runous to all cassss The
Committee on Banks, in the Assembly, have reported
bill requiring the banks Of this State to make quarterly
reports, with monthly averages, which would perhaps
answer every purpose; but this bill lays the table
with,we fear such Of other matter upon It, that il
win not be acted upon this session. In fact have
great doubts Of any measure not perfectly agreeable
every particular to these institutions being able to get
through both branches Of the Legislature, and II is
tanned repeal Of the law in operation, requiring
these quarterly reports They find these returns very
onerous and many of the banks pstonsd for the
reestablishment Of the old system Of bank
ers but they have not combined in opposition to the pre-
sent plan az thorough combination would almost en-.
sure its repeal.
One of the Wall street evening papers reported yes.
terday that the White Plains Bank had suspended pay
ment This 10 about clear mud and par with
all the statements made by the paper alluded to- and il
about AZ true and correct the Wall street papers gene
rally The White Plains Bank in active operation
and its condition IL sound any in the State. Its
issues based upon good State stocks deposited with
the Comptroller, and here il not the slightest founda
ton for the report Of Its suspension
The American Exchange Bank has declared dividend
of three per cent, payable on and after May lth.
The Passaic Turnpike Company has declared divi-
dend Of per cent out Of the earnngs payable at
the Peoples Bank At Paterson.
The State Bank at Camden has declared dividend Of
three and halfper cent, for the last six months.
The city Of Baltimore advertses for loan of
at Ave per cent.
The Governor Of Pennsylvania has signed bill grant
ing the schuykill Bank of Philadelphia, a right to
appeal from the decision of tbs Court of Common Pleas
in the matter Of the claim of the Bank ofKentucky.
This viii give to the Directors Of the Schuylkll Bank
an opportunity oftying the issue between them and the
Bank OF Kentucky before higher tribunal The object
OF this appeal to force the Bank Of Kentucky into
Compromise Of the demand by delaying the ultimate de-
ion as long possible. This 10 vain hope az we are
informed that the Bank of Kentucky will resist every at
temptto compromise Tho passage of the bill granting
tho right to appeal on par with many other acts Of
the Legislature OF Pennsylvania Fit required special
act of the Legislature to give the schuylkiIl Bank
another chance to desud the Bank Of Kentucky not
credabe to that body to grant such for such
purpose.
!The receipts Of the Reading Railroad Company, so far
this have been than double those Of last The
annexed comparative statement Of the business on this
road during one week in April for tho past three years.
shows increase in 1916 s45 of one hundred and
twenty i've per cent?