The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-04-13

The value Of merchandise imported into Philadelphia
for the first quarter this yssr exceeds that for the ccr
responding period last does In almost every other
port In the counry but the value Of exports from Pha
dslpAa corre,pcnds better with that for the pc
rod last year. than at any other port Of Importance on
the Atlantic coast The aggregate value of imports into
Philadelphia for the past quarter will not compare very
favorably with weeks business at this port. The
foreign trade Of Phladslphia limited, compared with
this city, and Is smaller than that of Boston.
The receipts of tho Fitchburg Railroad Company for
the first qusrter Of lsas, show increase the cor
responding quarter In ls47 Of between thirty ana forty
thousand dollars This has been from the start ten
Ter cent dividend paying stock and II its income CONT
nues increase at this rato 1t will be the most produc
tlvs investment In the country.
The Legislature Of this State have during the present
session. had under consideration several banking
systems mono Of which likely to be adopted Instead
of making such alte atoms and notifications in the pre-
sentl as events have recently pointed out
~ new bills have been introduced revolutionizng the
entire sysem and establishing the currency entirely
upon basis. There sppears to be disposition In
all our legislative bodies to be continually nkeripg the
banking systems and about Of the members
know about the principles Of banking than they
do of astronomy, and the result is continual state Of
uncertainty Some time since the Committee on Banks
in the Legislature of this State reported bill for the bet
tor regulation the circulation Of the safety fund banks
II proposed that the circulation Of each should not
coed the capital than ty thousand dollars. The
annexed calculation will exhibit the operation Of the
BILL II adopted, upon the safety fund banks out Of the
city:
The aggregate capital amounts to $2 sac 500 and they
ere allowed aggregate circulation by the law Of May
susd yery in proportion to capital 80 Of
these banks whose aggregate capital amounts to $500
600 permitted to msue circulation to The .mcunt Of
vhoes agg repats capitals amount to 81 COO ara al
loved to s.us 100 per cent per capital .sy 81 600 ooo
and B banks whore aggregate capitals amount to So 49,
Geo are SLOWED issue about ~ per cens on csIta or
81 775 900
whose capitals range from 500 900 to Sl6s 000 and
which issued notes to the aggregate smount o.
viii be permitted to norsss; tie amount csUts, Of
SIS Gao 00o will be permitted TO increase the smount
$3.50 50 $50 ooO Making their average circulation
las Der cent on capital and the rema,pg eighteen
BAHIA Who's. osptes range from s240 900 to 5000 goo
and which are permit, to issue - 40 o0o VIII Do
permitted to increate heir aggregate Sa'S'o''-
The 10 banks having each capital Of 5000 900 and
issuing 100 per cent on capital or saoSVvoo on ,se
gate eli oustion OF the 81 banks. .Sio sss ooV
The circulation Of the law CT 1887. 49,. IL lioooo
Asgr.sste increase proposed ...... $3s7t 600
If the circulation "a m AIDE squslt to capital
n will stand thus. viz: the IL banks referred
TO are now allowed to issue notes In the az
sr ony eighteen banks win b: allowed to e..
tend their circulation beyond what 1t now IL,
in all. -. ................... $i,444,600
From this subtract the reduction Of the 80
banks whose circulation exceeds their
capital by. ................... l,aOO0o0
Masking an actual increase of tho circu lation
Of those 81 banks of only. sag 600
10 thus seen that In the event of the banks ia
creating their circulation to the extent authorised by
the bill alluded to, the aggregate increase will only
amount to two hundred and twenty four thousand six