The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1848-02-05
Increase January, ls4S.

This shows an increase of little than thirty
eight per cent If this continues throughout this year
and we have doubt it will the extension, the gross
receipts for s4s will be about three hundred and sixty
thousand dollars.
The annual report of the Bowsry Savings Bank shows
that institution to be in very fourishing condition. and
the amount added to the dspostes during the past year
is the best evidence In the world of the prosperity OF the
lsborng classes and Is indicative Of the economy Of
those who make this bank place of deposte for their
surplus earnings The list Of professions and oceupa-
ons Of those having accounts with this institution Is
very interesting but space will not permit giving 1t
ut length The annexed statement exhibits the fnan
cia condition of the bank the 18th Of January s4s
BowKRY SAVINGS BANK, ls4s.
The funds Of the institution, on the first
day of January, ls47 amounted to. .S2079424 80
Add amount received from de-
positors during the year; 1904 7s5 "a
{" Int rec'd on bonds, stks,&c. 2A77 rs
Disc't on stocks purchased, 2,375 90
- s,6E 80
$s9ssO7a rs
Deduct amount paid to deposit
tors during the year. 1854 $50 o.
Deduct expenses paid during
Deduct premium: on stocks p BUR
chased, back interest," &c.. 3,l25 IS
s73, 964 l6
Total assets lst January, ls4s ..sa4SlOs g.
The funds invested in the following manner
unencumbered real estate in
the cities of New York and
Stock New York city, sao5iss '''''A''
New York State, 4454l3 l6
Ohio State 3sl 400
United States 295 900
Balance in Butchers and Dro-
T. Vers DanR. l62 oo2 40
--$2,4l5,l 1881 90
There have been received during the past year. from
l7l42 depositors $l094795 H. and paid out to lls5
damn ouviu ;u1 IF
S22ss5 TO- in the aggregate deposits of the bank and
increase of o93 in the number Of accounts or the
deposits within the past year there from 81 to S.,
81 497; from IS to $l0 $2002 from $40 to $20 $2949
from $40 to $50 $aaa2 from $50 to $4O 81 2l9 from
$40 to $50, 81 o09. Among the new depostors within
the past year. there 263 domescs Is miliners LAG
sesmstresses, 30 washsrwomen.
We learn that the amount Of private subscriptions to
the Nashville and Chattanooga railroad is 81 $780,,
OOO The board of directors sndeavorng to get the
Legislature to appropriate $500 oOo to enable the
pany to get subscriptions for from the cities
of New York and Charleston. A bill has passed the
Senate of the Tennessee legislature appropriating
$el4 the East Tennessee and Virginia railroad
100000 to the Nashville and Chattanooga railroad
and SOFA 900 to the Ohio and Mobile railroad This
looks very much like rapid increase of the debt of
that State and may lead to the most disastrous results
as regards the credit of the State.
The Legislature or tennessee nave under conBidera
ton bill authorizing General Banking Law, similar
to that in operation in this state The bill proposes to
make the business of banking free the conditions
prescribed in It. Should 1t be passed. any person.
ISOLATION Of persons will be authorised to open banking
house by FIRST depostng three fourths of the capital in
tended to be employed in the business in State
United States stocks funded debt bearing interest
Of not less than Eve per cents in the Office of the comp
troer Of the treasury transferred to the State be
held in trust for the redemption Of the orculaton and
by giving the comptroller satisfactory evidence that the
remaining fourth Of the capital Is deposited in the vaults
fhs bank aud put under the control of its managers
Having complied with these terms the comptroller is
cause the circulating notes to be printed and, after
ountersigning them, and numbering and registering
them 10 book of his Office, is to deliver them to the
banking association by whose president they to be
signed, after which they may be circulated The
amount to be issued to the banker is in to
coed the amount of the State bonds deposited with the
comptroller who forfes his office if he violates this pro-