The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1849-07-18

Dividend Of cent Tor July, les. LSOo0 %
Balance carried 10 credit pront and loss go $500 Us
The aggregate movement has been increased by the
addition Of the assets received from the sehuykill
Bank, and sssignees OF ii. J. Lewis amounting to
5000 600; but the movement In the leading depart
ments has not varied much within the past six months
The circulation has fallen on In proportion than
the specie hand, while tho deposits have been in
creased Bank returns from all parts 81 the country
show very great increase In the deposits which We
attribute entirely to tho abundance Of unemployed
capital The inactivity Of business, and the moderate
demand existing for money have increased the do
posits Of ali the banks, and reduced their circulation
Most Of them continue to keep up their lines Of dis
count and declare good dividends but whether they
them not Ia matter know very little about.
The management Of the Bank Of Kentucky and
branches, during the time Of the difficulties and
bsrrassmcn growing out Of the fraudulent issue Of Its
stock by the sehuylkiu Bank, reflects the greatest
credit upon the officers and board Of directors and the
stockholders In fair way Of receiving something
for the contraction ef dividends for several years
past The bank has resumed its regular dividends and
will hereafter continue them, with whatever extra
dividends the proceeds Of the sales Of property received
from the schuylkill Bank may warrant the manage
ment in declaring. The entire overissus Of stock,
amounting TO million three hundred and eighteen
thoufsnd, eve hundred dollars has been purchased,
and cancelled from that portion Of the profits reeci we'd
from dividends.
The arrangement made with the State, in 1888, by
which million Of their bonds bearing per cent,
interest returned, aud tho stock held therefor,
cancelled with the purchase Of the overissue leaves
the capital q the ban. 49,. $500, 900 %
There has also been appropriated OF the
earnings Of the Bank, since July, 1889,
fund To cover Losses By bad debts, &C.. s97sN %
And los.es charged 10 this fund smount
insto. Observation-Disclosures. s57,os1 %
LEAVING balance Of this fuua .... eco SOS o.
This includes all the losses su-ained from the bud-
ness OF the bank menspg In 1895 ssd the prin-
opal amount Of bad dsbts had their origin In the
vulsions Of 1897 and 1880.
Since the last report the Supreme csurt N repnsyl
vanis sfhrmsd the dcsision OF the Court below,
giving judgment for si,ls4T3s oo-snd suSse uenty
arrangements have been made 30 10 procure .
voluntary transfer Of ell The property and effects
subjset to the judgment. which nsv In the pcs
session Of the bank, and will be disposed q
90 prsstIs,ble. These effects consist Off
Cash and effects realized. fsT, $50 90
Reel Estate In Sch ylkin county rs ,vhsh
fnsiudes about one thousand acres Of coal
lands in several tracts houses aud lots In
Pottsville, Port Carbon, Totssrors, snd
Minersvnio- estimated value. III, sol 90
Real Estate, mostly in Phisdslphis-,%
fusd at................... IoTDa %
Hortage Loan, Desvsr MEADOW, Railrcsd
ana co.i COMPANY. .................... @7S7 20
sundry ,,eekr, ground rents bonss and
Mortgages debts, tie, ee........"....... soHs e1
Toisi estimated value. 5000 90 %
During the sutUmn Of IN. present year, TIE bink
deigns making public sale Of the property 10 Phill-
derbia-ss soon IS q suflclsnt b, realized
10 uats an extra dividend anoss tho stockholders
The regular dividends hereafter ~ /. antie2 aisd sl
b, ffcn TO per cent per snnun.
The director Of the Mint has ssued sircuar which
will be 81 interest 10 parties a-posng precious metals
fer eonsgs Under the provisions Of the Mint Act Of
January IS 1s4T Tho terms upon vhsh gid and silver
eye resolved Or ooiusse have been Ella ted ami ,hs