New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-01-08
NETWORK TRIBUNE.
CsssrsIler's Repsvt CsseIsAed fr"" he'-
serday,s Paper.


7he p.no,, ,ev;e.s n. Yr.s Baking sys,n 1po ~
presses he opinion ne srty n9~ y cad 70
vs,1e and availability s cosroDer ~. 10 e.~sn
ss sIis5s;ou neessssry s prs'sn, nr ne , go
inddus n.s ingo- s r1 q se' He sdse. frbsr eg
gel for ne ssS =, s~ wteh requires al banking ssss
o,s AID Sayidus bsnhers 70 se banks % ei,ern. .ne
~ 49, specified n the certificate n location The sw
az - .oros cases been dsregsrde The Conuoer
1865 ~ mos ngd and cautious discrimination IN pro
eb NAV become Necessary under TIE Increasing
,o.d Or circulating bass znd ne gradual dscrsese u tn
NewYork viii be ex'ingu.hed before The las, Of ne ssy
FUND Charters expires and the deb of The Federal Govern
,oeni vii be pad of probably within fifteen or twenty
,.bs;tais shal s. proided -Four Safety Fund Charters
expire during The present year and three Of hsl u = n1
THIS tneressng demand for Sew-YOrk and Government
Socks Tor bsnting purposes Is fesr~d WI esrL -
sad he baking fseitles II the community crippled The
Controller does not express sny opinion Ip2n ~ sI
sIt recommends 10 the consideration Of The Legsa'ufe
The Report MAKES The following remarks upon NE suFc'
since De passage u The law thiryone banks haze 'sed
De Controller 10 ros Of desc eass ne p'oeseos o. NE
S<ssfse p,o ,ats dividend paid me bilholder-
and esrscses Issued for The balance psyAoe 01i OF any
s5d,noasj means which the banks may have pOssessed
A.. 10 every Instance small portion of the Circulating
oo,ss shl outstanding The presumption y that hey
. yhs shall be done funds remaining the Comp
,roIsrs hands sor thsr redemption The thus
heH 70 t32sls 70 belonging thirty banks and As
sfy Of he ilures occurred almost years ago there
SiLsosdsfs .-,,
kns settlement and distribution Of these fgnds The Cou
roDsr respectfully recommends hat auory 10 gwen to
sonsbe period just and equitable Principle u sng
gesed fiat sner the expiration Of SIX years aosl notice
sbouh 10 issued blhOlders 10 present the notes b.
gven day. and thai the balance then remaining be dsded
pro rata upon tbs Outstanding certificates furnes "a
ehsl ser reasonable roncs ~ TIE cethfaf
hoIdsrs might with great PROPHECY be carried ~ ne
fund sppcsbIe The ordinary expenses Of the Free Bari
Department
The whole plumber Of chartered banks y ~ anc is0
,ss s, ef sTes.on 70 winch they entitled BY
iss9 a24oi Of which they have ~ actual ei,euisnon p
.. .a, bar. ~ III a9 sos al S''' "
hi. sa.eoen' include. four banks and one bIsnch VIII
.ao,egs,e 1apiisl Of Al 800 600 whose charters expire
,or.sv Is, M Bank Of Ihca and branch s5000Co
ssns u Auburn s1oOoOo Bank Of Ihscs $4,000 Bank
The ebarsr ofthe Merchants Exchange Bans Of tho CITY
New York expired on the trsi Monday OF Jsne ss, nay
M capital OF S7t@ coo entitled 70 circulate s1nVg aud
having circulation IN thai day ~ $3.50 The stockhod
ss ~ this yell managed institution have reorganIed me
sh an Increased espirs of 81 10000 The Bank Las
dsposted with the Controller for ne security q y. eJeus
M noies stocks this State 10 The amount of$o3 and
hss assumed The redemption Of the circulating notes OF The
,d,ng fbe ssme h,s restored iis capital 10 $4,000 BY
sash payments snd s now entitled TO circulation u
No failure. have occurred the incorporated Banks since
the date Of the last annual report from ms once go
in sxa has been provided for BY the Receiver from the
ses In his hands and 10 estimated hs the surplus wi be
sle make dividend Of about " per cen' among me
remaining creditors , -, - -,
There have been received counted and burned IN me
during the yeaI ending l1'h December ms
7sSgl2 rnutiaed bank notes amounting TO $4@SBS and
during tho same period there have been coun'ersgned
numbered and registered 683oSf notes amounting 70
n $50 15s and delivered the banks entitled 70 the same
TRyE BANK DEPARTMENT |
The whole number Of banking ASSOCIATIONS DONG bus
under the general banking law % he nnniDet OF
ndiv1dua bankers 55 making aggregate OF l3 banks
IRE whole Of circulating notes oountersgned IN
he bsnh and issued 10 the banks was on The
~ dsy of December 1919 Slli8o675 for the redemption
II which securities have been deposited with the Conroer
trust amounting 10 the aggregate to hs sum OF slHo