The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-26

From August ls44 TO june, 1859, period AZ .,ay,,
eight years there increase In the line az scr
Of sa5.12a3oa; in deposits, s2s l5sea2; m, speete
sao79s4o and In circulation, s274s5I2 These rstur,s
not fair criterion the movement Of -Four cit
banks is principally in the departments of~1 discoun
and deposit. The discounts of the city banks nsar
doubled, and the deposits than doubled, withi
the eight years previous to the goth Of june l186
showing rapidty Of expansion equal to that a an
previous period of equal length. The banking move.
ment of the whole State for several years previous to the
revusion of 1887 great as it has been in tha
city alone for several years past.
NEW YoRK STATE BAHHs
49, Diseoants Deposits. Specie: oireaiatiea.
January 1888 q Sss 0g4 70 oss sss s49 ~ s9 eos
is% 7 7sssss % sss7s ssssssS a ls
The collapse took place four months after the last date
and the contraction immediate and very rapid liz
March, 1852 the aggregate discounts of the banks Of this
State was S1o5,7oS,445; deposits, 500 2l15s6 peSe,
$40, 1854 circulation, SGT 312054. This compared
with the oyement in the departments in 1887,
shows an increase in discounts Of $2642627 deposits,
s25,32s,356 specie, 81 1864 circulation $S,114054
This shows the expansion in individual credit. For the
Ol showing between eOrreep
prices should further back than 1885, The banking
movement of 1880 and 1852 would give betterea Of the
progress of speculation patons Of credit and steady
approach to the ooapspg point for the banking opera
tons in 1880 bear about the proportion with those
Of 1S37-the year Of rcvuson-as the movement In ls
will probably bear to that of 1858 1899. The expan
stems in private credits in this and other large cities
of course rapid than in other Of the country
but in other parts the increase Of bank credit In the
shape Of crculatons is greater The annexed statement
will give pretty good idea of the rate this expansion ia
going on in all sections of the country
BANNING MOVEMENT IN THE UNITED STATES.
ssss s sss5is s,s sSsssssSs
1ssS ss91sSs .aS1s s
1852. 520000.00o l500O0,0O0 52,O000oO l75,e00OOo
sIartly estimated.
The expansion is still going at this rate, and win
continue, after little while at still more rapid rate
1t cannot Stop there is nothing to check it but col
lapse, and must not look for that at present II
probably will be years before decided indications
Of collapse appears If continue for any great length
of time to expand at the rate realized since 1S49 We
shall reach point several times higher than before
known. revulsion thenlwould be OF more serious,
disastrous character than all have passed through
combined. We approaching that point with rapid
strides, and shall later reach it, The discount
lines Of our banks give only small portion Of the paper
promises to pay Outside Of the banks paper pegoa.
ted to as great an extent inside The banks do not
hold such power position in the money mssket
previous to 1887 There an immense Of vate
capital employed in discounting mercantile paper and it
would not be far out Of the way put down the
Of individual paper under discount ia this country
at thousand millions Of dollars This Is independent
Of public credits, such State bonds, railroad bonds,
&C., &C., besides millions upon millions Of paper Of
character not easily negotiated remaining in first hands
We just entering upon the first act Of the nan
cial movement of the age.
dangerous counterfeit the Miami Valley Bank OF
Dayton Ohio has made Its appearance very neatly
executed though darker in its general appearance than
the genuine bill. The namo Of D. Adams Register,
the face Of the bill is written the genuine bill
and engraved the counterfeit. The signatures on the
counterfeit easily detected by comparison with the
genuine, though well calculated to deceive. AZ whole
1t is the most dangerous counterfeit have this
long while The one before Is dated april Is, 1852.
One hundred and fifty tons Of copper from the Cif
mine Lake Superior, landed at Ceyend last week.
by the propeller Peninsula
The railroad from New London TO New Haven Is COM
pleted. connecting Norwich and New London with the
New York and New Haven Railroad and forming another
complete hand route from Boston to New York. The
Stonipgton boats also, II Is said, to toucb New
London and thus with the trains Of this new
land route.
The total value Of the foreign exports from Baltimore
for the week ending Thursday 1901 99l 81 The
export Of breadstus for the week comprises 9s barrels
Of -four 1862 barrels of meal 600 bushels Of corn
and 81 barrels Of rye -four The export Of tobacco
the week was large. amounting to $3.50 hogsheads
The Amoskeag Manufacturing Company, Manchester,
has declared dividend of four per cent s4o per share
Douglas Axe Manufacturing Company Of Boston six per
cent semi annual (S3 per share) payable on demand