The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-31


aggregate capital s13 e44 80 and they have aggre
gate surplus funds to the amount of 81 1925 So De-
poss April 1st, 81 AL 667 90. In November last the
loans and discounts amounted to $4 Il circula
ton, s1o,347, e46 o6 SPECIE 81 ol5 sss 49,
Speaking of the practice of basng circulation upon
deposits, the Commissioners say
The practical workings Of this system cannot be
clearly illustrated than by referring to the example Of
the Ocean Bank, its capital stock being hundred
Thousand dollars corporation chartered by the Legia
Its capital stock actually paid in on the first
OF OCTOBER last, was - ~ 4So w
Circulation date Observation-Disclosures. 1874 342 90
CAPITAL stock actually paid in on the nrst Of
Circulation same date 24s s72 90
Deposits ." OBSERVATION-DISCLOSURES. 72,oao Is
4pril last. was. ................ $1,000 90
Circulation same date, was.....-....... 25s 5sl 90
It other times the circulation Of this bank has been
carried up to nearly quite $500 900. This
circulation maintained upon the deposit account Of the
bank. To make up the deposit account found on
aiming the bank In the month Of April last that resort
had to sight checks, drawn upon individuals in the
sted in the hands Of the cashier, payable to his order
These checks bear date October 1882 OF which had
They in the drawer and carried to the credit OF
the president They amounted to 500, 600 Deductip1
this amount from the nominal deposits of the bank, at
that time and find $22 csc &C the real deposit
count Of the bank We protested against this practice
contrary to the spirit not the letter. Of their charter
there is no limit to the circulation which bank may
maintain.
Of the General Banking law the Commissioners say
The act passed by the General Assembly of this State
May session 1852 entitled act to authorize the bust
of banking forms era in the financial histo
ry Of Connecticut, and although it is made the duty of
the joint select Committee on Banks at each session of
the Legislature to examine this depa tment and report
thereon the under signed will briefly sllude to it.
Six bankiT companies have already been formed
der the general law, and have commenced business.
Three NOR have been organized and will soon go into
operation Thus the prediction 30 confidently uttered by
men of high reputation for financial foresight that
the system mpracticabe, and could be etab
hed in this State is to have been grounded upon
mitted have become at tho outset the fixed poll
cy of the State, and the landmark for all future ega
ton touching our chartered banking institutions.
The annexed statement sxhit It's the qus and value
of certain articles exported frsn tbi- L ring the
week ending and including Saturday, tA,S \ Of May,
distinguishing the destination and exsnt shipments
to each place
COMMERCE THE PORT NEW YoRK-wEsKIY EXPORTS
LoNDoS.-Tobseco. hhds SO, cases 8, % 7si do manu-
90 sOO flour, bbls. 42e leeSs bacon, 1884 94s $780,
lard 20 GA 2,oss; gum cop:l, cases IS 5,,2s palm
200 1850; bone black hhds bbls eS 1856 slaves, NJ
l7s spsrmass ss cases 2sg 49, ,ss OIL gals 6n 49,
LIVERPOOL Cotton, bales 06, 500, ia naval stores
bbs 500 1877; corn bushels % $780, Is 500; slaves NJ
-four 100 AT, ,s47; whalsbone, ses4, a27s indi.
rubber goods eases L, 72o jap cottons, TO- us;
silks, J. GOO hats 500; manufactured tObac
i.is4. Total1sleG hi. > ~ 'ss-'' W
H4vn1~cotton, bales &c. ss1 el4; potash, bss sls,
s psn V sus os :1as
pkgs l. 1925 whslebone lbs, 81, 7ol, TO- 255; wax,
fancy soos: To
B11DrHe.-cotton. bales ia sss s12 naval stores,
s7s; clocks, 5, 100; India rubber goods, is0 80 54e
xhssbSns Ss a a'l OSsseo eases DO
casks, a, s2l potash nb. So isss; extract If log
o0d .s al sS S'l s1c SoPsa0' 81 1904 '0
BnrHEs.-Cotton 5l4 bales, $50 III; potash 152 bb,
100 bags SSH; sugar lis Shi. ssat; ribbons, case
4ab, furs 20 pkgr., 1929. Total SOL 1877.
o .p qS 70 bale ss 49, .. a.ye its'::
sos; india rabber4 ease 800; basam copaiba, % do
57s candle. IN 10 boxes l2s cider 1ss bes corn
u.s. capEapote 10 casks GIG; coffee, 5000 bags s4sl7
cADm-saves, So 900, 81 577; rum, IS bbls, 27s ma
val stores, IS do e55 pmento 100 bags 1885, mshoga
ny: 10 logs, sss. Total IS $50
boxes 1914 hats cases, 2eo naval stores, 10 bbs,
g6 ~halsb,ns l'c4 lbs, SOC; iogwood, Of tons, 1l4
Irpos-stayes, 1900 q 100; te. sse ptgs., ee7s;
rice, terce, 50; spsz. !. geo Total ss,525 -,
ship bread, do 525 2a7 beet do, so, $780, rice trcs
Is 4si tobacco d hhd. ss4 tea pigs so4 eof
Dbl. 3iss, 81; mnuf. tobacco. pkgs 1896, 7,lo5;
leather pigs, go lss; butter, pkgs IS 424 los
bbs 60 5os2 lard bbls, 90, io6 tree nails, IL ooo
l52; hops bales 1900 40 oil bbls 20 sOs; sssd dry
goods pee, s, 496 machinery, pcs, 9, $50. Total,
BRITISH Wet INDIE, oh meal puns, 100, 81 lis; pork,
bh ISL sss beef do 81 2ss n9ur DO 5so ts9s
butter 70 BIS 1ss cheese sss To-
100 REID sugar do, $50 ~; candles. bEs u.s. 1872;
tobacco hhds 9, SOL matches grs go i0a corn bus,
co. 70 faraure pes u.s. trusa. 49, AZ Ssss
b1s, 80, rs horte., $50 pisnofore, $780, glass;
Pkg. d wOoaws, pigs ~ lib preserved meats
Confectionery pkg. 20 So dried dsh cwt a. As Shoes
cases, $780, brandy gals, 2so, 52l g. gals. sil ESQ.,
sis1s ''s'' 49, i'' o0ne'0''' Pcs ''0 i'''
cuBA-Ale bis, so, $40; beans, "a, ia; pork, a4e.
as naval stores co. 2s2 ship bread kegs 1885, lso rice
ties, 49, 1o54 butter lbs sos 7el; cheese 454 1855;
eashe s sse
tobacco 1o63 III; machinery, pkgs, 3 200; hoops NJ
il, S :he sss 1S ST. sSs - ss as
hardware pigs s. 3ls hats, cases L. $40 psrfuns
TO- iso silks i, 22s csttoa: Al qSsi.ilvsr'
thai ea,e 4ss c.s. H.. sas i7 pepoer ssa
1o4 iron ton, So; medisns phss, 81 ss7; brushes,
trunks ia4 stationery cases India rubber goods,
COLL A sA. s.asy ST. :s. s n g sss
copper bottoms s. 111o copper pcs Is 1896 dsguerre
o!pe articles case 100; lamps o 27O; soap bxs 2sl,
rg,, 20 CO; paints Egs, 30 o. Total, $40 $40.
HAyu-Pork, bbls, 40, sel5; -four, so. 1872; dried
lta beef 10 100 hamr. lbs, 225 3o urd $780, lOs but
te sl2 s5 cheese 1853, 20; refined sugar loo, 49,
Is oco, 1877 lumber feet IS 900 1855 linens bale, i,
10; hardware pigs, 3, 10. Total So $50.
NnyIoo- GuDs, eases, $505; parer bales 10, oil;
90 12o; wood pgs 20 "a dodescs,7 TO- 45o7 paints
kegs "a 90; spirits urpentDe, cses 90, IS ineed oil,
SO 80; umbrellas 40. candles, boxes TO- Al lard lbs
1919 1859; trunks, 16 u.s. sauces boxes H. 81 BELLS 8,
% India rubber goods cases 49, drugs pkgs IS, 233
pbo~der kegs, 100, 400 books, cases. $50; silks,
t62; eo,tens l. 1885, steel boxes 90 I70 linens bales,
1C. 115s; fire crackers, boxes, 60 49, Total $40 ISL
NEW GRASADA--Beef, bbls. 140, $3.50 pork 100
I AGA. TOR vuea 16 a65. uickled Ash 1g6