The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-15

United Kingdom $50 450 S53 t3S 429 1863 81 OIL 4S4
showing decrease of f93O,546 in the circulation
ofnotes in the United Kingdom, when compared with
themonth ending the 22d January; and, as compared
with the month ending the 2lst of February, 1852,
showing increase of 81 $50 69l in the circulation
of notes in England and an increase of f3 1884 O99
in the circulation of the United Kingdom.
The average stock Of bullion held by the Bank of
England in both departments, during the month
ending the 10th Of February was els 6l5 l56, being
decrease OF fl O96 52l, as compared with the pre-
vious month, and an increase of f1O4,9O3, when
compared with the same period last year.
The stock Of specie held by the Scotch and Irish
banks during the month ending the 10Th of Febru.
ary was f2,705 ST. being an increase of f4O46 as
compared with the previous return and an increase
Of f4s5 1854 when compared with the corresponding
period last year.
The annexed statement exhibits the expenditure
and revenue Of the province of Canada for the year
1882
PROVINCE OF CANADA-INCoME AND EXPENDITURES.
Total receipts from all sources for the year
Total I Expenditures ai for do do do
Balance to credit of consolidated fund.-
JAM 81, 1858. ACKNOWLEDGEMENTS. f40l 901
The balance to the credit of the Consolidated Fund
the 3lst of January, 1852, amounted to f407 400
This shows slight falling of in the net revenue of
the year just closed.
The commissioners appointed by the Legislature
of Louisiana to examine into the condition Of the
banks OF New Orleans make the annexed report of
the three institutions in the process Of liquidation =
CITIZENS BANK.
The examination of the affairs of the Citizens Bank
shows that the institution has circulation or deposits
and no liabilities except for the State bonds and bank
bonds held abroad The committees had only look int
the security which the has the assets of the nt
tuition and the mortgage securities given the bank BY
its stockholders for the punctua payment of the State
obligations they become due Such examination as
the committees able to make consulting the local
knowledge Of the different members of the n.tees as
to the value OF the mortgages upon property in their
respective localities induces the belief that the security
is ample for the protection Of the State The mortgages
remain binding for their original amount although sixteen
instaments Of dollar each share have been called
in and paid with remarkable punctuaty. The bank has
considerable assets and is collecting from the stockhod
These will for a number of years produce q considerable
surplus Of receipts payments The State Is in the
judgment o. tne ON wen projected against loss
IDENTIFY guarded hereafter.
THE CONSOLIDATED ASSOCIATION
The same general remarks apply to this bank-it has
circulation movement The States interest lies
experimenting the liquidation in order to protect itself
against loss Of bonds issued for the use of
the bank. The winding up of the bank will show a
heavy loss to the stockholders The apparent deficiency
DOW about $500 O0O wh:h will doubtless be consider
the mortgages which the bank holds and its good assets
afford in the present aspect of affairs apparent aban
dant security against loss to the State on account Of the
bank.
The successful negotiation of the Citizens Bank with
the foreign bondhcders by which that institution per
ied and expected to revert shortly 10 the control of
its stockholders, WILL the contamination Of those
raDgements make necessary change in the State
management Of this institution
UNION BANK.
The only remaining bank to be noticed is the Union
Bank which is also in liquidation and has nearly closed
lie ufTnir ia are Nal nr havn
been adequately provided for and it has collected and
divided among its shareholders nearly the whole its
capal In the division of its surplus profits the State
stockhoder to the amount of onesixth has received
in two dividends, the following sums
First dividend, June 1s 1852. 207,170
Second dividend, January 1853. 1896
The whole of the first dividend and further sum Of
So sec 70 of the second dividend retained by
with the State account Of the liabilities the
bank for the Clinton and Port Hudson Railroad bonds.
Another of So 600 credited account Of sight
draft the treasury paid by the bank and So 900 to
deposit made with the State Treasurer
Elk State bonds, which the bank is ready to deliver
The = inc 70 S tine b Committee
bank where has been, subject to draft since the LIST
Of January last.
of the bank, which yet undivided proposition has
been made by the bank to purchase this interest The
Treasurer Of the state was authorized by an act passed
last March, regotate with the bank, but unable
come to any agreement. The bank offered eighteen
dollars per share which the Treasurer declined accept
ing The bank has since made a dividend Of fifteen dol
lars share which the State has received $l37 1896
There is still considerable amount undivided of
tanned value. In view Of this subject, the committees
deemed it expeden to ask for very detailed statement
of all the remaining assets and Liabilities of the bank, in
enable them to form opinion upon the
which il expedient for the State take The papers
were promptly furnished and examination thereof
the committee to the conclusion that the interests
the State do not require sale to the bank of its
prospective share OF profits but would be al least well
promoted by permitting the bank to proceed in its regu
lar Of Bquidat and receiving her rateabe pro
portion Of the profits as they may be realized
Stock Exchange.
$4,000 S 6s, 81 SO 40 100 shs Cumb Coal SO 51h
1900 Ohio 6's 60. b3 10sx 90 do. So 5lH
l1000 NY s SIS, '55 b3 1881 $50 d.. .b6o 524
1000 do 6's, g.. 115 100 do..... boo 524
1000 Erie In Bonds. 97K so do. $50 514
$4,000 Err BIDS n SO e5E 100 do. ....... 5l4
20 shs Broadway Blk lib 100 do.... BIO 51I
20 Bank America. 1861 90 do. ..s3 51A
20 Metropolitan Blk. 1913 200 New Cr'k Coal So 21S
10 Continental Bk.. 99s 1000 do. ......s3
100 Can x Bkg Co 1l0s 140 Parker Coal Co. SO 32X