The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-08

than five millions dollars cash. paper
equivalent cash. while all the demands against IT, i'm
mediate and ultimate exclusive of the capital stock are
but little four mions II is obvious that the bank
nearly the whole Of its capital within few months
The act Of 1850 which passed in anticipation to pro-
may be appointed under tho law, five years beyond the
termination Of the charter with which to close its af
The profits of this bank, from its commencement in
1888 to February 10TH 1858 have been according to the
statements furnished 2o775es g. No dividends
The capital stock Of the bank consists Of So s7 shares
1871 shares, sess $50 BY residents.
20 ESQ 81, ool 500, BY non residents
The liabilities Of directors stated thus
Payers Endorsers. 7tal.
OF the directors 500 1888 27 $Ss 425 0s $133 20s IS
OF the city banks to this
bank 2o4 OFT O6 1O3, III SIS 308, 1888 Of
Total. ssO4, 400 SO sls7, 1876 9s SAL, 5o7 20
The Canal and Banking Company.
The business Of the Canal Bank has also been profitable
Notwithstanding the heavy losses which suspended its
dividends for half the duration of its charter It has
certained and declared profits as follows
Dividend per statement furnished 80 1872 207 80
Profit and loss account, AS per general state
ment -, zoo SSS 80
Total.... 81, 936 GIT 90
No dividends were declared in June or December 1894
June 1887 or pecemSsr 1882 nor a. any time during
ls4i, nor December, 1s4o
The capital stock Of the bank-S3 164, 0O0-is held
1874 shares, 81 e74 100, by non residents.
IA 500 9. 81 ,4S9 900, by residents.
The liabilities Of bank directors to this bank stated
Directors of this bank oa ssa4o ~ 1857 3ii rs
Do other banks to this 258 0S7 IS OF 10
Total SAL, esq 81 $s2s, $50 rs s77o, sO3 45
The Bank Of Louisiana.
The Bank of Louisiana shows even a moro favorable
exhibit OF its operations Its capital stock Is nominay
eO0 but of this 81 900 is owned by the bank
itself that the real capital S. ISL eoo which is held
1 1s shares q 81 200, By non residents.
$4,000 81, 200 ,00o, by the bank.
This bank seems to have been managed with uni
form prudence and than any other in the city 1t
prt Of besides having havns p an
chased in q 2oo 600 Of its own stock which swels the
twenty eight years. and sparng from their capital the
means of ere.ting their magnificent banking buildings
II: bank declared no dividend in July 1887 july 1872
and January 1843 but made extra dividends In Janua
ry 1s47 January 1850 and January 1853 The regular
and extra dividends for the six have amounted
to fifteen per cent-a proof Of the enormous profits at
tainabe under the present close system of incorporated
banking and powerful argument for the thro wing open
Ss. q Of this bank ar. stated
thus
Director. Of mi. ban. %G &c 50 aaSs g. s
Do other bks to this sO4 81 a54sse 70 essa57 10
LOasiona State Bank.
No statement was obtained by the committee Of the
amount Of profits made by this bank of the dstrbu
and residents The bank has no agency out Of tho
State for the transfer of Its STOCK
The liabilities Of directors at the bank and it's branches
are thus stated
Papers Endors's. Total.
Parent bank-its own direc-
Directors Of Second Municipal. '''' 80.
ity branch. :.......... A,ssl 14s,ese 22s $50
Total .s4ls, 2o2 1856, 22s SECS, 4so
Of the amount due as payers is ON the pledge
L,on1iaes Of Directors Of Second Municipality Branch
Louisiana State Bank.
\. own director, ssys E g sss .s; as 81
D'e'':9' o Rsssa S.nis to this q iss
Branch at Baton Rouge...... II SOS 1855
Aggregate Of liabilities of bank directors to this bank
and s branches as payers endorsers, 1886 0s2
For better understanding Of the affairs OF this insti-
uon the committees obtained separate statements Of
the affairs Of the parent bank and Of the two branches
made up to the same day. These appended to this
report, condensed into form to show at glance the
its branches on the 18th Of February.
It wiz BE- perceived that very large and profitable part
through the branch the second Municipality and that
Its loans made through the branches, and particularly
through that In the second Municipality, much
beyond the line prescribed in the charter of the bank for
the proportion of business to capital and also exhibit
large Of the joint bushes: Of the bank and
branches beyond the charter Imitation 1t IL worth
particular remark that the branch In the Second Munich
paty has upon assigned capital of 500 600 loaned to
of 1886, 055, or two and hall times its capital.
The committee cannot leave this subject without at
no 5 to
time, but judi;ialy examined and authoritatvey
settled Has the bank right to erect in the place where
ifa hnat nAaa Nnndnr houh rvdo
name Of branch with powers as comprehensive as its
own and with this, the consequent right of multiply
ges which have been exercised under the of 1850
relation to the ola branch at Baton Rouge
Whereby the bank claims an exemption from the hmta
through It's branches, lawfully claimed and exercsedp
Upon points of so much ntcacy the committee in
hesitation in saying that there ought to be Judicial de-
termination of those points In what form it should be
insist that the construction of law ought TO be rgidy
made against powers so dangerous and license 10 un.
limited.
The quantity Of certain articles exported from the
port of Wilmington, N. c., for the year ending April
i, 1858 :
COMMERCE OF WILMINGTON. N. C-ExpoRr.
s. lumber, 20 4le 1871 fect do planed, 22 $40 do.
river lumber NIB 90 600 do rough timber o4l o4 do
DO yaish 4s do tar ptes ss
2slo bales cotton sSeeting 2a2s do. cotton waste,
leo do rags 100 do cotton, II 6s1 do. WOOL 143 do
rough do, 45 943 bushels peanuts, g. 91 do aths No.
% 500; fuid 80 bbs beef hides 65t bundles calf skins
No. 10 paper boxes spars No., o. peas 141 bushels
copper 17s bb old iron ga tons; wine, Is bbls
leather us bundles; beef 20 bbls pork ~ do cotton
banging bales bacon hhds sheep skins; No. $50;
oats 10 bbls. COAL 10l tons; corn, $685. bushels,
cider bbl green beef hides, No. 1867 whiskey, bbls
bushels oakun, 80 bales; wheat 664 bushels chesnus
bbs CID copper, 5000 lbs; leather 100 sides; whet
stones, boxes; bacon, hhds.; hair, bale; hogshead
shocks, No. $50; treenails, No. $500 wrapping paper
s45 bundles roots 4S bales bags and 30 bbls; dried
fruit 431 bbs hhds 80 bags and 20 boxes; aaxseed
hhd 1853 casks and 52l bushels; beeswax 81 bbls,
and 90 hhds. fur 10 casks and boxes; OIL 100 bbIs.
and 81 hhds.; copper Is bbls hhds 600 Tbs; tobac
co, 20S boxes Dbl. and hhds.; brandy, bbs and
pipes talow bills, boxes; pipes, q boxes casks