The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-11-28

BpOhcu VI WO0O nave ouuCCQs tuOuyut,
however, that it was high time that some
answer should be made to the shameless
clamor SO rife among Us.
Again asking you TO copy the Statement
Of the Bank as referred to-prefxing the re-
marks OF the Cincinnati Gazette thereon
written by practical man, am. s,u.se
- f Yours, truly, r.
Below will be found statement of the In.
diana State Bank on the 3lst Of October,
1854. This exhibit will effectually Get at
rest the various rumors that have been circu-
lated with reference to one or two of the
Branches. We have stated on one or two
occasions that the leading Western Banks
having contracsed their business, are now in
q condition much stronger than usual; and
that the circulation of the State Banks of
Ohio and Indiana and the Kentucky Banks
is in the aggregate six or seven millions be-
low an average. We are assured that the
Kentucky Banks have withdrawn over four
millions Of dollars. The circulation of the
State Bank Of Indiana has decreased $751;
9I9. The circulation Of the State Bank Of
Ohio has probably decreased FULLY ne much.
This makes over six millions in the three
States. This parer was forced out of Giro u
lstion by the illegitinlate trash with which
the country has been flooded. Sound and
substantial Banks would not-could not,
without sacrificing their best interests
compete with such currency. There is,
therefore, a large circulation OF good bank
paper-ssfe beyond question add strictly le-
gitimate-tha will be put out as soon ne cir.
cumstances will render an expansion pru-
DENT. .ie ffe
II will be seen that while the circulation
Of the State Bank OF Indiana has decreased
$s37,Dl9, the specie has decreased only
! S2SS, $50: ast that the amopnt Sf coin on
hand is equal to over forty per cent, of the
entire circulation: also, that the coin on
hand and the means in Eastern and other
Banks 10 S7,294000, against a circulation
Of S2,603.0 Another evidence of con-
traction is the large decrease in the notes
and bills discounted. as shown by the follow
ing figures:
Decrease Of Notes s734,e5s oe
Total decrease. ss3s,sio u
i With references to the Lawrenceburgh
Branch. we learn that an entire change has
been made in the Presidency and Directors
ship; and ample provisions have been made tc
redeem the circulation:
STATEMENT OF THE STATE BANK OF INDIANA
ON OCTOBER 81, 1854.
NEANs.
Bills Discounted. ........... Ss63574 ~
Bile Of Exchange. 3,335,0i0 %
--e 4,l9e.ss5 Z,
Suspended Debt ........... ols0,600 20
Banking Houses and Furni-
turo..... .........s...... 1886 20
Other Real Estate.... ..... 1852 %
s79.Css 81
Due from Eastern Banking
J Institutions. ........ s5l4o67 70
ne from other Banking In,
stitutions. ....-.......... 6e4,Ol5 20
Remittances and other items l73512 -
i,3sl,s55 81
Notes Of other banks ...... s27e,s79 90
Gold and silver. l,CS6 800 SO
= - - l,35s,s47 q
i 1900 S73l9.l7s A
III LIABILITIES rsssss
Capital Stock. ..,....l.I Y s2.lso.iO 4.
surplus Fund.............. Slice. 955 %
Profit since last Diyidend.... 2ll,s43 %
Due TO other Banks........ cs5,J2O G5 ,i's
Sinking Fund, School tax & -
= other items 4l.925 OF
4 Unjrawn Dividends........ 4,O45 63 .i.r
i e7i,l9i 3.
individual Deposits. 634,23l g.
Surplus Circulation uosup
/ ply estimated loss OF notes) 1891 On
Circutatian-
u Under Fives ........... e5I7,g3l 90
Fives and Upwards..... 2,4sers27 %
s2,996. sss 90 III =. 8 I.
L q notes on hand.... Iys, $40 80
- :. -'''f',- . ------sa. soa sac 0,
JAMES NJ. RAY. Cashier.
COMPARISON .rsa