The daily union. [volume] (Washington [D.C.]) 1845-1857, 1854-06-08

This apparent increase in deposes arises from the decree
OF the bank superintendent that balances due banks be
included in the depoes These balances about 50
oOo The payments have been little larger this week as
usual from the LIST to the 4th of each month"; The spring
payments are drawing to close and as more caution
than usual has been exercised in the conduct the spring
trade, smaller supply Of business paper looked for
IN the ia The banks of the city have doubled within
three years. mostly borrowers rather than lenders
Thus number Of gentlemen agree to get up bank
They subscribe much money will buy the minimum
amount of stock to pledge with the comptroller for cir
cuation, and the smallest possible specie They
hire room employ clerks get sign painted 'bank" and
they then ready to receive deposc notes given
for stock subscriptions discounted the first meeting
the board the amount placed to the credit Of each as
posites with the understanding that not to be drawn
Thus handful OF stock notes becomes capital loans and de-
posites and all trinity in unity The next stem is To
drive about real deo'es Shopkeeper obber mechsn-
les, all who appear to be doing safe and thriving business
attacked TO get their funds into the bank they are
ised 'bera discounts, aered and beset In every
These dposte with the circulation what the concern
has to lend, and when the Is laid before the
meeting of directors IT eyed by each very much as BOYS
round the table of boarding school ere plate Of douoh
nuts, estimating there enough to 20 round and which a.
them VIII get the biggest At the time, applications
are opened for loans from the well meaning gentlemen that
were induced 70 make the deposites IL then
that those who keep the largest deposte in the bank
tied TO the first loans Mr. Cashier presents epose
and of IT appears that the proceeds of the
notes discounted are the largest depostes remaining
in bank Hence the OF those depostes are emit
tied to the loans, and the apportonment takes place
with great decision and jealousy. The skin Of the
cashier called into play TO appease the daeced applicants
Tor loans, on the ground Of foreign demand for specie
baefu operation OF the subtreasurv" and obstructive
influence Of free trade upon the best Of the
y; but above ALL To impress upon them the urgent ne
cessity Of keeping large Opposite account 10 ente them
TO the fsvos Of the bank The odogy dealer not used
10 bank ways, cannot the favor Of lending the bank
1000 Without interest for year. in order to borrow $500
OF back at per cent interest but he assured that h,
Is the mode by which his business IL suancdat by such
process in this progressive age "captal is kept circu
lhtng adding very much 10 tho fertility Of the soil at the
West Although the ressonng not clear fact is in
conference.-the that he has got discounts accordingly the
man pnches his business TO keep large depose account
order to sustain new demand on a future occasion.
The banks which muster the greatest number OF their
depostors, and sve of their daily balances with the smallest
amount Of specie best the object for which they were
projected Tho old and wealthy banks adopt the same rule
IN relation 10 Discounts bccause IL indirect way Of oh
tanning money. II II IL understood that one-Hnh Of the
amount discounted To remain in bank depo-te the
bank gets So per cent. interest what u actually lends
The produce market has been generally fair Cotton how
ever, has been dull at rates AZ followsi