The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1854-06-24


the report Of TIM Bank Commissioners oftli
State, from whicl,..ys gather the following
facts.
Number'or Banks in the State -
Pubic stock securities, as re-
ceyed by Auditor, s2,i95,7il ~
Amount paid over value rs re-
cevrd by Auditor, 1876, 1862 -
Real estate 3lioS -
Notes Of other banks on Ian $50, ~ -
Amount OF d lot owing banHs 1905, 2r@ rs
Sp,i 400, lGl %
Loans and discounts, 3l6,Sil 20
Deposited with other banks, sIN,Gl2 as
Expense account, 2.,s.l %
Checks, Sc, G3,sJ2 Il
Total resources, SG,3Jj,JsS 81
Capital stock paid in and invest
cd, 2,5l8,790 II
Debts owing by banks, 2Ji,o3i 80
Due Dispositions, 1,2SG,ls %
blils in circulation, 2,2S3, go 90
Profit aud loss account, 1I,I-S 90
Total liabiit cs, $6,tiJ,23, "
Of these Banks ten are in the City Of Gin
cago.
The commissioners have carcfulyiispcctcd
u
state by the several banking assocint ms, and
below insert correct table Of tL,ir kinds
and amounts
VirginiaState Bonds, at par, SSG1 800 90
Georgia State Bonds, AT par, sU,UDO o.
Missouri State Bonds, at par, $1,000 90
Ohio State Bonds, at par, $1,000 %
WnconSin State Bonds at par, 10000 90
California State Bonds, at Sic
on the dollar 50, 800 90
Kentucky State Bonds a, par, l6,OoO 90
Illinois Liquidation Bonds, at
soc. on the dollar, 1000 90
Illinois and Michigan Canal
| Bonds at 4ja5Dc On the dol.
| lar, 339,2lG 90
Illinois Il Michigan Canal Inter
/ est Certificates, at from = to
/ 4Dc. on the dollar 70,3OG II
Illinois New Internal Improve.
/ mont Bonds at soc. Oh the
/ dollar, 4l4,737 20
/ Illinois Sew Internal Improve.
mcnt Interest Certificates, at
/ 3S TO Use. on the dollar, 2J3,sJ2 %
Tennessee State Bonds, at par. 2j,uyy %
The foregoing table exhibit. the aH1ua.
and the character of the basis IT our ,anl,
4 circulation. We have II rea.gr, TO donbt
but that these st""i.s my, at the present
'ihc. &c reg".Iyd az sufficient security for
Inc circL,otion, at least, 50 iara, the stock So
| u'.ry can he 50 cen ,idcrrd. II will be Tc-
marked that the general blnkng Law. dis
criniuatc, unf,voably rs reg IDS linoi,
stocks. Whatever may have opcrat d at the
time of the a So Of I'll, law trgIyc It sane
ton, by placing her o"n stocks ia this
egllyOcal position, It is Conc,Iy d that there
Is 10 good reason, now existing, why these
stocks ought not to be cons dcr,d morc, ear.
~ in their relation to their market yai,c, as
Il DEPOSIT, q an the law permits We feel
justified in the b,lictthat the auditor Of pub.
nc accounts and the treasurer have faithfully
and Judciousiy discharged their duties, ia.
yolyug great responsibility in regard TO the
deposits and bank circulation.
The circulating notes Of our own banks,
a. yet sustain bat very limited relation q
our entire currency circulation, perhaps not
more than tArce-t,ntus. Iui, d,-prop0riiou
will however, gradually diminish a. oar do.
nestle issue, find their war into this STATE,
from the distant points whore they were
originally put into circulation. Of the Ic,
mote or foreign paper which makes up 'hc
r,-lu, OF our PAPER circulation, It PORTION
rests upon n ,to,A security ba-is for Us n.
dcmption, while Il large proportion roslsup,
on foundation always liable 10 suspicion
Ih DgNO'rut