The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-01-10
hsw Ycaa Cry RAsEs.

The last returns do not show any material variation
cept in deposits In discounts there has been
during the past week Of SIS 34s In deposits 81 977 2S5
circulation Sl54 ard In spscs $5l 1858. In de-
partmsnt the greater than that reported tbs
week previous The line Of discounts Is So AS
higher than the loves. point touched and COS
or than the greates amount reported a. any within
the past five months This difference soon BE- covered
The bar must extend their lines discount to sks ou
even Moderate dividends The rapidy With which banks
have increased in this city and State Is uy alarming
and unlem some measures adopted to arrest t. we
tha before the lsp.e of many years. and ourselves In
the midst Of An expansion OF private credit greater thas
ever before experienced 10 tbs country rhs
this STATE in his recent to this L-glsturs calls
its attention to this important natter in tn, folio NJ
language
The lumber OF banks and banning associations Ia the
State of New York ia tnrs hundred aid twenty four
year, and eighty two since December 1851, ~ing
increase Of third within years The additional
sum invssse in banning to $40 e2 o5 hi. az assrs
nary increase far beyond the proporonsts gro~tn OF
IRE eunets Of oar country, and 1; az whsu
TIE importatons OF gcd from California and other
meet portion Of tho demsni for CT cui.ting
m dun great En- n.ber II banks nave recently
bean created in tnr different Stats VI the Union TINS
exrAoft mary expsI son OF currency indicate,
ly sPcta i've condition Of nsnesl Which, unIos
checked in due season. will terminate dssro IL rsvui
ur., with my ohjections TO its beco Mag law, bill
which propt sd 10 Admit the stock OF oil les undsr
sstrc'ions ~ be ieceivsd by the Superintendent of tue
Bapking Dspa, ept sesurl,ie 10, thu redemption of
bills for circulAt
The oBIy way to prevent Ibis evil conI uIng TO restrict
the class Of securities the Banking Dep
kGors viii 70 doubt be made during the present sesst
q the Assembly to add to the list OF securities reosvab
for bankg purposes but the Governor appears to be
sound that point very little will be accom- plished In
adding to the banking capital Of the State In other
States, North, West and South the Legislatures are BE-
tiged with applications for bank charters under hs old
system The ncree Of banks increases credit
All the Institutions both old and new composing for
butins@, and II they cannot get eaouyh gooi they win
tale the best they get The great pcnt arrived at
b. the banks is dividends and that al the stoekho srs
care about. 1t requires great deal Of good LUCK TO
accumulate PROFITS enough TO squeeze out an ordl
pary rate Of dividend. With the sxravagaacs prAcced
In the mansg cement Of these ns tutons thu delnqueu
ciea dealcation, or rome call them the
continually going inside Of th.se granite an brosn
stone palacssths bad debts which are almost OF daily
occurrence require large profits overcome and leave
any thing for the sto khodsrs At le1. ave per oeat
the capital Ct banks generally consumed IN this way
ndeI endent Of the dividends which range fro sin
TO eight Der cent to sstify thoss ~so ho4 stock T.
earn twelve per cent Is very diaisalt msstsr where
there are so may compiling for buiinsss and b.ak
stocks for Investment actually s deprsc X,ed
n value They nay 80 alo-g hiy enoisn for tue
and be Fortunate enough to DECLARE ID safe dviJeods
but the time come shen the vs.y evils the, h.vs
peucsd, viii react dissstrou,Iy spos Themselves TINS
banAs In al parts Of the country .nxsssd
In sspancisg credits Is Ter their interest eecoar.gs
spseustion 10 enlarge their lines Of count sad tao