New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-08-15

TO send money from Upper to Lower or from
Lower to Upper CsDads. five lend Government
more monty than hss been usual (and that wasn't
much it must "be the subject Of special nego-
tatlon The Bank Of Upper Csuads went little
further, end has been since thea the Provincial
4 treasury Its paper is paid away By Government
ever where. The removal Of deposits from bank
10 bauk .-emains with the Executive Government
| wish could have given the figures 81 least Of
the business O, the Bank Of u. C.--they ought 10
be eiyen-but nowhere ind record in The Ga
.efe nor al the Gspnsi meeting OF tse stoekhold-
ers last June was any Information NhateVer eivea
TO the public 1t 10 be regretted thst coneeai-
ment where il is really unnecessary should % per-
mitted or resorted to. On the "a OF August iest
its capital paid iD) was uofer two mll I sAd
It's circulation paper shekels) - W %o0
The Quebec Bank may hayea million OF more a.
new ogrol stock on hand 10 ped He, llAe its neigh
bore, but its paid up stock 9th No' amber last was
but SS33C2l. it, other liabilities o. 3th q June
last were ~ 0o4 495, including 500 ~ OF bank.
notes afOat cash deposits SAB .iSS on a third OF
which il was paying somebody interest. It's CON
was s-6,l il held no provincial secnrlH'si aud
iis general budget OF notes discounted, &c-5 came
to S22l4773
w impression is tbas the bank in Canada raost
fay oTsble TO oar manufacturers II the MonsFeal
City Bank. although the Banqne du Peupe, pre-
sided over By that excellent officer, Jacob DE ifs
Esq, Tlay be equally so.
Another concern here Of the bankiag order is
cslled tie " Trust and Loan COMPANY of Upper
" CaDsds' Acknowledgement MacJlSnsld is its
solicitor or insurer general. Nlessrs Gyn and
Barring tax g pleasure in being its trustees IL has
roy al charter in London where it borro~s at y
snd per cent, and where its shareholders are. IL
has colonial charter for Upper Canada where IL
lends to fIeehoiders hah the clear value Il their
lands on mortgage, at per cent, while no [ ana
dian bank can recover more than 6. Boryss fers
must also paw our Chief Judges brother (ssi g.
Robinson for yelung the lands, aud all fees. u ey
apuear to have lent out 81 5000 in Canada.
We have two Savings Banks here; one at Ct'
bourg one or two al Quebec, two at least in Mn
freal and there may be more This year lusg
act paesed for the regulation Of some Of their
" hich will do little good. Ose of this sort az
banks broke down at Montreal in ls49 the direc-
tors were the elite Of the city. They trusted IN |
mitted by their neglect OF duty, and the humble !
as usual suffered
The Quebec Provident Savings Bank owed de- |
positors 1928 4S9 on the lst of March last, some \
of which it had invested in bank stock, bat the I
bulk of the deposits IL Procinedi stock, the money
given for which here is sure TO be wanted The 4
state Gets the money of the rich by bOrr0wing-of l
the poor by savings banks. It controls the scurces
OF public welfare-I wish | could add that il de- /
sired to promote that welfare.
The Montreal City and District Savings Bank
(Mr F. A. Larocque, / believe with j. Armour,
being its chief business mem had only about
$3.50 600 of deposits last January, aud the moneys
were mostly laid out in stock of the Montreal
Banks manufactured as above stated.
We have never had gu Auditor of Public Ac-
counts in Canada-none at least since ISL when
England had TO pay our officials aud there were no
cash acc, UNITS here to audit Last May a bill
passed to create an Auditor; but an audit is use
less unless there are rules. Our Government
takes what money it pleases from the chest, re-
eardless of all legislative supplies. The duty OF
on auditor is TO see that what is done is according
to law; and where the bill gave power to the In
spector General and Treasurer to place moneys in
and draw them out of banks member moved that
no warrant should be paid unless 1t contained
certificate from the proper officer that 1t was ac
cording TO law, naming the statute giving power
In house of 90 members there were but u yeas |
Sir elan Macnab aud the Executive Council |
being all hostile HARRY VANE