The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-11


State
The Commissioners hpd the forlov.og debt. due the
bank, on which 1t Is doubtful oonsdsrsbls amount
Will ever he rsslizsd:-
FiS% Dwight. u. and the Chicago and .,-s 40 ;,
% and 50 %or,ssss bonds Of Chic sOsnd Ma ;,
sisipp R.oad :;v;................... I7S 90
A. security for Dw;gats dsb the bank holds mort
ssse on Brooklyn real estate with Dwlghts note for
$16l SEQ IL in connection with the Phoenix Bank Of
pk Of New Haven; ass aeia shares of Colesgo and
Mississippi Rarosd stock mortgage rolling Of
the road OF s2b OOo ard rs IL per cent bonds The
Comm jssoners arc unable to say what will be
realized from those securities but satisfied the result
wijl b heavy loss TO the bank The capital Of the
sssucsl and benevolent societies and the school fund
This stock may by statute be witndra IN at psf CIV
ana The bank is ready to give up the whos Of t. without
waiting the expiration OF the legal time.
Thus the capital is reduced 70 $500 0Oo but is In
creased by large surplus to $685., 60 Deduetng the
unavailable Assets from this toe active capital Of the
bank is $3.50 900. The officers Of the bank, In all it,
sora BY keeping specie deposit 10 New York equal
to the circustion OF the bank and BY keeping In the
vaults the full amount Of specie required ,, Ia. II:
In ts issue though they say the 'ers
would not consent to any issue greater than the actual
now ohaIacHIize the management, the Commissioners
think the bank perfectly sac and reliable.
aeOOoia00nS foo6fv0
siderable atteptitn fro Commissioners. There
ffty OF them organized under the law OF 1854 ThecApi
Of so@ hsa hsv:
Of S66l 270 since last year. The depos last January
81 $685. showing apparent decrease Of 81 600
owing 70 ak banks not making returns. Tho Whole
amount OF looms the lss OF april vas IS Of
which 81 0lS loaned real estae and 81! 4l 62
on personal fecury The number Of shareholder is
e,o6O of Borrowers, 1862; Of repotitors 906l The
issioners think Legislation is needed to correct
the loADirg of money greater than the legal rate of
nv Iona I'm
money invested In them requires great caution in ap
plying remedy. The restrictions Of last year. say the
Commissioners, are wise and judicious.
There eleven OF these institutions, OF which four
Are in Hartford and tro Of tho eleven n MorwAlk and
sonsrs adve that eli the Others should be wound up a.
soon o. practicable.
The old class OF savings banks are represented pros
safe business, though there Is too great disposition In
Of the larger invest In bonds and stocks
The amount SO invested now ~ or nearly one
quarter OF the dsposis These investments good In
all probability but they rot safe real estate
Ths whole amount Of Deposits In Savings
LOADS on personal security 1929 212
The New haven Savings Bank has q suspended debt Of
$64 60 growing out OF transactions with Henry Dwight
large deposit at interest holds security interest
in the Brooklyn mortgage before mentioned and bonds
Of The Chcsgo and Mississippi Railroad to the amount Of
70oo Whatever loss there may BE- on this loan will
NOT affect the blIty safety Of the bank, but the
mmissoners think the amount too large be loaned
to any person. without the most ample and available
security.
The Boston Courier Of the 9th nst gives the follow
ing quotations for copper stocks in that market-
Copper stocks have been active, without change
in prices The largest transactions in the shares Of
the Is Royae Tolteo the week having amounted to
9bl shares advancing from $l6A to Sl6A per share OF
the roltec the sales $50 shares Of which 2oO
sold by broker who tried to sell 1t the
close Of business Saturday at SAX the best or being
The lowest point Of ever touched
by the Toec was $3A per share the 2lst of May,
upon the receipt OF news that copper had been got
are the comparative quotations for fifteen copper