The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-12-08
Revenue received. sl.20s. osa Is

SpecIe or its equiyaient..... 734,454 l9
on special AS ,4y9 rs
Revenue received. :l.2os, saa as
To credit Of Commonwealth. ...67snos 05
g Literary fund. 2,,7So sc
Board of pnblic
| werks............. 1920 IL
sinking fund......441 ,934 90 $I,T6 1853 95
| Thus the treasury has weathered the storm, AMI
the public faith has been saved and the public ere
| dit been kept sound
| The following tables, which present, will show
our other relations to aud dependencies upon the
general banking condition of the United States
Iaoie NO. D embraces the statement for the great
exporting center Of Louisiana, and its satellites
south Carolina, Georgia and Alabama.
Her follows table No 4, for which see pages 80.
And here we zee the very converse of the
saaae sI ,. q things in the group of the great
centre Of Louisiana has r balance in her
IaVor aue by other banks" of........ S5,45l ,I73
ana, including that balance in her favor
the surplus Of her total mea MS over the de-
tiSse'cyof her fmaedt0te means is...... 1881 l20
~ upon net ttctal means, SO, ,lo7 $50
South Carolina on similar accounts, has
balance against her = due IL other banks
eL 2a3S,O24
the deficiency of ber immediate means
over the surplus of her total means is 1924
And her surplus Of total over de eficiency of
immediate means, cNO
4r IT. upon her total means. Of; 35,744,3sc
Less man no per cent. by the above dc
cheney.
Georgia has a balance against her. of 2e4 .4ss
And. ineln ing that bIance sgainsr her
the surplus # her total lover the defcieacp
OF her Immaculate Means iR............... Ts3
~ ~ upon nrr Ioiai neans, g., ,3S3,I60
Alabama has balance against her. off, 3sIn
And, including that balance against her
the deficiency Of her immediate meaps
oyer the surplus of her total means is 22s 2s0
Ana her surplus Of total over deficiency of
immediate means, s,is......................,, nG6
Or upon her total means of........... Of s,O7s.nl
cheney.
South Carolina Georgia and Alabama, COM
bncd. have balance against Hsr, off,. 267O,623
And, inciudlng that balance against them
the surplus Of their total over the def
cheney OF their immediate means, is s.. 6947 ,25e
" upon helr total ,H3 e6l
1t is about per cent.
The tour centres combined have balance
in their favor. 2,7s0, $50
the surplus of their total means over the
dijtc cncy OF their immediate means is % s7S $40
'r: upon lheir Total 39l $50
II is atont is}s per cent.
The only contiguous state 10 these centres
of which We have account. is Mississippi
MISSISSIPPI has balance in her favor, Of. 25T sos
And, including that her deficiency OF inn
meciate means over surplus of total
means 2676s
ANA, her surplus ............
Or upon her total &c., S52
1t Is less than no per cent by above def
cheney.
Louisiana, as compared with New York has
surplus of total means over deficiency of imme-
date means, which ia 50 per cent of her total
means. New York has only similar surplus of 4
per cent of her total means. Massachusetts, has
22 per cent. of her total means. Penns ylvania a
dcfce'scy, less than per cent upon her total
means. And Maryland has 10 per cent. upon her
| total means.
| Thus, the export centre with its satellites, is
| shown to be in better condition to meet a money
crisis than the import centre and its satellites. In
the former the balance is in favor of the centre
In the latter, the balance is against the centre
And the former has much larger per cent. of sur
plus of total means the deficiency of imme-
diate means--as 81 to 4-than the latter, to meet
pressure.
We come next to the group of the northwest
the centres of Missouri Illinois and Ohio and their
contiguous States. without centres.
Here follows table 8, which will be found on
pages 81, 3S, SO OF the Report.
And here again we the balances
GDIlaSt the centres. and In favor Of
states With0Ut centres.
Missouri has alance against her, due
10 other banks Nof...................... S35 9a3
And, including that balance against her,
the deficiency of her immediate means
ever the surplus Of her totgI means,
Or, upon h r sum total of means...... $500 gl3G
Lees than no per cent. by he amount of
the above deficiency.
Illinois has balance IN her favor off,. 3,742,s67
And, including that balance, the sur
Plus of her t0tttt means the def-
ctency of her immediate means, is...... 4354 I
Or, upon the sum total of n neanF...-.. l2,965390
Ii IS nearly "A per cent.
Ohio hasa balance in her favor, ,of..... l,5465e2
AMI including that balance, the r.
cieacy OF her immediate means over the
surpllts OF her t0tdi means, is........ 32lI SS5
Or upon her total means. 2g756sl
1t 10 less than no per cent. by the amount
of the above deficiency.
The three states of Missouri, Illinois
and ohio have balance in their ia
And, inciuiinx that baIance in their Ia
| yor, the Su,1Ilus of their total
means, is 3l6ss7
Or upon their sum total OF means........ 436io,l7l
| 1t is only three-Ourths OF one per cent.
| The contiguous states. without centres
of trade. Indiana, Michigan, WiscoH-
| Sin and Sebrasks, have balance IN
their favor "due by other banks" Of. 1,77352s
| And including that balance. the surplus
| of their total mt an- over the d. sfciency
Of their iInn1ertiate means is oply OCT, ,5S3
Or, upon the sum total of their means. 2j73, ,225
| Ii ~ fess than one-hHlf of one per cent.
| And the three northeastern centres
ard contiguous states without CEN
banks" of.....,,..,.., - 7.oz7,oes
| Aud, inciudipg that balance in their Ia
| yor the spfTius Of their total means
| over the deficiency Of their immediate
means, ~ oniE i3o3. 100
Or upon the sum total III their Means. co. 1876
l- about one-ffth of one per cent only.
This shows that tho northwestern banks are in
tho worst condition to meet the pressure. The ap-
parent balance due y other banks to them is in
clptsd in their sum of total of and yet their
s,ti7d,,, of total don't exceed their deficiency
cf immediate means more than one-ffth of one per
| cent. on their sum total of means.
| And hero we have to note the eMTtTtclsm of al
tspppg to draw capital from other states by raising
the rotc of interest many In the northwestern
section chiefly this attempt has been made, and We
| now sec the resut--utter weakness in time OF
pressure with prospect of utter impoverishment.
| The banks in Ohio ceased, comparatively to loan
their notes, but they sold bills ef exchange at from
ll2to Is per cent. Some of the others of these
| states abolished the usury laws And the money
changer, broker end shaver stood at the doors OF
| the United States land offices; and the donations
l,y congress of alternate sections to states which
gave them to railroad corporations, stimulated
| spsculations to the highest pitch of imitation
banks Of every grade were chartered aud operated,
the most of them, upon state and other stocks,
with scarcely any specie, until the rate Of interest
for the use of money rose 81 over % per cent per
snnum. And now they will discover the truth Of
what was said by a senator from Wisconsin, that
the draiciag Of money there upon ussry tods nat lif
aceaasiion but the loss Of cdpftai They will now
besin to see that money sent abroad is but a ser
rant sent to be hired for the profit Of lis o,oer And
whether that owner resides in or out of the state
it returns to its owner at 25 per cent with as much
more, or 1t doubles itselfeyery four years tgees
there 10 make profit out Of The community aoiic'
dlrGsos IL, and for The commitay which sends it.
will at such raised rate, soon take away exaetl,
double the amount it carried there, and ruin the
mass of those who borrowed il in time OF press
80 Ttay will haoin IN Ind out that ia will