Arkansas true Democrat., 1857-11-17
The Bank of PeuusYlYauia.

The Bank of Pennsylvania was established about sixteen banks in the country. Its stock has at times been much above par. Only six months ago it was quoted at no. Now, ac- cording to the Philadelphia Ledger, the condi- ton of this bank, which maintained it's credit for upwards of sixty years, is as follows:
 "Resources, all told, S2,80OOOO; liabilities, exclusive of capital, $2, 100000; including capi- tai less S175,OOO held of its own stock, $4OOO- OOO Of the resources, the appraisers set down S1.3OO.OOO as good-leaving S1,5OO,OOO as doubtful and bad The good resources applied to the payment of the liabilities other than capital will reduce them to Sl. 100000. The account then stands, S15OOOOO of doubtful resources, to pay S1OOO,OOO of demand iabil- ties-makng difference of S4OOOOO in favor Of the bank, should there be no loss in the col lectons, equal to about S2l per share on the entire capital of the bank"
 The Ledger adds:
 1.-Two important questions, however, here present themselves. First, it is well known that large portion of its assets Is Tn the shape of defunct railroad securities, liens on Absecom and other lots, single named suspended paper and other securities of little value, which, it is believed, are nearly worthless, and will proba- Div reduce the item of s 5OOOOO of doubtful securities one- half, say to S15O,OOO, to pay the remaining Sl 10000 of liabilities, showing a deficit of S35OOOO in meeting the banks in- debtedness, and leaving nothing for the share holders.
 The second consideration is, if the bank pre- sents hiatus tn its assets of some Sl, 100000, as betwe en it and its entire outstanding llabili- ties, including capital what guaranty is there that there may not be a corresponding error Tn the amount of its liabilities? Instead of S2, 100000, thorough h examination and general presentation of claims against 1t may swell the amount some hundreds of thousand dollars more. If this reported result of the examina- ton approaches the truth it will be most un wise for the city banks to attempt to give it new life. From the astounding exhibit pre- sented we quite willing to believe the statement, as tis understood to be reported by the committee of examination, is the worst phase of the concern, and that there may be found enough in the effects to pay all the lia- bllltles. The poor shareholders! We iear there Is little chance for them. Several severe cases of loss and suffering, as the consequence of the terrible wreck of this favorite old insti- tuition, have been related to us, but as their re- cital would afford no relief to the parties atfec- ted, and be probably of little use warning for the future, we let them pass. There was meeting of the presidents of the several banks on Saturday, which it was expected would re- suit in an unanimous request for the Bank o Pennsy ylvana to make ssignment and should its officers refuse, then to apply to the Governor for the appointment of examiners oi its condition. under the law of the extra ses- sion of the Legislature. Liquidation seems to be the only alternative"
 We suspect that many more banks, which now make a fair show, are as rotten at the core as the Bank of Pennsylvania. The only way of ascertaining what the stock of bank is really worth, is to wind it up