Wheeling daily intelligencer. [volume] (Wheeling, Va. [W. Va.]) 1852-1859, 1857-10-10

Tnr FAcrs AND FrGUEEs OF YlRorSIA BAxk-
ING.-The precise condition Of the banks of this
State for the first of the present month cannot
nos be stated; sufficient time having not yet
elapsed since the beginning Of the quarter for
making up their returns and forwarding them
10 the Capitol But all who are conversamt with
the banking subject know very well that their
condition does not differ materially ST present
from what IT was three months ago when the
last official returns were reported. Il is sut-
iiccnt for all practical purposes II krow what
the condition of these institutions was on the
1<t OF july last Accordingly We give below
the figures for tilst date
B7nIs ,ehh CircnIatio5 net SeeUred
For the sake of comparison, we classify the
leading features Of the banks of the old system
in one table Of aggregates, and those Of tle
State stock banks il another. The banks q!
the old system are: the
Bank Of Virginia, Farmers Bank Of Virginia,
Bank of the Valley Bank Of Kanawha, Ex-
change Bank, Northwestern Bank, Merchants
and Mechanics Bank Of Wheeling; and their
condition on the first of July last follows:
Garital q: 40
Se;ss IN eirsuiAtoh,...-...-
Banks Of Secured Circulation.
The banks Of the State whose notes are guar
anteed by pledges of State bonds with the Treas
urer are: the Bank Of the Old Dominion, Banl;
of Scottsyille Bank of Rockingham, Bank Of
Commerce, Bank of HOwariSviile, Bank Of Nom
ticcllo, Bank of Berkeley, Bank Of Fairrnont,
Bank Of Rnckbridse, Merchants Bank, (Lvnch-
burg) Bank Of EincaStle, Merchants and Farm
cIs' Bank, (Whce!ingJ Bank OF Wheeling, and
Bank Of Winchester; and their conditions on
the LIST Of July was as follows:
Capital
s.at. Hsnds Win Trrs.Grer .r'' .99I
specie. .........+6'"C"
We propose to demonstrate tie responsibility
IF the banks Of Virginia foT every liability they
are under in any conceivable form, by the PLAIN
est possible tignre>; and in this examination VIC
shall make no distinction between the different
hanks or classes OF banks, inaSmuch as they
arc, each and all, with possibly the single cX-
ception of the Bank of Kanawha, established On
the old system Of irresponsible circulation) OF
equal responsibility analysis of the bust
ness Of each one separately would show as sound
n condition RS that OF all collectively.
Let Us see first what their linbiliues are:
LjqbHjtiss Of the Yirginia Du,lAS.
Note in circ,I0tion Of the banks Of the old
n, ,; ,ys !,, s;:: s "5
f.vis Dsostf i" banks of old system. 68a51T
Ia State Stock Banks "44''e
Aggregate uAble, to tn. .sIs94s9s9
Let ua now ascertain their assets:
-4ssets Of tic I'uiqinia BanIs.
Negotiable Notes under discount of bantI
ofth old system, s:sii9
God AMI svsr Cpin Of Usnss OF
s g si BSGs 'RSE DS for Stat: stock
nGs, par value.
Aggregate 3"2+ali7
Ag:rrSa: iisb!Iis. to public
Surplus liabilities.
YUu might. therefore, knock off forty per
cent, from the assets of the banks for bad debts
and depreciation, and still have enough to meet
their liabilities 10 the public, dollar for dollar
The total Indebtedness Of :he people Of Virginia
to the banks i $24,3is, G3l, Every body knows
that our people are in a soundcr and more sol
vent condition than they have probably ever
beer in before; and our own belief, based upon
Il considerable knowledge aud several years nj.
tcntiun to such matters, il, that one per cent
wruid be very heavy allowance to make on
this $24,3iSG3l Of bank Indebtedness for bad
paper. At all events, the banks themselves
would not give one per cent TO ensure the
whole debt.
We think, therefore, the soIvcncy of the banks
of Virginia, one and all, (wiUh possibly the
single exception have namely may be re-
lied upon by their notchOdera and dePositors
with implicit confidence.
Their circulation, taken Ivy itself, is certainly
good and reliable ia payments 10y the people Of
their Indebtedness to the banks. Now, this debt
8l-6SI
whiEe the e,rcuiarirn IS only iIST6
the debt Of the banks, on their PAPER To the
public not being half that Of the public their
paper to the banks. The folly ard ignorance Of
individuals may lead them to make sacrifices
the bank n"teS they hoI but as these notes are
available in dischargng popular Indebtedness
to the banks (Shcn are the most urgent and
the only urgent form Of udrbiedncS~), Of TWEEN.
ty-four millions oF debt agninSt eleven millions Of
circulation, there is certainly danger Of these
baml; notes becoming drug CT worthless trash
in the hands of the people.
S"t-It will be the Fpecie Of tie
Ia o: N: Wi:i= the specie the
GsosE bank il u per OF their circulation.
------S"N1p"S------
SENATOR SUuNEn. writes from Hcidclbnrg,
Sept. /. He had been in Switzerland, had
visited most Of its lakes. and crossed several of
its mountains Oh muicf,ack. lie had al'o been
III the PyEaneeS and tho Channel Island, and vas
about to visit the Highlands. of his health he
sayS:-"l am not yet entirely well, but am al
most My case spins out slowly; but find
that nav experience is that Of others who have
received Injuries to the brain. My general
health, which is now complete, is surely lifting
up the diseased part Of my system"
DIX. f. II. BRYoN, Of Mississippi, member of
the late West Point Board Of Visitors, has re-
turned home, says the Virksbnrg Times, by the
way Of White Sulphur Springs in Virginia. The