The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-01-04
Enormous Increase of Banking Capital In
fenDsyIynnin.


IFrom the Philadelphia Ledger, Jan.
Our Legislature will assemble In the course Of few
ccfa coming before will be increase OF the number
Of banks and Of the nominal amount OF our banking
actual capital Those who 90 argue know little Of The
nature and character OF banking
The amount Of capital be asked Of our Legislature by
the oiy and county twenty millions OF dollars
Tho present banking capital Of the state including the
capital Ct fourteen saving trust and deposit com ancs,
Hu 90 c doSs me business o. n:
State The following list OF applications that viii be
psen,sd By the interior or count. cosnsry interest =
one at 1ovsnda, capital sloo,ooo, with power 70 In
CT, ase the same 70 s2c0,0 600.
One at Clearneld, capital 800 coo.
one in Crawford county tor siso.too and power to
one At NcKeespor,, With sQ5o 600.
One at Hanover for 100000 with power to increase
An Siieshsny bank, with $500 coo capital
one at shamokn, with 100000, and power to double
one II scranton for $780, ooo asd power 10 double.
one a Athens TOR sito 600 and with power 70 double.
One Phopxvile, for sioo,ooo, and power 70 increase
one 81 Union,own capital sl5o,oeo
One Piubure with 5000 Co another win $500 ooo
One venapgo with 500 900 capital and one u Cou-
dersport with ike capital.
One ., Dsn,ne, with ,7oO Ooo and power TO increase
One :, sme,hpor,, for 100000 and power increase
ascousups, s,ch.rse and note eroslns savings and
ceposn bspk at washington, with $4,000 cap.taL
bank for ssvipes deposit and osoount with $50 600
One at waynesburg for power 70 increase 500 600
The York County Bank wants increase OF 500 600
The wyom,pe Bank Of 100000
Tbe c.rIss nepost Banh wants 10 be bank Of ISSUE
with power TO iDcfes,e BY s32s,eoo and
The Dsupbp Deposit Bank wants the same privilege,
with power 10 Increase BY 500 coo, and
The Nectsnics' Savings, At Harrisburg, the same With
Tie fs,on Bank wants 70 add 100000 TO lie presep,
capital.
nshlrr total increase Of banking capital asked for
outsce Of the city Of coo, which taken together
With city sppcsuens will make increase for the ssse
Of the city country that warrants any such increase Of
banking ~ here asked fort We presume that nine tenths
OF readers will NJ once answer po-cerainV no ne
cetsiy for all this Increase And yet much question
whether an ngumen, can be gvsn In favor OF any
Of them thas viii not apply with equal force 10 aI
We have not. beard Of one satishctoy reason In
favor Of any increase OF banking IN this, city from
which is sept up applications for " o-thrds q the
spcrmous sum OF The twenty millions solicited. Tbs
rate OF discount Of good commercial bills favorable
evpse The ssme care In investing their capital Al New
York the late trial OF Huntingdon shows The
sums pad there In usanoe money We question wbesher
anything done In our cay will d sr compare with the
dazzling way that business dsne there by operators In
What IL called captsl-snd yet N New York banking IL
quite unlmisd In fb amount
II 10 conceded that the charternr Of bank does not
Increase capital and capital s no, increased nor the
price Of chespened what other advantages are there
that viii compensate Cor The imminent dangers that fol
lew close the heeh Of undue expansion Of the
businessi We want banks In fhliadel pha, 30
far have been able 10 discover. For convenience Ia
toe exobsnge OF commodities We have quite enough.
What want s little more strinsency In existing
laws forcing bankers within the line Of legitimate bank
,s vhoh regret 10 cay, there has been recently too
nuch disposition 10 wander from 10 their dssdvsn
tore 70 the mnert hazard Of provoking that dis
uusi ftCh u 80 alta lc i5e bBsn.ts