Evening star. [volume] (Washington, D.C.) 1854-1972, 1857-10-12

Capital stock. Observation-Disclosures Sill 947 a5O
discounts. ACKNOWLEDGEMENTS. 2l,923,l19
DDeposts .:...;..:............... 6,aS6.32!
Notes in circulation. Observation-Disclosures. e,Si4,92l
SP0SiO'' ................. 20Zo:HoO
Banks Of Secured Circulation
The Banks Of the State whose notes are guar
anteed by pledges Of State bonds with the Teas
urer are the
Bank of the Old Dominion,
90 Scottsville.
a" Rockingham,
Commerce.
4" Howardsvilie,
Monticello,
4" Berkeley,
" Fairmont,
" Rockbridge,
Merchants, (Lynchburg)
GO Fincastle,
4" Merchants and Farmers, (wheeling)
/" Wheeling,
" Winchester
and their condition on the LIST Of July was as fol-
lows:
Capital stock ACKNOWLEDGEMENTS 50 ,642, $50
discounts ..:........................ 2,i25. SIP
Notes of circulation ..... 2 1G3 Osi
State bonds with Treasurer. 1901 300
Deposits ........,.... OH GO
Specie. a65 mn
We propose to demonstrate the responsibility of
the banks of Virginia for every liability they are
under In any conceivable form, by the plainest
possible figures; and in this examination we
shall make no distinction between the different
banks or classes OF banks, inasmuch as they are
each and all, with possibly the single exception
system OF irresponsible circuiation) of equal re-
sponsibility; an analysis of the business of each
one separately would show as sound a condition
as that OF all collectively.
Let us see first what their liabilities are:
Liabilities Of the Virginia Banks
Notes In circulation of the banks of
the old system Observation-Disclosures. 81 su OBJ
OF the State Stock Banks 2aG3 055
Funds on deposit in banks Of old sys-
TEN ......................... 6.356, 321
In state STOCK Banks. 94i,679
Aggregate liabilities to the public. SIS, 3is $50
Let us now ascertain their assets:
Assets Of the Virginia Banks
Negotiable notes under discount Of
banks OF the old system. ....... S2Is9I1g
Ct. S.a,e rtock Banks. 2,425,512
Told and silver coin Of banks of old
system. .....:................... 2,52e, 2s8
81 State Stock Banks AS O00
State Bands held by Treasurer for
state Stock Banks, par value. ...... 2,9OI 200
Aggregate assets. observation-disclosures. $50 2i3rI7
aggregate liabilities to public. 1885 $50
Surplus of assets over liabilities. s11 s9I. I35
You might, therefore, knock off forty per cent
from the assets OF the banks for bad debts and de-
probation, and still have enough to meet their
Liabilities to the public, dollar for dollar The
,ota ihdeDtedness OF the people of Virginia to the
banks is S2l ,3iS ,63l. Everybody knows that our
people are in 4 sounder and more solvent condi-
tlon than they have probably ever been in before;
ana our own belief, based upon a considerable
knowledge and several years attention To such
matters Is, that one per cent. would he a very
lazy allowance to make on this s3f,3ls 1891 Of
bank Indebtedness for bad paper. At all events
the banks themselves would not i've one per zen,
to ensure the whole debt
We think, therefore. the solvencv of the banks
OF virginia, one and ALL with possibly the single
exception we have namely may be relied upon by
their noteholders and depositors with Implicit
confidence.
Their circulation, taken by itself, is certainly
good and reliable in payments by the people Of
their Indebtedness to the banks. Now, this debt
While the circulation i, only 6ss
the debts OF the banks on their paper to the
public, not being half that Of the public on their
paper to the banks.
PUBLIC LANDS QUEsrIoN-A question is
frequently raised before the General Land OF.
hce, as to the necessity of the residence of the
wife of presumption claimant upon the land
claimed by him under the presumption laws
For general information on this subject we
have to say, after due inquiry in the right
quarter, that person claiming the benefit of
the presumption act Of 1871 is required to es-
tabllsh, by competent proof before the district
office, the performance of certain acts prior to
making an entry.
man being the head Of a family, must show
residence 'ciM It's family on the land claimed
There might be sufficient cause precluding the
possibility Of the wifes residence on her hus-
bands claim but the suf1iciency of the cause
can only be determined when the facts of the
| case are presented in the form of proof upon
which the law requires the Register and Re-
| ceiver to adjudicate The Interior Department
cannot, in advance, determine questions of
right upon mere speculative inquiries; but will
exercise its supervisory power in declaring the
| right of q claimant in whose case the question
may arise, when the facts are previously passed
upon and reported to the General Land Office
| by the Register and Receiver.
THB VENERABLE GEORGE WASHINGTON
PARKE CUsTIs died at Arlington, Alexandria
county, Va, his residence, on Saturday morn
ing last, aged rs. He was the last survivor of
the family Of George W ashington-having been
| the grandson Of Mrs. Washington. He sank
gradually down into the grave surrounded by
his family and friends and enjoying the esteem
| OF all who knew him. He leaves q very large
estate, inherited from his ancestors and &C.
quired by marriage. Few men were better
known; for his love Of the memory of Washing
ton, and his social habits kept him throu ghout
life surrounded by the attentions of the genial
hearted and patriotic from all quarters of the
Union, when in this vicinity.
The TIxEs.-The thoughts of all men co.,
tinue to be intensely fixed on the monetary
condition Of the country. On Saturday last it
remained substantially without change from
It's condition seven days before. Our exchanges
In the course Of the week brought US informa.
ton of about as many commercial and bank
failures as occurred in the course ofthe previous
week, and failed to bring US the desired infor-
nation, that concert of action had been mi.
tisted to the end Of restoring public cont.