Daily Nashville patriot. [volume] (Nashville, Tenn.) 1857-1858, 1858-01-04
hanks and Banking.

The Legislature assemblies again this
morning and the all absorbing Bank
question, will, of course, be again taken
up for consideration. We have nothing,
at present, to say of the merits of the bill
which has so long distracted their counSels.
We would suggest, though, whatever may
be the fate of the bill at present under
consideration, the Governor should be
vested with power to call for a sworn
statement Of the condition Of any bank, at
any time the public interest, in his judg-
ment, may require it. The benefit of such
power judiciously exercised, is too palpa-
BILE to require explanation. 1t would also
be we'll for the Legislature to address in
terrogatories to the various banking insti.
tutons of the State, with view to laying
their real condition of solvency or nsol-
vency before the public. This course has
been set on foot by the Senate of Ken
lucky, and we subjoin list of the ques-
tons, which that body has resolved to put
to the banks of that State Modified and
extended so as to meet the condition of
affairs in this State, we think it would be
highly useful here. 1t is as follows:
BE it resolved, That the committee on Banks be
instructed to put the following ntcrrocaves to the
proper officers of the various banks in this Com
monwealth.
l. What has been the monthly average of spes
Gle IN your bank for tn last fscal yearY
3. What proportion of notes have you had in cir
q aam n b,f
OF notes have Won in circulation of a less denomir
nation than five dollars?
3. What have been the expenses of your bank
for pay Of ofic. rs, clerks &c?
4 What amount of capital have YOU empo we'd
in purchase and sale of bills of exchange, and
what amount given on distant points has beer re-
deemed at your hank, returned against the draw.
ers of the said bills?
5 What have been the gross profits realized
las shown by your books) on your capitsl stock
for the periods of the last fiscal years
6 What amount OF bills of exchange have been
purchased with the funds of your bank either bv
yourselves your agents, from citizens of othe.
States aDd what have been the ties charged th-re
onS State the number and amount for each month
since the last session OF the Legislature
T. What amount Of bills of exchange have been
purchased from citizens OF this State, and at what
rate of discount? State the number and amount
for each month, since the last session of the Lee
GESTURE.
..
you sold to parties residing out OF the Statr of
Kentucky and at what rate per cent? State the
amount and rate since the last session Of the Lee
gslatuTe.
8. What amount OF money has your bank loan
ed to private bankers and brokers residing out Of
Kentucky, and at what rate have such loans if
any, been made; and what amount of bills have YOU
purchased from such persons, and at what rate?
State the amount of loans made to such persons
and the amount of bills purchased from them, for
each month since the last session.
To- What amount of money bias your bank loan
ed to private bankers and brokers residing in Ken
lucky, and What amount of bills have you purcha~
ed from such persons, and at what rate have such
loans been sde, and hills been di.cOunteds State
the amount and rate for each month since last ses-
sion.
IL. What amount of money has your bank loan
ed 10 banking Institutions out of Kentucky, and
what amount OF bills have you purch sed from such
institutions and at what rate have such loans been
made and bills been bought? State the location
OF such institutions, the amount loaned, and bills
bought and rate for each month since last session.
H. What amount of money has your bank
loaned to banking institutions IN Kentucky, snd
what amount OF bills have you purchased from
such Institutions, and at what have such loans
been made, and bills been bought State the
amount and rate for each month since the last SEES
sion of the Legislature.
Is. In purchasing bills in n w York, do you not
above legal interest, aud what is the charge usually
mai,f
IA 1t is not true that you generally charge
premium for New YoIk bills, and, if So why is the
charge made against the seller OF bills, when il is
almost certain that when the bill is paid you can
sell the proceeds at premium?
l5. What premium have you charged for sight
checks on New York? State the rate for each
month since the last session OF the Legislature
10 What amount Of notes have you now in cir
culaton, payable at your principal bank, aud at
each and every one OF your branches
II In paying out your notes TO parties present
ing checks upon you, do you commonly pay out
the notes OF your own bank in preference, or not!
Do you or not make selections aud paw out the
notes (when you do give out your owu) of your
most distant branchest
Is. In order TO prevent demands being made for
coin, Is it or not the practice Of the banks of Ken
lucky TO every effort render the currency
as irredeemable as possible, anl with this ve~ 90
you not exchange your notes with banks at dis
lance from you receiving in return theirs snd pay
Ing Out their notes at your counter aud they pay
ing out yours! With what bank or banks have
you made such exchanged
ls. Where each OF said bills of exchange
drawn, aud where payablef
90. That the banks furnish a semi annual 70
port Of abe condition OF their banks for tue last
six months.
Aud that the committee euter into an imme-
date correspondence. and report al shsf earliest
pOsslble convenience"