New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-04-13

E En- ] i; ::s, :t:.s 3i5 s3
Bank Of AnsFc.. $40 2llA -.
To:a....... s0,so7ao $4,000 sl21Los4 sleS.
Incresse....266 al lneres'e..S9,53 SO
The Exchange market iiien materially under the
improved quotations ron N-w-iork. In Sterling the
transactions at aimed large extern, s. range OF lUI
| dIo7j .or clear bills Al the olose, the market was
swept OF all the offerings. sud the leading drawers
advanced their rates 70 1914. Sone drafts with bill
Of lsdng were passed r. I06 iGbl. Francs continue
Isgltc;ec snd only small sales can be made a, =
| 80 fair business was done in sixty day bills on
| New-York at az E per cent discount. Ls,ge
az cunts of sight cold - 26 aud q cent dis
| count. round sam of i've days signt was taken az
| Z. The Banks cheek over the counter az :.
The annexed letter upon the Joiot Stock Banks Of
London was received by OF the recent steamers
It was written by American gentleman travelling in
Europe:
While in London few days since, my attention
was called 10 the posi- ion Oiae JOINT Stock Banks OF
that city, and think few facs, taken IRON their
own statements may be interesting to yol, will
briefly notice tie most important facts OF three OF the
most promnent of these baDAs The balance of them,
six 10 number, or comparatively ieceht osie, ana
th, IL business Is yet but sm si
The ponnd have calleu S. little more than its
value but rot enough 10 materially affect the result:
N S.9ii.i S CAPITAL al p.,o,..
London and wes,r s.nk s2stoOcO s5oco5CO s6sii5IO5
4 Esf Sas sa Sas sG L Sa5s % S S
To,sl..........,.........sll,G0 100000 sl7l So so
"Here we are presented with most astonishing re-
suit With an actual capital Of only 81, GEO. 900 tex
Guiding fund Of abou. $50 900 10 each bsuk
these three banks hold the enolmous amount of one
hundred and StreRty-OHe militoa three huhdref and
sixiy-tro thousand fUe hundred and serenity doLars,
belonging to ell classes of the community More than
fifteen thu es their capital,
9 ] notice, aso that almost all this vast amount IS
loGued out the bdlk of the assets represented
By bills receivable. Con such position as this De a
safe ore How small portion of this hundred and
seventy odd millions, if los, would sweep away the
entire capital!
"As for the nonins! capital it lie of no real value
the stock nj these hanks is gen.ray held by per-
who have little else ii IN toe stock, and VINO nave
thus Invested their small means, as the best way OF
getting large returnf about 20 y cent. And ths re-
mark also Gispases Of the unlimited LIABILITY OF the
stock holders The only tangible 0r real security that
the dePosit9r can lock to is the paid ap caPit Iae
nominal capital and Unlimited liability OF the sub
critters is Lot worth a tartling.
:" The whole nine banks ioct up as follows: Nominal
capitol, SIS 10000; paid up, sl9,750Ooo depo;l.'
$2O7 81 ,9S0-a somewhat better position when thus
taken tog'tter than when taken separately. You VII
however that the tbroe fret named backs are the
ores most worthy Of attention.
81 would observe that these feIres are taken from
the Cc al reports VI these Institutions, made Dec 3i
1871.
"The following wss the position of The Bank Of
Eoelsud, March 3. Bank of France and branches
March II, and the Nex-York Banks February l3
CsIi.sL...$ 27sjWe : S65oG0 $ofg0Co
Deposits 90. lo4lC4sC5 A. 10t6S Si.<2S4l!
Cirruaiop ION2l69sO ia 30s i67 66Y7Hl
Buior..... s8Ot6 rs 675b?5 So.2.6,.'5
francs the dollar.
The New-York banks, notice sre fair sample
of al the solvent hacks in the Sstes, and tonk'
when compared with those have Lamed, show a tar
better position ard one that has surprised me- mas
much az had supposed we were credit personlnel-
our banks far les stable than those have m5d, anu
our whole fabric OF d ade resting on foundation
sandy when compared with England. But such | ind
not the fact The following SHOWS the liabilities OF
the several moueyed institutions. The JOINT STOCK
issue no bills: $500 $1,000,
Three io.rt.stock banks capital sll 600 OOc; de-
posts and bills in circulation, sl7l ,3o15IOi nj cen
tunes the capital. .,-.-ooo
and bills in circulation, SUI, 3-l,'19i three Hnes
Rank of Fame. capital s36 jOO, 600; deposits and
bills in circulation s63 ll3,l 1903; five times inearyl
the capital .oo nm
and bills in circulation sgO $50 io3 one anu On -1u
times nearly the capital.
"By this memorandum, it s apparent, al Z .nce'
that our banks aie much stronger than the Ike lnsti
tutions in Enr0pe-s fact thst Il not acsnCfieuseu
either at bone or abroad. ,,.,
" The Joint Stock Banks Of London exhibit q de-
gree of cotfderce never yet leposed ia shy oHei
noreyed institutions out Of EDgsId and very much
doubt if with such limited capital, they could con-
msrd tthe of the business which they now do they
were in New.York. OF course, their solyency 10 not
Que stored but doubt tue p,oprety OF placing go
much in il suutons Of such small esp tall tor, II mis-
fortune overtskes toem, the diress and rum deep
ard wide-.oo much so - be IN the power Of two or
three men TO make. Perhaps this matter Will not oe
yerv iuere sting 20 you. II Is dry subject, admit,
10 write abou; bu, the figures baynS as.onshed NE,
though, they might az least be ner 20 you, hence my
embodying them Tor your inspection.