The independent press. (Abbeville C.H., S.C.) 1853-1860, 1858-01-15
ABpEv11E c. H. S6UTh cTotIx FRIDAY MORNING JANUARY M =,
Notes discounted on personal Sc,


--'.s--..-.ee.--N -e.-N
Notes discounted on personal Sc,
curi,v, >. -. .... 1910
Domestic Exchange, -. 905,Gl7
Exchange Bonk, Cotumbid.
b ills in circul;; 'i.,n. ... 99S,394
Specie $3.50. 100 in coin, 3S,l35
Notes discounted on personal Sc
curi'y, :. ........ 2S2,303
Domestic Exchange, 49,. 1,2Ol,975
Peoples Bunh,, Charleston.
Bills in circulation, 934.49O
Specie l2 to l.. ...... H,79o
Notes discounted on personal Sc
curly, 4s2,7eo
Domestic Exchange, osG,2s4
Farmers ond Erchomye BanE, Charles
ton.
Bills in ejaculation, =. 1,1l5,5l0
Specie g to l., -. :. 1858
Notes discounted OH personal Sc
cur;y, 753.736
domestic Exchange. 1,lG5,256
Comntc'cadt Ban& Cotnmdtd-Spcc1ep pdy-
ing.
Bills i'll circulation, 45O,O55
Specie to ], 70.7lO
Notes on personal security, Gl0,G50
domestic t.Xcha"ge, =. 5S9,GlS
ihe operations OF the above Banks under Il
period ofcontraction, Sept. 1857.
, Nemdefry Banh.
Bills III circulation, -. 52O,72l
Specie, 3G,G57
Notes on personal security III
August S24 4,434, $4,000
.St.l "a tpn
Erchahge Ddnk.
Bills in circulation, ...,. 470.4s5
Specie, 37,543
Notes on personal security, 3lo,37s
domestic Exchange, GIL 1853
PeopteS' Bdnh.
Bills III circulation, 35o.9So
Specie. 34,0G5
Notes on personal security, SG,05O
Domestic Exchange, 975, ,l49
Farmers S dnd Exchange Bank.
Bills III circulation. 64G.0S5
Specie. 7G,59O
Notes on personal security, GIL ,4GS
Domestic Exchange, =. ss5,6l2
Commercial Bank.
bills IN circulation, 330.455
Specie, 1865
Notes on personal security: -. G79,4O7
Domestic Exchange, 476,341
Now 1t can be seen from the above alb
stracts, what KIND OF business some of our
suspended Banks have been engaged in, as
compared with the operations OF one OF the
best managed Ban Ks II. this State. Have
these Banks been fulfilling the Objects and
purposes Tor which they were created g
Lave they been Ioan'ng their capital TO
ti,e cii'zens OF TINS State Have they been
allofd'nS 'ac''''ics 10 BRING forward the pro-
duce Of 'he country Let their line o
discounts answer: The Ne"berry Bank
h"d o"'ysia''i" loaned on notes secured
oy personal security, when SHE had IN CIR
cu,al'"n soo2ooo. Exchange Bank had
| only s2o2'ooo loaned on noies on person
al security when she had IN circulation
o9s' 'ooo' and SO on tlroug ho"t. the whole
list OF suspended Banks. The loans to in
dlv'duals on personal security by all the
suspended Ba" X will not exceed $4,000,
600, while at the same time these Banks
have in circulation Bills to the amount 0
over Se,oOo,oo0
Look at the operations of the CONNER
cial Bank; 1t had 100000 loaned o,
personal security, while it only had $3.50,
600 in circulation this was in prosperous
times. But follow this Bank down to til.
month of September, when the crash came
do we find it drawing in its discounts In
stead OF that, we find that it had actually
increased its loans $4,000, when it woule
have been supposed that it would Scontrac
like some of our other Banks. Look at ii,
Domestic Exchanges ; do we find ,ha
amount exceeding twenty, forty. sixty an,
eighty times the amount loaned on persona
security, as is the case with some Of on
suspended Banks? No. 1t appears from
the exhibit, to be fulfilling the objects 70
which it was created viz: lhe acco1nmo
sana Of ns asd pyGRs stda at A n:, BY 9"h
r ing 'ep' our produce. due; "N0 "'''''s' '0' o'y
The question naturally arises where bav
| our SuSueudpQ Banks .emOlCypd this yaS