The weekly north Iowa times. [volume] (McGregor, Iowa) 1857-1867, 1860-10-24

These figures show the relatice strength
of the Banks of the different States. The
immediate liabilities Of Bank are its circu-
lation, its deposits and the amount due
other Banks. The acGilabk or cash assets
are specie and currency en- hand and
amount due from other Banks on demand.
South Carolina stands at the bottom of
the list, and has but "a per cent. of cash
every 100000 of immediate liabilities
New York has 80 per cent, Ohio 43 per
cent, and so on to the top of the list, where
stands Iowa at the head of twenty -four
States with 634 per cent. of cash means to
liabilities or $63, 500 Of cash in hand to
every 100000 of liabilities, the balance,
together with the capital stock, being used,
it will be understood, in loaning. If a
time of pressure comes, the loan could be
readily reduced so that in less than thirty
days the State Bank could have 100 per
cent. or the whole amount of its liabilities
on hand in cash means. This, however,
would be unnecessary in the severcst panic,
as an immediate presentation Of any more
than small portion of the Banks circula-
ton would be impossible, it being so
thoroughly distributed among the people.
The per centage is really considerable more
than 631 per cent, as at least one-fifth part
of the deposits are on time and are not,
therefore, to be regarded as Immediate liza
bilities, though, under this head, they are
classed in the Report. We do not include
in the above list the Banks of Illinois and
Wisconsin as they are not specie paying
Banks, and many Of them have no place Of
business, and we do not regard them as
entitled to . position among legitimate
Banks.
Had the Banks Of the country in 1857
been in condition anything like that of the
State Bank of Iowa at the present time,
they would not have been forced to tenn
porary suspension of specie payments
The State Bank of Iowa is well prepared
for any financial revulsion, however severe.
No institution ever more fully deserved the
confidence of the public. It's system is
surpassed by none in point of security
while it is managed with marked ability
Except in short periods of extraordinary
demand, it is able to meet all legitimate
calls for discounts; and as place of depo
sit for the surplus funds of the farmers anl
business men of the State, it is just wha
was needed conservative and secure in
stitution. 1t isin its infancy, as yet, blu
it's influence is already powerful in tn
West, and when its capital, increasing will
the growing wants of the State, shall b
nambered by millions instead of hundred
of thousands, it will be light among tn
Banks of the Union.
An OLD ScoTcH USAGE AT BTRrHs.--Ther
= 3D. snk1 SnnkAscI soh .,coA 4
be connected with the baptism service, an
may occasionally be found ut the preser
day. A young unmarried woman takes til
child to the church, and she carries in HI
hand slice of bread and cheese, with . pi
out of the child's dress which she is boun
to give to the first male person that st
meets on her way.
An English duke (his name is Of no col
scquence) had arrived at Edinburg on SUI
day and was wandering through the tow
during afternoon service. A young woma
came up to him with o child in her arm
and presented him q slice Of bread ar
cheese. In vain he protested that be d
not know what she meant-that he h,
nothing to do with her or the child-that
was ignorant of customs IN the Presbytel
an Church, being of the church of Englan
and that she should give the morsel to son
one else. She was deaf to all his arg
nnts, and held out aathoritatively Z
bread and cheese. Thinking probably Il
the lass had not given him credit for VII
he had said, he told her in brief simplici
that he was the duke Of -, and that
had just arrived at hotel, which he nam.
The answer shut his mouth-"Though =
were the King on the throne, you maun
that bread and cheese from me-"