New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-01-04

| NVpPci coiheBc' ''''''''''''''' '"'VV" 49,
! fetal. ,3I s4sO,l0
Mr.. James VI. Cook, Superintendent of the Bank
Department of this State, has issued his annual report,
which is moi particularly brilliant in lis opening re-
marks, being favorable specimen of what painters
call the chiar0-scuro-he clear-obscue. The Supern
tendent says
II is not the intention of the Superintendent TO dis
cuss length the that have produced the imam
cial difficulties at present existing but simply 10 place
bis individual opinion on record that If the capitalists
the business men, and the producing classes OF TINS
State are to be subjected TO almost yearly reyusor'
our money markets. it is time for them to seek Tor
some remedy at least for political monetary panes,
however diversified extended the cause or causes
| may be that produce them Without endeayonn2 10
poini out the remedy for existing difficulties the Su-
perntenden may be excused for saying, that capital,
whether it the shape of land Labor stocks, or
money only find stability in it, value to its posses
sor in the pernanency as well the vigorous enforce
ment of the laws by which we are governed a. PEG.
pie whether administered by the State or the National
| Government. The permanency OF our laws IS second
airy in its operation to their vigorous and prompt
| enforcement, as they exist The adaptation and
employment of capital existing laws ir proverbia
even if oppressive, and is sure protection from COM
parative humiliation, while failure TO execute them
| is fatal to its value under all circumstances.
These periodical revusons may be condition OF the
form of government under which live. If 80, it is
serious difficulty, and drawback 10 our prosperity
aud onward march ms nation. The founders OF our
government left single legacy 10 their suecessors as
remedy for all difficulties thai might arise, and OF
whatever nature, viz, the prompt and vigorous en-
fOrt ement OF the Constitution and the laws. bad
| law enforced s better than good one meXecuied.
The admits of amendment and coTeclon the other
leaves the body polite TO certain death from inanliion
The one is eeTtaG!y, and capital can, and viii ac-
comm6date itself to lis exacons the o.: Is AL WI
certainty, which utterly destroys and snnhilate7 il.
Hecommendsthe action of the Ncw-York City banks
in combining for mutual support during the recent
panic The aggregate amount of securities held for the
Circulating notes issued TO the free banks of this State
including cash. is 800 i62 IL upon which currency
has been issued amounting to s2SSiI, il6. The Super
nenden, has no hesitation in saying that the currency
of the free banks aud bankers of this State never was
better secured than AT the present time, in the kind OF
securities held by the Department. The amount OF
bonds and mortgage held by the Bank Department on
the LIST Of October, 1851, was A. $50 81 ~
while the amount Oh the lst OF Oco-
her 1860 was sJ.SJl t63 -, showing
decrease in that peculiar security of s20Oi.76 ~.
The Superintendent also holds in trust for the Buffalo
Trust Company, 500 600 in bonds and mortgages, and
for the United SiatesT1s Company, Ncw-lork, 500,
COO in Auburn City stock, making the total amount of
securities held in the Bank Department, on Ike 30ih
September 1860 for all purposes 500 ISL S3 81 being
an increase during the last fiscal year Of lJ6 ITO ~
The number of banks banking associations aud indi-
vidal bankers, actually doing busincs- in this State on
the 3Oh day OF September last, was Jc6, and - wen
either closing their own siars, or are iDsOyenl aud
their business is being closed by this Department ieav-
ing 3i3 open bank accounts nponthc books of this Office
The entire emission of bank noies from the Bank De
parimeu, including that OF incorporated bank banking
associations, and individual bankers, Is s's,0l, 800,
against $50 jsl 276 in 1879, being an increase during
the past fiscal year OF - I535?
Tie absolute increase Of the currency IN actual crcu'
aion of the banks of this State during the past fiscal
wear, has been T., 1SS. 49,
The totp, out. ,ndng circulation Of tie expired ncor.
nord bank oD a. oh Of September 1870 was. eoSEl
On The 18th September, iJSS
Returned and DESTROYED duIins The !ssf,...,,. t2eT
The Superintendent expresses his confidence IN The
Banking law az Il now stands and states that It needs
no amendment. The following table exhibits the total
amount Of outstanding circulation issued 10 Banking
Associations aud individual bankers, and the Amount
and character of the securities deposited and held IN
trust ior It's redemption on he ''oIh day of September
1900 ... ....
Outstanding c c!a ion wv W
sECtEITlEs. .--.- - !.
Bopd snd mort .''ss f''v' ~