New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-01-04

Total Observation-Disclosures 80, 5OJ, J24 VI
There has been during the year, az increase of
United States securities Of g. 0i2 00 and decrease
If stocks of State 81 ,B9, 100; of bonds and
mortgages s9ls,G26 AZ; Of circulation s7Je 1903
am informed that there now IN existence and In
sper alton in this State hundred and two national
banks (sevonty Of which were organized since
January ], leG4) with an aggregate capital OF ST..
SI3 400 spd with an amount Of circulation issued OF
oa 1884 200; and also that the number Of State banks
shat have changed the national system included in
the above statement, Ii twentyfour.
The banking system inaugurated by this State. and
,srfected under It, laws has resulted in furnishing
Ssuency of unq STONED safety The essential features
Of this system have been adopted ny congress IA the
"Aet TO provide national currency, seenfea " a
articulation and REDEEM ptOn thereof approved February
q 1863 Thus the benefits which our own ctZcs nave
derived rom secured bank eircuaton win uhuei tne
more extended jurisdiction Of Congress, be enjoyed by
Che people Of other States. Numerous banEs nave
already been established under the National Cur
Sepcy Act and epPea,anees inaicate ,n lint t9e
30 issued by institutions organized under
Shat law and subject 10 its salntary provisions;
Ae interests Of our citizens cannot ia 70 DC suDscveo
by the introduction Of general currency based upon
ample security receivable for the public dues snd Ie.
aeemsbo at convenient points. The fears and prelu'
dices which were at first aroused o me extension .,
eress to be rapidly passing away and many OF the
banks organized under the laws OF this State are
taking initisory steps toward reorganizng under the
National Currency Act Under these circumstances, 1t
would seem 70 DO the dictate of wisdom on the part Of
fhe Legislature 10 grsnt such facilities for TIC change
"A sbal be within Its coGsi power The exist
ing laws are undoubtedly ple to- the protection Of the
outstanding circulation irged by them a. State inst
Sions, but the change 70 National Banks cannot be
effected save through tedious process. An act that
vhou,d throw the sanction Of law over the Transition
from State TO National institutions and That should
render the change more expeditions and with as little
disturbance practicable TO business relations wonld
A is confidently believed. be productive Of beneficial
re,ns not only relates to the institutions TO DC
Affected thereby but the community al large. law
having in view the object to Which have advertcd
was passed at the last session Of the Legislature but
failed Of going into effect through the want OF Erecu
tive approval commend the subject to your early at
Zen ion.
fISAECfs.
GtneraI FHnd-The Comptroller report shows =
secency in the revenue OF the general on the 3Oth
dsy Of September 1864 of se63s4 ST. This deficit Is
iess than existed the tb day OF SeptemDei 1901 ny
over $500 600, Us viii be seen below.
deficiency In the Revenue, September -
3Oth 1863 ~, 80 .ca ~
Payments Of the year .-....--...-.--- L4oo'ooo 81
Total ................. fs.65l,35l ~
d ,s....vt." 49, ................ 71s7,53G 81
Deficiency 3Qth 6spteubsg. ls61......." sstasA| "