The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-09-07
THE VIRGINIA BANKS.

The Examination into tho Affairs q the
| State Banks-A Sad State OF tle FL
nancfal Resources OF the Old Ipmtn-
fon-Millions or Confederate Bonds.
with but Little Specic-An Important
Report Forthcoming.
| OUR RICHMOND CORRESPONDENTS
RICHMOND, Va, Augusta, 1855
The commissioners appointed by Governor Ptrpoint to
examine into the financial condition Of the sevtal bank
ing institutions Of Virginia. and TO whom the Ulcers Of
these banks called upon to make special rports Of
their monetary affairs, recently held meeting Rich
mond at which the position Of tie banLs in question
was discussed and tho reports receveH ana fom a
casual glance at the gener report Of 'he officers OF the
commission we CLEAN III. following important items
Those banks which hare sent in yports follows
The Bank of Virgin, Rcrmond with its branches
at Petersburg Fredericksburg Lynchburg, Norfolk Dan
| VILE Portsmouty and Union,
| The ExcbanV Bank OF Virginia at Richmond with It's
branches nj Stersburg, Salem, Carksvile Abingdon,
| Jvncbburu I'D Alexandria
| Tho FsreH' Bank Of Virginia at Fredericksburg,
wvtbevav Backsburg Iynchburg Danville and Gaines
Vile
ne Bank OF the Old Dominion at Alexandria and
| perburg, and
rhe Bank Of the Valley Leesburg Christiansburg
BY way of illustration, give below the amount
Of rebel bonds and securities held by the Exchange
Bank of Virginia and its branches. also the
spcciethe round numbers being 50, 900 Of rebel
bonds to $3.50 600 of specie
STATEMENT FROM THE RANK or VIRGINIA
and its branches presents more satisfactory state or
affairs, this bank holding about $4,000 Of rebel
bonds with about $500 of specie The figures Of tho
statement Of the branch of the Exchange Bank Of yr
gnia at Norfolk includes the following named Sums,
vz:-Circulaon, nearly $500, 900; deposits 500 600;
ece, about $40 ooo while the bank holds 50 less than
100000 Of robel bonds and OF virginp coupon bonds
nearly soooVo In other securities he Virginia banks
hoh a consideraoi. amount OF southern State bank
notes, especially those Of us-rv,s In addition to which
they have claims upon argeamount of specie captured
Gcorga South Carolina andvorth Carolina. now bela
in possession by the Freedmen urcau the probability
being That much OF this specie will ultimately be re-
turned 10 them. -
This notes Of the following ndepc,en, banks or banks
basct upon state securities, arc nj least tho nyo
sent 'alue OF State stocks these stod being deposod
with he State Treasurer as security Or the issue dol
Bars OF Commerce, of FredcricksburA
Bat OF Winchester, at Winchester
Southwestern Bank OF Virginia, at wyeevillc.
Ban of kockbridge.
Ban OF Rockingham.
Ban Of the Old Dominion, at Alexandra and Perry
Meroants' Bank of Iynchburg.
Farfrrs Bank of Fitcase.
II Nvorthy Of remak, IN connection with the state.
ment o the Bank OF me Old Dominion Al Perrvbuyr
that thone and two oar notes issued bv This hang as
repuded by the prent institution at AIexandria as
not beIg authorredy that institution and from being
ISSUED rithn the lDei confederacy. There werc hui
about twenty thous dollars worth of tbose blls Isuod
The following indefndent banks which were authorized
70 chang, taer MOD OF banking by withdrawing their
State securities anAking in their no,ss coanisrsunod
by the ssto rreastr are 10 moro distressing financial
condlsop their ss out being large and their sccur.
ues oene IN me fn OF the various bonds and Of
the defurct conferacy, with trinng amount Of spe
cis bslIs ecoivabor real estate 10 meet them -
The MmticeIoank Of Charlottesville.
Bank II Howajvie.
Bank q the c1honwefth Of Richmond.
Centnl Bankb Staurt6n.
Inc slculaufis that the Bank OF the Valley and It's
pranchss Will IN better condition than any OF tho
vsnks he $40, nom the Fact that the branch institu
s2ns Mooreld Hardy county; branch at Leesburg,
yencb - Rop,cy, snd tbb patent bank at Winchester
coset their ocrs N i1, refused 70 do any business
my the contry was again IN ssetted condition and
consequently escaped TO considerable extent the dis
~ E ene@ o. Confederate patronage which fell 70