, 1866-12-06


1.6f7 slt7.-.1lsl s5a,, ,4s7. - s.aa, ,775s
From the npuaber Of banks organized, hereto
!nse sated e be si5'een hundred aud sixty y-threc,
nrr1oer In active operation sixteen hundred and
Tie banks to be excluded arc the following:
SETTH coxTLErEO THEIR ORGANIZATION 50 a. TO
COMMENCE BUSINESS.
The First National Bank Of Lansing, Michigan.
,aIs TIE Fiat Sa'lons! Bank Of Penn lan, New
Tle Second National Bank Of Canton, Ohio.
1hr Second National Ban1s OF Ottumwa, Iowa.
sGfknsEoEn BT sCnsEprESr ORGANIZATIONS WITH
THE SANE T1TLEs.
,.r,;er' The First National Bank Of Norwich, Con-
The First National Bank Of Cites, New York.
lS TIE HANDS OF REcE1yERs
I The Etrsi National Rans Of Atslsa, New Yort..
,,Ihe The Merchants, National Bank Of Washington.
District Of Columbia.
CLOSED AND CLOSING rNpEn TIE rncyrstoSs or
sEcT1oN roR7I.Two OF TIE ACT.
3tc Flint Satiorai Bank OF Columbia. Missouri
1he Fisst National Bank Of Ca1oudelet, Mia
If First Satlopal Bank of 1eouarlsville. New
- The National Union Bank Of Rochester, Nax
The Pittston National Bank, Pit,ston, Pennsy1-
vanta: consolidated "ith The First National Dauk
,11e Bctk:hhe National Bank Of adams, Msss.-
ehuSetts, consolidated = III tho Fltsl National
Bank OF Ad1Ne, Massachusetts,
The Fourth Naifoun' Bank Of Indtananolis In
diala- consolidated "ih tue CilIxens' Bank Of IL
d:anaroI1e, 1naiara.
nsns Ts nat hnd no,e sonS ns
,he sct p:loF 10 The date Of TIC last report have
paid orcI 10 ae Treasurer Of the United States
and taken ap hs bSnds Mhieh 1be9 "
had crpcslt With the Treasurer FOR the security
OF such notes, a. follows. VIZ: 7T7''
s,i,GW. N~~@' -'@''~ - away 'D''SoDs't
Ihs FIrst sat1onal Bank Of ca;ontele., MIS-
scSti, n.,, Sa5;I@; ;I These hanss arc no closed
Of leona,l=yille, New York, and tie Satioaai
Urion Eauk Of Rochester. New Yo:s. Lave vai..f.-
taiiiy EiTsn notice OF going iuto .iaMaauon as
tic Fist National Bank q: 1eoaasasyil,e
n:nas acpo:iird :. .......:.::..:.... <S:s s
The NsIonai Union Daii Of Rochester nas as' ~
Saplsal oI... ACKNOWLEDGEMENTS. ....flH,G0
E1ads 1leposised.--.. ......-.-. s5a0 .
The Melei.an,s Saiionai Ban; Of washington i:
aud thc fcuango National Dank Of franklin,
rennss lvania having failed 70 redeem their ciscu-
ha1s asT @ noses s whsn T. presented for :at purpose.
required by law. The ci.cun1s,ancss attead;ns
.he fa'!nre otthese Two hanks were fai,y iu:csd:
q REPRESENTATIVES during the last session Of
The1eceivcr Of tile First National Bank OF A,uca
close ana dividend wi, he fscis-ea ~ n 49,
esat creditors Of the bank about lie f!zst OF
Circulating nores. nameT Fsi n sir ner cs,.f
ana SIS, SO r ass pcr cent nouds. we,a p psad Al
RSaess RI s,; 1ue!ioa s 2 e t6s sity Iess On
rnce with the provisions Of section tosiy-cl;at
of fao, The &C. currency ast Ths MT aoa. 1zd
in lawn, money sras cno-;e5 r1t s ~ tsa1,
Of ths United Siaes for The sedcmn,on ar tIa not
standing e1rea|a1ion q The bank: and, under In-
tle Treasury, according 10 TIC prosfsions Ut Sec
rTcd,inE. II ~ sho Mans n. s - sao tCn .Iht
inv c,rcn,s;fnn ,e5e,m ID ~ Ge1nS, =. -, I'M
tv,th thesn a|roniinns " tka E.a9 ~n5 T3soiy.
sn re- he,thn nea saan stss seem to 10 IN
as tsgs sae C es vss =
g. = ~ ES1Ro5s; Ihsir iots ;sseasees s ea shs
htics 10 Ike nnbiIc fne c1rcn1stion an aaasi,s IT,
wsre S.a, O., ,*Ml:GsAsi,Ssg; M leaying SURPLUS Of
iitnyi. 1,s,e ~ ,r H. ana WaSh arc
ita nni,ifr XVI tAe pasae1' VI all oepss 10
Es'ons R,1H. :! cIap.Mf 81 bonds and e.saso
iScsease @ II eapi;ai 1 paIa IN. -. ss1,s5s57
sieuls'dGn ap e;;:,is,ion i::;;. 7ss9
III ~; s,,'sssi sseSs sRsssass Il :os;eis
bs$ Fo s banE
ssvs rstlsea fully fty millio1s Of their
H.. vo1nme ~ cnnencV ansv ahont m, ,'1,n. IN
~ enTreet - In;sannsrhsnssnn sITa' n4sta T.
+,o mrI ~ n.nv ~ =. 10 antf-o e. ~
pona t ~ 11or aas - oegn 1 anoea 10 ne
sulLls " s IL aas ~ VEL 70 !aSa lnto
eonelaesaton ine . amount OF atate bink cEcula.
on ct nst Sf M Of
Gmsd States Il Tanna.y, ,is;s. "a oas Sasd!ed md
NoI;he,n !e%f; md Western st.tes s1uon oxo
nns q%e9 @ * G ssa aits No mssaef fenns were
IEmea'a!ely following inc suspension Of specie
paIil,enass theIs vs. an expansion Of bank pole
GefcSe,'Gn. ta W51ea n; f9aGaea y 1anaaFy 1 i1
dollaEs mfk:ns m 14sss3se s n one ysaF of af;y.
az Iniiltonf. Ke'lcved oi all liability
70 hred,sem, T., ti.S, tn2 es1dens tendency
fslis51e retarns late: than Jsnn.I7s ISL, s.c g.
seseio!e; but ths prevailing tendency Of the
70 hasSs 70 ass'l themselves Or TIC opportunity
noes Mitboat anY rssrans IN H, nv 81 If fas s
q state hanks The forty million, Of currency in
sssrcsate Of .wo hn.drei ana forfy % riiioas State
bunk circulation. .hfch hiss been IN great part re-
1nskinc any invidious corapsrisros, # is no
injuetfce 10 say THAT the substitution
g; enszensF based upon Uaitsd
-
tie miscellaneous Issues Of S:ato banks. has douc
much towards sustaining public confidence, md
preventing distrust and possible financial dis
asler.
HEDEHF51oEs-
The aw a. It uow Glands provides fof the Ic-
dcuption OF rational currency IN tbs cities OF st
1nu1ss Louisville. Chlca.o1 Detoit Wilwaukes,
New Orleans. Cincinnati, C!erelaId, Pittsburgh,
Baltimore. Fhfl1de1phia, Boston. New York, Al
bauE. leaEenxoT1h, San francisco and Washing
tnn. An amendment to the taw WAS proposed
drnng the last session Of Congress-, requiring Ill
Nai!onat 3a1ke.so redeem elthes IN Boston, New
York Or Philadelphia, but Was poa.poned
until the present session. Some system
oi practical and eteetlye redemption Is
desirable Tor the preservation Of \ healthy cur
LgncT, and as safeEnsrd against redundlucy.
uEuef the existing requirements, thirteen hun
dted and t'tnty banks ont OF sixteen hundred
end forrJ-s+Ten .yo1untnrly redeem in New
York, Boston, snd Philadelphia. These banks
represent two hundred and fo:ty millions OF cur
rslcy. or which threc{ousths are redeemed In
New York.
The game arguments urged In favor Of requir-
Ing redemplions In these Lares cities wonld, II
carried to their logical conclusion, establish the
e1pedIeucy Of requiring scdsn1utlpus At oAs
ceEtr1l point. Eve:y National b1nk In the United
states Is Obliged By The stiles OK business to
keep IN arco1ut In New York city; clearly soov.
Ing the current OF trade and the tendenc7 Of
money, and aflordinz evidence that New York Is
tho great commercial and financial centre
4 currency Of uniform yalue N all sections OF
the Euion Is OF the highest Importance to the
eornmsfcial and indusEtsl tntsreets Of The conn