The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-09-09

BY the change hessubefors referred 10 shown that
the public debs after deducting tbs amount In Tue
Treasury In each instance. was reduced sisozS ioi
between August and September instead OF $o
Is vas at nrst made to appear
More rotten umbers in national banking structure
have Just given way. Tue Farmers and ci'Isns BANK
Of Williamsburg has been placed IN the nsnas Oh re-
ceiver for failure keep good Its legal reserve OK
planned in the following order Issued oy the Comptroller
Of the Currency
oYrcs rar coxrrEoL,As or IN. Crsssscr,
WASHINGTON, ID. e., Sept .. 1861.
wh.r.a. the Farmers and Citizens National Bank OF
Rrookyo national banking association, organized pur
snant 10 the Of Ihe United States, and located in
The eity OF Brooklyn Ia the OF New York. did
on the 2Oth OF July 1861 have on hand IN lawful
money Of The United States, an amount equal to 10
Der centom Of It's circulation and deposits, and sad
association the 3oth day Of july aforesaid duly
notified TO make good such reserve Of lawful money
whereas sad association did wholly fail for thirty
days thereafter to make good its reserve Of lawful
jney The United States, aud has yet made good
the same appears IRON the report OF Charles Caen
der National Bank Examiner, made 70 this Office on the
Now there ore / H.iasd R. Hulburd, Comptrol er Of
the Currency with the concurrence Of the Secretary OF
the Treasury In pursuance OF tho power and authority
PlAit Of the CITY OF Brooklyn, New York, Receiver OF
the said ''rne Farmers and Citizens Bank OF Crook
gn" win al inc power duties ana re,pons,o' nTo
visions OF the ACT entitled An act 10 provide national
currency secured by pledge OF United states ooais
aud TO provide for tho circulation and redemption
thereof"
The bank in question established in 1852 and
suspended In 1851 but subsequently resumed business
and In 1868 Organized upder the National Currency
with capital Of half million. The failure OF this
bank has led the suspension Of the Merchants and
Traders Bank OF Greenpont which was originally Is
tablishoa branch Of the former, but sterward or
ganized a State in.ttuton. 1t, however kept its
r. ont
and the President Of the President OF tbs other
and with several OF the directors, the two banks
being virtually Que establishment
The First National Bank Of Kingston in this State IS in
trouble owing to its President having appropriated moro
than 500 900 Of ITS funds to his In conse
quence Of this the drafts Of the bank were refused
nsnt by It's correspondent in this city, the Fourth Ma
tionai The capital Of the bank Was $500 600, and
the amount said 10 b due TO s by tho president 10
SOL 700 Tho latter has however, Is reported, placed
all his property the disposal Of the directors OF the
bank, By which b expected the hanks loss will be
greatly reduced. The frequency Of such discoveries
leads suspicion that the undiscovered instances Of
fraud among national bank officers numerous, and It
becomes very necessary that all the national banks
should periodically subjected to searching examna-
tion according to the provisions OF the National Cur
rency act ON subject One OF the Treasury examiners
MI Calender in charge OF the bank al Kingston and
his report will determine its fate. II 10 doe 10 the
public that exposures OF fraud and weakness wherever
und in national banks should be prompt and thorough
great Of the people have an idea that be-
cause these institutions called national they
therefore safer places of deposit than private banks
whereas they not except with regard to their
circulation which is secured BY deposit Of government
bonds Washington The small country banks should
in particular be closely watched msny Of them were
es abshed merely further the personal ends Of spec
uaors by strengthening their credit and giving them
the use OF the bank deposits
The subjoned statement shows the highest prices II
which leading stocks sold At the 6rs regular board
on each Of tho following Saturdays:-