The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-01-06
HERALD WEDNESDAY g. loea-TRPLE

few years. One OF these-the Mechanics and
Farmers Bank Of Abany-has evinced It's conf
dence In the free banking system OF the State Of
New York by returning to it from the national sys-
TEN under the provisions OF the enabling act Of
1861.
one banking association, one trust company and
two or more savings banks have been organized
during the year, and other banking associations
have filed certificates, but have not taken the hna
steps TO organization precedent 10 the transaction Oh
business.
In this State outstanding and charged to their ac-
counts, the LIST day Of October last, was Two mil
lion nine hundred ana youp hs one iEee
Elk hundred and slxty-hve thousand eight hundred
and fftydve dollars were issues OF free banks, one
hundred and thirtysx dollars were issues Of safety
| fund and Incorporated banks. The amount Tor
which securities were held by the OF
| tine Banking Department was two million Twelve
| thousand seven hundred and sixty-eient douars,
leaving unsecured nine hundred and forty.one
| thousand six hundred and twenty-tnree dollars.
But tins consists for the most part q notes Of very
| old banks and Is represented by their account q
supposed lost circulation or OF banks tnat r
dollar for dollar and In some instances IN goiu
The amount OF circulating notes returned 70 inc
| Bank Department and destroyed during the last
fiscal year was nine hundred and ninety one thouS'
and two hundred and seventy-three dollars.
The Adiutant General reports that the National
Guard OF the state H. In its organization ana dsc
pline, In sound and prosperous condition; tnat y
| numbers between twenty live and thirty thousand
| men, and consists OF
Fifty regiments OF infantry.
Three battalions OF infantry.
One regiment OF artillery
Three battalOns OF artillery.
Three batteries OF artillery.
Three regiments Of cavalry.
Two battali0ns Of cavalry.
One squadron OF cavalry.
The Legislature OF 1865 authorized reduction Of
| the maximum force from fifty thousand To thirty
| thousand, and during the year f0rtynne regiments
OF infantry and two battalons Of artillery have been
| disbanded.
| 1t win be my aim to reduce, as far as possible
the military expenses OF the state without impairng
| the efficiency OF the State National Guard.
EDUCATION.
The condition OF colleges and academies Of the
| State will appear from the aQnual report OF the
Board OF Regents Of the University. The opening OF
the Cornell University at Ithaca IN October last was
| an event Of marked interest The widely extended
influence OF the academies III the state entite them
| to liberal consideration. A suggestion has been
made that the annuity Eiven than thirty years
| ago, from the United States Deposit Fund, might
now, with propriety, be increased. The state Il
brary and the State Cabinet OF Natural History, both
under the control Of the Regents Of the University,
are In satisfactory condition The additions to the
library during the past year have been larger than
usual The collection Of the State Cabinet has been
| greatly increased. recommend the usual appro-
priatiOns for both.
Submit the following statement in relation to the
common schools for the year ending September 80,