The Portland daily press., 1871-01-19
DAILY PRESS,
PORTLAND.
THURSDAY, JANUARY 10, 1871.
The Bank Examiner,s Repo.t,

VIM. Phbrick, Esq, Bank Examiner of the
State, having visited the several savings in.
stitutions and banks of discount and deposit.
VIII in few days make his annual report
vi the W State banks doing business in the
state In 1868, at the time ofthe Congressional
enactment establishing a national currency.
and having capital of SO, ,OO8 900. Afty.seyen
have been replaced by national banks. four
have been closed up without successors, three
are in process ofcosing, and five with capi-
tai of $445,000, have BEEN rechartered. For
ty-nine of these banks are still liable to re-
deem their outstanding circulation. The bills
are promptly met by the succeeding banks, or
by individuals who assumed the liabilities.
No State bank has issued its bills for six wears
and it is presumed that but few of their bills
are in existence, having been destroyed ex.
cept in rare cases where people have laid
them away so safely that they have been for
gotten.
Closing Banks. The American Bank of
Hallowell, has been in the hands OF recey-
ers since September, 1855, with no promise
yet Of speedy adjustment OF its affairs. SIX
months were allowed creditors to file their
claimsC Certificates were issued by the receivers.
during the time, amounting to S43, ,467 OIL
Thew have received from the assets Of the
bank, of principal and interest, S27i i467, ,01,
and have paid 10 redeem liens and MORTGAGES
$7,9SS 21 and for all other expenses and ser
vices $7,44633. leaving a balance in their
hands on the first of March, 1870, OF SI2,OlG,.
26, or about twenty eight per cent. of the liza,
bilitles, exclusive of interest At the March
term, the Court ordered a dlvident of
twenty five per cent. to be paid
to such holders of certificates as should sur
render them and release their claims. SI2-
S56.04 of the certificates have been surrender
ed, for which s3.2l4.0l has been paid leaving
50 S02 25 cash in the hand OF the receivers,
and $30,6'1 81 outstanding certificates. At
the October term, the Court directed the re-
ceivers to bring bill in equity against the
stockholders to cover the amount OF the de-
ficieDcy.
The Alfred Bank has an undivided caplal
of $2l 500. A committee chosen by the di
rectors to investigate the affairs of the bank.
reported in October last that they hoped to be
able to make final dividend of the assets
very soon.
The Searsport Bank still continues, with an
undivided capital of $l1,9S so, and deposit
of $11. 1856 81, the larger part of which is due
to stockholders, it being dividend of the
capital, and is drawing interest from the earn
ings of the bank The cashier says the affairs
will be closed up very soon, with no loss of
principal he thinks, TO the stockholders.
Since the last annual report of the Bank
Examiner, the City Bank Of Bath, and the
Bank of Commerce of Belfast, have entirely
closed their business.
Rechartered Banks. Agreeably to the pro-
visions OF an act of the last Legislature, the
following banks have extended their charters
to the first of October, 1875: Eastern Bank,
Bangor; Mercantile Bank, Bangor; North
Bank, Rockland; Veaz'e Bank, Bangor
These Banks are in localities where more
bank accommodations are required than can
be obtained from the National Banks. Thus
they accommodate the public, and being well
managed, give their stockholders good dlvi-
dends. Tables are given showing The conli-
tion of all the banks, with list OF officers.
Sauings Banks. The present number of
Savings Banks in the State is forty-three OF
these, seven commenced business since the
last annual report of the Examiner, namely:
Saco Savings Bank. Saco; Skowhegan Savings
Bank, Skowhegan; Androscoegin County
Savings Bank, Lewiston; Bucksport Savings
Bank, Bucksport; Kennebec Savings Bauk,
Augusta; North Anson Savings Bank, An.
son; Thomaston Savings Bank, TIomaston.
Two other banks have been organized
which as yet have not commenced business,
namely: Kittery Savings Bank, Kittery; Me-
chanic Falls Savings Bank, Minot.
This total deposits of the Savings Banks of
the State at the date of examination were
5,S29, 1882. The nature of the securities
in which these deposits are invested will be
found in the following summary.