The Rutland daily globe. [volume] (Rutland, Vt.) 1873-1877, 1876-05-25
CONDITION OF THE RUTLAND BANKS.

The three national banks in Rutland
represent capital OF one million of dol
lars, it being divided as follows: Baxter
three hundred thousand dollars; Rutland
hve hundred thousand dollars and Rut
land county, two hundred thousand dol
lars. They have deposited with the treas
arer of the United States, United State
bonds to the amount of one million of dol
lars, and are authorized to issue nine hun.
bred thousand dollars of currency-that is
their circulation may equal ninety PEI
cent. of the par value of the bonds de-
posted with the treasurer, the bonds be
ing held to secure the circulation Th'
regular bank statements of May -, show
that their circulation amounts to eigh
hundred and seventy-nine thousand min,
hundred and ninety dollars, or With,
twenty thousand and ten dollars of thu
amount authorized. The circulation
May ~, was some sixteen thousand dol
lars larger than March 10; fifteen Thousand
dollars IN excess OF that of October l
1875 but eight thousand two hundred auo
ten dollars less than it was December II
1S75-these being the dates of the last
three preceding statements
The loans and discounts Of the three
banks, May 12, amounted to over one ano
a half millions of dollars-S1 504 ,522. CT
being the largest amount shown by eithel
Of the last four statements, and being near
ly twelve thousand dollars more than il
March over fifty-three thousand dollars
larger than in October; and more thar
seventy-one thousand dollars-$7l, 30G "a
in exces0 of the loans and discounts De
cember II, when they were at the lowest
The deposits, May ~, were 5000 992 8:
divided as follows; individual deposits
subject to check, 1888 G30 20; demand
cerlif ,ates of deposit, 1886, 362. 19-beipe
nearly th.rty-hye thousand dollars lest
than in March twen,y-three thousano
dollars less than in December; and six
thousand five hundred dollars more
than ia October. The certificates of de
post show decrease from March
OF nearly thirty-seven thousand dol
lars-s3G, 1871 95 but an increase Of
nearly three thousand dollars over October
and of more than nineteen thousand dol
lars over Decemoer-and these certificate,
of deposit represents money for which the
owners either have no immediate use, Of
which they afraid to use.
The banks hold thirty three thousand
dollars Of legal tenders, being an increas,
of eight hundred dollars from March o
seven Thousand SIX hundred dollars from
December and two thousand dollars from
October.
The redemption fund deposited with tn,
United States treasurer IS forty-fye thous
and dollars, being five per cent. of the au
tn ,rized circulation, but more thar
five per cent. of the actual cir
culatlon. The reserve fund Il
the hands of approved reserve agents" il
ninty thousand three hundred and eighty
three dollars, being twenty-eight Thousand
dollars less than 10 March two thousant
dollars less than in December but sever
thousand five hundred seventy-two dollars
more than in October. The two reserv,
funds, being in excess of twenty per cent
of the amount of deposits, show that tn,
banks are in healthy condition.
The last bank statement, and the corn
PARSONS we have made, would seem I,
show that business Is not CORRESPONDENCE
as much depressed here as it is in New
York city. With one or two exceptions
the loans have not been 30 low In New