The Morning herald., 1876-06-22
Money I'm WilmingtOn-HOw 1t is De.
rOstted In the Banks why the
Business Machinery is ClOggcd-
what will Move 1t-S0me Practical
Hints on Banking.

Hints ON Banking.
The depression of all business interests,
naturally calls into discussion the moneyed
status Of the country. 1t is not unfre-
quently stated in this discussion that, the
money is scarce, Or being boarded by the
capitalists, is kept from its legitimate
uses; bulked in the bank vaults as pro-
lection against its Investment in uncer-
,tainties. To ascertain, if possible, whether
this applied to Wilmington, an atoehe
of The HERALD, yesterday, called upon
an officer Of the Union National Bank and
had lengthy conversation with him on
the subject. He stated, in this latter re-
spect, the public labored under a great
misapprehension of facts. There is no
reason to doubt that money is boarded
Wilmington cannot be exempt from it
any more than other places. But if such
was the rule with desirable class of de-
positors, those in the Union National were
certainly an exception.
The cash capital of the bank is $500, 900,
and the deposits show no more in proper
ton than those banks of Philadelphia,
which are doing business with a cash cap
ital Of 100000. This shows that there
cannot be an unusual accumulation of de-
posits. The deposit is an even, steady
one, and shows that there are no rises or
falls indicative of distrust in the emergent,
critical periods of the market investments.
In the New York banks there are vast
accumulations because so many of the de-
positors are men who have no recognized
business, and employ their money only in
sporadic speculations; when the relax
occurs, this money, with all the
increase of gain, is thrown into bank,
and the accumulations are therefore very
large. But in Wilmington we have no
ready markets for speculatious such as the
larger cities have and consequently capi-
tai has not the same opportunities forspec-
ulative uses.
The bank officer then stated that he sup
posed the newspaper representative was
actuated principally in his interview, by
the object, to ascertain 'ifthe surplus capi-
tai was usefully employed. Ofcourse he
as an officer of one bank could not speak
for all the banking institutions Of the city,
but then one bank could be taken as fair
basis tor estimating the experience Of other
banks in this feature of banking business.
Then we take, said he, the Union Nation.
al. Ithas seven hundred depositors, and
dividing the amount of the total Of deposits
among them, and we find that they have
not more than an average of five hundred
dollars each. This shows you at once, that
there cannot be much of an accumulation,
and that there must be the same steady de-
mand all the time upon what is deposited,
and that il is used in the demands of business
and trade; that it must go into the usual
conduits of business, or this would not &C.
cur with such regularity. This even tenor
in banking money must show you that
there is no feeling of unrest among those
who are possessed Of large capital, and that
though business Of all kinds is very much
depressed, still money remains the same,
unless it may be largely employed for
usurous purposes. That we do nothing in