JOURNAL OF BANKING, CURRENCY, AND FINANCE. BUSINESS AT THE UNITED STATES MINTS. We have compiled, from official returns, the following statement of the deposits and coinage at the United States Mint, and branches, from their organization down to the close of 1851, which will be found very useful for reference, and contains many items of present interest: DEPOSITS OF DOMESTIC GOLD FOR THE YEAR 1851. Total from organization.... $180,184,297 $77,962,409 $1,395,836 $259,542,542 PUBLIC DEBT OF OHIO. The following summary statement of the debt and annual interest of the State of Ohio, on the 1st of January, 1852, is derived from an official source: This forms the total redeemable debt, and is exclusive of school and other trust STATISTICS OF BANKING IN THE STATE OF NEW YORK, We are indebted to D. B. ST. JOHN, Esq., the Superintendent of the Banking Depart ment, for an official copy of the first annual report from that Department, (since its organization,) as required by Chapter 164, Laws of 1851.* It presents a clear and comprehensive view of all the banks, banking associations, and individual bankers from which reports have been received. The substance of this report we have embodied in a condensed form on the present and subsequent pages of the Merchants' Magazine :— The whole number of banks, banking associations, and individual bankers doing business on the first day of December, 1851, is two hundred and forty-four, as follows:— Chartered banks, 72; banking associations, 95; individual bankers, 77; total, 244. Since the date of the last report by the Controller, the charters of two banks have expired; their aggregate capital was $509,600, namely, the New York State Bank, 369,600; Bank of Newburg, $140,000. A majority of the stockholders of both these institutions have formed associations under the provisions of chapter 313, Laws of 1849. During the year, 37 banking associations and individual bankers have deposited the securities required by law, and commenced the business of banking, namely: Citizens' Bank, New York. ASSOCIATIONS. Far's' B'k, Saratoga, Co., Half Moon Vil'ge. Goshen Bank, Orange Co., Goshen, Knickerbocker Bank, New York. Merchants' Bank in Syracuse, Syracuse. Metropolitan Bank, New York. Bank of the Metropolis, New York. Bank of North America, New York. People's Bank, New York. Rome Exchange Bank, Rome. Bank of the Republic, New York. Union Bank of Sullivan Co., Monticello. The amount and character of the securities deposited by the 26 banking associations above named, is as follows, namely:— The amount and character of the securities deposited by the eleven individual banks above named is as follows, namely: The following statement shows the state and condition of all the banks, banking associations, and individual bankers, from which reports have been received during the past year, on the several days designated by the Superintendent for making their quarterly reports:— * Prior to 1851 the Banking Department was managed by the Controller. CONDITION OF BANKS AND BANKING ASSOCIATIONS IN THE STATE OF NEW YORK. Items. Loans and discounts except to directors and brokers... All other liabilities absolute or contingent of directors 3,350,249 3,439,450 3,765,392 3,853,402 3,916,925 3,526,130 3,818,994 3,969,343 4,257,165 4,276,697 14,035,547 14,342,689 15,054,766 15,383,571 15,093,732 Promissory notes other than for loans and discounts 167,519 193,683 151,835 145,708 175,692 585,083 567,983 579,403 633,965 785,508 Due to others not included in either of the above heads... 1,337,816 1,430,604 299,962 1,638,385 358,129 1,461,598 975,455 16,056 157 442,509 1,566,064 The whole amount of circulating notes issued to associations and individual bankers, outstanding on the 1st day of December, 1851, was $15,671,004; for the redemption of which securities are deposited and held in trust by the Superintendent, amounting in the aggregate to $16,822,714 85, namely:— Cash in deposit, for stocks matured, and bonds and mortgages paid and banks closing business 223,127 24 Total..... Total amount of securities held December 1st, 1850. Increase of securities for the year ending December 1st, 1851 Total amount of circulation December 1st, 1851.... Increase of circulation for the year ending December 1st, 1851. The following statement shows the names and location of such banks as have given notice of their intention to close their business the greatest amount of circulation issued to said banks and the amount of circulation outstanding on the 1st day of December, 1851 : Greatest Outstanding Circulation. $16,822,714 85 14,823,087 56 $1,999,627 29 $15,671,004 00 $1,467,889 00 Name of Bank. Circulation. Knickerbocker Bank, Genoa...... Champlain Bank, Ellenburg.. American Bank, Mayville.. Northern Bank of New York, Brasher Falls Merchants' Bank of Washington Co., Granville Merchants' Bank of Canandaigua, Naples.. Five individual bankers, who have heretofore given notice of their intention to close their business, having complied with the provisions of section 8, of chapter 319, Laws of 1841, by redeeming 90 per cent of their circulation, have withdrawn the securities held in trust, and deposited an amount of money sufficient to redeem the balance of circulation outstanding. The following statement shows the amount of circulation unredeemed on the 1st day of December, 1851; the amount of money held in trust by the Superintendent; the date of the first notice to bill holders to present their notes for payment, and the time when such notice will expire : expire. 1864 1866 ... 1855 1853 At the expiration of the above notices for two years, the securities held by the Superintendent in trust may be given up to the banker or association upon receiving a bond, with security, conditioned for the prompt payment of any unredeemed circulating notes of such banker or association, if presented within six years. INCORPORATED BANKS OF THE STATE OF NEW YORK. STATEMENT SHOWING THE NAMES AND LOCALITIES OF THE 71 INCORPORATED BANKS AND Name of Bank and locality. Albany City Bank, Albany.. Atlantic Bank, Brooklyn . Bank of Albany, Albany.. Bank of America, New York Charter Authorized to In circula- on hand. $500,000 $350,000 $313,487 500,000 350,000 350,000 240,000 200,000 200,000 2,001,200 1,200,000 784,562 Bank of Chenango, Norwich.. 1856 120,000 160,000 160,000 Bank of Genesee, Batavia... 150,000 150,000 Bank of Geneva, Geneva.. 400,000 300,000 Circulation increased a 20,000 319,995 Bank of Lansingburg, Lansingburg 1855 120,000 160,000 160,000 Bank of New York, New York... 1853 1,000,000 800,000 776,500 Bank of Orange Co., Goshen.. 105,660 150,000 Circulation increased b 10,000 160,000 Bank of Orleans, Albion 200,000 200,000 Bank of Owego, Owego.... 200,000 200,000 Bank of Poughkeepsie, Pough'e 150,000 150,000 Bank of Rome, Rome. 150,000 150,000 Bank of Salina, Salina.. 1862 150,000 175,000 174,964 Bank of the State of N. Y., N. Y.. 1866 2,000,000 1,200,000 704,075 Bank of Troy, Troy 1853 440,000 300,000 299,997 Bank of Whitehall, Whitehall. 1859 100,000 150,000 149,890 Brooklyn Bank, Brooklyn.... 1860 150,000 175,000 175,000 Broom Co. Bank, Binghamton. 1855 100,000 150,000 149,900 Butchers' & Drovers' Bank, N. Y .. 350,000 350,000 Catskill Bank, Catskill..... 175,000 174,210 Cayuga Co. Bank, Auburn, ..... 250,000 225,000 Circulation increased e 22,400 247,360 Central Bank, Cherry Valley..... 1855 120,000 160,400 160,000 Chautauque Co. Bank, Jamestown. 1860 100,000 150,000 150,000 Chemung Canal Bank, Elmira.... 1863 200,000 200,000 200,000 City Bank, New York..... 1852 720,000 500,000 355,800 Essex County Bank, Keeseville... 1862 100,000 150,000 149,996 Farmers' Bank of Troy, Troy.. 1853 278,000 225,000 224,717 Farmers' & Manufac's' B'k, Pough'e. 1864 300,000 250,000 249,990 Greenwich Bank, New York.... 200,000 200,000 Circulation increased d... 3,970 203,942 Herkimer Co. Bank, Rockton.. 200,000 199,925 Highland Bank, Newburg 200,000 200,000 Hudson River Bank, Hudson.. 175,000 175,000 Jefferson Co. Bank, Watertown... 1854 200,000 200,000 200,000 Kingston Bank, Kingston. 1866 200,000 200,000 199,940 Leather Manufacturers' Bank, N. Y. 450,000 375,482 Lewis Co. Bank, Martinsburg. 1863 100,000 150,000 48,981 Livingston County Bank, Geneseo. 1855 100,000 150,000 100,000 Madison County Bank, Cazenovia. 1858 100,000 150,000 149,984 Manhattan Company, New York..unlimited 2,050,000 1,200,000 1,068,744 Mechanics' Bank, New York...... 1855 1,440,000 800,000 786,858 Mechanics' & Farmers' B'k. Albany 1853 442,000 300,000 300,000 Mechanics' & Traders' Bank, N. Y. 1857 200,000 200,000 196,843 |