Article Text
undry stocks 16 273 50
Notes of broken banks 11,106 00
Money 25,068 71
Due by banks and bankers 8,122 36
Total $1,184,251 88
Liabilities other than to Stockholders.
Bonds'of banks, outstanding $72.166 66
Interest due on same 18.160 00
Due depositors 3,785 25
Notes and certificates 120,240 48
Total liabilities $214,352 89
As an offset to this favorable statement, we annex an
article from the Illinois State Journal relative to this
bank:-
At the session of the United States Court, which has
just terminated, the chancery suit against the trustees
of the late State Bank of Illinois was continued to the
next term of the Court. In their answer to the bill in
chancery, the trustees expressed the opinion that the as-
sets of the bank will fall considerably short of paying the
debts. This will make the stock of the bank, of course a
total loss to the stockholders; and as the notes and cer-
tificates of the bank are by law received by the trustees
for collections and sales of property, such of them as re-
main out after the assets are exhausted, will be a clear
loss to the holders.
A better termination of the affairs of the bank has been
expected; but the losses by the old debts, and on proper-
ty taken from bankrupt debtors, have been greater than
were expected by those interested.
The amount of deposits in the United States Mint,
Philadelphia, during the week ending the 21st inst., was
$1,282 560, of which $2,060 was silver. Coinage, $857,931,
of which $19,093 was silver. Payments, $877.394 54.
The Superintendent of the Banking Department, at
Albany, has received information from the officers of the
Knickerbocker Bank, Genoa; Champlain Bank, Ellen-
burg; American Bank, Mayville; Northern Bank of New
York, Brasher Falls; Merchants' Bank of Washington
County, Granville; Merchants' Bank, of Canandaigus,
Naples; Adams Bank, Ashford; Oswego County Bank,
Meridian; New York Stock Bank, Durham; McIntyre
Bank, Adirondack; Bank of the Metropolis, New York;
Commercial of Lockport; that their circulating notes
are being called in and their affairs closed. The amount
of circulation issued to those banks was $1,255,709; of
this amount $942,805 has been returned and destroyed,
leaving outstanding on the 1st of Dec., 1851, $312,961.
Since the September report was made, ten banks have
gone into operation, viz.:-Grocers' Bank, New York;
Knickerbocker Bank, New York; Bank of Fort Edward;
Glen's Fall Bank; Goshen Bank; Mechanics' Bank, Sy-
racuse; Bank of Havana; Mechanics' Bank, Watertown;
Oneida Valley Bank; and Valley Bank of Lowville.
The total value of merchandise, &c., exported from the
ort of Baltimore, during the week ending the 21st inst.,
was $161,820 78. The principal articles of export were
flour and breadstuffs.
The Chief Engineer of the Chesapeake and Ohio Canal
gives official notice that navigation will be resumed
throughout the whole line, by the first of March. The
canal has been thoroughly repaired, and is in admirable
order its whole length.
Reports, originating in the city of Hartford, have been
circulated that the subscriptions to the Air Line Railroad
have been forfeited by some oversight in the manage-
ment of its affairs. This story has grown out of the fact,
that a large amount of stock was subscribed east of Wil-
limantic, on the argument that the road should take a
certain course. The directors have recently doubted the
propriety of the arrangement, and think it better to for-
feit the conditional subscription, rather than the road
should be compelled to pass through a section not for its
ultimate interests; and to avoid all difficulties which
might spring from the change, have concluded to pro-
cure the assent of the other subscribers to the new
arrangement, and release the "conditional" ones. No
trouble has been found thus far in its accomplishment;
and there is no doubt but that every dollar will be re-
subscribed, and more too.
The shipments of cotton and breadstuffs during the
above week were somewhat larger than usual, caused,
doubtless, by the favorable intelligence received from
Europe, relative to markets abroad for these staple arti-
cles. We fear that the Cambria's news will check the
activity which we have noticed, and perhaps cause the
withdrawal of many lots about going forward on specu-
lation. In shipments of other articles there has been no
change. The aggregate weekly value of all our exports
is trifling compared with our importations.
The bill to amend the charter of the Cumberland Iron
Company, will probably pass the Legislature of Maryland.
It has already passed the lower House. This "monster"
corporation, as its opponents termed it, is to be formed by
the consolidation of seven chartered companies, as fol-
lows: The Cumberland Coal and Iron Company," the
"People's Company," the "Preston Company," the
"Washington Company," the "Maryland Mining Com-
pany," the "Astor Company," and the Buena Vista Com-
pany," under the name of the Cumberland Coal and Iron
Company. The amended charter increases the capital
stock to $5,000,000, and enables the company to hold
12,000 acres of land. The design is to purchase, and unite
and work, under one organization, the branch railroads
the boats, vessels, and coal lands, and the entire machi-
nery of operations until its delivery into the hands of
the purchaser, so that the mines can be worked effici-
ently and profitably. A section of the charter requires
the company to send to market 200,000 tons of coal an-
nually, under penalty of forfeiture of charter. Their
plan of operations, however, contemplates the mining
of 500,000 to 1,000,000 tons per annum.
The Miners' Journal, in relation to the present and fu-
ture position of the coal trade says:-
It is pretty generally understood that the railroad in-
tends adhering to $1 10 for toll and transportation, al-
lowing a draw back of 20 cents a ton on the New York
trade. If it is true that an understanding has been ef-
fected between the railroad and the canal companies, on
a basis of 80 cents difference, the toll by canal to Phila-
delphia will average 50 cents per ton.
We understand that the trade at Richmond has fixed
the price of red ash coal on board at $1 per ton, and
white ash, which comes in competition with the supply
from other regions, will open, it is supposed, at about
$3 65 to $3 70 per ton. These rates will enable the trade,
at Richmond, to pay fair remunerating prices for coal in
this region, which is all we contend for. Too high prices
for coal frequently prove as destructive to the best inte-
rests of the trade as too low rates, and the producers here
desire to avoid each extreme by merely demanding fair
paying rates. As we have stated before, our region can
never be healthy, financially speaking, when coal brings
less than $2 25 for red ash, and $1 90 to $2 for white
ash, according to quality.
The annexed statement exhibits the quantity of cer-
tain articles exported from this port during the week end-
ing the 21st instant, distinguishing the destination, and
extent of shipments to each place.
COMMERCE OF THE PORT OF NEW YORK WEEKLY EXPORTS.
London.-Flour, 3,210 bbls; naval stores. 2638 do; oil
cake, 367 casks; sperm oil, 10 do; books, 1 case, straw
pleit. 10 do; spigelia 10 bales; sarsaparilla, 17 do; palm
leaf, 165 do; tobacco, 30 tierces; manufactured do., 1,104
lbs.; rice, 160 tierces; staves, 5,000.
Liverpool.-Cotton, 4466 bales; flour, 5.650 bbls; naval
stores. 4.842 do.; oxide zinc, 204 do; tallow, 60 hhds;
staves. 10,400; flaxseed. 400 casks; scrap steel, 9 do,; sperm
oil, 10 do; wheat, 6545 bush; corn, 9316 do; clocks, 373
cases; manufactured tobacco, 27,670 lbs.: cheeze, 35,057
do
Glasgow.-Cotton, 907 bales; flour, 1.429 bbls; naval
stores, 250 do.; hern shavings. 349 bags; cheese, 4933
lbs; dye liquor, 7 casks; furniture, 1 package; wheat
6000 bushels; logwood, 285 tons; fustis, 37 tons.
Havre.-Cotton, 1,734 bales; hope, 20 do.; ashes, pots,
289 bbls do, pearl, 10 do; rice, 82 tres; jewellers
asher, 86 casks; books, 1 case; essential oils, 3 cases; India
rubber goods, 4 do; whalebone, 15,085 lbs.; cigars,
400.000.
Antwerp.-Cotton, 162 bales; rice, 434 tres; naval
