Article Text
COMMERCIAL. FROM OUR COMMERCIAL CORRESPONDENT. NEW YORK, July 31, 1855. In September next the late United States Bank, it is ar- ranged, will be finally closed up. After operating twenty years as a national institution, and four years as a State bank, its remains have been just sixteen years squeezed and doc- tored by trustees and receivers until the last item of assets at- tainable will not suffice to meet the debts of the concern, in- volving the whole $35,000,000 of capital in total loss, notwith- standing that on the 21st of December, 1840, the condition of the institution was reported as follows: Assets - $74,603,142 Liabilities - 36,959,539