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o F is New En104 $981,371 gland $9,417,712 $7,130,196 Middle 9,201,616 7,014 113,079,792 States. 62,133,763 Southe'n 2x 227,131 19,981,012 6,389,701 States. estern States & terri1,960 153,143,614 torics. 38,552,250 U Three States National 3,301 $114,215,802 $215,822,160 $14,870,745 4,457,026 the November hands of 1, receivers banks during have the been placed in National 101: Bank of INC-namely Newark. the year Mochanics' ended on May the of Pacific National N. Bank on November Buffalo, the two on 1882, April and 21, the 18th First National of Bank Boston, of ed the November report first of named the 1. 1881 Comptroller banks The was for suspension mentioned the of In cussed. to both of The these failures and the were causes year which end- led Bank of Boston Directors undertook of the Pacific then fully National disimpairment authorized by of section its capital stock to make in the good manner the utes. fixed but by law. as they a failed 5.00 to doso the Revised StatNational the charge of Bank Its affairs. receiver of Buffalo The was failure appointed within of the the to First take time dent. inappropriation Its condition of funds was the by Its result of amination. before Bank Examiner and a when receiver making was discovered his annual by Presi- the exbanks have stated. The affairs was of appointed. as year. Since the been finally closed ten National tonal-bank In 87 of within the the voluntarly of the shareholders hands closed of receivers their banks business and have 430 banks been placed have Na. stock, and 5,221 under of the the provisions owning two-thirds of the of votes their banks so placed Revised Statutes. sections 5.2.0 their stockholders. in 7 voluntary liquidation or the appointed positors, and by in the these failed cases to receivers pay their de- by hands their affairs. of Of the omptroller 87 to wind were up to Ing as still receivers, in process MI of have banks been closed, in leav- the creditors of settlement nearly been placed twenty In years the National hands of banks receiv which The have loss hear which the passage as will can of be the estimated. act that of including February have elapsed 25, IN a dur sin ng as r been about probably be hereafter dividends business loss has been, $7,003,00 therefore The average paid, annual has been capital responsible of of about corporations $160,000,000. about having and $400,000 an average In the d posits in their han for the keeping which or have deP. cent. $100,000,000 The of time annual or about one less averag to depositors. twent nz constantly eth of one over per e amount of Insolvent of required banks depends for Liquidating the affairs of d case the questions Imp It litig mhy sabble tion become to which tell may In chieny advance arise upon in what any the & cases matter courts no conclusion for decision. can In essary many to of refer these to 1. last resort. has been The brought be before reached until the or most of the dockets of the the courts of d Court when an of the Un States ted States. and that of prome Courts the 8 preme as years often appeal elapae is made to are these crowded. and ready laws reached. made, Owins. the forms however. of fore to the the case decision tribunale. can be in understood Giverning and National banks. Endo the al. he ng allowing stock-holders offsets there and In enforcing collecting the are assets, better in protest litignt on. is now no nducement liability of to assessed ordinary holders under debtors who become of the either bank such on or the of part the of stock the ck 5.150 of the as at many claims failure of National Statutes In section cases of their Reviand liability banks btors provided when all In for various presented the there are ree erly liabilities reasons, of the do not appear receivers.whieh to be ion necessary. the Renuine in order to protect association. the and prop ⑉ 11. be rejected creditors, until that such Interests of properly petent Jurisdiction aujudicated their by merits a court claims have mus beed rectors for The of iff, and ay, defined duties, or by any negligent liability not yet of clearl of that such matter them alen dreist point to authoritative there are bearing decision. on the by neurogate banks the amounting Incolvent The total National amount paid in again credi claims the paid far are and feet lake the
