Comparative View of the Condition of the Banks in the different States in 1850-51, and 1853-54. Georgia, Alabama, Louisiana, Mississippi, Tennessee, Kentucky, Missouri, Illinois, . Indiana, Ohio, Michigan, Wisconsin, Due to other Other Specie. Circulation. Deposits. $475,589 $2,654,208 $1,223,671 1,132,610 5,317,750 2,446,470 129,399 1,897,111 566,634 180,239 3,021,579 868,357 127,325 2,856,027 546,703 32,984 188,173 4,764,439 734,216 22,136 2,993,178 17,005,826 11,176,827 6,549,929 442,084 3,563,782 21,172,369 15,067,204 8,608,238 474,051 297,661 2,553,865 1,488,596 650,560 133,773 359,699 4,895,529 2,238,856 1,062,615 362,729 640,622 5,253,884 2,395,311 468,768 38,961 1,145,857 10,224,441 3,542,935 716,770 829,581 10,045,330 26,415,556 50,774,193 21,873,928 2,984,727 14,169,905 32,573,189 75,554,481 20,227,967 5,848,627 $48,006 $38,285 136,879 99,202 622,855 3,046,658 2,411,861 373,453 805,533 4,917,412 4,133,454 486,561 4,327,394 11,798,996 18,484,779 5,857,740 156,878 4,331,656 17,420,348 22,747,991 4,640,970 36,647 5,495 4,825 159,773 833,960 502,755 170,873 133,367 1,286,933 860,947 107,075 2,709,699 3,523,869 5,838,766 1,923,206 3,405,090 4,918,381 8,621,052 2,348,791 2,928,174 10,256,997 4,717,732 308,841 3,721,042 14,298,792 6,513,027 635,127 1,645,028 4,249,883 942,098 60,682 1,857,048 7,320,667 1,808,587 186,993 51,013 2,218,223 11,771,270 3,665,686 3,035,893 23,260 1,621,973 9,715,783 3,752,260 1,878,291 159,193 2,112,446 9,898,827 2,580,826 483,422 1,452,121 1,576,813 9,518,777 2,523,227 722,035 1,089,935 1,998,820 3,568,235 1,474,963 196,911 660,732 1,125,954 3,171,487 1,671,448 663,164 5,716,001 5,059,229 8,464,389 1,384,232 5,669 33,393 7,468,460 6,969,807 11,743,152 2,022,636 2,348,859 1,198,263 2,522,500 1,098,981 76,280 None. None. For the totals see Tables 2 and 3. 9,895 71,645 2. Comparative View of the Condition of the Banks in different Sections of the Union in 1850-51, and 1853-54. Capital paid in. 1. E. States, 2. M. States, Sections. 3. S. States, 4. S. W. States, 5. W. States, Sect. Sections. Sections. 1. 2. 3. 4. 5. 1850-51. 1853-54. Stocks. 1850-51. Banks and 313 316 90 83 77 879 Circulation. 1850-51. 1853-54. 1850-51. 1853-54. 1850-51. 1853-54. 1850-51. 1853-54. $ $ $3 1. $ $ $ $ 191,777 883,501 1,912,134 2,015,838 409,496 757,883 9.661,775 13,032,448 2. 15,419,701 24,458,149 5,249,774 6,993,606 2,152,420 1,056,988 17,728,833 19,370,777 3. 2,957,874 7,292,894 8,425,580 9,490,007 2,903,203 2,108,791 11,138.910 7,899,880 4. 1,198,225 2,653,322 3.594,784 3,078,778 2,836,593 2,695,359 7,565,472 7,743,566 5. 2.621,412 9,062,464 1,037,452 789,243 634,260 222,408 4,623,025 7,469,414 22,388,989 44,350,330 20,219,724 22,367,472 8,935,9726,841,429 50,718,015 55,516,085 Notes of other Banks. Specie Fund. Specie. $ 397 451 116 92 152 1,208 1853-54. Real Estate. $ 7,336,184 1850-51. 1853-54. $ $ $39 66,299,185 84,556,433 108,504,955 149,143,789 79,716,950 114,834,179 170,886,640 283,602,631 40,309,024 46,646,211 60,437,459 73,213,195 29,917,056 38,384,368 51,153,748 72,751,629 11,565,338 16.954,880 22.773.997 28,576,184 227,807,553 301,376,071 413,756,799 607,287,428 Other Investments. Due by other Banks. 1850-51. $39 105,990 13,493,342 448,209 1,200.000 93,655 15,341,196 1853-54. Deposits. $ Loans and Discounts. 1853-54. 1850-51. 1853-54. 1850-51. 1853-54. 1850-51. 1853-54. 1850-51. 1853-54. $ $3 $ $3 $ $39 $ 1. 32,220,921 49,396,107 17,397,742 24,898,038 7,750,247 10,546,638 653,103 1,765,563 2. 45,619,039 61,116,263 78,012,354 116,917,925 30,199,200 27,811,364 3,151,500 5,956,919 3. 36,176,977 40,854,139 11,906,342 14,597,101 3,888,838 3,422,446 1,480 206 1,305,636 4. 25,768,805 33,258,965 15,284,247 20,064,818 3,118,040 5,832,246 670,732 2,897,091 5. 15,379,509 20,063,733 6,357,027 11,710,862 1.460,603 2,709,468 482,786 1,514.067 155,165,251 204,689,207 128,957,712 188,188,744 16,416,92-50,322,162 6,438,327 13,439,276 1850-51. 1850-51. $ 4,663,774 17,865,051 8,903,871 13,164,213 4,074,139 48,671,048 1. Eastern States. Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut. 2. Middle States. 3. Southern States. 4. Southwestern States, souri. 5. Western States, Illinois, Indiana, Ohio, Michigan, Wisconsin. 1853-54. $ 202,204 23,860,024 521,024 $ 6,570,360 22,845,551 8,776,876 670,868 16,117,957 5,099,509 325,133 25,579,253 59,410,253 Due to other Banks. Other Liabilities. New York, New Jersey, Pennsylvania, Delaware, Maryland. Alabama, Louisiana, Mississippi, Tennessee, Kentucky, Mis 3. Comparative View of the Condition of the Banks in the United States, according to Returns nearest to January 1, in 1837, 1843, 1848, 1851, and 1854. 1851. 1837. 634 154 treasury depositories, Total specie in banks and treasury depositories, 788 1843. 577 114 691 1848. 1854. 1,059 149 1,208 Aggregate of current credits,i.e., of circulation and deposits, Aggregate of immediate liabilities, i. e., of circulation, depos 276,583,075 114,732,236 231,732,268 284,122,963 392,877,951 its, and dues to other banks, 339,004,193 136,188,754 271,146,639 330,539,891 443,200,113| Aggregate of immediate means, i. e., of specie, specific funds, notes of other banks, and sums due from other banks, Gold and silver in United States 139,479,277 74,067,062 112,191,528 131,926,342 163,164,657 8,101,353 11,164,727 25,136,252 54,471,118 59,835,775 84,546,505 NOTE. — In January, 1837, the inflation of paper credits consequent on the deposit bank system and other causes had nearly reached its height. The revulsion that followed was most severely felt in the latter part of 1842 and the beginning of 1843. In 1848 the first deposits of California gold were made at the United States Mint. The statement for 1851 in this and the preceding tables is not taken from that printed in Executive Document No. 132, 32d Congress, 1st session, but from a report that was prepared with more care, and presented to the House of Representatives in February, 1851, but not ordered to be printed. XXVIII. AMERICAN SECURITIES HELD ABROAD. On the 4th of April, 1853, the Senate adopted a resolution requesting the Secretary of the Treasury to procure for the Senate the following information, viz.: "The aggregate amount of federal, state, city, county, railroad, and other corporation bonds and stocks, or other evidences of debt, held in Europe or other foreign countries on the 30th of June, 1853, specifying separately, so far as the same can be ascertained, the amount of each of the above descriptions of bonds and stocks." On the 2d of March, 1854, the Secretary of the Treasury communicated the results of his inquiries to the Senate (Senate Doc. 42), from which we gather the following information. In some cases the amounts are estimates merely, but generally they are from official sources. The column containing City, &c. Bonds, is supposed to include all of any amount, except those of Albany, N. Y. and Norfolk, Va. It is thought that in the column of Bank Capital is included all that was held by foreign stockholders at that date. Most of the canals are the property of the several States. The first table shows the aggregate foreign indebtedness; the second gives it more in detail. 1. Aggregate of American Securities held abroad on the 30th of June, 1853. Held by Foreigners. State. Total,. 2. Amount of the Securities of the several States, &c. held in England and other Foreign Countries, June 30, 1853. City, Town, County Bonds. Kentucky, Missouri, Illinois, Indiana, State Bonds. None. None. None. $4,000,000 $4,000,000 None. None. Not known. Not known. Not known. Not known. None. None. 195,907 Total. 6,758,700 4,109,372 1,774,995 192,352 None. 350,000 2,750 26,584,671 1,201,500 167,420 101,020 None. 125,000 8,537,917 3,075,909 Not known. 937,777 165,925 72,000 35,018 55,550 None. 4,397,666 8,000,000 Not known. Not known. 2,570,960 7,750,000 5,707,000 California, Dist. of Columbia, Not known. $58,205,517 $27,000,000 266,724,955 8,244,025 170,111,552 43,888,752 35,888,918 22,130,569 75,000 50,000 554,900 1,967,547 16,425,612 265,773 $1,178,567,882 $184,184,714 323,426 442,856 604,100 81,800 4,000,000 2,548,400 15,000 341,500 1,036,000 79,200 40,300 5,000,000 6,688,996 378,172 100 438,150 $3,000 5,105,496 Railroad Stock and Bonds. $510,000 196,700 140,000 9,919,900 3,541,750 12,076,526 1,065,000 626,032 835,779 1,914,444 69,100 500,000 74,000 48,000 200,000 2,016,500 1,708,466 3,637,884 1,314,000 600,000 25,015 Total, $72,931,507 $21,462,322 $6,688,996 $378,172 $43,169,777 *This includes an estimate for twenty-two companies from whom no returns were received. †These miscellaneous companies, if they are meant to include "all other" corporations, are entirely incomplete. In Massachusetts there had been incorporated up to June, 1853, 1,115 companies, with a capital of $226,397,998, exclusive of banking, insurance, and railroad charters. 1855.] FINENESS AND VALUE OF CERTAIN FOREIGN COINS. 217 XXVI. FINENESS AND VALUE OF CERTAIN FOREIGN COINS. By the acts of Congress of January 25, 1834, and of March 3, 1843, the director of the mint was required to ascertain and report to the Secretary of the Treasury upon the fineness and value of certain foreign coins. Under the requisitions of the provisions of those acts, he made a report to the Secretary under date of January 28, 1854, which report on the 1st of March was sent to the House of Representatives, and is published as House Document No. 68. The report is given below: "I submit the following report of the fineness and value of certain for. eign gold and silver coins, as required by the acts of Congress of January 25, 1834, and March 3, 1843; said coins being therein made a legal tender upon certain conditions, which are contingent upon this report. "Gold Coins. The law provides that 'gold coins of Great Britain, not less than 915 thousandths fine, shall be received at 94.6 cents per penny. weight.' In a long series of years, and operating at times upon large quantities of such coin, we have not been able to find a higher average result than 915, and it was upon this basis that the enactment was framed. But under the present management of the British mint, and of its assay department, beginning fairly with the year 1852, there is an upward tendency more strictly conforming with the legal standard of 9163. The assay of a few pieces of 1852 and 1853 (the course of trade preventing the receipt of large quantities here) gives an average of 916), and the consequent rate would be 94.7 cents per pennyweight. But it will evidently require a large emission at this rate to make a perceptible improvement in any promiscuous parcel; and some years must elapse before the rate fixed by Congress can be elevated. - "The gold coins of France are made current at 92.9 cents per penny. weight, provided their fineness be not less than 899 thousandths. Their legal standard is 900; but the actual fineness, down to 1852 inclusive, cannot be rated higher than 899. "Gold coins of Spain, Mexico, and Colombia, of the fineness of 20 carats, 37 carat grains,' equal to 869.14 thousandths, are receivable at 89.9 cents per pennyweight. While occasionally parcels have been found to be of this fineness, or slightly above it, they are frequently not higher than 866, and would, therefore, appear to be thrown out by the terms of the law. Moreover, the gold coins of New Granada, which is a part of Colombia, have been minted since 1849 at the new legal rate of 900 thousandths, and, upon repeated trials, are found to average 894. But it is very rare to find any longer in circulation a gold coin of Spain, Mexico, or Colombia. "The gold coins of Portugal and Brazil, made current upon condition of being not less than 22 carats (9163 thousandths) fine, are really not higher than 914 thousandths; they are now only known amongst us as curiosities, and it is believed are scarce even in their own country. "Silver Coins. - The Spanish pillar dollars, and the dollars of Mexico, Peru, and Bolivia, of not less than 897 thousandths fine, and 415 grains in weight, and the dollars of Chili and Central America, and those restamped |
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