MovEMENrs oy BANxs IN THE UNIrEp srArEs.
{"newspaper_name": "The New York herald.", "edition": "01", "page": "pNone", "byline": ""}
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The returns for l6a4 made up to the middle of
November, from the official reports from the banks OF
each State. From reports since received from State
panks the movement has NOT changed materially with
the exception of the banks Of this city which have within
the pastmonth or been compelled contract so ra.
pidy that at this tme the discount line and specie on
hand are from two to three millions less than in Noyem.
Der last The present condition of our local banks the
immense productions and consequently the reduced
price Of our staple, couonthe overrading and specu-
iaon OF the past year. and the evils growing Of these
things have been caused by the large importaons Of
specie in lsas, which deprecated the value OF
the currency, and, by advancing prices. inducing
the large importatons of merchandise in 1884,
The result OF the present state Of things must soon
be visible, the difficulties growing out of last years
business will lead to gradual revuson, which canhnot
be SO severe of such length the lss will be the
production of single years ovsrtradng. whereas the
last was the result of several pecu
laton bank infa1on, and foreign importaons. At pre-
sent appears highly probable that the mercantile classes
Of this city will be the principal sufferers the merch anti
OF the interior generally paying up according to their
convenience, more than according to their ability eav


ing. In times Of difficulty, the merchants Of the city to
rub along they best The fears the banks have
Of drain of specie, will have favorable effect on our
commercial aairs, and perhaps prevent in measure,
30 great spread Of bankruptcy, would otherwise
happen Those requiring facilities may. for time be
cramped fr funds, but the must eventually be bene
put upon the money mark et few individuals may be
sacrificed, but the majority will be saved.


The following is synopsis of the state of the banks Of
Maine showing the aggregate Of the principal items and
comparing them with those reported the last year


