{"newspaper_name": "The New York herald.", "edition": "01", "page": "p2", "byline": ""}
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The increase in the receipts Of this company is very
gradual but steady showing that Ultimately increase
must reach amount corresponding in greater degree
with the expenditures.


The increase in banking capital in every
section of the country within the past two years.
mas been larger percent than within the prsvi.
six years. Banks springng up in nearly every
State in the Unon and at every session Of the different
legislatures charters applied for and old char.
ters for revival Within the past year
exploded. defunct banks have been galvanized and du
ring the coming winter have doubt thsre will be
immense amount added to the banking capital Of the
country by the passage of legislative granting
charters and renewing old.


The Free Banking law Of this State gives permission
to establish any number ofbsnks and they increasing
very rapidly The banking capital Of the State New
York about millions of dollars Isl 0OO
larger than before and the number Of bank
half many than the most inflated period OF tn
bank mania experienced The whole banking
movement in this State at this moment is much
psnded than ever was before in the years of the
greatest speculative times We have therefore the
terials ready for immense expansion of credits &c.
and all that necessary to put these elem In opera
ton is Simultaneous specuations in different sections Of
the country.


The legislature Of Vermont have several bank cher
under consideration, Of which have reached





evidence of the feeling that exists in that body in rsa
ton to banks is only necessary to state that the an
nexed resolution negatived by vote of 90 ayes
to 100 nays.


Resolved That a general principle sound public po
Icy orbids the extension Of bank chsrtersj that just
regard Tor the rights and interests community requires
that the business and Of banking Institutions
should be brought to close and their affairs wound up
at the expiratons Of III ir charters.


This being the character Of tho legislature Of Vermont
laok fora inr.o In fho bnnk king
capital Of that State during the present session Tho
bills to charter the Farmers Bank and the Bank Of
Brandon had assed second reading.


Applications will be made to the Legislature Of Penn
yvana its session for an increase OF banking
capital for institutions in operation for the renewal
of deunct charters and for charters, amounting to
eight or ton millions of dollars. We annex list Of ap
ica,ions that will without doubt be made the next
session Of the legislature -


txosrA,r or BANK CAPITAL IN PErssyLvASiA-AyYLr.


CATIONS roR NEw CHaRrERs


ss S..G I'd 4 NsSss s.n Ts s.i II.
sss pahS CO Biz S c em Fl s ao !,
II NssS aaG sSSSs ri q Vim 'ssa.: 10000


ssSeny Bin:w 10000 Is isel e.ri.l ~ln 5000.
D.p 10000 Ss q R.s f.% '
'Ias S,1r"s; Co. 80 oeo 9I M
Tsde1meo's BL w.. $4,000 "- ''''' -'''''
An attempt was made last winter to revive the Girard
Bank but II proved abortive.


At the last session Of the legislature OF Pennsy lvsna
resolution passed to anx tho individual liability
clause to all hanks chartered echare Several
institutions refused accept charter charter
his account preferring to into liquidation whom their
l"esent charters expired This individual liability
clause hos bee adopted in several States and has been
great obstacle in the way Of these banks apply ing for
recbarter The TACT that those banks refuse charter
With this clause, shows that too restrictive to give
them the necessary latitude to carry their operations
as profitable anticipated and that charter with thai
clause is not worth taking. II Is highly necessary in
these times place many checks possible upon the