S5,s5O.640 90

Total amount Liabilities,

Ss39,l23 53
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Surplus over Liabilities, S339,l23 90


Showing the circulation Of those two banks 70
bo $2,659,470 80, sum nearly equal to two
thirds Of the whole circulation OF the seventeen
banks examined by the commissioners. Ineir
specic, at the same time, amounted TO S052,9sb
III. have no means of arriving at their present
circulation, but from the fact Of their having made
heavy purchases Of cotton, and advanced large
sums On that article, It may be inferred that their
issues are now greater than on tho lst May,
1887.


All the revenue ofthe State is deposited in the
Planters Bank, which also has the control Of the
sinking and other large funds in which the state
is deeply interested. The faith OF the State y
pledged for the redemption ofthe bonds sold and
invested in stock Of the Planners Bank, amounts
ian TO two millions Of dollars, and in the event oi
a failure of the bank to pay the principal and IN
terest Of these bonds, the persons and property of
all our citizens would be subjected to taxation.


The State being the largest stockhoder IN the
Planters Bank, and all her citizens deeply inter-
ested in the fidelity ofthe management Of the IN
stitution, il is indeed passing strange that the d.
rectors representing less than one-halt Of Inc
stock should DENY tnt oldte hHpSt0.S u1'aA'%S.o'
and refuse an examination by commissioners DEL
egated by the Legislature the sovereign power
Of tho Staie---for that purpose.


The charter Of the Agricultural Bank makes


s.the duty Of the Governor Of this State, 70 ap-
point annually, competent person 70 'nspees
such general accounts on the books Of the bank
as he Shall deem necessary, and faithfully 70 re-
port every violation OF the fundamental rules. o.
said corporation" So far as can ascertain, no
such agenthas seen appointed for more man 'wo
wears, and am not aware thai any thorough ex-
animation has ever taken place. hls DahA nas,
BY selling specie, and specie certificates anu -
discounting freely bills Of exchange, at usuflous
rates Of interest, made enormous profits Tor nei
stockholders. Itis believed, that no long De-
fore her suspension, she declared and paid 70 nef
Stockholders dividend Of about twelve and
halfper cent on her profits, for the preceding sly
months, and had surplus Of profits aocrung dq,
ing the same period Of about three and ha
per cent. Such dividend is unparalleled IN the
history ~ barking. and proves either that 'he
bank iufringed on her capital, or was unusually
successful in her operations. !.


The Planters and Agricultural Banks, being
the oldest institutions OF the kind IN the State
we're, nevertheless, the first in the Union to sas
pend specie payments, and.he only ones that III