CoMprnoLL xR's OFFICE, !
hf,any. oct. i5. 1912. !
REDEMprJo M SAFETY FUND EOrES.
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The act chapter 247 of The Laws Of 1872 allowed Lhe
maze no their CONTRIBUTIONS TO the Safety Fund by paying
the Treasury less Than two nor iSos , T d I R p
cent Of their capitals, In the notes Oh any h.
Dg Corporation, against WHICH all "9uNe0A i'u go
sixty-iour banks, With aggregate capital o.
sns!p SsS paa b ,,n lnn OF 5f s bsns ave paid
@ capital tgo haTe pan z per cent hanI aha
sre sy The law allowed rebate of interest a! the rate o
per cent rom the time they pay the bills to the Treasurer
-r cent on their respective capitas would bscoIne die
hsiDa amount o. rebate on the sun or which
There sixteen banks having an aggregate capital
sSfAGc0, which have not commuted. The annual conui
buttons Of these banks at OF one per cent VIII amount 10
$500 asiateinen is snnexed giving the nanes OF the
bnss which have comued aud the amount paid III each
e' e noss nso into the Treasury by the banks which
haze committed, are ON the following banks, viz:


commercial Bank of Buffalo. Sl3S 52S
Commercial Bank of oswego..............l lao,sSO O,
Clinton County Bank ACKNOWLEDGEMENTS. 1888
Lewis County Bank. nk........................... 6s5
Bank OF Lyons ........................... 1922
Lafayette BANK. ..........'. ~


S4776U9
lnihe ComTtrollers circular fthe 18th ofJuy, the cir
tnsng notes OF the Comcrcio Bank of Buffalo, the Com.
aercia Bank OF Oswego and the Wateryiie Clinton County
adj lewis Coun = Banks. are given at ,447
fls failure oflhe Hank Of Lyons will add this


sl,2ll,4l7
peduc, notes paid by the banks which have COM
mpied. 4fh0o9
And leaves be provided for.......... S7S3 839
lftEe Lewis County Bank resumes, there viii remain
about O0Dt0 be provided for by the small balance
tbe fund hand and The future contributions of The hanks
There has been redeemed OF the notes Bank OF Buff
talo up 10 the 18th Or Octoberj the of 5i2,S67


lh, includes the $500O0, the redemption of which
:a.peDded at The date of the last circular The available
balance the fund may be put down at S6o000 which viii
leave about S540C00 TO be paid from future contributions
The cortrbutionsof sixteen banks which have
nuisd viii yield only SS 200 annually for four years The
whole o the circulation ot the Commercial Bank OF Buffalo
lions he male until January, ls47 II the Banks which
boy np as estimated in the statement annexed and the
Hm against Union College can be made available, dvi
asnd 35 40 per cent on the notes OF the Commercial
Back of Buffalo may be made III January next.


In January, l547 the banks which have paid only two
Gcen their communications will be required to contri
u which aded ia the eap sI
which c0nmued at all, makes total of l956 200,
half 81 be sseR se rS will be in a%us 1877
nce $4,000 $4,000 OF the notes of the Commercial
Dsak Of Buffalo unredeemed; but the balance OF out
Standing of the Commercial Bank of Oswego being only
sseSoo the contributions of 1s4s will the balance il
,uyoi The Commercial Bank OF Buffalo, and redeem those
OF ae Commercial Bask of oswego in full.


The contributions January, l849 will be the whole
capital Of he Safety Fund Banks as the Communication of
ohree per cent pays up only 10 January ls4a The total
cap,a is $40 So5 28, which at half OF per cent will
sste The contributions January, lS49, $14e526 "a This
am viii redeem the outstanding notes OF the walervle
Clinton County and Lyons sank


InIhe Cnmpuclels circular OF the 18th of july the
raj statements based the assumption that the Safety
Fund would be made liable tor equal TO the amount
onocs several banks in circulation al the time they
respectively caioned.


Since The publication OF the former circular. inquiries
hare been made OF the Receivers, TO the probability o
reundpg The Safety Fund any portion OF is
from The assets of the banks. And test this question the
Comptroller asked the Receivers TO inform hm how mucn
ey had collected from the OF the banks respectively
hcurent funds what the acknowledged Liabilities of the
harssare and when dividend the creditors might be
expected, and the amount OF such dividend


The aeknc wledged debts OF the broken banks over and
above The outstanding notes, the time they were enJoned,
as sfallaWS, viz: