S3,663,OIO

S2.SIs,5S2
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S2S4S,oS2 $3,663 ,Ole


This Bank hasincrcased its cash Sc 2S9, while
it has diminished its Immediate liabilities $SI4, ,42s.


These two Banks have reduced their business near
two millions Of dollars which has pressed and pressing
very heavily on the community in which they are situa-
ted The curtaimen necessary, doubt. to enable
them return healthy and honest state; from which
they had taken their departure for about FIVE years..
But this great expansion beyond the business require
ments of the country and then the necessary contraction
which must follow it, greatly demoralzes the country,
and is much to be dreaded. Save from expansions
and other pecuniary plaques may
oycrtake u.s.


We see that the Planters and Merchants Bank of Me-
be 2sth October, 1912, four days after its failure,
had meeting of its Directors-when they formally
solved that they would not pay specie for their notes in
circulation; and that they would give DepoStors cert
Gates time, bearing per cent. interest psr annum,
receivable in payment of debts to the Bank any me
and that meeting of the Stockholders take place the
first Monday in December With circulation of $685.
AS, and less specie than o0o would suppose,
from its previous conduct that the morality Of this Bank
would the application of that modcum honest
discharge lis debts far it would co. and then set
about diligently to collect its debts pay the rest of the
creditors. Oh, no! That be neither honest, nor
fair right, in their estimation. But when they find
their speculatons for nodinac gains have been





tai there is left and tell the Creditors they must take
promises to pay-which will be received payment of
any debt already due to become due hereafter! This
is monstrous! shameful breach of trust-a Robin
Hood policy, for which the perpetrators richly deserve
the application of the law against robbery If there is
any remaining spark of honesty good faith in the Legs
ative Halls of Alabama, let the Corporaors be made in
dlvdIay reSponsbleso that the people shall not be
defauded by issue of notes which, when issued they
know cannot and will not be paid.


Our money affairs are, we Think still progressive and
gradually improving.
We quote this week
Virginia Bank Notes par to IA per CT discount
Exchange on N. York, to 2 &c premium.
Raj and Gas R. Road to per share of 800 paid n
Will and Raleigh /" Is to, 20
Bank of the State Stock 100


CaPe-Fear Sc s5 to 80 {"


.Mecc York and Philadelphia quotations.
Alabama Bank Notes Is to Is per cent. dis.
Tennessee 6 to
Georgia to 81
S. Carolina &c ll-2t to- g"
Virginia 2 to
Bank United States, Notes, SO to 60
Stocks.
United States per cent 100 to l0OI-4
U. S. Treasury Notes 100 to IOoI-4
n York State '' 100 to lOO1-2
6 do ss to s9l-2
Pennsylvania 5 40 TO IL
Kentucky stocks rs to IS principal reimbursabe there
j. D Bank Stock to 2I-2 on 500 paid in.


- Wesee, by Friday Register that Bo5t 7. Paine
asq' the member elect from Chowan County, to the +
ouse Of Commons has resigned his seat in
y III nealth. Mr. Edmund c. BEouut is announced as
andIdate to fill the vacancy They are both "whgs
In election takes place on the 0etb ;nsf /.