September lst, 1874.

NOTE.
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NOTE.


+ Erirnct from the Report of tile P,csideni of tie
Real Estate Bank, TO the Legislature of 1898:


"A large portion Of tho half million of dollars:
received from the Secretary of the Treasury, was
offered to be paid in gold, at tho Mint, in Phiada,
but. the fund had been received in foreign coin.
ii had to undergo tho process of recoining bcforo
the Secretary was willing TO pay itout. Tho delay
which would necessarily have followed, awaiting
the completion Of the coinage, and the utter impos.
sibhy Of getting the gold down tho Ohio river, in
consequence Of the low stnge Of its waters, and
the suspension OF all navigation on il, coupled with
tho fact that the commissioners we're fully advised.
OF tho intention Of all the Southern and Western
Banks. to resume tho payment ef spcc,e on tho
first day Of lanuary, 1850, induced them, 10 nyeue
the whole funds in Western and South Westreus.
bank paper. which wns dono, at such rates Of de.
count. rs will SECURE to the Bank profit Of .bout
$4,000. These funds have mostly been de 3osised
nt various points, with which the ctiyer,s Of this
State have connexion and trace. and will lie drawn
on in the course Of business, MS the wants of tho
community require. md nt such reduced rates Of
exchange as will relieve il from the ruinous saats
OF things which grew out Of the recent unfcr.
lnnnle embarrassments Of our common country.
We can now draw at sight OH New Oreans, Match.
cZ, Louisville md Cncifnati / ~ 1f4a.I II 10 III