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that heavy losses made in cotton by operators in
Hamburg in the latter part Of the season. but they were
able to stand the losses they made large profits in the
of the season. by the purchase cotton
at to scens and selling it in New York and Charleston
at o. TO- and II cents This enabled them to stand the
heavy losses and these losses so far as the bank was
concerned were all paid except eight thousand dollars
oil which the bank expects to lose Ave thousand and this
amount included in the twelve thousand dollars admit
ted by the President to have been lost during the
eight years We must confess this is very favorable
reporbut reconcile this statement with others
included in the returns We find in the above table an
item of notes in suit and in judgment amounting to
S57 1885, what part Of this amount is really bad we are
not informed The President in his report says that the
entire losses of the bank by the citizens this place. and


will add the district do not reach twelve thousand dol
lars" This may be true far goes but the losses
of the bank out of the place district must have been
in eight years. much larger than that amount parcu
larly when the amount of notes in suit and judgment
reach $5a7sa3 The bank has kept large balances due
from abroad, as will be seen by the annexed table


MONTHLY STATEMENT FUNDS THE MERCHANTS BANK,


MA VA ID