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Thoss marked with under the banking law


There has been quite falling of In the circulation Of
the old issues, but the decline has been than oet
by an increase in the registered circulation We notice
in the detailed statement from the Comptrollers Office
that the amount put down being due the Treasurer Of
the United States, Is oIly $27so96 According to the
monthly report Of the Secretary Of the Treasury the four
government banks Of this city had deposit the 2sh
Of Ocober only three days before the date Of the Comp
trollers retrrns, $Ss7alos being $2oe544 than
given in the official returns II 10 hardly probable ha.
this amount could have been drawn from these banks In
that short time but it is possible and one reason
for the very great decline In the stock market. The
banks Of this city In generalgovernment banks ond all
ohers-reiuse TO loan dollar the best securities
aoat at the highest legal rate of interest How long
this state Of things will continue 10 impossible to tell
but at present possibility Of relief until after
the LIST Of January next when the government payso
portion Of it, debt.


The banks Of this State must at first be very cautious
in any expansion they may determine They


FIRST feel their way, and they progress lay basis for
their operations premature expansion would be short
lived and these institutions thoroughly satisfied Of
this iact and govern themselves accordingly. An exten
sive imitation in the currency not brought about at
The late revulsion eight years coming to
crisis, viii ihe aid Of the United States Bank The
State banks having the whole field to themselves
cannot expect early result but these banks
ara in exience there must later be expan
sion ofcreds on imitation and depreciation in the
rency unless they checked by frequent publicity Of
bank reports To this must at last, and Il may
as well be before another explosion aer The mins.
try Of Great Britain have been compelled adopt the sys
tenn Of weekly reports and there s certainly much
necessity for such system in this country Banks
public institutions they receive all the privileges
they enjoy from the people, their credit exists In the cong
6dence Of the public at large and every individual Is


liable be called upon to give them credit BY taking their
promises to pay these grounds they should give the
greatest publicity to their affairs; there other con.
sIderaons in favor Of this system, Ia II checks any
movement in ts incpient state, likely to destroy
dsrange the regular course Of trade snd produce spscu
ation, over.rading and bankruptcy 1t would produce
greater regularity and uniformity in the operations Of the
banks and ensure equalization Of commercial affairs
tending vastly to apermanency in the property Of the
country.