The New York Herald Newspaper, January 15, 1852, Page 6

STATE DOUUMENTS. REPORT or THs COMMISSIONERS OF THE CANAL FUND. To raz oF ‘The Ai Cana DEcaRTMent, Axsany, December 31, 1 Honorarce, THE ComMissioneRs Tue Canal Funp: uditor of the Canal Depart ment, in compli- ance with the statute, respectfully present: a state- meatof tl he receipts and payments on accountof the {sand the canal debt, and the balances of the funds on hand, the depositories of the same, and the condition thereof for the last fiscal year ‘The balance of canal funds on hand on the lat Octobe Ay Deporita i lave par ‘The reoei ‘The payments during the year have been, Due from the General Fund ‘Tota balance at the close of the year Of thos balance there is deposited in banks Tovestme: Duef x The amount of an Tho unavaila'le balance is less by $33 shan faa ve mais colisotio: been made of brances tially eo RE + the sum of $1,284,105 1! is considered 1850, consisted of : ) ees ats, securities in the Cai tment... $817 433 39 nal De. pis during the year have been... $1.565,119 02 4314 64 $1.059.938 66 $1 407.302 8 08 ot at tment. #0 weeds onns +s e Genera! Fund..,..... urities im the Canal De $1577: 43i4 $1 500.923 65 INDITION OF THE CANAL Bank Fund s: of the year, has beon re elk Jos. No 4! s in banks, (see d the sum of unavailab) O87 $ t pear. The balance due from the Lockport Bank last 150 bas been paid dend of $11,109 $3 haz bee no info more ion of the prospect of rea com that concera ing apaid, n of it are yet pending nadvance has 354 06 to protect the cured. AND EXPENDITURES OF THE Statemont of the revenues of the State canals, and the ordinary 30th Vnterest ca ptember, 1-51. expenses of collection, superintendence and repairs during the liseal year endi Art. 7, see 1, of the RECEPT plus water current canal revenue. &o.., niendents $682,598 82 sioners...... 44024 05 — ~ $726,622 87 For expenses of collection of toils, viz.:— of s+ $67 45 G5 masters. 7,412 £9 ——— 75.58 45 nded te 2.358 73 Boss . 277 68 of Auditor and cleras of Canal Department. 7476 00 For mi! ous payments.. 15,161 78. at aers fateral + by Canal Commis. for new work on the canals, under spe. ciai Laws, vin On the 0 terest Cipai of the B for the For tha: called thi For that ted Debt. 45..... oe For the General Fund to pay the ae RoveraMent. Sreeveecvevee mainder of the reve- 3°! of the fiscal year a swcgo Canal T5AT6 69 Tevenuer $2.314452 91 t by Articl 7 m, to pey the in- leem the prin- tate debt, and support of gov iz: part of the debt Canal Debt, 1 .. $1,900,009 09 part of the debt the Generel Fund 350000 OF cestary expenses Of 200.000 00 ——— — $1 350.000 00 plicable to the completion of tho Since my last annual report the Legislature has Placed the fund for the completion of the upon ar as they accrue from year to year, Lrie Canal eplarge- . $904.402 91 COMPLETION OF THE CANALS. Hereafter the surplus reven ew basis. 8 will be mingled with tho availe of canal revenue certificates, and it will not be desirable to continue a separate state- ment of the application of the surplus of each year to meet 1 present here a tab! the appropriations. , showing all thi appropria- tions from the surplus revenues, since Ist June, 1846, with the amount of the surplus in each year and its application, continued for another year. APPROPMIATIONS AND THEIR APPLICATION UNDER ARTICL! AV\EN OF THE CONSTITUTION Appropriation. Under ch 259, Lews of E. C, EB. $117 629 37 269, B.C. B. 25000000 « « © 8 50,000 00 ‘ « @ 1.090 09 $478 620 OT “ « E . $659,009 00 . a | 50.000 00 . G 50.009 69 ———— 659 100 00 Undercl, 215, Laws of 45 E.C E $910,000 00 ‘ 214. § BRC. 150.000 ¢» & $17, -“ G.V.C, 218.000 00 $2.595.020 37 40.1... $120,009 90 - BR.C. 140.000 99 ‘ G.V.C, 140.030 09 Totals... -eeveesoneee cee e+e $4 59 620 3 Applied, Under ch 269 Laws of 47, 6 C K. $117 f = 3, ECE. 250.090 & 260, “ BRC, 50000 0 263 GVC. 61000 v9 — 176,020 7 “5, 4 ECE, $659,000 446. BRO. 60.000 47, GV.C. 60,000 c+ ——————__ 666 (00 00 Under ch 213 laws 0! “48. pro rata EOE, $800.08 § ou, BRO. 99.660 8 217 G.V.C. 166.960 9+ ——— HoT 81 rt of approp’ns of US. F.C KB, $218,086 2 “ » BRC operas stitution taint For fe fund wi without Rinee quwrty 217 laws of 40, pron B.C, B $754 808 2 ae BRK. C. M608 on 38. pprop'ns of 4 aw prors KE ( ‘ z BR fOEUR Tota $4 600 620 ut adual extinction «f thec del f the g fund creat by with rog is progressing vr years from the end of 1551, the sin be sufficient to meet every claim uy resorting to its eredit ver adoption of the consti(ution, the sum of has been appropriated wador its yer | Three years and 8 months, state | | 16% do 1866, to July T., vislons eee Rone therein fand Of this, the sam of $4,910,064 41 has beea paid oa acoount of interest. pall A _ The canal debt has, therefore, beea rodusad, including as reduction, the balansa of tha sinking d now on hand, since the adoption of tha cdnsti- tution, the sum of $2,022,263 92, by tho application of the aqgcite amount appropriated to tao siakiag fund it the reduction bas been more thaa this, os premiums maggen, Wore have beea recsived on loans on the credit of the sinking fund, and transferred to that fund in pursuance of law On the other hand, a fow thousand dolla: paid for premiums on stock purchased, and for tha expenses of the transfer office. CANAL DEBT. Sratrvent showing the amouat of priacipatmad iaterest actually payable in each year, together with the ce- its of the Sinking Fund, ander the constisution. art. sec. 1, from the 20th September, 1851; also, the amount of surplus or deficiency on the 30th Beptem- ber of each year, and the amount of annual interest on the rame at 6 per c Interest Total pr in- actually espa! and . ab tnievest 851, Deficiency, — 1852; to Sept. « $313,790 30 1883, do. 813,75) 20 1854, 1585, 1566, 1887, 1258, 1589, 160, ‘1861, 1s, 156%, 14,970 76 1864, 534,900 75 185, do, 1,879 160 14 1866, to July 109,607 44 $15,301,100 16 $6,160 Add balance of interest om deficienc ‘Add amount of deficiency a0ba Sepe Total debt, principal and intere on the lat July, | Ay Surplus on the Ist July, 1866 ‘Total debs and eur, 5x5 144 24 1.025,140 02 Interest on deficienoy......... Interest on serpius.. fSurplus. CONTKINUTION To THE S NG ¥ t $1,500,090 1861, to 0 (from June 1, 1855, to July pee annum, (from Sept une 1, 1885.) Eleven years and 1 mouth. at $1 per annum, 1, 1866.)..., 5,838 68 | 18,841 665 67 | 603,333 53 8,337,189 16 | 6 964,000 00 Horpens oF SEW VoRK stats ‘There is held on United States aecount do. do. Foreign account x $ PAYMENTS DURING TItt VKAR. ‘ | There has been paid during tne fiscal year > on the principal cf the ea Beven per cent stocks of 134! Five “ 1350 Five ie 18Al For debts due prior to let Juz chap. 275, Laws of 1850. 608 199 44 At (he close of the fiscal year there remained | of stocks due, (he payment of which had | been provided for :— | Six per cent stock of 1857 $150 00 Six tb 1350, 2),090 00 } Five ‘ 1850, SIZ 45 Five G 1851, 6.000 00 | SHO ASS 45 Bivee the close of the fiscal year the above has been paid, except of the Six per cent stock of 1827... $160 00 Five per cent stock of 1850, , 13,165 00 | _ The payment of this sum being provided fer, no interest accrucs on it. | Attention was last year called to the necessity for legislation to provide for the interest on the loan of $20,000, made in IS49, for extraordinary re- pairs, ke. | No law was passed on thé subject. ‘The premiam which was appropriated to that purpose in 1950, has been exhausted, and other provision ought now to bo mado Francis H) Rueeres, Auditor. 5 Cana Depa TMENT, Nv, Dec. 31, 1851. To rug Le@tstature: | of circulation iseued to said banks, and the amount Tho Commissioner of the Canal Fund respectful- | ly eubmit to the Legislature the annual report re- | quired of them by law ‘The report of the Auditor of the Canal Depart- ment, herewith trans ed, contains all the infor- mation which the Commissioners desire to commu- nicate to the Legislature. Respectfully submitted, 5S. FE. Cnuacn, Lieutenant Governor. Ciristoruen Morgan, See. of State. L. S Cnatyreto, Attorney Gencral Axvau Hent, Treasurer. Pu. C. Frviiez, Comptroller. NEW YORK BANKS AND BANKING ASSOCIATIONS. Report of the Superintendent of the Bank! ing Department, Bankin@ DepaRTMENT, Atzany, December 31, 1851 i ‘The uperintendent of the Banking Department, in obedience to chapter 164, Laws of 1851, has the honor to submit to the Legislature the fol- | lowing REPORT. The whole number of banks, banking associa- tions, and individual bankers doing businese on the first day of December, 1651, is two hun- dred and forty-four, as follows :— Chartered banks. Nanking association: * Individual bankers..... Total.....5+. we Since the date of the last report by the Co: troller, the charter of two banks have expired Their aggregate capital was $50,600, y ‘The New York State Bank, capital.... Bank of Newburg...-.. ses sseecees 140,000 A majority of the stockholders of both these titutions have formed associations under the pro- visions of chapter 31:3, Laws of 1x18. During the year, 37 banking associations and in- dividual bankers have deposited the securities re- quired by law, and commenced the business of banking, «$369,600 WANKING ASSOCIATIONS Citizens’ Bank, New York. Mechanics Bank ef Syra- Cratham Bank, New \ork. _ cuse, Syracuse Farmers’ Bank. Saratoga Bank of Malone, Malone Co. Half Moon Village. Bank of the Metropolis. NY. Bank of Fort Edward, Fort New York Exchange Bank d New York Valley Bank, Gen. New York State Bank. Alb Bank of Newburg, New. r ee e800 Grocers’ Bank, New York burg | Goshen Bak, Orange Co. Bank of North America Goshen New lork Glen's Fails Bank. Glen's Pacifie Bank, New York Falls People's Hauk. New ) ork Hanover Bank, New York. tome Exchange Jiank Irving Bank. New \ ork Rome | Canal levenue Certifi Knickerboccer Benk, N \. lank of the iepublic, NY Merchants’ lonk im Syra- Union Sank of Sullivan Co cure Syracus: Monticello Metropolitan Bank, N.Y. Union Hank ef Troy, Troy ‘The amount and character of the securities depo- sited by the twonty-six banking associations above named are as follows, viz New York State Stocks... United Btates stock 155.000 0 tes 109.500 00 Honds and Mortgages Cirewlation issued on the above Commercial Bark of CI. Clyde. Bank of Chen Dunkirk Bank Exc bank Wa Cayu orth Kank na. Tavang Ope Bank Oneiis Va of Low Lumbermans Hank murt, Herkimer The amount and ¢ posited by the el amed, are a8 fo ew Yor United Stare ban ator oe enue certitioater nd MOrtgABees over s + 554,008 ed on the above securities ‘owing statement shows the state andcon- | dition of all the banks, banking associations, anc individual bankers, from which reports have beon | recived during the past year, on the several days | | in the aggregate to $16,82: | New \ork Btate aiock, designated by the Superiaten tent, for makiag tusic <uneaarly sapere. 1 2g2 sq 88 a83338 38, zee Sgase2°"Qege ig: 33 238938° "23% e3t 3° eee “ e :@2 ozs ES SSRs ge ézy SS =3s $3? Base <¢ 32 ee 3 ore a3 nets § a a 4 es $2 borg BS ote oa asses Sa ass so & : is ei3e4a: Ss: 0 5 ae Biss: ° > Ss Zs i827 .5 3° . ht i Ee me oon es Baetsoss s :& gis Sa@e8ega s a: Sia a oon Sm & a 2:8 gal 28%s S$ :o3e% ig: : oe Sgageg ee igtiS ig ig ib: 123893434 F Pisces. ie ¢ gee 3 2 Bebdia 2:S33:: 3 ps824s3 Sagess if 29:1 '23232 239 Zoe ‘eg (BES. i Beseeags SSSsb8 08 83m se R23E 282 Seseactss PS is :2538 38 638 $552 i356 :G8Siaaata = . ‘See BS SeaS sees ea tgeeu sb els Ree gs SSS Sig ae sees etzsseu tse ES 2aFaTosesssSsszssasszs = S@BaQR eon Pheasawa F # 3 zt Jaticnnoteegisd — GiL,53s 654,053 Registered notes ineiroulation.. 27,14 875 27,927 453 Lue Treasurer bbe State ot New York sees 269,645 915,744 2.134504 Due dsposiiorson demand 50,092,447 60,219,981 48 001,809 Due indivi and corpneatio others thaa b' 2,604 508 GIL,78t 14W,GUL 1635,285 1,161,598 ie amount of circulating notes issued to asgeciations and individual bankers, outstanding on the lst day of December, 1851, was $15,671,001; for | the redemption of which, securities are deposited, and hold in trust by the capernen 718 dent, amounting viz:— Bond aad moiteage.. Do. do. 5 De G5. 6h Do co 6 United Btates stock, 5 Do. do. 6 Canal revenue certificates 6 Arkaneas Btate stock, 6 Tilinois do. 6 Indian do. 5 6,650 00 icbigan Cae 200,000 00 | Cash ia depesite, for stocks m: bonds and mortgages paid and banks ing business.. 225,127 24 jes held December Increase cf eecurities for the year ending December 1, 1861......2+..ss cece sseeee Total amount of circulation December 1. 1381, seers seveseveecses 0 815,071 004 00 Total emownt of circulation December 1, 14,205,115 00 | 1850... Increase of circulation for the year ending December 1. 1851......... sessesee $1,467,889 00 | Tho following statement shows the names and location of such banks as have given notice of their _ intention to close their business; the greatest amount — of circulation outstanding on the Ist day of Decom- Greatest Outstd’s Nome of Bank Circulation, Cireul Kuickerbocker Bank, Genoa ++ $190 885 $24,708 | Bi 120680 "17.818 seve 70405 14747 Northern Bank of New York, Brasher Falls ak teeseceses 180,680 39,000 Merchants’ Bank of Washington Coun- ty. Granviile.. esesecscesse 49635 3955 Merchants’ Bank of Cansdaigua, Naples 177.550 34.862 Adams Bunk Ast rd. 69 694 Oswepo County Bank. Meridian. S975 New York Stock Bank, Darham. 9Lusz Mclutyre Bank. Adirpadac... 49.995 Beak of the Metropolis, New York 100, Commercial Bauk of Lockport, Lockp'rt 65,1 Total circulation. ............ 0.4.8) $12 Ot Circulation outstanding Dec. i, 1861. Amount of circulation returned and destroye epee aoe $2 806 Five individual bankers, who hare heretofore given notice of their intention to close their busi- ness, haying complied with the provisions of section 8, of chapter 319, Laws of 1441, by redeeming ninety per cent of their circulation, have withdrawn the seeurities held in trust, and deposited an | amount of money sufficient to redeem the balance of circulation outstanding. The following statement shows the amount of cir- culation unredeemed on tho Ist day of December, 1851; the amount of money held in trust by the | Superintendent ; the date of the first notcie to bill- | tanque county, holders to pregent their notes for payment, and the time when such notice will expire: — tire Cashin Date of ition. deposit. notice. ? 210,109 $10 40 W Dec, 1 “BI. Dee. Tranklin Henry Kreps’ B Villege Bank...“ 8u6 Warren Co Bank.) 4,852 At the expiration of the above notices for two years, the securities held by the Superintendent in trust may be given up to the banker or association, upon receiving a bond, with secerity, conditioned for the prompt Lis Mb of any unredeemed circu- lating notes of such banker or association, if pre- sented within six years. ‘ cs The circulation of the Walter Joy's Bank, which failed in the year 1450, has ail been redeemed and cancelled, except $412. There is held in trust for this bank, the sum of €2,966 01, arising from the sale of stocks which were held in trust for it. On the first day of October last, the James Bank, Bank of New Rochelle, l’armers’ Bank of Uhau- Western Bank of Washington county, and Phwnix Bank of Bainbridge, permitted their notes to be protested for non-redemption at their respective agencies. : The powers of attorney heretofore given to said banks, te collect interest on the securities deposited | and heldin trust for the redemption of their cirou- lating notes, were promptly revoked. No other measures were taken to protect the bill holders, as these banks were believed to be banks of circula- tion only; and irom the quarterly reports received from them, it is believed that the securities depo- sited in this department constitute their only assets. Arrangements have been made by the Farmers’ Bank of Chatauque county, Western Bank of Washington county, and Pao nix Bank of Bain- bridge. to redeem their notes ag required by law. Tre James Bark and lank of New Nochelle failed to pay their protested notce within the time allowed by tain after having been duly notified to doso. A portion of the securities held in trust for these banks have been dispo.ed of at public ale. and the remainder wil! be converted inti money ina short time, and a dividend willtbe made to bill hold- ersin January next. The bonds and mortgages in trust for these banksaold at a large discount. Tbe Comptroller, in his annual report to the Lee gislature of 1550, called its attention to the system of banking racticed by may individual bankers I deem it my (uty toagaineull the attention of the Legislature to t jubject.. ‘The law of Is4s, BAO, expressly provider that all banks shall be banks of discount and de- osit, ag well as of circulation; and that the usual usinecs of all banking associgtions and individual bankers, shal: be transacted at the piace where tuch agsociati or individual banker shall be io- cated iE t is believed that this prov’sion of the lawizin many cases entirely evade The Lent / re- ports received, show that th y are not banks of discount and deposi, having neither; or, if they have. itis a mere nom «om incorporated into their reports, to co: 4 che form aad not the spirit of the jaw a ‘They are mere benks of civzulation, and are ¢% tablished for that purpose alone. The business of circulating their notes i ive i agents and brokers in commercial cities. distant from th tion of the bank. In many instancos, nelieved, the banker dves not even sign the s issued from this department and put in circu ut gives that power $o an agent, with pow ppoint a substibute or substilutes for to deporit securities, receive interest exchange securities and mutilated ne todo ail acte cernected with the bank which the banker himself could do. Jn this man- ner are evaded provisions of the law of 1518, which makes it ob tory for banks and hankers to transact their usual business at the places whore they are located. ' These banks afford no facilities to the business portion of the community, andin a time of pressure or embarragement in the money market, not unfre- | quently allow their notes to be diseredited, theroby croating & pane and subjecting the bill holders to losses | which oae exclusively through , f , Chemung Canal ‘Tho eystem of selling and trausfs individual baake frow one person to aaother, aod juea’ cbaoges of location, hag become an evil whiah, ia * jadgmect, requires a remedy. 13 believed that in gome cases individual banks are transferred to irresponsible paciies, sad baat ths reai owners, Cr the parties interasted ia tae benefits aud advanthges of the same, avoid all personal ra- spoosidility by conducting tei: busiaess ia tas names of other partion ‘The catablisbing of individaal backs, (ia parts of the State romote trom the great taeroughfares aod tho general current of business,) and seiling thom, bas come to be segarded by somo as a legitimate transaction. [tisurged by thoge interested, tas inasmuch aa thoy are required to deposit the same securities for tho redemption of tavir circulating notes a8 those that do rogular business of disooaas- ing paper ond receiving deposits, they give equal security to the bill bolder. [+ is however appareat, that there iaa great differeaca ia the security at- forded to bill holders by the two claases. A baa: of morecirculation, having oo capital or assets o: cept the securities depostted wich the Supsriatea- dent, cannot be regarded in tho same light wita bark baving a real capital and doing a legicimate basineas ta the one case, the public must depead oatirely on the securities beld by the Superintendeat in trust for the cedomptienof the circulating aotee incase of failure) without reliance upon assets, capital, or individual responsibility ; ia the other cage, tho capital, assots, and individual responsibility of stockholders, add much to the security of bill holders, Our system of freo benking. if fairly and honeatiy carried out, presents as pertect a combinatioa of all the elements of security to tue pudlic and to bill- holde:s aa can well be devised If the Legislature chal aot deem this eubject of sutlicient importance to enact auca further laws, with euch penalties as will preven: taa abuses aad ovasious referred to, and ouforce a compliance with the obvious intention ofthe law as it now stands upon the statute book, it is respestfully reeom- mended, that a law be passed authorizing banka of circulation, whick siall be secured by tae stocks of the State of New York and of the ited States, and canal revenue certificates, to be, or te be mada to be, equaito a stock producing six per cent per | anrum; and that ao other securities shail ba ra- ceived by the Superintendent in trust for the redomp- tion of circulating nots te ba issued to such baulc or baakers ie It is belioved that this plan, if adopted, will givo to the public a more certain security ; aad in casa of te failure ofa bank or banker to redeem taeir notes, the truat funds could be moro readily con- vertediato money, giving the bill-boiders the benetic | of amore prompt redemption = In purevaace ofchapter 331, laws of 1850, tha affairs of 23 insolvent banks bave been finally aet- | ticd. On the lat of May, 1350, netics was given by the Comptroller to holders of circulating notes of these banks, that they must be presented at the Bank Dopartment for payment within six months ; and that allnotes not presented within the time thus specified, would cease to be a claim onthe residuary funds in his hands belonging to said banks All notes ef said banks which wero thus resented have been redsemed at tho rates epeci fied in the aforesaid notice. The amount held in trust for eaid banks, after paying the dividends to bilt-holders, was $21,152 45, which was divided, pro rata, on tho outstanding certificates. Notice was given to certificate holders on tho 12th of I’ob- ruary, 1851, to presont their certificates for a final Gividend on or before the 12th of August. All the certificates thus presented have been redeomed and | cancelled. After redeeming all notes and cortifi- cates prosented according to the several notices aforesaid, the balance of moneys belonging to eaid banks was $5,550 54, which bas been paid iato the treasury, to be applied towards defraying the ex- Ferien ofthe Free Bank Depaitment, as required y law. & The annexed table, marked A, shows the amount of circulation at the time of sale of securities, ratos of redemption, amount unredeemed, cash on hand after redemption of notes, amount of certificates ia- sued for unpaid balances, amount of certificates re- deemed, amount paid in redemption, and the sevoral balances paid into the treasury. A large amount of the notes of tho banks whose aflairs were thus finally settled, had heretofore been retained in this department in sealed packages ; these packages have been examined and the notes deetroyed, amounting to $204,720. The plates of these banks, as woll as of those fave more recently failed, are still remaining inthis department. The law does not provide for their destruction. It is respectfully asked that the Legislature authorize the destruction of all plates held by the department for banks which have failed, and also thore held for bazks and bankers which have given or may hereafter give notice of closing their business. Tawr s.~Sbovirs the accounts of 2% ingolvent banks cd pursuant to ctap Ol, lawsot 18°, circulation ay Ne of securitics, rate at which circulation was d.'smovnt unredecied not presented. ci te mounrs of unpaid batauces ad, per centaga paid on cer- os redcemed, amount paid ia eral balances paid iato the trea- y emit Law required :— ‘ime of Allerany County Bank... Boflaio. o. 0. Bank of America De. d . Bh. of Commerce, Buf alo. da Be. cf Western New York Binghamton Bank... . Cattaraugus Co. Bank 0 0. Cheleos Bank, New Yo} Erie Co. Bk , Stocks and. 28 | Farmers’ Bank, Seneon C 3,054 9 Mechan 615 4 012 28 20, do 538 08 Millers’ Bank of Clyde. 50 39 New York Banking Co 8143 PLonix Bank, Buitato. 330 00 State Bank of New York, Buffalo A 116 61 Staten Island Bank, 300 90 St. Lawrence Bank, 424 25 ¥ 403 41 254 23 409 31 553 16 Nome of Bani Allogeuy Ce. Bank, git! vitae tg rear e 3 Bank of America, Buitalo . 234 12,598 76 FM 107 636 11.703 69 wo 608 275 55 104 50 10 77 0. qd Chelsea Bk, N. ¥ Frie County Bank P: | Far. Bk, Sencen Co 266 41 Mech. Bk, Bufiaic ‘262 56 Exch Bank we 8270 | 314 53 5363 eS Bank, Ballalo i 46101 | 75.01 Staisoient ehowing the names and localities of the Se- venty ore Incorporated Is; and one Branch, of the #tate of New York—Uie amcunt of capital authorized by Jaw to be invested the amount of notes authorized | te have in clreulation, and the amount which each Berk bad incirgulation and on hand on the 1st day or December, 1851. and the years when their charters will expire, respectively Charter Yume of Bank, wile Albany City Bank. Atiantic Bank Wank of Albany Bank of Americ Bank of Chevang Beuk of Gene Name of Bank Lewis County Livingstc Madito Manhatten Mechanics Mech.’s & Farm's ire Weapive. hank.. .1863 Co, Bank,, «1859 | y Hank, 1898 unlimited. 1866 | Bank of Geneva Mech.'s' & Trader Pank of Lansingburg..1866 Merchants’ Bank Bank of New York....3803 Merch Mech Bank of Orange Uo....1#62 Mohawk Vank.,.......1853 Bank of Orleaue..,,...19€4 Montgomery Co. Bank. 1857 Bank of Owego.,......1964 National Bank... .. 1857 Bank of Poughkeepsie. 1808 New York Dey Dock Bank of Kome ...,....1862 Company... «unlimited. | Bank of Baliva........1862 Ogdensburg Bank..., «180% Bk of the State of NY.3860 Oaelda Bank... Bank of Troy v.s.s.., 1859 Onondaga Co. Bank.. ..1854 Bank of Whitehall, , 1550 Ontario Han! ++ + 1896 ) Brocklyn Bank 1800 Ontario Branoh Bank, .185¢ Brecme County B Otsego County Bank... 1854 Butchere'& Drovers Phenix Bank 1866 Catekill Bank. « Rochester City Rank, .1 B Sackete Harbor Banik. , 1865 Saratoga Cou Beheucetady Bank Seneca County Bai Seventh Ward Bank... Steuben County Ban nners’ Bank. . pkins Co, Ban Tradesmen’s Bank Troy Vity Hank Ulster County Union Hank, Winchester Vates County t Chautauqu Her vu Highland Bank.. Hudson River Ban Jefferron County Bi Kingston Bank,, Leather Monyt's 1806 Ranks. Bank 1G 3 | | ‘There incorporuted Bauks are entitivd to have in circulation And that they b: on band... eee aa woo Jamer Nicbois. Register G & @ Bop'ebact, Rewatac HG Carpenter, Begtster J.-L Acoma Register Natbaoie: Dacre, Orr 8 fh OW20R ATO HAN ORPAAT MENT A UY Denuia. Bookisoener ALO par sana, @ Boyd principal Registre -. $0u0 ane yy 621 744,370 actual ciecuisti®n aad Leaving theic circulaliog aotes leas thaa the smount Chey are eutitied to. . , oo 8 LOL The following tabie shows tas oumdsr of banks whose charters will expire ia cach year from the Ist January, 1352, to the st Jaauarz, 1366, bor | O- Dusie Regtter am “ inclusive; the amount of their ceapestiva capital, | Q.* High rvesege meet aye ae (inaiuding State stock aud canal revenue certifi York...... he “ cates,)the amount they ary oatitied te circulate, Tsbould do injustice to my owa faaiiags ware L to god the amount ia actual ciroulatioa aad oa haad, i ry ok omit to aay thar all tae arduous aad reapomi dis duties which must, of aecessity, davol7e upea tne Evisttedto Ctr deputy superintendent aad clerks ampiopad ia this Canitat. Coreniate. — te Department, bava beea performed by tham wita ay 5) 800 aiacrity and uatiring iodustry Tha large iovrease 4 645 000 of bans, and toe nacesearily incrsaved amonat of 1515 010 circulation, add mucé to the business of tay dupact- ment, aad it is anticipated taat tha timo is aur fac distaat whea aa incroaged force will ba required ALL whica is reapectfully submitted. D B ot Jou ypSupsriatengoat 2 & 1 Bech, i ¥ Correspendence Acaany, Jaa Ut, ba52 smth Resoludtons Comal Latngs—Tury Res Albany, $e Neither braach oftae Legislature kaa pat oatarad upon tha transaction of any importaa: busingus, Tao mombors boing mostly atrangeca to aaca otise, it coquires some two or threa woeks’ intershaogs of sentiment before any plan of opsration caa ‘so eystematioally projected. Tha political coaditioa of both hou. is such, that meituer party will ua- dartaks to briog forward any al or davidediy | political matters during tae sedsion. ‘I 4a probabi- shat it will boa working segsioa, aad that tyadiom emia tre mo Berge at $27,163, 26 ‘The kinds and emounta of stock held on the Lat December J351, for certain incorporated banks ia trust to redeem circulating notes andor tha several gots mentioned heiaw, are as follows :— of Onder what lek. ft fi 20 Apeitl3, 43 23 will devote thamseivea to thy pacsags of such laws, and the parformaage of such duties will best comport with ¢! interests of their coast tuents, and the welfare of tha people of taia State. 6 Mar. 12, "19 100) | "On Thursday the debate sommrd, ia Go Basis 12,13 22400 | Senate, upon the ger of ihossuth coselutions BK“ Mae. 12° 1.000 offersd by Senator Conger. Thora are se7oral 6% Do.” S00 gentlemen who desire to oxpreas their ideas apow —— 1009 | the subject of national intervention, and tha dopate Boncosa Co, C Book | may ba coutinuedseveral das dere is notaiag | of importaace now on the tab muoh batter to | dispose of the question whilo tima is not very pro- cious, than wait two or three weeks, wagn buainass will press more heavily upon memb The ink- ling received bere of Mr. Clay’a iaterviaw with Kosanth, will go far towards shaping tha rosolutioas which will be adopted by the Logisiature of New York Many mombers of both branches arg ia favor 3 Do $01,400 ‘Tho following table shows the amount of circulat- ing notes issued to seven safety fuad banks, (and not returned,) the charters of which havo expired, and the date of the expiration of thair respective cbartera. The aggre ate amount of circulating notes issued to said banks, and outstanding on tao Ist day of | of simply inviting the ox Governor of i December, 1851, was $1,655,507. Amajority of the | the capital, aa the guest ofthe State stockholders of six of these banks have formed as- | ‘There is considerable furore in re canal lettings. A fow days ago, ¢] Board adopted a resolutio: Zan investigat i into the way and manner in which the old board bad allotted the contracts, a copy of which was this morning transmitted to both houses. My. Cushing, of the House, also introduced a resolution asking for the appointment ofa committee to taka tke matter in charge, to send for persons aad papers, to investigate the charges whisparad against the old Canal Board, to report the namas of ail bid- dera, the amount of their respective offera to par- form the work, &c. The railing of tha disap- pointed bidders is the means of bringing tha mat- ter thus early to tho attention of the Legisiatare. Tho law gave the boarda wide discretion; it waz empowered so to distribute the work, thattha in- tereats of the State would be best promoted, in the opinion of the Canal Board. The greatest com- nt, however, isthe action of the commissioners and engineers in allotting work, contrary to a rex0- lution of the Canal Board, which specified that the ** lowest responsible bidders ” should begentitled to the contracts. This injunction, it is allogad, has been disregarded, and jobs have been givan to per- sons, in several instances, who wera not tha Loweat bidders. Hurry up the committee, bring forward the witnesses, give the people light. Jot justice be done, ‘ though the heavens fail."” (nterference with tho duties of the genaral go- vernment has already commenced in both houses. A day or two since Senator Wright, from Wash- ington county, laid upon the table a string of reso- lutions, instructing Congress a3 to their duty ia re- spect to the tariff. Today, a similar sariss were introduced in the House. Whenever brought up socintions under the provisions ofchapter 313, Law: ef 1848, and are transacting busixesa under the pro- visions ofthat act. It is apparent that the circulat- ing notes issued to and put into circulation by these old incorporations under the provisions of the Safety Fund act are not returned to this department for destruction when redeemed, but are again put in circulation by the now associations, and usod in tho transaction of thoir ordinary business. The Legislature by the act of {S43 intended to grant great facilities to banks as their charters ex- ired, in chUnging from the safety funa to the free ankivg system; but it cannot be believed that it was intended to grant to associations formed under the provisions of the act referred to, the right or pri- vilege of circulating, for an unlimited timo, the notes of a corporation no longer in existence It is respectfully suggested that the actof 181 be eo amended that all banks, the charters of which have expired or may hereafter expire, shall be re- quired to return their circulating notes to the Bank Department, for destruction in a gradual manaer, in each year for three years next following the date of tho expiration of their respective charters; and that after the expiration of said three years, no banking azseciation formed under the provisions of said act of 184%, shall directly or indirectly put ints circulation the notes of any corporation the charter of which eball have thus expired. Tance showing the time when the charicrs of sundry Incorporated Banke expired, and the amount of their circulating notes outstanding and not returned to the Bank Department, on the Ist day of December, 1851 :— Name of Bonk. Charter Expired. Circulation Merchants’ Ex Bark..1st Monday in June, ’49. .$228.659 9% Repk of Auburn. -Ast January, 1850.. 190,000 | for digcussion, they will engender party hostilities pate nae o0 ae poste ed and preferences. The question Uae reettan valorem Sauk oe Newborn. rane Sanuary, 1801 and specific duties cannot be settled by any State Legislature. and no joint resolutions rolating thereto can be adopted by this Legislature, as at present constituted. ad A strong effort will soon be made to bridge the Hudson river at this city. The attempt made a few years since was a formidable one, but the ad- vooates at that time were prinoipaily of this city, and the opponente, the indefatigable citiveas of Trey. Since the failure at that time tha subject bas not been agitated. ‘The time has 207 arrived when the atcha J travel, trade and general in- tercourse between the great Far West and the At- lantic cities, demand that no interruption to that intercommunication shall exist at this poiat. The re. Bk of Utica & Branch... 1st January, 1850 New York State Bank... lst January, 1851., Total.......605 THE BANK FUND. This fund was transferred from the charge of the Comptroller to the Superintendent of the Banking Department on the 24th day of June, 1851, in pur- euanee of chap. 161, laws of 1851. The following as statement of the condition of the fund on that ney Aricunt of Bix per cent stock issued on ac- count of the fund outstanding, $626,451 69 Au.'t of aevets of insolvent banks. . $25 2 Bonds and mortanges. «+ 14.604 73 termfhation of the Westera and Northern roads on Money in the Treasury. 20919 50. | one side of the river, and the Boston, Harlem, and ——-—— 97,147 55 | Hudson River on the other, has so vastly demand- ed facilities for connection, that ferry boats can no longer transport passengers and the immense amount of freight, from shore to shore. {a the winter season especially, when the largest amount of freighting business i: necessarily transacted, the Debt of the fund, on the 28th day of June, 1861, exclusive of the six months’ interest failing due on the same on the Ist July,’61. $529,004 14 The receipts into the Treasury on account of the fund, from the £8th June to the 30th rs September. 1851, are. 514 26 | difficulty of crossing the river is always dangerous The payments from th sury and subject to tedious and expensive delays. A of the fund, during (he eame period. 3 combination of mercantile and railroad interest, Hor ee a adr 4 West, East and South, will be formed of such a ‘or redemption of stock. . —— $18,908 2 powerful character as will justify the Legislature lor a statomont of the receipts and be ments of Hegtmitting bel kee ofa bridge acroaa tho the fend from the 20th of September, 1850, to 28th a June, 1851, seo report of the Comptroller. ‘The condition of the fund on the 50th day of Sep- tember, £51, is as follows, viz :— Ayount or Stock Tssvep ren Crar. 114, Laws or 1845, on Account or THY Bank Funn, ano Remaisixc Unrarp on tHe 20TH SertemneR, 1861. When Redeemable. Total, Our Washington Correspondence. Wasuineton, Jan. 12, 1352. j The Interview between Henry Clay and Kosswth— dts Reswlt—The Candidate for the Presidency, &c. Governor Kossuth and a portion of his suite, left hore this morning, at half past eight o'clock, for Annapolis. ses. rs re | The recent interview botween Koasuth and Henry aes ip ° ps | Clay, is described tome by a gentleman who was 1861, ¢ G 100.087 35 an ¢ye witness of it, as exceedingly interesting. . ae iia enc pataat 41,641 13—625,961 69 | Mr. Clay addressed Gov. Kossuth, uniaterrupt- Pplica ble to the payment of the ia- | edly, twenty or thirty minutes. ‘he substance of oo co feel hE ad ~ ' his remarks were, that he considered the mission to Benking Department, holds in this country to be one of peace, to illustrate to the teust the following: world the eapacity of man for self-government. He pe of Opies yanks. era | was pee of adhering to our ancient policy of je and mortgages. 72 5% i i s pees ans SORBET L) Cee ra non-interference with European quarrels. If we were now to depart from that policy, and to deci against Russia’s interference between [tun ary ~ and Austria, our pride would be enlisted to enforce our doctrin id we might become involved in a ee European war. ‘The consequence would @ disastrous, not only to ourselves, but to the | kause of freedom throughout the world. We could easily whip ussia on our own soil; but we could carry on war with her in her own territory only at the expense of the most onorous taxation of our own citizens. Kogsuth listened with the most profound attention | a taeee He made no attempt to rofute any of » their aauer expire, will pay the amowMit dae from | aun eee auicaaes of attatsr Painsobe Petia 4 ba without further litigation. | larly in France, Turkey, and Hhngary, which he here is also a balance of $1,120 due from the | thovght must inevineuty o php Oneida Bank on account of the contribution for Mr. Clay was highly jeased with (1 ry. Kossuth: i850. ‘This sum is withheld by the bank for an al- | and when they parted, fA took him warmly. by ths loged claim on the fund. In 1842, under the re- | hand, prayed God to take care of him and cf his quirement ef the law to replenish the Bank Fund, | gountry. “Gov. Kossuth said in re ly that he should this bank paid into the Treasury,in addition to the continue to pray (od daily for Mr Clay’s speed: onc-balf per cent upon its capital stock, $2,000, and restoration to health 7 sez ORSAY in Healt ee - ee These ay were sub- has not becn quite as well for a few sequently allowe the Comptroller on account eft c eivi of the qonteibetions tos for isttand 1849—and the daye past. He is constantly reeeiving boxes, and 4 - | bottles, ard packages of yuack medicines, from all bank now claims that interest should be allowed on parts of the country, recommended for all sorts and thore sums up to the time the contributions for description ef diseases. He sees many of the ac- 1548 and 1449 became due i a ‘There has been paid at the State Treasury for ox- fimo penne an oxpieiag oe toe ‘ rah Ag — Febectt Neri heir ‘Wig {t seems to be pretty well settled here among the 4 cember Ist, ISS1, both inclusive, | Cassites that Cass isto be the democratic candi- chargeable to the free banks, the sum of $12,356 21, gate for President. Gon, Séote ia the tort promis: ‘So wlio ing of the whig candidatos, with Gov. Jones, of Engraver... Tenneetee. for Vice President. B Murcellan Debt of the fund, for the payment of which the contributions of one haif per cent an- nually on the capital stock of the several Safety Vund Banks are pledged........... «$077,730 22 Thereis due to this fund the sum of $6,348 from three banks whoee charters have expired, the pay- ment of which is resisted. Suits have been com- | menced by the agit General against the Bank | of Utica and the Bank of Monroe, to recover the | amount due from those institutions, which have not , been decided. Should these suits be decided in fa- vor of the fund it is presumed that other banks, as + 6165 91 ———— $12,536 21 me time on Wasnisotos, January 185: The Departure of Kossuth In for the Presidential Cam- paign=Chancellor Watworth and the Diplomatic Corpr-= Bill of Costs—Clay and Cass—The Census Printing ‘The great Hungarian took his departure this morning an unostentatiousiy as hearrived, Upon the whole he wae more succesful in hit reception here than could have been exp 1, and has heen encouraged, from the speeches of Cres, Shields. Douglas. and others, to prose- cute his political mission in the West with renewed vigor. and under the (istinct idea that activa interventic: toenforce non-intervention is to be made a positi | question in the Presidential canvas, by the Northern Refunded to the Treasury in the account of the above advances 5.081 54 $6 804 67 There has been paid from the State Treasury from May 1, 1861. to December 1, 1801, both inclusive, chargeable to the incorporated Danks, $5,070 64, viz — For eaiaries. Engravers, Mircellaneous, Leaving the Treasury in advance is i ; semooratic free roile 4 To retund thie cum advanced by the ‘Treasury, Chaneellor V laration to Kossuth that the | drafte will be made oa the different banks, and de- laners of hi ne citizens ot Washingt: | posited to the credit of the Tre . immediately owning to ‘representatives of after tho close of the year. Tho expen: has excited an | free banks were paid up te January, 1, 1% ony al is oniy expenses of the incorporated banks up to May 1, ne tt ro toler ae Isol.. It fe designed hereafter to make up the ex- own’s, which will probabl. ot eneved the i | Free rain pectayeae all the banks to the Ist of , b ingent fund will n The building of a vault has added to the oxpon- now understood as having aeclaredin favor ves of the present year about $2,500, which sum is e date for the democrats, on included in the item ‘Miscellaneous. This ex account of his course on the compromise meas: pense was unavoidable, as the old vault had become Truman Smith is exposing io day the enormity of th quite too small to accommodate the groat and con- oo. SMa ince oF eb as coer Eevee stantly increasing business of the dgpartment. tothe Union establishasent, Smith tuiake the ‘Repres The following are the names of the porsons om- | ought to bave the It is tweedle ‘ad te | ployed in this department, and the amount of their |, dex, The Orion will most likely get it respective falarii willbe aeeful, A Prosident i¢ to be elect Hward Hand. Dep. 8up........... 81.000 perannum | ber All right