The Bankers magazine and statistical register.

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*** -Uf#^RSITY OF MINNESOTA

THE

BAKERS’ MAGAZINE,

AND

Statistical Register.

EDITED by L SMITH HOMANS.

I

I

”* ,h* *lWb”

upon U, wh«th«r tat support or for nformitfoo.’’

good

VOLUME EIGHTEENTH,

SER

“Jm> 1838«^^ 1884, ikclusivi.

IES,

^I8DED B^-Yo^r^;- :

i Building.

1863 — ’64.

&

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John W. American, Printer, . : 47 Cedar-street, N. T.

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Original from

UNIVERSITY OF MINNESOTA

^mu

’ MAGAZINE,

Statistical Register.

VXI1I’^S^

JGLY, 1803.

No. 1.

’e^cf “hd“jli°'1..of g»M »nd sihe,

^S’ W *«1rM,. n"“ °Ld“"*r‘. of wUch Russia and Merino

™Pr°.d“ct !8 «*»»ted atovcr two

^ b“"g riSliSug?* “ «“*■ countryln

IaBG01D PB0D^I0PTHE WORLD.

ox hit;. 1 1 .

Tow t ,

Coamriea,.. Monies,, ^ 18,4 ^ 1868,..

Tear 184*.

t Moojooo

18,600,000

18,000,000

• 82,800^000

18,000,000

6,600,000

4,600,000

1 62,000,000

Tear 1868.

• 70,000,000

80,000,000

6,000,000

26,000,000

18,000,000

$ 144,000^000

22.000,000

6,800,000

6,776,000

76.000. 000

12.000. 000

6,000,000

$ 271,676,000

O gl

Digitized by

Original from

UNIVERSITY OF MINNESOTA

The Gold Product of the World.

[July,

The old States of the Union have furnished domestic gold tottm extent

of 41,888

And silver, .

$19,256,523

Up to June 30, 1862, viz. :

North Carolina •flXlM

?S8£ (with’siiver,)::

South Carolina, 1,35., 970

Alabama 407

Tennessee, 8l’

A total of $19,256,523

within a

The new territories have furnished up to the < ^ few years, $535,291,368 in gold, and $5,184,573 in silver, $540,475,941, from the following States :

California *5^13^|AU

$585,373,691

Gold parted from silver, ) _ _ 6,102,860

and silver from gold, )

Colorado,. 4,758,060

UUh !'. . . . 8°. 06 7

Arizona,

New Mexico,

Nebraska 1,402

$540,475,941

The total number of acre, contained in theee Western tarritoriM, taclud.

ing California and Oregon, is * 54’,199’,676

Of which have been sold,

T . 851,495,204

Leaving, unsold,

Acres, to be disposed of hereafter, either in fee or on lease, by the United

StThe importance of this vast territory cannot be Qver-estimated, as a gold and silver producing region, and in view of the existing de country, and of the necessity of establishing^ a sinking fund for the ex Unction of this debt, and the establishment of a more thorough system of

SCbNe™da* one” nSe smallest of the Pacific slope, is thirty per cent, larger than Virginia, which is the largest of the States east o e sippi. Oregon, ninety-five thousand square miles, would make two

States as New York or Pennsylvania. , . * States

Colorado, with her 104,000 square miles, would make two such S Wisconsin, or three of Indiana— product of gold estimated

Utah, where gold has been known for years, and .hoarded by t' Indfmia mons, has 106,000 square miles, equal in extent to Kent y,

and Maine combined. . . • extent

New-Mexico, with an area of 121,000 square miles, l q

to three such States as Ohio. j.nv.ip

Arizona, still larger, having 126,000 square miles, cover that of all the New-England States combined. • ,

Dakotah, yet larger, naving 148,000 square miles, won

as

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UNIVERSITY OF MINNESOTA

1863 J The Odd Product of the World. 3

*3f'S^tb“d *“ a “ore '»y«l ‘Pirit within it than

^aiifornia was in fim i

®iles of territory, but 8tat®d to have 188,000 square

( S! V*8’687 8<lnare miles • and wit Ptv*18 ^owthat her limits are ac- iri0TenneS8ee- ’ d ^ thlS reduced hmit> 8he is equal to

t3f ta »' l'“'« SC11”1 °f g°W tCre iD «"> 7-r 1863 U 20«smetalsattfis°time Tern6 Jnb-ifct» “ to sources of supply of the

if00 in gold> “dtio^noo i, 0 •] tke World produce annually

tut per «at t ta L° » >—

“ m< (24.66 per cent,). ][][’,[ $204,580,000

O'r,1863, —

8UPP,V in the ’year 1846,’ 'esti- $271’676’000

^ar precedin k * * * $209,575,000

sod ?8rC^tCti0n ?f gold throughout ft WiZl tf 6 Cyclopedia Britain 7™*, is taken from the Oj oboin a( Jr l**e current year ia lio../*0’ t8?1®!® Precious Metals \ ««.; * . p"t We L“r " bad“l°Jf " «■« bent information "i

h'MMm of Won, irhieh'ii tbl! Prod«®‘ion of California C*™8 We uhipmenu’itiT' Pf0?5. “ ®°"®H®'®d too aporthu^Hfortv-twom;.^ lfc 18 true, for the past three vP«r«

-Si's- :tz » bat ? sTtaSras

°P>Dioa 0fcjme that the nrodnet; •0Di° ^efr’ (1863,) and there is

mereS" ‘.8 ‘f Jthan al tfc“t time. The w^°Qt beinff^11^ *D State aHHn 1 +aDfu ea<^ conviction that

StkaM « " 11,0 ““‘W cuportl ° “ production to

and erportedinprivatehandV, I^SK

^0al averse of ftw . $602,452,000

"8® ®> oyer sixty nriilions of dollars.

Digitized by

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Original from

UNIVERSITY OF MINNESOTA

4

Digitized by

The Gold Product of the World.

[Joly,

Statistics or Couiag* akd

Smrwsts of Gold at Sah Feahcimo.

Period. 1849

1860.. ..

1861.. .. 1862,...

1883.. .. 1864,*..

1856.. ..

1866.. ..

1867.. ..

1858.. . .

1859.. ..

1860.. ..

1861.. . 1862,.. 1862,

Total Value Minted.

$9,731,674

20,967,678

28,315,688

12.490.000 19,276,096 18,906,272

11.889.000

12.421.000

16.646.000 9,830,960

yalue Shipped' $ 4,921,260 27,676,846 46,582,095 46,686,134 67.331,024 61,328,666

44.640.090 61,142,268 49,340,187 48,897,189 47,664,299 42,803,846

40.639.090 42.380,809

$ 696,432,761

Total value, * 164,868,118

The shipments are for calendar years.

The amount of gold exported from Australia during t^cJ^.^!ve *C|™9 1851-1802, was officially reported at 25,963,228 ounces, which, at per ounce, (£3 17 10* being the British mint value,) amounts to the sum

of $493,301,237, viz. :

Year. 1861,..

1852.. .

1869.. .

1854.. .

1865. . . . .

Ounce*.

145,146

1,974,976

2,497,728

2,144,700

2,676,745

1866, 8,003,811

1857, 2,679,655

Value.

$ 2,767,774 87,624,625 47,456,832 40,749,300 48,958,155 67,072,409 , 49,018,446

Year.

1858,

1869,

1860.. ....

1 861. . . . . . 1 862, ....

_ Ounce*. 2,536,983 2,280.625 2,180,756 2,072,360 2,019,840

Value.

$48,202,677 43,829,975 40,484,845 , 89,374,840 , 38,376,960

Total 12 yrs., 25,963,223 $ 498,301,237

Idaho —An editorial article in the Nebraska Republican, Published at Omaha City, April 24, 1893, .a,,, that Gallatin Citj i» a.tuated at the iMction (ri the Three Fort, o'f the Miaaouri River, in the nndrt of » S ^'.cultural country — well supplied pith p ne aud timber. It is at the head of navigation on the tributaries of .the M ; and is about 250 miles (by river) from Fort Benton. The la d ^ from Fort Benton is only about 125 miles. This city, from ts location and advantages of navigation, is destined to become the.8“PP. ^ P brace the rich mining region of the head-waters of the Missouri, miles

a district of country, so far as already prospected, of ab out IS^Ojmles north and south, by about 160 miles east and west. This p .

Kout in Febnir, tot, .«d 60 buildings. tod ibeeu ' It is thought by the proprietors that as it is likely to be t population for the new territory of Idaho, it will probably be

^ TheP portage or land travel, between the foot of the

Missouri River, to a point above the falls, where navigation by ligbtrdraught

of

as

* To June 80.

a To December, 1862, six months.

Got igle

Original from

UNIVERSITY OF MINNES.

The Gold Product of the World.

"Progress for puttinff a small t ^ wfterLas 800n 88 arrangements, no There can bePno question •“ the,trade> sha11 be perfected,

the richest, if not the rich«t that4,tf11 8 mines above spoken of are among J^loped, mast erabr^ theVnUr C°ntl.Denft- Their .extent, when fullf Pa“ to the north line^fwlt!: * re&lon.from a P«mt near the South do»g the eastern slope of the pD^)a.^emtery> and a belt of country * breadth. The f BockyMountain range at least 200 miles

Dore than 1,100 mile#, and th"1 ^“a.ba to these mines is certainly not •U seasons. *** 0 route 18 practicable for emigrant trains at

t> and about ten per cent, about as much as in the

' ® C0UJ6 Qo» ♦ A *i

JJS* M “c "„ri„er “d sihw “ foreign

hare e 0 tllat °f silver Sm^tk 184.9’ the Pnncipal source of gokl, *• Hgbt. These aJe!l n°therand hr& «>n«ees of supply

He

^Iif11,0,00 ^about fcoaoh0oomC;rS1 fr0m ln annQaI 8Up‘

Producing Wei* In i.?0, ,l1 18 known that fiv« British

•Iso fc Vaa DifmeiX Land g»id “*J 8ilven. New South Wales, einn:.I.?r?01nK an emi — .:Ld’ ?nd otber portions of Australia, are

onaniAiko rpl

i ttjanwdith an annnal Bnpply Of $75,000,000. lu n°va ®c<>tia, l

1V- British Columbia, ) 12,000,000.

° an exploration nndn r° er, P0I^10n8 op Australia, are even if , 5 aDd surveys wil? K d /av- 6 auspices. These new hthfj^ re8ult no further *<1 pro.dactlve of good in various ways, "rticle on t7y nutnber oftta m the Prions metals.

CStt e object, (reprinted^i'n^K t ^ev ew ™ find an elaborate ^ to wh?ch rl, he J“no.namber of the Bankers’

Sot hetT here 18 scarcely li™ ?, r?ader 18 referred. The informa-

io the JUUPOrted to the that g,eaned from

truth : ^ nt,®ber of this work Tk tk® Vn*t®d 8tates, as contained

WOrt Th® Edinburgh Review says, with

“The — »ww»ry» ixevtew 6ays, witn

b* SJ? ^.4*o commenced with 1847 has, gold deposit British colonies aw^f ®1^ant*c proportions. Already no ep°8,U- The CaliomL °Mand to.P089e8s extensive and rich uornian gold-miner has tapped reservoirs which

L

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UNIVERSITY OF MINNESOTA

6

The Gold Product of the World.

[July,

arc now found to be spread Jrritories! MTbeBritish Columbian

the great Oregon and Washingto _ ^ Columbia, has already

gold-miner, great as are the attract .. . .. Kanks of the rivers

lostod the Rocky Moontwna, Md » i foUo..ng lh' ? ,lresdy „«

which expand into the lake ays the Arctic Ocean,

the banks of the nvers which branch. on on strait. The

on the other to the Russian settlements around ng^ ^

brakwoodsmM^dto^cmg^ **^evMt1fore8t8 which teemed to await hie

TreT:8 "eKtor ‘he hot

The trapper, already driven from £ 1 of the North Pole

tiring to ”°re V'fq “f.i Asthc American gold-miner ia advancing on are repeated at the South. As tne ^roeru,« k exploring the

eternal enowe, no already the Anstraltoian ^djmer «

bounds of the great Antarctic Ocean. South Walea and ^icto-

ing into New-Zcaland. The gold-held, of New Sonth «»^“atoward, ria are spreading downwards into Van Die“en di g0V aariferous

benefited, because the course of trade “^^LClliln an5 coin those countries where labor is cheapest, and demon-

are the moat veined, or rcalixe the of

strated in the fact, that notwithstanding the additional accum ^

the precious metals within the past fourteen years, g .q t^0

thousand millions of dollars, there is rea y u * 1Q53 In the year

United States and in Western Europe than in 1850-1853 . In » 7 1851, the Bank of France held 486 millions of franesm siWer, a millions in gold ; whereas now, after a period of twelve year ,

894 millions in both metals. £ QQ Q00 in buUion

In the year 1852, the Bank of England held £22,000, ouu k

and coin, which was, in fact, for the country at >J8jT“e SVpecie hanks, country hanks and private bankers V

reserves. This year the bullion and com of the Bank of Engl from 14* to 15* millions sterling, and the Scotch a™ in £4 270,000, from which we deduce the following compara

’ * XT... 1 QRft $75.0

Bank of England, 1852 $ 110,000,000

Bank of France, “ 113,000,000

Banks in United States, 1862, . 84,000,000

v«»rl868 $75,000,000

Tettr .. 80,000,000

. . 118,000,000

$ 273,000,000

Totals $807,000,000 ....

In our former articles on the subject, (May and June Nos.,)

counted for the absorption of the precious metals.

Digitized by

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UNIVERSITY OF MINNESOTA

7

The Gold Produet of the World.

8

The National Banking Law of 1863.

THE NATIONAL BANKING LAW OF 1863.

I. Letter from the Comptroller of the Currency. II. Regulations

as to the establishment of Banks under the law. HI. Payment of Five Twenty Years Bonds.

I. The National Banking Law— Opinion of the New Comptroller.

The following letter was intended to be private, but it is so clear in ite expositions of tne new national banking law, that we take pleasure in laying it before the public :

Washington, D. C., May 11, 1863.

Dear Sir,— From what you may recollect of the opinions I have here- tofore expressed to you upon the subject of the currency, you may e sur prised at my acceptance of the office of “ Comptroller,” under the national banking law enacted by Congress at their last session. I there ore con sider it proper to state to you briefly the reasons that prompted me to do so. A careful examination of the law referred to— made before 1 had the slightest idea of having any agency in putting it into practica opera- tion— satisfied me that it created a system of banking whic wou gradually supersede, and, as far as circulation is regarded, ought to super- sede the existing corporate banking institutions of the United States, or

the following, among other reasons : # , -

1. By this law the faith and resources of the nation are pledged tor the redemption of the national currency. The notes to be furnished o the associations organized under it are made receivable for all public dues, except for duties on imports ; and in case of the failure of any o the associations to redeem the notes that are to be supplied to them, the government is bound promptly to redeem them at the national treasury ; so that the redemption of this national currency is not only made certain, but not a dollar of it can ever be even temporarily depreciated in value. For the first time the government has undertaken judiciously to “ regulate the currency,” and to do its duty to the people, who have been virtually compelled, by national and State legislation, to regard and to use bank1 notes as money. By this law the government becomes re- sponsible for the character and the redemption of the currency of which , it authorizes the issue. . . ...

2. The fact that the national currency is to be received for all pu ic dues except duties on imports, and is secured by the government itselt, will give it a uniformity of value throughout the country which the notes of State institutions can never possess, and cause it to take the place, ot , the circulation of the thousands of local banks which are now in exist- ence, whose issues, even if there is an available security behind t em, (which the people have so frequently learned, to their sorrow, is not always the fait,) can have no certain and reliable credit, except in limited localities. Tne national system of banking has been devised » wis- dom that reflects the highest credit upon its author, to furnish to e people of the United States a national bank note circulation without the

Original from

UNIVERSITY OF MINNESOTA

National Banking Law of 1 863. 9

P^er7 kfincreaMan d dim inisVits di t0 \& ma,ra“oth corporation, with of managers, thus enablin A boaX?^ “*d circulation» at the will ae« and politics of the con ntnr T d of direct°ra to control the busi- P°wer- Nor do I see how itTan hlT Xl ?° c?ncentrated political objects for partisan pui^L^ fr°m lt8 ProPer and legiti'

» Pnn cged persons a mE5v i c°ncentrate in the hand! of J'r suitable and necessaXE* f bankln^ rIfc simply authorizes, J® fife in number, in an7of?b« qJ0?8’ any nu™bep of persons, not less “gngeinthe busing of^nkb/wMU^ terntories ?f th* Union, to ^dollar to circulate L Xg’ W¥® lfc. Prevente them from issuing

^rces of th, governm^t V!!! *,!8 T 8e™red ^ the 8tocka ir , ^eolation is regarded } nnt i 1 therefore, m my judgment, (as J°g.bntit is one that fa emin °5 ^ a Perf®c% safe system of bank- “'Wotiong. It seenres thTuilb i®?®^ to the natQre of our political fc^agre.teZ, i,S°ld,lr ber°»'l • contingency, Ltecta

Jffff *J ‘■SfcS iXft" °fy the “pito' »a the

* - Ss sxLsr* Mr- if n<,t l,rg°-

a success, which I believe it

CE *».g crf“o and keep alieo a Union

fclj * f**£z m^eeSTl07 ?*** banking that bas in'

and niojtf the 8t*te of Indiana, one f/,u) e^aant offic.ial connection with ^°®PtrolI» °n^rvati?o bank in the TT . e etrongest, if not the strongest JSS * * the Currency W tbe offic« of

proreTterth ^ and that' the 2i ‘ J?“ ™W oftbe V-tem " 10 be erroneous, * reaalt of the experiment will not

■w

To Mor,

16,3 P(tcBc., Egq , New-York.

I remain, truly yours,

Hugh McCulloch.

The f0]|owil) ^ Genkral Rbgdlations.

^fojecircniatin notes Xn! *7 tbe CotnPtrolIor of the Currec

Hrv JJJ1 funeral banking law^ tJXn 10 ®Dy bank organized

Comptroller must have

NvX.J0 bank is looted in examiner, or otherwise,

not in^Bomn T ?'l7, town or village, which is Pocsive. ht PQrPose of makin^th^?^®'?*7, inacce3f>iWe place, se- • •<t That *1, g return of its notes difficult or cx-

u>ffn'attbebanV i. .. .. . _

under

satis-

, »d. That the h • " uuuvu

^sjfefof tLnc°Dnccted witbf anv^ll!1 a ®°*table banking-room

' “* **f« Hi'g ofZ fui “J al*° wl,h

or

a

bank-

vault

Digitized by

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Original from

UNIVERSITY OF MINNESOTA

The National Banking Lav of 1868.

[July,

10

>Jd. That the bank has procured such books as may be required for the transaction of a regular banking business, one of said books to be record or minute book, in which shall have been recorded its association, copies of which shall have been forwarded to this departr roent, and in which the proceedings of the board of directors shall be

entered and preserved. _ , ^

4th. That the bank sball have adopted by-laws for the management ot

its business, approved by the Comptroller. . , . , . v.oa

5th. That the amount of its capital stock required to be paid in has been so paid, and that the same remains in bank in cash, or ■ trim some safe depository subject to sight check, or has been invested m United States bonds, or in some other satisfactory manner. ,

6th. That the bank has in its employment competent officers for tne transaction of its business; that its directors are men of fair standing, and that the bank haB been organized to carry on legitimate banking.

• The Comptroller will afford every aid and encouragement in ms power to banks organized for the purpose of carrying into effect tne spirit and intention of the law, but will discountenance^ and prevail , far as practicable, all attempts to pervert the law from its proper ojec by establishing banks upon fictitious capital, which, by their inability meet promptly their engagements, may, at any time, bring the sys m into disrepute.

III. Payment of the Five-Twenties in Gold.

We are permitted to publish the following official letter from Geobob Harrington, Esq., Assistant Secretary of the Treasury. It is impo n to the public, as an authoritative assertion of the fact that the prtnctpa (as well as the interest) of the United States six per cent, bonds, paya- ble in twenty years, but redeemable at the pleasure of the governmen after five years, will be paid in gold :

Treasury Department, May 26, 1863.

Sir, — I am in receipt of your letter of the 27th ultimo, relative to the payment of six per cent, five-twenty bonds. _ ...

The decision of the Secretary relative to the redemption of the obliga- tions of the United States is as follows :

All coupon and registered bonds forming part of the permanent loan of the United States will be redeemed in gold. ... ,

All obligations and notes forming part of the temporary loan will paid in United States notes, unless Defore maturity payment in specie shall have been generally resumed. , ,

The five-twenty sixes, being payable twenty years from date, thong redeemable after five years, are considered as belonging to the permanen loan ; and so are also the twenty year sixes (1881) into which the three years seven-thirties are convertible. These bonds will therefore be pai in gold. The three years seven-thirty bonds or notes arc • regarded as part of the temporary loan, and will be paid in United States notes, unless holders prefer conversion to payment.

Very respectfully, , „ „

George Harrington, Assist. Sec'y of the Tre . . S. H. Wallet, Esq., President Revere Bank , Boston, Mass.

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Original from

UNIVERSITY OF MIMNES

Banks of the United States.

BANKS OF THE UNITED STATES

location, name,

PRESIDENT, CASHIER AND CAPITAL OF EACH

Page 11 Pennsylvania,

12 Delaware,

13 Maryland,

*•••• 18 District of Columbia, 1C Virginia,

Page 24 Iowa,

25 Kansas,

26 Kentucky,

26 Michigan,

26 Minnesota,

Missouri,

27 Ohio,

28 'Wisconsin,

** ommon, or error, in this list thould be reported to the publisher.

MAINE.

AlfrfnT °{ ai"*' PreHdent. Cashier.

ft? Anbamttk |7„0' McIntyre. . . John N. Stimson. . .

a FrwDmu’s B^k ?T ^osePh J- Eveleth..

.. GnmitcBank Stmc011 *' iIollct Daniel Pike

8tat« Bank )' illiam . A. Brooks. . . William T. Johnsor

Bit- oftta State of "mV George W.Stanlcy... William R. Smith..

« Extern Bank M George K. Jewett. . . . William S. Dennett.

» Fariners'Sk Amos M. Roberta William II. Mills. . .

« Ecndnskea>f Bank p®mes ^?,'!a?'.nP William II. Parsons

•• Market Bank *• ' cCOre°, Pickering. Theodore S. Dodd. .

« Mercantile Bank i L

« Merchants’ Rink Slmue} !^irIr/i‘ ),ee John S. Ricker

* “ Iters’ Bank Samnol 11. Blake M. T. Stick nev...

Btti ^*«ie Bank "alter Brown Ebenczcr Trask

Bath Bonk Samuel Veazie William J. Lord. .

Bank. Freeman Clark F. Partridge

“a Lincoln Bank yW“" William B. Taylor. .

“• ^ng Reach i* 1 “ttcn John Shaw

B ^nubhock Bunk ’ ‘ D. N. Magoun

B*nk of Commerce" "" a' dham M. Reed Henry Eamcs

' Bank. mfa bounce Charles Palmor

‘ “ Jfddeford Bank Thotnaa Marshall Albion II. Bradbury

*>: ■ir.i.,;,- £tv Bank Oh^V“n^*oHailleS Seth S. Fairfield....

V?' ^'Wc Bank £h<S,« C. Sawyer. ... S. A. Boothby

- ’'‘"Maine Bank. k .uUn.nt,°"- V. K- Butterfield

. “ '•• fcjepeeot Bank Nathaniel T. Palmer.. A. Brooks, Jr

; :t-;"rt"’ iin'?nBank.. » illiam Barron John Rogers

. „'•' Mnckipm Bonk. i08®?*1 McKean B. Adams

■ ayr.-e>ln' « ? “ink . . E- Barnard E. Swazoy

•'■> ft.. rine Bank. ^eorge Downes Joseph A. Lee

^■tzko"' 5 nt'er Bank «niamm D. Metcalf.. Edwin Five

‘^r ./" Kiver B^k" ’’ v a n"'C,rnioro Enocl‘ J* Novcs. . . .

“ .. r^eeContw ni.- ' M Bu‘ler: T. F. Belcher

.;• oT 'net Bank ^ )' ‘U,“m Brndstroet. . . Joseph Adams

" i H Bank. » Bradstrect James F. Patterson.

Bank. A. 11. Howard

:--n, ' , 'ari Bank.. A*dcn Samiwon Justin E. Smith. .. .

\7^- w'*IM*n Fall* Bank ’ ^Pl>T»to>mb Christopher Littlefic

5 -fctsii &ll« Bank - f D. Uokwood Albert \l. Small . . . .

‘ n . r^Ikraioki^r- Ju?eph Haines D. W. Chapman....

' ****** Ck • whs 1 P- Ua™?

u »cnbers to the pim’ Marvanmt

Capital . $ 50,000

75.000

88.000 100,000

75,000

100,000

150,000

150.000

100.000

75,000

100,000

75,000

100,000

75,000

150,000

75,000

150.000

200.000 100,000 100,000

75,000

100,000

150.000

75.000

60.000

50.000

60.000 60,000

75.000

100.000

60.000 75,000

75.000

100,000

50.000

50.000

75.000 100,000 100,000 200,000

50.000 50,000 50,000

-GrtgrrraliTDTn

UNIVERSITY OF MINNESOTA

12

Maine — New-Hampthire,

Location.

Orono

Portland. . .

Richmond . . Rockland...

Searsport . . Skowhegan <<

8. Berwick. Thomaston. u

Waldohoro.

ti '

♦Waterville,

Winthrop .

Ham* of Bank. PretidtnU Ca*M*r. iV^ooo

SSSrJSsma: USStenz: ZZ

: HSS:::::::::: ES&STr. g«

, International Bulk... St. John Smith « ^ 250 000

. Mannf. & Traders’ Bk. Rufus Ilorton Edward Gould ‘K

Merchants’ Bank Rensselaer Cram, Charles Jayson ioo’ooo

; Mechanics’ Bank Allen Haines Wm. H. Swenson. . 100,000

: 1$

• E&Ste::::: i mow

• Skirr’.^.: SJfffiS:.*::: K&Tr?:::: mg

'. Searsport Bank Isaac Carver. Sh¥^®0rd0n 5o’S

. Bank of Somerset William Rowell ‘..V*: 75*000

. Skowhegan Bank Abner Cobum Wilharo Philbnc .... iaa’aaq

. South Berwick Bank.. Benjamin Nason Edward Hayman Bo’oOO

. Georges Bank Edward O’Brien J. C. I^vensaler 60,000

. Thomaston Bank William Singer Oliver Robinson, |0,ww

. . Medomak Bank George D. Smouse .... George Allen. £o,ooo

. Waldoboro Bank Isaac Reed B. B. Haskell IOo’oOO

, . Ticonic Bank Joseph Eaton A. A. Plaisted 100, oou

People’s Bank John Ware Homer Percival 7&,ow

. . Waterville Bank D. L. Milliken A. Perkins 100,000

. . Bank of Winthrop. . . . C. M. Bailey David Stanley 7&,uw

Total 68 Bank*. Circulation % 6,440,000. SpoeU $747, 000. 1*7,988,000

HEW-HA3CP8HIBB.

•Claremont.. Claremont Bank George N. Farwell.... John L. Farwelt..

Charlestown . Connecticut River Bk.. Hope Lath rop S®01?6 Vi* *

Concord Mechanics’ Bank Josiah Minot Charles Minot . . . .

44 Merrimack County Bk. Ebenezer 8. Towle.. . . Edward Sawyer..

44 State Capital Bank.. . . John V. Barron Preston S. Smith.

44 Union Bank G. B. Chandler A. C. Pierce

Perry Derry Bank John Ord way David Cumer .. .

Dover Cochecho Bank Thomas Stackpolo .... Ezekiel Hum. . . . .

* 44 Dover Bank Joseph H. Smith Thomas L. Smith

* 44 Langdon Bank Samuel M. Wheeler.. Calvin Hale

44 Strafford Bank William Woodman... Asa A. Tufts. .. .

East Jaffrey . . Monadnoc Bank James Scott Peter Upton.. . . .

'R'rvninnr Pftwtnnkftwav Bank.. . John II. Pearson ..... Charles Yr • Barge]

Epping Pawtuckaway Bank.. . John II. Pearson Charles W. Sargent. .

♦Exeter Granite State Bank... Abner Merrill N. A. Shute.

Farmington. . Farmington Bank .... Hiram Barker John D. Lyman

Keene Ashuelot Bank William Dinemoor... Thomas H. Leverett.

44 Cheshire Bonk John H. Elliot....... R. H. Porter

44 Cheshire County Bank Frederick Vose G. W . Tilden

Lancaster. , . , White Mountain Bank Jared W. Williams. . . George C. Williams..

Laconia Belknap County Bank Warren Lovell N. B. Gale.

♦Lebanon ... . Bank or Lebanon Robert Kimball.. ..... James H. Kendrick. .

♦Manchester.. Amoskeag Bank John S. Kidder Moody Currier

44 . . City Bank Isaac C. Flanders E. W. Harrington . . .

44 . . Manchester Bank. .... James U. Parker ..... Nathan Parker ......

* 44 . . Merrimac River Bank. Waterman Smith. .... Frederick Smyth . . . .

♦Milford, .... Souhegan Bank H. A. Daniel Gilbert Wadleigh.. . .

Nashua Indian Head Bank — William D. Beason ... A. McKean

44 Nashua Bank Isaac Spalding John M. Hunt

44 Pennichuck Bank.. . . Aaron W. Sawyer. . . . Harrison Hobson. . . .

T ■ 1 T - • _ 7 T» T n l 1. » A D.nofnn

New-Ipswich. Ncw-Ipswioh Bank. . . J. Chandler William A. Preston.

New-Market . New-Market Bank. ... J. 8. Lawrence S. A. Haley ..••«•••

Newport Sugar River Bank .... Thomas W. Gilmore. . Frederick W . Lewis

a : t»* _ n: T> v. \t-.i • i ^ .1 r

Ossipee Pine River Bonk Nathaniel Grant William Sawyer, Jr.

Peterboro ... . Peterborough Bank.. . A. C. Cochran . . Wm. G. Livingston

Pittsfield Pittsfield Bonk James Drake Josiah Carpenter...

Portsmouth.. Bk.ofNew-Haropsbire Peter Jenness J. P. Bartlett.

* “ .. Mechanics & Traders’ Richard Jenness. JameB F. Shores.. ..

$100,000 100,000 100,000 I

80.000 i 100,000 1 100,000 i

60.000 100,000 I 100,000 I

100.000 I

120.000 ,

50.000 , Clonng. <

125.000 i

75.000

60.000 50,000

100.000 100,000 100,000

50.000

80.000 100,000 200,000 160,000

125.000

150.000

100.000 120,000

125.000

100.000

75.000

80.000

50.000

60.000 50,000 50,000 90,000 98,700

* Subscribers to the Bankers' Magazine.

Original from

UNIVERSITY OF MINNESOTA

Icattn.

Xew-Ilampthire—- Vermont — Massachusetts.

Fmtiicps & Mechanic ^wrnon Falls Bank

Citizens’ Bank '

Carroll Conutv Bank.! Great Falls