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1845, 1847, 1848.

Liabilities.

Nov. 1, 1815. Aug. 1, 1847. Nov. 1, 1817. June 24, 1848. Capital, $12,815,000 $13, 214,000

$43,279,891 $13,155,089 Undivided profits,

5,018,000 5,8-16,000 6,043,532 6,474,198 Circulation, old,

881,000 735,000 716,620 850,908 Circulation, registered, 20,494,000

21.364,000 25,520,636 19,567,917 Due Treasurer of the State, 631,000 793,000 1,009,945 1,094,809 Due Canal Fund,

1,581,000 1,290,000 1,603,119 1,211,190 Individual Deposits,

31,774,000 36,781,000 35,096,818 26,949,317 Special Deposits,

760,000 932,000 966,840 701,274 Bank Balances,

12,830,000 21,103,000 17,031,010 13,926,978 Due Treasurer U.S., 3,003,000 Miscellaneous,

585,000 710.000 977,865 862,416

Total liabilities,

Resources,
Loans and Discounts,
Loans to Directors,
Loans to Brokers,
Bonds and Mortgages,
Stocks, &c.,
Due from Directors,
Due from Brokers,

Total loans,

$120,402,000 $138,763,000 $132,219,276 $114,993,996 Nov. 1, 1815. Aug. 1, 1817. Nov. 1, 1847. June 24, 1848. $69,165,000 $73,743,000 $74,138,431 $64,146,855

4,158,000 4,910,000 4,574,856 5,879,192 1,458,000 2,187,000 1,545,242 2,292,939

3,182,000 2,730,000 2,712,810 3,100,051 10,963,000 12,114,000 13,474,548 11,994,008 33,000 19,000

4,675 363,000 526,000 624,658 $89,322,000 $96, 120,000 $37,075,250 $87,413,015 3,615,000 3,499,000 3,464,618 3,459,143 2,36,000 148,000 140,392

41,987 426,000 275,000 491,519 501,918

133,000 112,000 117,990 218,892 8,995,000 11,983,000 9,107,920 6,751,338 5,9-8,000 9,370,000 8,703,577 5,773,952 2,259,000 2,636,000 2,420,375 2,663,869 14,000 3,000 2,780

8,001 9,53 1,000 141,273,000 10,725,755 8,162,921

Real Estate,
Bank fund,
Loss and expense account,
Over crafts,
Specie,
Cash items,
Notes of solvent banks,
Notes of suspended banks,
Bank balances,

Total resources,

$120,402,000

$138,768,000 $132,249,276 $114,993,996

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SAVINGS OF MERCHANTS’ Clerks.-A Savings Bank for Merchants? Clerks was incorporated at the recent session of the Legislature, and goes into operation to-day, at No. 5 Beekman street, Clinton Hall.James G. King is President, Prosper M. Wetmore and Robert Kelly, Vice Presidents; Joshua I. Palmer, Treasurer; T. Spencer Kirby, Secretary, and Charles Rolfe, Accountant. This institution will be a great convenience to clerks and other persons, (for it is not confined to clerks,)the Chambers street Savings Bank being so crowded with customers that it is a long job either to make a deposit or withdraw one.

FINANCES OF THE UNITED STATES. FROM a circular for the European correspondents of Cammann & WHITEHOUSE, we are permitted to copy the annexed interesting tables, compiled at their request by the Treasury Department, in order that official information might be given to foreigners desirous of investing in American Stocks—of the extent of our population, resources and debt. STATEMENT, exhibiting the population of the United States, the Public Debt, the reReceipts from Revenue excusive Principal and inYear. Loans and

ceipts from Treasury Notes and Loans, the receipts, exclusive of Treasury Notes and Loans, and the payments on account of the debt each year, from 1791, to June, 1848, inclusive.

of Loans ant

terest of debt Population. Debt. Treas. Notes. Treasury Notes

paid. 1791 5,791,112 56 4,418,913 19

5,287,949 50 4,067,371 75,463,476 52 1792 5,070,806 46 3,669,960 21

7,263,665 99 1793

4,205,414 77,227,924 66 1,067,701 14 4,652,923 14

5,819,505 29 1794

4,343,457 80,352,634 04 4,609,196 78 5,431,904 87

3,801,578 09 4,481,500 78,427,404 77 1795 3,305,268 20 6,114,534 69 6984,411 61 4,619,543 80,747,587 39 1796 362,800 00 8,377,549 65

5,35,846 44 1797

4,757,586 83,762,172 07 70,135 41 8,688,780 93 5,712,421 82 1798

4,895,629 82,061,479 33 308,574 27 7,900,495 SO 1799

3,991,294 14 5,033,672 79,223,529 12 5,074,646 53 7,546,813 31 4,591,876 78 1800

5,171,715 78,408,669 77 1,602,435 04

10,848,749 10 4,578,369 95 1801

5,309,758 82,976,294 35 10,125 00

12,935,330 95 7,291,707 04 5,502,772 1802

83,038,050 80 5,597 36 14,991,793 95 9,539,004 76 5,695,787 1803

80,712,632 25 11,064,097 63 7,256,159 43 5,888,801 77,054,636 30 1804 9,532 64 11,826,307 38 8,171,787 45 6,081,816 86,427,120 88 1805

123,814 94 13,560,693 20 7,369,839 79 6,274,830 82,312,150 50 1806

48,897, 71 15,559,931 07 8,999,894 61 6,467,845 75,723,270 66 1807

16,398,019 26 6,307,720 10 6,660,859 69,213,398 64 1808 1,882 16 17,060,661 93

10,260,245 35 6,853,874 1809

65,196,317 97 7,773,473 12 6,452,554 16

7,046,898 57,023,192 09 1810 2,759,992 25 9,384,214 28 8,008,904 46 7,239,903 53,173,217 52 1811 8,309 05 14,423,529 09 8,009,204 05 7,479,729 48,005,587 76 1812 12,837,900 00 9,801,133 76 4,449,622 45 7,719,555 45,209,737 90 1813 26,184,435 00 14,340,409 95 11,108,123 44 7,959,381 55,962,827 57 1814 23,377,911 79 11,181,625 16 7,900,543 94 8,199,208 81,487,946 24 1815 35,261,320 78 15,696,916 S2 12,628,922 35 8,439,034 99,833,660 15 1816 9,494,436 16 47,676,985 66 24,871,062 93 8,678,860 127,334,933 74 1817

734,542 59 33,099,049 74 25,423,036 12 8,916,687 123,491,965 16 1818

8,765 62 21,585,171 04 21,296,201 62 9,158,513 103,466,633 83 1819 2,291 00

24,603,374 37 7,703,926 29 9,395,339 95,529,648 28 1820

3,040,824 13 17,840,669 55 8,628,494 28 9,638,166 91,015,566 15 1821 5,000,324 00 14,573,379 72 8,367,093 62 9,959,965 89,987,437 66 1822

20,232,427 91 7,848,949 12 10,281,765 93,546,676 98 1823

20,540,666 26 5,530,016 41 10,603,565 90,875,877 28 1824

5,000,000 00 19,381,212 79 16,538,303 76 10,925,365 90,239,777 77 1925 5,000,000 00 21,840,858 02 12,095,314 78 11,247,165 83,788,432 71 1826

25,260,434 21 11,041,082 19 11,568,965 81,054,059 99

22 966,363 96 10,003,668 39 11,590,765 73,987,357 20 1823

22,763,629 23 12,163,438 07 12,212,565 67,475,043 87 1829

24,827,627 38 12,383,867 78 12,534,365 58,421,413 67 1830

24,844,116 51 11,355,748 22 12,856,165 48,565,406 50 1831

28,526,820 82 16,174,378 22 13,277,415 39,123,191 68 1832

31,865,561 16 17,840,309 29 13,698,665 24,322,235 18 1833

33,943,426 25 1,543,543 38 14,119,915 7,001,032 88 1834

21,791,935 55 6,176,565 19 14,541,165 4,760,082 08 1835

85,430,087 10 58,191 28 14,962,415 351,289 05 1836 50,826,796 08

15,383,665 291,089 05 1837 2,992,989 15 24,890,864 69 21,822 91 15,804,915 1,878,223 55 1838 12,716,820 86 26,303,561 74 5,605,720 27 16,226,165 4,857,660 46 1839

3,857,276 21 30,023,966 68 11,117,987 42 16,647,415 11,983,737 53 1840 5,589,547 51 19,442,646 08 4,086,613 70 17,068,666 5,125,077 63 1841 13,659,317 39 16,860,160 27 5,600,689 74 17,560,082 6,737,398 00

14,808,735 64 19,965,009 25 8,575,539 94 18,051,499 15,028,456 37 1813 12,551,409 19 8,231,001 26

861,596 55 18,542,915 27,748,158 23 1844 1,877,847 95 29,320,707 78 12,991,902 84 19,034,332 24,748,188 23 1845

29,941,853 90 8,595,049 10 19,525,749 17,093,794 80 1846

29,699,967 74 1,213,823 31 20,017,165 16,750,926 33 1847 28,900,765 36 26,437,403 16 6,719,282 37 20,509,582 38,956,623 38 1848 21,256,700 00 *35,425,750 59 *15,429,197 21 21,000,000 48,526,309 37

Present debt, including the amount to be realized on the 1st of July, 1848, of the Loans of 1846, 1847 and 1848, $65,787,00 92. TREASURY DEPARTMENT, August 5, 1848.

DANIEL GRAHAM, Register.) *Estimated, returns not completed.

1827

1842

...

CANAL BANK OF LB ANY.

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Report of the Agents appointed to investigne the failure of the Canal Bank.

COMPTROLLER'S OFFICE, July 11, 1918. Having good and sufficient reason o suspect that “the President, Directors, and Company of the Canal Bank of Albany” is insolvent and unable to meet its liabilities, I hereby appoint Andrew White my special agent, forth with to examine into the allairs of said bank, and as far as lies in his power to secure from Jestruction all the circulating notes of said bank now in the possession of said bank, and to prevent from waste or misappropriation any of its funds or assets, and secure them for the benefit of the creditors of said bank, and to make report to this department of his doings in this matter, with all convenient dispatch.

Given under my hand and seal of oilice the day and year above Seal] mentioned.

MILLARD FILLMORE, Comptroller. A like commission in all respects, was issued to Thomas McMullen.

Report of the Special Agents. Canal Bank. To MILLARD FILLMORE, Comptroller, &c.

The undersigned Special Agents, appointed on the 11th day of July last, “ to examine into the allairs of the Canal Bank, and as far as lies in their power to secure from destruction all the circulating notes of said bank then in their possession, and prevent from waste or misappropriation any of its funds or assets, and secure them for the benefit of the creditors of said bank,” most respectfully beg leave to present for your consideration the following abstract of their investigation.

REPORT, That they reluctantly entered on the duties assigned them, with a due estimation of their importance, and a deep conviction of the accountability resting upon them in view of the important and difficult trust confided to their investigation.

They did not anticipate, at the time of the appointment to this unsought for and undesirable duty, that they would be called upon to investigate any transaction that would conflict with their own feelings, or in any case bear unfavorably upon the character and reputation of those whom they have been taught to esteem and respect, those who have been their associates in business and otherwise, and whose honesty and integrity they had deemed unimpeachable.

Such duties are embarrassing and arduous to discharge, requiring firmness of purpose, united with the greatest caution and deliberation.

It has been the universal opinion, and sincerely believed to be the case by many individuals in this city, that the funds of the bank for a period of time, have been used for speculating purposes, and that abuses of a criminal and aggravated nature have been perpetrated for a number of years upon the stockholders and creditors of the institution. And now,

2

from the result of this examination, it is most conclusively demonstrated that their worst fears are more than realized, and the repeated insinuations that have come to their knowledge, descriptive of illegal practices on the part of the officers and directors of the bank, are truths and facts, and not the result of imaginary or erroneous suspicion.

From such a state of public feeling in a matter in which a large portion of this community were interested, we are led to the conclusion that nothing less than a full and thorough investigation of the conduct of the managers and officers of the bank would in the least satisfy the public mind, do justice to the innocent, and be the means of averting odiüin and putting to silence imputations prejudicial to the other institutions of this city.

The Special Agents, immediately after their appointment, with the consent and approbation of the Cashier, took possession of the assets, books and papers then in the bank, and proceeded in their investigation. After a short progress in that examination, they became possessed of evidence sufficient to satisfy them that the bank was insolvent, and they deemed it their duty to make an affidavit, a copy of which is hereunto annexed, setting forth many of the most prominent facts that had led them to such a conclusion.

On the 14th of July, the Attorney General applied for and obtained from the Supreme Court an injunction, and subsequently one of the undersigned was appointed by Judge Harris, the Receiver.

The Special Agents, in compliance with the directions given them, secured all the circulating notes then on hand, and preserved the available assets. Hereunto attached will be found an inventory of all the property of every description that has come to their knowledge, considered as the effects of the bank.

They deem it also justifiable and proper to submit for your consideration and examination the testimony of the officers of the bank, examined by them under oath, with such extracts from the book of minutes as tend to show their management in regard to the affairs of the bank.

We have attached also to this report, among the documents appended, a list of the Stockholders, with the amount of stock owned by each, and a separate list of that held and owned by the directors, together with the amount of the directors' indebtedness and liabilities to the bank, with the liabilities of John L. Crew, the Teller, embracing the sums loaned by him to some of his relations and others, together with a list of the officers of the bank at the time the examination commenced.

The following statement embraces the aggregate amount of the resources and liabilities on the morning of the 11th day of July last :

ASSETS. Bills receivable, discounted and past due,

$377,822 50 past due, under protest,

126,233 59 on demand, short notice,

183,702 53 in hands of attorneys.

71,316 67 Bonds and mortgages, stocks and certificates,

97,90 98 Real estate, principally in Michigan,

57,157 91 Gold, silver, bills, &c.,

1,321 54 Due from banks,

99,053 87 Over Drafts,

52,991 98 Bank furniture, &c.,

300 00 Total,

$1,066,991 57

45

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