Slike strani

1793 to 1800, 1801 to 1810, 1811 to 1820, 1821 to 1830,

1831, 1832, 1833, 1834, 1835, 1836, 1837, 1838, 1839, 1840, 1841,



$1,440,455 3,250,745

3,569,165 3,166,510

5,970,811 1,903,090

16,781,047 714,270

3,175,600 793,435

2,579,000 978,550

2,759,000 3,954,270

3,415,002 2,186,175

3,443,003 4,135,700

3,606,100 1,143,305

2,096,010 1,809,595

2,333,243 1,355,955

2,189,296 1,675,302

1,726,703 1,091,598





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$35,399,905 The mint at Philadelphia was the only one in operation until 1838. From that year to 1841, both inclusive, the amount of coinage at the mint and its branches was as follows:


Mint at Philadelphia,


$10,429,664 Branch Mint at New Orleans, . 326,190


1,859,693 Branch Mint at Charlotte, N.C. 507,025

507,025 Branch Mint at Dahlonega, Geo. 517,990

517,990 Total, 1838-41, . $5,932,380

$7,381,992 $13,314,372 The whole amount of coinage in pieces, from 1793 to 1841, at the mint and branches, has been as follows:

PIECES. Eagles,


$2,910,090 Half Eagles,


23,501,285 Quarter Eagles,


2,771,345 SILVER. Dollars,


1,674,822 Half Dollars,

. 97,895,662

46,947,831 Quarter Dollars,


2,050,125 50 Dimes,


2,376,532 50 Half Dimes,


1,167,873 90 160,993,593

$85,399,904 90 Nots.—The coinage of Gold and Silver since 1841, has been as follows:

TOTAL. To 1841,


$56,217,185 885,399,905 1842,

1,834,170 50

4,166,920 50 1843,

8,105,797 50

11,943,547 50 1844,


7,663,750 1845,

3,756,447 50

5,629,647 50 1846,


6,592,757 1847,



22,595,835 1848,

3,775,512 50

5,815,562 50 Total,

$76,341,440 $73,466,515 $ 149,807,955 Being a total of seventy-six millions in Gold. Our readers will see by reference to our next No. that the Gold Coinage in Great Britain in one year, (1821) was upwards of forty-six millions of dollars in value.-[Editor B. M.]

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The amount of copper coinage in the same period, was 89,439,030 cents, and 7,440,713 hall cents, altogether of the value of $931,503 86; which was all coined at Philadelphia.

No eagles were coined from 1805 to 1837, inclusive. No half eagles in 1816 and 1817. No quarter eagles before 1796, nor in 1800-01, nor from 1809 to 1823, except in 1821, nor in 1828 and 1841. No dollars from 1806 to 1838, except 1,000 in 1836. No half dollars from 1797 to 1800, nor in 1815. No quarter dollars before 1796, none from 1798 to 1803, none from 1808 to 1814, and none in 1817, 1824, 1826, 1829 and 1830. No dimes before 1796, none in 1799, 1806, 1808, 1812, 1813, 1815 to 1819, 1824, and 1826. No half dimes in 1798, 1799, 1804, and 1806 to 1828. No cents (except a few specimen pieces,) in 1815 and 1823. No half cents in 1798, 1801, 1812 io 1824, 1827, 1830 and 1832, and none since 1836.




TOTAL Ten years, 1901-10,

$11,020,000 $216,220,000 $227,240,000 Do. 1811-20,


112,160,000 Do. 1321-30,


No returns.

No returns.

No returns.


12,040,000 1635,


12,000,000 1836,



11,610,000 For a long term of years, previous to the Revolution, the annual coinage averaged nearly 23 millions of dollars. From the era just named, which had its commencement in 1810, the sum has been greatly reduced. Indeed, although the independence of the nation has long been fully established, yet the ever disturbed state of political affairs produces an effect upon the mints and mines, quite as depressive as was the war of the revolution. The annual coinage of late years, is about 12 millions of dollars.

There are at present, seven mints in operation. As there is a characteristic difference in the value of their coins, it will be interesting to know in what proportion they severally contribute to the annual sum of Mexican coinage. The returns of 1836 and 1837, are here given. 1836.



SILVER. TOTAL. Mexico, . . $20,000 $734,000 $754,000 $10,000 $516,000 8 526,000 Zacatecas, . None. 5,460,000 5,460,000 None. 5,238,000 5,238,000 Guanajuato, 171,000 2,341,000 2,512,000 151,000 2,557,000 3,008,000 Potosi

None. 1,099,000 1,099,000 None. 1,111,000 1,111,000 Durango, 359,000 1,063,000 1,422,000 207,000 721,000 928,000 Gualadajara, 23,000 561,000 584,000 13,000 567,000 590,000 Chihuahua, None. 224,000 224,000 None. 225,000 225,000

It appears then that they rank in the following order: 1. Zacatecas, 2. Guanajuato, 3. Durango, 4. Potosi, 5. Mexico, 6. Guadalajara, 7 Chihuahua.

[Continued on p. 553, March No.]


BANK ITEMS. BANK OF KENTUCKY.— The Supreme Court of Pennsylvania, in banc, was occupied the greater part of last week, in listening to the arguments of several of the most eminent lawyers of the State, in the important suit for the last ten years, pending between the Bank of Kentucky, and the Schuylkill Bank of this city. The case is one of great magnitude, involving over one and a quarter million of dollars, and if decided in favor of the Kentucky Bank, completely sweeps off the entire property of the Schuylkill Bank. If, on the other hand, the decision should be against the Kentucky Bank on the merits of the issue, the stock of the Schuylkill Bank, now quoted at from $3 to $5 per share, will be worth in real value, about $35 per share, and, with the advantage of a charter running to 1854, which is whole and unbroken, would probably be worth on the market at least $40 per share. The cause of litigation, as the public know, grew out of the extensive frauds of Levis, the Cashier of the Schuylkill Bank, and agent in the transfer of stock for the Kentucky Bank. The argument last week was an appeal from a decision in equity, in favor of the Kentucky Bank, by Judge King, who, we believe, heard the case, under a special act of the Legislature. The case has been elaborately argued, and with an ability that hath inspired the unfortunate holders of the Schuylkill Bank stock with the hope that all is not lost that is in danger.—[Philadelphia Ledger, 15 January.] Bank of VirginiA.-A. Milhado, Esq., was on the 20 January,

— elected President of the Branch Bank of Virginia at Norfolk, in place of E. J. Higgins, Esq., deceased.

Bank of ENGLAND.—About two years ago, a clerk in the Bank of England lost his pocket book, containing a £1,000 note. A few days since, it was presented to the cashier, passed by him to the

pay clerk, and paid in gold. The leading figure of the number of the note, was found to have been changed from a cypher to 9—, this being done, because the true number had been advertised and payment stopped. The several clerks concerned have been ordered to pay the money in the following proportions :

The cashier who marked the note for payment, is ordered to pay £300, because four figures out of five agreed with the number of the stopped note. The inspector has to pay £150, because he handed the note to the cashier as a genuine note. The clerk who gave gold for the two £500 notes, has to pay £100, because he believed the person who came, to be a banker's clerk. The clerk who received - James Street,” as a sufficient description, has to pay £100, because he did not insist on a fuller description. The clerk who originally lost the note, has to pay £350.

State Bank of IndiaNA.-James R. Shields, Esq., has been elected President of the New Albany Branch of the State Bank of Indiana, in place of Mr. Fitch, deceased; and Victor A. Pepin has been elected Cashier, in place of Mr. Shields, resigned.

BANK OF The State of N. C.-George W. Mordecai, Esq., was, on the first of January, 1849, elected President of the Bank of the State of North Carolina, in place of Duncan Cameron, Esq., resigned. BANK OF

The State of S. C.—The following gentlemen were elected President and Directors of the Bank of the State of South Carolina, in December last, by the two houses of the S. C. Legislature.

President: F. H. Elmore. Directors: S. L. Glover, P. M. Cohen, E. Carson, Thos. Lehre, Robt. Fishburn, R. G. Stone, Geo. Robertson, W. M. Lawton, F. R. Shackelford, R. Caldwell, Geo. S. Cameron.

There was no election for a twelfth director, Mr. W. C. Dukes and Mr. Steinmeyer having each received 93 votes.



Banks of Massachusetts.—The following Banks have increased their Capital Stock, under Acts of the Legislature of 1848.

Original Capital.

Addition. Present Capital. Agawam Bank, Springfield, $100,000


$ 200,000 Barnstable Bank,


50,000 Brighton Bank, Brighton,



250,000 Boylston Bank, Boston,



200,000 Central Bank, Worcester,



150,000 Chicopee Bank, Springfield,


300,000 Fitchburg Bank, Fitchburg,



200,000 Hampshire Manufacturers Bank, 150,000




Commenced Business. The Grocers' Bank, Boston,


September 12, 1848. Holyoke Bank, Northampton,


September 1, 1848. Mechanics Bank, Worcester,


October 6, 1843. Newton Bank, Newton,


October 14, 1348. The Barre Bank, at Barre, chartered, but not yet in operation.


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FARMERS BANK OF DELAWARE.- Andrew C. Gray, Esq., of New Castle, has been elected President of the New Castle Branch of the Farmers' Bank of the State of Delaware, in place of Thomas Janvier, Esq., resigned.

BANK OF Newbury.—The Capital of the Bank of Newbury, at Wells River, Verinont, has been increased to $75,000.

Merchants' Exchange BANK.—The charter of this Bank will expire in June next, but as steps have been taken to form an organization under the general Banking Law, it is presumed that no obstruction in the business of the institution will take place. Its capital is to be $1,000,000, with the privilege to increase it to $2,000,000, and to commence business as soon as may be after $500,000 thereof is subscribed for and secured. The limitation of the Company is to the first of January, 1899. One of the articles of association provides that any of the prom sent stockholders of the Bank, shall at their option be entitled to shares in the new institution to an amount corresponding with those that they hold in the present bank. The capital under its present organization, is $750,000.-[N. Y. Courier and Enquirer.]

Bank of CALEDONIA.-S. B. Mattocks, Esq., has been appointed Cashier of the Bank of Caledonia, at Danville, Vermont, in place of John A. Page, Esq., resigned.

Bank of Burlington.-Philo Doolittle, Esq., has been elected President of the Bank of Burlington, Vermont, in place of E. T. Englesby, Esq., who declined a re-election. Mr. E. had been President of the institution twenty-five years.

Bank Failures.—The Bank of Norwalk and the Bank of Sandusky, Ohio, have suspended specie payments. Their liabilities and coin were as follows, in November, 1848.

Circulation. Deposits.

Specie, Bank of Norwalk,


$2,700 $ 16,000 Bank of Sandusky,


21,000 North River BANK, New YORK.—The resignation of Mr. A. B. Hays, Cashier of the North River Bank, which was announced this morning, and the reasons which led to it, have been the subject of much conversation to-day. The stockholders give out that he has been lending money to a party, without the sanction of the Board of Directors. The Bank some years ago made large loans to Mr. Steinberger, a drover and a large speculator in live stock, well known throughout the United States. The paper he first gave the Bank was of undoubted character, but it depreciated, and at the time of Steinberger's great failure, was such, thai of a debt of $100,000 due to the Bank, only $60,000 was realized. This amount stood for some time, and was charged to profit and loss by the Bank, and the accounts squared.

It now appears, that Mr. Steinberger a second time made application to Mr. Hays, and obtained from him loans to a considerable amount, and, as we are informed, made without the assent of the Board of Di · rectors. Steinberger, in order to obtain the loan, represented to Mr. Hays the certainty of profit that would attend the use of the money, and urging at the same time, that he would be enabled to meet a part of the old debt, $40,000. The new debt of Mr. Steinberger amounts to about $60,000, (besides the old debt,) and the debtor is now far on his way to California. The officers of the Bank, having some information of this transaction, took measures to secure the debt, but the Bank will lose on the new account about $30,000, so far as can be ascertained. The balance is secured by the bonds of Mr. Hays, ($18,000,) and a claim upon the Mammoth Hotel, at Fairfield, C., and in part by Mr. Steinberger.

Mr. Hays has been Cashier twenty-five years, and he is the oldest and best known Cashier in this city, and his course in thus loaning money, is the more inexplicable on that account. No one pretends to say, that this loan has been made by Mr. Hays for the benefit of any one, except the Bank, and a question arises, whether he has overstepped the discretionary power given to Cashiers in making loans. As the affairs of the Bank will be examined, and an official statement made, any farther account of the transaction is unnecessary.

[.N. Y. Express, 18 January.]

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