Bills Discounted. INDEPENDENT BANKS. BANKS OF OHIO.-RESOURCES, AUGUST, 1848. $27,496 $12,815 $3,556 $17,610 $62,000 $5,000 $180,686 88 Canal Bank of Cleveland, 29,829 7,702 3,588 3,457 29,707 53,803 1,927 133,925 96 City Bank of Cleveland, 74,140 24,176 34,588 2,397 33,878 73,549 3,164 247,504 70 City Bank of Columbus, 381,909 46,087 23,891 81,643 49,486 239,150 303 877,708 75 City Bank of Cincinnati, 29,084 7,922 4,081 10,188 67,205 53,700 1,937 183,601 05 Commercial Bank of Cincinnati, 367,464 19,454 26,253 13,361 42,207 54,000 526,820 07 Dayton Bank, 231,346 52,475 13,054 5,041 10,303 179,050 936 492,862 52 Franklin Bank of Zanesville, 117,477 25,407 27,190 12,624 21,151 116,350 341 327,618 92 Sandusky City Bank, . 102,226 10,366 17,718 19,070 8,999 53,066 340 212,424 45 Seneca County Bank, Tiffin, 89,327 14,850 20,399 1,064 17,916 70,000 247 214,774 12 Western Reserve Bank, 141,243 44,011 9,930 5,200 6,159 109,225 5,900 322,150 00 BANKS OF OHIO.-LIABILITIES, AUGUST, 1848. Canal Bank of Cleveland, 50,000 47,203 647 17,202 16,303 2,570 133,925 96 City Bank of Cleveland,. 50,000 62,859 6,245 55,374 65,050 4,900 3,075 247,504 70 City Bank of Columbus, . 120,505 225,758 38,322 259,924 189,175 23,000 19,544 877,708 75 City Bank of Cincinnati, 49,800 49,771 179 6,929 53,700 23,220 183,601 05 Commercial Bank of Cincinnati, 50,000 31,011 38,414 304,332 54,000 4,713 5,391 526,820 07 Clinton Bank of Columbus, Lafayette Bank of Cincinnati, Ohio Life Ins. and Trust Company, Total of Old Banks, $6,424,055 $7,931,366 $649,207 $4,199,429 $1,037,678 1268365 nott Circulatien 223 46.663.024. for about 1.900.com inkestar 11,241 27,245 294,382 19 4,682 68,622 51,693 $4,600 899,966 15 53,863 314,375 85,582 7,600 1,423,280 80 198,644 858,430 29,079 1,714,735 57 $403,408 $233,496 $21,140,453 52 STATE BANK OF OHIO. We publish the following report of the Select Committee, appointed to examine into the affairs of the Board of Control of the State Bank of Ohio, as communicated to the Senate of that State on the 6th of February, 1846, The Report now published will illustrate the plan of organization, &c., of this Bank, which is an institution founded on principles entirely different from any Banking Institution that we know of in the Union. Mr. Perkins, from a select committee, made the following report to the State Senate, 6 February, 1846. The agency of the Board of Control, in the discharge of their important functions, will be best understood by reference to some of their by-laws. Their office is open during business hours, on all days of the year except Sundays, the Fourth of July, public fast, and thanksgiving days. The regular meetings of the Board are semi-annually; special meetings at the call of the President or Executive Committee, and when not in session, its duties devolve on the Executive Committee. Upon any apprehension that any branch is unsafe, or mismanaging its affairs, further delivery of notes for circulation is to be suspended till a careful and thorough examination into its affairs is made by the Executive Committee. At the close of every month each branch is required to transmit to the Board of Control, under oath, an abstract of its condition, in substance like that required by the 59th section of the act of incorporation, to be made quarterly to the Auditor of State. At the end of each three months, the Cashier of each branch shall furnish an alphabetical list of all the notes, bills, or bonds, delinquent in such branch, a copy of which list is to be sent to each branch. If any branch shall become possessed of its own stock, so as to leave in the hands of its individual stockholders less stock, in proportion to its circulating notes received from the Board, than the proportion prescribed by law, such branch shall immediately return to the Board such portion of its notes of circulation as may be necessary to restore such proportion. No branch shall establish an agency for loaning money or purchasing bills or bonds, or operating for the benefit of such branch, at any place other than its own office; nor shall any note, bond, or bill, be discounted or purchased except by order of the directors or their committee, entered on their journals. Regularly, once in six months, a member of the Board of Control, is sent out to examine critically the affairs of each branch, and makes a detailed and particular report to the Board. No notice is given to the branch of the intended investigation. Upon application of two stockholders of any branch, and good cause is shown, the Board shall order a special examination. The branches are forbidden to exchange its notes of circulation, with any bank, banker or corporation out of the State; also with any bank or company within the State without approbation of the Board of Control: they are also forbidden to deliver to any person, bank, banker, company, or corporation, either in or out of the State, any of its notes for the purpose of giving them circulation; the paying them in the bona fide purchase of bills of exchange being excepted. Branches are also now required monthly to report whether, since their last statement, they have caused any of their evidences of debt to be re-discounted, or in any way hypothecated for realizing the proceeds in eastern funds or otherwise; if so, whether endorsed by the branch, to whom, and on what terms. |