AGGREGATE OF ALL THE BANKS. Abstract exhibiting the condition of the Banks in Massachusetts-Continued. 6,323,778 84 226,150 69 6,549,929 53 Cash deposited, including all sums whatsoever due from the banks, not bearing interest; its bills in circulation, profits, and balances due to other banks excepted. 7,350,799 30 Cash deposited bearing interest. 288,750 54 Total amount due from the banks. 44,053,329 82 32,674,047 82 76,727,377 64 Gold, silver, and other coined metals in their banking houses.. 2,257,560 07 735,618 22 2,993,178 29 Real estate 586,563 61 401,672 32 988,235 93 Bills of other banks incorporated in this State. 3,358,726 17 357,122 49 3,715,848 66 Bills of other banks incorporated elsewhere 285,901 00 46,772 28 332,673 28 RESOURCES OF THE BANKS. Balances due from other banks... Amount of all debts due, including notes, bills of exchange, and all stocks and funded debts of every description, excepting the balances due from other banks. Total amount of the resources of the banks 44,053,329 82 32,641,634 47 76,694,964 29 Date, rate, and amount of dividends since the last annual re turns 766,050 00 606,260 00 1,372,310 00 Amount of reserved profits at the time of declaring the last dividend. 1,841,138 49 1,006,148 53 2,847,287 02 Amount of debts due to each bank, secured by pledge of its Amount of debts due and unpaid, and considered doubtful 187,292 00 28,188 69 286,646 33 165,199 83 473,938 33 193,388 52 Average dividends of twenty-eight banks in Boston, in April, 1850, a fraction over 3 88-100 per cent. REMARKS. By acts passed at the last session of the general court, the following banks were established, viz: The Abington, in Abington, capital $100,000; commenced operations October 2, 1850. The John Hancock, in Springfield, $100,000; commenced November 2, 1850. The Bank of Commerce, in Boston, $750,000; commenced August 2, 1850. The Bank of North America, in Boston, $500,000; commenced October 7, 1850. The Prescott, in Lowell, $100,000; commenced July 18, 1850. The Tradesman's, in Chelsea, $100,000; commenced September 3, 1850. The Mariners', in Dennis, and Haymarket square, in Boston; not yet in operation. By acts of the general court of 1849, the following banks were authorized to make additions to their capital stock, which have been paid as follow, viz: Holyoke, Northampton, $50,000; paid in July 1, 1849. Bay State, Lawrence, $100,000; last instalment of $50,000 paid in January 22, 1850. Acts of the general court of the present year authorized the following banks to increase their capital; the amounts and time of payment of which are as follow, viz: Adams, in Adams, $50,000; paid April 20. Franklin County, in Greenfield, $50,000; of which $12,500 were paid July 1, and $12,500 September 2. Grocers', in Boston, $50,000; paid November 16. Holyoke, in Northampton, $50,000; paid July 1. Newton, in Newton, $50,000; paid June 4. Tremont, in Boston, $500,000; of which on July 6, $85,800; August 22, $84,500; and October 4, $287,150. Union, in Boston, $200,000; July 2, paid $165,000; July 30, paid $35,000. Western, in Springfield, $150,000; $50,000 paid May 10; $50,000 July 1; $30,000 October 2. In the column of "Cash deposited bearing interest," the Globe Bank, Boston, includes $30,000, and the Eagle Bank, Boston, $50,000, loan from the commonwealth. The Mechanics' Bank, Boston, made an extra dividend in May of $50,000; and the Bay State, in Lawrence, in April, $3,000; which are not included in the average. The Millbury Bank makes a return of their reserved profits in October, 1850, of $5,000. The requisition requiring the state of the bank on the first Saturday of September, that amount is not placed to their credit in the abstract. The dividends returned as paid, in October, 1849, and October, 1850, are, for the like reason, omitted. The "Total amount due from the banks," and "Total amount of the resources of the banks," do not, in the aggregate, agree by the sum of $32,413 35. This discrepancy is caused by the return from the Dorchester and Milton Bank, which deducts from its resources $31,921 57, of which it has been robbed, and $491 78, expenses incurred on account thereof. The return from that bank, however, states that, since the first Saturday of September, $11,100 of the stolen money have been re-. covered. 6 Abstract exhibiting the condition of the Banks in Rhode Island, September 21, 1850. [The circular of the Secretary requiring returns from the banks, in compliance with the act of June, 1849, was issued on the 25th day of September, 1850, and had reference to their condition on Saturday, the 21st day of the same month.] |