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Abstract exhibiting the condition of the Banks in Massachusetts-Continued.
DUE FROM THE BANKS.
Capital stock paid in
Bills in circulation of five dollars and upwards
Net profits on hand...
Balance due to other banks
Cash deposited, including all sums whatsoever due from the
Cash deposited bearing interest
Gold, silver, and other coined metals in their banking houses.. Real estate
Bills of other banks incorporated in this State..
Bills of other banks incorporated elsewhere
Balances due from other banks..
Amount of all debts due, including notes, bills of exchange,
Total amount of the resources of the banks
Date, rate, and amount of dividends since the last annual re
Amount of reserved profits at the time of declaring the last dividend..
Amount of debts due to each bank, secured by pledge of its
Amount of debts due and unpaid, and considered doubtful
Average dividends of twenty-eight banks in Boston, in April, 1850, a fraction over 3 88-100 per cent.
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,
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.
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.
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.]