Full text of Report No. 3 : Doc. No. 8
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r Doc. No. 8. ]
3
No. k
REPORT.
PHILADELPHIA, 4th December, 1832.
Taking the general monthly statement of the 1st November, 1832, as the
basis of all my inquiries, I proceeded to examine it by comparing the original statements on which it is based. It may be remarked that it is a mere
compendium of the monthly statement of the bank and its branches, and as
they are regularly transmitted, by law, to the Treasury Department, it is at
all times in your power to direct its verification under your own immediate
eye.
As, however, the statement is, in its nature, very complicated, and embraces a variety of matter of account not easily comprehended, I have presented two nnalysises of it, marked A and B. That marked B. shows, in
a manner which cannot be misunderstood, the liabilities of the bank to the
public, and the assets of the bank to satisfy them. The former amount to
$37,296,950 20, and the fund to meet them $79,593,870 97, showing an
excess of 842,296,920 77 to meet any demands on the institution, as all its
liabilities must be first paid, in case of its insolvency or dissolution, before
the stockholders can receive any part of their subscription. Thus far I consider my report as complying with that part of your letter directing the investigation "so as to ascertain the security of the public money, and the
solvency of the bank," neither of which can, in my opinion, admit of a
doubt. Document marked C exhibits, in a distinct manner, all the bills of
exchange purchased and on hand at the offices of Pittsburgh, Cincinnati, Lexington, Louisville, Nashville, St. Louis, Natchez, New Orleans, and Mobile, and the places at whirh they are payable. Document marked D shows
the state of the discounts on personal security and bills of exchange, at the
ba»k and its branches, during the last tvelve months. Documents marked
E, F, and G, contain the reports of the Committee on the Offices, under date
of April 24th and 27th, July 27lh, September 21st, and 20th November,
and illustrate the views of the board of directors as to the general business
of the bank and its offices.
Documents marked U, I, K, L, and M, contain extracts of letters to and
from the cashier of the bank, and the cashiers of the western offices, elucidating the course of trade with reference to the bills of exchange, &c. &c. of
the western country, and will be useful to a right understanding of the great
and increasing importance of that portion of the Union.
No opinion, to be relied on with any certainty, as to the security of the
debt due the bank in the western country, could be given by me, or any
other person here; but, placing reliance on the cashiers of the different offices,
and the respectable gentlemen composing their different directions, and
comparing the amounts of suspended debt for years past with the vast amount
of business and profit, and adding thereto my own knowledge of the general
business of the western country, I do not hesitate to say, that I consider the
debt in a safe and wholesome state, and that a greater amount of loss need
not be apprehended from it than from a similar mass distributed in the cities
of the Atlantic frontier.
All of which is respectfully submitted.
HENRY T0LAND.
Louis M'LANE, Esq.
Secretary of the Treasury, City of Washington.
GENERAL STATEMENT of the Bank of the United States, and its Offices of Discount and Deposite, at the
dates mentioned.
Hills discounted Hi!].* discount- Hills discounted Domestic bills Foreign bills
on personal se- ed on Hank on other stock.
of exchange. ofexchange.
stuck.
curity.
November 1
October 29
22
35
25
22
31
29
37
23
20
15
S3
23
19
15
11
15
Bank United States
Office, Portland
Portsmouth
Boston
Providence
!Iartf,,rd
New York
Haltimorc
Washington
Richmond
Norfolk
Fayetteville
Charleston
Savannah
Mobile
New Orleans
Natchez.
3,709,251 17
•30,797
52
190,854 18
1,015,954 40
591,768 83
469,387 38
4,967.313 40
1,704,761
1,83ft,345
55
38
1.149, -216 11
745,506 74
St. LOOM
Nashville
Louisville
Lexington
18
Cincinnati
85
Pittsburgh
S3
Buffalo
Utica
23
Burlington
24
31 \gency, Cincinnati
30
ChitUcothe
http://fraser.stlouisfed.org/
;
Federal Reserve Bank of St. Louis
17
18
S3
-
•
•
731,546
3,025,966
502,784
1,263,566
5.552,473
1.507.104
580,000
2.086,406
t,295,939
1,123,835
3,925,249
1,171,735
436,766
544,058
410 .V.I
1.665,5.17
147,853
10
05
92
67
71
76
n
90
32
17
16
93
37
68,760 00
1,891,237 09
_
19,066 40
213,285 94
_
_
7,900
291,350
105,954
17,811
13,000
00
00
24
15
00
52,173 48
11,900 00
831,091 00
12,700 00
334,143
.
32,205 00
_
_
36,552 00
48,670 00
_
_
_
a
13,000 00
m
27,500 00
a
•
1,000
_
—
•o
8,700 00
96
00
205,000
a
_
67
40
49,079,966 19
46
1,469,145 95
128,607 03
62 ,025 51
947,302 28
420,971 83
55 ,9.V> 84
947,309 34
195,873 57
177,284 33
204 3H.) 66
265,651 93
189,066 17
348,631 36
198,866 7^
377,826 40
2,894,435 06
3,316,341
43
88,936 68
895,22H 30
1,676.525 72
752,743 38
511,509 93
569.934 18
301.6'U 22
162,51.1 55
273, SiVT81
83,392 10
m
_
845,705 35
-
-
3.801.963 48 16,304,498 48
78,744 54
6,381 52
_
m
29,915 25
m
m
.
m
m
177,614
64,854
48,725
21,016
_
—
m
—
m
m
_
m
m
„
73
85
80
20
m
m
_
47,613 50
73,183 33
209,693 80
_
81,217 16
m
a
-
Real estate.
-
83,393 10
906,18s 67
77,575 ('7
1,823,721 51
Due from Hank
United States
and offices.
20,580,389
61,293
211,499
967,699
97,704
91,641
3,807,981
369,127
449,768
699,697
219,968
620,701
186,866
729 774
630,953
8,081,734
49,846
1,093.403
63,551
159,476
165,365
1,015,207
41,108
379,628
91 ,025
10.70J
63,576
37
76
B9
.34
56
61
51
34
77
00
10
18
K6
oo
72
II
H
7t\
1$
to
21
'.'6
81
so
N
87
a
54.941,694 M
00
GENERAL STATEMENT—Cuntinue<l.
Due from State I.oue« charge- Deficiencies.
Banks.
able to contingent fund.
Nor. 1
Oct. 29
23
25
25
•31
29
27
23
20
15
23
23
19
II
II
15
17
18
22
18
S5
25
23
34
21
20
Bank United States •
Office, Portland
Portsmouth
Huston
Providence
Hartford
New York
Baltimore
Washington
Richmond
Norfolk
Faycttevillc
Charleston
Savannah
Mobile
Ni'w Orleans Natchez
St. Lotii«
Nashville
Louisville
Lexington
Cincinnati
Pittsburgh
Buffalo
Utica
Burlington
Agency, Cincinnati
Chillicothe
654,990
15,679
332
49,240
6,317
40,833
364,300
69,040
73,246
35,943
10,404
08
45
30
65
51
34
30
9.1
91
50
6.8
119,8.12 74
187,256 29
i,7.i7 n
328,501
7,020
8-1,481
12,146
925
14,245
50
8.1
10
38
65
72
1,662,502
210,448
39,148
229,253
57,953
137,8-10
146,219
06
72
46
40
67
17
57
-
-
1,149,904 35
26,133 25
33,453 61
43,476 16
4,170 12
405 28
157,875 22
195,383 53
-
Ranking
houses.
413,081 19
_
-
17,237 78
976 00
116,777 02
-
34,075 65
87,000 00
11 1,637 34
-
34,61.1 10
69.376 83
•
•
456 52
- .
194 07
35,109 65
1:U«5 02
67,727 78
4H.H85 00
24,096 <>2
48,000 00
1K..597 74
-
64,948 41
-
82,991 82
26,885 28
55,606 63
24,827 77
-
206 00
15,000 00
31,970 92
395 40
23,519 84
21,272 48
17,127 08
-
300 00
_
•
11.5J4 87
_
4,188 M
18,653 7^
3,029,497 52
.1,419,-HI 42
Treasurer Expenses. Notes of Hank
Notes of
United States State Banks.
U. States.
and offices.
-
-
52,125
1,673
1.164
4,583
2,820
_
15,396
_
7,448
29,205 65 13,946
19,104
3,690
2,312
7,480
5,044
_
•I.6S0
. 35
4,940
9,999
_
.5,565
I)
a
.
2,718
170,000 00 5,519
2,194 36 4,272
2,642
2,381
_
1,534
17,2a?
2,131
-
77 3,909,695 28
a?, 245 00
14
16(i,315 00
95
406,150 00
17
39S,*90 00
32
90, MO 00
55 14*1.370 54
36
t 11,378 00
220,405 00
58
508,995 00
500,995 00
61
368,720 00
42
5O9,6J0 00
38
73 1,258,505 00
. I3J 00
18
HI 2/152,984 00
,665 00
17
616,9.10 00
92
77 2,596^910 00
59 1,173.915 00
01 ],368,695 00
797,275 00
26
539,6U5 00
99
404,8H0 00
74
357,280 00
94
62
168,010 00
4f>
92
720,997
16,940
27,019
146,182
'.',058
15,944
366,8d8
70,368
20,868
157,067
75,350
37,536
087
197,710
'.'. >yj
151.100
11,523
SI
00
00
00
12
00
02
55
47
76
00
00
00
00
50
00
89
—
66,974 76
11,155 00
.
101,0 56
309,493
114,508
49,044
16,242
00
00
00
46
00
113,034 18 1,174,380 02 201,400 01 307,997 60 22,363,430 82 2,707,937 84
00
GENERAL STATEMENT—Continued.
Specie.
Capital stock. Notes ksm-d. Discount, exnhMsy, and
iivtorest.
November 1
October 29
22
23
25
22
SI
39
27
23
90
15
23
Hank United State*
Office, Portland
Portsmouth
1,865,320 68
40,673 94
49,669 03
Huston
509,310 89
117,561 11
Pro* idenofl
26,968 00
Hartford
f>lM,;559 70
New York
401,000 00
Baltimore
43,881 50
Washington
217,3:50 36
Richmond
119,263 18
Norfolk
26,853 83
Payitt.ville .
246,t;j.) 71
Charleston
386,742 92
Savannah
H
163,680 42
19
Mobile
13
New Orleans . I.68S.5I7 60
31,517 82
11
Natchez
16.5,411 2»
13
St. I^xiia
.1 1.5
17
Nashville
•
18
LouUville
209.410 88
22
Lexington
15 93
18
CincmaiM
58,988 02
25
Pittsburgh
S3
132,050 86
Buffalo
132,626 36
23
Utica
157.S97 21
24
Burlington
21 Vgcncy. < inciimatj
20
• hillicothe
8.C36.0S3 45
16,450,000 00 4,369,793 18 161,'545
S1J.22O (Ki
10,944
5,418
300,000 00 273,720 00
1,500,000 00 857,780 00 53,833
800,000 00 464,360 00 25,079
13,557
300,000 (Hi 331,392 50
J, 500,000 00 1,695,087 50 177,109
1,500,000 00 1,050,147 50 46,784
9 0 0 , 0 0 0 <*' 1,024,8-27 50
33,265
1,000,000 00 1,1 ; 2,305 00 37,089
500,000 0C 1,255,01, t«i 23,346
19,074
500,000 00 1,365,470 00
1,500,000 00 1,753,671' 00 77,886
1,000,000 00 2,47.5,34» 00 21,676
_
48,556
2,057,741 (X)
1,000,000 00 8,601,080 00 221,379
l',952,5M) 00 108,073
18,391
a!4,410 DO
1.00),000 W J.761,940 00 80,450
1,250,000 OC 1.4.;i,33O 00 95..S.53
1,000,000 00 2,532,05.5 0») 48,727
1,700,000 JO :
-.llo 00 87,787
roo.ouo ov 1,; 10.645 00 44,739
26,041
1
747..
17.123
13,215
5)4,
1.V.0 00
8,74.1
191 (Hi
918
iJ.OOO.OOO 0 0
Foreipn
Dividend Profit and loss
exchange unclaimed.
account.
70 30,273 22
62
70
m
_
50
65
31
m
32
_
89
82
45
91
45
60
42
65
12
90
89
60
41
04
a
77
56
52
S4
76
37
50
44.fi93.574 IB 1,518,295 97
3O,t71 «
Contin £ent
fund.
23,227 50 2,382,948 01 5,614,349 96
35 00
728 00
934 50
1,295 00
84.1 50
18,904 fil
7,52 i 7o
4,831 43
9.CI3 00
10 00
1 §0
20.092 30
196 25
N M
201 30
MM
94,937 84
5,614,349 96
GENERAL STATEMENT—Continued.
V
•-
Fund for cxtin- j Due to Bank
£u»shingcost of 1 I'nited States
banking houses, and offices.
November 1
October 29
22
25
95
29
31
29
27
23
20
15
S3
23
Bank United States •
Office, Portland
Portsmouth
Huston
Provide ncc
Hartford
New York
lUltimorc
Washing on- •
Richmond
Norfolk
Fayetteville
Charleston
H:»v:innah
19
••
MoMk
New Orleans 25
11
Natchez
St. Louis
15
17
Nashville
18
I.oni.iville
J.rxington
22
18
CkwiMati
Pittsburgh
35
25
BuH-.l.)
23
Uticm
U
Benninf^ton
21 Agencr, Cincinnati
Chillicothc
20
611,292 05
a
_
a
a
,
a
_
a
_
a
.
a
m
m
_
-
611,992 05
3,576,021 21
353,400 21
li 1,906 14
731,754 &3
237,586 H9
144,509 94
1,914,4.56 73
2,139,277 92
932,779 00
497,802 22
29,448 r.5
102,177 48
742,471 08
73,94.1 17
583,393 77
5,474,641 Hi
1,543,556 11
1,121,257 86
898 616 47
2,645,900 10
451,659 88
I.646.85U 60
222,751 66
811,150 74
544,99 ) 60
490,115 12
2,644,009 96
249,273 48
31,418,983 6J
Due to State
Hanks.
Redemption
of public
(Illlt.
'.'(",,175
28,646
2,025
74,06o
19,699
608
410,771
1(10,855
105,220
105,033
77,830
11,773
97,450
;fi,776
11,665
10,312
90,847
16,710
23,958
f»9,802
19 2,576,628 38
91
_
14
a
47
a
36
«.
53
47 2,171,068 07
27
61
44
25
94
a
60
16
m
66
_
09
30
m
8?
a
_
52
a
82
•
54,085
131,043
34,858
5,14.1
5,888
-
07
54
34
77
M
a
.
a
,
m
a
-
2,224,252 12 4,747,696 45
Drpo-iiUs on
Deposited of
on account of
Tn .isiirrr
Unitid Stales. public officers.
647,611
-T.S1S
1,809
7^1,567
27,974
3,41
2,527,822
9.-..204
60,081
2,5,064
98,112
21,605
8H.237
18,52*
78,0-M
25J.573
42,715
121,691
45,150
29,877
797
259,156
39,990
2,532
41
1,240
99
70
79
49
46
26
80
85
29
15
IS
87
02
»
35
49
98
09
98
51
96
61
57
51
73
180,610 22
18, .'95 19
79,831 71
248,457
30,745
31,191
131,981
69,459
456,79 '
40,484
71,939
27,426
47,090
13,009
60,917
58,181
4,081
39,328
23,410
3,952
44
03
65
59
74
H
23
72
84
15
05
51
89
97
02
12
7.\
n so
94
39,944
io,4.>.)
23,6.'.3
14,893
2:,370
53
14
7o
57
-
-
5,309,133 98
1,849,887 5R
—~
—
I>i-positcs on
account of
individuals.
1,473,558
34,004
15,019
163,541
34,05a
29,650
1,274,611
•t.1J,935
311,841
371,750
287,993
32.4J9
548,487
6S.3H8
76,561
667,624
26
09
20
80
93
52
27
62
88
21
06
54
25
89
18
75
I93/B0 57
2 :1,426
182,761
300,665
189*958
336,071
993,979
78,980
r>5,122
26,762
21
19
13
55
54
73
74
68
77
67 28
7,622,898 84
00
[ Doc. No. 8. ]
8
GENERAL STATEMENT—Continued.
Notes of Bank United States and Offices, in transitu.
Bank United States
Office, Portland
Portsmouth
Boston
Providence
Hartford
New York
Baltimore
Washington
Richmond
Norfolk
Fayetteville
Savannah
6,230
11,430
156,505
5,920
11,675
56,295
35,105
20,625
232,525
43,260
308.B75
125 750
94,090
Office, Mobile
New Orleans
Natchez
St
IXKJU
Nashville
Louisville
Lexington
Cincinnati
Pittaburjrh
BtifUo
run
Burlington
305,200
l,39x,i>50
673^40
73,540
90,845
il.575
26,015
169,845
64,005
258.S3*
51.615
144,860
4,363,410
-
•
?••
Bank Vmiieil States.
Baring1, Brothers & C o . , H o p e & C o . , E . fiottinfrucr St C o .
Bonds and mortgages
.
.
.
.
.
D u e by the United States
.
.
.
.
2.S85.016 X
57,919 36
3,267 32
At Office, Norfolk.
Nary Agent
40,144 17
Statement of the actual ciraUation of the Notes of the Bank U. S.
Notes issued
Notes on hand
Notes in transitu -
44,695,574 13
22,363,430 8?
4,363,410
Actual circulation
26.726,840 83
17,968,733 36
RECAPITULATION.
Bills discounted on personal security 42,079,966 19
Bank stock
845,705 27
Other stocks
2,801,263 49
45,726,934 95
l<>r]04,498 48
Foreign bills of exchange
Due from Bank United States and offices •
Do
State Banks
.
.
.
.
Do
United States
Baring, Brothers !t Co., Hope & Co., and Hottinguer & Co.
.
.
.
.
.
.
Real estate
Deficiencies
.
.
.
.
.
.
.
Expenses
.
.
.
.
.
.
.
Hanking houses
.
.
.
.
.
.
Cash, viz. notes of Bank United States ami offices 22,.V>3,430 8 :
State Banks
2,707,907 84
.
.
.
.
.
2,885,016
1,822,721
123,034
207,997
1,174,380
25,071,138
8,026,055
57,yi'.»
40,144
35,000,000
44,695,57-t
t,518,295
30,273
94,937
2,382,948
.
.
Dividends: oneaaMd
62,031,4.13 43 Profit and l<*s 83,.»92 10 Contingent fund
614,349
I., — 1,.., 1, hargeablc to i ontig'i fund
.4,941,699 94
419,441
1,099,297 5~:
37,970,992 46 D M U) Bank In.ted States and offices 31 ,418,983
5,967 32 Due to HUte Hanks
,224,252
Domestic bills of exchange
Specie
Mortgages
Navy Agent, Norfolk
Capital stock
.
.
.
Notes issued
.
.
.
Discount, exchange, and interest
Foreign e x c h a n g e a c c o u n t
00
18
97
22
84
01
96
42
2,194,908 54
6
12
33,643,235 77
4,747,696 45
26 Redemption of public debt
51 Fund for extinguiaUag cost ofhanking
18jl
houses
.
.
.
.
6 Dcpmitct on account of Treasurer U. S.
02
Less overdrafts and spr, ,;d
6U,89S 05
5,309,133 9t201,400 01
5,107,733 97
66 Drpoiites >" account of public officers 1,849,8H7 57
45 Deposites on account of individuals
- | 7,622,898 84
14,580,520 39
M
17
f
!
139,499,682 42
139,499,682 42
HANK OF THE UNITED STATKH, November 2d,
1832.
S. JAUDON, Cashier.
$
f
00
GENERAL STATEMENT,
dated November 2, 1832.
RECAPITULATION.
Cuplt.ll stuck,
Notis iwnsdi
Hills discounted on personal security, • #42,079,966 19
bank stock,
845,705 27
o t h e r stocks,
3,801,263 49
Domestic bills of e x c h a n g e ,
-
.
.
.
.
.
.
34,941.694 94
3,029,297 52
D u e from the United States,
.
.
.
.
Baring-, Brothers, k Co., H o p e k Co., and llottinguer k C o . ,
.
.
.
.
Real estate,
.
.
.
.
.
.
Deficiencies
.
.
.
.
.
.
Expenses,
.
.
.
.
.
.
Banking houses,
.
.
.
.
.
C a s h , r u . — N o t e s o f B a n k U . S. a m i Offices, 2J,.»<i',,«0 8 2
State Banks,
Specie,
Mortgages,
N»vy Agent at Norfolk,
•
.
.
.
.
.
.
.
.
BlKOunt, j-xchanpr, and interest,
#43,726,914 95
16,304,498 48
Foreign e x r h t n m account,
Dividenda unclaimed,
I'roliI :
F o r e i g n bilN,
.
.
.
D u e from the Bank l \ S. and Offices,
State Banks,
-
.
.
m
, l U I H H ,
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
62,031,4.13 4?
»;,.i92 10
Coatmftnl fund,
•
• #5,614,349 96
!
i (-hnrg'blc to contingrnt fund, :$,-119,441 42
37,970,993 46
Due to lUnk I'nitetl States ami Offices, - 31.418.9H.1 65
HUte Banks,
. . .
. 2,224,252 19
5,:< I
2,885,016 26
1,822,7Jl 51
IS3.0M M
Heil-mptinn of public <li-lit,
.
.
Fun ! tor ilie eititipiiilnnenl of cost of banking I
I
.-s^ix.—Treasurer U. State*. - 5,309,133 98
Less overdrafts, kc., •
201,400 01
207,997 60
1,174,.'.HO 02
Fublir offirers,
2,707,907 84
#35,000,000 00
44,695,574 18
1,518,295 97
30,273 22
94,937 84
2,382,948 01
2,194,908 54
33,643,0.15 77
4,747,696 45
611,292 OS
5.107,733 97
l,849,8Hr 96
7,622,8«JH 84
35,071. "38 66
8,026.055 45
57,919 26
40,144 17
11,580,520 39
« i .<j,499,an k.'
42
00
[Doc. No. 8 . ]
11
ANALYSIS A.
The capital paid in,
.
.
.
.
.
.
.
Circulation, v i z . — N o t e s tn transitu b e t w e e n the B a n k and
Office*,
.
.
.
.
$4,363,410
Actual circulation,
.
. 17,968,733 36
$35,000,000
22,332,143 36
Depositcs— Public,
Private,
.
.
.
.
.
.
Unclainicl dividends,
.
.
Fund for redemption o f public debt,
Contingent fund to m e e t losses, .
Profit and loss,
.
.
.
.
Discount, e x c h a n g e , and interest, .
Fund for extinguishing cost o f b a n k i n g
.
.
.
.
.
6,957,621 55
7,622,898 8 4
.
.
.
.
.
.
.
.
.
.
.
.
2,194,908 54
.
.
2,382.94801
.
.
.
1,548,569 19
houses, 611,292 05
14,580,520 39
94,937 84
4 ,747,696 45
6.737,717 79
$83,4^3,015 81
Bills discounted o n personal security, bank
mortgages,
.
.
.
.
Bills of e x c h a n g e , domestic and foreign, .
Balance due by Offices,
I)o.
State Ranks,
.
.
Debts due by U n i t e d States, and N a v y A g r n t
Real estate,
.
.
.
Banking houses, .
.
.
.
Expense* and deficiencies,
Cuh in Kurope, .
.
Notes of State B a n k s ,
.
S
P
.
. . .
.
.
.
stock, sundry s t o c k s , a n d
.
.
.
.
$ 4 5 , 7 8 1 , 8 5 4 21
.
.
.
.
16,r.S7,890 5 8
3,522,71129
.
.
.
.
805,04540
at Norfolk,
45,411 49
.
. 1,822,721 51
.
. i ( 174,380 0 2
2 , 9 9 7 , 1 0 1 63
.
.
.
.
330,021 78
.
.
2,885,01626
.
.
2,707,907 8 4
8,026,055 4 5
13,618,979 55
* 8 3 , 4 9 3 . 0 W 83
B.
Pursuing the Analysis still further, it appears that the total responsibilities of the bank
the public, are, '
to
TJe notes in circulation, .
.
.
.
.
.
.
]T>f lepo»ites, public and private,
.
.
.
.
.
debts to the holders ofthc principal aad interest of the public funds,
$17,968,73336
14,580,52039
4 , 7 4 7 . 6 9 6 45
$ 3 7 , 2 9 6 , 9 5 0 20
To meet which, the bank has,
IT
> specie, .
.
.
.
.
*»h in Europe at par,
unking houses and other real estate,
« b t s from State B a n k s
debts from individuals, .
.
.
T.
1
o meet a demand of
.
.
excess of
.
.
.
.
.
.
.
.
.
$ 8 , 0 2 6 , 0 5 5 *S
2 , 8 8 5 , 0 1 6 36
2,997,10153
3 , 5 1 2 , 9 5 2 94
62,172,74479
.
.
.
.
7 9 , 5 9 3 , 8 7 0 97
37,296,95020
$ 4 2 , 2 9 6 , 9 2 0 77
c.
DOMESTIC BILLS
OF EXCHANGE purchased and on hand at the Western Offices, showing the places at which
the bills are payable.
On hand, and payN. Orleans,
Mobile,
Oct. 19,1832 Oct. 15.
able at
Natchez,
Oct. 11.
St. Louis,
Oct. 15.
Nashville,
Oct. 17.
Louisville,
Oct. 18.
_
Bank United States, - 6,559 38 .269,661 58
12,750
5,301 38
35,667 13
a
_
8,173 71
Office, Portland,
m
a
_
.
951 49
Portsmouth, •
14,264 52
21,200
23,550
61,609 75
10,500
Boston,
_
_
3,500
8,141 99
Providence, a
_
7,165 61
Hartford,
m
105,639 71
63,288 74
34,500
14,125
New York, - 263,293 45 348,027 49
a
_
778 62
29,990 85
6,041 78 108,917 36
Baltimore,
900
5,623 53
724 28
9,592 63 2,500
958 83
Washington,_
1,500
26,658 45
3,967
1,250
Richmond,
a
5,994 28
Norfolk,
m
—
_
.
_
Fayetteville, .
a
20,957 60
Charleston, .
a
900
685 64
Savannah,
_
a
73,662 79
241,670 58
3,500
Mobile,
.
2,119,875 21 22,143 85 707,487 92 764,346 90
N. Orleans, - 30,867 28
2,800
55,031 10
56,845 85
St. Louis,
.
_
99,864 20
828,144 95
Nashville, •
Louisville,
„
23,311 71 11,603 27 25,443 91
27,836 12 396,819 OS
a
Lexington, •
_
90,029 21
3,649 84
_
450
3,365 53 17,17(1 3l 163,807 89
Cincinnati, - 20,852 24 182,053 02
600
31,067 57
5,399 03 17,757 80 104,558 39
2,024
Pittsburgh, Buffalo,
Utica,
Burlington, •
3,000
66,455 46
5,000
Natchez,
3,593 93 264,596 34
78,876 56
44,610 10
68,210 50
Sundry places,
5,300
377,826 40 2,894,435 06 2,286,541 4:1 88,936 68 895,899 30 1,676,525 72
Lexington, Cincinnati, Pittsburgh,
Oct. 18.
Oct. 25.
Oct. 22.
2,466 15
_
m
_
36,734 64 60,817 90
_
_
9,825
1,000
_
_
7,540 02
27,000
_
52,485
4,452 69 2,721 61
155,192 43 145,102 99
225
9,859 29
.10,118 18 3,430 21
170,159 09 56,618 35
.
8,050
.
107,434 36
14,045 94 47,198 64
2,000
114,339 65
15,263
m
1,500
m
775
754 10 101,534 58
37,420
5,360
6,725
12,279 03
40,668 76
_
500
m
13,342 98
21,631 61
8,550
17,992 79
a
m
_
Tritila
1 (>l .US.
429,958
8,173
951
142,449
12,641
7,940
939,713
206,501
39,302
74,044
5,994
16
71
49
27
99
61
07
40
69
21
28
500
_
_
3,847 50
29,502 84
43,856 95
52,958 43
133,364 10
1,332 15
151,768 6.3
_
2,680
5,534 51
56,228 38
55,497
54,070
329,855
3,974,519
168,618
1,014,515
845,155
103,061
646,902
222,651
4,680
62
64
17
42
19
97
58
20
01
37
475,862 87
290,120 15
752,743 38 511,509 92 569,934 18 10,053,681 07
00
[ Doc. No. 8. ]
13
D.
D—Continued.
BANK OF THE UNITED STATES.
PORTLAND.
DATS.
1931.
Nov. 17
24
Dec. 1
8
15
22
29
ACTITB DEBT. 1 DOMESTIC BILLS.
DATE.
' ACTIVE DEBT.
DOMESTIC BILLS.
1831
7,233,034
7,357,201
7,4:7,512
7,408,583
f,362,225
7,572,574
7,668,053
62
59
05
74
-7
41
63
1R32
Ian.
5
2,008,791
2,035,716
2,059,682
2,102,207
2,123,106
2,175,657
2,274,212
20
77
15
77
54
93
7,647.636 16
2,364,9a! 4S
2,374,667 M
7,660,6J7 86
2,339,096 47
7,030,051 34
. 36,483 17
7,609,970 27
Feb. 2
2,287,229 63
7,472,603 14
2,241,588 42
9 7. 79,143 00
2,197,836 32
16 6,909.121 17
2,162,516 98
23 6,K06,970 06
Mar. 1
2,119,044 V
6,724,310 78
2,127,140 93
8 6.682,322 10
2,083,224 30
15 6,511,213 63
1,972,059 34
22 6,326,984 01
1,976,429 26
29 6,225,782 (-1
April 5 | 6,104,827
1,975,787 05
2,118,943 S",
12 6,037,623 99
2,114,185 36
19 5,874,055 33
2,105,682 83
26 5,747,958 54
>lay 3
2,060,582 M
5,514,581 18
10 5,486,219 65
2,037,963 44
1,967,511 19
17 5,461,043 17
1,965,308 89
24 5,378,809 04
1,978,311 43
3l
5,417,112 39
1,999,316 32
June 7 5,399,607 95
1,988,933 45
14 5,287,674 93
1,980,894 84
21 5,391,452 77
1,975,145 91
28 5,289,104 05
1,902,818 93
July 5
5,336,493 46
1,934,272 41
12 5,387,724 73
1,889,461 15
19 5,427,946 86
26 5,408,902 10
1,814,14! 55
1,736,777 31
Aug. 2 5,374,016 23
1,701,204 48
9 5,353,635 62
1,687,539 85
16 5,381,553 50
1,649,688 13
23 5,392,325 73
1,618,458 64
30 5,428,007 91
1,595,055 38
Sept 6 5,421,953 70
1,581,604 06
13 5,411,647 54
1,525,668 78
20 5,468,677 07
1,483,739 93
27 5,365,669 58
1,497,045 64
Oct 4
5,065,006 46
1,380,293 55
11 5,084,826 55
1,340,651 29
18 5,053,335 13
1,335,205 73
25 5,059,067 07
1,351,395 43
Nov. 1 5,228,517 96
1,351,214 09
8 5,289,723 26
15 5,255,977 50
1,388,217 54
Nov.
Dec.
12!
19
25
JfB>
12
19
26
n
li
21
28
2
9
16
n
Feb.
so6
13
20
27
March 5
li
19
April
May
26
2
9
16
23
30
7
14
21
165,274
165 352
166,840
166,491
168,009
177,412
179,998
24
12
95
•it
72
68
46
178,672 48
178,499 37
187,073 90
187,157 44
186,208 22
188,644 27
192,008 01
192.360 75
191,764 72
189,802 14
204,294 77
208,398 61
214,550 M
220,874 52
227 ,694
'"•.745 62
246,984 43
249,310 22
264.022 69
276,249 72
287,72.1 28
294,866 52
295,361 13
295,23S 46
303,715 97
311,132 12
319.266 79
317,677 22
312.236 53
313,465 40
314.510 74
310,268 57
306,229 04
306,867 34
296.160 02
303 221 46
300,969 41
299,880 81
302.270 80
300,109 28
?99,845 73
305,114 84
316,799 36
330,597 39
1 343,458 36
28
4
11
18
25
July
2
9
16
23
30
Aug.
6
13
20
27
Sept. 3
10
17
24
Oct
1
8
15
22
29
Nov.
5
12 [ 359,642 43
June
48.651
4Q,053
49.6-5-2
49.219
45,882
47,180
43,304
81
96
14
59
95
81
90
45.S73 81
4^,610 01
48.042 72
49,655 39
45.02) 40
43,481 76
38,874 78
41,303 87
44,243 25
43,943 03
48,085 64
51,452 64
55.227 64
56,856 59
60 ; 606 21
65,256 59
65.292 59
SS.318 07
66,440 70
7«,744 3*
SI ,603 81
89,512 29
90,170 47
M.fTS 51
93,413 85
92.250 23
99,761 13
103,583 66
100,005 09
9*. 723 61
98.928 59
106,336 37
105,607 51
108,170 60
107.191 62
112,820 67
119,391 12
100,111 85
102,497 03
101 108 70
106,278 86
112,187 19
121.673 31
122,176 06
125,468 79
129,944 28
[ Doc. No. 8. ]
14
D—Continued.
PORTSMOUTH.
DATI.
1831.
Nov. 14
Dec.
21
23
5
12
19
26
31
1832.
9
Jan.
ACTIVE DEBT.
94,673 66
95,974 66
95,194 66
95,509 66
96,102 95
97,312 95
96,917 95
95,489 66
96,733 60
16
96,287 60
23
96,258 60
30
93,741 89
6
Feb.
94,354 54
13
96,699 61
20
97,993 83
27
99,260 65
March1 5
113,292 97
12
112,020 66
19
111,628 19
26
118,079 61
31
120,325 99
9
April
122,398 96
16
123,449 31
23
126,089 47
30
139,500 94
May
7
149,726 72
14
154,549 62
21
165,216 80
28
163,430 15
4
June
163,737 81
11
165,500 18
18
173,035 52 i
25
176,634 43 I
30
175,856 78
9
July
172,917 73 \
16
172 246 69
23
179;657 53
30
177,342 29
6
Aug.
180,675 21 |
180,316 41 ;
20
179,934 42
27
134,700 45
3
Sept.
177,748 56
10
172,731 45
17
173,877 70
24
173,450 55
30
182,356 86
8
Oct.
191,633 75
15
136,697 11
22
184,913 47
29
184,972 94
5
Kov.
192,093 89
12
196,611 81
£
BOSTON.
DOMESTIC BILLS
36,833
73,175
78,075
80 763
79,425
77,892
77,613
81,094
28
84
84
86
42
92
64
43
81,829 62
SO,549 33
71,348 05
71 317 12
7,597 12
82,253 81
104,066 11
93,944 28
93,850 03
101,737 31
93,311 96
95,136 83
96.819 59
106,919 03
100,240 37
97,081 46
96,141 91
93.784 61
90,049 61
83,727 57
74,751 60
67,016 49
65,430 44
63,179 68
53,097 72
43 134 94
37,677 51 i
46,245 98
47,793 86
53,957 95
52,957 00
62,169 24
63,405 99
61.905 99
60,605 99
53,496 77
55,546 77
56,609 36
63,264 50
53,214 50
45,522 50 i
41,722 50
53,736 00
59,736 00
83,496 11
HATE.
1931.
Nov. 10
17
24
I Dec
2
3
15
22
29
1332.
j Jan.
5
12
19
26
'• Feb.
2
9
16
22
' March
8
15
22
29
April 4
12
19
26
May
3
10
17
24
June
1
7
14
21
28
July
5
12
19
26
Aug.
2
9
16
93
30
Sept. 6
13
Oct.
20
28
4
11
18
25
Nov.
1
S
ACTIVE DEBT.
758.217
736,268
757,137
766,995
791,495
821,371
823.801
824,060
80
12
46
96
00
78
15
64
878,634 85
920,275 65
909,393 78
871,500 46
841,909 27
904,208 76
774,939 01
753,227 77
815,390 39
896,877 34
919,267 46
938,551 72
9.12,936 45
878,197 30
862,173 72
8.17,020 34
812,910 84
811,518 87
815,355 68
827,082 21
824.448 79
830,027 47
815,051 33
828,683 52
852,704 77
961,733 22
983,482 74
1 ,010,718 97
998,152 04
,018,015 21
,104,560 4
,141,760 92
,240.199 86
,244,672 02
,217,307 18
,226 694 83
,•383,6:16 80
,338,464 01
478,166 23
,210,501 29
,256,996 09
.242.365 54
1 ,221,739 93
1 ,35o,974 79
1 ,497,957 42
DOMESTIC BILLS.
1,792,970
1,783,164
1,764,676
1 ,697,4*1
1,742,479
1,791,506
1,755,390
1,723,523
30
18
82
22
13
55
08
«7
1.673,776 94
1,718,004 54
1,736,752 95
1.785,886 46
1,764,386 05
1,795,222 01
1,745,491 56
1,687,887 37
1.C87.662 71
1.671,065 47
1,574,094 49
1,520,308 78
1,451,611 49
1,422.705 71
1,325,338 43
1,249,326 42
1,261,081 97
1,247,489 27
1,205,669 82
1,192,887 20
l]169,820 29
1,140,450 80
1,125,752 88
1,064,113 42
1,01'* 498 15
1,044,698 69
1,025,922 26
1.059.999 53
1,062.633 54
1,054,176 53
1,039,564 18
1,034,041 18
1 064,499 57
1,031.290 15
1,002,279 13
958 153 11
927,106 65
9.50,058 98
936,743 75
1,021,142 33
975,784 20
920,799 54
947.302 ' 28
996,519 16
1,059 '337 67
[ Doc. No. 8. ]
15
D—Continued.
PROVIDENCE
DATS.
1831.
Nor. 10 {
Dec.
17
24
1
8
15
22
29
1832.
5
Jan.
12 I
ACTIVE DEBT.
655,699
656,262
657.C82
646,612
639,901
624,137
621,495
620,503
80
66
68
82
27
37
98
18
HARTFORD.
JOJIMTIC BILL*.
HATE.
ACTIVE DEBT. I (OMISTIC BILLS
366.939 80
1831.
Nov. 14
376,713 -">
21
386,081
403,5%
403,939
409,245
402,935
400,767
94
76
75
03
80
87
621,659 92
393,726 11
622,537 30
389,574 47
624,860 23
386,691 06
19
398,806 59
26 | 602,986 58
Feb.
390.520 41
2 j 601,761 25
611,781 62
390.204 90
9
1 6 I 621,674 38
376.924 44
23
632,682 10
381,070 21
March 1
642,618 13
369,512 54
8
637,440 14
381,218 72
15
657,719 5,0
382,970 40
22
654,993 43
390,194 72
29
657,532 62
380.093 54
April
5
667,876 04
371,584 31
12 j 674,494 77
369,092 54
672,265 91
354,849 27
19
691,951 80
354.671 80
26
May
3
698,784 SO
365,165 84
701,533 81
367,177 47
10
697,090 25
382,035 80
17
707,182 75
374,598 48
24
31
699,971 28
3*8,134 5*
June
694,640 93
389,892 54
7
691,261 47
404.319 50
14
685,585 93
413,282 06
21
28
678,478 12
422,724 11
July
670,810 65
420.Q74 35
5
673,103 46
416,366 a7
12
664.199 71 I 420,28 5 71
19
26
658,521 18 ' 425,904 93
ting.
649,596 66 ! 433,659 30
2
9
651.142 84
453,071 62
lfi
659,920 59
459,047 76
641,369 66
455,320 56
23
635,750 00
472,538 76
30
Sept.
625,451 93
475,202 02
6
613.959 30 ' 455,667 04
13
602,788 73
454,896 43
20
27
594,420 49
451,549 96
4 ' 590,773 67 I 431,997 30
Oct.
11
592,845 93 1 409,240 76
18
597,655 68 • 414,040 60
25
590,843 29
419,780 10
1
Nov.
583,239 87
407,217 72
Digitized for
8 FRASER
581,676 44
409,793 06
28
Dec
*
5
12
19
26
459.248
457,978
469,860
4-65,792
453.433
459,719
469,897
19
93
99
18
13
25
58
1832.
Jan.
470.384 37
2
460,950 17
9
429,307 32
16
434,825 70
23
432,229 69
30
Feb. 6
426,341 71
414,271 48
13
420,819 63
20
422,476 66
27
March 5
422,794 97
420,846 10
12
422,011 62
19
426,297 05
26
April 2
437,223 62
442,607 18
9
443*386 64
16
448,018 87
23
446,834 67
30
May
7
431,256 97
436,615 84
14
418,799 77
21
414,426 43
28
June 4
413,853 03
409,525 26
11
408,969 86
18
410,447 17
25
July
2
410,327 94
413,818 48
9
411,998 69
16
23 • 405,967 88
30 ' 399,310 59
395 574 35
A up
6
396,865 89
13
389,256 79
20
403,616 44
27
404,272 54
Sept. 3
416,906 85
10
17 ; 421,041 29
443,42;) 35
24
Oct.
1 ; 450,068 67
453,760 63
8
15
450,229 04
1
22
472,367 50
29 • 478,154 95
Nov. 5 ! 485,256 67
12 \ 480,947 24
45,393
53,348
52,094
41,834
44,559
42,692
40,859
64
57
24
24
02
67
67
41,732 73
45,695 55
45,941 63
43,831 40
47,813 21
51,525 69
53,008 60
49,846 59
55,079 59
50,936 54
53,260 72
53,096 44
50,445 99
55,145 95
62,535 85
57,150 26
56,570 26
58,172 61
55,195 42
62,583 00
71,9:7 98
72,427 98
71,408 76
72,188 40
74,591 81
72,711 42
67,753 56
72,375 80
73,926 28
75,702 11
71,416 12
65,149 27
54,791 25
53,633 46
54,768 62
56,495 62
63,950 94
65,896 36
60,283 01
55,927 54
55,507 54
55,857 09
55,932 84
54,708 93
52,612 04
53,173 71
d
Ia
GO
1
o
o
p
-< 3 00 NT
|
t9i>oncic<«e>Ai>.|o?<t4|<oe09WV(?|0|OSr4
b . 00 VCTNT 1 * VO — "> ~> <O •>»<£> 30 3 • * < » (JiiC K -f K U) 10 o ) D S ••! S "O K ^
N O * ' f l ' 1 ^ ^ A i 0 S n i o / N o o 7 a 0 ' v t o t i " )
Doc No. 8.
17
D—Continued.
RICHMOND.
WASHINGTON.
ACTITl DBBT.
D1T1
1831
Nov. 12
1,083,851
1,093,271
1,004,371
I,107,701
1,098,658
,093,179
79
67
83
87
Jin.
1,085,791
1,091,427
1,071.946
1,078.108
1,091,143
1,079,386
,076,529
1,083,799
1,089,023
1,082,124
1,080,231
1,107.301
1,106,281
,123,513
1,116,655
1,096,082
1,090,065
1,090,680
1,092,583
,060,092
.053,880
L,057,937
,058,330
I,063,5u9
1,064,809
11,059,568
60
68
14
Feb.
7
18
25
March 3
10
17
34
31
April 7
May
14
21
38
5
12
19
26
31
June
9
1G
33
30
July
7
14
21
38
Aug.
4
11
18
25
Sept. 1
8
15
22
29
Oct
Nov.
6
13
20
27
3
10
MTI
ACTIVJ DKBT.
DOMESTIC BILLS
769,296
761,942
751,520
764,415
776,621
767,885
766,403
63
424,470
480,351
530,814
583,782
625,'.>66
665,455
702,363
792,733
814,977
820,851
821,845
823,691
816,401
815,752
808,084
787,317
807,136
819,188
829,313
853,845
858,706
863,188
848,615
16
14
1831
I . 1 1 7 , 4 8 7 00
19
30
Dec. 10
17
24
ol
1832.
14
21
28
4
11
DOXKHTIC BILL*.
66
35
23
62
20
39
77
79
54
16
24
88
52
61
54
33
04
15
52
20
97
43
18
62
54
,039,313 96
1,064,290 15
;L ,050,517 98
1,060,180 83
L,035,512 11
1,034,365 08
1,016,014 02
1,019,640 19
1,033,650 90
i1,021,815 12
1,020,072 84
1,030,442 89
1,034,299 85
1,033,287 32
1,033,130 59
1,064,435 07
1, (-67, .171 61
1
144,247
123,329
142,536
151,115
152,040
150,046
153,604
15
51
14
52
08
"4
08
158,311
146,272
146,591
137.842
140,140
154,5.12
176,697
31
173,732
r^
91
175,762
178,898
183,757
19*.528
178,484
158,955
14
301
190.092
173,478
164.HH9
172,780
148,101
120,397
115,340
147 804
155,191
167,589
186,491
195. nil
189,739
19:
15'
177
1 •
Dec
47
13
52
08
50
00
20
27
1832
Jan.
3
10
17
24
31
Feb.
27
April 3
May
64
04
91
58
89
June
M
89
31
July
OS
u
66
77
91
4<?
10
17
24
1
8
15
22
29
5
12
19
36
3
10
17
24
31
: • •
03
"
96
84
7
14
21
28
March 6
13
20
09
20
51
29
6
13
'.'••'
41
47
15
22
02
172,733 13
183.242
171.793
154.907
169,884
178,790
182,698
182,346
300,002
180,470
185,578
189,004
NOT.
Aug.
7
14
21
28
Sept. 4
11
18
Oct.
25
2
9
35
16
53
23
30
6
14
72
80
38
as
53
72
63
70
06
06
62
40
29
87
68
72
96
83
53
847,94 70
842,799 24
799,999 69
792,435
7R2.577
771,823
765,865
748,606
741,391
742,472
745,026
729,162
747,545
771,616
805,741
812,527
809,011
818,006
803,508
833,416
836,950
857,208
853,355
840,906
&13,843
826,645
837,6(13
820,006
833.973
23
76
63
44
30
77
88
56
70
92
88
70
12
17
75
45
18
16
52
10
96
96
73
19
74
7$
C6
C2
74
M
86
42
28
711.9.U 14
749,946
770,459 75
778,104 70
785,565 31
754,580 ok
;
736,160 4
799,830 13
. - 76
780,341 4f
769,028 M
728,307 41
70-2,651 99
675,942 '1
658,8 52 16
621,122 j n
622,106 40
579,244 20
596,490 91
559,851 94
544,11: • •4
499,567 48
462,745 11
433,127 92
400,393 26
368,900 70
346,069 69
319,236 78
313,165 44
296,229 IS
30(1,616 L3
399,370 66
386,995 16
285,4 29 2..
271,777 50
277,704 3.1
272,10.;
279,537 50
260,121 47
343,4(12 82
214,624 01
107,156 71
204, . 1J 66
201.697 M
n
n
1
M
[ Doc. No. 8. ]
D—Continued.
1
NORFOLK.
FAYETTEY1LLE.
1
i
!
DATE
ACTIT3 DEBT. -I OMESTIC BILLS.'
ACTIVE DKBT. ,1 uXESTIC BILLS.
EATS
1
1
1S31
12
Nov.
19
26
3
Dec
10
17
24
31
1831
•
582.149
532,094
581,487
594,590
593,488
592,769
596,495
€20,995
82
40
09
70
68
30
18
87
195,925 24
195,957 23
203,226 53
219,578 73
225,732 32
226,064 81
225.247 26
217,370 11
|
;
!
i
I
1
618,626 70
G20.640 93
636,556 48
045,131 65
4
657,167 98
Feb.
11
663,474 77
643,053 47
1 3 •
25 , 655,170 91
March 3 :! 662,432 76
10
665,542 82
676,519 32
17
681,41:» 66
24
31 1 6.37,809 91
697,529 39
7
April
14
705,701 34
21
697,606 86
28
700,567 97
5
May
695,808 66
U
695,157 81
19
702.502 29
26
703,992 39
2
707,519 71
June
9
737.284 C4
16
743,323 77
2>
741,117 35
30
726,059 85
July
7
713.560 70
14
700,769 28
•n
696,904 90
23
696,569 65
Augui t 4
682,941 63
679,240 70
n:
677,396 49
:
:.; 670,244 86
Sept.
670,947 32
I
G58,5:36 H
3
15
C52,3;: 79
22
668,01,2 83
29
672,935 01
Oct.
675,350 48
6
13
664,694 32
20
C66,?37 65
671,617 91
27
Nov.
3
675,908 21
10
6b2,047 20
Jan.
7
14 ,
21
28
NOT.
7
14
21
23
Deo.
5
12
19
26
1832
Jan.
2
9
16
23
30
Feb.
6
13
214,600 34 !
21S.688 90 |
234,125 80 !
239,673 54
135,616 23 !
225,153 45
231,754 42 j
254,392 15
282.821 43
291,411 95 i March
301,710 42 '•
296,1U 74 •
292,6.1.: 03
April
288.905 45
288,545 93
290,840 G;
283,7i-2 03
274,724 81
May
270,248 89
275,043 75
270,306 52
586,17u '.1
Juno
277,367 30
566,601 04
255,222 38
252,610 96
July
275,618 92
276.323
265,216 09
262,764 86
263.869 71
Aug.
268,096 99
278,239 39
270,249 £8
370,351 .i4
2^8,458 60
Sept.
238,812 b8
230,255 01
231,406 27
245,443 5.3
Oct.
256,383 62
265,651 93
254,258 45
248,329 78
255,971 26 . NOT.
20
27
5
12
19
26
2
9
16
23
30
7
14
21
28
4
11
18
25
2
9
16
23
30
6
13
20
27
10
n
24
1
8
15
22
29
1
5S5.36S S8
558,737 26
565,555 61
565,5:6 84
577,310 27
577.898 59
576,10-1 52
596,527 31
113,454 80
125,537 23
130,444 09
133,688 "7
138,387 49
136,658 77
141,923 U
144,064 Oi
593,227 90
590,953 66
589,682 63
589,386 09
558,165 56
553,307 65
568,333 39
524,202 72
531,945 13
525,026 68
545,181 47
539,715 98
564,573 42
568,494 57
575,514 43
581,234 39
580,204 75
593,467 06
583,539 57
589,55?) 48
555/-S5 03
551,527 25
550,551 79
561,347 49
561,094 42
548,167 C4
556,051 57
551,148 75
557,417 71
572.290 66
572,873 24
597.230 86
571,505 05
579,566 07
592.421 45
528,201 CS
591,048 59
596 953 86
592,3
627,218 25
633,978 C9
639.K 1 69
635,56C 02
638,217 11
650,764 59
145,573 3
137,543 0J
153,404 7t
149,704 64
147,810 8.
154,176 '
155,370 8
168,341 4
174,519 3
171,061 8
183,730 7
183,569 7
194,541 i
184,021 8
185,477 3
18.3,267 9
172,466 2
181,601 4
166,255 6
179,479 9
172,972 :
181,845 S
177,115 I
176,780 4
178,523 i
168,402 7
167,525 t
167,022 2
156,547 i
162,914 S
159,273 .
144,409
155,906 <
135,507 (
1.11,488
152,884
150,347
141,587
159,764
163,169
151,517
184,566
188,775
196,195
211,779
Doc* No. 8. ]
D—Continued.
SAVANNAH
CHARLESTON.
•
ACTIVK UEDT.
DATS.
Jan.
1,943
3,u23/05
»,5!0
29 j 3,069,343
f,
2,42?
13
3.097,959
20
3,103,794
37 3,037,216
3
10
Feb.
17
24
31
7
14
51
28
March
6
13
20
52
87
52
29
It
52
87
24
3,073,015 12
3.051.490 "Jl
3,009,862 02
8J977.745 $4
2 59
2,940,819 4ft
. i 58
. ",,887 07
2,85-4,887 14
2,9r.J,n36 40
2,873,982 2i
2,888,77 1
22
17
April
3
10
1
7
15
2°
29
Juaa
5
12
19
26
July
3
10
17
24
31
Aug.
7
2,8 ' .
l 26
17 4<»
1 77
2,810,319 77
-i 7.506 94
12,183 27
2,841,993 12
2,8
2,9 8,4*1 6-1
8,942,963 92
2,938,526 10
1 L140 \6
3,07!?,67"
s «,•;
3,10.5,77; 70
S,079,356 -JJ
' "».68
•3 48
u
"1
Sept.
Oct.
ri 14
3a
2.5
2
9
16
2.;
30
6
, • •
J
27'.
1.818
393,656
359,349
961,426
383,
•
22
4"
M
Dec.
4",
10
01
04
61
Jan.
52
7i'
Feb.
11
\1
9*5,954
993,526
963,554
916.691
9V
5,636
7
S43 17
<l 93
16
12
"
29
96
March
830.957
764.464
782*409
705,409
6
IS
2n
April
•
7'
May
•49
603.715
551,7! )
15
28
87
91
27
•1 Ort
3
) '. 38 H2
!97 53
10
17
936,960
91
99
91
63
72«-.419 86
721,ft91 73
,913 80
21
39
2"
55
06
37
779,095 48
- »1 84
103
17
24
31
14
94
768,080 68
1
8
15
22
1 J .<;:
H5
29
Juno
5
50 72
18
594,934 80
5JRO11 53
47
u7
19
36
3
U
17
21
51
51
August 7
413,725 '29
. '
14
.fy',2
•28
4
11
18
25
11
38
94
3,171,53J 51
314,499 22
Dei
51
Nor.
S3
N
03
241 ,519 41
5.^ i.S85 94
376,221 12
419,1S4 45
454
509,363 49
5(4,141 64
515..374 89
5t;
610.082 85
695,891 27
71-2 3-15 98
757,814 34
762,053 81
789,&*S 73
•74,936 77
837,914 7i>
i
<--.} o r oi
5-2C},337 74
55*.4 ; 1 •
,558 36
523,
^t 14
i.l 30
17 16
»73,949 75
KM 34
1,102 ,i/79 86
,428 .^5
:
997 •
y:2.151 30
958.018 15
916^
836,5>)5
7J?,499
654,574
5i7,3 7J
NOT.
S4Q,OI1 51
,711 .52
"
577 53
.793 50
1
.3 5 31
541.615 44
5 20,317 66
2
6
94
1"
23
(»l
414,182 33
398,519 34
K
9
16
'23
30
•
91
8(i.7iH 6^
103,972 ' 8
13.". ,767 58
If." 844 48
152,461 55
194,163 39
231,564 85
49J.J
:
3,1
82,004 19
z:\ ,117 4J
813,1
til ,355 36
55
161,550 11
J . '
585,449
' JuW
588,193 93
? 27
• 09
1,480 91
.117 52
3,27O,2S9 So
29
6
13
547,635
879,661
c::?.543
652.37.')
662,959
645,943
7«i2.'.716.785
7*6,993
804,744
8
NOT.
r, 115
- A9
89
2 *?,
.
4
11
18
&698
9K
17
May
ACTIVE CUT. {nOlIJTIC BILL*.
DAT!
1831
1SJ 1
8
Nor.
15
22
Deo.
BOMXSTIC BILL1.
" 79
481,944 90
434, J40 40
930,807 30
GO6.376 45
190,267 39
21.5.
198,866 78
[ Doc. No. 8. ]
D—Continued.
NEW ORLEANS.
MOBILE.
ACTIVE DEBT.
DATE •
OXESTIC BILLS.
4
11
18
25
Dec.
1
7
16
23
30
1833
Jan.
6
13
20
27
Feb.
3
10
17
24
March 2
9
16
S3
30
April
6
13
20
27
4
May
11
18
25
1
8
15
22
29
6
13
20
27
Angusi 3
10
Sept
Oct.
BILL*.
1831
1831
July
ACTIT« DIDT. |1 mjiivrii:
j
NOT.
Juna
DATE
17
24
31
7
14
21
28
5
12
19
26
1,353,667
1,344,930
1,453,160
1,451,021
1,452,462
1,484,935
1,502,610
1,521,157
1,502,423
09
01
03
90
92
94
22
48
48
1,401,532 22
1,378,584 75
1,363,950 92
1,363,696 17
1,381,625 69
1,334,881 27
1,312,113 41
1,448,010 74
1,400,188 14
1,293,546 56
1,296,701 52
1,252,183 31
1,201,561 80
1,099,225 05
1,088,008 38
1,078,689 69
1,066,162 58
1,031,805 25
1,039,676 85
1,070,318 52
1,097,792 47
1,119,877 74
1,076,265 19
1,122,991 02
1,159,108 59
1,143,822 27
1,165,413 14
1,221,117 31
1,254,734 19
1,276,151 82
1,292,066 71
1,295,562 90
1,324,297 27
1,338,352 97
1,337,226 84
1,322,908 66
1,313,298 98
1,298,623 78
1,287,787 61
1,275,051 51
1,270,577 06
1,262.098 40
1.259,629 34
Nov.
42,865
125,686
62,956
88,132
92,343
124,468
153,107
220,231
285,049
19
05
M
66
75
75
93
88
78
7
14
21
28
Dec
5
12
19
26
1832
Jan.
2
9
16
23
30
Feb.
6
13
20
27
March 5
12
19
26
April
2
9
16
S3
30
May
7
NOT.
435.775 96
529,184 98
620,516 92
773,831 41
793,007 87
885,65-2 64
1,047,489 33
1,062,702 89
1,008,667 20
1,293,959 50
1,351,735 66
1,416,573 67
1,450,631 87
1,643,867 98
1,592,844 86
1,532,075 77
1,501,811 21
1,534,377 40
1,614,224 08
1,656,110 02
1,543,302 89
1,470,216 57 . Juno
1,372,657 61
1,170,022 02
1,131,680 03
1,089,860 13 July
1,108,105 36
1,123,281 14
1,062,609 16
1,042,426 01
1,031,737 79 Aug.
896,801 24
784,424 03
774,250 23
654,133 37 Sept.
606,763 63
530,881 93
594,289 04
457,863 65 Oct.
420,350 48
443,527 27
377,826 40
369,981 99
Oo
14
21
28
4
11
18
25
2
9
16
23
30
7
13
20
27
3
10
17
24
1
8
15
22
29
6,161,352
6,171,012
6,199,095
6,199,516
6,298,754
6,376,504
6,417,876
6,412,990
29
40
45
76
95
87
79
6^,506,436 80
6,504,279 37
6,512,553 25
6,459,108 09
6,511,362 04
6,651,682 15
6,698,400 53
6,763,758 80
6,781,866 37
6,741,259 44
6,753,926 30
6,838,981 06
7,010,669 83
7,: 87,373 33
6,932,824 66
6,823,976 37
6,733,564 53
6,699,735 39
6,559,990 42
6,506,487 17
6,374,747 73
6,315,351 36
6,316,041 92
6,273,331 33
6,194,935 38
6,127,161 92
6,127,210 06
6,086,503 21
6,007,086 51
5,950,049 53
5,8"73,.»80 82
5,778,499 62
5,427,875 08
5,674,689 09
5,653,237 59
5,636,496 98
5,635,410 46
5,622,120 11
5,630,959 14
5,555,198 70
5,531,714 66
5,472,70S
5,446,453 06
5.446,545 56
1,766,828 63
1,796,996 16
1,800,480 89
1,804,166 49
1,863,515 14
1,915,003 80
1,997,251 60
2,035,258 83
2,088,491 14
8,185,677 34
2,237,795 24
2,419,864
2,509,517 09
2,655,682 13
2,840,489 60
2,975,056 09
3,065,849 36
3,288,008 33
3,!i64,141 87
3,582,011 82
4,012,173 45
4,649,912 58
4,949,574 86
5,104,749 48
5,334,487 92
5f4o9,H56 82
5,487,966 79
5,600,137 19
•,815,456 71
6,136,647 47
6,494,735 87
6,689,119 11
6,817,766 10
7,031,968 07
6,966,623 68
6,942,164 17
6,785,827 16
6 M7,3Si 30
6,527,142 95
6,261,636 21
5,969,633 70
5,636,389 07
5,1.36,273
4,484,109 32
4,076,739 93
3,858,104 53
3,592,671 41
3,249,715 42
3,009," 13 53
2 849,824 96
2,7iH,084 03
2, >01,840 58
[ Doc. No. 8. ]
D—Continued.
NATCHEZ.
•ATI.
1831.
Oct.
20
NOT.
Deo.
27
3
10
17
24
1
8
15
22
29
1832.
5
ft*
12
19
26
ACT1TB DBBT.
948,792
9o2,665
867,853
857,046
874,016
K79.O7lJ
863.421
843,105
856,279
b52,645
895,410
46
19
85
81
81
56
12
27
73
93
47
ST. LOUIS
DOMESTIC BILLS.
679,695
698,202
758,915
757,596
804,328
850,447
873,936
16
97
94
DAT*.
1831
Oct.
31
1 Nor.
7 I
14
21
83
37
(17
13
92
925,101 77
948,755 34
985,042 56
876,790 13 1,042,697 95
M>30,811
901,997 45
1,063,854 90
955,483 57
1,103,863 91
1.068,939 01
a 1,178,416 78 1,162,816 85
1,232,887 09
9 1,273,197 58
1,236,066 07
16 1,"36,609 SO
23 1,433,017 58 1.256,101 77
Kirch 1 1.426,661 33
1,257,358 07
1,329,777 84
8 1,436,414 24
1,299,982 43
15 1,438,070 40
1,"< 14,792 65
22 1,445,364 18
1,281,512 72
29 1,450.965 36
1,266,612 52
5 1,459,988 54
April
1,219,779 84
12 1,484.500 01
1,174,972 15
19 1,508,584 48
1,232,400 64
26 1,526,312 96
1,242,291 20
3 1,532,427 50
*»7
10 1.530,430 01
1,271,3« 17 70
17
1,251.397 03
1.532.675 03
24
1,296,205 55
1,532.005 42
1,270,616 32
31 1,564.079 56
1,307,606 76
7 1,629.005 01
un«
14 1,547.713 99
1,308,704 15
21
1,133,084 62
1,546,970 05
28
1,376,429 60
1.555.470 66
5 1,559.381 20
1,452.646 44
12 1,559,764 84
1,540,032 II
19 1,563,855 11
1,555,677 06
26 1,55:,502 49
1,618,225 12
t 2 1,540,009 38
1,758,695 83
9 1,565,838 90
1,842,895 39
16 1,575,3yo
1,960,114 13
23 1.532,092 23 2,079,050 28
30 1.612,559 89
2,067,607 74
P** 6 1,588,812 97 2,158,821 58
2,177,325 54
13 1,594,665 07
2,180,313 46
20 1,571,092 63
27 1.561,041 23 2,225,659 33
4 1,526,991 45
2,310,838 43
11 1,493.8:9 46
2,286,541 43
1,511,627 47 2,307,186 10
Digitized 18
for FRASER
ACTITB BBBT.
Dea
88
5
12
19
36
1832
3
Jan.
Teh.
9
16
83
30
6 1
1J
30
37
March 5
12
19
26
April
2
9
16
23
M..v
30
7
Junt
14
21
28
4
11
18
25
July
2
9
16
23
50
August 6
13 '
20
27
Sept.
3
10
17
24
Oct.
1
8
15
22
29
444,679
492,565
498,885
520,261
529,367
539.483
563,702
576,713
599,305
25
87
16
26
58
70
19
55
628,419 51
6t7,600 19
639,329 35
652.706 16
654,922 S3
676,650 10
673,579 87
676,449 80
677,594 80
682,892 66
691,998 50
698.215 62
697,897 87
694,680 01
699,577 70
704,537 02
694,268 87
710,500 91
722,622 97
752,852 22
756,184 67
731,369 40
723,951 10
721,843 41
737,763 09
716,856 40
709,573 85
717,776 10
714,656 85
703,806 19
661,476 16
645,322 08
650,686 09
645,275 37
650,914 43
648,072 06
637,057 45
630,726 92
627,692 74
623,093 16
631,865 71
608,335 21
607,767 59
600,043 73
DOXBITIC
II1U.
96,836
99,567
Id 1,172
107,681
89,460
92,570
86,495
84,415
76,915
49
m
34
02
a64
1,5
II
4S
75,445 05
74,495 ui
72,400
70,624 V)
71,924
72,471 i i
7i,994 75
72,824 73
77,078 36
69,994 95
71,283 93
73,949
76,717 8-i
81,937 M
96,621 2 J
97,10; M
98,853 52
98,204 11
115,204 11
119,783
124,628
128,653
132,328
137,519 79
137,636 u l
138,481 41
139,195 88
138,140 92
158,423 W
159,821 H
159,438
147,831 •19
152,770 75
146,653 77
131,578 22
125,853 22
123/S3 22
117,925 59
113,663 64
104,406
102,268 &3
88,936 63
94,456 63
97,292
m
m
m
m
m
n
m
r*
[ Doc. No. 8. ]
22
D—Continued.
LOUISVILLE.
NASHVILLE.
DATE.
1831.
2
Nor.
9
16
23
30
7
14
21
28
1832.
4
Jan.
ACTITB DEBT.
DOMESTIC BILLS
DATB.
!>OME»TIC DILLS.
2.145,128 83
2,347,514 94
2,358,961 71
2,378,6S4 58
•2,31-2,534 10
2,419,039 66
2,451,070 05
i.,477,274 25
2,532*40J 15
998,582
1. .-9,16s
1,UG9,94S
1,117,005
1.122.277
1,183,416
1,197,&>4
1,236,176
2,543,915 27
2,58G,647 53
2,650,222 93
2,658,208 28
2,632,629 50
2,644,84'.) 93
£,627,126 92
2,6'J7,126 '.<-'
2,467,900 96
2,528,423 97
2,499/544 0.!
2,503,89-; 1.1
2,472,1 J4 81
2,J<>3,972 10
2,4o5,2o4 C 3
2,433,640 51
2,461..T.5S fej
2,411,317 62
2,404,755 21
2*393,940 84
2,->74,'097 10
8,549,4 „'-• 19
2,368,247 62
2,402,497 02
2,592,660 15
2,51)3,955 69
2,576,358 so
2,578,025 72
2,4JG,o68 63
2,4lo|"S4 51
2,4»i7,35O .17
9,427 i58 70
2,4-1 372 12
8,4Uf,896 85
2,538 *'2.S 70
2,36(i'79G
9^29,437 97
2,312,050 15
2;284,511 45
2,265,507 69
2,243,645 70
2,217,203 05
2,2f'5,332 23
2,191,516 77
1,281,173
l,Sf 8,533
l,-29l,o57
1,282,931
1,^67,2'-1
1.-275.-293
I,°»0o,l2;
L309,yll
1,555,45 J
<0
1,
68
1831.
2,971,175
2,847,962
2,840,676
2,761,874
2.686,967
2,573,793
2,473,680
2,327,865
2,321,238
98
45
36
90
77
49
28
52
43
910,836 1
1,062,09-Jr 84
1,187,62*: 76
],355,2SC 60
:,492,93.1 57
1,677,927 13
1,854,677 82
2,063,841 61
2,139,024 62
NOT.
3
10
17
24
50
Dec
8
15
22
29
1832.
Jao.
5
2,284,630 06 • 2,225,911 11
12
2,358,201 35
2,239,523 09
19
13
2,208,927 38 2,457,614 93
25
2,203,947 31 2,502,751 88
26
1
2
2,200,197 14 2,547,619 81
Feb.
Feb.
8
9
2,537,298 50
2,204,482 23
15
25
16
2,184,165 61) 2,627,856
'22
23
2,170,240 16 P,677,9©2 51
64
29
2,167,441 24 2,707,034
j March 1
2,737,938 99
March 7 2,144,410 76
3
9.3
14
2,759,754
2,146,428 42
15
2
j
1
16
2,153,107 47 2,738,052
28
29
2,766,CG3 81
2,143,634 24
4
2,754,447 6..
April
2,157,9y5 9'J
April
5
11
2.744,867 52
2,144,941 91
13
18
£,713,268 5«
2,132,482 17
19
25
So
2,683,695 55
2,116,494 33
2
May
2fs23.<4\5 41
May
2,113,960 51
5
9
10
2,072,974 59
2,572,978 96
16
2,003,559 43 2,449.679 79
17
23
24
2,264,367 91
2,060,821 37
31
30 2,047,119 67 2,141.096 26
7
1,982.911 59
6 2,041,004 31
June
June
14
1,853,47J 5H
13 2,017,306 74
21
1,703,353 79
20 2,001,309 84
23
1,989,426 19
1,557,169 32
27
5
1,281,389 84 July
1,883,163 68
4
July
1,162,363 66
1,985,640 69
11
12
19
1,973,693 16 1,031,271 82
18
888.581 70
1,985,902 69
25
26
748,555 34 Augu*1 2
2,014,986 14
August ]
9
670,316 14
8 ! 2,019,423 94
16
573,957 69
1,986,032 60
15
519,690 11
22 | 2,000,190 46
S3
2,014,558 65
489,829 49
29
30
5
500,462 22
2,049,244 35
Sept
6
Sept.
13
503,234 9 ;
2,064,190 87
12
20
2,072.491 49
571,098
19
632,200 13
26 2,079^261 68
27
4
703,433 82
Oct.
Oct.
3 2,069,278 88
11
805,769 94
10 2,061,254 41
13
895,228 30
17 2,039,639 36
2,023,900 91
1,023,348 36
24
25
1,996,783 41
1,098,423 77 Ifor.
1
11
ACT1VK DEBT.
si
or
cr.
42
78
13
f:5
\,i2G,\56 M
.--.
(9
98
•~
.'•2
•'.9
(*/.
18
i%
1,
>ji,'j7.>
IJ
1, 1 UXJS5M
1^39^*9 ;•.'
!. - • • . 9 7 5 M
:,
t
It3S
1^60,189
I,
..5
11
•-•
],>
•:7
1,4.
•..'J
1 ,.'.'.< J,295 08
1, Sl,521 5k
1 57rt v:.)> '•I
I«3u8,i(67 .1
1,1 ;,JTi4
Ifl
I,'2tl,56lJ -,».
I , % •»-.,81.>
1 211 S71 ro
1*2 1oV.il M
l]2«o[j85 M
1,2«»,694 th
1,514,45a
1 3->3 HUH
l]4u]954
1,438,981
1,531,188
1,567,034
1,607,659
1,634,291
n
71
OS
")
4f
13
1,G7IS 525 71
I,746',0M
1.763J87
j5
[ Doc. No. 8. ]
23
D—Continued.
li
LEXINGTON.
ACT1VS D l .IT.
DAT*.
1831
Jfor.
7
14
n
23
Dec
5
12
19
26
1832
Jta.
2
9
16
23
30
Feb.
6
13
20
27
Mar.
5
12
19
26
April
2
9
16
23
30
*>7
7
14
21
28
JuiM
4
11
18
25
JU!T
o
b
fc»
16
23
30
6
13
20
27
3
10
17
944,235 45 1
924,OS?'. 50
904.98' 28
889,270 80
878,15 J 04
866, .47 21
658,228 79
i.yj.Oii 76
847. K! 46
839,G2>i 95
829,618 12
865,>7'J 22
f-92,838 22
918,177 42
970,444 75
1,045,424 55
1,079,490 83
1,150,121 03
1,171,476 76
1,191,920 47
1,217,5*1 50
1,2C9,537
:,QU 50
1,254,308 67
1,258,901 13
1,265.74 r 34
1,*7U,160 5 ;
0,-411 17
1/27*, 849 J5
7,844 12
1,2*6,2 .i 51
l,270,»T4 l>
01
1,27!
91
1,2S
31
1,29
1,124,6 ^6 58
l,35"s>J> 66
l,».7,953 51
1,399,828 47
1,28^,91 i 56
1,27
CINCINNATI.
UOXlfTIC Bl
ACT1YK H U T .
2.AT*.
1831
1.089,3*7 08 1 Nor.
3
10
,119,953 67 j
l,15-".,2ll
,165,070
,176,856
1.180,025
,178,366
1,168,251
,134,547
.1CS.812
I, 1
905,041
5(-
472,239
436.113
416,656
1
8
15
32
29
1832
24 ' J u .
5
(J
63 I
12
19
1
26
Feb.
34 •
49 !
17
05
7.
5J
Ap:U
•;i
•',•:
48
74
49
45
94
p2
10
•7
75
62
38
2
9
16
23
I
6
15
•22
39
5
18
19
u
482,549
512,1(^5
497,756
526,701 19
556,873
572,087
1,2J2,8 .7 26
565,8 K6
7u
1,2.,
576,858
83
1,33
Sept
593.82J
l,jQ*JUl 24
616,547
1,191,16J 87
24
634,849
'.,162,805 IJ
1
648, d20
1,1:19,333 c7
Oct
6
1,015
C92,y48
l.C9d,64Q o3
737,480
1,058,443 55
26
760,210
29 1.V21,698 £4
SOT.
Digitized for
774,049
990, ¥49 92
S FRASER
Doc
21
81
31
58
38
97
93
08
334,249
536,101
555,144
353.173
341,755
378,223
414,553
449,217
5-Y.6i5
-•H
565,154
579,551
611,910
639,658
0 •:'
S2
..)
IT
96
S3
03
'6
77
:4
71
75
4.17.U70 .5
455,129
424,ri2
4J 4,744 M
447,107 42
. i
C3
:4
8i
789*873
724,166
658,982
63 S 595
58H,ff)2
575,840
519,075
17
n '.
57
35
29
(6
3,049,118
5,044,412
5,0Cl,240
3,126,807
3,148,900
r.:it7,8i5
3,253,792
- 6,507
3,253,340
bOXBSTIC BILLS.
26
June
July
Aug.
Sept,
Oct.
Nov.
5
10
17
23
51
7
14
Cl
28
5
12
19
26
a
9
16
23
50
6
12
19
27
4
11
18
23
1
3,278,445 97
3 v.:>«9 S3
3,366,068
5,572.200
3,555,935
5,341,867
3,558,652
3,529,023
5,520.506
",: 02,370
5,269,118
.-,249,107
15,921
3,198,662
J.966
"-, 145,655
3,137.864
89
13
34
44
21
94
82
36
6^
76
74
08
59
64
61
9,345
5,076,536
5,052,511
5.057,652
5,031,896
5,016.970
. 17,663
2,994,092
2.985,458
2,982,211
1,973,501
2,953,846
2,936,975
2,925,6:1
i, 922,432
2,926,012
2,906,924
-',908,086
2,8i>0,641
2,87^.442
2,863,093
2,856,609
2,859,963
2,865,166
8,g56,165
53
65
91
51 1
S3
oy
78
96
58
54
10
53
30
09
57
99
66
46
23
03
74
57
86
02
64
53 I
17
«|
06
98
652,361
692.459 . 9
716.454 ^2
74?,376 "6
754,135 55
75\c\5 D
7"
791,743
• :
:
E 1,
B17.H5)
:. . .
-
4
3
5
.'•.
73 V
;
7J
715,559
714
7
•
:
1
3
5
7
5
O
-6
CS4.622 .9
700.632
7 : ,45<J
715,-99
u
a4
HI
65 J, 173 93
638.004 MP
*>
5*3,451 13
5^y T i i
525 coy 9
•
519.591
495^00
85
517.253 •1
530,166 *7
m
:>
[ Doe. No. 8. ]
D—Continued.
PITTSBURGH.
DATS.
1831.
y
Mor.
Dec.
14
21
28
5
12
19
26
1852.
2
Jan.
ACTITB DEBT.
1,128,780
1,141,435
1,148,102
1,144,698
1,153,152
1,160,607
1,174,919
1,194,366
24
30
54
02
10
75
30
57
1,231,617 01
1,218,361 91
1,216,018 85
1,206,446 S3
1,203,825 98
1,200,746 98
Feh.
1,197,215 13
13
20
1,191,521 30
1,183,431 85
27
March 5 1,167.217 68
12
l,14«,570 43
19
1,140,227 99
26
1,145.088 40
April
2
1,139,789 11
9
1,136,910 67
16
1,127,319 34
23
1,119,273 72
1,117,593 40
30
7
1,112,644 32
May
14
1,106,459 12
21
1,095,214 80
28
1,094,564 56
4
1,088,574 93
i une
11
1,086,744 39
18
1,074,683 73
25
1,070,530 11
1,063,569 65
2
July
9
1,059,411 56
1,060,262 08
12
19 1,058,246 84
1,068,725 07
26
1,064,604 88
2
Aug.
1,060,574 27
9
1,064,206 83
26
1,059,574 99
23
1,058,898 85
30
1,036,698 86
6
Sept.
1,054,638 42
13
1,054,796 45
20
1,051,667
27
1,037,719 57
4
Oct.
1,047,390 49
11
18 1,047,327 38
1,048,244 68
25
1
1,047,070 87
Nor.
1,039,721 45
8
9
16
23
30
6
BUFFALO
DOMESTIC BILLS.
DATl.
1831.
10
54 War.
17
22 !
r
24
71
30
52
8*
10 Dec.
15
91
22
66
29
37
1332.
5
523,625 55 Jan.
531,601 20
12
534,704 95
19
567,894 49
26
2
577,547 04 •Feb.
9
569,363 59
16
571,120 40
23
571,609 86
29
584,219 79
598,070 64 March 8
15
617,341 31
22
614,275 11
29
620,7i9 46
5
621,914 20 April
12
627,863 68
19
637,543 05
637.658 93
26
625,842 18 May
3
626,572 55
10
613,214 14
17
24
626,349 07
610,199 81
31
7
614,276 08 June
14
628,633:37
615,146 27
21
609,415 12
28
5
610,930 94 July
600,043 68
12
604,760 70
19
599,376 97
26
568,032 52 Aug.
2
577,651 30
9
16
55f ,698 02
547,111 07
23
540,450 34
30
539,086 33 Sept
6
534,640 48
13
30
534,061 20
519,544 64
27
507,915 62 Oct.
4
508,656 62
11
538,923 17
18
25
558,759 62
569,934 18 Nor.
1
564,002 96
8
£74,74* 49
465,158
486,830
491,761
505,457
503,437
509,440
508,232
521,870
ACTIVE DBBT.
DOMESTIC BILLS,
825,720
835,205
796,834
794,690
749,474
760,430
742,402
717,827
86
07
65
55
02
40
57
90
281.067
280,069
278,170
275,650
287.323
279,707
279,137
282,209
691,137
660,639
650.7U1
614,062
603,182
601,635
607,731
604,359
597,310
600,698
613,536
650,059
646,711
672,417
693,876
713,955
730,982
749,969
746,639
737,018
723,874
710,024
708,705
706,142
733,498
72C.915
702,011
703,686
683,606
666,816
641,687
632,004
612,643
587,800
602,622
60t,291
603,651
629,664
632,463
640,670
646,627
651,906
65«,466
660,128
662,236
19
30
30
11
83
13
81
96
98
89
23
19
08
68
52
69
30
63
69
40
76
24
92
23
66
53
70
23
09
286,119 33
292,809 52
282,03^ 73
286,808 47
288,306 41
293,242 73
301,469
324.558 43
351.786 77
360,842 41
347,630 80
364,520 3»
370,083 66
387,709 45
368,257 *5
380,095 69
381,913 11
391,780 24
387,0"»3 70
390 791 80
388.564 40
397,913 2*
401,341 76
386,6-14 89
383,292 43
345,867 38
302,864 93
294,313 34
286,87d 61
285,656 19
286,578 52
286.738 53
287,567 7«
287,263 38
301,937 82
305,*04 54
997,305 U
311,«l6
319,065 2J
324,983 59
304,190 13
301, i75 66
301.69S '21
298,158 32
291,801 03
55
11
75
08
74
77
87
16
80
79
19
58
37
16
73
99
17
15
62
65
14
37
74
Doc. No. 8. 3
D—Continued.
BURLINGTOX.
ACTITB DBBT.
BATS.
1831.
STOT.
Doc
9
16
83
30
7
14
SI
88
1838.
Jax
4
374,358 30
379,740 04
3-5.094 67
404,704 38
405,702 89
422.132 57
451,364 61
455,534 44
UTICA.
DnlfllTJC BBBT.
BATB.
1831.
8
114.991 53 Nov.
15
132,435 97
83
133,.-.73 18
89
147,567 73
6
149,425 M Dea
13
157,770 81
20
164,670 81
87
163,043 43
M
455,655 63
3
167,543 83 Jan.
10
167 43
149,843 83
454,506 61
161,224 62
If
84
446,169 13
162,116 35
31
447,955 01
159,039
fcfc
1
8
7
451,16« 87
167,206 95 Feb.
15
14
446,253 37
177,983 95
83
81
449,109
809,348 58
89
87
448,539 53
813,364 55
tfarth
7
442,091 53
319,015 84 March 6
14
438,584 51
241,419 61
13
80
SI
424,651 87
249,573 91
27
88
422,557 71
242,248 31
Vpril
4
3
432,419 13
346,468 68 April
10
11
417,255 95
848,033 53
17
18
416,203 48
330,939 51 '
24
85
42J-.956 46
337,681 76
M,T
1
faj
s
456,977 93
343,192
9
8
447,318 07
348,094 64
16
15
443,453 71
356,046
33
22
438,602 33
881,631 99
30
39
434,944 11
860.417 88 •
5
uao
6
425,923 36
854,414 42 June
13
12
424,896 81
252,522 75
80
19
435,960 42
347,440 74
87
36
415,681 15
341,430 47
3
ulj
j
409,930 72
337,070 33 July
11
10
404,604 64
326,907 33
18
17
404,407 73
334,831 17
85
394,7o6 53
243,798 09
84
Logwt 1
31
3*8,48* 09
321,105 30
7
6
300..-4S 57
833,685 47 Aug.
14
15
834,718 43
350,643 39
82
21
381,836 9»
881,505 59
89
88
V>4,3»3 Cl
250,353 39
4
tfi.
5
353,234 93
86Q.716 88 SopL
18
11
148,708 14
263,314 67
19
17
355,067 08
276,359 91
36
85
353,263 75
365,106 50
8
kt.
3
356,215 34
277,794 70 Oci.
10
301,048 19
877,684 09
9
17
16
373,091 44
875,213 34
34
83
391,413 84
875,327 81
SI
30
408,269 56
366,719 43
6
r«t. for7 FRASER
411,925 48
K3.16J 65 *ifov.
Digitized
11
18
85
m
n
ACTITB M I T .
DOXKTIC BILLS.
620,183 37
635,419 22
632,389 01
630,064 09
612,989 48
594.337 02
586,020 32
606,622 20
103.453 54
99,733- 90
110,476 50
117,532 69
119,150 53
130.t - M
139,446 37
143,443 24
604.914 29
5S7.779 29
582,214 88
670,353 08
566,192 76
561,021 18
547,740 37
531,639 70
503,273 55
504,823 18
521,239 75
515.290 67
536,358 29
559,042 16
5S0.23O 62
607,313 77
633,394 30
626,636 44
625,738 13
615,224 20
615,203 84
615,405 41
603,640 20
582.339 27
566,748 72
554,814 31
544,021 10
636.666 81
518,865 39
613,148 15
512,511 09
502,891 62
497,582 62
492,527 51
484,803 97
493,181 60
496,976 03
5(i.->,339 51
506,399 99
506,935 99
514,680 *6
513,833 81
530,111 32
530,837 57
639,660 76
145,543 03
153,695 99
171.927 8*
171,511 88
178,754 53
1G4.7S9 7t
169,353 10
168,908 0»
177,001 07
!94r*43 18
188,510 45
194,413 53
204,504 5*
215,459 84
326,--! 55
233,592 85
240,978 90
841,876 35
843,888 43
83*,448 60
326,196 38
826,855 68
830,929 67
828,174 10
807,644 43
204,756 69
196,534 33
188,977 77
138,524 59
188,144
179,463 45
165,396 77
165,958 58
163,200 6«
163,«?9 67
161,633 69
158,727 23
158.121 8ft
163,586 8*
164,195 39
163,344 43
163,516 10
162,543 55
162,546 69
166,430 40
26
[ Doc. No. 8. ]
E.
BASK UNITED STATES,
Jlpri124, 1832.
The President invited the attention of the board to the subject of the early
preparation for the payments of the large amount of public debt payable at
the close of the year, and the expediency of adopting any measure*, in addition to the instructions already given to the several offices, in regard to the
payment of the balances due to the bank by them.
Whereupon, it was, on motion,
Resolved. That the Committee on the Offices be instructed to inquire and
report. Avh^1.her any further measures are expedient, in addition to those already-taken, for accomplishing the objects mentioned by the President.
April 21 > 1833.
The Committee on the Offices, in pursuance of the directions of the board, at
its last meeting, to inquire and report whether any further measure* arc
expedient, in addition to those already taken, on the subject of the early
preparation for the payment of the large amounts of public debt payable
at the close of the year, respectfully report:
^Hite'to/st t/r uAs year,' risspeciiuny "rtporv: '
That the instructions already given in regard to the payment of the balances dire to the bank from the several offices, have been examined by the
committee, und aro, in their opinion, well calculated to accomplish the important object to which they were directed. It apj>ears therefore only ne•cessary to recommend to the board the adoption of the following resolution:
Resolved, That, in addition to the instructions heretofore given to the M-V«ral offices relative to the payment of the balances owing by them, respectively, to the bank, further directions be given to use their best e:u!<-avorMo
bring their business within such limi'.s, so far as it may be done without injurious consequences, as to enable them to assist in placing the p-m nt bank
in a state of preparation to meet the views of the Government, as to the intended reduction of the public debt, continuing, at the same lime, its usual
salutary support to the business of tiie country.
July 27,
Mr. Eyre, from the Committee on the Offices, submitttcd the fallowing
report r.nt! resolution, which, on being read, were, on motion, sdop'e.l.
The Committee on the Offices, who were instructed on the 24th of Ar>r:l tait»
to inquire what measures were necessary in order to prepare f->r the payments on account of the public, debt, and who reported thereon at the
meeting of the board, on the 27th April, having ngain examined the m\>ject, beg leave to make a further repot t:
The Government having now announced, that, between this time »nH the
first o( January next, there will be reimbursed upwards of fifteen million*
of dollars of the funded debt of the Uni'cd Statrn. An the provision fur
these payments must be made by the bank out of its means now employed
in loans to the community, it is an object of ^reat anxiety to withdrawtheff
mean? •in such a manner as may press with the leayt possible inronvenienots
upon the debtors of the bank, and the country at large. In doinz this, the
•committee
think it desirable not to call for any further redaction* ot tho lo*a»
[ Doc. No. 8. ]
27
of the bank in the western and southwestern offices, but simply to avoid the
creation of any new debt. The purchase, for instance, of domestic bills at
the distant offices, tends to throw their issues on the bank and Atlantic offices,
which thus become in advance to the offices purchasing these bills, until the
maturity of the bills furnishes the means of repaying the debt to the bank
and Atlantic offices. Under ordinary circumstances, this advance is not iu
convenient, but the contemplated payment of the public debt at the batik and
Atlantic offices requires so large a portion of the means of the bank at those
points, as to render, at the present moment, any considerable advance to the
interior offices inexpedient and hazardous.
The committee, therefore, trusts that the bank will be able to accomplish
(he ebject of paying the debt without making any further reduction of its
loans in the interior than has been already ordered; hut they deem it cf essential importance, that, for the present, and until the heavy engagements of
the bank have passed, the distant offices should not increase their business
and their issues. For this purpose, they submit fur consideration the following resolution:
Resolved, That the western and southwestern offices bo instructed to decline the purchase or discounting of any domestic bills of exchange, except
when it may bo necessary to secure a debt already due to the bank or the
•SSBtJl
F.
September
2\, 1832.
The President laid before the board a statement of the amount of the three
percent. Stock of the United States, to be paid off on the 1st October, and
explained the attaation of the bank and offices in relal m thereto, showing
the ample resources which have boon accumulate*! to meet the payments at
various pointy by means of the policy which ha*, been pursued for some time
past- He tuggssted also lothe board the propriety of .considering* now that
the bank occupiCJ -o favorable a position, whcllu.T bOme relaxation in that
policy mishl not l>c advantageously n;ade.
Whereupon, it was, on motion,
Resolved, That ihe Committee on the Offices be authorized to modify the
instructions under which the offices of the bank have been acting, at gueh
points, and in such manner, as they may deem most couducivc to ihe inter*
«*t» of the bank.
October 4, 1833.
The President stated to the board, that the Committee on the Ofiiccs, under the authority given them on the 21st ult., in consequence of the strong
position which the bank now occupies, had deemed it advisable so to modify
the instructions lo the offices at Lexington, Louisville, St. Louis, Cincinnati,
•!»l Pittsburgh, as to allow them to check freely upon the bank as heretofore, and to extend their purchases in domestic bills, based upon real business
transactions, and having not more than lour months to ruu to maturity j and
«»at instructions had been given accordingly.
Extract from the minutes.
8S
[ Doc. No. S. ]
6.
Report of th* Commit It on the general state of the Sank and OJUa
November 23, 1332.
BANK UNITED STATIS,
November 30, 1832.
It being the order of the day, under the resolution adopted on the 9thinst.,
to take into consideration the situation of the bank and its future policy, the
President explained in detail the course of its operations during the past year,
and the instructions under which the offices are now acting, accompanied by
various statements from the books of the bank, showing the amount of its
investments at each point, and their gradual diminution; the amount of its
circulation and specie; the progress made in the payment of the public debt, &c.
Whereupon, it was, on motion,
Resolved, That the subject of the state of the bank, with the papers submitted by the President to the board, be referred to a committee consisting
of the non-resident members now present, viz. Messrs. Carow, Campbell,
McEJderry, Gilmor, and McKim, in conjunction with the Committee on the
Office*.
November 33.
Mr. Eyre, from the committee appointed on the 2Cfh insL, to take into
consideration the situation of the bank and its future polipy, presented the
following report, with the remark, that it had been unanimously adopted by
the committee.
The committee to whom was referred the subject of the state of the bank, presented this day by the President, together with the papers submitted by
him to the board, respectfully report:
That, after hearing the explanations made of the situation and prospects of
fhe bank, they do not think it expedient to propose any change in the general system of its operations. The tendency of its measures henceforward,
should, in the opinion of the committee, be to place its business in such a position, as while it is perfectly safe in itself, might be readily changed, so as
to enable the institution either to continue and increase its operations, or else
to close them without inconvenience to the community. For this purpose,
the discounts of the bank should not be increased, but, ns far as practicable,
they should gradually and gently be converted from local discounts into the
form of bills of exchange; an investment generally more secure, as well as
more easily reduced, if required. The concerns of the bank have been (or
some time passing into that channel under the instructions of the board; and,
upon revising these instructions, the committee think that nothing more is
necessary than to persevere in the course prescribed by them, with such modifications as experience may suggest to the board. This opinion, the result
of the examination confided to them, is contained in the following resolution, which they respectfully present to the board:
Resolved, That it is inexpedient to make any change in the present system of the operations of the bank.
Extract from the minutes.
& JAUDON, Caihitr.
[ Doc. No. 8. j
29
H.
Bxtract of a letter from P. Benson, Canhier of the Office Cincinnati,
to S. Jutuion, dated November 21, 1632.
Our discount line does not go down as fast, I am afraid, as the parent board
wish. The truth is, we have had a most disastrous fall. The cholera raged
here so violently from the beginning of October until within a few days,
that the business* of the place has been thrown into a confusion that it will
not recover from for some time. Our board are struggling to get it down,
nnd we hope to be able to do so soon; but, at present, it appears to be impossible. As fast 35 good bills of exchange are offered to be applied to discounted notes, they are purchased. Further than that we do not feel authorized to go under oar instruction*; and until we can get iunds trorn our income, we are refusing first rate bills, as we do not feel authorized to increase
the total amount of our discounts. The Commercial Bank is not interfering
with us. I believe we could control the whole exchange business, but
the bills offered now are for new operations principally, and we cannot at
present get them applied as we wish. The demand for money for the winter operations in produce, as well as for eastern acceptances, is enormous;
and we shall have a severe struggle for some time to resist it. In the mean
time, you may rest assured we will do all we can. Our board are anxious to
comply with the wishes of the pareut board, and I think determined to do
fo. If we can gradually, as I think we can, transfer a large amount from
our discount line to domestic bills, we can easily keep it there. By the
close of the winter, I hope we shall exhibit a statement much improved in
this respect
I am, very respectfully,
Your obedient servant,
R. BENSON, Cashier.
S. JATTDOW,
Esq.,
Cashier Bank U. S. Philadelphia.
I.
OFFICE BANK UNITED STATES,
Louisville, 18M November, 1S32.
DEAR SIR: Your letter of 10th instant contain* views and suggestions in relation to our business, which do not surprise me. In truth, the increase of our
domestic bills induced me to expect such a letter as you have written. We
have been, and still are, in a situation of peculiar delicacy, and believing it
to be not only the desire, but the interest of the bank to sustain all houses
which are supposed to be solvent, we have found it difficult to attain that
object without, for a time, exceeding the point where it would seem prudent
otherwise to stop.
A large proportion of our bills were purchased to enable the parties to
»neet their obligations sent here for collection. The amount of such collections has been at least four millions of dollars in the past year, of which
•bout one half came from the Bank United States, and the office at New OrIeau8 The greater part of linl deb! \\
I by the purchase of mcrchan
so
C ^oc* ^0# 8# 3
dise, groceries, &c, which had to be resold here on time for negotiable noles,
which could not, under existing rules, be discounted; and a part, groceries
particularly, have been shipped to Cincinnati, Lexington, Wheeling, and
Pittsburgh; thus forming the foundation of many of the bills on those places.
By a hasty estimate, the bills collected for the office at New Orleans,
amounts, for the past 12 month?, to upwards of $51,300,000, and a large
amount is still on hand coming to maturity; these, I presume, were principally for groceries, and will give you some idea of the amount annually sold
nere. The consumption of this place and neighborhood is, of course, not very
large: the residue must, therefore, be sold to the towns in the western country. Add to this, lead, tobacco, and cotton, in large quantities, rent up the
river; pork, whiskey, and flour, shipped to St. Louis; dry goods, groceries,
bagging, and bale rope, to Nashville, and West Alabama; castings, bagging,
bale rcpe, flour, and pork, shipped to Mississippi—the bills on those poiati
will be in a great measure accounted for.
Louisville has become the great mart for the western States: some gentlemen undertook, about a year since, an estimate of imports and export*, derived from the books of our merchants and dealers. The aggregate was upwards of 13 millions during the preceding year; and since that time it has
been greatly increased. This, you will sec, forms a large field for exchange
operations, particularly as we have no competition. I do not mean to s*»jr
all our bills have a real business origin: we are doubtless often imposed upon by fictitious transactions, but I beiieve not to a greater extent lhau such
institutions are always liable to.
The first order to curtail our operations was received on the 1st February.
Since that time our " bills discounted" have been reduced more than half a
million: more than three millions of collection paper has been provided for;
and a considerable sum has been recently advanced in the flour transactions
of the country; but the aggregate of our business now stands nearly where it
did in February. In prospective, our situation is this—our bills arerapidlj
maturing, but the large pork business now commencing, and the tobacco
and hemp exports after that, will, if sustained, require nearly all those funds.
There is still upwards of a million of paper now in the office for collection,
principally on account of the bank-and its branches, which, with our gradual,
but regular curtailment of discounts, will, for some time to come, absorb all
the means the country can command. We do not hope, therefore, to make
any material diminution of our business for several months: it may probably,
for a time, be a little increased.
We have looked with great solicitude on the situation of this country, and
the deep stake the bank has in its welfare. Encouraged by the excessive
importations at the east, our merchants have been induced to purchase more
largely than their own means, or the necessity of the country required. Henco
the embarrassment which now exist", and from which nothing but the indulgence of the bank, and the aid of one full year's products of the country?
can relieve them. It seems to me all important that every solvent person
should be sustained. Their purchases have lately been, and will continue
to be. much more limited. The produce business promises well, and, if encourr.ged, will afford infinite relief, and a few months of prudent operations
will piace us beyond danger, and leave the people in moderate but easy circumstances.
These are the views which have governed our movements, and eight
months' experience convince us that it is the only means of extrication. We,
[Doc.No. S.]
31
of course, look only to a very limited sphere, forming but a speck in the
great commercial atmosphere to which your attention is directed. We do
not ask to be made an cxception»to any general rule, but only that you will
give us as much latitude as circumstances will justify. The chief capital of
tfie west is the products of tr"»«oil. To that source we must look for payment,
and a proper encouragement of its exports not only tends to itfl being fully
and speedily realized, but places the proceeds in the hands of the bank, io
proportion os its facilities arc given.
I assure you we will do all that circumstances will justify, and if we do
not meet your wishes promptly, the heavy load of collection paper, with
which we are hunhened, will, I hope, be viewed as some extenuation.
JACDOS, Esq., Cashier.
K.
Extract of a Idler from J. Carrey, Cashier of the Office at Pittsburgh,
to iS'. Jnudan, dated November 17, 1«32.
"In reply to your letter of the 10th instant, I remark, that the bills purchased in the west, are founded on transactions, and that the amount could
not be lessened, at this ti:ne, wiihoul inconvenience to our customers; but,
ui a few months, I have no doubt, the operations here, in exchange, will b»
as limitrd as may be desired. Our manufacturers arc diminishing their products, because the office is more cautious in its loans, declining all new notes
which arc not payable at maturity, and of a business character, and calling
in, by regular reductions, those on time heretofore discounted.
This course will, in a measure, arrest the operations of our producers,
and as they will not have the articles, we shall not sec the bills which,
under other circumstances, would represent them. Withholding cnpital to
aid in production, is better, in my opinion, than to decline collecting the
value. For this renson, I would prefer lesscniugour local loans, in the first
instance, rather than the purchase of bills.
Should it, however, be found that our line of hills of exchange does not
diminish, as expected, it would be well to fix a shorter limit, as to time, say
ninety days. The west is oar principal market: hills to ho genuine must bo
drawn on her. We cash all good eastern drafts which are offered.
I enclose a list of hanks whose notes arc received at our counter; and remark that those cast of us arc sent to Philadelphia, Baltimore, and Washington, for our credit: those in our neighborhood and in Ohio, are all redeemed by agreement at this office, without any charge. Of the amount on hand,
by the List statement, (5255,335.) £51,010 are notes of eastern banks, and
$201,325 of western. The latter have, at their credit, to provide for their
issues, $186,ISO 29, leaving about 815,000 unprovided for. I do not
think it desirable to make any change, at present, in the receipt of western
notes, and request your instructions as to t!iose in the cast.
Keeping in view the necessity of lessening the amount of the liabilities of
our customers, and refusing aid to new establishments and operations, I
think we shall be able to meet any reasonable contingency, without much
loss or embarrassment Our community, in a commercial point of view, is
tound.
We estimate all our transactions, for twelve years past, as perfectly good.
I am, very respectfully, your obedient servant,
J. C0RREY, Cashier.
8AM'L JAUDOIT, Eaq., Cashier Bank U. S."
32
[ Doc. No. S. ]
Extract of a Utter from the Cashier of the Office at Lexington, dated
November 20, 1832.
"Under the present state of affairs, I cannot but deem it a matter of much
gratification, in viewing the statement of the situation of this office, both as
to its debt and circulation. Our aggregate debt, active and inactive, is now
#33O,COO less than it was this day twelve month, and our circulation is considerably reduced. Our board of directors have consulted the interests and
safety of the institution, and have only extended facilities for small loans,
and at short dates, to sustain business men, and have kept a steady eye to
the great point of reducing all large accounts, and requiring additional security; a policy which I have no doubt will meet with entire approbation."
JZztract of a letter from the Cashier of the Office at Nashville, dated
2lst October, 1832.
" For the two last seasons, my attention has been steadily applied to the
lessening our note business, by a substitution of bills to the amount of such
reduction; but in this, I have not been so successful as I could wish, because
h is the interest of the merchants to counteract this policy; and therefore,it
is, that we neither get as large an amount in bills, or payment in money, at
we had a right to expect, at the originating of each operation. I am decidedly in favor o( our bill operations, as being the most profitable, and by far
the safest operation. Of the truth of which, our operations in Alabama, for
the three last seasons, is positive proof. The whole of our business within that
State, for the two last seasons, have been wound up within the season, without any other difficulty than such re-drafts as the loss of crop necessarily produced, but all such operations are solvent The unexampled scarcity of
money in both Alabama and this State, and our refraining from duing business wherein money is to be advanced on either note or bill, has compelledus to discount safe bills at six months, to enable debtors to the Orleans and
other offices to meet the paper deposited with us for collection. In this wayhave all the bills been paid, which were remitted to us for collection from
the Orleans and other western offices, since the month of June last. This
course of business lias, of course, deprived us of 5 to 600,000 of our funds at
Orleans, which was intended for the parent bank, but which we had to reserve in that office to meet the bills thus remitted for collection, However,
we will have that amount ready for the parent in the spring. This operation has swelled our domestic bill account very much, without lessening the
debts due to this office very sensibly as yet; but, in the course of the monthi
of November and December next, we will get, as I hope and confidently
expect, a pretty large amount towards the payment of notes now under discount.
It is reported here, with much confidence, that the Louisville office has received instructions to discount bills for money. If this be true, then allow
me, with becoming and due respect, to solicit similar instructions to this
office; for I assure you that no portion of the Union contains a more suffering
population, for lack of circulating medium, than docs lhat portion of which
this ofT.c-; is the focus; and one of thn eviis produced by that, distress, is the
chartering of a local bank ia this State, by the Legislature now in session;
[ Doc. No. 8. ]
33
which charter you will find in the Banner of yesterday, which I have addressed to you. The friends of that measure calculate on raising, with
great ease, from thi c:»j>i»ali>ts to ea-tward, p;u tirulirly in Hoston, the whole
amount of the bonus l o b e issued by the State under that law. The law
pasted contrary to my expectation*: and, from the proent scare : ty of moni y,
is likely to become so great a favorite w ih ihe p<- >;J1L- at targe, as to fill the
subscription for the pnrpo.se of getting it organised; ami then, if subscribers
cannol pay the second and other inialweoW, the board of directors wi.l. as
I believe, follow op the former customs of this State, on similar occasions,
by discounting the stockholders* paper in >ome way or oiher, s-o as to get the
bank in operation, when discounts will be grained with such a lavish hand
as to fill ever\ debtor's pocke s with thtir notes
The st-quel of the five
years' operation of that bank, should it go into operation, will prodncr a si;de
of things, and of distress, that none of its friends now dream of
My experience in the former local banks of this State, enables me to foresee the consequences that will inevitably result from the operations of such a bank."
M.
Extract of a letter from S. Janr/on, Cashier, to E. Shippen, Esq.'Cashier
of Office of the Bank United Stales at Louisville, dated November 10,
1832.
" With a view to our future instructions, I should be glad to receive from
you an explanation of the business upon which bills drawn upon St. Louis,
Natchez, Nashville, Lexington, Cincinnati, Pittsburgh, and Wheeling, are
founded, and how far the purchase of such bills could be restricted, without
producing injurious consequences. The last instructions given to your office,
respecting the purchase of domestic bills, authorized the course which you
have pursued, but the amount has exceeded our expectations."
Extract of a letter from S Jaudon, Cashier, to J. Correy, Esq. Cashier of Office of the Bank United States at Pittsburgh, dated November 10, 1832.
" In examining the returns from your office, our attention has been drawn
to the large amount of bills purchased on Cincinnati, Louisville, St. Louis,
Nashville, and Wheeling. Are ihese bill founded on real business transactions, and could not the amount be greatly reduced without inconvenience
to your customers?"
" We have now arrived at a point from which it may be prudent to take
afresh departure, after a careful review of our situation. This we purpose
to make very soon, and are therefore desirous of understanding, fully, the
concerns of your office, not only upon the matters now inquired into, but
a
'l others that you may deem it useful to present."
5
@FedFRASER