Newspaper Page Text
«al nvroiv.
m'lrtv.a 1 '’Buwwm.n.'W- 1 »*■*’*"'
VOLUME 2--NO.
14.
MIl.EEDGEVir.S4E, GA. THURSDAY, OCTOBER 13, 1831,
WHOLE NUMiill
EDITED fiY
J. G. FOLKH.I* & i. A. CF THEE NT.
georgias
By li/s Excellency George R. Gilmer, Go
vernor andCenunander-in-Chief of the Army
und JVavy of this State, and of the Militia
thereof:
A PROCLAMATION.
Notlcf br 'Executors and Atimmmr?tor= *.or Dentevs-an I'redi-j wf . > i have received official information
tors to render In thert accounts, must be publishr-d t-.l V AVKEJ^. j V # that WYLY ANDERSON, did, on the fifth
Negroes bv L-vOfUtors aixl >VojEini=.ra.oio must I 2 <t(l- »• r s . ; • , * . * , ...
venuuxl dixtfV days before the d »y ofs.Je, j day cf August last, comn.a murder on the body of \\ ill-
3 lies 6f personal property <e\ccyt negroes» of testate sn.l intes- 1 -am G.vocfoon, in the county of Habersham, in this State.
.roRWOA^a . JE " CIUU " aUa AdmUUStial0!S ’ ,nusl be aUveU;fcd ! Now in order that said V/YLY ANDERSON may he
Applications t.v Errcoitors, Administrators anP. Gnardi.ms to tlie l bronchi to j;is. ice, I have thought proper to issue this my
Court of OrJinavy for leave to sell Land, atw he published 10LH j Proclamation, offering a reward of T vVO HUNDRED
Applications by Evecutors and Administrators for Letters Dismis-1 DOLLARS to any person or persons who may appre-
sory. r,i! ist be published bix months. ] head and deliver him to the Sheriff of Habersham coun-
Ar»>iications for Foreclosure of MortEnscson real estate must be
aCvortisodonce a month for SIX MO.N'niS.
stales of real estate by Evecutors, A IminiStrotors and Guardians,
inust be published SIXTY DA VS before the day of sale, 'i lies.:
"sales must be made at the court-house door between the hours of id
in the rue nunc and 4 in the afternoon. No sale from day to day is
’Valid, unless so expressed in the advertisement.
Orders ol" Court of ordinary, (accompanied with a ropy of the
bond, nr agreement) to make titles to land, must bo advertised
THREE MONTHS at least.
Sheriff's i.tles under exectit’ons regularly printed by the courts.
Bntnst be advertised THIRTY DAYS—under iuonpige c'editions,
-SIXTY DAYS—Halos of perishable urt.perty t.ndot order of Court,
Unust be advertised, generally, TEN DAYS bolero the day of sale..
AH orders for Advertisements will he puna u.iHy atisiirtcd to.
'.‘Ail letters directed to this Ofiioe, or t-.o Editors mast be poet-
>i,;Hid, to entitle them to attention.
FINANCIAL.
FOT.K DAY’S MEETIKU.
FOUR Day’s Meeting will be held in the Melhc-
fiDt L'kareli it MilJeugevilie, coiunenciivy on
•ip.iay, the. 15th ofOctober next.
A
J OHN ft. WCOTAn rospcctiuiiy tenf.e’« J
to the citizens offialtlwia t>. uty as a Candida
the Clerkship of the Superior Court at the ensuing
tion * t January next.
ty—and I do hereby require all officers civil and military
in this Si ne, tc aid and assist in the apprehension of the
afo-^sald Wyly Anders-on.
Given undey my haml and the Great Seal Cfthe State,
a ? the State-House in Milif-dgeviile, this fourth day
of October, m the year cf our Lord, eighteen hund
red and thirty-one, and of American Independence
the fifi-y sixth.
GEORGE R. GILMER.
By the Governor:
Evehakd Hamilton, Secretary of State. *
'CJ* W'y’y Anderson is a small man, black eyes and
hair, quirk spoken, Ac. and lias been charged with the
commission of many crimes. . 2t
HEW PittE PROOF
ers who own sums of and under $51,000, amount
ing to $812,300—that 2865 arc ^stockholders of
and under $5,000 amounting to $4*601,600; being
nearly one-tourth oftise whole domestic siock.
J?EPOI?T
Of the proceedings of the Triennial Meeting of
the Stockholders o f the "
Held according to the i
venth section cf the charter, at Philadelphia, on L 4 . - , , .
the first Jmi r,e i £*( •* ecuto”s, and by religious, benevolent, and ouier as-
ihe first day of September, 1 S31.
/ ‘
hoi
tl
d
A. M.
Stephen Girard, Esq. if tlie city of Philadel
phia, was called to preside, a*d
Jojin Potter, Esq. of Sou ji Carolina, appoin
ted Secretary.
Nicholas Biddle, Esq. tV President of the
Bank, on behall of tiie Board cl Direciors, submit
ted the folio win o*
iEE2M>I£T;
The Board of Directors of the Bank of the Uni
ted Stales, in compliance with the 13th Article of;
the 11th Section of the Charter of tim Bank, which j
declares, that “once in every three years the Di- '
sociationA
Capita! thus owned is divided for the pur- i
That tins sum will be fully adequate lorthe pur„
pose will be apparent frem tnc tact*,
1st. rhataaiongst the estimates of loss is $2 36,*
829 77, lor the i<»sscs ol the Agency at Cinc nnati,
1 ’ tirely retrieved
Estate there.
ie debts at
the lour western oil ices are expressly appropriated
; to the increase of the Fund. And
Sd. That something may yet be received f ont
••g, l »» E i 11 V t* » V 1/tllVt/O*
Portland!
Fayetteville,
Portsmouth,
Charleston,
Boston,
Savannah,
Providence,
Mobile,
Hartford,
Natchez,
Buriinirton,
New Orleans,
New York,
St. Louis,
Utica,
Nashville,
Buffalo,
Louisville,
Baltimore,
Lexington,
W ashington,
Cincinnati,
Richmond,
Norfolk,
Pittsburgh.
j suspended debt, now amounting to $1,433,761
2d. The Real Eslpie—
fThtj tobal amount of Real Estate
received in payment of debts
up to August 80th, 1822, was $587,102 33
It has since ieceived in like man
ner 2,942,828 23
And sold what had cost 1,038,037 62
1,904,790 61
2,491,892 93
Making the present amount
Tins amount is the price at which the Real Es
tate has been taken, and experience warrants tlie
__ The number of Offices established in 1617 was ' expectation, ihat it wiU be sold tor more than it3
rectors shall lay before the Stockholders, at a gen- j eighteen; since then two otiie.es have been discon- £ost.
eral meeting, lor their information, an exact~ En j: tinned—Middletown in Connecticut, and Chiliico- The general result of the condition of the Bank
particular statement of the dehis which shalllnve tlie in Ohio,and nine others have been established, is,
\ev eon! nine to it ansae
1 R,^ J C arc st’.ehoriztd to nniiounce BIr. LEVv li> J. Vv •
V ijr KRAA T’/. a candidate lur Clerk of the Ji;icnor
Court of Baldwin county. Aug 4
the FACTORAG
its branches.—
I] a*e
% V H. SI
A”s; 4
authorized to rod
‘ill'll a candidate
.■>r Court of BaIuwhi coiuity, at tlie next elect mil. _
ITL arc ixq icsied to uiiuouncc U.t name «.f W 1L-
I.IAM D. SCOGGIN, Esq. ns a candidate fur
T.hcriff of B ildwin county, at the next election for coun
ty officers. N< v 6
^ L p
Collec
tor of Baldwin count}', at the next elec ion. June '.3.
i: are authorized to announce JAMES CUNL,
v W Esq. as a candidate for Tex Coilccior.of Bald-
TK E arc nTitliori-ed to announce BAR it A Li
W v STUBBS, Esq. as a cuaiid.ee for 'i’ax_
them, that
& COMMISSION BUSINESS in all
They are now erecting a cc-mmodicus fire proof Ware- j imperfect view of the situation
Ih.ise und Close Siorcs, on south side Broad-street, a lit- | |3 oan } c f Directors o*!adiv avail
tie below the upper Market, which will be in readiness ^
.» tv a I- p a Ncrr-T I *>V fast September for reception of Cotton and AIer- i • •. . • 4 . .
( i !>- r, ; C1 I AND I SE< I estcd mils prosperity, to explain minutely the whole
' Being in every wav well prepared to serve customers, ! “htle of its a..lairs. I o this luey will accordingly
and intending to use due diligence for their interest, full j proceed.
reliance inav be placed in the faithful dis charge of busi-. The Capilal of the Bank consists of 350,000
ness intrusted to their care. i shares, of which 70,000 are owned bv the Govem-
Tlieir Commissions shall hr at tlie recently reduced j ment of the United States. The Government ori-
, ginally provided fir its subscription by in vine* to
Au:. r usia " ‘ * ‘
fourteen years.
These points were selected out of applications
from thirtv-eiuht places. There are now under
j therein required.
■ As, however, these documents present only an
of the Bank, the
themselves of the consideration applications for the establishment of
presence of so many respectable gentlemen inter- \ Branches from more than thirty places in various
parts of the United States.
The employment of the capital -will be seen in
STOVALL & SIMMONS.
August 1st, 1831. 4 tldcc
j:jL'*Le J&.
OSIAGE
w
u ovunqv, at tlie election in January next.
Au::u v du
w
Tn Bail
E are authorized
I'l-rj. a canaiuatc
\vin, attiie cicctio
i'.ounce VV . C. I’OV\T.LL,
lU'ceiver cf Tux 1? rturn.5
i ami ary next. July i8
e subscriber will con
The subscriber w ill corn- Tp~~ . pj
mence the above business C • * v "
in AUG USTA, on the 1st
V V lor iicceiver o
t\ in January next.
J F/ \ K IN H
ax ILutun
; a cancidaie
aiiiv% In coun
Sept 1 a
5ih FliOURKOY,
[lVidovs of H'm. H. Flournoy.)
AS taken a SCHOOL K'.K’.M a" .Hi
nearly opposite Mr. IJumpukh}';, wi
Vickers
-teaca a select numher, not exceeUm,
ing branches of Female Education^
CC:' :
Heading, Vv riling, Err lisli Grammar.
Plain Work, ' - “ -
Gc.agraghy, History. As’ronom
ft
fifteen, the failcw-
tiie annexed p; :-
*>Sld
jay of September
and veil] devote his time exclusively to the interest of Ins
friend-'. -> !■<> may patronize him.
All COTTON cent other PRODUCE, cr
sent to him for Storage, will be siored in a first rate FIRE
PROOF VV ARE-HOUSE, attiie customary charges.
All orders to him previous to his arrival at Augusta, d -
reeled to the care of John C. llolcoirbe, will meet with
prompt attention. His Office, for tlie present, is at the
first door above Holcombe & Camp field’s Ware-House.
ARMSTED RICHARDSON.
Augusta, Aug 2.1 7—tf
iiosonliv, Belies Letlrcs
rncn’al VV ovk,
Hi a vv ing and Pain! ing,
Kiuiiroidery, -
F* nch Langtmrc, (five
■- aturru
and Orna-
! )
per week.)
- 1
Alusic, (five lessons j -
Use of the Piano lor Practicing,
As the most devoted attention will
.duct, neatness, £:<*., as wail as men
4,1 mse pupils confided to her, paren t
,requested to visit the Ech<x>l tw ice a month and jv.i-ge oi
-.their improvemer"
Aliilcdgevi
T
Augnst lsf,J1831. 4—df
"'Atc iiALii.
Mao
A PHEIv'j.I’uBS: or 100 pc
^XJ iL.U be pa"■■UXi.r a
V ^ be erected m tin
building to be fire-proai
■na n; story lobe ofstora
P
to
F A INiASCKI r it/
towu of Milledgcvilie. Ti e
-three stories high, thebase-
the oilier stories of brick—to
d>e placed on a corner lot fronting south and tecst. Base-
meut story to be occupied for stores—cost not to exceed
$15,000.
The plans to be dirccte
GROCERIES
.y.vu
tJ. VD “A V ^
JE sube.cr;:.e:s >.eg leave to inf m their fiicnde
and the }>u! lie generally, that they have connected
themselves in die above line of business, under ti.c firm
of KENRICK Si. V'ALKER. Their store is situated
on the north side of Broad-street., immediately m front
2 j of the Planter’s Hotel, where they are receiving trom
; the con-1 Ncw-York, Philfdciphlannd Bos on,
GE O 6EJUES cf HARD WARE,
Vvliich they wniseU. • w. .approved paper.
Qj£ aTILMD
500 Pieces Hemp m u ^u-encau Baling,
luO Coils Baie Rope,
IQJii lbs. Bagging Twine.
B. F. TEN RICK.
SANDERS V/AI.KER.
Augusta, Sept. 8, 1S31. 16 -hn
d improvement oi
and .guard.ans are
r its subsci iption by wiving
the Bank a stock bearing interest at live per cent.
This stock has been for some time in a course of
redemption, and in July last the whole of it was
reimbursed, so that the Government has now fuiiv
paid for its shares. *
In receiving the individual subscriptions for the
2a0,€ r 00 shares by so many Commissioners, and at
so many distant points, there arose some errors
Hhioh cVised 9 deficiency of a few thousand dol
lars in tlie capital. After rectifying these errors as
faras practicable,it was deemed proper in July last to
supply tiie deficiency, amounting then to $3,730
3 f Bom the general funds—so that the capital of
Maine, : ; :
V ermont, : :
New Hampshire, :
Massachusetts, ;
Rhode Island, : ;
Connecticut, : :
New York, ; ;
Hew Jersey,
i t nrra^v iv um**j
Delaware, . ;
Maryland, : :
District of Columbia,
Virginia,
North Carolina, :
South Carolina, :
Georgia, : ;
Ohio, : : :
Kentucky, :
Tennessee, * :
Indiana, ; :
Illinois, : : :
Louisiana, :
Arkansas Territory,
Foreign Stockholders,
United States, :
to the Secretary cf the Be,
!!e Masonic I hill Lcl-
of Commissioners of tlie Milledgevdle M ason/' I an! Let
tgry, on or before the l.-f day oi t.nvombern^xt.
R. A. GREENE, Secretary.
?JiiIledgeville, Sept. C, 1831.
p. S. Brick can be purchased for $4 50 per 1000—and
stone for S3 00 per perch of 25 ffieU
' *.* The New-York Courier & Erqu “
XJiarleslcn Donrli* r . will
van! ihf.ir r.cco iuls lot i>o)
Sept S 3 If .
’ " LAW.
ITm. II. Unde) f ood 4- Henry L. Sims,
AVE united their Professional nr,
counties in the Vi'esrern Circuit,
of UNDERWOOD
will remove to Gain*
of the firm may at ail times be found.
Gainesville, Sept. 25. 1631. 13—2m
/ CIJtHbKRT Ik PO!j£iILc£j
M 1VE Opened their LAW OFFICE at the Om
missior.er’s Hall in the market-house, Milledge-
viilc Georgia. One of them is always to be found there
ready to attend to professional culls.
1 p.j .y wffi practice iu tiie following Coiuilics ana
-cjEts:
ERSONS havi'.g accounts against the JlStZtdgevffle
.'■Jo tonic Hall Lottery, will please present them fi r
t | payment, within ten davit t'r:-m this date.
By oruer, R- A. GREENE,
Secretary to Commissioners.
IvFlledgoville, August 4,1S3T. 4—
s is now entire. This
stockholders as follows:
N July, 1831.
14 AMES.
SHARES.
14
498
2
27
: 23
501
208
10,812
: 38
1,215
61
1,511
: 439
32,903
Q27
39
1 ,M 3
: 623
34,503
63
2,814
276
12,384
39
2,476
735
40,674
42
1,991
: 15
705
252
: 4
233
2
50
o
220
17
i 39
: 1
42
; 466
79.159
70,000
000, tiie estimate of those losses.
I iiat toe re is a surplusiund of profits amounting
to $1,750,000, being five per cent on the Capital.
And tlial with these.provisions against casualty,
its profits, after defraying its expenses and making
an annual reservation of $120,000 to extinguish
the cost of tlie Banking Houses, jieid a dividend of
following statement of the condition of the [ seven per cent, a year.
But gratifi ing as tlie prosperity of the Bank may
he to the stockholders, it is an object, of more ner-
ai concern as being the result of measures in the
a,407,68i o' 5 j siicccss of which the comrmmiiy lias a i.eep and
! permanent interest. The importance of uu se will
justify a few words of explanation in nw-a.d to
j them.
55,733,936 jo I The Bank of the United States was established
2,491 js92 ll ;^ or In j purpose of restoring specie payments, which
’ ’ ’ " Jhad for aioug time been suspended thro::giu..i:t a
27.4ao.3w 4s|g r eat part ol the country,—of iurnisuing a sound
Bank on the 1st of August.
DR.
run ted Debt, vnrioivs.
Rills rtiscountcd cu Personal Scrti-
rity, 41,085,238 70
‘ Funded debt, 13,700 oo
‘ rank stock, 779,458 07
Domestic Eills of Exchange,
Foreign Ellis of Exchange,
Real Estate,
Duo from Brink l T . States and offices,
• ‘ Elate Banks,
« 1 United States,
Deficiencies,
Banking Houses,
Expenses,
Cash, viz. Notes of the Band IT. States
and Offices,
• ‘ ‘ * State Banks.
1 ‘ Specie,
-42.394.458 77
14,409,479 72
24.586.664 94
2,303,402 61
13,412.176 44
2,050,442 S3
11,015,116
•5,257 32 (circulating medium, and of giving more umlbinuty
i,lcm55 541 lo the exchanges between distant sections of vt.e
* "66,713 54 Union. By importing more than seven millions of
specie, and by a free issue of notes immediately af
ter its establishment, tiie Bank with great sacrifi*
Yorr
IS avy
r arc-.
Agent, Norfolk,
-27,037,735
110,336 63
40,144 17
113,993,3^3 54
b/ettq
ro-J l l i d
4,145
350,000
CR.
Capital Stock,
Notes issued,
Discount, Exchange and Interest,
Foreign Exchange Account,
Baring,Brothers & Co. Hottinguer.
St Co. and Hope St Co.
Dividends unclaimed,
Pp/vfit on«l u
E ontuigent Fund,
css losdcs chargea
ble to contingent
Fund,
Due to Bank United
and offices,
Due to State Banks,
5,013,173 15
35,000,000 00
35,311,623 96
476,96*5 51
137,719 56
168,372 72
251,766 03
.750.048 51
3,452,976 16
24,096,838 37
2,771,656 00
Redemption of Public
Debt,
Deposites on account
of the Treasurer of
the United States,
Less overdrafts and
special Deposites,
2,160,19G 99
■ 26,563,544 37
483,147 46
Of Public Olu
i Individuals*
5,503,924 28
23,420 09
5,477,504 19
1,291,597 77
9,115,836 47
er, Ai’guf’a Courier, anJ
II "ive tho above three insertions r.n.l for-
t. It. X. CUEr.NL,
Secietary-
for all the
under die firm
c RIMS. Av'ilitarn H. Lnderwofid
to Gainesville in Dc«*cni’eer next, where one
Tlie progress of this division of tlie Stoe
lie perceived in ili«‘ following s!w!c!>:
will
15,884,938 43
CL-
Qcmzlgee Circuit........
BALDWIN,
JONES,
PUTNAM,
WILKINSON.
f BIBB,
CiiadU- |
Cliatahcochic Circuit ..TALWilT.
Southern Circuit jq ELF^YIR, Ac.
MLUUe Circuit WASHINGTON.
Milledpreville, June 23, 1 j31
VRGROVE A WALTHALL are practicing Law
in connection. They will attend the Courts in the
’A B. HARGROVE,
TURMAN WALTHALL.
50—rf
H
adjoining counties,
Covington, Newton co. .Tunc 23, 1851.
LAW MVOIIO.
MBst.bsmwr l,«. oiKaaiH oftke Ju4
— p-id others a number oi D-CIMON. made in
loenlnrye hisCollec-
IMVLRSITY OF GEORGIA,
Aitgcst 13, 1831.
rSRIIB Faculty cf Franklin College have resolved to
§L give an annual prize, of the value of about ten riol-
lars in appropriate and well selected books, to tho* best
Greek scholar, who shall entef the Freshman class m Au
gust, for a regular course. The names of the young gen-
demen thus distinguished, and cf the teachers by w hon
tiiey were educated, will I.c made public, that a iaudab>e
enmla ion may be excit< <l, and lire standard ot litera
ture raised throughout the State.
The Latin Prize, however, will not be given to any
who shall not manifest, on examinalion, a thorough
knowledge of, at ieast, Jacob’s Latin Reader, both vols.
Cresar’s Ccmmentar.es, ali the wars in Gaul, Gould’s
Ovid, the whole of \ ircil, Cicero’s Select Orations, and
tiie Cutaline and Jngnrtkine wars of Sallust.
’J ho Greek ji>-izc will not be given for less than a cor
rect knowledge of Delectus a valuable work for begin
ners, John and Acts, Jacob’s Greek Reader, and Grseoa
Minora. . . , , , r
A similar nrizc wiU be given for the best knowledge of
Arithmetic, and Day’s Algebra as far as the end ol Sim
ple I IciuaUcnc , . , ,
The Latin and Greek prizes have been tins day award
ed bv the Faculty to Robert Harris, pupil of the Rev.
Air Smith ofPowekon. "'he. prizes now given consist
cf *1 e works of Cicero, in ten volumes, and of Homer in
four volumes, handsomely bound, giit and lettered. _
There was no candidate for the Mathematical prize.
It is desired by the Faculty that ail the prizes be hereaf
ter taken. Bv order of the 1 a* ult\,
WILLIAM L. MITCHELL, Secretary.
In 1817
there
were i.
11,349 8
uocklioiiiers.
1318
-
-
4,14 J
U
1819
-
-
8,544
Ci
IS 20
-
-
2,7-20
u
1821
.
.
2 747
(C
1822
_
_
2Ji49
(-8 1
1823
-
-
2,597
CC
1824
-
-
2,SGI
i:
1325
-
-
2.776
it
1826
_
-
3,347
c:
1827
-
3,482
u
1883
-
3,680
ct
1829
_
3,853
CC
1831)
_
_
4,110
tc
1831
-
4,1-15
«
It will h
ere be perceived
that tl
c original sub-
scriptions were divided among a gn'ai nutnner oi
persons, in order to secure tiie amount of Stock
desired; but became afterwards concentered in the
names of the real owners. r l lie rvhoic number ol
Stockholders was in 18-20, 27 20. Funn that period
the number has risen to 4,145. The extent of tins
diffusion v. Hl be seen in the following Tsbiet
DO MESTIC.
, i"? rv-ning 128 Shares
118.993,323 54
Tlie analysis of this account presents the fbllow-
irj/v view of the investments of the Bank, atid the
distribution of its funds.
The investments of the Rank.—
Capital paid in,
Tlie Circulaiion,
Deposits, Public, 7,252,249 42
4 Private, 9,115,836 47
35.000,000 00
22,399,447 52
Due to individuals in Europe,
Unclaimed Dividends,
Contingent Fund to meet losses,
Discount, Exchange and Interest,
(including Foreign Exchanges,)
Profit and Loss,
Arcus*. 25
C '* EORGIA,
n Lr
WALTON COUNTY*—Charles
athner and Thomas Kcnnon apply fi»r Icttei-s
ci adnfinistration on the estate of Charles Furiow, iate
of said county,-deceased: .
This i s to cite the kinared and creditors of said de
ceased, to appear at my office within the time prescribed
bylaw’ anil file ‘heir objections, if any they have, why
said letters should not be granted. Given under my
said letters shoul
hand, tins ‘27th September,
JES:
oe.t, 6
1831.
&SE MITCHELL
c. c. o.
13—ot
important law cases. He expects j
‘ and so soon ns the subscription will authorize, t
BORGIA* W ALTON COUNTY .—William
fi-jpj- Laekib 1 , applies to me for letters of administra
tion on tlie estate of William Rowe, late of Warren
.ubjhh aiSax "Tins’Slmrefer'c to cite the kindred and creditors of
Ttxc ol ivet cx unueiuiK.i. & ^ deceased, to be and appear at my office withm are
5 . . ..... O vj cc tions, if any
Given un
ci. c. o.
5t
nkh authentic reports. To those who may do so, a rea
sonable allowance in the price of the work wiU be m ul«-.
' Utility alone, and not. profit, is the object of the unm-i-
takimr. And with this view he se.icits warmly the c->
oneruiorr of the B»r and Bench. 1^ situation
editor will enable him to prbn tlt« vtuk ^re di'yv,-.
tTi.i n other perrons. JOHN G, I OLD ILL.
itrdL-Jgcyillcj- April 21; 1851*
Holier? of 1 SI
• 8 SI
Holders of between
of above
5 and
jo arid so
20 and .36
30 •.■ni t U
43 and SO
50 and loo
too and ioo
200
in Starts,
1-21
2o5
£56
eas
336
207
2‘4
318
333
Hi
t.175
E. ai.5
10, 78
F. 838
7,134
DISTRIBUTION
Funded Debt,
Loans.
Personal Security
Funded Debt,
Domestic. Bills,
Foreign, do.
Bank Slock,
Mortgages,
•Debts chargeable
41,585,298 70
19,700 OO
14,409,479 72
121,214 60
779,458 07
140,956 63
to
Contingent Fund, 3,452,976 16
FOREIGN.
Holders of 1 Phare
• • a Effimes
• « 3
tofnd
20 and o0
30 and 40
40 and 59
50 and 100
109 and 200
200
10 Shares.
29
1
6
25
37
2i
34
51
lot
Qf ;i.«p are
no.vitjsno,
1 OiifilO’.
Females, f 33 holding
8
SO
309
614
854
1.291
2,415
7,403
10,720
55,597
79,159
22,895 Shares.
6.117
Real Estate,
Due from sundry Offices and Banks,
j Expenses, &.c.
j Banking Houses,
S Shares j Notes of State Banks,.
Specie,
29.013
my
or! G
JESSE MITCHELL,
13
as I II months after date, application wiil be. made
JjH 0 the honorable Inferior Court of Pulaski county.
• on s uing for ordinary purposes, for leave to sell tuc
of Fan-well Phillips, deceased.
EASON TISON, Adtn’r. dc boms non,
st 5th f 183L 4m
e-. ; aie
DOMF-stTC Trusts, Executors, &c. «3 holfflag 17,OM Shares.
forkiok,
3,^55
20.44ft
82,165,578 89
Two only of these items require special observa-
tioui—The*Contingent Fund and the Real Estate:
1st. The Contingent Fund.—
The total amount of tiie suspended Debt, includ
ing Cash deficiencies, .Overdrafts and the Debt
•f the'Bank of Columbia, is,
Of this the part estimated as desper
ate, and therefore Considered as
lost, is
And on the remaining,
The estimated loss after a rigid ex
amination, is
r . r .,rT. =T Tr Socirtir 5 ! Corporations, &c. 136 holding 14,?09 Shares.
V . * none. none.
FOKtffUi,,
From these the following results may be gata-
eie is’t. That out of the 3,679 domestic Stockhold
ers, 766 are holders of Shares of and under 850fb
amounting to $243,309-1^1,447 arc Stockhold-
Now, the contingent Fund to meet
thi3 loss, is
T'ne total of the actual and estima
ted losses* is
Leaving an excess ot Provision,
over the esL.uaate, ot
ces succeeded for u time in attaining ti,e&.
but it seams to have been afterwards c •
that its powers were exhausted by tiie el: rand
that the continuance of it would hi cnt ircy ir : iac-
ticabie. The essentiai diflicuity was presun.eu to
he in the provision of tiie charter, making the notes
universally receivable for deb is to tne Government*
which by obliging the Bank to provide payni« nt
for the same note at various places, womd require
it to retain a greater amount of specie {..an it could
issue of notes; thus diminishing ratiar than increas
ing the sound circulation. TAe consequence v*. a?,
that the Bank issued it3 own notes spunngi^; n oie
especially "IS" the southern and western bum s,
where it often prelerred the re-issue of ide no its cf
the State Banks; being unwiiiing to issue freely H3
notes which it might be conipehed to payju s. ine
one of man;/ places remote from the po.m »>i issu
ing them. However impenous the necessity u Inch
enlbrced this system, it was apparv nt that ns con
tinuance wonkl tend to defeat the o!>.ect ei , ►.},!>
lishing the Bank, since by d, c.ino.g tile rsste oi itt
notes it could not iurnish ihc 0i.c» latino medium
expected bom it; and by re-tssu.ng ihe notes: oi
State Banks, it surrcnueied its most t-n , t j . means
ol control over the currency, iis t\ no-.e Ci Cu.aTion
on the 1st of January 1523, was oiu ^4,5Sa,C(:0,
Having incompliance with the chi. cuod» ol'u.e
Stockholders in 1822, aj-|Fied v. it non t success t©
Congress lor a mouificrraoii of tins rt.isabiir.i- , -
vision in tne Charter, it became necessary hu .i,e
Board of Directors to re-examine the coriMilutK ft
of the Barirt, in order to disco v er. \\ heti.er ila.re tu,g
reailv any organic defect v.hich prevented n hom
performing the Lections to w inch it was dcstired,
or whetaer some di&ruit Cf-mbination cf its pow
ers might, not overcome Us duficiilties.
The experiment was interesting and hazainot.&
It. was to try how far tim institution could succeed
in doing that which had never yet succt-edea i ite-
where, in ditiusing over so wide a surface ol coun
try a currency of large amount and of umlc-rni val
ue at all places and under all circumstances; ar.el
also whether it could bring down to its extreme
limit the necessary expense of commercial inter
course between distant sections of count!y, v, uose
exchangeable productions were of such various and
unequal values.
To accomplish these two objects two things
seemed necessary*
. 1st. To make ail the local currencies equivalent
to specie at the place of their emission. This by
rendering them competent for local purposes, would
require a less amount of general currency, and at
I the same thne tend to reduce the exchanges be*
! tween distant places to the real commercial cxper.cc
! of transferring equal values of coin.
2J. To make the Bank itself the great channel
of those commercial exchanges.
If the Bank is bound to transfer the whole pu ir-
lic revenue throughout the Union, and to furnish a
currency payable in various and distant places, it
must obviously provide funds in these places, and
these can of course be obtained only by purchas
ing, bills of exchange payable at the points to
which the course of trade naturally directs the
notes. There these balls, having reached their ma
turity, await the coming of that portion of fee cotes,
which having performed for a lime the functions td
a circulating medium, are carried by the demand
for duties out of the immediate sphere of their is
sue. The greater proportion of its funds, there*
fare, which the Bank can employ in these opera*
tioas, the more readily can it sustain the notes is
sued in the course of them. It is indeed few, ai d
feus alone, that a circle of sound banking, open -
tions founded on sound commercial operations con
tains within itself fee means of its own defence a?
home, and of providing for its notes which the de
mand for duties may carry fo a distance. Tho<-
operations too are fortunately of the highest bench c
to the community; they give the most direct er *
couragement to industry, by facilitating the pm-
chase and interchange of all its products, they brirg
fee producers and consumers into more immediate
contract by diminishing the obstacles which separ
ate them, and they specially adapt the Bank to fee
wants and interests of each section of the Union, by
making it alternately a large purchaser amoi g
the sellers of bills, and a large seller among if,
purchasers.
A participation also in the foreign exchanges
forms an essential part of the system, not mereV
as auxiliary to the transfer of lands by which tl s
circulating medium is accompanied and protect: i,
309,102 57 * bet as the best defence of that currency frem
15,368.085 89
168,372 72
251,766 03
5,613,173 15
614,635 07
1,750,048 51
82,165,578 89
3,497,661 06
60,509,033 PS
2,491,892 99
621,523 03
259,333 50
1,160,455 54
2,080,442 33
11,545,116 51
7,351,231 82
S.452,976 16
4,393,305 66
1,851,034 42
5,613,173 15
5,SO 1,010 53