hausted. The hank fund has long since been exhausted, the
draft upon it far exceeding the income. In 1S4S, 11 insolvent
banks, that ha 1 contributed but $33 232 to this hind, had drawn
from it $2,577,927.—Comptroller s Report, 1S43, p. 55.

Tlie s ame law provided for the appointment of 3 Bank Com¬
missioners, who were required to visit tlie banks thrice annually,
to ascertain their condition, take measures to secure tlie public
against fraud or loss, and report annually to tlie Legislature.
This office was abolished April 18, 1843, and the Comptroller
was invested with general powers relating to banks, from which
he was relieved by the creation of a special B ank Department in
1851. This department is under a superintendent appointed by
the Governor and Senate for 3 years. It lias the custody of all
lates for printing bank bills ; registers, numbers, and issues to
anks such bills as their charters and securities entitle them
to; destroys the same when withdrawn from circulation; and
destroys the plates when the bank is closed. 11 appoints special
agents tor examining the condition of doubtful banks, directs
prosecutions in behalf of the State, sells the securities of broken
banks to redeem their circulation, and reports the condition of
banks to the Legislature annually. Banks can only obtain bills
for circulation by depositing New York State or United States
stocks bearing interest equivalent to 6 pvr cent, or bonds and
mortgages of not over $5,003 each upon unincumbered improved
lands at two-fifths value, exclusive of buildings, aud bearing 7 per
cent, interest. Closing banks, after calling in 93 per cent, of their
circulation, may' withdraw their stocks or mortgages, and substi¬
tute cash for the redemption of the remaining JO per cent, of
circulation. Stockholders of banking associations are personally
liable to an extent equal to their capi.al stock. Experience has
shown that under our free bank system, bonds and mortgages
have realized but about 88 per cent, on the sum for which notes
were issued, while (lie aggregate securities, including stocks,
have almost always sold for more than enough to redeem tho
circulation based upon them.—Report, 1S59, p. 8.

Bunk Note Engraving is now done by a company, formed in
1858 by the union of most of tho establishments previously ex¬
isting.

The Bank of the United States had branches for discount and
deposit at New York, Utica, and Buffalo, in this State.

Specie payment has been generally suspended three times by
the banks of New York State. In the fall of 1814 all the banks
of the Union, except those of New England, suspended until the
spring of 1817. In May, 1S37. there was a second suspension,
which continued until the spring of 1833. On the 13th of Oct.
1857. a third suspension took place in all the banks of New
York City, with one exception. {Chemical Bank.) and this waa
soon followed by the bulks of the State generally; but specie
payment wascesumod in about 60 days.

The tb'lowing tables, derived from returns in the Bank De¬
partment, are corrected up to .lan. 1, 1853. Tho amount of
capital is reported for Dec. 18, 1858:

Location.

C.—Chartered by law.

A.—Associated free lank.

11.——Individual Lank. |

Of filing arti¬
cles.

Dates

Of beginning
businss or of
act of incorpo¬
ration.

Of expiration
of charter or
privilege.

Original capital, in thous-
unds of dollars.

Present

capital.

all

5. “

1s

1 t—1 5-

o'®

K

C «

a

# 1.
I»

CCCQ

I.

17, U56

$ 50,000

S. E.

C.

30. 1831

1, 1864

500

500.000

Albanv.............

A.

Dec.

12,1838

Jan.

1, 1839

Jan.

1, 2500

100

311,100

S. E.

New York..........

A.

Oct.

1, 1S38

Sept.

14, 1838

Sept.

14, 1038

500

4,999,550

S.

New Yo:k..........

A.

Aug.

22,1856

July

10.1856

July

1, 1950

600

600,000

S.

Brooklyn...........

C.

March 10, 1836

Jan.

1, 1866

500

500,000

New York..........

A.

May

27.1853

July

2, 1853

July

2, 1953

400

400,000

s.

Auburn ...i........

A.

July

6. 1853

July

25, 1853

July

5, 1953

200

200,000

S.

Auburn............

A.

Feb.

10, 1856

Feb.

1, 1856

Jam

1, 1956

150

200,000

s.

Ballston Spa......

A.

Jau.

31,1S39

Dec.

10,183S

Dec.

10, 1938

100

125.000

S. E.

Albany .............

A.

Dec.

15. 1854

Dec.

30, 1854

Jan.

1, 1904

360

500,340

S.

Albion ..............

A.

July

16. 1839

July

15, 1839

Jan.

2, 2039

100

100,000

S. E.

New York..........

A.

Dec.

30,1852

Dec.

1, 1852

Jan.

1, 1953

2,000

3,000,000

S.

Buffalo..............

A.

April

24, 1850

March

1, 1S50

Jan.

1, 2000

160

250,000

S. E.

Auburn ............

A.

Jan.

2, 1850

Dec.

31, 1849

Jau.

1, 1950

200

200,000

S.

I.

11, 1854

50,000

S. E.

Binghamton.......

A.

Nov.

17, 1852

Julv

29. 1852

Jan.

1, 2000

150

200.000

S. E.

I.

4, 1854

26,000 ■

Albany .............

A.

Jan.

3, 1853

Feb.

1, 1853

Jan.

1, 2000

150

519,600

S.

Painted Post......

I.

1S47

Sept.

1847

10.000

S.

Cazenovia..........

A.

Feb.

28. 1856

Feb.

21. 18561 Jan.

1. 1900

120

120,000

S. E.

Utica.................

A.

Sept.

17,1838

Sept.

8,18381.Jan.

15,1889

100

110,200

S. E.

Elmira...............

A.

Dec.

11,1862

Jan.

1, 1853

Jan.

1. 1S93

100 •

50,000

S. E.

Norwich............

A.

Dec.

28, 1855

Dec.

31, 1855

Jan.

1, 1956

120

150,000

S. E.

Cohoes...............

A.

March 18,1859

May

1859

100,000

New York..........

A.

Feb.

15, 1839

Jan.

1,1839

Jan.

1,18S9

5,000

8,851,760

8.

I.

1853

63,012

S. E.

Cooperstown......

A.

Feb.

1,1853

Jau.

1, 1853

Jan.

i,1953

150

200.000

S. E.

New York..........

A.

March

22, 1853

March

1. 1853

March

1. 1953

750

750,000

S.

Corning............

A.

Jan.

17, 1839

Jan.

12. 1839

Jan.

12, 1939

117

78,500

S. E.

Coxsackie .........

A.

March 14,1353

March

4. 1853

.Tan.

1, 1900

120

142.000

S. E.

Dansville............

A.

June

10. 1839

June

10, 1839

June

10, 1039

100

150,250

S. E.

Fayetteville........

A.

Jan.

19, 1854

Jan.

9,1854

Jan.

9, 1954

110

115,400

S. E.

Fislikill ............

A.

Feb.

28. 1850

June

1, 1850

Dec.

31, 1899

120

150,000

S.

Fort Edward......

A.

Cot.

3. 1851

Oct.

1, 1851

In year 1951

100

200,000

S. E.

Batavia.............

A.

Dec.

22, 1851

Dec.

1,1851

Dec.

31,1951

100

150.000

S. E.

« Articles amended May 11. 1857.

* First incorp. April 10, 1792; cap. $40,030; allowed to reduce
two-fifths April 4, 1820. and shares reduced from $100 to $30
April 17, 1830; twice extended; expired Jan. 1, 1855; State re¬
served right to subscribe stock at first.

⁰ First incorp. June 2, 1812; cap. $6,000,000, and late United
States Bank allowed to take five-sixths of the stock; reduced to
$4,000,000 March 20,1813; once extended.

^d First incorp. March 31, 1S17; cap. $100,000; once extended;
expired Jan.T, 1850.

⁰ Started at Ithaca.

/ First incorp. April 21,1818; cap. $200,000; once extended;
expii-ed Jun. 1, 1856.
s First incorp. April 29,1829; eap. $100,000; expired Jan. 1,