LIST OF CHARTERED BANKS, Giving the date of Incorporation, where located, original capital, limitetion of charter, &c. Bank of New-York,- 1791 Geo. Clinton, New-York, 1,000,000 1853 Safety Fund. 1792 1793 do. do. Albany, Hudson, 1805 Morgan Lewis, New-York, 1817 D. W. Clinton, New-York, Plattsburgh, 240,000 1855 Safety Fund. 180,000 1832 Failed, 1829. 2,000,000 Unlimited 300,000 1853 Safety Fund. 460,000 1851 Safety Fund. 1,250,000 1857 Safety Fund. 200, 000 1853 Safety Fund. 300,000 1832 Failed, 1820. 1,500,000 1955 Safety Fund. 600,000 1853 Safety Fund. 800,000 1853 Safety Fund 500,000 1853 Safety Fund' 400,000 1951 Safety Fund. 500,000 1832 Failed, 1829. 2, 000, 000 1953 Safety Fund. 2,000. 000 1852 Safety Fund 1,000,000 1850 Safety Fund. Safety Fund. 200,000 1855 Safety Fund. 400,000 1853 Safety Fund. 400,000 1862 Safety Fund. 500,000 1856 Safety Fund. .... .... Safety Fund. 400,000 1832 Failed, 1825 Bank of Hudson, 1908 do. Mechanics' Bank, ...I810! do. Mech. & Farm's Bank, 1811 do. Albany, Union Bank, New-York, Bank of Troy, Troy, Bank of Newburgh, 1811 do. Newburgh, Middle District Bank, 1811 do. Po'keepsie, Bank of America, 1812 do. New-York, City Bank, do. Bank of Utica,· Branch do. do. Canadaigua, Bank of Lansingburgh 1913 do. Lansingb'gh, Catskill Bank, 1813 do. Catskill, Orange County Bank, 1813 do. Goshen, Ontario Bank, 1813 do. Can'daigua, Utica, Buffalo, Jefferson Co. Bank, 1816 do. Watertown, Phenix Bank,* B'k Wash. & Warren, 1817 Bank of Auburn,· 1817 do. Auburn, Bank of Geneva Geneva, New-York, Central Bank, ..... 1818 do. Ch'ry Valley Bank of Chenango, do. Norwich, Greene County Bank, 1819 do. Catskill, North River Bank,...1821 do. New-York, Tradesmen's Bank, 1823 J. C. Yates, do. Chemical Man. Com.1324 Del. & Hud. Canal Co. 1824 Fulton Bank, Long Island Bank,- 1824 Bank of Rochester, do. Rochester, Commercial Bank,... 1825 D. W. Clinton, Albany, 90,000 1832 Failed, 1826. 500, 000 1842 Ch. to F. Bk'g, 600,000 1855 Safety Fund. 500, 000 1844 Chartered. 500,000 1844 Chartered. 500,000 1844 Chartered. 300,000 1845 Safety Fund. 250,000 1845 Safety Fund. 300,000 1845 Chartered. 700,000. Unlimited. 150,000 1855 Safety Fund. 300,000 1854 Safety Fund. 750,000 1849 Safety Fund. 750,000 1857 Safety Fund. 300,000 1854 Safety Fund. 300,000 1850 Safety Fund. 100,000 1958 Failed, S. F. 100,000 1852 Safety Fund. * First chartered in 1812, under the title of the "New-York Manufacturing Com pany." Martin Van Buren resigned as Governor, March 12th, 1829. NOTE.-The Safety Fund Law, "An act to create a Fund for the benefit of the creditors of certain moneyed corporations, and for other purposes,' ," was passed April 2, 1829. Albion, S. Harbor, Brooklyn, Kingston, Utica, Buffalo, Rochester, Lyons, Ithaca, Oswego, Owego, Plattsburgh, FREE BANKING ASSOCIATIONS. List of Certificates filed in the Secretary of State's office, pursuant to the act entitled "An act to authorize the business of Banking; passed April 18, 1838. Mech. Banking Ass'n,. do. 1839 1838 100 years $180,000 Failed. 128, 175 10, 000, 000 100,000 5,000,000 Failed. 200,000 500,000 Failed. Closed. 300,000 1,000,000 Failed. 100,000 500,000 100,000 1,000, 000 100,000 5,000,000 Failed. 125,000 300, 0001 200,000 5,000, 000 Failed. 100,000 2,000,000 500,000 130,000 1,000,000 200 "" 1838 100 "" Lowville, Newburgh, 1838 463 100, 000 Brockport, Fort Plain, 1838 160 Jamesville, 1839 661 "" 1839 61 66 100,000 500,000 106,000 1,000, 000 1,000,000 100, 000 100,000 5,000, 000 100,000 1,000,000 Failed. 500,000 1839 500 100, 000 1,000,000 Failed. 5,000, 000 Howard T. & B'kg Co. Troy, Com. Bank of Troy, do. Binghamton Bank, Bank of Vernon, Bank of Lodi, ..... ........ Bank of Corning,⚫ ..... Far. Bank of Geneva, Geneva, Clinton Bank,. New-York, do. Ballston Spa Bank,... Ballston Spa, ..... Mechanics' Bank, Lockport, 500 "" 1839 100 1839 Washington Co. Rank, Union Village 1839 211 City Trust & B'kg Co. New-York, Far. & Mech. Bank, Rochester, Delaware Bank, Delhi, Mohawk Valley Bank, Mohawk, Com. B'k of Rochester Rochester, 1839 160 " 1839 1999 "" 1839 100 " 1839 1000 "" 1839 100 "" 61 66 100 " Pine Plains Bank, .... Pine Plains, 1839 1839 Farm. B'k of Amster.lAmsterdam, LIST OF FREE BANKS, Where no certificate has been filed in the Secretary of State's office, to 1st November, 1842. Periods. CHARTERED BANK CAPITAL. Extract from the Comptroller's Report, January 25, 1836. In 1800,. 1805, 1810,. 1815,. 1820,. ແ1825, "1830, 1835, "1840,t. * Up to 1830, eight chartered banks, had failed in the State of New-York, with an aggregate capital of $2,650,000. In addition to the above, there had been a reduction in the capital of sundry banks, amounting to $2,220,000. Since 1830, ten Safety Fund Banks have failed, with an aggregate capital of $3,000,000. The banks chartered between 1835-40, were twelve in number, all incorporated in 1836, having an aggregate capital of $5,250,000. BANK COMMISSIONERS' REPORT. Extracts from the Annual Report of the Bank Commissioners, dated, Albany, January 30, 1843. Since the summer and fall of 1839, a diminished movement has been taking place in the operations of our banks; which from its general and progressive character fully indicates the influence of causes acting with great power upon the business of the country, and contracting the use of money for commercial purposes within the smallest possible compass. On the 1st of Jan. 1840, and after the second suspension of the banks, south and west of New-York, which occurred during the succeeding fall, the returns exhibited a diminution of loans and discounts, on the part of the ninety chartered banks of the State, to the amount of $15,512,000 and a reduction of the circulation of $8,743,365, as compared with the reports of the same institutions on the first of January, 1839. Although a slight increase took place during the year 1840, yet the process of contraction has been steadily going forward to the present period, in conformity to the general depression of business, and the prostration of almost every branch of industrial enterprise. The great depreciation in the prices of the staple agricultural products, has materially contributed to keep down the discounts and circulation. The capital now required for their purchase is small in amount, as compared with those periods when money was abundant, and the business of the banks generally extended. Many of our banking institutions are seriously laboring under the consequences of the unwise expansion of former years; and it will require the utmost prudence, as well as good fortune on their part, before they can regain their original position. A large amount of discounted debt, suspended for several years, and wholly unavailable for banking purposes, still remains and it is to be feared that the continued diminution in the value of property will eventually render many of the securities worthless, which have been heretofore considered sound, and abundantly sufficient to protect the banks against ultimate loss. It is, however, gratifying to discover, by reference to the statements, that the present reduced action of many of the banks at least does not arise from any want of ability to extend their loans, or sustain an increased circulation, if required to do so by the fair demands of business. It must be evident to all, that a material extension in their operations at this time by the discount of accommodation paper, or any other not of a strict commercial character, could not fail to do ultimate injury to their stockholders and the public. Indeed so far at least as many of the country banks are concerned, no single cause has heretofore contributed in so great. a degree to their embarrassments and the sacrifices which in times of pressure they are compelled to incur, as loans upon paper not founded on actual business transactions. Such paper, however well secured, can seldom be depended on in meeting redemptions and those other engagements, which on the part of every well managed bank must be fulfilled with the utmost promptitude. In some cases which have come under our observation, the discounted debt has been found to be sound and free from all objection in regard to its entire security, but at the same time so unavailable in its convertability into cash, as to render it valueless for all practical or useful purposes in sustaining the credit of the bank. When this state of things exists, it will be found that serious sacrifices often become necessary before the bank can meet its liabilities; and that the time of its officers, which should be devoted to its immediate supervision at home, is often occupied in making expensive journies to Albany or New-York, and in devising and consummating extraordinary and ruinous modes of raising money, and in |