standing on a certain day, the banks would be stimulated under the plan we have suggested to keep themselves in a strong position always, and to be ready to give a good report at any time whensoever it might be de anded for publication. Another thing materially affecting the stability and solvency of the banks is the reserves. We shall hereafter offer some remarks on this, which is generally believed, and not without reason, to be the weakest point in our banking system. In October, 1866, 55 banks were short in tir reserve or lawful money. How many are now deficient we are not informed. The reports of the Comptroller would be more complete and more useful if this information were given together with the names of the States, if not of the cities, in which the defaulting banks. are situated.

Below we give the returns of the Banks of the three cities since Jan. 1:

THE NATIONAL BANKS-THEIR CONDITION APRIL 1st, 1867.

QUARTERLY REPORTS OF THE NATIONAL BANKING ASSOCIATIONS OF THE DIFFERENT STATES, APRIL, 1867.

New York. Massachus'ts. Pennsylvania.

Rh. Island. New Jersey. Maryland.

Indiana.

QUARTERLY REPORTS OF THE NATIONAL BANKING ASSOCIATIONS OF THE UNITED STATES.

RESOURCES.

Loans and discounts.

Overdrafts....

Real estate, furniture & fixtu's..
Expense account..
Premiums..

Cash items (inc. reve'e stamps).
Due from National banks..
Due from other banks....

U. S. bonds to secure circulat'n.
U. S. bonds to secure deposits...
U. S. bonds & secu'es on hand..
Other stocks, b'ds & mortgages.
Bills of National banks.
Bills of other banks..
Specie

Compound interest notes....
Legal tend. n'tes & frac. cur.

Aggregate......

$14,073,685 $37,154,875 $114,820,287 $512,568,666 $1,126,455,481 $1,402,489,964 34 $1,525,493,960 50 $1,506,448,245 28 $1,462,727,897 00

$418,844,484 00
60,193,223 58
291,880,102 00

LIABILITIES.

Capital stock paid in.

$6,784,718 $14,528,721 $42,204,474 $135,618,874 $325,835,559

5,955,147 00

555,179,944 45

510,593,098 63

27,396,477 89
2,582,015 44

822,519 2,098,930

6,814,930 67,723,305

157,852,610

96,709,074 15

110,531,957 31

92,755,560 88

91,152,252 58

23,793.584 24

26,951,498 86

24,371,674 07

23,062,729 95

$14,073,685 $37,154,875 $114,820,287 $512,568,666 $1,126,455,480 $1,402,489,964 34 $1,525,493,960 50 $1,506,448,245 28 $1,462,727,897 00

28,972,493 70 957,643 73

32,583,328 33

26,687,323 35

31,068,365 93

COPY OF THE UNITED STATES BANKRUPT LAW.

AN ACT TO ESTABLISH A UNIFORM SYSTEM OF BANKRUPTCY THROUGHOUT THE UNITED STATES.

Courts of Bankruptcy.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the several district courts of the United States be, and they hereby are, constituted courts of bankruptcy, and they shall have original jurisdiction in their respective districts in all matters and proceedings in bankruptcy, and they are hereby authorized to hear and adjudicate upon the same according to the provisions of this act. The said courts shall be always open for the transaction of business under this act, and the powers and jurisdiction hereby granted and conferred shall be exercised sa well in vacation as in term time, and a judge sitting in chambers shall have the same powers and jurisdiction, including the power of keeping order and of punishing any contempt of his authority, as when sitting in court. And the jurisdiction hereby conferred shall extend to all cases and controversies arising between the bankrupt and any creditor or creditors who shall claim any debt or demand under the bankruptcy; to the collection of all the assets of the bank. rupt; to the ascertainment and liquidation of the liens and other specific claims thereon; to the adjustment of the various priorities and conflicting interests of all parties, and to the marshalling and disposition of the different funds and assets, so as to secure the rights of all parties and due distribution of the assets among all the creditors; and to all acts, matters, and things to be done under and in virtue of the bankruptcy, until the final distribution and settlement of the estate of the bankrupt, and the close of the proceedings in bankruptcy. The said courts shall have full authority to compel obedience to all orders and decrees passed by them in bankruptcy, by process of contempt and other remedial process, to the same extent that the circuit courts now have in any suit pending therein in equity. Said courts may sit for the transaction of business in bankruptcy at any place in the district, of which place, and the time of holding court, they shall have given notice, as well as at the place designated by law for holding such courts.

SEC. 2. And be it further enacted, That the several circuit courts of the United States within and for the districts where the proceedings in bankruptcy shall be pending shall have a general superintendence and jurisdiction of all cases and questions arising under this act; and, except when special provision is otherwise made, may, upon bill, petition, or other proper process, of any party aggrieved, hear and determine the case as a court of equity. The powers and jurisdiction hereby granted may be exercised either by said court or by any justice thereof, in term time or vacation. Said circuit courts shall also have concurrent jurisdiction with the district courts of the same district, of all suits at law or in equity, which may or shall be brought by the assignee in bankruptcy against any person claiming an adverse interest, or by such person against such assignee, touching any property or rights of property of said bankrupt transferable to or vested in such assignee; but no suit at law or in equity shall in any case be maintainable by or against such assignee, or by or against any person claiming an adverse interest, touching the property and rights of property aforesaid, in any court whatsoever, unless the same shall be brought within two years from the time the cause of action accrued, for or against such assignee : Provided, That nothing herein contained shall revive a right of action barred at the time such assignee is appointed.