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auditor of the State, as soon as he shall be informed of the fact, to take immediate measures against such bank. ·

It is the duty of the commissioners of banks to examine into their condition once in every year.

Every bank shall, at the end of each quarter, make a full statement of its funds and business transactions to the State auditor.

In writing this book, we have been guided, as far as possible, by the principle of pointing out facts merely, and hence we have generally refrained from expressing our own bare opinions. However, although we do not now intend to go into a particular criticism of the banking laws of Illinois, we cannot forbear from remarking, that, in our opinion, a general alteration and amendment of them is necessary to preserve the people of the State from the great inconveniences which otherwise must sooner or later arise under the present law.

According to a statement published by the State auditor, on the 10th of January, 1856, (Congressional Documents, on Banks in 1855, pages 176 and 177,) there were, at that time, forty-five banks in the State of Illinois, having, altogether, stock securities deposited to the amount of $4,134,879.62, while their note circulation reached only $3.514,911 — showing an excess of $619,968.62, in deposits, over the amount of notes in circulation. '

At the present time, (December, 1856,) there are fifty-two banks in the State, — nine of which, however, are about to wind up their business.

We here give the names, location, &c., of those fifty-two banks, together with their respective capitals, as shown in the statement above mentioned, the amount of capital stock actually paid in, and the amount of stock securities deposited, with the circulation based thereon; and, also, the maximum capital authorized by their several charters, as it is set down in the Banker's Almanac for the year 1856:

Alton Bank - Alton.

E. Marsh, President; Chas. A. Caldwell, Cashier.
Charter,

$100,000

Stocks deposited, $61,581.32 Capital Stock paid in, 59,845.21 Circulation, 51,819

Agricultural Bank - Marion.

S. B. Wheelock, President; R. M. Herndly, Cashier. American Exchange Bank — Raleigh.

W. H. Parish, President; C. H. Miner, Cashier. Bank of America - Chicago.'

G. Smith President; E. W. Willard, Cashier. *Charter,

$1,000,000 Stocks deposited, $89,000 Capital Stock paid in, 50,000 Circulation,

50 000 Bank of Aurora. - Aurora.

M. V. Hall, President; B. F. Hall, Cashier. Bank of Belleville. — Belleville.

E. Miltenberger, President; 8. E. Mandelbaum, Cashier. Charter,

$100,000

Stocks deposited, $65,000 Capital Stock, paid in, 56,990 · Circulation, 56,990 Bank of the Commonwealth. — Robinson.

I. N. Whipply, President; I. H. Low, Cashier. Bank of Elgin. — Elgin. . A. J. Waldron, President; J. J. Town, Cashier.

Stocks deposited, $200,000 Capital Stock paid in, $100,000

Circulation,

94,380 Bank of Galena. — Galena.

Henry Corwith, President; C. C. P. Hunt, Cashier.
Charter,

$100,000

Stocks deposited, $104,814.75 Capital Stock paid in, 57,000 Circulation, 73,668 Bank of Hutsonville. — Hutsonville.

Stocks deposited, $100,000 Capital Stock paid in, $90,950 .

Circulation, 90,950 Bank of Illinois. – New Haven.

G. C. Smith, President; P. C. Briggs, Cashier.
Bank of Naperville. — Naperville.

W. Scott, President; A. Keith, Cashier.
Charter,

$100,000 Stocks deposited, $55,000 Capital Stock paid in, 50,000 Circulation, 52,780 Bank of Northern Illinois. — Waukegan.

C. D. Bickford, President; Chas. R. Steele, Cashier.
Charter,

$100,000

Stocks deposited, $53,000 Capital Stock paid in, 50,000, Circulation, 50,000

* According to Monroe's Bank Note List, $200,000.

Bank of Ottawa. - Ottawa. . (Closing.)

B. C. Cook, President; G. S. Fisher, Cashier. Charter,

$150,000 Stocks deposited, $25,000 Capital Stock paid in, 20,654.70. Circulation, 20,500 Bank of Peru. — Peru. Charter, .

$100,000

Stocks deposited, $55,000 Capital Stock paid in, 88,500 Circulation, . 50,002 Bank of. Pike County. — Griggsville.

Thos. I. Ludus, President; R. M. K. Ludlow, Cashier. Bank of Quincy. — Quincy.

Jno. McGinnes, President; M. Boon, Cashier.

Bank of Raleigh. — Raleigh.

Wm. Stadden, President; R. C. Spain, Cashier.
Bank of the Republic. — McLeansboro...

J. Rockwell, President; C. H. Rockwell, Cashier.
Bank of Southern Illinois. — Bolton.
E. K. Willard, President; W. L. Joiner, Cashier.

Stocks deposited, $75,000 Capital Stock paid in, $75,000 Circulation, 68,550 Belvidere Bank. — Belvidere. (Closing.)

A. Neely, President; Chas. Neely, Cashier. *Charter,

$100,000

Stocks deposited, $31,000 Capital Stock paid in, 80,000 Circulation, 29,397 Central Bank. - Peoria.

E. B. Elwood, President; S. Matteson, Cashier.
Charter,

$200,000

Stocks deposited, $50,500 Capital Stock paid in, 50,500 Circulation, 47,975 Chicago Bank. --- Chicago.

Thos. Burch, President; I. H. Burch, Cashier.
Charter,

$100,000

Stocks deposited, $119,328.25 Capital Stock paid in, 59,501.29 . Circulation, 50,014: Clark's Exchange Bank. — Springfield. (Closing.) ·

N. H. Ridgely, President; Chas. Ridgely, Cashier. *Charter,

$200,000

Stocks deposited, $21,056.41 Capital Stock paid in, 10,107.07 Circulation, 10,000

• According to Monroe.

* Commercial Bank. - Chicago. (Closing.)
I. Cook. President; A. Gilbert, Cashier.

Stocks deposited, $27,000
Capital Stock paid in, $52,000 Circulation, 25,005
Corn Exchange Bank. - Fairfield.

Stocks deposited, $60,000
Capital Stock paid in, $50,000 Circulation,

52,300
Du Page County Bank. — Naperville. (Closing.)
W. Scott, President; A. Keith, Cashier.

Stocks deposited, $5000
Circulation,

4470 Edgar County Bank. - Paris.

H. Sanford, President; G. E. Loving, Cashier. Exchange Bank of H. A. Tucker & Co. - Chicago. (Closing.) H. A. Tucker, President; H. B. Dox, Cashier.

Circulation,

$1186 (Has returned, as required by law, the amount of notes in circulation,

and withdrawn its stocks.) Farmers and Traders Bank. - Charleston. W. H. Murstin, President; Thos. A. Marshall, Cashier.

Stocks deposited, $157,500
Capital Stock paid in, $150,000 Circulation, 149,735
Grand Prairie Bank. - Urbana.

W. N. Coler, President; T. S. Hubbard, Cashier. .
Charter,

$100,000
Grayville Bank. — Grayville. .
E. Chasy, President; L. B. Clark, Cashier.

Stocks deposited, $458,297.86 Capital Stock paid in, $331,698.91 Circulation,

331,696 Hamilton County Bank. — McLeansboro.

Stocks deposited, $110,000 Capital Stock paid in, $110,000 Circulation, 101,870 Lafayette Bank. - Bloomington.

W. H. Cord, President; J. L. Stockton, Cashier.
Marine Bank of Chicago. — Chicago.

J. Y. Scammon, President; B. T. Carver, Cashier.
Charter,

$550,000 Stocks deposited, $198,767.16 Capital Stock paid in, 150,000 Circulation, 100,705

McLean County Bank. — Bloomington.

C. A. Gridley, President; T. Pardee, Cashier.
Charter,

$100,000 Stocks deposited, $68,000 Capital Stock paid in, 65,000 . Circulation, 64,998 Merchants and Drovers Bank. — Joliet.

Wm. Smith, President; R. E. Goodell, Cashier.
Charter,

$250,000 - Stocks deposited, $191,346.92 Capital Stock paid in, 189,638 Circulation, 178,331 Merchants and Mechanics Bank. - Chicago. (Closing.)

James H. Woodworth, President. *Charter,

$100,000 Stocks deposited, - $6000 Capital Stock paid in, 85,500 Circulation,

5561 Mississippi River Bank. - Oxford,

C. C. Merriam, President; W. H. Merriam, Cashier. Morgan County Bank. — Jacksonville.

H. R. Reed, President; W. W. Wright, Cashier. *Charter,

$50,000 National Bank. — Equality. - E. J. Humphrey, President; W. H. Crawford, Cashier.

Stocks deposited, $80,000 Capital Stock paid in, $80,000 Circulation,

74,376 Peoples Bank. - Carmi. 8. Vorbies, President; E. Dodge, Cashier.

Stocks deposited, $500,000 Capital Stock paid in, $464,516 Circulation, 464,515 Prairie State Bank. — Washington. . J. L. Marsh, President; H. Lee, Cashier.

Stocks deposited, $115,000 Capital Stock paid in, $104,160 Circulation, 104,160 Railroad Bank. — Decatur.

P. D. Kline, President; C. H. Fuller, Cashier.
Charter,

$50,000 Stocks deposited, $50,000 Capital Stock paid in, 156,000 Circulation,

48,050 Rock Island Bank. — Rock Island. (Closing.)

M. B. Osborn, President; S. H. Mann, Cashier. *Charter,

$100,000 Stocks deposited, $18,000 Capital Stock paid in, 50,000 Circulation, 16,007

Circulau

* According to Monroe.

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