Farmers' Bank......... Farmers' Bank................ Farmers' Bank... Farmers' and Drovers' Bank.. Amsterdam. .Albany City Bank..... Hudson.......... Mechanics' Bank....... Mina.... Albany. ..Albany. ..Albany. Albany. .N. York. .Troy... Washburn and Co..........Albany. Merchants' Bank......... .N. York. .Merchants' Exch'ge Bank.N. York. .N. York. Farmers' and Manufacturers' Bank. Poughkeepsie.... Phenix Bank......... Farm. and Mech. Bank of Genesee.Batavia....... New York State Bank..... Albany. Highland Bank..... Hudson River Bank.. ..Phenix Bank...... Leather Manuf. Bank......N. York. .New York State Bank..... Albany. .Adirondack........New York State Bank.....Albany. Ellery.. Merchants' Bank of Erie County... Buffalo..... Washburn and Co.......... Albany. Poughkeepsie.... Phenix Bank... Merchants' and Farmers' Bank......Ithaca.... Carmel..... .N. York. Merchants' Bank.... ........ .Albany. Northern Bank of New York.......Madrid.............Washburn and Co.......... Albany. † Revoked July 17; Albany City Bank appointed Revoked July 18; Mechanics' and Farmers' Bank, Albany, appointed. Name of the Bank. Northern Exchange Bank.. Ontario Branch Bank.. Walter Joy's Bank..... ..Canandaigua.......Albany City Bank Residence. Albany. ..N. York. ..Albany. .Albany. .Albany. ..Albany. .Albany. ....Utica...............Albany City Bank.......... Albany. ..Catskill........ .Albany. ..Sag Harbor.. ..Ithaca...... ..Troy......... ..Kingston.. ..Unadilla..... Randolph.. ..Buffalot. .N. York. .Merchants' Exch'ge Bank..N. York. ...Union Village..... New York State Bank.....Albany. NEW MONETARY ORGANIZATION IN HOLLAND. A new monetary organization has been adopted in that country, and a decree issued in consequence concerning the details of its regulation, in accordance with laws passed by the legislature and approved by the executive. The preamble of the decree recites, that from the point already arrived at of the refount of the old money, the adoption of a simple standard of value, that of silver, is rendered desirable, with the introduction of other ameliorations in the monetary system of Holland, as well as the reunion in one law of all the dispositions which relate to the monetary system. For these reasons, it is decreed that the money of the state shall consist hereafter in legal pieces, moneys d'appoint, (or supplementary moneys,) and commercial moneys. The legal pieces in silver (Art. 2 of the decree) are thus designed: The florim to form the union of the monetary system of Holland. The ryskdaalder, or piece of 24 florins. The half florin, or piece of 50 cents. Art. 3. The money d'appoint in silver (supplementary for change) to consist of pieces of 25 cents, 10 cents, and 5 cents. Art. 4. The money d'appoint in copper to consist of pieces of 1 cent, or the hundredth part of the florin, and of a half cent. *Revoked July 17; Albany City Bank appointed. Revoked July 18; Mechanics' and Farmers' Bank, Albony, appointed. Art. 5. The commercial moneys to be the gouden Willem (golden Williams) and the golden ducat. Of those moneys double pieces may be struck, and of the first kind halves. Art. 6. The florin to contain 9 grammes 450-1000 of fine silver. The weight of the florin to be 10 grammes, with a tolerance of 3 milligrammes above and below the weight. The title to be 0.945 milliemes of fine silver, with a tolerance of 1 millieme, as well above as under the weight. Art. 7. The weight of the ryskdaalder to be 25 grammes; that of the half florin 5 grammes; that of the piece of 25 cents 3 grammes 575 milligrammes; that of the 10 cents piece 1 gramme 400 milligrammes; that of the 5 cents piece 685 milligrammes. The allowance of weight is, for the ryskdaalder, 2 milliemes; for the half florin, 5 milliemes; for the piece of 25 cents, 6 milliemes; for the 10 cents piece, 10 milliemes; for the piece of 5 cents, 12 milliemes of gramme, as well above as below. Art. 8. The title of the ryskdaalder and half florin to be the same as that of the florin, with the same tolerance. The title of the money d'appoint in silver to be 640 milliemes, with a tolerance of 4 milliemes above and below in weight. Art. 13. The gouden Willem to contain 6 grammes 56 milligrammes of fine gold. The weight of the gouden Willem to be 6 grammes 729 milligrammes, with a tolerance of 11 millieme of the weight above and below. The weight of the double gouden to be 13 grammes 458 milligrammes, with a tolerance of 1 millieme of the weight above and below. The weight of the half gouden to be 3 grammes 364 milligramines, with a tolerance of 2 milliemes of the weight above and below. The title of the gouden Willem, as well as of the double and half, to be 900 milliemes, with a tolerance of a half millieme above and below. Art. 15. The golden ducat to contain 3 grammes 434 milligrammes of fine gold. The weight of the gold ducat to be 3 grammes 494 milligrammes, with a tolerance of 1 millieme of the weight above and below. The weight of a double ducat to be 6 grammes 988 milligrammes, with a tolerance of 1 millieme of the weight, above and below. The title of the simple as of the double ducat of gold to be 983 milliemes, with a tolerance of millieme, above and below the weight. In the meantime, and as the new system comes into usage, all old coins and denominations of specie values, in circulation according to former laws, to remain still legally current, and receivable in all payments as before. BANKS AND BANKING IN IRELAND. Previous to 1783, the whole of the banking business was carried on by private individuals. The failure of many of these led to the establishment, in that year, of the Bank of Ireland, with similar privileges to the Bank of England, the most important of which was, the restricting of all other banks to six partners each. In 1797, when the Bank of England suspended its payments, the same privilege was extended to Ireland. After this period, the issues of the Bank of Ireland were rapidly increased. In 1797, the amount of its notes in circulation was £621,917; in 1810, £2,266,471; and in 1814, £2,986,999. Its capital, originally £600,000, was increased at different periods, and now amounts to £3,000,000. It draws on London at ten days' date, grants no cash credit, nor allows interest on deposits. In 1804, there were fifty private banks in Ireland, all of which have failed or wound up their accounts, except three in Dublin that continue to transact business. About that period the silver currency of the country, though generally in a debased state, became more valuable in the form of bullion, and was all melted down. The place of the coins was supplied in Dublin, and many other parts, by counterfeits; and, in several districts, by a paper currency, issued for sums decreasing from 6s. to 3d., and even less. It is estimated that in 1804 there were 295 issues of this paper money, chiefly by merchants, shopkeepers, and petty dealers. The mischiefs arising from this system led at length to its suppression by law, and the wants of the trade were supplied by stamped dollars rated at 68., and by silver tokens of 10d. and 5d., issued by the Bank of Ireland. In 1821, the charter of the Bank of Ireland was renewed for seventeen years, and its capital was enlarged to £3,000,000, of which £1,615,384 was deposited with government at 4 per cent, and £1,015,384 at 5 per cent; total, £2,630,768. The yearly dividends of the bank have been at no time less than 5 per cent, except in 1783-4, when they were 5, and in 1792-3, 2. From 1800 to 1814, they were 7, 74, and 7; from 1814 to 1829, 10 per cent, excepting two years; and since 1829, the rates have been 9, 84, and 8 per cent. Besides these dividends, the proprietors, at different times since 1793, have received bonuses amounting to £665,000 Irish. On the renewal of the Bank of Ireland's charter in 1821, joint stock banks were allowed to be established beyond 50 miles Irish from Dublin; but the arrangement was inoperative until several vexatious restrictions were repealed in 1824 This relief was followed by the institution of the Provincial, Hibernian, Northern, and some other banks. The Provincial, established in 1825, is managed by a board in London, assisted in the towns in which it has branches by a local agent, and a committee of shareholders of ten shares and upwards. The Northern, Belfast, and Ulster Joint Stock Banks, are confined chiefly to Ulster. The National Bank has a board in London connected with local banks in the principal towns in Ireland. The capital of each bank is subscribed by, and the profits divided equally between, the London board, and each local bank—the supreme control being in the former. The Bank of Ireland, and all the joint stock banks, except the Hibernian and Royal, issue notes for £1 and upwards. Their total circulation in 1840 was from £5,500,000 to £6,500,000. Most of the banks have branches; the Bank of Ireland began to establish them in 1825. Since the expiry of the Bank of Ireland's charter in 1838, it has been continued by act of Parliament from year to year until 1845, when it has been regulated by the new banking act, 8 and 9 Vic. c. 37, according to the following principles:-The bank to continue the banker of government, which is to pay, for the ten subsequent years, 34 per cent on the debt it owes to the bank. The proceedings of the establishment to be under the same rule which has been applied by Parliament to other banking institutions, and to make weekly returns, similar to those of the Bank of England under the new act, containing a full development of its affairs, the amount of its bullion, and the variations in the quantity thereof. The oath for the discouragement of Popery has been discontinued, no distinction being now to be made as to the oaths administered to Protestant and Catholic directors on their entrance into office, or to members before voting. The proposal for this alteration came from the existing board of directors, which consists chiefly of Protestants. By the same act, any bank privileged to make and issue notes may relinquish this right in favor of the Bank of Ireland according to certain regulations, (Stat. 8 and 9 Vic., cap. 37, 1845,) but cannot resume such privilege. Persons having charge of public moneys may be members of banks-the restriction preventing joint stock banks being carried on within 50 miles of Dublin repealed-members to be responsible for the liabilities of the bank-may sue and be sued in the name of their officers-names of partners to be returned annually to the Stamp Office, (penalty £50,) and to be published in the Dublin Gazette. Bankers who have issued notes in the year preceding 1st May, 1845, and none others, may continue such issue on receiving a certificate from the Stamp Office stating the average amount of their notes during that period, and of the amount of their gold and silver coin-weekly accounts of the amount of notes and gold are to be rendered to the Stamp Office, and a four weeks' average of same to be set forth; if the monthly circulation exceed the average, the excess to be forfeited-monthly return of averages to be published in the Dublin Gazette-bankers' books may be inspected by an officer of stamp duties, with consent of the Treasury-notes to be for a pound or pounds only, without fractional parts; penalty £20. Notes of bankers or others, bills of exchange, transferable orders and undertakings for delivery of goods, issued after 1845 to be void, if under £1; penalty £5 to £50. Notes for £1 or less than £5 issued after 1845, must specify the name and place of abode of the person to whom payable; with other provisions--penalty £20. Persons issuing notes for less than £5, payable on demand, (except hankers,) to forfeit £20. Drafts or orders may be drawn on a banker for payment of money held by him to the use of the drawer. The new regulation took effect 6th December, 1845. The amount of the average circulation of the joint stock banks in Ireland issuing notes, during one year preceding the 1st day of May, 1845, as published in the Dublin Gazette, pursuant to the act 8 and 9 Vic., c. 37, was rated at £6,354,494. The number of the joint stock banks now doing business is given in the annexed table :When No. of Capital instituted. branches. paid up. £3,000,000 £3,738,428 Bank of Ireland... Fixed issues. NAME. Hibernian Joint Stock Company, Dublin*.. 1783 23 3 250,000 |