The following table contains the number of banks, the aggregate capital, specie, circulation, ratio of specie to the circulation, deposits not on interest, and ratio of specie to the circulation and deposits, in Boston, for thirty-seven years, from 1803 to 1839, inclusive, according to the bank returns. 7,350,000 00 790,068 86 1,272,226 00 1 61 2,599,025 11 4.89 1821 7 6,550,000 00 2,277,909 69 1,329,411 00 432,615 73 1,191,971 00 1,353,892 00 1,119,828 58 1,796,600 52 Agg 201 360,519,300 63 41,124,573 7572,476,462 75 7 yrs. from 5 3 1833 to 1839. 6 18,579,385 807 1,090,575 137 3,384,788 147 37 yrs. from The circulation in this, and the other tables, includes "bills or notes in circulation, bearing interest," from 1825 to 1828. the period of five years, and $5 9353 245 216 per cent. in that of $6 163 per cent. in that of 32 years. Stockholders hav ceived on their stock, during the whole period of 32 sixth part of one per cent. per annum, more than six p the whole time amounts to $5 42 per cent. 245 The aggregate of capital of all the banks in 32 years, f has been $545,679,507 28, and the aggregate of divide rate of $6 16256 per cent. per annum, has been $33,66 $925,310 44 more than $32,740,770 44, the interest: annum. During these 32 years, the annual average been $17,052,484 604. It has been estimated that the loss to stockho Massachusetts, in 32 years, from 1808 to 1839 incl which it is probable those banks which have wou winding up, have failed, or will fail, of paying par about $2,000,000,-scarcely a dollar of which 1 within the last three years. If we take from this terest received over six per cent., which the b dends to stockholders during this time, $925,310 sum of $1,074,689 56, as the remaining loss. average dividends during this period about th $100, and make the annual average dividends cent., half of which has been semi-annually stock over and above the loss to stockhol added in this connexion, that, according to t 1839, the "amount of reserved profits at the dividend," that is, on the 7th of October, 1839 after deducting $894,982 16 for "debts d sidered doubtful," on the supposition that less, will be $621,343 18, and will reduce make the profits to have amounted to over the thirty-two years. This is indeed only if we were to go through the labor of asc paid semi-annually, or the amount paid by it is probable that the result would no have reference to the original par value ‹ shares may have cost individuals who af result will bear a favorable comparison generally in other securities. generally have not been so profitable, profitable. We may The loss to bill-holders and to depo very heavily on a very few individ $650,000 in the aggregate, or about The fraud or folly which has brough public indignation. The mass of st the mismanagement as the confiding holder generally has it in his pow their par value, and, with the der stockholders can receive thing any red dollars on bank bills, is no gre lars on bank stock. 707,777 81 12 4 1.398,912 891 60 jears refor E, O ht. was the number of banks, the aggregate capital wor Besten, for thirty-seven years, from th 88 pe ne Circulation il, specie, circularatio of specie to thirty-seven years, The following table contains the number of banks, the aggregate capital, specie, circulation, ratio of specie to the circulation, deposits not on interest, and ratio of specie to the circulation and deposits, in the banks out of Boston, for thirty-seven years, from 1803 to 1839, inclusive, according to the bank returns. The following table contains the number of banks, the aggregate capital, specie, circulation, ratio of specie to the circulation, deposits not on interest, and ratio of specie to the circulation and deposits, in all the banks of Massachusetts, for thirty-seven years, from 1803 to 1839, inclusive, according to the bank returns. |