Brookes’ Universal Gazetteer, page 800
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BANKING AND MONI ED

INSTITUTIONS.

The Bank of Amsterdam was established in 1609, and is a hank merely of deposit and transfer:
it neither makes, loans, nor circulates bills.

The Bank of Hamburg was established in 1619. The amount of its deposit, varies fron 10 to 15
millions of dollars.

The Bank of England is one of deposit, discount and circulation. It was established in 1694,
and its original capital was £1,200,000, which in 1781 had been increased to 11,642,400. The amount
of loans to the government has increased with the capital of the bank. It appears by some recent
discussions in Parliament, that the gross returns to the hank, from its transactions with the govern-
ment, are £1,390,898 per annum, the National debt being 860 millions.

The Bank of France was established in 1803, by the union of three private banking institutions
of Paris, with a capital of 45,000,000 francs. This like the Bank of England, is a bank of deposit,
discount and circulation. The bank has coined, from 1820 to 1828 about 118,400.000 francs. The
amount of bullion and coin in the coffers of the bank at the same time was 240,000,000 francs. The
number of shares was 69,000.

Of thfe other banks of Europe, that of Genoa was once the most considerable. Some of the
other principal banks of Europe are those of Altona, Berlin, Copenhagen, Madrid, Naples, Christi-
ania, Rome, Rotterdam, Stockholm, Stuttgard, Vienna, and the Imperial banks of Russia.

The Bank of the United States, at Philadelphia, has 25 branches at the following places.

Portland,    Utica,    Norfolk,    New Orleans

Portsmouth,    Buffalo,    Fayetteville,    Nashville,

Burlington,    Pittsburg,    Charleston,    Lexington,

Boston,    Baltimore,    Savannah,    Louisville,

Providence,    Washington,    Mobile,    Cincinnati,

Hartford,    Richmond,    Natchez,    St. Louis.

New York,

The situation of the Bank on the 1st of August, 1831, was as follows:

Public debt fund, .........    3,500,000

Discount on personal security, .    .    .    ...    .    .    .    41,600,000

“ on funded security,    .......    ’    800,000

“ on domestic exchange,    .......    14,400,000

Circulation,.....  22,300,000

Deposits, .    .........    16,300,000

Specie, .    .    ........    11,500,000

Notes of State Banks, equal to Specie, .......    2,100,000

Surplus profits, .    .    ........    1,750,500

Surplus provision for bad debts, ........    309    000

Bonus for Bank and 5 per cent, from Gov’t, paid and liquidated,    .    .    1,705,000

Increase of investments since 1822,    .......    32,250,000

Net Profit for one year, ending July 1, 1822,    ......    1,469,445

“ for one year, ending July 1st, 1831,    .....    2,925,000

Amount of Bills bought and sold, and Treasury Transfers, ....    98,000,000

In August, 1822, amount of discounts of Bank and Branches for domestic purposes,    15,700.000

Same in 1831,    ..........    53,000,000

The present charter of the bank extends to March 3d, 1836. There were besides in 1831 in the
different States, 354 banks with capitals, from $2,050,000 downwards, amounting to about 161,154,535
dollars, including the United States Bank. The paper currency in 1830 was estimated to amount to
77,000,000 dollars.

800

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Brookes' Universal Gazetteer of the World (1850)


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