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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.

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Charter,
$100,000
Capital Stock paid in, 59,845.21

Stocks deposited, $61,581.32 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

Capital Stock paid in, 50,000

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Bank of Belleville.

M. V. Hall, President; B. F. Hall, Cashier.

Belleville.

E. Miltenberger, President; S. E. Mandelbaum, Cashier.
Stocks deposited, $65,000
Circulation,

56,990

Charter,

$100,000 Capital Stock, paid in, 56,990

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Stocks deposited, $89,000 50 000

Circulation,

Charter,
$100,000
Capital Stock paid in, 50,000

Bank of Northern Illinois. Waukegan.

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Stocks deposited, $200,000 Circulation, 94,380

G. C. Smith, President; P. C. Briggs, Cashier.

$100,000

Charter,
Capital Stock paid in, 50,000

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

Stocks deposited, $104,814.75 Circulation, 73,668

Stocks deposited, $100,000
Circulation,

90,950

Stocks deposited, $55,000
Circulation,

52,780

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

Stocks deposited, $53,000 Circulation, 50,000

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

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Bank of Quincy. — Quincy.

Bank of Raleigh.

Thos. I. Ludus, President; R. M. K. Ludlow, Cashier.

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

Bank of the Republic. - McLeansboro.

Raleigh.

Wm. Stadden, President; R. C. Spain, Cashier.

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Stocks deposited, $25,000
Circulation,

20,500

Stocks deposited, $55,000 Circulation, 50,002

*Charter,

$100,000 Capital Stock paid in, 80,000

Central Bank. - Peoria.

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

Charter,
$200,000
Capital Stock paid in, 50,500

Chicago Bank. — Chicago.

Stocks deposited, $75,000
Circulation,

68,550

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

Charter,
$100,000
Capital Stock paid in, 59,501.29

Stocks deposited, $31,000
Circulation,

29,397

Stocks deposited, $50,500
Circulation,

47,975

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

Stocks deposited, $119,328.25 Circulation, 50,014

Clark's Exchange Bank. - Springfield.

(Closing.)

N. H. Ridgely, President; Chas. Ridgely, Cashier.
*Charter,
$200,000
Capital Stock paid in, 10,107.07

Stocks deposited, $21,056.41
Circulation,

10,000

*According to Monroe.

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Farmers and Traders Bank. Charleston.

H. Sanford, President; G. E. Loving, Cashier.

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Charter,

Capital Stock paid in, $150,000

Grand Prairie Bank. - Urbana.

Grayville Bank.

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.)

Stocks deposited, $27,000
Circulation,

25,005

W. H. Murstin, President; Thos. A. Marshall, Cashier.
Stocks deposited, $157,500
Circulation,

149,785

Hamilton County Bank.

Stocks deposited,
Circulation,

W. N. Coler, President; T. S. Hubbard, Cashier.
$100,000

Capital Stock paid in, $331,698.91

McLeansboro.

Stocks deposited,
Circulation,

Grayville.

E. Chasy, President; L. B. Clark, Cashier.

Capital Stock paid in, $110,000

Lafayette Bank. - Bloomington.

$60,000 52,300

$5000

4470

W. H. Cord, President; J. L. Stockton, Cashier.

Stocks deposited, $458,297.86
Circulation,

331,696

Stocks deposited, $110,000
Circulation, 101,870

Marine Bank of Chicago. — Chicago.

J. Y. Scammon, President; B. T. Carver, Cashier.
Charter,
$550,000
Capital Stock paid in, 150,000

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Stocks deposited, $198,767.15
Circulation, 100,705

McLean County Bank. - Bloomington.

C. A. Gridley, President; T. Pardee, Cashier.
$100,000

65,000

Charter,
Capital Stock paid in,

Merchants and Drovers Bank. — Joliet.

Charter,

Wm. Smith, President; R. E. Goodell, Cashier.
$250,000
Capital Stock paid in, 189,638

*Charter,
Capital Stock paid in,

Mississippi River Bank. Oxford,

Merchants and Mechanics Bank. — Chicago. (Closing.)
James H. Woodworth, President.
$100,000
85,500

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National Bank. - Equality.

Stocks deposited, $68,000
Circulation,

64,998

C. C. Merriam, President; W. H. Merriam, Cashier.

Stocks deposited, $191,346.92
Circulation,

178,331

Morgan County Bank.-Jacksonville.

H. R. Reed, President; W. W. Wright, Cashier.
*Charter,
$50,000

Capital Stock paid in, $464,516 Prairie State Bank. - Washington.

Stocks deposited,
Circulation,

E. J. Humphrey, President; W. H. Crawford, Cashier.
Stocks deposited, $80,000
Circulation,

74,376

Capital Stock paid in, $80,000 Peoples Bank.

- Carmi.

S. Vorhies, President; E. Dodge, Cashier.

Capital Stock paid in, $104,160

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J. L. Marsh, President; H. Lee, Cashier.

Stocks deposited, $500,000
Circulation, 464,515

Railroad Bank. - Decatur.

P. D. Kline, President; C. H. Fuller, Cashier.
Charter,
$50,000
Capital Stock paid in, 56,000

$6000 5561

Stocks deposited, $115,000 Circulation, 104,160

Rock Island Bank. Rock Island. (Closing.)

M. B. Osborn, President; S. H. Mann, Cashier.
*Charter,
Capital Stock paid in, 50,000

$100,000

Stocks deposited, $50,000
Circulation,

48,050

Stocks deposited, $18,000
Circulation,

16,007

* According to Monroe.

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