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The Southern Banks.

--The condition of the banks of the South having attracted some attention, we present the following statement of their capital, circulation and specie, as they were in January last. It will be observed that the proportion of specie is large, being nearly half the amount of notes in circulation. At this season the Southern Banks are always taxed to their utmost capacity, to make the necessary advances on the cottons shipped to the North and to Europe. It is customary, at this time of the year, for the banks in the cotton-growing States to withdraw from ordinary customers the usual facilities granted to them, in order to purchase cotton bills of exchange. While current payments at the North remain unliquidated, the proceeds of the cotton bills are applied to payment of those maturing liabilities, and this season is always the one at which Southern payments are made. The refusal to discount paper by any of the banks in the South most, therefore, not be taken as an evidence of weakness, but the simple result of the fact above stated. The present condition of the exchanges indicates that the South has paid off her accrued indebtedness, and following the laws of trade, we must soon expect to ship specie to Southern ports in moderate amounts. The accession of a few millions will soon enable the banks to expand and resume their loans on local paper:

District Columbia1,232,000360,00030,000
North Carolina6,891,0005,000,0001,500,000
South Carolina13,588,0007,50,0002,500,000
Northern Banks236,011,000104,154,00041,908,000
Total U. S.$435,000,000194,154,000$5

(Philadelphia Ledger.

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