Bank of the Valley in Virginia,
Winchester,Oct. 29, 1860.
To His
Excellency John Letcher,
Governor of
Virginia:
Dear Sir:
I enclose statements showing the condition of this Bank on the 1st day of October, 1859, and 1st inst.
With great respect,
Your obedient servant,
H. M. Brent.
Cashier.
Condition of the Bank of the Valley in Virginia, including its Branches, Oct. 1, 1859:
| Specie | $388 968 41 |
| Notes of Banks incorporated by the State | 98,975 22 |
| Notes of Banks incorporated else where | 27,763 78 |
| due from other Banks | 894,486 67 |
| Notes discounted | 1,786,489 55 |
| Inland bills discounted | 418 204 74 |
| Virginia 6 per cent. Bonds | 5,400 00 |
| stock purchased to secure a debt | 8 000 00 |
| bond account | 30,112 06 |
| Real estate | 76,108 57 |
| apparent deficiency in the cash account of the late Teller of the Mother Bank, arising from over drafts, &c., permitted by him | 39,983 05 |
| $3 274,492 05 |
| Capital stock | $1,215,000 00 |
| Notes in circulation | 1,260,412 50 |
| due to other Banks | 184,936 31 |
| discount | 39,800 74 |
| Surplus fund | 133,737 70 |
| deposit money | 440,604 80 |
| $3,274,492 05 |
condition of the Bank of the Valley, in Virginia, including its Branches, Oct. 1, 1860.
| Specie | $381,139 99 |
| Notes of Banks incorporated by the State | 52,165.86 |
| Notes of Banks incorporated elsewhere, | 17,374.83 |
| due from other Banks | 306,749.54 |
| Notes discounted | 1,783,328.00 |
| Inland bills discounted | 437,017.28 |
| Virginia State stock | 5,400.00 |
| bond account | 29,212.06 |
| stock purchased to secure a debt | 8,000.00 |
| Real estate | 76,312.32 |
| apparent deficiency in the cash account of the late Teller of the Mother Bank, arising from over drafts permitted by him | 13,522.12 |
at the death of the late
Teller, which occurred on the 21st of August, 1859, there was found among his papers various checks, drafts, &c., which he had improperly paid and held up, there being no funds to the credit of the drawers at the time, many of which have since been paid, and the apparent deficiency on the 1st October, 1859, has been thus reduced to $13,522,12, which balance it is hoped will be fully settled in the same way.
| $3,110,222 00 |
| Capital stock | $1 215,000 00 |
| Notes in circulation | 1,176 315 50 |
| Due to other Banks | 141 545 16 |
| Surplus fund | 131 560 32 |
| Discount | 39,497 77 |
| Deposits | 406 283 25 |
| In addition to the amount of ascertained liabilities as stated above, it is proper to add that there may probably be due at the Mother Bank to Banks and depositors about $30 000 for omissions on the part of the late Teller to enter credits for remittances and deposits, the precise amount not yet accurately ascertained.
No ultimate loss, however, to the Bank or his securities is apprehended. | $3,110,222 00 |
| Aug. 1. | Sept. 1. | Oct. 1. |
| Indebtedness of Directors | $56,958.23 | 57, 186 21 | 54,165.05 |
The undersigned, Directors of the Bank of the Valley in
Virginia, have examined the foregoing statement, and find it correctly made up.
John N. Bell,
Jacob Baker,
William S. Zirkle,
Daniel Conrad,
J. P. Smith.
State Of Virginia--
Frederick County, ss.:
This day,
Henry M. Brent,
Cashier of the Bank of the Valley in
Virginia, personally appeared before the undersigned a
Notary Public in and for the county aforesaid, and made oath that the foregoing statement exhibits a true condition of said Bank on the 1st instant, as made up from the books of the Bank and the reports from the several Branches thereof.
Given under my hand, this 29th day of October, 1860.
J. S. Carson,
Notary Public.
