Merchants' Bank of Virginia,Lynchburg, January 5, 1861.
Hon. John Letcher, Governor of Virginia: Dear Sir:
I herewith enclose you a statement of the condition of the Merchants' Bank of Virginia, on the 31st of December, 1860. Hon. John Letcher, Governor of Virginia: Dear Sir:
Very respectfully,
John F. Baugh, Cashier.
John F. Baugh, Cashier.
The Merchants' Bank of Virginia — Quarterly statement.
| Quarter end'g Dec. 31, 1860. | Correspnd'g Quarter 1859. | |
| Capital | $500,000.00 | $500,000.00 |
| less | 59,700.00 | 56,500.00 |
| held by the Bank | 440,300.00 | 443,500.00 |
| stocks authorized to be used as Capital | 312,402.86 | 335,402.86 |
| Real Estate | 8,428.20 | 5,424.70 |
| Coin | 46,218.73 | 42,622.04 |
| circulation | 230,272.00 | 204,800.00 |
| notes of other Banks | 8,652.00 | 3,691.00 |
| Deposits | 46,469.31 | 107,080.70 |
| Discounts | 323,459.31 | 376,358.18 |
| Loans to Directors | 18,500.00 | 10,050.00 |
| Debts due to Banks | 4,827.91 | 25,064.20 |
| Debts due from Banks | 18,565.66 | 15,406.48 |
| bad Debts | 00 | 00 |
| Doubtful Debts (in suit) | 5,871.35 | 4,156.51 |
| Exchanges — bought | 171,902.13 | 171,416.52 |
| sold | 167,383.02 | 167,156.99 |
| dividends | 13,209.00 | 15,622.50 |
| contingent Fund | 27,312.32 | 27,462.32 |
| Fives | $42,875.00 | 49,010.00 |
| Tens | 102,180.00 | 110,810.00 |
| Twenties | 103,820.00 | 111,440.00 |
| Fifties | 10,300.00 | 12,500.00 |
| One Hundreds | 19,300.00 | 22,400.00 |
| Odds | 10,370.00 | 2,410.00 |
| $288,848.00 | $308,370.00 | |
| On hand | 58,576.00 | 103,570.00 |
| $230,272.00 | $204,400.00 |
