The Daily Dispatch: October 10, 1861., [Electronic resource]

Bank of Pittsylvania,

Pittsylvania C. H., Va., Sept. 19th, 1861.
his Excellency John Letcher, Governor of Virginia: Sir:

I transmit herewith the first quarterly statement of the condition of the Bank of Pittsylvania, as it existed on the first day of July last.

the Bank was organized on the 4th day of April, 1861, by electing nine Directors, and commenced business, under the proclamation of the Governor, dated the 4th of may last.

Directors:

• W. W. Keen, President.
• Richard Jones,
• George W. Hall,
• George Craft,
• Tarpley White,
• J. H. Hargrave,
• Wm.Rison,
• A. S. Buford,
• J. M. Walker.

Very respectfully,
L. B. Conway, Cashier.

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A statement of the condition of the Bank of Pittsylvania on the 1st July, 1861. Assets:

property — safe	$440 00
Expenses	1,862 71

Bills receivable:

payable at this Bank	$101,680 00
payable at other Banks in State	18,936 39
payable at Banks out of State	4,300 00
	124,916 39
Interest, &c	2 82
due from other Banks and incorporated companies	4 64
State bonds	56,000 00

Cash.

in specie and specie certificates	$42,939 20
in notes of and checks on Banks in State	1,508 75
in notes of and checks on Banks out of State	220 00
	44,667 95
	$221,594 51

Liabilities

Capital stock subscribed	$127,200 00
amount unpaid	32,462 25
amount paid	$94,737 75
Circulation	$83,260 00
Notes on hand	2,990 00
	80,270 00
Deposits	44,342 15
Discount	2,244 61
	$221,594 51
Loans to Directors	$18,450 00

Circulation:

506 fifties	$25,300 00
506 twenties	10,120 00
1,012 tens	10,120 00
7,544 fives	37,720 00
	83,260 00
Amount of notes of this Bank on hand	2,990 00
Actual circulation	$80,270 00