Debts due and not paid. The City Bank, Providence, makes return of $28,583 04, debts due and not paid, which includes the balance of $10,250, due on an assessment of $42,000 made by the stockholders. It adds in a note, "nearly all this item ($28,583 04) is secured by mortgage on real estate, or the stock of this bank, standing in the name of the debtors." Banks not included in the preceding abstract. PASCOAG BANK. The president and cashier of the Pascoag Bank, Burrillville, report that the business of the bank remains in the same situation in which it has been for the last three years; that in consequence of its situation they are unable to make a full and balanced exposé of its affairs; but that its receivables are far beyond its liabilities. They further report, that the bank has not issued any bills for more than seven years past; that the circulation, if any, is small, and that all bills are promptly redeemed on presentation. It is now more than two years since any bills have been presented to be redeemed. HAMILTON BANK. The Hamilton Bank of Scituate having been placed in the hands of receivers by the act of the general assembly of June, 1849, and its president, directors, cashier, and other officers enjoined from proceeding further in transacting the business thereof, the receivers were authorized by a resolution adopted at the October session, 1850, "to make such compromises with the debtors of said bank as in their opinion will be to the advantage of the creditors, and to receive the bills of said bank in such cases as they may deem expedient." MECHANICS AND MANUFACTURERS' BANK, PROVIDENCE. No report was received from this bank at the late annual October session of the general assembly, as required by the act of June, 1849, the bank being then in the hands of commissioners, appointed by the governor October 17, 1850. The injunction ordered by the Supreme Court having since that date been removed, and the commission discharged, the bank resumed payment and the transaction of business November 14, 1850. 8 |