$ 7,425,079 58 209,1 7,794 29 820,819 64 2,220,814 96 97,270,884 09 436,351 15 1,430,478 54 117,961 44 638,985 39 106,657,851 41 6,678,300 15 6,7 6,042 68 23,120,259 97 3,732 113 31 78,923,350 00 5,213,020 99 12,934,635 62 311,856 47 1,231,580 81 64.331,900 00 44,037,200 00 8,984,100 00 4,802,400 00 5,358,200 00 17,813,350 00 8,152,550 00 6,611,750 00 11,525,377 55 1,971, 70 00 2,096,525 70 3,989,384 00 3,100,402 00 1,827,921 00 187,448 00 9,138 00 72,661 00 6,353,205 61 892,640 25 572,419 48 47,880,798 28 9,894,009 28 14,503,725 40 31,335,800 00 12,578,350 00 12,506,295 00 559,327,209 18 227,282,248 78 187,836,227 85 72,968,662 17 61,396,250 46 45,347,257 71 42,387,428 37 39,016,913 25 THE NATIONAL BANKS-THEIR CONDITION FIRST MONDAY OF JULY, 1867. We have received from Mr. Hurlburd, the Comptroller of the Currency, the following statements of the National Banks of QUARTERLY REPORTS OF THE NATIONAL BANKING ASSOCIATIONS OF THE DIFFERENT STATES. New York. Massachus'ts. Pennsylvania. Ohio. Connecticut. Illinois. 4,812,250 00 1,494,800 00 412,200 00 2,352,400 00 701,600 00 245,600 00 392,266 97 12,434,850 00 1,178,500 (0 987,650 00 180,653 58 351,344 00 226,126 90 812,272 00 414,063 00 252,749 00 41,889 00 20,738 00 62,735 35 33,962 22 4,715,511 52 1,047,370 03 3,191,840 00 1,885,780 00 1,834,160 00 1,017,670 00 559,327,209 18 227,282,248 78 187,836,227 85 72,968,662 17 61,396,250 46 45,847,257 71 42,887,428 37 39,016,913 25 40,214,526 84 84,096,143 48 Aggregate. 5,851.251 54 1,811.201 85 5,013,625 25 1,868,051 81 3,944,581 78 1,229,239 53 3,645,959 01 1,684,705 67 407.826 24 565,939 95 292.3-5 01 326,163 83 312,208 55 438,053 86 441.740 07 46,399 89 412.880 47 261,213 52 207,198 87 1,044 06 276,903 48 2,462 69 116,513 51 46,065 82 68,461 78 86,115 59 17,848 36 151,632 11 1,816,854 27 87,536 88 8,506 48 58,496 35 2,262 58 259,119 53 168,822 26 21.144 24 115,935 58 49,975 06 592,753 01 105,063 02 2,784 12 92,495 65 8,469 72 63,366 79 21.883 28 67,253 35 200,009 59 80,528 00 60,355 00 2,375 00 96,362 00 13,414 00 59,130 00 3.000 00 34,808 00 678,365 61 577,367 61 265,313 57 537,517 02 279,468 08 304,934 40 229,701 73 119,975 33 181,148 47 176,377 89 23,501,232 54 18,839,573 03 16,401,371 56 15,267,419 66 13,213,656 78 12,011,606 97 10,778,686 02 4,523,076 21 7,547,017 91 7,843,246 05 DEBT AND FINANCES OF BUFFALO. The Comptroller of Buffalo, under date of July 1st, 1867, has issued his report on the financial affairs of that city for the year ending December 31, 1866, embracing the whole field of its valuation, taxation and indebtedness, and the receipts and disbursements on all accounts. The report also contains a comprehensive exhibit of the progress of the city, as relates to its finances, for the ten years ending as above. From this very valuable document we have compiled the following summary. The debt liabilities of the city are ranged under the two heads of funded debt and temporary loans, which together amount to $905,334. The following are the details of the Funded Debt as it existed at the close of the year 1866: The temporary loan liabilities have been contracted for purchases at the annual tax sales and for payments for school lots. follows: Date of issue. July 1, 1862. The details are as Amount - - Interest. Prin. Dec. 31,'66. Rate. Payable. paya'le $40,000...7...Jan. & July...1867 For what purpose bonds were issued. Purchases at tax sales, 1869. 1, 1863. 25,000..6.. ...1868 ...1869 1, 1864. 1864. 24,538 .7... 66 ..'68'69 ..'67'70 ..'68'71 Sep. 18, 1-63. .School lot in Dist. 34 July 1, 1865. 4,567...7...Mar. & Sep.1878 Apr. 15, 1866. 4,904...7...Jan. & July...1867 3,840...7..Apr. & Oct...1871 -total December 31, 1866, $293,334. Buffalo, including Squaw and Cranberry islands, covers an area of 23,874.64 acres. The distribution of the area is thus-taxable lots, 20,856.74 acres; streets, 2,043.64; creeks, canals, slips and basins, 483.73; school lots, 28.54; engine-houses and police-stations, 1.27; market grounds, 10.90; church lots, 18.09; cemeteries, 257.32; public grounds, 31.29: hospital and asylum lots, 43.80; pest-house lots (on Squaw and Cranberry Islands), 8.75; Erie County property, 60.31; New York State property, 2.77; United States property, 38.89 acres. The public improvements of the city consist of-paved streets, 54.17 miles; plank side-walks, 217.24; stone sidewalks, 63.11, and sewers, 57.76 miles. Total length of streets, 297.57 miles. The Assessors' valuation of property belonging to the city in 1866 was $697,060, viz., engine lots and houses, $63,360; central school property, $39,400; squares and parks, $329,250; markets and market grounds, $177,000; public burying grounds, $16,000; police-stations, $13,000; courthouse and jail, (5-8ths of 90,000) $56.250; pest-house and grounds $2,800. These values are not assessable for taxation. The total valuation of school property (general and local) is $321,970. The population of the city by the United States census was, in 1810, 1,508; in 1820, 2,095; in 1830, 8,668, in 1840, 18,213; in 1850, 42,261; in 1860, 81,129. The Erie Canal was opened in 1825, and the Albany and Buffalo line of railroads in 1842. The population by the State census of 1855 was 74,214; of 1860, 81,129, and of 1865, 94,502. The increase from 1860 to 1865 was 16.49 per cent., or a fraction more than 3 per cent. per annum compounded. At the same rate the population in 1866 would be 96,872. The valuation of real and personal property for taxation in each of the past ten years has been as follows: It will be seen that the total valuation in 1857 was larger than in the year 1866. This may be attributed to the fact that the general revulsion of business during the former year occasioned severe losses to the business community, and the valuation of property gradually fell for several succeeding years, until it had reached its minimum in 1860 and 1861. After that time it has as gradually increased to its present valuation. It may be remarked, also, that the valuation placed on personal property is not commensurate with that of real estate, which may be accounted for by the general investment of surplus capital in national securities, which are not liable to taxation. The accounts of the city are kept so as to show the receipts and expenditures based on general tax and other city income separately from the receipts and expenditures dependent on local assessments. The latter are chiefly for street, district school and other improvements. The receipts and expenditures of the general fund, according to the comptroller's statement, for each of the last ten fiscal years: The general fund is raised by a tax levied annually upon the whole valuation; the income from markets, fees, and interest upon taxes, licenses, fines and penalties are also credited to this fund, which furnishes the means to defray the ordinary expenses of the city government. Of the receipts in 1866, $460,262 03 was from taxes, $32,219 75 from school fund, and the remainder ($38,526 89) from miscellaneous sources. The tax receipts would indicate a rate of $1 on the $100 valuation. The principal objects of expenditures in the same years were: schools, $151,909 66; police, $56,772 77; fire department, $45,841 03; public debt interest, $36,542 13, and principal, $8,000; lamps, $32,405 96; water, $20,004 25; treets, $13,856 22; public health, $11,930 11; harbor, $13,8C2 10; &c., &c. A table in the report specifies the expenditures of each department for ten years. The financial condition of the city, as shown on the general balance sheet of December, 1866, was as follows: The following compares the population, valuation, income and expenditures, debt, and the total liabilities and resources of the city in 1860 and From this it appears that the valuation is lower in 1866 than in 1860 by $12.12 per capita. In the meanwhile the expendi.ures have increased from $3 23 to $5 01, or 34.32 per cent. The funded debt is but a fraction higher. Considering the increased cost of labor and commodities, this result exhibits a rare instances of municipal economy. LIFE INSURANCE IN THE UNITED STATES. The following table, compiled for the MERCHANTS' MAGAZINE by Mr. John Eadie, Secretary of the United States Life Insurance Company, of New York, exhibits, at a glance, the condition, number, date of organization, &c., of the Life Insurance Companies of the United States: |