122 The Financial History of Connecticut. 



C. Wild Lands Located in 



Okio New York Vermont Total 



1847 $40,856 $13,496 $7,909 $62,261 



1851 16,476 9,800 6,343 32,618 



1855 441 5,257 1,777 7.475" 



1860 None 



D. Bank Stock. 

 Number of Banks Amount of Stock 



The first point to notice in this table is the decrease in the capital 

 from 1847 to 1851. This was due to the depreciation of the culti- 

 vated lands which had been exchanged under Mr. Beer's manage- 

 ment.^ The commissioner, in his report of 1851, stated that on the 

 lands taken in exchange which had already been sold, there had 

 been the following depreciation from the original appraised value. ^ 



Farms in Connecticut, $28,500 



Farms in Massachusetts, 31,500 



Farms in New York, 4,000 



$64,000 



1 Cf. p. 79. 



2 Report of Commissioner of School Fund, 1851, p. 8. 



