64 



BANKS, U. S. 



BOSTON. 



42 BANKS CAPITAL, JANUARY, 1859, $35,125,433 ; JUNE, 1861, $38,231,700. 



account of the banks. The bonds were to draw 

 interest from Aug. 19, and the Secretary to 

 draw for the money no faster than he wanted 

 it. The amount to be divided among the banks 

 of the three cities according to their capitals ; 

 New York $30,000,000, Boston, $15,000,000, 

 and Philadelphia $5,000,000. Boston subse- 



quently refused to take more than the propor- 

 tion of $10,000,000, and New York therefore 

 took $35,000,000. Accordingly, the bank re- 

 turns of Aug. 24 show the increase of the loans 

 to the Government, and the corresponding in- 

 crease of deposits against which the Depart- 

 ment drew, at the rate of about 10 per cent. 



