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200,000 Mar. 31 Sept. 31
Morris Canal and Banking Company, chartered in 1824, for 150 years, with banking privileges for 31 years. Capital, $2,000,000, half
of which is for banking purposes. This canal connects with the Lehigh canal on the Delaware, at Easton; thence through the
flourishing parts of New Jersey, connecting the iron regions of Dover to Newark. The latter part has been in operation since
September last, and the whole will be in operation next spring. The canal appropriation is $1,000,000. This canal passes through
Philipsburgh, New Village, Broadway, Washington, Andersontown, Hackettstown in the county of Warren, the Valley of the Mus-
conneteong, by Saxton's Falls, Old Andover, Stanhope, to Brooklyn in Sussex county, which is called the summit, from thence to
Drakesville, Suckasunny Plains, Dover, Rockaway, Powerville, Boonton, and Montville, in the county of Morris, which contain
from 40 to 60 forges and rolling mills, and from thence to Mead's Basin, Little Falls, Paterson, Bloomfield, and Newark, where it
discharges itself into the Passaic river. The counties of Bergen and Essex, contiguous to the canal, contain many cotton and woolen
factories; and this canal will also introduce to the city of New York an immense quantity of Lehigh coal.

RECAPITULATION.

There are four banks, with a capital of
And these have made dividends for

Making an interest of 6 cents.

By the foregoing rule, there must have been paper discounted for

$1,262,925

75,775

7,577,492

There is a Mutual Insurance Company at Newark, the capital of which is made up from premiums and deposits, amounting to $45,000; of which nearly $20,000 is in shares of stock of $5 each, on which a dividend is made of 4 per cent. annually. There is a Mutual Assurance Company at Elizabethtown, which commenced in 1829. The capital consists of premiums and interest thereon, amounting to $7,100.

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There are in this city thirteen banks, with an aggregate capital of And these have made dividends for

The Bank of Penn Township has $125,000 paid in, so that the dividend has arisen upon a capital of
Making an interest of 6.497 cents. By the foregoing rule there must have been paper discounted for
The United States Bank divides this year 7 per cent., which, added to its former dividends, is 70.10 cents from the commencement. From
the capital deduct the different branches mentioned in this report, will leave to be used in all other places an aggregate capital of
The dividend on this, at 7 per cent., is

Paper discounted on this, per rule, is

Stephen Girard's bank, in this city, is one of great usefulness, and deservedly popular; but being an individual establishment, is not noticed in this report.

$10,792,000

693,075

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There are in this city nine marine insurance companies with an aggregate capital of And these have made dividends for

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making an interest of 9.3109 cents.

There are also four fire insurance companies, with an aggregate capital of

1,600,000

And these have made dividends for

90,000

One of these, being a new company, makes no dividend; so that the dividend above has arisen upon making an interest of 6.428 cents.

1,400,000

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There are in this city ten banks, with an aggregate capital of

And these have made dividends for

Being an interest of 5.256 cents.

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By the foregoing rule, there must have been paper discounted for

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There are in this city four marine insurance companies, with an aggregate capital of

And these have made dividends for

Of these the Maryland has $150,000, paid in, on which its dividend is made; so that the dividend has arisen upon a capital of

Making an interest of 14.941 cents.

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One of the fire insurance companies makes no dividend; so that the dividend of this stock is 124 per cent. The Baltimore Equitable is a mutual company, and excessively useful: each insurer deposits a certain sum, which is returned at the expiration of the policy, less a proportion of losses incurred for the time.

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