The Development of Banking in Illinois 1817 1863

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Louis, and thus supplied the demand for change much more easily than its larger rivals who depended upon gold and silver or the notes of other banks for amounts less than five dollars. The directors made a specialty of the small notes, for the fact that they ^^^Laws of Illinois, 1851, p. 120.
253Goodspeed, pub. , History of Gallatin, etc. , Counties, 100.
^^*Chicago Democrat (weekly), September 10, 1853.
-^^Sangamo Journal, December 24, 1839.
^^^Chicago American, January 15, 1841.
-^^Greene and
... Thompson, Governors' Letter-Books, ii, 60, 6r.
4S5] r, AXKL\(; and internal improvements 127 were always in demand kept them from being presented for redemption. -^® In reply to the charge of a St. Louis paper to the effect that the bank was not solvent, the cashier published a statement in September, 1840, of the resources and liabilities. At that time a circulation of |200, 138. 00 and deposits of about |] 3, 000 ccmstituted the only liabili- ties in addition to the capital and surplus of |295, 000.


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