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The Bank of Albany. ALBANY, Saturday, May 11, 1861. The Directors of the Bank of Albany to-day applied to the Court for the appointment of a Receiver, with a request that the appointment be poetponed for a few days to give time for further examination of the affairs of the bank.
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Temporary Bank Suspension. ALBANY, Saturday, May 11, 1861. There has recently been a change of officers in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the Bank suspended business to-day, for the purpose of instituting a thorongh investigation into its affairs. Adam Van Allen is now acting as cashier. The bills of the bank are received as usual at par by all the other banks in the city, and arefully secured. The suspension, however, creates much excitement in town.
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The Bank of Albany, ALBANY, May 19, 1861. The statement in the money article of the New. York papers, that Cashier Kendrick, of the Bank of Albany, has absconded, is without any foundation. Mr. Kendrick is in this city, and has been for eight days confined to his bed by sickness. The condition of the Bank is not yet known. There are several conflicting rumors afloat. It is confidently stated by some that not more than half the capital of the Bank is impaired. Canal deposite to the amount of over $90,000 are in the Bank. Auditor Benton was at the Bank last night and it is understood an injunction WRS served upon the Bank last night on the part of the State. Another dispatch says the affairs of the Bank are in a very bad condition. Its entirecapital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositore. Its circulation is about $70,000, which is secured by $77,000 worth of New-York and United States stocks. The Directors of the Bank are among our wealthiest and most respected citizens, and they are the largest stockholders. The Bank has been enjoined by the Attorney-General, and a Receiver will probably be appointed to-morrow.
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Temporary Bank Suspension. ALBANY, May 11.-There has recently been a change of officers in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the Bank suspended business today, for the purpose of instituting a thorough investigation into its affairs.
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Bank Suspensions. ALBANY, N. Y, May 11-There has recently been a change of affairs in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the bank suspended busines to-day for the purpose of instituting a thorough investigation into its affairs. A (nother dispatch says the affairs of the bank are in a very bad condition. Its entire capital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositors. Its circulation is about $70,000, which is secured by $77,000 worth of New York and United States stocks. The directors of the bank are among our wealthiest and most respected citizens, and they are the largest stockholders. The bank has been enjoined by the Attorney General, and 3 receiver will probably be appointed.
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GOING OVERBOARD.-The - Bank of Albany, N. Y., has suspended payment-" temporarily," the Northern papers say.
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The Bank of Albany. ALBANY, Monday, May 13, 1861. Adam Van Allen has been appointed Receiver of the Bank of Albany. Tue selection gives much satisfaction to the creditore of the Bank. The Superiotendent of the Banking Department states that the notes of the Bank are entirely secure, more than sufficient securities being in the department to redeem every dollar in circulation promptly. The entire capital of the Bank is gone, but from the present condition of the books, it is impossible to decide where. Creditors are believed to be fully secure in time, as the directors are fully able and willing to pay all its debts in fall.
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The Bank of Albany. ALBANY, May 13, 1861. Adam Van Allen has been appointed Receiver of the Bank of Albany. The selection gives much satisfaction to the creditors of the bank. The Superintendent of the Banking Department states that the notes of the bank are entirely secure, more than sufficient securities being in the department to redeem every dollar in circulation promptly. The entire capital of the bank is gone, but from the present condition of the books it is impossible to decide where. Creditors are believed to be fully secure in time, as the directors are fully able and willing to PAY all its debts in full.
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ITEMS. San Francisco, May -Great enthusiasm for the Union in California. The legislature has passed bill for the election of members of Congress on the 20th of May. Washington. May 12.-The report that Gen. Butler's scouts had been driven in the Relay house was false. Louisiana.- The danger of a negro insurrection is considered imminent. New York, May 12.-The Union men of Maryland are indignant at the marching of secession troops into that state. It is said that Gov. Letcher has ordered them to with draw. The enlistments for the navy are so rapid that the whole quota will be speedily made up. In the conflict at St. Louis between the troops and the mob, twenty of the latter were killed or wounded. Gen. Frost's secession brigade, which had been captured by the U. nion forces, was discharged on taking ano not to bear arms against the United States during the present war. The N Y. Commercial Advertiser is assured that Gen. Scott knows every movement of the enemy, and the position, numbers and character of his troops. Gen. Twiggs threatens a visitand chastise. ment to Ex-President Buchanan for calling him traitor. Then the fellow is really shamed of himself. The bank of Albany has suspended for the present. Perhaps it had too many Virginia bonds. The Western Virginia Convention met on the 13th to form a new State. to be called New Virginia Thus does secession come back to plague the inventors. or Advices from California state that the prevailing opinion there was in favor of sustaining the President at all hazards in his endeavors to preserve the Union. Prayer FOR THE NATION. Rev. Drs. Sears and Wayland, Bishop Clark, and other prominent Christians of Providence, have is. sued a request to their fellow-christians thro : out Rhode Island. to observe the third Sabbath of this month as day of special prayer for the country 10 In Kansas the crops promise first rate this year. The prospect has not been so good a for several years, in agricultural matters. as at present. NOBLE REPLY is related of the celebrated John Howe, chaplain of Cromwell, that being often applied to for protection by 8 men of all parties. in those eventful times, he never refused assistance to any worthy person. whatever his religious views till one ii day Cromwell said to him. Mr. Howe, you have asked favors for every body except yourself; pray, when does your turn come? "My turn, my Lord Protector." said Howe, it always come when I can serve another w One great cause of the weakness of Christianity lies in the antagonistic, not to say i destructive, disposition of its professors one towards another IV It is stated that one of the Massachusetts soldiers who was mortally wounded and bled to death while in the last struggles stood erect. raising his right hand toward g heaven and exclaimed All hail to the stars and stripex and expired instantly IV The Littleton (N. H.) Journal says that as soon as tidings of the threatened attack on Washington reached that town. Mr Benjamin W. Kilburn took down his rifle and s' started for the nation's capital. to aid in its h defence He is said to be an excellent marks man, and anxious to cover a fighting secessionist with the sights of his gun He bears his en expenses in the service of his country. Such promptitade equals that of John Stark of revolutionary memory. FAILURE OF THE BANK OF ALBANY A1bany, May 13 Allen sheen appointed Receiver of the Bank of Albany The State Superintendant states that there are more than sufficient securities in the department to redeam all the notes. The creditors are believed (1) befully secured. as the Directors are willing to pay all debts in full. May 14.-A tornado passed over the district of Orangeburg, South Carolina. on the 6th. doing great damage to property and killing several persons. All the boats going down the Mississippi are stopped at Cairo. No provisions are lowed to pass down the river The Memphis (Tennessee) Appeal says the levee has been cut below Friar's point, inundating the crops and causing great damage Major Anderson says the question 18 Government or no government, and he feels satisfied that when the present ordeal shall have been passed, we shall again be a happy and united people.' IMMENSE GRAIN SHIPMENTS The Deif troit Tribune of Thursday, says: "It is estimated that between yesterday noon and toF, night. embracing say thirty-two hours. some e one hundred and fifty grainladen vessels will d have passed off this port from Lake Michigan, . with an aggregate of over two million bushin els of grain. This unprecedented. to TREASON IN THE MARYLAND LEGISLA a TURE.- dispatch from Frederick, Md.,11th. t states that the Legislature has adopted the is report of the Committee of Federal Relations, censuring the President and the Governor, condemning the war. and recognizing the Southern Confederacy. The Legislature have agreed to adjourn on Monday to the 4th of in July. in QUAKER PATRIOTISM.-A lady of the Quaker faith. in a neighboring city, on being asked by a volunteer if she was ready to fight enemy, said Nay, our doctrine is peace. Would you like to have the rebels take Washington ?" " Nay, I would rather be drawn and quartered. If thee will go and fight. we will stay at home and work and pray for thee, and pay the taxes. "-Transcript ARKANSAS.- Montgomery dispatch in the Charleston pripers states that the Arkansas Act of Secession is complete and final WAR ITEMS BY MAIL- A list of con tributions to aid in prosecuting the War, shows that during the past three weeks the immense amount of $23,277,000 has been subscribed in the Free States. Pentsylvania leads the column with a free gift of $3,500,000; New York and Ohio have each given 83.000.000: Connecticut and Illinois each 82. 000,000; Maine $1,300,000 : Vermont and New Jersey
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BANK DEFALCATION.-The - bank of Albany suspended temporarily on Saturday, owing to the discovery of a deficiency in the cashier's accounts. but the bills are taken at par by all other banks. Kendrick, the defaulting cashier, absconded several days ago. He had speculated largely in stocks. The directors of the bank have asked for the appointment of a receiver.
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The Albany Banks. ALBANY, Monday, May 20, 1861. In consequence of the closing of the Bank of Albany and the Bank of the Capital last week, there was some run on the Savings Department of two or three banks here this morning, but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted excitement. Extra tellers were employed, and depositors paid ns fast as they could present checks. In all other departments of the banks all is quiet, and no lack of confidence is manifested.
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The Albany Banks ALBANY, May 20, 1861 - -In consequence of the closing of the Bank of Albany and the Bank of the Capital, last week, there was some run on the Savings Department of two or three banks here this morning, but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted excitement. Extra tellers were employed, and depositors were paid as fast as they could present checks. In all other departments of the banks all is quiet, and no lack of confidence is manifested.
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1000 433,323 Increase of the week as compared with that of 1860 The following is a comparative statement of the value of exports from commencement of the yearto May 23: Increase. Decrease. 1861. 1860. $2,403,090 $8,238,847 $5,832,757 Cotton 3,363,367 5,292,942 1,929,575 Flour $24,283 100,780 125,063 Corn Meal 5,367,063 681,492 6,048,555 Wheat 250,817 2,627,438 2,376,621 Corn 484,580 577,557 1,062,137 Beef 109,323 625,858 735,181 Pork $618,186 $10,617 022 $23,508,977 $13,510,141 Total $12,891,955 Increaseas compared with 1860 The Albany Journal of lastevening learns that" negotiations are pending between William E. and Henry Bleecker and Adam Van Allen, Receiver of the Bank of Albany, for a settlement of bis claims against them as such Receiver." The following letter from the Bank Superintendent has been received by one of the Troy Banks: "The bills of the Bank of Albany and Bank of the Capital may, in my estimation. be taken at par with perfect safety. The Bank of Albany has $68, 000 registered circulation outstanding to redeem which I hold $77,000 Stocks The Bank of the Capitol has $75,000 circulation, for which I hold $85,000 Stocks. In both cases the Stocks are chiefly New-York Stocks. I shall sell these securities in about three weeks, or as soon as the proper legal steps can be consummated." The exchanges at the Bank Clearing House this morning were $12,814,058 20. The exchanges for the week ending to-day were $94,155,277 62, being a daily average of $15,692,546 27. The Merchants' Bank of New-York, has declared a semi-annual dividend of 3 p cent, payable on the 1st of June. The tolls on the Ohio canals for the six months, ending May 15, 1860 and 1861, compare as follows: 1861. 1860.
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50360 dis. All other Illinois Banks 30 dis. Wisconsin, first class 50@60 dis. Wisconsin, second class The weather was pleasant a portion of the week, but a heavy rain fell Sunday night, and during the greater portion of Monday. The temperature has been more favorable for vegetation. The war excitement continues to engross the attention of all, to the exclusion of other subjects, to a greater or less extent. A very perceptible progress has been made by the Government, within the past week, toward the grand object in view. Maryland is now completaly under the control of the Government, and the same may be said of Missouri, and the indications are that Kentucky will be secured against secession influence within the next week or two. The ports of the Southern States have been blockaded and communication with them by iuland routes pretty well cut off. There seems to be no doubt that Eastern Virginia will be the scene of the great conflict, which seems to be now near at hand, and all are looking with intense anxiety for the result. Business in most departments continues dull, without marked change in prices of any article. Flour has b en dealt in sparingly, but prices are not materially lower. Superfine $4 50, and exThe receipts are but moderate, but are fully up to the demand. The stock, however, is light, and the demand to supply the troops encamped in this vicinity is now 100 bbls. per day, which, with the usual city consumption, makes the whole amount of daily consumption 850 barrels a day, will soon reduce this stock, if the receipts do not increase. Wheat has been in better supply, and prices declined 4@5c. per bushel, the market closing dull at $1 and $1 08 for prime red and white. Corn is dull but unchanged. Oats in better supply, and dull at 28e. Rye is elling at 54c. Barley is lower prime fall sold at 50c., and the market closed nominal at this rate. Whisky 121/c., there being no change during the week. In the grocery market there has been a fairbusiness done, but the sales are making in small lots to meet the current wants of the trade. Prices have not changed. Beef cattle have been in better supply. and the market ruled a shade easier, $3.75 being an out side rate for choice beeves. Hogs very dull, and the demand quite limited at $3@3.50 gross. The distillers are, to some extent, slaughtering their hogs, and having them ice-cured on their own account, in consequence of their anxietv to further curtail their business, and of the difficulty of disposing of them otherwise. Sheep are in moderate supply and fair demand at $2 50@3 50 per cental gross. Lambs are scarce and sell at prices ranging from $1 50 to $3 50. There is some demand for the lower grades of wool at 20@22c., but we have not heard of anything being done in the way of contracts for the present clip, and must call the market quite unsettled. Some dealers speak of 25@33c. RS the probable range. It seems quite likely that the best wool will not exceed 35c. Linseed oil is very dull, and has been sold to the extent of 150 bbls. at 50c. In the small 51@52c. are the rates charged. The demand is quite light. The demand for provisions continues of the most limited nature, and prices have been to a great extent nominal. 100,000 lbs. bulk sides sold about the middle of the week at 61/c, and 60,000 lbs. shoulders in bulk, subsequently, at 43/c. Small sales of bacon at 53 @6c. for shoul ders, 73/488c. for sides, and 9@91/4c. for clear sides, Mess pork has been offered at $16 25@ 50, but it is probable that it could have been bought to some extent at the close at $16. There is really no demand, and the necessities of holders only would compel them to sell at this rate There was some little inquiry for lard at 81/4e, and during Saturday and Monday 300 tierces were procured at this rate, and some keg at 91/4e. There is a very light stock of this article here. and very little of it for sale. Advices from all the leading markets of the country report a general dullness in business, except so far as the manufacture and preparation of war material is concerned. Money is abundant in New York at 5@6c on call, but there is very little time paper offering that is wanted. Thompson's Reporter says: The Bank of Albany has suspended, and gone into the hands of Mr. Van Allen as Receiver. h The circulation is of two classes-secured and f safety fund. We believe it will all be redeemed ultimately. This failure came like a clap of thunder on Albany; and even the State had y e $100,000 on deposit on it. It appears that the d cashier, Kendrick, comes in for the blame of using up the bank. e The Sandford Bank of Maine is also down. . The cause has not transpired further that that e the Suffolk Bank, Boston, throws it out. f The J. W. Rumsey & Co.'s Bank of Tarry town is thrown out. Its notes are secured by s New York 6 per cent stock, and will be good in time.
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but in favor of fortifying the heights fronting it. BANK SUSPENSION. Albany, N. Y., May 19th.-There has recently been a change of affairs in the Bank of Albany, and some difficulties discovered in the accounts in consequence of which the bank suspended business today for the purpose of instituting a thorough investigation into its affairs. Another dispatch says the affairs of the bank are in a very bad condition. Its entire capital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositors.
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Exchange in St. Louis has declined to 10 ₽ cent, but is not reliable at that figure. In Milwaukee it ranges from 6 to 8 cent premium. Other points are unchanged. The Montreal Gazette says that at a meeting of the directors of the Grand Trunk Railway, held in that city on Friday last, all the Canadian directors determined to resign, and their resignations have been forwarded to England. At the annual election of the stockholders of the Ga[ena and Chicago Railroad, on the 5th instant, the following gentlemen were chosen directors: W. L. Newberry, W. H. Brown, John Wentworth, a Lunt, F. Mosley, E. K. Rogers. George Smith, in place of Jason Mc. Cord, declined; George Watson, in place of Jonathan Burr, declined: John H. Foster, in place of E. C Larned declired-all of Chicago. C.S. Hempstead, Galena: T. D. Robinson Rock. ford; D. A. Knowlton, Freeport; W. H. Ferry, Utica, N.Y. Upon the organization of the Board, W. L. Newberry was reelected President, and W. H. Brown Vice. President. The debt of Vose & Co. to the Bank of Albany has been settled by the Receiver for $125,000, which, as we understand it, is about 30 ₽ cent on the claim. It is proposed to reorganize the bank under the title of "The Albany Bank." The Home Insurance Company of Boston has been enjoined. The following is a statement of the amount of grain held in store by the Western Elevating Company, at Buffalo, also including that in the Richmond Elevator, on the morning of Wednesday, the 5th inst., and Wednesdays, the 22d and 29th ult.:
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The Cincinnati Gazette Nearly all of the houses on the street report & very quiet day. Currency was abundant with all, but there was scarcely any inquiry for loans. Good paper is readily nog tiated at 10w 12 ₽ cent. There was less demend for Exchange than for several days past, but the rate is unchanged Nothing doing in Treasury Notes of any consequence The Chicago Journal says: There is no change to notice in money affairs. Currency is abundant for all legitimate business purposes. Exchar go ie firm, at 101 ₽ cent premium at the banks. and par@} P cent premium on the street. Gold remains steady, at 1@1 P cent premium. The Receiver's sale of real estate of the Bank of Albany took place on Saturday. The Albany Jour nal furnishes the following record of the sale: The banking-house on Broadway was sold for $35,800, and bought by the Merchants' Bank. '1 be property known as F. Vine's store on Pearl street, and Adam Blake's restaurant on James street, sold for $17,428 16, and was bought by E. H. Bender. The property on the corner of Broadway and Steuben street, running through to James, was sold for $35,289 88, and was purchased by P. Cagger. Odd Fellows' Hall, on the corner of Green and Beaver streets, sold for $10,096 25. and was purchased by M.H. Read. No. 49 Quay street was sold for $3,176 13, and bought by J. B. Jermain. Pier lot 102 was sold for $2,937, and bought by P. Cagger. The Mitwaukee Sentinel remarks: The chief features of the money market yesterday were a scarcity of currency and a great abundance of exchange. The nominal rate of exchange was 1 P cent premium selling, but the banks were #O short of currency that not a few shippers were forced into the street offering sight drafts OD New-York freely at ₽ cent premium, and in some instances at t. As stated in o r last issue, we do not see how the banks can very well avoid reducing the current rate of exchange with the great activity now prevailing in the produce market. That course would very 80011 afford relief by presenting an opening for the circulation of good Eastern currency and also such currency as the notes of the Bank of Montreal, and of the State Banks of Iowa, Indiana and Ohio, which is now practically excluded by keeping the price of exchange up to 1 P cent. The following card was forwarded from Louisville to a banking house in Cincinnati: NOTICE! CITIZENS' BANK OF LOUISIANA. NEW-ORLEANS Sept. 16, 1861. Parties having paper on collection in this bank are hereby notified and required, unless they consent to receive Treasury notes of the Confeder rate States, or local bank notes, in payment of said paper, to withdraw the same. And no paper shall herealter be received on collection where the owners 10 quire other than Treasury notes or local bank notes in pay. E. ROSSEAU, Cashier. ment thereof. By order,
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Total $235,931,242 $ 163,045,033 * 55,099,866 17,053, 175 Last week 240,449,967 167,125 901 56.146,436 16,992,107 217,243,294 116,483,335 31,218,732 19,907,677 Last year The money market continues to exhibit the easy features before noticed, and the supply is abundant for the wants of stock and mercantile circles. Rates of interest tend downward. Demand loans are 5@7 p cent; first-class paper, 6@7 v cent. A line of sixty-day acceptances of & leading house sold to-day at 5 v cent. Mr. Van Allen, Receiver of the Bank of Albany, has declared a dividend of 461 cent upon all dewands against that Bank that have been accertained and allowed. The dividend is payable at the Merchants' Bank of Albany. The receipts of the Morris Canal, for the week and season, compared with those of 1860, have been: Total to Oct. 27. 1860 $298.690 36 10.836 $309,576 37 Week ending Nov. 3, 1860. Total to Oct. 26. 1861 $231,341 81 9,366 89- 240.708 70 Week ending Nov. 2, 1861 $68,867 67 Decrease, 1861 of the a following is The