5c015ffaFull suspension
Other: Receiver appointed; assets sold by receiver; dividend paid to creditors.
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Monetary Difficulties at Buffalo. BUFFALO, Aug. 31.-The Hollister Bank has failed. There is a heavy run on Messrs. White, Oliver, Lee, & Co's. banking house, and on the Buffalo City Bank. The excitement this morning was intense, but it is now subsiding. The Reciprocity Bank did not resume this morning.
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BY TELEGRAPH. NEW YORK, August 20.-The ship Clara Brookman went ashore at Squam beach last night. She is a total loss. Her passengers and crew were saved. NEW ORLEANS, August 31.-The Empire City arrived last night with Havana dates of the 27th. The Illinois went ashore on Colorado reef. She got off with little damage, though with much difficulty, with the assistance of a Spanish steamer, which the authorities sent to her. She will probably leave Havanna on the 29th, with over a million and a half in specie. California news unimportant. There had been several large fires in the interior. NEW YORK. August 31.-The steamer Atlantic arrived, with Liverpool dates of the 19th. The Asia arrived at Liverpool on the 16th. Her news caused an advance of 1-16 on cotton in Liverpool. The market buoyant. The weather is favorable for crops. Flour active, at an advance of 6d. Wheat firm holders demand an advance. Corn very dull. Provisions quiet. Consols 914. Cotton sales for 3 days 28,000 bales, of which speculators and exporters took 4,000 each. News unimportant. The submarine fleet arrived at Plymouth. The Directors meet at Linden on the 19th to determine further proceediugs. It is believed the company will take immediate steps to rescue the lost portion of the cable. Storms and floods have caused much damage to the crops in England. Money on Government securities plenty at from 4 to 5 per cent. The Times says that British trade will not suffer from Indian events. There is great activity in Indian corn for the shores of the Adriatic, where the crop has failed. It is rumored that France intends to demand the extradition of Ledru Rollin, who is about to leave for America. It is stated that France will send a naval expedition to Cochin China, to demand satisfaction for in sults to her flag. Russia is equiping a flotilla for the China seas. The Russian Imperial Guards have been reduced to 30,000. It is rumored that Lord Stratford D. Redeliff will be supplanted by Lord Howden. LOUISVILLE, August 31.-The National Agricultural Fair opened by an address from Marshall P. Wilder. There were 20 to 30,000 persons on the ground. The weather is remarkably fine. To-day was devoted to he trial of speed on the track, and exhibition of horses. HALIFAX, August 31.-Orders have been received here to ship four regiments immediately to India. WASHINGTON, Aug. 31.-The Treasury Department has just paid the State of Maryland half a million dollars interest on indebtedness for the war of 1812. The principal was paid forty-four years since. The Secretary of the Interior has instructed the United States Marshall of Minnesota to take the census in that Territory whenever the people wish to form a Constitution. BUFFALO, Aug. 31.-The Hollister Bank has failed-a heavy run was made on White, Oliver, Lee & Co., and the Buffalo city banks. The Reciprocity bank did not resume this morning.
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BY TELEGRAPH. BY THE NATIONAL LINE. [Reports Furnished by the Associated Press.] NEW York, August 29.-The ship Clara Brookman went ashore at Squam Beach last night. Sue is a total loss. Her passengers and crew were saved, NEW ORLEANS, August 31.-The "Empire City" arrived last night with Havana dates of the 27th. The Illinois went ashore on Colorado reef. She got off with little damage, though with much difficulty, with the assistance of a Spanish steamer, which the authorities sent to her. She will probably leave Havana OD the 29th, with over a million and half specie California Dews unimportant. There had been several large fires in the interior. New York, Aug. 31.-The steamer Atlantic arrived with Liverpool dates of the 19th. The Asia arrived at Liverpool on the 16th. Her news caused an advance of 1.16 in Liverpool. The market buoyant. The weather is favorable for crops.Flour active at an advance of 6 pence; wheat firm; holders dema nd an advance; corn very dull; provisions quiet; consols 911; cotton, sales for 3 days 28,000 bales, of which speculators and exporters took 4000 each. News unimportant. The submarioe fleet arrived at Plymouth. The Directors meet at London on the 19th to determine further proceedings. It is believed the Company will take immediate steps to rescue the lost portion of the cable. Storms and floods have caused much damage in the crops in England. Money on Government securities plenty, at from 4 to 5 per cent. The Times says that British trade will not suffer from Indian events. There is great activity in Indian corn for the shores of the Adriatic, where the crop has failed. It is rumored that France intends to demand the extradition of Ledru Rollin who is about to leave for America. It is stated that France will send a naval expedition to Cochin, China, to demand Satisfaction for insults to her flag. Russia is equipping a flotilia for the China Seas. The Russian Imperial Guards have been reduced to 3,000. It is rumored that Lord Stratford De Redcliffe will be supplanted by Lord Howden. LOUISVILLE, August 31.-The National Agricul cultural Fair opened by an address from Marshall P. Wilder. There were 20 to 30,000 persons on the ground. The weather is remarkably fine. LOUISVILLE, August 31.-The United States Agricultural Society-First day-15,000 persons present, half of whom were ladies. Mr. Wilder the President, made an eloquent opening address. Friday was devoted to the trial of speed on the track, and the exhibition of horses. The weather is fine. Halifax, Aug. 31.-Orders have been received here to ship four regiments immediately to India. WASHIGTON, August 31,-The Treasury department has just paid the State of Maryland half a mil lion dollars interest on indebtedness for the war of 1812. The principal was paid forty-four years since. 1 The Secretary of the Interior has instructed the United States Marshall of Minnesota to take the census in that territory, whenever the people wish to form a constitution. BUFFALO, August 31.-The Hollister Bank has failed. A heavy run was made on Whites, Oliver Lee & Co., and the Buffalo city banks. The Reciprocity bank did not resume this morning.
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THE ORASH AMONG BANKS AND BANKERS. Since our last issue, JOHN THOMPSON, a noted Wall Street Broker, and Editor of Thompson's Reporter, has failed. ATWOOD & Co., one of the largest moneyed concerns in New York, have failed with several millions of Western acceptances in their hands. The Reciprocity Bank, Buffalo, suspended on Saturday. The Banking House of Franklin & Sons, Newark, Ohio; The Hollister Bank, Buffalo; and The Warren Bank, Pa., stopped on Monday. Also, on yesterday, departed this life The Clinton Bank, Buffalo, N. Y.; and the Sackets Harbor Bank, N. Y. Also, have recently gone up" the following: Rhode Island Central Bank, R. I. Tiverton Bank, Fall River, R. I. Farmers' Bank, Wickford, R. I. Bank of Kanawha, Maldon, Va. Warren Co. Bank, Warren, Pa. The entire system is rotten, and we know not what a day or an hour may bring forth. The National Sub-Treasury and the California mine products have postponed the evil day; but the paper money system must perform its allotted cycle. Twenty years ago, a financial storm swept over the country, which brought bankruptcy to the Federal Treasury, notwithstanding it had thirty odd millions of paper money at its commanddrove States to repudiation, and made the passage of a Bankrupt law for the benefit of debtors, a matter of necessity. That storm gave birth to the National Sub-Treasury. If the present calamities will evolve a Sub-Treasury for Ohio, by which a complete divorce from Banks, Bankers and Fund-mongers can be obtained, the people of our State will eventually be compensated for their recent losses; and when the next Rag Money crisis comes, her Treasury will be as unaffected by it as that of the Federal Government is by the existing panic.
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Latest News. Special Correspondence of Missouri Democrat. From KANSAS.-The villainous sys. tem of legal persecutions, or rather persecutions under the forms of law, has not been abandoned. Walker has renewed them. Arrests are being made in every direction. Lawrence alone is exempt. Troops are encamped near Lawrence. Their force is daily augmenting. On Tuesday another company of dragoons was added to the "army of occupation." There is some object in these movements. Some say that the tax is to be collected here. Pro slavery leaders have said SO. Walker, in imitation of Buchanan, is non-committal. These arrests are made on old charges-the vast majority of which were spurious or manufactured. There was no necessity for reviving them, except to please the southern democracy. Kansas has to suffer that Georgia may be appeased. Not satisfied with disfranchising nineteen counties, the foreign element, and this year's emigration, the ruffians have summoned upwards of two hundred free state men to appear at Lecompton for trial on the day of election. This is intended to prevent them from voting. What next? ACQUITAL OF Gov. RoBINson.-Lawrence, Friday mornig, Aug. 21.-Gov. Robinson was acquitted yesterday forenoon. The jury were out nine hours.There was an animated debate in the jury room. At first, I learn, they stood ten for a a verdict of guilty to two for an acquittal. They were all pro-slavery men. BUFFALO, Aug. 31. The Hollister Bank closed its doors this morning. There has been a heavy run on some other city banks. But it has resulted in no damage to them as yet. The excitement has been intense during the forenoon, but as now almost entirely subsided.
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From the Cleveland Herald. Money Matters--Skics Brightening. The week, we are glad to note, opens upon shorter faces and with a prospect decidedly of brighter hue than has rested upon financial matters for the past six days. The Board of control for the State Bank of Ohio, has effected an arrangement with the Ohio Life Insurance and Trust Company by which all claims against that Company in favor of the Branches of the State Bank, will be secured or paid by assignment of bonds and mortgages upon property in the counties immediately adjoining. Although general disaster would not have followed, even the absolute loss of what is due the State Bank Branches from the Life and Trust Company, still this arrangement perfected Saturday, has restored a confidence and a nerve to community, and business cicles, which completely counteracts any symptoms of panie, or any forebodings as to the future. The failure of Atwood & Co., Bankers of New York, is sincerely to be regretted. That house had a well deserved reputation for integrity and honesty, which will create unbounded sympathy, and all conversant with the house, are confident that this reverse is but temporary. Unfortunately, Messrs. Atwood & Co. hod correspondents and customers from the same sections with the Ohio Life & Trust and many Ohio and Western Banks had accounts at both places. Consequently, on the failure of the O. L. & T. Co., these banks were forced immediately to draw largely from Atwood & Co. to meet previous drafts made upon the O. L. & T. Co. Messrs. Atwood & Co. could not, on the spur of the moment, gather themselves, and yielded to presure. A business house in this city sends us the following: We noticed in your last evening edition as well as in this morning papers, an allusion to the Messrs. Atwood & Co.Messrs. Atwood & Co. have enjoyed the confidence of their correspondents in the West, to an unlimited extent, and we have no doubt they will speedily resume. The following despatch received from them, Saturday, indicates only a suspension: "Messrs. Cleveland, Ohio, We have been compelled to suspend.Remittances and collections turned over to Continental Bank for the credit of owners. ATWOOD & Co." Signed, Although at the first news of the failure of the Ohio Life and Trust Company seemed to be a blow which would more severely injure Ohio than any other section, we are satisfied that such failure will bring less real disaster here than elsewhere. Our Banks are so strong, their circulation -and this is the great secret of Ohio's present ability to meet this trial-is so secure that fear does not reach the masses. Advices, to-day, announce the closing of the Hollister Bank in Buffalo, but causes, no doubt entirely outside of the New York failures have produced this result. The Cincinnati Times of Saturday says that the feeling there is improving. The sales of the checks on the Trust Company are few, bringing 75@80 and 90 cents on the dollar, and that the large creditors of the Company seem to have no desire to dispose of their debts. The New York Tribune of Saturday says: No Receivership of the Ohio Trust has 3 yet been made, but the matter will be be1 fore the Court to-morrow, and if no opposiL tion is made by the creditors, Mr. Lane
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WASHINGTON, August 31.-The Treasury department has just paid the State of Maryland half a million dollars interest on indebtedness for the war of 1812. The principal was paid forty four years since. The Secretary of the Interior has instructed the United States Marshall of Minnesota to take the census in that territory, whenever the people wish to form a constitution. BUFFALO, August 31.-The Hollister Bank has failed. A heavy run made on Whites, Oliver Lee & Co., and the Buffalo city banks. The Reciprocity bank did not resume this morning. NEW YORK, Aug. 25.-The President of the Ohio Trust Company, in a card published this morning, says that the capital of the Company is $2,000,000, and is sound and reliable, exclusive of the anticipated losses from insufficient securities. The Tribune anys that the liabilities of the Company are estimated at from five to seven million dollars. Washington, Aug, 27.-The Attorney General decided that the money received by Deputy Marshall of Alabama from Lovelace must be delivered to the Post-master General. The President has appointed Beverly Tucker Consul to Liverpool, vice Hawthorn resigned. Henry W. Spencer, of New York, Consul to Paris, vice McRea. Charles J. Fox, of Michigan, Consul to Aspinwall, vice Thornton. Ernest Volger, of Va., Consulto Bareelona, vice Pablo Augera. Jacob Fornev, of Pennsylvania, Supt. of Indian affairs in Utah. NEW YORK, Aug. 29.-Endlow, Cashier , of the Ohio Trust Company has been arrested. Cotton quiet. Wheat firm. Corn 30. Sugar heavy, Rice declined 1. Whiskey declined 1. CINCINNATI, Aug. 29.-Flour 5,25n5,50Wheat dull. Whiskey 211. Linseed oil 70.
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SUSPENSIONS, FAILURES, ASSIGNMENTS [From the Independent, Sept. 3.] The following are the reported failures, assignments, &c., for the week:Crawford & Darforth, Concord, N И., suspended. Jefferson Ktowler, Man chester, N. H, filled. Benjamin A. Smith, Boston, Mass, suspended. Mechanics' Banking Association, New York city, waspended. Beebe & Co, bankers, New York city, suspended. Atwood & Co., bankers, New York city, suspended. J. H. Prentice, hats, New York city, suspensed; liabilities large, but a surplas of about $600,000, and will undoubtedly soon resume. Adams & Buckingham, flour, New York city, suspend. ed; have large surplus, and will probably BOOD resume. Williams, Stevens & Williams, New York city, failed. Ja. & J. O. Secor, founders, New York city, suspended; liabilities large-offer forty cents secured. John Thompson, brower, New York city, before reported, has assigned to Platt Adams. Goldsmith & Gutman, cloths, New York city, suspended; liabilities said about $100,000. Chambers & Heiser, New York city, fatted and Msigned. Henry Antler, clothing, New York city failed. Louis Wusterman, furs, New York city, failed. John Allen, New York city, falled. J. L Wycoff, Williamsburg, N. Y., failed. John W. Bates, broker, Troy, N. Y., suspended. Reciprocity Bank, Baffalo, N. Y., suspended tempora. rily. Hollister Bank, Buffalo. N. Y., suspended. Swartz Iron Works, Buifalo, N Y., assigned. Wm Flanagan, Buffalo, N. failed. John C. Crosby, Buffaio, N. X., assigned. Drury & Monell, Delphi, N. Y., falled. W. & H. Dollman, Salima, N. Y., failed. W. I. Coyler, Ouylersville, N. Y., suspended; Habilities said about $90,000. Shephen Childs, New Hartford, N. Y, assigned. Harvey Pierce, Essex county, N. Y., assigned. B ceze, Kneeland & Co., locometives, Jersey any, N. 3., suspended. Relph Lee, Camden, N. J., failed. Noam & Gaddis, Hightstown, NJ, alled Jacob Sline, "D G.,' Philadelphia, Penn., fail d. chark & Do, Trement, Penn., failed. Flatas & Lohman, fancy goods, Bakinrore, Maryland, failed B. Wallack, Baltimore, Md., assigned. Thereton & Ely, Louisville, Kg, assigned H. Harmon, Marion, Ohio, assigned. Robert & Moffait, Cincinnati, Oalo, assigned. Casper Bess, Dayton, Ohio, failed. Wm. Ward Easton, Obicago, III.. suspended. signed. Adams & Herrick, New Bedford, III., falled and m. J. B. Smith, Urbana, IH., sold out. James I. Lyell, banker, Detroit, Mich, suspended. Burne & Wheeler, Signaw City, Mich, failed. Reibschilds & Bro, Muscatine, Iowa, failed. S. T. & R. Largley, Gallipolis, Ohio, reported some time since as suspended and assigned, have obtained an exten-
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Financial Affairs. Money matters in the East are apparently in a very unsettled condition at present. Several private firms have gone down, as also some banking estab. lishments, and a good deal excitement has been caused. The pressure does not seem to extend West. There has not been the least excitement in Chicago owing to these Eastern failures, and it is believed there will not be on this or any other account. We give the following from some of the Eastern cities: Buffalo, Aug 31. The Reciprocity Bank (late Sackett's Harbor Bank), and the Hollister Bank, both of Buffalo, have failed. Great excitement has been caused in the city in consequence, and a heavy run has been made on some other banks, but it has resulted in no damage to them as yet. New York, Aug. 29. The severity of the money pressure increases, and has extended outside of Wall Street and the Stock Exchange. Dearer rates are now paid, directly or indirectly, for accommodation outside of bank, than have been known since last winter. The very best paper is quoted to-day at 12 per cent., and good single names, which in ordinary times would be classed undoubted, are going at 15 per cent. Among the Wall Street brokers, the pressure for money on their own account is less severe than the greatly increased inconvenience of doing business through bank. The settlements, from han I to hand, are made so difficult by the new guards imposed on the certification of checks, that double commissions are fairly earned in completing the transfers, and the deposits and payments of the day. The report that the Farmers' Bank of Saratoga County has failed is without foundation in fact, as the bills have been and are still received by the Metropolitan and American Exchange Banks, as usual, and are redeemed at the counter of the Bank on presentation. Philadelphia, And. 28. The symptoms of commercial panic felt here for the last few days are dying away without a vestige of failure, although one or two of our banks were supposed to be seriously alarmed. Confidence is being established, and all commercial relations are strengthening. Among the brokers were six or eight lame ducks, whose wounds were bandaged by their friends, and they are now moving about without the aid of bank crutches. Boston, Aug. 28. Bank stocks are firm, and money appears to be in good demand.
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THE NEWS. -The free-State men of Kansas, in Mass Convention at Grasshopper Falls on Wednesday, the 26th nlt, resolved to participate in the October election for delegate to Congress and members of the Territorial Legislature, in spite of the swindling bogus apportionment. Marcus J. Parrott, of Leavenworth, was nominated for Delegate. -In New York, on the 2d, Judge Peabody directed not to discharge the writ of habeas corpus in the ease of Mrs. Cunningham. The question of bail will be argued on Thursday. FOREIGN-The steamship Vanderbilt from Havana and Southampton the 22d, arrived at New York on the 2d. By this arrival we have important advices from India. General Barnard and Sir Henry Lawrence were dead. The Europeans at Ikernonedose had been massacred, and that place recaptured. More English troops had arrived at Calcutta. The rebels had been defeated in three engagements. No decision had been come to at the departure of the Vanderbilt concerning the Atlantic cable. The Directors sit in permanance, and the commanders of all the ships will consult with them. The official report of the Engineer is published, and expresses greater confidence than ever as to the final result. -An election for State and county officers took place in Vermont on Tuesday, the 1st. A dispatch from Montpelier states that the vote was small, but the returns show large Republican majorities. Thirty-one towns elect thirty Republican Representatives and one Democrat to the Legislature. A Democratic gain of one. -Tuesday was a day of universal financial excitement on Wall street, New York. A dispatch of that date says: "The Mechanic's Banking' Association has closed its doors in consequence of the defalcation of one of its officers to the amount of $70,000. J. H. Prentiss & Co, exten-ive hat manufacturers, failed, and Adams & Buckingham, bankers and dealers in flour, are reported failed. Money is very stringent. There are heavy runs on several Banks." -The two Conventions at St. Paul have agreed upon one Constitution to be submitted to the people of Minnesota. -We learn, through intelligence by the steamer Atlantic, which arrived at New York on the 31st, from Liverpool on the 19th, that the loss of the Atlantic Telegraph Company by the breaking of their cable is not likely to exceed £25,000. It is confidently anticipated that at least one half of the sunken portion will be recovered. The directors had not determined when the steamer left whether they would make another trial this season or not, but the probability is that they will wait now till another summer. -The following additional bank failures are reported: Reciprocity and Hollister Banks, of Buffalo, and Bergen County Bank, N.J. STEWART ELECTED GOVERNOR OF MISSOURI. -Ail the counties in the State have been heard from officially, and Stewart beats Rol.. ns 343 votes. Sasava the Renut blican
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intors that the interest account of this company, with its expenditures for construction represented by bonded indebtedness, will more than absorb the ensire landed estate, leaving the road to e he stockholders at a cost of from ten to fifteen millions of dollars. It is prety generaily admitted that the reilroad Itself is a failure, that it to n dead weight upon the landed department, and will be annually an expense instead of a pront. There is, we be lieve, very little doubt about this. The stock cannot be maintained's anything like current prices, and the sooner the public mind is prepared for a collapse in this inflation the better for all parties concerned. For months past the stock has been sustained by parties who have recently failed, and its principal support has therefore departed. At the second board the market took just about the turn we anticipated. Prices were all off, and stocks were freely offered at the closing rates. New York Central declined 1 per cent; Missouri 6's, 1; Milwaukle and Misaissippi, 1% Erie, 1%; Reading, 4; Michigan Central, 1; Michigan Southern, 136; Cleveland and Pittaburg, 3/2. There was no foun, dation for the recent sudden improvement in vallroad stocks, and only the moel ehort sighted speculators have been deceived by it. We expect to see prices go lower than they have touched yet; but the descent will be more gradual than the last. There to a dead weight pressing upon the market. There are no shorts in the street, and the demand from that source has, therefore, coased. This interest has at all times been a great sustaining power, and the demand for the bears has at times saved the market from a regular breakdown. After the adjournment of the board the following fales of stocks and bonds were made at auotion by A. H. Nicolay:51% $550 Sun Metual Insurance scrip of 1856 680 Union do. 1857 44 do. do. 31 490 Commercial do. 1856 do. 102 80 shares Grocers' Bank 110% 20 Beckman Fire Insurance Company 18834 10 Equitable Insurance Company Also, the following by S. Draper:4 $80,000 2d mort. bonds Penobsoot RR. Co., int added 2,000 2d mort. bende Dela. Lackawana and West., do 60 40 20 shares American Guano Company stock The City Tax Receiver gives notice that the Assessors' books will be placed in his hands on Monday, the 7th inst. He will not receive payment of taxes in envelopes. The failure of Oliver Lee & Co.'s bank, of Buffalo, 18 announced; also the Danny Bank, of Danby, Vermont. The gross receipts of the Second Avenue Railroad Com pany during the last four days amounted to $4,500, ave. raging more than $1,100 per day. Alanson Robinson has been appointed receiver of the Hollister Bank of Buffalo, and has filed bonds with two sureties for forty thousand dollars each. The land sales of the Dilinois Central Railroad Company for August (exciusive of town lots) were 31,233 17 100 moresfor $446,654 68, at an average of $14 80 per acre. The value of merchandise, &o., imported into and exported from this port during the month of August, to each of the past three years, was as as follows:COMMERCE OF THE PORT OF Naw YORK-AUGUST, 1857. Vairie of Imports. 1967 1969 1866
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Banks in bad Repute. The paper of the following Banks has been thrown out of the Eastern Banks, and they are reported "broke." It is altogether probable, though, that as soon as the present panic has subsided a little, that most or all of them will resume business again: Bank of Hallowell, Hallowell, Maine. Exter Bank, Exter, N. H. South Royalton Bank, South Royalton, Vt. Rhode Island Central Bank, E. Greenwich, R. I. Farmers' Bank, Wickford, R.I. Mount Vernon Bank, Providence, R. I. Tiverton Bank, Tiverton, R.I. Wooster Bank, Danbury, Ct. Commercial Bank, Perth Amboy, N.J. Bergen, County, N.J. Sacketts Harbor (or Reciprocity.) Buffalo Hollister Bank, Buffalo. Chemung County Bank, Horseheads.
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Broken Banks. The following is a list of banks that are said to have either failed or suspended, which the public would do well to refuse until something more definite is known about them: Rhode Island Central Bank, East Greenwich. Tiverton Bank, Tiverton, R.I. Farmers' Bank, Nickford, " Warren Co. Bank, Warren, Pa. Kanawba Bank, Virginia. Hancock Bank, Maine. Waverly Bank, Waverly, N.Y. Winstead Bank, Winstead, Ct. Farmers' Bank, Saratoga, N. Y. Honesdale Bank, Pa. Mercantile Bank, Ct. Perth Amboy Bank, N. J. Woosters Bank, Ct. Chemung Co. Bank, Horseheade, N. Y., Hollister Bank, Buffaloe, N. Y. Owego Bank, N. Y. Buffaloe City Bank, N. Y. C Reciprocity Bank, White, Oliver, Lee & Co.'s Bank, Buffaloe N.Y. Farmers' Bank of Providence, R. I.
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DISCREDITED DANKS. The following is a corrected list. to date, of recen SUSPENDED and DISCREDITED Banks: Arcade Bank, Providence, R 1. America Bank, Trenton, N,J., Agricultural bank, Tenn. Agricultural Dank, Herkiner, N.Y. Bergen County Bank N.J. Bank ofCasandigua, N. Y. do Naperville, Iif. do Belleville, do do Nashville, Tennessee. do Springfield, Ohio. do T cumsch, Machigan. do Orieans, N.Y. do New Jersey, New Brunswick, N.J. do Kent, R.T. do Halloweil, Me. do America, Lenn. do West Termessee, Tenn. do Parts, Term. do Corn If N.Y. do the South County, R.I. do North America, Connecticut. do Kanawha. Virginia. do Eig 11, III, S. S., small circulation. do the Capitol, Indianapolis, Ind., S. do Midd.etos, Penn. do Wateriown, N.Y. do Clrester, III. do Egm, do to Pine County, III. Central Bar k, Indianapolis, Ind., 4. S. Chemung County Bank. Horse Heads, N. Y., S. Changer Bank, Columbus, Olfio. Qty Bank, N.J. Cumberland Savings Institute, Md. Contrercial Bank, Columbia, N. C. Citizens' Bank, Tenn. Corn Exchange Bank, 111. Charter Oak Bank, Ha ford, Conn. Colchester Bank, Conn. Dan' Bink, Dayton Bank. Ohio. Diryman's bank, Newport, N.Y. ellsworth Bank. Maine. Exeter Bmk. N. 11. Exchang Bluk. Pa Ex hange Bank. Huttford, Conn. Farmers' Dank 01 catoga Co., N. Y.,s.s Farmers' and Ma niccurer's Bank, Poughkeepsie. Farmers' Bank, Wickford, R. 1. Farmers & Mechandes' Bank, Kent county, Md. Farmers and Merchants' Bank, Mile Fairfie teanny Bank, Norma Ct. Fumers & Mechinics Bank, K, Detro i, Mich. Homes late Bank, Pennsylvania. Hollis è Bar k, Buffalo, N. Y.,s. S. Hancock Bank, Maine. Hugedo Bank, N.V. II pkinton Bank, Westerly. R T. Hamilton Exchange Bank, Hamilton, N. Y. Island City Bank, N. chy. Jefferson is unty BADK. N. 1. Lee Bank, Massa his ets. Mechanics' Bank ng Association, N. Y., S Mount Vernon Bank, Providence, R. I. Maine. Monson River Bank, Me, Macrints County Bank, Michigan. Mechanics' Banking Association, N. Y.city. Mortan Bink, (hi) Mami Valley Ba ", Ohio. Mistina Bank, Medina, N.Y. Minison Bank Mass. Merchants & Manufacturers' Bank, Pittsburgh, Pa. Mercur e Bank, Hartford, Coun. Y. Security Kank N.Y. N Sins % money has een thrownetit by St. Louis powers, excepting the Back of Florence. N inthra River Bank, Tonawanda, N. Y,, reported fulled, S.S. 0 tario Bank. Utica, N.Y. Ohio Life Trust impany, don't issuenotes. Oliv Lee & CO. Bank, N. -reported failedys. S. Ocoee Bank, Tenu, Ontario Count Bank, Phelps, N.V. People's Bank, N, N.Y. city. reported failed, S. S. Paweatuck Bank, Pawcatuek, Ct. Port Plain Bank. N, Y.,3.8 Recipred Bank, Buffalo, N. Y., new bank, S.S. Rhode Island Central Bank, R.I, Sanford Bank, Me. Sackett's Harbor Bank, N.Y. South Royalton Bank, It. Seneen County Bank, Ohio. Southern Bank, Georgia. Steck Security Bink, Illinois. presance Bank, Lowansport, Ind. Tiverton Bank, Full River, R.I. Union Bank, Frenchtown, N.J. Unadilla Bank, N. Y. Warwick Bank, R.J. Wonster Bank, Danbury, Conn. Warren County Bank, Penn. Yates County Bank, Penn Yan, N.Y. NOTE.-"S. S." meins securei by state stock. Most of these Banks will pay their circulation in full, and hol lers of their bills should not submit to a large discount on them.
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SUSPENDED BANKS EASTWARD. The New York Sun gives the following list of Banks located east of Maryland which have suspended specie payments : MAINE. Canton Bank, China. Monsum River Bank, Sanford. Exchange Bank, Bangor. Sanford Bank, Sanford. NEW HAMPSHIRE. Exeter Bank, Exeter. Weare Bank, Hamilton Falls. RHODE ISLAND. All suspended specie payments. MASSACHUSETTS. Bass River Bank. Western Bank, Springfield. Lee Bank, Lee. VERMONT. Danby Bank, Danby. South Royalton Bank, South Stark Bank, Bennington. Royalton. CONNECTICUT. Bridgeport City, Bank, Bridgeport. Thompson Bank. Bank of Hartford County. Windham County Bank. Bank, of North America, Seymour. Mercantile Bank, Hartford. Colchester Bank, Colchester. Exchange Bank, Hartford. Pawcatuck Bank. Charter Oak Bank, Hartford. NEW YORK. Agricultural Bank, Herkimer. Island City Bank, N. Y. city. Leonardsville Bank. Bank of Canandaigua. Bank of Central New York, Utica. Mechanics' Banking Association, Bank of Lima. New York city. Bank of Old Saratoga. Medina Bank. Bank of Orleans, Albion. Niagara River Bank, Tonawanda. Bank of Watertown. Oliver Lee's Bank, Buffalo. Chemung County Bank. Ontario County Bank, Phelps. Dairymen's Bank, Newport. Ontario Bank, Utica. Farmers' and Citizens' Bank, L.I. Oneida Central Bank, Rome. Farmers' Bank, Hudson. Powell Bank, Newburgh. Hamilton Exchange Bank. Reciprocity Bank, Buffalo. Hollister Bank, Buffalo. Sacketts' Harbor Bank, Buffalo. Hudson River Bank. Western Bank, Lockport. Huguenot Bank, New Paltz. Worthington Bank. Yates County Bank, Penn Yan. NEW JERSEY. America Bank, Trenton. Bank of N. J.; N. Brunswick. Bergen County Bank. Bordentown Banking Company. Burlington Bank. Burlington County Bank. Camden Bank, Camden. Cumberland Bank, Burlington. Farmers' and Mechanics' Bank, Gloucester Bank, Woodbury. Camden. Hunterdon County Bank. Mount Holly Bank. Phillipeburgh Bank. Princeton Bank, Princeton. Salem Banking Company, Salem. Union Bank of Frenchtown. PENNSYLVANIA.
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The Money Crisis-Affairs brightening Up. Money matters have witnessed a material improvement since our last issue. Very much of the paper which ten days ago was pronounced worthless on account of the sus pension of the institutions issuing the same, is again current, and is circulating 4 medium of business. The demand for specie has materially decreased. When sold and silver had 80 risen as to command ten and in some instances twenty per cel.t. the people who hold the notes, deliberately to concluded they would do without it. The sus pension of the banks not only FII pended specie payment, but it suspended the collection of notes and bills falling can, and while it lessened the current funds and incredit the rate of exchange and 11 premium on gold and silver, it lessened the demand for money -put off the days of payment. These evils are working their own cure. Two or three days ago, the news came that all the New York City Banks and most of the country banks had suspended. Eve. rybody was startled. Hard'y anything in the shape of Bank paper from that State was current. Now the bills of all the banks in the State are current with the exception of the following: Niagara River Bank, Tonawanda. Agricultural Bank, Herkimer county. Dairyman's Bank, Newport. Hollister Bank, Buffalo. Ontario Bank, Utica. O. Lee & Co.'s Bank, Buffalo. Bank of Orleans, Albion. Reciprocity Bank, Buffalo. Yates County Bank, Penn Yan. Tompkins county Bank, Ithica. Huguenot Bank, New Paltz. Medina Bank, Medina. Troy City Bank, Troy. Central Bank of New York, of Utics. Hamilton Exchange Bank, Greene. The Cleveland Board of Trade have met and resolved that in their judgment the State Bank of Chio and Independent Banks are all solvent, and deserving of confidence and that they will receive their bills at par in all business transactions. The private bankers have also taken similar ground. The Cincinnations have resolved to re. ceive all the notes of New Orleans and all other Banks that are bankable at Boston, Philadelphia, Pittsburgh and Baltimore. The prospect is brighter. When the present storm has gone by and the reign of money terror is over it would be well for the people to make some inquiries into the securities which they have for the p-per promises with which the country is flooded. In days of prosperity let us m.ke ourselves secure, that when the storm comes, we may be prepared for it.
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Uncurrent Bank Bills. Under the present temporary arrangement during the panic, the bills of the suspended Banks of New England and New York are generally current in Boston and New York.The exceptions up to this time are all given below ; and in regard to these it is supposed that the bills are good in most cases, though not bankable. Or those Banks in this State set down as uncurrent, the Royalton, Stark, Missisquoi, and St. Albans, are undoubtedly good, and holders of bills should not submit to a sacrifice on them. The bilis of the following Banks are not received at the Suffolk Bank, Boston, nor at the Metropolitan Bank, New York : MAINE. China, and Canton, at China. Ellsworth, at Ellsworth. Exchange, at Bangor. Hallowell, and Central, at Hallowell. Hancock, at Ellsworth. Maritime, at Bangor. Monsum River, and Sanford, at Sanford. NEW HAMPSHIRE. Exeter, at Exeter. Weare, at Hampton Falls. VERMONT. Danby, at Danby. Missisquoi, at Sheldon. Royalton, at Royalton. South Royalton, at South Royalton. Stark, at Bennington. St. Albans, at St. Albans. MASSACHUSETTS. Manufacturers, at Georgetown. Western, at Springfield. RHODE ISLAND. At present all notes issued by the Rhode Island Banks are rejected, although most of them are current in their own State. CONNECTICUT. Bridgeport City, at Bridgeport. Charter Oak, at Hartford. Colchester, at Colchester. Exchange, at Hartford. Hartford County, at Hartford. Hatters, at Bethel. Mercantile, at Hartford. Merchants' Exchange, at Bridgeport. North America, at Seymour. Palaquioque, at Danbury. Pawcatuck, at Pawcatuck. Quinebaug, at Norwich. Thompson, at Thompson. Uncas, at Norwich. Windham County, at Brooklyn. Woodbury, at Woodbury. Wooster, at Danbury. NEW YORK. Agricultural, in Herkimer County. Central Bank of New York, at Utica. Dairyman's, at Newport. Hamilton Exchange, at Greene. Hollister, at Buffalo. Huguenot, at New Paltz. Medina, at Medina. Niagara River, at Tonawanda. O. Lee & Co.'s Bank, Buffalo. Ontario, at Utica. Orleans, at Albion. Reciprocity, at Buffalo. Sacketts' Harbor, at Buffalo. Troy City, at Troy. Yates County, at Penn Yan.
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The Directors are: Amos P. Stanton, President; Seymour L. Husted, William H. Cary, John Kellum, George S. Howland, Thomas Brooks, Alexander Studwell, John Schenck, Fisher Howe, Purcell Cook, Lowell Holbrook, Chas. C. Betts, Henry A. Kent. The Mechanics', Long Island, City, Atlantic, Brooklyn, and Williamsburgh City Banks, all of Brooklyn, have sent in a communication to the Common Council of that city, stating that they cannot afford to pay any longer. the rate of interest at present allowed on the city deposits. They offer to pay hereafter interest on the average balances at the rate of 3 p cent per annum. We understand that the Rhode Island banks have completed their arrangements with the Suffolk Bank, Boston, for redemptions upon the same terms as the banks of the other New-England States. The notes of the Rhode Island banks will, no doubt, in few days be received at the Metropolitan Bank. The bills of the Hollister Bank are redeemed by the Receiver at Buffalo; those of the Agricultural and Dairymen's Banks by the Receiver at Herkimer, the difference of exchange being charged to the holder. Messrs. Thempson Bros., No. 2 Wall street, quote Currency, Land Warrants, &c., this week as follows:
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Philade Ipbia Banks with those of last week: June 28. July 5. $24,311 928 Inc $251,220 Loans $24,060,708 6,635,877 Dec. 28,804 6,664,681 Specie 4,064 Dec. 1,710,653 1,714,717 Due from other Banks 2,986,297 Dec 125,671 3,111,963 Due to other Banks 170,717 Inc 16,556,556 16,386,129 D. posits 144,929 2,434,181 Inc Circulation 2,289,252 The movement of the banks in the four principal cities of the Union, in which weekly reports are made, as shown by their last statements, is as follows: Circula'n. Specie. Loans. Deposits. 7,458,190 88 535 288 33,830,282 N. York, July 6 $119.812,407 5,313,000 9,104,500 21,570,800 55,808,500 Boston, July 6. 2,434,181 6,685,877 16.536,816 24,311,528 Philadelphia do 7,823,034 10,428,080 15,676,134 N.-Orlane, June 26 12,390,984 59,993,689 24,028,405 142,859.063 Total $212,323,819 210,088,832 139,058,311 57,941,227 22,781,785 Last week The circulating notes of the Delaware Bank of Delhi, N. Y., will be redeemed at par at the Metropolit in Bask. The Bank Department has authorized the Commercial Bank of Albany to redeem the bills of the Hollister Bank of Buffalo. The Receiver of this bank is also prepared to pay the creditors of the bank dividend of 20 P cent at Buffalo. Mr. Berj. Cartwright, who has been for twenty years connected with the City Bank of this city, has been elected Assistant Cashier of that institution. Mr. Viecher Ten Eyek has been elected Cashier of the Commercial Back of Albany, vice Powers L. L Green, deceased. These have been considerable further sales of Treas ury Notes at 1.10 to 2.10 ₽ cont premium for the 4 1/2 @13 P cents. The tolls received upon all the canals of this State for the present season were 88 follows: $72,564 74 Tolls received during the 4th week in June, 1858 89,795 50 Tulls received during the 4th week in June, 1857 $17,230 Decrease in 1858 $281,980 71 Tells received during the month of June, 1858 323,818 86 Tolls received during the month of June, 1857 $21,888.15 Decrease in 1858 Tells rec'd from opening of navigation to July 1, 1858. $638,215 19 Tells rec'd from openinh of navigation to July 1, 1857. 521,162 SO $115,652 Increase in 1858 The amount received for toll on all the canals during the fourth week of June, and to the 1st of July, in the years given below, is as follows:
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096 Mails 60011$ Total Increwse The increase, it will be seen, is in freight traffic, the passenger business showing & large decrease. The total exports of railroad iron from Great Britain to the United States for the seven months of this year, pus 1899 u! cords 8411 B Supmp these 4714 :8M0[10] 89 018 1897 'SSSI 1981 1839, "sung $19.91 'sun) 989'9 S. Draper's daily auction sale of Bonds and Stocks For 19 ((spira) MOLIOUI-01 place 1819 IIIM at the Merchants' Exchange. The business of the Clearing-House to-day WAS *TPT'268'21$ A sale of $100,000 of the Government Loan was made yesterday at 103{; interest until 1st of January 1331 JO more offer seller. eqf of of 01 for $100,000 was refused, although it is offered at the Stock Board at that rate. The payments into the SubTreasury on account of the Loan have reached over nine and a quarter millions of the ten millions awarded. Nothing could show more conclusively that New-York is the great monetary center of the Union. A deposit of $100,000 was to have been made to-day on NewHaven account. An auction sale of 376 lots of tailoring goods this morning drew out & fair company. The offering was mostly composed of vestings. A large part of these being velvets, which are in over supply, sold low. Of the high-cost staple goods, especially, a considerable portion was passed. The Boston steamer for Liverpool, yesterday, took no specie. The Empire City, from New-Orleans, has $112,000, probably Mexican silver, on board. Mr. John P. Yelverton has resigned the Presidency of the Mad River Road. Mr. Alanson Robinson, Receiver of the Hollister Bank of Buffalo, sold on Tuesday & large amount of notes, bords, mortgages, judgments, real estate, &c., belonging to the bank. The sales were made for cash down, and amounted in the gross to $16,067 45. Many of the claims, such as notes and judgments, to the brong dollars pussnoq: perpanq 900 about Jo imount less than 3 P cent on the dollar. A mortgage of $2 150, secured on the farming lands of Grand Island, sold for $1,700, and others in the same proportion. The Receiver's adjusted claims against the bank were taken ettate, Tool Jo 8.10 eur *81119 10J payment a! 88 under the circumstances, brought fair prices, although -88 87! JO share B [arge 08 203 seles jo quanoms 80108 the eete, must be anything but flattering to the stockholders. In regard to the Ls Crosse Road The La Crosse Republican of Wednesday says: Only four miles of staging now to the cars. they Crobee WI out 01 имор pus THE 080 9.M Jepan eM Crosse T North 01 suquimo us take stand & line of busses" are ready and waiting. Through to Milwaukee by rail from La Crosse next week The world moves, and La Crosse is connected with America with an iron band! It is believed that the branches of the Bank of Tennessee will resume specie payments on the let of September. The Cincinnati Gazette of the 24th says, that the Meu eqf) oigo the JO Bash of that city, is progressing steadily toward the starting point. W. A. Goodman had been appointed cashier. -deg Jo 181 the ue consumer II!!" rusq equal tember. The Utica Observer has been favored with the peruthis 30 Count Street ene Jo uojujdo Printed on JO [88 "O the 1surse Bank the Jo Case the [II] tario Bank, argued at the last general term or ;noure the J9A( 091 07 thought B'B.M. time equal of $14,000 due on four drafts drawn by James S. Lynch, cashier of the Ontario Bank, on Duncan, Sherman & Co., which were discounted by the Oneida Bank before the days of their respective dates, and the payment of which was refused at maturity by the drawers. Follows: 82 Adco in because 'strate 997 Payled 07 94L they are signed by the Cashier only, the statute reeq ehall have 9 4q epsu II" 1997 Serumb signed by the Cashier and the President or Vice President. The Court say that under the decision of the Court of Errors they are compelled to hold that this -uoo !! decision that 'edo pood 8 you 81 clusive on the Supreme Court, and must be reserved, -90218 the that pus Jo the u! THE 19 J ture of the Cashier alone is sufficient to bind the bank. The Court next take up the objection that the drafts were dated in advance. One, dated July 24, was discounted June 24; another, dated July 30, was dis -sip MM 'E 18nNny perep 'print 001 to eunf personoo counted July 3; and the fourth, dated August 15. was chap. 1450 JO 8457) *2 spe permonted 10 enest 01 association Ruy spiq toj 11 *098 '696 pies JO 10 mg Aug 0171 and pus puscep no epsm 90 11" QUITE 441 without interest. The Court, after discussing the point at length, decide that the drafts in question, being dated in advance, were violations of the statute; the no They pas pos 'PIOA 61 penest subs redad the " tool 8147 of no eq cannot 019 surate ***** 4200471 Jequinj Ass Court *41 eq 100 10A statute: eq: JO DI pensal ate pioA eqf u; PHBA ere Tem the 4q 06 persond 3aj 991 FI pred 10j epg Buoq 8 10 asq -sd eqf 7001 11 treded **** 10 holder 8 nons -ou TIM # 7007 # snq 'etting the 18 prad en|84 10J 190 tice derived from the face of the paper that it Was quoq B 'you BY H "MB[ JO of pensel repied epy -0J B u geent eqf discuss deqt equal Seuour 10J countries common 047 no psq eq uso $13400 consente the the appear pay 'weip off uo респваръ therefore Louis 8 uons quartity 101 IIIM eq pinom deep the 4q opnjouoo pleased to aid the plaintiff in collecting the large sum -Spof #1 recommend 1891 the this u! D9A|0A ment against the demand, and the Court can only re-puejep one 20J persond BI suemSpns *esroep 811 proo 00818 4114 TTB 30 Code the 07 carried eq THA 0880 on emissed M dw: ent pus 'gime at ;unome [s] The Appeart -op 04 uses 'eszo one at Supers suogsenb am 10 the
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What we are Coming to. The following item which we clip from the New Yorh Tribune, gives an inkling of the effect of the "tight times" on cash sales in the East, and furnishes a melancholy indication of similar sacrifices yet to be endured in the West: Mr. Alanson Robinson, Receiver of the Hollister Bank of Buffalo, sold on Tuesday a large amount of notes, bonds, mortgages, judgments, real estate, &o., belonging to the bank. The sales were made for cash down, and amounted in the gross to $16,067 45.Many of the claims such as notes and judgments, to the amount of about one hundred thousand dollars, brought less than three per cent. on the dollar. A mortgage of $2,150, secured on the farming lands of Grand island, sold for $1,700, and others in the same proportion. The Receiver's adjusted claims against the bank were taken as cash in payment for bills. The sale of real estate. under the circumstances, brought fair prices, although the gross amount of sales, for so large a share of its nesets, must be anything but flattering to the stockholders.