16862. Clinton County Bank (Plattsburg, NY)

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Iem s. Mohawk t. Not much doing in Exchanges. Sterling is9a91; Francs 5.264 5.25. There will be some specie shipped by the next French packet, but probably not large amount. Mexican Dollars are worth 3 premium; Spanish 3 a 6; Five Franc pieces 93;a 932c. It is stated that the Oakland County Bank, Michigan, has been bought up by the Bank of St. Clair. This latter Bank is mainly owned by Jesse Smith, of Ohio, and having already as large a circulation as the law allows, the Oakland County Bank is to be used as a sort of tender to increase the facilities. Smith is very large operator in Banks, produce, &c &c., has his head quarters at Newark, Ohio, and, it is said, carries all his accounts, books, &c. in his head and hat.Rather a loose method, it must be admitted, of keeping the details of an immense business like his. of A considerable proportion of the Bank note circulation Ohio and Michigan consists of Bank of St. Clair paper. J. The Mechanics' Insurance Company of Newark, N. has declared semi-annual dividend of 5 per cent., payable cathelst of October The owner of the New-York State Security Bank, with a view of going to Europe, has, since last January, ceased loaning and issuing notes. On the 1st of July last the CITculation was reduced to $486. The excess of rolls on the Public Works of Ohio for the five weeks ending July 31st over the same period last year amounts to $39,365 78, certainly a most encouraging and remarkable result. The Banks of New-York are in debt to the Philadelphia Banks one million of dollars; and it IS in contemplation to put New-York funds at discount. The following letter from the Receiver of the Clinton County Bank, addressed to Thompson's Bank Note Reporter, will be of interest to the creditors of that Bank: PLATT$BURG, August 10th, 1843. J. THOMPSON, Esq.: Dear Sir: According to my report of the 30th of July, 1842, filed with the Clerk of the Fourth Circuit, the estimated net value of the real and personal estate and debts due to the Clinton County Bank, amounted to the sum of $106, 252. From this amount should be deducted $40,000, the timated value of the Comstock and Melatyre mortgage, the Commissioners of the Canal Fund having & prior lien to the value of the property. Since that report, it is pretty well ascertained that this amount cannot be realized, unless the creditors of the Bank and bill-holders avail themselves of the liberal order of the Vice Chancellor, allowing them to purchase the property and effects by paying only one-third of the purchase money in current funds, and the balance in the bills of the Bank, or claims allowed against it. This, as yet, has not been done to any extent. The debts due the Bank are collected with a great deal of difficulty, and, in order to make a final close of this matter, it is contemplated, this fall or winter, to apply to the Vice Chancellor for an order, authorizing me to dispose of the remaining effects and securities of the Bank, due or not due. at public auction, when the creditors can have an opportunitv. they choose. to purchase rather than have the property sacrificed for nothing. The claims presented and allowed against the Bank, prior to the first Monday in March last, amount to only about $20,000. The large bill-holders, having been previously secured for their interest, did not present their bills to the Receiver, which accounts for the small amount of claims allowed. Thus you will perceive that, if the property of the Bank is not sacrificed by the negligence of the creditors, there will be more than sufficient to pay off all the claims allowed, and leave balance for the benefit of the Safety Fund. 1 am, respectfully, yours, &c. H. K. AVERILL Receiver of the Clinton County Bank. By the official report of the Bank of Silver Creek, the circulation 18 $75,329; deposits, $30,977; due Banks, $1,470; $12, profits, $3,124; loans and discounts, $72,253: specie, 256; Bank notes, $7,815; due from Banks, $24,343. The receipts on the Buffalo and Attica Railroad for the four weeks ending August 20, were $6,310 94, exclusive of mail transportation. The number of passengers was 9,630. Expenses of the Road, $1,305 76. The Road is 32 miles in leagth, and cost $259,366. The personal property of the Company is worth $31,307 The Carthage (Ohio) Convention passed an unanimous resolution that the nominees to the General Assembly be instructed to oppose any increase of the public debt of Ohio, and to use their best exertions to provide for the prompt paymeat of the interest and speedy redemption of the principal of said debt. a The shipments of Coal up to the present period show considerable decrease from last year. Ther are as follows: 1843. 1842. 331,455 307,647 Schuylkill 100,875 104,235 Lehigh 100,000 Lackawana 100,000 25,000 40,000 Susquehanna 50,000 100,000 Overstock April 607,330 687,882 Total The Buffalo Commercial Advertiser says, very pertinently, that the counterfeiters are now engaged in the most extensive frauds which have marked them for many years.Scarcely any of the Banhs which obtained bills under the new law but what have been counterfeited in the new emissions. The country is full of this trash, and dealers must be keen or they will be confoundedly gulled with it. The by. latest detected were 3s and 5s on the Exchange Bank, AlbaPaper white and flimsy. At New-Orleans, on the 19th, there was no material inoff crease in the amount of Bills offeriug, but a further falling in the demand has produced a decline in the rates, particularly for Sterling, which We now quote at S st per cent. premium. Francs, also, have given way a little, the high ratus asked having induced some considerable remit. tauce in specie, which would already have been carried to greater extent but for the fact that holders of Mexican dollars now demand & per cent premium. : Mobile, on the 19th, with an extremely limited quest, and adequate supply, the market for Exchange has rebeen downward. very quiet the decline for two in weeks that past, period with gradual tendency both in Bills and Specie; the little inquiry being which all per 18 cent enced being for New York Bills and New-Ocleans Funds. experiThe Bauk of Mobile resumed checking on the North week before last at 19 per cent. MORE NEW COTTON,-! bale of new Cotton was ceived in Macon on the 19th inst. and sold at 6 cents. re. In Savannah, on the 21st inst., a bale of new Cotton was E. ceived from Macon. It was grown on the plantation of Henderson, lb. Esq. of Houston County, and sold at S cents It was fair. On the 16th inst. bale was received Montgomery, Ala., from Henry Lucas, Esq., which was syid ei S; cents. Another bale of new Cotton was received at New-Orleans on the 19th by the steamer De Soto, Capt. Scott, from the plantation of P. H. Harbone, Point Coupee. The first bale was received on the 6th of and on the 19th had been 260 bales, with sales of 143 28/c the last receipts year August, bales at per 1b. for parcels of good middling to fair. Markets-Carefully reported for The Tribune. MONDAY. August 28. ASHES.-There is a good demand for Pots at 371, bbls. have been made to-day at that rate In Pearls we hear of 100 Holders are very from. bbls. 5311. The market is rather easier for this description. market is firm at the The disposed to press their stocks on the market fac have been but moderate 11 tors not being consequence COTTON.-The operations of very to-day, advance, partly about this firmuess. The stock is estimated bales. We continue our quotations. and FLOUR the AND MEAL.-There is fair demand lots market. having been nearly cleared of the occasiona to-day do not offering sell at low rates, IS more firm. The large receivers or W. but shippers do not give the market den quote for England, at current rates. There are yet some unfilled price Genecee 411, with fair sales; Michigan and Ohio