Article Text
$10,470 400. The meeting of the Clearing House this of ernoon was much more barmonious than was anticipated, and the questions under discussion were satisfactorily settled. Every bank in the Clearing-House was represented, and the importance of the occasion fully demanded this full attendance. The time for changing the present State currency system was postpored to Wednesday, so that the banks will continue to receive State currency at par until Wednesday inclusive. This will give the State banks an opportunity of completing their arrangements with the Metropolican for redemptions as before the suspension, and, with few exceptions, such arrangements will be made. Responses approving of the action of the ClearingHouse have been received from some seventy-five banks. The meeting also voted almost unanimously to continue to use the Metropolitan certificates in settlement of Clearing House balances. A motion was made to use specie only, after Wednesday, for this purpose, but the voices in favor of this motion were only four or five. This settles the question of bank resumption for sometime to come. The only strenuous advocates for immediate resumption are the Commerce and the National, but they would scareely resume without the support of the other banks, and appeared disposed to conform to the sentiment of the meeting. The final disposition of the State currency certificates appears to be yet unsettled, and some banks are getting rid of them by buying gold, and by throwing themselves debtor of the Clearing House purposely. The arrangement for consolidating the Buffalo and Corning and the Buffalo and Hornellsville Railroads has finally been consumated, and the new company, under the name of the Buffalo and New-York and Erie Railroad went operation on the dinstant. Owing to the refusal of the Central to sell the branch from Batavia to Attice some ten miles, at what the other company consider a fair price, some little time must elapse before the Corning road can be connected with the other road at Attica. The new company have surveyed the route, and are now getting the right of way, and will construct the ten miles at an early day. It is to be hoped, however, that some arrangement will be made with the Central 80 as to obviate the necessity of a new road. When the connection is made we shall have & broad-gauge road from Baffala to Rochestex which will give increased facilities for the transportation of grain to the millers. The new company will have some advantages over most of the roads, not even excepting the Central. This company form the connecting link between Rochester and Buffalo and the New-York and Erie road, and they have & certainty of freight both ways over their roads which must be profitable. Thus, Rochester supplies a large amount of flour for New-York. This furnishes freight to Corning. There is a large demand for the Blosburgh coal, which comes in to Corning, both at Rochester and Buffalo, and along the line of the road, SO that the return cars can always go loaded either direct to Rochester or to Buffalo. From Buffalo they can load with grain to Rochester, 80 that they have a local business in freight that can keep their cars busy at a fair price. This is independent of a good general local business both of passengers and freight. The basis of the consolidation we have not seen, but presume the new company takes the two roads at probably not far from $20,000 per mile, including all the real estate, rolling stock and fixtures for operating the roads to almost any extent, and representing a capital of some four millions. There are nine banks in the city of New Orleans. Four of them-the Citizens' Bank, the Canal Bank, the Bank of Louisiana, and the Louisiana State Bank -are banks with special charters. Five are working under the general banking law of 1853, viz.: The Bank of New-Orleans, the Mechanics' and Traders' Bank, the Union Bank, the Southern Bank and the Bank of James Robb. Five of these nine banks, viz : The Bank of Louisiana, the Louisiana State Bank and the Canal Bank, among the chartered banks, and the Southern Bank and the Bank of James Robb, among the free banks, have never suspended on any class of their obligations. The Citizens' Bank pays its circulation in specie when demanded. The bank did not pay its deposits for 8 season, but has resumed, and pays all its obligations now, in fall, on demand. There are, therefore, three only of the nine banks in a state of suspension. The old Bank of Pittsburgh, the Honesdale Bank, the Monongahela Bank, the Chester Valley Bank (new), and ore or two others in Pennsylvania, continue to pay all their liabilities in specie. The Farmers' Bank of Bucks County, at Bristol, has refused to accept the Relief Law, and will at once resume. A meeting of the creditors of C.H. Mills & Co., was held at Boston Friday afternoon, and a statement, which presented rather a complicated state of affairs, was made. A proposition was made by the firm to put their property into the hands of Trustees for the mutual benefit of creditors. A committee, composed of Ignatius Sargent, Samuel Hooper, and Nathaniel Thayer, was chosen to investigate and report at an adjourned meeting to be held next Friday, giving their views upon the best manner of winding up the concern. The Auditor of Illinois says that the Hamilton County Bank, the Bank of the Commonwealth, and the Hutsonville Bank, having failed to make good their securities within the time required by law, will have to be put in a course of liquidation. The deposits and coinage of the branch mint at New-Orleans, for the month of October, were as follows: GOLD DEPOSITS. California Gold $10,746 00 191,982 Gold from other $206,728 00 Total gold deposits SILVER DEPOSITS. $61 77 Silver parted from California gold 875,953 98 Silver from other sources $376,015 75 Total silver deposited Total bullion deposited $582,743 76