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nation. MONEY MARKET Tuesday, Nov. 12-6, P. M. The stock market presented the same features today as yes. im Sales were made to a fair extent at a continued in prices. U.S. Bank declined & per Trust and Bk'g. Co. 1 per cent; Bank of provement terday. Amer. Canton Commerce cent, per North cent, im2 cent, Del. & Hudson per cent, Harlem 1 cent, Utica & Schenectady at per was sold at 124 a 13 per proved Philadelphia per per Exchange (Canada) ceat cent; discount 10,000 comThe Commercial Bank of the middle district law. payment of specie on the 8th inst., according to demand meuced event produced no sensation or any extraordinary of Ban. bills of the Mercantile and Globe banks are not received at the Suffolk Bank, for The specie. (Me.) The dividend Boston. of 3 per cent, The gor, of Chambersburg has declared a div. Bank last six months. The Carliele Bank has declared Bank of for the of 31 cent, for the last six months. The for idend Washington, per D. C., has declare a dividend of 3 per cent, the last six months. We stated yesterday the fact that a post note of the facts US held by J.J. Roosevelt & Ce., had been paid. The Bank, J. J. Roosevelt & Co. held a 5,000 dollar post note, Bank of are these this city, and a bill for $1000 of the U. S. sued payablt Pennsylvania; both were protested, and Mr. Reosevelt attachment on the funds of the bank here, in consequenec The of out whi.h an the post note was paid with 7 per cent interest. funds bill of course remains unpaid, and the attachment on led the to the institution still remains. This transaction has of other post notes due, in order to avoid The to meet these payments, is as payment of the the law. ability banks the hailed process in Phila- the of barbinger of a speedy resumption by the sound notes delphia. The probability is that the bank will redeem which due here until her funds ere are exhausted, or the notes arrived at maturity are settled and the attachment and rehave moved. She will then remove her funds to Philadelphia, stop again. It is only on compulsion that she pays. The Ohio Life and Trust Co. of Cincinnati have resumed payments, and there are indications in other insolvent quarters of specie a determination to shake off the dishonest and policy. The Erie Bank (Pa) has suspended. The Washington Bank, which stopped on Friday last, list has of returned to specie payments today. The fellowing is a the officers of the bank Robert Van Renssalmer, President. DIRECTORS. John Harris, Peter Palmer, John E. Folen, Richard Oakely, Robert Elder, Richard Barnes, Chas. Henry Hall, Joel Kelley, Sherman, Joseph Stay vesant, Alpheus Hanford Loveland. This institution was started with $25,000 Arkansas stocks, and for which they gave their note to the N. Amer. Trust of Banking Co. due on the 8th and 11th inst. This amount stock, added to $20,000 mortgage on property in the upper was of this city, formed a deposite of $45,000. which bills, pledged part with the comptroller for $40,000 circulating dollars which they have received, and of which 30,000 was now in circulation. The occation of their stoppage are certain amounts of their bills have been loaned to the direcused them as pledge to borrow money, that they should not be circulated for tors, derstanding that who with days the Friday, un In this manner Mr. Richard Oakely obtained a um,and on Wall employed John F. Adriance to raise money on them, in check This he did at 10 per cent discount, and received a for street. the amount on the National Bank from Mr Wood, the Amer purchaser. In the mean time, the note given to the North ican Trust & Banking Co., had fallen due, and it was understood which not be paid. This caused a run upon the Bank check would them up; on discovering this fact Mr. Wood had his abut stopped. The Bank, however, paid their note on the 11th, about the last day of grace, and resumed on their notes, for which $1000 in specie has been drawn. The bank having without stoppe under such circumstances, cannot regain its reputation the course of strict probity. They will, probably, bills like and a long Growers Bank, be obliged to pay up all their course of events. This bank has not others which we have had occasion to like wait Wool numerous the issued directors post mention, notes to'be the practice of loaning their notes to their pledged but for the notes of other banks is highly reprehensible deand lays them open to the severest animadversion. It bank is a can parture from sound banking principles, which no guilty of and preserve its credit. that the City Trust Back and others have made take It appears with persone who owe money at the west to of arrangements notes at a discount, and transmit them in payment who their post We have the names of several individuals net are engaged in their debts. this, and we warn our friends in the country countenance such a currency it will end in an explosion.- be to generality of the new banks are entirely irresponsible The the notes they issue, bearing the signature of the The comp yound treller, which cannot be obtained without security. se- of raised for this purpose constitutes the entire means its curity of the institutions. The Tenth Ward Bank procured circulation most by pledging mortgages on property in Cincinnati Arkansas the North American Trust and Banking Co. for with which were deposited with the comptroller. Another called the Croton Bank, has in Wall street. Even the true new stocks, association, located bills made issued signed its by appear- by badly the ance, comptreller and well secured by stocks, but banks the banks, are of less value than those issued by conducted known and of sound reputation, for the reason that holder there well guarantee for their ready convertibility; and the is no at any moment incur the trouble and expense of protest may transmission to the comptroller for settlement. and have received the following highly important circular fund from We Albany in relation to the redemption of safety bills :CIRCULAR, Convention of the Safety Fund banks, held of Auburn, pursuant to At a the American Hotel, in the village M. Oliver on notice at the 8th day of November, 1839, Hon Wm. Friday was appointed Chairman, and N. T. Williams, Secretary. The following banks were represented: A.D Patchin. New York State Bank, Albany, by John Paine. Bank of Troy, Robt. Campbell. Ottego county Bank. Wm. K. Lothrop. Madison county Bank, L. Beardsley and U. G. White. Commercial Bank of Oswego, Wm. M. Oliver. Lewiscounty Bank, M.W Bennett. Bank of Salina, J. Wiskinson. Onondaga county Bank, Jas. 8. Seymour. Bank of Amburn, Geo B. Throop. Cayuga county Bank, T.P. St. John. Bank of Ithacs, N.T. Williams. Tomphine county Bank, L. Covell. Chemung Canal Bank, Wm M. Oliver. Yates county Bank, J. B. Fenton. Wayne county Bank, F. Clark. Bank of Orleans, J. Stringham. Commercial Bank of Buffalo, Lewin Eaton. City Bank of Buffalo, Wm M. Oliver. Steuben county Bank, of Buifalo H. Pratt
