Click image to open full size in new tab
Article Text
BOSTON Sept 30, 1567. We, the undersigned, Presidents of the several banks herein named, do hereby agree to discount, on or before Monday. the 5th of Ostober proxim), ten per cent upon the capital of said banks, to be distributed among our cus. temers as the several Boards of Directors may determine:-Merchants', Massachusetts, New England, Hamilton, Boston, Suffolk, Granite, Washington, Faneuil Hall, stlas, Union, Traders', Market, North, Columbian, Eagle, Shoe and Leather, Bank of Commerce, State, Eliot, Web. ster, Broadway, North America, Maverios, City, Sha #mul, Exchange, Globe, Atlantic, Boylston, Howard, National, Trement. The Boston banks will pay out about one million of dollars in the shape of dividends on Monday next. The banks have declared about the usual rates for the past six months. The banks of Philadelphia show a great want of unanimity among themselves. They have not yet come to any satisfactory arrangement, and the greatest irregularity exists in all their operations. The St. Louis Intelligencer states that the country merchants of Missouri, Illinois and Iowa owe that city twenty millions of dollars; but they do not pay, alleging that they cannot collect of the farmers, many of whom owe on last year's account. One-fourth of this debt paid would make St. Louis one of the sastes) money markets in the country. Twenty dollar counterfeits on the Commercial Pank of Toronte are in circulation. They are altered from fours -nicely done, to be detected only by close examination. The plates have different vignettes. It is said that the Grand Trunk Rai!road of Canada has made arrangements to build the Lake Shore road, on the Canada side, to connect with the Michigan Southern at Monroe. The Chicago Democrat reports the suspension of the Peo ple's Bank, of Milwaukie, and the Badger State Bank, of Wisc nain, and adds that the banks in that city stand firm. Swit, Brothers & Johnson, bankers, of Chicago, have suspended. The Fox River Bank, at Grsen Bay, Wisconsin, capital $50,000 and circulation $25,000, secured by State stocks to the amount of $27,000, has suspended. The Philadelphia Press says that some of the merchants there are buying up their own paper at six per cent a month. The Directors of the Onelda Bank, at Ution, among whom is ex-Governor Seymour, Chas. A. Mann, T. 8. Faxton, Henry and David Wagner, state in a card that It has n surplus of sixty-nine thousand dollars, on a capital of $400,000.