Click image to open full size in new tab
Article Text
00 000'84 Purchase of Hermitage. 99 996 061 Total direct debt 00 000'949'8 Indorsed and loaned to Railroads, &c. 99 [W10] The Stocks owned by the State pay an interest of 6 + cent on the estimated value. The Hartford Times states that an application has been made for an injunction upon the suspended banks of that city, upon which there was to be a hearing yesterday afternoon. We are informed on good authority that a statement in a letter from Philadelphia, published in THE TRIBUNE of Saturday, to the effect that Mr. Wainwright, the President of the Commercial Bank of Pennsylvania, had been arrested on & charge of perjury, is incorrect. No arrest has taken place, though one is threatened by parties who have long waged bitter war on the institution. The question is one grown out of & transaction which the Attorney-General of the State has declined to take action against; and which, as we are assured, grew out of a misapprehension as to the receipt of uncurrent funds on deposit, which, up to & recent decision of the Supreme Court, was habitual with the banks of Philadelphia. Mr. Henry, the Bank Commissioner of Illinois for the northern half of the State, has addressed to, The Chicago Journal the following letter under date of the instant: 426 At this season of panic and distrust, when every man is afraid to trust his neighbor, and when he draws his de posits from his banker dare not keep his money after he has drawn it, it is a proper time for the people of Illinois to inquire into the affairs of their own banks and to inform themselves as to their condition. The Illinois banks have issued and have outstandjo JIEY 9 pus every mooth Jo B But dollars: to secure that circulation, they have deposited with the Auditor of the State, four millions nine hundred thousand of six per cent Missouri bonds, and two millions and a half of interest-paying bonds of other States. The law also makes the stockholders individually liable to the amount of their stocks. Beside that. they have the notes and securities for currency loaned out. I look upon the banks of Illinois as among the safest in the United States. The difficulty our banks have labored under, more than any other, has been from the gradual depreciation of Missouri bonds, produced "penser qunour and the fact thet ten millions more may be issued: secondly-the fear that in case of the suspension of our banks, 8 large amount may be forced upon the market, Aenour em u! pressure pus sign 18 STOOLS 118 пмор bonee has 1891 meals In consequence of the depreciation of the Missouri bonds, the Bar Commissioners of Illinois have been compelled at different times to call upon the backs to put up further securities, or return their circulation. above SUM 4014M 'aunf III perable 'epear SUM call V fully responded to. Another call was made, payable the 10th ofthis month; this has already been comII 1sour Aq 09 II!M pus 'Xueur &q mith paid Lot all the others. The first call was made based upon Missouri bonds, at 83 cents, or 17 per cent dis"yrnoo do not believe a further call upon banks to furnish more securities will be necessary for the reason that whatever may be the result of the pressure State Stocks must advarce, particularly those of Missouri. The people of Missouri are thoroughly waked up on the subject, and are determined to sustain the credit of our 'penssi spuoq erout ou have pus State their Speeds easy 78 Jo Commentee Jo passed a resolution instructing the Legislature to that effect, and, in conversation with many leading men of the State, I have learned that it is their determination to have the next Legislature, which meets this month, pass a revenue law providing a sinking fund for the pue 'spuoq them reperm pus the JO payment 'enset further B dessible se JUJ SB This will restore their credit and make them equal to the stocks of other States. Capitalists have withdrawn their capital from banks and railroad stocks. They must invest somewhere soon. State stocks will be sought for as the safest investments, and will and must advance: and if they rise but ten per cent, our securities will pay, dollar for dollar, for our currency. As it is, putting Missouri bonds at the lowest figure, 65 cents, and other stocks at present prices, we can 04 Burgoof mouth 'Jenop the 01 centre 06 18 redeem 10 em 10 the sources. The Stock Security Bank at Danville, which went into liquidation, is now paying at the Auditor's Office in gold, 881 cents. The Belleville Bank, the poorest secured bank in the State, will pay, with Missouri 811 pus 'IPNOP the 01 cents 08 cents, 19 78 stocks the ui new the Suous 929 OUM county, are responsible for the balance. I know it is objected that our banks cannot redeem in gold. Most of them have done 80 in the ordinary course of business. Those that are located in the northern part of the State have redeemed, till within a few weeks, their entire circulation every sixty or ninety days. It is not expected that when gold is worth 10 per cent premium, they can continue to far. nish gold in that way. Perhaps it is better they should go eq prom Country "O" "100 gold, which would take its way to New. York and our currency would be entirely withdrawn, and yet the price of exchange and demand for gold only increased. unable mo 02 ST эпо mq To proge better use in That Map pus PIEMIOJ -XO 10; Tates 4214 gons And 01 than upong uo [ 01 11138 pus so medical 02 enumue IIIM your change not cure the evil. They must have our produce East. When navigation closes prices will probably advance in New York, and we can afford to pay railroad trans portation rather than such exorbitant prices for exchange. There is now no export 'of gold to Europe. Gold will SOOR be returned to New York, and the demand great 08 99 you IIIM 19"H pios 10J Our crops are abundact-we have more than sufJOJ pusmep em puu debts, Juo discharge 01 them will come sooner or later. The same energy that bas accomplished 80 much will, if only exercised, HEREY 'S "If mo moy sn extreste BANKERS' MOB AT PADUCAH.-A messenger of the house of Kioney, Espy & Co. of this city, just returned from & trip into Western Kentucky, projo euo Joj jo 8 01 Suisod gold, reports a curious state of facts at Paducah. He had a pile of notes of the Commercial Bank of Kenthe SPM pa3 18 banking-house to demand the specie, when he was beset by a crowd of boisterous fellows. who insisted that be should not present the notes. The President and Cashier of the Bank, however, behaved like gentleme en, telling the mobites that they were interfering with their (the bankers') business, as well as that of the messenger, and insisted on counting down the gold for the returned notes. The messenger then made his way to the house of the Paducah Branch of the Bank of Louisville. The officers of the concern were sitting on the -seur em qour em pus "Sapping em 10 sdate °H *esnoq the into elessed and blooked pus made out, however. to inquire of the President of the institution whether he could have specie for his notes, -MeN our eajs noA II AA "N, percents S.M.M. pus % om ША " °N" at Recounde 101 rotes ?" No Whereupon the mob cried Move him, the d-d Ohio Abolitionist!" a remark which hurt the "! there " 'we 'qoum Alea on jo aBugeer REM on an LAND 1981
