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TELEGRAPHIC! [ Reported expressly for the Daily Journal.] CINCINNATI, Oct. 13. The Kentucky Trust Co. Bank, Covingington, suspended to-day. Notes of the Bank of Connersville, Ind., refused. The Houses of P. D. Manchester & Gregory, and Inglesby & Co., reported failed.
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SECOND BOARD R R Erie 74g $8,000 Frie Con. Bds. 71 46 #80 do 50 694 500 ILL Cen R.R. Bds b8 46 do 50 .860 294 100 Cumberland Coal b80 46 500 do 299 do 100 40g al5 50 do 68 do 100 aGO 45g do b60 29 100 do 200 see 452 do 100 Rg 500 Penn & Lehigh Zinc b8 403 do 100 b8 728 200 Reading R. R 08 80 N. Y. Central R. R #8 72 do 100 bao 881 300 do 14 do 100 15 Clave C & Cip. R. R 101 b5-72 do 100 5 Chic & Rook Lald. R.R. 78 95 15 Mich So. R. * TUESDAY, Oct. 24-P. M. There was & better feeling prevailing at the Morning Board to-day, but at the Second Board the quotations were not sustained. The closing prices, however, show generally an improvement on yesterday. losed at 45%, an advance of Erie which touched 461 V cent.; Reading was I P cent. better; Hudson I River improved 1: Central was active but fell off I # cent.: a bear sale of 100 shares was made at 871, seller 6 months; Harlem, Canton, Cumberland, &sc., were steady; Delawaresold at 116; Lebigh Zinc sold at 21, a further advance; Nicaragua was firm at 23. In Railroad Bonds the market is rather firm. The loading bear made a sale of $25,000 Erie's, 1883, at 821, seller 12 months, and offered the new unissued loan at 80 on the same terms. Illinois Central sold at 691 Erie Incomes 92, which is an improvement of 1 . cent. There is some inquiry for the m from parties who propose to bid for the new loan, for which they are taken in payment. Convertibles sold at 741; New-York Centrals 872, and the Real Estate Bonds 80. Virginia 6a sold at 95 which was the only transaction in State Stocks. Governments were held strongly and there were no transactions. The market for Exchange has been heavy for this steamer, and as some concession in rates was made there have been some large transactions. Sterling ranges from 9 to 22 et., but first-class bills other than bankers have been sold at 9j@9f. A considerot. able lot of Canadian bank bills sold at 91 Francs have been plenty at 5.15@5.121. The market generally has been very irregular Freights continue dull. To Liverpool about 10,000 bush. Corn, 4@4jd.; 200 or 300 bales Cotton, jd.; Resin, 10@12d.; 350 bbls. Oil, and 50 tuns Bacon, 15/. To London, 700 bble. Oil, 17/6. To Ireland, a direct port, B charter was made at 7jd. To Bremon, 5,000 gale. and 1,000 bble. Oil were taken on private terms. To Havre, small engagements Cotton, 4c.; Ashes, $6@$8. A charter was made to Attakapas and back at 87, for Sagar and Molasses. The receipts at the Sub-Treasury were $327,088; paid, $14,616; balance, $6,551,343. Of the receipts, $200,000 were from the Bank of America on a transfer draft to New-Orleans, and was 6 portion of the balance of the Mexican fund. The Bank of Commerce also paid out $500,000 of the Mexican fund remaining in that bank, of which $100,000 was in coin. The whole remaining balance of the Mexican fund will probably be drawn from the banks in a few days. There are some small amounts of coin coming in from the West, but there are also remittances to the West of about the same amount. About $200,000 will go over to Boston for the steamer to-morrow. The Knickerbocker Savings Institution advertises that that institution will probably not meet with any loss through the suspension of the Knickerbocker Bank. The bulk of the deposits, it is stated, is secured by bonds and mortgages, and the managers counsel patience upon the part of the depositors The National Exchange Bank project, and the Empire City Bank, have been merged. Mr. A. M. Binninger, who was President of the former institution, has been elected to fill the vacancy of President of the Empire City, and the latter Bank will be removed to the building intended for the occupancy of the National Exchange. The new Board consists of A. M. Binninger, Elijah F. Pardy, William Adams, Leonard H. Church, Jonathan Purdy, William J. Staples, Isaac 0. Barker, Samuel Leggett, Jasper W. Hughes, George F. Nesbitt, Dennis Harris, Robert L. Mabey, and Joseph 0. Dorr. Mr. Barker, Vice-President, who has been acting President, has resigned, and the Cashier, Mr. L. H. Charch. fills the vacancy. Mr. R. T. Creamer has been elected Cashier. Thenew banking-house is on the corner of Greenwich and Duane-streets. Mr. Thompson furnishes the annexed information in relation to Indiana Banks: The following Indians Free Banks are 2 $ cent. discount, vis: Bank of Auburn, Aabura;" Bank of Bridgeport, Bridgeport; IndianaStock Bank, Laporte; Kalamazoo Bank, Albion; Merchants Bank, Springfield: New-York and Virginia State Stock Bank, Evansville; Plymouth Bank Plymouth Southern Indiana Bank, Terra Haute; Wabash Valley Bank, Logansport. All other Free Banks in Indiana except the Bank of Connersville, Eikhart County Bank and Northern Indiana Bank will be taken antilfurther notice at 15 cent. discount. The three above named Banks supposed to have failed, and are selling at 50 to 60 cents on the dollar. Any changes that may take place from day to day I will communicate to THE TRIBUNE
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Broken Banks. The St. Louis brokers decline taking the notes of the following banks: Bank of Connersville, Indiana. Kentucky Trust Company. Lafayette Co. Bank of Connersville. Newport Safety Fund, Ky. State Stock Bank at Peru, Ind. To this may be added the Elkhart County Bank, which the Chicago papers say has also failed. We believe these banks are all "Stock Banks," and although they are reported as broken, note holders should not suffer a heavy shave. They are not "broken," but "suspended," and it is thought the holders of notes on them cannot lose, as for every dollar of their issuess, there are State Stocks pledged for their redemption.
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Banks gone under. The Detroit Daily Free Press of the 22nd inst., publishes the following list of Banks as having recently failed. We have looked for, and may reasonably expect that one of the worst Bank panics the country ever experienced, is just upon us, butas to the correctness of the fate of the following we very much doubt. But here is the list published by the Free Press: Patchin Bank, Buffalo. Farmers and Merchants' Bank, Oswego. Farmers Bank of Canandagua. Drovers Bank. Ogdensburgh. Bank of Carthage. Farmersand Merchants' Bank, Maryland. Bank of Milford, Delaware, Furmers and Merchants' Bank, Memphis. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank. New York. Merchants Bank of Macon, Georgia. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Elkhart, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Knickerbocker Bank, New York. Suffolk Bank, New York. Kentucky Trust Company Bank. Newport Safety Fund Bank. Bank of Connersville, Indiana. Bank of Plymouth, Indiana. Commercial Bank of Kentucky. Bank of Kanawha, Virginia. Ohio Savings Bank, Cincinnati.
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# The Failing Banks The Cincinnati Commercial publishes a statement of the Kanawha bank, (of Va.,) showing a very safe state of affairs in that institution, and remarks- "While we know nothing of the institution except through the showing which it makes, and the character of some of its stockholders, we have no reason to suppose that we are in possession of less information than those who are endeavoring to do it an injury. An amount of assets equal to one dollar and twenty-seven cents for each dollar of its circulation is not a very bad state of things, certainly. We do not present ourselves as endorsers of the solvency of this or any other banking institution, but we should be sorry at this time of pecuniary oppression, to see the mitchief aggravated by an unjustifiable suspicion of any concern whatever. Of the Kentucky Trust Co. Bank at Covington, the same paper says- "This institution, closed its doors yesterday morning. The public generally have been taken by surprise, though there are many who seem to have anticipated the failure. For many months the amount of paper presented for redemption has averaged about $80,000 per week, which, at the usual high price of gold for sometime passed, absorbed nearly the whole profits of the bank. It is thought by some that the bank will be able to meet its liabilities; by others it is considered a complete failure. We saw some of its money selling for 90 cents in Covington, soon after the failure, which, at least is an indication that some of the people there have full confidence in the ability of the institution. The bank has a cirsulation of $800,000, a considerable part of which has been put out but recently. Speaking of the present state of Banks and money matters generally, the Sandusky Register says: "There can be no doubt but that the public mind is unnecessarily excited about the Indiana currency. The issues of the Free Banks are secured on what are considered good public stocks, and these securities if not forced on the market in an untimely manner are unquestionably sufficient to redeem the issues with small loss to the public, A panic forces the issues and the securities on the market, and the labor of the country suffers the loss. Those papers, which are busy stirring up this monetary excitement, should think of the ultimate effect of these excitements ere they launch out upon their ill-considered crusade against the banks." The following is a list of banks that have bursted within a short time past: Patchin Bank, Buffalo. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Dovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Md. Bank of Milford, Delaware. Farmers' and Merchants' Bank, Memphis, Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Kentucky Trust Co. Newport (Ky.,) Safety Trust Bank. Savings Bank of Cincinnati. The Bank of Connersville. The Washington Star cautions the public against the reception of the notes of the Arlington and of the Farmers' and Mechanics' Banks of Washington. Both are worthless, being mere bogus machinery started there for the purpose of flooding the country with their irresponsible issues.
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THE INDIANA FREE BANKS.-Mr. R. S. Clark, the publisher of Clark's Detecter," in this city, yesterday evening sent us the following note: "By a dispatch from our Cincinnati correspondent this evening, we are in formed that only three of the Indiana Free Banks are known to have suspended, viz: Bank of Connersville, at Connersville. Elkhart County Bank, Goshen. Northern Indiana Bank, Logansport." -- -Mo. Republican.
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The Indiana State Sentinel addresses the holders of the notes of northern bank of Indiana at Logansport. and the Bank of Connersville, lately suspended, not to sacrifice them. as the securities on file in the Auditor of State's office are amply a. ble to protect the bill-holder.
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THE BROKEN BANKS.-CHAS. HENKING, our Banker, is paying 50 cents on the dollar for notes on the Bank of Connersville; 20 cents on the dollar for Newport Safety Fund Bank of Kentucky; and 25 cents on the dollar for Covington Trust Company Bank.Notes of the Indiana Stock Banks are taken at par by some of our merchants for Goods. We would advise holders of the suspended bank notes not to sacrifice them, as no doubt very little less can result by holding on to them.
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BANKS GOING AND GONE.-The Newport Safety Fond Bink of Kentucky, and the Kentucky Trust Company, at Covington, have stopped payment. Sev. eral Eastern banks also. The Indiana State Stock Banks are generally discredited. Which are up and which down we are unable to tell, Ohio paper or gold is safest. The Indiana State Sentivel addresses the holders of the notes of the Northern Bank of Indiana at Logansport, and the Bank of Connersville, lately suspended, not to sacrifice them, as the securities on file in the Auditor of State's office are amply able to protect the bill-holder.
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FRANKLIN AND HIS CREW.From official information which we publish to-day, there no longer exists a doubt but the fate of the North-West Pas. sage explorers are forever sealed-they have been starved to death! In imagination we see them, pale and emaciated, wandering over the polar seas vainly searching for food, with no human eye to pity and no arm to save. At last nature's tired frame can no longer endure the pangs of hunger, and gently they lay them down on their cold beds and resign themselves into the arms of death.Perhaps as they closed their eye-lids visions of home, kindred, friends swept before them-perhaps they were once more in the midst of the family circle with their wives and little ones, and the fire blazed warmly on the hearth. Then, the vision vanished, and the awful reality crowded upon the brain that they must die! But why should we picture the scene? It is vivid enough in the minds of all. last fitful fever's o'er and they sleep well." Let them rest calmly in their icy graves. History will record their heroic efforts to discover the North-West passage, and thereby open new fields of interest to the civilized world. THE INDIANA BANKS. There is so much said now-a-days respecting the solvency and insolvency of the State Stock Banks of Indiana, that we give the following schedule of those banks which are reported broken, extracted from the report of the Auditor of the State. We think the bills of most of the Indiana Banks are good, and that the present panic will soon subside, still it would be well for our citizens to keep as much of the money out of their hands as possible-this is the safest course. Those who hold bills on those Banks not known absolutely to be broken, need not give themselves any alarm. By holding on they will be obliged to sacrifice no more than they will be by allowing the brokers to shave them. But hear what the Auditor says: Bank of Connersville. Capital $1,000,000: total circulation, $517,681. Secured by Indiana 5 and 21-2 per cents, and Ohio 6 per cents. Elkhart Co. Bank, at Goshen. Capital $500,000; total circulation $320,000. Secured by North Carolina 6 per cents, and Louisiana 6 per cents. Bank of Rensselaer. Capital $500,000 total circulation $114,000. Secured by Pennsylvania 5 per cents and Louisiana 6 per cents. Bank of America, at Morocco. Capital $500,000; total circulation $49,218. Secured by Pennsylvania 5s and Indiana 6 per cents stocks. State Stock Bank, at Jamestown. Capital $600,000; total circulation $337,000. Secured by Virginia and Ohio 6 per cents. Bank of Attica. Capital $300,000; total circulation $144,479. Secured by Indiana 5 per cents and Virginia 6. per cents. Northern Indiana Bank, at Logansport. Capital $200,000; total circulation $100,000. Secured by Indiana 5 per cents and Missouri 6 per cents. Western Bank, at Plymouth. Capital $200,000; total circulation, $100,000. Secured by Indiana 5 per cents and Virginia 6 per cents. State Stock Security Bank, Newport. Capital $250,000 total circulation $100,000. Secured by Indiana and Penn. 5s and Virginia 6 per cents. Drover's Bank, Rome. Capital $250,000; total circulation $49,798. Secured by Indiana 5 per cents. State Stock Bank, Marion. Capital $600,000; total circulation $75,000. Secured by Louisiana and Virginia 6 per cents. Public Stock Bank, Newport. Capital $200,000 total circulation $109,314. Secured by Indiana 1-2 and 5 per cents. Hosier Bank, Logansport. Capital $200,000; total circulation $49,985. Secured by Missouri and Louisiana 6 per cts. From the same report, says the Madison (Ind.) Daily Banner, it appears that the aggregate capital of the free banks is $32,900,000, and the total. circulation $7,426,067. Herewe have a " capital of nearly four and a half to one of debt," and yet the public must be shaved from two to ten per cent. on the paper of these banks.
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The Daily Bazette. Davenport, November 7, 1854. Monetary. The Cincinnati Railroad Record, which is always well posted on monetary affairs, in its last number contains the following nformation:"We see no reason for the panic which exists in regard to all Indiana money, and the history of the last few days shows the unnecessary Facrifice which the timid are always too quick to make. Brokers, whose business it is to make money out of monetary transactions, are always ready to buy uncurrent bills as low as they can get them, and this is sometimes governed by the competition among themselves; but it is certainly unwise to submit to an enormous shave, before it is determined whether the note is good or bad. "With reference to the Savings Bank of this city it is expected to re-open in ten days or two weeks. The Bank of Connersville is also expected to resume. The notes of this bank are secured by State Stocks, some of which are above par. The depos. itors are said to be few in number and well secured. "The Kentucky Trust Co. will close up, and has already been put in the hands of Trustees who were not heretofore connected with the Bank. They are Judge W. B. Kinkead and Sa uel J. Walker, Esq. John W. Stevenson, Esq., is selected as attorney. It is designed, if it can legally be done, to pay first the depositors either wholly or in part, and then billholders. Under this arrangement the billholder is expected to receive 80 cents on the dollar."
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The Indiana State Sentinel diveses the holders of the Notes of the Northern Bank of Indiana, at Logansport, and the Bank of Connersville, lately suspended, not to sacrifice them, as the securities on file in the Auditors of State's office are amply able to protect the bill holders.
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Monetary. The Cincinnati Railroad Record, which is always well posted on monetary affairs, in its last number contains the following information:"We see no reason for the panic which xists in regard to all Indiana money, and the history of the last few days shows the unnecessary sacrifice which the timid are always too quick to make. Brokers, whose business it is to make money out of monetary transactions, are always ready to buy uncurrent bills as low as they can get them, and this is sometimes governed by the competition among themselves; but it is certainly unwise to submit to an enormous shave, before it is determined whether the note is good or bad. "With reference to the Savings Bank of this city it is expected to re-open in ten days or two weeks. The Bank of Connersvile is also expected to resume. The notes of this bank are secured by State Stocks, some of which are above par. The depositors are said to be few in number and well secured. "The Kentucky Trust Co. will close up, and has already been put in the hands of Trustees who were not heretofore connected with the Bank. They are Judge W. B. Kinkead and Samuel J. Walker, Esq. John W. Stevenson, Esq., is selected as attorney. It is designed, if it can legally be done, to pay first the depositors either wholly orlin part, and then bill-holders. Under this arraegement the billholder is expected to receive 80 cents on the dollar."
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Broken Banks. The following is a list of Banks, that have suspended within a few months past. For the benefit of our readers, we shall keep it standing, and make weekly additions thereto, of such failures as come ithin our knowledge: Patchin Bank, Buffalo. Farmers' and Merchants' Bank, Oswego. Farmers' Bank of Canadaigua. Drovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Meryland, Massillon Bank, Ohio. Farmers' and Merchants' Bank, Memphis. Ohio Savings Institute, Titfin Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank Indiana. Bank of Northern Indiana. Bank of Washlenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Newport Safety Fund Bank Kentucky. Kentucky Trust Company. Bank of Kanawha, Virginia, Arlington Bank, Washington, D. C. Farmers' and M. Bank, Washington, D.C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. The Shipbuilders' Bank, Maine. Lewis County Bank, New York. Akron Branch, Akron. Marchants and Traders Branch, Cin. Exchange Bank, Buffalo. Farmers' Joint Stock Bank, Buffalo. Woodbury Bank, Connecticut. Circleville Bank, Circleville. The City Bank, Columbus, Miami Valley Bank, Dayton, and the CanalBank of Cleveland have suspended payment so far as depositors and time draft holders are concerned, but the bill holders are secured by State and United States Stocks.
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Free Bank Money. There is only one reason why every individual should not take freely of the paper of every one of our State Stock Banks, and that is, the money is. not taken in bank, and will not buy exchange. This objection may hold good with those who have to buy exchange, but is no objection, or should not be with those who have no exchange to buy.The money is all perfectly secure, and if farmers, mechanics and laboring men would determine to take every dollar they could get oi it, there would be no difficulty in the way of a good, sate, secure home currency. If the bankers and merchant's won't take it of you, pay it out to somebody elue that will. It will not be long before the merchants will be glad to get hold of a currency which they find out circulates freely among the people.' There is but three Banks in the State whose paper is uncurrent, and they are better secured than one half of the balance. These banks are the Northern Indiana Bank at Logansport, the Elkhart County Bank, and the Bank, of Connersville. The Northern Indiana Bank is secured by $91,000 in Indiana 5 per cent. Bank bonds, and $5,000 in Virginia 6 per cents. The Journal of this morning, justly remarks that the "5 per cent. Bank Bonds of Indiana, which always paid their interest promptly, and were always at par, when other State securities were down at 50 per cent below par. And then the stock is owned entirely in our own State, where the individual liability clause can be made available for any beficit. It is impossible for the bill holders to lose on the circulation of this Bank, unless they blindly allow themselves to be fleeced by intersted parties." The Eikhart County Bank of Goshen, is secured by $150 000 Virginia 6 per cents, $73,000 Louisiana 6 per cents, $35,000 N. Carolina 6 per cents, and $25,000 Indiana 21 per cent. These latter stocks were received by the Auditor at 55 cents on the dollar.Who can doubt the security of the bank, with such stock as a basis? The Connersville Bank is secured principaliy by Indiana 5 per cents, $190,000 Indiana 21 per cents, $12,000 Indiana 5 per cents Bank bonds, and $31,000 Ohio 6 per cent Canal bonds. This bank has authorized the Auditor of State to deliver up to bill holders its stocks at their market value, when presented in quantities of $1,000. The owners of this Bank are responsible men, although ore of them has been somewhat embariassed by the failures of the Cincinnati banks. We have no doubt of the solvency of all three of these banks, and that they will pay specie in a lew days, to every body but brokers and sharpers, and no Indianian will bla ne them for refusing to submit to the runs of the carpet bag gentry. Keep it before the people, that we continue to take paper of either of these Banks, in payment for the Courier, for advertising, for job work, or wind work. Don't be backward, gentlemen-sent it along. [Lafayette Cour.
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suspended within a few months past. For the benefit of our readers, in these times of bank suspensions, we shall keep it standing, and make weekly additions thereto: Lewis County Bank, of New York. Carthage Bank, do Milrose Bank, do Drovers' Bank, do Bank of Carmel, do Ogdensburg, do Exchange Bank Buffalo, do Patchin Bank, Buffalo, do Eighth Avenue Bank, do Bank of West Killingly, Connecticut. Bank of Ellsworth, Maine. Bank of Circleville, Ohio. Clinton Bank of Columbus, Ohio. Canal Bank of Cleveland, do. Miami Bank, Dayton, do. Woodbury Bank, Connecticut. Shipbuilders' Bank, Maine. Merchants' and Mechanics's Bank, Chicago. Union Bank, Chicago, Ill. Knickerbocker Bank, do Farmers' Joint Stock Bank, Buffalo, N. Y. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Farmers' and Merchants' Bank, Maryland. Merchants' Bank of Macon, Georgia. Milford Bank, Delaware. Merchants' Bank Burlington, Vermont. River Bank Connecticut. Cumberland Bank, Maine. Kentucky Trust Company Bank, Covington. Newport Safety Fund, Covington, Ky. Commercial Bank, Paducah, Kentucky. Trans Allegheny Bank, Virginia. Kanawha Bank, Va. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochitute Bank, Boston. Elkhart county Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Arlington Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. Akron Branch, Ohio. Merchants and Trader's Branch, Cin., O. City Bank, Columbus, Ohio. Commercial Branch, Toledo, Ohio. Ashtabula Branch, Ohio. Napersville Bank, Illinois. Merchants Bank, Bridgeton. Government Stock Bank, Ann Harbor, Mich. Cuyahoga Falls Branch Bank, O. Licking Branch Bank, Ohio. Phoenix Bank, Chicago, Illinois. Du Page county Bank, Illinois. Bank of Ottawa, Illinois. State Stock Bank, Peru, Indiana. Stock Bank, Lafayette, Ind. Bank of Elkhart, Plymouth Bank, Fayette county Bank, Delaware county Bank, Logansport Insurance Company, Indiana. Indiana Stock Bank, Laport. Savings Bank, Cincinnati. Scituate Bank, Rhode Island. Wollborough Bank, New Hampshire. Bennington Bank, Vermont. Monsum River Bank, Maine. Bank of Ellsworth. Bank of Milford, Delaware.
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Last Week of Indiana at Par. N and after the 15th December, we will receive 0 Indiana Free Banks only atthe usual discount. Till then it will be received as per advertised terms, except E khart. Bank of Northern Indiana at Logansport, and Bank of Conersvill which wil: be taken at 90 per et. discount. Illinois Suspended Banks BI asual discount. W H.HOLMES & Co. Dec. Sth, 1834.
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From the Crawfordsville Review. The Free Banks of Indiana. The following list of Free Banks of Indiana were reported in the recent Convention at Indianapolis, as specie paying banks: Hoosier Bank, Logansport; Prairie City Bank; Indiana Stock Bank, Laporte; Gramercy Bank; Western Bank, Plymouth; Canal Bank, Evansville; Fayette County Bank; Lagrange Bank; Bank of Indiana, Michigan City; Bank of Syracuse; Cambridge City Bank; Bank of Rockville; Salem Bank; Bank of Monticello; Crescent City Bank; Central Bank, Indianapolis, Indiana Bank, Madison; Bank of Goshen; Bank of Salem; Farmer's Bank of Westfield; Keutucky Stock Bank; Kalamazoo Bank; Bank of Warsaw; Bank of Mount Vernon; Bank of Paoli; Bank of Elkhart; Merch. and Mechanic's Bank, N. Albany. Bank of the Capitol; Trader's Bank, Indianapolis; N. Y. & Virginia Steck Bank, Evansville; Farm's & Mech's Bank, Indianapolis. The following resolution among others was adopted: Resolved, That we will receive and pay out the notes of the banks represented in this Convention as specie paying banks in all business transactions, and that we will in no case treat as par funds, the issues of any suspended bank whatever. The above list comprises all the banks covered by the foregoing resolution. It is thought that twenty or thirty more banks will acquiesce in the arrangements in a :week or two. Here is a list of those which the Indianapolis Journal says "have no place of doing business,-no owners in fact that anybody can find,-and don't redeem their paper in coin, currency, or exchange." Bank of America, Morocco; Bank of Connersville, Connersville: Drover's Bank, Rome; Elkhart county Bank, Goshen; Merchant's Bank, Lafayette; Orange Bank, Poseyville; Merchant's Bank, Springfield; Northern Indiana Bank, Logansport; Plymouth Bank, Plymouth: State Stock Bank, Logansport; " Peru; Trader's Bank, Terre Hante.
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I Total $63,245,655 63,373,976 128,321 The cash receipts of the Morris Canal for the week ending on Saturday, 2d inst., were $8,816, against $7,570 for the corresponding work last year, being an increase of $1,276. The receipts for the year up to the 26th alt. were $51,312. against $45,458 to same date last year, being an increase thus far this year of $5,854. At a meeting of the Western Railroad stockhold ers, held on Tue day, the 5th inst., it was decided, by the large majority of two to one, not to accept the act of the Legislature which authorizes the company to issue six per cent bonds, to pay for the purchase of the Hudson and Berkshire Railroad, and construct a second track from Springfield to Albany. After this vote was decided, a reconside. ration was called for, on a "stock vote," and carried. The question or acceptance was then taken and decided in the affirmative. The Courier says:The opponents of this measure have used great exer. tionsto defeat it, but finding themselves in the minority, submit to the result in the cheerful spirit of true republicanism. doubtedly more The increasing. than c line un. formed without the completion of the second track, and the managers express the confident belief that there will be no curtailment of the regular dividends. The sinking fund already amounts to $30 per share, and the stock ought fetch par, including the July dividend. The state Treasurer of New Jersey has given no. nce that an injunction having been issued from the Court of Chancery restraining the Americau Exchange Bank at Cape May Court House from exerclaing any of the privileges or franchises granted under the State act, the notes will be redeemed at the Treasury office at Frenton. on and after July 20. The gross receipts of the Hudson River Railroad Company during the eight months ending May 31, 1855, amounted to $1,345,252 05, against $1,199,954 53 for the corresponding period the previous year, showing an increase of $145 297 52. The Newark Advertiser gives the following sy nopsis of the decision of the Chancellor of New Jersey in the case of the Morris and Essex Railroad. The company will probably appeal, as the points at issue are of the greatest importance:The Chancellor appears to have given much time and attention to the subject, which is not only important to this city, but of very general importance, inssmuch as it is deemed to settle the law in the case. The opinion, we are informed, is very erudite, and exhausts the subject. The court comes to the conclusion that no railroad company, in the absence of legislative permission, has a ight to lay its railway along any public highway, in town or country, with the consent of the proper authorities-it indeed, any other than legislative authority can effectually be given in the premises. If a company does, without such authority. thus lay down its track, the track becomes at once a public nuisance or obstruction to the street or highway, and as such may forth with be removed. The Chancellor, we understand, retains the injunction for a short time, to afford the complainants an opportunity to appeal from the decision, if they shall see fit to do so. The opinion and judgment of the court fully sustain the action of the city authorities in the matter and but . short time will elapse before the final adjudication of the matter will have taken place, even though an appeal be taken. Should no appeal be taken, however, in & rea. sonable time, the injunction will be removed. of course, and the Common Council permitted to remove the track. In this case it may be done, in fact, at the expense of the parties claiming to own the track, for it is provided, we believe, by section 5 of the ordinance, entitled "An ordinance to remove obstructions from the streets and for other purposes." that the Street Commissioner, Mayor. or any or either of the members of the Common Council, may order any article or thing whatsoever which they may deem an obstruction or nuisance in or upon any street of the city, to be removed, and if it be not removed forthwith, then to remove and seil the same, and out of the proceeds of the sale reimburse the city for the expense of the removal of the obstruction. We understand that the Chancellor has made no order yet to remove the track, and the city will not move fur. ther in the matter till official authority to do so is recoived. The receipts of the Beaver Meadow Railroad and Coal Company, since the commencement of the sea$54,429 58 son to the 2d inst, amount to 36,022 To correspending date last year $18,406 79 Increase (over 50 per cent) The coal tonnage for the past week was 14,641 tons, against 11,072 tons in the corresponding week last year. The State Auditor of Indiana notifies holders of the circulating notes of the Merchants' Bank at Lafayette, Merchants' Bank at Springfield, Greene County Bank at Bloomfield, Government Stock Bank at Lofayette, Laurel Bank at Laurel, Bank of Connersville at Connersville, Wabash Valley Bank at Logansport, Bank of T. Wadswortb, of Hartford, at Michigan City, to return the same to the office for cancellation, on or before the 15th day of July next, that the outstanding circulation may be determined as accurately as possible, and a pro rata dividend thereon declared. Certificates for the amount returned will be issued, and the dividend on the respective banks paid upon presentation of the certificates at the Auditor's office, after the 15th of August next. The Lancaster Daily says, in relation to the failure of the Lancaster Savings Instititution, through its Treasurer, Mr. Boughter:The amount of defalcation is reported to be $300,000. Before his arrest Mr. Boughter had assigned over to the trustees all his real estate and other property, amounting in value to $120,000, leaving an unbalanced deficit estimated at $180,000. The capital stock of the institution was $50,000, all paid which, taken from $180,000, leaves $130,000 to be lost by the depositors. The depo. aits are set down at $550,000; and from this statement it is estimated that the depositors will realize from 75 to 80 per cent on their deposits. Some seem inclined to believe that they will eventually realize the whole, and that the institution will be again put into operation. The Auditor of the State of Obto has just issued his report for the last fiscal year. The revenue and expenditures were as follows:-FINANCES OF OHIO-RECEIPTS AND DISBURSEMENTS. Receipts. Taxes of 1853, and delinquencies of pre$2,851,571 vious years. 477,264 26 Canal tolls, fines, water remts, &e 39,813 13 Dividends on railroads and other stocks 106,250 82 Surplus revenue-principal and interest 149,748 51 Proceeds of sales of school lands 93,455 Other sources 762,830 57 Balance in State Treasury Nov. 15, 1853
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Sp n. and which was attached in No York by one Hopper, some months ago, has been restored to him by order of the Court. THE Postmaster General has decided that a pen mark made over or opposite an article in a newspaper with the sole object of calling attention to the article, will not subject the paper to letter postage. WASHINGTON, Nov. 20. According to the present dete rmination. no copies of the President's Message will be sent out for newspapers, as heretofore, in advance of its delivery in Congre THE Bridgeport, (Conn.) Farmer, says that Mr. Adolphus Beers, while fishing one y in a brook at Stratford, discovered and has in his possession what purports to be a diamond of the best water. He is officred two hundred dollars for his prize. AT a land sale at W noni, Wisconsin, a stranger undertook to overbid a settle, when the crowd reized him with the design of drowning him in the river. He dre a revolver and shot three of them, though not fatally. THE little town of Solon, Ohio, with a Pol ulation of only 1035, manufactures two hundred and fifty tons of cheese per annum. GLOVES.-Belgium is the great glove manufactory of the world. It is stated that from one establishment last year, 400 000 dozen pairs were exported to England and America. There are three thousand hands employed. The Chicago J urnal says the follow. ing Indiana banks have been wound up, and their securities sold. The bills are worth, according to the sum realized, the following figures Bank of Cornersville, 87 cents; Wabash Valley Bank, 63 cts.; Green County Bank, 81 cents; Mer chant's Bank. Lafayette, 90 cents ; Laurel Bank, 62 cents Government Stock Bank' 80 cents. THOMAS FRANCIS MEAGHER was married in New York on Wednesday, to Miss Townsand. It is rumored that her father has cut her off with "a shilling" in consequence. RARE PORT.-If the Newport News may be relied upon, the citizens of Cov. ington indulged in very novel amuse ments That paper of the 19th says: "We understand thst a lady, for a wager of $20, walked one square and back, on Saturday night, maked, without detection; in the event of which she was to have the money. The feat was pre formed on Main street, Covington, betweeen Fourth and Fifth streets, at no later than a quarter after ten. The night was very dark." MASSACHUSETTS.-Dr. Chaffee, the new K.N. Member of Congress from this State, is said to be an old fashioned Abolitionist. At any rate, he has long been known as a determined Free Soiler, and voted the Republican State Ticket at the late election, though himself running on the other side. We count his vote safe for a freedom-loving organization of the House, for Reeder and Free Kansas all the way through, and for the impeachment of Kane, should the House find time to waste on game of that size. THE MULT/PLICATION TABLE.-Many persons are not aware that this ingenious table was invented by the Greek Phil osopher Pythagoras, 538 years before Christ, and is consequently 2393 years old. Scholars as they wade through the intricate mazes of "twice one are two," will please ponder upon this intereting fact. THE Southern Statesman, published at Prattville, Alabama, urges the "appropriation of every dollar in the State Treasury," if recessary, for the purpose of foreing slaveryinto Kansas! It urges the calling of County and State Conventions for the purpose of organizing Southern "Kansas Aid Societies." A PROJECT has been started in Louisiana to connect the Mississippi River with Lake Borgne by a canal, cut from a point eleven miles below New Or eans, to an in ersection at Bayou Phillipou. It is believed that by the construction of this work up country produce conld be landed at Mobile, and other places of consumption along the sea be rd, at one-half the cost of freight charges, and vice versa, by the avoidan e of the re-shipments and expense of consignment at New Orleans. The proposed canal will be less than four miles in length, and w Il cost about $600,000. It will contain a single lock and will carry vessels drawing eight feet of water. The project seems to find favor NAM Ouk
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News of the Morning. ARRIVAL OF THE AFRICA.-The Africa arrived on the 19th. Peace Conference still sitting, considering minor details. Paris has been illuminated in honor of the peace, and the Orleanists and Legitimists took a part in the illumination. No news of importance from any quarter. Markets active. Iron in good demand. Provisions unchanged. The President and several members of the Cabinet visited Annapolis on the 18th.They were received by citizens in the Senate Chamber of the State House. Mr. Pierce replied in a happy manner. The next day, in company with the Governor and Secretary of State of Maryland, with other officials, they inspected the Naval Academy. Milton L. Latham was unanimously confirmed Collector of San Francisco on the 19th. The South Americans have carried the city of Augusta, Ga, at the charter election. SPECIAL Tax.-The City Council has ordered a vote to be taken on the 30th inst., to authorize the levying of a special tax. We are requested to state that this order was passed not because the Council has determined upon, or even contemplates, any unusual or extraordinary appropriations for any purpose, during the ensuing year. The object is to provide against contingencies. It may happen that the Council will need more means than are at present provided, and in such case the law makes it necessary that the election ordered should be held by the time specified. If the vote should be in the affirmative, the Council will then be clothed with the necessary power, and can then exercise its discretion. We observe that the Mayor's proclamation does not prescribe the form of the ballots. The Auditor of the State of Indiana gives notice that the notes of the following Free Banks have been placed in liquidation, and gives notice to the holders of the notes of said banks to have them at his office for redemption on or before the first day of Oetober next: Traders' Bank at Nashville: Elkhart Co. Bank: Bank of Connersville: Bank of Attica; State Stock Bank of Indiana at Peru; Wabash Valley Bank : Bank of America, at Morocco: Bank of Albany; Bank of Bridgeport; Laurel; Orange Bank Green County Bank; Atlantic Bank; Bank of T. Wadeworth; Traders' Bank at Terre Haute; Drovers' Bank at Rome: Farmers' Bank at Jasper; New York Stock Bank at Vincennes; Plymouth Bank. The Keokuk Post (Republican) comes to us with triumphant rejoicings over a great victory gained over the Democracy of that city, who insisted upon running a ticket at the municipal election, upon strict party grounds. The Independent or opposition ticket was elected by a strong majority.[Dubuque Republican. The Keokuk Post pretends to be independent, but is at least anti-Republican, whatever else it may be, and didn't rejeice very much over the election. The Times is the regular, and the Post is the irregular, Locofoce paper in this city. The Gate City is the only "Republican" journal.