Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-07

Si,ioO,ooo
Total cost,

Total cost, 81 100000
The total expenses the per annu
s.a the company ssseo interest Of per cent per
annum.
With the completion Of Albany and the in
Of business which necessarily grew Of the i'm
crops Of the that seek this city fer MARKET this
COMPANY may gradually pay debts become lucrative
II the only of all dividend paying railroad
canal companies that holds promise for the future
AT Philadelphia many failures have been reported, and the
market represented much condition than here,
particular Friday which day many heavy payments fell
due emission post notes selling per cent per
The Bank Of United States continues 10
species $500 900 passed through Harrisburg few
days its way Philadelphia, for that institution
The specie which moving from the South and West to Phila
dph supposed be the proceeds Of old debts which have
paid and renewed post There arrival Of
$67 New Orleans the goth al from Tampico
the Albany Argu, that the public oee refuse
the bills the banks under the General Banking Law
fer and other ebedness the State Teau
ry and they discount Of per cent
The branch bank Of Tennessee robbed the night Of the
Dad u $4,000 The Marine bank Of Baltimore has de.
elaed dividend Of three per for the last months,
In Wall street article Of Saturday, mentioned among
hanks which had In consequence Of the dicutcs OF the
tmss suspended operations Woughby Bank Of Brooklyn
This construed suspension Of specie payments
which by the On the contrary the conduct
OF the bank good example for many other institutions TO
follow Mr. Wloughby the proprietor Of the bank has been
known for many years. able nsDeer and gentleman Of
ample fortune On the passage the present law he
Of the first to test its paccsby He accordingly deposited
with the comptroller $4,000 Of state stocks and his
mortgage for $4,000 more making capital Of $500 ooo
which he commenced business 10 short time he lad sepo
sites the amount q s3s0oo had received from the
comptroller $4,000 a circulating bills with these the
discount line extended 100000 and hundred and
good opened Nothing could be pros
porous than such condition. but notwithstanding this Mr.
Woughby prompt discover that the banking bushes.
and could not be made profitable in
the then ofhe commercial world He therefore,
mindful old adage fret loss least determined
upon Immediately winding up the Accordingly, he
ceased d,coSnt and began redeemug his bills The dis
all been paid and the entirely closed
The circulation has been returned upon the comptroller with
the exception Of s2ooo which outstanding and
for which comptroller holds 5000 Arkansas stocks and
dsposte the Mechanics Bankiag Association
81 specie the bills they presented Many
Of the bills will perhaps be presented The law qures
that the securities remain With the comptroller until The
bill. are all in. To this emergency Law will
quire TO be altered.
The Nddlebury Bank of vermout mentioned sa,ur.
day article another column. having sbu shop
The Montpelier Banh the institution referred to- and
was mentioned in our money article Of Friday, having
stepped the required that the public should
from to ume " soifent OF not
dlebury bank sound and well conducted Institution II
Il in the Of wool district and Il, operations based
upon legitimate operation. Of trade lis bills are redeemed
in this city per cent which per cent better than
New York country bills. The following the leading
items Of the the date of It, last returns, made 10 No
vemser 1883
STATEMENT nippLrsusr ~ WOW 1883
C,rcrisfion Dsps. Losns Specie FWndsin NV Bestsn
ss7,Ilo sis.i7e sios,i5l 7,2fo 5A,fs3
hs unzo,
the specie hand small tina, the greatest proper
Of the bills require to be redeemed either in New York
Boston. Specie seldom demanded at the Bank
The farmer sends HE wool 10 Boston New York draws on IT,
the discounts the bill and the sank End their way
the cities where they accumulated the hands Of the bank
agent and redeemed by the draft collection or
these available ssds appears the bank had nearly ~ FOR
dollar and half Of circulation We shall receive return d
the present condition Of the institution Immediately aner
return Of Gen Nash wAe here on the business Of the
bark.
The injunction against the je~su City ma. been ~.
drawn. The following statement Of m condition on the
oath Sept 1889.