Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-11-13

nation. 4
MONEY MAR X EFT.
Tuesday, Nov. 1915, y. M.
The presented features today
tesday. Sales fair at continued i'm
proyemsnt prices u s. Bank declined per cent North
Trust and Bkg Co. per cent; Bank Of Commerce I'M
proved per Del Hudson per cent Canton per cent
Harlem per cent Utica Schenectady u cent; 10000
Philadelphia Exchange sold la IS per cent discount
The Commercial Bank Of he middle district Canada) COM
msuced payment Of specie the 9Th nst according to law"
The sensation any extraordinary demand
for ,uscie The bills OF camille and Globe banks Of Ban
gor Mel are received the Suffolk Bank, Boston Inc
has declared dividend OF per cent
for the last six months, The Carlisle Bank has declared div
idend of 81 per cent the last six months The Bank OF
wasssgton D. c. has declare dividend Of sper cent for
the last six months.
We stated yesterday fact that post note Of the
Bank held by Roosevelt Co., had been paid The facts
are these j. Roosevelt Co. held 500 dollar post note,
payable this city and bill for $1,000 Of the u g. Bank Of
Penney vana both protested and Mr. Roosevelt sues
the funds Of the bank here consequence
Of viii peat paid with per cent interest The
bill remains unpaid aud the attachment the funds
of the institution still remains This transaction has led 10 the
post avoid the Of
the Law. The ability to meet these payments hailed as the
habnger Of speedy resumption BY the sound banks in Pha
delphia The probability that tie bank will redeem notes
due here until her funds exhausted the which
have arrived at maturity settled and the attachment re-
moved She will her funds to Philadelphia, and
stop again. Il is only comPulsion that she pays
The Ohio Life Co. Of Cincinnati have resumed
specie payments there indications in other tiers
OF determination shake off the dishonest and nsolvent
policy. The Erie Bank (Pa) has suspended.
The Washington Bank which stopped Friday last has
returned specie payments today The following is list Of
the officers Of the bank:
Robert Van Rensselaer,, President.
DIRECTORS.
Richard Oakley, John E. Foen,
Richard Barnes, Robert Elder,
Jo. Jos. Sl B. sstuyv...nt, Airheus Sherman
Hanford Loveland
Tn institution wa. started with 5000 Arkansas stocks
for which they gave their note to the N Amer Trust aud
Banking Co. due on and 18th inst Til. amount Of
stock added $4,000 mortgage property in the upper
part Of this city, formed deposte Of $4,000 which was
pledged with the comptroller for $40 900 circulating bills
which they have received, and Of which $4,000 dollars
ore circulation The occasion OF their soppage
that certain their bills have loaned the drec
o who used them pledge l. borrow Money with the un
derandng they should be circulated for 60 days In
this Mr. Richard Oakley obtained um,and on Friday
employed John Adrance raise money them, in Wall
street This did per discount and received check
for the National Bank from Mr. Wood the
chaser In the time the note given to the North Amer
lean Trust Banking Co., had ss DUE and was understood
would not be paid This caused upon the .nk which
shut up discovering this fact Mr. Wood had his check
stopped The Bank paid their note the ith the
last Of grace aud resumed their notes. for which about
$1,000 specie has been drawn The bank having stopped
under such regain its reputation without
long Of strict proby They WILL probably like the
Wool Growers Bank, be obliged to pay up all their bills and
wait This bank has not Issued post notes
hs numerous which have had Mention
but e practice Of oanng their nses to their directors tobs
pledged the Of other banks highly reP'ehensibs
Hays them open the sverest aninadvsrsion de-
parure from sound banking principles, which bank
h gsilty Of and preserve ITS credit.
appears TIE City Trust BAok and Others have made
persons who money the west to take
thsr post notes discount and Transmit them payment Of
hsir debts. We the Of several ndivdua who
are engaged in this friends the country net
TO countenance currency viii end in explosion
The generality OF the banks entirely irresponsible be
yond the they bearing the signature Of the comp
treller which be obtained without security The
cury for this purpose constitutes the entire Of
most Of the Institutions The Tenth Ward Bank procured its
circulation by pedgne morssgs on property in Cincinnati
With the American Trust and Banking CO. for Arkansas
scchs which deposited with the comptroller Another
new association called the Croton Bank has made lie appear
located in Wall street. Even the bills signed BY the
ue compser and well secured BY stocks hut issued BY badly
oseted banks Of less vsse than those uedb banks
veil Known and Of sound reputation for the that there
i; no guarantee their ready eonvsrby and the holder
NAV moment the trouble and expense OF protest
and rsnsnission the comptroller for settlement.
We have received the following highly important circular
from Albany In relation the redemption Of safety fluid
bills =
CIRCULAR.
Al ention Of the Safety Fund banks held 10
rotics the American Hotel in the village Of Auburn
Friday the day Of November, 1882 Hon WIN. M Oliver
vas appointed Chairman, and ~ T. Wliiams Secretary
TIE following banks we're represented:
New York State Banh, Albany, by A. Paichin
B.nk Of Troy. jobs Paine.
Otsego county Eana. kobt Campbell.
Madden county Bank WIN. X Lothrop.
-..,p. II o.. l.. Beardsley and
Commsse's DAM '" o'"'so' u. q. White.
Lewis county Bank, VIM. NJ. Oliver
Bauk Of Salrua nj. w Bennett
Osondaga county Bank, J. Wilkinson.
Bank ef Auburs, Jas 9. Seymour.
Cayuga county Bank, Geo b. Thrsop.
pankef Ithscs, T. r.. ST. John.
Touaphius county Bank, Mt. Williams.
Chemung Canal Bank, L. Covell
Yates county Bank, VIM NJ. Oliver.
Wayne county Bank, J. b. Fenton.
Bsah Of Orlezns, y. CLARK.
Commercial Bsnh OF Buffalo, J. Stringham.
City BANK Of Buffalo, Lewis Eatcn.
stsabsn county Bank VS. M. Oliver.