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

tofore recommended b. committee Of the safety 'una
Resolved That the banks u.dsr general ssnhng a~
invited to participate fully in the above srrangss - ~
jet part q tn. SasS to he a.n
cy and returned home fer redemption, ana tn.s ~ 49,
Albany be authorized to ecsvs from ny ~ sSon.
Ps o. e q" Of New York Stat. Bank having
Resolved That the agent for conducting the busne's con-
tempaed by these prosssdngs be tbs New YORK sas am
il the city Of Albany an h. Il for
Quoting the Business. Nj IN NIT - f
Assent, A. D rArcHls, Cashier, :, ,vrp c,.;-a Y
NJ T. WILLIAMS, Secretary.
AuBuRN. Nov. 9, 1885,
sR:-Tbe result Of the deliberations Of the Convention
with grt unannity is confidently believed that this
will be satisfactory to the community The time gwen tne
banks for bills under this angement at Al
bany instead ofther nts less than the risk ami
expense returning home to the banks and about what
equivalent the expense Of the messenger agency &c
which the banks incur Dy this arrang' meat.
Messr stebbns aud Davis two Of the bank commissioner
were here, and concurrea in the arrangement
The banks represented earnestly recommend to oil the
safety fund banks in western New York. pomp. compliance
with this and the banks that do not notify their
dissent this arrangement By letter to A. D. Patchn, Esq
WIN. Nj. OLIVER, Chairman.
N. T. WILLIAMS, Secretary.
This good arrangement and similar to the Suffolk sys
Of Boston, with this difference banks instead ofkeep
ing deposte at the agency must redeem their bills within
sixteen days in New York Albany funds being notified
and the agency allowed Of per cent instead
the ofhe money The operaion will be highly
beneficial and will drive the other banks into it, all their
bills will be collected and ned upon them by the agency
messenger for specie This will rapidly break down the
lave banks. With regard to the security bills, somewhat
similar plan pursued by the ssey fund banks 1t is their
send all of that description Of bills that into
their hands to the Atlantic Bank institution under the
law this city, by whom they sealed and returned
the banks which issued them for specie und In this way about
$4,000 collected and home from the agency weekly
The arrangement will much extend tins operation and
render imperative the banks make arrange
ment for their bill they cannot maintain circulation. We
gradually coming right. 6e fFN
sales nj the Stock Exchange.
$3.50 Corp Bonds s3t 450 do $500 Drafts Phlad
$4,000 do s7t $4,000 do s7 80 b. TAI 30 do %
a. so sod; so do u, so do 73a b3d20 do
Mechs BIZ ss-77 do Union Blk, 97i90 do Dry Dock 5s-
40 do BIZ Of Com Scrip o. IS do 81 SO do, ut; SO
ssOd-22 Farmers T 800 do illinois, 6o-i50 do Del
Hud ST. w $50 de- ST. ss0d l6 do. 5725 do Am Elk Bank,
81 SO do 67 bl5d so do $50 do 100 do 574 10
do, 564; SO de- 81 tnv 100 ga bs0d2o do KY 81
do bS0d; IS do lbs do g. s30d rs 663 b3090
do Morris Canal 2i-a0 DO Eagle Fire ms Co. eas0 do
Trust 81 s30d As do 37i % do 374 s30d 2 do, SOD;
100 do, 354 $500 do 49, 3Od IS do 3a btw 100 do s7
btw; us do 49, btw l25 do, SO nw do Mohawk So IS
Canton Co. Ball. 2s 10 do 2si 100 do 80 b3Od do 90
SO do Jersey % so do 7925 do stonington 49, 2Od 80
do, l5t-5do Boston Prov e; so do 95 s0-lOO do Har
lem $50 do sea- Is do 40 20d; 200 do 39i $50 3
sS0 80 do 39I 500 ITO do 39 l0do Paterson so
ssOd-Io0 do Utica Syracuse, lls; IS do, ll3i