Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1839-10-30

Broome Co. Bank, dis Rochester City Baak DIS.
Central Bk, Cherry v'ey,.' Bank Of owego,
Jefferson Co. Bank, Livingston 90. Bank,
Bank of Monroe 9. Mohawk Bank,
Mont emery Bank, Bank of Auburn,
Ontario Co Bank Bank of Geneva,
Ontario Branch Blk Utica" Utica Branch Bank,
Oneida Bank Leather Bank
Bank of Utica Stsuben CO. Bank, AUS
Albany City Bank, Bank Of Rone :
The following redeemed at the North American Trust
and Banking Co.
Orange Bank NJ Gyes Commercial Bank Troy, dis.
and over. par. Merchants and Farmers
Farmers Bank Hudson. Bank, Ithaca,
Farmers aud Dlo,cfs' Bank Of Syracuse,
Bank. at somers, Farmers and Mechanics
(3enes,ee CO. Bank lprct Bank, 3prct.
ByJ I. Smith, at 20 Wall street,
Rank Of Delaware lprct Herkimer Co. Bank, pr Ct
Cayuga Co. Bank Sacketts Harbor Blk,
All Others redeemed including red back and safety fund
are bought at % Wall street, per discount There
are however, many brokers who charge from to cent
according necessities Of the sellers Providence bills
are bought from 10 to ~ discount
The following the of exchange, be:
Ph;,ad,,nb;a u,aI2t dis Mobile Isa2O
Ral,;ror. lI.I1 New Orleans. Gallo
Richmond, II alo { Charleston, l2aiS
The brokers viii not buy bills Of those banks redeemed
in the city less than per cent soprecarous Is the ma
tue Of redemption considered being liable to be discon
tnuea at any These for the money have led
the purchase the bills for the purpose Of demanding specie
on An agent =t with 100000 for that pur
pose which purchased at Of per cen discount
The operation therefore yields profit Of $2 600 IN few days
This drain few Of the banks stand While these oPer
atons are going on do the committee of the Western
City Hetc having failed in the objects Tor which
they here passing resolutions that they have perfect con-
fdence which they representa- Why do they not
60 home and provide instead OF staying here
and saying they pay7 1t is cash that is wanted not re-
solutions.
The difficulty Of procuring the banks
daily increasing; daft Of the Erie County Bank, new
bank in this city, called Atlantic for 1895 redeemed
with some difficulty many of the banks at the
west which not disc but the bills used by
the proprieors their individual business and not lew OF
whom employ their funds in buying western money in Buffalo
and drawing the specie for IT.
The effects position Of New York beginning TO be
manifest in the specie fro. the south large amount
has been today this city, and offered at
mium which could be obtained, and was then dePos
tied with one Of the banks in the ordinary way II Is
idle suppose that banks will give any thing Tor Pe
Gle They will make them perfectly safe, and
they do about keeping From Philadelphia we
learn that public opaon changing in favor Of the New
York policy against United states Bank winch nstts
ton becoming unpopular CAST the merchants understand
the true bearing policy Already the majority banks
or which against suspension making prerara
tons to discred bills altogether. The moment that Is
done will stand broken bank The practical effect Of
this feeling explained the fact that person who
terday large buyer OF that stock Philadelphia at 50 cash.
a. ful6. contracts, refused il at "a next week.
Of the Marine ms and Branch Bank Macon
and also the Planters Bank Of the STATE OF 0eorgs
pared with their condition at the time Of nsion IN May
1887.
Msy 1897. Oc6 isSS.
Loans Specie. Loans. Specie
Ins. Bank sa'sas 1885 ata,iss 1870
Pirs Bank i.oso,!se s67,76o 7eS,s7 ios,'oo
Circulation. Depssites. Circulation DePosfes
I'M. Bank 4s6770 234s70 1895 s0,a6s
Pr Bank s5l 6l3 ss9,a93 los6e9 l7l,52S
The prevailing but impression at the SOUTH that
NE New York banks would follow the wake Of the United
States bank caused the receipt Of the Of the Pia
dephia failure Nashville the suspension Of the Union Bank
and Planters Bank, both Of which large debtors to the
bank of Tennessee which institution drew from them 100000
in specie previous their supenson and then addressed Tie
following note 10 the Legislature in session;
BAsK TErrEuEs, Oct. 10. 1889.
To the General Assembly Of the State Of Tennessee
GE,rLEmEs-By last evenings mail We are IN receipt Of
the that the banks Of Philadelphia, Baltimore and
Cincinnati have u nded the PayEen 'ofsPeeie and probably
the New York and Kentucky banks also.
This morning Union and Planters Bank have also
pended The balance this institution from those banks 10
very considerable they refused Of the same
Ihave the hos,r, &c. WIN. NlCHOL, President
The oowinss statement Of the three banks at different