The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-06
honey MARKET,
Wednesday, Jan. 8


moderate business was done at the Stock board and
prices generally gave way Delaware and Hudson fell
/; Indiana bonds 1; Illinois Il Harlem Railroad Long
Island /. Sales Of bills on Philadelphia 4 per cent.
At New Orleans the efforts of the strong banks at
sumption have been the ofgreat excitement. In
der to get clear Of the weak banks the others found
necessary to refuse to receive their bills deposte
in the payment Of notes. This created excitement,
which the bank officers had not gh to resist
and it is to be regretted they frightened into
nquishment resolution and again received the
notes. The Bank of Louisiana alone had the moral
courage to resist and New Orleans paper states that
eenemdn7 whose notefell due at that institution had
the folly to sue the bank for damages because refused
the bills Of the dscre lifted banks The notes Of the
Atchafalaya, the Orleans, and the Exchange Bank
offered in Wall street at lsalo per cent discount
The Auburn and Rochester Railroad Company has de-
clared dividend at per cent payable LIST Of January
to stockholders the books in this cy at the Bank OF
the State Of New York The Trustees of the New York
Life Insurance and Trust Company have declared semi
annual dividend of six per cent payable the 10th inst
Washington Marine ms Co. six per cent for the last six
months, payable on the 10th inst. The Merchants Ma
rne ms Co five per cent able and after this day
The Merchants Exchange Bank has declared a semi
annual dividend Of per pay able after 10th inst
In the report of the United States Bank committee Of
investigation, made last winter among the liabilities is
put down guarantee of tho Planters Bank Of Mssisip
p bonds for $4,000 These endorsed by Richard
Alsop Of Philadelphia and fell due at the u Bank in
this city yesterday, but protested for payment
Mr.. Alsop resists payment endorser the ground
that the bonds being sealed instruments his endorsement
is null and void in the eye of the law. What pass
have we come to, when individual resorts to such a
suberfuge,o avoid his debts 1t is supposed that
the bank here had share of the spols Suits will be
Immediately nced and the validity of the hsnors
bIs subfer ffg,t tod Who tho
Did not the brokers represent at the time of SALE that
Mr. Asop was to be the recipient and did not Mr. AL
sop, bore endorsing the bonds consult Mr. Binney of
Philadelphia to ascertain il the enforcement would
bind him land not the result Of that consultation
the ground Of the present refusal TO pay II is the Gus
tom Il the papers and Spectators here camor aganst
western State reputation because there it has taken
tangible shape and yet individuals here are daily prac
tcing Reputation, in their transactions between man
and man. The clamors for bank suspen sion in 1882
by the Pearl street people and the Wall street press was
effort at reputation disgracefu than nythng
that has taken place in Mississippi The National Bank.
rup Law is reputation in another shape The people
Of Mississippi notwithstanding their determination no,
pay those bonds for which they received no
vaent stand infinitely higher in the scale OF moral and
mercantile honor than does Pennsy vana with her cor.
rupt banking system, controlled by desperate specua
tors, who have not only rcpudaed their individual debts
but have squanlered $50 900 Of the property of
others thereby have been the cause Of equalization in
other quarters
The following is the return of the Treasury Depart.
ment to the LIST instant showing the amount Of Treasury
Notes redeemed and outstanding -
REruRS % TRr,syRY Norss on JAsuaRr l. 1871, 40 CON
PARED WITH NOVEMBER |, ASoDscEnBSR 3, Isl!.
suedunder the provisions Of
s sss a is Mss s 5' sr ,s
ofis amt has been rdeemedasqiias IS Sss7 IS ssissi
under act q FEB u.s. 1881 soiists sSsssss dss.ss
redeemed oil tn" ISSUE to1Is2 t.ssn 771ln
sslsoss sssl osl ssgl,,s.
This gives decrease of sass 1874 for the month De-
cenber being chiefly paid in at the Custom House as
they are at discount in the market The Treasury is
now bankrupt and what will be adopted to replen
sh it, is matter of great interest the regular mer
chants and tho people at large, who should be
alert lest their rights and interests should be nfrnged
by iDjudicious means, taken to raise money tha po
clans may dodge the question Of taxation.
The opening of the Reading Railroad lately extended
from Reading to Pottsvle took place on Saturday the
Ist inst
The Lebanon, Miami, Bank of Ohio has entirely OK.
plodod. This concern bought up in Dec $780, by
gang oil spectators from Buffalo and Michigan We |
Cautioned the public against it ut the time The persons
concerned were James Earl, w. Earl j. j. Bin CHAM j.
8 iglehaft Nj igiehart Earl subsequently sold out,
and the igeharts, who are brokers in Cincinnati with
one Lougee continued their connection with il, and pre-
tended to redeem it their Office in Cnsinna, Recently
appears, the auditor OF Ohio, Mr. Brough made ar
ransement with il to take up the certificates given for
work done on the Miami Canal This enabled him TO ex
tend its cire nlson to point which enabled IL to burst
with profit ~ r. Tylehart Co. who ere at the bottom
osthe concern publish Bank Note List. at Cincinnati
in order to obtan credit for suspicious hssks in he
same nannor thai the proprietor oc the Jacksonville
Bank the Ulster Bank, suqnehsuneh Drijge Bank ard
many other shnplastcr mills publishes bank note list
tiho Sun Office The auditor Of Ohio ought TO be ia.
nedisely mpceehed for having any connection with