The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-01-17


Notes Of Banks, ll.0i4 Due Banks 1860
Due from - l95 Deposites lS06S
Other resources, 1871 ISL Other liabilities, 1874
1916 600 s376699
The Lebanon MamIBank, which stopped lately, has
made assignment Of all its assets to T. w MGure, of
Lebanon for the benefit of the creditors. Three other
banks Lave passed resolutions to wind up their oirs
viz: the Bank of Z'nesyille, the Commercial Bank OF
Lake Erie and the Bank of Chillicothe This
from which the State obtained loan Of 1851 900 during
the past year, and the institution is make offer by
which the State will be able to pay the bank in the
rency receivab by the State The det now payable
in New York.
The ship ashore reported tot be the Morrison, turns
out to be the Frankfort, from New Orleans.
The Treasury note bill the issue of Oo
0o) Of Treasury notes in lieu of much othe $2
loan Of the session. has passed the House OF Repre-
sentatives Ofal the means proposed to borrow money
that the mismana yement OF the government fnan
renders borrowing necessary this is perhaps The
present state Of the market the least Objectionable
mode in which can be done The necessity for Dor
rowing at all at such juncture this is greatly to be
depored and the So that the government should
have impaired its credit by dvesting itself of the
proceeds oil the public lands, which should have been
appropriated to the discharge the debt The increase
of the amount outstanding will no doubt fall in
the value of those upon the Market particularly
there is of Judging Of the issue of the pre-
sent financial difficulties of the government. There is
yet way pointed out to remedy the deficient
and the prospect that OF yearly adding the present
debt which is attracting the issue SIS 600
Under the tariff the customs may yield SIS Oe0
and il the distribution act remains in force this all the
TO meet $40 100000 of annual expenditure With
this prospect ahead, nothing save the government
credit enable It 10 obtain money any terms but to
recall the proceeds Of the public lands it to
Inter andy of tho
and then levy impssts promptly to fully an eoono.
moal expenditure. The state Of the markets and of
American credit at home anu abroad, make rigorous
measures imperative. The government is already on
the tack that has State credit and blast
ed American reputation abroad.
The excitement, in relation to the Bankrupt Law is
increasing Movements making in favor of repeal
in all sections of the country resolution 10 before the
Legislature of Indiana to instruct the Senate and House
Of Representatives to vote for repeal of the Law. Ia
the debate upon the subject the following strong Ian
guage was used by member -
''As the law stands it is than nothing II its
provisions ended to Banks and Corporaons-so that
when they suspend specie payments or otherw
verted themselves into engines for swndlng the
munityhe could rejoice to il go into opeI alton
But, while these insnuatons are not embraced in the
compulsory provisions of the Bankrupt Law and are
suffered TO practice the most stupendous fraud upon the
country with impuniy-while their favorites the great
SPECTATORS who have been furnished with the credit
necessary TO enable them to carry their fraudulent
operations by those institutions alone to be benefit.
"a by its operations and by summary process are al
lowed TO absove themselves from all obligations to paw
THEN honest debtshe felt that he could not too strongly
advocate its repeal
Sir the only effects of the law proposed to be repeal
cd LIST. Any scoundrsl who may have been
gagged IN exclusive speculaons, and who has been
hed TO 1--we in spenaor for upon the hard earnings
of the honest working portions OF the community ana
whose debts have multiplied and swollen 70 d
tent as 10 SUI c. hmt urgent and repeated soicauo
paw the demands gsnst him. whicA 80 such a gentle.
man is always en- ntolerable grievance-may volunta
MY so before court and by giving up wha; little he
had qsandered Of the property Of others then in his
hands is all he has aid by this grand oye.
ration pay all his debts once and that without mo-
ney or other valuable consider alton.
As matter of interest TO the holders OF Indiana bonds
annex from the report of Milton s,app late Fund
Commissioner the numbers Of the bonds in dispute.
Those issued to Sherwood -
40 BoSps DUE FROM SueEwoop
Dollar Bosds. Sterling Bonds
Bank loan dollar bohds, numbers from
Internal Improvement dollar bonds, from
4a57. Ass 4a5s, 100, 4l7s-from 4,5Io
- 4547, $40, 80
1850 a,55a, A55a, 1854, 1857, to 1862,
1866 i,se7. a.sss, 4575, 4 SIS, A,57o, 1850,
46s2, s,5ei, 4,597, 4,69s, 1899, 900,
Sterling internal improv ement bonds, NUN.
bers irsm LII TO $780, 30
1901, 10 1906, go, l9il, 1919, l,e?6,
e'l to 1850, 1910, to s7e aooi, 2,ocs,
to 20lj, -
2ols, TO oal. 2O7s, 1850 . IFS, to 1900 %
2,li6to 2,3oo. 3OA 20 300 , COL to 2 dot 81
1855 : o57 , 5ss COS to . Ga. IL
lost To , zoo, sb6 TO 2.s07, 2sos 20
2s26 to 2sSe, ASA, 2s17 rs
Bank loan sterling bonds numbers from ses
Numbers from SO to 900 81
bohds, 4l0
The following are the bond, sold the Circlev,e pant
rs numbered -
Wabash and =. Canal bonds, (Which had been re-
turned in The ace OF Internal Improvement
bonds nv poihecsied, numbers > $50. 2,soh. 4o3
2A2l, . l37 , I3S. , ~, 2.s72. 2I73 2dfa a75
a416 2s77. 2.iss 2,iso, 24so, 2,i9i ) 400, a,i9s,
, lnt, and 2i95 n
Internal lmpsoy euent bonds. numbers a.i29 1875
2,l37, ASs 2,47i, 2.472. 2i7s, 2i7t, 2A75 2,i76,
2I77 24ss J lsa , 400. 2.iql, 4el . 1913 40,
} ia5, 3,l3O, 3432. 5 433, 3A35, 3,l35, 3l37 3sl6
3 sac, ASH and ASIA, %
80
Tho folio wing the bonds retained by Danior,h -
internal Improvement bonds numbers eSs
3Ai9. 3 I2O 1875, $780, 3s0s, 3 $40, ASH,
Ssl2. 3sl5, 3s23, 3s?i, SO, $685. 3s27,
3sys. 3,s29, $3.50, 1891. 3s32, 3,s33, 1884,
1875 1891 sss s3e . $40, 3 sal, $50
3s.l 3 si5, 100. 26I, i,576, i551. S,
Madison Railroad bonds, numbers 49, las, li6,
Ia, las. and 100,
Others numbers not known,
tanai -
Intsrns Improvement bonds, Mes. 3i5 to i,3Sa,
t42i to 4,iio, 4i6l to al, ai7o to 1880, A,5o3,
s 80 TO t,s7i 4Ss3, 70 Ass 1895 to 4 500, s
Madison Railroad bonds. Nos l4I lA2 Iio l64, I6J.
100. l67, 100, 10 Hills. 2i2. 2I3 2Il SOS, 4,9
is. Az, as, al, i!2, ia3, i2,, aao All, 4s5 il6
453 and $50, q
Died
= al 1871 inss N toe