The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-05-25

MONEY MARKET.
Tuesday. nIny 24-6 p. NJ.


The sales at the stock board have been large and
prices have generally improved although slightly. lnd
ana SIS /; Mohawk II; Harlem t. The principal move.
ment seemed to be in this stock of which large number
of shares have sold Delaware and Hudson declined
J. Sales of bills Philadelphia a par New Orleans
per cent.
A mortgage valued at $4,000, belonging to the Wash.
ingon Bank offered auction to-day by the Comp
roler and bid in by j. Taylor, $4,000 diff
Guilty appesrcdto exist however at the settlement If
the transaction is bona 6de the bills may be worth rs
cents on the dollar.
One of the greatest evils that has been experienced
der the free banking law has been the fact that max
settlements the Of the of the banks have
in all instances been consulted rather than those of the
bill holders When bank fails lis assets should be used
by the receiver only with single eye the prompt and
speedy settlement Of the bills whereas most vexaous
and ruinous delay always case in point is the
affairs Of the North American Trust and Banking Compa
ny. When the present rcceiv appointed the 18th
oNoyember last the outstanding circulation $40 500
and there were supposed be securities enough with the
Comptroller to meet it; but up to this moment settle
ment has taken place. A lapse of six months is surely
time enough to settle claim Of $4,000 with the exercise
OF little common sense. II is the knowledge of these
delays in procuring settlement tha the failure of
bank the bills to fall low in the market throw
ing heavy loss upon the poor bill holder The evil arr
scs III Rc measure from appointing the ocer oil one
bank to the receivership of another.
The small of the United States loan that has
been taken is said to be speculaon the pentiousness
money in England and in the sphere the banks here
inducing the belief that stocks will be soon sought after
for investment and that under such circumstances the
United States loan will obtain the preference This feel.
ing enabled the department to realise about half the
amount, for which government liabilities are disho
nored.
At Detroit large amount Of State scrip has been burnt
as follows =
AMOUNT OF Treasury No1rs Rkissurp ON accousr OF
GENERAL FUND, uSpER Acr or ArRiL IL, 1871.
July to Nov. 80, l8il, inclusive, -. Sl2,2B
Dec. /, Al, to Jan. 81, ~, do 1858
Jan. ~, to April 90, ~, do''''''''' 2o,od3
Amount re-issued prior TO May /, az. $4,000
Amount rcccivedof s.Conant to credit
Amount received Of T w Wells, April
81 May l6.s.''' ''''-''''''''' opO 90
Total amount scrip, burnt. MAY II. 1872 sD,r7
This is about sixth part Of the whole issues.
The following the leading features of the Banh Of
st. Marys, Georgia, institution which is kind Of
drawing port for half dozen brokers who issue their
shinrlas,crs in Florida and elsewhere
BANK or ST. MArYs GEo4 Der. 1870 ,sp ApRu 1872.
Oci. l8s0. .ipIft 1872 Increase. Decrease.
Loans, -. ise''co s @sg ,ooaD "A,l
Sp~ci. &C.,. B,5e5 la.g2a 33,3ii
Calculation S ssa-, i s'sS 'II.pI LIZ
Ofihs SJ6,5s9 OF loans, S5s.T0T Is under protest.
The resn,t which have confidently looked forward
20 has ~ last taken pocewe refer TO the resumption