The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-08-19
MONEY MARKET.
Thursday, Aug. IVA

The sales at the Stock Board have very moderate
in amount without much change. Ohio 6s rose II per
cent, H. rlem declined /.
The American Life and Trust Company of Baltimore
John Duer Esq President made assignment all it's
effects, realand personal the 9th umo. Patrick Nc
Cauley, George +. Taman and Anthony Barclay, Esqs
assgnees The list of assets real curiosity 1t fairly
the United States Bank lift does not beat that
national blessing" The worthy President, of course
has 100000. Daniel Webster for slice
usua-SlOo 900 half paid But proceed with the list
the New York office to-day, annexed to this article.
most remarkable fact has been discoveredn relation
to the stock ofhe Bank of kentucky, which places in a
singular light the attempt of the parties repudiate the
contract with Messrs Little Co. We have twice pub
shed copy of the stock of the Kentucky Bank express
ing that sit is deliverable by transfer books of tho
bonk or by attorney" II appears that the reading
ofhe stock has been altered during the past year. The
STOCK certhcates that were outstanding when the
tract made and matured were worded as follows =
THE UNION BANK
ACTING As AGENT FOR THE
BANK OF KENTUCKY, AT LOUISVILLE.
No.
Be Unknown, that
Shares in the Capital Stock OF the Bank Kentucky of
one hundred dollars each transferable the Union Bank
IN the city OIL New YORK, by the said---or .9ffor
ney upon surrender ofths certificate.
Shares,
(Signed) DANL. EBBETs, Cashier
Here it will be observed that the delivery Of the stockis
by surrender Of the certificate w power This the
condition oftransfer at the time Of the of Boor
man, Johnston Co., with Jacob Little Co. matured
The right OF property consisted in the possession of the
certificate, which certificate rendered by Messrs.
Little Co., to make good their contract The
stock refused because transfer could not be
be made the books of the bank The stock purcha
sed on account Of Thomas Smith, Esd, of Newcastle.
Kentucky. That person became director of the bank
May ls4l Wenow find that the certificates issued
his accession to the directory have the words by
der of this certificate" omitted from their These
facts that place the agency Of Messrs Boorman Johnston
xCo in no enviaDle light Those gentlemen, by the di
econ of Mr. Smith, and misled by the advice of counsel
refused to accept legal transfer in expressed
and provided the face of the certificate We should
imagine that on the discovery of the error into which
they have been they would come forward and
the matter right There another singular feature.
They say they took the "advce of counsel" 1t isto be
presumed that advice that of Daniel Lord ESQ., their
retained counsel. If so, that gentleman of the
referees, called to pass judgment upon his
rice.
In relation the stock of the State of Kentucky to
which alluded yesterday, it appears that several
pons have been paid bonds the numbers Of which
lower than those of bonds previously issued The
the suggestion Of r. steay ESQ., of Frankfort nuen
tia citizen of Kentucky; plates engraved, and new
bonds issued on fine Some of these latter bonds are
appears ofower numbers than those of the course Pc
per- This is attempted be accounted for supposng
error OF numbering series often That to say from IL
to 1900 were numbered from 10 to 1900 This is sunise
however but the matter will be cleared up re-
turns be received from Kentucky, The of is
suing the bonds was follows
The legislature of last winter authorised the issue of
scrip of the denominations of So redeenable $1,000
six per cent bonds when the amount Of $1,000 should
presented This scrip issued by the Northern Bank
Of Kentucky, as the agent u NE State bonds being do
posted with the bank, for the redemption of the scrip
These bonds in order to bsr interest only from the
time of their issue in redemption of the scrip, are regu
arly numbered but dated until redeemed in scrip
and hence some discrepancy may be apparent the
bers and amount of interest on the first coupon There
are but 60 coupons upon each bond and as they run
50 years. and dated at the time of ISSUE there are
consequently kol collapses required there being two
fractional onss. the first and last and hence that the
las. fractional coupon written the back of the body
OF the bond by the Secretary of State There have been
some bonds presented at the Bank Of America the nun
bers of which appear rregular this the officers think
entirely attributable to nadvertence and can be easily
rec6ed. All law auhorising the issue of bonds in Ken
lucky limit the commissioners of the sinking fund to the
capacity of the fund to pay the interest And the further
issue will in very short time, cease altogether Perhaps
there is no State in which rigid accountability is
observed in the issue of bonds than Kentucky They
are signed by the Governor countersgned by secre
ary of State placed in the Treasury the requision
the Board of Internal Improvement, and issued thence
on the warrant the Treasurer each department keep
ing check upon the other.
Ajax Of five cents upon the 500 and personal pro
pery is laid for the specfcpurpose OF paying interest
The reefqueson this State has set at rest BY the
results OF the election The at all times been
paid in specie.
The following table shows the whole stock debt of the
State Of Kentucky -
| OF BoNps rur cr.r~ or K.xrrc~x