The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-12-18


Reading 4; Morris Canal Canton 81 Farmers Loan II;
IA Trust !; Pennsylvania SIS Il Ohio SIS Il Harlem !.
There symptoms Of another panic in the street. and
some of the operators slightly affected again with
the fever.
At the Second Board Farmers Loan fell off per cent;
Canton II; Norwich and Worcester, q; Reading Rail
road !; Long Island Il and Harlem .. This is mother
panic caused by the warlike Washington
In addition to the complexion Of our advces from the
seat OF government there has been very important TO
voution made in the tactics of extensive ope
rator in Wall street. The largest bull in the street has
become bear!and the rank and file have been thrown
into the greatest confusion and left without leader
Inc banks move very cautiously their operations
There are many dark spots political com
merciai horizon that these institutions be very
reiu how they move they will find themselves in
position from which they will find it difficult to get out
OIL The next sixty or ninety days will be filed with
great events and the banks, well individuals had
better curtail their movements rather than extend
them.
The directors of the Providence and Worcester Rail
road have decided to locate the road through Paw.
tucket The depot in Providence is to be in the cove
Just above the Fish Market, and about fifty feet from
Canal street.
The trustees of the Franklin of Cincinnati have
declared the twelfth dividend of five per cent PAYABLE
to stockholders in this city the Bank of America on
the Goth inst
The Committee Banks in the lower house of the L.
gsature of Tennessee, TO which was referred the re-
commentators of the executive of that State relation
to the Bank of Tennessee has reported in favor of
tnuing the bank and suggest the propety of dsconn
ung all the branches the business of which does
dividend of six per cent upon the capital assigned
them; but recommend that the process OF liquidation of
these branches be gradual shall not Cypress the
debtors Of said branches In relation the mother bank
the committee arrive at the following conclusions
That if there is diminution of the burdens imposed
upon the bank the institution must of necessity become
bankrupt That practical dminution Of its burdens
can enable to answer the purposes of creation
without material changes in its organization g. That IL
is entirely practicable to make such reduction of the
liabilities of the bank and to make such its
organization as will secure its prosperous continuance
The bank chartered at time of great and general
pecuniary embarrassment The object of its creation
was to afford relief to the people, through the means
afforded the people of Tennessee have escaped much OF
the distress which fell disastrously upon States
Within the years of its existence it has paid on
State bonds S79207 to schools and academies
Ss2o 0oO making aggregate of 81 607 pay
ing all the expenses incidental to its operations. This
os cent 1n Ths bs. S 6
upon this institution for State purposes amount 10
s27o per annum being for interest State bonds,
Sl52 oOo and for common schools and academies,
Sis000 This of liabilities over proiits
100000 which clearly demonstrates that unless some
of the imposed the bank by the State are
removed, it must necessarily become bankrupt. Inc
committee recommend that the annual payment 10
schools and academies be annuled that the state can
better dispense with that than allow the interest on the
State bonds to remain unpaid, OF be raised from some
other source The credit Of the State must at all ha
zards be preserved and the bank cannot be renewed
from that burden which the principal cause OF us
creation To enable the bank to meet the interest on the
State bonds promptly is proposed to reduce he spPro
prations to schools and academies to the amount mat
the school funds will produce, which will be about
100000 This will relieve the bank Of about sixty thou
sand dollars will be still left deficiency OF
about $4,000 which will be made up by placing in Ii
udaon those branches netting six cent on their
capital stocks. complete reorganization OF the pank
is recommended Unable it to meet the reduced appro
priatons punctually. . ,..-..
Of coffee Great Britain, for the first SIX months oil
each of the past three years.
IMPORTATION OF COFFEE InTo GHrA a. BRITAIN,
s::s,. ss's s s'ssi:s :':ii;
, 3s;s7s, la ss's 50 s SO 80
II will be easily observed that comparing ls45
with ls4s the present year exhibits great increase Of
imported colonial Coffee and diminuon as to the
foreign In ls43 the importations both from the East
Indies and Ceylon, very ring, and the increase
in the two following years has been in the proper
tom though the produce Of Ceylon in the same period
has been much more important. The expectations OF
soaee from Great Britain for the same period, was as
follows
c9srSs rssr a Tasrn Yr.. E''r SIX
Pounds Pounds. Pounds
fo oSHa .es $3.50 ss17so sssl.s
Total si1 months 80 ' saSis ssits
The additional i'm portatons and expectations OF 10
;gn coffee are entirely confined to the coffee Of Brazil
and the East ndics-chiedy Java The consumption Of
coffee Of all shows great increase in the presen
year being an excess of 2,2a,a32 pounds over that
las, year and more than that Of any former year TIT
consumption has been as follows:
Corr w CONSUMED IN GREAT BRITAIN FOR FIRST 81
MONTHS THE PAsr THREE YEARS 90.
::;: S;sss 3 S;:;S s :;
T Eos, q; q, months ss'ass sss ssoss
The increased quantity attrbutedt June 1874 is to
accounted for on the ground Of the reduction Of dut
which took place foreign coffee from s to pence
The total consumption and expectation Of coffee durn
the six months in tho three years was as follows
iss5 '"' ''' i''''"'' w.
e:..:%ssa s' s5s:s l,;s,s; s 49,
Total. ........... .92i, 7ossai is45s,777 2,s9i.o
Showing much greater increase in the present ye
than in any former time
The great consumption Of the present year has be,
chiefly Of the coffee Of Ceylon, Mocha and Brazil It
imports exports and consumption, when combined te
10 prove that compared with those Of last year, I
quantity hand, after the beginning of the year,
considerably diminished. The following comp arts
renders this apparent
TOTAL importation, lbs .l3,9908 1890, 1924 $3.50,
Total expectation, lbs. 2i,T038 i8453,77 1891,
The annexed table shows the quantity hand on
Ist Of August in each Of the past three years.
isa3. isa4 1874.
Qtiufds. Qtinfdfs, Offiuff