The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-10-28

vsca Schenectady Raid, = "a III al28 1873 80
auh ssnst Sst es,es sI Rnii1a "a s.
aahgIa s Rochester r. II. e3lalos 1913 alo.
Prices for the good dividend paying State and other
stseks in this market have been very uniform, but
prices for some of the fancy stocks have varied consde
rahly uce our last report The speculatons now going
% in stocks affects the fances than the real as
there is gfcater margin for an Improvement de-
cline in the former than in the latter The advance
quotations. for Indiana S. is beyond comprehensouk
The Improvement within the past two months reaches
five per cent and appears to be permanent very few
sales are made at the advance, and holders firm.
The Auditor General of Pennsy vania, has given
ce that thirty thousand dollars Of the notes issued
by the Banks OF that State under the provisions of the
Act the 4h of May ls4 cancelled by the State
Treasurer the 30h ultmo and destroy by the Au
ditor General the 18th inst. The said notes were
originally issued by the following Banks viz Erie
Bank, s4,7oo Exchange Bank, Pittsburg 5000 Bank
Of Lesistcwn, $1,000 Manufacturers and Mechanics
Bark, Philadelphia 600 Miners Bank Pottsvie 200;
Bank of Penn Township, 1900 Bank of Middletown,
400; Carlisle Bank 1000 Harrisburg Bank l 500 :;
Bank Of Chambersburg, 1900 Farmers Bank, Lancas.
Ter, 300 Northampton Bank, 800 Lancaster Bank
1900; Bank Of Northumberland, 900 Monongahela
Bank. Brownsville, 800 Moyamensing Bank, 700 Far.
mers' Bank of Reading, TOO Lancaster County Bank
700; Towanda Bank. 700 York Bank, 500 Columbia
Bridge and Banking Company, 500 Bank of susque.
hanna County, 400 Bank Of Getty sburg, 500 Lebanon
Bank, 100. Total, $4,000.
The Message of Governor Jones of Tennessee to the
Legislature OF that State upon the Finances Of
the Commonwealth makes very favorable statement.
appears that the total indebtedness Of thatState on the
LIST Instant amounted to s., s7O4l6 Sc, as follows:
PUBLIC DEBT OF TENNESSEE, OCT. /, ls45.
Bonds issued in payment of the State stock
Bonds issued for capital in the Bank Of Ten ''''''
Bonds issued for Internal Improvement purpo
SEES, bearing st per cent. interest. 49,. 263l66
Bonds for Internal Improvement purposes bear.
ling per cent interest .......... 1905 $50
$ss2s4ls
Deduct River Bonds cancelled. 80. Zoo, 600 asa 600
TO al State Indebtedness Oct. !. ls45 S337O4l6
This shows increase in the indebtedness of the State
since October ls4s Of 0oo which has been in the
bonds issued for internal improvements. The total
amount Of subscriptions for works Of internal improve
ment on the part Of the State up to October lss was
sso26l6o Of which, bonds had been issued up to that
time amounting to sl7eo46 leaving an amount Of sub
scription for which bonds had not been issued OF
Sl,26576O or this $o50Ooo for the Cincinnati Louis
vile and Charleston Railroad has been cancelled on
account Of the works being abandoned The debt of the
State in October ls4s and in is45 compare annexed
DEBT OF TENNESSEE.
Oct. Is43. Oct 1886
For stock in the Union Bank ..... 500 600 100 OOo
Bonds for Bank Of Tennessee. 900 600 200
Inurnti improvements, act Of 1870, "a
Internal Improvements act Of 1897
PeIc NJ .l497,25O $50
Total ami Of bonds ed and unpaid 50 80 04l6
The resources Of the State to meet this indebtedness
are confined principally to the investments in the Bank
OF Tennessee, Union Bank and Planters Bank By ap-
plying the assets Of the Bank of Tennessee with the
other means of the State to the liquidation Of the State
debts, almost the entire amount might be paid
REsoURcEs STATE
Means in the Bank of Tennessee after paying
an ~; ,' sb 1sa $2,s2l, 100
we. worn \, i. p;. S62s4s
worth. ''..'......,... Iss,s20
Total means OF the state Oct. 1915. So, 323 65s
Totsi muepteohess oil the STATE Oct ls45. 3,370,4l6
Excess OF liabilities over assets. ..... $46,75s
This basnce would exist against the State il its means
invested in the bonds their nominal or par value
but II bonds we're purchased at their market value
the of the state would be more than sufficient
TO meet it's entire indebtedness.
The State 10 liable for $l79l7s annual iptersst NJ
which $4,000 the bonds issued 10 the JTnon
Bank $4,000 bonds issued to the Bank Of Tennessee
and S9 7s bonds issued under internal
act; but II is paid by the banks, as follows, vix:--T