The New York herald., 1845-11-17

ket yesterday with those at the close Of the pre-
vious week. shows Improvement in Harlem of 2s
cent Canton Is Farmers Loan I; Ohio 6's, d Illinois
6's, ii Pennsyvsna SIS, /; stonngton, 6i Reading, 3;
Morris Canal Z; North American Trust, 8; and decline
in Long Island OF 81 per ct; Norwich Worcester, g.
The bulls do not appear to be able carry more than
two stocks at time and all their
upon they wish to corner and prices advance very
rapidly until those interested get rid Of their supplies
when prices DROP and the is carried out
in some OF the other fances.
Spectators in North American Trust and Banking
Company anticipating another decision from the
Chancellor favorable to the value Of the stock When.
ever holders of this stock wish get up any specuc
ton IN It, they have only to that her deci
sion is expected and quotations advance at once No
tice has been given by the Chancellor that the credit
ors and stockholders of the Company who wish to be
heard in opposition to the claim of Messrs. Palmers,
Nackilloss, Dent Co. and j. HorAley Palmer fur
nish their objections examination will commence
on the 10th of December proximo.
The Governor of Tennessee has sent special mes
sage to the Legislature of that State filled with sugges
tons in relation to the internal improvement and inter-
nal affairs of the State generally and particularly in
laon to the affairs of the Bank Of Tennessee, its
nection with the State debt and general liquidation Of
such branches as found to be Improbable He ad
vses winding up Of those branches Of this institution
which have not, and not likely to- answer the pur
poses for which they chartered
The public debt upon which interest has to be provid
ed by the State amounts to about S3OooOoO and be.
due at different peri ods covering space of thr-
ty years To meet these payments at maturity, ade-
quate provisions have been made. The establishment
sinking fund of $35 900 per is proposed but
the of this depends entirely upon the ability of
the Bank Of Tennessee to provide for the annual pay
ment of the interest on the debt The capital of tho
Bank of Tennessee according to the latest report
the board of directors, amounted to $685. which is
made up follows State bonds for bank capital 81 0oO
0oo school fund.- $s47 $780, surplus revenue, 209
From the report it is ascertaned that darIng
last years the nett profits Of the Bank have
nually $l6s305. By the laws in force the Bank is
required to distribute annually to Common Schools and
Academies $lls 000-ths added to the interest
the internal improvement bonds and the bonds issued
to raise capital for the Bank making, before stated
$780, constitutes the burdens imposed the nstitu
tcn By the existing laws the bank expected and re-
qured pay of her annual profits the sum of s27o
709 when is demonstrated that her annual profits
amount to only The bank has the use of Ss47
3s9 belonging to the School Fund and by It's use makes
clear profit of about $4,000 yet by law she compelled
annually to distribute for the purposes of education
$llsooO about fourteen per cent the amount OF
School Fund in the bank
complete reorganization Of the Bank Of Tennessee
and branches is by the executive that
the various expenditures made by for the may be
ploced beyond a contingency.
II has been estimated that if the assets Of the Bank Of
Tennessee, with the other means of the State were ap
propriated to the liquidation of the public debt the
amount would be sufficient to pay almost every dollar
and such disposal of the of the State re
commended by the last executive. The means Of the
State estimated follows
Means in the Bank of Tennessee after paying
all It's hapilites. 81, S2l 100
stock in Union Bank worth. 362, ,S4s
Stock III fanters' Bank worth. ......... l39 $40
Total means OF the State. SO, ,S23 SOS
Total debt OF the state. ............... 3,370,4l6
46,75s
II this vested in the Bonds of the State at