The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1845-09-10
FALL FASHION-IS45-
FOR GENTLE MEN'S HATS
Introduced on the 30th nit, by
$40 Ct m LEARY& CO., Aston House
MONEY MARKET.
Tuesday Sept. 9th-6 p. NJ.


Quotations for many of the fancy stocks advanced to-
day. stonington went up per cent Norwich s Wor-
cester Il Erie Railroad III Reading Railroad j Long
Island /; Ohio IS Il Morris Canal fell off per cents
Canton /; Pennsylvani SIS closed firm at yesterdays
prices The sales Of stonngton and Erie large
The subscriptions to the latter stock rapidly filling
up We ara glad to of our largo capitalists
coming forward and subscribing literally We learn
that Stephen Whitney, ESQ., has put his down for
$50 900.
The advices by the steamship Great Western from
Liverpool not Of much importance in a commercial
point of view They only four days later than those
received by the Caledonia, and report but triang
change in of the principal markets Cotton was
firm at previous quotations. with very moderate sales
Considerable animation prevailed in the Corn market
The weather day two previous to the departure of
the Great Western, had become more favorable and
much better feeling existed among the trade The duty
foreign wheat had been reduced shilling since
tire sailing of the Caledonia
The London money market continued in very easy
state and the rate Of interest steady the previous quo
taons. The improvement in the prospects for good
harvest, had corresponding effect upon the money
market.
About three months since the Bank Of st Clair Mich
gan failed after having scattered its notes all over the
country, and defrauded bill holders to large amount
The bank is now engaged in winding up its affairs and
baggng its profits or in other words realizing from the
securities received in exchange for its worthless notes
Being obliged its State to receive its own bills in
payment of debts due the conccn the managers have
hit upon the plan of transferring the its debtors
to agen in this city and attaching the goods purchased
in this city by merchants who indebted to the bank
in the hope that the fear of being harrassed and having
their credit injured will induce them to submit TO The
fraud and pay up in par funds The goods Of highly
respectable merchant from the West were attached in
this city few days since by agent this bank This
is about the height of bank impudence These swind.
ling carry their fraudulent business for
length of time and the bubble is ripe as soon
they have run the length Of their rope and obaine
circulation as large they possibly can they explode
and hundreds and sometimes thousands find themselves
losers by the bill holders While these con.
expanding rapidly preparatory explosion
they very sensitive and jealous their credit threat
enng determination to every press that dares
question their sovency, and in this way often deceive
and swindle the public There many ba INKS still in
active operation SIMILAR to the Bank of ST. Clair and
will be well if the public refuse take the bills of eyery
bank of suspicious character. By all means avoid
those marked in the bank note tables d. d. as they
may be they are far from being safe Investments
is surprising, after all the efforts made to put people on
their guard against these fraudulent concerns that ma
ny Of them get out such large circulation and sustain
their credit with the bill holders to the last moment
The monthly receipts of the Canada Banks show that
there is very little variation in the aggregate movement
We the report of the Bank of Montreal for March
and August this year compared with the same months
last year.