The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1846-12-11


Louisville. a. =. Nov 30 ...s n in rising
Wheeling. Dec r.. .aSH r. nF s,,;Ig
MONEY mARkET.
Thursday, Dec. 1O--6 r. M.
There was slight Improvements to-day in the stock
market. Long Island went up "a; Harlem, X; Norwich
and Worcester, ~; and Canton u; Reading and Penn
syvana SIS closed at yesterdays prices The transac
lions were large.
At the Second Board prices tsll of. Norwich and
Worcester declined IA per cent Harlem, i; Long
Island, Y; with large sales of each description.
Threes of the Naumksag Bank of Salem, Massachu.
ses altered $685. are in circulation Plate Of Terry
Pelton Co., Boston and NEUTRALITY-SUSPICIOUS., view Of
banking house, &c-rght hand end piece Indian snda
fsmals-left hand end piece. vessels. j. G. sprasus,
Cashier; D. Pingree, President.
It reported that the directors of the New York and
Erie Railroad Company, Rave recently made contract
for railroad iron wi company not having SUFFICIENT
capital to furnish the quantity ordered in me to meet
the wants Of the railroad company In order TO
come this difficulty the directors have loaned this con
funds, by way of giving the of fulfilling
its contracts but reservpg the right to take stock in the
company to the amount of the loan, it shall hereafter
be determined 10 do This operation il certainly
egitmste and exhibits speculative spirit, calcua-
eo !" oesuoy Puonc connoonce III .ns "orA ana IN inc
present board of directors If this loan has been made
by the members of the board on their individual &C
count it constitutes them parties in interest to
the contract for finishing the iron. II is this
desire in former boards of directors to specu.
late. and to promote their private or individual
interests that has sadded the people Of this State with
debt of over three millions of dollars This great work
will never be completed, unless can be found to
manage its concerns, who win bring into opsrston their
pest enereieswno va" ank svery consoe .aon OF pri
vate na'nfe any u'ner eA'a su'n - ''oAn0osis VIA
cresse'
It's very extIsoNoansEy ms' 70 mucn MS" az
y expsriencsd 10 QUIZ wor.' o. 'n's1n.i
oetn puonc ana ptiS"e' sno sPpes" " % A"Po.''Dss
to get board o. 'or any nne On w.eny
comp.e'eo' msI - no' oeoome involvea =
n"uouai .s'es' - 'ome 'pes.s-"'e .:ssA.1-'
csicuissed 70 in,ule vsly seriou,y, mo cre0 " 'ne
company, wni n'y .n0uia rns"aV M1~c. mo
preserve every po'.'ois wy. oD.n us
OF me various fsa"eAa' '0nneo1 "n ~. S.v, sA.''
indviduals airec.0Is wno VIZ nv' .p,a.', - ~
STOCK ana p'opsny u ,ne 'A' p''"' ""' A-''
very niue c." s.n.as I-..--..S. v
declared soni annuM dividend Of ak per ctt nsvshs
on demand
The earnings of the Macon and wesern Rsro.a Con,
pany, for the month of November. were a, sunexsd-
Macon AND WESTERN R.u,o.n
FF s.ishfs and man ssis ss e e
- 1900 e,.-e !.
rar.. ....,. ,s.s1o 20
'eou.lue' !" TUG Ne" oieans marker were quife
inactive Holders were not willing to sci. on the terms
..-..-. =, =, : -, - - 'r'
~ VIC mAlAe' gro long treasury notes were
quoted at l4H Is cents Interest notes l5x l6x cents
Eight psr cent bonds 10 10 cents Tan mar cant hona.
% !. ., can't. !, ~. ,.,,., p'' 0e"' 00"''
Tho Message 9th. Governor ofvirrin. to tn. L.ri.
ture sf that STATE Il full of deta;ls IN rs.t;o q, H., h,,
nsncs. banking system and internal Improvements. The
public finances appear to be In very sasactory cond
ton On the 6rst day of October, is4s, the balance in
~. "e., We. ana on inc nr't o. October
this year, 1t was $l74ss. Under 4 rate Of taxation
which n. been annually Ssers.'ins for the last three
yes. s's. osn.ylns IA 'ne eApen.es o. the govern
nsni and other permanent appropriation sA'r. vim >.
The quarterly reports o. the banks Of Virgins. show
condition; but the executive spp.a to B, d,.,i.s.s
;,h IN. .ou,.. ,ona AZ ,h., Nv. ,,-.,.a >;
=. ~. ~. - 1900. 80 -" $3.50 ~ .s...on
issues Of the mother bank. by the br,pchss in rD.cis
and Dice or,s We cannot iorbsar giving an extract
from the Message upon this subject II 10 of much i'm
portance to all connected with the banking institution
ot virginia.
By paying out Therefore IN this city the notss Of de
tan Drancnes e tneir aai pracuce they supply this
;sS Win a. ; ;na snsseacre depre-
ter and make Il an article Of OBSERVATION-DISCLOSURES our
to purchss: it for the adjustment Of their
,;lsnt mall ss c;rcrss;on ~ a ss use me PES
Of the banks Is most assursdly in conaict with ~ tu
intent ana meaning Of their chastes and with
If ths .sme svstsmas am of"r,rsd sra hI; a.. Pr
banks refuse collect for banks in other states other
wise than IN current undsEso that all check: and drafts
~ vh;cS have s,tn3sd This rcSrv cIrIency
to of businsss-n disrsgard Of sound
and healthy bsnkng-inuricus 70 the charsctsr Of cur
dsbt and this policy hss NOT svsn Ia .sr . w. =,
Of necessity True enables the bsnks to increase their
Prons on .ne deain9s ana furnishes an arEu
INT shouiS reerss 10 bsi!svs ~ sncs corsd.no
induce the policy In question. But b the rssssns
wnat they may, the Iscts are incenesstiblc, hat
he ,hprs;n ~, scs";s ~ nr.S IN ssst ~ S.ss
extent exchange ID enhanced and thst the banks