The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-12-31

No one will be astonished, after examining this
hibt that these banks should suspend they will with
out doubt, the contrary wonder how they were able
to stand long Seuen hundred dollars In specie will
not go far towards redeeming five hundred thousand
dollars o. bank bills.
These suspensions just what the proprhetors OF
these shinpaster banks want. They can now buy up
their bills for thirty forty and fifty cents the dollar
and when they got in part the whole OF the issue
go to the Comptroller take up their make
q handsome sum by the operation. The Atlas Bank,
for instance has circulation Of SITS 205 these bills
oan DO bought at fifty per cent requiring only $50
to purchase the whole issue which, upon to
the Comptroller he delivers up the securities the
fnanciers make Ss9,l03-a very neat sum to swindle
out Of the laboring classes.
There u number of other banks in this Stats in
a similar condition to those named above, and 1t would
be we'll for the public to be on their guard Many
banks have been forcing out their bills in every way
during the present pressure in the money market and
they have got their circulation to high point Many
of them are just upon explosion point. The owners
of these banks have everything to gain by snspsdng
and nothing to ose and the character these imam
oiers such induces believe that they will not
let such opportunity pass They will take advantage
of the present panic to let their banks explode. The
panic has not yet reached its height tomorrow will be
another exciting day in Wall street.
The TradesmenB Bank has declared semtannuai
dividend Of five per cent, payable January 5th.
The Bank Of America has declared dividend of three
and half per cent, payable the 9th Of January.
The Newark Banking and Insurance Company have
declared dividend of three and half per cent, paya
able on and after the Sd Of January next
The Morris and Essex! RAILROAD Company have deolar
cd dividend of three and half per cent payable OF
and after Sd of January at the Newark Banking and In
surance Co.
Funds for the semi-annual payment Of two Per cen,
interest on the State bonds of Indiana have been pro.
vided and the payments will be made Mon day at tho
office Of the agents, Winslow * Perkins, Wall street
The amount necessary fer this payment borrowed
of the State Bank Of Indians In anticipation of the COL
lection Of The Of the State s not gene.
rally made available to the treasury until Mar CHI in each
year For the year ending Nov ls s47 the tolls re-
ceived the canal amounted to Sl2bos2 IL being an
increase Of s2O25 those for the pre- cedng
The receipts for land sold by the trustee amount to
upwards Of $eooso, Of which $2s76 applicable to
canal obligations The first nstalmsnt CT interest on
the canal per cent loan certificates is hand and will
be paid the lat proximo, when 1t falls ue
The quantity of merchandise transported over the
Boston and Worcester Railroad during the year ending
the 30th Of November last amounted to 2s4 900 tons
which exceeds average of 900 tons day The
money paid for the transportation Of this
to the three railroads which form til lines term-
mating in Boston, 1867 O0O One half the amount
transported distance Of 200 mile and the average
cost Of the whole transportation about 50 40 ton
The following table will show the circulation specie
hand and deposits in this New Hsmpshire banks on
tho frat Mondav in December