The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1850-02-26


the Lssisstws prefsring independent bank to in
srssspg the banking capital Of the State under the
branch bank ystem The most important features of
this new bank are taken for the most part from the
free banking system of this State.
MERcASrILE BAsK. Feb Is, 1850.
sR-A paragraph in yosr paper OF this date contains
several errors, which viii trouble you to correct
Of Ithaca but simpysthat majority of the stockhod-
ers in that Institution have associated Themselves for
tse purposes Of banking under the nent of the
general banking law, passed April 10. 1919
The trustees Of the late Bank of Ithaca have provd
psrst Ithaca and made dspo.it with this ins,tasion
fer tht redemption at Of one per heretofore
osssh notes as may be presented here appears By
Respectfully. yours,
FIR b DOUGL AS, President
We stated that IL the Mercantile Bank WAS new
Institution the law required deposit of stocks to the
amount Of 500 ooo with the Comptroller, before 1t
could issue bills; and IL 1t continuation of the
Bank of Ithaca 1t bound to redeem the notes Of
the Bank Ithaca at par 1t appears by the above let
ter that IL is new bank entirely distinct from and
Independent of the old Bank Of Ithaca If has not
yet In fact legal existence II had not the Goth
inst according to statement from the Comptrolers
ONCE made required deposit Of securities. On the
10Th inst the Mercantile Bank had deposited but
Gil 600 Of stock of which IS coo in United States
and $4,000 in New York State securities. No notes
had at that time been Issued to the bank.
The annexed statement exhibits the quantity of GER
tain articles exported from this port, for the week
ending February 10th distinguishing the destination
and extent Of shipment to each place -
CsMnIscE or THE PoRr Ngw YoRK-wEEKLY Er-
To Lir1pooi-Flour 500 bills; pork, osl do; potash
90 do rosin $50 do turpentaus $50 do corn, 1o2.
ga bushels; wheat 1882 do; beef 55 terces fax seed
30 do. port wine, 81 casks; tobacco. hhds. manu-
featured do 6416 lbs bacon 204 $50 do lard 2l7 664
m WOO1 log az
90 lard OIL oos5 gallons sperm oil, 372l dol staves
To Londsn-Pork, 100 bbls turpentine 4274 do. 4;
rosin, s31 do rice 50 terces oil peppermint cases.
slaves, Ne. 81 900 tea, 2sl lbs bacon, 122 sos do
cheese 2o6to! DO lard l47ss do. oil cake, 2a2Sa2
To Glasgow Flour, s2l bbl. potash, 100 do rosia
oil 1880 gallons: tobacco manuiac tured 2,i70 lbs
To bsand- Flour os5 bbls tar, 20 DO rosin, $50
To HARE ssh. 103 bushels; pearlash IS do rice
16s tierees; lard, IL 1913 lbs: staves No. 10000.
To Mavseiies. Resin GIL bbls; pepper, 800 bags oil
peppermint, 9 cases logwood lol tons; slaves, No.
70 Bordea.r.-Pork % bbis.; slaves, No. 2! 900:
To spair-Stsves, No. 40 600.
TO Madsira Flour, 400 bbs. corn, 2,s0s bushels !;
70 Esst Isdiss Domestics, 100 pkgs
Ny Grsnass p, l2s hbls beef 81 Do mack So
To Laguaya, Se.-Flour, 1s5 bbls; steel, 20 boxes;
To 81. Deminso-Flour, $50 bbls.; pork $50 do;
bread 20 do rice. 20 do macksrel so dol soap, ole.
boxes; sperm candles, do tobacco, hid; POWDER
3 200 kegs; hams, 2e49 lbs cheese, 205l do sugar
refined. 200 do hsh, % 400 do lard, 26S do pep
per 10 bags; domestics, PACKAGES lead. e76 pigs.
To Spanish Vest Tsdies.-Flour $50 bbls pork, 40
do naval stores as do spirits turpentine 10 do beef
SO do beef IL csc lbs; rice, 14l terces pepper 20
bags; soap coo boxes; nails so kegs whale OIL S23
gsons; hams, $50 lbs; tobacco manufactured, 3027
do cheese. $50 do fish, IL 64S do lard 1074s do
butter, 2455 do; tsllow 3l475 do; salt, so racks;
lumber, &c, COO feet; hoops, No $1,000.
To Densh West Ildies. Flour, $50 bbis.; pork, $3.50
do meal loo do meal 1876 puncheons rice, tierces;
mould candles 400 boxes fsh, 900 lbs; cheese, s79
do lard, 3q66 do; hams 4l69 do; tea, 100 do pep
per, so bags.
To Dutch West Indies-Flour, 500 bills; pork 335 do ;
SOAP 20 bexes; mould candles so do sperm candles
DO; rice, 70 tierces hams 36lA lbs fish, 1881 do ;
lumber, 10 eco feet.
To British Wet Indiss-Flour, 81 bbls.; macterel,
Is do; beef, do; rice, tierces coffee, bags;
mould candles, 500 boxes; sperm candles, do; do
nestics. 2 packages; tobacco, hhds DO, manufac
tured, SIG lbs; cheese, 955 do lard, 364 do FISH,
$50 do butter. All do. sugar, refined, $500 do !;
lumber, IL GEO feet.
So far the commerce Of this port concerned the
exports have, for time past been unusually limit
cd. The movement In breadstuns, compared with last
year. has been exceedingly all while the aggregate
have been large From the present aspect OF
things, should judge that our foreign trade this
frld M oh Hfahl han last