New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-14
, quotations for specie are

A report was In circulation yesterday In
Wall-st., that the Commercial Bank of Providence
had failed. By dispatch from the cashier to their
agent here We learn that the rumor Is untrue. lie
says: You will please contradict the report THAI
have suspended. This Institution is IN as sound a
condition as any Bank IN New-England. The re-
port, probably from the fact that refuse TO
comply with the exhorbtant demands of the Mer-
chants Bank, who are connected with the Suffolk
Bank system"
The debt of the State of Virginia has
been recently introduced into this MARKET and has
already became popular with investors. At home
the credit of Virginia rated deserves, and the
largest portion OF her puoc stock IS in the hands
her own citizens. Her immense resources her
comparatively limited Debt and the scrupulous
punctuallty with which she has always fulfilled her
engagements are well known. The real and per-
sonal estate Of Virginia. per census of 1850, Is
$685. 100000 On the Both September her public debt
amounted 10 S9,035ls9 TINS stock was held as fol-
lows In Europe. 50 73s, $50 In Virginia, . 65l,-
46 IN other States, S645439.
In recent report TO the General Assembly, the
Auditor estimates the value Of Stocks owned by tue
State at - 06O.565 In other words the State owns
this amount OF interest paying securities The State
has guaranteed the bonds of works of internal im-
movements TO the amount of $9425,7 AS security
Tor this liability, she holds the first ier on all such
works In some instances some OF the works may
fall the state but this system OF guaranteeing the
bonds OF public works is prohibited by the nex
Constitution 4 Sinking Fund i also provided IN
the new Constitution for the hn2l liquidation OF the
debt Of the state. The financial provisions OF tue
Constitution OF Virginia ale no. such to give the
best guarantee possible TO the holders Of her stocks
War may destroy the revenues of the General G0v-
eminent and overload the market with Its bans
but Virginia, With her revenues eRtlrely distlnc,
from those of the General Government, will slll De
able and willing 10 preserve her good name, On the
2gth of March, 1851, The General Assembly Of Vlr-
ginia passed a Law authorizing the Bo ard OF Public
Works TO borrow on her cTedlg 81 000 600, 10 con-
plete her works of internal improve ments, and Coz
pen Bonds, bearing per cent interest. payable IN
Newly ORR, (ai the Merchants Bank on tne hcst Of
January and July and the principal payable In JAY
lss6, were issued and offered 10 the plolIl~ The
Bonds have been issued In denominations OF 500
ard $1,000 $500 coo of these Bonds have been
tasen by the United States Government as an IN
vestEneni for the Indian annuity fund. and 100000
have been taken by capitalists, Savings Banks. In
suIance and Trust Companies.
The recent movement in United States
Bank stock. is as far az We can learn, simply
stock speculation Induced by The low price al Shch
the stock WAS held. Some Of the Phladelphia
brokers wanted low priced stock for football.
TIE Philadelphia North American says
There was no change IN the Money market to-day
II beng settlement DAY with the Banks, their opera
tons have been confined TO a limited business with
regular customers. The feeling daily gains ground
that the market Will soon be much easier We quote
! names al 10 l0i y cent. second class at l2 to
L. T. cent. We understand That the creditors # he
Aai~0.- 81 bIni ~a,,n ,eS-IIiy lsed held meeting
to-day, a. which ali exhibit was nade Which sho ~sd