The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-05-01
NJ o N + Y NJ ARK Il II.

FRIDAY, April JD---b i. NJ.
The stock market rather depressed at the opening
this morning, and prices with difficulty sustained
At the first board Hudson Railroad declined !, per cent
Stonington. - Norwich and Wo cester Il; Canton Com
pany j; Harlem, x. We have no new feature in the
speculative movements OF the day to notice. All the
leadng fanees were particularly quiet At the second
board the narke; opened and closed heavy Nicaragua de
cned per cent Norwich and Worcester, Z, Delaware
and Hudson advanced per cent There appears to be no
character in the stock market There consistency
in the movement. Some Of the fancies have become
largely inflated while others have hardly moved upward
at all Erie and Reading Railroads have been controlled
by the most powerful clqucs, and better sustained
than any others
There was active demand for foreign exchange to-
day, and rates steadily working upward Drawers
arc firm at our quotations. The supply Of bills on the
market Is rapidly decreasing and il is the impression in
the street that shipments Of specie will commence again
in few weeks. We quote bills on London at 10 A 1ot
per cent premium Paris, ST 1881 q Sc 17H; Am
sterdam, 40ss 402s Bremen. T7i rs; Hamburg So.
q 20.
The Union Ferry Company FULTON, Atlantic ami Ham
ton avenue ferries to Brooklyn has dccsreda dividend
Of four per cent,
The Bank Of the State Of New York four per cent FOX
the last six months
The Georgia Railroad and Banking Company have de.
clsred dividend Of three and half per cent per share
for the last six months.
The York Manufacturing Company have declared
dividend Of three per cent for the past nine months
payable May 3D. to holders Of stock April 90 Hereafter
III the intention Of the Company pay dividend. Eemi.
annually
The circulation of the Bank OF ST. Mays Georgia the
suspension Of which was noticed during the present week
y about three hundred and fifty thousand dollars The
Columbus Enquirer states that the proprietor Of the bank
III j Ia
It's liabilities lie announces that as hi. schedule
can DO arranged he will offer public vendue all OF his real
estate In Columbus and considerable portion of what
ne owns IN Montgomery, and receive the notes Of the
BANK IN payment This will corer fully third OF more
OF the circulation His -four mills In Columbus and Mont
gomey walso receive the notes in payment of -four and
meal to small purcharcrs. This in connection with the
receipts At his iron works in Montgomery will soon reduce
the circulation to very magnificent amount
Some exc itement created In Wall street tSdsy bv
the announcement that rty suite had been commenced
agaimt the Metropolitan bank for receiving bank bills
ON deposit issued by corporations situated without thi,
state The suits were commenced under the net con-
corning foreign bank notes. passed May 7h 1894 which
reads as follows
Az AcT coscrRSfrG FoHrcs BayK NorE,
from and sfer the passage OF this act It shall be
unlawful FOR incorporated banking institution Within
ms STATE and for any association any individual or
individuals authorized to carry on the business of bank
INC business OF banking passed the 18th day of April
1865, 10 receive, pay out give offer in payment ~
money 10 circulate or attempt TO circulate as money
any BILL note or other evidence Of debt Issued or pur
porting to have been issued by any corporation ss.
citation or individual situatsd residing without this
state, and which bill, note other evidence of debt
shau upon any part thereof prpor 10 be payable or
redeemabe q. any place by any person association
or corporation within this State.
livery corporation and association and indiv
uai authorized to carry the business OF banking who
sha offend against any of the provisions the previous
sections OF this act shn forfeit for ca,h every
inc sum OF one thousand dollars, TO be recovered with
costs OF suit In the md for the any person
VINO snail sue Tor the and prosecute such suit 10
judgment IN any court having eognzance thereof aud
every officer and clerk OF such corporations and sssocl
tons and every such Individual banker and his clerks
and servants who shell knowingly act or assist In anv
violation Of any provision OF this act shall upon eonvic
tion. b. deemed guilty Of misdcmeanor and ekal he
punished by fine or imprisonment or both In tho d,s
crotion Il the court before which 1ch conviction sh.
be had but such line shall not exceed five hundred dol
lars and such imprisonment shM exceed Six month";
This IL certainly clear enough 10 the comprehcnsIon az
almost any one According 10 thi. ho Metropolitan Bank
has iniinged law Of the sae aud there are
in Wsi street who will not let up hair in tho contest
commenced We understand more than two thousand |
instances where the law has been broken can and will
NC brought before the courts The penalty In all those
would amount 70 mere than the entire cgpitoi II TIC
bfLl.