The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-11-28
FINANCIAL AND CONNER IAL.


SUNDAY, Nov. 26--6 ?, ~
During the past week Wall street has been considerably
ssitated by the reported extensive dsacaons or def
csncss in the finances of Of the leading Wall street
banks Son OF the institutions implicated have been
discreet enough acknowledge thu truth OF these reports
by remaining quiet while others have very reluctantly
and very partially contradicted the statements made
The sosk market has bee in way affected by the pub
city given 10 the facts and know of reason why II
should have besn The demand for, supply u money
has not been influenced or the movements OF the oanAs
themselves in any way changed. The buus aud pears
have pursued their operations regardless OF the truth OK
fasity Of the reports and the probability is that the
banks will manage to up the losses and pay CIV
dends usual 1t TO u.s. however that It would %
satisfactory to parties most deeply interested ~
stockholders in these institutions, if the presidents or
cashiers would give them the particulars OF the oper soas
we alluded to- Does the president cashier of bank
in this city anything abou loan made for very
large amount for the security of which stocks for
much larger sum- Hypothetical having been paid oy
check another bank which was net good at the tme
and has not made good since? will they ex-
plan hoy the note securities and al given up for
check which uncerded, and has since proved to be
worth no more than much brown paper. Did not
another bank in this city lose large amount BY the
recent failure OF country balk which had for sons
time acted as agent and permitted to retain md
of receiving commission In answering these questions
/. would be well enough to state thAt 10 neither case is
here slightest probability Of cent being paid
on the claims The amount involved in these operations
is upwards of hundred thousand dollars We have facts
and figures to all up any blanks the banks alluded TO
may leave In their explanations When these questions
are satisfactorily answered, we shall present few more
for the Consideration Of the monied aistocracy OF hs
granite palaces Of Wall street.
In correction with these remarks, give from the
Boston Transcript OF the 23d instant, account OF an
unsuccessful attempt to obtain money from bank OF
that city, and the admissions OF organ Of the banks OF
this city relative the opera tons of the individual nam
ed in Wall street =:
On the 2lst instant person called at the Shawmut
Bank in this city, and represented himself 10 be Mr. c.
L. North Presideal the Merlden (Ct) Manufacturing
saht draft on New York for $40 0OO stating that he
should wish 10 draw Tor portion OF the sum- Inc
deposit rather reluctantly received and the drat
forwarded to tie BaI of Commerce, In New York. for
collection On the 18th, the ShawmHt Bank received
draft from Mr. North $1,000, which not accepted
INQUIRY made by telegraph the original draft
had paid in New York, to which the reply was re
ceived that the usual three days demanded by
this party secona draft for 1000 was received
By the shawmut Bank, bat not accepted News was
next received that the $4,000 Il aft was not paid
draft by the same party for the same amonnt on pr
watts house, also received 10 Boston, and protested
SO that it the ingenious device to obtain moasy
unsuccessful
The Con.asrcia Advertiser of this city of Saturday the
Goth inst, says:-
There is no doubt that it was Mr.. North himself who
had previously boen successful in PLAYING the same
game OF che banks OF this city and Pennsy
Previous TO this Mr. North had borne good character
He lived al geriden in hne style and IN beautiful house
On one side Of his dwelling his banking on the
other his in Office and he did quite Large bust
ness IL both. The amount he obtained from the several
banks varied from SIS 600 to $40 000 the security of
paper deposited which supposed to be good, but
proved 20 be otherwise In this city he introduced
to the banks BY gentlemen Of high responsibility of
whom knew that he calling more than one bank
for aid He las been arrested at heriden and held to BAN
for large amcnnt. Hopes expressed that portion
Of the sums advanced by the banks will be recoyered
TIE operations Of the above named individual with the
banks Of this city much greater extent than that
admitted has been kept profound secret until his deal
pzs elsewhere brought his movements to light. How
much cid certain banks in this city lose by the financial
operations certain ndivdusl whose abrupt departure
for Europe weeks since created such sensation in
Wall street!
The annexed statement exhibits the amount Of specie
shipped ON this port last week, and its destination:
SHIPMENTS OF SrtcE FROM PORT Nav YORK..
Brig Flyrg Cloud Bolivia City American gold $40 900 %
Brig Elizabeth, Para, American gold. .... $4,000 90
Steamer Pacific, Liverpool, American gold 2lo ooo 90
. Mex dos.... 1000 90
Am halves. $4,000 90
81 So7ereigns 900, 400 90
Total Nov 10 to hov. o3................ 6se 400 90
rota, for 1885. s22 eae, 5s7 80
Total ian TO Dec l, 1s62....... s.s9l $3.50 90
Exeass in 1852 over 1853. ........... sae6,4l2 IL
In closing up the specie exports for the month. We