The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-05-26

We shall add 20 this list, from time to time,
anies formed, old companies appear in the
ket and I'll the blanks with quotations whenever
actual transaction Axes price.
Rhode Island has at present less thas seventy one
banking institutions with aggregate capital of four
millions Of dollars. or these, twenty six 10.
ated in Providence. with capital Of $40 419 900,
average Of about $500 600 each. Not satisfied with
these, banks have been incorporated at the
late session of the Legislature viz The Continental
Bank, Watcher Bank Peoples Bank, Atlantic Bank,
Peacedale Bank, Butshers and Drovers Bank and the
Grocers' and Producers Bank.
The Auditor Of the State Of Indiana gives the annexed
construction to the General Free Banking Law of that
State
'No bank can be organized with less capital than
Will be required to deposit with the Auditor at least fifty
thousand dollars previous to receiving any notes for cir
culation
1.-The association may appoint such officers and agents
their business may require but the name Of cashier
must be attached to all bills and intended to circu
Stockholders not required to Le citizens Of the
State.
THE stocks deposited with the Auditor must be regu:
larry transferred and issued to the Auditor Of State Of
the State of Indiana, in trust for the Bank Of -.
1.-THE Indiana stocks chargeabe upon the Canal not
Where bank increases its capital It will be required
to make certificate and record OF the same in like
as in its original organization.
The constitution Of Indiana in relation to the debt Of
the State, provides that -
1.-THE state shall be stockholder any bank. after
the expiration Of the present bank charter shall the
credit Of the State be given loaned in aid OF any
person. association corporation shall the State
heresfter become stakeholder in any corporation
sociation.n
Except with the profoundly ignorant or prejudiced
Indiana free bank notes must be considered safe
reBcy.
The London Mining Journal of the 7th nst gives the
following information relative to the movements in geld
mining stocks
With one or two exceptions there has been no specia
demand in the market for gold mining shares during the
week; but although business has been generally stag
Executions above referred to are the Asaa Fra and the
Great Nugget ven both of which have realized advanced
prices Each Of these stocks however has since expo
rienced reaction. On the WHOLE the Californian des
cIipons are most generally supported. Advices from
the various psnes, colonial and Californian Of
disposition to deal extensively. On Monday but little
business done On Tuesday though Aqua Fra opened
we'll, they receded considerably Great Nugget Vein
Monde, Port Philip, Quartz Rock and West Maiposs,
steady, and Australian Freehold somewhat better.
On Wednesday there but little to notice. except that
Monarch shares in demand, having been done at
par On Thursday the characteristic of the market was
Nomination. and it may be said to have closed last
Australia this week Of gold have BEEN the Admiral % 600
oas; the Hero 1924 ozs and the Kate, with .s77
valued At about ESQ 600 The Statesman, likewise
has brought S39 from Geeong valued at f42
the other shipments she has board to the
time had not been published The quotation OF gold in
Melbourne f3 12s. 3d. per In Jamaica, there ap
peared to be reliance in the discoveries of gold there
though several companies In Of formation
for the purpose of developing the copper lodes known TO
exist in the island. The transactions the stock ex
change will be found In the usual place The non off,
cia quotations New South Wales gold 70 per
share; Australian Gold Mining and Steamng. e to 4
prem Brucutu Gold, par Feather River Land and Gold;
par TO prem. Britannia Cod y p per share
Monarch, par 70 \ prem L'Aige d'or, y dis to =
prem. Garnett and Moseey X to * prem Australian
Mutual dis to par: Australian Consols u dis to par;
Chartered Australian Land and Mining Company. u to
per share; Albion Gold. 4 dis TO prem. Peel River,
az to AZ prem; Adelaide Land and Cold to Y dis
Lewis Hill Range, " to y dis; Melbourne Gold, 10
per share; Golden Mountain, to per share British
and Colonial Smelling Reduction Company, Il to Il
prem; Chalanches Silver, par to y prem.
The Gaena Je61sonian says =" The deposits Of zinc
ore-the sciate and suphuret Of zirc-whch so
sbuDdant in the adjoining State Of Wisconsin, and within
easy and convenient distance Of Gaena, viii undoub
eddy become the numerous railroads projected
in this quarter completed, Of great wealth
TO the country Thousands and Thousands OF tons OF
ore, which In England highly valued are now lying
the surface Of the ground in many portions OF the
mines hndrsnce TO the miner and post to the owner
Of the soil. An soon a. this ore and the coal OF the
great Illinois coal fields brought together, the bust
of the reduction Of the former TO valuable min
eral- valuable in any market-wil commence For moro
reasons than one this result ID much to be desired.
Zinc In daily and used In the arts and ninety
nas hund, sd.h. Of al ow consumed in the country "a
J imported"