New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-11-08

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hp,Lhs th.,e 10 a.i ma. u ,aias aai ,hu ms'lai Ia
.,aN, - H,,e N ii,s,.i ,ouup 80 ian1' hu Il u'a".
t.i t.e4s ~, ic've, 'r.p hills r"et iio@I' !"
i.,.sh,u U,vp indsted hruo hhs fion'. iip@'I !"
New,asll. e. an.aisv Naval Atoua taken atbl 10
ts,w ~ ma,A,l nci aoti,e ha ,aes a,p soaiy 10
California thew "a bat iiuo doies
n, svcsi, Of tho sub cnhur' 10 tiaaip Pay
usrts Ei5e jil, balance. toief ass
Tic tsrpr ct tho iat,hn iauk. Of iInaalo. took tho
,lnri ~ sutlsto this morning Mr. faichin was known
e. 10 largely Interested IN the iuilaio ani Now York CITY
Eoad connecting iiufao with the ro Road at IL rnesvie,
hul hs Npuaton for wealth. nnd a. an experienced hnan
chr was such chat few or suspected cmba rasn'nt
in hat quarter II arpearr, however that this road OF
Witch Mr rachn is Precedent, aud was until within
,h,t time In asurr has T. floating debt OF aboui m on
cf dollars incurred in the constructing aud eqip
ping of tho Road This debt was 10 have been provided
for by Second Mortgage and Income Bonds but By rea
son Of the sringcncy OF the money market the negotiation
of thee Bonds has been impossible and necessarily very
large advances some 100000 100000 have been mIle
hy Mr. Patohn and his Bank for the payment Of the CcnPa
nys floating debt This has gone on until Saturday whena
consute,ion of Nr Patchns friends was held at
Iunplo md II was decided that the Road aud the Bank
mrt for the present Of least suspend payment The Road
cost about 100000 and The indebtedness about s50JO
mile There favorable feature in this matter which
t. that the Road is built in the most thorough manner
aburdnnty equipped and earning cent on its entire
cost stock and debt The receipts last month were sDooo
The worst, therefore the creditors suffer is tho fundins
road is link Of paramount importance to the Erie and one
Of the most promising OF the lateral roads connecting New
York with the Yves. Mr. Patchin understand make
an assignment OF his personal property lie has hreto're
bcen estmaitd ut about 100000 The Banks circulation
is lbout sli76OO which is secured as follows:
Bond. and norears 9e9 Cssh on DFo'it'' loSA
state 81 cen..... l2Io Total '........'''''eII''O
Uuit,d e oenis.... 2,gV
The deposits and collections are about s323oOO tho pros
Iecs the payment of which Immediately arc not good
unGss arrangement be made By the road Tor re-
payment to Mr. Pathn of portion of his large ad
yarcs The rosd will OF continue to DO operated
An arrangement has been medo With the Metropolitan
Bank the REDEMPTION Of the notes Of the Bank of Owego
and DO Fears entertained in regard to that institution
The weekly Bank statement which, we annex oIhibt'a as
we had anticipated, considerable increase in specie
strengdh nearly million, while the loans have been 70
duoed tut about $500 Tho depoa have also ncres-e
being s2IC0 larger than last week The figures are
Co,pAs.rvE TABLE Of tn Spsee Cbeet,Os ss4 Ds,n
le BrnI. NSr f9k. Tor ths s ra9 sJysty,
III - and SIugdap 1853 tAet P.arei iae C-p'
tofay CO. bork q ne later dats
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