The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-11-02
Bo6roN RANKa,

Bosrox BAxKs.
c,,,., a.. 9 &, % Sso a., o @, 80 ~. m on
Loans and disc'ts.. 5on7eoo 5ose7 242 1852
Specie. 3,3l2,s55 3so9,2s9 Incs. s6,734
Due Due o oss1 s.S S:
Deposits 10000. 14,o52s23 l4245,4S7 Incr. 564
Circulation..... s,713,7sl s,5es,134 Dec..l46,c&7
The increase of capital is made up a. follows-EOt
soo5o Maverick 05o National eoo and Broadway
Bank $500.
We learn from the Ohio State Journal that Saturday
Judge Mclean gave decision in the bank tax cases.
Several Of the banks had procured nunctions against
the county treasurers restraining them from proceeding
to collect the taxes levied by the tax laws Of 1851 and
1882 1t moved to dissolve these nunctions in the
against the Cuyahoga treasurer and after cons
deration Judge Mclean overuled the notion and made
the njuncons perpetual He decides that the tar laws
Of 1851 and 1852 are unconstitutional and void.
The trade in dry goods during the past week has been
quite limited and at prices showing but very little stead
Though the receipts Of goods have materially de-
creased and the stocks hand have been greatly reduced
owners have evnced anxiety to realize and this dis
position has induced great display Of caution by pur
chasers who buy only small quantities, needed,
and these but when they be procured easy terms
Such the leading features Of the business Brown
sheetngs and shirngs in moderate request chiefly
for home use, and at old rates There has been fair
business done in desirable styles Of bleached sheengs
and shirngs, at former figures. good inquiry has
listed for cotton nannes of the better class at steady
prices. DENNIS pentier but likewise saleabl
and firm. Drills and duck continue in pretty brisk de-
mand and steady. Ginghams evince moderate de-
gree Of animation at last weeks quotations Lawns and
nankins are stn unasred. Printing cloths are less
eagerly pressed upon the market at former figures but
not very active Prints selling rather slowly at Ian
guild rates. Osnaburgs remain last noticed Stripes and
ticks quite inanimate and n6rm In price Woollen
productions are still in limited demand, and gene.
rally depressed in value There is disposition to pur
chase freely Of any article notwithstanding tina empta
ton Of extremely low prices which is most generally
held out to buyers factors DESTROYS Of clearing out
their stores The largest and best kind Of blankets
adapted to family wear, in moderate request at
changed figures Fancy cassimeres in fair demand
and Arm. Cloths rule duh and heavy. Doeskins are
unaltered. Fannes sought after, but at stl
easier prices Jeans likewise in rather better
quest but are not dearer. Linseys are plenty and
heavy. Nousn de LANES beginning to attract less
attention, but remain quite firm. Satinets continue
quiet and anguid There is fair business being trans
acted in shawls which command full rates. Tweeds
are inactive and declining.
The superintendent Of the Banking Department Of this
State has given rather lengthy explanation Of the
pursued relative to the issues and securities Of
the purpose Of placing all the details before the public
and for the purpose of dealing out equal justice to all
the gentleman had told this story in fewer words it
would have been much more to the point.
BANK DEPARTMENT, ALBANY, Oct. 80, 1854.
To THE EDITOR THE NEW YORK HERALD:-
Ny attention has been called to the following article
that appeared in the money article in your paper
Saturday last
The @ snas
any length Of time II appears that on the 10th inst 10
s s as
norgsges and stocks and the 18Th when amonns q
refused 70 surrender but bond. and mortgages.
ss him
ally into the manner which ts AFFAIR. manased We
are treated with good dsafof conderston and ssii
@ : for e 70 IN ; 4
time without any regard to the interest Of any one
place Y: samin:tg..iOn q public affairs particularly
sns should consider IT necessary to pub
sh article entirely destitute Of TRUTH to crafty
accommodate any person, and particularly Is cal
culaed to mslead the public in relation to my official
ton in regard to the Eighth Avenue Bank propose,
therefore, to make as brief statement possble and
think it will show, IL not to your satisfaction to the
satisfaction Of the public, that the allegations contained
in the article referred to are without even shadow Of
The arst allegation is that q promised on the 10th
inst surrender securities held in trust for the notes
Of the Il shth Avenue Bank" -
On that day received per express, without previous
notice or two
500 co., and also two letters from Charles Sanford,
cashier the Eighth Avenue Bank Of which the follow
80 EronrH AVENUE BAsx, "a
EIGHTH A'1sSs corner :, Thirty a.. street
ST Jony ESQ Hank Dsp.s.msH,s s .,
sss H n.sI IsssS
toyou and oSiise yours fssPsssaaSIy rropn c,.,.,
Hon. p D. ST. Jonsrlsa.e send the ssost viz
EIGHTH AvESuE, corner W Imfsy thru street
D. b. sr yonr, Esq, superintendent bank Department
DEAR s,a-plssss deliver 70 Nsss.s Carpenter yerni
cents. 1856 thousand dollar: Of United State.
ss % II &. S ssaa: s.n held d9 ss %
s. Of hiz W siyfT y. and
Please forward the above mentioned certificates Of
cAEPENIER 1 yERNILyE, per 9. ". xAtvstI.
ceived that the bank desired to return its crcalaon
and take up the securities deposited and held in trust
for the redemption Of the circulating notes issued to it.
On the day returned the following to Mr.
BAsx DrrAnrxEsr, ALBANY, October 10, 1854.
CHARLHs SANFORD, ESQ., Cashier
res e
s1sy. now ssiS TsS
ssS ysiss think Vim
has hay o.
redeem its presentation. could not Therefore
allow you withdraw stocks that worth and that
mand, premium thereby allowing portion OF the bills
belonging to the bank itself TO be paid at at the
time surrender to IL the premium the stocks and
allow other bill holders TO rely bonds and MORTGAGES
for the redemption Of their notes Another that
the held in trust amount to S52 Just
required by law This amount could not legally
properly be reduced without giving notice Of the nten
ton Of closing bank aitogether aud
that should require to take up the bonds and
as large q proportion Of stock is held, that
the value Of the Securities should not be impaired dmn
ished The Of the past is that bonds and mort
will not bring their value on sale and u-dsr
such circumstances clearly Of the opinion that aid
not be justified giving up
par and retain bonds and mortyasc without satisfactory