New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-09
The latest bulletin in regsrd to the Indiana Banks
The laes, bulletin in regard to the Indiana Banks
|. ile frllo wing letter from IDd snspcil.;
IHpflnArrrIs SNart,-s. ~


Dec, S,r. Having during toe lest tee weeks visited
mat Of the prt cipA 20 r. ot this STATE u ssoertsa
the r,siiion of the Free Banss, an sorrS Ia hsve
TO sst. that nearly the whole Of hsn htve suspended
II specie payment and many oil toe seceSsioie ones
II already protected.
\ ok the owners 81 the Free B inks sl,rye number
\ Of whom in this city regret 70 say that somo
entus " ohovn any connection with banks tn's arc
currently reported 20 belong IA them, and a. some u
these banks are incc, sslbe and others have only
nominal place OF business it becomes almost an im-
possibility 10 get TIE no,es protested and ~ !, ven
known rhr the banks have stopped specie payment,
what recourse have the bill holdersi
The ioos ipg banks have b. en- protested to my
tain kpowedge. and Others viii report YOU fast
ss learn the fact. Merchants Baak. Of Lafayette;
wsyne Bank Of LoeansPorti SAFE Stock Of Pean.;
Ekh.rds Co Bank; Bat K of Conceivable. SC.
OF the Stale Stock Bank OF LoysnsFet could ind
no Office, 10 owner any body that know sryshing
aboutit.
Tss cashier Of the Northern Indians Bsni e -.
INT nr,sentstop be very literally oersc nae sfsy
cents on the dollar fer them, which dechntd. =,
(,ftho.e banks situated in the remote s~ampy Dis
riots of the State sush a. the Bsnk OF America, ~
M,rocco the wabash River Bank, az Jasper. &C.,
sm not Vet able TO ssy anything NOBODY, 10 my
kneyledge having yet peneti ated to item: presume
however, tAey hsve stopped pay mers; the Owner OF
one of these residing ia this city, and declining 70 take
I'D his notes. favors this conviction.
The honss Of this city still continue TO redeem. al
though the owner of last night said he to
stop redeeming to brokers. Atpresent know OF only
about tv elvo banks that redeem
The Auditor has declared thai notes protested I'd
packages will not be received him. a. the only Legal
way protest them sDgly, thus rendering useless
the protests on some Of the banks above mentioned,
which demo in packages.
on the Delaware Comfy Rank said to be at Muncic,
can discover no officer nor owner. bsnks OF tnis
class numerous, as are aiso those Ike Wsyoo
Bank which we were recommended to assw-miil to
find, and the Newport Banks, three OF which are IN
the County Clerks Office.
There is now scarcely dellar in the State except
FREE Bank paper AL else being esgery seized 70 70
nit East Yours, 5. q. THOMPSON.
SIR. John Rice has been elected President Of tho
Atlantic Bank of this City, vice Mr.. Isaac Otis, re-
signed. Mr.. J. w. Baker was elected Vise-Prcei-
dent.
Mr.. Patchin, we understand, promises to pay the
Coupons on the Bonds OF the Buffalo and New-fcrk
City Road due in July within the next thirty days.
There is no important change in the Money market,
but any, It is not in greater ease The Banks con-
tnue to contract their loaDs and while this continues
but little relief can be looked for. Exchanges, how
ever are in favor of this City from all the prominent
ponis, and but for the trouble among the Western
Banks, we should expect a let up to some extent
within week or two. The rates for paper are with
out change.
At Boston, the Money market continues easier. At
Baltimore, The Sun says;
"The hopes of some Improvement In money msf-
tiers this week stimulated spectators to make nme
purchases OF stocks to rsther greater extent 81 the
close of last week and that helped the market soue-
wbst The effect Of last weeks strngsncy aud We
heavy pay meBfs Saturday led to the suspension 81
three or four houses in Baltimore some OF which,
however showing ample assets may only need an ak
tension whereby to continue the conduct OF ther bus-
ness."
At Detroit according TO The Journal.
The difficulty of obtaining money has never been
so great az present Banks and brokers have nearly
stopped discounts, and accommodations are not 70
be had at any price, The best securities are mostly
refused and every js content 10 let bis neghbor
take care of himself il possible. Heavy speculations
are consequently out Of the reach OF most deaer9.
and operations have been restricted TO SUCH as WI
bring the quickest return
Tie Chronicle, of Pittsburgh, says:
"The Money market during the last week was
probably more stringent than has been Experiences
in this city for four or i've years The rate for money
row on the street may be set down at month for
strictly No /, and various rates for other grades.
The discount on currency iuctuatee between a az.
Eastern Exchange and par funds are very soarcs:
The report against the Commercial and FsrmerS
Bank at Paduoah, Ky, we have reason to think, Wa
without foundation, and the brokers generally are ra-
ceiving il on deposit
The following semi-annual dividends have been do
clared by the Philadelphia banks. The Bank q
North America and the Pennsy vania Bank divide IN
January and July. Northern Liberties Bank,
cent Philadelphia Bank, 5; Mechanics Bank, o;
Commercial Bank. s. KensiDgton Bank, g. Manufac-
turers and Mechanics Bank, s. Bank Of Commerce,
S; Grard Bank 3; Western Bank, (e1tra5,l TO- Penn
Township Bank, s; Farmers and Mechanics Bank.
S; Trade smen's Bank, 4; Southwark Bank, 5.
The Osrego Palladium says:
1--WE are gratifed TO hear the report that Mr. T.. u.
Merrick whoee recent suspension has been an
bounced has made arrangements 70 resume AGAIN.
We believe il has not been presumed that Mr.. w was
notable to meet all his obligations, with suihsssne
time"
The OHIO banks follow up the attacks upon tne po-
ritien taken by Auditor Dunn Of Indiana. Is C.s-
ei.nati Commercial INDUCES In plsasantr'es on NJ.
Dunn, who may be called I" Anti-Ounn." Ii says;
"IfsnythiDg was needed TO complete the dscreds
and deu olshment Of ell existing concerns orgao'.sc
upder The free banking law and out check upon tne
creation of any new ones Mr. Dunn 8 letter - smpIc
10 meet the demand. We have recently heard greas
4. Al atout ultimate security. What ultimate security
d. Mr. Dunn has defined with great clenness ana oio-
osnoe II means that the circulating notes OF me
stock banks are to be paid some time or other-N
ever
From the annual report Of the President OF the Bal
iimore and Ohio Railroad for the fiscal year ending
Sept, 30 we have the following statement OF recePs
end expenditures
PsysL DC a. per ledger balance 'SSs4sW
EIDer.e. urder ne following seeouns Via
E1pensss Of transportation. ........... ~nzeoo ~
Repairs Of rsilwsy......'''''''''''''' 'ss'.r
Re-