Plymouth advertiser. [volume] (Plymouth, Ohio) 1853-1988, 1854-11-17
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Bank Of CT, have been discreditei.
The UTbana aud Champagne County
Insurance Co, at Urbana, closed on Fn-
day.
Gold is selling here at FIVE per cent.
premium. The notes Of the Bank Of Ka-
nawha sold to-day at % per cent discount
Bank Of Circleville at so; Kentucky
Trust Co. at 20. and Newport Safety
Fund at 80. There few sellers Of Circle
vile, however. There is good deal Of
confidence in the Bank. The notes of the
Clinton Bank of Columbus were again re-
fused, to-day. Indiana Stock notes are
selling at % to soc discount, but a list of
% of them will be better in few days.
The notes of the Clinton Bank of Co
lumbus, will be taken hereafter by the
Trust Company.
7hOmpsOn's Reporter says-The Wood
bury Bank, Come .ticut, was thrown out
by the New York Banks cd Thursday.
The house of Z. S. Marsh, of Buffalo,
reported suspended, is still paying large
amount of acceptances, on property which
has come forward, and all bona tide credit
ors will be fully paid, Over $4,000
worth of paper was paid on presentation
on Saturday, and $4,000 to-day.
The Farmers Joint Stock Bank is not
redeemed at its agency here, and Bank
shut, Tuesday. There was much excite
mcnt, but the impression was that the
notes would be redeemed fully.
Merchants and Mechanics Bank of Chi
cago, is closed. The Napierville Bank
and Bank of Elgin are refused in that city.
The City Bank of Chicago closed New,
II. The private banking house of Geo.
Milne g. Co., Cincinnati, stopped pay
ment; Tuesday. Merchants Bank of La
Fayette, Indiana, Trans Allegheny Bank,
Va, and the Farmers Bank, Half-Moon,
n. Y, all broke. The Dayton papers
contradict the report that the Miami Bank
of Dayton, has failed.
The Mechanics and Traders Bank of
Cincinnati failed, "Wednesday morning.
1t being a branch of the State Bank, the
notes will not be sacrificed.
A crowd of persons incensed by the
failure of the Champaign Insurance Co.,
mobbed the house Of the President, Mr.
John II. James, in Urbana, on Tuesday
night. Mr.. j. was largely concerned in
the Merchants and Traders Bank, Gin
cinnati. From the Sandusky Register of.
Thursday, we clip the following:
CINcINNATI, Nov. II.
The closing of the Meachants' & Ira
dcrs' Bank has increased the excitement
already prevailing, and financial matters
are now worse than ever. Confidence is
decidedly weak but we are happy to state
we have no mercantile failures to report.
Gold is 8 per cent premium, and there
is large amount of mcn;y firing out
side, in small parcels, by those who are
afraid to hold it. More relief is experien-
ced i'll this way, than when the funds are in
the hands of the brokers.
The principal banking houses having
failed, we are now near the end of our diff
ficulties. 1t is hoped the three heavy bank
ers that remain, are above suspicion, and
these, with the Trust Co., are receiving all
the business, and the deposites are very
heavy. All that is required to make mon
ey easier is confidence.
In the general markets, very little busi-
ness is being transacted.
The notes of the Mechanics and Ira
ders' Bank are received on deposit, the
other branches of the State Bank being
bound for their redemption.
On Tuesday, the Sheriff Of Cuyahoga
Co., forced the vault of the Canal Bank
Of Cleveland, to secure the special deposits.
DR.. H. A. Ackley, one of the Trustees of
the Lunatic Asylum at Newburgh, placed
in the Canal Bank some $4,000 of the
State Funds, as a special deposit, to be
checked out as the wants Of the institu-
ton might require. When the Bank
failed, he called to remove the moneys, but
was told by the Cashier that the amount
was included in the general assignment.
The upshot of the matter was, an attach
ment was issued, and, upon the Banks s
refusing to deliver up the deposits, the
vault was forced, and contents taken pos
session Of by the Sheriff. A compromise
was effected, Afterwards Bank pro-
testing against the whole proceedings.
The Free Banks of Indiana are rapidly
redeeming their circulation. From Mon
day morning to Wednesday night, last,
$4,000 of their notes were returned to
the Auditors ONCE anu cancelleu--tllc
parties receiving back an equal amount of
the Stock Securities The circulation is
now reduced to $5,000,000 and is being
redeemed at the rate of $4,000 every
day.
~A SAD SIGHr.-A London paper
states that since the battle of Alma, the
different military depots of London, in
Pail Mall, Charing Cross, Picadilly and
knightsbridge have been thronged with
old mon ,ronnn op1 ob+ 1.-Two, cooly; n n.