The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-04-22


old system Of condemnation. When new bank starts
in any part OF New England and has moral courage
enough to have nothing to do with the Suffolk Bank it is
OF announced that the notes Of the bank not
received at the Suffolk and straghway they not
rent. Now have yet to understand what the Suffolk
Bank has to do with the sovency of any bank and what
virtue there is in the Suffolk Bank redeemag the crculat
ing The Bank of Castleton Vermont is the lst
repudiated but its bills secured by State stocks it
makes little difference to the bilholders whether
the Suffolk Bank takes them not. We consider the
Bank of Castlcton notes safer than onehalf of tbs
bills of banks which still in good credit at tie
Suffolk 1t is the easiest thing in the world to keep
in favor with that bank deposit of two three thou
sand dollars is sufficient to up the insolvency
Of country bank and the managers Of most of the
banking institutions of New England shrewd enough
toknow that it is the cheapest way TO good credit
1t is probable that the free banks going into operation in
Vermont and Connecticut will not submit to the extor
lions of the Suffolk Bank but will depend upon the abso
lutte security Of their issues for obtaining all the circu
ton they desire The notes of the Bank of Casteton,
Vermont, and Of any other free bank in New England,
will be redeemed in Wall street at the usual discount
whether the Suffolk Bank takes them or not.
The following card has been issued by Mr. Barnum in
regard TO the reports affecting the credit and standing of
the Pequonnock Eank
AMERICAN MusacM Broadway
Having seen slip rurrorting to from the Office
OF .onn Thompson, Well street stating that the notes
of thePequonnock Bank, Bridgeport CT, OF which
President, not received that Office and intended
to cast cscredt upon the notes of said bank although
have interest in the bank except stockholer,
eeby ubcly pledge my entire private fortune for tile
SPACE d twelve months from this date for the full pay
Of the notes end deposits Of Bank No
bank in the Union Is conducted strict business
principles than the Iequonnoch It's board of dire ito s.
the head Of whom is the Mayor Of tho city, includ5
gentlemen OF the FIRST standing in the State OF Come M
cut The stock is owned By several hundred sharehold
ers, ard stands fourteen per cent above par The
nual dividends eight per cent with large surplus
Under its charter director be borrower for
than 81, GEO. and other individual firm for more
than $4,000. Its notes have never been dscreded by
the Suffolk Bank Of Boston, the Metropolitan Ba nix Of
New York any Of the brokers in Wall street except
John Thompson In fDe the author Of this attack will
April 81 1854. p. 7. BARNUM.
The receipts at the Office OF the Assistant Treasurer of
the port Of New York this day April 81 were sl o25
A. the payments amounted to s22 $50 e3-leaving bal
ance ON hand of $500, 203 IS.
Tie warrants entered the books Of the Treasury De-
partment, Washington, the 10th inst, were -
For the redemption of stock ..........s sci 44S So
For paying other Treasury debts ........ 1888 25
For the covering into the Treasury from lands se72o Al
For covering into the Treasury from customs. 500 20
For the War department. .............1 o4 sis 90
For the Interior department ............. S. 100 IS
For reraying in the Interior Department. 40 36 81
The Mechanics Bank OF Augusta has declared diyi-
dend Of ten per cent from its profits for the last six
mCntnsJ lufAher ulNldcNl, out OF It's surplus
profits of twenty per cent payable in July Tho Bruins
wick Bank Of Augusta has declared dividend OF Eve
per cent for the past six months.
At an adjourned meeting Of the directors Of the Bai
more and Ohio Railroad, held on the 10th instant,
report was received from the Committee of Finance, to
whom sundry memorials from stockholders had been
referred accompanied BY several resolutions tho sub
stance OF which, learn, to the following import
Tlatit is the FOLEY Of the company to declare cash