New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-18

Twelve months. Us bT iA5,sBz 1880 PACKAGES
The Exchanges at the Clearing House were
els, 900.
We stated few days since, in justice to Mr. Au.
dAor Dunn, of Indiana, that in letter to The LOUIS
vIie Journal he denied by implication that he had
SLOWED any January coupons to be cut from the Sc
surities dep osited in his Office. We have gen.
aeman to-day, direct from Indianapolis, who informed
ma that to him Mr. Dunn admitted that he had au-
borized such coupons to be cut off, thus esseng the
securities held in trust for the public at the very crisis
when they should have been increased. He also ex-
pressed his regret for having done So
In such tunes as these no ne is good news, and
o. far az we can learn, financial troubles at
the West South have occurred. In this City small
failure, take place daily but hear ofno house ofany
importance. Messrs. Seldon, Withers & Co., it is
understood, 20 on. From Chicago, we hear that the
run on Messrs George Smith g. Co., which was never
equal to the reports had almost subsidized, and their
deposits were larger than before it began. The
Chicago Tribune says, that the City Bank Aessrs.
Bradley Curis & CO.. expect to be able to resume
business In few days, and that they state their full
ability to pay everything. The Union Bank has pub
Ished card to the same effect The Tribune states
that the excitement had almost entirely sbated. A
dispatch from Chicago says:
"CHicAeo, Thursday, Nov. l6, 1884.
"One hundred and sixteen principal firms advertise
tsday 20 take the notes of all Illinois stock secured
banks. No run on any bank yesterday and the panic
has subsidized"
At Cincinnati the notes Of the Mechanics and
Traders Branch Bank still taken by the Life and
Trust Co, and it is supposed that bilholders will
lose nothing. The State Bank of Ohio will net. &C
ssording to the opinion of Ohio bankers, be injured
or dscrediteo by the suspension of this Branch. The
-
NE announcement to them of the mpossibity ofseing
IN the South very large amount Of time-bils on New
Orleans, which they had sent thither and drawn
against at sight
TAe 81. Loais Republican says:
"In the present state of monetary affairs in the
western, and We might add the eastern country St.
Louis occupies enviable position. The financial
whrlwind that is devastating Cincinnati, has not
shaken the commercial foundations OF this city. Firm
IN the integrity Of merchants and the safely of
ear financial arrangements, have nothing TO fear
The intimate business relations OF Ohio with this
City are such, that whatever affects the financial con-
didon Of the former must to the latter be matter Of
deep solcitude. There four classes Of Banks in
Ohio: Frst-The Independent Banks, eleven In
number. Secendly-rhe Free Banks, thirteen in
number. These classes are substantially the same,
except that in case Of Independent Bank the CAPT.
al actually paid up, exclusive Of bonds deposited for
circulation, must be at least ESQ 900 in each case
While Free Banks arc only required to have 81, 900
paid in In the former stockholders are not ndivid
pally liable, while in the latter they are by law made
Co. The notes Of these Banks are all registered in
the Office Of the Auditor of State, and secured in
every case by deposits Of State stock Of the State Of
Ohio, and Of the United States in no case above par.
Ne other stocks, bonds or mortgages of any kind
used a. basis for banking in Ohio.
Thirdly; The old banks" 50 called, being two In
Asmber--the Ohio Life Insurance and Trust Com
pany, and the Bank Of Circleville The powers Of
the Trust Company to circulate notes having expired
some Year, since, has liabilities for circulation.
The Bank Of Circleville has within Q year or 90
changed owners, and Is now mainly owned and man
aged by private banker Of Circleville Of reputable
rsDeing among his fellow-citzens. This Bank being
she only one In Ohio having unlimited right 10 issue
mall notes, undertook to supply the demand created
BY the withdrawal Of the small notes Of other States
The appearance Of large Numbers Of small notes GRE
sscd dissrust At distant points, and caused such
amounts TO return that the Bank was forced TEN.
pcrariy 10 suspend. The means Of the Bank said
% be ample and invosted almost entirely in CONNER.
eel pepper Of short date, and ct Circlevle it, Dotes