Meigs County telegraph. [volume] (Pomeroy [Ohio]) 1848-1859, 1854-11-14

cases. Various rumoss sFs snoa, To regard
.o,hs sum about ta Be realized on these nO,es.
They are qnossd II 20 ern,s u New YcEki
h,s We should nos advise any one 70 par.
with them. u they can avoid h. ., prsens
LOG less .han s01cen,s. Our impression is
,ha, they viii svenIually be worth .has
smoun,. though we ,nsy be misssken.
!, The Free Banks q Indiana sse quoted 10
New York q. IS per cent. discount. This
Is mainly owing % .he course pursued b,
the Auditor af s,a,eof Indiana, and no, on
accoun, Of any depreciation Of The socks or
securities. Mr. Dunn is severely, snd as we
think unjus,ly cshsured BY the press Of Gin.
cinna,i and New York, Tor having issued the
following circular. Had he acted Otherwise
we should have fell disposed 20 eensure him.
The only persons seriously affected will-be
those pes,s 70 soc.rsy --money shavsrs-who
were Instrumental 10 depreciasing and crying
down The paper d these Banks. in order ,ha,
hey nigh, prof, ~ their fall. Many o.
these shayers have purchased largely Of
shase no,ss a d heavy d,scouns, had their
no.es protested, aud now they are In des-
pera,e passion because The poor farmer and
mechanic viii sand ias. ss sood chance 70
havs bis money tedsemed 90 these brokers,
Bu. she shoe pinchss ID anoihsrp place. These
scsmps VIII bs spsDNs||sd y wait awhile for
Isheis snonev. 20 othegs must do The
same; bu. 40 hopssl aaaa ough. 20 complaii
lifjus.ice is done 70 ihe Banks. as we'll % she
no,e.holders. Read the circular and judge
for yourselves: '5 !.
OFrIcR or AUDroR on STATE.
indianapolis, Nov. i, "a.
To coFrect IN erroneous impression. en-
,enained by many persons that The holder
of notes OF the Stock Banks, having them
protested thereby acquires . priority 10 ths
payment, The undersigned deems !. his dur,
10 s,a,e ina, such Is noi ,he fact. In case b
The winding up Of any Bank under she sta,
u.e. the notes not protested, are placed OF
the same foo,iDg ss those which have, beer
protested, snd q dividend Of The assess vii
be made pro rata. 4.
| Holders of mites should also beas IN i'iin
,ha, The amour, Of the dividend world n 4
sen,iaIy dminishre BY the costs and at i
protests, and expenses of sale OF asset.
The undersigned has also de,srmin' q ibp
in discharging bis DUTY 10 al. ,he cred'shf
of ary bank which may be forced in,o liquid
alton, he will no, proceed 10 offer any Of ih'
assets Of such Bank 10 The msrke, un.il afie
q, less. Sky days notice 10 New York
London, aud Paris, % MS 20 insure the larges
aud bts, price ier The securities. and not then
/ il. In his opinicn, ,bs ,ul,ims,e interests Q
al cuncerned will be promosed BY furshr
extension. ,e.8s.t 3B
He is, also, authorized 10 exchange III
State Stocks deposi,ed in his Office as cola,
eraI BY several Of The Banks. q. par for ,hei
circulation. when presented In sums Of nc
: less than one thousand dollars. ,sjaa
j .ef, ~ JOHN r. DUNN.
). Auditor Of Stale.
The Banks Of Circleviiie. Ciin.on Dan
Of Columbus, Miami Bank Of Dayton. an
r Canal Bank of Cleveland. sis said, ha,
laiIed. We do no. believe q word Of i
We have more cenfdenee IN our banl
ing system and our bankers. Tha, some
Them have ben compelled 70 suspend for
shor. lime, owing 10 the unprecedented ru
/ IN ,hem BY Cincinnati bro Aers is undoub
edly true; bu, ,ha, ,hey will oil ultimately Il
deem every dollar Of their circulation, Y
firmly believs. LID
The following dispatch was received
. Cincinnati on ,he 6,hl ins,., from The Office
= Eof ,hc Bank Of CiTcIrville: a9 p
o ','f ~ BANK oF ClRcLEvILLE,l
~ '-'a''''- y Nov 6, 1854
Mn. EDIToR:-Ths course pursued +,
r wards our notes. BY The bankers of Cinci
b nai, Chicago and Cleveland, will drive
n, IntO buSptuStOus We nave uus y siHk
(, dollar IN circulation bu, wha, we are able
: pay. There was no just cause for their a
r Iions. The bes. bank 10 the Union may
ID forced into liquidation by such course
is The public Is requested 10 make no sacrifi
/. upon our paper, as the assets Of The Raj
! are sbandsnly suficiens 70 pay all is Ii
I biiiiies. All we ask Is time to collec, |,
ID deb,s due Us. tSigned.) @J
E. h. K. LAWRENCE, Cashier.
The Clinton Bank of Columbus 10 now
j. the hands Of VIM. s. Sullvani, VIM. De
>. nison. Jr and D. w. Deshlsr. as Trustee
!. who are closing up ils affaivS--ils char
y having expired los. winter. When i,s p
per was thrown ou, BY the bankers Of Ci
ID cinns,i and GAINESVILLE. run,was anticipate
,e bun, ., lsseSi accoun,s none had taken plst
vi D. W. Dsshler immediately wentto Cinci
na.i 10 make arrangements % have the bi
redeemed sl par BY one Of the banki
!. houses ,hese; bpl The failure Of ,he hou
'd Ellis \ Sssresss) prevented he arvanl
>. menL He adser,isrb, however, lha,
'el was IN ihs ely himself. with 100000
i, his command, 10 redeem the notes Of /