The daily Minnesota pioneer. [volume] (St. Paul, Minn.) 1854-1855, 1854-12-04
a. SEE "POSTSCRLPT!" On
THE THIRD PAGE


Bank Panic.
The bank panic appears to be subsiding
at the points East and South. where it has
ragged most fercely. A private letter writ
ten us from Chicago the 22d ult, states that
in that city financial matters are resuming
their old condition. Through the crisis, \
our friend writes, Atlanta money was re-
garded the safest amongst US, from the we'll
known pecuniary ability and integrity Of
those who issue it." 70 tho same puport
speaks the Chicago Journal of the Goth
November This paper is known to have
beer from the first, bitter in its opposition
to GEoRRE SMITH, and all currency issued by
him: '. rre .-' t.- tc.s-
The funds of the Merchants Bank, of Ma
con, urc taken on deposit, or for Eastern Ex-
change at the Exchange Bank Of this city, at
all times. One John Thompson Of New ork,
a professional pointer and setter, whose bust
ness it is to give tongue whenever he chooses
to smell any hing like game has seen fit to
mark the Merchants Bank of Macon out, and
pronounce it broken. While we are no apollo
gists for the Georgia currency, but have fought
against the whole of it as long as there was
any use of fghtiEg,w like to sec CERTAIN de-
gr of fairness exercised in respect to all these
foreign institutions The Cherokee Insurance
and Banking Com, any and the Bank of Mil
ledgville, are now, both of them, without an
abiding place in Chicago. The Merchants
Bank of Macon and the atlanta Bank are yet as
toll
that is, he will understand the exact value of
: Macon J.Thompson to the contrary notwith-
standing"
The following article from the New AL
bany Tribune shows that Indiana money is
gaining better epute:
Within the last few days there has been a
decided improvement on the street and in our
business circles, with regard to Indiana money.
The bank table which has been found in our
columns since Saturday, and which was pre-
pared by us with some considerable care, from
the original papers on file in the Auditors Of
flee, will show the kind of securities upon
which the banks are severally based, as well as
where the stock is principally held. Taking
this table as the criterion by which to judge,
and at present we know of no better criterion,
there are but ten or twelve of the whole list
that We would discredt. These may be sum-
med up as follows:
Bank of Connersvillc, Connersville;
Bank of Bridgeport, Perry Co.;
Bank of Attica, Attica;
Western Bank, Plymouth;
Bank of America, Morocco;
Goversment Stock Bank Lafayette
Traders Bank, Terre Haute;
Drovers' Bank, Rome;
Plymouth Bank, Plymouth;
Orange Bank, Poseyvillc;
Parry 20. Bank, Connection.
The reason why we would discrcdit these
banks, in the absence of any information cal.
culated to inspire public confidence in the III.
innate soundness, is simply this They are all
based upon Indiana per cents, which are at
q present discount of Is to Is per cent, and
being owned and controlled by non-residents
the individual liability clause is considered OF
little value as a resulting security against loss
on the stocks in the hands of the Auditor. II
may be that some Of these are perfectly good
and their circulation redecmable in specie, on
presentation. If so, we shall be pleased to no
tice the fact whenever it comes to our knowl
edge At present we don't like the looks o.
them"
A few of the Illinois Free Banks are in
disrepute. We give list of those consid
cred at all doubtful; prefacing it with tho
following from the st. Louis Republican, o.
the goth November:
at is denied that the Bank of Elgin has al
any time suspended specie payments, and no
tice has been given that the Bclvidcre Bank i:
also going on with its legitimate business"
The list follows: .....
Farmers and Traders Bank, Charleston;
Railroad Bank, Decatur;
PHI. Bank of Elgn, EIgiD; -.-,.,., ,,.,,,.....,
Mechanics aud Farmers Bank, Springfield
Belvidere Bank; ,-..
Bank of Rockford
Bank Of Napiervile;
Bank of Ottawa;
nu Page County Bank;
Merchants and Mechanics Bank, Chicago
City Bank,
i Union Bank,
Farmers Bank,
Phoenix Bank,
YALE COLLEGE - From the Catalogue
just issued, it appears that the whole mum
Der Of students is COS Of which $50 arc
undergraduates, and 155 are professional
students.
A. NY, GlloJ ~, C,k