Daily American organ. [volume] (Washington, D.C.) 1854-1856, 1855-08-08
Correspondence.
communicated

New YORK, Aug. Z, 1855.
The mystery connected with tho Mechanics
Bank, has not yet been cleared up. Notwithstand-
ing the published card of the President of the In
stitution-stating that the funds were all right
there are many who still think there ia large de-
6ciency in the cash account. The credit Of the
bank is materially injured and the interest of the
stockholders demands an early investigation into
its affairs. card has been looked for from the
cashier, but he still keeps silent, which adds much
to keep up the panic.
The weekly bank statement, published this
morning gives the loans and discounts little over
800, 200, 900, which is over one million higher
than at any time since the commencement Of the
advertising oftae statements. The increase in de-
posites is little over million and half In
specie and circulation there is no material change
from the previous week. On the whole, the state.
mcnt is quite as favorable as could be expected.
The money market is well supplied with funds,
although there is slight increase in the rates.
Stock sales have been light for some time without
much change in prices. Virginia State stock has
improved, the last sales having been made at 9S
., and in most other descriptions the prices have
been sustained. The banks discount freely, as viii
be seen by the above statement, very little paper
being thrown out, in fact none at all but what is
of doubtful character Several new banks are in
embryo, and when in operation, will add some ten
millions to our city bank capital The one most
prominent Is an opposition 10 the Broadway Bank,
and among its directors some Of the most sub
stantia men Of the city. When fairly in operation,
this bank will be of great Importance as IL is TO be
situated in the neighborhood Of Broadway and
Park Place, where our large dry goods houses are
mostly located Mr. Edmonds, the ex.cashier of
the Mechanics Bank, is spoken OF as cashier, and,
should he accept the Office, the bank will be sure
to get the city funds, as he has been chamberlain
to the city for long time and, should everything
prove satisfactory at the bank he has left his
will add greatly to the character of the new instr
tuition.
A very large indignation meeting was held last
evening on the Battery, the object Of which was
to take into consideration the action Of the Com
mssioners of Emigration. A strong and growing
opposition to the Castle Garden being used rs an
emigrant depot, is manifested and strong resolu-
tions were passed at this meeting. Many Of our
wealthy men Of the lower part OF the city we're in
attendance and took great interest in the proceed
ings.
The news from Kentucky, which was published
in our city papers this morning, has created in
tense excitement and await further intelligence
from Louisville with great solicitude. Where there
are so many foreigners as In Louisville 1t may be
considered doubtful by many who win get the
upper hand, although there is no difficulty in de-
Gliding on which side justice N. III such bloody
riots are TO take place at this early day. what may
we not expect at the next Presidential election :
Let us hope before that time the American people
will have their eyes fully open, and see their per-
ilous position, which Is now as plain as the noon
day sun. There must be check put to this for
eign influence, and that soon, or farewell to our
free institutions.
The number of deaths which have already taken
place, caused by the fire In Chatham street, on
Sunday evening ia four, and one or two more are
not expected TO recover. Mr.. Jacobs, the father
Of the family, who was arrested on suspicion OF
having caused the FIRE, has been honorably dis
charged, he having proved an abb. This arrest
was entirely uncalled for, as there was not the
least ground for it,
Stringer 4 Townsends last original novel, I" Ma
ry Lyndon, an Autobiography" is attracting more
attention than any similar work lately published.
OF course the book is highly spoken Of by some,
while others condemn it, as Is always the case with
critics but 1t Is not often, in my opinion, that we
find better written story, although there ideas
in Il which should be sorry to subscribe 20. The
language Is beautiful and whether written by Mrs.
Cove Nichols or not, it has much In Il which would
point that way Whoever is the author, II will add
much to their reputation as a brilliant writer.
0sIcRos