The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-16


hibits the following results-
Capital stock 10 600 ssa 10 600 No change
Loans discounts S. Il3 $50 500 Dec 500 oeo
Due fun other banks. s,75iSls s,37so52 Dec $50 $50
Due to ether banks 6I229so 4943,3as Dec. l7s os2
Deposits. ... 1891 107 IS $50 053 Dec 366 45i
Circulation. s59o9SO so51 ,9ss Inc 80 o5s
The total gold and silver coinage Of the New Orleans
Mint in October sos 600. Total gold and silver de.
posts in same time Sc, 094 IS.
The Secretary Of the Merchants and Mechanics Mutual
Insurance Company Of Philadelphia, writes follows
relation to our classification of its assets
TO TIE EDITOR OF TIE HERALD
Your financial column of this date contains statement
of the investment Of the capital Of this company which
you prefix by fundamentally dsparaging the company
We ask leave to correct this and to say thal these
investments worth at least their par value
dition. We think us that this correction should
have place IN your next financial column.
H. K. RICHARDSON, Secretary.
The steamship Pacific, at this port from Liverpool
brings seven days later intelligence. There had been
advance Of quarter of penny per pound In cotton with
active sales Breadsufs generally lower. Money
rates for discount remained unchanged The advance
cotton is attributed entirely to the nature of accounts
from this tide relative to the crop.
The London Circular Of T. +. sattsrthwate Of the ID
inst, says
There has been a moderate business in American Sc
curtos dun ing the past week We note transactions in
New York Central and per cent Bonds, Erie Third
Mortgage and Illinois Central aud Free Land
Bonds At the close the has weaker owing
to the tone Of the leading London papers on
affairs.
Great Western of Canada are dull at 22h X.
The returns of the Bank Of England for the week end
ing October IA compared with those for the preceding
week, exhibit the following chauges:-
In the liabilities, decrease of public deposits of EI2i
1856 decrease Of other deposits Of fI35 59
Of Rest OF $685. and decrease OF sevendsy and other
bills OF 81 ole.
In the assets the return shows decrease Of other Sc
curtes Of 9254 9l2; decrease of reserve of notes Of
al s25 sa increase of gold and silver coin of ESQ e2s
and decrease in government securities of s3O 4O4
+ The bullion in the issue and banking departments
together amounted to eli, 1885, which, compared
with Ell $50 20, the Of tho previous weeks re-
turn, shows an increase Of Els, 1bS. .piM
The NOES in circulation amounted to GO 4s5 800,
which, as compared with go 745 the amount Of the
previous weeks return shows increase Of f64 1856
This statement is less unsatisfactory than several OF
nte Instead Of heavy decrease, there Is slight in
crease in the bullion. The bills under discount show
small deere and there Is decrease in both the pub
nc and private deposits together Of above half million
sterling aad chiefly account of the latter, which
PEELED the bank to sell stock in order to lessen the
drain upoa The of notes.
The Bank OF Amsterdam has raised s rates Of dscoun
to four per cent. Dutch stocks had declined in conse
quence about eequarters per cent.
II was the impression In London financial circles that
OF the G442 ooo received by the Beara from Australia
on the 9th u October about half would 60 into the
Bank Of Eosand and the remainder into the Bank OF
France The West India steamer In Plata had arrived
London With eta, 600 in specie.
The London Times OF the Goth says -
The Paris letters mention that the rate Of exchange on
London continues 10 be fully maintained every available
bill being bought UP to facilitate the completion OF the
remaining contrast Tor the transmission Of geld fso this
side At Hamburg the exchange is lower and money is
in great demand the rate Of discount having advanced
to per cent Al Amsterdam also, the quotation has
declined owing TO the operation in silver account of
the Ban of France with reference TO which 1t Ia
TONED bank have sold large amount OF silver at
high price 10 the agents Of Messrs. Rohschd, bat
fuse sell any more they fear create q ,cy OF
money" From ST. Petersburg IL is stated that, notwh
standing some large purchase of talow lately effected
the exchange continued to fall the latest quotation bein
354d II may be presumed therefore that all the gold
that BE- procured for the purpose Is rapidly smugge
out OF TIE country.
The members of the London banking house Of Paul
straban Bates have been sentenced fourteen years
transportation to Gibraltar After fair and iInpariia
trial. which occupied several days the jury brought in
verdict Of guilty and the Judge passed sentence 10 the
following words
William strshan Sir John Dean Paul, and Robert sasn
Bates The Jury have now found you guilty OF the offence
charged upon you In this diement-the offence OF ais
posing Of securities which intrusted by your
toners to you bankers for the purpose Of eng kept
safe fA their use and which you appropriated under
circumstances Of temptation, TO your own. create
and more serious offence can hardly b. imagined ia
hdence in oil persons 10 the position you occupied and
has shaken the public confidence in establishments like
that you for long period hunofably conducted do
very, very much regret that II as my lot PASS any
sentence persons in your situation but YET the public
interests ami public justice require A. and II is for
to shrink from the discharge Of any duty however
painful, which properly belongs 10 my Office should
have been very glad II had pleased God tt sogae one
else now had 70 discharge that duty. have (cDn-
tinuei TN learned judge with deep emoton) AZ easl
81 you under very different circumstances. sitting
at my side in high Office ins cal being where you now
are, and could scarcely then base ancel myself that
would eyst come to me TO pas seuencs you. Bat
il s and Dis j. proof thc eiore, that al ought
pray rot " be led into tempt You have been
vel educated and held high position in life aud the
punishment which must iAH you VIII consequently be
the seriously and severely es By you and p alsJ
greatly affect those connected with you, sho will mot
sens,yely feel The Disgrace N your position. All that
have to that canpot conceive any ~
the sort arising under the act Of Parliament applicable
offence. Therefore, cannot conceive any
case under the sct do nothing else bat impose the
sentence therein provided for the worst cae-nameIy
The nost punishment which H. that you BE-
ally transported for fourteen years. The prisoners who
seeIned asiounded by their sentence cant aglnzt the
dock u They expected their counsel 10 MAKE OBJ
-ivations 10 the court but after short interval they
slowly retired in custody.
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