Daily American organ. [volume] (Washington, D.C.) 1854-1856, 1855-08-29
Correspondence.

NEw YORK, August 2s, 1855.
H. w. Edmonds, ex-cashier of the Mechanics
Bank, is out with long statement in pamphlet
form, in defence of the charges preferred against
him by the officers of that institption. In this
statement are found some interesting facts, which
it viii be well for the directors TO ponder over.
He says when he took the Office of cashier the
stock of the bank was selling at S50-the capital
(S2, 000,000) reduced TO 81 100000, and no divi.
dends to the stockholders. He leaves il with its
stock worth $ll5; its original capital fully restored
and surplus of at least 800, 900 and ten per
cent. dividends have been regularly paid for seve-
raj years. /" took your bank" says Mr.. f.,
crippled and discredited, and restore it to you
standing among the first in the land, yielding a
clear profit of at least 100000 year." 1t would
appear from this statement that the difficulty origi
mated with the assistant cashier Of the bank who
was Jealous of Mr. Els position and was anxious
to secure the place for himself.
The bank statement of this morning shows the
following reduction in each department: Loans,
S549, 456; specie, 81 1922 ,S67; circulation, $685.
oil; deposites, $670,ll8. Money is getting to be
more in demand as the season advances, and rates
have improved about one per cent. within a lew
days. Business is looking up, and country nler-
chants are focking to the city which makes the
streets look cheerful and business-like again. The
stock market has had downward tendency for
the past week, nearly all descriptions having fallen
off. Virginia skies have not varied much from %
for some weeks
A rumor is abroad to-day that suite Of rooms
| have been engaged at the Metropolitan Hotel for
party Of distinguished Mexcans who are shortly
expected to arrive in this city. The general i'm
preston is that this party is other than the
" distinguished" Santa Anna and his family who,
it is said are to take up their abode in this city as
q permanent residence.
The peach vendors of this city were suddenly
brought up yesterday. 1t appears that some Of
the measures had false bottoms, others had bot
toms pushed up, and others were 50 shallow as not
to contain half the quantity pretended; and for
this fraud complaint was made, and eleven were
arrested, and each fined 50, in default Of which
several were locked up.
Mayor Wood, who has been very quiet for some
time, is out with new order to-day. He says:
The connexion OF any member of the police de-
partment with any political organization cannot be
| allowed under any circumstances, and violation
of this order will be deemed neglect of duty, aud
the person SO offending will be severely punished.
A very serious accident took place at Hurl Gate
on Sunday morning last. The steamer Elm City,
from New Haven, ran over small boat containing
James Lester, Richard Roberts, and Joseph STRAIT
ton, and it is supposed all three were drowned, as
nothing could be found of them although dilgent
search has been made. The Occurrences was wit
messed by persons on shore, by whom the small
boat was picked up, ana who saw the three men
jump overheard.
The following gentlemen from Washington are
at present in this city, j. w Tyson, j. @. Walsh,
Professor Espy, and General Totten.
At the Wing judicial nomination convention last
evening, the Know-Nothng ticket was generally
adopted, the result of which will be, doubt, the
election Of the ticket.
The sixty-ninth trade sale of books, &C., is to
take place on the 4th proxmo, but the sale in
which most of our publishers arc interested will
not commence until September is, when il is
pected that one of the most extensive and varied
sales will take place ever witnessed in New York.
After which grand fruit entertainment is to be
furnished at the Chrystal Palace by the Publishers
Association. 0MlcRoN.