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

iy is that this road will fall the hands of the first
bopdholders, and hat they will complete 1t.
comparison OF the foongs Of the weekly statement
Of the Boston banks with those Of the previous week.
hibits the following results-
Noy. 8. Nan IL.
Capital stock ss2 no 900 s32 no 600 No change
Loans aud discounts So $50 So ISL 500 Dec 5 Gao
f Bss9 a a bank. s4ss
Due to other banks. 512233 4943 3Is pec. I7s 0s2
Ieposts... Is s47 lo7 1880 653 Dec. 3ss, 45i
Circulaton... $500 $50 1851 Inc. 80 95S
The total gold and silver coinage Of the New Orleans
Mint in October sos oOo Total gold silver de-
poaits In same time s22, 094 4s.
The Secretary Of the Merchants and Mechanics Mutual
Insurance Company Of Philadelphia writes follows in
relation to our classification of its assets:-
EDITOR HxaArD.
Your financial column of this date contains statement
of the investment Of the capital of this company which
you prefix by unwarrantaby dsparsging the company
We ask leave his and say that Of these
investments worth at least their par value and that
this company Is sound and its business In healul
d0n We think II due to that this correction should
have place In your next financial column.
II. X. RICHARDSON, Secretary.
The steamship Pacific at this port from Liverpool
brings days later INTEL geDce There had
advance Oft quarter Of penny pound in cotton, with
active sales. Breadstufs generally lower. Money
rates for discount remained unchanged The advance In
cotton attributed entirely to the nature Of accounts
from this side relative to the crop.
The London Circular of T. F. Sattsrthwate of the Cd
inst, says -
There has been a moderate business in American se
curities during the past week We note transactions In
Mortgage and Illinois Central Construc and Free Iani
Bends At the close the market has beea weaker owing
to The tone OF the leading London papers American
affairs.
Great Western Of Canada dull at 221saA.
The returns OF the Bank of Eugand for the end
ing October 81 compared with those for the preceding
week, exhibit the llo~ing chauge.-
In the liabilities decrease Of pu lie deposits OF sl2a
17b tcrease of othe deposits OF f436 1885, increase
bills Of 81 ,O1O.
curities OF f254 92 decrease Of Of notes Of
increase of gold and silver coin of f5s o2s
The bullion in the Issue and banking dspar tueuts
together amounted TO Ell 30 1885, which compared
With Ell 80 207 the amount Of the previous weeks
turn, shows an increase Of f73, 1853.
The noes In circulation amounted to GO, a3j 900,
which, az compared with EGO 76 the amount Of the
previous weeks return, shaws increase Of f6i 1855
This statement Is ess unsatisfactory haa several Of
Late. IDstesd Of heavy decrease, there Is slight in
crease in the bullion The bills under discount show a
small decrease and there decrease in both the pub
lie and private deposits together Of above half million
sterling, and chiefly account of the latter which
PEELED the bank 10 sell stock In order 10 lessen the
drain upon the reserve Of notes.
The Bank Of Amsterdam has raised rates Of dscoun
to four per cent. Dutch stocks had declined in
quence about three-qaarters per cent.
II was the impression London financial circles that
Of the f442 COO received BY the Baara from Australia
the 9th Of October about half would 60 into the
Bank Of England, and the remainder into the Bank Of
France The West India La Plata had arrived
London with ELI, 900 in specie.
The London Times Of the 30h says =
The Paris letters mention that the rate Of exchange
las q tain
I'LL being bought up to facilitate the comped of the
remaining contra for the nsmi Ion of gold from this
side. Al Hamourg the exchange Il lower aud iey
IN great demand the rate Of dicount having advanced
u per cent. At er,am, also, the quoaion has
deciped owing To the operation In silver account of
the Bank Of FIaace with reference TO which IL Is
Toned the bank have SOLD large amount Of silver at
high price TO the sgents Of Messrs. kothschid bat
sel any they fear To create city of
money" From 81. Petersburg 1t Ia stated tna., npwith
ing large ichsses Of talox lately effected
the exchange continued fall the latest quotation being
a5hd II may be presumed thsrefre that all the gold
that be procured for the purpose rapidly smugged
out Of tt Q country.
The members Of the London banking house Of Paul,
strahan Bates have been sentenced to fourteen years
transport alton 10 Gibraltar. After fair and impartial
trial. which occupied several days. the jury brought in
verdict Of guilty and the Judge passed in the
following words -
William strshan Sir John Dean Paul and Robert Maxim
Baes tho jury have found you gal.y ot the offence
charged upon you in this inc.tsneothe offence Of ais
sng OF securities which we're inrusted BY your cas-
TONERS to bankers Tor the purpose OF being tspt
safe their use, and which you APPROACHED under
circumstances Of temptation, 10 your A greater
and serious offence can hardly be imagined ia
great numerical city like this II tends hase
d.nce in all persons In the position you occupied aud
has shaken the public cinhdence In establislmcnts like
that you for long period h0norably conducted. do
very very much regret that ii falls - lot 70 pass
persons 10 yoar situation bat yst the public
interests and public jus ice require H. and l. j. Tor
to shonk from the discharge VI duty, however
painful which properly belongs my Office / should
bave beer very glad II Il had pleased God that
else had to discharge that duty have ICON
tinued the learned judge with deep cnoton)
Of you under very different circumstances, sitting
my side In high Office ns cai Of being you nov
are and could scarcely then have ancied yss that
81 would TO me 10 pass sentence on YOU Bat
and this Is proof thei eiore, that all ought
pray not 10 be led INTO temptation You have been
we educated and held high position In lie md the
punishment which ust tall you viii consel eglly be
the serousiy and severely lt ~ you, and all also
greatly Affect those connected with you who will
sensyely feel the disgrace Of your position. Ali that
have 20 is that cannot conceive any Of
the aiing under the act q Parliament applicable %
your offence. Therefore, as cannot conceive any
case under the act do nothing else bat impose this
!. nenoe therein provided for the namey.
the punishment which Is that goa te
ally trans ported for fourteen years The prisoners who
seemed as;oundcd by their sentence leaat against tho
dsek ~ they expected their counsel to make
-vstions to the court, but, after short interval they
slowly retired in custody.
f0ch