The Caledonian. [volume] (St. Johnsbury, Vt.) 1837-1867, 1855-01-13
tbr CaIr0unian.

Pledged - Religion. Liberty. and Law.
ST. NSBURY,
SATURDAY. JANUARY 10. 1855.
CUErA;LMrNTs IN Holders
Of Bank, az well as Of Railroad Stocks, find
that their dividends are not gate up to the
mark CT tines past. Railroad dividends in
Vermont have vo:'c as co,: 'n'rfeiy OH 81 lash
ion as long stockings and silver zee hu-...
For the la. few wears banks have ma!,, iarg"
dividends. new banks have been created, and
bank sto < sou cht for with crcciincss The
large dividends have been pred;catc'l. to Some
extent. upc:. ,otrs secured ~ certificates Of
Railroad stocks and Railroad bonds an'l more
or less Of ti:rui hay, lain for a lon. time in
the vaults Of tie Banks hut in Tie close times
which have been approaching. they have be
come t'c s::hicc: II .ci:yiiu'!c TO isan.; Direct
ors, and their va:c tested by the failure, in
some cases, of the siGners The actual and
probable losses arising from these securities
indicate 10 tie E.anaGcrs Of Banks the netes-
Sly OF limiting tlp:r dividend: 10 an amount:
less than some tia; have been declared pre-
viouIy. especially in instances where The sur
InS fund is Eot large. Some, i, is said make
no dividends at all Cor the present. The CON
sequence is. that bank stock is offered al rates
less than it was held six or
twelve mouths ago. All of the Banks in the
State have 10, suffered in tbs respect. hu:
few have escaped wh;vh have been under the
influence O! men connected with Railroads.
Anxiety to make good dividends. and 20 en-
nance the nominal value O. Bank stocks, and
to accommodate friends. have been the pro
ducinc causes, no doubt. ofthe i'll lack VIII, h
has belalen any of the Banks But one has
Stark Bank, at Bennington and
we 10 not hear al losses III other cases likely
TO e'er;Eair. with prudent management here
after, in insolvency, though stot Ai.o,,.cr, niu<t
inevitably suffer.
The increase OF hanks hcvonl the rc,nire-
rments o. The public in any State. is o'ivn the
real cause of bank failures. The managers
Of banks are frequently DESTROYS Of maxim.
good dividends, in order to raise tie price cf
their stocks-olcn that they may sell them
and reap the advantages Of the ini!.iion.--
They ind tie them sopcwh hat As the :rronau;
docs his balloon, that they my ri>c--iu, when
they come down. they often fall in,o scnr-
bcls's else hands.
Too much banking also leads TIE Managers
of banks to seek use for their means in other
States there. h,zarlnc the safety cf the in>-
tiutious over which they preside. Sucl, Wa
the case with the Stark bank. O:':rr banks
in Vermont lave suffered severely ircM H.
same cause.
H!GM i'EICE FOR SLAvrs-Thc i'aM,ilit
(Va) T.. y,u!J;ron Of Erid,, H., ~
AT Commissioners sale q trw ,ia1 40
in this n"i yhhorhool, negro man vas sol"
Tor go. aNa a nrCro woman with ,!il,
eight months old for II 80: the re-: o; i,,u
twelve in number, for prcpor:ion!lry h1l
prices, though the above wee Tie lar4c,
Sums paid Tor any two of them
Tie expansion Of slave t,rri,o"y Away.
has TIE effect Of enhancing the value of
slaves. \ new market is thereby o,,cncd
and slave breedin" is consequently stimulated
II was the case VIXEN Texas was ANNEXED. |
Is Tie case now. at tic openin. OF t!.e kan>a
territory TO slavery auA it Is aI'v": Ii;cl,
to be So Any new demand for an ariiyl,
affects its value That slave dealers shoule
demand more territory, in these circuHs.an
ces, is not to ':c wondered at that any bod,
! breathing Tie air Of freedom should svmpa
thise with them, is matter Of as.oni>hmcnt.
LARGE RENTs.-Thc dizziness of the time
in the cities ami LARGER Town affects rents So
vercly. In New York, in one street, Broad
way--.hcre are l6l notices of tcnnmcut, st
let The Erening Post SAYS this is the nat
nral result Of The cxhorb;,an: rents demand
ed 'y owners Of stores, shops am, tcnemcnts
The same remark will be applicable to al
most every p'ace-rents have been huhc
than the occupants could afford to paw, an,
depreciation or non-oct upcncy must incyita
bly, follow.
1Hr S::Ac"N,-The weather has bee
quite mid Tor the last fortnight. and the snow
Of which we have had bu; small quantir,
has so far melted that it is better whcclin
than s!eighing in cur vicinity. Unless ther
is heavy fal! Of snow soon very little BUS;
ness will be done this season in the way q
getting out Lumbar
eS' Mr.. Giddings, delegate in CONGRESS;
from the Nebraska territory. has published
letter, in which he SAYS he is not an "abol
tionst, in the technical sense of the wore
but is for free territory, and fer making y,
;raSka free. lie has taken his seat in Coz
gre,s.
/ ca Several papers, as if conscious ofthei
own want Of merit, are Offering Magazine
to induce people to subscribe or their paper
MAINE Arson T. Morrill, has bee
elected Governor of Maine by the Lccislf
ture. The Senate threw an unanimous yot