The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-11-21
J BOGUS MAJUKITIES FOH q
COUNTED IN THE ABOVE.
Monetary Matters.

Monetary Matters.
Corrected Weekly by j. Jay Knos DE- Co., Bankers,
Saint anthony Street, st. Paul.
The unsettled state of monetary affai rs
everywhere has rendered it almost useless for
US to attempt to keep our readers posted
with regard to the currency in St. Paul.
New York City, which is the barometer of
the country in all its mOnied int ests is daily
becoming richer in gold. Confidence is re-
turning and everything is more cheerful
The Arabia which has just arrived brings no
disastrous intelligence as an echo to our gen
eral Bank Suspension of tho 18th of October
Should another Steamer confirm these re.
ports we may at once look for a rapid re-
sumption of business throughout the whole
country. 1t is curious fact that the amount
of gold in the banks of New York City, on
the 9th of October, 1857, was larger than
at the same period last year and the decrease
in deposits but two millions less One month
hence more gold will b. known t, be held in
New York tnan ever before in its history
Bat in Cur estimates let us not expect too
mach from such E:ct. There has been an
absolute loss of from one to two hundred
millions of dollars to the country in rail road
stocks and bonds alone AM! the slight sprink-
ling of gold dust from California and Europe
cannot at once retrieve the loss.
During the past week five millions of dol
lars OF New York State six per cent. stocks
were sold for the canal fund at sic and half
per cent. premium. That of itself speaks vol
umes for the safety of New York State Cur
rency. We are glad to be able to state that
the Bank Of Vernon, New York, some $780,
900 of whose currency we are using in ST.
Paul, has at no time suspended specie pay
ment.
One of our most intelligent journals has
taken the pains to show the indebtedness of
Saint Paul. The same journal will undoubt-
eddy favor US with the amount due us from
various sources. We have nothing to fear
from a plain statement of facts. A single
firm in this city now has over $500 Buff 10
Robes in the New York Market for sale,
which cost $4,000. In late visit to Sill
water we were informed by intelligent lum-
Der dealers that thel is aow due the St. Croix
Valley over S500,0O0 in cash from the best
firms between there and St. Louis. A single
lumber firm in saltwater has on hand over
100000 in lumber, which in ordinary times
would be readily turned into money. The
total value of lumber manufactured in Min
nesota is very large and the statistics can
readily be obtained. The amount of pro-
duce raised in Minnesota the past year would
astOnish our Eastern brethren. 1t would
show our neighbors at Dubuque and Chicago
that we have bread enough and to spare, and
that in that respect we are entirely ipdepen-
dent of them. The amount of real estate
transactions, and the amount now due US
from Eastern purchases would be very in
teresting item, and We hope to be able to fur
nish facts like these during the winter. We
are allowing our depositors from to 3 per
cent. premium for gold, and also from | to
) per cent. premium for Eastern Currency in
amounts Of 500. The selling rate for cx-
change on New York for promiscuous cur
lency is per cent; on Chicago per cent.
We are drawing at these rates at all times,
on the Atlantic Bank, New York, and the
Marine Bank, Chicago.
The Board of Brokers do not receive the
currency of the following Banks on deposit.
The old Broken Banks are not in the list
and our readers should beware Of them.
MAISE.-All except Grocers Bank, Bangor; Canton
Bank, South China Ellsworth Bank, Exchange Bank
Bangor; Maritime Bank, Bangor; Monsum River Bank
Sanford Bank, Hancock Bank.
New HAMPsHlRs.-All except Exeter Bank, and Lam
caster Bank.
VERaoSr.-All except Woodstock Bank, South Royal
ton B ink, Stark Bank, Bennington, NJ sssauoi Bank
Bank of Royalton, St. Aibaus Bank, Danny Bank.
MAssAcHusErrs.-An solvent Banks Western Bank
Springfield
RHODE IsLAND.-All solvent Banks in Providence are
received.
Eastern Bank, West KiIIingly Woodbury. b nix, Mer.
chants Exchange Bank, Bridgeport; Bridgeport City
Bank Colchester Bank Hatters' Bank. Bethel Farmers
Bank, Bridgeport; Bank of North ner ca PawcatucL
Bank, Qlinebans Bank, Wooster Bank, Danny: Wind.
ham county Bank, Manufacturers Bank, Manchester
New YoRT-Al except Orleans Bank, Albion Ontario
Bank, Utica; Yates runty Bank, Penn Yam; Reciproc
ity Bank, Buffalo Sacketts HarbOr Bank, Buffalo.
DELAwARE.-All solvent Banks.
NORTH CARoLINA.-AH except Farmers Bank.
MARYLAND.-All Baltimore and Annapolis Banks.
NsYLv,NIs.--An except Bank of Pennsylvania
Warren County Bank, Erie City Bank, Castle Bank
Lancaster Bank, Merchants & Mechanics Bank, Pitts
burg
OHIo.-An except Canal Bank, Cleveland; City Bank
Cincinnati; Sandusky City Bank, Dayton Bank Dayton
Clinton Bank, Columbus; Seneca County Bank Tiflin
Miami Valley Bank Dayton; Union Bank Sandusky
Bank of Circlevie, Bank of Massilon Bank Zanes-
Vile, City Bank, Columbus.
INDIANA.-The follswng Banks are received. State
Bank Of Indiana, Bank of State of Indiana, Bank of
Goshen, Bank of Mt Vernon Bank of Indiana, Bank of
PaOli, Bank of Rockville, Bank of Salem New Albany
Bank of Salem Salem; Bloomington Bank, Cambridge
City Bank, Canal Bank Crescent City Bank Exchange
Bank, Farmers Bank, Westfeld; Indiana Bank, Indi-
ana Farmers Bank, Kentucky Stock Bank La Grange
Bank, Parke County Bank Prairie City Bank, Salem
Bank. Goshen; Southern Bank of Indiana.
ILLTNos.-All Stock secured Banks except Rushville
Bank, Peoples Bank, Carmel; Stock security Banks.
WIScONsIN.-An Stock secured Banks.
KEsrucKY.-Al except Ashland Bank
MssoURI.-An
vRGISIA.--All except Bank of Kanawha, and Trans
Allegheny Bank.
LOUIsIANA.-All solvent
DIR COLIN CAMPBELI.-The London Post