The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-29
FINANCIAL AND CONNER GAL.
-~N-s,---~---~--e---s~-.s
MON Ely MA r. X EFT.


spectators. The strength and resources of this
clique appear to have reached the maximum points,
and the probability is that before many days eapse
the market will be all back again to the low prices
ruling some weeks since. AT the first board to-day,
Michigan 6's declined per cent; Missouri 6's /;
Michigan Southern, preferred, 4; Illinois Central
Railroad, Z; Chicago and Rock Island, T. Tennessee
6s advanced 4 per cent Brooklyn 6s, d New York
Central Railroad, 4; Erie, 4; Reading Il La Crosse
and Milwaukee, l. There were very few time sales
on the list, and those made were principally buyers
option. At the second board the market opened and
closed dull and heavy. Erie fell Off 1 per cent;
Reading, l; Michigan Southern, DID, l; do preferred.
3; New York Central, /; Gaiena and Chicago, Ii;
Cleveland and Toledo, !; Chicago and Rock Island.
d; Milwaukee and Mississippi, ]. After the board a
slight rally was realized upon the report that the
Northern Light was on her way to this port from
AspinwaIl, with two millions of gold. Another
account says twelve hundred thousand dollars.
The Assistant Treasurer reports to-day as fol-
lows-
Total pay 1s3,5ob %
Total balance 39a, 2l8 ~
The receipts from customs to-day amounted to
$4,000.
The steamship Ariel, from this port for Southamp-
ton and Bremen to-day, carried ont $50, 925 in spe-
Gle. The closing rates for sterling bills by this
steamer were s 8 per cent premium for GO days
Sight bills l0l II premium.
The exchanges at the Bank Clearing House to-day
amounted to sl2 655 $50 95, and the balances paid
to 81, 013,525 40.
The semi.annual interest on the bonds Of the Ire
verton Coal and Railroad Company will be paid at
the Leather Manufacturers Bank on the LIST of De-
cember.
A letter from the receiver of the Sacketts Harbo,
Bank states that no dividend will he declared in
January, as was OCected." The receiver further
more states chat IL Is impossible FOR him to say
when a dividend can be declared"
The Howard Insurance Company has declared q
dividend Of ~ per cent, payable December 7.
We have received copy of the message Of Gov.
Allston of South Carolina to the Legislature of that
State. We copy that portion which relates to finance
and the banks:-
The financial condition Of the state sound though at
the present mnen, necessarily somewhat embarrassed
without including the surplus revenue 81 05l t22 o.
o. ISL 90 drawing interest at rate varying FROM 70
per Tho returned for the last fiscal year
s4e3l 3D. The ordinary annual expenses do not exceed
e. But the ray cut Of the treasury Tor the
past year far exceed that sum.
Within ten years the number az banks has been in.
creased to twenty, which returned monthly, with
aggregate capital Of sl4 s37 Gal 25 with specie basis
in September OF s9eq,3a 10, and line Of domestic cx
change amounting 70 slo 2o5 ESQ on of the last
% the banks In the commercial city OF Charleston,
having capital Of - 3T ,G2 b. returned for Their part
only s3o27 a61 - The capital Of the ten banks hrst
named In the exhibit amounts to $40 1889 20. their
circulation September % 3sp 500 their specie
hand for the month"; 1851 $40 H. The circulation
Of the same banks as shown 10 the month o. oct9ber was
O. Sol and their specie amounted H. sa35ss3 90 The
ten banks last mast named having together capital OF
SLIGO 600 returned for their circulation in september
x37l4 IA specie hand fA0i 450 81 The circulation
az tho same hanks shown in tho October exhibit,
s32Is,3lb 90 specie on hand, s46T,sOI III:
the hall ~ the year, was pleased so learn that
the bills of the principal banks 10 South Carolina consttut
Cd stil portion ~ the most approved currency IN the
west and available also 10 travellers A. far north
the city n New York Those uf " the smaller
banks il v as said were sometimes found at certain
points The Western States circulating too freely aud IN
TOO great numbers IN granting charters hcresier, J
exchange di-rount aud deposit The issue of hlls Cor
currency should be the prerogat've ofthe Rank Of tho
state, which s should be denied tho privilege 81
atsronrtns notes ~ dealing IN domestic exchange. Tho
corporations which demand a circulating medium sor
their business should srpy 20 The state authority Tor INC
same dernSing third ~ the amount desired In spc
Gle and The remainder In satisfactory securities, 10
assure the public Of the soundness and converby Of
mixed currency THIS suggestion u made the suppo
p0n that the state will adhere ~ The Bank oC the State
it, fiscal agent not because prefer II ~ such. Unless
some such modification Q, the system DC aopcd am o.
opinion that it would couducc TO the soundness Of the
reney and ~ the interest q the whole community,
90 have the banking business OF the state done by six cor
porations, instead o. twenty
The Philadelphia pennsylranian Of the 18th inst.
says
The comm sszion recently appointed by the Governor 10
investigate the affairs 81 the Bank II Pcnusy vana have
concluded their abors a. far ~ possible at this time and
forwarded their reports 50 the Governor Thursday
Il understood that they 1nd the condition Of the bank
much less deporablc than many have been led 10 anici
pate and that there - good ~ believe That every
dollar only of iis circulation and deposits but other
liabilities will be- qudacd. It, total liabilities q every
ation between 10000 and $500 600 of deposits and
checks marked good and its Indebtedness to city and
country hanks. Nc. The total assets amount 70 about
a. coo the larger portion being bs receivable
Of which have been protested and others renewed while
considerab amounts being paid a they mature
There IS also considerable amount ~ bonds mortgages
real estate, &c including the edihce Chestnut
street large proportion both q the unnatnred and the
protested bills are abundanty secured There are how
ever contingent liabilities arising out &C he endorsement
of the paper w English houses, amounting in the aggre
gate To- nearly million dollars; hut the extent Of this
liability cannot be yet ssccrtancd. "a these houses
have already gone down ia the financial difficulties on the
other side aud some weeks must necessarily eltpse be
fore the precise extent Of tho liability Of the bank IN this
respect eau be ascertained " the meantime nothing de
Unite known 10 the purpose the stockholders. but
the desire and intention Is very generally expressed OF
rrsuscating The Institution with paid M capital Of
about million dollars The charter Is, doubtless,
have before Indicated, quite valuable The shares sold
yesterday ~ III
The Boston Trarcler furnishes the following in
formation from the Lake Superior copper mincs:
The news from the "Toitec" and adventure y very
encouraging. Both will probably make psng mines At.
ter ALL The former paying ns way with a moderate
rce and turning out considerable masses now and then
The latter perceive Wy the annual report with 10000
shares has I'll 900 cash in hand sale Il 10000 pounds
refined ngot copper for shipment Is reported IN New York
nj Do. W ~ cents From whatwe learn the Mime
son assets sucicu, pay every dollar Of ts ndebt
cdncs 70 next March thus leaving Jan. l. about two mil
lions of pounds q refined copper on hand for dividends
At 20 cents, this copper worth 800 900. or twenty dol
lars per share This account Of copper includes the
duct TO first Of January only while the debts are reckon
ed " March The price Of labor Al lake superior will
decline greatly during the coming year, and the actual
cost of ton % copper ~ BE- greatly reduced n IL said
that rs cents per day throughout the West will hire
hras, Labor ahar rn-,lh hn hal aair "a al