New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-27

viz: tha. which every Intelligent merchant WIN fs''s
rize a. necessity Of the times resAa1'n ana TIT
bearapce in settlements, which will con0tn u '.9
altered position Of thirgs-s general dsP''l4on ~
grant time and facilities for recupera1oai time 10
vhich the shstered fortunes OF the sufferers Fay %
repaired, ard if possible made whole sg.n-ime
rough in short 10 enable men TO collect thsr Dues
that they IN turn may psy their deb.s. Whoever
besates 70 do this IN where debtors Gao MAKE
clesn statements, if allowed the privilege OF time "
make them available, and to prevent Inreasocaoie
sacrifice deserves TO lose the debt which he cirss TO
so pertinaciously. II may be tina. some, taking ad
ysn.sge Of the fashion of asking accommodation, VIII
erdeavor 10 saddle their creditors with loads Tlica
they themselves are well able 10 bear; but these In
stances are rare ar there be little or no difficulty
in discriminating between those who are DESTROYS OF
having M their OBJ gstions practicable, aad
tho -e who merely wish to avoid mskiDg an effort to
meet business engagements. Most CT our mercnsnts
are high toned honorable men, whose pride and pleas
ure it is to psy promptly and in full, and it will be
found that in the majority Of their exerton, TO
make assets available to pay their just debts "i be
redosbed during the period which generous and INTEL
reeut creditors will extend to them.
In point Of fsct SO DESTROYS men who encounter
trouble to escape speedily from their Notifying posi-
tons that they are inclined to ask 100 short an inda-
serce An extension Of Thirty, sixty or ninety days,
in ordinary csses when perhaps the parties expect to
make collections in distant sections Of the country s
sItoge Their too brief to accomplish the object. Our
crop movement lie tsrdy. The whole system OF domes-
tic ss well as foreign exchanges i, under extraordinary
endorsement and arrangement, and il will require
month. to get the machinery fairly started again, be-
fore collection be made TO any extent. l. is idle to
attempt this great labor Of restoration in month or
two months; it is work of six months, ii no. year.
Il is consequently Incumbent upon all concerns
struggling under the difficulties which are go wide
spread and deeply seated to look carefully at all the
chances and to calculate all the changes aud for their
cwn safety well for that of their creditors, to de-
msrd firmly aud respectfully such consideration and
indulgence as the msy actusy require and it is
equally Incumbent upon creditors who desire to enable
their debtors to fulfill engagements to extend un-
hesaiirgly and kindly that accommodation which is
essential to accomplish the object desired; otherwise,
both creditors and debtors will pursue phantom aud
perhaps lose the substance.
At Phladelphs there is no feature IN the Money
market; the Banks are dorg but little 10 the way OF
new business, being mostly employed in renewing pa
per now maturing, where the security is ample. The
street rates for money unchanged but there is little
or no paper even Of the first class passing through the
hands Of the brokers.
The Bords issued by the State of Missouri in aid Of
seven Railroad Companies in that State, amounted to
$24 $50 OO0 of which 81, 600 have been issued
Their current price in this market is about 65 A
special tax will probably be levied to meet the interest
next falling DUE All idea of reputation is repudiated,
but the Governor recommends that no more Bonds be
issued at present rates.
A summary If the failures and suspensions in this
country, sirce the lst of August makes the whole
number 952 of which AS were in NewYork, 80 in
Penns ylvania 12O in Massachusetts, 40 in Ohio, 10
Kentucky, 3 in Indiana, in Washington City. ) in
Mime sota A in Illinois, in Maryland, 81 in Iowa,
% in Michigan Is in Missouri, % in NewJersey, in
Rhode Issnd "a in Wisconsin, and 50 in other States.
The total liabilities of all these estimated at $9O,-
OC0,0 GOO.
Annexed is letter from the receiver of the Ontario
Bank Of Utica:
RECEIVERS OFFICE, ONTARIO BANK,
UTICA, Oct. 81, 1857.
JAMES ANDERSON, esq, Aibany.-Dear Sir Me-
join has handed TO your letter OF the 10Th inst
| cannot low redeem the notes of the lats Ontario
Bank; | mean those which were issued prior to the
st January 1886, and payable at Canandaigua or at
the Branch here and regret to be obliged to add
hat the condition Of the affairs of the Bank is such
N Cannot express any satisfactory opinion as 10 tue
ultimate payment of the notes from the assets in my
hands large amount is in litigation aud Of covrse
cannot cay what the result will be. am not ct lib
elty 70 give the holders of the bills of the old bank
preference over other creditors They must, as !
advised be paid in the of dividends. / redeem
the bills Of Ills Bank. Yours respectfully.
EDWARD A. WETMORE Recsiver.
At Baltimore, the market for money is very strn.
cent per month for the best signatures.
Gold was73as y cent, and exchange on New. York
rising.
At Cincinnati, Exchange on New-York was y
cent, and business very dull, without any marked
sringency in money.