The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-03

IN Tpneun Io.dsy ilcludo 100000 transferred 70
the rn Phusdelpbl. fer coinage dollars and quarter
oAsies
A. II E,colsy vill hold q special sale OF stocks and
oosds (salurdAyl, 81 Tx o'clock al me her
chant Exchange.
A H. Auller wll h0d hii regular sale Of SOCKS and
bonds 10 morrow ss,urdsy), 8. lax cciock ri the Ner
cnsnA' EIchspge
gae accounts FROM Pli.ssurg report the Bank on Pas-
burg .ul meeting all densnas upon In specie, md It's
dopOsis Increasing The brokers charge 10 per
par rund, currency. Tre Wyoming BSak, .; wilkes
barre, Ia also paying sill demsnds IN speoie.
Tns dividend declared ~ the New York and New IA
ven Railroad Company the "a o. February s, Of thrce
per cen. .seis capital sscs, will DO raid their office
demand. Afro, .he Interest," their bonds, due oc,o
bof /, will be paid 90 presentation
nis sisted Thai the Tatmes' sn5 Cize1i Bank or VII
hamburg, the xuIpeDzion OF which noticed yeser
day bad sle3 $50 dofo, and abort s227 900 dicoun
Cd paper It's possession aud that s225 900 n tho later Is
considered perfectly good. Depostors haze been assured
sh hey viii not lose ia The sIghsst degree, Rlhoaga
they nlsy have 10 wall short time for their money.
We are informed Ih, ,hs Bsnr OF British North America
and oher Canadian banks have ordered specie nom Egg
land In amount sell their exchange al present
rsna ard win begin 10 arrive In two three weeks
ghh move In the RICH. direction, and We hope tne
On he snnCuncorner o. lie failure o. The Farmers and
Uassax Bank o. Williamsburg, como Of The dcposisors
IN Inc savings Bank In Fourth atres became fshlened
not raswnE but their hank had broken Tsey accord
ugy crowded the bank and demanded psyncr, Of their
osposin rhey we're promptly paid, and the alarm
0bAied.
The merchants or Boston held meeting to-day 70 lake
lpso confederation The ss,e Of nnancsl Affairs the con.
cusoa 10 tina, tho hacks be sustained .,
all hsrsrds and 81 any sacrifices The resouuas- viii be
goand under the toics aphic head.
the steausalp Arabia, at this port Aum Liverpool this
morning, bzgs M IN rec days later The asancIAl
nnd commercial sccoups important, Tos London
YnoBOy market stringent, and quotations for coasos
show slrhi decline Tho rates OF interest ruled ~
= 8 ysg cent fer money. Tue markets for cotton AMI
brea ssssYs sore acilvc at better prices The poiucs
news Ia highly Interesting.
We arc requested by Mr.. Andrew C,rrigsu Receiver or
the nechanlc Banking Association n state the, Monday
nex, ocsober g. The isi dsy slored to depsinrs sai
others hs7rr claims sFrinst that lnyiuuou In ~hcn
Gle their o.ns with him. IN order 10 enlte Them 10 the
ORD dividend.
uAs ever occurred 10 shoSe Who furnish The means 10
ru,a reads, Who do 90 from desire 10 reap beuca,
from thsr completion and operation, either from .he
profits Of the Of tbs ROAD or through oner lesu
nse channels, ha, the faults Of our system ara not al
ai,rIbutabe 10 incompetent operatives bu that the xrcs
mistake IL Ia The creation OF the governing poSerf II
contemplated road 10 needed there will be funds enough
rurpished By hoHs interested In 10 completion, and By
those Who vii rts In II good lnveatmcn 10 commence
and complete a. without the interpretation Of any eSrscrd
nary npapcs ability then LEI the stockholders hold their
own meetings monthly, quarterly, scmiADDusiJ or An
nusIly-ss they may oeen necessary, (snoh they are
always now rupposcd 10 do) elect their officers pre-
nobs their psas for the future, and express their ~
provsl or disspprovsl or their ach during the IA"
board cf directors, under present plan are eeced W
the stockholders, who resign all and interest 10 hsr
property 10 their hands and look tnem 10 manage the
road In All u details one, two or TIRES members invs-
abiy control The appointments direct the general policy,
TOO oisen attempt direction Of the practical operations,
and entirely control the conccrn the others merely
acqusscns ,abT, Of their ignorance Of mat
lers ~hich require an intimate acquaintance with TO
thorss them 70 assume position Of direction sud control
Now n error, Ia management made, Iadlviu are
ezncbed shrcrsh their connection with companies, ucos