Nebraska advertiser., 1857-09-17

Gratis 81, Know Nothings 9! Poor
Know Nothings, "a
Judge Curtis Of the q. S. Supreme
Court has resigned.
Ex-Governor Price Of New Jerseys
has broughtsuitin the New York Court
against S. P. Dewey and others, whom
he charges with defrauding him By a
fraudulent sale of his California prop
erty. Damages laid at only 100000,
1 The prevalent topic of the day in
the States, especially in the financial
world, is the suspension of the Soho
Life Insurance and Trust Company"
and the hundred and one consequent
smaller suspensions. and failures. We
scarcely find anexchange without the
account of some failure Or other at
tributableo to the suspension Of the
Trust Company and other connected
institutions, The following announce
ment from the President Of the Trust
Company we copy, and give it fol. what
It's worth:
OFFICE OF THRO. T. T. ST. Co..,
New YoRK, Aug. a. 81. 3
The unpleasant dutv has deyolyedl
upon me to state that this Company
has suspended payment. z This event
has mainly been brought about in con
sequence ofmaking loans here to par
ties who are unable to respond at this
times L would add, that the capital of
the Company, two millions, is sound
and reliable, exclusive of such loss
as may arise from insdfieiency Of Sc
curities pledged for loans laBove refer
redto. G.dSTETS0N Pres eat
e3 T9s1 Egdt ,tiE 9I3 81 du DI5dJ
There are many things connected
with this immense financial embarras-
ment which the shrewd business men
of the country cannot and viii not over
look. It is well known that the con
lceFn has no circulating notes and did
no Life Insurance sbusinessrnof late
years What henih has it been doing?
How has it been operating F? The N8aa
York Times Of Aug. 29ths in Writing
I1LHa ILL., JIM IftYLL ~ r.. fL-IL NA" AttAILaC
upon this subject, says; at d I'd bFfp
'NFhe nature Of the busikegs,in New
York where the 9priheipanC Cashier Of
the Company has been l5G4ted Since
The year 1870, was the charge Of tKe
Eastern accounts Of the Cincinnati Of
Gee, and Of its numerous bank and
banking correspondent in the State
of Ohio-to receive, and, when need
EG4,5 negotiate their remittance and
collections, and to pay theft clerks
PKe State Agency Of Ohio for the reg
istration, transfer and interest pay
ments of the Public Debt was also kept
in the office, though under the care Of
q separate State OGicer The trains
actions have for fifteen years pastibeen
extensive, and, to Western interests,
of an important character. The-de-
post balances in New York Have been
employed in common by the Cincin-
natl and New York offices; discount
ed th~eredpon, to partial extent, III
the West, andthe remainder loaned out
here by the Cashier, under advices of
a Sub-Board of Eastern Trustees. The
Capital of the Companyis 600,
chartered by the State Of Ohio in 1883,
restricted, for the greater part, to en-
ployment on bond and mortgage in
Ohio. The Banking Department has
at no time employed actively even a
4neiety of the Capital, though having
the whole as the basis7ef security f9f
its depositofs and Other dealers. The
bonds and Mortgages. are understood
to Be,of the best character, being on
real estate, as its value before the In
troduction1o of railway improvements in
Ohio, which have Ilquadrupled its tax
list. Some of thelloahs of 1.-THE Com
pany here HaFo-proved unfortunate
They have not only tied up the means
deposited here, but embarrassed the
credit Of the concern to an extent
which, in the absence of prompt relief
from collections or curtailment at
home, rendered the suspension to-day
a necessity.9 'Teda SO ama8 81 .
With all this plastering up of the
affair it is impossible to convince the
business world, that all has been con-
Quoted on the square. The whole truth
of the matter is, that the Trust Com
pany and its satellites have been too
closely associated with the Stock Gam
bling fraternity, who often fndit more
convenient to fa12or suspend than
to pay their9 losses or fulfil their
contracts, and we find quite a ,pre7a-
lent. opinion that the whole recent 5oc-
currenncse looks like, at least, 2 pree9n-
certBd-a purposely .arranred opera