New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-08
Ranks on the 18th OF November we're az follows:
Totsl,."....s IaSOs,es s1s1isl s4las,s7i sio1s,se
As compared with the report Of the previous week,
fha yasnlts are az follows:


The Ner-Orleans P,cayane Of the evening Of the
18th Of November says:
'.Notbipg worthy Of note has trenspired in money
matters The demand for paper ID limited, and at
higher rates. than sellers generally choose 10 accept
Some trifing negotiations were made at az u cent
"Tbe exchange market fat aud droOpog.
SteIrg has receded to 1881 GlO44 though 10 40 ex-
ceptona case higher rate was paid for direct remit
tapce Buyers moreover, declined to operate unless
at further reduction. Some frs..clsss Ffsncs were
sold at ST. sic. We quote the extreme rsuge down
70 5f75. Sight Newly ork foil off to u cent dis
count atwbeh moderate business was done. Three
days five dave and ten days sight sold a, II, 30
81 cent discount. The banks are checking at
y cent"
At Cincinnati the market for NeT-York Exchange
was again dull and heavy. The rates for BANKERS
checks are prem Outside the transactions were
Chiefly at II, and az bankers not free buyers a.
over ], the local demand will be chiefly supplied by
privste drawers.
The Baltimore Patriot Of Friday says:
Finan ,ia affairs are if anything, moe string nt,
and the demand for money here aud elsewhere is in
cressng, while capitalists observe greater caution.
We are not in the habit of noticing business mister
tunes or Of publishing the names of those who sui or
in this way. but the following card has been given
publicity by its author, we insert it:
"a sense Of duty my creditor. having my deep resre
rendered necessary that should suspend paym-nt deem l.
proper state that my dcutle' have ARISEN from my icdi
siausl business alone add that my MO house MaIwsl We,
CO. have no connection g ssT CLINTON
There are but few who viii not deeply regret tbs
necessity which compelled this course the part of
Mr.. Wright, q gentleman whose honorable position
and high standing as merchant never has been, and
Ne believe, never will be doubted
As an act of Justice to Mr.. Edwin Ludlow, who has
been asssiled in card published by Me. SAtson a.
Cincinnati we give place to the annexed extract from
Tas Express which states the oher side OF the mat
tiers in controversy We have desire to 90 into tue
merits Of the controversy, but know thai Mr Lud-
low processes his ability to meet and refu.e all the
changes of the President and learn that he Is sus
fained by portion Of the assignees. The following is
The article from The Express:
The publication of Mr.. Charles Stetson Of Cincin.
natl seainst the New York cashier Of the Ohis Lite
n Trust Company, attracts some attention. IL ls
gar of Mr. Stetson Of Cincinnati, the President upon
Mr.. Ludlow the New.York osshier-ratser private
than public war-and yet il greatly interests the put
h 10 consequence Of the enormous interests Involved
Mr.. Stetson, among other specifications makes the
following:
wholly owing the upsutaOT'ed and disastrous tFan'a'
In Ii. ds.nss With aud to- til. Cleveland
end rSus R.IsS Company to aid , IL tie competition OF
In spseusoO. hi. account IL TIE stock Of this
@ SSs s T. s ss 3, S
collateral authorized loans made by him In New YORK
e@ :iens ' VIZ i1' iss be Of sS.ofs tie
entire capital Of the Comparative milfos' Of dollars
Now oil this reads very we'll, but Mr.. Ludlow had
the authority OF the Company for his general Of
business as viii be seen by the following letter:
ONO Lrffs sI Issv..scr AID Tsvsr CO..
CINCINNATI, Dec Hls"
An authorized by the Board Trustee. of . Company
th.s and all .b tis. incurred b Ed"ia Lia
% :. % :, ssi. n... pa ssd 20 the full
sa''n' any 's'A AS sg. RpscsTEy T ysS President
The Pittsburgh affair was especially authorized by
The Trustees Of the Ohio Life and trust Co, which
gave the Pittsburgh road credit Of $50 900 $500,
60o two years ago, taking their notes at H. Is aud
The purchases Of stock were made by the Cashier,
rs stated and for the benefit Of the Company which
vented new capital and attempted the policy of put.
Sing its stock at premium where migion OF new
also for this purpose but the whole concern came TO
On end before the stock could be sold. The whole
thing was upon borrowed money; the Cincinnati
sfice loaned on New York, aud tue New-fork oth 70
did the best il could. IL is understood hat the late
Cashier had dead weight of 500 900 left him by his
predecessor, equal TO one third of the capital
Mr.. Stetson has his statement omitted to give an
account OF the home Office under his Management.
The history Of the Company can never be complete
until this given and the sooner it comes the better.
The stockholders will find il bad enough, but the
odum OF the management viii have 10 be borne BY
the whole body Of Trustees, who were well aware OF
the hazardous e1pedients OF the Company, and who
largely profted by them. Mr. Stetson' csrd 10 order
10 ihiow ell the burden upon New York IL sho w to
be vslueess by the letter We publish above.
The sdvices by the Baltic indicate that the London
Money market lie shaping much a. our market did
after the suspension Of the Bake. Coasos uader q
rood demand from the public, had sdvsuoed I, 80 d
sou Money on the Stock Exchspge was easier, and
had bee, loar Cd O. Low ss 5S6 y cent. The decline
IN Cotton WAS arrested, and Bresdstufs we're i'm
vsovins The inquiry for money at the Bank was sso
lalrse of. There he'd been some important falarss
and on TIE Continent the eosnsrcil distress was sx