New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-08
s2oe,672 O2

surplus. p<oe,o'< w
They propose receiving checks from depositors in
payment of any indebtedness against them the depos
o,s; they will alec receive their certificates of de-
pos for sums not exceeding $500 each, in payment of
any notes they may hold.
From The Cincinnati Gazette, Oct s.
The Committee appointed by the late meeting Of the
creditors of the Ohio Life and Trust Company, had
consultation yesterday morning and prepared COM
muDication to the Trustees OF the Trust Company In
which they stated the manner OF their appointment
and demanded, first copy Of the deed Of assignment
secondly detailed statement Of the nature Of the
TETS and their probable value; thirdly, the amount
and value of the present liabilities of the Company,
and fouihy to inspect the books of records and &C
counts OF the Company, and what was the nature and
amount of assets and liabilities of said Company at
Cincinnati on the day they suspended, and what dis
position has been made OF said assets. The Commit
tee ask for carly response TO their communication,
which, when received, will be read before an adourned
meeting of the creditors. We learn that the Commit
tee by invitation met the Trustees In person yester
day, and from what passed between them and the
Trustees, are satisfied that full and fair exhibit as
requested will be mace by the Board in a few days.
The day and the week was commenced in Third
street by the suspension of Messrs. Dunlevy, Drake
& Co., bankers. crowd was collected during the
forenoon in the streets 10 the banking house
but there excitement, from the fact that the
city liabilities Of the firm are very small. In financial
circles the suspension was not unexpected though re-
gsded necessary and it did not tend to materially
disturb pubc confidence. Since the failure Of At
wood g. Co., the operations Of Dunleyy, Drake 4 Co.
have been steadily curtailed-the members of the
firm desiring to suspend aud settle with creditors,
rather than run the risk Of transactng business at
present. The total liabilities are not more than
500 coo, ard these, with the exception of about
$40, 0G0, are out Of the city. The firm owns sufi
cent amount of irst-eass mortgage paper aside from
other assets, to pay in fall its liabilities. For dis
counted paper, checks on the firm will be received.
The result Of Saturdays business had favorable
effect generally to day, and, although the surface did
not afford evidence OF any material improvement tue
movements Of the day indicated better feeling
at the bottom. If we not liable TO be affected
by further revsrses at the East, We might hope
that the crisis has culmoated but everything
for the present depends on the seaboard markets
With favorable sdyces from the latter, the West
would make decided progress in the right direction
during the current week.
New-Yoik Exchange declined | = cent to-day,
closing at q cent premium for bankers checks and
3a3s for private signatures. This is not attributable
we believe TO a falling of in demand or an increase
of supply for the latter is still inadequate to the for
mer but the force Of public opinion which is bearing
heavily in certain quarters, il TO be credited for this
charge. The current rate for Philadelphia and .u-
| more drafts remains at , Z cent premium.