New-York daily tribune., 1857-10-01

Srsr suited 70 s Min, Ph lad ior .u-s .. ',,57''
Tue folOvir-; Nauas nave been thro"l oii te h-J'
The Bspk of / na, Ieparisyi'is Bank. md hao'i'"h
Esst spge BaLk Of this S'ats, aod the '""J'0se'
Dask, Conn. From the sonok Bark the s'Vio's "e
DAT the New. Ecgland Banks are s''h nfh' iDe
nest pn'avora1I1 sivices TO-DAY are ITO" '"'SSo'
vAsre the crss has at lsst struck ana Two VI ln''e
Sf The leading banking houses have suspended. IRON
PAilsde,pbis. Baltimore and the West We hear that
.,,a..,, s,s heeoinc quiet and the mercantile COM
nsss,y are adapting themselves to the changed order
~ Affairs The Baltimore and Philadelphia Banks are
dAcouxtipe more literally, and liabilities are settled by
.as,if;ed checks Here the Banks hsve aresdy acted
~ sr,e extent apOn the resolve oyesterday TO expand
- although they could not meet all the demands
Of their dealers have materially assisted the CONNER
~ community We hear Of no ne~ important mer-
saptile disasters although rumOrs were current OF
several A sale Of French Goods, amounting TO
1ls4, 600, made by Van Wyck, Towoshend d Warren,
which fell due yesterday, was promptly met to the
extent Of over $l90, 0,0O0-cerainly very favorable
symptom. Tue promptness with which the payments
q eur merchants are met is certainly most remarkable
u,1er the circumstance. Trade, however is quite
au smorg the jobbers and many descriptions Of goods
ase selling at q heavy loss. The stock carried over
vii probably be large, and the Spring inportatons
hit, eonsumms.ion most devouty to be wished.
he brokers are buying uncurrent money and domes-
10 exchange very spsrngly, and the amount OF the
ymer Offering in the street net 50 large as might De
sspeeted. Rates are too unsettled for quotation.
Land warrants entirely uusalable and have been
I'm some time past. Our city banks keep on the
ave. tenor Of their way ard feel abundanty able to
snstain themselves. Their specie reserve will be
yetiy increased in short time by the arrival of the
California steamer by the disbursements from the
Eab-Tfeasury, &c. The specie reported 10 be coming
by the Vanderbilt 100000, il coming at all s prob
ably IN doubioons for Havana; but the owners OF the
sAip here know nothing Of su,h an amount coming.
TIE Arsbis, it is thought, has come gold on board,
ordered out by parties here for the purchase of prod
nee. From Philadelphia haar that very extern
sive GOAL house has suspended payment, which had
% mfavorable effect upon Reading.
The Illinois Central Railroad pays its coupons to-
ssonow. The Milwaukee and Mississippi Road pays
% he First Mortgage Bonds bat defaults on its Income
Be,ds ard on its floating debt. Phe La Crosse and
Milwaukee Road was served with an injunction to-day,
ranted by Judge Peabody, to prevent the payment Of
the coupons due tomorrow what are called the
~serruption" bonds. The Pittsburgh, Fort Wayne
asa Chicago Road will pay if the Treasurer at Pitts
bsrgh has been able to obtain exchange on NewYork;
Nno, the Company will pay as soon as exchange can
10 obtained. The money is provided at Pittsburghto
meet the interest but the suspension of the Pittsburgh
lasks has embarrassed its transmission.
Advices from Chicago speak of crisis as prevailing
tAsse, and several failures had taken place.
We learn that, for day or two past the dealers In
Washington Market and some of the large retail
dry goods houses in this city have refused the bills
of the Jersey City and Hoboken Bsnks-in fsct, the
bs of all New Jersey Banks. This is the result, not
sf failure suspension of the banks in question: but
Of the general suspicion concerning all banks out OF
this State.
Al far O. the Jersey City and Hoboken Banks are
sneerned and all others in the State doing business
unaer the General Security Law the suspicion
which dictates a refusal Of their bills must find is
hirh in ignorance of the law under which they oper-
sts - the provisions Of that Law are such taat 1t
would be almost impossible for the bill holders to suf
kymuoh every Bank 10 fail to-day. The Banks
working under this law required to deposit with
" State Treasurer stocks Of the States OF VHgnis
kentucky and Massachusetts, or by special enact
,,s.t Jersey City water stock and Newark City Scrip,
10 the full amount Of their circulation. These stocks
s,s taken by the State Treasurer at their market
value and at any tme they should depreciate, the
banks are compelled by the law to make such depro-
cation good by the return of their bills Those stocks
srs further requires to produce per cent per annum.
We learn from Aelable source the following facts
relative to the se rites of the Jersey City Banks:
The Hudson 2 unity Bank has State Stocks and
Newark and ey City Bonds, worth $l35 OOO, to
seeure an outs ing circulation OF SWOO0.
The Bank ersey City has similar stocks and
bonds smouj to $99, 500, 10 secure S60 900 circu-
A6on. oo
The Mech and Traders Bank has $llS00
psisepally ewark and jersey City Bonds, against
80 0O0 cir ion.
This sh, margin in favor of the banks respec.
lively Of b0 81, ,5OO and s3s 900, an sggre-
rate Of bO in securities, in the hands of the State
Yse~ure guarantee a circulation OF $3.50 600
more tbs per cent excess of securities over circp-
n.ng Bs hes, to offset possible depreciation, which,
Aowever extremely small, that portion of the secu
riGie. oo ting of City Bonds-a large portion-beng
absolute guaranteed by bond and mortgage on the
vsa esta of Jersey City and Newark.
We at Ind list of such of the banks Of New.Jer-
10Y as Ae operating under this General Banking
Law" and for the ready detection of the bills
-ps such banks, would say that they differ from
those working under special charters, inasmuch as
every bill is countersisned by the State Treasurer.
1hsy are as follows;
Hudson County Bank, jersey City.
Mechanics and Traders, Jersey City.
Bsrsen County Bank, H.ckeuss5E.
Pss,ac County Bank Paterson.
Cataract a y Bank, Paterson.
rrenehtown Bank frenehtown
The Freehold Banking Company Freehold
A,s~T's N Bank, Trenton.
We aleNf\d through authentic sources thacthe
hsasehes of IN New State Bank Of Indiana viii stand
>-srm and continues 70 pay specie.
y The Coupons Of the.I LEONE Bonds Of the Madison
and Indianapolis RsircSd Company falling due on the
Let Of October will be paid by wiusow, Lanier & Co.
- and after that day. 1t is gratifying to learn that
tAe old Madison Road is Sustaining its credit in these
k~xfn