The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-11-19

Some OF the importing houses were pFppar-
ing for revival Of trade, and il was ru-
mored that some OF the banks would resume
specie payment at once. On the llth, there
was a heavy demand for discounts at the
banks at the first board, and an advance at
81, per cent. was offered for the New York
State loans. and also all advance on nearly
all the stock sold. The business wa, quite
large at the I'd board. They were iirmer
with good demand. H. Central bonds so >;
y. Y. Central ,0}i Reading &c; \. Y.
State skies Of 1868. l0.c.
On the eth, the tendency Of the money
market was still downward Cnexception-
able paper money was discounted AT and >
per cent. Sale OF new issue Of State
bonds were made at 81 o. in store. First
board active at an advance on whole line OF
from to per cent. The prices for stocks
ranged as follows: Michigan Southern
AL n. Y. Central IL; Erie l5i!
Cleveland and Toledo &c Hudson Ice;
La Crosse n Milwaukee :; Chicago * Il.
|. -; Reading 81 >.
The steamer Tennessee, from Vera Cruz.
arrived at New Orleans, on the 10th, with
half q million Of specie.
The steamship Cahawla, from New
York, sailed on the | tn, Tor New Orleans
and Havana, with S2j0000 in specie for
New Orleans, and 100000 for WALLER;
none for Havana.
The steamship Persia sailed from New
York. on the llth, for Liverpool, with GS
passengers and 100000 in specie.
The new loan Of the Michigan Central
Railroad Company is reported to have been
taken by Barring BROTHERS, at 20 cents.
The Goshen Bank, at Goshen, n. Y, was
robbed, on the night Of the llth, Of $40
600 in bills and about $500 in specie
No clue to the perpetrators has yet been
found
The Comptroller Of New York City ad-
verti~es for 100000 to form part of the
$4,000 appropriated by the Common
Council for the prosecution of the Central
Bank The work cannot continue until the
appropriation is rendered available by the
issue and sale Of these bonds
The Granite Bank Of Vallentown, Conn
has been enjoined by Judge BUTLER, Of the
Superior Court, and receiver appointed on
application of the Bank Commissioners. The
Commissioners are pursuing the investiga-
ton.
The Cincinnati Gazette. Of Monday, re-
marking upon the gradual accumulation Of
money in the banks of the country, says:
The improvement of which these feat
ures afford satisfactory evidence, must soon
lead to the adoption Of lower standard for
names at the discount houses. II will not
pay to keep money un' mployed and the &C.
cuinulaton of currency will therefore create
demand for paper, that will very soon
cover the usual range Of business. The Ohio,
Indiana, and Kentucky banks have with
drawn not far from eight millions of their
circulation since the failure Of the Trust Co.
This a. soon a. exchange settles down 10
the low point, towards which il i now tend.
ing, will be re-issued. The supply Of money
in the country awaiting a market is very
large and il cannot fail. when put into use,
"a il must be-, 10 produce plethora Of cap
ital'
The Philadelphia Press, commenting upon
the meeting of the Stakeholder Of the Bank
Of Pennsylvania, says:
g" il seemed 10 be conceded yesterday. he
yond question, that the whole capital Of the
Bank is sunk, and the shareholders seemed
relieved when they had brought Themselves
10 look the fact boldly in the face. II il i
TO be resusciated. it can only be done 10y new
subscriptions. and such a movement will now
scarcely succeed. in view of the tact that on
" about $500 600, or onc-siyth ot the whole
capital was voted Yesterday. We have said
that the note holders have no security. Tic
Bank IS at present working under the old
charter AMI though having some three years
since accepted the new charter under which
the stockholders are iabl. FOR the circulation
Of the Bank. that chart does no: 20 into
operation until the "a Monday in April neat,
The effect Of the acceptance Of the Relief law
while il will relieve the Bank from harra-s.
ing prosecutions will b. 10 bring upon il "a
SPEEDY commission from the Governor, and
perhaps summary Judgment of inter insol-
vency.'
The total capital Of the Bank is 81 800
600, a rather large sum 20 be distracted or
sunk by the Directors.
The Convention 81 Connecticut Banks adj
journed without taking any action upon The
subject Of SGfolk redemption A consider
able number OF the banks will probably e.
tabiish Clearing House in Hartford. Of
New Haven. and cutting Dose from III.
suffolk, make their redernptions in New York
at pr eDt discount
The Ban,,. Of Indiana maintain with sass