The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-27

%
Trust department. 100 o3o oo
O.her resources 623n 90
To.. resources. ...,....... 81, SIS ,7es 50
Circulation .................... $1,000 90
Due hanks and bankers. 2hS 666 oS
Due individual deposors. ,3s, 223 o.
CONTINGENT fund, &c ACKNOWLEDGEMENTS. 478,6 IS
o'her haDiliues oIZ9Is %
Total liabilities ....................s26s,7 1903 50
SUSPENSION OF THE Trust COMPANY BANK.
from the Coium Qua t0bi y St,.esman august rs
viii DO seen by our 'eleg'aphc dispatches thai The
New Yo.k branch Of The Ohio Life aud Trust Company
Bark has suspended We have but one remark to MAKE
but It IL as expressive as voome. When the repuoli'
brought sad she bill TO make this bank the de-
posiory OF the SAFE scnos New York. the dem ,crss
proposed Al smendmen, requiring security IL was voted
down by the republicans. and me argument sgsinss Il
wa thai the money OF Ohio woad be safer 10 tnW bank
silhoci seca,ay than any where else with IT, Keep thai
before people advocating he sub treasury bill
THE oHILICorHR FALuREA
The fsnre OF Mr. Fraser, the great starch and wbs
key manufacturer in Cdilicolhe, is serious Mr.
antned 10 Mr. Enos Prs,her, OF Bonneville, Who had en-
dss bis PAGER 70 large amoaut Too GIze ststes that
Mr. has been employing "A immense 90 ptal, and hts
isoiiss reported 10 BIZ nal million OF dollars
The ex ess OF liabilities over assets will hardly be less
Than $50 600
ems Of The NJ Pfather Of ihe heaviest sndo
in the Scioto valley, tho had almost unlimited credit
the G irete puts Al 900 ABOVE his asses, II
says:-"Cbe whole efGif lie very unfortunate ons, and
wl seriously affect some of ihs BIS most sub, suia
citizens Of this and nrighboring countless" and aids
"By The suspension Of Mr. FH.er's works hundreds OF
poor lsbore wha dependent upon ther daily labor fw
the support OF and es thro sn GU, of
employ mert About two hundred OF these, to whom Me-
Fr.ser is Indebted, have asen possession Of the esxb
hmen to day, an expressed themselves deter ned to
away until they paid. We un iersiand t7st an nv
rangement being made to pay them of this afternoon
but Wheeler was done we have NJ, learned NJ the time
this u written
STOCK GAMBLING.
10 the Editors of The Albany Altar and Argus
read leaong article in the Albany argus tue Nou
surprise tae large trans 'cons that reported
daily sno you arrive q. the us that they
OF stock when the contracts 90 as due AZ have had
some experience the NeH York aosk Exchange, You
will allow me to contradict the statement AMI to inform
you that the into change Of differences 10 the settle
meD Of contracts lie exec ton to tue invarsbe custom
Of the pay in fell Of The price Of the stosk OF
then tran 'fe' from the seller 10 the buyer.
A may buy OF loo shares New York Central Railroad
stock al So 60 days credit does Ind venient
to for the stock may be the buyer aud In such
there Is DO necessity OF transfer but merely exchanging OF
checks; but such no> the custom They
lions. have rot met In the OF large contract
burness Of eight years at the board than tims
admire the aim you have In view t. check reckless spe
culstion. But In the Of ntemperance, legislative
Interference VIII be found i'm posent 70 suppress H. 10 my
opinion would increase the number Of irresponsible spe
culIJrs, and deter many houses Of reppectsb from
continuing In the business II has been ad that the pre-
zen, laws are made 70 protect rogIss and tho, 4 =. 's
enehtsns plan mot only to protect the honest from the
dishonest. bu. Of resulsn,s speculation within the
means and credit Of parties who engage in It,
The New York Stock Exchange s OF commits
sion brokers and SPECTATORS. The las; divided BE-
tween balls, or buyers, and bea, sellers The Ills
endeavor 10 enhance the price OF :ks while the bears
oepresb-two forces which may be cNm jared 70 the
uifogal end c,nt fetal nxnR BY the law Of supply and
demand The prices Of toe stock market
All comb nations either among bulls or bears sxsgre-
rated statements Of the for mer In regard 70 the value OF
stock or fAse reports Of over sue circulated BY the lat
tau rela v.lp ktrh s&~A alsko
party temporarily adv sn.age should be made punish
able by law but In the end neither contend against
zee oupa. .a cu the .d thew M
II rock they will rise. Tho bears have been said 10
be the cause OF tho present depression In he stock
property show that they are the ~ snts by which
Just price II liked on tecurtus warranted by intrinsic
value, and circumstances beyond the control Of bull
bear Both parties are apt 70 60 beyond just limi1-such
human nature To induce parties 10 buy stock at forty
per cent more than m value, by gArbed stemeut 70
Just value Injurious the rights Of Others when
the bears combine 10 sell the marke, down 10 ura
point The oocolu,ion hspe you will como for the
Legislature 10 kRalize all time contracts made In good
ai,h for ~ the Law stands commission house
Dot re,over Of bis principal unless the party he bought
the stock OF bad In bis name all the time during the
reSdepcy OF the cuntrsct The nissien house has
either pay the loss forfeit the priv eye Of the board
Th,is certainly gving premium 70 rAscality. W. B. C.
Fslros FALLS, Aug ~, 1857
The above comes 10 frsm q William street broker,
ceu Articles ,tocs gambling accomplishing the purpose
for winch they written the direction OF public Aen
ton 70 the existing evils aud the suggestion Of remedies
They have been widely pied, and have received the at
ieniion Of hose Interested in stock operations We only
desire make two criticisms upn W. b Q o aru
Gle BE says we are mistaken 10 sapp sins that contracts
often ted by pay lag differences instead OF deliver
Ing the stock The I'd urged by Us was that large pro
portion Of the sales merely noous or, In other
soak chen be makee the contract Now docs no, add
she reality OF the Transaction, when the day OF de-
liver, arve,, instead Of paying the die',noe he secs
int the Stock Exchange, or tho street. and buys and de-
lvers The stock Tho whole thing ss mere BET on tho
future value o. the ,toek
Much less ooss change the ce. ". when the time Of
delivery comes the seller turn purchaser AMI bar back
the sock and the parties exchange cocks as In the
pui by W B.c) That merely dodge for paying the
Some Of W b remarks are sensible and well Il ned
HIS suggestion ths, the true remedy 10 icsalzc time
our attention from other quarters scndble communca.
uons On this subsct uom practical meu, Who know What
they writing about, are quite welcome 10 columns
Ex .SIsAr1oS CA BANK DEyAuLTkR AT CHICAGO
Gaze OF sTsPHgs BsorsOs, yH, AND THE MI r.
CHANTS AND MECHANICS BANK.
Prom the Uniusgo Democrat, Avg "a
This case came up for examination 90 q Continuance
Hon Jas r. wcoi~orth, cross examined, continued
Am not prepared 10 what the practice Of The bank vas
~nh regard 10 the deposiu being len With Mr. Bronson
the discounts, when vas Presicert we're made In my
nsme but not depo,ie may have been that dr Bronson
certificates for dspout at arv, but never knew u,
ana thnE general tnnR, " Was not tnerACt, tne avs
counts mace In my name notes taken running ~ me-
the bark discounted paper ansr Mr. Bronson len ~ toe
Board Of Directors I'D NJ, pass resolution directing de-
pcsn 70 be made with with Mr. Bronsou; od no,
know that resolution passed directing that the dc
poeu be kept in Mr. Bronsons G ,ceserday; vas
done probably, 10 get ten per for loans
70 evade the usury lag OF the STATE; ! dont knov
any other motive; I do not kuov that another de-
sgn 70 evsde the collection Of sxes on
bills discounted; the bsnr, W be sure Of this
not done would be axed 20 three times their
capital; the disagreement between the bsux sui sr Brou
carly the directors controlled the bank; NJ
Bropson Did mol control the majority Of the stuck he hsd
$4,000 his father had 100, his brother o. 400 The
nominal stock OF The banx wac $4,000 the bank on.
gauised, think, uth 100000; Of the nrst meeting for
oretnirsuon present. Mr.. Bronson took stock
for bis father there seems 10 be SO 900 NJ stick
BY M Brousoo-t 600 his fathers aud $40 900 David
Bror'ons name; Of er yards Benz Y. shcrmans 5000
sssepeo 10 Mr. Bronson; did not know that one bali
o. DenBison sleek sslened 10 Mr. Bronson did not
hbow that tnere verbal agreement vith M Bronson
net the dep sits should be made bis name, and that
afterwards, lest n might be dsputsd, he requested u
might he paced IN writing my I'm preston n,,
trus done IN the beginning; the money OF the bank the
beginning think am no, poslive--wss lDsned 70 n,
Bronson, and by him lc~ned 70 tho on Vic; I not
80 hat tnn0~ L. IA