The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-08-25

rifles Ok al kn:s mus acms dowztO slue-a5 tx thalT
eae value, and sdecsrsst The laasAon bseo shoy
sst.ne a and aussalnso 70 = suIprssns exssAs
The Allure OF the Ohio LIE sud -r,st Gov, suz hay
aiken tho sssss entirely by surpr.s No one d. saus OF
iG slc toe pubic locking s,r coI,apses snorg
rSroo Companies, they seemed tn iose sigh. az banking
ins,iu.ons We have 10. come irs pas. roreshsdowsd
tns result Of reckless banking frequently pointed
oaa iha danger oA1ios noasy 10, r,se, 4pon railroad
r1;vrees gas OHIO Life asd T-1s Oanpany Is a Ci,cin
zasi ccacets hsyrg branos 10 ea.s city II has beea In
operAsias good mAay yea.s snd hs. masassd 10 stg
sc aions tbraesn psnlcs anc hn F5Vls.ons 4 aas
ocen 10 tight place severi tigues, brt was CARRIED
ta'Sogn og snSFp aud salewo anauGevirk Its buanes
hSS oea psIn,ipsby "A eSohsates lad osn,Og money
I'll Gs,ee. OF eecur.es It's csp q 81 Oto COO snd the
bass was one 0. deposit not ISSUE lersiore Ia
60 ciFoast0a notes, ADJ ,he Ossrs vi. % oa,y auoag
sse who AaYs btn directly connected with ia burness
cyersiions tho 9abic at large bave escaped tbs time
1he ossss gin fall principally upon depastors ns
sInhsge operators between ms Eas ana ine Yves, we're
10 very large amount, AMI Loaers OF It's drsfs
VII sursr Tue direct oRnxe OF tue suspeas.on
vss III snangieutns with rstrosd companies ITS loans
90 railroad bcnds security amount 10 eco Ooc
AID sltcoC00 The largest line With The Cleveland
and Pis5urg Company aid 10 DO about t5cOt 90 Seyo
T.l other Ohio ral:oad companies have iOaus from sns
back 10 large aulenn Tie margins on these securiMes
hase -ua down so Faa TIA: tmpossto,e 70 keep up
WIN mem We have ia chs Allure the Digntlny effect
Of slOn SO enormous pasos Ia railroad credits All that
ala relation to tie fosnnass securi.
tes ~ ore ,tsp prove Tue re have ao 70. told half
he si'y There are ;ozepF other banks 40, far from
ali s.! Get not nsssh better haa lac 0h Lilo and Trust
Company With their large cap!as they md /, dilfoait
seGtezs the usaa! dividend aad have been obliged
10 ioan aesey largely 20 railroad companies Railroad
an Arax Ia raj Tor and
bey therefore considered very profitable customers
so they appeer I, be for snort time bu. In
the end prove 20 be very expensive We
mlei ocx oli sharp for al our banking Institutions.
Mary which q! tails momeat high 10 pablo
coopdeGes @e neTs shel, and aooaer or aiaf vii Uo~
in ,he same nsck Of ms Ohio Life sud Trust Company,
RAfo- b1 ads rs general thing, are bad enough, bat
Railroad stocks vii, prove nl,stcns that will drag them
ss.ysy down 20 rre;revsble ruin The cro5 OF bank
ts cosAFAny test Its ssyency, Tho market price
OF rsrcat stock among spectators 70 no criterion CT
rs T>s "a. s.ee Of the oho aie I'D Trust Company has
Tor moths Yss, ranged from 81 70 l02 per cent
fs~ dhyssnce declared ami paid the regular annual
dividend, aud ehave tue OF s failure
end tie closing or liz doors IRE whole community
s'su6pg uIo a perfect volcano re!a,os to STOCK
securities OF all sinds, and even those who oA1
little afford to lose, are among the last 70 &c warned
IN time. We can do no more For moths and
mcl.hs hsfe done 81 II oar power 10
nirce outrldo holders Of stock securities gcoers.y
ga and threw item rpor the spectators Of VAL
street, whsre mott q hsm originated We trust many
huIs OF thousands hays done Is aui ye. loo
late, bG he Only sse course q 10 DO 90 al once Las
week .ts Ohio lie and trust Company stock sod at %
per cept-t IL no, worth per cent On the 9Th
August Michigan Southern Railroad stock cold al 6S per
cert sold to day Al IS per n and is not worth hs
OF that Pennsy vspa Coal Company sod about t~o weeks
ego ~ ST. 30 per oeDi-;t sod to-day ., IS, All no
worth 80 per cels So they ~ 20 n their turn, a.!
will land tho bottom, 1T for nothing but tie brokers
the Stock Exchange 10 knock about Cor specui,loa.
TIE President Of the Ohio Life Insurance sai rras, Com
psDy ha, Issued the 70 lowing
Nsr Io"N, August "a, 1897,
The unpieAyaal duty hss Cevoivtd 10 slate taz.
this stopped payment This event hxS mainly
brought about Ia Of htshpg oA.s ts
aoi that t,@ Jil of the Company. two ulltns
.eupd reliable exclusive Of ruch loss srss from
tina nsuescJ CT securs pledged for loans Aooye referred
q. oTErSOS.
me Asshisni II essarer reports ,osay az icao~s:-
TOTAL Tcct ps. Sl.o oho :.
TOTAL "a, ments 10 ~ a.
lolsi tssrce IA etSvs' %
The ed statement exhibits tae average daily move
ncs IA the leading desrners Of the bake or this city
aorips the week preceding sssurJsy morning. Aug ~
1851 and for several preyioos weeks
Nxw YosN CiY BNSs.