The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-07
The amount received during the third week of Oc-

AAC Gd4tuAolC uiOuCy ACb 10 AupAosAA8s uOOu
paper was in request, and money on call ranged from
to 1t per cent Exchange on New York was in
demand at per cent premium.
II having been decided that the Bowery Bank will
go into liquidation A. q. Bradford Esq. the late
cashier has retired FROM the Office of Receiver in fa
of John A. Stewart, Esq, the Secretary of the
United States Trust Company
The annexed statement is u summary of the assets
of the Island City Bank made to the Receiver of
that institution
Notes due .....................$ 201 573 OF
CONSISTING of three notes Of Timothy Carroll sloi oss
one a" John Guion. 100 325
" /" /" G. Wicderholr. $40. $50
Consisting Of three notes Of John Guon -. soso4
tive BROOKLYN Japan w'ks s,.i7
F" two G Hector. .....,..... 27,0lo
all . 242,sss
Seventeen worthless notes in attorneys hands 635s
Bills discounted, collaerals for loans at Bank of
Republic. 2l,1o5
Bills discounted, collaerais for loans held by WI
j. oBren ...................... 1881
Total notes no, due and protested .s575 2ss
large part of these are bogus and worthless.
The bank was organized with capital Of $500 ,000
There due depositor at the time the bank failed
sl26,s6s.
The Cincinnati money market is said to be very
gradually but steadily improving. Exchange
New York was in fair supply at per cent premium.
An active demand existed for money, but better
feeling prevailed with indications of returning con-
fdence.
The Cincinnati Gazette of the 5th inst. contains
the following important railroad intelligence
An application made yesterday morning in the
United States Circuit Court for the district of Indiana, be-
fore Judge Mclean by Messrs. Fuller, King King
tractors injunction against the Indiana and Illinois
strained from selling certain lands granted them BY the
Legislatures Of certain States, which are now being put
forty per cent of the purchase money be paid in the
stock OF the company and two cent IN cash The in
junction asked for was granted by the Court principally
the lands granted them by the several States for
other than construction purposes and that the sales of
of the original grants The Injunction was therefore
granted and the sale of the lands ordered stopped.
Judge Mclean delivered long decision at Cncin.
natl Ohio, ON Monday, in the United States Circuit
Court Of Indiana, upon a motion to appoint
cciyer for the New Albany and Salem Railroad Com
pany, in the case of Dow williamson Treasurer,
&C., against the New Albany and Salem Rail
road Company. The judge decided list. That
| a receiver need not be appointed simply be-
| cause there was default in the payment Of
| interest upon the bonds Of the company. The
law abhors a forfeiture, and would never enforce
one 3D. The fact that the company has paid all the
net earnings Saving the annual surplus) to quidae
It's noatinR ueDt, JUSTIFY the Souit III
hat this was misappcation Of the earnings; for,
that debt was contracted to finish the road. to
relay the track then il was beneficial 10 the bond
holders and all concerned 3D. That the Court would
not take the road out Of the hands Of the present
managers. for it was apparent that they had ma
mayed the road with fidelity and integrity. The
Court then made an order directing that in future
the net earnings of the road should he applied in
equal proportions to the payment of the floating
debt and the interest upon bonds.
The receipts at the Treasury of Georgia for the
wear ending goth Of October were s949 GIG, and the
expenditures SSH ,7s9, leaving balance Of s437,-
s26 in the treasury after meeting all expenses Of the
| State.
| The expenses Of the city government Of New Or.
leans for the year ended June L. 1857, are stated at
81 III and the receipts into the treasury for the
same time at 81 ,4lG,276, showing an excess Of in
49, being an increase Of ten millions 1856 The
consolidated city debt amounts 10 81 800 086 maur
| ing at various dates from 1858 to 1892. OF this
amount are GIL 900 OF railroad bonds The public
schools since the consolidation from 1852 TO July l.
| 1867, have cost the city 81, 054, $50.
| resolution has been passed by the Common Coun.
Gil Of st. Paul, directing the City Clerk to issue city
orders in sums Of from 81 10 $50, as a currency for
that section Of the country.
The annexed Is q statement of the circulation and
securities Of free banks OF Indiana that are winding
up and retiring their circulation
Hanks Circulation. .yecuyites Where redeemed