The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-10-01

Per 100 acres, 20 cts r5 eta
" 100 = so .
" ~ " 90 q,
In reference 10 the recent failure in Du
buquc, the Eip,es, 4 Iieyah. Of Wc,lnes
day, says.
The Suspension Of Heron Bros, bankers of
this city, was nbnonced on Friday. the 18th in
slant, and created no little surprise, although /,
7 ssv-anJ~ n thxt FOR sumo tIGi6 previous Their
drafts upon Their correspondents In New York
had been disbonored. and returned under pro
test htiii their failure was unexpected.
They, We believe, attribute the real cause Of
their present embarrassment 10 the general
dtingency oil the money market, both here and
elsewhere, and the inability or refusal OF their
New York correspondents Ia honor their over
drsitn together with tho suspension Of u Bank.
ing House In Galcna, through whom, directly
or Indirectly, they were about negotiating
temporary loan
We presume that time Ia all that IL required
To put them npop their feet again.
The Chicago Demoera contains the fol-
lowing
Our money market continues unusually strin
gent, and rates ~ exchange on New York are
higher. We hear on Saturday aud Monday, OF
some Of our bankers and brokers selling to
outsiders att per cent Gold MAS selling at Z
dfG per cent with considerable demand for
small parcels We bsar of one assignment of
a large house to-day, with liabilities amounting
10 tljo, 0O0 aud assets fD5, 600
IN regard to The condition Of the New
York money market the tell graph also has
tue following
..- NAw foHs, sept. II.
Money fully a. stringent as last week, not
withdrawing the banks discounted 90 the n
extent ~ their means. Stocks were eonse.
qnentiy unusually depre ssed, and some Tell
largely, tIst class endorsed paper sold in
the streets at The rate 81 and IL. and single
name bills for II and 30. Tho abnouDc ement OF
heavy failures IN Philadelphia added to the de
preston.
Mr. JONI WoorjY proprietor Of the
i'ank OF the Capitol, indianapolis, Ind,
iailcd on the ith instant. The circulation
Of the bank is small and IL secured by the
deposit IT state stocks
The liabilities Of thc Citizxss Bank OF
Cincinnati are stated at Si6J, j32. and the
assets al S9s, ilo.
The suspension Of Cu,nrs~ II. Nuts a
Co, dry goods dealers at Boston, has been
announced by telegraph MesSrs. TyrEy &
WITH. shoe dcalcar., Of Rochester, \. Y.
failed on Tuesday,
We hear that the EIIenvillc New York;
Glass Company, an institution which has
always hitherto hal the hest business char
actcr, has suspended. The Company is sad
to M indebted Ia the liugucnot Bank
about $4,000.
Private dispatches to our bankers yestcr
DAY evening cautioned them not TO buy
the notes of the Yates County Bank New
York.
The telegraph from New York, on the
Goth says
The weekly bank statements show an IN
crease OF specie Of 81 .SIt,S2p, an ! u decrease
IN loans Of u los. Isl, In circulation OF 81 tsJ.
rs. and in deposits Of t6i5,s0a. The total
specie on hand Ia 81, $50, ls6.
There must lc an error in these figures
The last specie reserve was Sl3o96. 30S.
which would give m increase Of Sl59. ssl &.
taking Si3,556is6 as the present reserve
There is AN error in these latter figures, or
in the increase given above.