The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-10-02
NEW YORK.
THI sTEunlH COUNTY RANK.
From the Sseuben Courier.


am nducea, D vie Of ne general distrast which ss
present pnmstaksbiy pefvsdes public through
sa inc ea,en, o. our o,uny naturally drecea Tor
and baiksFf generally than 70 oher perhaps vul
neiAble Int submit for consi ieraou through
columns few brief REMARKS and facts feel mpclied
10 the dscharge u this duty especially because t
appsrent there 10 tendency, limited In extent, uuss
and feroaps without evil intention, 70 draw an nvoious
distinction betweea the Of the safety fand
hanks and those exiting under the general bapkpg
ssa 8: S.1 ss s.S
! fssre. TO Ano~ ihst sh@s arc hose ooasso>sd with
panic stricken .bsmssves, sp.ss enough %
psro%sulss1,e and enlarge upon the suggestion.
y slS ..n. .nS van. VAN n0ps as sucn course
OF Others looking The fac; thai tneir claims greaer
public conadeDoe are based upon paper premises pay
their capital and deposited WIN pubic trustee Tor the uI
TINA security Of tho holder 10 bo reached onls In
osscy OF insolvency h mis- better security aak, 10 ihs
creditors OF bank than Ike amount nyosA In sooa
fouId business pper, based on The prcduct and ccm
perenced and horr., m,psssrs passSls and .yslsss a
short Intervals 70 meet the ordinary claim, upon bankf
spprehend ih1 VII Dol DO elsm,d 70 be By 'ne most
ardent admirers Of iho system Pest experiences
iaueot us thai 10 has fsldt happened lhAs he bill
boder, thus secured bss received from tals
eass Of securities NE per value of ,ne ls seldom
about eighty per cent, instances ,~ nfsy
per ceai a unoe', oeenons up5n the lines, the quann
upon the market rpe stcss Of ,bs s,ate nave rarsed
since ls4i from seventy up 70 hundred and tn,y
70 twenty two per cent ana back Al ae pfeioat lime
- ninety 10 ninety nse Suppose large qaan iy Of hese,
with IKE am, uni OF mortgages anoud DO thrown upon
Ae market II the present time. hos much bslo~ nney
per cent would the average fall question upon shioh
men experienced in onanoe wouid nos DO key 70 der.
design no, 10 sGsot by these remarks the credits
value of hese securities, which aob ~ledge good
Under ordnaxy oop m,ancss Al their f.cs but 70 eiac
dsts Tho slscy OF The claim that iboy are beittT
s,ssse .' sennd 5u,nes paper 10 The hands q opsoe
that security held In trust, rom nioh ~ least part
Of their claims bo Ultimately realized in Of
Torture resulting ffom lnproyideaoe roompcercy or e
hcnesy. rhe foopde Of the syslom had his In view
when was adopted. Tho roiny 10 desgped and useful
only poect The horest pre- sse dl,honesl
,buso and management rsiner Than 70 seosre Immeoi
ate hy 70 banss and availability 10 creditors, vhch
tbs 500 the only security provided by the laws OF our
state Tor the protection Of bank ediors eanh and every
s.ookhodsr 10 individually liable In amount equal The
stock held by bin. This sppes alike 70 ,oh Glasses OF
bsnis The most impor,apt port 70 be c,psidsred IN
umes like the present is--ho the sooh holdersrs
sn.rs old or pevars shey sxpsrepced and compe1nl-
are tbey honest and above ALL have taey large inieres
Ss,s ~. NJ 20 ss No
set The creditors have nothing 70 apprehsnd whore duty
and ha'm,ixc, men have always been found no
nest We have reports Of the failure of nineteen banks Of
this Hae wtnin the , uiry days Of the sixteen free
bsris have no knowledge Of her management, the
three has been vol known In nnsnoal circles for many
Yeas nMtscy have been badly Managed ara am pos die
5s s % ssys .s q. sa IN % % NE
The chsmSIs osn.i sst. me Yempsin. 6oan:
believe they have been prndelW managed and ~ this
moment are sbrndan good no, GNy of nrr hspinhcs
70 credofs, but for the value OF w ssook-qo;te ~
much 10 a. ary like nrmber bf free banks
In regard 10 this institution, with which nave been Of
&c sly connected since ~ nearly t~en
~ I'VE ycas-1 can spcat with certainty
Inc oan''Ai acsu'lv a ~ ma on~.-u ssrnep' slSo
oco. ne rarpas a. sianins our btoks and S~.~ny
held last ever ing h sis2 oTT-makirg s2T2, ,p1T
The available assess o the bark are az foows
Bills, nutes and dra ans discounted, fall pg due - -
eally, and al maturing within ninety dys.. s2l en y
Bonds and mortgages. IL ies 10
Cash en- hand, specie funds here and IN New
York and Albany. any....................s... SlIA ~
Due from ntrbborins banks coun balances. s43s 40
Mixing total OF apses amounting ......Ne7 ,s66 ts
WHOM sound and good II we're necessary would
not bcia,e 70 guarantee personally the ooieto up 70
ninety ave per cent on The gross amount
Liabilities - folio ga
Notes In circulation n sAme date, eA1, 40, less
lest notes. not aeen here for years, say - =
90 600. leaves In actual circulation fl36fo 90
Due supdry banks (colectcn balances D...... e@ IL
sStA'V W
Toal.. Slooyovs -
LEAVING bAapoe OF sssis Hsbipues 0 s27p SCI ~
There are twenty stockholders, OF whom three are
ladies, holins $500; the rcsidue slaS,ooo, hold ~
AI.,..a., ru.~~- .A,.x .r an. ,.~~. n.ur,u~ h,c..