New-York daily tribune., 1857-10-06

Effected Grsigsmehte for the yeSemI tos si tsem ~
Y cent. TIE Bs.es Ee received On sepos: 81 the
American Exchange and Metropolitan Banks a '
cent. II ls stated tnst the Stamford Bank h,s sur
Plus q $50 O0O a,d that the Directors are Determined
20 stske every dollar they are worth before II saaD
saspehd specis payment.
IhsrepOr, originating with Tie Eer-Jersey StIt'"el
ihst the State Bank at New.Brunswick, N. j., had
suspended is untrue. This is Of the Odest banks
in the State has already redeemed its bls in this city
and are sssured, is a. sound ar any bank in the
county.
There il 70 relief in the mOrey market, and mer-
chants are making fealfal sacrifices to sustain them
selves. In Cal loans there is but little dong and the
few time iegotiLtions made at very high rates.
In tbe discount houses paper goes shade more neey
than last week, but rates show no amehorshon. for
6Ist-clsss ndOrsed paper the quotations are - as
cert per month. The restricted discounts OF the
Banks forces large amounts of paper into the steeI,
while capitalists are unwilling buyers.
From St. Louis hear of the suspension OF Messrs
Cbs'esu, Harrison and Vale, and Messrs. Z. w.
Caik Brothers, both following the suspension oil as
sociate houses here, before announced The mercan-
tile failures announced here to-day are some SIX or
eight but none being Of prominent houses we refrain
from printing the names. Ii is constant cause oi
cOngraiulston and wonder in the street that so lew
failures occur and the fact is looked upon a. an evi-
depce Of the general soundness Of our merchants.
The Powell Bank of NewbuIga issued the follow
iBg notice Saturday
"Tbe Powell Bank will discontinue business from
this date IL affairs will De wound up with little
delay as possible. Bill holders and depositors need
have no apprehension that they will not be paid full
The capital of tne Bank, $1,000, l. unmpsired,
beside which there is a surplus OF about $lD OOo.
!" october g. 1851. HOMER RAMsDELL Presifent'
Upon this, Tie NewJu~gh AeSs of Saturday re-
ma-ks:
ct proper to say that the securities all de-
msnds by depOsitors, three dollars TO one, and the
bills are aroply secured by State stocks and other
sound securities deposited at the Bank Department at
Albany People holding the bills should not sacrifice
dollar upon them, as they are amply secured, and
our traders are taking them freely 10 trade. The
Highland Bank and the Bank Of Newburgh, as usual,
are taking the bills on deposit"
The circulation of the Powell Bank, according 10
the annual report Of the Superintendent of the Banking
Department. was t2l4, 30, protected as follows:
Bonds and Mortgages.. .....................s4lOSSB
New York Elves. Sso
NevYork SKIES IoO5x
Michigan sxes......'''''....'''''.''''''' lo'""
Total. rzlo,AO
On Friday evening, the Hudson River and Farmers
Bank, both Of Hudson, suspended specie payments.
The fret named was organized in 1855, with capital
of 5000 0OO and has circulation of $35 OO0 wholly
secured by New.York State SKIES. The latter dates
b.ck to 1889, and has capital Of 100000. Its cir
culation is $l56, ,4l6 secured as follows:
Bond. and Mortgage. sS@i @ sos
NewYork State eFses..................... 6ilO0
NewYork State Sizes. E,7ls
Michigan Sixes......... 1tVo
AIfsnsss ~OOo