Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1857-10-07

stocks of Missouri Pennsylvania, Illinois, North Car
olina Tennessee and Virginia, in trust for various
Indian tribes All but $4,000 Of that amount has
been drawn from the treasury. The present time
was chosen for the investment in order to contribute
something toward the relief of the money market,
while $4,000 has thus been realized in the trans
action for the Indians.
From .Neao York.
New YoHk, Oct 3.-The steamer St. Louis will
take the place of the steamer Star of the West for
Aspnwa, but will not sail the 7th Of October.
E. w. Clark & Co., announce that the suspension
of Clark, Dodge & Co., will not interfere with their
business.
Nothing has been done in Wall Street since the
failure Of Clarke, Dodge & Co. Money is irregular.
Merchants notes generally have been promptly met
j. W. Clark & Co., brokers, have failed. There
is nothing new in financial affairs The merchants
generally have paid their notes due to-day, and there
has been less withdI awning of funds from the banks.
Affairs generally are better than yesterday.
The banks of Richmond continue to meet all their
obligations, and but for the fact that they refuse
to take the notes Of all of the Independent Banks
there would be no Inconvenience pressure felt in
the Richmond money market. We doubt whether
there is as large number of mercantile establish
ments in the Union, doing as extensive business,
which could have survived the throwing out of cir
cuation of SO large amount of available funds as
have the Richmond merchants, by the refusal of the
Banks of this city to receive the notes of the Inde
pendent Banks. As showing in a measure the
stability of Richmond merchants, may mention,
that for the last ten years there has not been
than two or three failures of any consequence in
this city.
But the crisis is now fast passing away. Some of
the Independent Banks, we hear will resume specie
payments in few days. So confidently is this ex-
pected that the notes of all Of them taken in
this city, at par, for goods of every description.
The run upon the banks of this city, sta
ted yesterday, has been quite limited. We hear of
one broker who brought on some $40, 900 dollars
worth of notes Of the Branch of the Exchange Bank
of this city, and demanded the specie. His notes
were promptly cashed-and this will be the result
in all similar cases. On the other hand we hear of
broker of this city who has offered to the Banks
the of large enount of specie in they
should desire it. But they feel perfectly able to meet
all their demands There will be no suspension in
Riohmond.-Rich. Enq
The money trouble in Wall-Street yesterday was
increased in the forenoon by the Boston failures of
the day before, and the meeting of merchants in
that City, which it was apprehen6cd might advise
suspension of the Banks. But there cause
shown in the sequel for this concern; the merchants
having taken decided stand in support of the spe-
Gle basis. There were two or three large failures
announced, the heaviest of which Mr.. Pierre
Chotean, long connected with the Missouri and Rocky
Mountain Fur trade. The Stock Board was again
depressed, and panic prices prevailed through the
day, closing lower most descriptions previously
reported Two Of the banks at Hudson in this State,
discredted; also, one in Massachusetts and
another in Vermont The Sub Treasury again made
large disbursements and more than supplies the de-
mand for Gold made upon the City from other quar-
ters The Banks discount as literally to their deal
ers as promised under the resolution of Tuesday,
and there is hopeful feeling in regard to the
heavy mercantile payments falling due this day.
The general Produce Markets were seriously de-
hxy< noa oof e.
terday. Flour was quite unsettled. having declined
25c.a75c., and in some cases much 81 per Dbl.
Yet the demand restricted. Cash buyers OBJ
tanned supplies at very low rates, including ordinary
state Flour at 81 25 per Dbl. In the usual way the
same quality ranged up to 81 65 per bbl.- Wheat
was more freely offered at reduction of about BE-
per bushel. The inquiry was tame. Corn was
scarce, and in request at slight improvement
Provisions were very dull Pork was decidedly
cheaper, and prices of other articles tended down.
wards. Cotton and Groceries heavy and lam
gnid. No remarkable change in Freghts.-Neao
York Times Oct. 8.
NORTH CAROLINA MoNEY-Many of our merchants
have evnced strange disposition, recently, to re-
fuse changing and sometimes Of receiving, the
bank notes Of North Carolina. As general thing
the bank notes of that State are as regards respon
sibity as good as gold! Take the leading banks
Of the State examine their history and condition,
and you will find them judicious, well managed and
thriving, anu IN our numoe OPINION nave not their
equals in reliability in the United States. We would
therefore, forewarn persons holding such notes. to
submit to no sacrifices North Carolina paper mon
ey is worth every dollar it demands upon its face
Petersburg Express.
And this from Petersburg Observation-Disclosures
burg, so much of whose material prosperity is based
upon North. Carolina wheat cotton, and tobacco
We thank the Express for its spirited vndicaton of
the soundness of North. Carolina currency.
-
a. The last Fayetteville Obseroer says, we
learn that the Neuse paper mill, near Raleigh has