New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-31

We learn that ues-rs WiuslOg, Ian er y o., WI
pay for tie honor Of the drawers, the unpaid drafts OF
the Bark Of Marietta ONO, or the Ohio Life lnsur-
ace Company in this city.
Parties holding drafts of the Central Bank, Peoria
lllnoi', on John Thompson are requested to present
the same for payment 10 Lucas, Turner 4 Co., No. IL
| Wall street.
The transfer books OF the stocks ard bonds Of the
State Of Illinois will be hereafter kept al the banking
house Of Messrs. Ketchum Howe Co., No 45 VII
liam street.
On the lst Of September the Ia Crosse and AL-
waukee Railroad Company will pay the Interest Ceu-
pons due that day the bonds Of the Milwaukee and
Watertown Railroad Company, and Bonds OF the City
Of Milwaukee Issued TO the La Crosse and Milwaukee
Railroad Company.
Mr.. Ludlow, Cashier of the Ohio Life and Trust
Company was arrested To- day upon complaint Of the
Merchants and Mechanics Bank Of Wheeling and
also at the instance OF the Manufacturers and Farm
els' Bank Of Virginia In the former case the recov
cry is sought Of of money received in the ussa
course Of business, and deposited, with other funds
under the specific advice OF the President OF the Ohio
Life and Trust Company ard the Eastern Trustees
on Mondoy last. Upon this complaint Mr.. Ludlow
was discharged upon his own recognizance. In the
latter case it appears thst the Cashier of the Manu-
facturers' Bank borrowed OF The Trust Company
$4,000 hypotheccted Virginia Bonds which, in the
course of bu,ness, were used ss colsteral BY the
Trust Company. Az tic Cashier has since made va.
Iious emittances his general account, IN al equal
to bic loan on the Bonds he claims their return. on
this complaint Mr. Ludlow also discharged Or bis
own recogDizance. In the opinion Of commercial law
yers and Of the counsel employed by othe parties
having claims against the Trust Company, this at
tempt to obtain preference by so unusual course
against the Cashier for strictly official act, will not
| lie successful
TIE appointment Of Receiver for the Ohio Trust
| Company has been referred to Mr. Vim. {. Russell.
Mr.. +. A. Lane, joined with Mr. Booth, President Of
the American Exchange Bank will probe. ho an.
| pointed.
Messrs. Duncan, Sherman 4 Go. will pay the inter.
est on the = cent Bonds of the City of Keoluk,
issued to the keokuk, Mount PIE Asant and Muscatine
Railroad Company.
The interest due on the t pro1 by the La Crosse
Railroad Company will be. paid at the office Vi the
Company in this city
The Chicago cores ponSent of Tie Nerark Afrer-
tser says:
The aIsbeoib ng topic of conversation in our city
ytst now IS 'h' assignment of Mr. VIM. Il. Ogden,
"o nus poeH Get Gown asand undoubtedly Is still
lLe IlGhssl ian in the West. His embanassments are
ron ue "a Railroad to meet its payments promptly
ne " .ng President Of that road, and endorser on
I.n eight hundred thousand dollars of its paper
IL is only temporary affair, and as Mr. Ogden
can realize the cash on a portiol OF the immense
, property which he holds, everything will be made
straight. His wealth is variousy estimated, but it is
believed be Is worth not less than two and hall NIL
| lions.
| Tie Nt,rark Daily Advertiser of Yesterday says:
Reports have been circulated that the Newark City
Bank is exposed to loss by the failure Of Mr.. John
| Thou pson OF New-York. This Bank held check of
| Mr.. 1hOmpsou's on the American Exchange Bank for
so geo, which before his failure deposited in that
bank and duly passed TO credit. Although the New
York institution may attempt to escape the liability,
we co not perceive how according to the facts as We
understt nd Them il will be able to do so. But what
ever may be the result of any legal controversy if any
hould occur it is certain that the soundness of the
city bank be affected, its surplus already
| more than double the amount of the Gum involved.
Tie Utica HcroH of yesterday makes the following
statement relative to the affairs Of the Ontario Bank Of
| that city
1t becomes duty to record the fact tina: Deputy
| Sheriff George Klinck yesterday morning made levy
CT the Ontario Bank and took possession of the specie
u the Bei k, amounting to over 81 &C., and of about
sl3 500 of the bills of the institution. The levy
| made under judgment obtained by ii. a. johnson
| & Co. Of New-Y6lk for sI256O Gl The suit was
based certificates of deposit held by the plaintiff,
and which the President refused TO pay, An answer
was put in in the usual form for individuals but it
that more than this Is requisite on the part OF
| eyed corporation The law on this point is Of
much mon ent under the circumstances that we quote
the section. II il section of chapter 2!6, Laws Of
| 1919, ard Is a. follows:
AFTER tie expiration Of twenty days from I'M s'ry Of any
summon, PLANT declaration, proceeding for the
coyty OF d,mand sgain any corporation association
iy exceeding hundred dollars eou;aed after the first day
d h % s to enter . aidef I re for
iudgn upon ug such complaint other proceeding with
corporation q a..oson and judgment snail be rendered
thereon r such demand with interests nd costs whether
9th hoe
eek where uch ud.mri, might be entered srantd by
ice Of the SupIcnc Court County Judge that the entry Of
such JUDGMENT stayed until the issue joined 70 be Joined
without proof by affidavit to the sii,iaos Of such Judge that
the de such uit ha, good defense the merit. 20
10Th IN such sfdas.3
No such affidavit was made, nor was an order for
the stay Of proceedings asked for during the twenty
dave ard at the end Of that time judgment wa. taken,
and the levy made, as We have stated.
OF course the announcement struck the street with
astonshment, aud no one was more surprised at the
| levy than Mr. Johnson who expected that the suit
| would 20 g. trial in due course. Application was
| made 10 judge Bacon TO stay proceedings He gave
an order to show why the Judgment should not
be set aside and stsying proceedings till that order
should be returned aud decided The order is return
able before Judge Bacon this morning.
The money levied upon by the Sderf remaiI 10 his
| possession until the argument before Judge Bacon,
ard Dc cison whether riot the judgment shall stand.
II is understood OTHER SUITE also Are IN progress
| against the BiLk.
Rumors irdustIlousy circulated yesterday that
our banks refused the old Issue Of Ontario bills but
| on INQUIRY at tie bsDk; We found them incorrect
As matter Of public interest, and the only otical
statement we have been able t. obtain Of the condition
of hi. Bank, we publish the annexed affidavit m sde
by tie President before the ASSESSOR Ii will sur
prise those gu, Of the Bank Who supposed they under
itcod best s afairs Tie record will cause regret in
sI business circles The loss Of $500 900 Is which
carLot fail be iee ply and generally fel Mr. John
| sons affidavit il az follows:
Stqte Of Ncio IJk County Of oneida D-Alexindey B.
IirsOn being iuly that and is
orcapl-on about he Jet Of January 1885 has bn ~ Pres