New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-03-24

OF the bills and notes discounted amc uniting to
$780, they found SAG 2lS resting principally upon
the responsibility of one individual, or drm residing
or doing business in New-YOrk City, which said firm
had become bankrupt and their paper gone to protest
Upon examination of the remaining portion of the
paper and assets Of the Bank it was found that only
$36 69 were in the opinion Of the undersigned good
and reliable. Under this view of the case and with
the concurrence of the officers of the Bank, it was
thought prudent and advisable to spply to the Court
for an Injunction and the appointment of receiver,
which was done the 29tn OF October, and Mr.
Stephen X. Rathbone was appointed by the Court to
that situation.
The receiver has thus far collected about $33 6OO
being about forty i4 cent on the circulation Of
the Bank.
st org hopes are entertained that such additions,
made to his col ectioDs, will save the public from any
considerable loss.
The undersigned found, upon an examination Of the
books Of the Bank, that the frat protest Of the paper
guaranteed by the parties 10 New York TO large
before stated took place the 22d of Octo
ber 1856 They also learned that hs President visited
New-York, and found the house hcpelessly bankrupt
and that he returned TO this city on the Doth On tue
9th appears by the transfer book the President,
Dire ctors ond Cashier permitted the transfer OF Gig
shares of the stock of the Bank from the parties then
holding it to other parties including 29 shares bought
by the Bank tself for the payment Of which Sill $50
Of the cash assets of the bank were used less ming
thereby the ability of the Bank to redeem just that
amount Of circulation As TO the validity and proplsty
Of such application of the assets of the Bank, at
such time and under such circumstances. with full
know ledge OF the utter wortblessnes of the stock of
the Bank there probably be but one opinion, and
therefore the undersigned do not feel 1t necessary to
give an expression to theirs.
The undersigned believe the Bank to have been
prcss y Iaged that instead Of acconm odating
the brsI ess community, where it was l,caied, and
where the Board Of Directors could ascertain the 70
sponsibiy of the paper discounted, their loans have
been mostly madetO parties residing abroad VINO nave
rovad IN he rresponsible the result which
as they believe total loss Of the capital stock OF the
Bank
D., Au.,;,a. Vi. Bos.onl NEw.Yosx, March q 1857
Since our sdvices Of 18th inst The money market "a.
improved somewhat but the stock market has not exhibited
ton Illinois Central shares have been very trihns The
decline in % os to Of
nominal stock Of the Company This measure OF which yet
which simple call of per share,
been adopted with view to make the nominal capital
teus. Of the proposed will be found below
The purchasers of stocks for home investment well
foreign account, have been equally unmportsnt
STATE have been active especially Missouri, Viz
,iDs and California bonds Missouri ha. advanced Il vIni,
ard Caornis 1910 and 1875 bonds without chance Small
sales Of Tennessee rs g. being II decline (hey
dem.nd Irdi.na s.: higher with sales at g.
City County BONDS without ga &c worthy OF note.
T1"d'ed extract Dse, stx Co. n Gsss 1851
There Il striking change to notice 10 market
Money easier week Nevertheless the
specie IN he Sub Treasury contribute the Stock
nui experiencing sensible improvement failure
importance foreign manufacturing trade has Also
some this branch The Quotations.
codine annexed table show but slight hactusonn The
the Illinois Central Railroad are an exception to the
Of the capital ',9ct Of the company p they
srocxsMssour Is continue very sctve and have
Ss dssIns Caiorpis r. Of 1915 and 1870 sfer having
fallen from to p cent, closed at 81 to g.