The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-09-23


Virginia Ss SecIsed psr cent; New York Central e's,
Q; ssrA Bark, u Dss ware aud hudson, Vi Pacific sail
aesmshia Company. ]; Pennsylvania Coal Company, x;
Chicago and Rock Island, 4 Ero sdvauced Y per cent;
cleveland and Toledo, h; Ne York IentrA, Y, Reading,
/; Cumberland, V; Missouri IS, T.
1he Assistant treasurer reports 70 day ~ folloys.-
r To's, reoSipN; sdsloIS ~
lo'A psy lSAsn8 %
lo'A pa IuOs5,soos %
Mr. A. Nioolsy viii hold . special auction sale Of
uocks and bonds 70 morrow, wednesday, 1t l2H
o'clock, ss the Merchants Exchange.
Mr. 8 Drapers public sale OF bonds and mortgages viii
take place 70 morrow, wednesday, at lax pollock, al
the kerchsn.s Exchange.
II. Murer will hold niz weekly suction sale of stocks
and b,ncs 'omrrow, (wednesday3 atlak O'Clock, At
the Mer. hAnts Exchange.
Messra Robert Patterson Co, Of Philadelphia, ez.oa-
sive dealers In sugr have failed. Their liabilities
very lnrge The failure wIn have q bad er,ct 10 New
Orleans.
The surpensop OF xessrs. Jsmes X Mills Il Co., Of BIS
ton, may jasty be regarded Significant and alAT
ing feature Of Tho mex This house stood aoo1 par
with A. & A. Lawrence Co., and was one OF tho very
Arft in rank Of Nes England trms The idea which
first prevalent that the trouble In nDa cia matters
limited and local confined to Wall street and tho rail
roadsis becoming dsspad In the plain appearance or
widespread and II may be, general catastrophe The
New Ersland mills very generally running half
time, preparing TO adopt that OF comparative
safety and relief Those familiar with manufacturing know
how significant fact is is Nothing but the moet mperi
erIi, psoessiy could compel The manufacturers
sdop it. In itself Ia frsughi with Inconvenience, ds
mage End loss The best Of the help will naturally retire
from y corcern which works only half time M,chi
merry sa'ionny without expensive oiling, Rubbing and
care, becomes seriously damaged and impaired In
value Hence he strong desire OF ,ufscturers which
nothing but IN periouz and absolute nocesxlsy
cor g. 10 keep their machinery Ia regular and constant
operation The failure OF such firms ~ Philip Allen q
ssas Of Providence, James Mills 90, Of Boston, and
10 On, changing the mild sheet lightning OF fortnight
since In the espec. OF ne general and .errhc thuDder
s.oru. LAT all who may be prudenI and st,nd from
under
The following list Of names for directors the Michigan
Southern Railroad Company has been put forth by several
large holde OF proxies and the attention Of stockholders
generally 10 called ton
MICHIGAN SOUTHERN AND NcRrHsRs INDIANA RAILROAD Con-
The proxies who hive been appointed BY largo num-
be- Of OF tho Michigan sosthern aad Northern
reisns Railroad Company, 10 vote for directors at the
1s instant inform stockholders and pardes Interested
that they propose the following names from which TO So
lsct ne~ board o. di,eo o ssoala any oon,ioA1 hs
meeting II will be he endeavor from the whole number
male selection which viii best promote The Interest Of
John b Jervs. New York; Samuel W. Comssock, do;
Robt n. oiy phsn', do Jons han Ransom, DO Aoresr
George Bles, Spring Mass: John aasee Bath, Y;
Ed~ ard Burlington Rome, N. Y; VIII am WAoot, Utica,
II ss:e' sFs.a' y Navel. .n
John Knower, Albany, n Y; John g. Miles, Indiana;
John 5. BArry, Michigan; Amasa Stone, Jr., Ohio
s.W. COa5r0K,
snr1. 81, 1851. r. N. oIYPdASl.
rae following communication in relation to movement
going On city banks In relation to the deross
OF country banks may attract attention 10 very import
matter The country bankshsve In their power 70
establish Of their Ia ,ns city to do their
own bullnesss-
To Ir EDuo. OF rHr HnAlo
Nsw YosK, Sept 1s, 1887.
observe an pice In the money column Of Vail street
PAPER, stating that sere GOV 10 circulation amoss me
Daakt circular or an asrecment 10 stop alosng Interest
on 6eposiu made by all Individuals o. associations Nv,
| AsH this jas1 should sn,ry baaKs be forced
into The extremity OF kcopinS large snouna % deposh
vi. out rSoes,s s'sn ,or aS .ss,
trey require hen 10 keep without in.eres While tney
receive per cena Do The banks tafe advantage OF ths
ie mas nso Ihnk would pc policy for all our oo1nry
bank. TO etaolrn "Barsing Agenc7 here, for the 70
den on their ency and 10 eraS upon ani lei their
Surplus oui on shorl call loans smat course Is 70
pursued by the New England bank, and shy Dol BY the
country banks oftris State. JUsFios
Tho ~ Louis Irtet,oenco OF Friday publishes tho follow
ipg m the leading article for the tay;-
Cots COMING REIB We learn from very good
sour - large anoont VI coin s on ~ ~ay 20 ibis
CITY, srd vii arrive next week--s much larger ameuns
indeed than the PVT have heretofore had reason 10 sup
tese We hear Of shipments to lhs city Of some very
inree amounts private account. which will sg III TIE
gruts amor Ut no hand by million dollars. We
learn ths the payments from ths sub Irosury ns
point no~, and viii DO quite heavy during tno
ne1,snty days-the large movements OF troops 70 our Se
ern frontier and hcr maintenance there giving occasion
. very hesvy outlay, x ae o sns so on. .' u
the sab.reasury Louis furnishes some idea Of the
amou nj that n heads OF departing suppose viii DO need
cd for wc,iern expenditure he dron'semcn y
In n Louis and Missouri, thence rapidly finding s way
into 81 Lofts rnot fail 10 give great strength TO iha
business o. osf sy sna p,Sve ,ecpep9 sosm from the
fluctuations that may eject other Western BANKS
The Chemical Bar has declared semi annual dividend
Of ,x Ter cent, payable on the LIST Of October
me proposed meeting OF the stockholders and bond
holders OF me Nes Yok and Erie Railroad Company hav-
ing In view shs spproahi election, vii be held so-
morrow nj one O'Clock, 81 No 10 Broad street, inssead OF
~ Pioe suees, - ., nrss proposed
Tho Phi adelphla, wilmington and Baltimore Railroad
Company has paid or w ooauns debt, and declared
dividend Of two per cent the stock for the iss rx
months This road 10, We believe, operated under The
consrsct system
ne.srs smssd, Collard q Hughes, propriesor Of the
Ctzsrs bank Of Cnoinrat GRE the following statement
Of lneIr saAirss-
Bonds and stocka. lVo,I1 ~
Real estate Of the arm and individual mcm-
bers N",ssa "
Cash and cash items .............,....' lc,1oa %
Total ssses. -
fotal W 20 20
Means over nsbiiies ,s1s 20
DedScs fer bad and doubtful debu and deprs.
~A~.s