New-York daily tribune., 1857-09-28

trhaeht< bbet 70 0ach 0stU BED Ia, cuyosb "
rsper Do na know what is SAFE and held Of iOr
more ~ .tkd state Of tAngs The street Ass been
quite IIeted, but was not sAe excitement Of panic
rsb er that Of curiosity Every appears confident
of the strength OF city Banks, and although there
A doubtless some boarding going Or by the middle
cissses there is not the slightest appearance Of any
deposition to withdraw deposits by the mercantile or
financial classes. At the close to-day there were nr-
msrous ruInon OF failures some OF them very import
art, and, under the present inpossbiity Of making
negotiations ard almost estre anHiAilson Of eolate
rs values, most Of the run,ors probably true
The moet important suspension is that Of Gamer a.
Co.. very wealthy and respectable dry goods house,
with large liabilities The bills receivable due Ee1s
month are said TO fessh Q million and hall, but
money enough to carry them tArsagh could net be
raised upon them. The only heavy payment OF the
Erie Road for the remainder of September was To-
dsy promptly met The Road ia now easy for the
next week or two. The week ends with very
gloomy feeling, and spprehensoIs Of continuance OF
ssrous disasters.
A meeting of stock and bondholders OF the Illinois
Central Railroad has been held in London, Of which
Mr.. Thos. Smith was Chairman, and at which the
President Of the road Mr.. Osborne, appeared and
made full exhibition of its condition and prospects.
The best feeling was exhibited. Mr. Osbornes state
mens were received as perfectly satisfactory, and the
fullest confidence expressed in the value of the prop
erty. a k.n of two millions was proposed, one-haf
TO be taken in London and onehalf in this country.
The London million was at once subscribed, but the
installment of $40 share which has been called here
will supenede the loan.
The circular Of Messrs. Benson & Co., by the Can
sda says:
There has been no material sterson in the value Of money
since of circular The demand on the Stock
iuled from 1to cent while the continued demand the
discount market has kept the rate for hrstela's bulls
cent The unfsvorsble accounts from Paris and Newfsf
have great caution the part Of capitalists and put
check to enssgements for any lensshsned period -.
steamer coupled with the previous want Of confidence n
American securtt. generally have nearly put .SR 70 al
The chief continue be in Illinois Central Raj.
.a sh ahs Ssn have is
S7dSl the shares which were done on Saturday last Io
n5 There efSs .y. e sssn Of
Northern Indiana Sinking Fund Bonds S. NewYork Cen,
few :pecasve purchases Of Erie Railroad shares at o. In
State Stocks here almost no bushes. but price, are well
lelI, and Maryland Sterling at S"
In relation to the affairs of the Ohio Life and Trust
Company The Express says:
The investigation of the affairs Of the Ohio Life and
Trust Company Is proceeding slowly to close and
ing how it has been managed, and to see where its
large Losses have been made. The capital of the Com
psSy is 600 600, which wss invested in bonds and
mortgages and did not enter into the banking operations
at ali contrary to the general impression. The bank.
ing operations were based upon an original issue OF
tweniy-year bonds, certificates Of deposit to the
extent Of 100000 Of which the investigation shows
that 500 900 have been retired, leaving but
upon which its large operations have been based
Upon so small sum il would not be supposed that a
large business could be DONE but the power Of credit
Is very great and the Company have used it to de.
gree rarely if ever surpassed.
"The investigation shows that the Company has
transacted business upon borrowed captal-bOrro wing
at low rate to loan at higher and swelling its In
come by its large exchange business. II is shown that
the w est has always leaned heavily upon New.York,
and that the balance due the New York agency has
ranged from $500 900 to 81 800 0OO-tOuchng the lat
ter figure when the pork crop was ready. To enable
the New York Office to carry such load, 1t must have
something upon which to raise the money, and that
something was the paper made at the West and re-
ceived through the home office, which could not be
and was not ignorant Of the manner in which the Ohio
SION took place in New.York but its cause was not
confined ioely to the operations Of the Company in
this city and, had it been delayed, December would
have found the Cincinnati office debtor to New-fork
OF 81 200 900 at least. The disaster to the Company
has been produced by attempting to do monstrous
business on nothing. Its business in exchanges
q, 100000 or $4,000 600 per month-shows that its
zaton was thorough here and at the West, or
could not have gone on so long me N th
gers for the failure Of the Company; and The CIere-
land (O.) Herald very justly says:
responsibility this matter the Directors can
not escape and 4 equal and justice measured to
these their property the last ahng would 60 to make
good the losses OF the defrsuded stockholder@'"
The following is the latest weekly statement OF the
Treasurer of the United States:
n,sei ,s,y,nsd nsid ...,..............L L7U l66 81
D,s1s ;s.usJ ACKNOWLEDGEMENTS. Ll80 5o2 %
Snhisct 20 dt.f ,464 81
R.Srct;on dn,;ns the Observation-Disclosures. 23l SIS %
xm"nnt in NewYork OBSERVATION-DISCLOSURES e69 997 81
Hronnt in Roson 25l4 529 SO
Imonnt in is...........,..... 20 9l3 "a
Amonnt In New 3l7lS6 81
Amount In 81 Louis l32o 1853 n
Amount in al sos II
Amount in Little Rock 3i5 SIS S6
Amount in Bsltimore. sos sl S
scheme for consolidating all the interests in the
rsst Western Road of Illinois has been placed before