New-York daily tribune., 1858-10-01


negotiations Of prime paper maturing up To May neAt
have been effected at e cent which, with few ei-
ceptions is the rate for all good paper beyond ninety
dave There s but little offering outside, and 10 bank
the applications are below the average Of the eeason
We quote the various grades a. folloTs:
Morssf- ciy psper hshe' Ir.de. al
Mor,sss- country and second .........'''". ed
Fac:ors sec.p.ances 20 u months Is
Parton. accep-sncss,
Psctop scsp'saoss and months ,S
Lons paper. good - No -'.'''.'''''''''''''''''''
shor- paper inGo-sed PRIME. e...................'''
shor' paper .iase nar'e' frirne
snor- can. oa ar.t ca.. oos-ra-.............. .
Lons losD, FIRE; elas- cols-rs,. .'''''.'''. =
We have had a week If uniformly cierr and rafner
warm weather. With the exception Of continued COM
pnints of worms and caterpiars, the Cotton crop is
doing well, and rapid progress has been lae 10 PICK
generally from $500 600 to 1890 600 bales II frost
should hold of until the 10th Of October. these figures
will probably prove correct. The accounts OF the
Sugar crop are favorable.
The Springfield Republican, Of yesterday ssyi:
Another meeting Of the Banks in this part OF
New.Englapd is called at the Massasoit House, in this
city, ON Wednesday xt, the 29h for the purpose oi
securing united prompt action in withdrawing from
the Suffolk and Joining the Bank Of Mutual Redemp-
ton. They have nearly all agreed to this course
now they need TO II and together, and the bat
tie will be over. The country banksi could give no
greater evidence of their inherent weakness than the
hesitation they exhibit at carrying out the policy
which, after months and years of consideration, they
Of the Bank of Mutual Redemption for their Boston
agency.
The Boston Journal says:
The Suffolk Bank yesterday presented for redemp-
ton the bills Of the Souhegan Bank, Milford, \. H.,
10 the amount Of SO 400 TO the Bank OF Mutual Re-
dempton, which were promptly redeemed by the pay
uent If specie for the Shortly after, another
package of bills of the bank was presented,
containing &76s, and this amount was aso redeemed
To-day We hear that the Suffolk Bank has thrown
my thp of SOuhepan
of Mutual Redemption continues, az il has for some
weeks past, TO redeem the bills Of the Souhegsn
Bank"
In relation TO the money market, The Boston Post
Gays:
tale to be told of Boston money matters The financial
sea is in dead calm, and there clouds, even oi
the size of a mans hand to indicate change of wca-
ther Business is fair in many places excellent IN ateW
but the condition of the West and the interior oi the
country III general well the statistics ot our e1-
port aud import trade proves that considerable de-
gree Of stagnation is the rule and activity the e&cep
tion. Upon the whole, We think people are somewhat
disappointed at the slow pace al which the country
energies from slough of espond which, according to
many was the needless creation OF New-lork pahks
and brokers.
Money IL as easy US ever, at the rates heretofore
quoted. New-York funds have been in less demand of
late, but at the close of the week they were again
quite active. The bank specie has not varied much
since our last, and s now about eight and hall
millions The best Sterling exchange drawn 10 order
ia 10 y cent and the tendency Of the market has re-
Gently been upward although it is now supposed that
commercial bills viii be in better supply from the
filing Of large cotton orders from England.
"Of copper shares, there is nothing new TO tell
Notwithstanding the advance in ingot copper, most
sorts weak, and have declining aspect-some
for and some for another These reasons
have already been given to our readers
The only land stock at all prominent just now is
Cary the exceedingly low figures of which seem
tsInutei il new
about it, The horse railroad through portion of the
property s in course of constructions while IS pre-
suned that the promised dividend will be pad in
January"
The Springfeld Republican states that the failure
Of White, Smith & Co. of Northampton, manufactur-
ers of euameled cloth, was brought about by the
bezzlements Of their selling agent in Newfork, Ar.
David =. Damon, Whose depredations upon the COM
pany are estimated all the way from thirty to seventy
five thousand dollars. The firm possessed the conf
dence of the community, and many citizens had n-
vested in its notes. Some had thus put out all or
nearly all of their means aud the failure overakes
them with great distress. Ii Is calculated that the
citizens of Northampton about Si0.V0
for money loaned for Endorsement, for which none
of them have any security. Mr.. Damon is in jail in
Northampton under charge of debt. On the Crml-
hal charge against him he will have To be- tried in
New York. He has made to the company
property which he acquired with lis funds Mr. Da.
mon formerly station agent of the Connecticut
River Railroad Company al Holyokr, and lost that
position through malfeasance in hi. administration,
including supposed enlbezzlement cl the Companys
moneys.
Mr. Damon is charged with:
l. Selling large quantities ~ ioy ., % 81 q cent
discount the prices they billed Tsen forwarded 70
New York.
3D. Faius a,eOuni hr cash roised io lood' to the
ID Maxim false from 'ims time
Of their business - being more profitable than
f,h pTonissory in compsnys without
authority. Whether this vii amount to rgEy not Is rot
IL appears that Damon had invested some 81 Ub ia
glass factory and store in New-Jersey which. when
he fact was discovered, he voluntarily made over to
the Company.
The nrm consists of the Rev. Morris f.. White,
Charles Smith ami Sherman Peek. The financial de-
partmert has been almost wholly managed by Mr..
" hite and the Company agent. This unaccountable
is Ia u> the greatest mystery ot The whole
affair. NJ. White, BY the terms Of the partnership.
controlled the finances, and attended to the keeping Of
the books.
Mr. Smith il an old resident oi the town. who, by
pcrseyerng industry aud honorable economy, mas az.
duirei competency. Mr.. Peck has been a citizen of
northampton but few years; yet his upright char
acter aud kindly nature have secured lor him the !
esteem of hs acquantances. and the affection o his
neiehbor. Mr. White had but little properly in hi.
own right but his wife l. supposed IA be wealthy.
Few. If any, disasters of the kind have seriously
affected the community. The firm has been eXten-
sse borrower dunps the past year, aud many OF onr
citizens have loaned most Of their available funds in
sums ranging from s. eco to 5000 amounting in m 70
n about &to,O0o.
IA CROSSE AND MILWAUKEE R,ILgoAp.
T. NE Editor e TheN y. Tri5vne
SIR: regard il my duty io correct certain
which appeared in TIE Herald OF sept %, in refer