The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-04
NEW YORK HERALD TUESDAY, MAY A. ls5s-TRIPLE SHEET.

period Of ostrahon and 10 prevent that rapid recovery
90 much desired by al interests We immediate
ee,p for this difculty There Indications Of ia
yorsbe change The contr action still going on, and no
one feels disposed 70 launch out into sny new project In
fact it utterly impossible to give start 70 any new en-
terprisc The quantity of business doing limited but
the quality is good. There very few credits given
lust now No asks for IL, and 10 disposed 70
give it, The actual necessases Of life only are now re-
CURED and fortunately for all classes, prizes Tor these
rule az very points The consumption Of our great
s,ste articles gres when reduced TO the lowest
limit that there appearances Of activity among certain
classes dealers and the wheels Of commerce are thas
KEEP, moving Among the trading portion Of the community
there not an over abundance of money. The country
collections continue upon very moderate scale and credit
being at such Low ebo, money matters amoog bueiness
men not easy the accumulatoas Of Wall street
would lead 10 suppose. We cannot look for more
than gradual return trade. Every isusing up all
their old clothes and living upon the real neoessAres Of
life Exravssance and Injuries not dreamed of and
we trust il will be- many years before return tosuch
foes realized. is il pretty certain thAs the cornmu
nifty generally will get OF debt nrst, before they again
hpk Of departing FROM the present system Of rerench
ment and economy We are now on the right track aud
II favorable Circumstance that the present plethora Of
money does not scrd tho first encouragement TO specu-
When the country gets once more into tho fa tide
Of a,ion the basis will be sound and substantial We
are laying the foundation broad and deep for the con-
strucbon Of Systems OF finance and commerce. which
will give impetus and growth that will wsps DOT
few years every vesge OF the recent revuon, and
place the high road 10 result some time
hence precisely similar 10 thai We are now gradually
emerging from.
The bsnk returns fer the last week. compared with
those Of the week previous exhibit the following varia
tons in the aggresstee of the leading departments
Increase in loans and discounts. Ss6t9s0
Increase ~ specie Soo oss
In each department very important increase is re-
ported more decided expansion have not observed
many weeks The aggregate Of loans Is now but little
than a. the corresponding period last year. while the
specie and actual deposits are far in advance OF
shy previous report The amount Of specie In hand Ia
nearly three times that reported at the same time last
year. while NE actual deposits have reached the enormous
Of eighty millions, against sixty eight at the cor
Responding date 1887 With soch additions 10 the spe
reported in each Of the past six weeks,
it's impossible 70 form idea where the iaccu
will STOP Some fnanciers FIX the ultimate aggregate a.
fifty millions bu 1t impression that by the time it
reaches forty Millions there Twill be indications Of demand
for mercantile transactions Of suent volume 10 arrest
further additions There Is nothing vitality wrong IN any
Of our great local interests and all require is time 10
restore them 70 healthy activity. This concentration
must sooner LATER influence industry and give start
| to con merce.
The last New Orleans bank statement compared with
tina, of the previous week shows the following results
Decrease in short loans ~
Decrease Ia specie oo,oos
Increase in circulation. l42s60
Increase IL deposs
Increase 10 exchange ioo
Decrease IN deposits proper ooAo
| The New Orleans Pioayne, under ds.e OF Saturday
evening, April "A, says
The street has been sonewha. excited by the sudden
disappearance OF noted salt dealer, lea Ting supdrv
parties in the lurch az s stated, 70 the amount OF
flOo 600 In several Instances advances have been sde
on warehouse receipts and nos ISu1a .nas inc sat
mains to cover The pledges Otner cases are reported
where the salt belonging TO the second and third parties
cold without the customary Formally OF consult
ing the views Of In relation TO the market Then
hear OF csrgoes bought and sod the existence
quantity Of railroad iron, notwifhstsneios It's specific
gravity, has likewise taken wings and gone of 70 lay
track in ,Sme remote section q the c,uniry Taucled
accustomed regularity what nos turns oct 10 have been
for some time past rhe loss falls heavily on
certain parties and under the peculiar nature Of the
| tracts must give rise 20 prouaced litigation.
| The Cincinnati Gazette Says
| Al the time the Ohio Life and Trust Company BANK
failed, Mr.. Ludlow, the New York cashier, had IN his
the CncnL at Hamilton and Dayton Railroad Company q
bonds These bonds suffered the fate OF other securities
deposited with that party, having been nypo,Decale 4.
The bonds belonged private parties az not 10 the rail
road clCpany, has been stated The latter for
tunste enough escape without loss from The general
I wreck Of the trust Company.
Tho bonds referred 70 were OF lot purchased by a
| company Of six or seven gentlemen, than haN Of
whom we're connected directly with the Cincinnati Han
ton and Dayton Railroad Company, and were lodged in
Mr. Ludlors hands for sale or hypothecstion, in the
event of failure Of negotiation in England he advanced
large amount Of money upcn them and these advances
remain unpaid al this day. The public will have noticed
certain sales or rather attempted sales Of such bonds
the Exchange In this city. These the bonds In qucs
ton Tho parties 10 whom the advances we're made 10
terposng all Of legal objections, In order 10 gan
time either with future view Of compromise, or Of rid