New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-05-21

IRON orr,,,c OF S.yIG,rioS TO NAY IL, ~.
Flour bbls...............''..'.'''''' ess s ZOO
What bu.h .................'.'.'.''''',, 40
rsoM oPySISe SAyIsArivs TO July a. :; 10 10"
Flour, bbls.. ...........''.''''''''''''''9 r2aSS
wheat hush. Sl1
Com, BUSH. '''''''''''.
Tbs shows large increase N Flour anu "nO"'' ""N
an equally large fslliI of 10 Corn .:..;s.
The season il no. We, sufficiently advance TO lstiy
the prediction that the comparative increase taus,
will cobtiru e through the season. IL IL she however
TO calculate Sc long sc Flour remsins at is present
low pre- and The money market is SUCH "a 20 secue
GO srd 90 dsy credit, that the ea, ouk OF l's rDu
and Wheat at the West will continue 10 seek Tue
water throup IN tie Cansls.
The ,,re,ed ,bs,rac. NJ ne Copnectic ipk Com
pissiorers Report eivee very upfsvorase report OF
the management. ard condition Of some Of the banks
of that Safe:
From The Nee Earen JosrHI! aud CoarT.
The Commissioners refer in the fret pace TO the
financial panic, a. the commen cement ut ~hch ooe
bsLks had sn outtandipg circulation 81 slU,oUo,ovV
the sudden withdrawal Of pub ic cophtetcs caused
sudden contraction of currency, whcu proved
p urce Of great temporary embarrassment: On tne
lft DAY Of July the circulation OF me banks o. tas
State SIC, Al GOO; the lie, OF January u vas
reduced 10 1870 y contraction OF over 80 wv wv
and moGt Of which took place between the i.t oil
August ard the lst of November. The ability OF tue
banks 10 sustain tbe mselve-, without break NJ uo"n
their cus.ou es, uuder co,tractoc 80 10 ;receoensG
exhibited degree # soundness ard stability which
rnu,t place them high 10 tie confidence OF TIE iohc
Of tina aid other States.
Pror to the general suspension, several banks be-
cane enb,rassca. The Hartford County Bank, as
cary - S-rtember ~as she TO prov Re for an out
stsrdiog circuistion of 49, OO aud an examination
showed great niismap sgeme0t and dlplic',y on the
p8lt tf he dirtctors Large cl,lns, anOuotog N one
Instance 70 over $50 GEO. lad been entirety cJhcssI91
by Leirg placed the nsns Of responsible parties,
under an agreement tha. they should be held harne
In ether instances large smouns Of debts, tae clir-
acer of which The Commissioners ooud know no'hing
atou. without Investigations nu. OF the bank: were
represented by the directors to be good aud available
when in fact Il was evident to them tha, they were
either worthless or nearly a.
Notwithstanding this the Directors declared diyi.
der las. jolly we,eupOu the Com nssioSets obtained
An il iunctic and bad receivers appointed. BY good
nsns cement, the B.uk has been relieved, wNh TIE
loss Of half its cspsl aud has beea allowed TO ie-
sune is business With sHO, OOo ciptai stoos. IL s
question Of rcme impcr'arcs - determine who shall
nav the Sc COO or 600 in notes OF this BANK, stolen
byW. s. Cater, Clerk 10 the Treasury Department.
Tie Bspk OF North America, at Seymour, wnlcn
hsd been the suhec, Of remark in the previous re-
port Of the Commissioners wac found IA september
last TO have loaned large sums out OF the sac. on
unavailable security eayn the Bank saout me neats 70 ~
D nd.d creased sad capital stock impaired it, mmsdias
over 5000 and they Sd Ss o a,ad Of GI apd as
I'D ard was vas nd tine 1 e.s ,ni ban
down 70 sis54 The Of the Bank now amount 10
&l6sGOo ., r,... p.,l ., u,,.,,a
had carried heavy smouu, of protested paper Of doubtful
chsrsc .eeso h'ir opaion that the bank
sboud have Ovid uds than two
civic, nd passed Janu,y. 1851 but in JAY If tF
impaired The cst the consider have
nudciou: a1d iessL ia',h.r oes.Goed De-
indicated great csrt the part Of the Off
direct of he B,nk f the deacs1n bad extended
monby saep ets been examined and tested With their own
10 80 60 AID their specie funds reduced down h 9a
When III. BAN resumed specie re %e ~ en ne
arsey secured against ultimate loss ~ c)at as IL h
from beginning ndulsed in the M and dangerous ps'ioe
of buying papr l. YORK. aud in Fbtu.y last decirea
dvd.nd ihour rad hsnd 500 600 of pr'ts'ed
The Mercantile Ssnl at fret y sss oil ts
seriously I'M %I1 =; esp' p, tn. Commissioners. AFTER til.
ha es admit stsor by direction Of the last Legislature,
It'll uu,ssh.d with i. condition IN sep'sotI ceased
ere,h erS1aiGn at thi time py rs o2o,s T s vJ &.
evidently real condition Il affairs Ga the 81 OF De
epter au examination ,ssn made and was found :hst
Ir.s by irm Of rhor pliers in Hartford bills ns
oa TACT which the President Cashier @?d Dec:os m me-
hsse teen fully TIE Comms'oDers boxed upon t
a. fs'dS,t sssa a ' he ' rssa before ase
prer could be procured Governor J. H. Ba
IL the uer P..ieu testified tia. he sd signed quantity
End that Jones h.d taken away pro.us deliver chem
but h.d never don. 90 Ihe am0uni Of tae . &
for redemption 1t has probably no; be,a pat exec
~y Into cfculsiou The sstets Of the bank VIII D. sam ,h
proec, c.edor, bt the stockholders si suite, hugely
II Is being wound up BY Receivers
fsed ess undertaken tbi. The p of
capital paid in paid back by the Directors and the payment
of the 10 pre-nse the money used being
i Of broken tauks aud worthless checks banks ont Of
nominal stockholders in volnn;own rested on, Of
Tie bank pretended that h,d issued DO BILE on,
duoed Ou,side parties distributing these bulls Ihs le.
quarters Il he concern were III dIink saoon ~ Ne"ioA
Ono Alexander Miller Of SuA,o aud Roswell Peek OF Hart
S s n a ss ' @ e50 saI thu Ge Ban. AN in
uncn wa. granted the lch Of las: Move it, eenl,
zion eco snd the asses and Hopad so;A vi"
sble tie Re- ceyeIs protect the public from -a
The L,chfed Bank started iregllaIly without o'na nie
s;aia ConnssoDers checked It's operations and ctn'ed
chspse ocers he Of bona tde cash cap
tai Of O. with which is doing lreinse business
ore Of the violations of Ia, banking laws OF the
State the Of the QInnebAug BAk Of Norwich wach
auy teer lees amour, of srece on hand ,hi me s" T
qures smount to ind sdGA and to
parties Of be sate and last December had unar'
reb unes., iroa, NoIfk wil.t.d sllsa,uct, Farmers
BfseeTtl D.nbury, PhqiOLe Mang,sG'ggr.rs tDs,oyl
Nerhsi t. and Manufsrures (iarfirdl. Home Merden,
Clinton City (BIdsepor WHALING Commerce Nys.t RIVER,
Jtw, City Rockville, Connection River and stafford BAlh
81, 20 having le' qn-ny violated some
or provisions Of The law generally by oshns TOO mnh
70 Director parties out OF the Safe keeping too little specie
4 Atod has susprnd~d debt FS "a. soslns on, o.
sd fo result l.ge loss aud whcs 10 the opn.
ion ofb- CSnmore made the payment OF d'ioeho '''
March Of doubtful xp.dency, u not Illegal.
on tkc bsrbs in Nea Haven. the Commissioners say:
The condition Of New Haven County Biak has not ma
,ey improved since w,s tI'' reported 70 me III
Som. PORTION # the debts the bank have been adjusted
b, ,Isr f.rtcr dir in he real estate located in
Hasi,n This srr,psemeu. covered Sl57 1876 Of the
rLt and protest this interss the baokU Obliged 10
~ =. rIoorten Of the inees upon mortgages upon
~ oroteIy also he share improve
r, decrease rardy, and las. amounted ~
which included however sasa payment to the mrs.
The Of the bank. which pay interest AMOUR.
The City Bank Ct New Haven, with surplus OF 49,,
bss ,.o iIerst in the Botyn soP.r'y smo9n log 70
sGo542 sIdihy have also s'p.nd.d debts AID b)na'
lOf - LOT