New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-02-13

0fCount
The eosLeanyng companies win in the course Of the
coming fortnight hold meeting at Philadelphia 'or
the purpose of f1ng their rates of ton for the coming
season The experience Of the past year has coneiu
svely proven that, a. the runousy low rates charged
previously, their expenses can scarcely De covered,
much less On earning made sufficient 20 yield div-
dend 10 the s.ockowDer.
The Philsdephis Clearing. viii commence
operations March l.
A.s meeting of the stockholders Of the Bank OF
Pennsylvania il was stated that several large judg
men,. were about to come upon the Bank, and that
Mr. Ahbons hsd assigned his property IN Pennsyiva-
mia for the benefit of the Bank. Resolutions were
adopted in favor of placing the affairs of the Bank for
LIQUIDATION in the hands of three trustees, to De Sc
ec.ed BY the Directors and stockholders. The follow
inc resolutions were also adopted:
B,eeS Ths. tie Bank Of Pennsylvania has been posrs'ed
hv ne and dishonesty late President Thomas
hone apd ,ha, whatever punishment the criminal law IN
eic,s on dishonesty ought TO be visited TO us UTMOST A"'
R1red yhs The conduc. of Daniel Deal who while DIec
the Bank drew from 4 y csuon %,n bs ud Of the
Hempfsd Ralroad Company collateral a, time when there
no sale in he market 9I .%sn SOns n sb Opinion Of this
meeting ross and disbonorAbe violation o. ns au.y Is
Of the Bank and deserving the condemnation OF every
R,crsd Tha. appearances warrant as in believing that
tshr in pander Of the Bank reasonable cost or
labor should be spared to uncover the saA ana
ton. MI
The notes Of the Toga and Crawford County Banks
Of Pennsylvania are discredited by the Philadelphia
brokers.
A bill has been reported in the Virginia Legislature
reourps the banks of the State to resume specie psy
ment on the let of April next.
Both the Easton Pa banks have resumed speo'e
LIZ lah;
In regard to the Philadelphia money market, me
Ledger says:
"The banks are daily, since the resumption OF
specie payments adding considerably to their supply
of coin through the deposits Of their customers ms
is the best evidence Of returning confidence IN 's
bsnks Many persons have been clutchlng iase W
what little coin came 10 their hands during suspen-
sion paving out the more doubtful bank note cur
Yency Now that specie is paid out on demand, tney
are seemingly glad TO be rid Of the care OF preserving
il from larceny and fire, and so hurry II INTO 9auh,
Here as at New York. there is increasing commence
among capitalists and the tone OF the money halAes
g more and more buoyant. The extended paper, as
far as il has become DUE has been met Win very
considerable promptness, and secondc,ass Papv n
although still in discredit is gradually finding more
favor Those who may have occasion TO borrow
upon securities which have been deemed suincient IN
times past but which not strictly OF the hrst Glass;
must not expect to obtain accommodation at o~o
cent, although they may see quotations OF tnis
range Capital can be obi aimed at New-fork on eau
by wel-known prompt borrowers, upon undouoteu
State Government stocks or prime personal credit at
4a6 cent, and here at oGI e cent Dut tae ieas1n
is that this class Of borrowers do not want the funds
and will only take them, if at all at low rate OF IN
terest. Selections Of good business paper are taken
by the New-York banks at 607 cent, and selling at
the note brokers at 7G9 y cent"
The Hartford Eueniag Press thus explains the
reason why the circulation of the Hartford County
Bank exceeded the amount which was supposed TO be
in circulation:
eve published, Yesterday the fact that Walter S.
Carter OF Middletown had acknowledged that the bills
Of the Bank Of Hartford County, supposed 20 nave
been burned were distracted tromthe Treasury Once,
and put in circulation by him. Since then we have
had an interview with Mr. Carter and from him learned
all the facts connected with the matter IL the ola
story of specializing in stocks which has led so many
TO ruin He tells that when he entered the Treasury
Office he was barely 20 years of age, and OF course
without the fixed habits principles of persons more
advanced in life. His associations brought MN IN
contact with men who were constantly dealing In
stocks, and knowledge of their gains induced him
to invest his savings, then amounting To something
81 goo, in similar manner. His first operations
were successful; his money soon doubled, and In a
short time again doubled, and his successes seduced
him into more extensive operations. What he con-
ceived to be favorable opening for an investment of
about $500 occurred one day when he had not the
money and he used funds belonging TO the State this
was bis first offense.
In this way, from time TO time he was led on until
be had used from 49, 900 TO 900 of the funds of the
State, balancing his account by his memorandum
check which, of course, he expected to make good.
He excused himself To his own conscience by saying:
The banks pay interest on this money, and II
only put back what | take, there will be no harm
doneI may well have the use OF the money as the
banks.
Things went on in this way until the first Monday
of April 1854. With it came the State election and
the success of men who he knew would dispiace him
from the position he then held. and exposure was
sure to follow unless the funds replaced Stocks
had gone out Of sight, and he had lost all he had
taken and then for the first time he began TO appre
cate the fact that he had committed q crime.
What to do he did not know. Once he went to
NewYork TO take the steamer for Europe, but the
steamer sailed he not on board, and he again re-
turned to Hartford The rest is already known to the
public. II was to make his account good, where dis
covery would be made if things were lett as they
were that the bills Of the bank were distracted and
used
1.-THE amount of bills thus taken is not accurately
known. 1t is somewhere from $S 600 to $4,000. Mr..
Carter tells us that some months since he formed
resolution 10 disclose the whole matter, as relief TO
his own conscience well as TO relieve other parties
from suspicion which might attach to them. One
thing and another has prevented him from dong 80,
but when he received the summons TO appear before
the Grand Jurors he resolved to make clean breast
OF it,, and he has done so voluntarily No other per-
son is implicated in the easthe takes the whole mat
ter upon himself.
So far as is in his power Mr. Carter has made res
tuition 10 the bank having assigned to them al his
assets of any character whatever.
This is the story it was told US with evident sin.
certy and have doubt Of its truth. II carries
with il its own comment warning all to abstain from
the first departure from the path OF recttude."
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Markets...CAEErrLLYR REPORTED FOR the T. IMsusE
AsHEs-Tbe demand for Pots limited GALES Of 20 bs.