The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-05-08

The condition Of the canal In commencing business the
present better Than usual Every part Of has
been put best repair, and the three additional
inclined planes add very considerably 10 the capacity for
work and TO the facility for doing basnoss upona.
Aer the completion Of the two planes nov begun thero
will be but two more 10 be rebuilt which will be the
policy Of the company W reconstruct at their earliest
venience.
The Auditor Of the s4a.e Of Indians publishes state
Of the present condition Of Ibe free banks Of
State from whsh the follo~ins banks have
complied with the amended a- o. 1855, and
ties deposited with The Treasurer OF that state ather mar
ket value, 10 amount not less than hy thousand dol
lars, and ten per cent In Of their circulation
Bank Of Goshen, Goshen; Bank OF Cospoft, Gosport;
Bank or Mt Vernon, MI Vernon; Bank Of Paoli, Pao
Bank OF Rockville, Wabash Bank Of Salem, New Albany
Bank Of salem Salem Bloomington Bank, Bloomington .
Exchange Bank Grccscaste, Farmers Bank, westfeld
Indiana BanS Madison; Indiana Farmers Bank, Franklin
faTke County Bank, ferre tisuie; Salem 5Ank, Goshen
southern Bank Of Indiana, Terra Haute.
The following banks have complied with the amended
law but have gwen Of their intention 70 with
drar their circulation. Their notes payable in ooln
Bank of indiana Michigan CITY; Cambridge City Bass,
Cambridge City; Canal Bank, Evansville Central Bans,
ndanapos, redeemed BY the treasurer Of STATE Crescent
City Bsnk, Evansville.
The following banks are winding up voluntarily, aDi
redeemng their notes 81 per, specified The Yea
y
Bank OF F1thsrt, redeemed 81 the bank; Brookvilie
Bank redeemed at the bank Hooeer Bank, redeemed al
the bank Huntington County Bank redeemed The
Indiana Stock Bank, redeemed Fiescbers Bank Bank
Of Monticello redeemed Al Branch Bang Lsfay eue FAY
etc County Bank, redeemed a Branch BANK,
herchsnt' add Mechanics, Bans. redeemed at Branch
Bank, New Albany Bank Of syracuse, redeemed ii Bank
Of Goshen Indiana Reserve Bank redeemed at Fe,chers
Bank 1ndisnspoe
The notes Of The following suspended banks are re-
deemed by tho Auditor
Of Albany al poc Bank OF Albion 81 par Bank Of Ansri-
ca ct SIC Bank Of Attca At sec Bank Of Bridgeport
ssc Bank q Oonnorsville a SIC sank Of porryvle at
par Bank Of south Bend At par Bank Of wadsworth
Gle Bank Of North America, Cli7ton, a eoc Bank Of
Hookpor al par; Farmers Bank, Jasper, at Gle Kaams
roo BANK at eoc laurel Bank at eoc Northern Indiana
bank At 8c New York and virginia stsie stock Bank al
par Orange Bank s par state stock Bsnh Of Indiana,
pers =, sss s,..e s.oc. Bank Marion :. eoc s.yings
Wabash Valley Bank at 92c Wayne Bank, Richmond, al
par Wayne Bank, iogausport, At par; Bank Of Warsaw
redeemed nj the bank.
The report Of the wnliamspors and ElmIra Railroad
fully explains The difficulties which The company encoun
tered last autumn during the financial pressure and the
measures adopted for the ersingushment Of liz floating
debt The movement was originated and approved by the
leading bondhoders who believed bonds would
be essentially and permanently enhanced in value by
finally funding the floating debt The signatures OF more
than three ourths Of the boncboders have already been
secured, and the floating debt itself amoe, entirely
signed on. The coal business, suspended the past air
months about being resumed and iron and lumber
trades are already active The Northern Central road
opens the wAmsport and Emirs ssilrosd 10 Baltimore
In June and also By two routes the Pennsylvania
Central and Lebanon valley, 10 Philadelphs and the
completion Of the ouatsKe branch Of The Gaia.
wissa read July 70 the Beaver Meadow, will
place New York as near 10 Buffalo by way Of
he oompany's road a. by the Hudson River and
Ner York Central roads The managers express the be
bof thA with all lie opening prospects, and with ne nnAn