The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-10-22
New York II the cities mentioned,-

There ia very little doing in the stock market Prices do
~ vary much, but there no outside business and
Asavy Spectators the bull the tesr side Some Of
- western sockssre shade lower this afternoon but
- movement is slight hardly N be worth notice.
Dsw York Cents remains about steady. correspond
ems draws our -attention the faA that the increase
q shis line is considerably less than that the Galena
Psuama continues advance. The following were the
hss prices of the day ssoaris SAY IS; Canton Tx
Isk; Cumberland Coal, 1917 a. Pacific Mail, 71k
=; New York Central, sok "; Erie, e1s Y; Hudson
nlvsr, 35k ~. Harlem, sS o 10; do. preferred
3ek II Reading, 3s,s NJ Michigan Central, 42ka y;
Michigan Southern, ~ t; do guaranteed, Isk
q; Panama, l2s1 x; Illinois Central, s74 n; Ca
hna and Chicago 7sX Is; Cleveland and Toledo 10 X;
Chicago and Rock Island, o3H x.
TIE trial OF Warren Leland of which we have published
full and exclusive report, has ended in nonsut and
se re arrest Of the defendant charges
h the same bank frauds At Colchester Conn 1t init
snaAed in certain quarters that the prosecution ami
waited by desire to black mail" Mr. Leland the evil
snce Of the only examined the cashier Jones'
hardly jusfes this assumption. Assuming that evidence
. Serue-and II s the only testimony before the public
4he circumstances which gave rise to this very
sample indeed. Jones and Leland concerned toge
sAer in Colchester Bank and joint contrvers Of var
sns transactions which detailed in JONES' evidence
When Jones arrested Leland was the who stood
~ Friend tried him from the officers and sent
I'm into Maine under assumed name with very ma
gratitude when the Affairs Of the bank came 70 be
sxamned Jones stood the whole brunt Of public indg
nation and legal prosecution, and Leland was
70 molested in the least After time however, these
devoted friends had Ga misunderstanding" s F. Jones
Ne grandfather OK Cashier Jones had pretended 10 have
claim upon Leland which the latter refused recognise
Cssher jones' preerrng his grandfather his friend
.tmaes Leland tnat if s F. Jones' claim be not SET
Md he will make clean breast Of the Colchester Bank
aAr, and clay his documents before the State officers
LELAND not by the threat and Jones is as good
a his word Hence the present prosecution which gives
- pretty picture of banking in Connecticut the most
hveterae advocate Of hard money currency could de-
s<e for the purpose of-enfcrcing his arguments
According the evidsnoe Of Cashier Jones or the truth
a which Of course wecannot vouc), the establishment
- the bank rst suggested by Leland and the charter
VAS ogroled through the Connecticut Legislature at the
tpht expense Of Leland and Jones. There may have
been, it seems, some bona fde stockholders; but
Ae bulk Of the subscriptions for stock, il
would appear made by Jones' friends who
Subscribed their TIE distinct understanding
Aat mere matter Of form, and that they would
sDt be called upon for any money The first nsalmen
IN the stock-slo ooo-was actually paid in gold and Sill
var. Az TO the other nstalments, Jones testnes;-
The directors called meeting and ordered twenty per
sent more paid at the end Of thirty dayshat would be
November 2, 1865, and the amount $4,000 that was
paid IN this way-N necessary 70 have sometbip0 In
ny hancs TO show the Bank Commandments in casa ~
ound to visit us Leland sent me a certificate ~
deposit Of Swan, Of New York, for S. 600 and the
sAeeks and notes Of 8 Leland Co, and note with G.
y Bellows as the maker and endorser think they sent
ne the notes OF Leland Il Co. signed Ia blank and en-
sessed In blank, 70 be filed up necessity required
until the ID Of December when the last nsalment was
paid in and the bank went into operation 1t was neces
various knds-some Of s. Leland Co. and some that
vas not 20 well acquainted with; part them were in
- na , Of warren Leland, and part were genu
Ne same thing as 70 value.
this be true, the bank never had but ten thousand
collars In money in it's possession AS To ;ts bpsnee,
was conducted on delightfully."- free and easy princine
Some OF the notes discounted genuine and bore
ne names OF Irish porters in the Metropolitan Hotel.
slhers-and these seem to have preponderated
shade and often endorsed by mythical people Some Of
he bank notes were issued for valuable consideration
and q great many not some were NM
Acred and recorded In the bank books as reo,,o, |
BY law and some not entered or record.a
anywhere "The object OF making overssseso sava
zones navcy twas TO conceal the facts from the BANK
Commissioner" So matters went until the crisis
Then Jones' very naturally, "the bank was not able
sagger under the load had and into the hands
q receivers while Mr. Warren Leland desired his friend
Mr. Fernald Of Portland, Maine, 70 "aow him to intro
snce his very particular friend Erastus Perkins Esq.,
~ ueehtS W Vlsit your c1ty-Sald ETaetus being none
ssher than cur old acquaintance Jones. |
= very pretty picture Of banking IN Connecticut,
ana rejects credit on the financial legislative judicial
Auaorties Of the State. The new trial of Leland Is set
down for November a; will be awaited with anxious
suriosity.
me business Of the subTreasury to- day was az fol-
0ws-
Z FOR cns,po - 49,. .4178597 -
NAL nsyrrars. - 900 90
'.',,., ........... 4, 769 ,938 10 |
inc dry goods inpon Of the week again urueuai,v
imporfatons b ing 81 900, against sa4a 900
SINE week last year. ami sel4 600 same veek ~ 1es,
NJ dry goods importers cviderxiy not satisfied with
70 losses they are making Tho aggr gate imports for
9 year thus far amount to T,7sso ~anst sSo49s
Iw6.
he exchanges at the CLEARING u,,..,,- >ornng
ountets 70 siS,oSo,4s6 81, and the balance, - Vo,
a. ees W$
ne Haroaa convention for fixing the run,,,r