The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-07-26
crease. s47l,4ss 2,o26,7o7 3l,ols 2,sss ,eds

so rar as the specie column Ia concerned this statement
toeraby satisfactory Some Of street estimates did
not allow the banks over nineteen or twenty miious
This week they will gain largely. The Sub Treasury Is
advised Of drafts which will cause ts balance to fall TO
where stood q week since; aud the California steamer
will be in TO- morrow next day. perhaps as much s
$l,sCo 0oo The Cooard steamer from Boston on Wsduss
day will take very tle any, specie here go that
on the whole 30 far ss specie this staenep
need provoke no uneasness. But are b,uud to Id
that the loan column is anything but satisfactory
Under the circumstances, Considering the heavy
importatons Of foreign goo1s, and the steady
demand for exchange at rates which insure tue
shipment of gold, IL was the paramount duty
OF the banks 10 cursal their loans at any price,
and to large extent. This view has been fire..
qoenty expressed by the leading bank managers within
the past week Yet when the statement is made turns
out that several Of the banks actually expanding Il
but justice to the souad, we'll managed institutions of
the city, to give the OF the banks which are admin
Uttered with so little regard to their own safety or the
public good The banks which have increased their loaos
during the past week are
The Manhattan Bank
The Leather Manufs c!urers' Bank,
The American Exchange Bank.
The broadway Bank.
The Merchants Exchange Bank.
The Mercantile Bank.
rbe Pacific Bank
The Rspub ic Bark.
The Peoples Back.
The North American Bunk.
The metropolitan Bank.
The Market Bank
The S. Nicholas Bank.
The rradeamen's Bank
TIE Shoe and Leather Bink.
The Marine Bank
rbe Atlantic Bark.
The Mechanics Banking Association
The Eat River Papk.
The BULBS Head Bank
The Presidents Of some OF these banks rendered them
selves conspicuous by their mbecle conduct in 1857
Having, with degree of folly which hardly conceive
BILE, expanded their far beg Dad their control,
they attempted, we all remember, 20 recover
their footing by efforts which broke nearly halt the CON
nercal community and led 10 their own dsrracefu sus
pension 1t is evident that they no wiser now o.
'na' occssop within few hours before they stopped pay
meh' tney gave an example Of their egregous acy
by assuring the public Of their upmpaired soundness
The very day before they bankrupt they knew 30
little OF their own position and peris OF the crisis that
they Proclaimed deHaotiy that there was no danger T.
was, we Think mistake the part Of the great DO ~
bfnk stockholders to retain the services Of any of The in
oviduas who had proved tmseves grossly unit for
sne trust For, az was 10 be expected they have not
ponted ny the lessons Of 1857 Most of tue is to be
feared are past learning wisdom the same circurnstan
ces with the came experience behind and the same pers
ahead they are pursuing the blind policy of mischief
now as then end will net be their fault IL they do no.
get the country again into trouble this fall Thsy are
pretty sure at any rate to ncapaciae themselves from
oeipg OF any use to the when bank aid s ost
needed and TO drive their stocks do rn once more 10
hy cents on the dollar.
1nere 10 no change 10 money today Rates both for
oemand ioars and paper remain the aane Exchange 70
aiso steady at previous quotations
Inc socK market continues terminate There In no
one operating but the srest and board obbers the pub
Hc ooKs On with apparent contempt. The absolute COZ
VOL welded by ths bears and the Indifference of all par
s W toe values OF the escurties dealt in the board
nave of soe present pat end the Legitimate commits
son "uhness This will not las OF courses every day the
prospect Oh change becomes fairer but In the mean
WINES Tue Case ID as We state it, As general rule,
s'ocRs were ins Afternoon ehsde better than Satr
'ay po' me improvement: lie only rasonal The msrke.
cloeeo sea'y ct tue following quotations
eoH q; Vneinias, sfa Il; Canton, IS q; New York
oeh"ai' 'tH u; Eric, 81 II Harlem, OK 10;
aariem preferrej, 351s z; Hudson RIVER 321s a *;
nfan'ne' aoa q Michigan Central, Az az Michigan
southern, ~ * Michigan Southern preferred 81 Y;
Panama, l16s 4; Illinois Central, ca a Z: Gseps and
Chcsgo, 6SM 64 Cleveland and Toledo 23z "a; CHI
caeo ard Rock Island, 6lX II Illinois Central bonds.
81 u; Pacific Mail, cox a TO-
he business OF the was m follows
iossl 'ece,pis. ................. 1861, 1856 90
rel . ''''...''............... las goo 90
nos', i"yneno's. 673.439 SO
,0c3 ,2y9 80
'pe exchanges At the Bank Clearing House this morning
we're o,ols3io ss, and the balances 81 os2 400 TO-
Ihe nechsnics' Bank Of Newark has declared semi.
annual dividend Of FIVE per cent, payable on demand
BY reference to an advertisement in another cobmn IL
VIII DC od nat Inc interest due on the lst Of August on