The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-09-23

business had been fairly active eight months ago,
this would reflect great credit the
nagement of these banks They have lost since New
Years nearly $ Of SPECIE and have only reduced
their loans $4,000 600 It WILL however, be urged by
the banks that in January last they held gold than
was necessary and a good deal more than they could
have retained had the business of the country been active
and prosperous At that time they held 81 in specie
about every 50 20 Of their liabilities; much than
banks in this country have usually deemed requisite
The last returns Of the Secretary Of the Treasury stated
e total amount Of specie in the country at $3.50 ooo
Of which s74 600 600 in the banks Competent
orites estimate that the amount OF gold and silver
N the country less than $500 oOO of which the
banks hold from SIS 900 900 $50 600 The amount
exported this year the importaon-say s24 900
has been mainly supplied Of the $225 900 to $500
10000 which is in the hands Of the people 1t is proba-
bic that this Of expectation might be doubled with
causing any serious disturbance in monetary circles
There nothing further to-day in relation TO the Fulton
Bank defalcaton The committee, far as they haye
gone their examination which not yet concluded
suppose that the amount stolen from the bank
viii exceed the sum specified yesterday.
The late rise Eastern exchange Chicago, which has
30 puzzled fnanciers partially explained by the follow
ing from the Chicago Press of the 10Th
Exchange has been very close during the day. Custo
~ but outsiders have been forced TO pay z per
cent premium Some Of the banks will not sell 10 out
sders any terms Ever since the rates began TO sink
come weeks ago. the demand has been heavy; but the
judgment Of best bankers must be at fault If the rse
and OF the sringency are not onnd 70 be tempo
rary. Cold IL a per cent premium The general
money market is becoming stringent and outside
Che banks there is very little doing We glad TO
Oce that the business on our railways is improving.
The earnings of the second week in September Of the
Rock Island road ,6o4, against sls,759
The London Times, from which we republished this
morning exceedingly severe article on the Allegheny
county reputation will be pleased to learn that the Court
have directed Sheriff sell the gas stock owned by the
city OF Ptsburg in its own gasworks, and to pay the
judgments rendered in the of Oerchs against the
city Of Ptsburg The case still hangs fire technical
motion but will probably be decided in day two.
There is but one opinion this subject in commercial and
financial circles this country and that is that the city
Of Ptsburg which had noble future in prospect, has
thrown itself back full half century by its pettfogging
end dishonest in relation to these coupons There
have been regret several instances OF dishonest
conduct since the crisis the part Of towns and counties
In the United States but foreigners who have invested
money here may rest perfectly satisfied that these
attempts to cheat will fall and that the defaulters will
make nothing by their foolish course The course pur
sued by the Of Mississippi in relation 10 her State
debt-however it may be justified on technical grounds
has hurt that State Zoo many millions Of dollars for 1t to b
iaNated by any sensible community.
The exchanges the Bank Clearing House this mornin;
were $21 76s s67 o. and the balances 81 2s7 1904 q
The receipts from customs were smaller again day
The Sub Treasury business follows
For customs. immune. .............. $4,000 o.
Payments. Observation-Disclosures. .......... 234 904 3
oo759si
The Bank Of Iansingurg has lust declared its ninety