The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-27
The money article Of the Cincinnati Commercial

OF Wednesday says
Since tho date Of our last weekly review financial nat
amount Of disccuDtng done daily at tho banks, a0d
healthy Portable coniiton Of financial matters pre-
and currency fair supply Al the discount houses
Our financial relations with the interior show rather
more active use Of currency by banks and bankers nd
material variation Ia observed the character OF the
currency aoat amongst unless be thai therc hes
funds Tho 1'' note. ' ,ns ams banks Se q onio
Indiana and Kentucky distributed in about
me T ,Ss % latte, Two made Ssi NJ
as they did during the most active Of the dry
taken very quickly by western produce and stock opera
tors The current Of business keeps money close in the
movements OF the Northwest arc ohe,Esd by The close Of
lake navigation rs probable that large proportion Of
the ,apt engaged in that business VIII DO diverted into
cha ones whence It will be moro generally distributed -
the people and be made TO perform service sat
factory 70 the merchants Tho money paid out for pork
tale for the many little country debts contracted during
the previous six months year. and really makes tho
principal reliance Of merchants in their collections
The st. Louis Democrat says
The week opens without activity In financial cir
ces than last reported The demands for exchange keep
fuy up 10 al the supply that can DO bad The buying
and selling rates the with those banking nattu
are rm at per cent premium both on the East and the
SOUTH and these cannot supply all TIE deana thore 10
leans n ALL and most that do charge per cent premium.
The Toronto Globe states that the Sheriff Of
Waterloo, on Friday last, took possession Of some
cars, wood and other property belonging to the
railroad at Berlin, at the suit of Mr.. Reist, who
holds judgment against the company for dam
ages, and presumes that similar seizures will soon
take place along the line. The Leader, the Toron-
to organ of the provincial government, says
Of giving additional pecunary assistance to this company,
In It's extremity has been considered by the government
and that conclusion which varously stated has been
the public that the wholly devoid Of truth
The journal that certain American creditors
Portland ana the provIoe frontier and eIaosins their
own forms for freight another assures the public, with
gas gravity that the has resolved to take
the discovery there BE- an .daena nss
ten millions OF dollars at least fourth not TO be out
done by bis competitors in the art Of inventog import
ant intelligence assures certain number Of readers
bridge acroes The st. lawrence near Quebec and the
Continuation Of The road 70 the New Brunsw frontier
. means Of getting OYER the present financial dim ,uty
These only few of the absurd stories 70 which the
publc il daily treated doubted vertes Every one
Of them equally false; and they only offer from
another In degrees Of sbsurdky II the Am nican crcd
tors seized the Portland section- were possible for
them to do so-thcy would probably ind that they had
co. :, an Improbable bargain AZ 70 the work
arising and In any case the notion Is too abguri TO be
entertained BY any peron in his sober senses ANY fur
ther increase Of the pablo debt Of this enter
prise, just as much out Of the question the working
OF the road by the government The construction OF
second Victoria Bridge may be all very vel magoin
cent specuaton luxurious sort OF day dream but the
living generation win see nothing OF the kind realized
And certainly the gentleman who Ia kindly credited
with the paternity Of this project, remedial measure
way cut Of the present financial EN- oarrassment-s
about the last living likely 70 be guilty OF such folly
il s highly probable that the original conception Of the
Grand Trunks road from Halifax the western frontier
Of Canadawl one day be realized; bat Just those
VINO have TO devise way out Of tho present financial
difficulties Of the Grand Trunk have something else 70
think OF.
The Tennessee and Alabama, the Central South-
ern and the Tennessee and Alabama Central rail-
road companies have consolidated the running Of
the three above mentioned roads from Nashville,
Tennessee, to Decatur, Alabama. The road win
be completed early in November when the trains
viii be run through to Decatur without any delay
or change OF cars.
The deliveries Of grain at Chicago on the ed
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