The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-10-03

red 4, Illinois Central 1, and the other stocks in
proportion Tie market for State stocks and bonds
was affected By the prevailing uneasiness, anu but
few transactions took place. Among the bank
stocks Artisans Bank was called. and was onered
at 46, the best bid being 10. In the afternoon
the market was panicky, and q further heavy de-
cline took place in the Western shares and the
general market. Stocks finally closed heavy at the
following quotations: Tennessees, 90i a 4; ur-
ginia 6s, 81 q I; Missouri 6's 79A ]. Canton, zig
a 22s; Cumberland Coal preferred, l3l lag; Paci-
hc Mail, So a l; New York Central, ssi I; Erie,
40! q I; Hudson River, GO a I; Harlem, 2lI =;
Harlem preferred, soy :; Reading, All !; MIGHT
gan Central, 693 3; Michigan Southern and North
ern Indiana, 22A a I; do. guaranteed, 473 49,
Panama, l25a l26; Illinois Central, S. !; Ca
lena and Chicago, &c a 4; Cleveland and Toledo,
4sl h Chicago and Rock Island, 73s "A; Chicago,
Burlington and Quincy, ssi q 30.
As intimated yesterday, the transfer OF tho city
deposits from the Artisans Bank to the Park was
the last phase in the affairs Of the former insttu'
ton. The withdrawal Of the city deposits led TO a
run the bank by its private depostors, and this
morning the doors were closed. Application has
already been made for the appointment ofareceyer.
who viii probably be appointed tomorrow. or
the ultimate fortune Of the creditors andstockhold
Of the bank we are not yet able to speak posi-
lively. By the last weekly statement, published in
this mornings HERALD, the bank owed 81 ,06G AIS
to its depositors, and held SIS ia in specie and
$.373.sls in notes and obligations, besides the re-
naming balance of capital of 100000. Since
this statement was made however, the bulk Of the
la - a., Do-1- 81 tt,ac
banks; it is likely that all the specie was withdrawn
yesterday, and it is understood that a portion of
the paper under discount was taken by the Park
Bank as security for loan made TO the Artisans
on Saturday to enable tito 60 on. We learn that the
present liabilities Of the Artisans considerably
under half a million. Against this the bank holds
whatever paper and obligations il may still have
on hand and IFS capital. With regard to the latter
there appears to be some difference OF opinion.
The Clearing House Committee reported that the
capital was impaired to the extent Of one-third.
We were assured by the leading director of the
Artisans that the assets were better than the COM
mittee supposed, and that the capital was not ma
terially impaired Rumor now asserts that tho
committee rather unders.ated than overstated the
loss Of capital and that quite large proportion Of
the loans made by the bank viii realize little or
nothing. II is, however, hardly probable that the
capital can be 80 gravely impaired as to render it
necessary to assess the stockholders in order to pay
the debts Of the bank. In any event, il is hardly
necessary to observe that neither bllholders nor
depositors suffer any ultimate loss; the bills OF
the bank are amply secured by pledge Of public
stocks and will probably be taken usual at most
of the banks; the stockholders, among whom are
several rich men. individually liable for every
dollar of the banks debts.
Much establishment was expressed oday at the
failure OF the Board OF Directors Of the Chicago
and Rock Island Railroad Company to declare
the usual fau dividend. The dividend had been
positively promised by most If not all of
the directors; the earnings had been ade-
quate; the stockholders counted upon II as
a matter Of certainty. Yet the Board adjourned
at one P. NJ. to-day. after having passed re-
solution pronouncing il 'inexpedient to declare
any dividend at the present time" The statement
of the business Of the road for the past six months
upon which the above resolution was based was
"a follows
EaJnipgS from April TO Oct I, 1850 SOL, ISs
Less SIX months rent Peoria R. Re-. ss2.6oo
interest ........... ~ 900
Operating expenses, IS per cent..... 852,e55
Net profit. SIT $50
Add previous surplus land April ...... 27s ,623