Daily State sentinel. [volume] (Indianapolis, Ind.) 1861-1865, 1863-06-26


We have now three National Banks in this
city, organized under the new law; of the first
John W Ellis. Esq is President; of the second
George Keck. Esq.
The stockholders Of the third bank met YES
terdav and elected the following Directors: A
L Mowry, David Gibson. A II Andrews; L. I
Woodrow, IL c Lord. james Bugher, Chas L
Moore. Subsequently The Directors elected A
l. Mowry President. and Frank Goodman cash
Ter.
There will probably be one or two more banks
organized in this city. and it is not unlikely that
the total capital employed under the law IN this
CITY. will soon be swelled TO four million dollars
The weather has been unusually cool the last four
or live days, too much so for corn, and rain Is
being needed for grass and all other crops ex
cepting wheat, but none have suffered much Mr.
A. L. Bramble. of Painvie in this county,
brought us two punches of wheat on Mordly
One was of the Alabama variety, which is being
harvested The quality is good. The other was
white Kentucky. not yet ripe. but will be in about
a week. OF this sample. fully one fourth had
turned to smut, and Mr. b told us that his entire
crop of that kin" so. well that of his
neighhOrs. We have "A sample of new wheat
from Southern Illinois 1t is fully ripe. and the
quality good. The quality of the wheat this
year generally speaking. will be excellent. as far
as we are informed; but the breadth of land sown
with winter wheat being less than last season, as
our correspondents informed US last spring, the
quantity will be much less than that gathered in
1862. a. regards the winter variety; the amount
of spring wheat sown was large, however, and
should it turn out well the crop viii be full one
An unusually large amount of fax seed was
so~n, and il is doing very well the crop of seed
will be unusually large, beyond doubt.
Business in all its departments continues very
dull. and prices OF many articles merely
nominal. there not having been enough done to
establish quotations
In the provision market this is especially the
case, and forced sales cannot be made, except ut
prices far below the nominal quotations Forced
sales of bacon shoulders were made for instance
at So d358c. whilst bulk shoulders are held at
$50. Old mess pork was held "a little hrmer
owing TO advance in New York, and about
| 600 brS sold at 81 81 but il was easier To buv
ut the close, prices in New York having declined
25c We never remember TO nave seen more
lileless market for pork aud bacon than now ex
lists. not only in this. but in all the other markets
Until some decisive victories are gained by the
Government troops. We cannot look for any i'm
pr0yement in the business, as merchants are now
the stands afraid To embark in any enter
prise but confidence in the Government is grow
Ing, and the great resources OF the country are
being better understood John THOMPSON saw:
There are in the Uuted States more men ami
estates that can be assessed for one m Hon doll RS
each. than there were at the close of the revolu-
ton that could be assessed for ten thousand dol
lars each
The cash value Of the property OF the United
States Excluding the States in rebe lion) is one
hundred times what il was in all the states az the
close of the revolution.
JOINT stock compauieS-bank ins france, rlil
road. steal boat. manufacturing, &c are one
thousand 10 one N the close at the revOlutiGl
The annual product of gold and silver that
enters into and braces currency and credit. Is
five hundred to one at the close of the revolu
ton
Our commerce. inland and foreign. is as five
hundred tn one ~ the close OF the revolution
Spanish quarter OF more importance in
the ewes of the people then, than a double eagle
is how
The country. IS the basis for borrowing and
paying. i more than hundrei times gre ,ter
thm ut the close of the revolution. Where
then. is the point in hkening CUR Government
currency ard securities to Continental money!