Indiana State sentinel. (Indianapolis, Ind.) 1861-1865, 1863-06-30

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
ter,lav and elected the following Directors: A.
L Mowry, David Gibson. A. H. Andrews: T.. T.
Woodrow, H. G. 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 tnat
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 five 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 Plainville, la this county,
brought Us two punches of wheat on Monday.
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 kind was 50, as well as. that of his
neighbors. 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, az regards the winter variety; the amount
of spring wheat sown was large, however, and
should it turn out well the crop will be a full one.
An unusually large amount of fax seed was
sovn, and it is doing very well; the crop of seed
will be unusually large, beyond a doubt
Business in all its departments continues very
dull, and prices of many articles are 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 at
prices far below the nominal quotations. Forced
sales of bacon shoulders were made, for instance,
at 315@35ac, whilst bulk shoulders are held at
f3Mc. Old mess pork was held a little hrmer.
owing to an advance in New York, and about
! 900 brls sold at 50 81, but il was easier To buy
at the close, prices in New York having declined
25c q We never remember TO have seen u more
~lifeless market Tor pork and bacon than now ex
lists. not only in this. but in all the other markets.
Until some decisive victories are gained by the
Coz ernment troops. We cannot look for any i'm
provement in the business, rs merchants are now
as the case 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 saws:
There are i'm the UnIted States more men and
estates that can be assessed for one million dollars
etcn. tnaD there were NJ the close OF the reyOiu-
tiou that could be assessed for ten thousand dol
lars each. tfaI l -t.1 co
The cash value Of the property OF the United
States (exciuding the States in rebelIion) is one
hundred times what it was in all the States ut the
close OF the revolution. e 5000 1872
Joint stock companies-bank. insurance, rail
road. stes manufacturing, &c--sre AS one
thousand to one at the close OF the revolution.
The annual product of gold and silver that
enters into and braces our currency and credit. is
ms FIVE hundred to one at the close of the revolu
tiDu e ele l
Our commerce. inland and foreign. is as five
hundred to one Mt the close OF the revolution.
A Spanish quarter was of more importance in
the eyes of the people then, than a double eagle
is now fsE . g slr -1.-1 Iwa
The country. as the basis for borrowing and
paving. is more than one hundred times greater
than at the close of the revolution. Where,
then. is the point in likening our Government
rurreucv and securities IN Continental m0nayf