The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1865-07-03
Total for four years .

Total for four years 500 800, 900
The product Of 1864 yielded about so 600 600 gallons
Of refined OIL tho average price Of which, in bond, in
this city, 81 cents per gallon giving, the value
Of the refined article in 1854 $40 800 600 Consider
ing that the value Of the raw product at the wells
500 00 600 appears that the refined product is worth
just double tho value OF the raw oil from which ii is
derived
II may Judge from the following article taken from
the New Orleans Picdyne, tho banks Of that city
embarrassed by the action Of parties protesting their
notes and throwing them into liquidation, causing the
appointment of three commissioners for each bank at
salary OF thousand five hundred dollars each. AS
the banks operate under the Free Banking of 1885,
and their circulation Is secured by the deposit Of State
and city bonds with the State Auditor Shreveport the
acting government Of the State should that its bank
ing protected from the INSCRIPTIONS tricks
of adventures, and that all legal facilities afforded
them for passing through the present exceptional period
with IS few obstacles az possible
war has been commenced against the banks Of this
city which threatens II not promptly arrested to add
to the troubles and that at present vex and
The bsnks Of this city, which, before the war; were
the most solid and best administered OF any similar in
situations In the United States were, Of course most
changes incident TO the Their assets, which, II
they could be got in hand amply sufficient to de-
the then state Of affairs The change from Confederate
to federal authority compelled them 10 abandon sud-
denly larHe portion OF their assets
large amount OF valuable property belonging TO the
banks has also been beyond their reach and control.
With these various resources and fair and reasonable
time 70 realize thcm the proper managers OF the banks
those designated by the TO look after their
anirsare quite able in time, TO satisfy all the crcd
tors and something for the stockholders These
creditors embrace class OF the community who Of all
others need the aid and protection OF the courts and the
legal authory-to w.t. the note holders and depostors,
which include very largo porhon OF the poor
and thrifty OF our community.
The banks operating under the Free Banking act OF
1888 have secured their circulation by the deposit OF
State and city bonds with the state Audor and which
bonds are still 1t shreveport but are expected soon TO
be In possession, and VIII De promptly applied TO the
liquidation Of all the debts OF the banks 1t quite
obvious, however that u these bonds are suddenly
forced upon the Market they would DC sold a rates
which would greatly impair and dilapidate the re-
sources OF the banks IL Is, therefore emlnently to
the Interest OF the crcoors OF the banks tns they
snoula De luo,cous.y ana pruaehuy aum'nis'esed In
orasr 70 MAKE mem iuhy svMaoe: .,
rms can DC pest uone py ING uieo ana uus'wortny
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isIsuon OF ine osnn aa who a'e iaa wsn sn s
cosuou anu o.. @ wv. n, s.u ns,; our uy
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oI OBSERVATION-DISCLOSURES and iiouidstorshjps for their
sn..s 'P' INV 'f'' " ~