The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1866-06-18

the same time tcnd to rrccp,tate tas breaking down
Of the speculative manis before u had reached degree
n.y. Even 10 the return OF this week the stock cf bullion
l. shown 10 be nearly twice geai that Shch Was
held IN the panic OF 1877 and nfiy per cent IN excess of
that OF lN1 This Is peculiarly favorable circ m
stance and seems 10 warrant the generally expressed
belief that the restoration Of confidence wlt DO work
Of much smocthness tran any OF The former
periods Of difficulty. aud that the losses rom the break
mp opo even o. propsry w DC e.s
Annexed is a csnparisop OF the state OF the Bank
accounts and the prize of consos in zach ~ the three
nis that have hsl nee since tho passing Of The act
oi 1915 ~
Rrk6
Votes IN D,,e.ani Prieef
ls47. .Es, 4os, .Jo 6II76740 7sa4
,sss 1891 s.s.ses e, se 9s3.S 9sossS 10 10 sst
the LEEDS BANNING COMPANY Agp IT'S MASSAGE
MRNT.
from the London Tmcs, june 8
Yesterday, Leeds, Mr. Edward Greenland, the quon-
dam manager Of the leeds Banking Company, which
failed the l9 OF sepember 1854 was brought before
the magistrates To answer the charge Of having made
false bali yearly and weekly returns Of the unStamped
notes and bills Of exchange issued ny that bank IN
cordauoo With the OH of George W. chap ~, and tho
1th and Sh of Victoria chap 81 The crowded
aud excited multitude waited outside 10 learn the
result Of the investigation Mr. " lewis, brriStcr Of
London INSTRUCTED by Mo srs North Sons OF Iends
conducted the prosecution behalf ~ the Chamber
OF Commerce. and proved that the bank authorized 10
circulate - notss representing 123 oI6 and that the man
ager had made aihdayit that that the amount
but tho 18th OF June, 1854 tue nrlua Issue OF paper
10 the extent OF f26 1866 Having established this,
Mr lewis asked for remand but SAID on future otra
SION Il should be able 10 prove that or live yearslrom
1859 TO lebtevery one of the returns made by Green
Land TO the Inland Reyenne Department was false. He
also added that future occasion certain other
charges Of forgery and sud might be brought against
the prisoner.
18Th inst. ana willing 10 admit the prisoner 20 ball
huisef IN fs 0oo and two snreties in Gi 500 each We
may add that the cashier OF The bank proved that he
lad called MIR Greenland's attention 20 the fact that
there not sufficient note. 20 enable him to make
proper return Keep n within the limits and Green.
land told him TO AXE Bank Of England aud g'her notes
70 make up tho deficiency.
THE SOLID a.S or ENGLAND AGAINST 'sHENr
PER suEsr'i AND sBoppY.
ft'roin the London Times, May rs
The present state of the money market viewed in
conjunction with certain other symptoms OF social
me e,y NIX ~~ rca e or he day v1a e %sn II
ynot Of ntonrys ,rorts, bat OF money itself .
much Of tins commodity has been lock d up thar,
though may all be safe enough there IL none Of il 70
bc had Neither credit goods, nor the material pro-
ducts Of industry nor securities representing nndoubcd
values viii procure bank notes soyeregns We have
an b en- working hard enouah ani ulon tho whole
have been frugal enongh-ihnt Il, IN everything but
entcrprise--sna we are IN reality rich enough, bat
cannot get suihceney Of that circulating medium
which u occasionally required. For casiosf0so oa of
ten per cent. or. in other words twco The nscal
charge, the Bank Of England Will sill mate limited nd
vsnccs upon consos anu relieve iundholacrs tom me
necessity of selling AT Sc bit except On such caIIes
such terms there - money ~ br had Foreign.
actually under the impress ON that at the cash
has lett the country, aud has mfaken the sifp psob
cg ilc Bank Charter ac Tor c suep lon u pecie pay
menis at tho hauk. circular has been t.sncd fOm '
fogcgn ODcs explaning tal noing has boon Disturbed
bat credit and HAT NC are -iil as - ch IS eTef bst
perhaps n recent trans1ction may on, .hien
Continental fsends a ltle further On Tie subject
on Friday, theu, ~ tho West End " tue there
was ale or jewels gonS on Ias, vhen AZ the Eas End,
scarcest " nol a large col
lection, bat the specimens were good, aud anybody
might have ianoed tual the opportunity w"- an excel
lent on for making cheap purchases. II money was 80
il would surely 20 good way. Wei, wo wiA
how far IL went pair or diamond earrings
pui up. and fetched Just fourteen hundred and hfy
guincas Then tbcrc klaee formed Of single
OF diamonds, tho stones being ''old fnsiishta. i
as e., 70 snsaSe ~ many yss as9 ~ ~ aa . III
brvyhs ~gbs b-udrrd md forty-h1r rnlnea-
pearl necklace fetched ono hundred and niney.hyc
gnncss Cheaper earrings went for Three hundred
guncas little more. Single Stone averaged
about one hundred and eighty guncas. A. another sale
d ring with one diamond In II knocked 20 a
fortunate bidder three hundred and iory gum Rs
and loose diamond with nne aspfcad fc'cNcd two
hundred and forty ive guincas rcrhars However Il
may bo imag ned that jewels good god and
thai The payment Of all this money Vf values absolutely
IDENTICAL signifies nothing, We Ai 90 c'ammo tbat
hypothesis, but will take another rxhmrs % tSo %
which il win certainly no, apply
Lat Saturday week smell Collection 0f pictures
md drawings mostly by mOffln lN nrs, vas x subs
initied TO public cosnpoillen, md With hr follow
ng Iesus One picture fetched ono hor AM ihrse
hundred guinees anchor Que ihor.aud iwo hundred
,uncag, and third over o8c th0ugaai 4utas view
81 Ncntnor, IN Tho Isie o. Wish brought n.nc hundred
and ecrenty-iVc glncIs, aud p4r IL companion pic
,rres-ycgs ia Holland--ouo lloasini eight hundred
gnncas. Altogether tNeny-sx picture a-d three draw
mgs realized exactly ten tbou-and iegr hundred and
Tly pounds Tbs auction aas followed by another A.
winch The remN Of the sae knocked down Tor tfn
thousand guness while Tor twD oihef spcsinons nearly
three thousand gunea- we're Obtained. yeN a tho
Thames Madenhpad vent for hnndrs Ani sixty
gunoas Coast Scene Ny 'ho same artist fof eht hun
dred and forty guncas The total produce W toe second
safe nearly eighteen thousand pounds the sgfrc.
gate result Of tue Two being tie realization Of tweub
gbt thousand Two hundred and cighty-hyo pounds
money Four days later there another picture
with results of precisely the character On sa,ur
day the roys yesr ng. fetched average upwards
~ four hundred snneas piece In fact, We need not
accumusts examples Every peryon acquainted With
such matters knows falI well ha. though money NAV be
the financial market u " abundant enough else
where and thu while the extremity Of pressure . fei,
eager purchasers al prices absolutely fabulous.
Il 4 be sked how this contrast arses, aud hos u
happens that money does not Ind ts level by flowing
from regions where q abounds TO region where Il Is
anxioasy sought for the reply be easily given
II would be rather dtcreditabe u, Ike sassgss, We
valued beads and colorcd stones above useful wares
AMI merchandise; but that need not b. assumed
Tie fact w. the classes concerned 10 these tanartions
are Gepsraied widely from each other The who
has thousand pounds to spare for painting, dia
mond a horse may he entirely uuscqus nted with
financial transactions Commerce or al sny rate finance
has world Of lls own, aaa naf cUid fnhaim,d
aeai commercially ,cin ner moneg ari mate a
of disc0uuIng bill making advances upon securities
whatever might b. the profit stsnable The purchasers
~ sapphres rubcs al about S thousand guness
ounco tsobaby could not have told the bank
rate o discount al that minute, and would not have been
tempted by u u they had known. fds.d, y "a cnfs
hcde hat ~H>y i,sdpg povs u ~ not worth white for
. take q small capital into ihe money make, for
the AXE prices which may sli have vanished IN
month
Tho money Of the outer world does not flow
tho regular city market because there
toed channels Tor H. nor, indeed, would u be SUFFICIENT
Ia 10 MI the vast gap which the interruption ~
oredn has created more effective o. relief
trut, will soon be found bat, ~ the meantime, our
Boigbots may themselves that not realty
any poorer than before.
sPEcrL arfoSs IN corToS--uov rHgy ARy aAS.
AGFD.
The London Sunday Gos,as gives, an Instance n
the peculiarly speculative nature ~ ~ the btsl.
which brought about The money panic la England
the following story Ia oonncctor With OF the largest
Arms IN Liverpool
The arm Ia question have recently compounded With
their creditors for under ten shilpngs the pound
aud this VIII have 10 be paid In hfe Ia talinenlS
extending about eighteen months There ~
however, Just . probability that they may sgsin
bs placed In position 20 resume business aud
psy their debts in fail I, appears that Their
chief have been Ia cotton which now of course
relatively At great depreciation. They pnFehsseJ.