The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-10-11


There many features Of interest to mark In the
above statement ALI the items Of liabilities rsma ned
nearly stationary during the month Of Angus. The
lumber trade s the only active at that time and
money is required By parties to bring forward the
numerous RATS then their way TO Quebec Caryoes
OF sawn lumber are also actively moving but. In other
respects, the month 10 usually q dull one. OF the
assets there has been . those Immediately
available the extent Of 000 OF wnco $500 900
are accounted for by increase OF discounts. and
$3.50 900 by increase in government sscurea the dis
counts this month have touched tho highest point ever
known in Canada namely. $50, O0o,0 900. Though do
mand for discounts to keep them fully In use.
Respecting discounts. there has been Of late years
has been cleared away aud the greater portion OF
paper now current issued for actual commercial trans
actions.
The principles Of banking loans are now better undse
stood and more strictly applied: and where this 10 the
case - Tar better Tor borrower aud lender The banker
who allows indifferent paper 10 creep In and to DO
Rod from year does his customers
Tho report OF the COMMITTEES Of Investigation the
that reducing the capital Of the bank So 400 900
Gas stated in nv letter Of yesterday. thy had made
solid foundation for future operation. The committee
Of caution and discretion and dssrous rather
70 undertake losses than the contrary Otncr banks
before now, ana have done we'll Afterwards The fate
OF the Bank OF Upper Canada need not be 1t all appre
hsnded for the CommercaI Bank 70, = has not such
Of rubbish TO drag down had the pct bank Of
the government which, IKE the bank itself. was cor
rups and unsound
y
In the United Statea There Is less risk run, the bulk
OF the paper discounted being short dates three
four monfhs, and bearing two good names upon each
note Tho greatest risk 10 incurred In dealing In bills Of
exchange, which are not always honored and back
upon the drawers In some cases. to break them up.
commercially Then tho bank loses, and 10 in this
way that the Commercial Bank met with Of its
losses Government, BY way Of creating an esprI d.
regiment OF volunteers for . band fund Now for
noise This will hardly oil up the various corps called
rsgments however.
Jeu Davis 10 at 81. GATHERINGS Ontario. Thus no
slowly approaches the Niagara frontier, be ready "
90 and stand his trial
Several Car Loads Of Fcnian Arms Reported
Sccreted on the New York B0rders of the 81.
Lawrence Preparatory 10 Another Invasion
ToRoSro. Ontario, Oct 10, 1851
The Go5e's Ottawa correspondent says IL IL reported
that several car loads Of been discharged a
Posdam or Malone for OF the Fenians con-
veyed into the country bordering the st. Lawrence
river aud socreted TO DO ready when required the
Brotherhood The report caunot be traced 20 reliable
source. but 10 believed by the people ~ Prescott ana
other points on the river.
The Resigsntiou OF tho Nova Scotia Local
Govcrnmc1t rendered TO tho Provisional
Governor.
orrAwa, Oct 10. 1875,
The members Of the local government OF Nova Scotia
have rendered their designations TO Sir r. Williams
He declined TO receive them his appoi Is only
provisional. aud he leaves for England on tho 2lth
General Doyle will then be sworn in and the nav local
cabinet organized
Colonel Walter Miller M. p, OF England. il here ex.
nsninng the working OF Canadian insttrtions He will
rska tour Of the United States before returning 10
Mcrland
l. "a Aonck and family arrived yesterday.