The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-17
FINANCIAL AND COMMERCIAL.

TUESDAY, NOV. lt-b 4. M.
The question OF clearances was again the subject
of an animated discussion In the Gold Board which
held SPECIAL meeting shis afternoon, for the pur-
pose 81 receiving the report OF tue Goa BANK as
follows:-
NEW YORK GOLD EXCHANGE BANK,
NEW YORK, Nov 10, 1869.
= p. UspERHILL, President New York Goi'
snane ,,nmnnica."- IRON, Thomas p AKers.
secretary, advising fic bank Of tho following action
had by the Exchange on the 18th inst Is received:-
Resolved That the Gold Exchange Bank be
BANK also 70 report parties Who have failed %
then statements Of Friday tho sh Of September
In reply to the first portion OF the request state
ment OF tue bank Is herewith glyen:-
Cash on deposit In the Metropolitan Bank. .s134 400
on deposit in the United States Trust Com
:, Pany .:............ ....'..'...''.'' 'SS S3
New New York State bonds with Baak Depart
ment.. AAsooo
settIcmcnt nv the receiver. ... 10000
Want ana INJURIES Observation-Disclosures. 49, 600
Fines ana commissions due. ...... ......., 1900
Total. ACKNOWLEDGEMENTS. soo2, 500
Claims IS rendered by statement by c. n. ooo
Claims AGAINST the bank in dispute $1,000
In regard 70 furnishing the names OF parties VINO
have faed 10 make good thelr statement OF the 2atn
OF September last we beg to say thai opv,,
OF the board or directors 1t Is considered ineXpe-
dent TO furnish any names beyond those her etofore
Most OF the parties against whom claims exist are
consldcrcI good and O settlement With whom VIII
not necessarily impair their standing Furthermore.
As The statements OF dealers TO the bank settled
IN most cases Dy the receiver II would not be proper
for the directors 10 discriminate between the men,
bers as TO the question OF failures under the clearing
rules ana the directors would resp ctfully recQm-
mend tlat al disputes arising out OF the coinp;Ga-
tons OIL the clearing movement OF September "a last,
between members OF the Gold Exchange and this
bank be referred to the arbitration committee for
settlement. to whose decision the bank VIII cheer
fully submit.
In regard TO the amendment to the fifth article
passed by the God Board, the directors would OBJ
serve thal In complying with II they would expose
themselves TO charge OF breach OF faith towards
portion OF their dealers and perhaps lay themselves
open to legal proceedings. And therefore respect
1uliy ASK . reconsideration OF SAID amendment. BY
ofuer OF tue Board Very respectfully yours,
JACOB RUSSELL, CASHIER.
motion TO reconsider the action OF yes terday
prevailed, and the report Of the committee was so
amended a. TO allow the same persons The privileges
OF the Clearing House who heretofore enjoyed them.
IL was furthermore understood that the bank VIII
not commence clearing until Monday, so that until
Saturday next all gold transactions Will be still ex
Clearing House. These arrangements are binding
until the annual election on the 7th OF December
next, when, with a new regime IN the Gold Bank,
more harmonious state Of affairs may be brought
about especially as 1t is proposed to then make good
the deficiency in the capital Of the bank.
Gold was very steady to-day, ana ranged only
from l27is to 1914 the weakness OF governments in
London Keeping the market finn. Holders paid nom
seven 10 six per cent TO have their balances carried
The price at the different hours Is shown In the