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The Bank of Albany. ALBANY, Saturday, May 11, 1861. The Directors of the Bank of Albany to-day applied to the Court for the appointment of a Receiver, with a request that the appointment be poetponed for a few days to give time for further examination of the affairs of the bank.
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Temporary Bank Suspension. ALBANY, Saturday, May 11, 1861. There has recently been a change of officers in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the Bank suspended business to-day, for the purpose of instituting a thorongh investigation into its affairs. Adam Van Allen is now acting as cashier. The bills of the bank are received as usual at par by all the other banks in the city, and arefully secured. The suspension, however, creates much excitement in town.
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The Bank of Albany, ALBANY, May 19, 1861. The statement in the money article of the New. York papers, that Cashier Kendrick, of the Bank of Albany, has absconded, is without any foundation. Mr. Kendrick is in this city, and has been for eight days confined to his bed by sickness. The condition of the Bank is not yet known. There are several conflicting rumors afloat. It is confidently stated by some that not more than half the capital of the Bank is impaired. Canal deposite to the amount of over $90,000 are in the Bank. Auditor Benton was at the Bank last night and it is understood an injunction WRS served upon the Bank last night on the part of the State. Another dispatch says the affairs of the Bank are in a very bad condition. Its entirecapital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositore. Its circulation is about $70,000, which is secured by $77,000 worth of New-York and United States stocks. The Directors of the Bank are among our wealthiest and most respected citizens, and they are the largest stockholders. The Bank has been enjoined by the Attorney-General, and a Receiver will probably be appointed to-morrow.
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Temporary Bank Suspension. ALBANY, May 11.-There has recently been a change of officers in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the Bank suspended business today, for the purpose of instituting a thorough investigation into its affairs.
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Bank Suspensions. ALBANY, N. Y, May 11-There has recently been a change of affairs in the Bank of Albany, and some difficulties discovered in the accounts, in consequence of which the bank suspended busines to-day for the purpose of instituting a thorough investigation into its affairs. A (nother dispatch says the affairs of the bank are in a very bad condition. Its entire capital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositors. Its circulation is about $70,000, which is secured by $77,000 worth of New York and United States stocks. The directors of the bank are among our wealthiest and most respected citizens, and they are the largest stockholders. The bank has been enjoined by the Attorney General, and 3 receiver will probably be appointed.
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GOING OVERBOARD.-The - Bank of Albany, N. Y., has suspended payment-" temporarily," the Northern papers say.
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The Bank of Albany. ALBANY, Monday, May 13, 1861. Adam Van Allen has been appointed Receiver of the Bank of Albany. Tue selection gives much satisfaction to the creditore of the Bank. The Superiotendent of the Banking Department states that the notes of the Bank are entirely secure, more than sufficient securities being in the department to redeem every dollar in circulation promptly. The entire capital of the Bank is gone, but from the present condition of the books, it is impossible to decide where. Creditors are believed to be fully secure in time, as the directors are fully able and willing to pay all its debts in fall.
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The Bank of Albany. ALBANY, May 13, 1861. Adam Van Allen has been appointed Receiver of the Bank of Albany. The selection gives much satisfaction to the creditors of the bank. The Superintendent of the Banking Department states that the notes of the bank are entirely secure, more than sufficient securities being in the department to redeem every dollar in circulation promptly. The entire capital of the bank is gone, but from the present condition of the books it is impossible to decide where. Creditors are believed to be fully secure in time, as the directors are fully able and willing to PAY all its debts in full.
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BANK DEFALCATION.-The - bank of Albany suspended temporarily on Saturday, owing to the discovery of a deficiency in the cashier's accounts. but the bills are taken at par by all other banks. Kendrick, the defaulting cashier, absconded several days ago. He had speculated largely in stocks. The directors of the bank have asked for the appointment of a receiver.
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The Albany Banks. ALBANY, May 20, 1861. In consequence of the closing of the Bank of Albany and the Bank of the Capital last week, there was some run ou the savings department of two or three banks bere this morning; but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted expitement. Extra tellers were employed, and depositors paid as fast as they could present checks. In all other departments of the banks all is quiet, and LO lack of confidence is manifested.
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The Albany Banks. ALBANY, Monday, May 20, 1861. In consequence of the closing of the Bank of Albany and the Bank of the Capital last week, there was some run on the Savings Department of two or three banks here this morning, but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted excitement. Extra tellers were employed, and depositors paid ns fast as they could present checks. In all other departments of the banks all is quiet, and no lack of confidence is manifested.
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The Albany Banks ALBANY, May 20, 1861 - -In consequence of the closing of the Bank of Albany and the Bank of the Capital, last week, there was some run on the Savings Department of two or three banks here this morning, but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted excitement. Extra tellers were employed, and depositors were paid as fast as they could present checks. In all other departments of the banks all is quiet, and no lack of confidence is manifested.
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Albany Banks. ALBANY. N. Y., May 20.-In consequence of the closing of the Bank of Albany and the Bank of the Capital last week, there was some run on the savings department of two or three banks here this morning; but the promptness and readiness with which it was met in every instance speedily restored confidence and quieted excitement Extra tellers were employed, and depositors paid as fast as they could present checks In all other departments of the banks all is quiet, and no lack of confidence is manifested.
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1000 433,323 Increase of the week as compared with that of 1860 The following is a comparative statement of the value of exports from commencement of the yearto May 23: Increase. Decrease. 1861. 1860. $2,403,090 $8,238,847 $5,832,757 Cotton 3,363,367 5,292,942 1,929,575 Flour $24,283 100,780 125,063 Corn Meal 5,367,063 681,492 6,048,555 Wheat 250,817 2,627,438 2,376,621 Corn 484,580 577,557 1,062,137 Beef 109,323 625,858 735,181 Pork $618,186 $10,617 022 $23,508,977 $13,510,141 Total $12,891,955 Increaseas compared with 1860 The Albany Journal of lastevening learns that" negotiations are pending between William E. and Henry Bleecker and Adam Van Allen, Receiver of the Bank of Albany, for a settlement of bis claims against them as such Receiver." The following letter from the Bank Superintendent has been received by one of the Troy Banks: "The bills of the Bank of Albany and Bank of the Capital may, in my estimation. be taken at par with perfect safety. The Bank of Albany has $68, 000 registered circulation outstanding to redeem which I hold $77,000 Stocks The Bank of the Capitol has $75,000 circulation, for which I hold $85,000 Stocks. In both cases the Stocks are chiefly New-York Stocks. I shall sell these securities in about three weeks, or as soon as the proper legal steps can be consummated." The exchanges at the Bank Clearing House this morning were $12,814,058 20. The exchanges for the week ending to-day were $94,155,277 62, being a daily average of $15,692,546 27. The Merchants' Bank of New-York, has declared a semi-annual dividend of 3 p cent, payable on the 1st of June. The tolls on the Ohio canals for the six months, ending May 15, 1860 and 1861, compare as follows: 1861. 1860.
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Bank Failures at Albany, New York. The old Bank of Albany, and the Bank of the Capitol have both failed-owning, it is said, to disbonest manage. ment. Albany banks have been unfor tunate in proportion to their number.The State Bank years ago suspended the payment of dividends for several years, through the defalcation of a trasted Tel. ler. The Commercial Bank was nearly ruined by the operation of its Cashier, Mr. Baretow. The Canal Bank was destroyed years ago, and its Casbier, Mr. Olcott, was for a long time imprisoned. The Watervliet Bank, in the County of Albany, was used by a brother of the Ceebier of the Canal Bank, who ran a. way.
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but in favor of fortifying the heights fronting it. BANK SUSPENSION. Albany, N. Y., May 19th.-There has recently been a change of affairs in the Bank of Albany, and some difficulties discovered in the accounts in consequence of which the bank suspended business today for the purpose of instituting a thorough investigation into its affairs. Another dispatch says the affairs of the bank are in a very bad condition. Its entire capital is undoubtedly gone, but it is believed its assets will be sufficient to pay depositors.
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Exchange in St. Louis has declined to 10 ₽ cent, but is not reliable at that figure. In Milwaukee it ranges from 6 to 8 cent premium. Other points are unchanged. The Montreal Gazette says that at a meeting of the directors of the Grand Trunk Railway, held in that city on Friday last, all the Canadian directors determined to resign, and their resignations have been forwarded to England. At the annual election of the stockholders of the Ga[ena and Chicago Railroad, on the 5th instant, the following gentlemen were chosen directors: W. L. Newberry, W. H. Brown, John Wentworth, a Lunt, F. Mosley, E. K. Rogers. George Smith, in place of Jason Mc. Cord, declined; George Watson, in place of Jonathan Burr, declined: John H. Foster, in place of E. C Larned declired-all of Chicago. C.S. Hempstead, Galena: T. D. Robinson Rock. ford; D. A. Knowlton, Freeport; W. H. Ferry, Utica, N.Y. Upon the organization of the Board, W. L. Newberry was reelected President, and W. H. Brown Vice. President. The debt of Vose & Co. to the Bank of Albany has been settled by the Receiver for $125,000, which, as we understand it, is about 30 ₽ cent on the claim. It is proposed to reorganize the bank under the title of "The Albany Bank." The Home Insurance Company of Boston has been enjoined. The following is a statement of the amount of grain held in store by the Western Elevating Company, at Buffalo, also including that in the Richmond Elevator, on the morning of Wednesday, the 5th inst., and Wednesdays, the 22d and 29th ult.:
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Total $235,931,242 $ 163,045,033 * 55,099,866 17,053, 175 Last week 240,449,967 167,125 901 56.146,436 16,992,107 217,243,294 116,483,335 31,218,732 19,907,677 Last year The money market continues to exhibit the easy features before noticed, and the supply is abundant for the wants of stock and mercantile circles. Rates of interest tend downward. Demand loans are 5@7 p cent; first-class paper, 6@7 v cent. A line of sixty-day acceptances of & leading house sold to-day at 5 v cent. Mr. Van Allen, Receiver of the Bank of Albany, has declared a dividend of 461 cent upon all dewands against that Bank that have been accertained and allowed. The dividend is payable at the Merchants' Bank of Albany. The receipts of the Morris Canal, for the week and season, compared with those of 1860, have been: Total to Oct. 27. 1860 $298.690 36 10.836 $309,576 37 Week ending Nov. 3, 1860. Total to Oct. 26. 1861 $231,341 81 9,366 89- 240.708 70 Week ending Nov. 2, 1861 $68,867 67 Decrease, 1861 of the a following is The
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LEGAL NOTICES. TATE OF NEW YORK-IN SUPREME COURT, Albany county. To Lydia Conklin, Spencer Conkiin, Mary Johnston. Isaac W. Johnston, Julia Savary, Pelez B. Savary. Alanson H. St. John, Elizabeth 84. John, Charles A. St. John Juila G.SL John, Mar. E. St. John. Lafra 8. St. John, Edward M. Courtright, Patrick Murphy, Eliza Brien, Jacob L. Yates, Chauncey P. illiams, Henry W. Page. Adam Van Allen, receiver of the Bank of Albany; Syivanus P. Jermain, Volkert P. Dowd. executor of the last will and testament of John S. Beekman, deceased: Horace Webster and Philemon Fowler, executors, and Louisa K. Bartlett. executive of the last will and testament of William Fowler, deceased: Sylvester F. Shepherd, John W. Patten, Robert J. Patten, John D. Livingston, Joseph M. Bullock, Walter c. Many, John W. Jenkins, defendants. You are hereby summoned 10 answer the omplaint of Stephen Pad. d'ock. plaintiff. which was filed with the clerk of the city and county of Mondy, on the 28th day of February, 1863. of which a copy is hereto annexed, and to serve a copy of your answer on me m my office, in the city of Albany, N. Y., within twenty days after the service of this summons, ex. clusive of the day of service. And if you shaft fall to answer said complaint as hereby required, the plainuft will apply to the Supreme Court / or the relief demanded in said com JOHN J. BURTON. plaint. Plainsid's Attorney, Albauy. N Y.