6d2da24cAccommodated withdrawals, Capital injected, Full suspension, Books examined
Other: Bank later went into assignment/receivership and sales of assets reported (1858).
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Run Upon the Lancaster Bank. LANCASTER, Pa, Nov. 17-There was a run upon the Lancaster Bank to-day, but it is now over, and the bank remains firm and soundA election for directors and officers was held to-day, when Mr. Buchanan, the old Presi dent, resigned, and A. Herr Smith, Esq, was unanimously elected his successor.
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Run Upon the Lancaster Bank. LANCASTER, Pa, Nov. 17 -There was a run upon the Lancaster Bank to-day, but it is now over, and the bank remains firm and soundA election for directors and officers was held to-day, when Mr. Buchanan, the old Presi dent, resigned, and A Herr Smith, Esq, was unanimously elected his successor.
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REPORTED FAILURE OF THE LANCASTER BANK CONTRADICTED. PHILADELPHIA, Monday, Nov. 17, 1856. Rumors have been current here to-day to the effect that the Lancaster Bank of this city, had failed. We have a dispatch from our correspondent at Lancaster, dated this evening, who states that there has been a heavy run upon the bank to-day, but that it discharged all the obligations promptly, and is understood to be able to meet all possible demands of its creditors. Mr. Beachmon, the former President, having resigned, A. Herr Smith, eeq., was unanimously elected his successor.
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Bank Failure. LANCASTER, PA., Nov. 18.-The doors of the Lancaster Bank closed this morning, and a card was posted on them stating that it was impossible for the Bank to meet its liabilities at present, but advising note holders not to sacrifice them. as the assets are supposed to be ample. The suspension caused great surprise, after the statement made of its soundness yesterday, when a run was being made on it.
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The Reported Failure of the Lancaster Bank. LANCASTER, Pa., Nov. 18.-A notice is posted on the Lancaster Bank door this morning stating that The run having been made, and notes being refused by the Philadelphia bank, the officers deem it impossible to meet the liabilities as presented, and are compelled to close the bank. Note holders are advised not to sacrifice the same, as the assets are supposed to be sufficient to meet the circulation and deposits. The statement of its condition will be made known as soon as a complete examination of the condition of the bank is reported. Signed, " H. RATHBURN, Cashier. The suspension of the bank occasioned general surprise, as the ability to meet its liabilities was generally conceded yesterday.
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SUSPENSION OF THE LANCASTER BANK. PHILADELPHIA, Tuesday, Nov. 18, 1856. A notice was posted on the Lancaster Bank door this morning stating that & run having been made and their notes being refused by the Philadelphia Banks, the officers deem it impossible to meet the liabilities as presented, and are compelled to close the Bank. Noteholders are advised not to sacrifice the same, as the assets are supposed to be sufficient to meet the circulating deposits. A statement of its condition will be made as soon as the officers elect can complete an examination of the condition of the Bank. The suspension occasions general surprise, as the ability of the Bank to meet its liabilities was generally conceded yesterday. The Lancaster Bank failure is reported to be in consequence of speculations in the Shamokin region by irresponsible parties.
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referred to Mr. John Tucker for arrangement. Central W38 87% decline of I P cent. Panama 954. New-Jersey Zine sold at 7, which is an advance. The finances of this Company are reported to be in a very favorable shape, and the business increasing. Delaware advanced to 127, and Pennsylvania Coal to 961. Western shares were in fair request at about previous prices. Michigan Central sold at 961. The semi-annual dividend will probably be 6 P cent cash. There is no intention entertained, we believe, of declaring any stock dividend. Michigan Southern was 862 @ 867. Rock Island firm at a95. Milwaukee and Mississippi sells freely at 77, and La Crosse at 81. Toledo closed at 711, buyer ten days. Galena is 115 regular, and a good demand at 116, buyer sixty. IIIInois Central Bonds are in demand and firm at 902, best other descriptions are quiet. In State Stocks the business was $60,000, including $50,000 Missouri & at 89f regular, and 891 buyer sixty. There was a fair amount of business done for the Boston steamer in Sterling, and outside bills not being very plenty the market was firmer. the Aces however it exhibited some weakness. Sterling wassja91 with but few transactions at the higher r its. France 1819 e 1689 To Liverpool the engagements includ a 5,000 tabls. Flour at 2s. 9d. @3s.: 30,000 bushels Grr Amet >10d.; to spoop LARD) I 70 coder bales 22s. 6d.a27s. 6d. To London, 6,0 R bbls. Flour at "PET 15 many siped snq 000'97 L Pil '88 e 'sg and Heavy Goods at 27s. 6d. 30s. :SBM &v eqf JO business ell $225 55; Payments, $188,299) 25; Balance, $11,'98 The business of the Clearing- 'House was $28,297 ,000. here was sent over to Boston to-day, in Gold, for the Wednesday steamer, 4,000, of which $200,000 were by Mr. Belmont. This is considerably less than -A08 000't quos also $19.71 SEM ereigns for Halifax. A dispatch to Mr.John Themipson etates that the notes of the Canton Bank, at China Me., are thrown out by the Suffolk-Bank, Boston. We stated this morning that the notes of the Lancaster Bank, Pa. were thrown out at Philadelphia and in this city. A dispatch from Philadelphia to-day states that the Bank has closed its doors in consequence of the run upon it. Holders are advised not to sacri fice he notes, BE it is believed that the Bank has assets to pay all its deposits and circulation. It is believed that some streng parties can be brought intothe Bank, and that it can be resuscitated. The Lancaster Express of Saturday afternoon says: This afternoon, owing to some misapprehensien of ague reports in circulation concerning the Laneaster Bank, a pretty sharp run was made upon its vaulte for several hou 8, all demands being promptly met in specie. The bank kept open longer than the usual heurs, to satisfy demands. which helped materially to keep down the excitement and maintain public confidence. We assure our readers that they need have no apprehensions or doubts in regard to the solvency of the institution. The panic was caused by false rumors founded on the fact that Mr. B.C. Bachman, the President, had resigned, and that a new President will be elected on Monday. We understand that A. Herr Smith, esq., will probably be elected, when entire conin the institution will at once be restored, as it is prepared to meet all its liabilities promptly." The Philadelphia Ledger says: " Notwithstanding the efforts of the Bank Theet the de mands on it for coin, our city banks would not have faith, but refused to touch its bills. The doings of this Bank have for some years been a matter of so ! licitude to the knowing OBES, and the trouble now is no matter of surprise. We understand that astrong Board of Directors was elected yesterday, who will choose a new President." Adrian M. Muller will hold his weekly sale of stoeks TO 'Moolo's for in spuoq pay the Merchants' Exchange. No report has yet been made by the Committee of the Stock Board in the case referred to this morning, but it is understood that the Committee are unanimous in the opinion that the member of this Board that sold the Bonds as agent of the real seller should be released from his contract. The Superintendent of the Banking Department give notice that the circulating notes of the State Bank at Sacket's Harbor will be redeemed at par on presentatiation at the Union Bank of All any, The Money market on call is quite easy. The large Stock houses have full supplies of money. Paper is in B easy reter the pus cette, 4 01 v6 18 pushap pood downward tendency. The Banks are accommodating their dealers more freely, being strengthened both in deposits and specie. The foreign advices via Philadelphia are not very important, but favorable generally. Consols had adSUM Pains nj subjects Jo state the pus 'E6 e 166 07 improving. The restrictive measures taken by the Bank were evidently lessening the dangers of a crisis. Cotton and Breadstuffs were heavy in Liverpool. The advices by the City of Washington have had an unfavorable effect upon Breadstuffs. Flour has declined 10c. P bbl. on low grades, and Wheat 2a3c. P bushel. The transactions, however, are to considerable extent at the decline, including 14,000 bbls. Flour and 85,000 bushels Wheat. The shippers are free buy ers of Wheat. Corn is steady. Pork continues to decline, with free arrivals. Coffee is more active, with sales of 4,300 bags Rio, an entire cargo. Sugars, with more doing, are lower. Mr. Scott Coffee Circular gives the annexed statistics: """ Stock of Rio on the 11th Nov., 1856 000'91 Received since to date. 120.09 Total 986'9 Sales for the week estimated at Stock of Rio on the 18th day of November, 1856 54,011 Stock of Java Coffee. mats 12,000 Stock Java Coffee Government baga... 3,200-15,200 0041 Stock of Ceylon Coffee 2'000 Stock of Maracaibo. 009'T (esult Susom) Jo Stook 091 Documento 48 jo $2018 099'6 Stock of Babia 116'98' Total bags and mats. 01 ;unours X09M and ag: Supinp Rib 10 sq 30 posoderp were 917 Jo : элоqв peoped 88 'sreq 986'9 103 off di 9.89 11216 18 that 4141 the medium and low kinds. The other transactions were effected names on suproper "***" 07 to mon sajet 18 auction sale of Riois announced for the 25th
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BANK FAILURE.-The Lancaster (Penn.) Bank suspended specie payment on Tuesday last, and gave notice that its doors were closed. The failure is said to be in consequence of speculations in the Shamokin regions by irresponsible parties.
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LETTER FROM THE EDITOR DATED, W ASHINGTON HOUSE. Phuaaeipuru, November 10, 1856 Although the elections are over, and every thing appears comparatively quiet, there are indications that the political elements have not yet settled down submissively to what has been supposed the expressed will of the majority, at the ballot boxes. It was supposed that the election of Mr. Buchanan was a fixed fact, and 80 such a result would have been deemed at any previous election since the organization of our governmont. The almost overwhelming vote, at the late election, by the opponents of slavery. has alarmed the fire eaters of the South, and, already, they are organizing conventions for the purpose of controlling the administration of Mr. Buchanan. Gov. Weise, of Virginia, is now on a visit to Mr. Buchanan, at Lancaster, and it was positively asserted, in advance, that the object of his visit is, to obtain from Mr. Buchanan pledges in writing that he will use his influence to make Kansas a slave State, and should he refuse to give such pledges, then to state to him frankly that the electors of Virginia, and some from other southern States, would cast their votes for Mr. Fillmore, and thus throw the election into the House, and as the probabilities are, that the House could not agree, Mr. Breckinridge, the Vice President elect, would, by virtue of the Constitution, become President of the United States. Such, no doubt, is the scheme of many of the designing politicians of the South. Such men as Jefferson Davis, Atchison and other nullifiers and disunionists, will stop at nothing to accomplish these measures. But will Mr. Buchanan yield to their request ? We do not believe that he will. His answer should be, and no doubt will be, that he can make no pledges in advance, and that he will administer the affairs of government according to the Constitution and laws, without regard to sectional prejudices or sectional interests. There are various rumors, already, in circulation in regard to Mr Buchanan's Cabinet. Hon. Howell Cobb and Mr. Toucey are both spoken of as most likely to become members of the Cabinet. They are both able and conservative men, and would be an honor to the administration. Gov. Seward is now, and has been several days at the Washington house in this city. In reply to one of his friends in regard to the defeat of Col. Fremont, he remarked that they did not run the right horse." The Governor's friends are preparing him for the course in 1860. He is unquestionably one of the ablest men in the Senate, but his peculiar views render him unpopular, except with bis own friends. The news of the suspension of the Lancaster Bank has been the subject of consid. erable comment the last few days. The Bank has always sustained a good reputation, and will, no doubt, resume operations again after the storm has subsided. The friends of the Subbury and Erie road are making strong efforts to put this great project on a footing that will insure its early completion. The time has arrived when something must be done, and as all admit its vast importance to the city, something I trust will be accomplished. The North Branch Canal has at last been put in navigable order. The coal operators in the Wilkesbarre region calculate largely apen this Rew avenue to market.
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Our Laneaster Correspondence. LANGASTER, Nov. 24, 1856. Who de Mr. Buchanan's Confidant ?-The Back Track at the South-Offise Seckers- Visiters Thinning Out, dic. Visiters to Wheatland are thinning out amazingly, since it has been madeknown that Mr. Buchanan will not make a confidant" of every " honorable" who had an aspiration that way. Mr. Buchanan never had many who could really be termed " confidential friends. Of course, a man of his age, and the experience he has had in public life, would possess a grace and cordiality of manners that would attach many of the public men to him personal y and politically. But " confidants" he has few indeed, and but few now find themselves on such terms of intimacy, as to be able to get even a slight intimation of what he will, or will not do. Even Governor Wise, wh- though a personal and political friend of years standing, found himself in this position when he came here last week. Yet the Governor did get to know enoughand it was necessary-for him to write, the first evening he was here, to the Richmond Enquirer to take the back track, and say that the article in favor of re opening the slave trade, was all " fun." Not a bad dodge that. Mr. Buchanan has made up his mind, and tells his friends so, that no democrat now in office will be re moved. Are not all the offices filled by democrate, and did they not work hard to elect him? Did they not all contribute liberally towards the electioneering !undi But when the commissions now held are about to expire, the outs" can present their papers for congideration. This will give rival candidates time sufficient to demolish each other, and give a fair chance for a compromise" by re-appointing the present incom bents. A few evenings ago, while I was sitting in the side room at the hotel 1 am staying at, I overheard the town politicians who were sitting around the stove, tell an adventure a distinguished Lancasterian and friend of Mr Buchanan's had with him OR the subject of office hunting, which I do not think will do Mr. Buchanan any harm to tell to the readers of the HERALD, and may do the readers, particularly those who intend to apply for a "berth," some good. Mr. Buchanan's friend, who is said to be somewhat aristocratic and important, and perhaps wished to "draw" the President elect "out," Well, Mr. Bucbanan, now that the election is over and you are elected, you will be run down with candidates for office." Old Buck raised himself up, à la Jackson, and said " Mr. R-- I'll be - if I will." This answer left the Lancasterian without anything more to say on that subject; and " candidates" will do well to recollect that Mr. B. will not stand being "bored." He is right. While he will treat all who are gentlemen as such, he has LO idea, in his old days, of being badgered at every turn for an office. Should I remain here for a weeks more, I may give you short sketches of the local and intimate friends of Mr. Buchanan, if he has such a one besides Col. Forney. LANCASTER, Nov. 25, 1856. More Visiters to Wheatland-Every Nation has the Mecca -The Home Organ and the Know Nothings-The Lancaster Bank. The Hon Jas. L. Gillis, of Elk county, the lately elected member of Congress for the "wild cat" district in this State, and Judge Barret, of Clearfield, Pa., paid their respects to the "Sage," at Wheatland, to-day. Judge Gillis is an old stager on the political board. He has frequently represented his district in the Pennsylvania Legislature, and has waited long and patiently for his "turn" to go to Congress. Judge Gillie was implicated in the abduction of Morgan, and I have no doubt but what there may still be found a few pious anti Masons who will read his name with a shudder. What says Thurlow Weed? George Sanders, of New York, registered his name at "Michael's" to day, and immediately posted off for Wheatland. This, I am told. is Mr. Senders' first visit since the election. Before the election his visits were quite frequent. What BLUg office is in reserve for him? I dropped into the Court House to day, where quite an important "ejectment" suit was being tried by the "lions" of the Lancaster bar; the Hon. Thaddeus Stevens for the plaintiff, and Hon. Thomas E Franklin and Ool. Reah Frazer for defendant. Col. Frazer is a candidate for United States Senator, but without any chance of the caucus nomination. He is a man of considerable energy of cbaracter and reputation as a lawyer and democratic politician, without much real talent or ability. From what I am able to learn, the Hon Chas. R. Bucks lew, a Sepatorial elector on the democratic ticket, is likely to be the caucus nomined for United States Senator. Mr. Buchanan and his friends are determined that a first class" man stail be elected. Mr Buckslew is said by those who know him to be that. Gov. Bigler-who was elected to the Senate last winter-and Mr Buchasan are not such cordial friends as to be a desirable leader from the President's own State in the Senate. The home organ, the Intelligencer, is barren this morn ing in anything of interest. It copies the denial of the Pennsylvanian that Mr. Slidell and Mr. Douglas had visited Mr. Bucbanan. The report of these two gentiemen baving visited Mr. Buchanan had about as much foundation for it as that other one, that Mr. Buchavan and Gen. Case attended the funeral of the Hon. John M Clayton. The Intelligencer, which was 80 wonderfully in love with Mr. Fillmore and the "true" Fillmore men before the election, has resumed its labor of love' again, and pays its respects to them in the following phoice paragraph, which I commend to the consideration of those who were so " true to Mr. Fillmore as to prefer Mr. Buchanan to Col. Frement. It is from Mr. Buchavan's home organ, they will bear in mind, and may be taken - his opinion of them after election:The Fillmore organs are dying out all over the country. Know Nothingism, it appears, don't pay. The American Organ, at ashington, a virulent Know Nothing print that was daily filled with all kinds of slander against the men and policy of the democratic party, has "pegged out.' The American Democrat (8), at Baltimore, a print of the Plug-Ugly stripe, after sinking at least $65 000 for its publishers, is no more. The Daily Dispatch, a Fillmore organ, conducted with ability and printed at New York, is also dead. So they go. A report is in circulation to-day that the Lancaster Bank would be likely to resume again; that two of the heavy creditors had sold a railroad owned by them to an English company for $1,900,000. and will now be anle to pay every dollar they owe the bank. If this should prove true, there is no coubt about the bank's resuming specie payment in a few weeks. Don't sell the notes of the bank to sharpers, who are buying them up.
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AV We call attention advertises ment of MasW Harrison, Esq., Commissioner for the sale aluable real laze estate ods PP III Lewis doisido county To an one in want of good farm it IS a desirable property. of out sid Has factor been ND The absence of the editor will acevunt tor the of editorial matter in his issue. edi THE LANCASTER BANK CLOSED It ap pear by a dispatch that the run which was commenced on the L Lancaster Bank, at Lanc ister, Pa., on Saturday and which was said to have been successfully met up to Mondav evening, compelled it to announce, yesterday morning, that it had closed its doors. The reason assign ed for the inability of the bank to meet its liabilities is that the Philadelphia banks had refused its notes. The cashier in forms the public that the assets are sup posed to be sufficient to meet the circula tion and deposits,' and adds that a state ment of the condition of the bank will be made known as soon as a complete ex ammanou or ns condition is reported. Mr. Bachman, and not NET. Duchanan, as stated yesterday, was the president, whose resignation, it is alleged gave midu rumore caused the run to com mence on Saturday last. The Philadel phia Ledger of yesterday. after speaking of the run, says: Notwithstanding the efforts of the bank to meet demands on it for coin, our city banks would not have faith, but refused to touch its bills. The doings of this bank have for some years been a matter of solicitude to the knowing ones, and el n the trouble now is no matter of surprise of The Lancaster Whig, of yesterd says: This small panic originated i. the circulation of rum irs about the libilities of its President, Mr. Bachman, wich had b been greatly expanded from a all founin dation, and which, if they correct, 8 would not in the least affect he solvency v and credit of the bank." A consiterable amountof the notes of fi this bank in circulation n Bahimore. At the election on M day the following S new board of directo 8 of the bank were chosen: Messrs. A. Her Smith, Mark Connell, n Benj Eshleman fl. Freeland, John Katz, J. E. Hiester, Cornelius F. R wland. Ja. cob M. Long, Jscob Eshieman, John Schafner, Richard McGrann sr., Henry il Musselman and Dr. J unes Rogers. Mr. Smith, as amounced yesterday, was subsequently chosen president, to succeed Mr. Richman.
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The Milwaukee Sentinel remarks as follows on a recent city subscription by the City of Galena, III., to the extension of the Milwaukee and Mississippi Southern Branch: "The Common Council of Galena have authorized the issue of $100,000 of City Bonds in aid of the Galena and Southern isconsin Railroad. There is no longer any doubt thet, with a good working season, Milwaukee and Galena will be connected by iron bands within the next year. The influence of this new and important enterprise upon the fortunes of our city cannot be overestimated." The Sperm Oil market is very much depressed, owing probably to the price having been 80 high for a year or two past that it has been gradually getting out of use. Sales of Crude have been made at New-York and New-Bedford as low as $1 25 + gallon. Most holders, however, refuse to sell at this price. Whale sells at 79@80łc. P gallon. The imports into the United States from January 1 to November 24, have been 74,235 bbls. sperm, and 194,854 bbls. whale oil, against 67,561 bbls. sperm and 181,891 bbls. whale in the same time last year. At a special meeting of the Pittsburgh City Councils, it was resolved to petition the Legislature to confer on the city power to levy additional taxes, not to exceed nine mills on the dollar in 1857, or six mills on the dollar in any subsequent year, for the purpose of meeting the increased liabilities created by the city subscriptions to railroads. Such a measure will add materially to the revenue of the city, and insure the payment of the interest on her bonds. At Boston the Banks are still contracting to-a moderate extent, and there is an active demand for money outside. Paper of the best grade is offered freely at from 91 to 10 P cent, and fair names are negotiated at 11 @12. At Philadelphia there is very little alteration in the Money market since the close of last week, and out-door rates range at 10@12 P cent p annum; most of the prime paper, however, is passed at the former figure. At Baltimore the Money market has been quite stringent, and some considerable amounts of coin have been drawn from New-York. At New-Orleans Money is at 8 P cent for first class six months' paper, and abundance of lenders in the usual way at Bank rates. Exchange had fallen to 72a8f for Sterling, and 5.30 @5.25 for Francs. The Lancaster Examiner says: "The bank panic has entirely subsided. Confidence in the entire solvency of the Farmers' and Lancaster County Banks has been fully restored, even among those timid persons whose fears are wont to get the better of their judgmants. "We are not aware of anything new in relation to the Lancaster Bank. The two Committees appointed at the late meeting of the stockholders will report at the adjourned meeting on next Saturday, at which time some definite action will probably be taken, either to resume business, or to go into liquidation. The notes of the bank are selling at from 75 to 95 cents on the dollar, according to the necessities of buyer and seller. Not a great many, however, are changing handsholders generally wisely preferring not to sacrifice them, as those undoubtedly do who submit to much of a shave." The Cincinnati Gazette states that a party of workmen, a few days since, while making am excavation at Taylorsville, Kentucky, found a bottle containing notes on the old United States)Bank, amounting to $40,000, believed to be genuine. The quantity of Flour, Wheat, Corn and Barley left at tide-water, during the 4th week in November, in the years 1855 and 1856, is as follows: Flour, bble. bu. Corn, bu. Wheat, bu. Barley, 1855 235,185 39,324 73,172 42,175 1856 60,396 $5,587 668,372 156,202 Decrease Inc. 433,187 21,072 Anc. .23,030 Inc. 6,538 The aggregate quantity of the same articles left at tide-water from the commencement of navigation to the 29th of Nov, inclusive, during the years 1855 and 1856 is as follows: Flour, bbls. Wheat, bu. Corn, bu. Barley, bu. 1855 1,189,226 4,574,229 9,395,701 1,620,048 1856 1,107,871 11,650,149 10,130,911 2,808,969 Decrease. 81,355 735 210 Inc Inc. 388.926 Inc. 7,076.850
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NEWS ITEMS. Advices Havana from St. Dom n go, state that Segovia, the Spanish Consul, was prosecuting his plan for the annexation of that republic to Spain, aided by the French and English consuls. Baez had been inaugurated President in place of Santanna, removed by Spanish intrigue. He still holds possession of the stores and armories, and objects to the indiscriminate arming of his troops with weapons from Cuba. KS A despatch from Washington states that the President has caused to be formally ly submitted to the government of New Granada, proposition for the cession to the United States of muncipal control over the Panama Railroad route, the cities of Aspin wall and Panama, and a strip of the territory through which the road runs, sufficiently wide to ensure the protection of the route from future violence. IS Another curious bet is stated in the papers. A Maine Fremonter this week walks with an eight inch corn-cob in his month from Shad Lake to Bath Another Fremonter in Saratoga stands all day with a horse-collar around his neck. Both these bets were lost in consequence of the failure of the Quakers to vote in Pennsylvania. is Look out for counterfeit " fives " on the Merchants' Bank, Salem, photographs finely done. Also for " threes" on the Mechanics's Bank. Burlington, alteredeagle and shield on upper left corner---portrait of Washington on right centre. is Italy has just lost two enlightened men. Dr. Broun, Secretary of the Archaeological Society, founded by the King of Prussia at Rome, died in that city recently. The death of Luigi Cannia, President of the Museum and gallery of the Capitol, is also announced. is Paris is lamenting the death of the beautiful and proud Countess Fitzjames She let fall an ignited match, which caught in the folds of her dress, and set fire to it. After passing through a month of dreadful suffering she was relieved by death. GS The inventor of steel ring crinolines, in Paris, realized in five weeks $50,000 on the proceeds of his invention. is A Costa Rica paper announces that Jose Delores Munoz, of San Jose, for the crime of secretly planting tobacco, has been condemned to seventy years, two months, and thirty days imprisonment at hard labor, and to pay a fine of $450 and costs. LS It appears by the statistics of the New York Custom House, that the importation of London gin is increasing at the rate of one hundred per cent. per annum, while that of Hollands is rapidly diminishing. An old man named Wilson, aged 86, who recently died in Miller county, Illinois, left directions that he should be salted down before being consigned to the grave This singular request was complied with, and he was buried in a cavity of a cliff at the depth of fifty feet. LI Daniel Farrell, a landscape gardener, born in England, died in Springfield on the 15th inst., at the age of 93. In the early part of his life he had charge of the royal gardens, and was honored by the acquaintance and confidence of George III. He was buried with masonic honors. E-S The towns of St. George, Andover, Baltimore, Goshen, Ira and Ripton, in Vermont, gave all their votes to Fremont. is British ship Falcon, from Liverpool for Portland, put into Gloucester on S nday, with the crew in state of mutiny. 23 Ships arriving at New York report an alarming mortality on board. On Thursday the ship Donan, with twenty-four deaths on the passage; on Friday, ships Howard and Humboldt, with twenty-six and thirtyseven deaths. TOT In Eastport, Me., Mr. Norton, butcher, committed suicide by tying his hands behind him, and jumping into a hogshead of water. no A Russian prince has summoned a convention of guitar players for a trial of skill at Brussels, promising a gold medal to the best player, and a silver medal to the second best. - Ship Hemisphere left New York, on with a regiment under Friday, Myers, Fla., command of artillery of Major for Mor- Fort ris, intended to suppress the Indian disturbances. 23 Buchanan has a majority in but single county of Mich gan, i. e., Wayne, where he has 350 over Fremont. KS Fifty] thousand copies of Emerson's " English Traits' have already been sold in England. LI The Lancaster (Pa.) Bank, the run upon which we have mentioned, has closed its doors. The assets are sufficient to meet the circulation and deposits. 2 Advices from Rio Janeiro, to the 14th of of will pressure coffee September, give way intimate under that the the prices of latest advices from the States. 200 Col. G. W. Porter, the inventor of the Porter Rifle," died at Memphis last week. KS The returns from Kentucky show a Fremont vote of several hundred. In Cal, loway county 189 votes were thrown for Fremont. t KS Gov. Wise is reported at Baltimore t on the 17th en route for Lancaster, Pa., on a visit, it is presumed, to Mr. Buchanan.
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IOWA. Official vote of Iowa foots up thus: 44,127 Fremont, Buchanan, 36,241 Fillmore, 9,444 A "Run" at Lancaster : Yesterday morning (says the Cincinnati Times) the telegraph brought us the news that there was a run on the Lancaster Bank, of Pennsylvania, and at noon information was received from the same source that the Bank had closed its doors. There is another Bank at or near Lancaster, on which there is also a "run." We allude to the Bank of Wheatland. We have private information to the effect that many who have deposited in that Bank are becoming alarmed as to its safety, and are clamoring at the doors of the institution. It is said that the President-one BUCK-is quite uneasy over this state of things, but that the Cashier-one FORNEY-takes it quite coolly. It is questionable whether the Bank of Wheatland is in a safe condition. Unless the deposites are removed clear out of the reach of the depositors, or additional good "promises to pay" are issued, we fear an explosion. Look out for the Bank of Wheatland!
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THE LANCASTER BANK.-The Laneaster Intelligeneer learns from a reliable source that there is a strong probability of this institution being put on its feet again, by a new subscription of stock to the amount suggested by the Directors in their report to the meeting of stockholders. This project, if carried out, will give the bank a cash capital of $300,000 to commence with, and enable it to pay its depositors in one, two and three years. Of course the old stock is all sunk, and will prove a dead loss to the stockholders unless the doubtful and bad assets of the institution should turn out better than the directors anticipate. Since the suspension the Bank has redeemed over $65,000 of her notes in payment of debts due the institution, thus discharging her liabilities to that amount.
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LANCASTER (PA.) BANK.-Efforts are being made to resuscitate this bank, which recently suspended. The Lancaster: Express of the 13th says :-"Up to the hour of going to press, 3100 shares of new stock had been subscribed, and the good work was still going on when we left the Bank. We have no doubt that the committee appointed, will secure the amount in a very short time-probably before the next meeting, which will be this day two weeks. Within the last three weeks the assets of the Bank have absorbed $233,000 of its circulation. leaving, after deducting 33,000 locked up in the County Bank, on good collateral, notes destroyed, etc.) but little over $400,000 actual circulation. We have no doubt that if all parties do their duty the bank will be placed on a solid foundation."
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# THE LANCASTER BANK. The effort to resuscitate the Lancaster Bank is progressing very satisfactorily. At the adjourned meeting of the Stockholders, on Saturday last it was stated by A. H. Smith, Esq., President of the Bank, that the amount of new stock now subscribed was $200,000, and assurances of further liberal subscriptions had been held out from various parties as soon as it shall be clearly ascertained that the assets of the bank will pay off the circulation and deposits, of which there now seemed to be no doubt. It was further stated that some debts, which had been considered doubtful and bad, since become good; and a large amount due the Bank by a certain party was in a fair way of being paid, or the claim satisfactorily arranged. The circulation of the bank, since the suspension, has been reduced $286,497, at which time the notes in circulation amounted to $72469. The amount now out is $428,372. The Board of Directors, since last meeting, have taken some property in payment of certain liabilities due the bank, amounting to $1,600. The agents employed to examine the title to the Shamokin Coal region, and the condition of the Sunbury Railroad, had reported them both good, and these reports went to England in the last steamer. If the English company shall fail to take it, another party largely interested would take hold of those improvements, and work them to pay off the first and second mortgage bonds.
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A bill is to be brought before the Iowa Legislature to give the State a Banking law similar to that of New-York. The tetal imports at Boston for the year ending December 31, 1856, were... $48,826,034 Imports in 1855... 41,984,015 Ecess in 1856... $6,842,030 The Boston Post thus notices the money market of that city: "Our money market has not yet recovered from the payments of the first of January; or perhaps, it may be safer to say, without assigning any cause whatever, that it remains in a sluggish and measurable stringent condition. For the very best of paper, money is to be obtained with considerable ease the rates ranging, as heretofore, from 9 to 10 per cent. But for anything worse than the best, the market is hard and tight, and very high prices are made from day to day. There have been a number of failures and suspensions recently, among people whose notes have been reckoned as second or third class, for some time past; and for this reason, an exceeding distrust prevails among lenders, toward anything that is not known to be prime. New York funds have been in less demand, for the last week, then they were in the previous period, and we hear of no losřes of specie to New-York. In the meantime the receipts of coin from the treasury and the interior have been something, and to-morrow's return is likely to show no diminution in the stock of State street. "It shou'd be stated that the country bank deposita in Bestou have largely increased within a few weeks. Many of the inland banks that were overdrawn, have now get their balances on the right side again. These balances will not be called for until March, and for this reason, if no other, it would seem that when the market settles down from the January disturbances, credit must be comparatively abundant. The worst feature is the large amount owed to New York or the South for Cotton by our manufacturing companies n the coming thirty days, the payment of the Boston companies for cotton are very heavy. These will rench largely upon the current supply of New York funds." For the purpose of showing how the management of Banks may be abused ard stockholders robbed, wo annex the suppressed report of the Committee of the etockholders of the broken Lancaster (Pa.) Bank. Et is a rich exporé of the manner in which a bank may be ruined by corrupt management while ite whole substance goes to enriching of a few favorites. The insolvency of the Bank can be readily traced to a combination of causes, each contributing to waste ita resources and encroach upon its asses. Instead of ao-commodating the business community in the locality of the Bank, where the Directors hac the means of knowing the responsibility of the drawers and indorsers of the paper offered for discount, it loaned an amount (ita President and Cashier among the number) for the purpose of building the Sunbury and Philadelphia Railroad-crecting extensive iron establishments, and developing the Shamokin coal fields-projects which every man of even ordinary discretion must have foreseen, would lock up the funds of the Bank, thus loaned to those parties, for a long space of time; and, if those speculatiora should prove disastrous, must inevitably lose to the Bank the money loaned for such purpoвеи. In consequence of the entire capital of the Bank be
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Bank Failures and Suspensions of 1856. Jan. 8th-BaNK OF THE OHTo SAVINGS' INSTITUTE, at Tiffin, Ohio; failed. Affairs not yet closed up. Circulation, $500,000. Notes not bought. March 1st.-CENTRAL BANK OF TENNESSEE, at Knoxville, failed. Circulation about $100,000. Affairs yet unsettled.No sales for notes. Aug. 1st.-VALLEY BANK, of Maryland, at Hagerstown, failed: Circulation $190,000. Receiver has not yet made & report. Owned by Simeon Leland & Co., Metropolitan Hotel, N. Y. Notes not purchased by brokers. Sept. 3d-STATE BANK, at Sacketts' Harbor, N. Y., failed. Circulation $50,000. Affairs promptly wound up, and notes redeemed at par. PLANTERS' AND MECHANICS' BANK, Dalton, Ga., failed. Small concern, and nothing known about it. Oct, 27th-Bank OF THE REPUBLIC, Providence, R.I., failed. Circulation $80,000. Affairs in hands of Bank Commissioners, and not yet wound up. Notes bought at thirty cents on the dollar. Nov. 1--MANUFÁCTURERS & MECHANICS BANK, Columbus, Ga., failed. Circulation, $50,000. Not wound up, notes not bought, and prospects bad. Nov. 18th-LANCASTER BANK, Lancaster, Pa.; failed. Circulation $700,000.There is a movement on foot, which will probably be successful, to resuscitate this bank, and if so, the notes will be good again; if not, the assets are sufficient to pay a large dividend on them. Notes bought at sixty cents on the dollar. Nov. 18th-CANTON BANK, South China, Me., closed by State Commissioners.Circulation small. Notes not purchased. Dec. 18th-Exchange BANK, Bangor, Me., enjoined by State Commissioners.Circulation supposed not to exceed $40,000. Will probably go on again: Notes bought at 62 cents. Dec. 31st-ERIE COUNTY BANK, Erie, Pa., suspended: Circulation $300,000:e Notes bought at 50 cents. Of the suspension of the MINERS' AND e MANUFACTURERS' BANK, at Knoxville, Tenn., we know nothing definite. On the 20th ult., the BANK OF EAST TENNESSEE, Knoxville, closed its doors— probably forever. We hear the President has made an assignment of his property to the bank, and that all its assets are in the hands of Trustees for the benefit of d the billholders. There is no sale, here, for the notes. At Knoxville, those indebted to the Bank, pay thirty cents on the dols lar. Many of the above may not be wound up in years, while in this State, as in the case of the State Bank at Sackett's Hare bor, they are closed up and billholders paid n in a few months. e Altogether the past year has been very moderate in bank failures, and with one or two exceptions, there has been no great loss to the public.-[Thompsons] Reporter.
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MONETARY QUOTATIONS. Corrected by Bidwell's Exchange Bank, Third-st., St. Paul. ST. PAUL, April 1, 1857. Themoney market remains close, but not as severely stringent we think, as it was two weeks since. The line of discounts is kept as low as possible, though regular customers are moderately supplied by the Banks at customary rates. Indications are favorable for the immediate resumption of navigation, and anxious eyes are already turning in the direction of the first beat. Exchange on the East, and Gold, are in fair supply. Land Warrants, scarce and slow sale. We are inclined to believe that the panic with regard to Western Banks is subsiding, leaving the sound ones, with their heads above water. The affairs of the Zimmerman Bank, Canada, which has for some time been in disrepute, may be more materially affected by the death of Mr.Zimmerman. We are not informed that the Erie City Bank has again resumed. The people of the State of Georgia have resolved, in public meeting, that they will not receive as money any of the following Wild Cat issues in Georgia, nor any others that are not bankable at the City of Augusta or Savannah: Bank of Columbus, Columbus; Bank of Middle Georgia, Macon; Cherokee Insurance and Banking Co, Dalton Interior Bank, Griffin; Manufacturers' Bank, Macon; Merchants Bank, Macon; Southern Bank, Brainbridge. THE LATEST BANK FAILURES. Valley Bank, Md., Aug.1,1856. State Bank, Sacketts Harbor, N. Y., Sept. 3, 1856. Now redeemed at par by the Bank Comptroller. Bank of the Republic, R.I., Oct. 27th. Manufacturers & Mechanics' Bank, Ga., Nov. 1. Canton Bank, China, Me., Nov. 17th. Lancaster Bank, Pa., Nov. 18th. Bank of East Tennessee, Nov. 24th. DO Eric City Bank, Pa., Dec. 31. DOUBTFUL BANKS: Exchange Bank, Bangor, Me.; Bank of Hallowell, Me., South Royalton Bank, VL; Exeter Bank, N. H.; Provincial Bank, Canada; Rhode Island Central; Tiverton Bank, R. I.; Farmers' Bank, Wickford, R. I.; Warren Co., Pa.; Bank of Newcastle, Pa. Maryland Banks (except Baltimore;) Georgia Banks; Nebraska Banks; Tennessee Banks; Wooster Bank, Ct.; Indiana Free Banks; Commercial Bank, Forth Amboy, N. J.j City Bank, Perth Amboy, N. J.; Zimmerman Bank, Canada; Hancock Bank, Me. Selling. Buying. ct. Exchange on New York 14 Act.pr. do St. Louis. do 11/6 do do do 4k Chicago do Galena. do x do Great Britain the Pound. $5.19% Gold tol Rct.pr. Loans on first class and The Notes of most solutent Uneur. rest and Broken Money, rates, for cur. or with Cashier.
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MONETARY QUOTATIONS. Corrected by Bidsell's Exchange Bank, Third-st., St. Paul. ST. PAUL, April 1, 1857. Themoney market remains close, but not asseverely stringent we think, as it was two weeks since. The line of discounts is kept as low as possible, though regular customers are moderately supplied by the Banks at customary rates. Indications are favorable for the Immediate resumption of naviration, and anxious eyes are already turning in the direction of in, first boat. Exchange on the East, and Gold, are in fait supply. Land Warrants, scarce and slow sale. We are inclin. : to believe that the panic with regard to Western Banks IF subsiding, leaving the sound ones, with their heads above water. The affairs of the Zimmerman Bank, Canada, which has for some time been in disrepute, may be more materially effected by the death of Mr. Zimmerman. We are not informed that the Erie City Bank has again resumed. The people of the State of Georgia have resolved, in public meeting, that they will not receive as money any of the following Wild Cat issues in Georgia, nor any others that are not bankable at the City of Augusta or Savannah: Bank of Columbus, Columbus; Bank of Middle Georgia, Macon; Cherokee Insurance and Banking Co, Daiton; Interior Bank, Grim'; Manufacturers' Bank, Macon; Merchants' Bank, Macon; Southern Bank, Brainbridge. THE LATEST BANK FAILURES. Valley Bank, Mc., Aug.1,1856. State Bank, Saukette Harbor, N. Y., Sept. 3, 1836. Now redeemed at par by the Bank Comptroller. Bank of the Republic, R.I., Oct. 27th. Manufacturers & Mechanics' Bank, Ga., Nov. 1. Canton Bank. China, Me., Nov. 17th. Lancaster Bank, Ps., Nov. 18th. Bank of Hant Tennessee, Nov. 24th. Erie City Bank, Pd., Dec. 31. DOUBTFUL BANKS: Exchange Bank, Bingor, Me.; Bank of Hailowell, Me.; South Royalton Bank, Vt.; Exeter Bank, N. H.; Provincial Bank, Canada; Rhode Island Central; Tiverton Bank, R.I.; Farmers' Bank. Wickford, R. I.; Warren Co., Pa.; Bank of Newcastle, Pa.; Maryland Banks (except Baltimore;) Georgia Banks; Nebrisks Banks; Tennessee Banks; Wooster Bank, Ct.; Indiana Free Banks; Commercial Bank, Perth Amboy, N. 3.; City Bank, Perth Amboy, N. J.; Zimmerusan Bank, Canada; Hancock Bank, Me. Selling.
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MONETARY QUOTATIONS. Corrected by Bidwell's Exchange Bank, Third-st., St. Paul. ST. PAUL, April 1, 1857. Themoney market remains close, but not as severely stringent we think, as it was two weeks since. The line of discounts is kept aslow as possible, though regular customers are moderately supplied by the Banks at customary rates. Indications are favorable for the immediate resumption of navigation, and anxious eyes are already turning in the direction of the first boat. Exchange on the East, and Gold, are in fair supply. Land Warrants, scarce and slow sale. We are inclined to believe that the pánic with regard to Western Banks is subsiding, leaving the sound ones, with their heads above water. The affairs of the Zimmerman Bank, Canada, which has for some time been in disrepute, may be more materially affected by the death of Mr. Zimmerman. We are not informed that the Erie City Bank has again resumed. The people of the State of Georgia have resolved, in public meeting, that they will not receive as money any of the following Wild Cat issues in Georgia, nor any others that are not bankable at the City of Augusta or Savannah: Bank of Columbus, Columbus; Bank of Middle Georgia, Macon; Cherokee Insurance and Banking Co, Dalton; Interior Bank, Griffin; Manufacturers' Bank, Macon; Merchants' Bank, Macon; Southern Bank, Brainbridge. THE LATEST BANK FAILURES. Valley Bank, Md., Aug. 1, 1856. State Bank, Saeketts Harbor, N. Y., Sept. 3, 1856. Now redeemed at par by the Bank Comptroller. Bank of the Republic, R.I., Oct. 27th. Manufacturers & Mechanics' Bank, Ga., Nov. 1. Canton Bank, China, Me., Nov. 17th. Lancaster Bank, Pa., Nov. 18th. Bank of East Tennessee, Nov. 24th. Erie City Bank, Pa., Dec. 31. DOUBTFUL BANKS: Exchange Bank, Bangor, Me.; Bank of Hallowell, Me.; South Royalton Bank, Vt.; Exeter Bank, N. H.; Provincial Bank, Canada; Rhode Island Central; Tiverton Bank, R. I.; Farmers' Bank, Wickford, R. I.; Warren Co., Pa.; Bank of Newcastle, Pa.; Maryland Banks (except Baltimore;) Georgia Banks; Nebraska Banks; Tennessee Banks; Wooster Bank, Ct.; Indiana Free Banks; Commercial Bank, Perth Amboy, N. J.; City Bank, Perth Amboy, N. J.; Zimmerman Bank, Canada; Hancock Bank, Me. Selling. Exchange on New York 1 78 ct. pr. do St. Louis 1 do do Chicago do do Galena x do do Great Britain $5.10 to the Pound. Gold 1/a to F ct.pr. Loans on first class endorsed paper, 3 F ct. 7 month. The Notes of most solvent Banks taken at par, and Uncurrent and Broken Money, bought at savorable rates, for currency or gold. JNO. R. MADISON, Cashier.
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RESOURCES. Branches State Bank Free Independent of Ohio, Banks. Banks. Notes and bills dis $6,833,949 $1,462,160 $1,262 817 157,733 157,646 1,419,615 Specie 729 892 734,120 U S, and Ohio bonds 624,756 754 053 639,323 3,065,16$ Other resource# $12,052,850 Total recources $2,904,497 $2,883,886 17,841,243 Aggregate resources LIABILITIES Branches State Bank Free Independent of Ohio Banks, Banks. $8,724.50 Cerital Stock $704,000 $500,000 529,243 5,287,59€ 384.45 Circulation 1,913,950 966,766 1,025,188 Deposits 1,126,802 646,085 Other Liabilities 1,433,130 $12,052,859 Total Labilities. $ 2,883,896 $2,904,497 $17,841,348 Aggregate Liabilities The Lancaster Daily Times says; There was a sale yesterday of what were considered the most wortbless of the assets of the Lancaster Bank at the banking house. The nominal amount of the assets was about $70,000-of which two notes, nominally about $6,000, were withdrawn. The balance were sold to various persons, the bank receiving over $9,000. All of the notes and obligations sold, with one exception, had been set down as of little or no value, aud were not appraised when the bank went into assignment. The sale exceeded the expectations of those interested in the bank." At Philadelphia the money market continues quiet, with a very moderate demand. Best paper can be placed at 6a7 P cent, and more lenders than borrowers at that. The N.O. Picayune of the 1st says: Our money market opens very dull and languid. There was little paper offering to-day. A few straggling sums in acceptances were negotiated at 10 cent. In other respects we have not a sale to reportLenders bold for 10 and 11 a 12 v cent for the general run of cotton factors acceptances. First-class mortgage paper rules 9@9, P cent. The Exchange market opened under great depression this morning; on some grades of Northern bills a decline of jaj was submitted. Sales of sight on New-York at P cent discount, were the principal features. The counter rates for checks was par. In time bills there were some transactions at 21@21 for sixty days' sight, and some special signatures at 10@lf discount: thirty days sight 11018 discount. Sterling flat. Some bills with shipping documents were passed at 1061, rates from 1051 to 1061; good class clear bills 107;21*81; other bite a traction lower, and first-class for remittances 1881 @ 109. Bank drufts higher We learn that New York market has receded, and good commercial bills not commanding over 1072 @1671, and for bankers' drafts 109. We did not learn of a solitary transaction in france to.day. Quotations run from 5.271 @5.17} for remittance. Them are very few French bills offering. Our community, says The Lynchburg Courier, has been considerably exercised for the last day or two on the subject of certain developments regarding the operations of a citizen of Bedford, whose business transactions in this city have been of a very heavy character. The party to whom we allude, Mr. Wm. Gisb, bae long been a leading merchant and heavy trader in Bedford, and has heretofore bornethe character of being a man of large means and of reliability. It has DOW come to light, however. til at be has for some time been sustaining himself and credit by a specios of financial operations and forgeries which have brought min and dishonor upon himself and loss upon many others. To meet bis engagements be had to resort w the expedient of wholesale forgery of various responsible names on business paper, which paper he has from time to time passed to other persons at very enormous discount. It is presumed that there is not less than $100,000 worth of his paper, the most of which