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MONETARY.-A heayy run was made on the banking house of Ellis & Sturgess, on Thursday last, which they met promptly.Yesterday, it was continued, though not so fiercely. Up to yesterday evening, the bank had sustained itself. The Savings Bank, Cincinnati, suspended yesterday.
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# The Failing Banks The Cincinnati Commercial publishes a statement of the Kanawha bank, (of Va.,) showing a very safe state of affairs in that institution, and remarks- "While we know nothing of the institution except through the showing which it makes, and the character of some of its stockholders, we have no reason to suppose that we are in possession of less information than those who are endeavoring to do it an injury. An amount of assets equal to one dollar and twenty-seven cents for each dollar of its circulation is not a very bad state of things, certainly. We do not present ourselves as endorsers of the solvency of this or any other banking institution, but we should be sorry at this time of pecuniary oppression, to see the mitchief aggravated by an unjustifiable suspicion of any concern whatever. Of the Kentucky Trust Co. Bank at Covington, the same paper says- "This institution, closed its doors yesterday morning. The public generally have been taken by surprise, though there are many who seem to have anticipated the failure. For many months the amount of paper presented for redemption has averaged about $80,000 per week, which, at the usual high price of gold for sometime passed, absorbed nearly the whole profits of the bank. It is thought by some that the bank will be able to meet its liabilities; by others it is considered a complete failure. We saw some of its money selling for 90 cents in Covington, soon after the failure, which, at least is an indication that some of the people there have full confidence in the ability of the institution. The bank has a cirsulation of $800,000, a considerable part of which has been put out but recently. Speaking of the present state of Banks and money matters generally, the Sandusky Register says: "There can be no doubt but that the public mind is unnecessarily excited about the Indiana currency. The issues of the Free Banks are secured on what are considered good public stocks, and these securities if not forced on the market in an untimely manner are unquestionably sufficient to redeem the issues with small loss to the public, A panic forces the issues and the securities on the market, and the labor of the country suffers the loss. Those papers, which are busy stirring up this monetary excitement, should think of the ultimate effect of these excitements ere they launch out upon their ill-considered crusade against the banks." The following is a list of banks that have bursted within a short time past: Patchin Bank, Buffalo. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Dovers' Bank, Ogdensburg. Bank of Carthage. Farmers' and Merchants' Bank, Md. Bank of Milford, Delaware. Farmers' and Merchants' Bank, Memphis, Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochituate Bank, Boston. Bank of West Killingly, Connecticut. Eighth Avenue Bank, New York. Bank of Ellsworth, Maine. Elkhart County Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Kentucky Trust Co. Newport (Ky.,) Safety Trust Bank. Savings Bank of Cincinnati. The Bank of Connersville. The Washington Star cautions the public against the reception of the notes of the Arlington and of the Farmers' and Mechanics' Banks of Washington. Both are worthless, being mere bogus machinery started there for the purpose of flooding the country with their irresponsible issues.
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The Daily Bazette. Davenport, November 7, 1854. Monetary. The Cincinnati Railroad Record, which is always well posted on monetary affairs, in its last number contains the following nformation:"We see no reason for the panic which exists in regard to all Indiana money, and the history of the last few days shows the unnecessary Facrifice which the timid are always too quick to make. Brokers, whose business it is to make money out of monetary transactions, are always ready to buy uncurrent bills as low as they can get them, and this is sometimes governed by the competition among themselves; but it is certainly unwise to submit to an enormous shave, before it is determined whether the note is good or bad. "With reference to the Savings Bank of this city it is expected to re-open in ten days or two weeks. The Bank of Connersville is also expected to resume. The notes of this bank are secured by State Stocks, some of which are above par. The depos. itors are said to be few in number and well secured. "The Kentucky Trust Co. will close up, and has already been put in the hands of Trustees who were not heretofore connected with the Bank. They are Judge W. B. Kinkead and Sa uel J. Walker, Esq. John W. Stevenson, Esq., is selected as attorney. It is designed, if it can legally be done, to pay first the depositors either wholly or in part, and then billholders. Under this arrangement the billholder is expected to receive 80 cents on the dollar."
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suspended within a few months past. For the benefit of our readers, in these times of bank suspensions, we shall keep it standing, and make weekly additions thereto: Lewis County Bank, of New York. Carthage Bank, do Milrose Bank, do Drovers' Bank, do Bank of Carmel, do Ogdensburg, do Exchange Bank Buffalo, do Patchin Bank, Buffalo, do Eighth Avenue Bank, do Bank of West Killingly, Connecticut. Bank of Ellsworth, Maine. Bank of Circleville, Ohio. Clinton Bank of Columbus, Ohio. Canal Bank of Cleveland, do. Miami Bank, Dayton, do. Woodbury Bank, Connecticut. Shipbuilders' Bank, Maine. Merchants' and Mechanics's Bank, Chicago. Union Bank, Chicago, Ill. Knickerbocker Bank, do Farmers' Joint Stock Bank, Buffalo, N. Y. Farmers' and Mechanics' Bank, Oswego. Farmers' Bank of Canandaigua. Farmers' and Merchants' Bank, Maryland. Merchants' Bank of Macon, Georgia. Milford Bank, Deleware. Merchants' Bank Burlington, Vermont. River Bank Connecticut. Cumberland Bank, Maine. Kentucky Trust Company Bank, Covington. Newport Safety Fund, Covington, Ky. Commercial Bank, Paducah, Kentucky. Trans Allegheny Bank, Virginia. Kanawha Bank, Va. Massillon Bank, Ohio. Ohio Savings Institute, Tiffin. Cochitute Bank, Boston. Elkhart county Bank, Indiana. Bank of Northern Indiana. Bank of Washtenaw, Michigan. Erie and Kalamazoo Bank, Michigan. Arlington Bank, Washington, D. C. Bank of Connersville, Indiana. Bank of Hallowell, Maine. Akron Branch, Ohio. Merchants and Trader's Branch, Cin., O. City Bank, Columbus, Ohio. Commercial Branch, Toledo, Ohio. Ashtabula Branch, Ohio. Napersville Bank, Illinois. Merchants Bank, Bridgeton. Government Stock Bank, Ann Harbor, Mich. Cuyahoga Falls Branch Bank, O. Licking Branch Bank, Ohio. PhΕnix Bank, Chicago, Illinois. Du Page county Bank, Illinois. Bank of Ottawa, Illinois. State Stock Bank, Peru, Indiana. Stock Bank, Lafayette, Ind. Bank of Elkhart, " Plymouth Bank, " Fayette county Bank, " Delaware county Bank, " Logansport Insurance Company, Indiana. Indiana Stock Bank, Laport. Savings Bank, Cincinnati. Scituate Bank, Rhode Island. Wollborough Bank, New Hampshire. Bennington Bank, Vermont. Mousum River Bank, Maine. Bank of Ellsworth, " Bank of Milford, Delaware.
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Ohio Banks. We have received a statement of the banks of Ohio, as prepared by the State Auditor, and from which we copy the leading particulars. Returns exhibiting the condition of the incorporated banks of Ohio, on the first of November last: RESOURCES. Discounts $13,578,338 00 1,690,105 44 Specie 1,725,358 73 Eastern deposits Total resources 22,854,616 43 LIABILITIES. Capital $6,037,970 00 Circulation 8,074,132 38 1,128,611 74 Safety fund stock Due Banks 949,727 33 5,290,312 20 Due depositors The Canal Bank of Cleveland, is in the hand of a receiver. The City Bank of Co. lumbas has suspended payment on its deposits, but is redeeming its notes on presen'ation. The Savings Bank of Cincinnati, bas gone into insolvency, leaving a sufficient deposit of Ohio stocks to secure the redemption of its outstanding notes. A SLAVE CASE.-On Friday last a Mr. Graham of Kentucky arrived at Cambridge, Ohio, on the train from Bell-Air, with two slave boys. The train was detained there in consequence of an accident, and it becoming known that the boys were slaves, a writ of habeas corpus was issued by the Probate Judge, and the boys were taken into custody by the sheriff and brought be. fore him. Mr. Graham asked a postponement of the case, on the ground that he was not the owner of the slaves. The case was postponed until Thursday next, and in the meantime the sheriff has the boys in his custody.
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The decline in Flour is again 12jc. P bbl, which, with the reduction in freights, has brought the prices within the limits of foreign orders. At & further decline of 25c. there would be a considerable demand for export. The better grades are steady and in fair re:se S$ TH Jugges are spound treat Canadian and Southern descriptions are also lower. Wheat is in fair demand for milling and the market's firm; sales of hite Genesee at $1 91, and St. Louis 10 pusment poor as pus ming 18 used 26 IS 18 Sugars are in better demand, and grades suitable for retailing are le. higher. Refine rs continue to purchase freely. About 1,000 hbds Cuba sold at j@7&. In Molasses there is no change to n note An auction sale of 3,326 bags Rio Coffee was made to-day at very full prices, 101 @12fe. The advices from Rio have strengthened the market. There 18 & movement in Java. The cargo of the Falcon, 6,439 bags, sold on private terms Pork has an improving tendency; 10 et's 8 189 918 Print 1148 9110118 918 ST *** 500 bbls. Prime Mess was made at $17. In Bacon and Cot Meats there is no change of importance. The shoots pus eages si Conor m more 5,000 bales sold to-day at 1c. advance. The Boston Traveller has the impression that the Cotton market is being cornered. It says: "The appearance of the market at this time indicates the progress of one of the greatest speculations which has been contemplated for many years. There m the 10 parties this here 9 01 nosses pood 81 New York, and in England, and possibly also in France, have COD bined to control the cotton market. and carry up prices to & high figure. These parties have no doubt been influe need to this course by the expectation that the cersation of the Russian war, cheap breadstuffs, and an easy money market in Europe, will produce an active demand for cotton and increase greatly eys Jo loves one Jo uoisaudx ell #11 New York and the Southern banks, the large purchaSe8 of cotton already in the Southern ports or in tram81 " your JOHNUI request SOOUBA qua '118 not necessary to enumerate, convince us that the cornering often practised in the Wall street stock market has been tral sferred to the cotton erop, and that it is the design of the speculators, who must have been 4q se IIPM SR shows the sq paqsroms Jo was required ne que STATES Security 971 01 UOD jedmoo pus pasq no conor 30 store am prog 01 article on 10J could enhauced 8 And 01 8490108 during the re mainder of the season. We do not believe in the success of this speculetion, and think it highly probable that it will before many weeks topple down about the heads of its 002trivers and use them up completely. Our reasons for FIREA eq: JOJ apdure Dateg doso 'are The sign of all consumers, they will not be in a hurry to purchase their stocks, and that the speculators cannot Amounb en "WII Supplier eq: 48001q; Cust which will be requisite to force prices up above premony subjections 03 are They peoput I! Terrer que used Buiddiqe the up stock 91L *MOU 0.18 Lang M 51 puu 'sareq 000'009 10008 " auris quesent am 18 no ason to doubt that 600,000 more will be received during the season. In this case, to carry out the on prog 03 eq IIIM " speciality control for months of at last half a million bales, which will require $25,000,000, and which sum the speculators will be wholly unable to command, with all the aid ich the Southern banks may be dispo ed 01 dn beeps II especially them 01 moj 10 the JOJ op 07 "Ill at 1! quick 'sagod staads en months to come. The on chance for the speculators is that the 30 who below 000'00Β£ You doio seege sign 01 reliable 1800 am have been made during the last fortnight, but is prob. Suinq pus UNITED 01 the JO area R Sign individual Jo contraing on 81 pressare . RTU7 pue Statement pus 900W 18 on Suimo eq 01 Quarters IIAM 00 program the bad state of the roads in Alaba Tennessee and Georgia. 11 the English spinners stand firm and buy only as they want the raw material, and past experience proves that they are not easily alarmed, this specula-odo ent 04 auo R Drove IIIM 10 ean rators." Before the George Law left here for Aspinwall arrangements were made that she should touch at See Juan on her way to this port, or that she should run up from Aspinwall while waiting for passengers from the Pacific and return. We shall, therefore, probably 33A0 MOU that &q underwoin ΡΠΎΠ΄ smed bave due. A notice from the Savings Baok of Cincinnati states that that institution is about to resume business. The notes are now redeemed at par. jo incomes the 'gony required V business it Chiesgo, is, that one day last we k 3,000 teams passed the office of the Illinois Central Railroad Company on one of the streets which two years age WAS the dulle st portion of the city. We give below a Rio Janeiro Circular, received via New-Bedford 13 days later than previous advices. 'oug 18 the uodn saferino "IL Pensylvania, appear to be now in a fair way of settlement, but upon Alegrine terms. These unfortunate Companies have bee n obliged to pay tribute to Pennlvania to be allowed to exercise their charter rights, and to prevent their property from being sequestered without compensation. The pressure upon the Legislature of Pennsylvania by the citizens of that State to settle the Erie and North East Railread question has been extr me and too strong to be resisted. Pennsylvania has still many public enterprises unfinished, and par ties coming here to borrow money found the cold shoulder invariably turned upon their projects. There could be no safety to capitalists in investing in securities issued under the laws of Pennsylvania while that State evinced the most entire disregard of the rights of Supplets puu pus JO Product 30 millions qour U jo the 01 private property, only to be redeemed by an ample ransom. The requisition upon the A btabula Road was to the extent of $500,000, upon the Erie and North-east $400,000, while the Erie pays tribute of $10,000 per annum for the privilege of run-