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The Farmers' & Mechanics Bank of New Brunswick, We lament to say, says the N. B. Fredonian, has finally suspended payment; and its doors were closed on the 23d inst. by an injunction from the Chancellor, Receivers are expected to be appointed this day. The Directors are of opinion, we understand, that the assets of the Bank are sufficient to meet its circulation whieb is near 90,000 dollars. The Bank owes or nothing to depositors.
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Farmers' and Mechanic Bank of New Brunswick.- - The Governor of New Jersey has appointed Peter Spader, David W. Vail and John Van Dyke, receivers of the institution above named.
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BANK AT NEW BRUNSWICK.-- All claims against the defunct Farmers' and Mechanics' Bank of New Brunswick, N. J., must be presented within six months from the 21st inst., or they will not be allowed. So say the Receivers.-Spirit of the Times.
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The time for the presentment of the bills of the Farmers & Mechanics' Bank of New Brunswick has been extended to three months from the 26th ult., after which time they will not be paid by the Receivers. Those having bills on that Bank would do well to present them immediately. The Receivers are Peter Spader and John Van Dyke.
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BANK ITEMS-[From Thompson's Reporter.] The Receiver of the Bank of Oswego has made a dividend of twenty cents per dollar on the claims which have been presented to him. This dividend is payable at the office of Charles Stebbins, Esq., Cazenovia. N. Y. We believe it is now seven years since the assets of the Guildhall Bank, Vt. passed into the hands of Receivers. and from that day to this not n dollur, net even 21 statement at what they have collected or what they have done. has been furnished to the creditors. The Receivers of the Farmers' and Mechanics' Bank of New-Brunswick, N. J. have bad in hand for more than two years sufficient to pay a dividend to the creditors of that Bank. and yet to this day not a word has been heard from them. and not a dollar do they shell over.' The Philadelphia papers say the certificates given for the bills are selling for sixty cents on the dollar, and the report is. the Receivers are buying them up." This, probably, is preparatory to a dividend, The notes of the Central Bank. Hallowell, Me. are coming to this CI'S from the extreme Western cities of the Union, in packages and parcels. showing conclusively that there 15 a game playing-* n word to the wise," &c. In our list it will be seen that this Bank has been quoted doubtful (D.) for a long time.
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CHANGERY OF NEW JERSEY - -Between PETER I SPADER and JOHN VAN DYRE, surviving receivers for the creditors and stockholders of the Farmers and Me chanies' Bank of New-Brunswick Complainants, and JOHN LORDMER GRABAM, and EMILY M. GRAHAM, his wife. Defendants.-On Bill to foreclose-It appearing to this Court that the complainants have filed their bili in the above cause. and that process of subprena to appear and answer, directed to the defendants, hath been regularly issued. returnable to the Term of January. A. D. 1845, but that the defendants could not be found in this state, to be served therewith and have not caused their appearance to be entered as 10 case such process had been duly served, and it being made to appear by affidavit to the satisfaction of the Chancellor, that the said defendants do not reside in the State of New Jersey. but in the City of New-York, It is thereapon on this thirteenth day of February, in the year of one Lord one thousand eight hundred and forty-five, on motion of John Van Dyle. Solicitor of the complainants by this order directed by the hancellor. that the said absent defendants do appear, plead, answer or demur. to the complainant's bill, on or before the first 1 Tuesday of April next. or that in default thereof, such decree be made against them as the Chancellor shall think equitable and just And it is further or. dered. that this 0 der shall. within twenty days hereafter, be served personally on the said defendants by a delivery of a copy thereof to them or be published within the said twenty days HI the Fredonian, a newspaper printed at New-Brunswick. in this State, and continued there in for six weeks successively at least once in every week: and also within and for the same length of time in the NEW-YORK TRIBUNE, a newspaper printed in the City of New-York A true copy. O. S. HALSTED C. R GUMMERE. Clerk. 12f law fiw
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OTICE. - The Receivers of the Farmers' and Me chanics' Bank of New-Brunswick will pay ou and after the 1st day of February next, at their office in New. Brunswick a farther dividend of twenty cente on the dollar, upon the certificates issued by them, on presentation of said certificates by the holders thereof. By order of the PETER SPADER, Chancellor. JOHN VAN DYKE. j22th New-Brunswick, Jan. 1, 1848.
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FOR SALE-The stock and fixtures of a clothing store, one of the best stands in the city-the stock is small, well selected and in prime order. The rent of the store is very moderate and can be had for a term of years at the same rate The owner of said stock (being engaged in other business) will sell out on very reasonable terms. Address box 545 Post Office. j27 St* NY PERSON having . superior gun or watch to disA pose of, and wishing to obtain a fine set of teeth (or any other performance in the dental art) in exchange for the same, may hear of a customer by addressing A. Dentist, Tribune Office. The advertiser is an experienced practitioner, and does not doubt but that he can satisfy any one j26 3t* on the score of ability. NOTICE. The Receivers of the Farmers' and Me chanica' Bank of New-Brunawick will pay on and after the 1st day of February next. at their office in NewBrunswick a farther dividend of twenty cents on the dollar. upon the certificates issued by them, on presentation of said certificates by the holders thereof. By order of the PETER SPADER. Chancellor. JOHN VAN DYKE. j22tF1 New-Brunswick, Jan. 1, 1848.
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ANKS'S IMPROVED Locomotive Air-Heater, H for warming public and private buildings, combining more advantagesthan any article of the kind now in use. As the Locomotive Boiler is more economical than other boilers, so is this Improved Air-Heater, when compared with other heaters now in use. 1st. It will radiate more heat with a given quantity of fuel than any other. 24. It is perfectly accessible at all times, and may be cleared of salies and soot either when in operation or not. The pub. lic are requested to call at the agency and examine one it operation. (j29 kw*) GEORGE PIERCE, 292 Broadwey. HLOROFORM. -To Physicians, Druggists, ice.Chloroform chemically hure, manufactured and for sale by R. B. BREAKELL, 279 Sixth Avenue ; alow, can be had wholesale at JOSIAH PAYTON'S Drug Store, 104 j29 Iwn Chambere-st. VALENTINES AT WHOLESALE ONLY-The subscriber offers for sale, at wholesale only, s complete assortment of imported valentines, at lower prices than they have ever hitherto been sold. JOHN McKEWAN, 47 Fulton-et. 129 30* NOTICE.-The Receivers of the Farmers' and Me chanica' Bank of New-Brunawick will pay on and after the 1st day of February next at their office is New. Brunswick a farther dividend of twenty cents on the dol. lar, upon the certificates issued by them, on presentation of said certificates by the holders thereof. By order of the PETER SPADER, Chancellor. JOHN VAN DYKE. 122 151 New-Brunewick, Jan. 1. 1848.
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COMMERCIAL AFFAIRS. MONEY MARKET. Monday, Jan. 31-8 P. M. The stock market opened a litile heavy :this morning, and quotations fell off a fraction. At the first board Long Island declined 3/8 per cent; Farmers' Loan 1/4; Harlem 1): Norwich and Worcester 1/4; Resding Railroad 11/2; Pennsylvania 5's, went up 1/4; Vicksburg 14; United States 5's, 1/2; Morris Canal 1/2. At the second board Harlem closed at prices current in the morning, and Morris Canal advanced 3/8 per cent, with moderate sales. The steamship Acadia, from Liverpool for Beston. has been at sea nearly seventeen days, and will be due about Wednesday. She will bring fifteen days later intelligence from all parts of Europe. It is anticipated she will bring favorable accounts relative to commercial matters; and until they come to hand. there will be a lull in this market. The Manhattan Banking Company have this day declared a dividend of three per cent, payable on the 10th of February. The receivers of the Farmers' and Mechanics' Bank at New Brunswick, N. J., have declared a further dividend of twenty per cent upon the certificates of bills of that bank, payable on and after Tuesday next. The annexed statement exhibits the value of foreign and domestic merchandize exported from this port in the month of January, distinguishing the value of the shipments to each country:COMMERCE OF THE PORT OF NEW YORK-EXPORTS FOR JANUARY. 1848 Valu: of Value of
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Farmers' and Mechanics' Bank, &c. Correspondence of The Tribune. New-BRUUSWICK Aug. 2, 1849 DEAR SIR -In your paper of this morning there appears a communication in relation to the Farmers' and Mechanics' Bank of this city, purporting to be from an Old Stockholder and citizen of New.Brunswick," and deeming a shortstatement of the cause of the former failure of the institution, and the reason which influenced the Legislature of this State to restore its corporate rights and privileges, the best answer to the many false state. ments contained in the communication referred to, I trust that you will give it an insertion. Many of your readers will probably recollect that Abraham Saydam, who was murdered in this city in 1840, was at the time of his death President of the Bank. Mr. Saydam was extensively engaged in land speculation and as it was some ten days after his death before his body was discov. ered, sundry rumors that be had absconded and gone to England gained currency, and as it was inferred that he was largely indebted to the Bank, a run was the consequence. After redeeming a large amount of the paper, upon the application of several persons here the Chancellor granted an injunction, and appointed Mesars. Peter Spader, John Van Dyke and David W. Vail, Receivers, and ordered that all persons holding the notes of the Bank should present them and receive certificates within six months from the date of the publication of the notice, and after the expiration of which period, upon the application of the Receiv. ere, the Chancelior extended the time for the presentation of notes three months longer. The certificates were paid in full, with interest the fees of the Receivers and the expenses paid in the Court of Chancery amounted to upward of $13,000, leaving about 85,000 in the hands of the Receivers which belonged to the Stockholders, although not a little of the property of the Bank was sacrificed in order to procure cash with as little delay as possible. It is true that there was CON. siderable delay, but it was caused by suits against the Receivers. which they finally compromised. In view of all these circumstances. and the belief in the minds of this community that another Bank was needed here, the application was made to the Legislature for a restoration of the corporate rights and privileges of the Bank, which was granted, after the imposition of further restrictions. At least three fourths of the business men of this city signed the application-most of them customers and some of them stockholders in the State Bank, and who, in my opinion, are quite as able to judge of the wants of this community as the author of the communication referred to. The Bank cannot commence business until the has been in that the bona State officers fide proclaims swear stockholders, that $50,000 and law the has, Governor in all paid respects, of the by been complied with. Those who know the Board of Directors and officers are, I think, satisfied that the Bank will not go into operation until the money has been paid in, and the Bank prepared to do business for the accommodation of our own citizens, and not residents in other States. Hon. John Van Dyke is President, and Messra. George H. Stout, Benjamin D Siette, Heary H. Schenck. D. Fitz Randolph, Robert Miller, John Remer, William T. Runk, Abraham V. Schenck, Dr.A.D. Newell and John Doty, Directors-all gentlemen of unblemished reputation, and some of them well known to the public. Yours, very respectfully, S. E. B.
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THE REPUBLIC. STOCK MARKETMONEY W ASHINGTON, October 3, 1851. In our last remarks relative to the money market we mentioned that there was a panic in New York in regard to the New Jeraey banks, since which we have had to report a similar feeling in regard to New York State money, and which has been disastrous to the following banks, and all reported failed: James Bank, New York. Bank of New Rochelle, New York. Farmera' Bank, Mina, New York. Western Bank, White Creek, New York. There are also rumors affecting the Union Bank at Dover, N. J. The Farmers' and Mechanics' Bank, New Brunswick, N. J., reported failed, is still going, and their notes are redeemed. Brokers have refused to buy the notes of the Merchants' Bank, Ellery, N. Y.; Ocean Bank, Bergen, N. J.; Phonix Bank, Bainbridge, N. Y. The above-named banks are mostly banks of circulation, and the heavy losers will be the note-holders; but in regard to the New York banks, their notes are secured by the public stock of the State, and should not be sold at a great sacrifice. The failure of 80 many banks (though not important banks) is very much to be regretted, as It will weaken confidence and may disarrange the whole currency of the country. Foreign exchange is dull, and the shipments of coin the past week have been small By Monday we will have an arrival from California, and a large amount of gold dust is expected.