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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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Run upon the Lancaster Bank. LANCASTER, (Pa.,) Nov. 11.-There was a run upon the Lancaster Bank to-day, but it is now over, and the bank remains firm and sound. An election for directors and officers was held to-day, when Mr. Buchanan, the old president, resigned, and A. Herr Smith, esq., was ananimously elected his successor.ΒΉ
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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 Lancaster (Pa.) Bank finally suspended yesterday, and gave notice that its doors were closed.
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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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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 sound. A new election for directors and officers was held to-day, when Mr. Buchanan, the old President, resigned, and A. Herr Smith, Esq., was unanimously elected his successor.
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THE LANCASTER BANK.-The Lancaster Bank suspended payment on Tuesday last.The Cashier, in a notice, advises note-holders not to make sacrifices, as the assets of the bank are supposed to be sufficient to meet its liabilities.
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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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Bank Tricksters and Bank Swindlers! The following dispatches are in perfect character. The people should generally take Bankers' assertions by contraries. When their Banks are the weakest and most shakey, they swear they are the strongest, and can stand any "run : No. 1. MONDAY'S DISPATOH! LANCASTER, Pa., Nov. 17. The run upon the Lancaster Bank has ceased. The bank is sound and firm.
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WHERE THE MONEY CAME FROM.-The telegraph brought the intelligence yesterday, of the suspension of the Lancaster, Pa., Bank. It is said among the knowing ones that the failure of this staid, old, wealthy and conservative institution, was occasioned by immense loans of money to Mr. Buchanan, and his friends to aid his election. Where is Simon Cameron?Cin. Commercial.
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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@80Εc. 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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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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The March of the Ruffians. Col. Titus, the commander of the pirate gang which Pierce has called into the service of the Federal Government, to guard and gag the free-state prisoners in Kansas, has asked of Gov. Geary that he and his murderous crew may be discharged, so that they may embark for Central America, and enlist under the banner of Walker. So we see it announced by the correspondent of the St. Louis Democrat, who writes from Kansas under date of Nov. 25th. The business of making slave territory is virtually taken by the job, and when one job is completed another is commenced upon. This letter writer says: "About one hundred will take passage for St. Louis, there to wait until the 10th of next month, at which time they intend to embark for Nicaragua via. New Orleans, under the command of Col. Titus. He says that sufficient money has been provided to defray the expenses of the expedition. On their arrival in Central America they join the forces of "President Walker," and are expected to fight for the secure possession of the country. "Titus says after Central America is all right, he intends going over into Cuba, and revolutionize that island, and gain it it for the South, and the South alone.Col. T. has been a fillibuster all his life, and was once in Cuba under the unfortunate Lopez. He sent Walker the first company of men sent from the States." THE LANCASTER BANK.-The Lancaster Intelligencer 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.β This project, if carried out, will give the bank a cash Capital of $300,000 to commence with, and enable it to pay its present 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'-Pitts. Gazette.
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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 upon its feet again, by a new subscription of stock to the amount suggested by the Directors in their report to the meeting of stockholders. Since the suspension, the Bank has redeemed over $65,000 of her notes in the 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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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--MANUFΓCTURERS & 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 doorsβ 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 pΓ‘nic 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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Present Standing of Certain Banks. Canton Bank, China, Maine.-We consider it worthless. Exchange Bank, Bangor, Me.-Failed in December last. Ellsworth Bank, Maine.-Has been in bad repute for over a year,and for a time was selling at 50 per cent discount-then at 10-again, recently at 50. Exeter Bank, New Hampshire.-The officers of the bank say they intend shortly to resume. Eastern Bank, West Killingly, Ct.Is beyond hope. The Lancaster Bank, Pa., IS in the hands of the receivers, and involved in law suits. What will be left for the unfortunate bill-holders. is doubtful. 50 to 60 cents is the market value of its notes. -[Thompson's Rep.
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Later SATURDAY NIGHT REPORT. Philadelphia, Sept. 26, 2 P.M. The Pittsburg, Harrisburg, Laneaster and Reading Banks have suspended. The failure of W. B. Lovejoy & Co., clothing house on Commercial street in this city, is announced.
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Philadelphia, Sept. 26, 2 P. M. The Pittsburg, Harrisburg, Lancaster and Reading Banks have suspended. The failure of W.B. Lovejoy & Co., clothing house on Commercial street, this city, is announced.
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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 5,287,59β¬ 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
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LOCAL INTELLIGENCE. OBITUARY. Death of a Well-Known Man. In our obituary columns will be found a notice of the decease in Philadelphia of David Longenecker, at the age of 75. Though a resident of Philadelphia for nearly a quarter of a century past, Mr. L. was formerly a resident and well-known citizen of Lancaster, and a leading business man here. He was active in the establishment of the cotton mills here, and, with other Lancastrians, had large investments in coal lands in the Shamokin district. Be fore the financial panic of 1857, he was president of the Lancaster bank, and with the failure of that and other local institutions, he went down in the crash. From here he removed to Philadelphia, where he has since resided, for a part of the time boarding at the Girard house. Out of the remains of his fortune he had some resources which finally realized for him a comfortable competence. Mr. Longenecker has a daughter-in-law and several grandehildren living in this city, and his interment will take place in Lancaster on Monday.