The New York Herald Newspaper, October 14, 1857, Page 2

NEW YORK HERALD, WEDNESDAY, OCTOBER 14, 1857. . they agents (0 this ‘Sivise bar at been ener sity on esl t br) ‘atten ion 0” the * calvwlated to atlord relief to “y ? , (From the roo Journel, Oct 13.) day of Commisal ners ‘poe Fiiday. “would nol arag down euyboly {a Providence fhe bouses most Besesieiety Gud deeply Aroed b» \hoee failures are gban:aetl eimong.tn.rins ‘and bave received, unsolicived aud without concert, Saye iene of assistance from banks ard capitelists (mat comes back upon them Tbe prompiness = bave bern py tbe Ve fooling ani ihe sound judgment which the: are in the highest chow “an ihe men who ere at have not lost their senses ins ve their » Ob Ray f getting money, thelr bull book, bas driven counted liberally yesterday: but much of the effirded uas for New York ana Philadel ‘be chic domestic houses in the “epocie jag bave been seeking from our disoredited one eo aid which weir own refuse fuem | A more val ier ours. The beaks, ‘and the disposi each other, gave new oourace and MASSACHUSETIS. PINANCB AND BUSINESS. [From the Boswn Pot, Oct 12) Saturday was ® quiet dey, apd mercaniio payments gevealiy were made with’ comparaiva eso At the opening of business the banks held $3, aggrogmte gain of $5°0,000 in the w ricerabie demand at their coun‘ers, the calls ‘of the oun Danks and of New York. tae pay tent of duties, &o.. &s. This tperease of spesic in the midst of diMculties is bighiy eroouraging. With their largely reduced do- posta the banks stend stronger with $2,650,000, than ibey would with $5,000,000 In o-dinary mes. And we are Biad to be abie to report an cnsier feeling aworg those ‘wbo retain bark conflierco. The raising of largs sums is Ba ciicvlt as ever. The outside market ie ac bare as over, both of money and copfidsnre. But wish tbe danke, for regviar ccalere ane for move'sta avs, money iv Dot exirscrdimerily searce at thie mowent, Of coarse, we sro not blind to tbe fact bat few par any thing but notew, that peighbors help each other to the cimont, tbat trade tp bext t uribing, and that some of the lesding retailers are Dsginning t> «ier th ext.emely low prices All these e *itenc: S are omens to every cbaerv r, while the are Sled with other and equally eigaltcant vesrtvg upon thefame sobjrct Mouey tevery scarce everywhere, beyond a doubt; bit what we mras to say ta, tha) tt fe by ro means as scarce inthe Denke aa it wave fort Bightsgo Many of the heavio.t borrowars, both outside end tn. bare dren killed off, and thus far, at least, the Boston benks do rot hld rusperded (wot (o aay dad) pr per, t sn inconvenient amcnt. The outsize lenders brokers and capitalis, aed ico country banks, bave thay fer Dad ths large: a>are of the fatied notes about It thus our bavke ae ap ty pproxtmst'’ ¢ Mi which they oac take of all the sur kro Sela to be worth trur, are yet est money market Abd from two curious features of the market, it {* res sepsdie to delieve that the banks might mately do oven move for thety customers thar they are now dving. Those feaiurer sre tbe comparsiive esse within the Darks, and the almoat vtter (oipomsiblity of making trarsactions out- side, OB &»ything @& apy price. Tne fear shat our s2cle might ren to New Yors, to case of any expansion of our backs, bas been constantly prerect to the minds of the cavtigee. Gus itis Bow @ fact avd not & q aestion for dis- arnt’ , thet if our tauks exoasdet toree millions to- i York would scarcely got more ot oor gold . The best New York paper with the hest Boston vamer, oF the beat Boston paper with the sest Bos. fon Dames, ocul/ DOs De wold m: any price to Siale street, tm apy Cooaiderabie sums There is no doubt of this fact, ‘enc 1 is a promipent one at the same time that bundreas of thousancs o! doliare are daily borrowed of our banks at ‘ix to ten per cont There 19 an uler Isck of confidence in paper in Siate street, conjoined with a very gveat lack of means. Espo Cally is anything New Yorgish to disrepute. All wnat New Yoru can get of us at preseat is from the Senay wy nad ‘tpecie os ameli checks, which amount te io regs. Now York funds are in demand and in inmates eas! su; ply with as: but the movement of , either way, has beon tnoonsideradie for some days From @ judi. cicus increase of iticounts on Ibe our banks, saul rt tareously, end to those only nbo have notes to pay, we ‘ar0 confident tha: New York sould not possibly derive the % to do anything of consequence, Aetters tbat cost litle and at evr axon bag iar KJONED 1s ibe Beston Advertiver, Oot. 12 | On the Urteuiee of the Insarance Commissioners msde before His Liovor Jastioe Merrick of the sapreme Court, the follo¥ a; injanction was on Saturday granted agalast the People’s ¥ tua! losurance Company of this city :— Whereas, i bas been represen nti ereaitors, we of you from £ alé company wll the furtin some of the justices thereof EMUBL SHAW. Ar Olficers, solicitors tu ol Insurance ( and ageu's. The petition cn which the above injunction is granted Sets forvn that op tbe 90ta day of Apail, 185+, on appitcadon of (he wrerence compacies ® temporary wjuncion war granted against reid Company, which tpanction was cad sequently made p*rpetaal as far as regards the isecing of Policies, ac in other ‘war ditsolved; and father, thar evid ir}anction was 1p force, the company oon mee'ing of siookho'ders neatle to pay its jurt debts. Also, thai the cffloere hi used f/muauient mesne to seoare ibe control of the com abd tbe! #iu2e the firat Ix /aaclion was made perpet- (there bave mee iarge cclicctioas of assesment UpoE Ceposit moter, which amount: they have failed and refesed to pay in “iacharge of ihe dew ofthe company, and to the best be Jef of the commurioners, have used (he same for the'r own ur snd bonefit; and +iso to this end are instituting *exatioos eulis agaiost former policy for (be recovery of ausarineas upon thetr noton For these reascne and | tp ‘tbe vom miss ope. s apolie! for an ira: ction and ap appolnkment of reovtvers, which Oo Ony grebiea meabore The e's office No_ 70 Site #reet, and is officer Abueh Ricardeom, President and Treasurer; C. ardaen, Seer tary, At Rich rdeon, aifre’ Loris Fsonee, J. 8 Hastings, J.B 2 tiage: 4 Richardson aod C. T Richarson, Li rotors HCorsbic Danness, aod we $70,000, with no- Gaing bot Cepowit notes to mee! the same. VIRGINIA BANK CONVENTION. AL © mceling vl & poTHOR OF Be VeERs Of wie tale, whiod Daye Curpended specie pay mens, held im Ohariotiesvilis om he Se Conaber , 1867, the following banks were represent: ‘The _— ey Valley, in Virginia, at Winchester, by a it Be The Meutcello Bank, by Mevers, N. H Massie, B CO. Rese ae, Val W. Southall, ER Watsoo, & W. Dake foot, Jr. ‘The Bank of Commerce £ gy \, Req ‘The Bane cf the Old Dominpicr by Wm. N. “aevenb, hq. ‘The Rerk of Winchester, by Kobert Y Conrad, Erq ‘The Bana of (he Valley, in Virginia, at Charlenows, by Aucrew Kennedy, Esq. ham, by WG. ovens, Frq. ‘The Renk of Rook cor North western ot V irgipia, at Whecling, by 7. The Cee “ai Bank of Virginia, by Moners. Wm. aod Wil. Tame Oa motive of Breet was appoinied Cuairman o' te onvenuo., and Mr Tams Secretary. ‘The objet of the meeung wae wialeu to be to take into Copsiderstion the matvers comaimes |@ the frilowing com Mupioation, addresses + ine Gove nor of Virginia 0 tae First Auditor and Trewurer of Virginia, © copy of which con mrnicacdon bed been forwarded to ube euepend- R “pf *rmation received in te Snomber of the backs of + prem , Rept 80, 1857. fe days nares , mana weal aa * ot the money erieiy in the enuntry compe Jed Weusperd perio payments ‘The noves of Some .ot Lives suspeades beaks bs jased to be te beee ref celved by We depositories of ihe public revenue theer are th Hank end’ tie prancnes Berne re fot cthore ave great 99 officers Of weer Uanke, and reg in ine 6 this #oapenkon wb: by. proclamation tbe reseipt of we nates of suapeud barke ln payment of oublit dues To make proclematinn of such & prohivition would seem to threaten injury v0 Ihe Danks, in? vitoels and the Mate oy, sade ¥) the preva: lag “aod Geatroving conf. be the 9 wonid be wel 4 banks imi mre the vr p01 to Corremp 04 with Ue Img in inteiy, and progowe that \ por wil peter received for puaite dase, te Af een er i# a he pubic devas aries, Une deporiiwies wil receive eon Fine acmonnt, and the exec st 0 Clete & prowl. don of the reotlp: o, Lreir no+e Whe revenue of be Hate Respeovfaliy, youre Henn Fe rand the Preaenrer of the Common wealth nt AD having @ebrolited to the consideration of the Conren: of 0 eariee of wr olotone, and the same ing beet discumed, 1 was, upon the motion of ar Piha Rewoted, The & comma fice of fire be appotated, of whom Ob aD ale is creer, 08 menting Of tie Lod, be he bed thatresotntions of tered by ocrad sed q-mersis upon sey Other mater of by e'neee ney way dere ion oriant ‘The (HAlkWAR DAMAC Of (one of the anid committee. Mears Coo: aa, Sva\ball, Jacobs and “ovens Adjourned to moet wt 7% c'olek this evening e aescenaianian nants Ocronwe TAT P.M, > Jom mou wealh as the fire duty of te bu: hing tudiiintioas ax wll + the altiz-ne of Virginie, and therefore ara-nt beanily to the spirit of the letter of wov, Wise to the Auditor and Treasurer ‘which bss been read 2 thet wi al roe Feapect to the sourse from whick 1! comes fee! bound to aay that fe the opiniua js meting th G im the leur ia pn veoeeary, ia prequal as peiween the dep. s vortes sad other bauke of tbe State, and alao ¢ sler'aie: a Jurious eon pe ition Dettreon ibe bak: iu regard to the fans teat on tn pa; mert of ke reveuue Dy the callers 3 prov.s on for the amount of the Biats payments to be mate sbrond for tnlorett on. her bons oa the te Janney Bont, amuniing, ay we are inf’rmod lo tke sam ‘of $350,000 is regate, will fnlly project her credit, oe Fhat cootrtbuuma of apec's oF Now Fork, fanda br exch bee of 3) per centum on ils cap!'al, wid make gush prov: ston, 8, hot, tm our opinion, the w:tiit of the Governor's leltar wi ibe csmp'd wth, if feck bank. f hall nodarinice With the deportt banks to redeem nee: by the lat day of Decambar nex«. ite naper whicy may bive been received in paymeatof ie pudiic revenue, in Bic 930, in speee cr Row sors fande, the soasepaton of the banks tn Vin bar gone, wea wilhout fault 90 thelr Dary {or ra wel as thelr own. under the ¢trouneidncos, thal whaaever the Barter n sities resume, ‘aks shall be prevared (0 rs sure wb thew; as ta the means thn paper of one banks should ve ercep'ton, currant fn tbe Sate That when he Carreation ‘agjourp, morrow ‘t Bickmond. to s0nfer pera » Seiko Vuvjeet of bis lotterand these *eaoluil ‘Wolo resolutions were, afer ‘discussion, edopted unanl. mously. ir. ‘Comma offered the ‘ollowiag resolution, which war eto arapimously, to wit: this mesiing recommend to the banks in the Commons ih holding demands upon the bat, for intercat or tressury. the Tressurer of ths Bate at ozce. Miateht area cowande will be suisse? bys payment ia ick ecifie remedy mond by he ceposit hanks in the isrucs 0: Wor banks respectively, received by said d¢posit banks in payment of be revrnue. Such being she sense of the Conveniion, the Chairman appolnied Messrs Southsil, Sieveut gud Orangle a comatt tse to wait upon the Gorornor, om the arrival of the delo- gates .n Rictmond, and request an to! a bim ‘The del gates from the seversi oanke, agreaadly to their sdjournment eatorday, sagem died (Oo! 8) atthe Exouange in Richmoad, spd sought and obte'ved au la‘evic 7 th ‘eevee Wise, and, perenting him with the action uo regulations of the Gonvention, were raceived by ala with al kindness. The result >’ this interview, wh'ch the Governor expressed riows, the t>no, temper and bear ing of which were gra ifyiog to the delegates, was — The Governor exvresse4 himscif p'eased as having the views of the suspended banks revresentel roiative to the pressed in said re liquidating i exproming @ decided opiwinn either way upon the sug greticns coo'ained in the reeciuions of the couventivn, presented to him ta reply to the pian proposed by hie letter to the tTresm which bad been sent to guiton that ft was not his inte ton to beue a proclemation prohibiting the /exs!ps of tas novea of the atasended banks in payment of the pubite duse, so long a» he remsined convinced iha! they were souing wilh a tona fide intent to protect the State credit, ond the communities in which thoy are located, and 10 jong sa there ie no evidence of fraud on their pars AR yet be bad repceed the greatest confidence ia ali the banks of the commonwealth, and he would do noihing to im air public covtideace In them, withouut seeing that jar grtater good than evil would be scsomolianed “¢ bai no means to compel the deposli banks to receive the notes of suspended banks. They wore bound to re ceive only the notes cf spocie paying bins. In case thoy refused ‘0 recetve such pover, the freascrer woult have ‘Wb take the iniiatory step, by repertiog to the Gove whose duty It would be to poovide a deposiiory, in cass the depois were removet, or & place of reosipt and di; Dursement of all furds wt: tee deposit banks, if tnued, wae receive. He skw no good to be attained by removing tbe deposite. ‘The deposit banks might re use stil) to reostve the notes of suspended banks; and tc case they oon inued to d» eo, the Treaturer would, ander the law, provide # piace of deposit, and would recotve and pay out tho rejected notes In di. charge of demands upon the S.ate as far ar be coaid. And ‘or such #mount of them as be could not a0 pay out, the Gcvernor would rely uoon the integrity anc public apirit of the banks ieuutng them, to redeem them ai ths Treasury at rapidly as may be requtred by the necessitias of bond ges roan spe peak toe the power of the ban! in Ppecie, or such fai Dankavie in ond as may convertible hers in time to mee} the interess due s>road op ee ot tion having returned apd resumed {ts session, tte following resoloticns were submitted by and unanimously adopied Resolved, That this (onvention, app of (he sentiments of the Governor hereby p edge the banks It representa, that, ‘m good faith apd to the utmoat of their ability, they will carry Ou the views f Gov Wise. Besolred, "Tra ‘Dis Convertion respectfully recommends to nded Danks @8 are vol here represented, to unite Mr. Souths, ‘with us in the policy herein indlcuted Reacl ha: the teoretary be instructed to eens a copy of ese, procoe dings 1a een of the suspended banks not bere represen'ed with a re sponse to the Chairman a} And the Convention a¢journe1. vognen thet they commenicate a re imcheaer. johnece, Ualved Sites Senator, delivered his anual message to the Legisiaure of Tenmesses en the 6th instant. The Ley 4 is almost wrolly made =p of matters appertaining to the @Moulues in the sta. We give iat portion of it fpancial entire — ‘Much, indeed, will on what direction your iegis- lation may take gex iy, aod capec ally eo in regard to the fearces, actual indebtedness aad Lisbities of the tate. Your action upon (hese measures, ‘with some a@ibers, will be via! to the fatare pror the poopie of che rity whole State, aud # ii merit your profound asd deliberate copaiderauiou. 1a the drat pace, | would most reepecttully 0 ptednoss of Siate Capitol donde Parchase of Her mitege Agitouitaral Bureaa,, Total Wubilidies.... to de four millon ove huucred aud ninety thousand bonsres and fifvy etx dollars and sixty sty conta (84,1 88¢ 66). ‘The stocks oped by the State im baake Laverna! nt Com panies, Ac , AMounI to three bundred and any Wwe thoulaec seven hundred and ndred end twenty seven dollars ). If tats amcuat ia applied to the iiquidation of ihe sctua! iodebiedness of the Hate, it will reduce that debt to cee million forty-seven sevens pine dol jars and sixty six cents ($1,047,079 6). It is the opiaion of some correct thinking ead judicious persons, as wel! as my own, that would be sound policy and economy wo Glepore of ell the stock owned Wy the State in banks ana \aterpal improve ment companies, or otb reise, as soon as bean be done on terms, and to eA the - the sale cf the same to the reduction of the ual IDGehied pees of ihe Ma's, asd or the State, as s000 te practicable, o beeome entirely aisoouneoted with ail ment companies, &o, | value ai the present t'me:— Brock Ownsp my one Srare, Original Fiatimate. Brock. ot Pra Val. Bink of Tenae » $1,000,000 $1,000,0¢0 Union Bank A 660,060 ‘emo, East Tenn. & Goorgia Railroad.. 1,660 060 1,800,000 Franklin & Colombia jerngine. 76,90 66,005 leheocn and Nashville $0 000 16 Novenaville “ . @t,000 Neshville aod Charlotte =“ . 30,000 lebanon and sparta “ . 86,000 Colm mbia Ceatral “ . 139,000 Nashville and Kentucky . 0,060 Olorkeville & Rosselirt . Colombia, P isak! & boa'n Nasbrilie & Morfreeaporo “slic apd CumDeriand ‘elena Cumber'¢ & Slopes River The org compas ‘Pay a2 por ont on Tt will be perceived from te talvaia’ statement that tne Ann cal indebtecners and liabilities of the State for tote ne) improvement companies and the agricultural bareaw will make the Sate liable for the sum of |weive milions eight hhunoreé ond sixsy six thousead sight dolinee and viniy six conte (812,506,596 apply for the sid of the t.ale which bare been authorirst te 40 90 by the various ac'# of Assembly which bave bron to encourage works of internal improvement, |t ‘will awol! the fiae debt ap to not lose than twenty milion dollars ($20,C00 0v0 ) ‘The bonds of ibe Sate which have been sireaiy isuet to the various internal improvement com panies have bean nod are now eflling in the money markets at rulnoas raves of discount im fact, at lower rave of discount than the honda of some of our Sraneial ability are nol eapertor, If equal, t> thore of Ton notes, to mest their public engagements Tennesses t without any bonde ‘are issved sud thrown into mat ceGinite information as © what amount of bonds can oor wil be iseved under ex whether fotare Legisiaturee © be teued, The want of pari of there who P State securities, as to the amount of bonds ti And wil be thrown into market, deters and prevei Many who ciberwise would make investm nts in fenser vee bonds. It We believed thet if the jatare wii dx "pon some aciiniie and known limit to which toe Atate credit in be entended, ant especially #0 if that limit ts clearly #! hin the Anancial ability of the Sate, {i will nave oo immeciae cence apon the price and ssie of the bonds pow ip marns nd thowe that are ti be theown UpOD It hereatwer for sale, whica will greatly relieve thore aterpal improvement oomranian which sow have their bonds Rypuibcested, and w uich are muitiod vo the tennease f bonds beres"cr || would therefore recom ibe undary of cur prospect ve pubic debt be eril ned, anc thas it be redaced to the lowemt limit convietant ‘ith the interest and cred't of u red the State oan be rnetained by jvdicious legi#ial oo in the ner siready vetioated. Ih ‘would also acd to the con ence and credit of the ania, If ‘be Constitution was so amended aa to inhlbii any fata-e (apistatare from tbe creation of aby fob ie debt beyond « mised amount, «'tbovt Ere eubmiiting the proposition to be people for ikelr approval or rejection, unless in some greet ergen yy, toch as inecrreetion, rebvelien, y 1 wale won bo ead sourd fo regard pdebiedvess, and iv ul” ake Bfoption would seonre roe | people in the fuiure agals> Improvident, ig rolitug legts- jation, and the creation » besvy and oxossl re State in “wad without at icass rf ob aiping the poopio’s “pe ti folat yajno of taxable prop rty, aooording to the best data tbat can cow be obtalied, wl! approximate threa candred miilion dollars. ae | & 200,000 lis, at twenty five cepts 81,290 i ail] be perceived thst from ihese ¢ +o rources, alms, ‘be State wiil derive a lorge Tevemue, amounting to ree aundred smd thirty ono thousand two nusdred and fifiy dcliars, ($231,259 00,) which, eith the ot rer reszipts tuto the treasury, ought to make }, fund suffisientiy large to de fray tbe [ourreat expenses of ton) Biate, when judiciously abs eocnomically @ 2pr Fora fel and more vetalied statement of the Indebied neve of tho State and the true oconditton of the treasarr, I moat reepectfaily refer you to the reports by ine Comp rober ond Tresmorer. By on act 18H, it * passed on the 27th of February, provided that afer paying 4 interest on orgy ll 0’ tho S'ata, tesued for stook in the Union Bank, she balance 0° Wo dividends and bonus talk be vested oy {be Gover Comptroller in rix the Siats. It vas, also, mate the dutpo! las Geena ad Uomptroiler to cancel the bonds porctased with the prooeeds of tne dividends of Stace s.ock and bends of the Uaion Bank, no ‘iL the amount shall equal the sum pald out of the treasury for she redemption of Colon vank doa ta Uador the pro- vinkn of thia law, there bas been paid tothe Governor and Gomptroiler, of the bonus and dividends of tae Vaio» Bunk, cre bundred anc fifty.seven thouzand one huadro* and five doliars ena ninsty-two conse ($157.196 92) OF this smo “nt there has been verted one hunared ad five ‘hourand one bu: and three dollars end fa" capts, (106,103 14) in siz per cent bands of tho «4 @ cred't ox the Docks of the bank in favor of ninsty. wo dolws and seventy eight come The fund bonds which bave been cancelled are en deposi 12 i Sark of Tennezsoe. ‘(te also provided by the rosond section of said act, het dividends arieiog from the School Fand Siook ta the Uxicn aud Pianters’ »avke, abali be paid over to sho ordar of the Governor and Comptroller for six per coat boaae of ihe 8 It is furtoer made the daty of the Governor and Compirciler to deposit the bonds paronased wita the divi deads from the Schoo! Fuad siock in the Vaton and Plane ‘banks, in the Bapk cf Tonmossee, and take cue receipt of the President of the bank fur she seme There has been faid of tne dividends ariring from the Schoo! Funa Sivcx, ’ Danks, upon tno Goveraor and Comptroiler’s order, the sum of afty mine tho sand dol- fare, ($50,000) which sum bas boen vested tn aix per c state bonds, and the rece!pt of the President of tne Bai of Tennessee token for (Lo same, As it wil become your cuiy to epprizi a commmitiee to the Gomptroiler aad Zreasarer, ( would, therefore, suggest ihet you direct the same oom mite to examine and reportas to the amouai received geod otsbu: sed under the law referred to In woy Bret two Dienial mossagos to tie Legislatures of 1863-4 and 186-9, I submitied for their oopaide ativa the Propriey of puting the dank 0° Tennessee and ite brauch et ina graaval course of iiquidation; to which messages you avs referred for the yeatons avd a”ga-ceute watch in- ouced these recommendajions, Thee yews were followed up and eustained by the Prevident ans Direoiors of the bank, \beir report mato tothe Li be P esident and Directors, afer tia practical operations ¢ mpected wD treseury, tegether with the msneta-y t upsnimity of ooinioa, CY, be better for the State and poople generally to Pp bank, or to place it {aa grad el courao«f liquidation; and in their report preaeat tue following irre- fragible facie and arguments ia support of their recom- mendations, to which I ask year earaest attention: — ‘The of g0 many new banks at the last session of the Legisiaiure, in add on to hove the! aulsted before, prodared +0 Much oOMpeli ion between them as» Ul ma] probaniilty, reduce the basiness and profita of es” 5 to a polot eo 1ow asn ot 1ojusi'y tbe continuance of all of tem: he on athota lxely to o¢'made the vietim of others erestod and more skil'vi in thelr manaey ment than inexperien ses citizeumcan de; snd aa the Ley cau hot now Feeall the charters Krnuied. to sherk hy directors hare come to theo neluiion. with greet unaaimity. and from B setted convietion, that te best interests of ihe stale reanire aare ahould be par tn Uo aida. aseariy o period ae :he ounve have no control over the moneyed institu fous in thie Biaie we no in Sresis in common with the peop'e; aa¢ no eympathe for them in times distress; thelr interests are laces? ofteuantagonis ic. Theur reimens & in cor stocks are wade solsty wits view m2 covtrol of em wil bs sovely wih a view "to 1 protile thet ean ferared by them, That dea! 1s ine e'reclating medium of tan Sie, wbe Der of the pr cl» metals cr paper currencr, which regulains thy valae 1 erty ted the price of ie breduc loas of the state should be robibited as (ar as the Legila ure aaa the sutharity to 1090 he citizens hive tor deep an lnleresi 1p ihe amonn!, ae well asthe quality of the clreuia ing mediom vy which ‘the trade and buainess of the cou ed Carried 03, toaLow any bere, speculators, brokers, alin we Tew your ve+m to have con- OF tbe imboractionDi!i7 0: agcom- ind*r the 9 ‘Au act wa pasand fo Auk 40 be paid inlo the of the 8: of Soamavece was established fr the poe 8 mu ion of dollars bad propriaticas of the 1 . the tbe ‘St Maro! profia, ef the back were directed to be spp ppried to pvt ie deficiency of 'b* capital conasionea br the bad debts that the bank carnot te regarded PTS ery of the Fiat's. aoe 000 cMteers every few | yt | Ofeur Reveatien, and that oe | } sors Guporition of of any ecrporesi ‘9 yielding nominally teo or three p more, sad eeprctally in one whiss waa subject frou ite or- ep z8ton, t) wi the oasaa’t es arising fro: cha: ae of iis ears as ihe ore cr he olber pary pre. And to the carsleesnens, neziigeacd oF wraniee i The other Dosti there fs song reaene to apprehend That lovsee of \ sian? couaver may (ae prods by the time the charter eapires, may Dé required o ra lu@.eie we expilal ag now re. quired hy tee sot of 1354 Under such circamstances It wou'd form to be the tr poll lace for the Bond: of ibe ms » DAB to be vant by the oltirsns {t maka b erenee whether i be done through the treasur oF on diseunte aod loans wee to them throuah ane Arorporation; |he more dirsoy Whe mode ndopine ihe bevimr find for the eltizens Ltt irectora, me trimportant in he ootuion of the board uf ry won! event of aay rertous Ghasier happening to it before the expirat o> of Ls charwer. The ‘und now belengiog to the Sale, and now I bank ‘og the indeb trons af the Rtate nak ie ean Than it bas beeg for years, aot i withtrs en, iis \e* will be at ouoe Mnppiied by the numerous Davis gow la sod tte loss Will be tomrcesy fol by ‘The past seteom bas been more favorable to the great ia tereste cf he ta an@ ‘be # duets w tl erad! ‘to meet Br clonisg the conserne of ihe bank, on ond wil, be made of for mating moray oetween ena, and eepesielly with those croyore'ioae ‘a wht ‘comtefs slware result to the of teri, seems Wins Conclusive upon the subject, well nigh en Borsedieg the, propriety of oMering au7tbing more ia ad Gitton Wo wtat they bave sal and expe of lor: jnving the bank asa fiscal agent sor convenience for the peopts in their id soem, afer reading the able re Di (he Dack, a0 e e7eu. 8 of agricaliare oF mechaaics Th was not d vigned by thowe wh» (ramed the constitution Of the Sate, or of the Unites Rabe, that the Siates should decome either banyers or br vers, or money caangers n any sense rf che term, or lo a eaayean 0 saber 30 paymem of debts exospt gold aud ailvor the our- rency intended by the f amore of the ‘anmumuon ot the Crited Mates aad of the Mates, for the people. It may 00 Aetomed duel this gr ORi Principle bas never born viol std * as ty Come in econ ‘liet with the letter of the orgenic I of the land, bot it bes been vir letes ip apirit ana # boo {he creation Of the Os b practice history of banking ig Teoneesee—ion or trelre of ihe Of the Sate Bare suspended specie payment. The fellare ef these banks will rewat he Ime of millions to legisistion of the Country should be brought to boar n0om Ai (here sporious schemes aod piace of originaliag what 1) commoniy called money, & mere paper cireniation, Whiob passes fer currency one day, aed on the next be ‘Comes val oak othe bap is of 80m hee exchanged the prodoct of his feld bor, fer the worthiess Wraen To th at logit tod Can be made to beat Goon CurraNcy, it Abould ba makiog tbe circulating mediom uniform io quaatiy aed vai, snd theredy give all the barivess wrsasecdone of ve base which bave beer iboorperates 1a chia 8 ate, sae Gabk of Tewoestee # DeLeved Ww bo ip a4 sound ant heal: a cond tou ar auy other bank !p the aie, \f not more #0, auc Upon Ro exhiDit of tho b sotions of the back i7ce it hae been under the coro) of ine prassnt able, efficient an? Dosem cirrotory and President, it wil! heahown that the bank Lar realized g-eater profie, made fewer bad Coote, amd hae given ore groeral ania’action to tne pobiic than im any other period of four years since ite ia corporation. It ia believed, however, nol withaancing the Institotion base bren well managed tn the last four veers, ‘and will #how jnorensed profs, that it woo! t be eater aad betier, and mere prodiadie in the end, io convert we en- tire capital of the real exints owned by a8 recommended 'n my former tly by carry ‘hon eacooeetally might be dispensed with, whieh woo id renait in @ saving Of some thirty-five oF Tory ¥ (hoa sand dollars per aanum t the stale, i te the opinion Of somo, and it may he urged before the Legisiaiure, that the Capital of the Paok of Tennessee should be oreased to aa @mouLt Which woud enable | ing exobapge from * benk or broker, or Rete ir vis cout expand and Ccptract the *i-ouiation at piessure. | the entire circulation CA oe ee ig mon st | 1867, ip roon4 pum! was cig I. gt? ‘Abank, with ibe oupar furnieh clrculai: oa, must be under tne ey of ; which Oot al regenoy must Always, toe foux eX ent, beg verncd Dy the 'eilieeces which | Motnereaso ibe ospiialo: the Bank of feanes- | ‘oad confer these additions! powers up «0 it, woald be do great injaice to the omer cummerols! divisions of Se tate, each of which would be more competent to Se ge of te roth jes and conveniences, a8 to the aaount ‘of the circulat'on required, than eay directory could bo at tbe chy of Narbville. If tanks are to be eontinued for ihe pur; of snd feculbg papor cirovlation, tt woold be bul just au fair to give to each cornmersial ‘division the control Ne wn benkipg acoomMmodati ns, and wil fared by Bt in each cf these commercial divisions ebould be wade receemabdle at the counter of the bank where lscued, snd at the privolpal comm-roial pont ia each divivica’ For instance, io stpp ae Esst tennersce to constitute one division; lef ail tho olroalsting me dicm, zmnec by the ‘bants ta that division, ov male rodeemabio at "ino counter of the bavk whore tacot, kavever — may be deemed the moti commer Ff io Aod #9 witk tho midclo and cla! point in that Western pony rok : a Fee redemaation of their paper circalstion whenever I! pared bayepd the oommorciel boundary tn which I feeved, AD arrangement by the banka, upon a prizclps! this kind, would exert ® powerfal acd epintary Laflusnce fo making the bank paver caiform in veluo acd quanuty, ‘when tarown into clrouls fon oy enok of the oonmercial Civil re, apd at the samo time lesro osch to cosermne the warts and necestitiae In rogerd to bankleg nocommo dations in each commercial division. I have stated thatthe ctroulation of banks in this State 00 the isto Jacumry, 1957, was eight million: of dol are. Telli now acc that the @ sinovns of epocle 12 all the barks, great and small, with whiob this eight millions of babi paper wae to ve Fotowmed, {a yooud rumoers, war we miliora of dollars. Tha be statement of tois faot wont te couclutive to sii minds whick are familiar witn the operaii ne of banks, thet eicht millions of bauk pa er, resting uvon swo milious of specie, cannot ve susiain whenever thore {1a pressure or deravgement of the mo- etary eCaire of -be coun'ry. A clroala)iom in paper amountlog to four dollars for ono | tm specie, ¢xon0t sifurd ® sound eyd uniform ourrency, A clroviaticn which onn be expended fron two to eight mil- lena of i, es the interest aud cupidity of the banks way Bvgeert. Can Dever be made uniform in queniity or @, Out the whole country must be sudjec'ed to tae ta | tion of grices for ali the products of the | proporiicn as thetr bank aocommodations pap . This plate of thinge is bad go wheo brought avout by ail the banks, but to con- | ob a power npon eby one inedtution, whether it bo } bar) or cther wise, embracing separate and distinss ‘ommeretal diviatoos 10 be eoxiroiled by adirestory 1a ine | chy of Nashville, is. state of things which i nope will | pever be b ovgbt about by Wne repre reutativos of the poopic | of the Siate.f Tennessee, Iu reo muarnding to your consideration the propriety of | ‘winding up the Bank ef Tenaeates, it will ni bo taferred | er unierstood by any wai Il am in favor of the crea- ion or coptinuan*e of sicck or free banke. I would be tp favor of winding thom all up so #oon as Ii is practl. cab e and cone! tent with the commercial, agricaltaral aad mectanics] wants of the country to do so; delioving asf do that the whoie bacsing system in whe Uaited Siates is foonded in error, and tbat all bauks having the.r origin {n such a eyetom mast Bocas rarity contain the elements of thelr own ceairos and asa goneral rule will svoner or Isser resoit in roin acd fraud, producing injary in ail the busivess t apsactions and morais of the comaanity wherever they may be located. But to allein this end wi!! requive time and the ve of sound discretion, Tne werk bas to be comms: and we bad a4 well set the example by commencing amt the Bank of Tenvesses, con- stanuy and sieactly progress vntil there shall not be a Dank incorporation left in tbe This being once a0- complisb.d bere, hoping that a similar policy will be pur | sued and carried out by all the surrouading Siates, the | yaouum created by their withdrawal will be supplied by the Ospitaliste in ae Cree thy for the commercial ‘wants of the communtiy, and money, in ihe proper seuse of | the term, avilicient & purchase ail the surplus prodact of | the country. This will follow as naturally and as oertalaly 88 Water 9))i find iw level or the — atmosphere eurply and fli - 8 vecuum when created. The jeclicn now urged” Tennesteo sol ‘ity fo tt whatever, that ail the duties now 7: as 6 fiscal agen} in receiving aud disbursing the reveaue of | ‘the State and peying the interest upon Stake bonds, can be performed by the Comptrolier ana , $be financial Cflcers of the State proper, with equal convenience and safety, and at 8 far leas expense wan tt 20W costs to Carry on the machinery of ibe Bank of Tennessee. Tt ls @ moatter of great im) Beveee tbat our State should Undor the aot of 1861-2, by which the fate credit loazed to various railroad ¢ompanics, Ht at tbat the interest acorving On ihe bonds should be paid into the Bank of Tennessee, teen dys before it oe. came cee in New York Surely any Presiden: of a raliroad ving the money to pay the interest on the Bg taster tbe amount wo New York, or the Union. This ts often cone now, as bave tseved bonds wh'ch are endorsed b: ments are made by purchasing exchange Drobers, and #0 long as capital is employed ia any which requires the transmission of mosey from to anctber to pay for articles parcbased, tbere sarely will be, even tp the absence of a) bapks, exchange brobor: or " tectors, ready to supply aay demand for exchange. In no event cap are ba cay oe Beoceer!iy for er} | other iban the freasurer or State Com (here officers ehosid be Ll quali ied ‘the Important to manage tne soseee of the tenis 6 Beak Pr ee tne as competent eaideut or Cashier, Cematitution ef the State provices for the election ae Treasurer, and eutross to him the rocelying and disbarsing the entire fonds of ihe State, Ti may be said that bank is Deiter able then tho tree fur’ to tell the oondiiion of other banke, yarpeses, wilbout resi sufBotent tn the cotenoler. In banking privileges toa com- = the people hare a srigt expect of toeir represecta- Vives that they sberid ily prnecied from fraud ta the cirowisvon of epy back notes If the Legisiatare would grant Bo Dank'ng privileges ?xcept whea the nolehalder ‘ee feoure hyood aay possible contirgonoy, th would be simply discha ging a duty whic! the ciectors have a right Wo demand of tneir represon’atives. about four years, as ped re ry of the bark: chartered y failed, and ins money pat some of nem oil prove to be almost novwboicer of the wore any cf the wed We previews by & provione Eignietere Tt will _certain'y nos be contended that any former Legiviature can take out of your hand: the power to correct exy evil, or prevent = fracd from being pric tees on the people 700 represent. proper'y, requires security of all ite chargo of any of the State money or prs ovale require security of each other ta (ransacticas, and there |e to avard eguiaat any for.her fread banks rporation, onartcred by our Le cialatt pes of ~py-™ notes, cbecks and bills of credit, shou! be veqoired to give ample ee url'y to the note ho'der. The Integrity and Dosiness of Dank oMoura la often bricc'pal capital of banks. Past exper! sae | bal idle le pot Mctemt goa anty to the be will he pais when he prevente to & bank lis own we Tt therefore, a waiter of fire imporance treaty mallee, which need $20,008 more, th le ‘will becom, lated Safeee the the suspension — een it on io ae Louis wil fe into operation on the The bavics in Newouatle Reyne Delaware, ere issuing arua!l notes 'B deflance of the law.” ‘Three specie brokers arrived ‘a Padueah Kentucky, on the 6th instant, They were waited op by tre citizeus ‘aud potified tv wave or take the consequences, They tooh their ca pe. bags away as thoy came, ‘The Madison, Wisoonsin, Democrat of the Sth inet, saya: —Hon James B Cross, tee comocratio candidate fur Gov- erpor, eiaried yenierdsy for New Yors, oaa mission to relae money for the olty of M Iseskie, far the purpose of com ‘leting tho city schoo! houses an ‘work on ; also ao ‘of green. the harbor, aa the barbor Improvements ore veer impor- touteds Cr rine Depenete & eee tant, and uplers means be immediately raised vacy will ALT Benny ad have to be a»andoned for the Fenton, and lef expowed to the storms cf winter and lisble ¢1 be Ereatiy Soom: Mr. Cros declared that he would prooure the @. HORTON, AVOCTIONZEB—SALESLOOM 76 OA B~ funds before ke returned. : ll thie at 1034 o'clock. in Fifty- fiw! street, nent Ninth Sroaue, too kivuen oth 0 afectooary. In Providence en Sunday @ sermon was preached by the Rev, Wm. C, Rishards, of Armory Hall, from tho toxt— puny gre <r an Apostomans. Opeice @ Tae Watobman, what of tie might,”” erin te Wades : [| There is a scarcity of allver change iu Providencs, while r 0 204d le'pienty, People who insist upon barcing iapeste UaN bande bie. vreteatly geoe and ‘Will find gold wore comvenicnt, ‘and banks ro- | no furvier use for him. sume more easily conver:ibic to. uaetal form. Apy of the banks will give gold or pore silver for small change. ‘The Springtield, Ma saye:—The Deight » Republican Menuieotaring ‘Cempany, Chicopee, bave determined to Mi of tails | ADL ants 103 run their mile on short time, commen tng Monday of . week. iil rum Mordays, Tuesdays, Wednosdaya | mage Sears tbe fural- end Thureds fiom To'clock A.M. to4P.M. Similar | ; er arisngementa have been mado ei Calcopes Falls. Ibis aid that work bas entirely consed ai Indiau Orchard. At | No. }, Ly am site dielpoke, they they will run eight hours | perday through the wiuter. Ware the milis will ron on three fourths time, Tre Barlivgton N. J., Bank is having new one dollar noies made from plates desizned to prevent both adiering acd photogra hing. The vianode of the $1 has beon cbenged, from the steamer Joha Stevens, ton dairy scene. "ADVERTISEMENTS RENEWED LVERY DAY. which are very fine: eed oain, fa am chairs 0 various coir modes, bide pork tabler jure Th will be goic without any reserve fve & fad! =e iq dation, 5 Jepowls w required from parties unknown aue- ————- sever as every article must be cleared o%, (aa be e- LBERTU i004, AOCTION! amined any t'me previons to the gale. bak OF w Ook AND BONDS. a “ALBERT (NICS a¥ wil geil Unis cay, Wedneniny, Oct G. LESTS, AUCTIONESR, OF F108 NO. 23 NASBAT 14. af 12 o'cloes, nt the Merobaots’ Rzchange, for acoonnt of .. street. ~H 0 will sell by auction, om whow it may couc: Weiueriny acd Thadey, Las and lbh Ostoberat lone, $44,000 Valo 8 at over Reanae szeet, largo cals 6 00 Fenn o} reaPimar’ fiaues loose, ja insoried from 15 009} oul 6 prr cent Bends ful consigned b: m nit ws, wo Do wold fF thelr sooo. 1), 40 Muvwaukie and Hortoou Farm Mortgage Rooda. Among ieee Ul be found the, treet works orks of Bienalmae, Par- ta Land Mtge. (0 per eent Sonda, Del Mes'¢0, Teocaunle, Tassone, Terarani, Pizelll, Pare- Btu he ut Morigs ge 8 per eeut Boats Barrette, several atin mo ‘Modi ay ar Sue. Stn Kentucky State 5 per cent Bonde, due 1675. Yoilta, 1G milweukie 7 per oeu: Bonds, due 1875. broied tasters "his. ibe’ oa ebrated statue ef the Weed 27 shares Imocriers’ aud Pradere” Bank. Bympa bs Bisnaiale, "ehich was diowibted by iho Commoper £0 Havover Back HW’an art Aanooiation.“one of the finest pleose iF watua- 1¢0 wanbatian sank, 2) Yetional Sana. Invest works. ever made in this coostey, a Aitention of connolsseure and for eahth dior as above oe week’ revives BEAY T. LEEDS 8 00. AUOFIONEERS — WEBRE- 26 ink cf ‘ommonwealib... i Commonwealth Insurenoe Company 200 Broadway t Ma'antas, Cuba, has inatrust- ose OF at pu io wuctinn his watire 6 Coniaine? Ip (he Fé-ideaoe 20 West @rcos be wees Mybih and Minch avaunes, TBave authorised the well known wuctiourer “i? * YT WDA to soll we same on Thursday. Cet 15 commenctog at 10 o'cleck, at the above reside. oe, the whole bring 0: a best manatacture and Dut a shor! time in use, couritt o ¢ of—Pariors contain rior veivet carpets, three mx he as solid rosewood cover d in maroon, crimson nud gold #1 the w Fiat oney te Tneurarce Company. 10 atiantc Bank of New York 6 Columbia Insurance Compan 20 Autor Fire Insuracce O:mpany, Bore ‘Biver Bank............ > : it rs el) Ep, three onslly Posewor dw gnsr Cocrs, imper'ed ore Riseweod work tasien 9 da¥ brueze and ovmolu olod aol ction vanes wit. (ne mos chasie nad expentive ceapes, briny dio ore -r iw France: in 96X26 wth rieh and bane nod frames ich; bexvy embroidered iace qiadow ouraing -d extensive variely of od paindugs, by i i ‘Regular sale io morrow. Thursday, Go: 16. Heaular guc- sales of stocks and bends every 'Moaday and Toureday. Sito special sales when required, “Biccus aad buds bowen sold si private sale and ai the broker's voardon coaamia- Interest allowed or ali ma9y8 depoeited. .nieross and f dividends collected. ALPEET FO NIOOUAY tiie, e6 Isntecapes, winier somes, tam Block Auctioneer and Banker No.4 Mroad sireet. | rine views, Bett-oral pieces, Ac, tie whole forming very peanng collection; anparior 004 pisnofor'e, rosew: cl’y Bae full eeren colnve, 8 lid pearl knve, elegant in‘ald plato and richly vet wih pearl, being ratuaple ALBBBT E. MIOOLAY, AUCTIONEAR, — co.tly pat ument: rosewood, plago stool, covered ax, eatin, 344.000 Ob'o Riate & per cont bands At anciion. Terepesey wi Pompe ore —— spitberit Ring wil cece meceey nye somor 16.at | gh vonnl'a ie beeps” aS top hor Stn a rye peering Ay sail rosewood tun tn quel, seven pieces; together tt £00 Ubi Btate 6 per cant bon* a, dag 1688, ‘ub oil the erystal out nas Ware. wines. ¢ ‘chaw) ‘es, tam Sg cack. Fe be seid tm ote to wall p Termes | tere cot leim ard ¢ucanters to natch; rich chias fea arts, om Eno ay, tera celles ad ten urae’ spouse forts; yaor stand, supcar — iedaaer $94 Banker, table cutlery, de. ‘Shambert—Coatly solid rosswood aad map hogncy bedgtonds viatuary, marble top, bnreaur, wa hetande 8 RICHARDS, AUCTIONEER —40.0;8E8 ROOTS, yee ghrp Rae Mi aie arcane eR egy cousterranee, bedenre da, ingrain earvets, bedroom mirrors, 0) aS “ i ge store, fe good, ollcloths, tal carpets and 108i tout Gortianst street, ® prime #ioce of wilhous reserve. pI yh madi pian carpet, window ba: a aa Sd deo, re , Dagem: Kiichen furniture the ‘a Pranoe. WILL EOLD day, a 125 = ——— Alto. 8 the above caah, sh cmos om i cee “5. faraivnre,tixvres, £o. Torma of Jas. ©. WILLST, Shortt, UCTION NOTICE —RETALL 8TOOK OF CROCKERY Tite! P. MORTGOMERY, AUCTIONNMR—S6 QASEB sa ware —Ay WM. W. SHIALEY, Thursday, Ost. rote, shoon, b 4 rarbere at suction, Oe Tears. 16. et 10 ofciock at tho store corner of Fortieth siren aad Be | Cay, Coe attic ofcg'k, al he tore of K. Davis & cond avenue, all the stock, fur cash. Cash buyers will get Seeks tess {cosh seasonadle goods, without reserve UCTION NOTICE. —J. BOGART, AUCTIONRER—BY | J MORIARTY. AUCTIOPRBR, WILL SELL, TBIS DAY, ABT —Tharsday, ‘at 1036 O'Cloak, at 0. . new and bo el > Sao La ora s00TIONSBR—BY Alsr0 ARF NOvT RT —Thurstey, at yk atthe suction I Frankfort sed Wikiaan etrect, Aeevit's sa'e Of a lot of gold ‘and oliver eesones; also, ® io of eloining, bard ware, dc., ae. be ag 35 NOTI BOGABT, ACCT ONRSB—3Y mantel "ree crercing yereane, ge tureesea, oak sing bun tr room fara Bs. "he Tee “pois each wl Ti Socal ot Pigheat hidder for eae. “Goode are wow ready auiration. City bills recelved at par. —J, BO 34RT —This day, at 103 0 clock. of eegars, consisting of lor of tt OAWete 2A, WAGET Wille SELL AY AUCTION ba Scaahs, brandy whiskey. sho. fedneed a Ley ‘eloe | Y Willa THOMPRON, Consta ie, RA an A, nk Hen Ga irsvasond ee Boreee: cows, Bors poultry. ‘onria, Do atoms, UCTION MUICK—BY VIRTOR OF AN EXKOUTION | turn pecla, oabvage, séliery, farming wonalie; produee’ A Tei sel ibis day, at IL oPelnek, ot Boga t'0 sy rooms, corner of Frankfort and W tro large | Aloo, ai two u'cloek P.M tt the anme piace, the clronome ers. ALOXAMDER TOMBUN-Uousiadie. | ovmntry meat und maraion, 4 by 40, fre Sintaded compte, with modern “a dere’ work in the ner, Ailod into the, pon ita UCTION BC 3 (7m — x. Fue, AvgTIONnSS—By Buse & ek, best A‘ Sy fat ether wih Oh acre of land, om th plank forth Wiltiaa atree'. enie of fi O'ek at 4 ol from Fatnats to Comey tninad; location ioaer tea ple ge recites cn tod lnvilng 0010 $0 per orn} ond remain On’ bend tad tawe- tnoey gad prdaed arcing, everal ged 8d liver wiithon, | RAE FOF Ave yours at 7 per cent. es Lo OTION 8 CYBON ROTOR THOR. BRL, AUCTIONEER —BY ; RER—At A BYowanD snle aay, fi coe ts eau ta Po My a Meade and ven! reat, ‘ciangere’s of abe store indie@ and childrens paiters, Ere soo's and Ouegreas canes PRs BS ac supe iil ‘covered. wiih UCTION NOFICE-SEOORD HAND AND NAW FUE- 4 rin epveraipoven a0. bo--Tomorrow, Thursday, si " osaooD & a Sy o'eloak 'O., Anctioneers, sirett, & superb col Pictures, forniture, seve- storie, maty by for the wafety of tn fonds of’ the State, the security 0° the people, and for the prosperi'y 0” all brane hee of industry that in’ granting charters of \ecor poration, epecial privUrger aro guacnatied to the few. a credit euoaid Ba: be g'ven such corperation unt! {5 1s deprived of all pe vor to ao injury. Teannos see the necessity of our Site ortat- ing & back, or ooptinaing one Already in exi-ten.e, wiih * pow er to emit bille of credii,”’ on the ground that we re quire @ fisca! agect to recelre, disbarte and keep more vefely the fonce cf the State The losses vurtained by the Stevo om account of cepreds tions of Micers in the Maat of Tennessee aro largo, 00% pared with aty joes sustained on sccoams of our Sinte le i nial meewage | mmended te parang my iast vlen reco ps nw oy ing the issaing and cironistion of bank botes oF bil Nr jets denominecion than five do lara, Inet Logitiavare To rog ection of wbieh, it secme, wae intonded to h. that porporo, haa wholly failed vo do ite tbe LewORWCE Of shes t Cone not anp rene the Clroulatl ort sued, and fh is believed that the econn the perrage of the inw baa not been materially Aiminishod The iaw bax, po dowbi,n many instances been evaded acd violated fm geiing’ notes bask Into clreulation ehico had been retarned t+ the banke by their holders, It ts hoged that the Legis ature #!ii #0 amon | tae ororevt law ae to prevent the iaevanse of smaller votes then fe dollars by allef the barks, and, afler giving « reasonabie notioe, to my the sirowlation amorg tbe people, of all thoe wdiov dave heretofore deen meved, eat orpectally those bare bees lesued by other Staves, and fad their here for elreulation © Yaowom creaie! by the withdrawal of thors change bills, whieh bave been thrown into clroulation by tor pumerovs banks througbout tne plied with go d ana silver, the great ase of the people Banke wh the commenity with a gold ond silver on s+ Collars down are not entitied to pablic coni ead ox gbt to be wound up, and the sooner It ie dome the Detter for the public good In fine, let the jaw be #0 8 to suppress tne ciroulation of all bank paper of 8 s = te nomination than five dollars. The propriety of sage Of & nw Nike this leno clear ton obvions to i, at it le not neconsrry again to repent ine argamenia in ie merels prob’ ITEMS TOUCHING THE TIMES. ‘The Lawrensoonrg Back of Ponve aoe, & stock institu. tlon, suspended orerations on the let instant. ‘The Ohariottervilie, Va., Advocate learns that the work on the railroad from that to Lynebbarg isto be sus pended in couseqneace of the “hard times,” The firs: Hite BS 32 SGNIES BALK AT AUCTION OF BOOTS aND ireade. Se ehoes —R. FIBH, ae ‘will sell on Wedaesday, ‘ottfas retober 14, st 10 yoink, at store 312 ywiee strest. he en: Une stock of hoote and shoes for gentlemen, nd children, Jarge stook for retall trade. SALB OF LADIRG 0. B.L8V), AUCTIONEER —1,48 unde: jaoea. wane! cauiiron 9 LEVY ill sll ile day, We coaday 14% atoek, x jb stel, 1p alr ® OLARS HENRY O EVANS. 4 Liberyy street, on Wednestay, « Trea, in jot mir tno trade fg ae HENOK, AUCTIONSAR—BY & & F. ‘On Friday, ldth inet. nt one o'clock at there none po te bey na ig) vied and sound, Bird and hee ‘8 biack horse 16 > ve hate gb. @ faely soond, Rind ad weave | every way. ‘iso's rochaway corringe Red overs! lop And road wagons. ageing. aro ATTRACT VE AUCTION Bal Dastat 8, HOUGH, Auetimeer, wil pel (de of propery: eterna 1s, is cect, «ithe a | ee a FARAH DUTCH DULRS AT AUCTION yt A a . ~ Ho, ne West twenty thir! suet, berwees Rink vot tenn | LOO eng, AST Job sree, tour seed wore, The ca eevee, 6 apo pl \guten larrane n The house is an ele | irction ie = enon of we Wass, Assortment of Rye alr ato stone front maxaion, and ia weil filed with ecm parce 8 {frst clace porde, made toonier ane tut Mle nead ray, a paca? Sad Wudh OBR & 00., Flore, be roid all the kitchen ntepsils, stores, provision = = Sed abort Blieen toon of Leligh and Lerpaol ree | ————— a = fp tore rone'ste of wolnet dining room sult, aad ® Goud Ansort MM WSPAPERS, iment ef chine (able ware. Wwory eucery, Gu Aro i [emeaenone-p-rore-queeamenamemaas Terelengpets, ewgeia sd Tngrain Go gs Ratirea cocky ATER Orn an ae roe. 00d Raita wk comers, ult, ern sen tat len, eteqeres. reoep ion cha » do. one sraguat tore. ‘One 7 ATOM AL VLR CONT Aiea pd reven octare plano, pearl init, ta foe ‘once tod And diagremg of ine —. Fbersineroment tee ingow drapery, mantel oraaen 3. GARD, el paintings by Tawar represen og ube four eeawne; And Ten t » ne Cuares, and A muititadet fancy ornaments 10a * nrticlen of vert ahopenee wo seneren: S ae ton. a ole. oh, Gaur eo rpers and ro cnr ang brea em, wOfaR, OO: crit bale atregwee Urading Be. The the Morton, whole forming A uin.qne aeeurument uf fine Koode, well the alien tion af bi vers, ‘The sale of Friday Tui be poueed to. morrow morning.