The New York Herald Newspaper, November 27, 1860, Page 5

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

Wil they sot ‘South Carolina shall at ieaat be pnp 0.8 ee Liberia and Hayti? Will they fail ty poreeiva extraordinary e¢ilorte to eueosrege in- th the [reo negro Sales are @ device of avo- under '¥, 90 thetr exclusion from Slaveholding tate must have tho sane ob- lig when that State had beon one of only assumed @ position of se .era thie institution from a meditated overthrow. States are prepared to lend themeolves of the abolitionista for thelr deatrestion, wi legislation as tuis * But wy fatisiled thas they are prepared 10 abanlt to 09 897m gatrageous tyranny. Congress, “nly Dasten on that consummation which every South “aroli- Bian fesires—a Southern , Embarges and in 1774 wo Isolate zue it | 3 : i : ‘3 ! g g s Fre HH ; § EH to anote addressed him by « ving in Autaugs county. We A — the megs im- portant portion of 11 enumerating the Ferro aboltuonizm, ted Proving that Lincoln Pr a ‘Mon, he terchange be. fore any decided action which may \avoive the failure of @ar commen cause. I would, therefore, atviee taas tho ‘Goo vention, which is on to meet wader the resolutions ‘ot the kat number of eH al comm! should say coy tegen cherished ¢ Union im which the rights of citixens wader the constitution would be roepected, she did not recognise such a Union in an admirittration compesed of ‘Lincoln and Familia, with Sumner, Wilson, Burlingame ‘and Giddings for their advisers, who recogaise no consti- on the subject of slavery, but adopt wand ‘4 nble conflict” as their Jobn Browa for approbation of their offlsial conduct. After thie conference aad the information thes obtained, Alabama will be better prepared for concerted and effec Sive action. In the event of dissolution I would prefor ‘the Southern States should al! go together, and if unani- mity cannot be obtained, then I de: a seflicient num- ber of States should out to insure a new confederacy able to give protection against aggrcestcn, come from what quarter it may. These are my views of the matters Smquired of im your letter, arrivod at after mature reflec ‘tion. BEN. FITZPATRICK. GOVERNOR MOORE'S LETTER TO THE BAPTIST CONVEN- TION OF ALABAMA. Execcnivs Dsrarrwent, Nov. 16, 1860. Thave the honor to acknowledge the receipt of the @eclaration of opinions adopted by the Daptis: State Con- ‘vention of Alabama. I fully agree with the Convention tn the opinion that “from the administration of the federt! government (Lia. @ln’s) as things are—with refereaco to our pecullar pro- po f recognized by the constitution—we can no er pe for justice, protection or eefety.”’ 1 thank the Coa- “vention in my own name, ant in name of the great and sovel State of for the patriotic senti- ‘ments contained in their proccedings, and for the appro- | priate, dignified ané Christiagiike mepner in which they | out of the Houre as followe—ne", radioal, tala, for black republicans:— he ere AB ACT SOR TAB PROTRODO", oy paRsomAL LIBERTY IN CB ALAS | ASES. Section 1. Free Zolored persons of African descent aro ond ae | deer citizens of this State. So. 2. Every slave who shall come or be in this State, with the “onsent of his master, or who shall come or b2 brovg>’. involuntarily in this State, shall be free. ‘8. Every person who shall hold or attempt to bold a slave, any free of color in any form, or uador ap) tepee, or for any time, however t, on convi> tion thereof, be imprisoned for a term not exceeding ears. it was rejected without acount in the Senate, and the old law remains. Such te the history of the legisi: ground charglog ihe repsoiicaa the republican party with a disposition to mullify an Soar Congress. ABOLITIONISTS, State Sentinel, Nov. 24 } ned James Redpath, Sosretary, Gov. Packer, inviting him to —~ in the preposed meeting at the Tremont mpio, in Boston, on the anniversary of the execution of Johe Browa. Governor P. promptly returned the invita- tion with the sabjoining reply, written on a blauk page of Mr. Redpath’s letter:— LETTER TO GOVERNOR PACKER. Bostos, Nov. 5, 1960. Sm<-A number of young men, unconnected at this time witb apy organization, but earnestly desirous of devoting themselves to the work of in a pudlie convention, to be beld at Tremont Temple, ia ‘his city, on Monday, the 34 of December ni eddreas them in reply to the question, #0 vi terosts and the bovor of our cowatry and the progress freedom in the world: “ How oan American slavery bo ebolished’” It seems to them that the suniversary of letter, was recently reoetved oe continue bts Ife by striviog to soosenyl us to finish. An immed! or speedy answer will greatly oblige, by epabling us to make the » ar. Fapgements on @ plan suillciently extensive. For tue committee, JA&ME3 REDPATE, Secretary. ©. W. Bidridge, W. D. ©’Connor, R J. Hinton, W. W. Thayer, H. Ford Douglass, I, L. Craigen, J. Sella Martin, J.B Smith, Herbert Gleason, Jobo Citver, Edwin Coo nbs, J. B Stevenson, J. W. LeBarnes, 8 with an answer. GOVERNOR PACKER'S REPLY. Eeveotive Derarranst, > Harrispeee, Pa., Nov. 31, 1860, +! ‘xx:—In my opinion the youog men whose aames‘sre etitached to the foregoing letter would better serve €od tnd their country by attending to their own bustross. Josn Brown was rightfully banged, aud bis fate stould 2 ferve to convince the abolitionist that tne same causes | which dissolved the union of the churches North and — South will have # similer effect upon the Union of tho | Btates. A. B. MOORE. THE FEELING IN TEXAS. Our Texas fies show the existence of sirong poruler | of fleeting of to’the government when {t shall pees | Te “many of the counties cret* accord of fecling is represented to exist. The lone Star continues to be reised, anc earnest apps! arc mee wo Governor to ‘all an extra session of the re. In some casee demonstrations of a determination | fo act incependent!y of acy other State are maniferte 1, though the more ceaservattvs portion of the warm Siete en an eer males * commor cause with States, dotpe nothing rashly, but not felting detind those most earnest for the of Southern rigtts. — 1y movement ic Texas cooms to hinge on the a tion of | ‘anc bis determination {a awa'ted with con- | ald net be surprised sireegth of popular | | fused to confirm said etect:on for the ‘be a warning to others Ler Komen proclivities. WM. ¥. PACKES, oraor of Pennsylvania. Mr. Jawes Redpath, Boston. SECESSION PROPOSED EY A REFORMED DOTOH CHURCH. eburch in of taking into consideration the propfict} iving their cennectton with the Reformed Datch cburch. Mr. E. Booth was chosen as Prosident, after which @ preamble aad resobs:ions were introduced by Mr. Kennedy, a momber of the congregation, setting fin) the ES eon work d menindind the present’ meeting as jows:—The ving, at « rogelar meet cailed for the b saeny duly clected Rev. Geo. W. ‘Smiley of Louisville, Ky., e& paetcr of the church, the Consisto ry of the churoh end the Clessis of Phitadeiphia had re- alleged reason of bis pot agreeing io doctrines with the standards of the Datch Reformed church on toe subject of the Atonement; and the congregation foeling dooply leved c: the avowed ressons inducing the action the satd jadicatories with which they ere connected, and bolicving their rights thereby tu/ringed cpon, therefore it was Reeolved, Thet by virtue of authority vested in this gregation, end contained in section ¢ of ite charter, reby do diesoive ell oennection wit the Reformed cburek, voluptart!y entered into or the 4th day of Duteh AL p nieth ah and hold ocrselves free art independent of fame, as though’ the connection tad never been It was farther Recolved, That the secretary of the mest. ing be directed te send & copy of the atove resotation to a and feeretary of the Cicssis of Philadel. ia. watt, Kraweoy stated oh length whet be considered $0 e prin nd prosent positicn jurch wi Foforanbe 40 tae, olny ck ite a ES reraguey? ete 3 5 femocrats: ne third of the less than a seventh of the de- | Post denoonces thie bill, pasced by the aid of democratic votes—votee sud bolds is up as an ert- ® e ? es oar. More than voted *, an anl eow BE i istration of Abrabam Lidooln will South. 5 g iG tue ayes:—ariel Ballo, Lymea Bar- tend; Brown, Jous & Dosest, | F peat Dr. Ariel Ballov, who heads the list, as lovg as we Lavo known anythiog « honored and trustec leader of the democrejic perty, baa represented bia town, when {t was democratic, in both | Branches of the Gencral Atsombly, was a Precideatial | Glertor in 1062, nad voted for Pierce and King, and was a member 0; the Convention which nom\aated Lechanan iw 1566 Gir eon ‘the party. Bradford ts not ces eminent in tho councils of Ho aleo bar teen elected by the democrats to both branches of the Genera! assem) y, aod servod with distinction. Ho was tho Collector of the pert of Provi- | Gence during he adm'nisiration of General Pierce, ant ‘was a member of the Charleston Convent! which eplit wpon Douglas and Bree! in: He is n0© the cenior i, which holde up the bilt Zn the debate on the dill tbe opposition wae lod by Se- | mouel Ames aod Hoory Y. We quote follow - ing exiracta from ka of Arie! Ba ad Tae: Bed — Mr. Ballou enid that he bed no intention any thing upon tho subject befere the Houre, an: ected to bave given ® silent vote upon it, as he csi wen the act was before os last winter. After giving bis vote there, he was led to inquire into its corree'uees, oud he could'pot now let bo Opportunity pass without making « few remarks apon the oudject. ?. Uhoughs that it must be evident from what bad been said upon thia subject, that our officers were not obliged, under the consitutian. to ean in recurming 7 remained, as diency. With: fugitive a Tho only queetion taat We seemed to him, was © qreetion of expe- in the pest yoar he had beon ied jo alter bis Whiek they could not rid themselves of, they bad some to | esto) the ‘astitation, and to revolve, ta thotr Legislatures eleowhere, that it was one of the greatest blessings of | Society, aad must be sustained. For one he was nt wil- ling to kasent, even by implication, to suet doctrines; and ince they had avowed thelr sext! nent! opealy, he deem ed It bent to follow their course 'n this ronpect, and de. — ja Ike manner, He shoult vote for this y Mr, Baffern thought the debate hed taken s regular | 4 Fangs The abolition of siavery hag nothing to d> with | Ge dill Devore us. Tha! bil! merely proktiiie our officers From asristing én aves to their masters. About word to may. ‘He though: iok © great des more of us if we voted muafully og? seat. ments it any rate, by fo doing we thou u He thought it very ai y mo gare; ben setiled that i! was not | obligate: y assist in restoring fugitive | Sinoe irtesn out of fifteen demo: orate voted in the House, there hare been three demo cratis administrations ia this State, and inly two strictly repablican. There have been two Awerical ropudiicaas ard the present adminis ration, which ts “con rratirve ” No movement towards the repos) of the Pornoaal Liberty cree made. The cava have twice had the repeal nay law, av pleased. In nether yy repeal or modify \t. it wiaadanow, | Alterations, ia the revised statates | ¢ Comocrate, and just ae v4 the fel! power wo repeat al when tho General Assembly was thoroughly as the Post would Bey < repadlicen, Dill wae letrod: 4 discureed at dente, | therefore, Spm oe pot | Ae the re thes re * and under, ae: oxceediog * oe “io Sco di “ ‘90 000 “ 600 000 “ “ 26 600 ® 860 0c0 “ “ 28,000 “ 700 000 “ ‘32 000 “ — 1,000/600 « . 40.000 «1 /260,000 “ “ 45,000 “ 1 500,000 4 ; 50,000 “ 1,800,006 504 _ 69,000 ‘ 2,000,006 * - 60,000 «4,060,006 “ 190,000 boar the aggregate amen of the debtor | certidonte, with the interest that may beso accrued upen i and regeictions of the Clearing ue it ic provided thet the limit of billa to be paldsby the debtor bank for balances due the Clear! House rball pot exceed Sve buadred dollars, and where. ‘ag, an extension of thet limit would greatly facilitate the banks in renderiag thet assistance to the businors com nity which is #0 much needed at the present i me: Resolved, That the ['mite of bills to be taker the Clearing House in payment for baleecot to be exten ied as | bits of follows, viz: that of the associated banks may be recetved in Liquidation of their day balaucor, to the extent of one half of tucir ty s ‘This arrangement tc oovsiass im force oF ntil otherwise ordercd. «foie I'mit, in eact arse, Ghar bi . was mibsoquently doubled ox a Ke sbante’ Bink, submit ted the following propos 4 substitute — 1. To faciiitase the ow Detween ‘he banks be the “Clearing Hose Association,” ttion ae amovat of its securitien in bille rece!vabie, Cuited Stats stock®, Treasury notes, Massaghcsotia Siete stock or jonne, Cy of Boston | to be approved by the com. mitteo, acid said commttioe.aball be euthorize! to lesue to | any ben! making such dopas\' certi€cates in cums of fire thoweend Collare each, to an amount not exceeding seven- ty Ove por cent of such Gopaeit, payeble in &triy days (rom date v ith interest at the rate of ctx per cent por an tum. The whole amount of the certificates which the cemmiltes may isu the sum of axe mill { dollass. The securities depo- tod with the committe sha be-bold &y them tn trust as B special depoat, plese! for the roveniptiod of the re- tpev'ive cortiicates iamued thereupon. e committee sball have power, at thelr digcreticn to demend ad. ditional security eftner by exebanging Wwe securities or by increasing the amount of the deposit, ac 4 to exchange any ion Of gale secur.tios at (he poquem of the bank making the deposi, ‘The deposit cortiicates isued as abewe may be ured in the dally settlemcau of the Clearing Heuse for a of thirty days irom the date thereof, and shall be re. soived by the creditor Danke in the tion £7 it shall be paid at the expiration of thirty dags from ite date, and the amount of tae Interest ehall ther be ap ‘amorg tne banks whiob shall Qave held the cer- oate. 2. That the specie belonging to each ove of the agto. ciated baoks sball be considere:| and trot ®! as & common fund for mutual ald and protection ; and the a€oresald co: mittee shall have power to equalize the saws by nesose- ‘ment or otherwise, at thoir dise;otion fo far ae y be necereary to accomplish the objects of thw foragoleg be m: before the shail wot exceed at auy one time | Gow, te vieteting thie agreement in regard to the amount y Mr. James G. Canney, of tbe Bank of Muta:! Redeup tion, said that the banks lived = credit, und sme was thel- cuty to stock was steady, and State stocks were a shade firmer; but the railroad shares were uniformly lower. Comparing the prices of the first board aed, we the one por fee ween te with the last authorized quotations of Saturday, we | Bausted. ‘He proposed thet the ‘apesie teva by tae backs | note a decline of j in Central, 1j in Exie, 3 in Illi of Boston be turned into « common stock and travaterred from ove bapk to the other, aud thus the legal amount of fifteen per cent be maintained. The banks must discount to bona fide traders and not t> specuiators, and the ter. cantile community be saved, and the banks prevented nois Central, 5 in Panama, 2 in Hudson River, 1} in Toledo, 24 in Galena, 2 in Rock Island, and so throughout the list. The bears were much encou- from suspension. sd raged by the decline, and offered their options with . Mr. Caign Stetson, of the Shoe and Leather Bank, sai: 1 4 ' the Beste bank choad’ sol Mine dhe tomas of lew boldness. After the board the market was rather off; in the afternoon the market was still lower, aad the advance of Saturday was generally lost. Cen- tral fell @ further 2 per cent, Erie 1}, Mlinois York—at this time. He House method. It was the duty the merchants. They should not suspend. Boston ban! should maintain themeelyes as long as those of Ne was dal York. Mr. Sateen mores | fo | lay the substitute aud Mr. | Central j, Panama 14, Pacific Mail 2, Carn le. Mr. Baran defended his substitute, and said that by it and so on throughout the list. At the those banks which had baiances to pay in New York would be with the means. Mr. 8, HB. Wauury, of the Revere Bank, remarked that New York was a creditor city, and that Boston was like close the market was heavy, the following being the qnotations:—United States 5's of 1874, 963 a 97; Virginia 6’s, 79 a 80; Missouri 6's, 69 a 70; Ten- ase ersaeittoe Of gentlemen ned wooed’ teiwem | messees, 79 & 80; Canton, 14 a 15; Cumberland | York, comme to an explicit understanding with the | Coal preferred, 8} 10; Pacific Mail, 80 a 3; New Ge cfice had wealth, trength aod a York Central, 75 a 3; Erie, 28} a j; Hudson River, New York would only lend us $2,000.00 in ob 5 5 do. 32h a 33; ban saan hong ga suetie, <2 = 43a 4; Harlem, l4 @ 4; do. preferred, 324 a Reading, 343 a 3; Michigan Central, 51 a j; Michi- gan Southern and Northern Indian’, 14j 8 15; do. guaranteed, 294 a 30; Panama, 113} a 114; Illinois Central, 5683859; Galena and Chicago, 634 @ 3; Cleveland and Toledo, 27; a 3; Chicago and Rock Island, 533 a 54; Chicago, Burlington and Quincy 69 a 70. ‘The most notable item of news from the interior to-day is the announcement of the suspension of the Tennessee banks. This wes not wholly unexpect- easily. Mr, Caswry stated that the banks should see thelr specie reu down 10 $1,000,000 before they stopped pay- ment. remarks were made by Mr. B, E. Bates, of the | Bank of Commerce, and Mr. Hodges, of the Washington Mr. Sratson referred te the fifteen per cent specie law, which he considered cf vo consequence, as there was 10 Mr. YER, ef the Exchange Bank, alluded to the no- a a ee for the banks and tho vanity. Mr. HAVEN eaié that his substitute would enabie the banks to discount all their receipts, and provean effectual | ed, as the merchants of Memphis and Knoxville poner for the Gonscial emberrasemente of the mer- have been suffering severely for some time from Mr. 8. A. Way, of the Bank of said that the 1 1. r o ion a penne ym re dtnat the | the want of bank accommodation, The real source te any bauk having that amoent in tne WRIGHT, Of the City Bank, thought the amount | of the cotton draughts was nearly exhausted. Mr. Brus, of the Granite Bank, said that be needed basa im specie to meet his ovligations in New York day. Mr. Sauce Floorser, of the Merchants’ Sank, advocated the scbstitute ef Mr. Haven, contending that the Clearing House plan was & virtual suspension of specie oo Mr. J. A. Davis, of the Sufotk Bank, read a telegraphic Softly et lags wovegintan Wahoo ings were going on city, aad that the balences “in ‘Boston weuld be allowed to re: roein, if porsiole. Mr: Caxtwarcut sald the best commentary upon this ise of the New York backs wes the statement of the ident of the Granite Bauk. Mr Sratsos moved thai the qrestion upon the motions of the trouble in that, as in other Southern States, is the failure of the corn crop, which has crippled trade. Ftneed herdly be added that the suspen- sion of the Tennessee banks wil! make any me- terial difference to the general trade of the country. From New Orleans we hear that sight bills on New York are down to j a premium, an indication that the cotton movement is reviving. The private let- ters from Now Orleans are more c! fidence is expressed in the abili sustain thomselyes. From Mobile, and from seve- ral points in Mississippi and Georgie, the ad- vices ate very gloomy; trade is at an end, the of Messrs. Haven end be taken by banks. | currency is depreciated, the stock of food is run eit dial ‘ais es banks couia‘nct | "28 down, and the people have no means to buy 9 on if the House poltcy was adopted, but | more: in these States the idea of secession seers we — "Fjeoed that the ree Colgpinp to | to be adopted by many a a desperate remedy for suspend, but shoul proceed to discount to thetr cuetom- | intclerable evils. A bank director of Cherlesten, ers. His bank discounted te the amount of $78,000 yea- terday, and rew paper aciety. Mr. Wu. Teomve, of the Webster Bank, thought tt was tl yg Dad banks to protect the currency of New gland. The vote was then takea upon Mr. Haven’s substitute, and 1t wag rejected—26 to 10. Mr. Caruey’s motion was Likewise rejected. ‘Mr. Ceaure: B. Her, of the Nationet Bank, everred that, in order to aiford any accommod tion to the public, it wes posted be Dormes the amount of tho gettlemont in bille at the ‘mz Gouse. He therefore moved that the sem stated in the report be doubled, The motion was adopted, and tho report of the Clearing House Com- mittec, as -wmendet, was passed, thirty banice votiag ‘n S. C., writes us te confirm the telegraphic stste- ment that the South Carolina banks will not sus- pend. His letter was written apparently before the suspengom of the Farmers’ Bank. Fo adds that South Carolina wEl produce this year 250,000 | bales of upland cottor, which, with the long cot ton, rice, turpentine, ke., yielded by that Btate, will be worth $25,090,000~21l of which, he adds, will have to be paid for in ccin by the purchasers at the North and in Furope. At this rate South the efirmative, and ¢ Mutual Redemption—in tue | Carolina is going to be very rich in specie, and one bs , was also ome cannot but wonder at the shortsig#ved policy of Resolved, That the Associated Banks of Boston believe | the directors of te South Carolina Tailroad, who, it to be the duty of the Boston banks to matotain the in- téerity of epecio paying banks !n the present crisis, and fa order to mect the da of the commercial com- in the ec of'eq glowing ¢ prospect, have just dis- charged one hundred herds. Weneed hardly say muptty wi | render all aid possible in the necommodsti i “ ia 7) toe quanti oy eeaeent ike aren 7 Rhee | that we are delighted to “hear that the prospects of ability. the oki Palmetto State eve so cheering. An idea Without transacting any other important usiness the | gid prevail here that business not so pros- Acsoointion adjourned. ae perous et Charleston and in the interior ss the = 3 Aarne, i. a friends of the State migat have wished; the report- MB, =e aan wie of ey yn says:— | €T8 of the Associated Prasa, even, have been so NEW YORK HERALD, TUESDAY, NOVEMBER 27, 1860.—TRIPLE SHEET. ar ageurances some of our leading buyers later ‘ban Friday last io sterling at 104, w the tame bills can now be bad readily at 100. Bo this as it may, the busine to day indicated » partial return of | Ooniivence, ana off to constitat ipg the Comard general, made arrangemeats to ship, thus relieving the market Wo the same extent as if they bad sold Exohange went off more freely, The sales of sterling re nearly £70,000, the bulk of which was at 100 for the vory best names, witb some at 99)¢a99°%. We wore assured also of & tapsaction as low as 95, but this must be looked upon a8 exceptional. Drafts with documentary | evidence might be placed a 95a 973 A round amouat of &1 france was sold at 5! €0, which puts the quotation © rapge for all kinds down to 6f 75. Asale of sixty daye — tight on New York was mado at 3}, discount, and an- other round amount at 314, with the understanding, how. ever, that the gelier bad to furuish an equal sum of sight | ‘at '¢ discount, which is fully 3g per cent below the mar- | ket rate, Fifteen days’ sight was sold to a fair extent at 4) digcoumt, and five days’ at %¢ discount Sight was | searce and in de » with sales outside as bigh as 24 premium The bauks have put up the countor rate to é a % premium, and bave but smali balances to draw for. The demand for money continues pressing, bul is confined altogether to bank, a8 outside negotlations can- not be made at all for the present, A good deal of the discounted paper bas to be io part renewed, but the ool- lection account, which is now very beayy, admits of no such reduction. The banks are freely applying their in- come towards alleviating the pressure, butare doter mined not to expand. Tbe sudden rise in sight funds has, moreover, forti! them ip the adoption of this course, In | the meantime it is useless to Geny that there are some very sharp corners, and they can only be turned by free sales of cotton, \The banks must, therefore, oncourage the | movement by liberal purchases ef exchange. ‘The Milwaukee Sentinel of Friday says: — Money matters were quiet yesterday rather than cx- cited. “The distrust with regard to Tilnola curreney is gradually givivg place to more confidence in its intrinsic worth, and baidere do not seem inclined to submit to any morifice to get rid of it. Most of our merchants are now taking it at par for goods. The discounts at the banks oa all except the dills of those banke that have been thrown out at Chicago remains at 3 per cevt. Currency is be- | | | | | | market {s now stringent 1s the short supply of exchange. ‘The nom!ual rate is 2 per cent premium, but the banks tre only selling to customers in cases of very urgent ne- cessity, Ovtaide partie have to pay avy rates that the brokers choose to demand, The Cincinnati Gazette, under date of Thursday evening, remarks: Bankers commenced drawing early in the day at ¢ prem on New York, but they sold very sparingly, aud | checks were not to be Led to any extent im the afternoon ‘Beas begin to revolve ev thore ia a more cheerful feeling, and if the wheels ng wth 2000 move as usual. Troe, the ' - ere mul currency is ‘accumulate panes ¢ ms 8 Op per cent, and confined mainly to th very Amounts. Buying ratee'S a6. per cout soll )epres to learn that Moser Aurora Bank, bave been obliged to cl latioval Bank at Equality, Ml., ‘\woonsin. woers They own, also, the Arciic apd tbe Lilis are all secured, the faiture of the o allces these banks in the least. comieg mors plentiful, and the only reepect in which the | } Delow 1 prem. There was no demand for Baltimore, aad we cannot give @ quotation New Yori checks sod in that market to cay at 35 Te Boston also was geno- rally unsaleable Philadelphia was and eoid at '¢ The marke! closed unsettled, and wo emit quotations for the preaeut. TX ts nos the intention of the Valley Rank to advance rates above 3;, but it will be compelled to contract its business while rates are 80 much hightr in otber quarters, Gold retailed in the af ternoon at 2 per cont prem. Very little dolag in time bills, and races ure uomival The shoe business is one of the first branches of business to suffer by the money pressure. The Newburyport eral? says that ‘some mynufac- turers are snepending peyment, and more are sus- pending work, leaving the ‘jours’ out of employ- ment. A large number are in that condition in this quarter—men who heve not been idle before for years, The mannfacturers cannot give ont work with the goods accumulating on their hands, and the goods cannot be sold, because the demand is smal] and credit sespenced.” Tho Boston Pos! of Saturday says:— Bank specie #2442 we cnn gather tne bar limitation Jaw, and disco: | this view they cen lore a milion more coin without incon- venience, and, ag @ matter of ovurge, Can discount reason- ably, ‘This morning's despatches from New York say that the New York banks w!!l draw no more coin from this city. There is no talk cf suaponsion bere, excopt among those who expect to be directly benefitted there. by Bat the feeling in the street and at tho Stock Board is better, A despatch from Philadelphia, dated on Satur- We are requested by Thomas P er, Inte Dapaty United States Marshal, to state that the attendance of the jorore-gar moned for the session of the Fedors! Court to wwe beea beid in this city on next Monday will not be far misled as to speaixof a severe flnancis! pres- sure at Charleston. If, a¢ our correspondent writes, the State is about te take $25,000,000 in required. specie from the North an(f trem Europe, why all stent om Monday he LSet wooden eran ae stories must be set; down as calumeies, and boxed up, passed South, ina over ci N i boner following day 7,000 = » uy = A @ prospect of collec ting Northern debts in direction. Their exact destination was no% known to the Herais. is generally expected. Rarer: or a Macuasic Prom rar Sorrm.—Mr. P. 8. Sacre, who, with a party of other mecha. South Carolina must be ) »ronsunced far better than | We heave seen lette) = from Missisetppi which day, notices sight exchange on New York at 2a3 percent preminm. It says:— The money market here bas been made very quay by the bank acticn in euspending specie payments, The ai- ‘vantage of discounting thus silorded ts operating very fa- voradly iu business circic#, First class payer, which was previously cilerea at two per cont @ month, was in do- mand, and sold today at three quarters per cent. Tho d@ Moulty of obtaiclng eucicipnt specie for general circula. tion in busincer in, however, Decoming seriously felt by the micdle classes,and gives cause for muck complaint. Some of the banks are accommodating ta's demand by re- ‘wont out te ‘ou the leat trip of the Mas- | 8peak most ominous! y of the prospect fer | ceeming their Ove dollar notes; yet the circulation of the sacusetie, came back in that vessel upon Her roturn to- the winter in that f tate. Of all the Bouth- | ‘smal bills of other States, though ia violation of the law, ieee tyes het oon where be probably | orn States Mississippi enfared the most from | “lilt be rendered necessary. expressed opinions thes were aot well ressived, aad fear- " PP bay rom | The Missouri State Treasurer has issued the fol- ing violence, he took the first: to come back — | the drought this sumr er. Corn is now selling at |, - baat Doster: Fraveiler, Nov. 21. lowing notice:— prices which are abs. slatel7 ruinous to the planter; and since the recent derangement of the currenoy, the supply, even at exkerbitant prices, hes been Arrival of the United States Steamer Orueader at Pensa. | *!most cut Off, Sout hern dealers cannot buy cora cola—The Steamer Pulton, «do. with Southern curre acy, for that is depreciated bo- This morning the United States steamer Crusader, Lieut, | yond measure, and will hardly be taken at ol in commandirg John N, Maflitt, arrived at this yard from | the West; nor cant hey ect gold to bug it with, for Key Woet. She is expecte! to remain here afew weeks | the recent penic has stopped the movemort of for the purpose of being docked in order to have her cop | cotton, put up excl iamge on the North and checked per cleaned and examined, as well as for general over. | the flow of specie Southward. A leading citizen bealiog. She bas been aground soveral timoe during this | of Mississipp! writ es tha: while the Concressicnal eruiee, among the coral banks of Ceta Oneof ber | aoincation of that Btete are diverting themselves steam cylinders, which was broken ebovt six months by meeting to devise disnnionist schemes, th of chasing savers very weil, having taken the lead of | enreg to be laid. before the Legislature, ore fecyinm le bere rebuliding the sidowteel steamer | hope of averting tl ¢ famine which is now in Fulton. It is a pity to waste good materia! on anything ‘bat a sorow steamer fo: war purposes. ‘Our Naval Correspondence. Waxnivoeton Navr Yann, Fia., Nov..16, 1860. there will not be { ound enough in the Siete to feed Reeoxanon —Jobn M. Harrell, United States District | the slaves, and thy: posaille consequences are ap- | Alioreey for the Eastera of Arkasses, bas rosign- i late. ed hie position. palling to eouten rplate, that the condition of oth Georgia and Goutli Cars than that of Mis: tissip, fierce political exc ite vital matier ie overfook We would « these are circumstances wlich call for a the part of the North. Jt {3 just as important to provent the impend)'ng fam‘ne in our sister States 36,086,709 | of the Bouth as it wiis to avort the threatened sua- 207,875 .¢,163,806 | ponsion of specie payments by the banks of New We are led to bel otton Btates— Alabam: a—is not much better though in the present ¢ this really | FINANCIAL AND COMMERCIAL. Mowpar, Nov. 26-6 P. M. The back statement of this day comparcs as fol- lows with that of last Monday:— Loans Orculatton $123 271,024 1waseato 0.906, 317 sc to 909 122,518,454 18,760,873 6,008 442 7: Decrease . It will of course be borne in mind that thio state- | York city. In the present Cisordered state of the ment does not reflect the present condition of the | internal curreacy andl exelanges, great impedi- s 0 = 106,007 benks. Thoy have fully @ million and a quarter | monte are thrown in the way of the transmission more specie than the above return shows, cs the | of food to the South. Those impedimenta it should California romittance per Asiel di! not cornt at | be the concern cf onr mereianta and bankers to and the gains from the Bub-Treasury only | overcome. Corn and flour should be sent to sted one2 or twice in the average. Their | Southern points at every eost. loans, too, end their deposits arc,really much | The a Missouria &es rednced the do larger than is shown above—the expansion of “ri | Prec is currency to four or five per day, which is reported to have beon fi four mil- | cent. State Anditor has determined not to lions beyond the bank receipts, Leving only | press bis demand cpon the banks for more securi | counted once ia the average. Taking these fa: ty. qaotation of sight exchange on New York into oonsiderad‘on, the above stetement mutbe | at 5 @ 6 percent Ciscount does not necessarily regan’ed as setisfactory, It seems proballe | imply @ cossation of business; it morely meana that that our banks will, before New Year, hold net | the depreciated currency of Mlinole has fallea so | less than thirty millions of specie, and perhape | much below the specie standard. ons by the lst of Febraarg. The pro The business of the Saub-Treasuaty to-day wae as | cess will iavolvye some injury and some euflering to | follows: — | the communities which lose the gold; but we are | Receipts. wae e witnessing the trensfer of commercial centrality | Payments... ‘* gea'aee to from London to New York, and it cammot be ex. | Balance....... these + 4,023 004 46 The directors of the Little Miami Raload Com pectod thateo stupendous a change as thie con be effected without some throes. The discount brokers have done a pretty air business in paper to-day, at rather stiff rates. We quote firat clasa shortat 9 a 12 per cent; lomg pa- per, la2 per cent a month; names not cenerally known, ll kinda of irregular retes. It was not easy to-day to borrow on stocks. The banks will not lend on them, and until the stock market evinces more signs of stability private bankers ara rather shy of them, too. It is evident that the pub- lic have not yet quite made up their minds as to the working of thenew bank policy. In th? course of a day or two, probably, they will be better satisfied on the subject, and the rate of money will decline, A fair business was done to-day in forcian ex- change, on the basia of 103 a 104 for bankers’ bills, pany have declared a ci tLe last six months. In relation to Mesers. Ramnel Harris & Sons, of Baltimore, the Sux of that city saye:— This is an old houre, favorably cetimated as one of the mont respectable banking bouses in the country. It ap- peare that Mesers. Barris & Sour have decided to cose their Coors, at least for tbe present, ratuer aa & preven thovary bes ny p= Beceerity. They ce oot | propore, we to put (be mancgemen Paton thar own Wands, bet wil pradab | | & compretensive statement ia a suort t, | The New Orleans Picayune of Monday night, November 19, says: — ‘With the exception of cne or twe names, sixt; bills on New Tork aro unealesble. 2 small Amount i idend of four pee ceat for | | | | at. For taal purpose a statement ab. \il by each bank op the morniag of every day commencement of busicess for the day, which shall be root the exchanger to the manager of the Olearing Howse, specifying the fotlowing tems, viz..— 1. Amount of Loan 2 Amount of Deposit, 3. Amount of Cireviation. 4. Amount of 6 Amount of ing Houre Deper|t Certificates, After the first day of February next every back be- long. pg to the Cleari louse Association aball bave on baud an amount of specie eqael to on foorth of the amount of ite liabilitin for cireviation ant deposit. When tre specie in « k it below that proportion 't thall not make e- ton of aspect belonging w rei ~ ae 1 "tee fr pereitt, afior and 160 a 102 for commercial signatures. The market shows a marked improvement since last ' Some | week. Rut parties who are in want cf money are it was wg Sones. The mone: quite likely to try to raise it by the sele of bids, oon ‘works very close. In the abvense of any notabie | fis they did so freely a fortnight ago, and cates Mey S34 many gond pocyio aes burt premen it ma ceenees of curtailment hse been ad! © for some works ni ti . We os at 5.40 a 546. ot be sustained. We quote france at 5 part is contivued, we cannot conape without some trouble Bterling bills at Mobile and New Orleans are offer- plese there be @ iit in of negoviat! ed at 101. | ik'ts tesleen to quote aay ovtaide rates Tor mousy us Unnee | The downyard turn in tho stock markt which | ** '\Werally no sales ot paper | COtiitinnce! after @ ; t om Saturday, | Tha same journal adds, on Tnosday night:— | On tha strength of despa'cher from New York announe- | tog that eeype of tho prominent Wanke had cone into ee. | S) gemens for the purchase of £560,099 excaange, and a 1 if relief bo not affi rded, be adds, by let Febreary, | | lv | Tarsasvnen’s Orrice, Jarverson Crev, Nov. 21, 1860. Missorn: Ramg0an Bonps,—-Nottoo ie hereby given to ai) boiders of Missouri Ratiroad bonds that the coupons for the sem! annual interest op 6aid bonds will be paid on presentation at tbe Bank of Commerce, in New York, on and after the first day of January vext. A W. MORRISON, State Treasurer. The earnings of the Michigan Central road the third week of November were as follows:— ‘Toird week ne 5 1860... 1860... Increase. .... 0... + The Galena and © week in November coveee $8,968 80 | The Wisconsin State J lewing statement of tho securities deposited by banks to protect their circulation. It is compiled from the forthcoming report of the Bank Comp- | troller: | On the | notes out sta f October the whole amonnt of cireniating y wen 4.461 572. which was ecured by teoonminy ® . | Minpesow, eight per cent California @even por 09: | ought at 3; prem., | 2.00 E RR Sabo, "83 8000 Erie RR 4m be 2.00 Erie RR 6 m be 2000 Hod R 8d m ba 100 dar RRL mtgo 40C0 Har i m bee. . 2000 MC 8p 61 mafcb 2000 8000 M 4 Ist mtge ba 000 MS 24 mige be 2000 North Ia 1 mtge 1600 1 Coa RR bus 000d : 1000 Del ,L & W 2m. 26 she Bank of NY. 200 Bank of America do the movement, ti! wen that is better 2 & largely. Bo: rate The bn for 4 per cen! Bail & Brot dat & Bro:her’s Bank, in 8 = 360 I] Cext RR sort; 850 96 108 OL do. 150 Cleve & Pi suena, & Chic 850 forward | exobaage ‘then ogand : Rp a SSserseeegsec’ aK x “o “a RR seuysese aR FRR 65 65 ‘ 65) 60 do 46% 200 do. 65, 60 do 464 60 do 55 125 do 46 1€5 Chio,B & n 60 do. 100 vum'Qoal pre! 10 SECOND BOARD. $2000 Tenn . 30 100 ebs Reading RR.. 382% 200 Boson: 68.600 | | HMaole etx sper cent... ebenvee Song | Joma seven per cent 18,000 | Indiana Bve per cent sages Indiana tw.) and @ be'l per cen 85.700 23,8 126,600 Migeour! fix per cet . 1,408,00¢ Micbigan Fix per cent.. ‘06 500 | North Garotioa six por oe 606 600 | Obio.aix per cent... | Tennensee six per cont | Virginic Gre per cent Vuy eiz per cent Racine ‘tad Mitelerippl Co eee anke> and Watert per cen’ Railroad ows Railroad bonds, stght | 490 50, the increase of outetasding civculabior enme period was $48,451 increase and decrease daricg the yenr, of ‘Tho inarecee of recurition during the osited with the Comptroller, were as | foilo | ‘The increase has been in the following cocuri- | tes: | Minnesota per cont... $12,000 | Calitorocs # 286 000 Georgia ei por cent 6,000 lows seven per cont Indiaua five per oon Indiana two and a hall por cont, Keptucky six per cent.. Louielgna ex per cont Michigac fix par cans... North Carolira atx per cont was BST, | during th> ‘Tounesses #1x por cent, TOU ss seecescves seersceevseeserersvereeees Bince this report the Comptroller bas made a | call on the banks for additional securities, which | hasbeen promptly responded to, and the aggre. | gate security has t been considerably increased, At Chicago on Thursday evening the notes of the rejected Mlinois banks were bought at eighty cents on the dollar, The Chicago Zrivune of Friday says:— The exchange market I° moro pteady to day, but rates among the barks generally are higher, A few of them Will not pel! at avy Agare, but tho majority sapply cus. tomers freely at To 5 per cent. Thougu the price is high, for shoulders, and 10i%¢ & Ilo. for | quiet, firm and nominal. at Tigo. (atl wi New York City Banks, Nov. 24, 1860. Banks ans Specie Circuit ‘of moment from Saturday's prices. There wat a do. 86 *aname RR 250 Ill Jen RR earip.. 69 100 do rt) 160 Oh, Bin & Qy 38g 8,908 44 n. 188,377 4 268,534 3,852 3¢9 804 21 196,309 1,226.186 ‘110.249 417 998 280,815 1,700,408 — 18418 2003418 858 679 12,810 087 1,382,799 1976 6,605,110 + $26,402 81.106 118,810 444,901 Core Eachooge. 1.804812 113800 136001 | He1'ano Corn 5 Contipental. . 094,174 1.293 195.896 1,397,679 Commonwealth., 1,210,112 117,779 333 843 147.822 Dry Dock....... 400.429 194,298 206,883 East River...... 346 80.676 220 G45 89,001 605,728 117,203 = 460.560 100 247 1,384,042 208.735 1/046 473 298 865 3.003.602 97.095 1.667 926 204,288 2,947,915 802/927 3.021874 138 698 430800 144.210 519,104 203,749 834,748 220 901 3,649,145 168,809 ‘808,219 123,811 984 590 101,766 381.996 21 84 78,126 384 202 308'289 98,453 260065 447905 = 83.604 83,972 390,282 4,106 867 696,186 423.428 2,040 581 2212 653 1 038 903 1.680,790 760 516 1,669,045 1.815.191 + 407,376 6.661212 2,912,623 998 322 712.928 3.970.621 1'200 065 3,645 925 “. 1gaa 404 2802 274,036,798 CITY COMMERCIAL REPORT. Moxpar, Nov. 26—6) M Aeneas —Tho market wee quiet, with small sales at 6c. for both sorte Barapercyys —Flour—The market was without change ir de man? from the trade ani moderate sales, The salce foot €d up about 14,000 bbis, closing within the following range of prices — Soperfne Btete......... . Corn my al, Jersey and Br: —fanadian flour wan rather 800 bb at $5 3098725 © Seuthera four was yw firmer, with STSRSSSEES jos of about rregalar, and ocmmon brands were caster, while the saict embraced abont 1.400 bole, closing within the range of the above quotations Rye four was steady at our quote mith sales of, 200, bbl. (Corn moa wae * Ggares within the rap, 4 head Wie shave oat with ge of our quot on. ‘The nea proach of the cl: @ yeliow embrace! 4.000 buabele Canad: ed me sotions em br Dorley waa beld with war belé at $00 g00d Gemand and Grmer, with ao Of Stato ab BTi¢0 0 foreign nowe wae fod. Tho transnctions baie. ad jocsl trade. wi tore, $1 Wisconsin, $1 16 a $1 16 f ‘orth western do, and $1 Cora was in fair @, inclatiog W for do. from store, tern mized at maness, while Rye was stoaty at 100 dul, ere quite light, exb\bited no change in as had been pretty moo embraced hotween 2 000 lati or Milwao Oat ia mand from the the sales embraced shout 65> the sales ast at 700. Boricy malt Oa Prices more or leew ices, Tho » aniicipa. and 3,000 Pamorrs —To Liverpool about 40,000 « 50,000 busheia token in ahin’s bape. ange Were engaged at 14 j¢d. & Lid , in abit Krein were ergay | aod obip's bage, as 12d, wilh email lots at Doin, Gour at Be 960 boxce bacon at 462,100 bales of hops at \d., and 100 bales cotton at 9.944 © lead for twriat ine! jth wheat at To @ w about 20, og corn atd wheat, in bulk 12544. 8,000 y, vomse| was id. a lid, 0,060 buabols when! Navar Svonae were qulet and nominal for most do ber tie Prove vs Pork —The market opened do! but clered with more Sirmues; the salen counted to abou! 300 a 400 bbie. oe for sew Cut meats w Movements tn Real Ketate: By A, J Blerekor, fon & Co. © lstave. and Toun 2B cor. Ist nee wed TH wt, 9720 bat, Ist ave , 2xtoay. » Ist avo, 25210215. adjoining abeww, 25 10917 Ding Abows, AxIo2 6 Ad) yibing above,

Other pages from this issue: