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Thursday, Nov. l4-6 II. M.
Stocks still on the decline Quotations fell off to-
day from to a per cent with very limited sales Penn
sylvania Ss declined per cent Indiana 24 Ohio ss
Indiana sterling Il Norwich and Worcester IL; ston
inston Morris Canal l East Boston Long Island
Ii Erie Railroad improved |, and Canton Company II.
The York Bank has declared DIVIDEND Of per cent
for the last six months


The Hanover Savings Fund Society has declared dyi
dend of per cent


Merchants and Manufacturers Bank Of Pittsburgh for
the last Sixmorths, per cent


Exchange Bank Of Pittsburgh for the last six months,
sper cert.


The recsips of the Norwich and Worcester Railroad
Company continue very large, exceeding the liberal
estimates made by the warmss friends Of the work The
income for the present year will fall much short
two hundred and twenty thousand dollars.


Noawrcn AVID woacEsrER RArLsoAp
Receipts Tor October, lS44. $40 764 a.
Receipts Tor October, ls4a. 10 ss5 3s


Excess for the month in 1914. ...... !. s,s7s os
Inc earnings OF the first nine months of ls44
.;s..,.''.... ........".." $i63bss 81
Oc'oser' as aooVe. .................. 20 1874 81


Earnings for ten months. 80. :. ). .sls4 2ss SO
Inc remaining two months gave last year. "a 600 0O
lioDapiy TINS year..'..... 80 600 90


Estimate for the year. r.............. .$2l9 29s 50
morning paper of this city, in alluding to article
of ours in relation to the banking power OF the State
Banks IN connection with that of the United States Bank
asserts that show that the old bank was
very ussfa institution in acting check upon those of
local character and restraining every expansion they
may have attempted. The general tone of the article
alluded extracts from which made for tn purpose
ofconfrmng the construction put upon it, went to show
that the destruction Of the United States Bank had not
removed all the dangers with which tie commercial
classes OF this country surrounded but that the





to produce mismanaged evils great any hereto.
fore brought about by the combined Efforts of all the
banks in existence from 1880 to 1886 This Is the truth
and this truth has repeatedly been owned the editorial
and commercial columns this paper These facts
which fgureI confirm We annex table showing the
movement Of the United States Bank from $780, and the
great expansions experienc cd within six years.