Commercial and Money s,s;,e,x.
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CFor sGes at he Stock Exchange &c see Last pcy.
again considerable decline. The feeling an
preached panic, but after the Board there was an
immediate reaction and prices were 10 per cent.
better.


The Exchange market is without change. The
demands light at 82 per cent. for Sterling
Francs 80 a. 26s


The New-Jersev Railroad and Transportation
Company have declared dividend Of per cent.
PAYABLE on the lst of February.


The following statement. which we fnd in the
Journal of Commerce, accounts for the improvement
which has recently taken place in the stock of the
North American Trust and Banking Company


The assets OF The institution have inate:'al increased in
Tie Receiver claims that the should be aside for
tne that they created TO the payment of
yh5oa Of b Act Of MAJ 1910 should tbs oTinian ofthe
Receiver sustained By the Vice thaYCelior before whom
the has argued large of assets Will
BE- fer The aTment OF e small amount 9" teOts
which Will be legally due and division among he stock


IN receiver in his oani,a of the entire esay OF tn
trusts eine understand, BY III, eminent
tu'ion teloIe the trust, ,v.re c--tied


slkans Goa g09o llahaina Sl3,iG9
ONO =. ....... $0d Coz Florida 2jo 900
Maryl,nJ iC0.O9G TosaI - s. 792 u0U


q: . above em0un understand there ar now on hand
}' 70 Mic may he sdi,i the bends aud mortgage,
,a!,en Cor capital stock $500


IT, al section Of the c; .; MAJ; ii, a;o teciiiss tn. r
B7taing association individual Bank Sa ISSUE any b
not except such not7 shall be made Payaha c4 dem2t


The -upleIn4 Court decided th- of Stafford <
IycHoi ta -e Act q; iSi0tl-se hafkGs asrocl4-
uoas could ~ sS- aay NEGOTIATE g3p-r or mn ms d
CfsioI sd IN The Court Of EnorS Bu he Ssa-


.r 49, , ned ~; N tIst & BE- iss etrr M iaw Of ISiG
+ :you hare b, 1oid So that tie ou2t Of rrors sys II
eect cie e.dy upon many not i! OF gse trusts
dated u issued dter the .Qct 1880 ,a secured by trusts
.r1 yabIe tine with interest; exGd S3io00; and ht
nominal amount OF property OF th~ Bnk enasacrd IN the
u SIS made such uoeS, eSc-e'.s 81 100000.


In addition to the above the following paragraph
we clip from the Albany Argus


Western ;IIen informs us that the Receiver OF this ins
has recently obtained written opnons ror seyea o
tte most tnguslet urs OF this Stat the validity
Of the created b. ;hs Compan and that such counsel
the trusts void but large par: if no; he yole b 70 pro-
which the made is a:o utterly VOID, tor usa
r. aud other grounds


The Governor Of Mississippi in his Message, ad
mis the validity of the Bonds issued for the Plant
ers Bank- and urges the necessity ola resort TO tax
alton to enable the Treasury to pay the interest and
principal. The following rich paragraph, more
amusing certainly than any thing in the " Complete
Jester is from the same document. The Governor
Of Nssissippiisa wag:


THE peo pie OF the State Mississippi brave generous
Just yet jealous their rights and homer both personal
androl,ca They dare 10 10 any ,aing that Is rsh and
therefore they have. without sordd and yarcous nilu
ence, dardto dsow and ect o. to use more common
preston repudate the bonds issued account of the
vicious aud prohibited by the Constitutions notwithstanding
the act passed and the entered into by
they the Of The STATE in rhat behalf and had au
hor TO pass such aci and TO enter into such
arsh, violation and rs1UdiaOn To such brave, gene
rous and lust and At the same enlightened people
look with an abiding that tn, faith credit and
tuon of M State viii be supported ana preserved with an
integrity and prompness which WI" endure the test oi scTu
tiny aud tms .


The bill introduced into the Tennessee Legisla-
ue TO the capital Of te Bank Of Tennessee to pro-