USA > New York > Erie County > Buffalo > The Commercial Advertiser Directory for the City of Buffalo, [etc.] 1860 > Part 5
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Clinton, from Main to east line of city. Clinton Alley, from Clinton to William. Clinton Ave., from Delaware to Niagara River. College, from Cottage to North.
College Place, from Johnson Place to Park Place.
Colton, from Erie Canal to Lake Erie. Columbia, from Scott to Buffalo Creek.
Colvin, from Bird to Amberst.
Commercial, from Terrace to Buffalo Creek. Connecticut, from Rogers to Niagara River.
Cornelia, from North Canal to Little Buffalo Creek.
Cottage, from Hudson to junction with Vir- ginia.
Court, from Main to Erie Canal.
Cypress, from Michigan to Pine. Dann, from Amherst to Hamilton.
Daugherty's Alley, from Seneca to Folsom. Davis, from Genesee to Jefferson.
Dayton, from Main to Prime, Dearborn, from Tonawanda to Bird.
Delavan Avenue, from Niagara to east line of city.
Delaware, from Terrace to north line of city. Delaware Place, from Delaware to Virginia.
De Witt, from Breckenridge to Scajaquada Creek.
Dingens, from Williamsville Road to east line of city.
Doat, from Williamsville Road to east line of city.
Dock, from Water to Buffalo Creek.
Dodge, from Main to Michigan.
Dole, from Seneca to Elk.
Eagle, from Main to Indian Res. Line.
Eagle, West, from Main to Terrace.
East, from Clinton to Howard.
East, from South to Bird.
East Bennett, from Clinton to William.
East Market, from Main and Hamburgh Canal to Elk.
Edward, from Main to Virginia.
Efuer, from Georgia to Virginia.
Eggert, from Sugar to north line of city.
Eleventh. from Carolina to Albany.
Eley Road, from Main, near Poor House, to north line of city.
Elizabeth, from North Canal to Little Buffalo Creek.
Elk, from Ohio to junction with Seneca.
Ellicott, from Seneca to Northampton.
Ellicott Turnpike, from Walden to east line of city.
Elm, from Swan to high.
Elm, from North to Best.
Elmwood Avenue, from Ferry to Delavan ave.
Emily, from Delaware to Carolina.
Emslie, from Seneca to Batavia.
Erie, from Main to Erie Basin.
Erie Canal, from Main to north line of city.
Erie Slip, from Erie Canal to Erie Basin.
Essex, from Rhode Island to Massachusetts.
Evans, from Terrace to Water.
Evans Ship Canal, from Peacock Slip to Buf- falo Creek.
Exchange, from Main to junction with Seneca. Express, from Pearl to Franklin.
Farmer, from Tonawanda to Erie Canal.
Ferry, from Williamsville Road to Niagara River.
Fifteenth, from Vermont to Connecticut.
Fifth, from Court to Vermont.
Fitzgerald, from Elk to Indian Res. Line.
Fletcher, from Hamburgh Turnpike to Sopbia. Florida, from Main street, east.
Fly, from Maiden Lane to Evans.
Folsom, from Michigan to Jefferson.
Forest Avenue, from Delaware to Niagara River.
Forest Avenue, from Main to Ellicott Turn- pike.
Fort, from Niagara to Erie Canal.
Fourteenth, from Pennsylvania to Hampshire. Fourth, from Genesee to Vermont.
Fougeron, from Walden to Genesee, (extend- ed).
Fox, from North to north line of Love's lot.
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COMMERCIAL ADVERTISER DIRECTORY.
Franklin, from Terrace to North. French, from Walden to east line of lot 7. Fulton, from Michigan to Smith. Garden, from Carolina to Virginia. Gay, from Michigan to Potter. Genesee, East, from Main to junct'n with Best. Genevee, West, from Main to Erie Basin. Genesee, (extended), from Williamsville Road to east line of city.
Georgia, from State Res. Line to Lake Erie. German, from Genesee to Sycamore. Germain, from Amherst to north line of lot 250.
Gibson, from Amherst to Military Road. Goodell, from Main to Cherry.
Goodell Alley, from Tupper to Barton. Goodrich, from Main to Michigan. G rton, from Amherst to Austin.
Granger, from Chicago to Ohio Slip. Grape, from Cherry to North. Green, from Washington to Michigan. Grey, from Batavia to Genesee.
Grider, from Delavan avenue to Ellicott Turn- pike.
Griffin, from Porter to Carroll. Grosvenor, from North Canal to Eagle. Grove, from Race to north line of lot 86. Gull, from Niagara to Erie Canal. Hagerman, from Swan to South Canal. Hamburgh, from Seneca to Buffalo Creek.
Hamburgh Turnpike, from Ohio street at Toll Bridge to south line of city. Hamilton, from Spring to Jefferson. Hamilton, from Emalio to East.
Hamilton, from Tonawanda to Niagara River. Hampshire, from Sixth to Ferry.
Hanover, from Main to Prime. Hayward, from Elk to Otto. Hencock, from Seneca to Elk. Heury, from Terrace to Erie Canal. Herman, from Best to north line of Love's lot. Hickory, from Swan to Cherry. High. from Main to Johnson. Hinckley, from Spring to Jefferson. Hodge, from Vermont to Rhode Island. Hoffman Alley, from Hamilton, south. Hollister, from Spring to Mortimer.
Hopkins, from Abbott to south line of lot 45. Hospital, from junction with Mohawk to Erie Basin.
Howard, from Jefferson to Williamsville Road. Howell, from Amberst to north line of lot 251. Hudson, from Wadsworth to Lake Erie. Huron, from Oak to Niagara. Hy. traulic, from Seneca to Scott.
Hydraulic Canal, from junction with M. & H. St. Canal to east line of city. Illinois, from Scott to Buffalo Creek. Indiana, from Perry to Buffalo Creek.
Indian Church, from Seneca to County Fair Ground.
Jackson, from Church to Wilkeson Slip. James, from Emelie to East. James, from Military Road to Austin. Jane, from Erie to Coit Slip. Jefferson, from Mill to Ferry.
Jefferson Alley, from Jefferson street, east, be- tween Genesee and Carlton streets.
Jerry, from Rase to East.
Jersey, from Rogers to Lake Erie. John, from Seneca street, south, between Main and Pearl.
Johnson, from Batavia to North. Jobnson Place, from Delaware to Carolina Joy, from Water to Erio Basin. Kaene, from Genesee to Sycamore. Katharine, from Elk to Indian Res Line. Kentucky, from Mackinaw to St Clair. Ketchum, from Carlton to High.
Kinney, from Seneca to Swan. Koon's Alley, from Ellicott to Oak.
Krettner, from Batavia to Howard. Lacy, from St Clair to Buffalo Creek.
La Fayette, from Main to Washington. Lake, from River to Erie Basin. Landon, from Jefferson to Walden. Lathrop, from Batavia to Genesce. Laurel, from Linden to Jefferson. Le Couteulz, from Canal to Water. Lemon, from Cherry to North.
Le Roy Avenue, from Main to Ellicott Turn- pike.
Lewis, from Military Road to Austin.
Liberty, from Main & H. St. Caual to Buffalo Creek.
Linden, from Riley street, north.
Linwood Avenue, from North to Delavan ave.
Lloyd, from Main to Buffalo Creek.
Lock, from Terrace to Erie.
Locust, from Cherry to North.
Long Wharf, from foot of Commercial street to Evans Ship Canal.
Lord, from Howard to Little Buffalo Creek. Louisiana, from Seneca to Buffalo Oreek.
Lovejoy, from Emslie to east line of city. Lutheran, from William to Batavia.
Mackinaw, from Ohio to Indian Res. Line. McPherson, from Bird to Amherst.
Madison, from Eagle to Brown. Maiden Lane, from Erie Canal to Water. Main, from Buffalo Creek to north line of city. Main and Hamburgh Street Canal, from Malo to Hamburgh. Maple, from Cherry to North. Mariner, from Virginia to North. Mark, from William to Gay.
Marvin, from Elk to Perry.
Mary, from Mississippi to Indiana. Maryland, from State Res. Line to Lake Erie.
Mason from Breckenridge to Auburn ave.
Massachusetts, from Sixth to Ferry.
Mathewa, from Mortimer to Jefferson. Meach, from Virginia to Allen.
Mechanic, from Terrace to Erie Canal. Miami, from Obio to Hamburgb.
Michigan, from Buffalo Creek to jonction wich Main street.
Military Road, from Amherst to north line of city.
Mill. froro Alabama to Indian Res. Line. Miller's Alley, from Milnor street, east. Milnor, from William to Batavia.
Mineral Spring, from Seneca to cast line of city.
Mississippi, from M. & H. St. Canal te Buffalo Creok.
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COMMERCIAL ADVERTISER MIRROTORY.
Mohawk, from Ellicott to jano'n with Hospital. Monroe, from Eagle to Brown. Montgomery, from Howard to Eagle. Moore, from Elk to Obio. Morgan, from West Eagle to Chippewa. Morgan, from Virginia to south line of lot 35. Mortimer, from William to Gebesea Mulberry, from Cherry to North. Mulligan, from Pennsylvania to Hudson. Niagara, from Main to north line of city. Niagara Square, at junction of Court, Dola- ware, Genesee and Niagara. Niagara Slip, from Erie Canal to Erie Basin. Nichole Alley, from Seneca, below Center, half way to Swan.
Ninth, from Huron to junction with Niagara. Norris Place, from Cottage to Wadsworth. North, from York to Jefferson. North, from Johnson to Hermen.
Northampton, from Main to Jefferson.
North Adams, from Albany to within 200 feet of Breckenridge.
Worth Canal, from junction with Swan to In- dian Res. Line.
North Division, from Maiu to Indian Res. Line.
North Jefferson, from Albany to north line of Ferry lot.
North Ogden, from William to Batavia.
North Railroad Avenue, from Emslie to How- ard.
North Washington, from Albany to Scajaqua- da Creek.
North William, from Virginia to North.
Norton, from Peacock to Water. Oak, from Swan to High.
Oak, from North to Best.
Ohio. from Main to Buffalo Creek at the Toll Bridge.
Ohio Baxin, between Mackinaw, Ohio, Louisi- ana and Wabash streets.
Ohio Slip, from M. & H. St. Canal to Ohio Basin.
O'Neil. from Niagara to State Res. Line.
Ontario, from Niagara to Military Road. Ontario, from Seneca to South Canal. Orange, from Cherry to North.
Otis. from Bouck ave. to Delavan ave.
Otsego, from Main to Jefferson.
Ottawa, from Louisiana to Hamburgh. Otto, from Hayward to Alabama. Page, from Bird to Race. Palmer, from Georgia to Hudson.
Parish, from Tonawanda to Niagara River. Park, fron Virginia to Northi.
Park Place. from Delaware to junction with Johnson Place. Peach, from Oberry to North. Peacock, from Evans to Erie. Pearl, from Krie Canal to Tupper. Pearl, from Virginia to North. Peckham. from Jefferson to Smith.
Pennsylvanin, from North to Lake Erie. Perry, from Main to Dole. Peter. from Amherst to North line of lot 250. Peterson, from Walden street, east.
Peugeot. from White's Corners Plank Road to Buffalo & State Line Railroad.
Pine, from Swan to Sycamore. Pink, from Lord to Montgomery.
Pooley Place, from De Witt to emnt line of let 154.
Porter, from Heacock to Indian Res. Lino.
Porter, from Ferry to Bouck ave.
Potter, from William to Batavia.
Potter's Corners Plank Road, from Abbott to east line of city.
Pratt, from Eagle to Genesee.
Preston, from Ferry to north line of Ferry Int. Prime, from Main to Commercial.
Prospect, from North to junction with Main. Puffer, from Main to Walden.
Quav, from Main to Washington.
Race, from Grove street, west. Randall, from Hamilton to William.
Raze, from Howard to Eagle.
Red Jacket, from Seneca to Elk.
Reservation, from Amberat to north line of lot 252.
Rhode Island, from Rogers te Sixth.
Rich, from Batavia street north.
Riley, from Main te Jefferson.
River, from Erie to Geneseo.
Rock, from Gonesce to Hospital.
Rogers, from North to Forry.
Rous, from William to Batavia.
Root, from Fifth to Erie Canal Rose, from Virginia to North. Sandusky, from Louisiana to Smith.
Scajaquada, from Ferry to Scajaquada Creek.
School, from Niagara to Albany.
Scott, from Main to Chicago.
Scott, from Alabama to Indian Res. Line.
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Seneca, East, from Main to east line of city! Seneca, West, from Main to Terrace.
Seventh, from Court to juoctiou with Sixth.
i Sherman, from Howard to North.
Sherwood, from Hampshire to Arkansas.
Shumway, from William to Batavia.
Sidway, from Elk to Indian Rea. Line.
Six: b, from Court to junction with Niagara.
Skillen, from O'Neil to south line of Allen farm.
Sloan, from Church to Erie Canal.
Sloan, from Niagara to Erie Canal.
Smith, from Batavia to Buffalo Creek. Sophia, from Fletcher to south line of city.
S uth, from Hamburgh to Buffalo Creek.
South, from Tonawanda to Niagara River.
South Canal, from Hagerman to Indinu Hes. Line.
South Division, frow Main to Little Buffalo Creek.
South Ogden, from Mineral Spring to William. South Railroad Avenue, from Emslie to How. ard.
Spring, from Seneca to Cherry.
Spruce, from Batavia to Cherry.
Staats, from Mohawk to Court.
Stanton, from William to Batavia.
State, from Canal to Water.
Steele, from Main to junction with Ellicott Turnpike.
Stevens, from Mechanic to Canal Slip. St. Clair, from South to Ohio. St. Paul, from Main to Oak.
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COMMERCIAL ADVERTISER DIRECTORY.
Sugar, from Williamsville Road to east line of city. Summer, from Delaware to Rogers. Sutton Lane, from Main to south line of lot 66.
Swan, East, from Main to junction with Sen- eca.
Swan, West, from Main to Terrace. Sycamore, from Oak to Adams. Tecumseh, from Louisiana to Hamburgb. Tennessee, from South to Mackinaw.
Tenth, from Carolina to junction with Niagara. Terrace, from Main to Court street and State Res. Line.
Thirteenth, from Pennsylvania to Albany. Thompson, from Parish to Austin.
Tifft, from Hamburgh Turnpike to White's Corners Plank Road.
Tonawanda, from juuction with Niagara street, at Scajaquada Creek, to north line of city. Tousey, from Batavia to Sycamore.
Town Line Road, from Eley Road to Dela- ware.
Townsend, from Erie Canal to Lake Erie. Tracy, from Delaware to Carolina. Triangle, from Abbott to White's Cor's Road. Tupper, East, from Main to Michigan. Tupper, West, from Main to Virginia. Twelfth, from Virginia to Albany. Union, from Eagle to William.
Utica, from Jefferson to Massachusetts. Vandalia, from South to Mackinaw. Van Rensselaer, from Seneca to Elk. Vary, from Spring to Jefferson. Vermont, from Rogers to Fourth. Vincennes, from Mackinaw to South. Vine, from Oak to Michigan. Virginia, from Jefferson to Erie Canal. Wabash, from Mackinaw to Ohio. Wadsworth, from Allen to Pennsylvania. Wadsworth Place, from College to Wadsworth. Walden, from Batavia to Le Roy ave. Walnut, from Eagle to Genesee. Warren, from Chicago to Ohio Slip. Warren, from Smith to Indian Res. Line. Washington, from High to Buffalo Creek. Water, from Commercial to Erie. Watson, from Eagle to Batavia. Watts, from Tonawanda to Winans. Weaver, from Goodell to Virginia. Weies, from Clinton to Dingeus. West Bennett, from Clinton to William.
West Market, from Elk to M. & H. St. Canal. White's Corners Road, from Seneca street, at Toll Bridge, to south line of city. William, from Michigan to east line of city. Williamsville Road, from Seneca to North. Winans, from Amherst to Bolton. York, from Rogers to Niagara River.
·
STATEMENT
OF THE
Trade and Commerce of Buffalo,
For the Year 1859.
8
'STATEMENT
OF THE
TRADE AND COMMERCE OF BUFFALO
FOR 1859.
INTRODUCTORY.
The close of another year again brings with it our work of a retrospective examination into the business affairs of our city. As compared with 1858, we have made one or two valoa- ble additions, not the least among which is a more accurate report of the live stock trade, ac- companying which are elaborate tables show- ing the source of supply, &c., &c. We are also enabled to present a comprehensive statement monthly and otherwise, indicating the receipts of flour, grain, lumber, live stock and wool, by lake, from different States and Canada ; in the compilation of all which we have bestowed the utmost care and attention. Our table of lake imports has been augmented by a large number of items which until now have been classed as "sundries." We also present a carefully pre- pared statement of the number, cost and loca- of buildings erected daring the year, which is not without interest. In view of these facts, and ser- eral others equally important, which might ap- propriately be mentioned, we do not hesitate to say that the report is, in all respects, as perfect as any hitherto published. In form and method this work will not differ materially from others which have preceded it. Experience has taught us that the arrangement of the tables-the sys- tem adopted in putting the material together- is the most comprehensive, and however much we may admire variety in this respect, we have no disposition to disarrange a plan which has, for the past three years, met with such signal favor.
CITY MATTERS.
The mortality of a city, it will be conceded, is of the first importance, and in this connec- tion we may say, without fear of contra- diction, that the general health of Buffalo will bear favorable comparison with any other town of an equal number of inhabitants in the Union. This result is due to her elevated position and the liberal appropriations made in years past with a view to thorough sewerage and general cleanliness, together with equally important reasons, which we will not bere enumerate .-- The mortality of the city for the years indicat- ed below, was as follows :
Mortality each year.
Per cent. of whole.
1854.
.3.326
19 65
1855.
.1,850
15.64
1856.
.1,802
15,23
1857
.2,276
19.23
1859
.1,849
15 64
1859
.1,752
14 63
Total.
.11,835
100.00
The average mortality for the five years clos- ing on the Ist of January, 1859, is shown by the above to have been 2,020 3-5, an increase of 558 3-5 as compared with last year. Assuming the population of the city to be 100,000, the mortality last year was within a fraction of one in every 58 of the inhabitants.
The valuation of real and personal property within the limits of the city for 1859, as com- pared with 1858, shows a falling off of $1,702,- 335 in the former item, and $580,640 in that of the latter, being a decrease, in the aggregate, of $2.282,975.
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COMMERCIAL ADVERTISER DIRECTORY.
ABBESBORS' VALUATION OF TAXABLE PROPERTY IN THE CITY OF BUFFALO, 1859.
Real.
Personal.
Total.
First Ward.
$1,92 4,315
47,450
$3,975,765
Fecond Ward.
3.225,575
1,073,070
4,29415
Third Ward ..
1,010,665
5,000
1.015.665
Fourth Ward.
1,9 0,620
65,500
1,976,120
Fifth Ward
1,514,250
19,'00
1,533,650
Sixth Ward
874,265
11,000
885,265
Seventh Ward.
1,445,580
23,000
1,467,540
Eighth Ward.
3,160.810
2,193.0 0
5,353.510
Ninth Ward.
3,768,600
1,590 160
5 298,750
Tenth Ward
2,734.400
257,800
2.992,200
Eleven'h Ward
1.972,405
193,700
2,166,105
Twelfth Ward
1,2%0,810
66.000
1.296,810
Thirteenth Ward
..
957,880
11,000
969.880
$27,743,945
$5.485,080
$33,229,025
1858
20,464,280
6,065,720
$6,512,000
1867.
29,957,291
8.129.770
57,487,061
1856
28.128.040
7.560,436
85 489,476
1855
27.323,919
5.713,792
33.037,711
1854
25,949,391
4,024,118
29,973,509
Estimating the market value of real and per- sonal property in 1859 at 25 per cent. more than the amount assessed for, which any one will readily concede is reasonable, we have an aggregate value of $41,536,281. Ir connection with the above we also present a statement of the amount of annual tax and the annual expendi- tures since 1853, including the amount paid for the construction of market buildings in 1857 and 1858. Of the expenditures in 1857, $28,- 000 was obtained by issuing city bonds:
Amount general fund tax.
Annual ex- penditures.
1954.
$322.155 00
$313,600 68
1856.
876,800 00
817.884 43
1856.
$10,900 00
336.791 2J
1×57
₩97,825 00
456,007 47
1858.
293.777 25
375,411 18
255,8.9 90
The expenditures for 1859, it will be seen, are not given, as the Comptroller's Annual Report is not issued until after the first of July of each year. This is to be regretted, inasmuch as we are unable to present many items of great interest. We are pleased to observe in this connection, that the Mayor in his inaugural message, recommended that it be presented earlier in the year.
The amount of funded debt as it existed on the 1st of January, since 1853, is as follows :
1854.
2005,568 00
1855
67,663 00
1456.
576,/63 09
1857.
580,751 00
1858
612,145 76
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1959
585,600 00
1800.
079,000 00
Below will be found the appropriations for a series of years. The first table exhibits the ap- propriations, including the school moneys, and the balances provided for the payment of prin- cipal and interest ; the second table is similar to the first, excepting that it excludes the afore- said balances ; the third excludes both the bal- ance and the school money.
Ist.
2d.
Sd.
1854
$'32,155 00
$122,155 00
$322.166 00
1855.
370,480 00
349,480 00
334.480 00
1856.
419,063 00
578.642 36
360 642 37
1:57.
442,663 00
391.998 84
367.698 84
1868
449 6337 25
395.927 25
361,927 25
18:9
387,466 90
345,3;9 9)
312,479 99
The Street Commissioner, singularly enough, has no data by which he can inform us of the number of miles of located streets, paved do., sewers, sidewalks, crosswalks, or any other items likely to be of interest to the public.
The Fire Department was probably never in a more excellent condition than at present. The promptness with which our firemen respond to every call of duty, is a subject of public com- ment. There is now in the Department one Steam Fire Engine, eleven engines, five hose cars, two hook and ladder carts, worked by about seven hundred men. The following shows the expenses of the Department since 1853 :
Expenditures.
Appropriations.
1854.
$21,493 66
$25,000
1855
15,898 78
16.001
1856.
16.168 61
17,600
1857
18.836 59
18,600
1858.
15,373 50
15,560
1859
15,125
The sum of twenty-six hundred and fifty dol- lars was paid from the estimates of 1859, for the hose purchased in 1858. The actual expense for 1859, for the current year, will not exceed $11,250.
We refer to the Schools of our city with feel- ings of just pride and pleasure. Under the workings of the broad and munificent busis up- on which they are established, the humblest children of every nation are alike entitled to all the privileges and benefits derivable from a substantial common school education. We see daily evidences of the wisdom which originated and perfected a system which in its turn entails blessings upon thousands, and which are not to be measured by the mere standard of dollars and cents. Mr. WARREN, ex-Superintendent, furnishes us with the following statement of the expenditures and average attendance for a mo- ries of years :
Average No.
Expenditures.
Scholars taught.
1854
$09,143 71
6,672
1856
81.239 84
7.309
1856
85,783 64
6.916
1857
102,101 86
7.44
1858.
109.778 17
6,986
1859
82,732 99
6,409
The total amount paid for salaries of teachers outside of the Central School, in 1859, was $71,- 548 53-an average of about $386 74 to each instructor, the number of teachers employed being 185. The average attendance of pupils last year was 6,409, an increase of 144 compar-
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COMMERCIAL ADVERTISER DIRECTORY. .
ed with 1858. The total valuation of school property is set down at $289,300.
Opinione have been frequently advanced within the last year or so, to the effect that the population of the city was on a rapid deoline. The assertion, in view of the above significant figures, appears to have been entirely ground- less. Aside from a thorough census, no better evidences of an increase or decrease in the pop- ulation of a city like ours is to be found than by carefully noting the average attendance at the public schools. It will be admitted by all familiar with the subject, that the great bulk of the population in cities is largely made up of mechanics and laborers, who, with comparative- ly few exceptions, can ill afford to pay liberally for the education of their children, especially when the same can be obtained without money and without price. Here we have, as before remarked, an increase of 144 in the average at- tendance at our public schools over that of 1858, a fact abundantly sufficient to disprove all as- sertions to the effect that the population of Buf- falo is constantly diminishing.
BANKS AND BANKING.
It cannot be denied that the Banking facili- ties of Buffalo are at times disproportionate to the aggregate of business presenting itself .- Especially is this true during the busy portion of the summer season. At such times, probably no other city in the Union is more in need of a banking house possessing at least twice the amount of capital of even the largest of those now located here. The want of it is a serions drawback to all classes of business men, but more especially to those whose paper is not of that order termed "gilt-edge ;" and in this respect our banks fail to be of that benefit to a large portion of our citizens, with whose success the business and prosperity of our city is intimately associated and identified.
Locally, the money market at the opening of last year, was such as to excite but little com- ment, the supply and demand being about even- ly balanced, with, perhaps, a slight tendency in favor of cash means. There was, apparently, a concerted movement on the part of business men throughout the month of February, to avoid eredit as well as liabilities, which resulted in the disappearance of a class of paper that bad been comparatively plenty during the previous month. The February dividends declared by banks, railroad corporations, insurance compa-
nies, &c., were of a respectable character, and eventually went far to restore a marked degree of confidence.
The month of March was characterised by nothing unusual. The demand for funds was not active, Bor was there anything more than an ordinary supply of money offering.
In the early part of April every preliminary arrangement for the accommodation of commer- cial and mercantile interests were, for the season, brought to a good degree of perfection, and probably at no corresponding period in the com- mercial history of Buffalo was such an array of facilities presented for the economical transpor- tation of property, and its expeditious move- ment. This state of affairs was brought about from the fact that the ruling prices for bread- stuffs during the previous month secured the liberation of considerable amounts of grain held in store during the winter under advances made by our banks. The retiring of this paper was not made good by new offerings, conse- quently an accumulation of unemployed capital in most of the banks themselves was an una- voidable consequence under the then existing movement of trade. Before the close of the month, however, the season having arrived when all regular mercantile customers apply for their usual accommodation on short paper, transac- tions in money matters at our several banking houses were gradualty increasing. Considera- ble stringency. nevertheless, existed on paper other than A. No. 1, the past experience of bank- ers having been such as to disturb their conf- dence in the soundness of their customers.
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