Gazette Of The United States

ALBANY, June 4.

The president and directors of the Bank of New-York have, in the politest terms, tendered the services of their Bank to the Bank of Albany, offering to receive and exchange our paper without any particular limitation. Hence the immediate advantages and utility of our Bank, must be obvious to every man of the smallest reflection.

The warmest advocates for our Bank, last winter, did not anticipate such a close connection with the Bank of New-York, before ours should be in full operation.

A convenient house for the Bank, and all other matters, being nearly in readiness, it is supposed discounting will commence by the middle of next week.

By letters from New-York, it appears that 1200 shares are subscribed to the northern and western canals—which added to the mighty exertions of the whole northern enterprize, Schenectady included, the aggregate number of shares subscribed amount to 1425—whereas 1000 shares would have been sufficient to have set the whole of both canals in motion; which in their ultimate consequences, will enrich and animate the whole state, and greatly benefit our new Bank.

As the choice of Directors for the Bank will take place on Tuesday the 12th inst. I have to recommend the following gentlemen as Directors for the year ensuing—Stephen V. Rensselaer, Philip Schuyler, Abraham Ten Broeck, John Tayler, Daniel Hale, James Caldwell, Cornelius Glen, John Stevenson, Jeremiah Van Rensselaer, Goldsbrow Banyar, Leonard Gansevoort.

A STOCKHOLDER.