New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1842-11-26
The Exchau.es,


sand men, acting in independence and perhaps il
ignorance Of each others movements and wants.
could transfer the same amount in Thousand une-
quail sums, will add ucs few more facts of GEL
cral notoreiy:
l. While the U. S. Bank in operation, q
at least for several years before its Close the
of any Branch were kept at not more than 4 per
cent discount In the neighborhood of all other
Branches. Thus man at St. Louis who had .
sum to pay in New-York or Boston need only eX
change his money for the issues of the Branch ~
ST. Louis or any other Branch, and these would
when RENTED here, be worth their face in Specie
less 25 cents on each $l00. Finally, the notes 81
each Branch were made receivable az all Branches
and thus this slight discrepancy disappeared.
He who had PAR funds in Missouri need only to
procure with them notes of the U. S. Bank OF any
Of its Branches, and these would pay the value eA-
pressed on their face in any part of the Union,--
Thus We received payment for newspapers from
sections which now take none of US simply BECAUSE
they have no remittble money which will be money
to US;
2. When the Government Deposites were
moved from the Z. S. Bank and Branches to Sts'e
Banks, the discount IN Nep- York on The notes II
some if not all Of these ve1y State Banks tmaae-
diateiy increased. We rccollect especially thu,
the notes of the Planters Bank and Agriculture
Bank at Natchez, Miss. were thus deprecated il:
value here by the very act which filled their vauli
with CON- and this long before any doubt existed
of their impresnable soivency.
8. The Post thinks the cost of Exchanges % mus
be paid by somebody."-lt is hard that we canno,
bring our opponents even to see our position OH
this subject, when we take all possible pains TO
write nelligibly We maintain that there need
be no cost, or next TO none, in the premises.
While a thousand different men or firms in Mis-
souri, have money to pay in tho Atlantic cities,
and as many here have money collect in the
West and to pay in the West with no common
channel or focus, there must be expense in efiecrs
all these separate, unconnccted. perhaps conflicting
operations But one capitalist firm,
Bank, could richly afford to make all the transfers
of funds required in the United States for one
fourth OF one per cent, and Bank Of issue, with
its rates every where receivable for public dues,
could we'll afford t. do it for nothing. We believe
a we'll constructed we'll managed National Bank
could effect an immense saving in the mere cost .!
Transporting specie, which is now unavoidabS
incurred, by vastly reducing the amount OF SUCH
Transportation. One man sends $1,000 from 81.
Louis to Philadelp hia in specie day and another
sends 81 900 from New-York to ST. Louis 70
morrow. and third $1,000 from Philadelphia. 10
ST., Loui. the next day; and the three operations,
which together just balance each other, shall Cost
,bo.. who make them considerable sum, while
,h.v would cost National BaRk with Branches
lust nothing at all, but would benefit 1t by the
amount of interest on the tree several sums whi.s
in state of transition. We have no doubt a Ne
,;oral Bank would readily undertake to transfer
specie funds from any commercial point In the
Union to any other for one half per cent aud would
do i, with profit in most cases for nolhing-a rea
senable time being allowed for the transfer.
To- The Albany Argus publishes several nicely
cued extracts from our columns prior 10 the hlec-
,ien, showing that we hoped and looked for bet.
ter result in several Counties than has been ot-
,ained. On the strength of these, the writer meauly
insiuua,es charges of wholesale fabrications,
"wiliuly attempting TO mislead People, &c
agains, US. The Argus knows better than this. We
gave Jus, such advices as wo had from these Coun-
ties. inducing us 10 believe that the Wings were al
length aroused, and would come out and triumph.
The returns prove that our informants were misla-
ken-much 70 our regret and disappointment. We
feared the State was lost, but we did think Cayu-
ga Onondaga, Rensselaer, and the Saratoga Dis.
trict would elect Wings to Congress. That they
did not, is not the fault of the gallant Wings who
proved their faith by their works, but their msfor
tune We dare the Argus, which so prates of our
attempts to mislead the People, and asks tha,
they be remembered, to republish Us o@n estimate
IN 1910 OF the prospective vote Of each State for
President. with the actual result in parallel col
cmns. We viii chee,fully pay FOR the space it oc.
cupies, if fairly presented.
~ EVACUATION DAY--or the ffy-pin,h AVN;
versary OF the evacuation of New.York by th
British troops after the Fertilization of Paris and
the reluctant recognition by Great Britain of orr
Country's Independence--was appropriately hon.
ored Yesterday. The Military parade was very
large and imposing the Stars and Stripes were
Displayed from our principal public and other
buildings and the evening was honored BY the
usual demonstrations. The day was very hne, ans
It's festivities enjoyed by large aunbers of citizens.
" Hon JOHN MCKINLEY, one osthe justices
OF the U. S. Supreme Court, has been stricken
with paralysis and lies dangerously III at his re-
dence, Florence, Ala. He is not expected 10 re-
cover. he was one OF the last Judges appointed
by Gen. Jackson and very unfit for the station. e.