New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-12-10

the foreign news being considered favorable, but the
improvement lost and prices closed about the
same a. yesterday Treasury Notes sold ct 9li, snd
Goyerum ut 6, ls62, st 90.
Sterling continues firm, but the business in small
The market ia firm at lot 8lo; for drstclass bills
Francs IS. II is thought that the news will have ia
vorable effect upon the Exchange market
Shipmasters have advanced their demands Since
the Steamers news was received They nov ask Is Cd
for Flour Sd for Grain and I'd for Cotton to Liverpool
but hear Of engagements establishing the adj
vance asked Some heavy freight wss taken At s0'.
The general impression in Wallst is that the
foreign sdvces are favorable although to the
tent Of causing any immediate relief here The letters
however which will arrive to night will furnish more
reliable data for opinion ihsn the telegraph report
Tho feeling suong monoyed mems that the extreme
pressure in London /. over and that affairs will now
steadily improve. The riss In Con'ols indicates tina.
this is also TIE o9lnlen in London.
The only effect Of the here has been improve
rneut Of or 3 ceuls per 0ushel 10 Indian Corn The
Flour and Cotton markets remain unchanged There Is
no margin for rise unless higher prices obtain Ia Crest
Brlisa.
The loss of the Stephen Whitney created deep
sensation 10 Walit The loss Of fs truly sppsl.ng
Ne learn that hs amount Insured IS $4,000 tbsshp
$4,000 on the cargo and $4,000 on the freigh, The
folio xns risks taken Ia four OF the Wsst Offices
Atlantic $50 0oO General Mutual $4,000 sun 81 900,
" w.York So OoO-io,al $4,000 We could no. learn
where ths remaiuder was Insured The sun Office had
reiasured 5000, reducing their loss to $4,000.
Five Dollar Notes, purporting to be on the Ran
dolph Bank. Mass bu, altered from some broken Bsns
are Ia circulation. They are engraved by Daniortb
Underwood & Co. ylsnelte woman holding m 10.
fsnt with men respog IN the distance under the word
Massachusetts 10 locomotive and train OF cars the sig
natures Turner Cashier X. Turner. President
Tue genuine So are OF very different plate, engraved
BY the New.Eugsnd Bank Note Co.
The election of Directors Of the New-York end
Bos,on Railroad via M5dleiown Is to b. held sthe las,
named plsce1 on the 10Th inst. The Journal Of Com
nuce says that the subscriptions for the stock exceed
the required By tue charter A. preparatory 10
TO the organization Of the Company GouOC0) by ssEo
raj thousand dollars
Bank Bill has been introduced in the Assem-
big By Mr. McEsnars OF which tbs following ia brief
synopsis Tho Bill was referred to the Committee on
Banks aud reported back by them without expression Of
opinion sud then referred 10 Committee Of the
Whole on the ssfeiy Find Bank BIZ:
SECTION t. Any number Of citizens no. less than FIVE
OF whom majority shall reside IN the proposed lcce
ton uisy foifn Incorporated Safety Fund Bsnk.
50 A declaration OF such intention 10 be fled with
tho Secretary Of state and notice thereof . DO puo'
lshed Tor three months Ia osper In the CoHoiy
g. Banks formed 20 be subject TO the law. now
IN forcs t. rsgsars the business OF Banking
81 No new Bsnk 10 bs formed 10 NsNYOrk County
with les, capital than s. 100000, nor in Kings, Alba
ny Oswsso. Oneida. Monroe Erie or Rensselaer, with
less than 100000 or In any other County with less than
$4,000
j. Before commencing business under this bill each
Bank il to examined by the Controller or by an IN
interested agent appointed by him. who snail make af
davit that me capital has been paid 10 In money aud 10
then in ghe possession Of The Bank.
g. The proportion Of Issues 10 capital Tor safety
fund Banks shall bs prescribed In act OF Nay To- 1897
for sses7 fund Banks then existing but associations
coming under This act with capitals OF 100000 aad not
than t5O0OO0 msy issua circulating notes 10 the
amount Of their respective capitals.
T. No safety fund Bank hereafter formed shall sdOpt
tn of my other existing Bank tn this state or
similar thereto as 10 be likely TO lead to coniu-
sion
81 Provides for any association or individual banker.
under the general law, safety fund Bank, coming uu
der this set Examination % be made a. ~ the Integrity
OF the capital. &c. as ia provided 10 section D.
o. Banks, formed or extended Under tolls act 10 be
Of twenty years duration.
$40 NJ oanklng institutions shall be established con.
tuued or como under thu provisions OF this act which
shall have been established for circulation merely and
which shall not have a regular Office a. tho place VI ia
location for tiscOunts receiving deposits &c. Inc SEC
lion 10 apply any institution heretofore formed under
the YAK act Of April H. 1915 and scts smentssory
thereof
an No circulating notes 10 be issued by any bank
ins institution other than those made redeensble on
their face At Troy Albany or Newfork al par. sucn
par redemption 10 commence March l, l-i5.
s H. Tue real estate held BY Banks shall be In tho
names assumed BY them aud suits by and agaiDs, them
sball also be Ia said names
s - Plate. used by safety fund Banks when they
come under this act, msy sriil be used By them.
a. Bank commencing buslnsss under this act sasii
De post the state Treasury In SPECIE esht per cent
Of m capital which shs constitute the extent Of It's s-
ofy h the safety fund for - years This IL 70 be IN
vested Ia stock Of the United states OF this State r
II not invested shall be slowed ave per cent nter&s
By N. STATE The cspai with ths accumulation 10 con
sitlie iucd 20 project holders u bills issued under
ih. act from loss No Bank even Il Il has closed iIs
business shall be allowed 10 receive back any part Of s
coutr buttons until the expiration Of the 20 years Tor
which IL was chartered AZ the end Of the 20 years hs
Controller shall refund il lie raisbIs proportion, and
credit the due ~ ihOse Tho continue their bust
ness for term Of 20 years toward another conu-
tuition Of eight per cent, then 20 b. eyed All aceunu-
arons Of this fund beyond 100000 10 be divided
nuslly rsissy among the BANKS contributing
IS. This fund. wirn the personal liability OF the stock
holders prescribed BY Art Constitution, are hereby
declared 10 be tbs ample security for ths redemption
Of tne notes &c contemplated oy The new Constitution
10. Elections for directors 10 take place May In
each year and be regulated By Art Chap le, Re-
yssd Statutes Holders of stock 10 irust may vote
thereon but stock shall be voted on winch pledged
70 the institution itself
II Repeats the provision Of the genera banking sv
for the avef cation Of the Affairs Of Banks by the Chan
ceor o. Bank Commissioner and corf=rs the power on
the Controller provided 5y section Of act % aoohsh
tia Office Of Bark Commissioners
lie. No rev Bank 10 commences business except IN
Der the provisions Of this act.
70 Repeals s previous sets ineonsis,sn Nitn ihis
% The scl 10 20 into immediate effect