New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-03-11
,o.ryRcIAL AND MONEY MATTERS.

|
WEDNESDAY ?. NJ.
-. s.oct Market continues to be heavy, and the
-. - a. exception Of Morris, lower. II
siasspipsyng socks there IL not much doing.
y, rsts. re trIa
pai. remain without ohsnse. Sterling are
=. -, .,o8 Mia. Franss 5.i9s and dull.
r,.;rb., are declining, and We hear Of no en-.
.,sess 70 day SHIP owners are not yet prepared
-, he views Of shippers. To Liverpool the mar
!, .n,, b quoted over 7s. 25d and rs. To Hayre
-, IA ben sken at 81 IS and Cotton at u cts.
y,,,ck has yet been received from Washing.
,,surn fer certificates for Treasury Notes deposit
5,s ~ Sab Treasurer. This delay Of twenty days
| ssrs;soaa
n, nbxing is the new bill TO amend the Free
.,,,s ,et which passed the Senate On the 4th inst;
s,.,,..i The first section Of the act entitled An
!. sr,srd the oct entitled an act TO authorize the
80 "a p,rkipgs passed lath May 1910 10 hereby
-.1s ~ :, 70 resd as follows Whenever any per.
:. :, s,oeson Of persons. formed for the purpose of
siI,, unjsr he provisions OF this act shall lawfully
80, "a hs Controller any portion OF the public
~. sey ,hs State OF Of the United States such
~ :, ,s,os,non shall be entitled 10 receive an equal
80, a circulating noies Of different denominations
a.,sred and eoasersiened AZ Aforesaid but such pub
y ,oet SbA IN seases be or De made equal to stock
4 a. State producing five psr cent per annum, and IL
|npbe lawful for the Controller 10 take such stock
!. ne above its par value nor above its current mar
a., Individual banks or associations under this act
~ ubtci 10 taxation on the full amount Of securi
"a. "a ssp paid In secured to be paid, which in
!, ss % b less than the amount transferred to and
~ b he Controller security for the redemption of
-, shout any reduction for the debts Of any such
-srssd banker association
irc g. his set shall take effect Immediately.
n. N VA referred in the House to the COMMITTEES
. s.,h sri Insurance Companies. The section of
IA AZ tsylrs Banks both their circulation and CAPT
!. n one d the most unjust attempts TO Cypress the
,us ia. we have noticed for long time. 1t Is in fact
ps he Banks on what they owe as well as on their
a.u Under this law tho Chemical Bank unust pay
,xo ou n, ,sva Of $500 900 and lie circulation Of
|lsi tsrs making capital Employed in banking pay
I,ube tsxts ihas making distinctions not recognized
| oar Democratic inhmiions. Such law as this can,
n blink. scarcely pass the House.
| wshsv received communication, rather OF in
by than Of censure In relation to the Farmers Loan
a Trvsi Company. We are not abls TO answer all its
lss bat we believe that at the time MIR. Cornell
become the President Of this institution the as
vus deemed by bin. to be worth from As 10 so cts
" be ssnsr after paying all liabilities This estimate
'ss rae sversl years since. The Company have re-
xTk zuch larger amount OF interest than they have
;xi-Asy hare collected and received many debts
ra we're considered bad-their real estate has great
improved In value and IT Ia said that they have pur
lived lsre amount of their bonds at the current
Nnaa which they formerly sold in Wsll'st. On the
shg band the Company have had to contend with nu-
nscss avsui,s and with delays and disappointments
sd3snt thereto. These quits are now mostly brought
close and there il no good reason why the capital
houh no, be reduced one half and regular dividend
made every nx months We know that more than one
hundred lots Ia THE city estimated by Mr. Cornell at $500
each are worth and will bring any day from $4,000
u 5000 each. The present President of the Company
D williamson Esq formerly Controller of the city, ia
vel Known most faithful and energetic officer, and
he Directors generally are men OF the highest standing
sul We are told by our correspondent that some OF
sss saueen indulge little In -PecuiAtons in their
csr rockpurposely endeavoring to depress 1t In or
.s' AaAy may purchase very low. and at other times
fsrsulag different policy. We have no knowledge Of
! ths usnss.
Counterfeit quarter eagles are in circulation at
S'sion. They are executed w very clumsy manner,
I'd can be readily detected by their light weight.
NJ John ~ Hopkins. for many years the gene
eookkeper at the Mechanics Bank has been elect
sstersssJ of the Hudson River Railroad Co.
Sosios City IS ars worth 90 The 100000 SIX
u ''a, Loan has been taken at par in small lots
AFoposition is pending before the Pennsylva
sAbsss;ure, siving the Executive authority to Dor
rsk0no. 10 meet the semi. annual interest due in
.ssx r,xt should it be necessary. The ledger
su.
~ PtAle Works which are to be opened this Gay,
T sx weeks earlier than last year, will give TO the
ssu'y for the months of March and April, even
H-e amount of business as lsst gear, some S2oOOoO
@'s q tleS000 the receipts for those months last
A. wisn the more important links were rendered In
s.ast BY the freshet Here Is an increase OF Sl55-
~ANo months and which the greatly increased BUS
ss every department OF trade this year is likely to
NJ o $4,000 The Canal and Railroad tolls last
Ssa we're $4,000 in April $4,000, In May when the
NV, .sn mtneA Division had not been fully restored,
e-S'SN sna "a June when all the improvements were
suv ersrroa $4,000. There 10 little reason 10
s9s ~ 10 ihree months and halt OF this year to
-e.s ~ will monthly. equal the receipts for the
Ssa 81 lsne last year should serious accident oc
N'Ntta he early gradual wasting OF the snow from
nos,aas gives much cause 20 hope, Should these,
Aaepssaas be realized the $4,000 or 100000 ex-
rs,.ah repairing the damage by the Spring treshet
- e sved and added to the other revenues OF the
s-< I'D with the increase of taxes which has been
~ md which it Is conceded. will reach the rressu'
2esas 70 be available for the August interest rem
~s'sansylvsnis credi, better than II has been for
~, -, sad leaves scarcely doubt OF full and prompt
r''sa'o interest for al time TO come.
: onpsrison Of receipts upon the Old Colony
-'Ao nom Dec to Feb 81, gives total of seo,sel
- seS sH-as In ls4s-e On the Fitchburs and
f0aa B'aaeh Railroads the gain in February over
:. ''en Of last year was over one.third.
-, 30 1aeAed table exhibits the gross receipts OF
~-Osaas Railroads leading from Boston, in four
ners,x Ia, ,a,] ,e.S ,sa6
.ase1 Wor assS ak1 saSa "A, S4s3 asS AKA I'D