New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1848-02-28

rhe Controller hAs nublI.hed some directi0ns ad


By General Banking Law, laws Of ISls, 40 ~
IL The bank fails refuses 10 redeem ia note. on demand
during banking hours, at The place rhers ~ nse are P.y
be then the holder may such notes TO be
add fling the notice q protest IN hs once ne VI
trolls sq9sd forthwith % eve 59i'ce Z iss s ssT q
DAYS then The Controller IS forthwith 70 give notee 'na
eli the circulating notes Of tho bank WIN Pc Ieossns ~
OF the trust funds 10 bis hands Ihus !. WIN ps -
tina, when the demand s made At the bank the BANK mus
pay then or within days after reosiyDg tns n9es
seek The bin holder 70 the Controllers once Wheis
the are de postsd under protest and pay the same OF
the Controller sives notice that he will redeem H.. -
But the for the redemption Of bank notes avs o.
1910 D. i51 each bank % appoint an agent 10 Albany Of
New YORK redeem its circulating notes and tne nOIoe
is authorized present them A. such agency Tor fseenp
ton and the agent fato redeem them a. one half Of one
pei dscounhsn the bank Is 70 pay stthe T'
OF ~ ger cent If such redemption and payment o. %
tsrs moi made al such agency within twenty days from
ths time when hfst demand made then the con
lroer give the ten days notice 20 the bAn. 20
and n Il fails 70 then he Is to give notice that he vi"
redeem ofthe securitesn his hands Thus requiring
when the demaud made At the agency and not 81 The
bank that demand SHOULD be repeated % the sgency on
the 3oh day eerwad 70 authorize the 10 eet
No proceedings therefore can be held al tnis once on
after the second demand IS made. The only penalty for
noapayment on the st demand AZ the agency - the ia
billy paw AZ n cent But when ts second
demand /, made on the 10th day then the bans : clearly
fault the Controller gives his notice % y to redeem ana
lift does within the 10 days be gives his notice ne viii re-
deem out OF the securities 10 his hands. Every demand
should be made during usual banking houis " non the
demand IL al the sgency the notice OF da sds
eseh da7 on which N made, and the hour and be ac
colnpanisd By affidavit and the notes cemsnSso stat
ing the days which they were demanded &c &c. sne
That The notes sent 10 the Controller are the identical
mo- "a eli were demanded The bank will then have 10
days after notice from the Controller 10 pay theh g. DIS
ofse"
The following abstract from the official reports,
recently made to the Legislature Of Mississippi, gives
view Of the Gnsnces Of that State, which on the whole
may be deemed encouraging During The ras two years
they have materially improved
The Treasury has recovered from its eubausssmenis
a. demands upon II have been paid and there
surplus AZ the close Of the last fiscal year The an
nexed statement exhibits summary OF the icceps ana
eNu u
FINANcEs or MIsslssPrI-ls45 AND l6fL
Taxes for 1915, received 10 l83o.. SOL ,Z78 Y
TsXss for 1916, received IN l8lI. S44O b-o'oooo 90
Dishursed IN SS59, o.o IN
Discussed in l8i7........'''''' Soo< 'o-oLo5-y ~
Excess Of receipts over disbursenents SOS 10 IS
Fvclusye of $50 O2Q p received from miscellaneO
money, and 81 600 in Planters Bank bonds
The Auditors repoTs show warrants issued prior 70 ard
outstanding January '4y ~
Issued In 1910 60, ~
Issued 10 Io<el q
Whole issued 10 January Se5o s9o -
whole amount redeemed from January, 1916 c,,o.o 80
Exhibiting warrants outstanding this day.. 57O36 81
against surp In the Treasury OF e5755 a. OF an ea
cess Of present present Liabilities OF s1o o.
The assessments Of l847 but little Of which has yet been
paid into the Treasury amount 20 SS65 600 IL Is estms
ted that about $3.50 600 viii BE- realized from the asest
ment The expenditures for the present yesr are esti-
mated al - OOO0 The rece pts will therefore, exceed
the expenditures $40 oO0; which added 10 the surplus
now the Treasury will swell the balance 70 S2o7Voo
The Wabash aud Erie Canal receipts in the year
ending SOth November were and the expenditures
By well-conceivsd arrangement between the State Of
Indiana and her creditors, Il is certain that the
tension Of the Wabash and Erie Canal through the state
will be speedily plished system OF prosecuting
the been adopted aud active operations com
nencea, by which the navigation Of the Canal VIII be
rapidly extended southw ard through productive region
to already grest surplus Of the staple productions OF
the fertile valley Of the Wabash river Great then, as has
been the cost The Wsbash and Erie Csnaln Ohio there
every to believe that the time is not far distant
whe thai canal will than pay the annual interest
upon the SUN invested IN it, construction"
The Boston I'raUeler says Several large
contracts for delivery Of Rsilrosd Iron have recently
been made with agents Of Welsh manufactures at s'5
per ton, delivered here and S52de52 5OIooth. The
Buffalo and Atlica a. Y obtained what they needed 10
relay their line At S52 and beside the large contract Of
SEQ TONI at SIS for the Boston and Maine 1000 tons
wer- last e gagged by the uiaod Champ'an Rail
road At the same price their existing contract with hor
ace Grsy Co 10 furnish thet quantity and tate large
Of stock having been vacated by pay eht OF
81 900 70 his asssuees The Vermont ana MASSACHUSETTS
have sso cont acts 1000 TONS and the loss Of another
CARO- OF rails the Concord and Montreal viii require
fresh contract supply It's wants with The same GAIN by
loss TO Insurance Companies Agents Of Wesh msnufac-
uer have pot up their eskng pnce 70 @3 but yet no
sales have occurred
The capital stock OF the Naugatuck Valley Rail
road which designed 10 extend from Waterbury, Conn
down the valley Of the Naugsuck to he NewYork and
New-Haven Railroad said 10 be ell taken, andahe Com
pany mas organized At the meeting OF the citizens
OF BRIDGEPORT Friday lss 10 voted, without much
opposition 20 accept the proposition oi Alfred Bishop
asking an exchange Of the Houssonic Railroad stock he
hy that 0ou AZ $40 share OF cuO for Nauga
tuck stock at par. The price o. which. the HOusatoni
stock is now selling IN the market IL 81 on ~ per saI
NJ B,hoo is contractor Tor Naugatuck road Says the
bridgeport Farmcr" 10 Is object OF great impotsno
d the business portion OF this city to have the road CONT
this way sud 10 here the sum Of slNOt IL re
quired. The Old stock be made available Tor Sood
leaving balance Of $4,000, TO be Obtained IN some oshe
way To raise this trust ways and means VIII IN de
tine be devised. meeting 70 consider the subject is q
he held one evening this week