New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-11-13
SECOND BOARD.
Tuesday. NoY. l2-P.M.

TUESDAY, Nov. l2-P.M
10 Stocks the market has experienced little
seaetion, excepting in Reading, which has ad-
vanced to TO- The other Stocks were generally |
little easier The sales of Reading reached 1000 |
shares advancing from 68l to TO- The operators
have great confidence in d further advance OF this
stock Harlem fell off to Co. Farmers to 523, Erie
79 Canton so, Morris 224, &c. &c all under the
natura! reaction Of the late considerable advance.
Az the Second Board there was better feeling,
aad some stocks improved slightly. Governments
were in fair request at about previous prices
In Exchanges the market closed heavy for the
Steamer, with considerable supply OF Bills over
The quotations from the South come lower, and
the tendency of rates is downward. Sterling is
lo0l03 for first class bills. Francs arc heavy at
5.I7l05I61. Amsterdam 81 O4l4 Bremen 600
ao} Hamburg 36@364.
The Freight market IS rather easier, with
moderate business. The engagements are 10000
bushels Wheat at 41d, 6,0oo@a,ooo bbls -Four at
la 4da Is AID Cotton 3-l6d; 1000 bbls Oil Cake
10 London at Is Cd 1000 bbls Turpcntine at g.
In Money there is no change OF Importance
The demand is rather better, but is readily met.
The amount of coin which has been cent South
is million and half, and about half million
more will probably go unless the rates oil Elk
change prevent it. The Banks OF New Orleans
have a much less amount of specie than usual
The receipts at the SubTrcasury continue
small To-day they were S79,ol9 payments
s2,5G7 balance, S4,192748
We annex an official statement showing the
returns of the business of the Wabash aud Erie
Canal in Indiana, for the month of October and
ior the year ending LIST Nov inst. showing very
favorable condition of that work
WABASH AND ERIE CANAL, INDIANA. ~,
Tolls received in 0ciobe S 1879 1856 81 81
So'ool %
Tolls during The year ending NOV % %
Tos during The sanc period last year 1927 %
Increase $l2,5ll ~
Received Tor sales of land in October, l850 sl7679 ~
Received for sales OF land in October, lSi9 i4si9 10
increase $3.50 Il
Received in cash 70. sales ofand during heyear
Reeclved in cash for sales during period ., On
lset year o%li o'
Increase sl7aao Of
Anopos to an article upon Banking in the
Western States, ThomPSon'S Bank Note Iepor-
Ter gives the following useful abstract OF Bank
Laws of this State
A Svnopsts Of tic BQuk LaloS 81 The State Of
Ncto York--The owner Of Bank Stock IS individ-
xaly liable for the debts OF the Bank, to an amount
equal to the par value OF the Stock INC TACT
Tint the Stock stands III the name Of another per
son does not relieve from liability the real owner.
Non.residents are equally liable with citizens OF
orr own State my class of creditors can claim
the benefits OF this liability,
Safety Fund Banks can take I per cent. dis
count from all paper having over d3 days to ran,
hut only per cent, from shorter paper
Free Banks can take per cent. discount from
ell paper, without reference to time,
The circulating notes OF the Safety Fund Banks
nre not required to be secured by deposit with
the Controller. The circulating notes of the Free
Banks are secured as follows
LIST All New York State Stocks
I'd Half n Y Stocks and halt U. 5. Stocks.
Sd Half N. Y. Stock and half Bonds and Mort
cages
Stocks and Bonds and Mortgages
The Bonds and Mortgages must bear q cent
interest and must not exceed IN amount two
htbs the value of the property, exclusive OF build
ings. The property must be unncumhereo and
productive.
will be deducted which will leave in the Con
tYoller's hand security equal to Six Cont
Stock
Joint Stock Banks can organize on not less than
100000 capital and must deposit with the Con
troer not less than 100000 OF securities Tor cir
saatng notes,
Individual Bankers are not required to have
auy given amount of capital, but must commence
on not less than $4,000 OF securities deposited
for circulating notes.
An Banks and Bankers are required to provide
sor the redemption OF their circulating notes, IN
New-York City or Albany at half ofone y cent
discount.
Constitutional Prohibitions and ReqG1ements.-
The Legislature cannot grant any special charters
sor Banking purposes.
The Legislature cannot legAlj2e suspension of
specie payments
All circulating notes aust be registered by the
authority of the State, and ample security taken
ior their redemption In specie
Holders Of Bank Notes are preferred creditors.
We give these leading features OF our Il ank
Laws for double object
list That all parties Interested may know their
righta and liabilities
I'd That our readers III tue w estern states,
when the question of Banks is under discussion,
may have a comprehensive outline OF our laws.
These Banking privileges and restrictions are
the result Of Fifty years experience.
Can the people, except they become Stock,
holders,l be injured by Banks and Bankers, acting
nnder such laws
Byron Murray, Jr. Esq, date Teller in the Bank
of Vermont, has been elected Cashier of the
Farmers Bank, Orwell, in place of w B, Mar
tip, deceased.
The Batavia Plank Road Company have de-
slared semi annual dividend OF . cent. 1.-The
Rome and oswego Railroad Company have de-
clared dividend of . cent. on the capital stock,
out OF the earnings of the Road for the last SIX
months - The Mercantile Marine Insurance Co.
og Boston have declared semiannual dividend
Of 6 p cent. payable on demand
At Providence the Money market is little
closer and the best single names go at y cent
a biz allowing the construction OF bridge
across Lake Champlain, ut Rouse's Point, has