The New York herald., 1850-02-21
Our Philadelphia Correspondence.

PHILApELPHIA, Feb. 20 1850.
The N,p Jersey Free Balking Law-Hs Beauties Bless
fngs and Branches 80 Commodore Stockton The Dry
Doek- The marA.fs, &c, &c.
The Free Banking Bin has passed both branches of
the Legislature of New Jersey, aud it will undoubt-
ediy receive the signature OF the Governor it may
be regarded the Law Of that favored State New Jer
s.y Legislatures have been gracious to hnancsrs
and In this instance there is departure from what
may be regarded general rule After enumeratiog
the States whose bonds will be received as the chie
bssis bsnkiDg capital the delighted spec uaors
iuiormed thst third of the whole capital may
CT real estate that Is two thirds stock and
third saud In spirit Of enlarged philanthropy. pc
cuiiary Jerseysh the valuable blessings OF this la w.
like the dews cf heaven, are not 10 be confined to
the sitizeDs Of that stat. and there will no doubt
be many thriving branches In Tnrd street, Pat
lsdelpbia. and Wall street, New York. Of straw
parents in Camden aud Jersey city. More prsit
catch par ItiouiaTy fanguipe Philadelpha bull, :"
afpiriTg to The siRnlfs Of free New jersey banker
and rot UnEindful Of the pronts Of Q broker aud as
certain what bic Eunsieal capital tssyb Of siVo 600
really Ia aud what his ptodts likely TO b.. Ills
capital eonss o 500 Geo sorth OF Elves
and SS3.SC3 worth the rich laads In the nelghbor.
hood OF Cape May total. slO0,oV0-on which hs Is
permitted 20 issue not-s to sn'ilsr amount. When
put into each mortar this nomins capital Of 100000
sCo 600 Pennsylvania Fivss market value. $4,000
$685. Cape May lands, under high specu-
lsting influence, might bring. $50
Real Capital 500 500
In the hands Of ny .br-wd okeri.h ba 100 600
81 good paper money might be made to realise TOR the
owner end emter one per cent per month or sis 0oo
per auIum and the interest would be drzsn a. the
time the 500 600 worth Of PenD.yly lyauis nvss
the profit socount, per snuum would stand ~ foJ~s-
EArbrgs of tbs 500 oCO circulation, Judiciou.ly
used IN buying second elsss paper si2 900
sosse Pennsyl'aSis hvss Interest money. $685.
Th. i. .suiTssn; to tw.aty ers per e.o. per sanun
on the actual investment Of $4,000 rh-rs other
tourc-s of PROFIT Witch We h.y. not included In our
calculation such Ia temporary total suspen
uf payments by the bank which, In the New Jersey
bants assumes the run OF q chronic disease. Every
Ststa has its peeuiiaritrs aud Distinctive features
South Csroltns 10 sysohymOus Tor cotton aud oDn
tionsi Psnn-Jlvahis for coal and oorporatonsj Ani
New Jerfey tor buck sheat sausgee aud broken ban
The bark Sultan ssiis In few dAysfor san Frsacsco
Among the articles shipped BY her are ave small
gines, sDd three machines tor Stamping wA,bing, asi
separating gold fro the quartz which it
ally found This venture B. account Of CommOlors
chine. tie tract of laad Ia Csorsis wnch BE- pur.
chased some years sgo ad IN which the city Of stock
ton has b. en- located.
Tie Ibi adsipbia Dry Dock h progressing s' rapidly
ss ercumstsnees will permit be laying Of tue grs-
mite foor sf the basin -il BE- commenced r-xt noah
hIss ~ & G .,s .s P5sn'.l. .l's. ,s
NOR, inquiry for ~hesi q 81 oia os iosr rsd aai 81 a.
sers IN sensas At Sss ioa ssis Ssa ss ior Rsis RI.
SSss % r sIsa & e sf a. % sAt @ ca sgssd n. ''ai''
Ths's .as more snA,,h a. tho st-sa Sosst 20 day .ei
sssr @ era Sr TSs aas nss' aassasst !. s
6ihs Ioesvils BaaS Nv sleoSu see IS "a So vii.
mirgtCn Rk h1nds ~ SOU CITY - tVk 10 Psansyi.
ysnia Ar 2tsi bsrrifburg hA az % LeAigh. 81.
Sckuylill Nav. E 5Gusrd Bsnk. lfif ~ do lltt $50
Hsrrisiurg kk tonds - 10 keadng ~ preferred stoek.
2tk IS ksch. and s.uu esnk. fittseurSh. F2 $50 sea-
Ss,ss,l.p - ;lA s sorri, anal l9s SEQ sssdes
eotds. tfh sleo a.. ca. - che. Del Isssl 10 81
tnon Canal Oai ~ hesditE kR, 1fs Sec0Hd BSfrd 30
shs Mofrs i3 % htch aank a.. 80 srari Sank.
Ia. shsnuf. snd seenauics Bssk y. fscsmd-n Anbey
Ri. schuyi Nav. Sc. - blk Sito DO is, 81,
81 ~ Seaans bends an 70e Texas Reris,e,et Notes
~ ,,l.siS~s ks s 9 farmer. ssd assh. sias si,si
gushttrsh Canal Rcnds. 60, st0 Norriso~n RR bonds
6's ~, Il Ihilad. and Trenton r. us