New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1850-10-25

ami did to that state lOf thcCoiApIclI"lo't VIZ
The amount Of indebtedness of Illinois notnclatlES
tie registered Illinois and Michigan Canal Bonds
and arrears Of interest, is about eight millions OF
dollars. So that loan OF twenty-five per cent.
by the holders of these bonds, with the proceeds
ofthe lands as sold it is believed will be sufficient
to build the road. About one million of dollars
was some years ago expended on the Southern
division OF this road much Of which is still avail
able
A meeting is to be held at Saratoga Springs on
the 18Th November next to consider the project OF
the Sacketts Harbor AMI Saratoga Railroad
This is an important mo,e nient, and is worthy
the attention of ali Interested in the route
Thompson's Bank Note Reporter in arguing
the necessity Of TIE establishment Of Free Bank
ing Systems in the North Western States, like
that of New.York, makes the following state
nent: The amount of Eastern Bank Currency
used and held in circulation by the Western
States is nearly as follows
Micbigan....S3G0 Oo0o Iowa. 100000
Indiana 20GoQG0 Missouri. .2oGy0
illinois 0000 Arkansas 2OOoo9
Wisconsin .......... 2Oo0cG0l $500
Toal iooo"V0'
BY Eastern Currency we mean notes issued by
Banks of States east of the above States This
currency costs the Banks which furnish it no IN
terest, and the amount lost and destroyed IS
equal, in the aggregate, TO one per cent. per an
num- 1t is liberal, then, to put the annual OF loss
to the Western States and gain to Eastern bank
ers at per cent on the sixteen millions, an
amount equal to sl,l20,00O yearly We know
that the people of the West look upon this paper
money as capital furnished by the Banks for their
use, and they feel that they arc fortunate in get
ting it at any rate. In our reasoning we omit to
take into account the broken bank and counterfeit
notes by which another heavy loss is sustaincd
for had they Banks Of their own, this loss might
not be less than it now is. The chances are, in
our opinion however, that it would be less for
the people would certainly be better judges OF
home currency than foreign. The Banks which
furnish currency for the West are not, generally
speaking of the better class. Our experience Is,
that nsovent banks and fraudulent bankers exert
themselves to put their currency West.
In the case Of the Mechanics and Manufacture
ers Bank of Providence, the Supreme Court de-
cided adverse to the reduction of the bail of the
defanting cashier, Mr. Snow. An important de-
cison was made in the case Off. w, Atwood and
others, against the r.. |. Agricultural Bank and
It's stockholders The Bank failed in 1913, its LA
DtleS iaiIlng lar Snort Oh us assets, ana unc nc
ton was brought to test the liability OF the stock
holders for the deficiency, under the tenue Of its
charter The Court decided
That the stockholders were liable to make up
the deficiency OF the capital stock so tar as IS
necessary to pay the debts OF the bank stock
holder to be Liable beyond the amount OF his stock,
and the deficiency to be made up by each stock
holder in proportion to the amount OF his stock
Markets. CAREFULLY REPORTED FOR THE TRIBUNE
THURSDAY, October 2i.
) 81 for Pearls aud l23 for Pots.
COTTQN-Tle market is heavy for Upland Cocons with
considerable parcels the market Sales 1850 bales
m e 8Yp s Flour G4 ar Fe s TGrv heavy
baI it was md there is far business doing for export
The supplies large and pressing on The market There
considerable lots going into store The sales are $4,000
bbs Domestic at SHAT % for No ?, 500i 81
mon strait State 5OQ 81 for mixed and strait Michigan
ard Indiana 9l0:5 for pure Gcnesec Messrs liecker
Brother took silver cup for the best barrels Flour
exhibited the Fair Canadian is in fair request Sales
1850 bills ut 6Z!, in bond Southern descriptions are
lower with far demand Sales LOCO bbls at 750i 81
Tor mixed and strait brands Meal is quiet Sales 400 or
SEQ bills Brandywinc at o. Jersey IS 4 Rye Flour
is 10 with sales 5Oobbls There is active denland for
Buckwhea tie market is steady The sales are 1000
packages "ilol's Extra 75c t. bag Standard, 623c'
Foss Extra Zee u bug, So Z bbl; Cromwell Bird
SAILS csc for Is lb bags, IS for bbls.
GRAIN-Whea continues III favor OF the buyer without
do Cm0dan white on private terms GCOo doheaied West
ern al about 7ic 9o0 do Michigan on private terms In
Corn Tie is upward with but small supplies
Sales 8OC0 l0GC0bush 6Gc for mixed in store and
weeviv Southern Yellow, &c Western mixed, deliver
ed 61G6sc round Yellow Ryeis also better with sales
loCCobush &c In Barley there sale of 1000
bush colulnon showing motera change. Oats are I'M
changed, 4O0i2 Tor Northern. The supply larger Sales
CnrudiuI Pens, $50 husl at soc, in bags.
TKONlSlONS-rhe market for Pork Is very heavy with
s,nQ demand The sales are 800 bhs at Sl for Mess,
81! Tor Prime Beefis 5O0$5, and sass for Prime
ana Mess with safes $50 bbS Sales 100 bbs Beef Hams,
10 arrive nj $2 80 In Lard the sales are $50 800 bbls
and c al Il d7 and 500 kegs q for good, Cut Meats
urc without sales otmpornnce Butter in good demand
for prime und firm ONO 9dI2}c State l40I7c for da-
r | Cheese
53&t w,li ir business and jarge supplies, .,a...
Win sales 80 bbls and 80 hhds
TEAS-Ihc Tcp snle went of yesterday without spirit
and in some descriptions al lower rates Young Hyson
Blacks Were also heavy and sold at 10 &c decline;
TALLOW-Tallow Is improving and 10000 lbs prime
CoFFEE-A cargo OF Rio Coffee, 1900 bags, sold at
lo!c, usual terms. The markets. since not so firm
LEAp-A sale OF 5000 pigs Galcna Lead was reported
0IS@Inseed Oil is rather frner but there nonarked
Improvement Small sulCs English at 7lN72 with Amerl-
in bills sc Whale is firm At 53055c and Sperm,
1850 p sul Sales 5000 gals Manufactured III $50 and 1850
WHALEBONE-A sale of 1000 lbs Polar Bone was
made on private TERMS but at an Improvement on previous
NAVAL. STORES Crude Turpentine is in iuir demand
at 80 T. Dbl Resins scarce and steady. Spirits are sell
ing TO fair extent at S2!, cash.
MOLASSES-A cargo of Cuba Molasscs part tart, sold |
al PC, usual time, for dislling.
HEMP Sales 50 bales American Dew-Roed Hemp at
lRON-A part of an invoice of Coliness Pig lron to
rive sold at 20 90 mos English Bars are quiet at $50
6mos
GzS7 For Marriages and DEATHS, and PdsSen-
gers see FJtA Page for Foreign MARKETS. see
THIRD Page
MINIATURE ALMAEAC......THls DAY.
svs-Risss. g Sets os Moos-Rsss.s 47A
high WATER OCT. 25
Sandy HOoh-n 10 Gov IslAnd...- = He'll Gate.-.l Aim