The New York herald., 1851-11-30

SATURDAY, Nov. %--6 P. ~.
There was no material alteration In quotations r
stocks to-day but activity than usual among
ansies At the fret board Norwich aad Worcester de-
cined per Ct; Reading r. r ~ Erie X. r. 4; sto =
ington u; Lanton Co. advanced = per cent, Harlem
"a, Hudson River Rairt sd u, Long Island 4 Erie In.
come Bonds X. There sales oftwo lots Of Dauphin
Coal COMPANY the FIRST have noticed for long tms
rhis likely to be active speculative stock
a. IL becomes better known We do not understand the
depreciaton In Norwich and Worcester II Is pretty
well settled that there will be dividend o! two and
half per cent. the hrst Of January next. The ne
earnings 1t Is represented, viii be three per cent, fu
three per cent for the six months ending tina. tim
Harlem has been quiet for days past This stock
must take . start Of these days, and renunerat-
holders for Carrying 1t.
The receipts at the Office Of the Assistant Treasurer O.
this port to- day amounted to S66IlS; payments Ssl
ss6 ~. Balance, S3,2ss, ,2s3 a.
The Attorney General Of the State Of New York hs'
issued the annexed circular 10 the country banks upoo
the subject Of redemption This presents the question
In a new light -
REDEMPTION OF NEW YORK STATE BANK fssuEs.
ArroHsE, 0grxnALs OyrIcE,
To le President Directors, &c. Of "a. . .
Section Of the Act entitled An Act relating 70 tn
srv bsnS banking sssocstion or individusi BANKER
purchasing buying in or taking up directly OF iod
rsctly their circulating notes a an amount less than
what purpore be due thereon at other place
in any other manner than IL directed in and BY thi'
Act.
The act authorizes the appointment, In New York
Albany, Of Redemption Agent Who shall redeem tn
circulating notes Of country banks at rate OF dscouni
not exceeding half Of one per cent Thi. appoint
ment must be In vrti ng sui fled In the Office Of the
Comptroller bank may be appointed the redemption
sgsu but 20 city bank Ss redeem tn. circulation Of
ooun,ry banks wI,aout such spP, ,hi"sp}, e., L.
COMPLAINT having been made 70 me, duJ verihsl oy
sfday that large number Of the banks OF TINS sta.s
Including the bank under your charge have entered
an arrangement with the NstrcPoeisa PAYS Nv
own bill. at discount Of QUE eighth Of one cent,
feel bound 20 call your attention TO the subject and g
susgest that In my opinion this mode of redemption !,
unauthorized and in direct violation OF the statute q
lsA0 MY duty requires In all Of violation OF Law
by moneyed corporations to proceed against the osni
ing institution by Information to annu the charter
Ths Metropolitan Bank not having been duly appointed
redeeming sgcnt for your bank you will see the pro-
Kriety Of either filling regular appointment OF ssid
bank your redeeming agent. or TO discontinue re
drmptions at said bank IL this course Is not pursued
sba be obliged to institute legal proceedings 70 corect
l. !. CHArffELD, Atty General
The anthracite coal trai. Is s,i quite active for the
.esson-the demand good and prices Arm. The Lehigh
Navigation Company Brought dosn for the week eniin.
on Saturday last 70 $50 tons and for the eTi
tons; the schuylk Navigation Company brought down
for Tire week ending on Thursday I2oSs tons and for
the season te2ssT tons and III. Reading Railroad fo
the veet 34Sp4 and for the season o36 ose tons
The State Of Vermont IL chsrtsring too many banks
They are based upon too sma capital and the expanSor
ts rather too sudden for the welfare Of the State W.
find the following incorporated last week:-rh'
Mercantile Bank, at 81. Adams the Addison COUNTY
bank al vergennes, the watts River Bank at gradford
the Ntrthfeid Bank.