New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-08-12


bsies India Rubber, equal to s. = oae.
Tie supply of money IN the street IS
more free. and some of the Banks are making call
loans again. There IS, however, no meho'allon IN
The rates ofpaper First class names short dates, 90
at eal0 p cent, and good signatures at ii ai2
cent Long paper, \ No. !. IS Ie y cent Oa CAL
the rate IS steady at y cent
TIE receipts at the Sub-Treasury are
$i55,l99 payments, SCI ,36s-oalance s2,-oi's75.
There is about half million OF Com I'M
der consideration for the "Wednesday steamer but ;
PORTION Of II may he countermanded. The shipment
Of considerable porton OF the amount Is very an
certain.
Several snail failures, connected with
the California trade, have taken place. The indeb-
edness Of Messrs Barnet, Withers & Co, OF Phlla-
delphia, is Sc, down at $3.50 600 Two three other
failures have occurred in Philadelphia.
The traffic on the Albany and Science
tady Road continues to show a very large increase
The frst-cass passengers in the first seven days OF
August were abou, 80 p cent. larger than during the
same period OF las. year.
The advices per Arctic, although not very
important, are favorable. There had been slight
Improvement in Cotton. Breadstnfs were steady,
and Consos improving. The Money market was
easy, and trade generally IN a favorable condition
The Albany Atlas Of Saturday says:
We regret to announce tina, several failures Of
mercantile houses have occurred IN thlS city. we
hear that IN some Of the central and western cities.
some leading business men have alsobeen compelled
o suspend payment.
The amount of United States Stock issued
to foreigners from 2eth Julyto sih August 1851. IN
elusive, was $4,000
TIE London Mercantile Journai of the
2e,h nit has the following tribute 20 the credit Of
Maryland
THE CREDIT or MAITLAND. Erc.--A further H.
lustraon OF the good faith OF the State o Maryland,
/ which one OF those which suspended after the
crisis that led the failure OF the Bank OF the United
States, has Just been furnished In 1871, when she
resumed the payment OF her dividends. she cdpltal-
zed the -four and a naif years arrears due 70 the
bondholders, by issuing new securities al par pear
7 ing u cent interest, and redeemablc al the pea
sure Of the state. Within two years, certain num-
Der of these bonds equal to rs y cent OF the entire
amount. pad off IN the next year ne proper,
ton cancelled not less than 5os = cent ana
during the present month the remaining u. = cent
has been discharged. The extinction of the WHOLE
with interest at the ill legal rate has therefore no"
been effected
Instances OF this kind should not only give conf
dence 10 the creditors of the few States whose com
pdratIye TemOteness from the action OF puphc opii,
ION has DELAYED II return 20 honor, but they Should
also induce all persons who may relN to tranSa',
lantlc dealcaCns carefully 10 discriminate me real
parties. The existing LIST consists simply o MlsSiS-
sInp Michigan. Arkansas and Florida. indiana,
/ unlike Maryland and Pennsylvania, has disgraced
herself bV compromise, but there Is no DOUBT aS TO
/ her future punciualIty and illinois. although she
has shown culpablc degree Of indifference has par
italy resumed payment, and has never ailenptci 70
2 question her liability. when IS recollecle1 tnd
| the aggregate population OF tour repudiaung NlateS
IS not equal 10 p cent. Of the actual popul hlon Of
the Union. ana that the condemnation heaped upon
them by the majority, VINO suffered from tae connec-
ton. is unsparng and inccssan 1t viii be seen that
the period must soon arrive When they VIII find ihelr
/ position 10 be noerdblc
At Albany. 80 shares Commercial Bank
sold d, l2G, and do. Exchange Bank at O..
7Hc Boston Jouradl says
There is less distress among borrowers, bat no
concession OF any consequence has been made IN
the street rates Of interest The Money market, IN
fact, IS far from being moderately easy though what
ever change has occurred Is for the better. Ncgo.
tatlOnS are made az the following rates:
Fer mercantile paper Of FIRST rank----lOol2 u cent.
fair .-l2dlj -- -
Loans on cali good secuTiuos----.---l20ls
By a juGicious distribution OF discoun, accon,mo-
datiOns. the Bank, have sooned the tone OF the mar
koi and thus tended to ALLAN the panic so rapidly and
widely spreading II Is nevertheless. perfectly ap-
parent that the supply OF capital at the present time
IS entirely inadequate to the wants OF The street
j. Il. Whitney has resigned the Office OF
President Of the Northampton Bank, and Elphaiei
Williams h.s been appointed 10 t.at Office.
The law lately passed by the Legislature
of California n reference 10 Bills OF Exchange and
Promi,soly Notes provides that The damage on Bills
Of EXCHANGE protested for non-paymon, elsewhere
shall De- IS follows.
Il payable either o. The United states ea>t 81 the
Rocky Mcufau, 10 q cent.
ii payable ia Europe or any foreign country, 20 l.
cent, VITA interest from the time ofdemand.
II The blll B., payable IN the currency OF foreign
country. the amount uue stall be determined 10y the
rates oi exchange IT. the TINE of demand ana eXcln-
The dam4gc on B.ll> OF ENchanse protested Tor
non-.cceItaucc shall be tie same q, ON nose pro-
tested fornCn-pymcui.
Al Philadelphia money Is IN great de
mand with tie INGREDIENTS, bat with the bankers Is
plenty The Banks are discounting TO tair extent.
The extension of the Baltimore and Ohio
Railroad to PukoIsburg, and thence 20 Cincinnati.
ha> been determined upon 5y the City Council OF
Baltimore COMMITTEE mas been appointed TO pc
uiion the Legislature for the passage OF an act en-
powerng Tie Ciiy,o subscribe sJ,joOoO0to the stock
of The Company
TIE CmabcriaHd c.riiiGu says that 1t Is
reported that he Baltimore and OHIO Railroad Com
pany haze Determined To reduce the freight coal
from Cumberland 10 Baltimore, 10 - y tun.
The citizens of Alton. ILL.,, decided last
TUESDAY. 10y vote 81 about four 20 one that the
CiN sAonlc subscribe Sico,coO 70 The stock OF Tie
Alton and IerFe Haute Railroad. Before tie worA
is commenced, d bona dde subscription Of 100000
mus drs, bo secured. 1Tls AMOUNT. i, thought
Mi. be easily obtained.
The Dafcrioirn Journoj OF August 18th
contains tie proceedings OF % meeting held IN that
village, 10 promote the construction OF railway to
Potsdam, in =. Lawrence CO. The delegates from
=. Lawrence al united IN the statement; thai the
oeUeasburg ana Champlan RAILWAY OF little
use 70 ~, inhabitants 40 consequence 81 rs running
too near Tie north hne ~ the county being IL miles
from canton, ana ; iron. Po,sdsu. .Ac COS, of The
proposed road estimated a, Sl4coe per mle, which