New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-11-10
The steamer Pacific took Ss5S,000, and
lhe entire foreign exports Of the week were over two


Tho shipments next week viii be small as NO Law
eTpool steamer leaves this port.
The receipts at the Sub'Treasury are
s,o,i99 Paid s6s7e7. Balance, s9,5ll,995
The rumor that leading Wall-street
Cashier is about TO join new banking we are
snfsrmed, is without foundation.
The Money Market is rather active, but
without change 'of importance. On call, loans are
made with facility by the leading houses at 6d7 p
cent. on good stocks The supply of hrst-cass pa
per continues moderate, and IS easily passed al a
{ y cent, paper not 80 fayorably known, 9dlO b
cent, and secondclass, Il ais p cent The Banks
are prudent, but accommodating their customers TO
she extent Of their ability.
There was an indistnct rumor in the
stree, OF large failure which may have referred TO
Mr.. Edgar J. Barlow, paper dealer. who has been
obliged to suspend payment.
The Illinois Free Banking Law has prob
ably been sdopted by the people at the late election,
but is not law likely TO be svorably received by
capitalists. A clause IN It STIMULATES that Bank
shall forfeit, without remedy, all Its banking priyl
seses upon the FIRST failure 10 pay specie on demand,
and shall be closed by the proper officers. This
clause places every Bank at the mercy of any person
who will take the trouble to collect the demands
hand, and no Bank Is perfectly safe unless 1t locks
up in its vault ca night, to amour, equal to
che full amour, o us circulation anddepositS. Bank
Aag under such law would be either unsafe or un.
profitable. The Bank must not only put Stock Sc.
suries for It's circulation in the hands OF State Of
tceI, but must also Keep IN lis vaults dollar foT dol
las IN specie This stipulation /, Is understood was
grated on the law through the eSertions of bankers
IN Adjoining States, whose interests would suffer by
the extension OF banking In Illinois
The notes of the Bank of New-Rochelle
secured by public stock, are redeemed at par at the
Mechanics and Farmers Bank, Albany. Those Sc
cured by Bonds and Mortgages are no, redeemed
npresent
The Mechanics Banking Association has
made dividend OF y cent, for SIX months.
In our notice Of the Chemung Railroad
YESTERDAY, stated that 1t had a floating debt Of
IS coo. We were msln'ormed, the road on the con-
Iaiy, having surplus fund Of thai smount-Qm,e
another thing
The foreign news by the Canada and
Baltic is not commercially very important, bu, is
rather unfavorable. Cotton and Breads,eas were
little lower, but there was fair business doing
Consols had advanced considerably closing at gtG
ga. The French Five per cents were eofes Three
per cents SSf70.
The sale of 100000 OF the Mortgage
Bonds OF the Northern Indiana Railroad Company,
advertised in another column, is well worthy the at
tention OF capitalists Il viii be seen from the ad
vertisemeni that 100000 zone half the amount Of
fsrsdl will be sold absolutely and wihou, reserve to
The highest nd&ers-the Company reserve the night
TO withdraw The remaining $S0o,0oO If The offers
not satisfactory These Bonds axe well secured be-
ING protected by mortgage of the entire hne of the
Company's road IN indians-covering about l35 miles
an lensth-snd the mortgage being the first and only
hen. The subscriptions 20 the Capital Stock Of the
Company exceed zoe 600 about 100000 OF which
Is by Eastern stockholders manly residents OF New
iork and New'England. More than one-haf of the
amount OF the capital stock is already paid in and
the remainder is aAbeng paid in regularly, IN monthly
mstAlimenis al the call Of the Company The Sc
curly offered for the loan, therefore would seem u
be Of the most undoabted character: and the fact /
that The stock of this Company is MANLY held bv /
Eastern parties VA, give its bonds preference over
the securities OF many Of the Western roads. The /
NeytAern Indiana Railroad Is cen,iaustiop and