New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-03-17

sdvsu &c from six 10 eight weeks earl scces - Il L.
wRerwli divert large amount Of produce om he Ere
md WAve1t Re'ishe Information has been c1nmu-i-
caed % memb rs OF ils Bos o. By msfs and other -hp
ping via Ohio River and Pstns lvsnia Canals olt
Sesire u slip y LAKE Ene AID ts Z l. Caa-L VIE y
Buffalo;
md IrAe,ea An early operng Ollie Ere Cani would
secure FOR Transportation over s waers c11sdsra7o
amount OF produce from various ports On or W-serl
LaScs which might otcrv lie De- dive ted through -s
Weapd Ctpa anf do IN the s. Lawrence River. Or over
The Ogdensbu Railroad AMI also Of large amoint *
mercl andse c5mizg from ute-vaer VIII ulc o.sr-
railroads. and h-o1gh Ae PENS ylvana Canal
ind -tcre1s Tee experience n past years has d. non
hetween he opening OF navigation on Lake Erie and tie
Cfra the eXrense % handling and Forwarding Dro-uce
eIIeg " ~ .ni.Tl1 oss , 80 &c.,, y, I,ssss
and renoered dissatsfe5 with the Erie Canal route iof
spr1C shipments Therefore
Peelrtd Thar 10 he opinion n this Bos-d IL il Of tie
importance the revenues hat the est 7rar.
cabie period be adopted r the opening Of the Ere Csna
through It's errre lergih.
Resoird That tie Canal Board he and they're hereby
repect'l solicited 20 adop measures 70 ilslfe no op
ms ofihe Ceus az early az The 18Th OF Apn ensuing Il "a
their opinion practicable.
Reso'red, That Messra T. O. Gould. J L. Reynolds and
NJ Hawiev be Committee 20 communicate the proceed
iIgs Of his meeting % The Caoal Commissioners
Reolree, Ttai the proceeings Of his messing be pup
'' H. E HOWARD, President
NJ. S. HAwLEY, Secretary 1so ten.
There is project on foot for extending the loss
burg Railroad Elmra The proPhsors OF that road says
the EIz1ira Republican, have resolved 10 relay it With
heavy rail- but there s difficulty between the Corning
Company and the Pennsylvania Company IN reference 70
the gusge OF Tie track, the Corning Company insisting on
the preient guage orderto shipment
at that place and tho Penny Company being equally
resolved have the wide six foot track The
menis, underand, already made Tor resyiog me
rail- the Iron being already furnished, aud unless the Corn
ing Company yield lheir position the Pennsylvania Com
paDy viii terminate the lease ortheir road now existing.
It has been resolved to apply 20 the Legislature
FOR power loan the credit Of Oswego for $4,000 to the
Oswego and Auburn Railroad thug opening route be-
tween Lake Ontario and the coal ard iron mines OF Penn
fyl7snis Tie route between Oswego and Aubgns TO be
surveyed a. once.
The Roadirom Syracuse to Binghamtonil being
surveyed.
The receipts Of the Baltimore and Ohio Rail.
road Company for he month Of February, have been Sc
follows:
Main Siem.......;...........Sz ~ 98 S3l,t2 II
Washington Branch ......... 22oia 50 4.235 30
Toal.....................sD 81 S9l6B 81
Making IN aggregate Of 5ll797O % tie Main STEM
and S2Sa5 SO Washington Branchthe total being
S14255 40. The above compared wh the corresponding
month Of last year shows an increase OF S635 TO- being
Sls,2i9 "a on the Main siem and $2s]5 ~ on hs Wash
ingion Branch.
contemplation to construct Railroad from Wikesbas
scrsntons, the Lskawans. and TO form connection
from that point with tie NewYork and Erie Railroad The
completion Of these two short roads will form continuous
line Of Railroad and Canal from Philadelphia the OF
Erie the dItance being less than from NewYork to Erie.
In the Statistics Of Lowell Manufactures it
is stated that there are twelve Corporations OF different
kinds, which have fifty mills their united capital is sSs62
4C0 they have S255C0 spndes, 500 looms, and employ
1914 females and 1902 males, and consume 575 400 lbs OF
cotton and 6eGoO lbs Of wool per week. The average
wages offemsleS clear Of board, per week ia 81 and OF
males 81 60; the average per SPINDLE yards per day. -
There other manufactures Ia the place than those
specified above ofs value Of Sl5OooOo employing capt.
tai of S4OO coo and about ] 800 hanos
Free Banking Law, introduced BY NJ. Law.
renee has passed the Ohio Senate aud il thought VIII
pass the House. The main provisions are as follows;
AIRY number OF pergons Rot less than three may iprm
Banking Company. TEs minimum amount oil clpta' 10
$500, which may be increased 10 100000 exclusive 10
in circulauon. bank may commence business when So
g cent q To capitals paid IN aud when STATE OF Oho Or
deposited with the Auc or Of State a. security aofr-
said. baLk entitled to deposit stocks WI the Auditor
equal 10 three times is capital paid H.
E8ch bank shall receive IN payment or teba notes OF
other 'ee banks paying specie. Each bank snail keep on
hand gold silver equal 10 80 per cent Of 10 p,per
r SIZES Ease S' ' ss ss q K9iiof sei-
the stocks on deposit twenty days notice, and eieema
s circulation. Atef suspension notes draw l5 per cent
Directors muit be residents ofhe state and reeourhs
CT mem must nave r. sidcO 10 OulO Two years
or The denomination OF one, tO three, I'VE, ten twenty
fifty ard hundred d0sre may be circulated as by ca
isug bCnko ut after 1850 the sture prohibit hr
CIRCULATION Of ooes under the denomination oil 90 dOisri
H. ADDITION the securities afforded to tds BIZ holder
20 bank shall pledge OF use iis circulate notes In procl
ing ouey be paid capital or n orOcuring stocks
which procure circulation. StockhO s1ail NOS hs
collectively liable to bank for more than twof hs OF The
capital pn.a ir.
Tie stockholders ofevery bank having no more han FIX
sharctc drf tta Poe rdiyrugl.y liable for All debts VI f
bank hut fm0re than six then each sockho der is ndig
dgsy liable 'or IN addition equal % the amount
Of his stock after Tie talk has suspended payment VI s
notes.
uch bank may deposit three times the amount o cap
ita I'm stocks, when 70 will stand thus
Capital S25oe of which 81 P CENTS paid in 5eio
Stocks deposited with Auditor, maximum on $1,000
paid 4l
cured 1900
Total .slo50o0
OF this must he KEPT on hand and IN Eastern cities Ia
specie, So y cent 1850
Leaving Of capital, circulation, and stocks on which
the bank VIII mike interest yl,Jl
This will be an investment OF capital, SIS 0r0 and
stocks $45 eco. making IN al...............So0oo
The banker will ESQ make profit on deposit and exchange