New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1851-10-10

The Nevburyport Herald, speaking of
The suspension, on Saturday, Of wealthy citizen oil
Salem, says
"a great sensation IN the monetary circles OF Bos-
ton and Salem was produced Yesterday by the ru-
Inored future OF David Pmgree, Of Salem rePu'el
one OF the Rillionares of the latter CITY IL IS sdlu
however, that his liabilities are only $'5u'Ooo' WIi,e
worst his liabilities be pali ana le ave MN LOT
tune OF a million The reason gwen Tor tne suSpshr
sion Of payment, Is said TO be tne large amounts OF
| the ndOrsed paper OF nsolvent tanners, leasher
/ dealers &c, which is becoming due, ana on "hlcn
/ Nj Pingree refuses to pay extra interest,". gI6at
portion OF the amount OF assets, must no douo' DC
/ unavailable property and probably Ihse p3rt.on
is IN Name lands, IN the purc base o, "hlch Ile
Smiths Of Bangor, II was said t"O or thfee ye Is
ago, were acting as the agents OF the Salem capital
! Isl"
At Boston there is a slight relief IN the
s,ringency of the money market.
The earnings of the Rutland and Burlng-
ION Railroad. for the month of September.
were -Sf5,5P2 ~
In the same month last year----.------- 2l.S2S OO
Gam tins year. -SA,Vo9 IL
Or more man ll2 = cent.
At St Louis there was majority OF 49,
in favor Of the subscription of 100000 additional to
the Pacific Railroad. IN order to secure the state
Loan of $25000 The loan is now secured, and the
work viii 60 on rapidly.
In relation to the Money Market at Gin
cinnati, The gazette says:
In this city money IS very tight, also exchange on
the East has suddenly advanced half per cent, and
the supDly is very scant. Our banks under the
necessliv Of reducing their discounts, and all Dust
ness operations are " hard enough 10 conduct where
money is required The best short paper IS rejected
because the banks without the means for dis
counting H.
At the Fair at Castle Garden, the New
Jersey zinc Company exhibit specimens of zinc ore,
and white brown, and black paints made from zinc
ore. Their brown and black paints are composed Of
the oxides of iron zinc. They act gayanically on
iron, protecting II from rust the being negative
and the zinc positive The white is pure oxide Of
zinc These paints being oxides, only resistthe action
of atmospheric ar becoming harder the longer they
remain exposed. The contrary is the with the
leads II is SAID BY chemists who have tested these
pants that they combine chemically with IRON, 50
rs to resist the action OF fire well as water and
air. Ii VIII be recoilected that the basis OF these
paints tZlnc used every where exclusively 10 gal
vanzc ron Beng pure oxide, the white zlnc paint
contains no pisOnous elements. and Is captaliy hted
for house painting, more especially IN domclls from
which, the occupants cannot conveniently remove,
to avoid the AIR tainted with the smell OF fresh lead
paints For two years past tins company have been
EXPERIMENTING To bring their pants TO their present
excellence Already they are selling large quantities
of It Tor use here and m nelghbonng States They
make al the known colors OF the leads from their
three bases of white, brown and black Several OF the
first-casS clipper ships now sailing out of this port
painted with tins new article, 1t being found to
stand The action OF salt water and salt much bet
ter than paint composed of leads. They are greatly
increasing their works TO accommodate the heavy
increasing demands on them
The work on the Buffalo and Conhocton
Railroad is being pushed with vigor The work OF
laying the track through the ConhOcton Valley is
being rapidly prosecuted, and the iron rails and other
materials for completing II are, for the most part
delivered on the line An unexpected delay in the
arrival of the IRON rails purchased last spring, and
unforeseen difficulty IN procuring the right OF way,
have delayed the work, and 1t is feared that the bad
weather and frost of the fall may prevent the COM
pletion of the track in time to put II In running order
this season.
The London papers give the following in
formation relative TO the Austrian loan up to the Eth
of September
The sum total subscribed was 81 100000 forms, of
which the Common Council raised about $500 600.
The larger subscriptions were, Sna, nearly 4,O0OOO0
RolhSchd. 5oOO,0On ArnSteln ESkelleS, 1900 900 .
VI. l.. Biederman, 900 Stauretz MAYER, 0O0
and WertheImsteln d Son, l.00000e. IL Is expected
that Pesth Will figure for about ls50,0O0 and Trieste
for the same sum. The Bohemian subscriptions may
money matters are OF opinion that about 45000,000
As 900 of the loan Will be absorbed In Austria
As many OF the subscriptions made here are on ac-
count of Frankfort and Amsterdam, II is expected
that more than 100000 viii be taken by foreign
SPECTATORS. IL IS whispered that should the sum OF
20O00,000 of forms be left the hands OF the FL
nance MINISTER'S, as Is pTooaoie II VIII DC given IN
commission AZ asomewha, lower price 10 two or three
foreign houses.
The citizens of Illinois are To vote upon
IN
this state al the election 70 be held on the 4th of
next month. This bill authorizes the Auditor of the
State, upon persons desiring TO establish a bank
placing IN his hands public stocks OF the United States
or State stocks, on which fun interest is annually
paid, TO the amount Of fifty thousand dollars or uD
ward, to deliver to them the same amount of bank
notes for circulation Illinois state stocks may also
be taken as security for the notes at valuation Of
70 o cent less than they have been sold at IN New
York for SIN months previous provided that such
valuation shall net be more than 80 y cent on the
par value, until the Stale shall resume the annual
payment of the interest IN full In case of the failure
OF bank 10 redeem lis circulation IN specie, /; :
made the duty Of the Auditor immediately TO adver.
use the stocks deposited for ten DAYS IN two news
+ papers printed IN New-Nork and then TO sell them
at auction there for cash, and with the money thus
OBTAINED 10 pay all the notes of the bank
The Boston Journal, in an article on the
improved aspec, Of the Money MarAei IN tina, city.
says
1 ne course pursued BY our city Banks during
the financial storm which has not get entirely passed
away, Is worthy OF especial commenda,lon We
have every reason 70 believe that relief has been ey
tended oy them 10 the fun extent OF their ability
and 50 udlelously that the panic has been deprived
Of half It's severity"
The FIRST shipmen, of new Beet this sea-
son was made from Chicago on the 30,h OF SepteEi-
Der. II amounted TO $50 nerceS and barrels part
OF II designed fov The English market
In relation TO the Hog crop The LOUIS
rl'c Journal has the following information
The prices Of Hogs, lately, have advanced and.
have heretofore stated, various contracts for
early delivery have been made by our packers al
prices ranging from s. - TO 81 50. net. Similar
contracts have been entered into az Madison and