New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-03-10
COMMERCIAL.
In relation to the Albany and Susauehaa-

In reiauon 10 the Albany and Susquehan-
nah Railroad, 7zs Albany Atlas says:
The people Of the villages AMI towns ON the line
They have come forward In the most cordial spirit
and the night OF way on the whele line, from Blng.
hamton TO the borders Of Albany County has been
has been taken In pay No Railroad IN the state
has bad so many facilities offered 1t along the line,
and when completed with double track. IL is oe-
lievec the transportation Of coal alone will pay
The road will make Albany the great Coal Depot for
northern Newly ork and New England and the price
at which 1t can be afforded here, (less than 50 per
tun.) VIII give new impulse TO our manufactures
|. On Monday and Wednesday OF last week, meet
iDss were held at Laurens, New-Lisbon and Hart
wick, which, although of the line of the road route
gave $50,0o0. On Thursday, meeting was held at
The Court Houae, Cooperstown, VIM II. Aysfill,
Esq. presiding. The meeting was earnestly and
eloauently addressed by Gen Pruyn OF Albany, one
of the Directors, Judge Lawyer, of scnoaaris, J. A.
Mcfarland, Esq of WASHINGTON County aad s. NJ
Shaw Esq, editor OF The Freemaa's Journal.
On Friday, the came gentleman addressed meet
ipe at Monis, and SIS eco Was subscribed in a few
minutes, to De raised to $25 600.
The National InteH,gencer contains the
following, in = long letter from its London CORE
spondent, under date Of February l2:
"The export Of Corn is not only forbid in Russia,
but a marrnrn price Is ixec above which 1t must
not be sold a, home. In all the Polish towns the
price Of Rye has been fixed BY beat OF drum Who
ever demands higher price is liable to have his
Corn conhscated"
The following correspondence between
Messrs. Peabody and the Bank Of England, is on
subject Of considerable interest to the shippers OF
gold from this county to Great Britain;
No. 6 WARNFoRD- COURT Thursday. Feb 10. 1854
SIR Wsnave received and sent to your institution, sub:
from ss3Oceo AMERICAN eagles and by ,tss ner OK
pect another large shipment BY your circular of the 9TH
bear the expense of It's refining for coinage be made
intrirsicsly fl for coinage without refining.
We respectfully submit that the position which thus
take not tepabs The 9Th clause OF the 7th and 9Th Vic
toria chapter 81, runs thus
day Of August eight hundred and forty four.
adj persons shall be entitled to demsEd from the de-
exchange gold bullion the rate Of three pounds
seventeen shI and ninepence per ounce Of standard
ps- shall IN ali cafes he entitled to require such gold bal
lion TO be melted and asyed b persons approved BY the
said Governor and Company at the expense Of the parties
rendering such gold bullion"
TIE precise dssIss Of sS ss
bullion which arrives in this ccgntr !: not o. aasnsss
ing the act not believed that such could be found
quantity II could not be intended .an. you hysmst
standard for the Legislature must then be suppes:so
mean that the Rank was enly 20 receive what Wa mn
,. H. sc, compe, the Bank to Issue notes saas gold
:. ~ nj h!ch mas hitherto been rightly si a,s
This alone could be contsmp atsd
n express erms that the Bank shall require the holder
to melt and at his own expense but does not an;
Il
his own expense Tho omission in the act OF the oosa-
ton to refine for coinage at the expense OF tue seller 10
Conclusive that it was not attended he should bear IT.
Whether the expense of refining for consge should %
we bmit csDnot be entertained between the bank and
the seller, to them OF bullion 4.
The determination Of this popt Of great mpcrtsncep
the commercial world and we take the lbsry OF bringing
IL before you We shsn feel obliged by early decision
and have the honor TO DO. nc. , ~
| 70 the Governor Of the Rank q EaslaaA. te.
| BANK OF ENGLAND, Feb. 2tt 1851
SIR have to acknowledge tho receipt Of your letter Of
the 10Th which insist that the Bank are bound
ard fneness at price calculated aer the rate Of CO It's
3D. for gold of dard neness. and support OF
| chap. 80, sect
In reply beg to state the Bank advised that the
Of that act that the Bank should pur-
chase geld buxton Of standard neness ut the rate Of fs
Cd OF Of such gold, and the ,nk cannot hold them
selves under obligation 10 purchase gold Of any other ns
ness. =.
In reference to your further observations must add
that you mistaken the intent ascribs to the
the referred to- Prior TO the passing OF
that act Bank had established the practice Of buying
bullion the rate of GO lis. 81 OF. Of standard gold,
the difference Of N between ths and the mint price
being the equya benefit the purchaser Of
esvBg mia money without the loss OF interest during the
process Of coinage at the Mint This pratcs aud the
eqBspt law had reference to bullion Of the standard
ussd at the Mint.
The Bank have not at any time considered themselves
bour to buy than standard gold but lsns
tho Mint gold Of various the Bank pub-
lie convenisncs, ccAfomsd in their practice New that
the refuses to receive gold not of standard nae
ness Bank compelled TO require the sellers Of gold
expense Of bringing their bullion to that nns
THOMAS HANKEY, ", Governor.
(,sorse Peabody ESQ