New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-01-16

PqnIy Bank 7l!,oos l5sS 4 ,533s55
Rrosduay Bsnk-....---- 32,Cli 1888 i-'8st
The amount of Specie in the above Banks eN-
cseds faur millions There are severalOfthe larg s,
Banks still 70 be addel-,he Merchant Bank ottae
State, America, Merchants Exchange, Me'ro23-
Titan, &c &c.
The earnings of the Ogdensburg Rail-
road in December were
Freight department -s2io5S -
Passenger Itment-.------------------ 80 W
Total. -SSgo ~ -
Earnings IN December, lsjl------------ lbs :
Increase over December, ls50-----.sll,75) o.
The following statement is from The
Boston Journal
The effect of the troubles between the Vernon.
Central Railroad Company and Mr.. Quincy mas
been 70 throw dscIedIt on nearly AL stock and bond
collateras.
a curious circumstance is reported to-day N re-
gard 10 some OF the Vermont Central Cohatsfh
Bonds pledged by Mr.. Quincy forth individual note.
IL appears hat broker, acting for the owner OF the
note, notified the Vermont Central Directors ina.
lie should sell the bonds, which. BY the way, are %
the 1855 issue. THIS morning one OF the Finance
Committee, acting AS tie Attorney o. the Corp0r-.
ton, sent a Nntlen and formal demf'l 10 me ol'-
ker for the delivery Of the bonds alleging wa, td
bonds were the property Of the Company. tle
broker, Of course, refused 20 comply, Hnereup)n
legal proceedings were - once Instituted Agdlns.
him, and MS properly attached 70 the amount o.
$4,000.
The message Of Gov. Fort of NeT-Jer-
sey states that sixteen banks have been formed un
der the Free Law Their Joint capital Is sl,4oj,o0o
Circulating notes have been Issued to them to the
amount OF sei6 sll, OF which Siislso have been re-
turned and cancelled making The present circula.
ton Of these banks $500 63 There are q incorpo-
rated banks IN the state. They have a capital O,
$3Gl9 500, with circulation nearly equal % tAei-
capital The Governor says:
recommend that al banks Of this state, chtr-
tered under special acts OF the Legislature, De re-
CURED within limited period 70 deposi, Win me
Treasurer or some other public cfirer an assign
ment Of stock, mortgages, or real estate elul- %
the amount OF he notes issued 10 taem, = oe h3ld
IN secuilty for their payment N the same no inltI
and under IKE provisions As The banks which haze
organized under The act % authorize the business
of banking Tais would place orr w.ole banning
system upon an, equal fOOnng, ant give % mat ga
bhty security Il peImaneecy SO au.h FED by
the public, ant go desirable oy "el GO idlct1-
banks
The Governor in1orses the system Of free bank.
ing with security for The circulating notes, IS re
only proper system, Dli pons Oh. many errors OF
detail Ia tie prfcenl las of TIE STATE, and suggests
the RENE les. one OF the most fragrant of these Ere
roIS, ID his view, rs The facilities Tor Locating banks n
The outof the-Hay p.l es, with view o. making B.
more difficult ~ present their ao-es n me c1lueE
for redemption IN relation 10 these, the Governor
remarks
The facility with which they may be organized
and located, without reference % the wants OF tie
community or The business Of the place, Is destrlct.
I've 81 an me juslutole ends OF legitimate banking
IN several instances one or more banks have been
located ia places di!cut OF access, and having very
hille communicate with ne improved AMI p'pl-
lous portions Of tie State. The tendency II not the
design Of this practice, Is - prevent applications
FOR Tie redemption OF the currency issued oy such
BANKS beng made no their counters or OstensIDle
places 81 business consequently the notes are r.
turned 70 the large cities On our borders, whence
they are no DOUBT originally lssuet.) and premium
charged Tor tneg redemption Those interested 10
these operations reap rich harvest OF profit Our
citizens, however, Tor whose benefit the l3V WAS
enacted, suffer more or less hy the depreciation o.
the notes. II Is question whether they vii not in
The aggregate lose as much annually by these
laws
Further legislation relative 70 the location OF
banks is recommended. ald also a legal provision
iequus an the banks 20 keep their notes AZ par n
the STATE Capital.
At Philadelphia The North Amsricqa
says
Money is ecideIly easier in some quarters The
commission houses are declining money AZ 100, ana
ne deposit lines Of some Of our Banks having
reached the turning point, steadily a4yanc-
ng Exchange on New-Yorz and Boston IS very
abundant and the pros Dcct Is that his STATE OF things
VIII continue until lst February.
The Ono State Journal gives synopsis
Of the Free Banking Law Of that State under which
several Banks have recently been Organized
three, may engage in the business % Banking uni-r
IL provisions aAd restrictions and requires capl.
tai stock ioT each Of not less than SOS 900 nor more
than ESQ COO 90 cent 10 be paid 10 before conmenc-
ing business. TIE notes 70 be engraved and printed
under the erection Of the Auditor Of state IA me
pest manner % guard aeailss cOunerfeiling 10 10 BE-
counteTYgnet. numbered and registered H. tse
AuoitoFs once and each denomination 20 be Of tue
same suulilluce
Toe notes are % be delivered 81 the Audit, 20 the
dilttlL OF ere e.Oth III f2l< 10 rf
STATES TIA setTe- 20 hin by any COMPANY nor more
han Three tunes lie amount % rs carital Stock
the stocks tran ,errcd 70 bear not more tntn their
marker value ana not more Than .heir par value
These s.ocss are 90 be held by TIE Andt5r OF sta.s
exclusively for The security Of the circulating n1tss
IN case of failure % redeem a8v - Ks Iores ga Ian
irl demand, the holder may prOtes. the same ari
hereafter sach oaaA cannot pay ouG any OF rs notes
discount any notes or bills or o.herNlse engage M
1Ae business OF banking. The Agli-or = 70 sell ths
SO As Transferred 70 MIN. Or En- mucl rs nav oe
necessary 10 redeem me Outstanding no.es OF laa
company.
i ne total receipts Of the Philadelphia.
Wilmington and Baltimore Road Tor the fiscal year
were. s5SJ 20 6
Total expenses. g-l tQ1 =
n, N.s receipts sgOl 80 q
lac total receipts OF the Newcastle
C company FER he same period go =
and OBSERVATION-DISCLOSURES. Is39s3 10 /
Supp ACKNOWLEDGEMENTS. 5000 a
srii surplus ---------..--....- 2lf So qs
d per cent. Oct. Isl and iax.....-- las 9as m 7
Wn,S S .,..s' o'tae Us $6sgIg %
Ne"'aSile Co...--------....- 900
- 5000 90 I
Wb,rh "a - s' "a oi,-.--.--..--.--.- S9-6 y
LIST report, S5i,9ll % 'V'A'' P'
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