New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-02-21

70 Dc iet ID 'ne supply OF Exchanges.
! Freights are only moderately active
partly BY reason Of most Of the ships on the bert
being full. Engagements 1000 bales Cotton, I'd
| l,sOo Dos. Flour Is. Cd Grain, Sd. 400 ties Flax
seed 4s To LONDON 5000 bbs. Flour, Is. sd0as
To Glasgow, 300 tcs Beef, IS cd; $50 bales Cotton
to-; GOO bbls. Flour, Is. %. The Sewall was tn
ken up yesterday with full cargo OF Cotton. ant
the AMP Connecticut has a charter for Antwerp a
previous rates. To Havre the market is dull a
&C. lot Cotton, $6aSs for Rice, Bark &C. To Cali
fornia there is a fair business doing at 45G70c.
The receipts at the Sub-treasury were
sl2s,oOe Payments, $3,l52; Balance, $2,60O70.
There is still some doubt in regard to
the amount Of Gold to go by the Pacific, but il will
urcooo'edly be considerably less than was antici-
psted Late this afternoon $4a5 900 was engaged to
beincreased 500 OO0 or $500 e0o may be decided
in the morning by one of the leading Exchange
drawers II would appear now that the amount
Cannot exceed 100000 OF the shipment $4,000
is In California gold bars, and about $50 900 in the
80 dollar octagonal pieces of the California Assay
Office.
Money on call is still more abundant to-
day, although the Banks are not free lenders. The
street rate is 6a7 y cent on call and cas- p cent.
OF hrssclass short paper.
The contracts for the building of the
s.1th-av Railroad have been given out, and the
Road will be commenced as soon as the weather
viii permit
There having been some mlsunderstand-
ipr between the Troy & Client Road and the Troy
& Boston Road, in regard to the arrangement for
running track through the City of Troy, the action
NJ 40 itv uncilo NJ laet ha hpen ed
and last evening an entirely new arrangement was
passed, 10 the satisfaction of the Troy Gheni Co.
The Erie earnings may little exceed
$4,000 for February. The down freight business
is very large, and the passenger traffic is increasing.
IL WILDE seen by our market report that
the recent advance in freghts and the price Of bread
stufs has checked transactions The next arrival
from Liverpool will probably give the market another
start.
We ask the attention of the Capitalists
and Merchants of New-York to the annexed circu-
lar Of the Merchants Exchange Company:
Merchants Erchange-Ths property is advertised
for sale on the 10Th OF March, under decree OF
Court.
The amount due under the decree, with interest
to the middle of March, comprising the land mort
gage the first and second class Bonds, arrears of in.
terest the hrd class Bonds, with counsel fees and
taxed costs, lfter decucting the accumulation OF
rents in the hands OF the Mortgage In possession,
is Soiz,OVVV
above. =. 'e 5000
Making tota Indebtedness Of SS5O,000
Besiees the third class Bonds for $l6S000, bearing
" cent. interest," having seven years to run mn
The gross rental for the past year
Giving net rental, after deduc.ng all eI-
penses except interest. $4,000
With certainty that the ensuing year will be
al east. -soooVo
The interest al 6P cent on the above debt of
$s50,000, al a. 4 " cent. on the third class
Bonds OF $l6s0 900, is nearly -----.-....---- $4,000
Leaving net surplus of----------.......- $1,000
By the act of the Legislature OF 10Th April last,
he Company is authorized to borrow million of dol
lars, and its Bonds therefor, provided the writ
ten consent Of persons representing two-thirds Of
the stock be frat obtained Ii Is accordingly now
proposed to borrow the abovel amount of $3.50 ,000
md issue the Company's Bonds therefor, having
twenty years 10 run, and bearing u cent interest,
pyable half early, with the avalls Of which to pay
OF the debt The Bonds to be secured by a mort
fige on the land and building In the name OF three
Trustees, TO whom shall be paid, halfyeary. the
interest on this oar, together with the surplus
HE that shall remain after paying interest on the
oher Bonds of the Company, taxes, repairs and al
tTstiobs, and necessary expenses such surplus to
Constitute shaking fund in the hands of said Trus-
tees. But whenever, and as fast as this sinking
fund shall amount to 10 " cent. on the sum now
proposed to be borrowed, the same shall be applied
in part payment OF the Bonds issued for this loan,
until their hnal discharge or maturity
Aac as regards the third class Bonds for 6S 600,
due in 1882 IL is thought either that the holders will
be wiling to exchange them at maturity for Six per
cent Bones, or that money can then Dc borro we'd at
6 y cent to discharge them.
Ii confidently believed, that after the judgments
shall have been PAID off, by combination of inter-
eft and OF effort, not only could the annual expenses
OF the Exchange be diminished, but It's revenues
greatly augmented an increased rate OF suoscrlp.
ion could then readily be obtained for the large
rom, to which so much valuable space has been ap-
Idopriated and thus the surplus for the coming year
| fpm May next, might reasonably be estimated at
fpm $l2 COO to $l5OCO. III, however, the property
should be permitted 10 be sold under the Jutg nent
what would become Of the shts and interests OF the
| stockholders, and OF the third class bsncholden.
Nor is the mercantile community at large, without
an interest in this result 1t may be natural enough
fcr the second class bondhoIders to combine In aid
OF their private interests, and make good specula
ls,on bv purchasing the Exchange leaving the third
| class boldholders and stockholders TO their fate,
but where would be the assurance Ia such case that
| the building would be much longer used as Mer-
chants Exch angs" in the interest OF the ne
rossesfors should indicate some other more prOtta-
| BE appro priation of the building
In oder, therefore, to accomplish the Important
objects of dschaYgipg all the debts of the Merchants
FYchapee of preserving the present act of incorpo-
ration OF continuing the building for the object for
which it vas designed, and OF iesculng from total
| loss the stock of the Company the Directors submit
This nropOstion to the consideration Of the public.
BY order Of the Board OF Directors;
AUGUSTUS ScHELL, President.
| r.. c. MCCORMICK, oecreIdIy'
Ne,r- York, l9th Feb, 1859.
The receivers Of the New. York lnsur-
ance Company give notice that dividend of 80 per
cent. on the capital stock of the Company will be
paid on the sd inst
From the quarterly returns made to the
SUPERINTENDENT Of the Banking Department OF this
State, we have compiled the subJoined comparative
tables, showing the condition OF the Banks OF the
State of New-York at given periods designated oy
the State officers. The following exhibits the con-
di,ion Of the Banks on the morning of the 27th OIL
September, and the goth of December, 1851. Inc
September report embraces returns from 22o banks
and one Branch and the December report nom 2'O
| Ranks and one Branch. The Mcintyre Bank, Adj
rondack; Adams Bank, Ashford and Cortland Co.
Rank. were not called upon to report, they having