New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1852-04-05

view and in the contingency Of a var With settie-
nsu,s on either shore OF Lake Superior, uisas
become of great iTpoitaece ID ether country 10
bold IN its hands The hey OF Ieis lake.
Navigation ut this port has opened, but not al all
generally. Tire steamer that crosses 10 Rochester
has made ore trip returning yesterday Greater
facilities for rarisatiDe the weisad Canal are TO
be Obtained BY the erection Of tights to render I'M
necessary the stot page of vessels By night The
steam tugs tina: have been provided for the last two
o. AsoEs tor tossing vessels on the Upper g Law
renee, no ion ger 10 be provided by the Govern
nent. The plan worked very badly; constant
con ANTS were made to the Government OF
The detention OF vessels owing TO the ineffi-
cheney Of the sus.ooais. The delay IN making
pursued for the las. two years 10 complained OF az
likely to throw all the business into the hands OF
few large forwarters who will thereby be enabled
heve the Nonueal Board Of Trade, forw srders who
took down -four from this city 10 Montreal, last
year, for tenpence to shilling barrel, nov refuse
10 make contrsctsst one shilling and slxpence.
The malicious run upon the City Bank OF Montreal
has entirely ceased. There was ple1y OF specie,
and If there had not the vaults Of the other banks
would have been available for their managers IN.
panic of this nature from becoming general.
The safety OF our banks consists In then absolute
inability 70 keep out any considerable amount OF
paper, were they ever 20 much Imposed. The range
Of iheir circulation being prescribed oy an lnconsid
cradle population, the want OF vast settled country
such az The United States possess and the absence OF
any great manufactures TO absorb the currency.
when ii reaches certain amount their paper returns
upon them as soon az it il Issued because Is the
interest Of each rival bank hunt up the the notes
OF its neisbbor. And IL surprising ho ~ small 10
he amount OF paper they can keep In circulation
uLder the pressure OF these circumstances. The
circulstionsof some 10 restricted 10 about ore ffth
Of their paid up capital And soft must continue till
the banks reduce their superaoundant capital which
s alto ge,ber disproportioned to the business they
can co. For instance, there IL a bank with paid
up capital of Two And half millions Of dollars II 1t
issues than half . million dollars OF paper
promises, they come back to 1t fat as Il gives
them out Ii drought to dead LOCK, and II ceases
30 be rs interest TO discount, and consequently re-
fuses discount the best paper be presented
to II, 10 the extent Of i've hundred dollars. Al
all events this guarantee Of safety to the public
though rot OF profit 70 the stockholders.
For the past few DAYS there have been rumofs,
ard dtniais, tina! LORD Egm has rendered his resg-
nation o. the Governor Geuerashp Of British North
America. The balance OF evidence goes TO negative
the original state ment
Inspector. General Hincks has commenced Grim.
inal prosecution against certain parties who, for
election purposes, forged string Of letters, which, II
true, would have convicted him OF the grossest cor
iupton as Minister OF the Crown. He has made
affidavit that none of the letters signed BY his
were written BY him.
There exists strong desre to see the price OF the
pubic lands reduced, 20 actual settlers, to lover
fsue and II is understood In wellintormed qasr-
ters that the Government has determined to submit
10 Parliament scheme for reducing the price. In
instances sell higher than the United States
Why should wet No one gives q satisfactory an.
swJ. 1t Is also highly probable, il we TO regard
the hints thrown out in certain quarters AZ in any
way authoritative that plans will be taken directing
emigration in way different from that in which Il
has hitherto been. Agents will probably be sent to
Liverpool and some other principal ports, with a
view of pointing out to emigrants the peculiar adj
vantsges which Canada IL supposed to possess.
While the exodus from Ireland continues, why
should not we avail oft L.