The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1852-07-15

Decrease. Sl,3}l
The receipts up to the close of the first week in july
this year. less than in either Of the five previous
years. except 1850. Compared with Last the deficiency
this is great that doubt its being recovered before
the close Of navigation.
The decision of Judge Parker of the Supreme Court
vacsting the injunction the Metropolitan Bank,
granted by Judge Watson Of the court to restrain
that institution from buying receiving deposit,
bank paper at discount from its represented value
rot settle the questions at issue. We have doubt
tho contest will be ricd in shape. AL
the brokers In Wall street interested in this matter
and they pretty prolific in cxpedients they will
not give up easily Thus far the Metropolitan Bank
has the best Of it, Judge Parker has decided that the
bank has much right to discount the circulating notes
Of other banks the promissory notes of individual
This very important point gained but the brokers
may be satisfied with this Judges decision, and de-
termne to carry the question into higher court is
impression that there statute law Of this State
prohibiting the circulation of the issues Of foreign
banks within limits of lower denomination than five
doars-tbat the giver and receiver equally liable for
giving such bank notes currency and subject to the
penalty If our impression is correct one bills Of all
banks situated out of the State of lower denominations
than five dollars illegally circulated in the city and
State OF New York If this Law is still on the statutes it
should be enforced This question be easily settled
and we should like to the decision Of judge Of the
Supreme Court that point Banks in this State le
gay and circulate bills Of any denomination
but not with banks out of the State If such law still
exists should like to it enforced 1t would not be
exactly the thing for any bill brokers in Wall street to
in this matter for they daily In the habit Of
breaking the law with mpunty and cannot go into court
with clean hands, 1t should be tested in straight
forward way and whatever the result might be- all par
ties concerned should govern themselves accordingly The
Metropolitan Bank under the recent decision Of Judge
Parker will 20 it commenced but do not thinkit
will ncft the currency much until it attacks the banks
it, II now refuses take the bills Of any bank which
properly secured by deposit Of good stocks eav
ing all doubtful banks to prey upon the community and
put many of their worthless notes possible If
the Metropolitan Bank undertakes to improve the paper
currency Of the country it should adopt the system pur
sued by the Suffolk Bank Of Boston, and take the bills f
every specie paying bank offered long 1t continued
thsnstead of closing up at all these poor weak
banks, which will as soon they have put upon the
public many bills possible Voluntarily close their
doorthis Metropolitan Bank receives nothing but the
ssue Of the best banks in the country, and is doing
everything in it's power restrict the circulation of notes
which just good the gold itself This is the only
objection have to the regulating operations Of the Me-
tropolitan Bank, and that is sufficient.
The last annual report of the Eastern Railroad Com
psny gives the annexed statement Of earnings and expcn
ditucs in each Of the past two years.