The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-23

gard 70 any road which may b built. runa.g p,
rallea with any ca nal Of the State.
O. Authorizes this Commissioners Of the Canal Fund "
provide for the enforcement Of this law and declares
penalty Of $500 each day any road neglects con.
ily with ia Dr. ovisions.
Provides that tho tolls thus collected shah belong 10
the Canal Fund and shall be applied to the three canals
named In the constitution.
s. This law shall not affect the baggage of passengers
unless II exceeds 100 lbs In weight.
o. Repeals the Tolls Exemption law of 1851.
TO- The o portion Of the law TO take effect ON the lse
Of May next
The effect Of this bill will without doubt be inju-
rious to the railroads named but it will be popular
measure with the rural districts 1t will undoubted-
ly pass the Senate. As soon as the canals OF this
State are enlarged and completed, this tax will be
repealed.
The city Of Newark is advertising for proposals
for loan Of fifty thousand dollars, redeemable IN
1850, in bonds Of 81 900 each, with coupons at
tached bearing interest at the rate of six per cont
per annum, payable semi-annually, either in New
ark or New York, at the option of the bidder
The Banking Committee in the Maine Legislature
has reported bills requiring monthly returns from
banks resolves in favor of thorough execution
Of the laws restricting banking corporations, and
bill to increase the capital Of the Merchants Bank,
at Bangor The petitioners for increase of capital
Of the Medomac Bank, Waldoboro; Bank Of Hal
lowell, and Northern Bank, Halowe.l; Bank Of Els
worth, and Bank of Waterville, and those for new
banks at Belfast, Pttston and Bangor-the last By
John VIM and others-had leave to withdraw, and
all the reports accepted, except that relating to
be Bank of Hallowell.
The Superintendent Of the Banking Department
has given notice thatthe notes of the Farmers Bank
Of Onondaga county which failed some time since.
will be redeemed out Of the trust funds On hand. a.
soon AZ said funds can DO converted into money.
Those funds according to the last annual statement
OF the Superintendent were Bonds and mortgages.
s50,3l7; New York State ives, s17 900; New York
State skies, So 900; United States ives, sl7,sOO;
United States skies, $4,000. Total, slO2, ILL., Cir
culation, ss1 900.
The return from the Bank of England for the
week ending the 26th of February, gives the follow
ing results when compared with the previous week
Public deposits . 81 c62 129 Increase 1924 90
Other deposits l23 SIS Increase. 3l5, COZ
Res. 1886 Decrease. 65,71S
On the other side OF the account
Government securities el3 s53 Decrease $40
Other securities IA 9.6 ga Increase. 74S,5l3
Notes unemployed..... 9G62,210 Decrease. 5,axs
The amount Of notes in circulation is Ell 900 $50,
being decrease CT coo G4O and the stock Of bullion
in both departments is Gls,19O,s sos, showing de-
crease Of fl23,sl2 when compared with the pre-
ceding return. This falling OFF had been anticipated.
but win be amply made up by the very large amounts
sent in to the Bank since the above report The in
crease in the private securities evidences an in
creased demand for money. The reserve shows .
slight decrease in the face of increased public and
private deposits.