New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-10-21

To rvass le4.ers b the s;e3r erpssss geue-ay the
zane opinion a. before h<s there VII be no var Ihs y
a. tie co.e va aO Tie general opnOn o. he y n All
the drsch announcing ;he declaration o. var ~ :as Sd
tan We, dscrtdted Il thong.tt 20 b the nvsn-on OF
grain srecuaiors the Continent Advi . I0n ClasAn
tnope os s.er day than the dsfe q ta aeged dsara
ton DO 70: confirm T. Tn London leiers pax Of Tnors
naury or american Securities bit the .al we're TO mod
crate extent Money was stated BE- moderately easy a.
tie bgh rate current and better times were ooked '' IN
der tie cessafon Of specie eIpors 70 the Continent an
Au,trGs and the arrivals from tie latter county "01
uus he verv large when the returns Of the large
~ tils, fur months begin 70 come home majority Of
II, letters We have are quite cheerful II theT zone
W. esrof no further mercantile failures Of any eose
ouence The interior oonfnues 70 pay mp nee'y anu We
,,s no house in the City whose business has DEN con
- ro,,.Iv finds any difficulty in meeting IL pay
-. Tte Money market continues TO be very stringent
A.. ,re foro lax Of confidence than real scarcity 81
roorev Little expansion by the Banks indicating hat
,t copsdered themselves sufficiently contracted would 20
t,o,rsrd revival Of that confidence and the Bank
b,lepces ere now wei drawn down and the receipts from
California supply the demand for gold for export this course
might perhaps be adopted with perfect saty more es
recaly as the BreadUf export continues 70 be large aud
every day brings u nearer the Cotton when the
movements in tie crop at the south viii iaFn'h
large supply Of Exchange Already the sales at New
Orleans are considerable and the rates Of Exchange are
declining Our Banks are now in loans nearly mon snd
lower than in September in 1852 while the aggre ate
cepal ten millions greater and the specie increased over
two AID han millions The Banks are certainly niteen
millions stronger than they at this time last year ana
with the strroacb OF the Cotton and large export
demand for our Bresdsus considerably enhanced prices
it would certainly appear that the future contained few or
no elements Of danger requiring still further conraeuon
Of the Banks
IL -, fhoW ~ nk
Statement It should be remarked that the amount stated
gives very aacous idea of the which the Banks
could be called upon pay under this head Thus hav
ING $1,000 balance deposit in the Bank Of America
draws check for 5000 in favor OF b. C., who deposits 1t
in the Bank of New York whence il goes TO the Bank
Of America in the exchanges next morning, where is
charged toA b. This amount of $1,000 thus appears in
the deposit accounts OF BOTH Banks while 1t really exists IN
only one To what this duplicating process s car
red not easy estimate but should not be sur
prsed If the amount of actual deposits did not exceed
s35Oo000O That is if al the deposits in the City should
be Withdrawn in one day the Banks would only be re
quired to pay s3OOOOOO instead Of sJ 100000 would
appear BY the Weekly Statement This view Of the matter
shows the Banks be thus much stronger than has been
generally supposed There is another point Of strength in
the position Of the Banks which overlooked by those who
only consider the cash immediate and that
that of the Discounts at least two millions in the aSgre
gate mature every day and at least probably as much more
of collection paper so that at least three millions should
be added 10 the mmed TO get at the actual ab
ity of the Banks to meet the immediate demands upon
them
II name Of the gentleman elected Treasurer Of the ud
son River Railroad is J. T Davenport and not Carpenter
as printed yesterday
The Stonngton Railroad Company have declared a semi
annual dividend of 81 2 cent. payable lst November
Which an increase the previous dividends The bust
ness of September S2964i showing gain of about
S. 500 the month last year This gain was made
on the Of fare &C. rule now The fares last
year reduced until October last year The business
ne the mat sir months has been