New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-01-11

Of Ill.nOs ss ioliogs:
Inc financial aasrsof the State are n prosp Gas
condition. and with nc sdrerse fortune 20 eneek .r f
,re progress may ndHlge ths expeetsSon thst the
sat- win within sve Tears be sbe % eSs he entire
ir,eres, upon the pablo dsbt sc sceT annnsly,
without resortine 70 an ibcrease q tsxSInn-
With the al % be derived from the tEO mi aN 81
tic min and hsif TAX both q which ere spechcaiy
sTprOpriated % the principal interest oi the p4l-c
de5t Together xrh the yearly iBcrease OF t.e &C.
smosn- Of rgveuoe Tossing into inc pubic 1919
from tie rapid sccarnziation Of taxAbe pIop''y
tcularfy Of layds with ruch other nlearls a m ~ -
under u control snd subject ~ ftgro-a W ~ -
aonaby hope 70 be able 70 redeem arg yt'yls -
the pubic deb. before the tine a. ~nl1a III
Jn61rg frorn the sale. 81 the canal landa ann 19.
eos Of he parcfsse money over taeE ollslt-V
prssed value, and taking mo Sasa,d
rrsry va1issle lands and town lots remaining moi
TI h ,yes.est confidence that these Wiz nc inc01
from the canal win ultiuis,e,y 60 very iaF 'o"s'u '
HauidAton Of the canal deot go. A.. rsf.-.b
TbeTe win he In the treasury the brst dAy OF llt
nevf over end above Whist vii be requlred 20 moi Al
ne exufrses OF the Sttfe Government ~ al = ueP
n1ents snd the lerslatiOn appropri nom aIeuy
suruIrs of more than slveOyh or SUN il'7liy 'u-
c,tt 10 meet an the Government expenses Tor ne net
two years withou, drawing upon The incoming r,
According 20 the present rate Of axai)n zoe suip~s ~
tle future a, the close Of each year vii eNceed ne
en- cunt in the Treasury N rle same Proporuon =
the revenue ncreases provided the legislative spprop
aiions confined soey within the Necessary hiniis o.
expenditure. -
Duriug the la. YEAR, the yearly increase IN the
amount Of revenue received INTO the Treasury has nn
very large by far exceed ne the expectations OF to-
who have had their attention more mmedaley uHe-.f
10 this subject That this increase viii he much eat1
for the future may be most confidently ezpectel nc
mill and hsE tax, which " exclusively approprlsp -
interest purpOses amounted in lsfl TO so Jb o. WINE
in 1851 had increased 70 500 m The two mill TAX
imposed by the fifteenth prticle of the Constitution vac
in 1890 e2l0 SOS %; In ISL amounted 10 e<33o5' 81
showing increase Of revenue OF near 81 per cent oI
the last year, In the yeGr lff5, the taxable prop
WV md
state amounted 20 $50 81 l6l Ia 1873 amounted 70
slO5S3215 2 In 1851, II hsd increased 70 si5'sle,'
Gq 30 beng an increase Of the taxable properly OF the
state in two year, Of e32 10000 81 per cent in the
two years This brief reference 20 the restve financial
property Of the STATE for few Of the past years - vel
calculated 20 lend encouragement 70 our ciuzen' mat
the time y not far distant when they win he relieved o.
the burden Of public debt which the blind eStrsya
rance Of former years entaled upon US.
The Bank Department at Albany gives no
tee that the notes Of the following indi Banks
nust be presented for redemption on or before the
time low stated Sullivan County Bsnkr Monticello
Aug II. 1854 CORTLAND County Bank, Ashford Dec
], lst3 Warren County Bank Johnsburg NOV :,
1853 The finances Of the State Of Kentucky accord
ing 70 the Anditors Report sre in hourishing con1
ton. The annual revenue for the year ending iV'h
October, 1852 was S7s3ss5 and the expenditure
s72i6e5 Balance in the Treasury sJ9,lso. The state
Sinking Fund has also received si0Sl3 from taxes
and DIVIDEND.
We annex the Usuy Bib introduced into our
Legislature by Mr.. Gale
ANACT
TO PROMPT PERSONS PLEADING rSuRY N CERTAIN
TIE Peopic Of sc sc,e Of Nex York reyoseEios n &a
s,e aad Assoabiy do eaGoi a. f0lOos
SECTION !. No grant transfer, bond, note, uiu al OK
change contract agreement loan, or iorbearance
Of any money, goods thnc1 in action shall be VOID,
by reason Of any paying or receiving or agreencnt 70
u nv n
agree upon provided, the time 70 run OF such grant
transfer bond, note bill q exchange, contract agree
men', or loan or iOrbcarance Of any MONEY goof or
thinrs in rction shah not exceed twelve mJnths. And
tso proyided that nothing IN this set shan be go con
struod to authorize any bank any other corporation
20 make any loan, " grant any discount ut ne rate o.
more tbGn seven per cent per annum nor sha! Il DC
lawful TO take than that rate of interest on loans
upon mortgage Of real estate but such bsnk corpora
ton or loan upon mortgage Of real estate shan be sub
jet 70 The laws IN force ~ and Immediately before Tue
passage OF this act
src In all cases where the rate Of interest not
specified seven per cent interest per annum and a. that
rate only shsll be charged paid OF received.
SIC 2. No greater rate Of interest thsn seven pr
per snuun shall be charged any judgment after
the date Of the rendition thereof entered In any Of
the courts of thu state, although such Judgment may
be founded upon writing STIMULATING hShcf rate OF
interest
src SO much of title third chspter fourth end part
second Of the revised statute and much Of the laws
Of eighteen hundred and thirty seven chapter four hun
dred and thirty inconsistent with the provisions
OF this act are hereby repealed
SEC 3. This sct shall take effect Immediately.
At Boston, money easy at 6 u cent. The
STOCK market is active and firm. Manufacturing
Stocks continue to advance.
The annual abstract Of the returns from the
banks and saving Institutions Of Massachusetts, made
up TO September ls52 contains the following para
culars;
The whole number OF nanks in the STATE IL 49,, o.
A in no W
the circulation OF The Boston hanks v = i,19l %, do
circulation and deposts 81, 67s ~ DO specie on
hand s27si7e9 o. proportion OF circulation 70 sPeee
is S2gSl Of circulation 10 l OF specie proportion OF
circulation ard deposits % specic IL sb61r T. Inc
total amount Of tie circulation Of the country banks
sl2s67 as IS do. circulation AM deposits, u al,
s5 80 do specie hand, s51s,99o a. proportion OF
circulation 20 specie IS S65ls Of crculstion TO OF
specie proportion OF circulation and deposns TO sPeee
IL S22 ca 60 /.
Hence the total circulation l. S2l ~ 80 IS; do cir
culsnon and deposits, SEQ .395s3 "a DO. specie on
hand 81 G37S2 &C proportion q circulation 70 specie
e go TO do q; circulation and deposits 10 specie,
sl0l6s 10 I. The average per cent Of ercalsuon 70
specie In the city banks l. s. SOC 70 l do eoaniry
banks is Sl9t35 10 D. 90 all the banks, sl6is9 20 /.
The whole number o. savings Institutions Ia the state
is a. Of which sTe located Ia Boston Inc number OF
deposiors IN these Instructors % 80; amount o!
deposits sle,40l 307 -, which Is invested IN pubhc
funds bank ana railroad stock real estate, loans 70
counties towns, and individuals, &c with the cxeep
ten of Ss as - IN cash hand The rate o. divt
o. for the last year has been fraction over ieJ per
I couL snd the amount, : 01&6 9a The sveras an.
nusl per cent Of dividends OF the last I've year 30
helm fraction co The Snnus expenses Of these
| institutions have been $3.50 o..
\ decision has recently been made in the High
Court Of Errcrs and Appeals Of Mississippi wch sets
~ restthe question Of the legality Of the Planters Bank
! Bonds The Natchez Courier remark That thejudg-
meni oi the High Court IS We understsnd anal and the
Auditor s obliged Presentation Of eeEtlhed copy OF
and the honds ssue his warrants for the coupons
Smouni Of Interest due MlEch ]. ISL These coupons
AnogB; to s45o00 The state Is now usirg this sink
ing fund to pay is governmental expenses The priHe
pie OF this decision, should suppose VII also COM
pei The payment Of the September ls coupons after
I those Of March are paid.
The decision has rs greatest intere, in the fact thai
il settles, by solemn decision Of cur highest court the
legSAiy and eonsttutiopShy Of these bonds Hsdthcy