The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-02-26

Petitions to the Legislature have been pretty
freely circulated throughout the lower part Of the
city within the past three four days, and large
number of signatures have been obtained for the
purpose Of preventing certain bank from receiving
the bills Of many Of the banks in circulation pur
porting to be issued in Illinois, Indiana. and other
Western States This petition runs as follows
We, the undersigned merchants and others, doing
business in the CITY of New York understanding that Of
0rt being made to establish the circulation of the
bills Of many Of the banks Of purportinx
BIO Issued Illinois, Indiana, and other Western States
By procuring the consent Of one Of the New York City
Banks TO receive them deposit at discount Of three
quarters Of one per cent thereby securing the ndose
ment and aid Of such city bank to force this currency
the detrment of the circulation Of the banks of this
State hereby protest against such processing and
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the circulating bills Of the banks Of any other State At
greater rate o. discount than s fixed y law Tor the
their agencies. And your petitioners will ever pray.
It is our impression that the Legislature will take
this for just what it is worth. Why should not q
counter petition be got up to prohibit the Mstropo
tan Bank from taking the bills Of country banks at
discount There is law on our statute books pro-
hibiting the circulation Of the issues below the demo-
mination Of FIVE dollars, of any banks out Of the
State If this law was enforced, all would be right;
any and every section OF the Union, are circulated
here with impunity, any bank that will step forward
and improve or regulate this description Of currency
should be sustained AS for the merchants their wants
and wishes in this matter are of very little consequence
There is hardly one Of them that hesitates to pay
his butcher or his baker in the issues Of Illinois, In
diana, and Michigan banks: and 1t is the butcher,
the baker. the mechanic, and the laboring classes
generally, that we wish to protect The doubt and
uncertainty that exist regarding the issues of
tain banks located in the extreme west, frequently
induce holders who can i'll afford it, to sacrifice,
when in fact there Is no necessity for it. The policy
pursued by the American Exchange Bank will pre-.
vent all this. 1t is more or less than the system
adopted some time since by the Metropolitan Bank,
only it Ia more perfect more liberal, more compre-
hensive, and without those objections which the re-
stricted operations Of the Metropolitan have created
We trust the Legislature will thoroughly investigate
this matter, and not hastily act upon it,
A meeting Of the stockholders Of the st. Lawrence
Lead Mining Company has been called, for the pur
pose of enabling the trustees to present report of
the financial condition Of the company, with an &C
count of their visit to the mines and property in St.
Lawrence county. The meeting will be held at the
Office Of the company, on Monday, the 18th March
An election for directors Of the New York and
Virginia Steamship Company, for the ensuing year,
will be held at the company's Office, on Tuesday, the
lst Of March.
The Panama Railroad Company have called for the
fourth and fifth instruments ten dollars each on the
increased capital stock.
The capital stock of the New York and California
Steamship Company, amounting to 81 500, 900, has
been filed m and the books closed.
The annexed statement exhibits the quantity and
value of foreign dry goods entered at this port for
consumption, for warehousing, and the Withdrawals
from warehouse, during the week ending and nclud.
Ing Thursday, February oath, 1885,