New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-08-31

,.or among the noneyed OF our City we give place
q, ,be ALLOWING suggestions by veteran banher OF hish
character and ample experience who cophahca'en lhi
70 TIE Courier AID Enquirer;
At the meeting Of Bank Officer held on luss1y,
r. arsfee consisting or Eve Caghiers was appointed %
49, AID yenort some new method for making the TX
eIanges and settling The Balances between me pas W
Il il CIV With all Difference to the talents ol VI. M
a. that Committee and great respect Tor men
,~ounjIy Outside barbarian though may be- desire 70
II their attention TO whG, conceive would Prov 70 ge
ominery safe, sound praeilG9oe ana aJ e1cf
"jsf;ce 10 an allude the plan proposed IN my Pc
Il ,us communication the main features o. which are s
creation Of an Exchange once ana BANK ~. b.,j
,ocon with each other with Treasurer al 'SI H5ii
nd ibe daily settlement Of balances IN specie lS
aone In the Exchsnge Office, as has been sta'el .. "
Lyman. would be to receive ~ an eng ty nou, =.
iue the exchanges from the different bank Pofer' sNhs
tIem credit in their pass books for ner rs7te, I'VE
amounts az the time those exchanges re Ssor'.u Elel
VOL sysomafized arrangement would De reahy ior az
IL, wy hort time. the return exchanges belngth
e.ac amount of exchanges received The operations N
the Treasury Department would be 10 receive ana yeIy
o. loss OF specie made by banks when they sholh DC
RI no Tor for greater amount than they had on de
no nc in the Treasury and to pay creator DalK7 'lch
noon of their deposits they night desire 10 transfer
H. ,hojr own vaults That may he fully undc STOOD et
,s the plan TO he in operation With say three MI
hons of srece N the Treasury belonging 70 me hlly1
banks of this City in various sums OF iroih zen 'anu
10 two hundred and fifty h'usand dollars each t1e ex
ehanr for the day made and 10 bank become Debtor
for n greater amount than it, balance ~ the treasury NO
movement OF specie takes place on llal d4y o me
millions Of dollars remain in the Treasury belonging 10
the same owners but an dlercnt oIaonfs, and inc same
NAV occur for successive days and even weeks Nhen
bafk becomes debtor for amount greater tnan rs oa
enI in the Treasury il should be bound to make Il good
Nv iepost in specie the day or IN deau hereoi 10
he stricken from the exchange lst
"1he Exchange Office and Treasury should be, az II
would undoubtedly suggest itself to the COMMITTEE IN con
nec,on with ore OF the Banks the Cashier or freden o
which should be the IreasureT ana made s ",,or If
saeEeeping Of the specie in the Treasury ms mher o
safety made satisfactory there is an end OF az dIcly n
carrying out arrangement which would produce On UNI
fOmity ard evennCss in banking beyond t ever yer d"
tanned in this city. In regard to the mater OF saeiy
zee no difficulty There are Bank vaults IN Wat as $;
cure as any Sub Treasury in existence and mere are BANK
Presidents and Cashiers overtowerng all susieon VINO
for adequate and proper compensation wonm sve le
ssary security TO silence oil doubts upon the suect
"A few words in regard to the expense .,,
lee Of Vault Exchange Office per annam ~.
One sp'ee CLERK per annuna 90
Six CLERKS egpIoeoe per annun' 5
Incdent Espenes per annan ~
81 do not pretend 10 accuracy in this estimate think
that Il is liberal $4,000 aggregate capitol OF SD
600 COO equal to the heh part oi one per cent or
less than for each Bank if paid equally, IS an insignia
cant amount even though il were doubled compared u
the beneficial results follow the adoption OF the plan
proposed and small when compared with the actual pocu
nix ~ saving that would accrue 10 the Banks by tins plan
all (iv Bank balances would become specie in the vaults
of the Treasury ard the weekly averages required to be
pullishcd would render tribute to whom it was due
"G,AH m1a Of H. Commhc:
III state moi 10 recommend tht course Nl.'i sii
strike at the of the evil frequent contraction and ex
Iansionso long niorwOyon with our banking system md
upon is adoption ycu viii b. haed a. bencacOrs Jour
poitcIY clerks terr, book Keepers and fellow cashiers
i0Id ycurstvCf for the great relief you VIII have afforded
Il en- and by The mercantile and trading community for
the lreaier urty they viii experience in thor business
traDsacons and in conclusion permit mc TO say You VIII
then have deprived The arrogant and supercOu' banker
Of excuse for declining to DO business Win ~ superior
Every respectfully, A BANK OFFICER
Wo cell attention TO an advertisement OF 100000 Seven
per Cent Convertible Mortgage Bonds Of tie Niagara Falls
Hydraulic Company.
The following the earnings Of the Michigan Central
Rahoad for the first three weeks in August