New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1853-04-19
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The Albany Journal furnishes the following sketch of
the provisions of the bill authorizing the Superintendent of
the Banking Department receive the Stocks OF the cities
of this State as security for circulating notes
The bill as passed. authorizes the Superintendent of the
Bank Department to receive the stocks of cities already
issued or authorized to be issued under the same eSa
tons that apply to State and United States stocks
II restricts cities in all future issues OF stocks to five
per cent upon their assessed valuation real and personal
and makes such stocks available Tor banking Two years
after they are issued
Bonds and mortgages where banks fail to redeem Their
notes be sold i'll the counties where the properly
situated
No bank can deposit than onequarter of the
for which they receive circulating notes III city
stocks 0nehalf of the securities OF all banks therefore,
be the stocks of the State of the United States
And may be in the city stocks and onequrter
In relation to this BIZ eIear from Albany that the Gov
emor has neither signed returned and that the Legs
lature having adjourned consequently the bill dies nau
raj death understood that the Governor would other
wise have vetoed it,
We also hear from Albany that it is under consideration
10 adopt the bonds of the Consolidated Central Roads
rs basis for bank circulation With proper restrictions
there could be nothing safer.
We annex the BILL just passed by the Legislature requir
ing more frequent Bank Statements.
% s sna Saas hs
The Pn1e Of the Stale Of ryeeuod Senate and rm
BY d. enact as Jel0Hs; -,
S e be made 70 the Of the BANKING
Bsnl Banking Associations and individual BANKERS
anler located and doing the City shall Pub
newspaper printed City be Sessnaed By the SupsIaten
statement under as Satn o. s aS or adna bsnE
mans the morning Of each day the week next
nd estieas to wit Avesssmen aud discounts
Such statement Published the of the bank
np 81
make the statement .s9 tas s 1 III an bank
banking asOcsCn OF ,odd9a Saaxes and
ssdsd sssnst and its any required BY
s - 1 ssS Ssan this shall
apply only to such banking associations ana 1aRS
a@sndsic thereto .,., first IN. thousand ,,b
hundred and three
AS there no repeal of theact requiring Quarterly state
ments these will also be made as before
The export ofmerchandse and produce last week amount
ed 10 81 437 6s2; making for two weeks s2e52ss
The Money market continues TO exhibit signs of ease,
,bbouob there is a fair demand Call loans per
cent mostly per cent Paper goes at per cent OF
frst class with considerable freedom
The earnings of the Central Ohio Road from st April to
9Th, were $3.50 81, showing an increased business
There are fair amount of orders for American Secur
ties by this steamer and several considerable negotiations
have been made today Of first class Railroad Bonds One
or two large negotiations progressing favoraby In
London at the latest date
Some ingots have made their annearance from the
mint They are stamped On one side with the weight and
fneness and the place Of manufacture and the other
paper containing the value Of the ngot in coin the mint
At Boston the money market is easier and the
per cent. The activity mining stocks continues.
Markets. CAREFULLY REPORTED FOR THr TRrnvsr
MONDAY, April le;
AsHEsThe market steady with fair demand Of 70 bbb
s ~ market very firm and sshs active sales to-day
SR AND MEA-Our market Tor Western and Flour
s were sellers at our inside for tbs
racine put in 6 the East home trade
s o &c ssot mainly 70 complete esso The settef grades