The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-04-27
this port to-day amounted to sl7s AIT o. payments
s577 AIS 2sbalance, so 200 ST. OF the payments

this port to-day amounted to sl7s4 es: payments
$577, AIS 2S-baance 1851, 200 ST. OF the payments
$500 900 was transfer.
The mint commenced paying out the new silver coin
to-day Ten hundred and fifty thousand dollars in the
new coin were Iaid this morning to Messrs Adams Co.
for different parts of the country. We shall doubtless
have full supply of this coinage and it be
distrib uted expeditously through Messrs Adams
Co. than in any other way We understand the entire
force of the mint ia engaged in this coinage.
The steamship Humboldt at this port from Havrs and
Southampton brings four days later intelligence om all
parts OF Europe. In commercial matters there was
nothing new or important Quotations for cotton were
arm, and the demand steady. eadstus were dull and
depressed decline in wheat is reported. Supplies
large, and heavy arrivals anticipated In financial af
fairs the conversion of the public debt attracts the most
attention The Chancellor Of the Exchequer has slightly
modified some Of the most important points Of his first
proposition He now makes the following proposals -
The various minor three per cent stocks. amounting
IN all to about fl0 600 to be paid of-the hold
having the option before the Cd Of June nsx OF TAX
ing 2oo in cash for every floo stock or OF selecting In
2s2 los three and half per cent stock, guaranteed
against reduction of interest for forty years. and
which would yield f2 u.s. Cd per annum.
2l1O two half per stock also irredeemable for
esshsquey with bearing
at the rate of per cent for certain period which
yet to be decided but which will be under ten years. and
2H per cent thereafter.
This viii be the sole extent of the compulsory CONVEX
son-namey, f1o 100000: 1t is proposed however, to
allow the holders of Consols and Reduced which amount
to $500 600 Co., and constitute two thirds Of the national
debt, to convert their stock in similar manner within
certain limits, if they should see fit to do so.
Each holder is therefore have the option of commut
g the whole of his three per cents into three and half
Per cents at the rate Of floo Of the former for s2 1o
of the latterhis privilege being altogether without
sricon or he change them for clio two and half
per cents or for 2oo excheque bonds with the proyso
nto1 adAfao ofx
securities shall not exceed f30, 600, 000
The Free Banking bill has passed the Senate Of Louisi
ana, and will, without doubt, become law.
The Mechanics Banking Association has declared
semi annual dividend of four per cent? the State Bank
Georgia semi annual divnend Of five dollars per share;
the York Manufacturing Company dividend Of four per
cent $40 per shareD and the Nashua and Lowell Rail
road Company four per cent, (s4 per share)
The Trustees of the Mercantile Mutual Insurance Com
pany have declared dividend of thirtyhye per cent,
payable in scrip the 9th of May next Also interest
at the rate of SIX per cent per the outstanding
certificates of 1851 and 1852 will be paid at the
time; and the certificates Of 1851 and twenty-five per
cent of those of 1852 will be paid and cancelled on the
10th of August next.
We deem it proper to the Albany Extension certificate
holders Of the Harlem Railroad Company to say that at
the meeting Of the stockholders of this company held
last Friday, there stated by Mr. Schuyler the Pre-
crossing business of the company the Albany Exten
sion during the last six months that the next interest
due upon them will be paid in cash. This important fact
10 those holding these certificates Is very essential to
their understanding to know before exchanging seven
Ter cent certificates for the stock of the Harlem
which only pays four per cent. At this meeting it
out that English capitalists have been buying up the
stock and bonds Of this company, and request was
made by some Of the agents representing these parties in
London for adjournment that they may fuly ap.
prsed but it considered necessary, sufficient
public notice had been given, required by law.
The stock Of tobacco in the State warehouses in Bal
inspected last week. 9s6 hogshead inspected previously
1904 notwithstanding in ALL Il, $40 hogsheads Elk.
ported since January LIST to foreign ports S268 hogs
heads. Stock 10 warehouses and shipboard 9OSl
hogsheads.
The following bill passed the Senate of Maryland few
days since
ASSESSMENT OF BANK AND OTHER STOCKS
An Act to facilitate the assessment of the stocks OF
banks and other incorporated Institutions in the city of
Baltimore
Maryland That it shall be the duty Of the President
other proper officer of every bank and Of every othe
located or sacng
officer hereby required furnish to the Appea Court
Of the city Of baltimore on or before the fourth Monday
IF April in the year eighteen hundred and fifty three
and the second Monday of March in each year there
AFTER statement in writing of the amount Of the stock
of said bank other incorporated institution held by
each stakeholder who resides in the city of Baltimore
who is nonresident Of this State, far the same
Sec And be it enacted That It shall be the dutS Of
the President other proper officer of every savings
bank institution or other corporation located or trans
deposits and gives therefor certificates acknowledg
ments of deposits bearing interest to furnish to the Ap
April in the year eighteen hundred and fifty three and
the second Monday OF March, in each year thereafter
on the FIRST day Of March in said year were depostors
in such savings bank institution corporaton of the
amount held on said day on deposit for each
of this State SO far IS the same may be known to the
President or other officer as aforesaid.
sec B. And be it enacted, That in the President
or other proper officer Of any bank institution other
corporation, mentioned and described in this act shall
fail refuse to furnish the statement required by this
act to the Appeal Tax Court aforesaid before the
day hereinbefore specified for that purpose then for
ment shall be furnished, the said bank institution,
Gil of Baltimore the sum Of twenty Ave dollars.
Sec. And be it enacted, That it shall and may be law
full for any bank, institution, other corporation
toned described in this act agree in any year. with
of the capital stock Of such corporation Of the deposits
therein liable to taxation by the Mayor and City Council
the city taxes for the said on tie So agreed
and determined instead of being had to the
individual stockholders and depositors for the payment
of the said city taxes their shares Of stock their de-
posts and any corporation which shall have made any
such agreement any year shan be required in such
year to furnish the statement prescribed in this act and
shall be liable the penalties imposed by this act for
the failure refusal to furnish such state ment.
Sec s. And be IL enacted That this act shall take effect
from the passage thereof
bill has passed to its third reading in the Massacha
sets House of Representatives requiring each and all Of
the banks in the Commonwealth to constantly keep in
their vaults amount of specie equal ten per
pf their capital and that when, from any cause the
specie hand shall fall below that proportion all dis,
rountng shall until the requisite per centage shall
be attained.
The Finance Committee of the lower house Of the Legs
lature Of Massachusetts, have presented report show
ing the condition of the public finances the LIST Of
January 1853 appears by this report that that day
the State debt amounted to 1885, the State assets
1885,, 74a-lesvnga balance in favor Of the State
Of $40 oOO Various other Matters such funds public
lands and claims owned by the State which cannot be
called assets being either beyond present else