New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-12-29


lO ship Timber Bending Company lfu stock Ioets
Iii now thought that the telegraphic dispatches
and letters received here from Charleston few days
since, ntmsting the impeDdency Of serious CONNER
cia disasters in that city, were forgeres and por
ton Of systematic plan to bring about crisis
there The signatures to two three letters resolved
here by banks and bankers, purporting 10 be signed
by respectable houses in Charleston, and announcing
the failure of very leading house there, have been
examined and the conclusion is that the signatures
are false. Measures have been taken TO ascertain the
facts of the case. Full exposure should be made if
possible, of the villain who concocted this scheme, if
the letters should prove to have been forged.
The business at the Clearing House continues large,
being to-day sl9 634, 400. The rene wed activity in
stocks has something to do with this.
The Stockholders Of The Parker Vein Company are
subscribing quite freely to the organization to be
called the American Coal Company.
The Committee sf the Clearing. House, to whom
was committed the subject Of certiGca.ion have de-
cided to recommend a stamp to be used in common
by oil the Banks the name OF the Teller to be writ
ten plainly within the circle The certified checks to
be charged up at once, the came as If paid. One
OILY signature is to be use ] for tertifcation.
There are no symptoms in the street to indicate
any expansion OF loans the part of the Banks, bat
there is an additional supply OF money from other
quarters. There is good demand for first class pa
per at 1915 cent. with occasional transactions Of
favoTi.e names at 10 y cent Very good names sell,
however, at ls p cent. Leading stock.houses find
no difficulty in supplying their wants at p cent. on
call, but outside borrowers continue to pay large
rstes-2 to y cent. y month for tine loans. A con-
siderable amount Of New. York paper, belonging to
Philadelphia and Boston, is the market, which
sists in sustaining the rates.
Breads,uffs and Provisions continue buoyant with
good demand for export especially for the latter; but
Cotton is in better supply by recent receipts from the
South and is heavy.
The MilcaSkes Neus says that the Minnesota Rail
road Company, for whose benefit grant Of land
was made at the last session Of Congress, which
grant subsequently annulled at the session.
has gone and made its survey and taken possession Of
the land, Just a. though nothing in the world had
happened. The Company claims that Congress, after
having once made the grant, had no right to repeal
the act whereby it made, and the Supreme Court
of the State sustains them in the act.
I relation TO the Reading dividend, Tie Ledger
says:
There il no doubt, we suppose, of the fact that
the Road has earned very handsome profit over cur
rent expenditures. But the money Is understood not
10 be on hand. II has been used in absorbing the
floating debt of the Company which was very large,
and to carry which, at the very high rates of paper
current for the last half year more made sad in
roads on the profits Of the business of the Road The
last semiannual dividend was passed, and all the
revenues of the Company were applied to taking up
those expensive floating claims. Eight hundred
thousand to million Of dollars, understand have
been Equidated, leaving million more still out
standing. In July last, il was expected that dv-
dend could be made the coming January. That,
however. il is settled cannot be. The only ques
ton to determine is between stock dividend and
dividend at all The stockholders, at the annual
meeting, will probably have the matter submitted TO
them in 8 carefully prepared report
The Philadelphia Bagetis Acknowledges the in
efficiency offhe Mint in that city. 1t says:
1.-The designers Of the Mint seem 10 be utterly de-
fcent in originality and their issues far Inferior
both in design and execution, TO those of France and
England. The American coinage Of 1854 will be- re-
sardsd by posterity proof that We have advanced
NOT step in artistic skill Tor half century"
Remove the Mint to New-York and we will rem
ely all that
The new Cent is to contsin IS cent. OF copper,
cent Of tn, and y cent. Of zinc.