New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1854-11-27
.o.s soou,reo war utterly void and vested tie fan
.xr -.;,r M yigbt or interest whatever.

y a
snurious or fabricated stock IN relation to the Com
pGy 81, x,yL.t A. t.;,,;r a~e
chsroe,ble with any such notice If the character OF
he slock as will vary any rights which innocent hold
ers Of spurious stock may possess.
UpoD the first point Of examination the decision Is
in substance Of follows: That no right attached TO TIE
plaintiffs by reason Of the check OF X and u. L.
SCHUYLER for slo 900 upon the deposit made after the
pre eminent and refusal Of payment OF such check.
That the right Of the bank 10 retain the funds on de-
posit accrued on the 30th of June, 1854 and could
not be affected by a redemsDd Of the check on the
morning of the LIT Of July. That this right was not
affected or impaired by reason Of the stock notes
given upon the loan by the bank being on densnd,
and thai no express demand was proven, nor oy the
fact of the bank being in possession OF the socK as
collateral as well az having the money in hand.
Under the second head the facts attending the posses
sion and transfer Of the securities TO the pans ana
the nature and extent OF their apparent title 70 the three
hundred and seventy shsres OF stock, me supec Oh
the action are stated at length and Of great i'm
potsuce in determining the rights OF the parties IN
this particular respect but lot necessarily so upon the
general and great questions Ia the cause conclu-
sion IT, however stated that, IN no event couid Inc
plsntiffs recover without allowing the bank 10 deduct
The $40 GOETHE amount Of the check PAID upon the
arrangement. The principle OF rescision upon which
the plaintiffs proceed involves the principle OF
Alter reviewing the case deliberately, the Judge
says: ,..;.,o,
under the certificate and power taken by them from
Mr. Stevens the President of the Company TO be ad-
Mtted 40 shareholders in the capital Of the Company,
I'm common with all other shareholders whose rights
are admitted or shall be established aud that their
right is in proportion to such whole number OF holders
allotted upon capital of three million OF dollars.
at will be seen that this view Of the rights Of the
parties excludes any right 10 sue for damages, or to
sustain any action, except upon the ground OF com
mon ownership, unless, indeed, the Company refuse
admission. Whether in such case SUIT Tor dam
n mi L
The complaint dismissed, with costs
The Cincinnati, Hamilton and Dayton Railroad
earnings are as follows:
y::, s saa,s:s Nov issstlSss5ss
| Increase nearly IT q eent............ ss9b1s IS
The Androscoggin and Kennebec Railroad earned
in October sls sls &C. an increase of s3Go3 70 over
October, 1858.
The PENNSYLVANIA Central Road has an increase Of
nearly one million in its receipts last year. The
Vermont and Massachusetts, Road earned o. 900 more
in October than ip the came month last year.
The foreign advices are not very important and
some features are unfavorabe. Consols continue to
decline and LEFT OF at 90, Cotton steady
and Breadsuffs were easier to buy which latter is
favorable circumstance. Dear bread in England
must react unfavorably through the English Money
Market ON this country. The fall in Consols was the
result of the unfavorable accounts from the Crimea.
The necessity Of increasing The national debt was
being mooted and the opinion that the was TO be
long and expensive one was becoming quite gene
raj On Ii French Bourse funds had also met with
declire. Tie Money Market in London was reported
easy at 4I14J e cent. for good bills. There was but
little doing in American securities. The receipts oil
specie for the week Mt London were Is3 OoO and the
,bipuepts had been 49,, 00o The demand for gold
for the Continent was active again, mosty for Ham
burg The receipts Of gold from India were t2J1 o2o,
in gold mohurs. This gold, together with most OF
the fl35, 400 in dust, by the Francis henz, from
Melbourne was taken after the accounts Tor the week
were made up, also for the Continent.
The suspension of Messrs. Clay and Gilman,
respectabe mercantile firm was announced The
liabilities are not supposed to be large.
The monthly return of the Bank Of France shows
decrease of no less than 81 500 06o in the coin and
bullion, making total dminutUn OF 81, 10000 70
two months The total metallic stock of the Bank is
now f17 1872 Ss4 Tho bills discounted have increas
ed by $3.50 600. The balance standing at credit Of
government has increased by I5ls,2so, whilst the
| private deposits have diminished by fl72ooo. II
may be presumed that the decrease in the bullion Is
mainly caused by the drain of specie to the scene OF
war.
Anew French loan was expected Of ten or twenty
millions sterling.
At Boston The journal says:
more thoroughly uncomfortable and, dissgreeable
days are seldom passed in Money circles than yester-
day and to-day. The Banks, TO check the flow OF
coin, have to decided halt in discount accom-
uodstens. This sudden shutting OF the gates has
thrown unusually large number of borrowers into
the street at once, and the market temporarily a.
least, appears TO be satated with very good notes
| The range of discount is from ~ to 10 cent. A
! very fair class Of names can be obtained at IS.
! At Philadelphia The Ledger says:
1--WE know that our merchants suffering very
severely in the present striogehcy of the money mar
ket, and we know that they are submitting TO great
| sacrifices 10 maintain their credit"
The merchants of Philadelphia are now suffering
the penalties Of the long credits given last spring, in
order to entice away the trade of this City. The
Ledger also says:
THE failure of Reeves, Buck 4 Co. and OF Reeves,
Abbott 4 Co., opening up as their enterprise has, an
important OF wealth is great loss to the State
and will entail serious consequences many families
should there not be some arrangement effected that
msy reinstste the parties in credit and continue their
works in operation. Those firms the proprieors Of
three very extensive works, employing III all some
500 or 1000 operatives, numbering with their fan-
lies and those who are indirectly connected with the
works, some $4,000 or IS 900 persons. Should the
works stop entirely, and al this season of the year,
the pfivaon and suffering Of the thousands dependent
on them may be imagined. The Bridgeon n. j.
Works are devoted TO the manufacture of mills and
glass tools, and employ about 400 hands. The Pho
mxvle WORKS IN THIS State consist OF three furnsces
and mills for the manufacture of pig metal and rail
road iron, employing about 600 operatives. The
Safe Harbor Iron Works are in Lancaster County,
and consist of On anthracite furnace rail s,n sLd
feunsery, and give employment. TO come 500 hands.
The two last named works produce weekly about 600
tuns Of railroad iron and $50 tuns OF merchant bar
iron together Of the value Of eos 900 or SO 00O The
reader will see from this the importance TO the
monwealth as well to the very large number of de-
pendent persons, that these works should be con-
tDued in operation. 1t is also important TO the cred