New-York daily tribune., 1854-07-18

disruss Of securities which prevails renders difficult to
employ large halsnces We know oflaEge being Of
fred TO parties in whom the lenders have full confidence
at ard even cent end have TO think that
$500 occ lent in 80 days at still lower rate
Of interest TO Bank The paper brokers find bat mod
crate supply of desirable paper offering The rates 10
cent for fst-class, with occasional sale Of gilt
edged" at lower figure. Railroad acceptsnces Of
fered at 12als cent snd almost entirely unsaable
for the present. Some Of the Banks still taking Aug.
and Sept favorite signatures at eS7 cent The wants
Of merchants excepting for the payment Of duties
not very large
We hear rumor that Boston Bank President has
been using 100000 $4,000 of the funds of she Bank
for private purposes. He is, however il believed,
perfectly able to refund the money and If not the Bank
has surplus sufficient to cover the loss.
The Harlem Directors viii probably have a meeting
tomorrow 10 consider what shall be their action in the
matter Of the overissued stock There is good deal Of
anxiety in the street to know what this Company
and the New-Haven will adopt. An honorable sfan1
taken promptly by these Companies would 60 far to
strengthen the growing confidence of the public.
The aggregate Imports Of the year thus far at this port
s02 against slo5 746 in the same period
Of last year. The Exports Of merchandise have been
s37 ,es2,0 900 against s3O,7s5,34o.
The Courier and Enquirer speaks in the following glow
ing terms OF the prospects VI i"c '""'"''-
Northern Indiana Road:
nThe Michigan Southern and Northern Indiana Railroad
is a public work which commenced by faf-seelng
saeacty carried forward in spite Of obstacles and has
been crownsd with triumphant may therefore,
he ponted 10 As a model American enterprise; and We
with that our expended on western railroads could
always be udicousy placed as in this instance For
here is line from lake head to lake head plainly ind-
Gated by nature for great thorOughfare if river
ran where the rail. 1t is bridge across the
land unite two great inland at points destined to
- &Iofr. hfaf xparfa Of trad
t s also the natural highway Of that rapidly augment
ing volume Of travel which 70 come and go between the
the regions situated east and northeast Of the southern
protection Of Lake Erie to the seaboard on the one
side and the other, the prale realms which stretch
west and northwest of the southern extremity of Lake
Michigan to the Mississippi River and the Rocky Noun
taps The great northeast and north travel Of the
American States will naturally round the southern bend
Of these two lakes. This is moreover, the New-York
axis of trade the continents running through eve-
land Toledo Chicago, Rock Island and Council Bluffs;
and from point where leaves the Allegheny range
that where it strikes the South Pass of the Rocky Noun
tans not deviang much as thirty miles from an arr
line. . . ~ .
"Tbe western key Of this line Of road is the City of Chi
cago the population Of which s now abou. 10000 Less
than quarter of century ago it was wigwam; and in
less than quarter of a century hence 1t will be as large
as is now NewYork Toledo also at the other end of the
road occupies position with reference to Lake Ere
natural point of Capitalization and distribution Tor the
extent of country lying west and southwest and it
may therefore look forward TO similar prosperity. As
to the intervening country must say that we saw no
such length and breadth OF cultivated land on any west
ern road as on this
Michigan the whole distance is succession of magni-
cent timberlands and richly growing gran-ields Large
ranaries have been constructed at all the stations which
send market annually increasing agricultural sur
plus We counted along the line of the road upward OF
twenty fOnrshng towns; and as several OF theH are
county towns the intermediate travel must necessarily
be large The great movement on the road however IS
that of through passengers, the number of whom from
month TO month increases beyond all antcpatlons And
season. the speed with which the new Goshen branch
will be in connection with the northern division OF the
Cleveland and Toledo Railroad will render this still more
the favored of east and west travel for then the
distance between Chicago and Cleveland viii be reduced
TO ten hours Six degrees of longitude will be crossed in
al easy days ride The Mah,nng Road being also then
opened with its connections through 10 New York the
traveller win pass on one unbroken gauge ana possibly
without even change of care the magnificent distance
between the Mississippi at Rock Island and the Atlantic
New York in thirty hours. The capabilities of transit
this parallel of latitude will then be completely devei-
oped and the value of the investment of Newly Ork cap
al in the Michigan Southern and Northern Indiana Kali
roads viii then be fully realized.
One Of Bank officers refused to-day TO lend on Erie
stock on the ground that the certificate might not be
true one II Bank undertakes to dscredt all securities
in this way it may find that such conduct like curses
may come home TO roos. and that single interest can
be destroyed in this community without nacng deep in
Jury on other interests If the railroad interest is to be
left to 60 the wall utterly the reaction the bills receva-
bic of the Banks may be unfavorable Banks and
bankers will doubt find their best interests consulted
by adopting liberal in regard 10 loans and not
by checking the gradual return Of confidence which
rowso much needed.
The Cum5erlsnd Md Times says Of the Maryland
Coal Trade
"The celebration of the Fourth in the mining region
during the week ending The sh July, had the effect of
diminishing the usual amount of coal sent 20 the market
by than 1000 During the week ll3ll uns
passed over the Cumberland Company's railroad, and
640 tuns the Mt Savage eRailroad-makng 10 752ll
uns from the Frosibug region for the week and 100 s6i
uns for the year from that region. During the same time
4O6l tuns passed the Baltimore and Ohio Railroad
from the esenpor region making 39 tuns for year
from that region Amount for the week IRON the entire
region H. s0504 tuns against o9 tuns week previ-
ous OF which 9,sl7s went 10 market by railroad,
and 4ss7 by canal Total for the year 2s2, 4i3
tuns against 22l l rns up the same period last year
Thus appears that notwithstanding there was cessation
of mining during three months Of the present year there
has already been sent TO market nearly uns OF coal
more than during the time of the last"
The following table will show the discounts deposits,
circulation and specie Of the South Carolina banks:
Banks Discounts Deposits. Circulation Specie
ps,l af Statc 1 a