New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-03-14

B.lsree...................... flO553l II
The total capital to Jan. is 50, COS, $780, of which
81 SOS us has been paid in Bonded debt $780, 900.
Floating debt, deducting assets, s63266o.
From Gov. Wrghts of Indana veto, it would
appear that the State Bank bill contains many queer
provisions The Governor says:
"The bank is authorized to receive on deposit
money bullion plate and other articles Of rdlue Of
small buik upon such terms as may be agreed on be-
tween the parties; and the bank has night TO dis
count paper TO the amount OF three tunes the amount
Of the capital stock pad l and three tunes the amount
Of the deposits. Thus the bank would seem to be left
10 determine what valuable articles, other than
moneys bullion and plate provided they be OF small
bulk and also their value, without reference to their
imme date convertibty into money, and might dis
count TO an amount equal TO three times such assumed
value as well three times the value OF the capital
stock and other deposits. In case of financial crisis,
what kind of security is furnished for the redemption
of the paper The security of issues resting on
such basic is altogether ilusory. II is believed,
too that the right TO emit so large an issue of paper,
upon such an amount and kind of securities, is unpa-
raleed in the history Of legislation
Ii this extract gives correct idea OF the laT we
are not surprised TO hear that the friends Of sound
banking, the owners Of the present State Bank, will
decline to reorganize under the new law.
The Ner- Orleans PicoyuHe, Of the Sd inst, says:
1.-THE sum of two millions and q half was paid into
Bark 10 day without default. This affords the most
substantial commentary on the strength and soveucy
of our commercial community. A large portion Of
the engagements consisted of direct advances without
values in hand, and when il is borne in mind that
since the beginning Of the the credit OF our
merchants has been repeatedly tested in this shape,
will be conceded that We have some reason 10 boast
Of the comparative with which financial difcul-
ties of no ordinary weight hsve been surnounted.
Up TO the middle of the month, and even beyond the
payments will be very heavy, but we have good res
son believe that notwithstanding the drawbacks %
frequently alluded to, they will be promptly met
"The Money market to day was dull, bat there was
go pressure for accommodation. The engagements
having all been provided for, we did not hear OF any
negotiations Of consequence Some prime long paper
was passed off at l06l0l 4 cent, but beyond this
nothing Of note traDspired. The banks discount
freely all the good offerings and are moreover in
very snug position. We have gratifying change 70
rote in the weather II is now raining hard with a
souihery wind, and if it only holds on for day or
two, We may expect resumption OF navigation IN
every quarter This all that is needed TO get US out
of the woods and when once We have the assurance
that tie cotton and other stufs coming forward We
shall brighten up amazingly"
Tie Boston Journal says;
"After the disastrous ason we have recently passed
through involving the ruin Of very many OF our mer-
chants and whose losses attributed 10 California
and Australia shipments one would naturally suppose
that men would hesitate before again embAkinS 30
madly in shipments tina. must prove disastrous. D4ily
observation however, justifes in believing that
either shippers acting upon the old sdage Of look
for money where you lose IT. or that an entire new
set of victims have sprung up. and have lately been
rushing il blind, 10 use Western saying, as you
may readily see from the following statistics. Ships
sailed from the Atlantic ports for California since No
vtmber lst period of four months, IS, being an av.
erage of nearly cargo every other day. And to sup
Div population Of 800 600 souls the following goods
have 6een shipped the pas. three months;