New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-27
NEw.YoRK DAILY TRIBUNE FRIDAY, JULY a. 1880.


ing s~t,r[the wants Of the West are stintlngiy sup
rr-d by the New-Englond Banks Inc iosscs aai
~, ~ last Wi,ter have made the Yankee Banks
ind ana in some States the laws have been amenel
o "a 10 stop he osDing Of ,rge amounts on any ons
at ofrsmss, OF on y rue class OF s.curi'ies
"Tle Banis Of this State and the Wes' inu-t ne,es-
,;l, nererse u cir CT culao on, the country Will be
aooded with GcorLia and Tennessee money.
"The reduction of the currency for The past Twelve
=, on,hs Is in round numbers sbout ~ follows:
s.rTpsi,ud sI5ue roo Michigan 81 %. 90
S.w.Yofk. ........ 4oocoo Il iuos so 600
Oto..........'' S So NJ, o'ns'
Indiana bNV-u'v -
Tofsi........ - vVo'o
Tile Il crease during the next we've months must
recesparily be something like the folio wing;
New-Fussnd $lscc eco Neonsn.''''''' $1,000
NswYork...''.'' 9t ,S ,S yeoI...e Zoo 60
Ipfiars....... 40 90 Other States....... Is 600
lin E......'..s'.' -'oev'1N' :, - ono
considering the change which has come over the
fsce Of the country, this j. moderate estimate Con-
fderce IN paper money n-yer was netler man al ores
emit The defects in the Free Banking laws OF the
Yves, have been amended. even The live ans OF IT.
diana are now perfectly safe. The fact that the banks
throughout the ceunry except lsdianhl RODE Il the
siom of last Fall and Winter 80 successfully estao-
isles confidence N their omlses 10 pay, and tue GER
.autv that our exports will for year or two nearly
balance our Imports thus destroying the fear OF be tvy
specie era L. lays The fuu da0n for safe and profit
slle expansion of currency.
Pal er money l. the commercial lever Of this great
country; imports and exports are the power that move
tie lever specie il the fucrum hence, so long "a the
war continues and have good crops, the tulc um s
reliable ana the lever can be used 70 advantage and
profit"
Mr. g. F. Talmsn has resigned a. Director OF the
Erie Railroad Com oany and Mr.. Richard Lathers has
leen elected to fill the vacancy. Nr Lathers IS we
hear TO be President Of the Great Western Marine Ia
suranee Company, nov being gtnized in this City
with capital # million of dolIa $, Of which four
1 A. ios hanp hni off n
will be on the mutual principle, but the capital will
ali be paid up in cash. The lat Of Trustees includes
the strongest names we have ever seen Board of
| Directors.
The Board of Directors OF the New-York Central
Railroad; Company met at their office this morning
and declared dividend of 2 cent from the net
earnings of the road for he six months ending 3lst
july inst. Tie Albany Ereniag Journal says:
&" This dividend il able the Goth of August.
As lsrg, amount Of money belonging 10 the Central
is IN tie offices Of Western and Eastern Roads that
sell tcl ets over the Central and the earnings of
| January and July are not available for the payment
of dividends on the fra of February and August the
Rosrd Las established rule which makes their divi-
dends payable hereafter, on The 10th or 2eth
| les may happen, to avoid Sunday oil February aud
| THE working and results of the Central Railroad
for the lest six months have been highly sa,sac oy az
! a table that If preparing will show. After paying
/ interest on DOuut, ~ olhhhA iuhA'
| nayiug ali expenses and = cent dividend, there
/ ren ali = Of net profits a surplus of sl9,97i Al.
"Tbe tack throughout the whole line Is in perfect
order and large additions have been made TO the roll
/ ing stock. -, a.,
aThe Central Board of Directors started with the
settled purpose of either borrowing nor anticipating
/ funds f r the payment of dividends Whatever they
\ psy their stockholders will b. from actual earnings
actually on hard Ii has worked itself up to the mark
set for it by intelligent capitalists. II will hereafter
| dsctaree all lite responsibilities to the public, aud
return q cent per annum 10 its stockholders
The completion of the Troy and Gfeenlelt Railroad
lie secured. A meeting of the Directors held last
week, in Boston, and arrangements made by which
the whole six hundred thousand dollars of new stock
was taken up, ard directions given to proceed with
the work with vigor
A comparison of the footngs of the Weekly Bank
Statement Of the Boston Banks with those of the state
ment of the previous week. exhibits the folio wing re-
suits