New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-05-04

SILVER COINAGE.

70 or rrrIf chfesss.ssfs o. o.fs " ~ iff'' '
Tcia Coease......................... Sf0sio'E o'
The Animal Report Of he Controller Of Sacrl nento
states that the city debt the let Of A5rii amounted
70 81 l29 % On the lst Of July mex, the abui-
ties Il he ci,y exclu've ct manufacturing bonds, vii
smouotto sl5J 3l4 Al. Tae bonds falling due on hat
dae suouIt 10 sl3i $50 10, making the sun to.al OF
liabilities falling due on July l. 300 295 Is The
annual interest psid by the city fs bonds amolnts
TO sl46 OOO The anouh cost OF the city gosernr IS
put down at 500 Ot0--m,kpg total Of $40 900 Of
experfes The efls At receipts Of the year amount
70 1905 Geo.
The Chstbam Bark hss declared seni sunal diyi-
der Of 81 2 csrt payable on the nh int.
lie National Fire Insurance Company, senaa-
rual oiyiderd OF IS cent, payable on toe 9ih inst
On the 9Th April, TIE amount Of Government
stock bar k.noies sent in 10 the State Treasurer TO-
redtu ptiop wss ssl 222 and there we're sill twenty
four bours leff, during which no'es could be sent W.
Tie suount cf iuDds for the redemption OF these
notes il only $50 OC0. We hesr that in addition to
redeeuing $40 GOO Cor the Metropolitan Back at
about par the Treasurer has also redeemed for an
other city bank a, so cents on the dollar while me
dividend to the pablio a. large will not be mdcn ovef
IS cert on the dollar. The Detroit Ereaigg Tribune
ssys:
ct plain that there has been fraud somewhere
Of tie groftest kind and neglect OF duty quite As
gross al smost minal where there has not been
irsud We have not been willing % believe tn.t t1e
late State Treasurer bas been psrty 10 this radi
tIoHpgly but il IL claim thai II he had not bssn
culpahly negligent OF bis duties sulh an over's'ue
would never have been made. Mr. j {. Bailey. the
Assistant TreaBrer must come ia for q share Of the
moral responsibility OF bese frauds, az well az the
State Tr.asurer BekBap and Others. Had he faith
fslly Cischsrgtd bis whole duty toe bluntsrs De
Of 81 Uauii h.ve h1au ~
u great measure Bot the legal re-ponsbiiity for
be great l0ss 10 the public gbich must result from
his fraudulent over issne must rest u)on t1e shod
Cers Of tee STATE Treasurer hIWse no Sevss b"I 40
nay have been deceived b. sharper aud more ds-
toLest men.
A peson interested has obtained from the Express
Cor pspits a statement If the amount Of the notes
Of his BsIk carried from this City 10 Nj bgan since
its failure. As the entire circulation Of the Bank
was in this section OF the country, the amount 40
csuied should have comprised, within small
amount, the whole circulation. The Express Com
panes report s73 500, including the $4,000 belong
irg 10 the Metropolitan Bank This is very nearly
the amount which should have been our, and vent
forward 10 oderste amounts. i, would seem 70 fol-
low iesistibly, that any large smounis cent in for
redemption, which did not come from he East,
where the circulation Of TIE Bank belonged, must b.
Of the fraudulent issue; and The authorities Of Mich
gsn should take measures by legal process, TO trace
these lots snd if possible, detect the parties who
have been instrUme nal 10 defraudipg the public l.
is generally believed that the overssue vas msds
by sbsirsctDg from the State Treasures Office I'M
Cancelled ro;,s cent in for redemption when the Bank
was reducing lie circulation
A comparison Of the iootDgs Of the weekly bank
statement OF 'he Boeton Banks, pobisbei Wednes-
dsy, with those Of the statement for the previous
week exhibits The folio sno resulls.