New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-07-12


From which will be that the decrease in receipts
amounts oo bales The decrease ia exports 70 Great
Britain s. CO.'S other foreign ports 600 Increase 70 France,
lt0 eco. Total decrease in exports, l9, 600 bales
The Bankers Convention reassembled at tho City
Hall, Syracuse, this morning at 9 o'clock.
Mr.. GnDoa, from the Committee appointed to pre-
pare plan for the redemption of the notes OF the
banks of the State, made q unanimous report, as
follows;
That common agency or clearing house for the
redemption of banknotes be established in the City of
New York that all the country banks, members of the
Association, transmit to such agency all their country
bank notes, for which they shall be credited
by the Agency the amount thereof, less ouequarter
OF per cent that such Agency shall return to each
member Of the Association its own notes, charging
them the amount thereof less oneh of one per cent,
the debtor Banks arranging with their corresponding
Banks in the City of New-Iork TO pay on the requi
shon Of the Manager of the Agency the balances due
30 creditor Banks to be paid by the Manager to their
credit in their corresponding Bank that each member
of the Association shall furnish TO the Agency
q moderate percentage on its circulation the
amount TO be hereafter hxed for the purpose
Of Tedetming such country bank-notes as shall
be offered otherwise than through the Associated
Banks, which notes shall be returned in the same
manner and at the same rates In case the necessary
expenses of the agency shall exceed its income from it's
business, such excess shall be assessed upon the mem
bers of the Association IN proportion 10 their rodemp
tons That il be referred 10 Committee of Five to
digest and propose detailed plan for carrying out the
above general propositions and TO submit the to
the several Banks for their approval and adopon and
that when the is adopted by at least fifty of the
Banks the Committee take the necessary for
putting the plan In operaton.
The report discussed at considerable length and
finally adopted without amendment. The following
Committee was appointed under the recommendation
Of the report; George W. Cuyler, George w. left,
George II. Mumfcrd, Hamilton White, f. b. Judson,
WIN. Il. Osborne and S. ID. Hungerford.
The Convention adjourned sine de. The most har-
monious feeling characterized the entire proceedings
The act which has passed the Connecticut Legisla-
tune authorizing the NewHaven Railroad Co. to set
ie the claims of the so-caed bad stock is in the fol-
lowing terms:
ResOire upon ne PeiOa Of s Gosve.oy, Se-Upou the pc
on Of 6. Grosyenor and Others 20 this General Assembly
besrips date the day of May, A. d. 1855 ana sp
Rsarn 20 TINS oeneIs AtaO ne e M oIA 40 NeN
pensive complicated suits and controversies growing OF
be frsuduIsnt and fraudulent practices by
Robert schuyler late President and Transfer Agent OF sad
Company, and IN other questions and controversies And
whe doubts have arisen the power Of the Directors Of
sad Company and other pGtes 10 sus settle compromise
and the matters and claims growing out of sad fraud
aforesaid Now therefore, Rerd b. tis dsse
sserIoS Th4, The Board Of Directors Of SID New-ioSk
and New Haven Railroad Company from add ater The passage
OF this resolve BE- and they are hereby Ay authorized And
vsbo and for the nteests Of said Company and the stock
holders ih,feoi TO sejs settle eoupromse aud compound
sao Cupsny rowns oat OF said conrover.es OF ia sny wise
connected sh the fraudulent issues OF certificates Of said stock
pan sane wsshsI the same b n nit Or o S 81 amy
Tor the papo.e q sSsh sus,msH settlement or so@prone
m addition 10 the bonds which said company shall be au
fhoIised hereafter 20 issue said Directors hereby fully "a
thorsed ana empowered increase capital Of
Company, 50 any time hereafter, from they
shsl deem exrcden 80 20 do 10 exceeding
mi on Of dollars, divided into shares hundred dollars
EACH in addition 70 the capital authorized BY aid
Company, and Issue tie same 10 such manner and
upon sueh terms and conditions IS they shall deem expeaen
AIRY law 70 the contrary Notwithstanding.
SEC That AL persons corporations associations and parties
whatsoever holding owning any Of the stock Com
pany relation The validity of which any question arisen
shs sr either In their night susdisns
chewe, In any fdpcsy capacity, % In any wise n,syessd