New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-12-06

Decrease in 1914 "a
1he aggregate amount received for tolls from the
commencement Of navigation to November 3d. in
Same p:iicd Ia s57si Is
InSresse in ls55...................... SS,'i7S
In relation TO The jerome Clock Company OF Mr..
Barnun, The Bridgeport Farmer says-proosb'y
"by authority"
"Mr. Barnum agreed, in juno last, that II the
Ue~srp jerome would move part OF their estao
rnsnt 10 Bridge port and would all sign bond, lnd
vidusly, TO indemnify bin, be would indor;e taer
nsper 10 a GER ain amount. They did so and he per-
tnmed his promise which, however, was not made
mill be had been convinced, by the most crlucai
Examination of their books and AFFAIR.", that ther
properly was worth over 100000 more than their
liabilities The Jeromes had an immense amount OF
manufactured clocks on hand aid although toey are
now feirg $40 coo worth per mon n they found IL
Sicut 10 meet their notes wi bout getting paper dis-
counted at exorbtant rates OF Interest," Uhder tnese
circumstances they thought proper to ask an eIte"S0h
from their creditors 10 order to ao" them 10 convert
their goods into cash and pay their debts Their re-
uest has thus far been asseDtet to without an excep
Gon and there seems to be no DOUBT 'hst they wlii
now 20 along smoothly, soon be out OF deot, and
their stock be worth more than par within a short
4iue Meantime "Irapistan" stands totally free
from lien or mortgage, does all Mr. Barnurns prop"
ety in that vicinity, and IN tact he has not only
made no KIDD of move toward dsposng of any of his
properly 10 Connecticut, bat he also pledges himself
10 holo his entire estate ready TO make up any deh-
cheney that may he found to exist There however,
eppa, cd in several other enterprises Of the most
profitable description, and every dollar which they
realize from any source ia elgously devoted to the
exiting uisbment of the liabilities Of the Clock Con-
Papy."
Mr.. Thompson in an editorial in his Reporter, says:
"After much reflection, we have come TO the con-
cuson that the large banks should be prohibited from
mailing demand loans Our convictions are that
banks Of two millions capital should make no loans
short of sixty days; banks of one million capital thirty
Aayf; and banks Of half a million fifteen days All
smaller banks might be left without restraint for they
can do no great HARM Restrictions OF this character
would keep the bank, from an undue expansion, and
be perfect guard against sudden and violent con-
fractions. n ih such system of making loans, the
merchants chance for discounts would be decidedly
improved, and II would do more to stop ssock-gam-
bling than all the penal laws against time contracts"
Hwculd probably be difficult to enact a law upon
bis subject which coSd not DO evaded but the mser
d well worth consideration. II is very certain that
speculation In stocks IL largely fostsred by demand
loAns and that nearly every stngeney In the money
market 10 produced by Suddenly calling in call loa
which have been made, no. ID meet the wants Of the
commercial community, but to sustain movement ct
The Stock Board. The banks find 1t extremsiy con-
sn,e,t 20 have a. command csrsin portion Of their
Iosrs to meet contingencies at the same time tns tue
,nouev IL earning interest bat there is no question
That the mercantile community would be subject to
Ssu.r fluctuations if the banks kept themselves sut-
hcftHt tHOng, anu o"'J wv" NN~ ,~ -
isg for their regular customers.
We learn from Texas that bill has been introduced
Into the Legislature Of that State in accordance With
A.. .uvgestons contained in the Governors message,
for the of the law of Congress relative to
She payment Of Texas creditors.
The Boston Post says
"Tbe failure Of the Posdam Lumber Company Is
made public, with that of finn in this city aud an
ether in Dorchester dealing in lumbeI-asgregate
liabilities $3.50 0OO.'
Az Philadelphia paper of first class is 10 y cent and
n modera supply at Boston Money is quoted at
about the same rates, say from 10 to ~ cent for
VERY prime names and from Is 10 ls for fair notes.
The Banks are easier.
At New Orleans, 26tb, the Money market continues
easy. Good paper is sd9 cent. Exchange On the
North was y cent. Sterling 6aQ7 cent
A bill has passed one branch of the Missouri Legs
lature which authorizes the Governor upon the pro-
duction Of evidence of investment of any sum of
money In tie actual construction and equipment OF
he read to deliver bonds equal to "twioe the amount
$50 proven to have been invested in the construction
" and equipment Of said road" and this operation
b to be cor tnued until there is issued to the Pacific
Railroad Company the aggregate sum of 100000;
to the Hannibal and ST. Joseph Road o. 800 OOO to
the North Missouri Road e., OoO, oOO--of which
100000 is to be applied to the construction of the
road Forth of the junction with the Hannibal and St
Joseph RoaS; and to the Iron Mountain Road,
81 500, ooo-of which 81 900 900 to be applied
south of the Pilot Knob. The bonds TO be thirty year
bonds and not to bear higher interest than cent.
The Charleston Courier says of the public debs Of
South Carolina:
According 70 the books OF the loan office, the
7preeent public debt of South Cardinal SO Ss loo 49,
70 this says the Governor in his message, must be
added $500 600 the unit Of state subscription yet
10 be called for TO the Bue Ridge Railroad Company.
This viii give us, in prinuipsl 50 057 l56 - and an
uausl interest OF S72 40 6l If to this is sdded the
m of Al 900 900, the amount Of bonde of said
d my to be indoptd by the State, bearing 3 cent
eeet the entire debt of the State may be set down
NOsI 3d. with an al nual interest of s2l2 476 81.
VII 90 this is lncr ased a. it now probably will
be " another million for the competition of the State
capt. o. the whole debt will be s. Os7 $50 49, with an
annua iietertst of 1902 476 81
The governor OF Virgins, although he states that
the fn Woes Of he State are not in a very prosperous
conddo. sta'es that no apprehension need be felt
that the vale VIII meet ali It's liabilities. Some tenn
porsry los Us have been MADE The receipts OF the
-, x;tb We balance in the T, eAsury uers Al 10Y
30 ,le dt buisements sere s2,ls2 Sos Tba ,emno.
-, Loan W, u have TO be extended Sundrv nav.
,0s1,s far W. iioh appropriations had been made
.,0ountine 10 $4,000, had also been deferred.
IT, ;nterest On on the public debt the 6rst of
I..n.rv ia So 1000. The estimated rocsipts for
n.o.,oba, and j tDuary, during which time lsrge
nor,ion NJ the ~, enue is collected are - 10000
T1e nrhBc deb. has been increased in tao years by
ss COS 7o4 IL being st e close OF tie last hsca year.
a.. 7os s7e. OF productive stocks the fand for in
.err =, moroyem mt holds IS $685. $50 So yielding an
-. 4 n T.. i,fn~ al