New-York daily tribune., 1857-09-29

| Hour .......''..... bb!,. 81. aA 6l2i9l 3tj 0S5
Whsa, bush. OG7,.l5 57Asei 2l5 ~
Com ............. .bnsh. 4is 2ss es4 5o5 4SS W
Barley BUSH l7i,o.s 9i3""+ 49,
2As4o sssss 1ee
Po,t bb. 7G7s sOSi 65s
Batter ier.....'.........B,.' A3SSo ,sa,So s a,
| Cheese ..................bs. 2s7 800 lS,Je Pioo
:S ssS issssS s15fss 3 q
The Detroit ard Toledo Branch Of the Michigan
Southern Rosd rcw open for through business with
three trains daily Sundays excepted oai the two
points. Close connections are made at Toledo with all
important trains both from the East aud West.
| TIE Philadelphia Press (Forpey) objscts to the
calling Of special session of the Legislature 10 legal
ze the suspension of the PhilsGelphis Banks, and
ascrtes that suspension 70 the outrageous conduct of
the Ntw-York Banks in asking Philadephia to pay its
| debts. Tie Press says:
"New-York has lot suspended, and is trying TO
maintain her integrity at all hazards Her papers
full CT elimination of Pt iladephis for suspeHdng but
they should bear in mind that ell, or nearly all our
| troubles have from New. York. and that deeply
are grieved ct the suspension OF our Banks, IL
would have been douby base If We had not come for
ward 10 meet the demands Of our New York creditors
az time when our aid was most essential 10 them.
| We have not seen the first word of the "crini-
nation" spoken Of.
| The following il from The Chicago Press:
We Learn that on Wednesday the principal bankers
in ST. Louis by agreement threw out the bills of all
the banks in Illinois and Wisconsin. AS might have
been expected, great excitement prevailed In business
circles large Of the currency in circulation
| was composed OF Illinois money. One very large
hardware house at closed its DOORS and told ts
bankers that it would be impossible for it to meet its
maturing paper, if the ordinary currency for which
| goods could be sold were refused.
We give the information as We heard it, from what
We suppose 10 be an entirely reliable source. II is
sincerely to be hoped that our niormsntmsy be some
what mistaken.
One Of the Banks at Jsresvie is reported to have
been mobbed. The officers escaped with the assets
Of the Bank.
The Philadelphia North american of to-day has an
announcement by authority of Gov. Pollock, that he
has determined TO convene extra session of the
Legislature on the 9th Of October. The North An1eyi.
can says:
Under the peculiar stringency Of the banking laws
of the State even the partial suspension which has
occurred is attended by penalties and by consequences
which, u,less promptly relieved by the power from
and ruin not only through this community, but through
the whole State. From the nsture OF our system of
credits the interests OF the banks and the people
intimately interviewer, thst at time Ike this, they
could not be rudely separated without nictng perma
nent injury and increasing the effects of disaster
which, with prudence and sagacity, may be stayed so
a. to be but temporary.
From The State Of Maine POytioad
We are confirmed IN the views recently expressed
BY a. that in Maine less strpgency is felt than else
where, and business is gradually improving. This is
especially the case with Portland. There is q per-
ceptbe Increase Of trade, and al new business is sat
afactory and profitable. Those embarrassed with en-
essements Of former years must sell their property at
q diacount from the prices of 1853 and 1854, end OBJ
serve caution in the creation Of new debts
Those out of debt find the times sufficiently essy
There is less cal for money in Portland Than is usual
At ths season Of the year.
Fyo~ The Boston Posi-.
Hnfk nv vii n
question, so far as the money market and general
stability concerned. We come, then, to Boston.
What is our own condition Within one week
banks have gained s375 s. 200 in specie. On Saturday
they held the comparatively respectable sum OF
s. l9 2C0 with New York exchauge in favor of STATE
,reet, liberal supply Of New-York funds in hand,
us $500 eco TO 800 600 additional of NewYork funds
CT gold. II nothing happens, our banks will hold
above 600 900 by the close of the current week acd
will be able to discount considerably for their custom
In fact their specie increased last week they
were able TO do something, especially for the smaller
dealers, that materially relieved many staanch and
worthy people.
Our ban ks have now made decided gain in coin,
and with ar other favorable week they will be pretty
well off They have taken the fret step to improve
uent and the market is doing well any
bic man can expect The improvement must be very
Glow especially in ts earlier stages. Money outside
Of the N.w-Yoik banks lie as tight as drum II Wall
street snd if our market be relaxed too suddenly,
tha again lose specie and have the WORK to do
that We nave Deen uolng tne last ioIInisn. Doston
must follow New-York in Improvement, in order to
baye the upIovemeI here permanent.
As far ss our banks aad money market are con-
cerned however confident the worst is passed,
and that small but decided Improvement Is visible
TO close observers.
From The Precedence Journal.
Now We undertake 10 say aid believe inst faccs and
figures warrant in saying, that the Banks%ot this
State are as sound and entitled to large confidence
as tLose of any State in the Union. Inc hablnes OF
the Banks of this Safe TO the public, that is, for their
circulation and deposits is probably smaller per cent
ace UPON the capital than tie liabilities OF the Banking
Institutions of any other section OF the country The
capital stock actually paid in, Of the hTty.Rne Banks
Of Providence, ssppears by the last retrns was IN
round numbers fourteen and a halt mluioss. Their
whole Gil icuatop sscertalned the 10th inst was
ore million hundred and sixty. eight thousand dol
Lam little than tptire per cent upon the capita
The total deposis Of these BaLks upon the day was
Que piOn elekt kHadred and eight thousand or less
than sgere and hdi per cent upon their capital To-
tai O. circulation snd deposits constituting their entire
liability to the public, three and ha DIaOHs dollars,
or lees than twenty five per cent upon their capital.
Now considering the fact that these Banks might lose
ee-fouitbs Of their entire capital and still meet ell
their liabilities the public, taken 10 connection with
sntther most mootant fact that the stockholders OF
esrly all these Banks individually liable Tor their
| debts and what in the shape Ct Bank bity can
he garded as sser The country Banks Of the State
vuulo probably show rather larger percentage Of
circulation and less percentage Of deposits In the
aggregate about the same percentage Of liability to
| the public.
TIE report of the circulation and deposits Of city
Bsnhs FIR which il debted tO the polite and
services Of Mr.. Hudson Of the BaIk OF North Amer
;ca compared with the same items n May last shows
reduction in circulation Of eight tnEdred tAox-
sand dollars and in deposits Q reduction OF nearly
four hund,ed and 6tty thousand dollars reduction