New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-21

Tie Bsnk Of America will pay the interest the
public debt Of Kentucky and the Merchants bsnk on
tset of Tennessee ard Alabama. Inc ssste OF Ala
bama ba. recently negotiated in this city loan OF
about 5000 0OO for the paymen. Of the January iner
est on its debt and oY the payment Of rtion of tie
principal overdue, to mature in q short time. The
STATE has thus promptly taken steps 10 maintain its
credit ard replace the funds already provided, but
rendered unavailable by the failure of banking
house with which they we're deposited. or the pro
ceeds of the rev loan 5000 in gold ives forwarded
TO Europe by the last steamer, and 100000 more
will 90 forward on Wednesday.
Mesrs. Il. w. Morse and W. p. Talboys have
f,imcd house ard taken Offices al No. AZ Wall street
ard No. IL William street, for the transaction Of
general banking and stock business.
TIE foreign news proved, according TO our anticpa'
tiops uch more favorable in financial point OF view
than was Indicated by the first brief dispatches There
il evidently an improving tendency in the money mar
kets, both of England and France, accompanied by
those peculiar features of spahy and ssgneton which
follow in the track Of wild and intense panic. We
bear also of fther failures because although money
accumuletes and grows abundant on securities which
public confidence adheres TO- /. is not tie less inao
cesibe in mercantile trassactions where it is most
reed ed TO sustain the trembling structures which credit
has raised. Distrust points its shsdowy finger at
houses aboring under heavy burdens, and monied men
shrink back from tie applications OF anxious borrowers,
who bsfI I'd and perplexed lay down, one after
other, ir The common grave Of bankruptcy. AL
this has beer witnessed here, and who have ast
passed through the storm, should understand It's ef
ecs when We hear its mutteiiogs frem the other eide
Ct The Atlantic. England and France have gone
through the ordeal and are recovering from lis effects
a. rapidly az could be expected. Germany has jus.
caught the full force of the hurricane, ard the
buIghers OF Hamburg betd and break under Il as
essy their younger and s1citabe brethren Of
the mercantile community in this country. Is unmiti
gated severity however is The sures sign OF speedy
recovery and we may presently expect TO hear Of an
easier feeling ard the commencement Of an improve
inert similar TO ths. witnessed here-more failures
perhaps but ceutrston at that point OF all the
Money resc urces which can be made available no.
TO be distributed through the channels of trade
which meanwhile, suffers aud ssg1a.es from its with
drawal but to be leaped up uselsssly until people
recover from their fright. From this stage-which lie
as cure to come az a1y Of the charges which mark
the course of weltknown fever are sare to follow
after the disease passes its critical poinwe come 10
the process of liquidation, the distribution Of prop
erty irstead Of money, and at lerg,h 10 the gradual
restoration of confidence ard credit. The first i'm.
pne unGer WITCH inon lEOuO.e OF thlS Cl6r
scteg is TO gather in all the money they can collect
the next to seek employment for l. in securities which
are deemed safe; hence, although general trade
largushes and merchants continue to suffer from the
copse quef oes of shattered credit witness rapid
advances in tie best classes of stock securities &C.
coupsnied BY sympathetic movements in those OF q
more speculative character To this msy be ascribed
the activity and advsrce in our stoek.market at q
time of universal dullness in trade.
Money is very abundant ia Wal strest, oa cal or
short time and Is offered freely on good State secur
ties at cent. S.ropg commercial signatures, which
ore very scarce, Sell steadily at from to 10 cent,
sad fair names which have stood the test of the crisis
W: hsut showing signs Of weakness cell at from l2 to
l5 These Are the highest quotations of the marks.
for psper which may properly be called sslabe among
careful lenders. Negotiations at the higher range Of
from u TO !. cent = month are in class of names
which have, comparatively speaking, but very iu-
tied msiket.
The Real Estate Bords oftas Benefontaine and Ia.
diana Rsikosi Company f.n due on the let Janzsy
reIt and The Traa.es act 10 funds 10 meet them.
TAf Company hLs Issued c-cul,r to the hondao.ders
sas'ps 10 pay 90 pe, sssi IN es'h ed tie Tsnssdu