New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-07

eva stselOL, 10 inc ~
oro u I,, &c the banks b. of the fohei;n'e
beiI charters, IL Colsequeccs of :ne sGspshsloh %
,Dscie psyme-:s. We d no. know q 81 ire uoFsIn2
a adIte or what ;he Oaaks gill eek. II = Tepor'Sui
however that bill nc been prepared ct the n7i
& tie banks, BY three eminent lawyers OF tas Guy,
- h.ch i very lcrc, and involves, we feH ne 100
sry points q he satisfactorily disposed o: IN session
# sipg,e week. The less that j. asked OF me Legs
la,uIe and the lees the Legislature etempIs 20 40 7
bitter it strikes u.s. will il be fr the bEnks and tue
rnbc ar he more likely it that the relief rom ne
lei atty Of forfeiture Of charter will De gran'eu ~
s,nb that bill OF six lines would ans Sef al inc
geDc.s Of the occa>ion-t1at Il, the Legislature
it advisabe 10 co hipg b.ore the assem- 'lae
o' the teeulsT session in January ne1f. lie oil
that has btel prepared We are iDformed, does not
provide for full resunipon ct given day, oat for q
resumpton first or The s. bills, then on los suose-
qnerUy or the zs and 20 onefter which there sna De
10 bills lssusd il this State under the denomination OF
So This msy 90 very we'll 10. the pablo, perhaps,
81 may be satisfactory TO the city bsnks, that make
very little sccsurt Of their circuls.cs. But such oil
must expect to encounter the opposition OF the couay
profits. Consequently, that provl-l-n ID he onl Is
likely to be defeated. sspecisy at short eAua sss
sion. II also prov ides for the establishment Oh d
Clearing House, and the publication Of weehy sat-
ueIis similar TO those Of the City of Ne~-fo
These prov isions are all very well, and ri sd.aoe
tin igh be presented and urged With mIcA reason.
Tbis paper has contended for years for all The reio-
sugy esttd, and vii stil favor them. But We 40 nU'
low wish the legislative OF the public mind to pc I'll
verted fIom the one grand purpose OF the SESSION,
which is the enforcement OF the earliest posslole .
sumption II specie payments. we ~ou!u n .s ~
question, hc~ever right and proper IN ltseh come
between i and It's contamination. Inc oenhs
have banging over them very heavy penaiIy, anu
v nie There may be propnety ID not enforcing !
,o their humiliation, il should not be botted ron
the statute book bat suspended TO given DAY, On
conoi,ion that they then brlDg themselves Within ne
law y the resumption of all their obligations 10 Tue
pubIic-the principal OF which IS the pay ment OF az
!. l;.b;l i'm demand what time Sndu
be fixed for a resumption Is question on whicn .neIe
ma, be al honest difference OF opinion Inc fi,enus
of the banks have minated two periods-the ist o
Jnly ar d the LIST of April. Our neighbor OF ne BaI
I'm has named the time a. not later than the lst OF
March. The Ledger mas urged the lst OF eanusry
1ex as long enough for the city to suner uhdel Tue
odIu and inconvenience OF an iredeema Die currency
We have heard nothing from the banks nor seen shy
thing in the arguments of those urging the longest
time that has tended 70 weaken US III the opinion mat
resumption may be readily accomplished on the Isl
ton on which there may be difference OF opinion,
and which fair and full statement by the banks VIII
reconcile. The extra session had better 90 nothihg
than to attempt TO foresta the achon OF tne
session, by sanctioning heightened suspension.
From The baltimore Imsyiean, Oct g.
The Stock Market continues dull and heavy. The
aggregate of the operations to-day at the Board
only about 81 goo. There was some little movement
IN. day in Railroad Bonds. Financial matters remain
in mich the same condition as Saturday. The
Banks continue to discount literally and great part
of their customers in comparatively easy cOhol-
ton Parties however, who ale Obliged 70 go upon
the street for money find it difficult to obtain loans IN
less at high rates. The ruling rates on the street Tor
discounts are az y cent per month, ana paper can
not be reaoily placed under the latter hgure Loans
on call with prime collaterals can be made at
cent per month. Nsw.YOrk Exchange has been
selling to-day at $40 y cent and coin at ., and
y cent premium over Baltimore funds. virginia Bank
notes are quoted at p cent discount for the DID,
and 10 cent discount for these Of the independent
Banks The Mineral Bank of Cumberland is reported
today as having failed. The Marine Bank Of Baltl-
More has declared dividend of y cent for the last
From The Boston Post Oct 6.
Yesterday passed off quietly, although there was
large movement of money at the banks Inc NUMBER
Of notes falling due was very considerable but lew
went to protest. Almost nothing was Done IN money
in the street, and yet there is no decline In rates.
Money ia very difficult of access at any price, snd the
regular dealers doIg no business OF consequence
Several pieces of very strong paper were taken yeste
day at to q per cent. Taking the market generally,
however there utter absence of fevenshness aod
panic People feel if they had got through the
hardest week possible, and the feacnon ,ion Saul
DAYS excitement is il itseif equal to positively plea
s~yyab,e sensation Some remittaLces from the Cali
f,rna boat have already arrived. Inc receipts by
our banks yesterday from assistant treasury were
above 500 600 and small lots are known 10 De
ON the way from New-York. Comparatively small
in coin also were paid ont yesterday at the bank
counters Upon the whole, therefore, 1t seems PROB
able that specie has passed Its lowest point ine
hank discount of per carried through an
fuly in most of the Institutions. IL did deal OF good'
But the same policy must be continued aud as the
banks do all they can for each Other 1t VIII he iound
that in crisis they can De ah, n " sood tme
The silly stories about the Merchants bdnA nave
only resulted in inducing silly people to part with
few shares of stock which they cannot replace undef
large advance. There Il no sounder banking lnsti-
tntioe in the country or one managed with more SKILL
judgment and success. ,,,
lhe failures of Dutton Baldwin ana Macomosr,
commission house; Isaac H. Spring, ivory dealer
Blake Barnard and Co., agricultural Implements and
Charles Rice palm leaf, were announced to-day.
At the Brokers Board railroad shares were better;
Old Colony adv anced / Worcester, 81 fhare Su-
peror Mining Company tel on 1; Lnlsoalga e., anH
there were orders in market to buy at present Law
rates. ..u Al w.
arn Rank Springfield, Mass Bank OF North Ameri-
CO Seymour, Conn.,. Bridgeport City Bank, Bridge
Windham County Bank, Brooklyn, Conn.
From The Precedence Journal, Oct 6.
The hank, discounted yesterday more freely than
thev have before in lOIg time, chiefly TO those who
hau payments to make The rehei was quite sensible
and Encouraging We publish the statement OF the
condition of the DaHas on ns :,
tbar condition on the I'd Of May the date of their last
previous report Ii will be seen that their statement
Is an excellent one, and that they have greatly
strengthened themselves since May Their whole cir
cnaton Is less than 81 goo O00 and their circulation
in the hands of the public Is but little 81 100 900.
Their eatire liabilities to the public but about
s. 600 900, and have decreased 900 QUO since May,
and they have notes and bills Que ~ specispaying
places 70 the amount of over -, 5OO, 600.
STATEMENT OF The PROVIDENCE BANKS.
May 2, 1857. Sept o. 81.
c,nital ACKNOWLEDGEMENTS $50 $50 ~ IA 509 go 20
RilIs in circustion,....... 2573 $40 . 1888 SS5
500 75S " l925 li2 ~
Debts due TO other banks... 29S 799 Va l9L96l ~
R;u, receivable. o. ls480l6i SO
So. 2o,570 81 2fl sos
R,Is OF other banks......... O8sSl3 IS S3l,9sO
Drpo,t, In other bsbks...... 1851 % 657,il9 IS
Nj and hilla due ban b IN