New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-16

favorable feature of tha Coal trade exists IN the
fact that there is likely to be little or no overstock on
the opening Of the trade the coming Spring. Con-
sumption will 60 or; it is one of the things that
cannot be stopped for domestic purposes and for msn
ufacturing there is reason to believe that the
stagpaton and stoppage of mills, during the past few
months, will tend TO quicken and increase business
ext year. and therefore improve the demand for fuel
all which will beneet next seasons coal trade.
The Commissioners Of the General Land Office have
m de the subjcined decision preemption claims
upon lands reserved for railroad purposes, which will
be found Of general interest:
l. Presumption claims upon any lands withdrawn
from market for railroad PURPOSES where the settle
ments were made in good faith with the Government
before tie passage OF the law making the grant, and
prior TO the definite location" or surveying and
rtakpg Of Of the route of the road are subject to con-
summation within the period fixed by law Tor proving
up and entering offered and unoffered lands at
binary minimum Of 81 % per scre, and payment may
be made in specie with military bounty-land war
ants.
g After the survey and stalking off of any route,
the presumption right ceases on the railroad sections;
bu nom and after that date the United States reserved
sections within the six mile limits Of the route pre-
emptible at q minimum of 50 per till the date
of final settlement of the alternate sections to which
the railroad il entitled.
3 From the date Of the final allotment aforesaid till
the date of offering tie United States reserved sections
at public sale, presumption rights to lands in such
tiops canrot attach but after the offering the reserved
tectons again become preGmptble at q minimum of
az 81 per acre.
L. When the 81 50 mini nun attaches, bounty land
warrants under the act Of March 8 1855, cannot be
used in part payment there being an express inhibition
of such use in the statute but warrants issued under
prior acts of Congress may be so used-one warrant
only 20 be laid on srgle presumption claim at the
late Of 81 IS per acre, and the balance required to
make up the s. 50 to be paid in specie.
The Ledger Gays:
"Apd what are the Philadelphia banks doing in
reference TO the requirements of the sw the second
Monday in May next Are they acting with view
singy to the resumption on that day or before We
fear they have not been doing co. though We hope they
have eeun the necessity Of changing their policy IN
this respect portion Of our banks, we regret to
ray have not shaped their conduct though resump-
ton was positively to take place on the day nsmed
Several of them forgetting that their hrst grea' duty
was to the public in the shape OF sound and reliable
currency, have been iftenirg to individual cases Of
enhancement in relieving which they have increased
their business weakened their position as to the great
event in the future and thereby done wrong TO the
community. Our banks are not now in condition TO
afford relief in any quarter They have done toe
credit to borrowers to over $22 600 0O-thst is the
amount now due by borrowers to the banks Already
reaches that sum. Out of this amount they owe In
immediate liabilities over SIS, OOO 900 to pay which
they hold in coin The meager sum OF little more than
g. 0O0, COO.
Small az this amount of coin is $500 900 OF
is due to New.York, and will be called for immediate
ly on resumption Of specie payments that the coin
Of our banks to meet their demand s but about g.,
100 Q00-a little over Is cent of their liabilities. Is
this foundation which TO attempt to afford further
accommodations to the public We think not; and il
hey attempt it they viii prove themselves not only
ungratefu for lenercy in the past but unworthy of
oe nfdence in the future. No cOnsiderate man, what
ever his pecunaIy difficulties may be, when he knows
that the banks have trusted the community for more
than go 600 coo, will venture to ask that they should
do II is the bounden duty of the banks, IN the
face of The existing condition Of things to contract and
strengthen. The Legislature, at Its assembling, should
The examination which will probably be instituted,
shculd e1terd back beyond the period Of suspension
and such banks a. shal show that they have made
proper provision 10 comply with the lsw altered for
their special convenience should be handed over &c
the exactons OF the violated law Of 1850. II is but
proper to remark, however, that only part Of our
banks hsve thus been trfng with their duty Several
Of them have been prudently Strengthening them-
selves, and their exhibit now shows them TO be in a
those should suffer with others which have recklessly
pursued policy 10 weaken, not only themselves but
all tho rest. We have no disposition to indvdusze
because We think oil have time to put themselves
right, but feel it duty to the community 70 do 90
the recusant banks longer neglect TO bring their cash
nesns more nearly on . footing with their demand
liabilities The true Office Of the banks is 10 serve
the community, and the rsatest service they can rem
der st this time is to restore the confidence they
to be the first 10 show their faith in the universe I'M
provement There ought to be no ehild pay sooe.
the matter. II the banks are unable 70 iaihh Iaen
bouIden dufy, let them be wound up
From TA Csaeisssns CssssA
IrrohTAsT To RIvER-CKsgI.IA csei1o N -