The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-05-03
NEW YORK HERALD, SUNDAY, NAY 8 1851


and will appear In It's new name 10 next report 10
Take Ontario Bank" oewego, (Assoc.al oo3 "n'alN
Lima" Lima; Bank Of Euicou" JAnasses, M -
| Raplees Bank )" Dundee; and "BelEnger EsfA, ''N
burg, Individual banls,) have "ned their yspen a."
preparing to go into Operation. The ~oncrN *
County Bank" Syracuse, and Exchange Bsnx .,
Cenesee" Bisys have filed notice OF their in.e.toa
| "cloee Up"
The Legislature Of this State Al ts recent session pa~sed
the following important bill several versions
have been given to IT, none Il which correct and
| therefore give the bill entire;-
COMMERCIAL PAPo,
The People OF the State OF New York represented Senate
and Assembly do enact a.. follows
Fec T. All bills d exchange drafts drawn payable 1T
sight, atany place within this State shall be deemed due
and psysele On presentation without any days Of grace
sec p All checks bills Of excl ange or drafts appearing
on their face TO have been drawn upon bank upon
any banning association individual banker carrying on
banking business under act to authorize the bu ness
OF banking, which are their face payable any spe
cited day or IN any number of days after the date sight
thereof tha be deemed due and able the day
toned for the payment Of the same without any days of
grace beng allowed and shall be necessary protest
Sec. 81 Whenever the residence or place OF business
Of the e1dorser OF pronssory note Of the drawer
endosel OF Check drs or bill Of exchange shall be in
the city tr town, or whenever the city town indicated
under t endorsement signature Of such endorser
drawer rs bis or her place Of residence, whenever in
the absesce OF such Indication the city or town where
ouch endtrser or drawer from the best information OBJ
tanned by dilgent inquiry IL repued reside or havea
place OF business, shall he the city where
such proRssory note check, draft bill Of exchange
payable o legally presented for payment acceptance,
ali notice. Of non-paynent and Of non acceptance Of
such pron{ssory note, check, DRAFT or bill Of exchange
may be strvsd 6y deposting them, with the postage
soc ~ H post SS s Of ~, the city y u town
change payable legally presented for payment or
acceptance directed to the cndorser drawer such
Soc This act shall take effect tho first day OF July
next but shall moi apply to any bills OF exchange checks,
drafts or promssry notes bearing date prior 10 that no
The Pennsyivanis House Of Representatives have do
eaed the bills TO Increase the capital of the Msnufacurers
and Mechanics Bank and the Southwark Bank Of Phlsde
phis. The bill chsering the Hanover Bank was also kill
ed At the time the House passed bills charterng
the Crawford County Bank the Mexican County Bank and
the Lebanon Valley bank
The election for directors Of the Tehuanepeo Transit
Company WAS held at New Orleans the 10th Of April
and after animated contest the following ticket pre-
vailed by large ma oty: -Emle La Sere John NJ Bell
Alfred Penn, p 0. HILBERT, J. W. Burbrdge, William L
Stark, J. L. Warner, l.. G. Levy and Duncan F. Kenner
A correspondent Of the National State Department,
writing from Frankfort a. the Main on the 18th of March,
| says
German market The dsgust against the States lie gene
raj Our credit has been aen by the failure Of several
railroad companies to pay he interest their bonds and
much by the late reputation of the California loans.
Like many other stubborn people, the Germans cannot
think il lawful possible hat debt contracted by the
legal authorities OF State be declared invalid by
judge after having been vottd by Legislature and issued
| by government The holders of the stock here think
the general shotd endeavor 10 correct the
injustice Of such proceedngsas they seriously affect the
American character and heteby present obstacles to
noticed the vayares Of vitual States it might DO
| altogether wrong 10 do 50.
The following regulations hare Just boon issued by the
Director Of the Mint at Philadelphia
| kpI or TIM UsrrfD STATS
| I1ffA. Aprii ~. 1857 <
The Director OF tho Mint gives notice OF the following
reenaions for carrying into effect the "act relating to
foreign coins and 10 the coinage OF cents n the Mint o( tho
United states approved leo Il, 1861 scop, Of which
l. On and after the 18th day Of May next, applications
may be made at the Mint for CENTS OF the ISSUE
exchange for " the pieces commonly known as the quar-
ter, eighth and sxteenth OF the Spanish pillar dollar and
OF the Mexican dollar at the nominal rates Of % cents,
1917 cents, and o. cents respectively; or in exchange for
the copper cents heretofore issued and tho
applying Will be attended " in their order daily between
the hours Of nine and two O'Clock
OF FIVE dollars by count and for the present
exceeding hfy dollars; and In the case Of silver, thu
sizes denominations must be assorted and kept separate
that any package shall cdl1An exactly i've dol
s 1alipc thereof, of quarters; ofeghths
eenlhs Gre must also DO taken TO exclude from the sill
any othcr kinds Of coin than those specified In the law
memorandum label must be presented, showing tn,
value by count OF he pieces offered and the denosnns
tons thereof and In the case Of copper must state thai
they are lawful coin Of tho United States
Such pieces OF silver muulated or much worn
Counterfeit, viii not be received for The new cents bas
packages cntaning the same may be exchanged as
other Office the mint for silver coins OF the United States
To uncertainty to what parcels Containing
| mutiatod pieces or such ~ are worn smooh) viii
| be rejected, II may be stated that FIVE dol
| bars by count, OF quarter dollars, shall outweigh
"a 10 OF Unite states silver coins OF the present
standard the amount by count OF eighths shall
outweigh - 80; OF tho count oC sixtecnts shall
outweigh go they will be received at their nominal
uo n exchange for cents; and may disappont-
ment if hoers viii ascertain this before Offering them,
which may readily be done by tie OF ordinary ba-
| lance"
3 The reasonable expense Of transportation OF the new
cent OF hfy dellars, 10 any point accessible by
railroad ant steamboat, will be paid by the mint
Provision being made BY the sst fof the receipt oC tho
kinds of silver coin already specified Sat the Treasury
h0 United states and ia several oces and At the several
s, Offices and land Offices" Mt the rate Of twenty cents
FOR quarter Of dollar, tn cent, for eighth, and
vo cents for sixteenth with Wow ~ their transmits
sion the mint for reconage the coins transmitted will
be received al the mint nj ose rates the silver OF
the United States returned therefor and the expenses
transportation both ways viii be paid by the mint.
o. IN compliance with the sixth section Of the art when
the Treasury Department shall designate any "Ars
treasurer, Deposary, other officer Of the United
sass who shall be charged with tho business ~ making
exchanges OF the cent an shall issue drsf the
Treasurer OF the Mint In favor of such Officer able ia
cens of the issue the will lie transmitted ths
order &C the application and the expenses Of Transports.
! ticn viii be paid by the mint
g. To avud undue pressure NJ the outset and fur
thor some u the main objects og the law, the exchanges
for the preaen will only 10 made for tho silver coins spc-
ched and or the copper cents heretofore isued and dre
will be given when the mint IL ready ~ receive tho
gold and silver coins q the United States in exchange Toe
| the cents.
= The Spanish and Mexican silver coins will still BE-
csved hsrctofoe, by weight at the o 12 cents
per standard ounce In exchange for silver COINS Of the
United Saies at the option OF the holder but not IN less
sums than twenty dollars except that IL es parcel
t.ced when offered for cents, II may n trouble to The
holder, be presented Tor ercharge for silver.