New-York daily tribune., 1857-10-03

We give below communication from MIR. John
McGee in relation to the banking system of this State
and more especially in regard to the Seuben County
Bank, with which he has been connected for the last
twenty five years.
Some of The Canadian Banks, including the British
North America have we understand, decided TO for
ward their bills for collection and order gold from Eng
land rather than eel at the present low rates. We
heard that several houses here expecting gold a.
an early day ordered here for the purchase Of pro-
duce, some of which, Il is not unlikely, will arrive
within fortnight.
An installment Of s. has been called upon what are
called the Canal rights of the Nicaragua Company.
The business of the Clearing House to-day was
S1i, ,9S5 600.
The aggregate amount Of colo in the repositories Of
the United States Treasury on the 2lst of September
az i6i, subject 10 draft. This is lower than it
has been for long time. OF this there was a. Boston
50 j39, New York ST. Go, ,997, Philadelphia s2,lG
OOi, Assay Office, New York. S2,3ii, 500, st. Louis
81 800 '6S, New0rlears SliS9,?67, San Francisco
| 81 100000.
There was deposited at the Mint of Philadelphia
during the month of September-in gold 81 3J2, 40,
and of silver bullion and Mexican CON- S13 i9O total
deposits Of coin for the month, including old cents
changed for new, $l,S!S,O7j. The coinage for the
same time was s99S 90 in double eagles, S237 900 in
quarter dollars and two millions four hundred and forty
cents-n ALL of the value of 81, ,2j9,fi
Ii believed that the depositoIs in the suspended
Farmers and Citizens Bank Of Williamsburgh will
suffer no loss. The deposits are 100000; the dis
count line So? 900, of which $22j 900 is considered
good.
The Bridgeport City Bank is stated to have resumed
payment here. A letter received here from good
idpDpo that tNn-thirda of the
Banks of Rhode Island opposed TO the suspension
Of specie payments and that the merchants are very
much dissatisfied.
The result of the meeting OF merchants at Boston to-
day was received with great satisfaction in Wall street.
The suspension Of the Boston Banks has been event
which has been dreaded for several days aud this
ton OF the merchants and the advices by letter. have
done much TO dissipate this fear.
The advicos by the Arabia received BY the Illinois
Central Railroad Company are very satisfactory The
EnsIsh stockholders received the advices of the in
staiment hvorably, and considerable portion of
had been paid in. Mr.. Osborn had made very
favorable impression and the fullest confidence was
expressed in the future of the road. So fully was this
the feeling that purchases of the stock were made in
London at par and premium, while the New-York
quotation was ~. The Illinois Company have credits
on the other side for half million of dollars, but the
eiihcuiy of selling Exchsage prevents the reaz alton
of the amount.
TIE loan for the Michigan Central Road, alluded to
yesterday, is for s. O0OOO0 The officers of this Cam
pany have advertised for proposals to be received up
20 Nov. TO- the loan 10 be paid in instamepts beween
Nov. II and July lSjS. The Company will give for
the loans cen,Convertibe Bonds, with sem-ennusl
coupons, having 25 pears to run. To secure these
bonds together with those of 1885, and subsequently,
first mortgage the road has beeo executed 10
J. VI. Forbes. Nathaniel Thay,r and u. H. Hume
well as Trustees with proviso that 4 shaking fund
shal be paid to ssA Trustees annually sufficient to
absorb the present issue before maturity.
We copy below the circular of the COups,y TO is
s:eekhslders in references 30 this loan;