New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-22

Dividend No y oscIaI'l JAN - ''
New Gr.nadisn Government pro
portion, v een'''''''''''''''''' 90, 1850
p.,c., 70 G., income ,ccount after dividend. s3Hz5
The sales Of lands by the Illinois Central Railroad
Companv in the second week of January were o,Oo)
acres for $IO46 95, averaging sl7 30 per acre The
aggregate OF the two weeks is 1870 acres ior
42OO,270.
Breadstufs continue firm, aud low grades Hour are
I0c. per Dbl. higher. Wheat II well held, but IT,
porters are waiting for their letters by the America
Pork IL heavy and dull; Groceries are hrm Dnt not
active on account of the difficulty of moving goods
The advance in Cotton is sustained with fair business
The sales of the week 10000 bales, OF
which 1900 are in traDsitu The stock here
= 20 OOO bal,s The number Of vessels loading IN
4he United States for England and France Is l5o,
against l last year OF receipts there Is an increase a.
the ports compared with last year, OoO baes;
compared with 1853, $4,000 Exports-decrease TO
Great Britain, compared with last year, 2@3Ooo'
compared with 1853, 328 900. Decrease to France,
4OOOO increase compared with 1853, 50 OeO decrease
10 other foreign ports IS 600; increase compared with
1853 10 COO bales.
The circular of Mr.. w. p Wright says:
Chops REcEIrTs &c-I have said in my former circulars
,hst heIe m nothing the compa alive lnde OF the r.
sp,s at ports justify the expectation that the crop WIZ
exceed 900 bse because The maenude IN
question aes from unusually early and long continued nee
ssston Of the smaller yeLs At G Ws, rSS v
s have by full from the beginning Of DecembT
latest daes-th explanation is more obvious because
sTe Essay , 80 ~, Great B3itsi1 costnne on the same mod
se To other points they are IN excess OF all years eA
The following is statement the movementin Cotton since
the 1T September a, compared with the previous -four
years: 1857. 1850. 1853. 1874. 1913:
Ixps to CT Britain $4,000 $4,000 $4,000 $4,000 692os
Exports o,SI ran Tg SSS 7S i 7ooo aos
Total Exports. ei7 700 sl5oCs 1890 C $1,000 ssSss
OF which during past week included in the above
so; = M a FS,1 a,SS 1886 S SSSS @ 5ss:
Exports France. 1900 1900 log 200 go:
Ea. ssT For r .SS 1905 1900 S .:
The Chicago Democratic Press Of Saturday fur
nishes the following information relative to the West
em Banks which have been recently dscredted here:
at is rumored that the same parties who own the
Granecy Bank OF Indiana are also the owners OF the
Peoples Bank Of Carmi, the Prairie State BaLk, and
the Rushvle Bark, all Of Illinois, which rumOr IN
duced some Of the Banks of this city to throw out the
notes of the above named Illinois institutions yester
" The Stock Security Bank at Danville has among
lts securities $4,000 ia California Bonds. Ihe Su
prene Court Of that State having recently decided that
fhee bonds are illegal some of our brokers yesterday
refused TO receive the bulls o. the STOCK security BANK
The Peoples Bank at Carmi is secured By de-
posit Oftbe following State stock: $1,000
Virginia. 600 Tennessee '.''''''''S1'o
HissouIi.....'.'..'..'. zlSo0O MI t5oo no
"Toisl securities $500 600. Circulation si6i do
" The Prairie State Bank Is secured as iolows: M
S6&VoO lehhesSsee'''''' p'i'V
Tci.i $4,000
"Total securities u go. Circulation 1904 100.
The Rushville Bank has the following basis OF cif-
Mi.sOur.........s5aCOO Louisiana $500
NEUTRALITY-SUSPICIOUS.. 500
The following are the bonds pledged by the BLOCK
Eeeunty Bank of Danviie:
Virginia $a5 coo California '.''''''' $5toCo
Missouri: 200 200 I2OD
T,ta
Total securities, 500 900. Circulation, slSj,47e.
"There was NOV ement on foot among our bankers
Hast evening which we have reason to believe Will so
far toward, if not entirely restoring these tour banks
10 sound credit. There is why thus may not
be done with all of them except the Stock Security
Bank of Danvile. As ards the latter, if its owners
Hi replace the California Stocks with others thst dre
good, will promptly cancel them, It's ISSUES VIII Ger
tainly be good a. the average of Illinois Is tnks
Corr, .pOndence of The N Y Tribune.
CLEVELAND Ohio Dec. 20, 1856
very important decision has just besn made by
eur Supreme Court in The case Of the Cuzons Bank oil
Steuhenve VS.. Francis NJ. Wright, Auditor of State.
BTinkerhOff j. delivered the opinion of the Court:
"l Where a bank, organized under the act OF March,
81 1884, 10 regulate fee banking has done aud con-
hnues TO do ali the acts necessary 10 perfect and IN ala
tain Its organization In pursuance of said act and has
complied with the provisions thereof TO enc 1t 70 re-
eeive from the Auditor of State notes of Circulation,
for refusal being shown except that he has
doubts to the consttuonaity Of said act the writ Of
Rsndamus ia the proper remedy.
"2. The second, third and seventh sections of the
hirt, eLth article of the C0nst tuition OF lSJl are pros
pectve and OF retrospective IN theii intent and a.
phcation.
40. The act of March 81, 1851, to regulate free
banking is not inconsistent with the Constitution of
1851 and is not therefore by implication, repealed by
it,"
According to this decision banks may now be organ
lied and go into full operation under the set OF March
~, 1851.
Tha. act provides "that any number of natural per
sons less than three may engage III the business
OF barkiJg.
"Persons associating to form BAnking Company
sha under their hanuS aud seals make a certificate
which shall certify: /. The name of thu Company and
the of the place whore its banking operations
shall be carried on, and where such Company shall
keep Office. >. The amount of capital stock aud
the number Of shares into which it is divided. 3 The
and place OF residence and the number Of shares
held by each member of the Company. t. The time
when such Company shall have been formed Such
certificate to be Acknowledged before Justice or
Notary and filed in the office OF the County Recorder.
The capital stock Of each Bank not less thsn So 900
And not over $500 600, sixty cent u be paid In.
Governor, Auditor and Secretary of State 10 furnish
the Company certificate whenever il has complied
with preceding sectors. Auditor Of State 70 cadse
notes to be engraved. Auditor 10 furnish notes de-
post OF the public stock issued by the State of Ohio
or by the United States Auditor not to furnish - such
Company circulating notes TO an amount more than
three times the amount of the capital stock of such
Cen pany actually paid IN snd undlmnished by losses
notes 10 be signed by President and Cashier of such
Company. 1He capital stock divided into shares of
$50 each Company not 70 take a. security for loan
hen any part of its capital stock concerns Of each
Company 10 be managed by three or i've Directors;
Oeosor to be resident of the State Directors own
NJ east ODE tenth of the stock, Directors 70 hold office
fr S1e year from lst Monday of Januay Of each year.
or Until SUCCESSORS are elected aud justified. Banks
may Issue notes OF 81, 81 81 a. $40 $40 $50 and