New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-12

quiet asd without ~ Akss'sn IN The oat door r1s'
Tor primo psper, which Is scarce, the banks taking
most of the rood rsmes offered. The rA'es sr gold
Ar New York slso exhibit htils sltersoo, ard
about the usual business dong.
The Fall River Iron Works have resumed oPer-
sth M.
The Philadelphia Ledger says:
"As We have for seine tine anticipated, legal Pro
ceedirgs, We learn, have been Instituted sg1aN pue
late President and Directors OF the Bsnk Oh fehhsy
wants. "A T. Doe Santos for hinself, and tor suco
other stockholders OF the Bank OF Pennsytssni' as
n sy desire 10 become ps'tes 10 the s1t hss hieo
bill in equity applying for sn Injunction upon voc
Bank Of Pennsylvania and the appointment OF n
eeyeY. In the bill the petitioner charges toat tue
capita ard surplus Of the bank have been greatly I'M
paire or wholly lost; that the bark is 10 falling con
dton; that its funds have been loaned 10 irrespons-
bic persons upon insufficient securities that arss
sums OF morey have bsen loaned 10 directors, ana
N a, the late President Mr.. Aibone suffered for
a lorg time TO keep the key of safe 10 which sec1-
rites were deposited until bis departure, while tne
character Of the contents WAS known only TO himself
He further charges that the bank has suspended
suece payments, and refuses 10 pay ~ depositors
ard potebolders; that the bank will not take its
notes and the checks Of depo.itors In payment OF
debts but has by pothecated its discounted ok there
by reuuing ri.k of the expense Of litigation to the
detimert OF the stockholders that snce the susper-
non III notss have been issued TO purchase spec ne,
there by increasing its Liabilities that II has no creo'
receives no deposits, and discounts no bills anu t9
Il il rot probable that II will resume business ne
adds that BY reason Of the wrorgfulness OF tbs
transactions Of the Bank they have been kept secret
from the stockholders and be therefore Prsys thar Tue
Bark and its Directors may be severaly lntsHogaed
respecting them; and charges that the asets OF tue
Bail have been and are being squsneered by its
officers without regard 20 the interest OF the lock
holders the creditors. He charges thai tue otncen
end Directors knowing the condition OF the Bank,
permitted debts to be ,cuued, its funds mismanaged,
imprCDery diyDORed Of VII 5reDy they
have made themselves personally liable TO pay tho
debts incurred during the time they were directors,
ard prsys that the Count will direct them to DO so.
The Boston Post mas the following items in relation
to tie copper stocks:
Among the "copper", Minnesota advanced
Saturday to los. There are probably some snorts
this stock but people are arriving a. tue coneus
Ii at one half Of its value has not been driven o OF II
by temporary decline in "copper" and oy an acclasot
at the that has reduced the product some Tha ior
two three months The metal is there in tns nine
and even at present prices every fun OF - cent
copper produced, costing $l95, lnc'ndlog saares,
freight insurance and expenses OF every klna, w,i
brig $500 cashno insignificant per cenage OF proht.
"Tte Pevsbc has declined OF late from the tesr
smorg holders Of an assessment. This Company has
a considerable surplus hand In copper and supplies,
70 FAY nothing Of ts claim of $40 600 or s wv ay11st
the Great Western Insurance Company OF New, iofk,
which comes to trial during the present menth, and
which the Pewabc management feel confident OF 90
tanning. But the dulness Of the copper market has
subjected the concern to some annoyance, which, how
ever as We told, is now satisfactorily terminated
We take no responsibility but we merely state that
We are informed by the management that no assess,
ment is contemplated at present Every exerton wni
be made to get along without further call upon inc
shareholder and if the money aud copper MAJ kets are
DO worse than they now the Directors believe that
the email needed between this time and the open
ing Of navigation be readily obtained.
1.-The Pewabic in it's first year sent loo tuns OF %
cent copper to Market in it's second year, 20 tuns
and the superintendent who in the past has produced
more than bis estimates, now promises 400 tuns for
the third year. Isle Royale continues to be offered at
low prices. With strict ecoromy il would seem as il
this mine could dividends even with no great In
o. its product Of 2iO tuns. BY the re-
cent decline of "copper" the value OF its earnings this
year has been reduced full so cents T. shsre. The
nire looks well as ever it did, and is furnished
with machinery which alone is probably worth at auc:
ton from $40 600 TO $50, 900. With economical and
otherwise udciOus management, the best judges have
no doubt il will ultimately pay. The NV superin-
teI dent has high character for prudence aud
thoroughress and the Directors anticipate better
Gers hereafter than has been obtained heretofore