The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-03-03

meoe returns cannot oonaidr Otherwise han a
hvoTable chsrscef Q decrease n discounts ard -.
posts continues g. 80 uta equal sste / while small
ioc 'ase ID show tn specie reserve Ths aggrsgass
OF actual depos continues small compared Win The
amount Of dacouu August Lea, with . DISCOUNT
lime Of about one hundred and Ven nnlons he aosua 10
poaits IN hand am united 10 NOR than sixty nine millions
81 dollass. Nwwh line os loans about one millisa
more the deposits yearly ave millions lsss The ocn
fractions In loans must coatmue until these departments
0e more equally balanced.
Tho supplement Of The charter OF The Morris and ESSEX
Railroad, pei hitting tho extension Of the road 70 the
Hudson river, Wa passed In me New Jersey Assembly
on Wednesday, BY vote of Al 70 l6. has yet 70 be
acted ON In the Senate. To bill allows IN increase OF
one million dollars Ia the capital stock Of the company,
and the issue Of that amount In preferred stock.
We are much era ified In learning tina, since
marks fsw days since the importance Of the Allen
town Railroad 10 Thu city and Of tho great danger Of the
charter being lost the work not commenced within
thirty days, 70 hear that he directors received
cours cement from the leading merchants and have do
tsrmned to make personal application the Importers
and obbers Of this city for their aid 70 the tsrprse
refused and the charter be Iost they are determined
that fault shall DO chgeable 70 tho directors for the
loss Trade 10 unusually dull for this Of the year
with our jobbers and yell may be- for It 10
impossiby TO ship goods 10 the West via Philadelphia
and owing 70 the late accident the Central and Erie
road there will be no trsna probably for two weeks
come over those lines. The passenger travel may be
sooner resumed, but OF the freight Our Philadelphia
neighbors reaping nne yest as largo numbers
Of Western meroharu daily returning there
70 make their purchaser, although consoiou.
that they will DO compelled 10 40 so from limited at
sor,ment compared with the exhibited In this oy
and at prices ruling fair profit above Of New Yors
II w-1A ~ Ma vA.H
days from the 10Th Of February to the l7h Of March
while Philadelphia will make and realize therefrom
profit that will amount to more than the amount non
asked from New York aid toward tho construction o
this Allentown road. Had we this road now Ia opera
ton would be distributing goods from warehouse
over the whole West, the OHIO river open Pitts
burg. Tee Board Of Hardware Dealers have taken hod
Of the matter, through some Of Its officers and hope
give the enterp liberal AID They feel and know to
want Of the road We would Augsest 70 the CHAMBER OF
Commerce that this enterprise subject In which IT,
whole commercial community Is much inter ested tina
II IL worthy Of their serious confederation.
The policy nsuguraied in reoeat years for the rodoc
Of the debt Of the Sato Of Illinois has been eminer
suCcessui S)me 5000 COZ paid out al Sprng asid
ON the Let January last the proceeds OF the
uliona womill sushing that A. OF prin
cipal Of the Internal Improvement bonds This Two mill
cannot changed without to alter the
suuon, which queatiou has been submitted to the popu
lar vote and refused by the PEOPLE. Al the revenue
from the interest TAI, mill pays now six per cent per
anpum the whole debt Of Ihoosa the fro
The Illinois Central Railroad s expected TO pay oil tn.
expenses Of State govornment-and the bonds Of the
State are al s7s to 81 TO- some Of those bearing nteree
from st July having sold lately a the former rate
there 10 be strong pIos ability that owing to "a,
increasing value Of the bonds hereafter holders sin
present them at Springfield to receive account
of pinci a. In thls even! the urplus funds woudap
end be subject the disposal Of the legislature pro
posed therefore, to pas the following ast, lately iatro
duced BY NJ pe.ss a, r..ssns the surpus revenue l.
applied the purchase Of bonds bearing interest. The
proposed act will add largely 10 the uads 70 be thus sp
Piled sni it, ultimate eneos must be 10 up oil the
bonds above par
Be II enacted by tue People OF tie state OF Illinois,
presented in the General Assembly, That any surpa
funoe which ahal remain In the Treasury out OF the po
Deeds arising r the two mill Tax authorized under
article Is Of the constitution after the pay mont OF thn
due the principal OF such bonds ~ may oe
any other source Of or from the funds no 40
tnosed 70 10 invested In the Parcnsse Of STATE adeet1
ness shall be applied and used n the purchase ndeot
OF the State bearing interest," or 10 the purchne
Of Indebtedness not bearing interest, ~ the Govsrnor
may deem tut interest Of the ssate, In the manner
act 10 provide reducing the State debit approved Fob
H. 1858 and an aot entitled can act TO regulate pay
me- nts Of the oubc debt and the purchase
state bonds, !" approved Feb. 10, 1860.
Tho Bank Committee OF the Missouri Legislature have
reported In favor OF eight banks with three braachss
each making thirty two banks, with aggregate
capital OF otO to be chartered this winter Toe
banks an not allowed 70 issue OF less denonn.
ton than s. Heretofore. the only banks In Ml.sour'
sere 'he old State Bank aui ave branches, whose Char
expires aud not w!h,tsndiDs their cxtraordns
~ advantages have made io,ses amounting 10 about
$1,000, COO or nearly three times thor original capital
II Is expected that this Lsssature Will pass such liberal
and safe laws will relieve the commercial community
q ON the great embarrassment tha, . want OF proper
bank facilities has iuhjeoted them TO-