New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-05-04

outward specie movement has oeen counVi"
by the California delivery "Wednesday OF 30"
by 500 Ooo in Spanish gold received og ne Ainca
and by some moderate amounts from the Interior 20
which may be added sl5j, GOO dsburse5 by the Sub
Treasury beyond It's receipts. The GaBk statement oil
Monday ought to show iayore'Jly in the specie re-
serve.
The Eagle Fire Company nave declared DIVIDEND
Of 10 T. cent, payable the 9TH inst.
Mr.. Albert ii. NicoD.ys regular semi-weekly ave
ton sale Of Stocks cad Bonds will take place on Non
day, the 9Th inst, at l2l O'Clock, at the Merchants
Exchange.
The business Of the Clearing. House was -, "Vo''V
1t s disgr acefu fact that both the leading cities o'
this State E,ewYork and Albany, owe morty winch
they do not pay.
In this city large amount Of city Indebtedness -
Overdue and unpaid, and Albany has not provided ie
the utsrest due ls May on the City Bonds issued to
the Albany Northern Railroad Company. Inc de-
ljnEuency in tire case Of this city should have oeen
avoided by keeping the atty deposits in one, or whe'
%'oud be better tvc or three of the rgest city baif
the managers Of which would always be able IN cases
of temporary deficiency Of city funds, to advance
sufficiently large sum 20 meet current disbarsenens'
The Controller hoIcs coon TO place e cent Rev
BoOds enough to enable the city to resr-7e pay
ment, but in tie meantime many parties are s1iierng
for want of the meney due thea, and the credit oil te
city mLer'led In fegarl,o the Albany default me
Argss ys:
These bonds were doubtless fraudulent in their IN
ccpon farss Interpretations and TIE departure
Of the Legislature and municipal bodies when sane
Toned them from all hone sly and fairness could make
them; and Judge Aliens decision has impaired to
them a stigma Of unconsitutonality.
b . fhey'bear the name of the City, and we nave
subt that our citizens will see that that name is
not .dish0nOred ,
fine following is the resolution Of the City Council:
-RolttG That the Chamberlain be aod is hereby directed TO
d. n the interest on bonds issued the Albany
sd Northern Railroad Company until "etGn has been held ~
CLARK sg The City Of Rocheser and until otherwise
The City Council Of Rochester have adopted much
more creditabe action by passing the following reso
| htons
hered decision been gven by single Justice o. the
Supreme Circuit that the bonds Of the City Of koch
Roeheser and Grne.se Valley Railroad unconstitutional
and void and for this not binding obligations uPonfne
Retd That the reputation and good faith Of orr city de
Oft principal and interest according 70 their ae
Common Council Of aid city all aid bonds ought TO
be- and will be paid and citizens would never tolerate
| the reputation Of the same"
| This resolution was adopted unanimously
The following is copy of the new Act relative TO
Banking which was signed on Thursday 10y the Gov
ernor:
The People Of he sate q re Yo.k gtPo ,.t IN the S"G'S
i .s be OPGns with snss ss San..
BANKING under any statute Of state and receiving de-
post after THE act takes effect the Of his bust
bank banking association individual banker en-
gagged in the business Of banking under any uch sstne g. pre-
sent such notes FOR redemption and payment IN me nann anu
upon provided by law either to the awful re-
SsHins Sssoeistions or individual issuing he but
speh baDk esnHn. and nSe
and all Of them he have on hand at es tune o. sScS
lihs' 10 hs or bankers
them redemption and payment in the manner provided BY
law often in each successive week when
than the Of $1,000 is held by said incorporates
banks banking associations OF individual bankers
If either Of such banks banking associations or esnk
holding such circulating notes shall elect to present the
Ssntp E or BANKERS issuing them shall
cause written or printed notice Of sTen S h bnI bIDs
association banker holding them under the sea- 81 nee
tor present and all Of them that it he
hand the time Of such sealing at the counter OF
the bank banking association or banker Issuing them ol re-
dcmPton and payment as often sfes't a. 3nct IN eSTn sue
%ed and hen such notice shall have given
sfa by a %Sh nSee .s
and not e~ y . eSsTB ea aHd
provided that such notes viii thereafter be presented for
said within the times and the terms prescribed by law
But nothing herein contained shall be construed to prohibit
deemins presenting holding edsns OF exchangne esh oh
such terms as they may agree upon may heretofore have
agreed upon and as shs be condrabe preexns laws
individual banker who shall knowingly and iuy neglect OF
S 10 the eCa Wit sf be- ed for and the
name Of people Of the State Of New fork in any Court
having competent jurisdicion. IT,, ,..,
| In relation to Money and American Stocks, Messrs
| Benson & Co., write by the Africa;
LONDON April H. ls57-Money has been in very active de-
and during past week and extreme rates for loans have IN
many instances been paid u Ts S b bS
further restrictive anu also nave au
toadvsnce their minimum rate OF discount Inc recent large ar
case and made by the Directors at their
| weekly meeting on Thursday
Consos at s2 for Money 95 al for 7h May and they
to-day So for Money and 9S for the account which,
For American Railroad Securities. the tendency has been
downward with very little business doing excepting for Illinois
hands 20 some extent al o. which price they hy
held No sales reported in treeand Bonds The shares
have changed hands at 80 -. - ~ anu % premium T upon
also been Michigan Central Bonds Of 1853 81 Mch
per cent al IS and 81 Erie 1871 at "A aud PeDnsy first
| mortgage OF &c.
Messrs. Stoterfoht; Frost s Co., under date Eth
April, write as follows:
The rate Of discount still kept at 81 cent and there
Is every prospect that all have Permaneny 10 pay high
and ocasousy perhaps higher rates than the present
The deugud upo capitol Of the country mutfarous
a. 10 absorb that spared Silver still continues 20 flow
su5 tbe il narrowly watched bring
whenever there may temporary ul i no.,
then, surprising that the eanH pas % 'ae'
from motives Of prudence as me- 70 the ex
ng bound within narrow limits The Of
the country hs thus supported these high rates surprisingly
vii br nces have been msntaned for articles by
mere eoninptve demand but Is kept decidedly
check BY the deaness Of money anu n question Is whether
now supplies bgno arrive fi ana 70 accumulate One
branch o. trade has t the Pesse :. oney svsey VIZ the
grain trad bills corrected WAN se 'Vlded sales have
iherefore been pressed more deteTurlHedly."
Messrs Berenberg GOssler y; Co., of Hamburg,