New-York daily tribune., 1857-10-02
~. MI,cus,, W.,l,r,.. ssy-

Tk H.EGEftE bs1eys'as 'Py
Coup,-s.svely little Of ths prcd1cs ra'1S' N 'hIs
sts.a bss vet e,re forward. Bat n1s' 10 ofou3i'
oi, Cu-rsnoy 70 move TIE o'c2s - sc4t'' - D.j o.
New YoTs Cry tsnks sss coaV.nced - ~ 800,
psy oor Deb; 20 tifupe aod ave oai 49, .vbn.f
ys-ersl .usp-usiln - .pscs payments na' "A' ;.
nus. be moved 10 the sea5olrd A present pI'oe9,
: III nav our debt. IT, England resly - fOiai III
e. IL u essier % get the wbee. from "',oa-,e ~,
than tbe coin from California it II c3rn t1a' Es,elI
funds must flow 70 the Western States fr the purcha'c
OF wheat. =,
reference TO the copper mines of Like Superior;
The copper mnss are shu.uaiy productive ms
season. isct plainly indicated oy me haIpi IT %
heavily laden steamer and al vessels which leave
here almost dsily for lower lake porfs Ths N'nnf-
.o.. which, by The by is Considered one OF the se'
mines in tie country. raissd during the year eniing
With January |. 1857 3,7lS I03 pounds, or upwsTd
Of go tuna. The Cliff raised in the same length OF
time 39l !9 pourds or jii iuns an increase over
The preceding year Of li9 tups. stll! greater ln-
c-eose bas taken place the p-eseat year; Nearly
siop, HE point and 80 u1s from the Portage Lake
district have no means at hs1d for ascertsining
TIE precise amount Of copper shipped from Lake Su-
periar last but think II VIII not vary ier rom
500 turs But whether these mines ere paying very
bsavy profits Is q matter OF nu b doubt Some o!
| them, however, are paying handsomely
OryIcr oF rHE Associated Pass,
Nyw YORK. Oct. |, 1917. !
IT., Jo4,rnol Of Commercs Of TUESDAY, contained IN
ira money sriicle the following paragraph s, s,.
Tbe agent OF the A'.oeseh pre' SEM inr
h.t The Rsnk refs,d 70 redeem :h. bills Of the S
E.sn COY isns nj. I.Is .TsnSs from Rdse ESD
s,p Cahsr Of the Suffolk Baus tha, this report W. ,n'Te
y ,e and that oil New EnElsnd bills we're = Gen M,
close Of the regular bank uF. Such carsiesnes. 20 c
By haIsher name abomnaoe ana tee pefp ~
ever ever, ne ~'' De- 0'sn' - HA'' III
The dispatch which gave rise TO the above censure
came 10 me from our regular correspondent IN bos-
opuflfmar who haa acted bis present CdpS-
city fer the past eight years during all Of which tune
he has enjoyed the fullest confidence Of the Assola.
tiOr. His prudence snl his judgment IN the cohduct
Of the business confded 70 him have led me aways
20 rely implicitly, his dispatches heretoiore-h9r
do see wherein be failed 10 Justify my confidence ih
the matter a. issue, under Whist RUE OF Justice ne
can BE- smeDsble TO tbe har.h conclusions 70 wncn
the nor ey editor OF The Joara4if Commerce. arrives
| II the above paragraph. , .r
With gard 10 the dispatch in question. the follow
ing are the simple facts 90 Monday forenoon mere
were run in state street Boston, 10 the effect that
the Suffolk Bank had ceased 10 redeem the bils OF
New. England country banks. Now, this was an in:
portan fact if true ard one which IL was the d1y Oh
pendent 10 transmit 70 the As'oclatei rSS7
without Gtlsy. But, rot wishing to telegraph the
important announcement mere m nor, he took tue
precau'ion 20 test the ma'ter by handing IN TO the
proper officer of the Suffolk Bank quantity OF coua-
ry bark bills with request that they should be ex.
changed for city funds The bills were presented at
the counter Of rhe BaLk. to the same clerk and In
precisely The same manner as had been done On many
occasions before, and never until then had
there been any hesitaucy in making the re-
quired exchsDye but on this o9casion tae
clerk peremptoiy refused the offered bills, and re-
marked substantially as follows: Owe don't do that
business any MORE" There explanation given
to modify this decisive There was nothing
eaid about "pot having time 20 attend to the bust
ress." which reason not given until later hour
in the day the slightest intimatiOn given that
the refusal 10 exchange his money not in accord
arce with the settled rule adopted by the Bluk sub
nit thereto that under the circumstances cor
respondent fully justified in sending the dispatch
in question. ID H. CRATG,