New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-08

ectacoc ftesIJ e. 900 900 IN tie hss o, c.oor,t,.
1, s sas thst tie snount wtice our B.aks voted u
e.scrD, ss, week VS. prphooiy covered By The psy
ren's whicE maiu;o6 ca Ffsday sOd Satar .sy. ssa
hat u pca. 81 fsc the discounts have not exoseeSA
the ieee'pts sitoe the tie was adopted.
.At''ess from BostCn incicsts a csmer aid rstAsr
essier tore In money m.ttsrs. TIE Batks de>e<.
I'LL &c 10 hold cut so org as the New fork Bsoks
ssEc nm Their loes in specie during tie week vss
alt u tSooco witch, sirgslaly enough, s dsTviseA
10 he printed returns BY comparing vito those Of
forlr gtt since Instead OF the previous week Peer
goes hard in ate street and rates range sbout che
same as hose ruling tere.
Dung this severe pressure in the Money marke<
we hear of occasional loans on good City Bonds q
mode ate rates fact which proves conclus;yeiy thaA
the graz dssi1era.um to be secured 10 rsseessioa
# confidence. Mary advocate q bold policy O. thA
part Of the Bspks-the adoption Of measures which
would b:rg substantial snd immediate relief 10 tie
Business community. Ii is COMMENDED and With great
dea! Of pIsusbty that the restoration Of con6Aeass
which would result from this policy would make u Co.
TREY successful; and upon the other hand Il sAorld
preve ipef.c'usl. that the position Of tho Bsnks
would in reality be not more dangerous than st pess.
emf In view Of the fsi urss now Of daily occsrsece.
meeting Of come Of mOst respectable usrchsa1s
vas held at the Astsr House to-day to devise measures
if possible for mitigating the extreme srngsscy Of the
money market. The sentiment Of the meeting was
stiorgy and decidedly in favor the adoption of more
liberal measures on the part of the bsnks A Com
nttte slI un,ed 20 consult with the hank msna-
gers with vw 70 obtain large ncresse ef discounts
The sum desirable for the banks 10 increase
Was $40 00o Some Of tie banks we're reprcsentsA
~ ~. L.. ~ Al. A.xH
liz e if any difference of opinion expressed &c to tia
necessity Of relief measures The Commit emhrsces
the names of cone of our most prominent merchants
and bankers.
Inc Boston banks will undoubtedly follow the eK-
ample, il the movement should be successful asd Che
effect of an easier uooey make. in these two great
commercial ceners would be electrical.
Among other measures of relief proposed ct ths
present uncure is the foncwing thst the city bsnn
should receive and pay out at par the notes OF The
wesecured State banks. THIS would furnish at oncs
an expansion Of currency for bank payments. aoA
check the present tendency Of State money homewasd
to the issuirg banks for redemption. Mrch Of oar
State currency Is just secure as the city sues, and
there appears 70 be practical difficulty 10 receivcg
it for bark payments and issuipg Il upon checks.
&c We presume the law against payitg out
any bank notes which are lot ct Per woald
hardly be considered violated by such action
in the present Girls. At the frat glance thM
appears 10 be ne of the least objec ionabs schemes
Of relief which have been proposed, and soms Of our
bank icer disposed to consider it fayotsbly.
wcud add at once largely to the value Of PER currsn-
cy prevent the pressure upon the country banks -
REDEMPTION aud check the sacrifice Of State Stocks
drawn from the Bar Department by that pressure.
We understand tia: the Chicago, 81. Paul and Fos4
du Loo Railroad C,mpsny are making fair progress
with their proposed extension Of the floating debt.
The holders Of more than half Of the amount Of in
dorsed paper have already signed the agreement asd
large amount is verbally promised. Meantime, The
managers are going on as rapidly as possible 10 tAs
con etion of the road between Fond du Lac and Och
kosh, which being accomplished. secures the vslaa-
bic land grant, and gives additional security TO the
y cent bonds The annual meeting of stockholders
was held 10 Chicago yesterday afternoon.
We annex Q comparative statement OF the CON-
merce Of this port for September, showing gsrsssa
contraction most marked in Exports The In
crease Of imports has gone into sarehouse for want Of
market, aud this iesul, will. no 5oubt, DO stil mole
Ia, gely shown 10 the p'e,en, nouth. The falling oil
of specie exports il comparson with last September.
10 very large.