New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-16


&IO 40 400.
~. n.e.rg 81 the Clearing House this aerhooo
rss uuch more harmonious than vas antidpa'eo' sou
the Questions under discussion satisfactorily SCI
,.d. Every bslk 10 the Clearing House was IeP.e
septed, and the importance Of the occaaion iuny ue
uandsd this FIJI attendance. The tine Tor cnnosns
the present State currency system Wa poffpoeed 70
Wednesday 30 that the banks will continue 70 reoe''
State currency at par until Wednesday iuclusive' An"
viii give the State banks an opportunity oil comPe~ns
their arrangements with the metropolitan ior reoep'
tiors as before the suspension, and with ie eAooP
TORS such arrangements will be msoo' Nc
sponses approving Of the action OF tue CieAi'Hs'
House have been received from some Se'
enty.fve banks. The meeting also Vo'ea "i"o''
unanimously to cortinue 10 the Meropoftah cef'-
fcates in settlement Of Clearing House oasnces'
motion was made TO specie only after eonesaAJ'
for this purpoe, but the voices in favor Oh 'n'
were only four or fve This settles the ques1sn VI
bank resumption for sometime to come lhe oniy
strenuous advocates for immediate resumption are tue
Commerce and the National, but they would Scarcely
resume without the support of the other osnks' anu
appeared disposed to conform 10 the sentiment Oh Inc
meeting. The final disposition OF the state currency
certificates appears to be yet unsettled, ana some
banks are getting rid Of them by buying gold, and by
throwing themselves debtor Of the Clearing House
purposely.
The arrangement for consolidating the Buffalo and
Corning ard the Buffalo and Hornellsyille Railroads.
has finally been copsumsted and tine new company,
upder the name of the Buffalo and New York and Erie
Railroad went into operation on the I'd instant Owing
IN the refusal of Che Central TO cell the branch from
Batavia 10 Attics some ten miles, at what the other
compapy consider fair price, some little time must
elspse before the Coming road be connected with
the other road at Attica. The new company have
surveyed the route and are now getting the right OF
vay and will construct the ten miles at an early day.
1t is to be hoped however that some arrangement Will
be made with the Central to obviae the necessi-
ty of new road. When the connection is made We
shall have broad gauge road from Baffsla to Roches-
tel which will give increased facilities for the tr8ospor
tation Of grain TO the millers. The company will
have some advantages over most OF the roads, not
even excepting the Central. This company form the
connecting link between Rochester and Buffalo and the
New-Yoik and Erie road and they have certainty of
freight both ways their roads which must profit
able. Thus Rochester supplies large amount OF
-four for New-York. This furnishes freghtto Corning
There is large demand for the Bosburgh coal, which
comes in TO Corning, both at Rochester and Buffalo,
and along the line Of the ros 80 that the return cars
can aways 20 loaded either direct to Rochester or to
Buffalo From Buffalo they can load with grain to
Rochester that they have local business in freight
that can keep their busy at fair price. This is
Independent of good general local business both OF
passengers and freight. The basis of the consolidation
we have not seep but presume the new company takes
the two roads at probably not far from $2o,O0O per
mile, including all the real estate, rolling stock and
fixtures for operating the roads TO almost any extent
and representing capital Of some four millions.
There are nine banks in the city of New Orleans
Four of tbem-the Citizens Bank, the Canal Bank,
the Bank of Louisiana, and the Louisiana State Bank
are banks with special charters Five are working
under the general banking law Of 1853 viz The Bank
Of New. Orleans, the Mechanics and Traders Bank,
the Union Bank, the Southern Bark and the Bank OF
James Robb. Five of these nine banks, viz The
Bank Of Louisiana the Lousisna State Bank aud The
Canal Bank, amorg the chartered banks, and the
Southern Bank ard the Bank of James Robb, among
the free banks have never suspended on any class OF
their obligations The Citizens Bank pays its circua
ton in specie when demanded. The bank did not pay
it's deposits for season. but has resumed, and pays
all ts obligations now in ful on demsnd. There are
therefore three only of the nine banks in state of
suspension.
The old Bank Of Pittsburgh, the Honesdale Bank,
the Monongahela Bank, the Chester Valley Bank
uew and ore or two others in Peunsy continue
to pay all their liabilities in specie. The Farmers
Bank of Bucks County, at Bristol has refused to ac-
cept the Relief Law, and will a. once resume.
meeting of the creditors Of G. Fl. Mills Co., was
he'd at Bottom Friday afternoon and a statement,
which pref ented rather complicated state of affairs,
was made. proposition WAS made by the firm to
put their property into the hands Of Trustees for the
mutual benefit of creditors. committee, composed
of Ignatius Sargent, Samuel Hooper, and Nathaniel
Thsye was chosen to investigate and report at an sd-
journed meeting TO be held next Friday, giving their
views upon the best Of winding up the Germ.
The Auditor of Illinois says that the Hamilton
County Bank, the Bank of the Commonwealth, and
the Huonville Bank, having failed to make good their
securities within the time required by law, will have
to be put in q course Of liquidation.
The deposits and coinage of the branch mint at
New. Orleans, for the month Of October, were as fol-
| lows:
Gold fIom other Sources 10 $50 %
Total gold deposu ,1Is %
SILVER DEPOSITS.
Silver parted from California sod........ SCI ~
Silver from other sources .S75,9 53 80
Total silver depohtt d.............- x37s0 OILS IS