New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-08-11

The statement was received in the street unfa-
vorabe and the Stock quotations dropped under it.
Eighteen miles of the LaCross Road, from Portage
to KIbourn City, will be opened to morrow.
The July receipts of the Pittsburgh, Fort Wayne
and Chicago Road will reach about $4,000.
The Committee of the Board upon the affairs of the
Michigan Southern Railroad had interview with the
officers to day. The Committee were requested to
submit the inquiries in writing, when they would be
duly answered
Our paragraph in relation to the deficiencies Of the
Philadelphia Mint has drawn out the annexed defense
from the Superintendent We notice tina. he has
nothing to say in reference to the issues of plain discs
of metal or of coins only half mnted Tile PAaadel.
phia Ledger Gays:
owe have been furnished by the Director oil the
Mint with some important facts in relation to coinage,
which explains the cause of variation in weight and
excupates the officers of the institution from censure,
which the article published in Tile Ledger of Satur-
day, extracted from New-lork paper, lupeachins
more especiay the late issues of the cept con at
tennis 10 fasten on them. Under the most d cases,
variations in the weight Of individual coins IRON the
exact standard must necessarily take place, ana SUCH
variations are provided for in the laws regulating the
Standard In The gold coins the admitted variations
are from 10 grain in slDgl, pieces, according to
value in the silver, from to grams, according 70
the value OF the piece. For ihe new cent com, =
The necessity Of such allowances arises from the nhe-
rent imperfecton of all machinery and mechanical
operations so that it is mpracticable tina. the discs
Of metz shall be prepared of exact and uniform
weight, In the case Of gold coins, this result is
| subsequently obtained by weighing and adjusting
each piece separately, discardpg those too light; but
with the silver and or'ort with the copper COINS,
such separate weighngs and adjustments is out OF the
question If it shOad he observed, then, that some
Of the silver or cent coins vary from the exact stand
ard this is no more than the law admits, within the
| limits mentioned. The newspaper article which In
ats that W
"of short weight equal III some cases to cent;
but even this which is mentioned as an extreme case.
falls short of the legal allowance, which Is over %
cent 1t undoubtedly the duty oil the Mint to issue
the coins with little variation from the standard as
practicable With regard TO the gold coins this end
| is known to be accurately attained by the actaa'
weighing of each piece separately, aud by weighing
the pieces in mass. similar result Is attained IN re-
gard TO the silver coins 10 the average OF pieces by
frequent aid daily tests of their weight separately and
in mass Within the last three months, the Mint has
issued about forty three tuns OF cents, composed OF
Geo 0O0 pieces, manufactured from an alloy never
before used in cottage; and in this large amount
variation from the exact stand Of less than sixth Of
the allowance fixed by law has been found. Further
experience will cause even this variation 10 disappear
In relation to the recent bank suspensions Thomp.
| sons Reporter says:
We found it necessary last week to stop buying the
notes of the folio wing banks i'll we could ascertain
| their present position, VIZ:
Merchants Exchange Bank, Bridgeport, Conn.
CITY Bank, Cincinnati, Ohio.
Ssndusky City Bank, Ohio.
Union Bank, Sandusky City Ohio.
TIE Merchants Exchange Bank, Bridgeport, Conn.,,
| has hut a small circulation outstanding which will
p,obably be redeemed on presentation
The Anne rican Bank n. j., is free bank, aud the
notes are secured by stocks deposited with the State
Treasurer We have sarage letter from the Presi.
dent of the Bank assuring that We ought to quote
| the bank as usual. We think otherwise.
The three Ohio Banks named above are free or in
dependent Banks and their notes should be secured;
but the impression is that the securities have been
misappled. or are not available. Our advice would
be TO The holders Of the bills Of either Banks, not to
| sell at heavy discount.
We are now paying 20 cents for the notes Of the
| South Row alton Bank, Vermont
The circulating notes of the Bank OF the Republic
mu,t be presented to S. X. Rathbone, the receiver,
before the Let Of October next, TO participate in the
| dividend TO creditors
The monthly returns of the country banks of
Massachusetts, were published on Saturday morning.
| The amount of loans are <i9Ol6,s06; circulation.
SIG, 2s5 6s2; deposits, $7,losa9S; Of sp'cie, only
| $l,ll6, 554. .
The shipments from the several coal regions show
o.s of 1899 turs compared with the corresponding