New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-12

Previously reported. I"ooo q
Total sias 400 81
The domestic movement, however, continues, as
colo is wanted at the South for the purchase of bills
drawn sesinst cotton and other produce. Oar banks
have been obliged 10 send forward some further
amounts during the week. Another arrival from Can
fornia is near at hand which viii very much more than
meet this drain the reserves Of the banks The SUB
Treasury hes gained on the banks during the week,
and as we are DOW in the active period Of mpOatons,
the balance in the Treasury win probably continue 20
increase by the payments of duties.
The receipts ofthe Connecticut River Railroad in the
year ending Dec. I, 1856, were $2Ss go; expenses
and interest, $209, 800. The net earnings paid e
cent on $500 900 preferred and cent on 100000
of common stock. The ro,d owes funded debt of
800 co., and floating debt that ranges from $4,000
o SIS, 600.
The receipts of the Boston and Lowell Railroad 10
the year ending November 80, 1856, were si9o,7Ai
expenses, $357, 64l; Of the income, 50 y cent was
from the business Of the road proper, the remainder
iom connecting roads. The Corporation owes $f $50
of which $3.50, GOO is floating debt.
There was one omission in Mr.. Bank Superintendent
Cooks Report, which We regretted to notice. We
think he would have done well TO have recommended
that power be given him TO the money of the
Safety Fund now some 400 00 in the purchase, the
lowest market prices of the Bank Fund Stock, due
between this year and so on 10 1866 This moneyis
now loaned at = cent 900 10 the Commercial
Bank of Albany and could be invested in these stocks
at about 90 equal to : y cent interest," instead
of y cent. These stocks were issued in reden mp
ton of broken safety fund bank-noes, in advance
of the contributions 10 the fund, and az the
fund is now in cash, there is no good reason
why the money should not be used in anticipating the
maturity of the stock instead of being loaned out 20
banks at y cent The amount saved by such
course, added TO the balance which will result
when all the Safety-Fund Charters expire, would
enable the Fund to do something for the unfortunate
holders of the notes Of the Lewis County Bank, who
as yet are without any rehef. This Bank was put
into the hands of Receiver in 1854, which Re-
ceiver, being appointed at the instance OF the
friends of the Bank, the Bank Department re-
pudiated and up to this time, az far as we can
Learn, no report has been made as to the DISPOSE
ton Of tie assets of the Bank or what are the Pros
poets of dividend the notes. Some measures GER
tay ought 70 be taken, and ought to be the duty Of
some one to take them 10 close up this receivershp
ard divide the assets Of the Bslk, if there be any,
among the much-.uffering noteholders. Win Mr..
Superintendent Cock look into this matter
The manufacturers Of white lead, lead pipe, shot,
&c, have pettoned Congress to place the raw msts-
,al pig lead on the free list, and the Committee have
reported avorably upon their petition. The petitioners
argue that the production of lead in this country has
largely decreased notwithstanding increase OF 100
cent in price, and that about the entire production is
consumed at the West that the introduction Of for
eign lead free would be detriment to the native
miner. They also argue tina. the 20 y cent duty on
pig lead entirely closes the markets Of Canada the
West Indies, &C., against our white lead, shot, lead
pipe, &C., .hese markets being monopoGzed by the
English manufacturers who have no duty 10 p'y on
the raw material In their petition these manufictur-
es say:
The undersigned, comprising nearly all the manufsc
turers of lead in the cities OF Boston, New York,
Philadelphia end Baltimore, believing that the present
tariff woIks them great injury and places unjust bur
dens upon their busness-burdens never intended to
be applied TO them by the trainers OF the Tariff Law OF
1896 Petdonrg, beg respectfully to fePre.en hat
of our staple, pig lead, from the mines OF our own
country had been upon average more than adequate
TO the entire wants Of the United States that up to the
year ls47, the Galena mines had been steadily iu-
creasing their production, keeping pace with regu-
larry creaspg consumption but that since 1877 the
production OF lead in country his greatly fallen OF,
although the price has nearly doubled and at the same
time, The Western States have become large manuf4c
turers of white lead lead pipe and shot, 80 that at the
present time nearly the entire product Of pig lead of the
Western mines Is consumed by their own msnutactur-
Of pig lead imported into the City Of NeS-
York, only about 100000 lbs, were American
pig lead For full and accurate statistics Of the pig
lead trade of the United States for number Of years
past your petitioners beg to refer 10 the tables a.:
re1ed. The Tariff of 1916, passed at time when the
United States produced all the pig lead which the
county consumed, put an I'D v.lorem duty Of 70 v
cent upon lead of all kinds staple pig lead and all
lie manufacturers being placed upon the same bssis.
Since s4s chief supplies Of pig lead have, of
eetsity, been imported from Europe and We nos find
rkafsk .,
the enhsnced price which the duty Of 20 cent puts
upon OCT goods while we put in direct, cJm-
petition with the foreign manufacturers Of white lead,
red lead aa, Lead Ps sheet LEAD , N &e nau,
cur rich long estabhed rivals al the markets Of The
world, from which it shuts us out, and in addition,
forces equal comp clifton upon American manufacturers
from foreign goods upon our own soil
We do not propose 10 take any partisan view Of this
question but submit that it was never the intention
Of Congress put business in the position i,
occupies Again the English makers Of pig lead from
whom draw large supplies Of our staple, are not ,
iousy also large manufacturers Of the various goods
made from pig lead and thus controlling 70 great
tent the manufactured article, as wei as the staple,
have power injurious 10 American interests N this
branch Of trade.
Your petitioners respectfully represent that it 10 their
earnest belief that the interest of both tbs m.nuf
turer ar consumer Alike demand hatPg Lead should
be admitted free of duty in ,ordanoe with the
commentator Of the Hon. Secretary OF the TreasIry
In bis recent well a. previous reports 70 Congress
upon the Tariff, wherein be says that in renodeng
"snd reducing the Tariff Ihave felt constrained by
Consideration of its proprie.y again to recommend a.
"cne Of the modes Of reducing the revenue, ths the
raw materials usei in our manufactures should be
" admitted free of duty"
Y.ur petitioners would also respectfully represent
that the present duty of 20 y cent affords no more
than fair adequate protection TO the Manufacturer OF
Lead in its various departments and that al articles
manufactured from Pig Lead shoud be left 10 the same
schsdule Of dutiable articles IN the present rif
which Ia clearly greater protection than Congress
intended in the Tariff Law Of 1916 TO throw around the