New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-01-28

co. sdoped the axe, re5sp. he Perss esmP1'a
prove ( De about Geo bales sad the sdcts o.
week alter, give us The e'IiAnty OF 49, rn.Tre v,ih
"a. ,ma wseIs Of is. yesr have -fsstj G
.ips, "a M con. nc nee uu the whole cfCq - iAIk
less the rr,.eE IGvesble state o. ne myers sny
Thor, pas b.sr hrorgaO1' ne Hhoe season everJ 70
s.g WI 1;e svsry ,1er,on ssrd al before he planting
s.ss-n for Il. nsNt crop bssHs $1,000 a.,
The business a. the Clearing holse was 80 SUoVc''
We hear OF no gold going TO Bostcr f'r the Wednes
day steamer.
We observe. BY the reported procee jiogs Of he
Illinois Issla,1re. on Saturday, that the State "a dis
n,s.d 10 make good the securities given by Auditor
r.lpot TO which We avu led yesterday. The circua-
flor o. the Grsmercy is $4,000, snd OF the Shawnee
Rink Is brsrchl az, O00 making : 80 GOO altogether.
II regard 70 the break NC up the connection OF tbs
.,ota with the Bank Of Missouri OF the stock 0: wa;ch
he State owns some 100000, Tie s.. LoHis RtpaM
can says: 49,.
1--WE DO not see the necessity Of waiting Until 1851,
when tine charter will expire and il is therefore pr-
posed that the State shall at once proceed 20 sell ou' W
whole interes. il the bank. We Gaze very Mte "ISt
fine giyeu-say 20 or 20 dsys, o. even SIX mOnns-
,pd let the sa.e be made with the declaration test
bonds of the State OF Missouri Will be taken IN pay
ept 81 DR. for the State interest. lnls mSy Wen De
done for the capital stock which the Safe represents
was bu,ed in State bonds in Seminary or Other
funds. When the condition OF the bank IS consd
ered-when is made known far and near tnst tne-e
ia Contingent reserved fund OF nearly Nal. nAoh
of dollars in the bank vaut-Shen II IS conslief7 90
also that the bank has had sc-ve clrcUlauoa OF
more than two millions yesr for almost twenty years
and there must be very great loss on luis a'cSun-
when 10 ali tLis is added that the reputation o. 'he
bank il equal 10 that of any other IN the Uhsc es
II NAV be well conceived tha the State stock ought %
h-iDg a yery large premium. And those VINO purchase
the stock with rnderst andiDg that the charter Is 20
be renewed for twelve years, could wen anou ~ pay
Our proposition, then, is - sell Out the WGole oi TIE
State st0ck-for Missouri bonds-to place this bank
upon an equal footing with the other Banks DOW 10 oe
Incorporated and TO let them start is IN the rae o1
business
There are forty.six Banks now doing business IL the
State of New-Jersey, with an aggregate capital OF
Sc 602770 The aggregate circulation o! these Banks
Amonnt OF 499l970
Amount other liabilities ['ioss'
Li.blitie. sli 20 7ss
70 which sid eeo271e
TotA liabilities ana capital sos 4s5
They lave in notes discounted. SIS So %s
They have in 3f,
Due BY other banks checks, ACKNOWLEDGEMENTS. 2sUEo
IL $3.50
Total sla,s72167
Showing an e1ce.. ever liabilities aud esPta a.,
h stock so'fof
The following petition speaks for Itself. We trust
the merchants, and others interested in sound cur
rency will enter hei- protest against deprecatng the
paper currency of this State. 1t is now beog freely
signed:
IT. nc / .ai,lai,ys Of he STATE Of Nep- YORK:
herea, persons connected with Bank IL this state
to the end that Banks shall be required to redeem their
circulating notes demand a. TIER oa, ns .
payment their several agencies doHHtot one quarter
cent which, IN effect would deoa'' the eFeuains
Lnd eea Such Banks would thereby have evsde me
wholesome retrSins Of the Constitution (see Article Section
4 urohb be
shall directly indirectly authorize the suspension oil specie
1nd rse,sa, The Banks of this State derive large
profit by selling exchange New York, Al half cent ad
CITY the bills Of New gland Banks which they deposit
% . .S CRf pSt e C ceded ha s. Of
per cent? thus creating fund 20 draw against in ADDITION 70
their s tsesV,s PsysGs now from ,emns uneu
money and s1wns e1eh.ns as Aforesaid aud also from
discount EewYos instead Of paying par for them a: home
ped &c The Bank. under the General Banking Iw-bayns
origin and being dependent on me present
And rAsrs', Merchants traders. and the public s.nersy
when they they nsee'tased TO- the bills Of county
Banks this State have 10 receive them at par unless they
on bSt when they are Obliged to convert such bill.
into funds pay their indebtedness they must
s.eo1n :st...Sed By s~ for redemption .ssacis'
Therefore The undergned merchants and others respect
fully pray that any change made In the existing laws in
asn bsnkDoe edempons for which they suhcl.nt
tie redemption Of of Backs of th. State any other
place than er esuneI. or On tny eSes terms th.1 PAI Sn
The Report Of the Auditor Of the State of Illinois
gives mach interesting information relating to Illinois
Banks The whole number of the institutions organ
lied under the General Banking Law is 81; OF these,
IL have been closed by protest. or have voluntarily
Withdrawn their circulation, leaving 30 in opera
ton The following table gives the kinds Of stock de-
posted as securities, and their amount
ylrsip. kes7 SO o0 Illinois Liquidation &l2 600 90
ni..onri 90 Illinois Inter
Iopi,ian,,, 6l7 olo COL nal Improvement 10 7o4 81
l24 600 co Illinois Iptsr-
Nora C.roiin, 5000 nal Interest. 3l2640 %
south CareIina ,,., 100000 90 Illinois and Mich.
C.liforna..., o. OCO 60 gsn 6snal..... 235 GEO 90
(l.or,i, .........., $500 90 Illinois aud Mich.