New-York daily tribune., 1858-03-08


Decrease compared with @5i9i
The Iron Bank, formerly of Rockawsy commenced
business at Morstown, n. j., on Wednesday.
The new Constitution of Minnesota authorizes any
Legislature, by two-thirds vOte to pass general
ban king law with certain restrictions and require
mcnts viz :
Not to sanction, directly or indirectly, the suspen-
sion of specie payment; to require all notes or bills
les ded TO be registered, and ample security in United
States ate stocks To be pledged for the efemp-
tonof the same III specie; and IN case OF deprecla-
tiCn Of said stocks any part thereof to the amount
of ten per cent the banks to make up such deficiency
Tie stockholders Of any bank or association to be nd
vidually liable 10 double the amount of stock owned
by them, for all debts OF such bank or association
which liability shall continue for one year after any
transfer or sale of stock by any stOckhOder. The
provisions of the Constitution are all that are neces
sary TO authorize any Legislature to pass banking
law.
At Philadelphia there is no change in tue money
market; capital continues abundant and cheap, and
good paper is readily negotiated at T. cent annumi
some choice names have been passed at less within
day or two.
ITewson 4 Holmes Of Cincinnati say:
The demand for money has considerably increased,
but good paper has been passed quite freely at 10 to -
= cent. Second paper has meved with great df-
iculty at , to - , cent q month. The increased de-
for money has DO doubt, been caused by prepa-
ration for the payments of the th inst which are un-
derstood TO be heavy. Confidence il quite firmly es-
tabshed, and in the main the market is better sup
Piled with capital, with very decided and growing
tendency 10 greater ease.
supply fully up 10 all the wants of the market. We
continue our quotations. to y cent prem, with oc-
casiOIa sales al below these rates
Tie Boston Circular of Messrs. Dupee n Sayles las
the arnexedinfomst.on upon mines, &C.:
M.NUrsCrURGNG C0MF,NEs-The tendency 20 higher prices
for srcs in the been recently somewhat che ket
by the h In the value tie material The annexed quota
tbe 18Th u 1t /. .t impossible se quotations
ceIt foI those noted in 'he column OF .-si sale
Land STccEs-Fors org tine neg ccted land companies are
ouc more attention he deInsnd i chiefly specal1
,n Wsyerv and Cary are tn fyorire. 81
On hr en .i bot has recededto H. On the 1t Jan.
- ,t , reduced 20 $3.50 were 2 75 TO which ar
90 be- 1 80 d woh al 10 cent. per foot slii2
IS ccn. aud since NAV 1851 a. nearly - per foot
BoADs-Prcts have been gradually isaacaa The LnAIke
t OF srtasts recently been called 20 the Sew Loan
city boud they do n2t ctrn'lnd 50 hish pIc Cl ls o.
tqsy .Aie h regard 70 the sx'ineni OF IL hHans afsir
,tie sud general dtion will most nvorsby compare
viii the the Atlantic coast Sowh;randinz the lhse
involved BY loan to them Of IL credit, The whole debt Of
sI64 ias been contracted cy for municipal purposes
Tb. j. but q the assessed valuation. relatively s-l
,mut deI.ng its constantly increasing ppulstion aud
,S Wien compared with other ase cities of the United
Tt boud. are rsvabe part beanr interest .eu anu
sly cent, and the remainder ~ cent anIdm, July
oren.bur1h bond. in demand uuder the
fvorsb prsIects their conversion into the stock Of the
p ration which will hereafter ansse the property Of the lac
Northern Railroad in New fCgk ndsr ne~ cArie and y
srcn ct Of Lesure OF that State the holders Of the
.ord mortgage have orgsEed corporation % Be known
as Railroad IL place Of the Cancelled second
bonds stock the value Of 8 u bs issued for
70 l. cent making the cspi. : l5-Wo circular viii
he ,ut s the Board of Directors 70 the hol1ers OF s
ft morgsxe bonds. setting 10th TIE present most favorable
eordcu Road and asking extension OF the oan for ten
,ears der the nasnce Of thi, change Of the bonds into
tock the second have recently advanced firmly to ID
. The fIsi mors'se AR eand & 30 ,o 20 ...irsd
Although the stins roads higher prices have been stae
In than the present quotations yet the sverase rates
m dyspce Of those given the 18Th u The Ueaie chang has
been in Michigan Centrstrom s6 In January 10 "a on tie
1Wh inst. =, .,
MxEs-Mnns Shares have suddenly recovered from ther
This the demand for ngot copper botl
sde f he Asntc Although this demand in great degree
speculative there but little doubt tina. the present prices
easily h. uAiutsiDed No article of me chAndse be
easily controlled The consumption and production almost
win ~. srss e, ~ and