New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-11-23

Tie second week on tie Rock leland and Chicago
Road gives $lJ,69i, against s?",N0 in the same
week las, year.
Tie receipts from lands by the Illinois Central COM
pany for the irs. IS days of November az? S07
The books Of the New-York Central Railroad will
be olo,ed sitter Saturday next, preparatory to the TN
mail election Of Directors, and VIII be opened on
Thursday morning, the 9th Of December next.
Tie following is the substance Of tie Report On
Currency read and adopted st a meeting of Bankers
held last Friday evening, and which We alluded TO in
The TRIBUNE of yesterday. Tie Committee which
reported consisted Of Messrs. George Opdyke, Wilson
G.. Hunt, James Gsllatn, aud John Fade.
II reference 10 our present system OF banking tie
Report says that difference Of opinion exists in any
quarter a. TO the urgent need Of reform. Our system
of banking coutsins some Inherent deep-seaed defect
Ii forces the country AZ irregular periods, into violent
psro1ysms of expansion and contraction. To-Day. for
instarce lie volume in this city is al i, st twcetod
what il was twelve months ago. These convu!>Yc
movements il imparts 70 commerce; for i - scarce
speaking tcraiivcy 70 say that money Is the nervous
fluid of commerce. Il perN ades the commercial word,
prompts every set Of exchange and mparts 20 CONF
merce everywhere tire principle Of activity. Wien Il
is sound, puTe, and Of Uniform value, Is !. must Be
wherc L consists Of the precious metals alone i 4. re
" cxcitcs II 20 temperate AID healthfnl action Bat
when II. quality is debs-oi sni H. volume enlarged
by engraiting Il with paper promises II the form o.
bank notes ard posts and ~ value thereby render
IL variable the wind. Il must necessarily cXerCise
IS most peruciouS iuflerce CT tie stability sud F-'-
pcriy of commerce sid through tina; oil the econ mic
AID moral condition Of the people. Il n truth ihross
around conmtIce. when prosecuted on sy>ien ~
lors credits, l., al the hazards q. game %,
CHARGE.
Whenever our currtncy : thrown into one Of: is
parcxysws 4 eXircme expansion, ~ the undue ea-
larccIncni Of bank loars- /; literally int xcstes COM
nerve ard drives / into az kids o.. excuses. rcsrr
o. 81 =. arrfrr /
however. IN severity snd daTa;oa, were 81 ncihirg
compared with ii, rvyU.slon o. Is. Those who
rscocc tie cIs.> u tia; year WI remember that the
,nbsrrassmcIis were slnos universal ard that Iner
camille Suspensions proved 70 BE- u mosi cas- = ALSO
M,e failures IL barkruptci States IS wei S. iuii
vdusls. both financially snt morally, sd gave birth
Il frauds aid Othcr eNpcdieri - li,iepl-abe a. u
stsrnp that chapter q eur history s.th iMperlslSoe
disgrace. or hsnks sre allowed 70 extend their lue.
If discount viiAou; limit, aai thus exer,ise more
dangerous and dcspoic power over the pref-!ty 81
The community THAI was ever cNc-esei y st- most
absolute government. By course y .el <. a e.
pansior followed by forced contraction, they Often
ruin the most prudent Q. ucrchsrts, trades'ren an
mechanics ElG =: causes or co-Ec.cA! lr;e-course
with other nations - Dc lnpove-.sn-ns rather than
errichirs Tie people oi toe rted >;a;s, consist
irr OF bl-hodsrs cepIsiio-s and Shareholders have
H.; By bruksr banks and Deprecated n0:ss iung re
lss, half cel;ury upward q $50 e1,ee.
- FESTIVE have come -Vrtieasen of wealth acd pEb-
- syiri become, under these grievances, thai they
propose ~ eornbsI them by private s5Orts, thro1-s
te sgencr q bullion banks TEese are efforts !, the
night eirec,cn and entitled 70 encouragement f:
every irer< Of soGEi currency. Ii Pot II successful
Practice the banks i.as established voait. 81 least,
ser-s % preserve the sJurdness Of al The netey pass
Ing tlloush tl.T hands zrd also BY foioe II eAape,
exsrsiss sAlatSry Il tuencs beyond tAeT osl sphere
They vocli ihas mitigate .1c evils Ct "a,eh Se a.
complain; bu. ley woHA ,ower.sss a. instruments
for Successfully oo1apsirg t< abuses q The present
system. Tbis re- gres tie st-os arm OF the iAs -i
iaere have bssr piosif or hs<oTy when even iaai
was founi scansy Airqus,e, pe verinl l. the IL
astros we.dG ty cla4s interests, VAR armed uI-s
rrest vssllh.
Ire rercri a..r,s that II the community there 5
6tsi .es;ed tos;-r'y = ICE usoe 'ysseE .. es-Svs