The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-09-29

footing In their competition for the passenger and
freight traffic their respective lines and should
any point of difference not herein provided arise,
the same shall be settled with reference to the gen
eral principles hereby established, and the basis
OF equal and exact justice to all parties.
T~entish 1t is further agreed between the par
ties hereto that Samuel l.. NJ. Barlow, of the city
OF New York, shall be appointed as the mutual
agreement, to whom all complaints of violation Of
its provisions shall in the first instance be made
in writing, with the proofs of such alleged violation.
He,shall thereupon give Immediate notice in wri-
ting, with copy of the proof furnished, to the
President of the road complained of, and shall fix
time within five days, thereafter as the
nature of the complaint will admit, for hearing
the parties and considering the proofs on both sides
and he shall thereupon forthwith, determine as
to the justice of the complaint so made, and give
notice to all the parties hereto of his decision,
and he shall be at liberty to fine the offending
road not less than $500, and not more than
S2,O0O-one-half such penalty to accrue to the in
former, and the other half to the road making the
complaint. In case the violation complained of
shall be determined by him to have been proven,
then the Company thus found to be in fault shall,
within live days after notice of his decision, pay,
through such umpire, whatever sum he shall de-
termine not exceeding $4,000, and if such violation
shall be decided by him to have been willful and
to have been committed by any officer, agent or
agency OF such Company, then such officer, agent
or agency shall, within the same time, be dsmi sed
from all connection with such road. The compen-
sation of such umpire shall be fair and equitable for
the services performed, and shall be paid by all the
parties hereto in equal proportion.
Trenty first. In the event of any question arising
as to the true meaning OF any part of this contract
or in regard to rates classifications, the party
complaining shall, in the frs! instance, refer the
question to the umpire hereby provided for, and
until after his decision no other measure of redress
shall be resorted to by the complaining party. All
the parties hereto agree that any such complaint
shall be thoroughly and speedily investigated by
the superior officers of the Company complained Of
and that every facility shall be given to the umpire
for the purpose of fully investigating and deter
mining such complaint and that, whether by the
decision OF the umpire, fine shall be imposed, or
an oIcer, agent or agency be held bject to dis
missal, such decision shall be Immediately and fully
complied with by the road complained of.
Tcenty-sccond Should any difficulty arise in car
rylng this agreement into effect the parties hereto
in view of the Importance of the objects sought to
be obtained agree in good faith to endeavor, by
mutual arrangements and concessions, to secure
the practical working Of the principles hereby
recognized, but for the purpose of eventual pro-
lection of their respective rights either party may
on fifteen days notice in writing to the Others elect
to terminate this agreement, and the same shall
thereupon be terminated accordingly, and thence
forth cease to have any further effect operation
but no party hereto can withdraw from one or more
sections of this agreement without abrogating the
whole agreement.
Ttceny-hird. This contract to take full effect on
the signature thereof by the representatives of the
lOf llneS ana the rates OF 1reght ana the paSsen-
ger fares hereby established shall go into operation
on the first day of October next
ERASTUs CORNING,
President \. Y. C. Il. r. Co.
CHAS. MORAN,
President New York and Erie r. r. Co.
JOHN W. GARRETT.
On behalf of Com. of B. and o. r. r. Co.
j. EDGAR THOMSON.
President p. r. X. Co.
The following is a comparative statement of the
condition of the Banks of the City of New York. on
the 18th and 25th of September:
Sept. 1S Sept 25
Loans. 1924 649O1s s12l 11S 9O4 Dec S53O114
Specie IS sO3O6S IS 625 531 Dec. 1872 737
Circulation. 7,313.G95 7s6437 Inc. 5O67S
Deposits 10t 733,6sS 102 42 344 Dec 23OI 344
Undrawn deposits 81, ,129706 S60S ,S97 Dec 1047 SOC
The weekly statement of the Philadelphia Banks,
made up to the 9th inst, presents the following
aggregates as compared with those of the previous
week:
Sept 20. Sept 27.
Loans. 2i 7204i SIS l3S, 1877 Inc 166 093
Specie...... 6,S53374 6.909 9S5 Inc. $3.50
Due from banks. 2OS1,9l3 2,0l3,753 Dec. 6S,13O
Due other banks... 31S7,622 3,O20.7O2 Dec. 16G 900
Deposes II ,264 S23 II ,5O9 sos Inc 244 7S2
Circulation. 1857 ,7S1 1881 $40 Dec. 6,232
The above statement compares favoraby with that
of last week, showing handsome gain in every
department