New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-08-27

Mal,....................... 80 lG'
Total..............sN,6e siL@9
lEcresse. f4,oN
The ipc7esse it will De seen, is in freight traffic, the
pss sepeer business showing large decrease.
The total exports Of railroad iron from Great Britain
to the United States for the months of this year.
CON pared With those during ike spscs in 1856 and
1857 are az follows:
1886. 1857. ISIS.
S. Diapers daily auction sale Of Bonds end Socks
will take Place tomorrow Friday, at l2l O'Clock,
at the Merchants Exchange.
The business of the Clearing House to-day wss
81, s97 ,ln.
sale of 600 Of the Government Loan was
made yesterday ct 1885, interest until lst Of January
10 90 TO the seller. An offer from Baltimore Of 1881
for 100000 was refused although il is offered at the
Stock Bosrd a. tast rate. The payments into the Sub
Treasury on account of the Loan have reached over
nine and quarter millions OF the ten millions awarded
Nothing could show corclusivey that New. York
is the great monetary center OF the Urion deposit
Of 500 Geo was TO have been made to-day on New
Haven account.
An auction sale of $40 lots of tailoring goods this
morning drew out a fair company. The offering was
mostly composed of vestipgs A large psrt OF these
being yelvets which in over supply, sold low. OF
the hgh.oost stsple goods especially, considerable
portion was passed.
The Boston steamer for Liverpool, yesterday took
no specie. The Empire City, from New-Orleans, has
sl12, eco, probably Mexican silver, on board.
Mr. John p. Yelvertoa has resigned the Presidency
Of the Mad River Road.
Mr. Alarson Robinson. Receiver Of the Hollstsr
Bank Of Buffalo, sold on Tuesday large amount Of
notes, bords, mortgages Judgments real estate, &C.,
-. Al II. L. l.
down and amounted in the gross 10 $1,000 As. Many
Of the claims such as notes and Judgments, 10 the
amount Of about hundred Thousand dollars brought
less than T. cent on the dollar. A mortgage Of
81 49, secured on the farming lands of Grand leland
cold for 81 200, and others IN the proportion The
Receivers adjusted claims agan. the bsnk were taken
az each in payment for bills. The sale Of real estate
under the ccuust,nces brought fair pric,s although
the gioss amount Of sales for large share Of its
iets, must BE- anything but fsttsring TO the stock
holders.
In regard TO the Is Crosse Road Tie La Crosse
Republican of Wednesday says:
Only four miles OF staging now TO the cars. they
having commenced running down TO the Ls Crosse
bridge Mex. week we can dispense with stsges, and
take al omnibus TO North La Crosse. We uuder
stand q line OF buses are ready and waiting
Through to Milwaukee by rail from Ls Crosse mex.
week. The world moves, and Is Crosse is connected
with America With an iron band
II is believed that the branches Of the Bank Of Ter
nessee will resume specie payments the let Of Sep
TENDER.
Tie Cincinnati Gazette of the 9th says, that the
Bank of the Ohio Valley, the new redemption bank
Of that city progressing steadily toward the starting
PORT. W. A. Goodman had been appointed cashier.
The bank vii commence operations the st Of Sep
tsmber.
The inca Oosertrr hoe been favored with the nsrn
ss Of the written opinion Of the Sprems Court Of that
district in the Of the Oneida Bank sesins. the On
;ario Bank, argued &. the last general term VI 49,
Court. The suit was brought - rec )ver the amour.
Of $i eco due four drafts drawn by James s. Lynch
cashier Ct Tie Oatsio BaIk on Duncan, Sherman Il
Co., which were discounted by the Oneida Bank be-
fore the Days Of their respective dates and the psy
ment Of which was refused at maturity by the dra xers.
We copy as follow:
The defendant, object 10 paying the drafts, because
they signed by the Cashier Only, the statute
curing that all contracts made by bank shal be
tigred by the Cssher and the President Vice Pres
dent The Court ssy thG. under the decision OF the
Court Of Errors they compelled 10 hold that this
objecticr s not good ore the. this decision s con.
elusive the Supreme Court and must be reserved
f ct all in the Cour. Of Appeals aud tha, the sgna-
ture Of the Cashier slone sufficient 20 bind the bank
The Court reIt take up the objection that the drafts
were dated IN advance. One dated July "a was dis.
ccurted June "a; the thiTc dated Angus. s. va, dis
counted July s. and the fourth, dited August Is was
ciicoun:ed July I. Ire statute lLsHs Of 1880, chsp.
3t3 sec. ~ fo bids any banking association issue or
put Tito circulation any bill cote Of said assOc son
unless the same shEll made payable de nand an
without interest The Court, after discussing the
point al length, decide that the drafts in question
berg dated in advance violstions Of the statue
src they accordingly "prorounce on the tran, .ctoa
that the psper thus issued is utterly void" soi
" cannot be recovered Oh 10 this action"
The Court ssy further: "Athougn these drafts sre
void Issued 10 violation If the statute We, 10. b.
ipg declared by the statute, they are valid in tina
bsLds o. bona fie holder, for value pad l. the
plsntif such holder OF this pepe-l Ii took the D..
per for value p.d 8. the time, bu, i took Il WITH 10
tice derived from the face Of the paper that was
Issued 10 violation OF law. II is not. therefore bon,
fie holder without notice.
The Cont then discuss the quest N whether a re-
cov.Iy can he hsd on the common counts for money
advanced on tie draft, and dec de that the evidence
VIII rot warrant suen q recovery. They therefore
conclude BY saying thst although they would b,
pleased 10 sd the plaintiff in collecting the srye san
involved il this ltisston the lew pronounces is 1d
M Ut against me demand, and the Court can only
cord It's decree. Judgment is rendered for the deiesd
ant Eth costs.
We presume the case viii be- carried 10 the Court q
Ap1eaA'. The lsrge amount in quit snd the inp,r-
sree OF he questions s-isirg r the cEse, 20 de-
msrd thst the Court of lst resolve should be called
1pon 20 settle tbs lsF involved, positively ami bsyoai
xB1te. |
TIE following sbows lie s.cek Of F,oaJ sid Gran
{; Ckesec Avg q.