New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-10-07

st,bcN Tchants Exchange.
, Arb.,, q. Ncoay's regular daily auction ssls If
Bond, and Socks will take place tomorrow
Thursday, NJ ~ o'clock, at the Merchants Ex-
charge. vsie, of securities viii be offered.
Tie specie movene y; has been as follows:
since l.. Jsn
ESpo,i. from Be- ss,.eT; Sss,ss ss =
,>sslsass 81 0d.ss
In ports from Csrorris ......... 50 s,0if s,2sS.N
Imports from Europs, Ac.........-.. Ls.NSs SS'.Hs
To,sl.......................... .ss,@tsS saSiti.
The scheme of Bullion Bank which our co.empo-
rares have been discussing is simply this t. sccnd
bank here AZ the OF finance Of this coitsenk
which shsil discount rot, some say, lend on eosd
and moiteagel only 10 the extent q. It's capNSl.
n deposits are not to be used any part OF them. By
the bank, BAT TO be retained always m actua, cash
TO tie order of the several depo-tcrs the deposits viii
consequently be always to the fll amount on hsnJ %
cor. The revenue of the bank other than le interest
on lis capital il to consist Of mail bank ng con.
-. missions charged 80 depostor; ., small acrcarts
more on large accounts less The largest commits "
proposed IL ITO of Y cert, or s. on a person
come of 5000 per snnumi on larger scoounts.
~ 2.ico Of 1 y cert, and on very largo accoun.>
snail annual sum in lieu o. commissions, A e pro.
ie,,,rs propose to limit the dividends 20 v cent
thess charges will be reduced with the increase a
busiusss. and will always b. kept dewn 10 tho
smorrt actually necessary to pay expenses.
1t is urged by iAe projectors tina. Hthis Fsak be il
frSrate hands ans consequently its cs1t psrect, ito
certificates Of depoet representing actual coftsu New
York, viii bc the most desirable medium Of renhtAncc
and will BE- used no. to circula., IS rooaeY SEA fot
purposes u remittancs to extent sn.hciet sas-
tain the baux, that thy viii be he lest r.m, sas~
from New-leek to paces in the inrs- ioiu TIE ~
terror to Network, and from gro vincia towwtA
another, because coin in New-York H. for he r,esx
part, at least coual in ysluc TO coin aay place Oh
the Continent tsst such certificates VII hear a pre-
MUM all oter paper IN distant plsc~ suficenttS
than repay Sc small o.smsion Of h. bank and
that, therefore, it will be the interest of p;cs to deal
with the bank; that all this wiz result in very much
larger stock ofcon wing retained awdysin few York,
which will belong nos 70 the bar but 10 its merous
dealers, the bank be,g only Gus. ,dian 1t claimed
that these operation, will make our domestic eK-
changes stable and keep the whole country iRncally
steady and strong, bc,ause New York is the banker
of the continent aud if she is strong in ready nlosy
the whole continent must always feel strong. We
express no opinion the project but only state the
argument Of its projectors; but .hink cotem-
porarics have, some of them too hastily assumed that
tine coin lodged in such bank would be locked up
unemployed, unless they believe that the coin now
lodged in the Bank OF America for the clearing house
il unemployed, whereas know that the specie
lodged there changes hands rapidly and fro
quentlv than any similar amount of money in the
country.
Nor must this bank be confcundel with the Bank Of
Hamburg, which is rigidy bullion bank that IL
coin he deposited in il the coin at once melted up into
bars of bullion and is taken by that process conpsr-
etyey ont Of circulation. Nor does the Bank o Ham
burg allow, hs bank proposes TO do transfers by
checks. The rule in the Bank Of Hamburg is that Q
principal Of the firm having funds there shall appear
personally at the hank and there transfer the desired
amount the books of the bank aud a sum once 10
transferred cannot be transferred again on the same
day.
Whatever may be the merits of ihe project, Il has.
we learn, received the full approvs, Of some emincM
men among statesmen and among themerchants Of
this city, and some meetings have been held here in
relation 70 the establishment of such bunk.
Tie C&icogo DoRy Press and TyiJurc OF Oct. 2
says:
We understand that measures are teiue taken fora
reorganization Of the various interests involved iva
the Chicago, ST. Paul and Fond du Las Railroad and
which look to the early completion Of line second u
none other IN it, importance to Chicago
The trustee. under the X y cent mortgage which
embraces the entire l9G miles Of road nom Chicago to
Oshkosh "a first lien upon that part north Of Fond du
Lac and the land grant and second lien upon the part
sonthward from that point to Chicago hayo entered
into possession, with the assent Of the Company aud vi
delegated convention Of the Stockholders reading
along tie line A committee oi the 80, ShOters has
been appointed 70 confer with the classes Of
creditors, with view to the adoption Of scheme
for the tmicoble AMI equitable adjustment Of all inter-
e-ts.
If plan Of this nature shall be promptly agreed
upon and carried into effect, it will not only increase
tie yaue Of the entire property prCaO.0 the interest
Of creditors ~ well Of the stockholders, but viii
afford most useful example TO rnsny other OF our
Western enterprises involved ID similar embsrrass-
ment; an example showing how mach wiser for all u
prompt reorganization basis Of mutual conciIa
ton and octeai raiacs than the waste OF the
property which results from any conflict of the par
ties in interest bringing with it toe often bad admins
trs'iOn and delays in getting the unfinished work into
productive condition be side the direct injuries which
the parties find themselves capable Of inf citing upon
each other. When the rcorganza .on shall have taken
place the enterprise will be in condition 10 receive
that aid which line through tn fertile ALLEY Of the
Rock Riyer-the growing intero' cities % The North
forming the best communication with Minnesota and
the regions of the Noith-We)., val Ia entitled I"
claim from Chicago.
4 correspondent OF 7'ke Ns gsrt Rc>sLiie0a, writ
Inc from Chicago On the 30h d., says
- mast important suit D. pend ~ before the
United states CTcuit Court, ne Hon John MGean
rr-ding which attracts Il OF the public attention.
The counsel upon both side il numerous aud very
able The parte- are Bate, Of Detroit, against thu
Illinois Central Railroad E anpany, and the resnt in
volye. the title 20 oil The pot ~, and. aad the i'm
rotn-c frc g, and passcng< u depOs and gain ware
houses. worth not ess than two millions Of dollar:
The claim ct Bates ! founded unIer tlle obtsinc'
from knzic 10 the lands vh,oi the company nav"
built their depots which and was ~ W aeu9n ot inc
lGkc Inundated 10 consg lucnct oI lLe Ni,rn S1n"f
Government building pier Ito to AXE iol l1rboi>
..The Government. after having odd It to Klnzie,