New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1858-01-08
In he.e remarks. The Superintendent Do No, ssne

IN M 2 D.
IT, fses tiat n. in 1eae liabilities o. The
aIIs Z this had been carried up during ihe pf
n o 70 ma y d "a b: heir r-sa. e utterly 4
gust, risn demand vT coa, ~ PAM a'E
III fct tina. about the October ais: Of more than hty
cd tsuks located IN ih!, State 20 b" rn daily u our Nv
psr.rs bean tell farfuly The public grrsrAy Ing
merchant the mechanic the SToceT aid he 5icher e,S -
the morning BY Xaius Ths erkn hsnls nI 50. ~
blk note 'hs; passed freely y ,'eTsy was isc'te 's
Il not 20 b. wondered a. 'hst T. ng - di,s. sal
With arge majority Of our currency secured y arPl ~ u
!sn place upon currency sOne The currency had ben rey
rtF2td during he month Precds ~ S; ,aPen'ion ang
in quauie. sufficient 70 produce such Fes''l' 49,,
nor arf and uighir PC'sI lay dormant A. vt behind
this disturbed cncythe deposi,crs In GU bank Usually
Tt arciy Of noncy in the City Of NwYork amaas The
merchants sId business coutrged 70 increase s'esdy aud
surely during sp,snbr the ra OF nie', $50 steadily ad
& .rnp,. al expansion Of aa snd ,soosnt, b. the baLk.
IN that cy. steady and esfiL contra ;ia Wa b'san
The banks the merchants body Capital in the shape Of de-
po.. the fret tine in The history If 'h country and
aeA' the banks The sIe:i coneenrsied eel lean was de-
msniei d IL such mt ne. A,a.e tIae ne
.lt ha demonstrated spd Tia, TO- In tones That canno;
lar Of coin 70 nearly nine OF INN. dis'e lAh WI podSce
hone psni Of bauk creditors. and home demand for c'n
What should both the banker and the publ ham from orr
se supeusor In the opinion Of the spern, uls I'M
Die that system " paper credit. may De- 20 ehsea =
T. ,p The position Of our banks Of imminent Pen even
With contracted currency That the greatest dsnsr 20 zoe
49,, a. well as 20 the public lies IN the large amount OF MS de-
posts. and the Iess, in the currency he Issues.
TIL idea that deposits wert dsiseiou. t.seh. :" 80. & n
month would La,e stamped is Pr.ae;aSt Is snt ,
will be los; upon bank officers snd directors VINO tee 1n
.rcnsibiy committed to them 1hr test OF success
su@rt Of dividend. drcaTd Oh; WI Y. ne d Ircv ike
b, i bv the fee banks h. State sup"usion OF sPe
ce IryucIrs arising from al excess OF paper money yer wiz
can taxi place The element OF weakness DsA1 ' "Ns'
L. .N ia aF~srlr this tFt
Tho fir. step IN the direction Of resumption of 'pecis
paynents BY the banks OF this Stats, was the sdopl9n
an The 7th of November last Of series OF rssoai
ton. by the NewYork Clearing House, requiring the
their usual daily reden p.ns a. me y pm, 9D,
The lily banks holding in sed p Hage OF 500 eSeG aey
rsorbs tos bank: to resume the payment the.
at tie rste y & cent monthly commencing on Ine sI o
% fm the Is, Of De.euber upon thus scaled up and
in No. by thu city banks That the.e terms were liberal on tie
part Of the city banks M 0S w sd to the winding up Of
.y. OF the interior banks OF this effect no cause o1 c
nd hrk a csnutt recover itself under this arrangement
had better for OF both It's stockholders and creditors
usInson Of specie payments looked upon by the void
a. en- unui,igsted evil and s always suppose 20 ~ b ~ ~
an unlimited expansion Of paper money That TINS mss osH Tvs
Tbis supsuioa has produced such results has been fol-
owed by steady and certain contraction Of our currency
While the Superintendent aducs the courage tina. prompted
b hike 10 a return OF specie payments and at time when
al Europe Is in monetary couyulsion ne ealoe oTt
mnn II would hardly appear him that the paper credits Of
or county he'd oPg5GSGlefd tor
9p e Ffss PSy1s nF nd % alone can place cap.
and credit il such a'i produce healthy trade aud
10 show that the specie reserve should be least pccut
upon deposits in the NewYork banks and that wnot be
cripple their usual operations the following
Of those banks sine. 1888, is presented
The first 81 weekly COMMENCING with the act Of
1855 compelling these tatemsts to be published show The
of specie om the 9Th of Aag.t & to and including the
or nearly 10 cent Average loans AID discounts
The following year ending july % 1855 averaging again the 5,
published statements, shows the specie 10 have been S 5
aid average deposits 26o? 679 within ne smallest fraction OF
The following year, Guiding on July 81, 1896 laid the foundation
of Suspension in connection with the csus. heretofore 10
pa "a. ,Hs grr @ tiwc sSi St 40 los, 81 n.
million in the specie reserye increase OF deposits OF
$4,000 and coIrss,udins increase Of loans Of oycr 80
The year ending July - ia57 the iytwo weekly statements
show the III ETee! Wa, pursued with c51.cd ysor no,
GtI.it. rose +s2roii T6e ionaet drcrt'ns nearly
discounts rising lltoo5 Average specie rate I-ss than Is
b S sn nDi @ Il o .Hss sid dirn. from the
- Of ;oSsid tGOo SANE a. .%s 'pec 'cr'' tel ~
On the sth loas and dcOuns again rose nearly $1,000
TIL. would that both banker and derosor commenced
mutual onslaught; the one ulon his lue Of o~, aud discounts
ducDg e lire y tie 10Th Of October 90, ne wss1 o., oyc
The banks holding heir specie esr quite .tesv with occasional
slight fluctuations until the 18th ended by tile b.Iks 'u'P uds
one OF the strange pccusric. Of this Who'll. proceeding ia
that during whole tine August 1883 70 The su.pen.on
This fact clearly duoisrate that whatever may
lead K .TI'2n s1 l" OK r. +, S a5 Az e
Til. prop ion Of the Superintendent 10 compel the banks N
the CITY Of nalsia Of ~ q cent Of
specie upon their weekly balance is returning to the pont Of ac
nom the sh Of Auau. 1885 July %, Isd We all remember
those years passed rousy not only win the people OF the
The banks this state fI a. the currency j: conceTned d
Bks which have taied) in the opinion OF the sren
tendeIt, In the main sound -.
papr currency dts convenience son. win continue It's existence
hape where @ b. found one that ence' in safety tho
one We present The loss Of actual money By -" people
Of the State By the failure OF free bnkcr not 1.-THE OF what
would have been coin hsa ben gd "a tnr pa ..
between and 2 cent g annuIu, BY aua inst Upon
silver is comparatively 'si om the superior hardness u The
metal.
Markets. Carefully REroRrrpIoR TIE N TRIsyss
ASHES-The market active bils but price.
9s Lowell a o. 40 0 o ~ S :. P IS soo
steady =. , .o s, .,.,,. .... .h
. 3D. ee R Of S are m ssT'
bales price yet unsettled and We cal only give the phce
Of Nidd.ug Upands which IL &c
CoFFEEfbere sa better inquiry q, yey 'te.y prizes: sales
o. Sd III, C vcG G mot notice in gu,
market for Western CAM, Flour the demand il mainly tor the
trade: The extreme rates ahrd
moderate and the closes steady; the
sales 7O0 bb a. ~ s. for common TO good STATE
81 - do. ~ S9 81 ~ or superue Indiana
Michigan Jd - for extra do - 100 s. . for com
good Ohio IS 2jQ6 % for good 70 choice do IS -
81 IS FOX ST. Louis brands sud - od7 20 for extra Geuesee
Canadian Flour il vel held arrivals moderate. the sales
bs at ~ SD ~ IS for sup-rne aud 81 odd &c for EXTRA
brands Southern Flour oi red less freely; prices how.
without change ho demands general aud tho ar
yss msdrsie; JO bbs a. ~ Jd - tT MIXED 70
good brands Bsiimore and - lod &6 80 for tf better
srsdes Rye flour !. quiet: suppy fair SALES OF 30 bbls It
$50 81 Corn Meal j. held with much frames. sad Is N fair
/. msnd bbs % . for jerry and % ~ Tor
Brsudywne puncheon. 81 Buckwhest Flour il " moderate
demand ! h.