New-York daily tribune., 1858-04-09

fihe desigr. Of -he procu.er II ios. srscsn'n''
which 10 20 block sde ne pressn E:aogs0lsn's % u
pe,e the road 10 La Crosse and 20 destroy ihe 'fnu
e-sut bonds. Every interest merged &c tnii enc,
pri.e dtms,Ss its unimpsded progress; certahy ts
completion would aid . ,he value of our Jins a'i
axe cer;s n promp. payment Of interest l. = "
NOT TIE rights OF Tor 1lOdevs - Iet ne p-esn1 -
ern Directors # ;he Is Crosse and hhFiuke7 70 u
pany carry out the measures they have irs1gura.ei
ir the completion of the work, and We hope orr voice
will be beeded in sskiDg toe protection of our in'er
push on the horse 70 rs Crosse, and thereby
'''-'' 'N' '''''''' 'e'''' BoxDHoLDERs."
The banks of s.. Louis virtually resumed specie
psymeras OIL the Is: irst., by reducing the rate OF
Eastern exchange to e cen: premium. On ihe LET oi
May ,he bs1ks Of Georgia viii resume and on Monday
next the law Of October requires the osaks Of Pennsy'
wants 20 resume.
The Ogd.ns5urgk Seatire furnishes The following
particulars relative 10 the receiver sale Of the ooi'
srd property of .he st. Lawrence S'esnboa 0om-
pany, which took place on Friday last:
They were purchased by the American S;eamoSn ooo
Company, g new organisation, for TIE SUN OF ,t
The new Company is located N Ogdensburgn, "Msn
will hereafter be headquarters. f. 3. Allen, ESQ.,
tie President of the old Company, retains 'he sa.e
place iu the Few. We understand taas the suh iOs
which the boats were cold vii be sufficient 20 pay ,ne
old Company debts while the reduction OF the stocx
enable the new Company TO make KS n'es'"i'n'
profitable one.
TIL PilaG,lpld Ledger ssys:
"As business quickens there is more aud m lre ae-
mand for money, but ell good, live p'peer me- y
freely discounted by the hanks The only tight place
ir money matters is with thOee failing parties mo
hsye renewed paper maturing, and, WIN sucn' uete
i L,,le or no accommodation either at bank or 0n .ne
.tree. Unfortunately for the parties inleT.s1eu sne
6r.t psper was liked a, too short time. Colecuons,
which were mainly relied upon 10 meet the renewed
OBLIGATIONS have besn much less than were generaiy
expected ard confidence has been 80 sha'tered py tue
general bresk down, that borrowing on va
1. quite out Of the question. Big rates hsvs hsue of
no temptation with lenders. The result, IN some IN
tances will be further extension, or assignments,
and final closing up OF concerns IL IS no" osueu
bat the most OF old liabilities ls TO be mel nom tne
profits and savings of new business-tne gees.er PVi
ion of old credit Is ire iieyably gone.
The Boston Bosrd Of Trade had a meeting on Tues
dsy evening, TO hear the report OF the Comm''ee
spponted at the las. acnusl mcetag % mske investl
cation into the causes OF the recent financial revusoo
with a view TO the adoption of such remedies as the
nsture of the case viii allow. Tne Committee, ID foe
report enter into elaborate review OF the Oh
the panic, and suggest some changes OF lesisiSslo
which they deem caculsted to prayent, or a. least
".oiten capital for the purpose OF conducting tus'
business beyond the amount invested IN real estate
and machinery, before they commence manufacturing.
Had this saluary law been 10 operation ior tne Ias'
twenty five years, would 1t NOT have ared ana pro-
tected community, and the manufacturer alsl from
many OF the sad consequences recently e1oenenced'
which have been in part the result of an excessive
i,crease Of manufacture and competitionl
The Committee also propose changes in the Bink az
,ystem, which they think may be wisely adopted.
They recommend Legislative action to the following
effect:
Loans to be restrictedto fifty 2 cent over and above
the amount of capital stock.
Losns or discounts TO be suspended whenever the
specie in the bank does not amount to ten E. cent on
the capital.
No demand loans 20 be made.
No interest allc we'd deposits of any kind whether
those Of banks or of individuals.
Circulation not to exceed fifty cent OF the capital
No tax on the capital TO be paid TO the se. and nc
obligation TO loan to the State, money az less than sil
y cent.
So far as these changes relate TO loans ana crculs
ton, it is clsmed that they require little more thar
what lie selfmposed by of the best regulated ant
consery ative banks in this Commonwealth.