New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-03-18

reless a. fund, aud ell cbsrges....... S2s ~ "os d
Ne. rrca', for The north.......-sse,es sio6s3 %
hs:YrObt. for previous two EsoEtSs 1872 u Ia % -
Total profits fer three nonis s2G2sa o5 sros II
Tie increase this year is decided and mus: be graft
fyng 10 the stockholders.
TIE Erie receipts are some so coo bebio1 the same
reriod Of last March. TIE Hudson River Will, II Is
believed, show about the same a. March, 1888, NOT
vitsstaLding the nver opens week earlier. ons
half the elective equpsge OF this Road Is now Sorked
with Cumberland eoG, at very large saving over
wood. The February esrnings OF the Cincinnati and
Indianapolis Rosd sbo. incrssse Of s. 900, although
the eastern end of the Road suher ID weeks ember
rsssmeDt from the food in the Ohio.
We hesr that there is move nent on foot IN com
meuce actions against various country banks wnish
have been redeemipg thsir circulating notes 10 Albany
and this city at other places than the legally estab-
lissed agencies. The ground upon which these &C.
tons viii be bsssd s the following sections o. the Ia rs
Of this State:
No COrpora.ion hsvns banking gogsI and nons o, T.,
note or other debt ,oed by such CorPraon for
sba sppesr the thereof To De then one
an6 every peron violating provisions Of this section shall
forfeit three times the nominal amount Of the note OF otter ey
deDce Of dett so purchased.
From the act of May 1910, establishing agencies
SIC Nothing in this contained shall BE- construed
to authorize any bank banking s:4e.on Or
recy their circulating notes .. an amount e,s than what Pur'
potts be due thereof other place. or In other man.
than 10 directed In and by this act.
The money market ia quite easy to-day st 06 y
cent On call, and sal . cent on rs;-cass p,per The
demand is quite moderate. We have reason
as yet to change already expressed views Of the
tendencies Of the money market. The development of
business is not more certain than the active
Mt of f.
IDENTIFY upon the opening of the various channels for its
u,e as upon the restoration OF enterprise aud trade.
The relations between business and cspital are init
mate and nseparable as everybody kuoSs, and it is
consequently quite as impossible for trade to revive
and money to remain idle as it has been for business
to stsgnate and money to find employment at the
tine. Hen,e if we admit the revival Of busiuess, Of
which the evidences are quite conclusive, We cannot
deny the sequence Of active money market The
only point to be settled is 10 reference to the question
Of time to espse before the real movements o. capital
foloxDg those of trade, must commence. That is to
cay, how long period must elspse before an expsn-
sion Of credit takes place sufficient to distribute money
from tie poi1ts of concentration If we import largely
in excess OF our exports our first disbursements
to foreign countries. If we embark vigorously and
e1ter sively in the manufacturing business We send
ly for cotton and TO considerable amount for wool
while in the labor which is az called into action
in turning out the fabric we also se capital in motion.
The fret movements of trade, sprinyng up during
period of monetary abundance, conducted less
credit and more upon cash basic, especially at
tue points of orginsion, or fountsin.heads, from
which the flow commences These movements
give the first employment to money. Following
Il 30 tha orinix VIII
diis-given in the second stages, from the first
movers, who have the greatest money strength to
their constituents who the distributing agents to
the consumers-expire, and we arrive at the point
when in multitude of channels money is attracted by
the temptations of profitable employment-in the
movement of the crops, advances on consignments
trsnsp of merchandise by land, and by water
&c. In cloe proximity to these legitimate results
returning prosperity We may also look for the growth
of enterprise in thousand forms, much of it advsn
tsgeous and profitable, and great dea! OF it e1uberan
and unhealthy. In the contemplation Of tbese results
some near at hand, and other remote, we may find
good reason for believing that the money gut is
gradually posing away, and for anticipating greater
activity in its employment the ye progresses The
banks, which in the natural course of things
have repositories of idle capital feel the
irst impulses Of these trade movements, and are
shaping their measures accordingly. To pursue any
different course would be to disregard the ordinsry
precautions of business men, AID to float bindly along
on sea of abundance without consulting chart, CON-
pass or barometer. The bank loans by the last re-
turns were $l26 2O5 OO0-within about 1000 900 Of
n. highest point Of expansion reached while the spe
Gle line has been reduced from s35 600 00C s25 5O0
GEO. and the osits from $l09 600 600 to $50 00O
IF 4,
are all in favor of conservative measures on the part
Of bank maasgeIs without regard TO the vspOrIgs OF
mere theorists in political economy, and the grunbng
of those Who desire TO hire money at cheap rates. to
forward their own private speculatioIs.
The Secretary OF the Interior has approved to the
State Of lows, under toe act Of May l5 1856, selec
tons Of land 70 aid in the construction OF railroads
folows:
Iowa Central Railroad. 3llSA5l
Ms,.spp and Missouri RaiEosd............. SsSijll5
Total number Of 7toco
Also, TO the State of Alabama for the Alabama and
Florida Railroad Company 1914, so acres.
Tie annexed just remarks upon the Harlem RSl-
road are from he RailSGy Journal Published in this
city:
Among the recoveries from the recent collapse in
railroads. there has been substantial than
that of the Harlem. 1t has been the victim of two
great Frauds which had far affected its credit that
II of the first 20 feel the great revulson, and
10 suffer the most from il. AT its securities went to
low Egure guaranteed T. stock down 10 cents
The road boed toe disadvAasge
OF having miob added 10 It's nominal coat by excessive
prices paid for construction and By discount paid
the tae Of it, securities The road n0whs,aadns Possesses
great inherent strength which 10 rapidly msnestng ITSELF
hAs valuable into New ch superior thai
o. the Hucon River Road for passengers and freight IL has
lately been quietd in the OF It's sck for locomotive engines
Forty street for period OF 50 yeal oy 40 ordinance
OF The City Council This most valuable concessior- only
few wear, will elspse before the whole lssLd wen
portion NV es,obes:er County will be covered
by dex,e popuson whose daily necessities oompt then
this IL also the advantage Of drawing i's stc