New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-08-24
T7c CI:.nra Tlrlhrr, -sYs:

the greatest possible amount Of tine u TIE II sang i
pose Of the officers Of the bark. This acsouphsnel
The work Of redemption is coume ucea II zen ana y
ce nj pieces which are counted in the same SLOW eu
deliberate manner in which the bills had been counted
gentleman who had the euriohty 10 time me opera
ton in ole instance ascerAned toe rate 20 os solll
$500 per dsy A little Over thiry-.tree days wouh,
therefore be consumed IL the redemption Of spackage
OF $1,000. Among the bsDk pursuing thu. course, We
have besrd mentioned the Merchants Sank 9, Carni,
the Bank Of Illinois, et NeT-lIsver Gslatln county
Bark the Bark OF the Republic, I. l. Tokhan y
Co.'S Bark, and the Bsnk at McIesnsboro, Hamilton
county, all Of which, We believe, owned IN Chicago
We are told that !, s common practice WITH many o,
the owners Of these institutions 70 scour the city ani
country for dimes and hall dimes with which TO make
a show Of redemption, while practically blocking tue
wheels Of that interesting process. We believe tcere
il case now pending before the courts OF this safe,
which IS intended TO test the Legality Of this mode OF
defeating the plain requirement. Of our banking law
We cannot doubt but tha, the decision VII De sdveFse
70 the banks
Tie Ncf- Orleans Picayune, OF Angus. l6, says:
"Tbe anticipated shipments Of specie from Bcszos
Santiago were received yesterday, and srs as follows
Pr s.esmstp Indanola -
PEI steamship -' 20
esl''S' -
This sum exceeds by ever three hundred thousand
doars the decrease in specie column the past week
ard viii ensble Us 20 show increase % onr next
report should there be further shipments to the
North or to Europe. This, however, can hardly be
expected IS most Of the above il in Mexican dollars,
which are in brisk densnd for the European market
and have advanced here today q, not withsandng
the heavy receipts. We quote e. the ruling rates al
close of business > per cent premium.
a movement in Schuykill County, Pa in reference
to railway commune alton with Nev-York, just now
creates considerable discussion n that quarter TIE
Auburn and Allentown Railroad Company proposes TO
finish their road, If the coal operators ia Schuykil
County will subscribe TO between 5000 600 and sjO,-
COO OF the stock, sufficient to constitute guaranty
that their business will after~ard be sent over the
rosd The subscription viii be received in coal. The
Navigation Railroad Company, chartered in 1851, ard
which have just organized, are authorized by their
charter The Mining Record says, 70 construct road
from Auburn 10 the western terminus Of the Auburn
ard Allentown Railroad 70 point at or near Potts
vile. This, Of course, will be an important Ink in
the proposed railway connection OF tie Schuylkl re-
sior with New-York. A corps Of engineers have
been for some time engaged upon survey o. the
| proposed route.
| TIE Cincinnati Gazette says:
The competition for freights between the agents Of
railroad companies has led of these parties, IN
their anxiety gain and retain favor with shippers to
adopt many oose practices one Of which has resulted
seriously, financially, and 1t may be legsAy, 70 tne
parties concerned We may say Il has been common
for agents to certify bills Of lsdDg upon the assurance
Of slippers ths. he goods specified in the bill were be-
ing Forwarded 70 The depot OF the road represented by
the agent This was done of course, only where Inc
agent had confidence in the shipper bu, the practice,
nevertheless, which a violation Of correct business
principles il is also OF the spirit, not OF the letter.
Of very stringent law OF this State is hable TO be
abused il opens vide the door 10 fraud. SUI cal
culated to destroy the value of bills of ladng when
used TO enable shippers to negotiate drafts against
property forwarded TO other markets. Trouble has re-
suited from this practice heretofore and TINS LED 10 me
passage by the Legislature of Ohio of the law to which
we refer and copy OF which is annexed; and trouble
is again the result Of the misplaced confidence OF the
agents in question. mercantile house OF this city
has stely II appears been obtaining certified bills OF
adng for -four In advance of it, delivery and the
icstes thus given used in negotiating bills and
securing their acceptance at the East. This worked
smoothly q, first. The -four was purchased and sent
forward within few days OF the date Of the certified
bill. But finally the business began TO drag, and at
last the shipper failed, and when masters came 70 be
overhauled appeared that something over 900 ools.
of -four had been receptet for, over aud above the
amount actually shipped. II further appeared that
bills with bills Of ladng attached, had been drawn
against this -four sold 10 bankers sent Est. and there
accepted Thus the money Of innocent parties was
obtaLed, upon the supposed shipment Of property
that had no existence. There is only name by
which this can be called, ana that is fraud This il
the title by which it is desgnsed in the statutes OF
Ohio, and viewed in this light by our lawmakers suit
able punishment was provided, with which fact il
would seem people hsve not made themselves sufi-
GENTLY acquainted That the railroad ageots are par
ties TO this fraud there is no doubt but not Intention
ally 80, satisfied They are the victims of mis-
placed confidence; and either themselves principals
must suffer to the tune of about $1,000"
From tn, Mii,or,i Democrat, l7bsiHs.
We regret TO state that the between the banks
and the sudscious holders Of their bills still continues.
The wespons used by the antagonists are, however,
very different. The bl-hoders present their legal
claims, small rectangular pieces of paper, and IN re-.
sporse they are mo6bed. They ask for money, and
get rocks in return but 10: those metsphorcs rocks
which returned miners carry in their pockets. In
other words they literally stoned. The country
banks of this State rest solid basis OF powders
They found 10 be excellent substitute for coin
and bullion. We are informed that on Saturday last
the stror ges given IN Chlcothe that
this novel species Of funds would be dealt out literally
10 Sly persOn who wouli present bills for redemption
10 the State Bank, located in tbs; important city.
gentleman from this city, laboring under lsmentable
ignorance of the financial Customs OF Chillcohe, pre-
serted bills 10 the amount Of sll 900 TO the bank
When he hsd received $500 in silver, he found the
banking room filed with the high-spirited Chiiicoth
ans who fret threatened 10 stone hun, and next ,sut
denly ascending the highest submities of the Lynch
Code offered him the agreeable alternative Of
leaving town in FIVE minutes, or OF submitting
q disocstion of the neck by the welkno~n process
OF hanging PreferriDg summary exile from the pleas
ant haunts Of Chilc0he 70 summary execution from
the limbs Of Of the trees which adorn the streets
of that famous city, be proceeded 10 -. Louis with al
possible dispatch. The bank glorious victory,
and the multitude Re ooed. Who vii dare hencefJrth
t. make sacrilegious war on the banks ask these
institutions TO redeem their promises 10 pay The
golden trust Of the Hespe,ides more iormi-
daily gusrded than the golden coins which are c1t-
fered in the state Bank OF Chcothe. Unfortunately.
the coins belong to the supplemented citizens Of St.
Louis who for considerable tine have been founder
iug in the sbsuId that country banks by their
promises TO pay, broadly engraved their bills,
aid by the laws Of the State, are obliged to redeem
illusion. 1t will also teach thsm tina. the presentation
Of bill to country bank places them instantly in
sts'e Of with that bank and with the institutions
Of the Stste generany-a predeament very trying to