New-York daily tribune., 1859-01-08

0f wsih reoesl M Of spee p-ymen o,esusY
h, men r rO1ps sanser. frSS IS ,.eSs S ,ss % s
coo 1855 currens, hss presented .tzh, e,npu.v. ia
within prsrly IS c'o0ao of ths su'oaot Ia isIs
L. pw rpos tie rrovislen. tss pr, .-ah- h 1r.a
10 the ~ tss esrs';ioH Of Sants special syss
B fr1Si.sn. Of es.p,r q tie l.~. q Is ,Aa
cf y. sas efs s.s whose s'snsy .ape sea
s,volyd upon the Superintendent a9l sO tai,
s,.Ps.'5 ~ sSsS sse o; ,Ss sfr f.s. .'% ofs;
Ss..e essa s 81 ss ssr
est erSesycrs in eyr.or OF By s % r.snins a bee.
eey ose. .ss,a ;, % he ms h. ss.ns bal eSo.s .ss
asigs into the rial condition Of tho sdhI' Of the bank ae ~.
e.,iom Of t6e themselves sod .ot tss; hi. DATES
used ard that the property and sast o. tue eans wars
beyons hs oortroi and power wen f'' s1anrs'.n
TIE Whole s,,aory srovoo IN rya.on TO The etsns.;i.
ssnA, -e e;nA. az eSsc.rnss = ssi,.s
purely cheat Of the people Of the st ~ %.ss sh.e
believe ,ht i.Dds 10 .e.ae .semoo 's oy nose iaa
to show BY argument Si. View. In relation frs
Sse III. " III SosS .ls Son our .,s,.. .,sry
a. efsas quarterly sS ssss 1sS aud crus every s.ss
bani. ,o as essSsd az, y The .'ea.ns 'e.ss
Ia in the bO.nt. s.nkas the language Of ornsr
pori) ss its In Other branch Of human industry
or .Hrt" This opinion however nical /, may serui y
strongly hed in ,ee mpd Of the saperl,-udsu its the
sa5. OF 'n. @ .a, S., @ & The
in bis TePot 81 lie Is, Of Jaousry folio
ss s.y.. Of W. " o. NswYor to iseo - Per ces, o ,S.
deIo.,. IN tseir vaults Aud h,, The Interior s,ass
Yoh Albany Troy o soss'n the sans Proportion q sys-
,ufe tss paeed ems. voluntarily position as-r
n recommended by the Sopernenden evidently teseA
oar s.n-r law doss itself danger OF lo., (.ud
TIA. law isllns sone up a d.I9. aai ,oesaosesl
ttsi speedily which ook 10 ultimate 'oen.y a';eaa Of large
outstanding circulation Of those Incorporated bauhs
whose have expired the seth Of sepemb.r sI
rSss' VI
Soth ltemeer 1859 si"SH
Returned ard destroyed during The pa'' ,e.r. *s'a's
BY the provisions Chapter $40 Of the Law Q, 1887 Ne
OF s repres nt,ve e Incorporated bank after
se-mns per ut c soioustoni oay deposit with as Ss'
sn Of sss S,ni aus r ns notice that h ao. .,a =
redsrntd by hun during .s ,r.rs m%ees,ey t" .s asa
teu,r refunds whatever in his h'ni' to tbs
trustee a aud the note. thea outstanding
b. charge upon the property OF toe BANK of clam
re- are 10 y.d reason, why the provisions shsa
Ssst.r pS' sy srpr'a 70 Tie receivers
m. pre,sicn. Of the statute relation to voluntary closing
Of s..ocsious individual bankers are eauey
satisfactory to the sperin,euset 20 ar .hy rsi.s to ss
cLls;ion ser the expiration o, two years duIas which as
hGi he abeSty i. t~SJ Fi. OF the b,.t
the bansr es, bound to destroy the notes they or hs
rd.cr. duin1 the ys which he IA bound 10 redeem
them ~ he bond the Snpe
Of free bank cote 'uoh tbat cn easily be uA
put IN LATIN Ard in fact, the end Of six yea" whs
the obss,iop the notes entirely the whole
my be outstanding AN In thu haoda OF the co%mun
Th, IN principle aud while ths supsriatepdeut doe
nft charge thar this oEe In n.t,n'~ sta
there existing why cannot take place. no legal e.
lie .esod tcnt in relation bonding Of bank note e
authority ex't. for '. Pro'soa''ou on f.
coury with ia provo.s No occasion as, yst asss
10 .t h. relation this point notice from ala
that be the bond several instances whea The
pae have redeem tbs pes Pfesentct has resasa
Ia their poInlt r,dem Pti ~ on second Pr-.ent.ttn
The sperience the superint ndu darlg tho past In
b.nks 70 rsy the,r iuse SAT- v Fund the
ct s ~ which 20 o
py TO the Ccs either collect due the Oepsmsae
S.os. i.OtDs s.
lie would heriore respectfully recommend that losing
cent ef il. cus,.on required by isw the ooey for
led. mpD Of it, oat,taeai notes with the supsus,n
nv him eepotts lvent bank Ia City
Albany AIo a. ne expiration Of 'x ,esrs fro tns mstDs
ns al note. prsser,s ted for redemption the
that the notes then ou'stsnoins csse -
deposit. bo.hDs Of bonding bank note circaa
AooS. aad % p our
,he saper; e ne,n I. to Greet hn 70 o.y ,r. "a. ti..,.
! expiration Of six years from such depo.i-
IL will potiesd that statement shows that the debt ssy
ssS,o s but suaos tns The stock be paid SirI da
frat Of February 1866 the e',m1.s ar. eonton,d us tsss
banks hai balance at tina, date. e,-rsss
a. ~ eo If tho S yea. is, tssrs viii be "a sS.oi =.
s6 ssss an rf ut will be m'ds BY tue sup.ra-
convert put"n OF too Dossgs securities late
money this dbocy to extend ae time Of osymess
! q Of their for witch there
vi be stundsp, meet the amount thus sxsated
In result Of ths ns -ho1ns Of
uoo, the ,uppo that every dollar considered good IN
viii be- p.ia Tue ssns,e Of ss, sbow.i surplus Of ssi.
Oh. i e f ths. safety fund bsuks whose psynsnts bal
ley continued url the expiration Of their chst.f woLt
There no reason doub, that sm.s
Of THE faud will be paid In fall aud leave shands'us
.u sSsrs bank witch h.d refused 10 p,y the las
D.tan' Of the safety fund.- hs. been psndos several yes
an xplred
ss. ot York The Bass Fard was the re. paniG 10
ntet although suit brought In the of psopte
OF s ss s o ~S S.a Sssn s %
abide result Of this teir condition In relation to tsr
Z ite ac Of 5 Thi. a., changed tho Of the
cbons Of the -vers banks 10 this fnd. ny Ineiag the
words or b.fest Sl VI Decemsef Ia es Of aW
| b.fore the l.. Of January"
The tried courts below and verdict rsodeseA
Of Appes BY the deirndant for unsts Ths
decision Of tribunal claim Il snoss
tS s a. sh fe 5 be- sdS ar %
there iLbnts sinai point Of time betws~a
c. rporso exist that exse 1t the stt aom.pS
prevent 1t nom paying sum o, doe the safety fasA.
ced1s sesr In etisr ~ord Of Usos.
Whose Mr ws.e5 =, va; ~ G ~ ts '" as T H.: E
Japuy 1880 The bsDt by the acceptance of ths coutnu
SALT, fund act by ,he conditions wh eh soand N pay
the cortrbution Of oDshsf Of cent p, IL ~
H.. s,n, n which due CT before Jssasy
1885, tie pees- time ts charter EXPIRED which was ooasnasA
by special act until January !, l3s"
The decision by the opinion Of the eou. Jass
Johr sous bSeo entirely the Frounf ths tso
only cor5ostop. eI.rs the day the payment
be n.sds are iisbe y mste IL"
To this Mr. Superintendent Cook, with somstbsg
bearing strong resemblance TO imperioence places
his opinion above the entire Court Of Appeals, snA
says:
With the profound respect Or the learning aud sbhy