New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-10-18
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deusnd fo money is no, very urgent snd the Oqu,ry
CD first class paper is resdi met at soou; = ceat'
Long paper, snd that woich is not well approved IS
still out [, favor snd cannot be paced better thsn at
rom 70 = cent month
Tie Lou,srsAs Journal of the 18Th says:
"Ibe BAL b. came to the relief of the busness CON-
munity ard discounted with more hoerality; Ae'ter;
dsy. boeevtr the market sgsiu indicated ssisn OF
pressure in bai k while out OF doors it vas not pr
c.p.ible The produce striving csu;es deDaud FOR
mercy and eble Il VII tnay relieve The ma ket ny
er ablrg tie FsrDer 70 iqufa'e IL csusts monetary
,iehtpess This can, bOSever, be obvisei by the
banks We notice tlis is fbe in all the Western
markets ior the reason, exchaoge 10 not IN onsk
c-nard, though We cabno, a. yet cescge our quota
ions which are prem. IN bank, ana q out OF oanS
for Neu-lmk sb,.'
The falo Express reports of the grain trsde that
tie receipts of whest by Lake Erie at Buffalo during
tie fret week IN October were | 800 bush This
far exceeds the receipts Of entire month in any year
until SEPTEMBER 1855 with the single pton Of
the fan inc year of lSiSas the following figures show;
Is47 June bush. 500 1883 septsmber oa'Al W $50
lg47 Oc,ob.r en- efO 1885, October. Joy
lsis ELECTROMAGNETIC Oo 1854 November....G 81 900
1880 October 0o9 S00llSa5, l,oo.u
An important decision was rendered on Tuesday by
the Cucui. Comt in Coyips ton, IN the case OF X. H.
Wirslow sgsrst the City Of Gov ngton on an sppeal
from al interior court where the city was sued tor the
interest upon bonds OF tue COviDgton add Lexington
Rsilroad injorsed by the city As the decision IS
specific besripg upon the law Of Endorsements oa rail
road bonds We give entire the Judges decision, as
published in tbe Cincinnati pspers:
This case arises Gu. of the aci of January .. 1872
au horzrg the cit, 10 irdorse the hoods, or to loan
The cfec .. the SAID city the Covington AMI Lex
ips 90 Railr, al Company, which was aosed to issue
btrds 70 the amount of goo 00O TIE interest due
pay sble in the City Of New York lat September
1855 being unpaid this suit az sin.t tue city resulted.
al. 4 aYlu nm n
was reuceted, tbs, the portion of qlsintlf 90 dis
missed ard &c ST def, ant, the City of Covngton, re-
yef fOm the plannii her costs IN the SUIT Plain
pesed TO this COut, which now a 'us the decision
of lower tribunal. The decision in tue following
words:
:" suppose that when such bond a. tue one for a
thousand dollars described IN the case, aud tue c>u-
poDs attach ed, presented in the market the buyer
would be r. qnired 10 inform bimsef about the Law
under which the bond IL maie. There can be no mis-
take about the right Of the Railroad Company to make
the bond; then the buyer ia unwilling To risk the
Roiross Company, and desires to bold the City OF
Coyit on be looks al the "a section of the la
and there he lears that the city is authorized to in
dorse nay loan the crert Of the city in any man.
it msy determine but not until mslority OF the
qualified voters of CovDgion shall have consented
thereto lie then looks tde bond aud that the
city assigns the transfers ard guarantees prompt
pay ment. He then looks for the authority of the
agents officers Of the City of Coeingon for making
n csc pledges The ordnance il then looked to- AMI
voters of Covington have consented that the city in
d, rse the bonds.
HE will not look for the pc on sud count the num-
Der WOO ,'en.d IT, viii he inquire if the petitioners
were qua fled That mater be nnds determined by
be City Council, and he Will look no further. Bat 10
Bis be finds that the voters consented DOLLY tbs the
city ndorse There is no pr.tsDse in the CT records
hat her- vas spy cocsent for an assignment or snar-
atty. The Ordii aoce then pursues .5e consent ana
authorizes only ndorsement. The second section Of
he ordnance, il sppears TO me, is surplus,gs It
ouIts to Lo'bDg more than the fact that toe city
pledges wba, it would be bQUu TO pledge whe never t
Idorses the bonds Of the Ialrosd company TIE mo
u eDt the city indOrses sucn bonds it ~ teauiri
edges The ath of the city for the prompt payment of
be bonds. ThAt section Of the ordinance does Ut
nor enlarge the obligation Of the city. Then
there horty for anything but an Enforcement
by the city II il not pretended 10 this action that the
sane s against an ndorser and therefore there be
no recovery.
Wherefore it is adjudged that plaintiffs petition be
dismissed aid tbat the ceendan' OF him It's
costs, ana therefore il may have execution
Markets-CnEFuLLy REPORTED FOR THE N. Y TRrsUyE.
MONuAY, o.. 10, 1859
AsHEsTte market easier for both the deaad f.if
s,s OF IS bba Pots % and ~ bb Of Pearls AZ 81