New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-02-16

ssU MS to CN nfSegos Lba ISSA
So ~ Molssses-
'rhs hn.ioess Of re sab- TfsssGry -Is: Reoeipt,
s3s7 AZ Is; Received on seccunt CT Lo.n 30 ~ 80
-, Cos,ons. ass eco: Payments, $i,V9ooS 70;
C,Nso,ni.. drafts. $500; ssDt % NeT'UeAns,
s50O Coo. s.pt 70 Bos:op, soooooo. s.l.ucs,
s., $50 20l Sc.
The Increment hiss beer large 70 ahy ou' tne
Street gain. On. trihe. The 'ecep's i'' 1uN's &c
quite moderate.
/. i. tie 6ondholdsrs s.oekhol ieIs s1d creators
The Chicsgo. S.. Psul ard Fen du Lsc kos1' snl h''
Of the Ia Cro,se Rosd, vino have meet 90 me
Eth inst, a. No L. wsn street. Tee oll 10 An-hor
ze the ,ae Of this road and to enable the purchasers
to form q corporation passed the limos seha,e Oh
Tuesday sst. The blsiness Of tie Clearinghouse
today was SIS $40, 400. Toe organization Oh tae
Bullion Bark Will be announced IN few days. fH-
teen directors have already accepted, with fequre-
ment that each ore shall hold $40 Of sock IN the IN
st.uticn New converts TO the scheme are dsiy beng
made The market for Treasury notes IS very
duN a. Ia l.. discount, and the amo1nt Offer
ing for sse is large. The demsad Tor the
Government loan is also moderate, but We no.
tice sales of $4,000 privately at 1923. TIE foreign
bills of Exchange alluded to in our dispatch from ha-
fax this morning negotiated here by party who
had sc office on South street. and who came here with
good letters Of introduction from Amsterdam. lie
pretended 10 be engaged in trade between this city and
Bsrbsdoes and sold more or less genuine bills OF the
Barbados Bank. The blanks of the forged bills
were apparently genuine. The smouot coll was
fl2, 600 or fl5,OO0, mostly through German brokers
and to foreign houses one of when ssupposed 70 hod
fs 600 bought of house which is fnly responsible.
The drawer of the forged bills disappeared without
beat Of drum about ten days sgc.
Tne Board of Brokers took step back ward to day,
by adopting resolutions calculated 10 increase the Sc
cresy which covers its proceedings. We think 1t
would have been much better policy 10 have voted TO
throw the sessions fully open to the public. Such
course would remove much Of the prejudice which
now exists sgainst the Board and we have no doubt
would largely increase the volume of business trans
acted by it. We are confident tina. at least one
half the Board agree with in this opinion.
Money on call is more sbundsnty offered today, aud
the leading stock houses have no difficulty in obtaining
full supply at = cent Paper is not abundant, and
unchanged in rates, passing freely at 6d7 = cent
The banks are asking higher rates than private CAPT
talists and prefer paper to demand loans. The re-
ducton of their deposits restricts their willingness to
lend with the same freedom last month. is doubt
less true that distribution OF capital is commencing
over the various parts of the country, in the move
ments of the crops in the revival of the mauutactur
irg business TO cay nothing Of the ncre asng millions
which the statistics show now going into imported
goods and it is not necessary to make very elaborate
investigation to satisfy ourselves that money is ncreas
ing in market value not be cause TIE banks so will and
decree il, bat because, by the immutable laws
of trade, it follows that when demand gains
upon supply the value Of the commodity be
it money or merchandise, begins to enhance.
The banks ,eldom begin "a contraction voluntarily
but, like individuals, very apt to lend when they
have money and at the best rates they can, and to
curta when they find that their Of len3ng are
beginning to diminish. Thus, It would be found upon
examination that our banks are diminishing their
loan lines simply because their deposits are decreasing
and the higher rates demanded necessary conse
quence of a reduced volume Of capital, as compared
with the increased volume Of Dc nand. The matter re-
solves itself into the simple proposition that money,
instead Of remaining here in ideness, is now COM
mencing to circulate in the avenues Of trade. the
banks could not control the movement if they would,
ard therefore follow the revolutions of the great bal
ance wheel of business which now just beginning
This not matter for regret but rather for congratula
iop il is far better for the country to have money
dearer with life at its heart and extremetes, than
cheap with disorder and paralysis everywhere.
The amount Of gold to 60 by the steamer TO morrow
10 yet uncertain, but will probably be about $500 OOO
The Committee Of the New-York Life Insurance
and Trust Company appointed to examine the books,
securities, &C., report as follows: