New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-03-27

The coal tuDDage il will be seen, is steadily on the
ibcresse being weekly greater as compared with last
year. az each new avenue Is brought into action The
tunnsge this week is about ~ GOO tuns greater THAI
ast eek ard the uDnSge Of the year. by the end of
the present week. will be full 600 900 tuDs an
Gees of 20 cent on last years operations to COTS
sponoing time.
The County Of Wabash, State Of Illinois, has paid
the interest," due March 90 1860, upon all her bonds
which were Issued to the Illinois Southern Railroax
Company, for the construction OF the road
At Jefferson City, on the 2l5t inst, there que
rum of the Missouri Senate, but not Of the Houss,
present. The Speaker of the latter has reserved his
decision and at the latest advices declined TO issue the
order TO the Sergeanat-Arms, commanding the pros
ence OF the absentees at the Capital.
We are indebted to Messrs. Adams & Co. for New.
Orleans papers to the Goth inst. The Picdyrne ths
notices the Money and Exchange markets
The supply of either foreign domestic bills ia only
moderate for this period Of the business seaso, bat it
proves more than ample for the demand hit ia little
better than nominal for any description. There have
been 10 heavy operations In any cass, AID prevose
quotations were barely maintained. Offerings a. al
the banks beve been heavy to-day, and though they
were generally responded to in a liberal spirit, We
heard of larger aggre gate reflections than have trans
pired for come time past. On the stTeet there were
moderate operations in loDgdated acceptances, and
sales would have been larger but that capitalists tried
to obtain more favorable terms Holders Of prime
paper however, would make no concessions, and tho
market closed inactive at previous figures.
The KeOkuk gate city gives the following decision
of Judge Love Oh the validity Of railroad bonds:
Judge Love delivered an opinion yesterday s1Ssin-
ing the validity of railroad bonds There several
cases before the Court but the in which the opis
ion given was that of Moir We. The County Of
Wapello.
The case involved the legality of subscriptions by
counties railroads. and the construction Of sec. 1874
Of the Code, and suit upon coupons attached 10
bonds Issued in pursuance OF vote OF the people OF
Wapello County. s. +. Miller, for defendant de-
INJURED to plaintiff petition, and commended that under
recent decison of the Supreme Court of Iowa, the
county had power to issue the bonds, such power
not being necessary adjunct to municipal corpora
ton; and the county had not the power to issue the
bonds the boders dealing with a corporation whose
powers are limited, deal at their own peril.
Judge Love held that, inasmuch the Supreme
Court of Iowa, from the time the question first
presented for Indication up to the present hme had
decided that counties possessed the power under the
Code to subscribe to railroads. and at the time Of
issuing these bonds, such was the law as decided by
that Court parties contracted under the faith of those
decisions; and the Supreme Court OF the United
States had decided that where long current of judicial
decisions in State had established the law to be of
certain character if the Court changed that law
subsequently, the Supreme Court of the United States
was not compelled 10 obey the arbitrary caprice of she
State Court but would adhere to the wel-setled law
of the State and in this the District Court would
act upon that decision and sustain the law settled
and override the demurrer, for he could regard the
latest decision OF the Supreme Court OF Iowa, sane
toned by him, only as Judicial reputation, IS they
themselves had pronounced it in another case, and ho
considered that judicial fraud surpassed only by
pious fraud
From the very elaborate statement of The Buffalo
Commercial Advertiser of the of that city
in 1859, we extract the following recapitulation:
Statement showing the total movement Of grain eastward
bound receipts Buffalo, and their percentage OF the whole
move nent for four years: