New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-08-10


The business Of the Clearing House 1913, 65l
The Michigan Southern Railroad Company has COM
menoed legal proceedings against the Corn Exchange
Bank for 1888, O00 the amount of bonds withheld by
that bank after the loan paid for which they were
given as collateral The bank holds other $4,000
bonds which it claims due by the failure to pay
the coupons, and of which they claim the payment,
meanwhile holding on to the l53 bonds as security.
The registry books of the Michigan Southern Com
many have been removed to the Bank Of North Amer
lea II ia understood that Mr.. Davidge President OF
the Pacific Mail Company, will resign that position,
and be replaced by Mr.. Allen McLane son of the hon.
Lewis McLane, who has been for some time agent
of the COMPANY at Panama. Mr.. McLane was for
merly Lieutenant in the Navy. A California arrival
is now nearly DUE and will supply the gold for the
Saturday shipment by the City of Washington and
Illinois. There is more activity in money, and tend
encv TO better rates of interest Demand loans are 50
q cent and 10 some cases q cent. Short paper
double names 506 2 cent for Short and 81 al cent
for long. Single names . cent.
The old project of uniting the Harlem and Housa
tonic Roads at Dover Plains and Kent, where the
roads are only eight miles apart has been revived. 1t
IL expected that the travel TO Lennox, Stockbrdge,
Pittsfeld Great Darlington, and other towns in the
beautiful county of Berkshire, would be much in
ereased by the Housatonic Road being connected with
the Harlem at Dover Plains and the necessity of car
,vino the passengers round about through Bridgeport
obviated. Berkshire County is admirably calculated
for dairy purposes but takes too long by the present
circutous route 10 bring the milk to the New-York
market. II is believed that the Harlem and Housa-
tonic united would command large snare OF the Can
ada trade by way Of the Vermont roads aud the pts
field and North Adams. The required eight miles to
connect at Dover Plains, it is estimated can be built
for 100000.
The Treasurer of the Galena and Chicago road under
date Of Aug. g. writes:
The accounts of all our agents and connections IN
northern Illinois Iowa. aud Southern WISCONSIN, unite
In the opinion that crops of grain of all KINDS VIII
he larger than ever before, and give us foil business
this Fall and next Spring. The steam ferry al Clinton
Bridge IL now ready pass over loaded cars across the
Nississippi to our track, and will have full Occupation
IN a {, weeks Our earnings are Improving NUE.
and are rather better than last year since the ist inst
hut we do not look for much movement along our lines
unt after the 18th inst
me o. Picayane Of Saturday evening last re-
ports: a,u
TIE bank returns TO the Board OF Currency To-Day
dsclose s. very even movement all round and extreme
can1ion in the general management Specie,
na distant balances have been slightly increased ior
,h ,gesk while the variation in long and short loans
show moderate contraction, and the other changes
are rather favorable than otherwise. we annex Tie
precise alterations:
Annexed is the statement Of the NewOreans BANKS