New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-22

bere ,ras cor ol,e uuanimy Of opinion M 10 the pol
lew and no os.v NJ the action adopted IL appeared To
he gene rally conceded that the existence Oh te oi,N'
ther seves could not be- assured Tor many Gays ''os0
$40 mercantile would receive the needed relei ny an
Immediate and extended expansion OF loahs- ih'
.s had been turned nearly To the last poin Oh en-
dn,ouce and we witnessing the anomaly Oh re-
we're ,tringency and money panic AT period wheh on
al sides were the elements of prosperity such as ts
country has seldom seen. The Official report Oh inc
meeting IL az follows We.
of New-York at the Merchants Bank, on WEDNESDAY,
tie 2rt of November, 1867 the following pfoeeeuhSS
were unanimously adopted, VIZ; c. + ~
In order TO enable the banks OF the Cry OF new
York to expand their loans and discounts, anu so w
the rurroee of facilitating the settlement OF the ca
changes between the banks IL 10 proposed that any
hank in the Clearing House Association may, at its
ouion deposit with committee oil llVe pefsohSI po
appoine for that purpose-an amount Oh iIs pS re-
ceiyable; United States stocks, treasury notes or
stocks of the State of NewYork to be approved oy
said committee who shall he authorized to issue there
upon to said deIositing bank certificates OF depos,
bearing interest at seven per cent per annum IN de-
nominations of five and ten thousand dollars each IA
NAV be desired to amount equal to seventy-hye per
cent Of such depost. These certificates may be used IN
settlement of balances at the Clearing for
Ieriod If thirty days from the date hereof and they
ffa be received by creditor banks during that period,
v,
g1eeate amount of the debtor balances paid at the
Clearing House. The interest which may accrue upon
these certificates SHALL at the expiration OF the thirty
days be apportioned among the banks which shall
have held them during the time
The securities deposited with said Committee az
above named shall be held by them In trust as special
deposit pledged for the redemption OF the certificates
Issued theTeupon.
The Committee shall be authorized TO exchange any
portion said securities foran equal amount OF others,
10 be approved them at the request OF the deposng
bank and shall have power TO demand additional Sc
cuity either by exchange or an increased amount,
at tleir discretion.
Tie All cunt OF certificates which this Committee
nav issue as above shall not exceed 5OO0,00O
This agreement shall be binding upon the Clearing
House Association when assened to by hreefourths Of
its members.
Red That in order accomplish the purpose forth In
this agreement the specie belonging to the associated banss
shall be considered and treated common fund for mutual AID
and protection and the Committee shall have power to equal
ize the by assessment or otherwise.
For this purpose statements shall be made 10 the
Committee of the condition of each bank on the morn
ing of every day before commencement of business,
which shall be sent with the exchanges to the man
ager of the Clearing House specifying the following
items, viz:
/. Loans and discounts.
2. Deposits.
3. Loan certificates.
4. Specie.
Rc,oed That after LIST Of February next every bank in
the Clearing house shall have on hand at all times IN
specie AZ So !n sGs 10 m below . proportion shall not
mae loans or discounts until their position reestabhed and
We esS eeno ol the ,e 1enns With any o WHICH shall
show Iy lie weekly statements that 1t has viola
lie Chairman appointed the following named gen
,lenen az the committee:
Noes Tay lor Of the City Bank.
James Pnnnett, Of the Bank OF America.
Il. w. Howes, OF the Park Bank.
A. s. Fraser of the Seventh Ward Bank.
Charles r. Leveich, of the Bank OF New-York
" r. HOOKER, Secretary.
The Receiver Of the Bank Of Sing Sing gives public
notice that he will commence redeeming the bills OF
that bank on the 29h inst Bill holders are amply
secured.
Gold IL coming freely from Boston, and some has
been ordered from Philadelphia.
The night mail train between this city and Boston,
We hear, will commence running next Monday
We are indebted TO Messrs. William r. Wright a.
Co.'s Cotton Circular for the following statistics:
CRoPNothng definite yet be said on the subject OF the
extent of the We are not a. yet advised OF ns
this circumstance would have caused very general increase ~
Me s S esiI from e ye pon ' the
South insist that 1000 co.. bales must be considered maximum
hguTe Withou adopting this estimate Ourselves wiling
there uniformity of opinion ON the subject at
than have before noticed and that more confidence
art asceacd fell below the yield Of last year Should
the present state Of political feeling continue TO exist IN the
ASCERTAIN the effect upon the supply oi cotton TINS year ana or
some years
Receipts Tor the are large snearages being In
Guided The decrease al the ports is now $1,000 bales We
may decided falling on ia the receipts Plant
will not send their crops to market unless satisfied with price
and method Of paJ nsnt o.. p-.,-. ~ ooo II -,
60 90 the corresponding week of last Next week and
fOrawsok heeoiter shall have toleably free skip
chang and the facilities for it, negotiation
sine. the let Of September ss compared with the previous
1860. 1859. 1883. 1857. 1856.
Re-