The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-03-22

proxy, SO as to conform 10 the conditions of the
law OF the company forbidding the issue of any
new stock without the consent Of three.fourths OF
The whole lcapital. On motion Of Mr.. Tileston,
me Following preamble ana resolutions were
adopted
Whereas, by resolution adopted by the stockholders
VI Tue Deiaware lackswanna and Western Railroad Com
Pany, a. ,SeI annna meeting held on the 26th day OF
January lsoS, The President and managers were prohi
ped from increasing The capital stock Of said company
Tor any other than the ument their existing
conusc wnont The consent OF three fourhs OF the stock
holders being nTst bad and obtained And whereas the
interest which tho said company by law 10
pay upon its stock has been paid for the last three
years, the means for the thereof having been
expended In the construction Of the road and Ia pur
chasing eaupm NJ therefor, and in nqaidatng liabilities
Resolved That the President and Of Managers of
this company be, aud they are hereby authorized issue
new stock at par to such amount shall be sufficient
70 pay the interest from the arst day January 1861 to
the first day Of January 1861 at the ak per cent
tofore Issued and 10 pay the and after the 18Th
OF May TO the holders OF the said stock appears that
February 1850 that Being The time me transfer hay Scos
were closed In accordance with reso alton of the Board
Of provided however that al sums Of interest
DC settled in fun by the payment OF seventy five per cent
thereof in cash.
BY Adams express we have New Orleans pa
pers as late asSaturday last, through in eightyfour
hours The Picayune reports -
Exchange has been inactive from the opening to the
close Of the week and operations exhibit considerable
reduction both foreign and domestic bills The supply
OF most descriptions in excess Of the demand and quo
atons show no marked variation in rates of any class
Inc rang hgures at the close Of business this evening
were as follows:-Cear sterling bills l07 1881 Ios
oil o. adng drafts 1o7 lO7 francs 6tlssl 5r2ax
cent discounts; light par a u per cent premium Spe.
cieReceips for the comprise sis2 COO from BRACES
shipments have been confined 70 500 600 for New York
haies OF all descriptions unchanged except Spanish
SoGn.oons which have slightly declined, owing to large
~ increased supply and diminished demand
A bill to regulate the currency has been report.
ed in the Senate of Missouri by the Committee on
Banks and Corporations. It forbids any bank or
branch bank to pay out any notes of banks within
the State that it will not redeem in gold or silver
at its counter. When notes are presented for re.
demption they shall be regarded as one sum, and
the presentation may demand payment in such
coin as would be in legal tender for such sum-
The amount Of bills of exchange discounted by a
bank shall not at any time exceed fve-eghths Of
its capital paid In. The rate of discount not to
exceed eight per cent per annum in addition to
winch q reasonable rate of exchange may be
charged upon bills, but interest and exchange
together shall in no case exceed ten per cent per
annnIn. The banks not to pay out the bank notes
OF other States nor to take deposits payable other
wise than In coin. Execution upon Judgment in
fsvor OF bank to be suspended for two years
uAio1n thS pouh Suusc W Uo euQOIseu upon e8l0
execution that its notes will be taken in discharge
thereof. The penalty for each violation Of the
provisions OF the act Is fixed at not less than $500
nor more than $4,000. The act to take effect on
TIE LIST Of November next
The st. Louis Republican Of Saturday has the
following in relation to the probable action of the
Governor in relation to the Railroad BILL
Tho Governor, we may fairly presume, will give hh
signature 70 the bill n soon be has had time
mine ne provisions. II Ia carrying out the great and
most important object for which they assembled by
him, In special session, and their action w beyond all
question: meet the hearty appreciation Of the great
ority OF the people Of the State. designed TO Hnish
and VIII hnsh, the great system OF railroads which Gov
stewart was instrumental In naugurating, and which,
when completed will add fourfold the wealth and the
revenues Of the state. Since their Commencement his
name s Identified with the sysem, and of opinion
that he VIII take juat pride In atxing his signature
Dill which d 70 complete that system.
The Boston Post, In its weekly review of finance
and business, Says
Money p exceedingly abundant considering the slack
demand for business purposes, and likely 10 remain
N the future Il always pcrlous to speak, but have
no faith q al that the peace Of Europe In real danger,
although y likely there will DO the usual amount OF
srumbline. filling back, advancing and scoding gene
We have faith ~ MI that the taking Savoy by France
n W create an Atom OF She may not take It, and II
abe do, England won't fight for saoh cause seriously
think OF cghtng Our view TO- therefore, that only
vn money be easy, but that people In general believe It
WIN be, which quite a. important.
Tho Cincinnati papers report the following
changes in the freight tariff from that city east
ward, as sgreed upon by the agents Of the trunk
lines