New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-11-02


wsuAee and Mississippi Railroad Company, held yes.
serdsy, they ratified the arrange nent made with the
City of Milwaukee, SO that there is now no obstacle
TO the reorganization. We learn that about three
fourths the bonds Of all desrgo have bssn already
surrendered.
The business Of the Clearing House $Sl 037 900.
The psymsbts at the snb.rreasury on the be loan
ressh about s., $4,000. Ire Secretary OF thu Treas
ury has not yet issued ms sky day notics of the
stoprage of interest overdue Treasury notes. and
il loOks now as il 9 large amount Of gold would be
locked in the nbTreasuIy for thirty days more,
through the neglec. of Mr.. Cobb to obtain the
troll Of these notes in the way provided by the Act.
BY another neglec. of the Secretary to ordsr hs in
qury in time the Government has been unable yet TO
deliver 10 takers the Coupon Stock which they want
and are ready 70 pay for. S0ch inability to dsver
stock sold in individual would be considered dis
hOnOriDg The AItsans Bank is paying to-day 20
per cent its depositors and expects TO pay the
18th so per cent more, and perhaps the whole
rtmsinder. Mr.. Charles l.. Frost has taken
the Vice Presidency of the institution, aud is
working on: its affairs with his usual successful
energy. He hopes to be able to reestabhsh the
bank in good standing. His investigations only
firm the ground We took from the first, tia; there
no real necessity for the soppage of the bank and that
We failure was the result OF clamor against it from
interested psltes against the like Of which scarcely
bank in the city could long stand up. The coupons
the bends OF the City of Louisville Issued TO the Jesr
sonyie Railroad will be paid g. the Bank of America.
The coupons of the Second Mortgage bonds of the New
jersey Central Railroad paid at the Office, No. GO
Wall street. BY the annual statement of the Sun Mu-
tua Insurance Company it appears that the premiums
for the year ending Oct amounted 10 $l,625 O57.
The osses and disbursements Ssi9, 439, Saving
let profit of 1888 l57. dividend of cent on out
standing scrip is declared well % cent in scrip
the dealers of the Company In money there no no
tceable change excepting, perhaps an increased su1-
ply Offering call at sal Y cent. We have received
from Albert II. NicOlay, auctioneer and sock-broSer
bis ssmi monthly price current Of stocis and bonds
giving the latest quotations of securities and other in
formatic D, copies of which be had gratuously at
his office, No. 81 William street.
We have before alluded to the case of the Common
wealth Bank Of this city, which seeks to avoid taxa
ton on sO3 900 of United States stocks belonging to
it, now in the Bank Department security for its cir
eulatiDg notes. The Commissioners of Assessments
refused TO allow the claim of the Bank and tue result
was suit TO compel them to correct the assessment
roll This was decided adversely TO the Bank, at Spe-
cial Term of the Supreme Court, aud an appeal was
taken TO the General Term. TIE J0dge, in delivering
the decision Of the Court confirming the order OF the
Court below remarked "tbat tbs subject was ons OF
yery e1es. importance and should receive more de-
btrale and careful examination than the pressure o.
business will permit. The will, undoubtedly be
carried 10 the Court Of last resort for final sdudcanon
and have therefore less hesitation in stating the con-
clusion al which, upon brief consideration, have ar
rived" The gounds upon whiea the declAlon OF the
Cont is made are these That the Bank OF the Com
monw ath is created by the state endowed with prv-
eIeges and powers, and subject to certain habllsles
That the Bank in accepting these privileges must take
them cum Onere. That one Of the conditions upon
which the Bank is allowed to enjoy corporate exist
ence that it shall pay taxes upon its capital as dlrec
Cd by law The tax is assessed upon the capital STOCK,
Dot upon any properly purchased by the Corporation
excepting only the real estate which is liable to taxa
ton wherever may be, whether in thiS State or es-
where.
The Baltimore failures are sscribed in part to the
heavy decline in Mining shares in which description OF
property the speculation has been very active during
the prele1t year. The latest dipatch is as follows
"The failure of Josiah Lee Il Co. is a bad one They
have large deposits, which are in jeopardy 1ner
liabilities are probably half million, though the eX-
tent Of their Indebtedness not yet ascertaned Iner
sssets have gone into the hands OF the trustees ana
there only slight hopes of obtaining an extension.
-
suspended Tde excitement st continues, and stocks
are much depressed"
The earnings of the Baltimore and Ohio Railroad
for October, are stated to be about $40 600.
The excitements attending the election, as well as
ctber causes have confined trade in Dry Goods to
narrower limit than any previous week Of the season.
All part.s prefer TO avail, the result although the best
informed business men sanguine that the season
will open with satisfactory tTade-and that the future
viii be productive of good resultsto bothtde merchant
manufacturer and the general industry OF the country
IL can scarcely be otherwise the Western crops were
never 10 abundant and at the advance in Cotton the
crop viii probably yield as much exchange az IN pre-
sous years, thereby enabling the South to purchase as
InsLy goods as may be required. The demaud for
heavy DOmesiics continues without much abatement,
but export Drills not much wanted. Printing
Cloths Of favoite makes Rell readily full prices.
Bl.aehed goods without important change aud are
weekly delivered on previous orden-about equal 10
,herroduction Woolsns are dull of sale. The manu-
fcturers have already turned their attention styles
,dopted for Spring sales, and presenting samples
n, the consideration Of the large distributing houfes
Who re auire confined styles.
We annex our usual SUN mary OF exports Of Domes-
,;e Cations for the week ending Oct. Is, az folows
raesates ySlss
To Danish West Indies. .....''''''" Siidee
Bremen DRY Goods .....''s''" ~
D4isn wSls Is 1913
SsessD2 oo 1SoosI ......... 6 1923
Heyb. M 72ls
AGO