The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-06-25

Chicago, Burlington and Quincy, sc 81; Mil
wSukee and Mississippi, 1877 Is; La Crosse and
Milwaa.ec land grant bonds. 9I 10; Illinois Cen
tra' bonds. 50 q 90.
Bids for $700, 900 New York State per cents, due
in 1870, will be opened tomorrow at noon at al
bsny. fair amount Of bids have gone on from
here. The presumption IL that the whole amount
will 60 between 100 90.l00 and l0i 20.t0o. Our
state at oil events preserves her credit in spite
of everything.
The following WAS tho business of tho Sub Urea
sury to-day.
Ree'ps.... 1851 .l9S IL
For customs ............. 600 90
Pay b63.ho2 10
balst"e... sV5 lS1 %
The TradeemeD's Bank has declared q semi
annual dividend of three per cent payable July
|; the Merchants Exchange Bank. n semi annua'
dividend of three per cent, payable July l; the
Neptune Insurance Company. semianuual in-
ieyest dividend of three and one, half per cent,
payable July 1; tho Old Colony and Fall River
Railroad. q semi annual dividend Of three per
cent, payable July 1.
Judge Wright. Of the Supreme Court of Iowa.
has granted an injunction restraining the City
Council of Davenport from tevying or collecting
any taxes for the purpose of paying tho interest
any part Of tho principal OF the $2os, 500 ,nded
d. bt Of that city. The proceeding was commenced
'be scott county District Court by Mr.. Huhbelt,
IN behalf Of Jorge number Of the most wealthy
taxpayers Of the city. among the items OF this
indebtedness are $50 900 bonds issued to the
Chicago and Rock island Railroad Company AID
900 10 the Milwaukee and Mississippi Railroad
Company, which, it is, commended. we're unsonsti.
tu,oDaly ISSUED because the constitution does uot
authorize city to build siroads in another
state; ard, secondly, 0ecau-e the city hiss no
constitutional power to issue bonds to buiid any
railroad IN the state.
Tie Bank Commissioners Of Illinois have made
another call for additional securities from twenty
tree banks. Their present circulation in the ag
grega,o il 50 ASA ,0S4, and the estimated value of
her securities So liz, 100. This leaves seventeen
banks which are not under CALL as f,llow.:--
AI"n Bark taus OF Ameri;a, Back OF Bloomington
Ie1k ~ Iuosmn,s City B-nk Of OTTAWA Cunbs iaua
Counts Bank II, khan 80 + S.nk H,ehl.ud Bank
bts' nat"'nsi Bs shs,we Sack, Marine Bank d,IssS
Cou Rsi Mccn.pcs' Back, ~erchants' Bank Pitts.
ned BaIk, Reaprs' Bsnk, Unup Rink
The circulation of these seventeen banks is
81 .470207, and the estimated value Of securities
81, 54 sos The basis of valuation of he stocks Of
all the banks is:-Northern state stocks, par;
United States stocks at eighty five cents;
rennessees at s35; Virgipias, 42; Kentuckies, II;
North Carolinas, 5l% Missouris, 3s, aud Louisi-
anas, a. The following banks are in voluntary
liquidation, their circulation amounting to forty
one thousand six hundred and afy-three dollars:--
Bank Of Americl (Chicago), Bank Of Northern
Illinois, Bank of Ottawa, Bank of Peru. Chicago
la, k, Exchange Bank of Tucker, Kane County
Bark. Notes Of these banks are redeemed by the
auditor at par in gold. The Chicago Tribune
says
Banks whrse circulation shall be secured by United
Sttes stocks at eighty i've cente their market value
or Ithern tote stocks the Isl July aud
oh" viii enter into central redemption the spe
ctocin tho late Bank lag, Will no be subject 70 CAL 10
estimating the OF securities dtscrimi adt01 il
bes.e'wr be made by the Bank Commissioners favor
Illinois Stoke ARC Consistent w,th
The public interests wi be 70 bsnke entering uto
raj redemption rne policy, It Ia be,eved VIII To-
crease the value Of Illinois bonds and at the time
secule o healthy circulation.