New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-12-23

Since Ian s232 43J $40 s22lt65652 Sl2l, li33
A letter from Washington states that the Sub
Committee of the Committee Of Ways and Means,
Messrs. Spaulding, Corning. Hooper, and Maynard
have DOW under consideration a bill similar to the
general banking law of the State of New-York. IL
is not intended to interfere with any of the existing
banks in any of the States but it provides an addl-
tiona currency to have the sanction Of the General
Government and TO be receivable for taxes and all
other public uses, excepting custom duties on foreign
imporatops. The existing banks will be authorized
to receive this currency in connection with bills
which they are now circulating They will be re-
CURED to keep twenty-five per cent OF the amount
they issue for the prompt redemption Of the National
currency they ISSUE
The Continental Bank has declared dividend OF
three per cent, payable on the 9Th prox.
The navigation of the Morris Canal closed on the
18Th inst.
The anthracite coal brought down by the Reading
Railroad this week amounted TO 80, 800 tuns;
week last year, 80, Up tuns. The btuminous coal,
not yet reported, viii be about 1000 tuns. The
Sehuy lkill Canal has brought down 1890 tuns, and
is now closed.
A link of railroad is now in course Of completion
which will make another connection between New
York and Washington, by which the delays and in-
conyeniences OF the shore route through Philadelphia
and Baltimore may be avoided. The Reading and Co
lumbia Railroad Company are going on energetieally
with the work on theirroad, which, when completed,
will cut Off about thirty miles Of tie present inland
route via Harrisburg, and making nearly direct line
from Jersey City York. where the line connects with
the North Central Road TO Baltimore and Washing
ton. The Reading and Columbia Road is 80 miles in
length, of which % miles is graded and ready fer
the iron. The Company hope to have the road ready
for the cars by the LIST of May. To avoid going
through Baltimore it will be necessary to build
miles of track to connect the North Central with the
Baltimore and Washington road at the Relay House.
This line between New.York and Washington will
then be only 20 miles longer than that by tie
way of Philadelphia and Baltimore, but as there is at
least hours delay in each OF these Cities the inside
route is practically more than an hour shorter. The
new route be done it is thought, in eight hours,
while the present route occupies ten TO twelve hours,
beside avoiding the monopoly of the State of Camden
and Amboy and the taxation Of that foreign power.
which is very great point gained. continuation
of the line of the Columbia Road will give connec-
ton via Gettysburg with the Baltimore and Ohio
Road and by the latter road will connect with the
Connelsviile Road, giving NewYork d connection
with Wheeling aud Pittsburg shorter than that via
Harrisburg and avoiding the delay of passing through
Philadelphia. The Columbia and Reading Road is
is being built by the inhabitants along the line OF the
road and runs through populous and rich country.
On the line Of the road are eghty-three gris-mis,
ten bas.furnaccs, several distlleIies and lumber
yards abundance of iron ore, and two and twenty
mercantile establishments. BY this road Schuylkill
coal is brought within seventyfve miles of the fur
naces which have hitherto drawn coal from the Wy.
omng district defiance of $50 miles. This road
will open TO New-Yorl the trade of Lancaster.
York, and other large towns and the richest agrcu
tral district Of Pernsy lyania, with which we have