The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-09-21

no objection to the issue of say 100000, 900 OF
demand notes; and such an issue would un-
doubtedly prove great boon TO the people by
driving an equal amount of doubtful and depro-
ciated bank notes out of circulation, and would
the government at least 81 600 goo per annum
In interest. In thus dissenting from the views OF
"a Bank Officer" We will recommend the writer,
should he again tender advice to Mr. Chase, not to
start with the assumption that the Secretary came
here "a mendicant, in August last, and that the
New York banks relieved his necessities out of
pure patriotism and liberality, and are hence
entitled to lecture him. No one questions
the patriotism of the bulk Of the gentlemen
who, in August last, represented the banks o.
New York in conference with Mr. Chase; but 1t is
due to truth to state that, in subscribing to the
national loan, they were actuated as much pya
desire to protect their own assets and earn interest
on their capital as by any other motive. sv
Persons interested in railway property will be
glad to hear that the contest between the Erie
and the Central is likely to be adjusted. The fol-
lowing paragraph from the Rochester Union shows
that the work of putting up prices has begun
The railroad and forwarding lines have decided TO ad
vance freights i've cents barrel Of Hour to New
York. Tho Central Railroad charges forty-lve conts;
the transportation lines forty by canal Freight Is
tnuo SO to the end Of the The bOatmen have su
fered somewhat by decay and the State has taken by far
the largest part they got for TOLLS 90 that small margin
is left for them.
We understand that the banks have about
5000 900 more coin on hand now than they had a
week ago, though during the week some $1,000, 900
have been paid by them into the Sub Treasury
and about 1000 900 by the public.
We have received the following cord
sy,.x
Beverley Bank thrown out In Wall street." The Be-
verley Bank always has still does, and will continue to
bank The notes likewise have been and will continue to
be redeemed by the Atlantic Bunk in New York; for
count Of the Beverley Bank in sealed packages Of $500
and upwards, at quarter Of per cent discount
by Samuel Haott Co.. redemption agents Of the
bank at their olce No. SO Beaver street, New York. in
whatever amounts presented, at the same .m, rate.
BEVERLEY BANK Beverley, N j., Sept 20, 1851.
The Chemical Bank has declared its usual
quarterly dividend of per cent, payable the LIST
of October; the Bulls Head Bank, its usual half
yearly dividend of 4 per cent, payable on the LIST
of October next.
The Providence Journal says
Thirty FIVE subscribers yesterday took sixteen thou
sand dollars of the national loan in this city. 1t will
be remembered that large sum had been taken by
parties in this city before the books opened here
The Augusta Maine) cotton factory, after an
interval of several weeks devoted to the repair
of the machinery, &C., has recommended opera
tons, running for the present fve-sixths of the
time. The company have on hand material suhi-
cient for two months work, and we are informed
that the mill can be run to advantage even at the
present high price of cotton.
The Chicago Tribune of Wednesday says:-
exchange tho was abundant and holder were
glad TO get par for it, The banks paid par n to GUS
toners selrg generally at u. Some tried to charge
huttv ohOxya tha ooftha Riot Co,d
quite plenty-selling premium for curren-
cy. The receipts Of grain Yesterday were:-