New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-03-13

have been invited 10 take part. The prizes will he
httciass, highly orn.nented and fms ed billiard
table, worth at least $780, manufacture by Mess -
Pheian d. ColeDder, and presented ~ them. Tie
other prizes VIII be decided upon at future time and
will DC OF prop"rtionate vsue The game will be
PLAY ed Oh the prize table which will be erou table;
size Of the balls 10 be played with, q iacbes in dame
ter. Prominent players desiring 10 enter their naues
contestants ut tue tournament should signify tbeir
iuention of doing previous to the st Of May next
PROPOSED PAwSERs BASK "A meeting il 10 be
he'd to-day at o'clock, 1T he Chamber of Commerce.
TO favor the establishment Of Pawners Bank IN ttis
city, by Legislative enactment. Tie act provides for
capital Of $jG0000 in 500 shares lans to be made
on goods, at the interest of J. cent Per month. ~
alleged that under the present pawnbrUking system, az
high charge as 81 a week interest on a loan of $l0
Is asked The urgent necessity which exists for rad
lcl Change IN the present extoonste system of pawn
broking s admitted Oh all hands. The prospectus for
tie new bans is backed by such ectabe Je4Os as
benjamin r. Winthrop, Archibald Russell, Wil.on q.
Hunt, James K. Spalding Peter Cooper Sohn 7. Ad-
ams, T. V. HsIghwout, T. II. McCurdy, and j. Smith
Houans, who are guaranty that the proposed insfi
rution would be conducted upon sound and honorable
basis The prospectus rays, Of the nts de Pie'e Of
Continental Europe, and Of the need Of such bank
here:
These banks Of charity stand IN the relation 10
tie day laborer that the baking boose does 10 tie
nerc ant Each goer TO bis bank for lis discount, on
su h securities Lis situa'ivn Ia life eBates I'M
to otter, una the thus obtained vital 10
the ole rs 10 the other. The ari * j. Iaw.'d
AID redeemed sgaiu AID again. Tie .ane It'll KEEP
sake or valuable Is thus again ami again scot Oh iis
efrsnd Of mercy Que tine it helps the fsnil, 10
bread and auoner tine ii enables item " buy
sary nleGi Inc or clothing.
These Lshk, mainIsined in other counties on
sound pbilOsoIhital principles They recognize the
TACT not vet uuGersto aud appre, lated Lere or in
Euglana, that the poor peed and and in have,
loans certain tines well the lie elias es;
and that the Government as much b, und 10 fur
nsh tie little fa. lilies peeded by tie one as the ast
facilities demaIGed aud received by tHe other.
Tie advantages OF such un Isriiution over our
pawLbrOker sypcm no ole fail Tor moment 70
appre, late. L. Il FIRST place, it Is bound by b." 10
uan anything aud hing OF vaioe oieied aud
at a rate reasonable ana liked. there IL 10 loss VI
time as with U.S. in seeking for tie lender or 10 bar
gaining; no Iisk extOftloD, but eyeryIL ug sale,
lxod, and sbO,e-boaId. The poor bt Paris get heir
loans st oetenh part tie plce aid here. 10 nos Tue
Continental mode euiieLtly charitable, pri o.thy
and lust When cohrider Tire ample iaciii'ie' IN
the way of banking privil grs, enjoyed ty "ur me-
camille classes Is II LOT certainly ilne that some en-
iacIls should be provided for tno,e that are needyf
HE Pars Baus pays regular dividends, IRON is
form cLage Of three-iourths Ot Per cent month Tor
storage interest. As tie PawLes Bank Is author
wed charge at tho VI yer ,eut per n'oh Tor
orge and int rest it quite Certain thai regular
g nIi-anLusl diyide.Gs OF per cent can be relied
upon.
Pho FORsA STATEMENT of the operations Of the Pa17ey Baak
lhs plan Hgg, uIih eOphu II s9oyO egsr
ddT phcs cn.d be OuHed gudto ~ aud No
reserrs JERa idle capital you'd be Htee',a'F.
Eighteen cent ,nteres annually on $4,000 ZOO
DIsBIKskAkSIs-
To cent 10000
ExIenses-Pftsid,ut Cashier on Manager, outdoor So
pruteno-ni, &c lHVo
For di.Dui among char able institutions snd
among the poor Of the Lisy u New Fco
Total. sSoSs
AssuuiI that the 81 tsnent Of operations ~ above
forth is toerably near Tie marx, the Bank being
primarily institution for the benefit Of tDose who
have something pledge, do not why 1T should
be made OF TO the Charitable lnstitu-
tions OF the City. Ii it get along with one pc
cent a month interest, instead Of and hail. sd
pay expenses do not the prUpricty Of CHAR ing
those for whose benefit is established higher rate,
in order to divide The surplus among those who have no
claims it. AS well might tie surplus earnings OF our
Savings Banks be MADE applicable to such purposes.