New-York daily tribune., 1861-08-16

ITO by many bank officers. waS DOL aDal dpncd oy
the Secretary, bu, Is ,s updessce thar ne VIII not f
sort 10 it excepting In case Of urgent necessty. On
the final thrythree banks were represented and
the response war unanimous. The Philadelphia banks
were represenred by Mess. Mercer and Patterson and
I,oston banks by Mr. Wm Gray. The division Of the
Iarst ftty millions is thirty millions - New'York, hr
heep millions IN Boston and five millions TO Phsaaei'
bhia The combined banks bold over SIXTY mi'hons OF
specie. A Committee was appointed TO wait upon the
banks which were not represented al the mee'ing ana
obtain their adherence to the arrangement Our banks
have thus taken very grave responsibility upon them
selves, the end Of which no man can foretei, 0u'
kbey have done it under the strongest Impulse Oh pa'
;osm and in the full convetion that the truest ana
on'y policy of our moned institutions and capitalists
consists in supporting the Government win tne ms'
dollar in their possession for that if the Government
gees down what is eft Of the wreck will not be worm
salvage The thanks of the country due TO The no.
bile men who have taken this patriotic stand to-day, for
he act secures tho final triumph Of the Government.
The official report of to-day meeting s as follows
A. meeting of Bank officers, held ct the American
IL schsnge Bank, on Thursday, August 18th, 1861 at
which 80 Banks Of this city were represented he iOi
lowing plan for assisting the United States Govern
ment wa unanimously adopted, the votes being taSe9
by call of names:
SncTlos |. An immediate issne to he made 5y the
Uuifed Ststes Tre4sly Department OF freasdy notes
dated August l5th 1851, bearing ine1-st irvm that
date at \ 80 per cent To the extent c2 fifty Vons Of
dollarS.
SIC. 9. The banks Of New-York, Boston, and Phila.
delpha associated 70 take jointly this tfy millions az
ar with the privilege of taking Mt gar additional
City millions Oct Is, by giving their decision 10 the
Department Oct |; uud also vt par hity millions Dec
I5 by giving their decision Dee. unlrss said amount
shal have been previously subscribed q. national
loan. H. beug understood and sgreed that no ollie
Government SO ks BOMBS, Treasury notes except
Treasury notes payable on demand. and the Oregon
War Loan, shall be negotiated or paid out by TIE
Governmeut until Feb 1862, shonli the aesociates
avail OF both PRIVILEGES, until Dec To- 1901 s10uid
they avail of the irst only or until Oct l5 1861 Il
ihey take but the present fifty mlIlloDs-ex ept that
tie Cove -nent may negotiate in Europe. or through
subscriptions 10 the national l'an.
SEC g. An appeal 10 the people for subscriptions to
tho national oan 10 he made by the Government and
the subscriptions for the notes progress nnd the
moneys paid in, the sane stall be rnd over TO the
Government, depo ied with banks re gted by toe
Sccre ary Of the Treasury, with the concurrence OF
Committee of tue Afsociates; aud much OF the pro-
ceeds Of said sa be required tor the purpose
sall be aDplied in reimbursement of he Asso ates for
subscription by them paid in and not otherwise reim
bursed Tho Treasury Doter 'sned 10 The Atrocities,
30 isr as the New.York backs are concerned, shall DO
received By The Loan Committee 0I New-York hunks
at 20 per cent, basis for issing Clearing House
certificates ~ any bank desiring nncer the existing a.
raugenent (which must NECESSARILY to contiuueo aud
the Of tie banks shal be 10 tic proportion
OF capits-except that the nteres. and proportion OF
nsitutiou shall exceed one tenth Of the whole
fifty millions.
SEC A. On the Ist of October should the Associates
for any csuse decide not avail Of the privilege Of
taking the second 80 millions, then the bsiance OF
notes remaining Of the 50 mllions already taken ny
O enl, shall be apportioneo and divided among them
pro raia) and they shall make payment for their re-
epeciiye proportions.
SIC s. OF the sums subscribed by the Associates,
ten per sball be paid forthwith 10 the Assistant
Treasurer At New-fork, Boston or Philadelphia, and
the residue shall he placed to the credit OF the United
States Oh The hooks Of the banks subscribing. Ger
ticates sha be ssned to each subscriber staing the
amount ~ paid in and deposted and as the oerorts
sball be Withdrawn or paid into the Treasury iwmch
sh al be- a. nsary may be, Ia proportion OF tne
seveni subsc,ipiions) Treasury Notes bearing 7.3o
inieses shall issued Ia equal amounts to the cub
rioers reepo lively And when the deposits shall be
entirely pad to the nifed Staes Treasury No'es for
tue per originally paid shall also be Issued, and
all issued 10 such snseibers shall bear even date
with the Certificates and carry Interest from su:h date
SEc. o. ln part payment OF deposs for the hrst %
millions doll the Treasury Department will receive
from the Associates any past due Treasury Notes. or
90 days Treasury Notes. Should the seooDd amount
OF 81 nlioos dollars be taken by the Associates, Toe
Department will receive on account OF depo-ns any
Treasury Notes outstanding except 7.3O per cent
Notes
SHc T. The trsnslcton the part Of the Associates
may be conducted by Conniitiee in NeT-foTk, IN
which tue bauk ks of Boston aud Philadelphia o,li be
represented, which committee should meet daily for
the direction Of detss and at least weekly for delber
alton and confederation Of important business
SIC. =. IL addition TO the banks Of New-fork, Bos-
ton and Philadelphia il would be deeirable that oGer
parties rhoud become associates say trust ooupsnts,
savings banks, nsursne cOmpsnes, and private
bankers who in lieu of pro rata OF capital should de-
signate when joining the Association, what amount
Of interest they decide TO take.
SIC. Q. Tie capital OF the banks Of New York Bos-
ton and Philadelphia and the respective proportions
undor pro rata division would be a. follows
Pro rata proportion
Rank C.pitl Of o. mil'oDs
N.uy..t = 20 0p'G 90 s2lS0
49, 4, 1sloOo 1850 oov
pS'.t.tnbi. IpanOO 5O0V0
Ii il proposed that the dvion should be, say TO
New 90 c soo
Boston.
Philadephis ;'.'''''''''''''''''''' '""