New-York daily tribune., 1861-11-09

The PEOPLE of Illinois voted on Tuesday upon the
new banking law passed by the last Legislature. Its
friends urge argument in favorof its adoption that
i iroduees the rate Of interest TO cent and willfur
nfh greater banking facilities, which " facilities,
e,ys The Chicago 1rjbane, care nothing less than
te right to print and circulate demand notes to the
ON unit Of twice the capital and post notes TO an
unlimited extent without requiring a cent Of specie
20 be held in reserve" The real objections TO the
bill are eoncisey states 10 consist Of these points:
H. The non.requirement Of any specie reserve
III The power TO discount twice the capital and hall the
The power issue to the amount of twice the
The power issue and above this amount to
81 Ths Requirement Of only 50 p share to be paid in to
enti .;e the organization Of he bank.
III The attempt orests the action Of tie constitutional
{ dop,ed The BAIL and branches win be organized
sG going with high head Of steam before the Let Of Jan
vi The obvious attempt evade The Constitution by
Gang this the Unon sos Of inoi-" iosteadoi The state
Ae Consultation says No State BaA shs hereafter be
created"
At Cincinnati, The Cazei'e Gays:
The Money market remains quiet aud easy or frscess
ic psper aud ngk Of each Offering Ia tho sbseEte 9
syrent, Il Esw.Yok ba iew bills making that Post
indeed other Of he ta-ieT cities, The wnos range i
e0R cent s siier rate for such got vel scored
prgsI3s tie dave ne iadoFser Tee a et io ESsha9ss
continues 'oy dal aud hrgyy aud We Qns Gown tne oey
re on NewYork Ta which H much ss the oarssTs are
o ed TO pay in any & es,s Ihs t s9S m value ls' Of Cola
Tie Ml,caukee Sentinel says:
N,,ev r...er we're steady yesterday. Exchange vas sell
ts freely by the oSak. .. 8 ssS' in soeie, supply
l. nrsi all ste vans o. ,,oae and de broker,
bapis chsreiDg c ,stomels y z ''N'
I 3 eenG for small Suns
The ST. Louis Republican says; nl
a,x5 for e1chsree is sd but the rate o. sse y n
csn was reported to b quite nm SSa We, m ef
Tsoss.I y cent advance - this rae IAe qua go
a.. bsnatueut tus been, within toe lat TWO OF W. % % S ~ .
Ilvire ONE baDk aus, coniia-te1 ne ~ % ,, 10 hs
eonn son C Examine TO secouhis ~ v iI-isiIIns
.ausrr LeTe, has not yet conneuced rs ID
Tle CLioago T'yibaae Of Wednesday notices the
exchange marke, there as follows;
TeIdians branches sell e-esnse to Customers ~ Y es' %
Iiego ana une.s Beef aud PoIk tTsnssetoas stord
s.sny dave 1tSt hte P4ice ~ -" wan '''''-- -
Aouiss. 9he buying Iiiee "t"4
TIE Her,ford Pres has the following report Of
Sc cornecfed with the Schuyler frands
-. Cont Of tbi, sts.e hss just decided case
f he Schuyler rsgd which the hrst one Of me
aa .a, "a, CoSds NewYo receiving 70 the corne
Ten 1eo te fr8 Le lie higher COnrts, variety
e. their passS present case involved points
:. SfilySst The BridgePot Bank. The psind8 IN the
-n N,o,ook fou scsuyI two certificates Of stock Of
A.. kssyorE AID Nev.A4ven RoIosd Company one for
nv ssd ,hs otber ferry hues a. collateral sseuy M iII & az
tb j5cstss witt taking transfer oi tne stoea al
lS4 hen the schuyler ifana ~as oS sr,i5css,
- transfer Of The stock me fihoia eohleny
refused to allow the transfer bsVlSs l0 go s1i eae
time ster made sno,h,r 9emsld ~hish wa ss %
s.d this suit was bIoashi iof 4an'lse' i'' wv
isS when the certificates Issued by sehuyeT aud
erel 10 70 ~ eri soek Atthe time Of the demand upon
tie Company h. 1874 immeue nnnOsi oi spu.pn "
II rasfsrred tnt at that tune there
no genuine stanciog IN hsnAne on The b0oAs
e"a 1 ,o Re- rae. s ne Fosd coPey hses could be
rred ess cerhcses bed for thsE were sunen
.
b. he Ga were a.,gned 0lank by Schuyler on delivery
t De bsrt nd sccorlpou BY blank power Of attor
nv gd ano Srs by Schuyler Tor ihe uner Of the STOCK
' is I'm. .ss3 5y echayler IN almost all
he'd eois.vsi 'seJy oy 'e pi'es o 20 .no sos
s'y ed vac 5s.r]oa ] Sso Ssh a. ,0 aTe se no.
trf r could be made withoos presebiaon of tue eerh'
estes The Bridgeport Bank IN Io ese he'd tne eehcs'e.
The tsinss clarusl that uaeer the established custom Of
sui.. company wbci secured the stock from transfer
hle iho cent ~ outssadng he esrhea1ss ".s
toAo Me Loder PROTECTED against soy dseLss men
could have been set up 10 the met insanee against
bmseh or which mght out Of transactions occurring
or he d,fdsntS denied this and con.ended
tt a. he l,ipF. had taken trsnseI o tie stock hnd
ober psIiies with equally good ceI1esis, bsa e,pc -
.atfegder tsi cent d "a e. Bssr oS he p.e
Ie hzt where person sel personal properly Ino no'
csDsr H. s,a no'.esep ef t. the ater it tie
fsrnsE has ost i,the patty Io,ing u having NO foJ "a
ie.N claim The vendor for dan ages c.
tbs ws The nportsDt foint an the cs.e ana e w.. @
ha that the rsrosd having ~ iis rues no s
Torn Of is ceincses giuasd that TIE toCk Iepreseneo
by The certificates should no. be transferred D the eern
sue presented could not up tie fact that the stock
bad been snsered 70 her parties especially ss the transfer
Sa the fa0colept scs q ,Hsn ewn agen VINO wa ass
k own and rsnd tina knowedss and fraud Of the
Tfe cou did not express opinion what would
been th Tssnlt n the stock In question had been
roet The decision therefore. does not conflict with the
seaa 40 where the question
ors.dy SPURIOUS and does not perhaps Contribute very
seh 70 ,s setmen Of the principal questions growing
4 " The Schuyler frand