New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-05-24

B.tt Of america Kane County BANK
BAUD Of Bloomington, Mahsiu. bant
B.pk Of Galen. Nsnns bsnt. Of Chicago
r. az Iuermpl.y Mo- L. an County B4Lk
Baui Of northern Iinoii, Mechanic, b.as
ci.y B.ns Of Ottawa Ohio River Bsuf'
Chicago hsnk Patriotic Bank,
Cumbei land County b1if l.1.h.le t pau
=. J. In kan Cos Ball ke'pvf' b-ik
Fulton Bsnt, toct ]. ana b-hf'
pi,b,.d B.sL nion Bank,
lutrfuati0Lal b4uft -A4lsS os%+ee 'toeA DAM
Il.noi. CeniFsl Bank
Holder, of Chicago certificates Of deposit payable
In currency or in like currency" inquirIng how
they are to be redeemed One bank telegraphs that
theirs will be paid in the notes Of the above lsii
snorher Chicago bank telegraphs that they will pay in
the same currency that Deposited, implying that
depostors will be put of with broken money, though
none of the money at the time Of making the deposit
broken.
There seems TO be but Just course in this matter
and that is TO pay their certificates in the currency
which If in common use and that is the notes of THO
above-named banks The plainest dctstes Of financial
honesty appears require this and we believe that
the law would force the suers of these certificates to
redeem them in specie funds TIE Courts have in
other casee 80 decided, pronouncing the word cur
rency" in such certificates az surpusage," and ignor
ing 1t entirely,
tn, Cincinnati Ga-ette Announces that the extern
;or of tho Cbie.go Iowa and Nebrska Railroad west
Of Cedar Rarids. is being rapidly pushed. Twenty
miles have been finished aud is hoped that cara will
run through t0 the Missouri by November next, over
the whole $40 miles Of line The Road will interseet
the Missouri midway between Sioux City and Council
Bluffs.
The Newt Orleans Bank statement, as compared with
the abatement of the prt vOus week, 10 AZ iolows;
Dec In s422 1871 Dec IN stchanse 80. w
nee nee 27 90 Dec in total J77.T7s
Dec ~ deposiis........ 43sI1l
The n. o. PleayuHe of the 18th inst recommends
that
All the bin, credit. other sytiahis' o. WesteI and
~. ouv remedy for the vandalism with which hostes afs
now being canird Oh agSinst , ,uu.
Tbr Incidents ofthe day not worth dwelling upon
1hre l. no paper and the discount brokers az
.b.olue cessation in tran..,,on. Ire sane .ns 1919
biz sold At sed g7 aid some sight on the NORM " g a'
count
The DRY Goods market presents new features.
The deranpenent in the Western currency has inter
fered with the collections but the general status Of
trade has been without change. The orders from Gov
eminent are increasing and great activity prevails In
that department and promises to be large iof months W
come The manufacturers and their agents have been
discussing the policy OF shorter credits which have
ALWAYS been advocated 10y The TRiBusE. The mecca
sy of such course appears Imperative, ana most oil
the leading houses engaged in the commission business
have agreed to limit the credit to ak months instead Of
eight months as heretofore. This movement does not
nrevent houses from selling shorter term, but the
long time is positively limited to six month"; 1t was
supposed by some that the credit should be reduced to
fonr months on Cottons and six months on Woolensi
and while it was generally conceded that the interests
of all concerned would, under ordinary circumstances
be edysntaged by it, Jet, with u. present euba1ras'