New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1861-08-08

RJces Of tscpTtie, a. slS9
The officers Of the bank affirm their confident belief
that their will be paid in full, and Ie President
say 9 nH the debts OF the bank will DO paid in foil.
Al Pl lsdelpha st1cfs sre very quiet. Tie money
mnsket continue, 90 ss, quoted. The limited amount
OF short No. paper offered the street Is taken Ut
az y cent bat oh iguons having four months ~ run
o difficult to place.
The EXP. diens Of the Congress OF the rebel States
for rai.ing the Of carrying the do It
Ind favor in New Orleans. The True Delta Is very
severe in its remarks upon them II sayS
orr previous notice Of ,ti- roiae scheme Of tbeo-
reIeal nancicrr have awakened the peoi 10 10 take
rone Interest h. the matter and seriously tO inquire Of
themselves whether IL ib.s, times which, 10 every
re pect Ia concern mcn and thi"gs, ara different
from tlo. Of the irst days II American infsleudtnc,
tLty nre 80 have the oNIonpeni o. bu1ndfs ls-u"
uf new governmental COutit entl money, auf the ~
iusy ruin AID deInornlu tiDn insepautle from 4.
NJ ost Of the states OF tho CuniedeFHcy eat oi Louisiana
arr, oyeryiOiy kn"ws cursed With Niid-cst cur
reury NEARLY uite'y Snlue'e-s IA regards ia 'onv"t-
vi ~ into oliver aad gold, and ~ fgcn states o. course,
We can scarcely BE- .ngprsej TO u he srher Of tie
Pfo,isioual Gov. mment meet with he iSLs-t favor
aud the most exalted appreciation. E-pecisLy IL Tins
toe ca-s IN States chat may be 'ded relatively,
~ relrogrerrve in material prosperity wIoso sgi-
cultural development II Uriml%d by rsnre, aud
ho-e pOlhi al institutions thuse Of pin tive
age when tie mas of the Ieople were willing
Z
better than themselves eAi,d tO bs ooutrrrd their
suI,iiore Ia wbose hands rEtus ely what i called
COVER, mont ar tic eoeriye over, onli be lodged.
il MT heretnaIy ut lrssi approx gtely III NGr
guia, North CEro ina, SOGth Carolina and 1ennes-ee
accordingly, the cotton theory for ,aiing the 10
support ihis revolutionary war finds mo-t favor; hrsf,
becaare 81 currency OF theee States Is near worth
loss REGARDED a convertible medium OF exchange,
anything called bank mJney cal be; second, because ig
viii rseye their people OF ta1aiiOn, the only real sc
MY she interest upon aud ulIi nate rsdsm sn Of
Phi auO bD nj LIVER he ('Dp.
Tolerate circulating medium ~ standard IL
will enable tue debtor States ard their peo e meet
such Oh liSatonA as thsy will aekBowei.s themselves
bound TO dtohArle ut the tmu-rt possible cOrt to
Themselves. fortheSe ressonswhich. by the way are
equally powerful 10 arouse Louisiana 10 the mos deter
niusd opposition 10 the scbeme-we not surprised
that the p,s,es Of those states shoud earnestly aud
spscously advocate the system or do 60 without eDy
| nice iespect for fats.
| TIE k.p Orleans Crescent, referring 70 the Con.
felerate Bank Convention at Richmond, renarks:
We learn that The convention OF banks held ut Rich
moid the 2ith ub., Of tie Confederate Siaiss has
noOnrned. The bauks Of city took part in the
| prO eeongs, o. ly one bank bsi.g represented The
i.pre- NATIVE Immediately withdrew when i, was ai-
| nonced tho banks Of New Orleans were not repre-
senled. Some woDd.r has been expressed why the
banks Of our city We're noi-repIesented. We are no,
that there should be any surprise evinced Oar
banks working nadeS d,g,Teat sy,tcrs l,On the
| banks Of OTHER ,Staes. Our banks nave aided the
| Confederate Government TO the amount of two nil
Il and half u dollars. They could not 20 into
The C0Arnt,Oa aud act with Other banks. There Wal
no way to jump the constitutional barrier III
Louisiana in regard 10 banking aud our banks have
only 70 folio The Uf events and maintain tC
hi.n aud enyous stauding which has been their ot fol
yesrs
The Roekester Advertiser says,
The other day we mentioned the fact the suthor-
ity Of Albany paper that the requisite papers had
been duly filed for the establishing Of a new Bank IN
this city, under the above ute; but then We knew
| nothing further Of the matter. We are now enabled
~ state that lbe Bank referred 10 will DO estabehed
and owned by d. w. Powers that will stlrt with
csritsI Of 500 100, with authority 70 iucreso 10 Two
milons aud thai il viii 70 into operation soon an
the bills furnished by the enYrnver. The Exchsnge
Bank may well be regarded az model institution ~
ops respect at leafs fs notes Hil lie secured oy IT, s.
and N. Y. State exostho former being put Ia Vt W
cent? and the latter a. par. The Bank 10 prohibited
by It's articles Of orgabizalion from receiving deposits
and il will accordingly DO Bank Of circulation, pure
and simple. The circulation will DO used by ID. w
Powers individual bsnkeri aud he Will deposit
with he Bank as collateral 70 secure the payment OF
the debt be viii incur by borrowing It's circulation, an
| equal amount OF Government Stoke. Thus The hold
er OF tho notes will 10 donbly srcured snce by the
inhibition OF deposits the Bank will owe nothing ex-
cept 90 note bolde and they will be secured at the
ME Of than two dollars of u. s. aud NJ 7. State
Slocks for every dollar OF tho notes of the Bank.
II We gre not in error the Bauk Act requires bank
20 DO "a bank of discount and deposit" well az
circulation. We are confident no such bank % Ia
above proposed be legally organized in this State
The Boston Post In lie weekly financial review,
sayG
| Money IA abundant at sac y cent on the beet
nsrnes aud securities But acceptable paper OF course
IL very scaF,e since ttio hns been made la the last
bali.yeaf and The demand for money froni 10Y body
able 90 borrow Is exceedingly Hight. TIE oAnks ara
rather gaining ia specie, aud thir acchunlatlons Ia
Nsw-YWk are deesaeely Increasing Sterling Tx