The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1862-07-11

The Green Bay extension is now partially ironed,
and will be in working order by the fall. Mr..
Ogden has just completed the arrangement with
the managers Of the New York Central for the
propeller line which is to carry grain from Green
Bay. This will undoubtedly be one of the most
important shipping ports on the lake.
The ub-Treasury in this city received to-day
special deposit Of $2ss 900 which is not likely to
be claimed in hurry. 1t seems that when New
Orleans fell it was discovered that the rebel
government had q sum Of nearly o quarter Of
million its credit in the banks of that city. This
sum General Butler claimed on behalf of the United
States, and by little gentle pressure succeeded
in persuading the banks to draw for it on their
correspondent banks in this city. The drafts were
paid this morning. The deposit was made, we
believe, in the name of the "so-caled Confederate
government"
The directors Of the Continental Insurance Com
pany have declared dividend of forty per cent
upon the earned premiums Of the past year to
holders of policies, and semi-annual dividend Of
sleeper cent to charlottesville former to be
issued September 10, and the latter payable on
the l4th inst. the Niagara Fire Insurance Com.
pany, . semi.annual dividend Of five per cent
payable on the 18th inst; the Equitable
Life Assurance Society, . semi-snnual divi.
dend of three and Q half per cent on the
capital stock, payable on the 10th inst; the Bre.
WORT Fire Insurance Company, dividend Of five
per cent, payable on demand the Relief Fire In.
surance Company, . semiannual dividend Of Ave
per cent, payable on demand; the trustees of the
Seamen's Bank for Savings, dividend Of 1--WE per
cent on sums Of five hundred dollars and under
and four per cent on all larger sums; the Bowery
Savings Bank, it, usual interest dividend at the
rate Of i've per cent on sums Of five hundred dol
lars and under, and At the rate Of four per cent
on larger sums; the Bank Of the State Of Missouri
dividend Of three per cent, payable on the 2lst
inst; che Merchants Bank Of st. Louis. three Der
cent. payable on the 18th; the Mechanics. three
and half payable on demand; the Southern, two
and halt, payable on demand; the Exchange, OF
i've. payable on demand--all Of the same city; the
New Haven City Fire Insurance Company, . semi.
annual dividend OF four per cent payable on the
10th lnss
As there seems TO be q disposition Just At pre.
sent on the part Of individuals TO provide agains,
the scarcity Of small change by the issue OF small
circulating notes, IL may be well to quote from
the laws Of this State, making such IN act an
offence. aud INJECTING penalty therefor. On page
ils. Revised Statutes. fourth edition, volume .,
will be found the following sections
SEQ 8. No person, association OF persons, o. bedy
corporate except such bodies corporate are
authorized by law shall keep Office for the purpose
issuing any evidences Of debt be loaned or put in
circulation as money; nor shall they issue any bills or
promissory notes. other evidences Of debt private
bankers for the purpose Of oanug them putting them
IA circustioa money unless thereto specially autho-
rzed By law.
Sec. Z. Every person, and every corporation, and
every member OF corporation, who shall cortravens
either " the provisions in the ast section directly or
indirectly assent TO such violation, shall fsreit 81 600
Section IL. On page ll9 OF the same volume, for
bids any person to pay, give receive In payment
any bank notes issued by any banking company in
.hs state Of less denomination than one dollar;
and section IL provides that the penalty for the
violation of this provision shall be the forfeiture
Of the nominal amount Of the note so received
or paid.
Tho exchanges at tho Bank Clearing House this
morning were $32 ,667 400 30, aud the balances
81 ,55i 1882 76.
Ito ststsTert sf the baaks Of the three princi.