New-York daily tribune., 1862-11-08

Leaves in banks and subTeasury Nov l. 1882 40 9Ol 900
Leaves in bauks and SubIreas same time SOL so VCeo0
Leaves banks and Sub Treas time iO... 2yoVg
Leaves in banks and snblro same time 5J 25JOVV0
On the Com Exchange to-day the feeling was
strong, with an advance Of to 10 ceuts III Flour
ana cent in Wheat and Corn. Provisions were in
active.
AT auction to-day were offered large line OF
Saxony woven dress goods The sale was well Al
tended aud passed of wiki considerable spirit.
Also, an Offering of Bonnet Ribbons Of the import
alton Of Messs. Chas. Payen & Co. The sample
lois were all sold, but very few duplicates wer"
taken.
The Balls Head Bank Of this city have just issued
new five dollar notes, from ates engraved by tie
National Bank Note Company. This is the third
iseue of that denomination ty this Bank-the two
former having been connierfetcd. The vignette Of
the new Five is all exquisite engraving OF Rosa
Bonheurs celebrated picture. The Horse Fair"
On the left of the note is prominent bulls head,
aid directly over the signatures are number of
small bulls heads and figure fves, beautifully inter
woven with the name of the Bank--tbe whole being
surrounded bya border Of figure fves overlapping.
The back is covered with al intricate combination
Of letters and figures, with large bulls head, in
CtJStQ III NJ tlthcl III BitfH
The execution is in the highest ,tyle of the art, and
would seem to be perfect safeguard against eoun-
ierieting.
The question Of the accumuative character OF the |
dividend upon the Michigan Guaranteed shares has
been mooed recently both in Stock circles and in the
newspapers. AS the period when the Company will
be able to declare n dividend is at hand, the
question takes new importance. Threats have
have been made that the common stockholders will
allow the Directors TO pay any back dividend,
and in such an attempt is made, that they will
put in Directors who will spend the entire ca nings
on the road. We don't clearly how this would
improve the condition of the common stock and
such action would probably bring about the ap-
poiniment Of q Receiver. The annexed sentence
which appears the face Of the Guaranteed Ger
tifcate is the basis for the demand OF the Guaran
teed Stockholders for back dividends
Said stock is entitled to dividends at the rate Of
10 p cent apnum, payable semi-annually in New
York, on the LIST June aud December in each year,
out of the net earnings of sai6 Company and il
also entitled TO share pro rata with the other stock Of
The Company in any excess Of earnings over 10
cent annun, and the payment OF dividends az
aforesaid is hereby guaranteed"
We don't know what construction the Courts
might put upon the above language but the decision
Of common sense is that the 10 v cent is accumula-
tive. Ii this be 80, and we believe it is not denied
by the officers Of the Company the shares carry 80
4 cent divideuds.
The November number Of the Bankers Magazine
contains article by the able Actuary of the New
York Life and Trust Company, Mr.. j. +. Eniz,
upon tie policy of establishing National Savings
Bank and Annuity Office. Mr.. Entz is thoroughly
acquainted with the subject, and adduces many al
gumenis and statistics to prove his position. Other
nations bave adopted these schemes for raising money
for the public service with great success. We com
mend the article to par les who in positions to
forward the views proclaimed in 1t.
We are gratfed TO learn that the box stolen from
the Bank Of America on the jh inst, belonging 70
Messrs. Riggs & Co., not the chief bank-box Of
the firm bat one used for convenience in the current
transactions Of the day, their main box being rarely
removed from bank.
mnrkcts-CARgFrLLI RgPohl I'D yoR THE n. Y. TKiBrsE
FKDAY. Nov =. ifR