New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1862-06-11
The statements Of the Philadelphia banks TO
two weeks compare as follows

cspi;S SsGsSeo5 ssO5i,6os Dec $4,000
The statements of the Philadelphia banks for the
las, two weeks compare as follows:
Capital stock.....sll,1is,sG5 sn'7lssIs Inc... go
Loans. Si'.4awo. 9l'ssm2 me- S5s
f bSs from other Bank: a ssssSs. Dee Dee
Dre IL o.Aci Banks. 25ss asssoi me- me- 5ss.
Circulation ........... 433sOl3 4a5i5ss IDc.. 1856
One thousand bales of cotton were sold to-day on
Government account. 1t consisted chiefly of the
Sea Island character only about one-third of itibeng
shor, staple. The Gulf Cotton was Of an inferior
grade, and brought 81 ace.
We have seen at the Office of Livermore, Clews
g. Co., the new coupon 80 p cent bonds of differ
ent denominatioDs-ihe first that have appeared in
market. They neatly executed; one Of tho
smaller having at the head an engraved representa-
ton of the combat between the Merrimac and
Monitor.
We call attention TO the following resolution show
ing the prompt action Of some Of our Insurance Com
panies:
OFFICE BRYKx,N FIRE Insurance. CO..,
No. Wallst New York. Jan. 10. 1862. :
Al regular meeting Of the Board OF Directors held his
day, it was unanimously
with made up. ELISHA II. CHESHIRE. sec'y.
We annex extracts from the regular circular of
Samuel Halett g. Co., as follows:
The which the present war has taught may result In
s an % tn. eo%neca affairs Of the eonaent quite
marked those which must necessarily take place In Is
political condition.
by the treaty with Britain following the las.
with tba, power It stipulated that neither party should
rainain upon the Lakes in time Of peace ships Of
wa carving more than one gun each The object was to
remove mutual Of dust well to avoid the cost
was made the Cansdas part Of the British Empire have
constructed canals past the rapids on the 81 Lawrence and
ascend into all the Lakes but Superior and capture destroy
every town upon them within tie territory Of the United
States az thew are all entirely defensees against attacks by
water especially by the new agencies Of destruction which
have been brought into use 80 ,
To this inequality OF position IN the only mode posi-
ble II IL now proposed enlarge the Erie Canal the
east and the Illinois Canal tbs west and to improve tie
navigation Illinois River tina, an Inning force
of gunbos,s emergency be P:ced on the lakes
both from the Hudson and the Mississippi Such facilities for
transportation would relieve all sppehehons 81 successful
nrosd upon whs, Is entirely erposed frontier and
would allow the withdrawal Of the means Of defense for oper
In other quarters the danger threatened
.veed or T0vsd Tae ,qssss o II, s'ss ,, s
tn. part Of the House Of Representatives Of Washington
which has unanimously agreed upon report It's favor with
every prospect that 1t will meet with favorable response
the the plan proPoes an snlsIgspen, Of the Erie
pas ship. Of fitted for operations upon the Lakes The
OF such improvement is estimated all the way from
be encountered, the new work required being Of the
simplest character possible THERE'S an abundance OF water
Wr, similar enlargement proposed for the inoi. Canal
though only the depth Of feet which would eqns the
The work here might involve proposed when the
present canal constructed whereby portion Of the
water of Lake Michigan could be turned down the Illinois
and Mississippi An excavation TO depth Of only eight feet
would accomplish h. object aud would pro5e5y be the most
desirable mode OF ehectirg the improvement although the
SUNNI, between Lake Michigan and the Illinois River might
be fed from other sources.
Although the improvements prOpUeed to be undertaken
military WORKS it is plain to zee that they would prove
vastly useful and valuable in commercial than in mill
10 his country T. economy In the transportation Of the bulky
produce the interior to markets which either within
the earth roads, the most valuable produce
grown be conveyed only comparatively short distance
portaon Hence improved highways necessary cond
ton TO any considerable either foreign domestic
Indian would bear COS. Of transportation IN
earth roads from The nearest points on the lakes TO tide
water Such coat would very nearly equal the value wheat
down with profits the docks not only Of this city bu,
nearly every city Of E'iGRs BY means o, OR nssmlesPt
favorable such works while tho gentle slopes Of
great plains render naygabe nearly all the rivers by which
they wa,eed and which In turn serve rs mos. valuable
feeders TO artificial lines.
The Erie Canal has reduced the cost Of transporting tun
Of merchandise from Buffalo NewYor City, from 100
by the ordinary highways to ~ So The process Of this
marvellous reduction gradus. one The cost at The present
time being only onoquaer what 1t when the canal
opened The reduction has only followed the increased
capacity Of this work There were transported over Il the
bush. having value of ,OOOO Produce can be trAns-
ported from the Western shore, Of Lakes Erie and Superior
duction OF bTessus at poht upon every portion OF the
territory in the West yet occupied by people and 10
Of important agencies by which the financial
strength Of the country has been sustained in the present
crisis.
But complete public works are, still want some
thing The average number OF tuns each Trip trans
ported by the boats navigating the Erie Canal the past season
l63 If their capacity could be increased TO 300 or Loo
tuns the saving ia would be enormous
saving which would nue equally to the benefit OF the pro-
Queer and The commercial value Of such an i'm
interest in the country would be incacua
bic All would alike share In It. 1t would draw to the North
ports whole produce Of the interior and nearly render
the existence maintenance Of Southern harbors
IL would cafIy habtsble line OF territory hundreds oil
miles further wes-thst is 1t would give commercial value
products hundreds miles west OF the extreme limits from
cude In the plan Of improvement the enlargement Of the Hi
vessel navigating the Mssissipp
spy branches might discharge their cargoes the
western shores Of Lake EIie.
many times the value Of the advantages we now enjoy
and which have enabled the country 10 display strength
which has excited the surprise not TO say the ADM alton OF
the world But the works have. in their present condi
With the onward movement Of the great tide Of popu
son niut supply the means TO give value TO Their indus
trssoT rather we must encourage such onward movement
by supplying In advance such means or conditions As yet
been occupedthose Of the ST. Lawrence aud Mssssppi
really belonging TO q common system Another al1ost
equally srge IL stll deserha Of which Lake Ninnspeg
center and watered by the Red River OF tho North
tide Of emis alton will How Into this IL by and
improved works market for the products OF m rgr
culture Such result would be effected by those proposed
and by Others f they rendered necessary In mill
tary point view. have the satisfaction Of knowing that
they will In very short time discharge their cost In the
charge portstoD which they will effect We
can thus make military precautionary serve both
Of protection and Of commercial ssgrsnd'ement