New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1863-04-01
The statements Of the philadelphia B
last two weeks comnara "a folloMs:

last two weeks compare as follows:
c.,.,, Co.. March, gAs March 90 90 ~. s.y
Losns...... 354sS9s4 5soa76ls Dec. Sso771
sperie.."..-...... +,2s169s 4.3l.lo. Ino.. 6t9lt
Duo y otter Banks 1sis1ss s,s0i7ss Dec. 9ls72.
Deposits. soe9,ls5 2o'l7l2s9 Dee. s3lss2
Circulation. ....... 32sj,tGz 3,Sesl9s Ines. 1882
The Hansa brings three days later advices. Con.
sols were heavy at 92I 992i Cotton was active,
and I'D. y fb higher. Illinois Central shares were
p ceut lower. The demand for Money was mod
crate at y cent In regard to the Confederate
Loan The Times says;
Ths ratification having been received the Confederate
next BY MesH Ergef at Paris and Frankfort j. II. scbro-
der IN London and amsterdam and Fraser Trenholm Of Liv
erpooL
The cotton hypOhecated security he's to be delivered to
the holder Of each boad at h' option at the ratio Of sd
medistey within six months after ratification peace
The price at which tbs bonds TO be issued Ia TO with
IN sterling and sinking fund for redemption At par in
The annexed report on the National Bank Law has
been made by Mr. Van Dyck of the Bank Depart.
ment: .
Basx DEPARTMENT. ALBssr March 90, 1859
The Superintendent Of the Banking Department in ODE
B.'siss1 That tie superinieSdsnt Of the Banking De-
I' ,s.rsei reaae.sd to report to the Senate
Laws Of u State 10 harmony with the laws OF congess
eaabli,hns United sIs.oa Banking Department at Wah.
would respectfully
REPORT.
That the act Of Congress approved February rs 1853
authorizes the formation Of Associations or the
bunes. OF banking" in any State Territory or District"
aas m .I's9a. IN nagy to those con-
for the issue OF currency to such Associations based the
too Of aud registered bonds now issued or that may
be beIse issued tue iah Of tho United Stse. By the
irss A,esOns cd put 10 circulation as money TIE
notes thu: furnished and makes them receivable for All de
to the United states except for duties Imports and by all
creditors Of tie United States except r interest public
The laws OF New York place resclion upon s citizens
IN Keeping oce' for the purpose q receiving deposls o,
dscountns bills but they debar corporations created
Offices Of discount ana deposit within this State Chsp 20
laws OF 1881 The sane statute forbds under tho moas
eacsp. .ac Sose. scpSoae expressly s
ihozed By lazy, nom teepng any Office Tor the purpose oil
money and further provides that person, unauthorized
BY law sh subscribe to- or become member o. or DO In
rGny formed 10 formed for the purpose Of Issuing
nol other evidences Of debt to be loaned or put n cir
IBe authorization here spoken Of consss In special charters
granted by the Legislature n the case Of Incorporated banks
w0ioh be recelvedsnd compliance with tho eIhsr
vision. Of law the par. q! associations and individual bank
es which comhiued lave given 70 this State bsnkng
tern Of nnequscd efficiency aud safety ~
II evident, therefore ihst 10 bring the banking laws OF
thls in harmony with the late laws Of Congress- the
sins be mcdsd 10 recognize and admit
proposed ia the act a FEB ~ 1893 and permitting tue issue
AMI circulation OF notes authorized by such act OF Congress-
Provision Il also SIDE In tie act ofCeDgrts whereby
any Banils Association Corporation lawfully in existence
hank 0f oseuison, on the s OF J4nuxy 100 may by
phose iself ntoa ba1k under the National system,
and such Association OF Corporation Thereafter shall hare
the powers and privileges and shall DO subject TO the
sane due, responsibilities and rules 40 all respects as
pffGcrl ID In this Get for other Associations osaniked under
sad sha be held and regarded as an Association under this
il il the privilege Ofsny existing Association IN this State
10 close s business Of banking IA compliance with certain
acquisitions Of law having reference 20 tine Tedempoa VI its
calculation sad the payment oil s 0Dhgaoh 10 TIC eon1
So Also incorporated banks. who's. charters have expired
may operations association close busnsA
perceive how the capital thus released might u1dsr PER
mson Of law, be reogsnizsd n,o associations under the
Asionnl syiiem but not sufficiently aute In legal
principles 10 'ugges, lie provisions requisite ior re ..n,s
mani. AID have been Incurred under State laws
and whose very exdrns dependent upon agreements and
s.sS under and 10 DO terminated by those
laws How far obligations 81 contracts DO extended
and how far tho abss Of dissenting shaIeholden may be
nosy" ~iih mi. provo Of Congress, leave to tho
| sapeior wisdom % the Legs-tdre
The Of Congress under consideration also further
That any oaaA OF bsnsins association authorized by
any s ,% 70 & ~ ave A. ss dino Of The ss
his act which shall be the holder and owner OF United
States bonds to amount Of my centum Of its capital
sock nay and deliver to the Treasurer Of the United
such bolds any part tLefeo IA the manner provided
bsnk OF sociAon shall be entitled receive from
the Controller the Currency, circulating notes. 90 heIea
By our laws all tho Issued by the bsnk banking
and bakers doing business within this State
10 be registered in this Department In tho Of
bsnu. associations and baakes Organized under the general
auied TO BE- lodged IN Bsak Department These proceed
IL Z. only IN ulhneu OF legislative reqgstion but
In ecordAnee with constitutional requirements The Const
tudon Of thls State article section SAYS Ihe Lsgsa
tare shall provide by law for the registry q al o or notes
Ssued on put circulation money and 'hs require ample
security the redemption Of the same In 'peee The law
~ Copgrss proposes furnish such banks comply
~ tha
fo crcuiton registered 81 Warrington, tue deposit Of
sloeL. with the Treasurer Of the United States.
md ecnty furnlhed under the &C, Of Congress u.s. Is not
fhsnl OF hi. constitutional reputation At ay rate,
sond sys q the privileges offered by the act
Ccnges Without such permission an inevitable conflict OF
i.iieton mnst eusue which however decided will ensen-
der aagonisn OF ceiling lfo oIioned 70 The magnitude
the principle. involved W. con,itsnty WIN Ihe ,ono and
avoided time whom the cordial co-operaon Of loyal men
in sGRDSI Of ~ s Isis 70 s as
" eiran adopting the measures requisite to attain so
desirable sn end: -, . d.
The LLLoder II this point be attained the mode aud
ner OF reaching 1t 10 comparatively unmporto1t While It
that tho system proposed 10 the act Of
Ccpgess will afford currency superior to that evolved under
our own laws yet fthe paramount jurisdiction oCongess in
r,peel 10 questions Of currency prevail will be an ac Of
von 50 10 modify existing ensctnens to READER the
safe and national systems a' Homogeneous as practicable
Ina This ysy the sytrms OF corporate and associate banking In
his State have been gradually blended into each other ith
cut loss to Community ard without shock to the interests
b carrying into .eei the foregoing suggestions here
with respectfully submitted for the eOnsds,son Of the Sen
s,e H. H. VAN DICK, sup's, Nc.
The bill submitted by Mr.. Van Dyek is as fol-
lows;
sKcrloy The assent Of the Legislature 10 hereby given
10 the orsanzaon OF assoc sons for cayDg on tho business
within this State pursuant 20 the provisions OF tho
ec OF Congress vdea nsoual Currency secured by
pe OF United States stocks and to provide for the cir
castion aud redemption thereof approved Feb 20 1903
and The provisions fchgpter 90 article Sd part sI Of the
Revised statucr entitled Of unauthorized banking" &C.
shall o, apply the associations lomsd under. the
issued accordance with the act Of Congress aIore
said. "