New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-09-15

return to specie With these out Of the way there Is
nothing but the compound notes. which will be readily met
by the current income Of the Department The receipts
are 80 large that after paying the call loans the balance AZ
the Treasury viii accumulate TO degree which VIII
affect the amount Of currency in circulation. Inc
Depoytrneut il still converting the 1905 into 52Os
through favored channels. As 1t is more to the
interest of the country have the 73Os all promptly
turned into long gold stock than TO have commissions paid
TO favored houses the Secretary should lose no time IN
oottiuo authority 10 offer sufficient commission to any
one who viii surrender the 1913 for o2Os Inc short cur
renee debt is now the main obstacle to the resumption OF
specie payments which VIII DO an easy matter 10 soo S
the short debt is renewed
The excitement in Erie did not end with the closing Of
the transfer books but greatly stimulated by state
ment in The Times, that
The STOCK register closes to-day win aord no conciu
siye night at the election the Stock itself part
owperp in the time ard the new or bona Ge owner
or his proxy attorney present the to the laspec
tors OF Election by way of,ehalenge The new owner may
not able vote but he XII the vote or proxy Of the
previous owner"
This reads so smoothly that many people bought the
stock upon the theory that il will be valuable to vote upon
This idea viii vanish upon reading the following extract
from the Revised Statutes Part l., Title A. Chapter
XVIII, Sec 6:
And in all cases where the right Of voting upon share
shares Of the stock of any ncorporaed company Oh t
State shall be questioned it shall be the duty th
OF tie elections require the truntIsI
evidence OF stock held IN said company ano al 90
appear standing thereon in the name VI any person OF
persons shall be voted by suoh person persons ure
by themselves by proxy subject to the provisions o 'e
act Of Incorporation"
This section puts at rest the hope of killing stock by
presenting the certificates indicated by The Times
telegram received from the Marposa estate reports TO
the Company that the last weeks of the new amaa-
mator yielded s2 per un which is $50 profit to the tun,
instead Of 50 as by the old process.
The following viii show the recorded changes IN specie
at this port during the frat eight months of the year 1866;
Imports 795 36S from California 81, 290lO receipts
since Jan. 500 52437si exports, $54 74oi loss since
JAN l. 1866 $3 667 362 1t will be that while the
loss since Jan by this account has been over twenty
three millions the last two months show positive gam
Of four and hafmllions
The Chicago T,itsne of Wednesday says:
There was more animation generally to
day and financial matters showed more activity ILerc was
for at me st OF the discount houses
and supply Of caTTency is seaday improving 20 lheon
yenieDce felt in meeting the calls 81 BORROWERS Inc mar
ket comfortably st class nncs IheF experience
no difficulty obtaining the requisite flnds iOr ~ legitimate
purposes the usual relO per cent The street rate lo
less acceptable paper range om l2Gs rer cent per anu m
qUaty-the upper figure Tor rather hG2 udous
the market for exchange Mas weak anu
lower Round f-cey offered lilo discount by some
houses who were largely indebted 10 the CLEARING Louie asa
made at this figures but IN the siteinOO" hr
feeling prevailed with sales az 6uc Oh ana ~ Ire eos' 7c
discount refused round lot Tie counter rates were
steady al lCG! discount buYng-mosily the inside hu
par selling Buffalo and Oswogo bills were taken al OIL
The following will show the Eastward movement Of
Flour and Grain from lake ports foT the week ending Sept