New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-10-22

From one 70 one and half millions Compound Legal
renders have been exchanged BY the metropolitan and
other Banks with tho Government for now oOs July and
January interest. The Metropolitan Bank has placed
one million in 520s thus exchanged In the Banking De-
p,rtmcnt Washington for additional circulation. Mining
shares continue very active with the excitement strong
in Consolidated Gregory, Corydon and Bullion ConSo-
lidaiod La Crosse Gold is active and strong. aud
there are large orders to buyom Boston and Providence
The stock market under the vigorous leadership OF the
Secretary of the Treasury continues to ADVANCE and the
speculative feeling is as rampant when tho Treasury
emitted paper currency ratio OF OooOOO per day.
The gold room and tho sessions Of tho Stock Exchanges
crowded with thongs of seouatos and tho excite
mont fully EQUALS that of l863-iS6i Tho of the
early part of the week IS forgotten and under renewed
ease in money operators ready TO take anything offered
at almost any price. As this unhealthy state OF ahairss
wholly caused by tho administration OF The Treasury In
tho interests of spectators for ADVANCE 70 the damage
of honest industry no change eau DO looked for until Mr.
McCuloch alters his course and carries into his
official acts tho sound principles expressed in his Fort
WAYNE spooch and his annual report by his present
policy no steadily adds the speculative mania md pro-
vents the employment Of capital in long enterprises such
as the building Of factories the construction or railways
the sinking of mines oany permanent uso oil caPl's IN
reastate II fact worthy Of notice that there are no
railways of any consequence except those having GOV
eminent subsidy and no factories, though exsIing
mills paying dividends The whole system
of busness.s in tho highest dcgrec unsatisfactory to pS
don't people, and creates alarm for tho future Congress
at tho next session. which ends in ITO working days from
this tmc does not kc thorough measures to reduce the
currency Of tho country the year ending March, 1868, Will
witness speculative mania which will end in break up
which will cast all former experience into tho shade
Coupons Of tho thirty million Mexican Loan, due Oct
nxo III, off Of
Financial Agency Of tho Republic of Mexico, No. 81
Broadway.
Mr. Frunk W Ballard has boon elected Secretary Of the
Security Insurance Company of th, city This selection
is ct recognition Of Mr. Billiards. intelligence aod expo
dienco as an underwater and will result adyanageousy,
We doubt MOTTO the institution which has called him into
its service.
TIE Charleston Courier says, relative to tho Blue
Ridge Railroad:
The Stockholders Of che Louisville AMI Nashville Railroad at
their annual meeting the lst October determined upon the
extension Of tho Lebanon Branch Road from Crab Orcha
its present terminus 10 the Iennessee line a. point to which
the Knoxville and Kontuoky Railroad Ia beGs built This
belrng the prospects ofte Blue Ridge Road wtrc the
great Northwest crosses The Ohio River permanent iron
bridge which being constructed at Louisville and Jour
nes soathward to Knoyve oyer an unbosea me OF
lis depot far from H. Tho stream OF travel the gganie tan
.he great lakes seeking outlet on the south
Atlantic coast and he connecting link Is the Blue Ridge Ran
road.
The Lohgh Canal Company's new railroad, extending
from the head Of tho canal miles above Msuch Chunk
to Easton distance Of 10 miles Is stated TO be progress
ing rapidly. Steel rails 70 be used The road wilp
connect at Eaon with the Morris aud Essex, aud also
with tho NewJersey Central Road for NewYork, and at
Bethlehem with the North Pennsyyania Road for Pha-
dephIs.
The HarriIonJurg Old Commonwealth says:
We are Informed the Baltimore and Ohio Railroad Com
pany offer take the Manassas Gap Railroad aud put u IN run
ming order bat that the Manassas COMPANY refuse Through
Mr. Mnrsha is prcsidoni allow them to touch 1t until
hcy are paid e0O In advance OF the cos: OF building the
road to ITS present condition.
FIRST MORTGAGE BONDS or THg CENTRAL PACIFIC
RAILROAD Co. OF CALIFORNIA.
INTEREST At RATE oF ak PEs CENT TYR ASSUM PAY
ABLE ssNI.AsyUALLY, ON TUE FIRST DAY or JANUARY
AEDJULY.
PAlECIPLR AND INTEREST PAYABLE IN 4. s. GOLD COIN