New-York tribune., 1866-12-05

The rules Of the Public Board suspended to-day,
and Mr.. W. 3. Lockwood son Of lie Graud Lockwood,
esq., waseleoted member by accamshon. He will rep
resent the firm of Lockwood & Co. at the Board.
We would cali attention to the advertisement, Of the
Southwest Pacific RArosd Company Of their First Mort
gage Bonds.
Exports exclusive OF Specie from the port OF New
YORK to foreign ports for week ending December 4
1866. s, ,4S0,Ss5,
The earnings of the Chicago and Northwestern Rails
road Company for the fourth week in November were;
ls66 esl 5e5'sl 1865 so37, ,36e 20 Inc sHlT ol
For the month Of November,
lsCs Oos 6s ss 1865. ss40364 q Inc. tss9l5 %
Coal shipped by the Pennsylvania Coal Company ior the
week ending Dec. was
ls6 4e5 266uns 1863 .54 9O6 uBs-Dee 40 80 tuns
Controller Hllhouse of tins State has addressed let
ter Senator Morgan in favor OF the assumption by the
General Government Of the debt of the respective
States The Controller argues that these debts were IN
cured by the States forEaonal purposes andthst they
have night to be reimbursed tor their ouays by aP
propriation from tho common fund He shows that the
exstenSa of the State Governments is much matter
of right as that OF the Union and that this includes the
right Of the respective States to control the means for
their preservation The payment by the States OF their
war debts in addition TO the heavy burden Oftazaton in
posed the General Government, would greatly cripple
Their resources and impair their ability TO and the nation
la fntuTe emergencies. Gen. HhOuse mainiains that
eyery consideation of sound policy demands that the
Government should remit TO the States some particular
source OF income be used by them for the pnr
pose OF paying their war debts he proposes mat the m
come tax amounting last year 70 $60,WOOO0shoud DC
cot apart for this purpose that amount being sucieDt Tor
the object and being more than the Government can
spare Ho states that this plan does not involve the as
sumption of the State debts by the Fedcm Government
their payment in any form by the United States Each
State would simply pay its obligations rom it, ovn re
sources and the General Government would ony sut-
pend the exercise of its jurisdiction certain source
OF revenue for specified purpose Tho adoption 81 this
plan wOnld afford the States opportunity 20 defay her
Indebtedness, object they now unable TO neeo
pbsh without ruinous drain upon their resources, the
Federal Government having foresisled The States IN
almost every department of taxation.
The Cincinnati Times of Monday says:
Tho demand for money Is s chiefly or legitimate pppose
and Wen distributed through the various branches of trade
There very httie palr o speculative character offering
the demand being mainly for legitimate purposes Rates Of In
terest 40 per cent for urexcepona and ~
good mercahue paper Inc rates )h
range "a per InO0h The banks stl an
most limiting their ayor dePo1tor and outside
ties nee. with but little thereguar discount houses
being m compelled to resort 10 the street
The Vermont Legislature, at ts recent session. passed
an act limiting the liability Of the Vermont banks for the
redemption Of their currency the period ol year,
commencing from the publication OF due notice.
Gov Woods has addressed message 10 the IOregon
Legislature recommending legislation to provide for ihe
construction OF raroad through the Wallamet Valley,
and by way Of Oakland Roseberg Jseksonye and Yreka
10 and connecting with the Central Paeifc Railroad IN
Caforns-shus putting the capital of Oregon in direct
communication with San Francisco company is ready
10 build the road II the Legislature win help tbero
The following comparative statement shows the average
condition Of the leading items of the Philadelphia hanks
a Al.