The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1867-01-02

The Chicago Board Of Trade adopted on Saturday last
the following resolutions
Resolved, That this Board IL decidedly OF the opinion
nv than q nov provided FOR Sv law would & very Ss
mental mot ruinous, 70 tho business interests OF tho
Resolved That the secre,ary Of the Board be instructed
to forward copies OF the resolution 10 the United States
Senator and Representative from this district.
This only imporfecty expresses general sentiments
Of the mercantile community tho subject Of contrao
ton The present authorized rate Of contraction Is
cesivc and Congress should limit the power OF the Sec
rotary Of the Treasury this respect The reduction Of
tho currency in future should DO confined compound
interest notes, at rate not to exceed twenty millions
year they mature the Of contraction After
wards to reduced at the rate Of i've millions per an
mum.
The Syracuse Journal Of Saturday evening thus an
nounces tho failure Of State bank In that town
notice posted on the door Of the Central City Bank
Of this city this morning announced the closing OF that
instituon u Stats bank. and became involved to
the amount OF about SEQ 600 with contractors in tho
manufacture OF guns for the government during the war
has resulted in this failure We learn that the
deposits tho bank amount TO about $50, 000 which
tho officers stale will be paid. The management OF the
bank had the confidence Of the community generally,
and Of our business men had considerable deposits
with Il. H-s& Ise
The business transacted at the subTrsasury In this
city yesterday was as follows
Receipts. S6,164.526 Forcustoms $3.50 900
Payments =. :. $40, 225 Gold notes. ..... $40 900
Balance. 9S,O8o, 900
An English weekly. commenting upon the returns Of
the foreign commerce OF Great Britain and ireland
published by the Board Of Trade, says
Tho value OF merchandise imported into the United
Kngdosn FROM foreign countries and British possessions
during the PAST threa quarters OF this year amounted
moro than two hundred and twelve uuns ssSrliug,
about forytwo millions In excess Of last year. This Is
Of course chiefly duo 10 the enormous increase Of
trade with America, the United States contributing
to tho above sum . quota OF more than thirty-one
millions. An increase Of imports Ii also observ-
able 70 spain aud Italy, and Of British pos
sessions Australia and India anord additions -0f
one and 6vc millions respectively. On the other hand
tho yalno Of merchandise imported from Mexico has
fallen fourth Of the reached IN 1855 and
falling or though In less degree, has taken place
regards Sweden Denmark Egypt Bornco, the Philippine
Islands and Japan In tho matter Of exports increase
has occurred the United States OF nearly ten mil
hons the balance Is favorable regards all
the other States OF the Americas except Mexico Chile
and Peru large addition Of export trade has taken
place too with turkey, Egypt Java, China and Japan
and Of British possessions, with Singapore and British
North America There slight decrease OF exports TO
the Cape, sweden Denmark and Prussia but tho
amount OF British and Irish produce sent from tnis
country to the 30h Of September or the present
IL represented by OF hundred and forty-two
millions twenty-one millions than that reached
In tho corresponding months OF 1886.
The amount OF salt annually manufactured In the Sagi.
nav valley. Michigan, since 1880. In which yeaY the