New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1867-10-23

AZ Z
into long bonds about as fast as they can DC
Pal and exchanged When these are out OF the
o. md the United States notes become the Only
.niirotion mon the Treasury redeemaDIe IN eoio
,ocent interest on the funded deDt' tne "oF U
v,ont can resume ana its citizens must loho" n'0
to.t il terror TO insOvent debtors anu 10 ,",so
20 Of neople who have overtraded, but to the labor
a. the country il is the signal for an era Oh
havinq no parallel in the past WIN currency 'n0
-cmivalent Of gold, new and permanent souioes
81 prosperity will be opened, more anus
ha cultivated, more factories es'aohSn1u'
',o,o mines opened and an enormous increase DC
1o 80 real estate in the form of new buildings OF
III Linds With labor and materials at their present
biob cost. 10 prudent man improves real estate
1.rOelv. nor makes any long engagement, from the
.iu,nle fact that resumption will find investments
,odo unon present values reduced full one-third In
,iee The condition of the business Oh the country
IN all departments is such that prompt resumption Is
4he shortest and most certain cure for the evils uuer
which people are struggling With SOUND cur
,encv business in all directions would assume fresh
activity and confidence take the place OF the exist
ing uncertainty as TO the future
The following is the rule of the Clearing House
under which settlements are made when member
Of the house fails TO appear:
srC 49, Should any Of the Associated Banks fal 70
appear at the Clearing House at the proper hour pre-
pared pay the BALANCE against " the amount GI Ia
6alanco shall be Immediately furnished TO the Gearing
House by the several banks exchanging at that establish
with the dcfaultng Bank IN proportion 10 tne
respective balances against that Bank, resulting from
the exchanges Of the day; and the manager sha MAKE
.equiitions so that t9S genera S as nds
The respective amounts furnished the Clearing Rouse
account OF the dcfaulhng Bank WILL OF eourSe S ALL
stute claims the part Of the several Ie.ponuins
hanks against that Bank but at before stSo 'e Assn
citation shall in wise be responsible therefor.
Under this rale all the banks in the Clearing House
arc not responsible pro rata 10 capital as was erro-
,leously stated yesterday; but banks having ex-
changes with delaultiDg association are alone re-
sponsble for its misconduct in certifying checks
when they have no funds. The system of certifying
checks for stock gamblers is an abuse which should
be abated By Congress. No merchant would dare
ask the cert6caion of his check by his bank WITH
out funds IN hand as securities, and shareholders
and depositors should see that bank officials do not
give TO desperate spectators facilities refused to
legitimate traders.
The Boston 1IarelIer saws:
The minimum bank charges for interests of rstclass
security for temporary ACCOMMODATIONS aIu IL
cent on prime and acceptances having rev nots
10 run In other cases the rates considerably higher
within and outside Of the institutions In general naIo
and there is very little animation ana tne
prices articles of foreign and domestic melshaL7
disc are rather nS0t eSppg mas rese GTo
tatoD Tales nj 500 un below the average ast
assessment Of five; the Bay two, and the Aloaez s.
FER share, amounting altogether to $500 a over
The london Times of the 9Th inst says:
At the Bank Of England unless reduction Of the eN-
ting charge OF two per cent De adopted an aiOst eo
pec cessation Of business must be temporarily eApeeeu
Within the las quarter OF century there have been put
occasions which the rate was as low as at Pte'
and movement TO lower point would be without par
add Yc had it been for the large impoTtateHs d
highiced wheat neeosstated by to m M G, nj he
iuhux of bullion would have been lnuch geatef man + ~,
now been Witnessed and that the MAGNITUDE OF the
nmonnt of money seeking employment would have been
Internationally increased. This state OF paayssls hot
WAS pointed ont week after week certain 20 result from
the extent TO which the terror ad rum OF te pane on
iE6s was needessy prolonged by the maintenance oil inc
bank rate &c per cent for nearly three months acr
the total collapse Of every kind OF dangerous speeuS
uon
The Proridenoc Journal says of Printing Cloths
Market very dull The following are the sales Of the
week 200 pieces 56x60 &c; LOCO do, 56XCO, 6sc
10000 do, GlxGl, 73c extra early in week; 10000 do
xi &c. extra 1900 do, G4x6i, 7!c extra; s0oO do
s4x74 7c standard; 1900 do, 64x64, &c. Total o.
1OO pieces.
Railroad earnings for the second week in October:
1866 1867
N western anu Oi IRA. s1asac5 ag,a Dee. :l''
Ssissss Ara Alton. sss Ijss5s II a 81:
The following is a statement of coal transported on
The Delaware and Hudson Canal for the week ending
Bet. 30 1861, and for the season:
Del and Hud Canal 20 jo55iV l'IIo'tsV
Pennsylvania Coal Co. ............ 355 lttsb
linton Coal 10 - 1888 alag
Total ns.................. Ss593 l,l53,922
For the same period last year
Del. and Hud. Canal CO...--.....3O,256 l,lmt6
Pennsylvania Coal Co.......---.. $40 II,4t6
Total uns...................si.2O4 l,l22ee2
Union Coal Co-nOne.
TILE MARKETS.
fCATeiulJ reported for TRE TRIBUNE
TUESDAY, Oct. o. 1867.