New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-11-23

AN'"i i''NA'N'F- N''f'~'''N' 49,
Deposits slIsIso5so sls.,mos.o Inc, 'ses9in
| Circulauon........ A,249t5i 5il%"e Dec. $50
Total liabilities sco4oosa ,gs,os4os Inc. ss9o52s6
% per cent reg. 6s,No0os Si'57e@52
! Excess over legal .
Loans. 22,ll9jjg 25lO''oJ me. A"I''H
The bank movement very heavy, and shows the
amount Of currency returned by the bear chques The e
gal tenders chow an increase Of h2,l9225i; specie
NI7sl45 Circulation shows decrease OF tii96; loans
an increase OF s29I 52i; deposits, sss'9 The total
Increase Of reserve ia t1OSsis2. The statement SHOWS
the banks TO be in strong position aud well iorthed
for their quarterly statement unless another iesKup
| should be engineered
The enormous issues Of Erie Railway stock by rs past
and present direction is 10 be productive OF good results
over 100 stock have already bound themselves 10
have nothing do with 10 un tho stock - registered
The Open Board have also passed resolution That ther
will not call any stock the Board that Is not registered
IN trust company. This resolution needs the eonhrina-
on Of the Regular Board to become law. and WILL no
doubt receive their mine diate assent. Why this action
was taken last Spring when the Erie issued 10000
shares Of stock and the Rock Island 5000 shares has
always been mystery 10 all moncyed men outside OF
Wallst Had il been done then the street would have
been richer by some millions, and the recent scandals
saved The present prompt action "a probably
due 70 the fact that the cliqucs own All
the stock here and 6o,ooo or 10000 shares
| that is on the way from London beside. The
1
hold il TINT they will be willing 10 put the stock In con-
dtion TO marketable again No clques OF men have
yet been able control the finances OF the street and inc
entire country for than few days but have been
inevitably Obliged to succumb The present ehques VIII
not prove an exception Al The present time business Is
AT saudst In consequence Of the disrust caused by
these ssues aud the value Of every stock dealt In al the
| Bonrd Is damaged by the acton Of one corporation
Every holder Of railway other shares has ss much In
teres holders Of Eric that all secret sales OF STOCK
| should be stopped.
We publish the following letter and trus, that the man
ayers Of the Merchants Union Express Company are able
10 give some good showing why the promises made
in reference 20 1t have not been fulfilled TIE TRIBUNE
WINS In favor Of the new company at lis staIt' luiy
believing that it.wOuld be what 1t pnrported-a h"-
chants Union for the benefit OF It's stockholders and the
dublic-but IT now has the appearance OF tockjobbng
concern gotten MP 20 enrich few people az the expense
OF the public took large amounts of the stock gene
rally in small sums. that large constituency might DC
secured, upon representations Which were not iulncd
| 70 the EdftOr Of The Trtbuhc. a., -,
sIR About ono year ago. Jan. o. lss, under the head
of Express Business. u your money article you 49,
Tie public understand that an arrangement hau posn
effected between the several express cOmpahes,
cutting OF prices would cease, ana common llIlh po
tnblished which would Insure fair divdonu W MI
dends 10 stockholders lOu estimated thht thet9 "o"
be saving OF at least tretydre per cent OF ileir e"
ings by al interchange OF freight money anu pd9
between the several companies ana the great r
Of expenses which would result IRON tns" e had
lie same route YOu also stated tat the nv
each large cash surplus, when iau Dech Io III, . b
gercnt purposes, hut which would theh pfOpaply SUI ~
among The stockholders. Now, cir, near year
ha nassed and tho stock OF the express companies III
statcments has almost steadily declined In the market
and tlo stock OF one Of the companies to when my az
feuon has been more especially directed the M1tehahlh
f,"Inn IL NOT now quoted a much more than OhehaI OF
what II was at that time and not dollar has Deen paIu
IN diyidends The stock OF the Merchants Union was
takcn y the business Of the country, ana is scat
tered among much larger number OF the people lhan ho
stnck of either all the other companies ptoDhpy
They took the stock, being made 10 believe ana conn
DENLY expecting. that company cOn DC es'hisn.u
and lie made 10 pay with lower tarf than had been de-
nanded But the tariff has been forced upon then'
d,ydeuds also withheld aud not only TINS, but ther III
Xasnenf {, only worth about nifty cents on dollar OF
the money PAID IL there not something rotten ~ po
mark" DO your duty and expose the swinders ahu rh
cal. II such there in this matter IL tme the gen
eros aud coDndng public understood how matsis arc
A., this cY nress businessa business greatly on tno ~
erease and which has hitherto been made very Prooe'
o.,,o,, so,ino, Bank. iiDion, " r., NOr. Is. 1868.
The oross earnings Of the underspeched railroads ior
October and for the first ten months of each year. are
| exh ibted below: 49, v.n