New-York tribune., 1868-01-01

alton The plan of clearing so far ns perfected, VIII
DO substantially the same has been successfully
adopted in tho settlement Of gold transactions. by
exchanoe Of tickets or orders between dealers foi
each transaction and by sending statement Of tho
same. with balances 10 tho Association. Tbs
charges informally agreed upon arc 20 cents Tor lN
shares stock received delivered and 10 cents Ion
half stock IL is proposed 70 clear Few OF the acuve
stock at first and as the working capacity oil the
Clearing House becomes deyelopeb, and tho dealers
are familisfized with the movement TO mclude Ia ~
most of the stocks dealt in. Rules and regulations
for dealers are being prepared and can be ready 0
distribution at an early day. The Trustees say:
We are unanimous in the opinion that, the cearre
system Is only new way of settling transactions; rs te
stock movement under II VIII ne onsstunR & nus " ,,Iv
deliveries In the active stocks, ana oei1orns III Y ~
balances OF stock and the currency niI
reduced to checks for tho amount OF "a chdEs f
through clearing house. listea VI s and
each Transaction involving very large sHos on
requiring to be eetsdi dont,on Of this plan
will not result in any detriment 10 the business 1 @ .e
~ sSd e s reat saey ana ecoomy OF labor
aud expense 10 tho movement We sec no !Ssst ~ AZ,
fine exnerrnce OF this Exchange IN the adoption oI tis
SYSTEM will differ from that OF other oganzatlops wnlS %
have the clearing principles A report oi TUE Tue ~ 20 IN
review OF fhe SUBJECT: 1.-THE business was henceiortn
accomplished quickly, with less annoyance 10 nii
there was an Immense saving Of time ard labor tno
Incidental benefits resulting nW w. s,icna:a
even greater advantages IN Clearn8-honse i"t soo-
Certain holders Of Minnesota State Rallroad ponas'
Issued in 1868 and 1852 are about commencing sult 70
compel the State to retain in trust for the bondhod
ers the 100000 acres of land set aside for such pnr
poses by act of the last Legislature, which acs iale
however TO receive the Endorsement OF tho people as
provided therein The holders of the bonds argue
that the submission of the act to the people for them
ratification was void and that the action Of the Legs
lature is obligatory upon the State.
The transactions at the Sub Treasury to-day were
Receipts for Customs $3.50 go: for Gold Notes sds
OOO; total Receipts. s3o7i,SS7 c6 Total Payments.
1850, ,SS1 rs. Balance s10l ,0S3,@23 49,
The aggregate amount Of Exports exclusive OF
specie) from tho Port Of Nsw-York to foreign ports
for the week ending Dec. 81, 1857, was S2,5NH2
The Hanover Fire Insurance Company adYeitses
its usual semi-annual dividend Of five per cent pay
able on demand.
In Frcights we havo again to note very dull mar
et in all descriptions and with limited offerings fog
Europe rates have declined There is larger supply
Of vessels in port and for charters low rates are cur
rent. We find an increased disposition to send
vessels OF long voyages owing to the poorer pros
poets for cotton freight at the South.
The following is an official statement of tho busi-
ness of the Office of the Assistant Treasurer OF tbs
United States in Now York. for tho month endiog
Dec. 80, 1867:
r~Fr~-a lyATCn ~