New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-02-12

So, ., broters to uso It. Commercial bills aro
=. es p,r cent and banks are ready to dis
eonn, an tho fair paper offered by dealers.
,.,to,oe j. not 50 firm and Is quoted: London .,
A. 1eRd1C9.; do. sight, 1l0sQll0; Paris I ons
Els,a5l5; do. short, 5lS.G512l; Antwerp d.
s.i. Swiss, SIS. a5IG!; Hamburg, So; Am'leI'ol'
N.a4i: frankfort Haas; Bremen 90 ~''''
Berlin, ~ az - ,bo As
Tie business of tho day at the Office OF ''e 500
ss,art Treasurer was Receipts for Ou,'I' IN,
CO. Receipts for Gold Notes, silVo; ,o 80, p,lonco
fl,721J10 IS; total Payments sOi'''i -
tis295L6Si G.. .-.ort. isxc,usjve of
..,o 49, mort Of New-Yorl to foreign ports
80, ending February H. 1858, was S@C'o leV'
an washington Insurance Co. have declared a
5iyidcpd of 6 per cent, payable on demand.
,rhe rsceut robbery Of the American Exchange
PIT # COO is reported to have been made in its
r,,d account The examiner Mr. Calender has Jast
been at the bank in his official capaeiy' ana iouha
eveyythng correct. A deficit in gold was explained
L statog that it. was with certain broker Tor SAFE
which mon inquiry was found untrue. In connec-
lion with the robbery an evening paper very justly
Says:
rnsos ~ this description IRE too often REGARDED by
anfborites as being purely private IN Their nature,
"drittiog ~ a VOLUNTARY treatment between the
he End its deirauen servant The law does not so
:-csf other the oAiuder or tho oeEse. dedication
i,rgfried bv a confidential man iu bank Is criminal
~ aud fraud, which demands punislnehl ~ "o. 20
b5Ss Te law WI, Therefore provides very
rsnrr!y mat lie delinquent shall be dealt with as
rg r. ali III the poe and give the culprlt in charge
Tie % Stcpon Of tie Jaw chacts rs I9iiV"s ,st.r
- r ys t s1r ssi1iop VIZ sts Seis as!sci o.
. g asI i s ,saf te o p! @ II a if IN Ss
A. Of tie association % snail without saea authority issue
srft u Of
- seci-ee a. s y . 'lsi ri o. tte;aahse m0t
&. 3D. uSt decree o. sail n'ie s9 false esi,y IN any Zoos 20
iar or oeou any other company body Pol OF cor
e. y sys c sP Ito to- ,s he a .'h
tef s4 be ruAslel ey Imprisonment mol less A'A A's NV ~
T. niov lefauiter to ESCAPE on account Of personal
Slri TVate iDluence OF Official apathy, is ~ UNDER
nc tie foundations OF our financial maehnery aau 10
establish most dangerous precedent ihe oS Hct
t-Ir ,,Jer Obligations 60 use their best endcaNois
n carry oit The foregoing section OF lhe law PSs
f,Ifrepcy act IS the chatter of the banks ana ny II
O. 0.i.cr ana servant OF every 2tk IN tue COMMIT!
. e ~ he rO ce-t and best managed Institutions IN
IT,! s-$ SIX God i,s SSs5g' pfo. Slsi25
The spirit Of speculation increases under The stimu-
lns Of an abundant supply of cheap money, of which
the greater part seeks employment in carrying large
accounts OF speculative shares. Parties buying them'
md those leaning upon them, alike agree that cur
rent ,cs represent speculative, and not real values,
sud also agree that under the pressure of easy money
and the danger of further currency expansion
by Congress. much higher points will be
reached. Under these convictions the number OF
buyers steadily increases, and the wiling
ness of lenders shows 10 abatement, as
prices rise. Nothing could be more stimulating
10 sYeculaons u stock than the financial policy OF
the present Congress- and the longer 1t delays III
adopting a policy looking to carly resumption OF
specie payments the higher prices VIII GO, varied by
ra.nous and damaging fluctuations. During the Re
beon thc financial action of Congress made all local
property seem more desirable than the national debt,
which undcrlaid and held as security for its payment
Gil the property of the country. With less paper
money than is now in use, Erie common sold at ~,
Hudson River $50, Reading l2S, Michigan Southern
49, and Cleveland and Pittsburgh l15. These prices
seem incredible but nothing is wanted to recreate
them but little ndiscTeet legislation such as may
ct any moment be had
Earnings Of the Chicago and Alton Railroad Tor
January:
1853 s2,9, 500 1867. s2is.7s7 Increase s'.55a
Earnings of the Detroit and Milwaukee Railroad
fox the week ending Fob. O.
is5s s205Is 1851 S22,457 Decrease 1903
The Western Railroad Company and the Boston
and Worcester were merged in the Boston and Al
bany. December /, 1861 The Western Railroad was
chartered in 1893 The corporation was organized III
January 1885, The first train Of ran through to
Albany on the 9Th of October, 1871. At meeting of
the stockholders Of the road in lS4l. Mr.. Degrand
presented the following estimate" of annual in
come from its business
From through passengers at 50 so0NO0
Prom l67 through tuns OF freight at 81 per un 66SO1
Nov travel and freight 7S4 eco
Gross income 2,352 600
Railroad ...........,...... $4,000
Net revenue 10000
The condition Of the road in 1872 the first year OF
through traffic, and in 1861, the last year Of the