The New York herald., 1869-03-19

There is an avalanche OF suggestions from the
Railway committee In the State Senate for the
amendment OF the law on the subject OF convertible
bonds and scrip. Those who are familiar with the
fact that the New York Central lobbyists have spent
nearly 900 during the past four years in the
attempt 10 get an amendment through the Legsla-
ture authorizing the increase OF fare from two to two
and half cents per mile will Immediately recog
nize the .colored gentleman'' In the following bil
which was recently introduced:-
SECTION l. 1t shall not be unlawful for any rail-
road company TO demand and receive as compensa-
ton for carrying passenger with ordinary baggage
sum not exceeding three cents per mile.
SEC. 2. All laws limiting the compensation OF any
railroad company for carrying passenger with ordi
mile, and ali laws imposing penalty upon anv rail.
road company when passenger fares are limited to
rate less than that above mentioned for taking un-
eject Immediately.
The London Economist OF the 9Th says
With slight relapse TO let out speculative buyers
OF United States bonds the rise which followed the
having reference to the of the public debt in
gold has been well maintained, and further rise has
pnScatloD or the teerram from Phadepnia WI Whies e
states that In the inaugural address at the Installation
Of President Grant he strongly supports payment OF
tion Of specie payments" The effect upon the iozo
bonds has, OF course, been less as the act authoring
in gold. There have been been considerable fuctuaticns
In Atlantic and Great western securities, first aud
second mortgage bonds which arc offered without
meeting any buyers. A fall Of between one and two
per cent followed the receipt of private elegrams
nrming the resignation Of Mr. Stebbins, the pres
dent OF the company. The 1862 and 1865 bonds
are both one dollar better, the l040's fracti0nay
higher, and Atlantic bonds In rather better re-
quest The 6-2os closed at sax s35s; do. 1855,
81h ASK.
The Boston Advertiser, under date Of Tuesday
evening, gives the following respecting financial
affairs In that city,
Continued closeness prevails in the money mar
ket the supply Of available funds steadily falling
or while the demand Is rather increasing,
the daily applications at the banks. added TO
those which have laid over from time to time,
making quite formidable array, considering the
limited resources OF the banks. The banks are,
along and, ny Judicious division OF the funds ut
their disposal, are generally able to meet reasonable
expectations, although many OF their customers have
to submit to reduction OF the amounts applied for
Borrowers, as . rule md money more accessD bic
outside than at the banks. and private capitalists
are now doing good business at hign rates. Rates
still hold firm, depositors paying from to per
cent and outside paper from to 10. Call loans are
quoted at to per cent on government collateras,
with but little doing.
The bank statement reflects the present condition
OF affairs and can scarcely be regarded as otherwise
than unfavorable. Individual deposits have fallen
or 81 443,9 ,965, and balances Of other banks have de-
creased &225, 731. Legal tenders have decreased
SIG 7si and specie $20,2s4 The falling on In the
resources Of the banks has necesstated decrease
loans Of $685. 62o, notwithstanding withdrawal OF
following are the footings, with those Of the two
atafampnrq.-