New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1870-01-22
roregn Exchange Is rm to-day at DE following rates
The following shows the result Of to-days business
.l,o S,,l,- rrnn s1,rr N tlIis city

The following, which We find In The Charleston IS. c.
Republican, is important to life insurance companies:
AS many inquiries made about the effect Of the
new law requiring insurance companies to deposit State
bonds condition precedent to eectng carrying
the business Of this State therefore give
synopsis OF the law: l. On before Feb 90 $780, each
life insurance company foreign and domestic) must de-
post $4,000 OF the bonds OF this State with the Controller
General, or cease from doing business In this state
Company sn,' foreign and dOmesticj must deposit
$4,000 Of South Carolina bonds win the same
Any company falling to comply with this law within tho
cies until It shall have made its Deposit neither the
company solicit to insure or IN any manner contract to
feet within this State The State in the law itself agrees
issue bonds TO depoors In case OF loss from any
cause OF the bonds deposited. IL Fortunate however
for all concerned that ali of the leading companies aud
In fact nearly all OF the Responsible companies nave eA
pressed their intention to comply with lne law; anu arc
preparing to purchase the bonds necessary 10 DC oe
pG From the letter Of Aessrs W Hopkins Co.. London.
Dec ST. 1862 we learn this important fact They state
with the present outurn. material reduction OF tho
American duty, or something equally Significant Is
necessary 10 advance the price OF iron rails above e7
Mr. Gilbert Morrison OF Oswego, In letter to gentle
man I'm Boston, relating the 0swego and NewEngland
Railroad, says
We fully comprehend tho value Of Boston connection
on the most direct ne and In our seek IT, Inc
trade of boston OF great Importance and It's great
wealth we look TO TO aid us In building the road WIN
point and connect with Portland look, however TO
your city objective point upon the seaDoad Us
wego now manufactures 100000 barrels or Hour annually
with capacity OF 100000 annually; we cannot reach
our capacty because OF excessive railroad nelghts.
with this direct line TO Boston and New.Egiand, ana
fair rates OF freight We AT once reach theam0unt OF
ono and half millions Of barrels as one Item OF trade IOr
the new road.
Our merchants and landowners cannot look too care
fully to the future OF NewYork They must not fold
their hands and say, New-York is the commercial me-
tropols her future II they do, Boston ana fort
land and the cities OF the St. Lawrence will seek to divert
hen trade on the one sde and Philadelphia ana Baltimore
will reach out with their strong iron arms TO the faraw
West on the other sleep while other cities
are at work The letter or Mr. Morrison Is worthy OF the
serious consideration OF all New Workers.
our readers referred TO tho annual statement OF
the Manhattan Life Insurance Company It's receipts
during the year s293o,Oc7 a. and disbursements
slao456 A. Present Assets ,79529 46. There may be
faster companies than the Manhattan, but IL 10 carefully
managed and eminently safe.
The follow ing the movement In Dry Goods TOT the
weeks Entered for consumption, s,lsiSSl Withdrawals
s5s9.lsI warehoused. s732,se.