New-York tribune., 1877-06-11
Mich Central
sArrRnAY. June Or.


New prepare for how'll Fer it is certain
10 come from every Spectator and as yet uhGe'eoped
bankrupt in The land. Il correctly understand tho
t the new agreement between the syndicate and the
Treasury Department, henceforth the funding oi PEI
cent bonds and OF legal tenders into per cent conso
are To keep step by step In the ratio OF 20 10 IN me
mean limo OF the remaining S25 100000 Of il2 per GEMS
to be sold Sl0OOO00O is fer the redemption iuhd and
sl5OOO0OO TO replace per cents This looks Ike
earnest work. and sufficient notice 10 the coiain'rca
world that the law of 1879 providing Tor specie pay
ncnts on Jan. /. 1879 is e. be- literally executed
The public probably relieved from any future re-
ports prevailing harmony IN the sessions OF the
coal baron for circumstances seem TO render useless
to longer continue the farce We would not refer 10 the
past course OF THE TRIBUNE in coal matters, save
ilat 1t may lesson IN another direc-
ton where the curtain is not yet uied Steadily
THE TRIBlsE insisted upon measuring the prooa'
bIuies NJ successful coal combinations and the
values ~ the stocks 10y the wel-known and immuinbe
laws Of trade and the necessities oi the case aer 'nah
by the honcycd aud hopeful words oi officials No com'
hnation was formed (outside of Walst spccu'os aud
none was possible, because with the restriction o roc
ton bankruptcy was certain to all but one oi the arse
companies. while, without it. the most energetic
company might possibly escape. The trouble was as
apparent year ago to-day too great Liabilities Tor
The means of earning 50 now, with ta' fhhA
line OF railways, it l. reported the utmost harmony
prevails" at q meeting 10 CONSIDER the manner oi poor
ing the earnings on wesoound freight. and % Is gwen
out that the compact was signed by all bat the Ire
The play Of Hamlet, with Hamlet ab'cnL Harmony
prevails" Are these the gentlemen who are hsAE
ing over the oil Traffic and eating rates 10 less than one
half what they ever beerei Are they The siine
who are very close upon Tor the cattle irahc'
Are they the same who are VrOwding tier r"ans
With extra fast passenger trains. aud cutting fares ~
time when the business would have wai sn'ca The WIN
drawa of many of tho old aud slow trtinsi lhrmouy
need-it may exist IN stock speculation, hlt l. ho'
likely to elsewhere t the words attributed % Mf' W.
H. Vanderbilt" There are five railroads and NOT pus-
ness enough for two"contain less truth than Trey do
now.
The bank statement for the week shows uneNl''''
changes IN lat the decline legal tenders Is 81 o'
sprcio ls less by 4O2 500. and loans expanded 7'l'
Co., against increased poss of g. 69oo inic. ~ '''
receipt o. about SjSO000 IN National bank notes 4N0
Whole movement results IN decline oi sl plus ioe'e
Of 81 2ss 625. the total being 3336lcr cent 90 de-
poss against $3.50 for last week pcdGc,n- .hc pee"
in l from the deposits, the ice,t,uder reserve no"
2G.95 per cent Of the remaining eurrrne! a'p's"s'
a,insi 27.i5 Icy the previous report The comparative
totals are as follows:
Loan. .2s59s,i 529G zoo .ss Is2s a7s5oo
specie . IssIs.5OO lt@sl,Ta0 Decrease i,- ~
~ cars 5s9}595o SSois So Peel-.s sl & $50
circulation. l6,ii5,7oo lGIo200o Increase l'alo
The following shows the relations between Ao 'o'"'
reserve aud the total liabilities:
IN, Clar.-es
s,..,o ga stt 100 slQ Nm. 700 Dec SO 200
;'.a9 40 5s07-ltO pee s2 6oO
Total rc.crye.8757i49oo s74,5issOO ...''
Reserve required
against dep s.ts+5o,sfu,lvu S1o11s,p@o $500.
hNrf ui reserve
above legnl ,.,-,-- ~, , % eas
gulTyInouts.... lJ.-sotnbV lofVoD,lt1 h'N'f''-~t'
Money has continued IN supeTabundant supply d"i"s
the week Gold after selling Monday at 1895 s'eHo
ily declined TO lO5is The outgo In payment OF bonus
and other returned securities continues liberal ses
tbs shipments for the week aggregang sl,2oOooo S"u
coin Governments while fairly active show hut slsh'
cbanges EXCEPT for the new 4i2 per cents. which au
ynueed b. lO7A OF state bonds, the Louisiana con'os
nave ruled steady, and South Carolnas strong. lho
Treasurer of Georgia In Now-iork this week. cA'