Tioga Coal, Iron Mining and Manufacturing Co., 5 per cent.,

70,000 00

Contingent Debt,

$1,563,000 00

The Interest on the Contingent Debt is provided for by the respective Companies to whom the credit of the State was loaned. On the other debts the Interest is raised

The receipts from the State Canals for the year ending 30th Sept., were, $3,473,486 60

The repairs and expenses,

641,652 08 $2,831,834 52

$200,000 00

1,300,000 00

350,000 00

981,834 52

$2,831,834 52

A large Sinking Fund, and the daily increasing income from the State Canals and other improvements, added to the many other resources of this flourishing State, provide for the most punctual payment of the Interest on this debt, and for its gradual extinguishment.

NEW YORK CITY DEBT.

Public Building Stock, redeemable 6th May, 1856, 5 per cent.,

$515,000 00

The Valuation of Real Estate for the City and County of New York was, for 1847,

$187,315,386 00 59,837,917 00

$247,153,303 00

$2,581,776 00

BANK ITEMS.

THE IRON BANK.-Charles P. Bissell, Esq., late Teller of the Farmers and Mechanics' Bank at Hartford, has been elected Cashier of the Iron Bank, Falls Village, Connecticut, in place of R. M. S. Pease, Esq., resigned.

STATE BANK OF ILLINOIS.-The charter of this bank expired on the 31st October last. We learn from the Springfield Journal, that the Governor of Illinois, by authority of the last liquidation law, has appointed Messrs. N. H. Ridgley, (Cashier of the bank when it failed) Uri Manly, and John Calhoon, trustees, for finally closing its affairs. The Board of Directors have assigned to these trustees, all the effects of every kind of the bank, and have given them full power to do every thing necessary for the performance of the trust.-Missouri Republican.

PROTESTING BANK NOTES.-The Comptroller of the State of New York has very justly decided that, in cases of protesting bank notes, the whole amount demanded by any person at any one time shall be included in one protest.

A Buffalo broker sent a notary with a package of notes to one of the banks in Chautauque county to demand the specie, but the specie was not forthcoming. Each note was then put under separate protest, making a bill of costs of some $200. The bundle of notes and protests was sent to the Comptroller's office, where they were redeemed at an expense of 75 cents.-Thompson's Bank Note Reporter.

BOSTON MONEY MARKET.-A favorable change in the money market has taken place during the past week. The banks are discounting more liberally, and there is less demand for money in the street. First class paper is not abundant, and even Corporations seem to be out of the market for the moment.-The rates of interest are unsettled, but they are lower than for some time. It is doubted by many whether this improvement will be permanent, as it is thought probable that the demand for money will be great until the present year's liabilities are cancelled. A rapid improvement is not to be expected after such a long season of depression; but business has been so far curtailed, and prices have fallen so low, that much less money is required to carry on mercantile transactions, or to hold the accumulating stocks of produce and manufactured goods.-Boston Traveller, 25th November.

BANKS OF NEW YORK.

Banks of the City and State of New York, 30 September, 1848.

RESOURCES.

City Banks.

All others.

Total.

Loans and discounts to directors and brokers, $36,473,264 $31,613,890 $68,087,154

Do.

do.

to directors,

Dividends declared by the Banks of Philadelphia, November, 1848.

Bank of Northern Liberties, 5 per cent.

Commercial Bank of Penn., 4 per cent.

Manuft'rs and Mechanics, 31

*$2 per share of $30.

Notes on the Money Market.

NEW YORK, NOVEMBER 24, 1848.

We have to record a more buoyant condition of the money market since the first week in November. There is a much better feeling among monied men, and in the banks of our principal cities. The Stock Exchange, that unerring barometer, indicates this improved feeling.

The banks of Boston and Philadelphia have recently declared dividends of a most satisfactory nature to their stockholders; and the line of discounts is, we are informed, as large as it prudently should be in both cities.

There are considerable issues of Government Stock by the Treasury for foreign account, and sales have been effected at 107, which is far better than the price stated to have been obtained by Mr. Corcoran in London. This rise is in some measure attributed to the notice of the Secretary of the Treasury under date of November 7th, that no further instalments will be required upon the new loan, prior to January next. There is another, a more potent, cause (in our view) of this advance in Government securities, viz: the result of the Presidential election. In this result, we see the triumph of peace over war measures, and that the domestic policy supersedes the foreign one.

We now have reason to hope that American labor and American capitalists will be restored to that measure of protection which is so essential to enable them to compete with the pauperism and the gigantic money power of Great Britain and the Continent. It has been manifest for four years past, that the iron and coal interests of Pennsylvania, and the manufactures of the North, South and West, require the fostering care of the Government. We have been pouring millions after millions into the lap of England and Germany, to pay for labor which should have been performed at home. While money is a drug at two or three per cent. per annum, (as at this moment in London) and while labor is so low throughout Europe, we cannot expect to keep our Cotton Mills, our Furnaces, and our Mines in full force.

It may not be generally known to our readers, and we now refer to the fact, (see p. 520 of our second volume) that the duty realized by Great Britain upon one article of American produce annually, is about Twenty Millions of Dollars. We speak of Tobacco. The aggregate value of the article, upon which that country derives such a revenue, is in our markets less than two millions. Great Britain thus creates a greater revenue from one small article of our exports, than we do upon the whole importations from that country.

Bids were received during the past month for $500,000 of Erie Railroad seven per cent. bonds. The successful offers ranged from $88 02 to $89 00. These are mortgage bonds and are considered an excellent investment. The old stock of the Company is selling at 57, and the new stock at 80.

The exports of cotton to Europe from 1st September to the middle of November, are about 220,000 bales, against, for the same period last year, 155,000 bales. The receipts thus far this year, are fifty per cent. larger than in 1847, and there is a fair prospect that the crop will reach 2,600,000 bales for the year ending 1st September, 1849.

There have been numerous failures within four weeks past at Boston, New York, Philadelphia, Hartford and Providence. Boston has suffered much from undue investments in Copper stocks and Railroad stocks at a distance. Trade has become too extended, credits have been too long, and the importations of foreign manufactured goods too large. The Treasury estimate of revenue from customs this year was thirty-one millions. This has been exceeded largely; thus indicating that our imports have been too heavy.

Exchange on London, 60 days, 108-109.