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The statement was received in the street as unfavorable, and the Stock quotations drooped under it. Eighteen miles of the LaCross Road, from Portage to Kilbourn City, will be opened to morrow. The July receipts of the Pittsburgh, Fort Wayne and Chicago Road will reach about $135,000. The Committee of the Board upon the affairs of the Michigan Southern Railroad had an interview with the officers to day. The Committee were requested to submit the inquiries in writing, when they would be duly answered. Our paragraph in relation to the deficiencies of the Philadelphia Mint has drawn out the annexed defense from the Superintendent. We notice that he has notbing to say in reference to the issues of plain discs of metal, or of coins only half minted. The Philadelphia Ledger says: We have been furnished by the Director of the Mint with some important facts in relation to coinage, which explains the cause of variation in weight, and exculpates the officers of the institution from censure, which the article published in The Ledger of Saturday, extracted from a New-York paper, impeaching more especially the late issues of the cent coin, attempts to fasten on them. Under the most rigid cases, variations in the weight of individual coins from the exact standard must necessarily take place, and such variations are provided for in the laws regulating the standard. In the gold coins, the admitted variations are from I to 1 a grain in single pieces, according to value; in the silver, from 1 to 11 grains, according to the value of the piece. For the new cent coin, 4 grains variation are allowed by law in theisingle piece. The necessity of such allowances arises from the inherent imperfection of all machinery and mechanical operations, so that it is impracticable that the discs of metal shall be prepared of an exact and uniform weight. In the case of gold coins, this result is subsequently obtained by weighing and adjusting each piece separately, discarding those too light; but with the silver, and a fortiori with the copper coins, such separate weighings and adjustments is out of the question. If it should be observed, then, that some of the silver or cent coins vary from the exact standard, this is no more than the law admits, within the limits mentioned. The newspaper article which induces these remarks, states that the cent coins were "of short weight, equal in some cases to 5 P cent; but even this, which is mentioned as an extreme case, falls short of the legal allowance, which is over 51 P cent. It 18 undoubtedly the duty of the Mint to issue the coins with as little variation from the standard as practicable. With regard to the gold coins, this end is known to be accurately attained by the actual weighing of each piece separately, and by weighing the pieces in mass. A similar result is attained in regard to the silver coins, in the average of pieces, by frequent and daily tests of their weight, separately and in mass. Within the last three months, the Mint has issued about forty-three tuns of cents, composed of 8,600,000 pieces, manufactured from an alloy never before used in coinage; and in this large amount a variation from the exact stand of less than one sixth of the allowance fixed by law has been found. Further experience will cause even this variation to disappear." In relation to the recent bank suspensions Thomp. son's Reporter says: We found it necessary last week to stop buying the notes of the following banks till we could ascertain their present position, viz.: Merchants Exchange Bank, Bridgeport, Conn. American Bank, Trenton, N.J. City Bank, Cincinnati, Ohio. Sandusky City Bank, Ohio. Union Bank, Sandusky City, Ohio. The Merchants' Exchange Bank, Bridgeport, Conn., has but a small circulation outstanding, which will probably be redeemed on presentation. The American Bank, N.J., is & free bank, and the notes are secured by stocks deposited with the State Treasurer. We have a savage letter from the President of the Bank, assuring us that we ought to quote the bank as usual. We think otherwise. The three Ohio Banks named above are free or independent Banks, and their notes should be secured; but the impression is that the securities have been misapplied, or are not available. Our advice would be to the holders of the bills of either Banks, not to sell at a heavy discount. We are now paying 70 cents for the notes of the South-Royalton Bank, Vermont. The circulating notes of the Bank of the Republic must be presented to S. K. Rathbone, the receiver, before the lat of October next, to participate in the dividend to creditors. The monthly returns of the country banks of Massachusetts were published on Saturday morning. The amount of loans are $49,016,806; circulation, $16,235,682; deposits, $7,102,398; of specie, only $1,116,554. The shipments from the several coal regions show a loes of 14,949 tuns compared with the corresponding
