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The Journal of commerce announces the res
toration of specie payments in New York. 1t
declares that the banks have resumed in the full
lest sense Of the term. It does not appears, as
yet, how the resumption will affect the city.


The new banking law appears to be the subject
of great deal of conversation at New York
and it is reported that arrangements upon a
large scale, are already on foot, to take advantage
Off, 1t is said, even, that. some ofthe Wall street
banks are desirous ofgvng up their present safety
fund charters and of going into business under the
new law.