The Sun.
London, England, 1866-02-24 00:00:00

COMMERCIAL INTELLIGENCE.

There has been organised to this date in America 1,633
National banks, with an aggregate capital of $410,000,000.
The total circulation issued up to this time is $268,000,000.
The total amount of bonds deposited by the National banks
for security of circulation is $316,000,000. The amount
of circulation that may yet be issued is $32,000,000, when
the whole three hundred millions prescribed by law will be
exhausted.
The report on National Banks will show that New Eng-
land has rather more than her share of the circulation.
Maine was apportioned $5,415,000, and has 60 banks, with
an authorised circulation of $4,001,500. Vermont was ap-
portioned $2,989,500, and has 32 banks,with an authorised
circulation of $5,025,745. Massachusetts was apportioned
$23,794,000, and has 207 banks with an authorised circu-
lation of $64,809,633. Rhode Island was apportioned
$4,794,000, and has 58 banks, with an authorised circu-
lation of $13,414,596. Connecticut was apportioned
$7,221,500, and has 53 banks, with an authorised capital
of $18,989,418. Few other States have been authorised
to issue their apportionment, and the Southern States have
as yet received authority to make but small issues. The
question now is, shall these States which have been autho-
rised to issue more than their respective apportionments be
deprived of that excess, or shall there bo an addition to the
$300,000,000 authorised for the benefit of the Southern
States who need banking facilities ?

(From Messrs. E. F. Satterthwaite and Co.'s Weekly Circular.
By the Java we have advices from New York to the 6th
instant. Considerable purchases of United States 10.40
Bonds and 7.30 Treasury notes had caused an advance of
about two per cent., and 5.20 s were also quoted 1 per cent.
higher, while some of the older descriptions were slightly
lower. In Railroad Stocks the market generally exhibited
a declining tendency, Eries and New York Centrals being
especially, weak, both having fallens4 on large speculative
sales.
State Stocks and Railroad Bo4ds were neglected, and
with the exception of Missouri 6 per cent., which had ad-
vanced $4, remained with little alteration.
Via Greencastle we have received the following quo-
tations, being to the 9th inst
United States 5.20's lO2l I Erie Common
Illinois Centrals ll4 I Gold 139781
1
DETROIT AND MILWAUKEE RAILROAD
COMPANY.
We have received the following notice from the com-
pany, which we give in answer to numerous ii:tquiries :
To the holders of Funded Coupon Bonds of this company
falling due Ist January, 1866.
r
amfoeruntthiengcotueposn4s3r,s7obleenpritbore
elBg6i
These bondsem wbeerr,
tFoirletstm.heNrtgovage
Bonds,
and $200,000 on the Second Mort-
ga e Bonds, and were made payable on the Ist January,
18'66, and secured by mortgage of all the company's pro-
perty, preserving intact the priority of lien secured by the
respective mortgages from which the coupons had been
excised, the coupons being held by the trustees un-
cancelled.
The following is the order of lien of all the company's
Mortgage Bonds :
Detroit and Pontiac Bonds, secured by the
eastern end of the line, 25 miles, and by
part of Depot property at Detroit
$500,000
Oakland and Ottawa Bonds, secured b
itrisatc,mf aol ling
adou e
D, beltar yo
tlBa7nsd
that part of the line lying west of Pony
F
Milwaukee
secured by the whole line and by part of
the depot grounds in Detroit, falling due
A
15th May, 1875
Second Mort. Bond

202,000

- _is' secure- iy the whole
line and by lands and rolling stock ac-
quired after the execution of the first
mort., falling due 15th May, 1866 51,000,000
Funded Coupon Bonds, due Jan.
1, 1866
Do., Do., Nov. 15, 1868 382,500

1,020,000

Total .. $5,222,000
•
The property Which forms the security lu' the payment