The daily union., 1852-10-15

United States hads eih c4Sa.
In American In foreign Total.
PS,.;.a psms:is ,sss5is sisssss ssa9s.s
Imports 49,. ..... lSyslsss1 l,4o,T4 iso4s,ss
Tonnage eniered........ a55,5Is 53,lsi 4os,S71
VI the foreign goods exported Cuba. nearly the whole
is specie. and ofthe imports from Cuba aboa $40 600 600
Is or sugar II follows, them that there is balance Of
about twelve millions annually paid to the island in
cashand bills and that balance is extracted from the
planters by the government send home TO Madrid
for the profit OF a corrupt court The duties exacted
npon the produce of the United States are OF the
most exorbiiant character being $40 so per bbl Of
Hour sale OF flour at SIT per bb in Cuba will hardly
realize Tor the shippers here price OF IS co. The planter
who sells 300 pounds of sugar give Sl7
for barrel OF -four Of that SIT, the government gets
Sl0 o. and freight and charges 81 rs and the American
shipper So 60 IL this trade were upon reasonable foot
Ing the planter would get and half barrels of aour
where he one and the sales United States pro-
duce would be Increased three times. Instead, however
OF the planter being allowed purchase the he
wants rom the American producers. he is obliged give
twohirds OF the proceeds of his sales the support OF
most corrupt government in Madrid-a government which
is necessary to the Earopean system baance powers
allied to suppress republican, progress The chief produc
on OF Cuban industry last year sugar57I S22 900
pounds or this the United States purchased 25 900
pounds-a quantity equal to the production OF Louisiana
and half the whole product Of Cuba. The sale of that
sugar 10 The United States is the great source of Cuban
wealth II the importation OF that sugar prohibited
other sources OF supply including own, would meet
the demand but Cuba would find great difficulty
sales, as she does. for cash bills remit Madrid
prohibition OF Cuban produce $ a war measure might
be more effecnal in bringing the government its
senses, and tar less costly than actual hosies il the
Spanish were a commercial people, or endowed with
common sense. This was the great difficulty with
Mexico. Had the government been actuaed by the
ordinary influences of civilized nations there would have
been no war; but they given their blind
folies and suffered accordingly The fate seems to
ImDend nd "a time papS AQUA abnut
rive, indicated by Jefferson long ago his admin
israton, when he that the only fears relation
the Spanish possessions OF tue possible inability
Of Spain TO hold them until ths United States should be
ready TO receive them. We ready for Cuba which
10 but cuch for decrepit Spain. large sugar interest
has grown up in Louisana, embracing the wealth and in
tegence of that State They have become experienced in
thar pursuit. which qualities them develop the great re-
OF the ADes and the the problem Cuban
destiny settled the better will be the interests of The
commercial world With it will probably bo clio sed the
continually recurring anxiees connec,ed with the pro
longed meddng OF European powers upon these conti
nents.
Money ia more easy than it was. The payments from
the counry so large and prompt that there be no
serious sringency Of the money market Tho OF
money daily paid into banks is large, and check
upon the usual of procuring that money involves
momeniary pressure; and since the commencement of
September OF discounts led Is probably
three millions The Stats comptroller for the first
in has dated back his call for the bank
than sixty days subsequent the previous As far
these have been made public, they show
nearly 20 cent In the discounts during that sixty days
The Metropolitan Bank alone increased its discounts om
So sos SIG 81 796 1876 This is of the
and the enhancement of loans nearly altogether upon
part OF the numerous new banks competing with the
old for business The old chartered banks have lsga
limit their lines OF discount which they dare oyersep
This throws the business into ihs hands of the
banks The Hanover Bank raised s7os s74
1885, and its specie decined from S92 900 sl
in the time. Bat il has been since that tina
the curta has taken place, because the banks
pected that would be called for, usual the
last Of the This whole proceeding is in the last de-
gree pid or what service Ia IL TO the active business
men to know much the banks had loaned sixty days
ago. when nearly every note then held by the banks has
since been paid II all the banks PEELED make
weekly returns the community would know from day
day the of the market To the action of the
Metropolitan Bank of this city mainly to DO ascbed the
Multiplication OF sham banks in the CITY OF Washington. u
was briefly thus This law Of the State OF New York compes
every bank small dopose ample security
with the State officer for their redemption The country
banks then appoint egent 70 redeem their
st per cent discount eibrr IN Nsw York CITY Albany.
rt, amount Of redemption sIrdej ia nrahr; bu
brokers started hanAa out Of ho Srns under loans which
required security, and redeemed their 10 Wall
att 4 discount The Metropolitan Bank declared war
all these and by collecting tho notes and returning
them upon tho issuing bank for seoie seeks compel
thea to keep their par in the city. song the
notes thus collected by the Metropolitan well secured
IL runs no risk in taking them Nearly all the States have
prohibited any other than secured But the Distt
of Columbia has not Hence bank there started by a
Wall street broker may Issue unsecured notes circulate
in Wall street per cent, discount The Metropolis
tan Bank touch them, and they circulate with
i'm punty Their worhlesness protects them against the
Metropolitan regulation. The Suffolk Bank Boston has
always pursued a similar in New England
fully 1t redeoms annually S250 900 00o-say 50 600 900
weekly--at par. This money flows in from the issuing
banks in every section of New England, and Is rapidly
made up and returned upon them. In fact the cur
rency is thus kept active, because all The banks
vigan,y running each other foF seifpfolecton The
nent any Institution receives the OF another il in
santy sends them to the Suf1k make good its
count and TO keep the balance in It's favor. IL is this
m snly which causes such immense amoun,so flow into
the vaults OF the redeemng institution The whole cifcu
of New Eugaud is S0Qo00Oo, and this passes six
time. year til rough the Suffolk Nevertheless the currency
Is in a state OF constant expansion. Every semansua
return for years shows increase of csptaln Boston
and higher average Of diyidendst
Boston Bark captipi and Dioiiends
April. October. Total Fer
Capital. Dividend. Capital Dividend dividend. cent
ls43 s4i6ooo sl7oBoooo s4lso0o ss3ooo 81
1882. 24,toooo so3soo 266oooo $4,000 ,oos5oo 72
This increase OF banking, and the improved profits, Is
extraordinary commentary upo, tho evils Of the "de-
sruave independent treasury" system. The evils which
were flow from that simple Independence q
banks the theme Of every whg spouter throughout
the land and the result has manifested the triumph OF
principle Even the mismanagement OF the Treasury De
during the last few years has failed to an