The daily union. [volume] (Washington [D.C.]) 1845-1857, 1853-07-21

show compared ilh the ksbunafy qaaTssr, the I1o
Loans. specie. oneuausa. Deposits.
sas ssssss s ssss,s sssss
Increase. II s,ss,,aa sssol 4,4sss ess s4s
The aggregate capital has Increased s. 800 900 IA nls
time, bai Abe discounts have dninished regular
TONER'S but increased 20 boxers and directors The specie
shows considerable Increase An odd ite here is. have
tho inc Ia lhe 4 old Calculation The OF
IL Is thns The oid chartered banks required 10
give security for their bills bat the charters expire and
they come under the law they compelled give
secury 10 avoid his iu before the expiration Of their
charter hsy Issue large quantities of the old bills 10 evade
The security This has been done 10 the OF nearly
SiO0O00 This Illegal Transaction should attract The at
ieniion Of the authorities Instead OF ihs however they
striving 10 obtana repeal OF the law which require
weekly statements 10 be made public alter August lst
The publication Of those returns will Decessary be a
great check upon The OF the baDks, and they
making strong fort obtain peal before goes
into operation One OF the city papers lend the
selves to this dsgraceia effort. Publicity is the only safe
guard and guide thai the merchant and business
have where the volume and condition OF the
which every mans welfare depends hang upon the
price Of some score OF bank cashiers The New York Cou
and Enquirer objects 10 the law ,ha, il does make
creditors any more secure That however, very mar
row view 10 lake OF the The soundness OF
banks, and their ability pay the obligations they sue
Is an ihsgncant Tie compared TO the power they pos
sess IN cheapening making money dear their optoo
All the notes OF all The merchants in the city amounting
hundreds oil millions, are money NOT according 10 the
whm Of the banks. II the money-that is, IL
they get them dsconntedthe merchants solvent
IL hanks refuse discount the merchants all bank
rups and they distressed in proportion the degree
Of refusal Now, what the banks do about do
be gathered only from frequent publicity, that ali
their conclusions Ii is Only the Of the usu-
rers the hoares. and all those who may make money by
public distress that would prompt secrecy in SO vital a
mater Hs
The late from Europe in relation short crops
and bad weather in England have Produced exsraord
nary excitement in the -four and grain markets. conde
ably enhancing prcesn some cases caying these above
the limits oil the orders and checking transactions Should
the weather continue bad in England for a few weeks
longer considerable further rise will be attained II is
to be hoped, however tia, the experience Of former years
will n aid of the dictates OF sense pre-
vent holding Tor exobitant prices, until the market is
and ruinous reaction results Flour very unsafe article
u hold at exobitan rates. nasmuch the
so various that may produce reaction As general
thing counrry banks milers have made any
thing by advancing On wheat TO hold flour Tor exorba
rates II is TO DO feared however, that with the present
abundance OF money and multiplication OF banks the
lesson may be repeated this fall In the year l847
uaordnary scarcity OF food took place in the OF
Europe and in England, and prices NY
enormously high These prices stimulated great produce
uon and the year 1850 wa, Of very low prices
The year lsi9 OF large imports into Great Brit
ain, ana Of lowlprces the continent England
ed in thar year 3870l86 quarters Of wheat 337I 2lG
cwt. Of flour, and 22l0,5o2 quarters of corn. The
United States and France supplied the aour-he latter
less than one third the whole quantity The Black
gions supplied 7O0lS quarters of wheat less than one
fifth the whole. The affairs this year seem. to be
tina, The whole supplies from the Black threatened
by the war Preparations, The consumption by the Rus.
sian troops being already large and Heights very high
The scarcity in the south OF France hr absorb The
whole south Of Europe and Egyptian supplies well as
much that Germany may have In lsl7 Fraace was
a largo importer and is so this year already. then
England requires this year much in lsl9 and the
supplies of Germany should be the same, account will
stand thusi
Ea@..N II #.# Wheat
Supply In 1884, 3,76l 40
nluck 7nAn