The Evansville daily journal. [volume] (Evansville, Ia. [i.e. Ind.]) 1848-1862, 1854-09-02
Monetary and Com merctai.

The money market has not exhlOlted any
feature { special interest since the date oil
our last weekly review. The currency ques-
tion is still unsettled, though matters are now
approaching point, where we may expect
some arrangement, that will settle the Gltfl-
culties permanently, at least, il IT does not
give satisfaction to all parties. This curren.
cy excitement is not by any means confined
To Cincinnati. IL is general Throughout the
country, and the farther East we go the great
er il is found. The New York Courier OF
Saturday says.
"The excitement about Western money
continues. We do not know " hat measures
are proposed TO place Indiana and Illinois
bills near par redemption; but 1t IS certain
that they will be not much longer received.
1t is known that several manufacturing con-
Germs in Brooklyn and New York have Tor
some weeks past paid out Milford Bank mon
ey 10 their operatives. TLis occurred again
on Saturday last, aud cannot be reprehended
too strongly"
The pubic are looking for favorable results
from the meeting OF Bankers to be held to-day
ut Indianapolis. The result OF this meeting,
we presume, will be TO drive out OF existence
such Of the Free Banks as are not legitimate
ly eetabiished, and place in a favorable po-
sition those that ate well conditioned ano
properly conducted. Until this separation
is effected, il is useless 10 look for the estao-
lishment of feeling of confidence with re.
ference to the Free Banks generally.
The demand for money during the week
has not been large, and the offerings OF prime
paper have been proportionly limited. Cur
rency has been in good supply and first class
paper has rassed readily at l0@l2 per cent;
second and third names range from 10 to "a
per cent.
The market for Eastern Exchange is still
somewhat unsettled. Two houses that refuse
Indiana Free Bank currency, boy at prem
and draw at Z; all the other houses, paying
and receiving what is termed mixed currency
buy at IL prem. and sell at ii; yesterday
however, leading house advertised thai
they would pay, in preferred currency, Il
premium for eight drafts on the East, being
three quarters per cent more than The two
other business houses referred to, offered.
There has been good deal of persona
feeling shown throughout this currency con-
troversy, and this is TO be regretted. The
public good is what should be aimed at IN al
movements, with reference to matters Of this
kind and il, in the present case, this hat
been the sole aim, we should most likely
nave ndu IledteT uuduiihlty VI 'cVh"S ohs
action. One consequence OF all this is, tina
lin the Eastern markets Exchange on Gin
rcinnati, is at greater discount than on othei
Western cities. Pittsburgh is quoted a
.2@k discount Louisville and 81. Louis Ia
il discount, and Cincinnati 2@2k discount.
The reported failures Of the Washtenaw
and Erie and Kalamazoo Banks, Michigan
noticed last week have been contradicted.-
The N. Y. Herald gives the following list U
recent failures:
Bank OF Milford.
Farmers and Mechanics Bank, Memphis
Bank of Carthage, N. Y.
Drovers' Bank, Ogdensburgh, N. Y.
The Brokers do not Uuy the notes Of tn
following named banks:
Bank OF Cast;eton; Merchants Bank o
Moon; Bank of Milledgeville, South Roy
ton Bank; Farmers and Mechanics Ban
of Kent county.
The small notes Of the Indiana Free Bank
are taken here at per cent discount Gin
Price Current, 30h.