, 1859-03-12

,S property, ,tuterest payable semisannuall1
:.sg York city. The applications still exceed
demand and lenders are exceedingly par'icu
:, and cautious as to securities. Our country
readers must not infer, however, that there is an5
chanoa here for them to borrow on the came terms
Even unlmproved city property, II outside oi
business localities, will not be accepted on scarcely
snu terms. Tho fact, however, that beet business
nronerty will command money at legal rates is
s1rn!acsnt, and shows that the money market Is
working decidedly easier.
Thu Cinc,nath Gas<&&e Of Yesterday has the
following:
Tho movements in financial circles day in
dicatcd better supply Of currency, and the
leadin9 features of tho market were hhade
eas,es. There was full supply Of good phper,
The offering. 6;1g ,ss s II ~
firmly maintained At 10@t2 per cent
Tbs market continues TO BE- meaRerly supplied
with Eastern Exchange, and dehlers to-day were
qute strict in condaing their sales TO regular
customers, and whenever this rule was relaxed,
advanced rates were charged. He neafo OF ssles
By one house Of SIS 600, on New York, at pren.,
and o,her transactions were reported at the same
feure. The regular rate fur bankers checks
rerusined at " prem, but tho indications are that
in the event Of no uniform advance, We shall
have two or three fa1es' a1p2ps ~ NJ, y 49,
ueaefs booent 81 w " wo.a' 11hn -.1a n n,,,e;sa
30 Has quIe ,rsc', ~ p5II I,1s sell as balore At
prem for 50 day., ,aud to ! dis. for 60 days. Wv
quote: ex1,,x
a.,, sa<S25 artm, A3A prem,
American Go.d............... Y p'em. SsfS pror.
Tho St. Louis Democrat Of Thursdsy morning
says:
We have no change Whatever to report in
money massn .s.rns ~ 1 ", cent for hsnf.
cnsoke Gonh9So sso :. moS.rnt. snnn1v II
ao5 iaaoa. o9saIJ IG9IJn ..a+ A;scannt
@ao 0oasa' ~ 2s@1< r.,.:s,. ee' o.
THIS makes the pfaee Of tkensnge IN Oh 10u''
~ ~" s.., - - se ~. .,e
10 t0e 'ne lolo"ins s''''i0 .'oAA %"e
field S'oHfna1 OF ysstesdsy morning:
IMPORTANT su11 uKpzz Eu1 GExzRAL BANNING
LAW.
A question involving the rights Of blll-holders
under the General Banking Law Of the Stats,
nnd going in good degree toward testing the |
entire merits oi the system, has lately arIsen. |
and IN uov awaiting argument in our State
Courts, It appesrs that Massrs- Wadham and
Houeb. 10 agents of J. Il. Adsit and Elisha |
Willard. OF Chicago, presented to the Bank Of |
the Republic" and "E. l. Tinkhan Co.'S
Bank." et McLeansboro, q considerable amount |
of ths notes Of those banks. and demanded epe-
e;e th.rrfor Ths oficers pretended to be will
iuu "a oaah the notes. but they did 1t in 10 slow
snd diistory a manner that it would have taken |
perhsps mouths to hare gotten through With |
tho count their huBness honrs continuing only |
from 10 Ax tc l2 n and from P.x. to 3 Fx.
Besides, the Banks insisted upon paying out |
ouly small silver coin issued under the act Of
Congress of 1858. or in mixed pieces OF differ
ent issues: nor ID there any proof or any aile.
pstfon thai both or either Of ssid banks had sui.
Hcient coin of auv Kind 10 nav the amount of
do notes Of said banks presented BIZ Wadham
and Hnnoh
Tndsr tha,a r;rcp netances the bills of tbose
banFs rera nrote,ted. and tho protests we're
fied w;th In 1nditor. who accordingly gave
notice to said banks. to pay The amount in tep
days a REQUIRED by lnw. Thereupon the banks
msdo Qualification to 4 Campbell. ESQ, Master
in Chsncerv. for an ipiunctiou restraining the
Auditor from proceeding under the Banking Law
aeeins, them-alleelpg. among other things,
that the4 had right TO pay their bills in ihe
silver coin isaued under The sct Of 1858: and
further that the amendments to the Banking
Lav nf TIN ,tete. nnder which The Auditor WIS
ACTING ars nnoon.ttutional becausa thev rere
m, snhnn;sted tn ! yote of the neonle. The Mss.
tor without e,Tino any opinion on these points
thou oht th.v wers of suficieut conseouence to
be srbmittad to tha Courts for adjudication. end
therefore granted tho Injunction, and the bill
was then flied in the Cltcuit Court Of Sappanon |