The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1859-02-08
Irc.... S71S,927 4s1 ,2l3
Dec. l,T3S $40 = 1s72,67s

Ths s undoubtedly the worst bank return we have had
Dor months 1t would appear from this that, notwth-
standing the movement Of specie from the banks into the
sabTreasury, and Notwithstanding the unsettled condition
II political affairs Europe, notwithstanding the enormous
bank expansion Notwithstanding the probability that
large Of money VIII be taken out Of the banks by
public loans the midst of active business season, the
banks actually increasing their discounts Each nst
tution would SEEM has felt confident that s neghbor
would retrench and has ITSELF while raising tho
ecount, actually increased its loans weekly. dminu-
Aon Of s3,5c0,000 in specie and deposits, coupled
with increase Of 81 $4,000 in loans and
circulation, may well create alarm, and justify
conservative desiring the establishment of
such check the graspng tendencies OF bank managers
ne bullion bank. The bank loans Of this city
coed hundred and thirty Millions this time last year
they were only slos 600 The highest they
ing the highly speculative year 1857 1922 900
8h August At that time trade industry and enterprise
stimulated 10 the utmost; trade and industry
are only just beginning to revive and enterprise has not
yet reawakened from the lethagy caused by the crisis
We only repeat what have frequently said beore
the New York banks great the of
the crisis of 1867 by their unwise expansion they
widely expanded than they then let them look
Do that they do not again do the community mischief
The Judges of the Supreme Court may not perhaps
strain their conscences twice in ungrateul cause
ing call under six per cent and general rule
paper is done at bank under l. Private bankers still
scnnue to lend call below these rates, on undenabe
security reliable borrowers but ii Is well understood
that amounts so lent merely put out for day two
10 make few hours interest Money in fair supply
10 day among the brokers SIX, and the discount
houses at I. Exchange is quiet at previous rates
Bankers are holding at 1Oo1a%.
The arrival Of the steamer created intense duness
in the stock market Both parties fixed in the be-
lief that the rise and fall Of stocks will depend the
complexion Of the news and prepared to act accord
ngy. 1t is easy perceive how The military arrange
rnents Of the Austrans in Iombardo Veneta affect
the value Of Harlem preferred; the parties who buy and
sell that and other stocks, however, anxious at
present for news from 1ombardy than for anything that
emanste from the Offices OF the companies. There
was activity this morning in any stock dealt in
the board. The United States loan dull at satur
days price. Nissours a shade higher. Harlem
preferred pressed for sale, and declined q Il. New
York Central was quiet and rather tame at last quota
lions In The Western stocks there change Pacific
Mail freely offered by many brokers' the difference
time cash sales fully per cent Reading
quiet and steady Ia the afternoon there business
OF any consequence except In Pacific Mail, which was
freely offered by the bears ut large differences from the
cash price; anG in Panama, which pretty steady
though vigorously hammered with sellers options. After
the board prices generally rather lower the mar.
ket closed unsettled The closing prices Of the day were
Mssouris, SAY II New York Central s2X z; Ifar-
scm preferred 3o1< 30; Reading, 4e& q; Erie 13Xa
u; Michigan Central 4eA 5O Southern preferred Ask
n "a Panama, 1884 q; Illinois Central 6e,< 81; Ga
lena, oSA %; Rock Island, 591 "a; Pacac Mall 751
A56.
The buFiness Of the Sub Treasury was
hecepts $563,221 AZ
-Of which from customs ................. $4,000 90
--lf tvbr nm NJ lam o1cfn
4Ol,9Ob III
oahnce. Sol II2 o.
The exchanges at the Bank Clearing House this morn
jag s2s 49, and the balances 81 0as 4l0 o.
The following were the January earnings of the Gin
c.enaii, Hamilton and Dayton Railroad Company
"a uuaIy, .oe9 $40, GAG ~
bsorcasc 5046 81
Z. VI mely that within day or two the New Yorl,
3A liz Bank VIII DC established under the general State
aw - ia understood that the capital will he million
IN OF Nvh ch or nearly all s said 70 have boep
The prime ole Of the bank, its name indicates , h
he transac, ion of banking business on specie bas u
,ank will re, eive all kinds OF current funds On do
mt will hold IL deposits in bullion, subjec, TO the seo
isors check Twin ONLY lend it's capital And whereas
&her banks can al rd 10 keep Individual accounts without
barge by reason Of The profit which they derive from
oaning out the dop sits entrusted to their keeping the
ullion Bank will be c, mpeed as does not lend It's de-
osis 10 charge some hing for keeping each depostors
coount is understood that the maximum charge win
one tenth Of one per cpt the amount of business
one. Where that amount @ very large, 1t is expected