, 1861-11-26

IHoEAB RU1ck, anu
". II. HERsDox,
Bank Commissioners.
W1scoNsM BAnKs.-We take the following In
relation to the Wisconsin Banks from the Nennah
1fanyjdctursr:
At the late election. the amendments to our
BANKING Lag were ear1ied with hndly dissent
Ing vote. AS come Of Its provisions for redemp-
ttor are supposed to be very stringent, feeling
has at olce sprung up IN the public mind that
come Of the banks may not be able to comply. In
case of their fau1e to dc So their securities will
be eold and their bills redeemed by the Comp
troller at whatever rate may be Eealizsd BY the
sale simnltaneonsly Eith this impression re- comes
Of eastern shipmenss, consequent upon the close
Of navigation, and the large amount Of time drafts
In the hands Of the banks, and not yet matured.
been for several weess. The timid as well tha
interruptions part Of the community at once be-
gan to whisper that the whole eyetem Of our cur
rercy waF untound aud Wou1d inevitably break to
piecea. So far has this distrust prevailed, that
eoLysn'ion Of the bankers Of this State was held
discussed in all Its bearings, aud provision msde
tc meet every contingency that might possibly
'i Il tS d}ina.a 51 spd P tSs n sss
tee, ard resolutions adopted As to the course
10 be pursued with euch banks, if any, as are nm
to a~ ank neeects to tss co
mittee II to proceed as fast is possible and lsw-
ful to retire the delinquent circulation and wind
rot realize enough to take up The bills at par 1he
deficiency is to be made up fcm the fund thus pro-
Fided. This is the prominent feature Of the plan.
the detsile Of which have been carefully elabora.
tsd and laid down for the guidance OF the Commit
tee, and it appeazs to be fully adequate for every
eenergeE q t6as can possibly arize. An e1,4:a
tiGn Of the oo1nptrul1er's last report should BE-
enough fo convince eysJ man thst there Is no real
caanstr- onr State currency is now onethirdlees
thar It Tas year ago, and The quality Of the Sc
curfttts has been Incidentally improved With
some few and uDimportart exceptions, Southern
stocks have nearly disappeared Those still IN tho
eveptthey would fnliy redeem the currency seca.
Etd by them. Omitttng the three banks already
tpotftd. Ee hare now seventy current banks in the
srate. Their united circulation is exactly g. 49,
million Of Wisconsin honda among the securities,
the balance being maiuly United States, Illinois,
Michigan a1d tuch like stocks. There can be no
reaeon for at, thing like panic with such state
Ct matters.
TIE NAr1osA1 LoAH AID TIE New foak
BAsks.-The following is f1om.ssmuel Hatest &
Co.'S. last American ci1culxr: ..-.
The banks are likely to be well rewarded for
ttei. patriotism and pluck in assuming. at o1e of
the aAtkett periods in the history OF the febe1iion
pc responsibility Of suppylng Eovetqment l WIN
re means 1T Il + f They nase =
yexrs loan at price that vii produce seven per
cent, ~hlch is about 81 So The average prlcs OF
government 6s from 1ei9 to 1850 we're at !esst as
Plea ae H. Or "a 50 above what tas oankS ohs M
1es are that for The next twelve years, re rates
aot Doley will rate lower than for the past X u
comparatively ehort time this very loan VIII SCI!
per ce1t The eecu1fs7es Of ali stable gove
command higher prices than any othsr. ior she
very good reason that the gTeater lne!uaee the
lets The sEereeate must b. stronge. 1naa tae IN.
diF1daaL Below We give the h1Ehsst quotataoas
lQf QE1L{G St6tek IA from 1872 10 1SGHs