, 1861-04-04

WEDNESDAY, EVENING. .4$in 5, 1861.
Exchange continues duh decidedly. With the
large amount Of currency now d1scredtted 1t cAn-
not be oaaipsatned At present rates.. Tbs selling
price was peg cent premium, but best cuhtcpae1s
could reaaI1y Obtain CONCESSIONS Of u ana perhaps
esea more on round 1ots. The buying prtce wAs
3 2 cent The Large aaazg.n ehows decidedly
weak market. Gam nousinally the same as az
ehange.
The mhkct Is still abundantly supplied. Relisblos
npRtneaA pape9 Is not only scarce but there IL H.
most hone Of 1t offering.
TEE MERCHANTS 'Assoc14r1oN.-1tw viii be recnl-
lected that ba1k with the a5oTs title. to- bc 10
Gated In this city, was chartezed at the last meet-
1ts Of the Legislature. The capital is one million
dollars with power to increase it to oe millions.
It has fuu banking powers. with the exception Of
the privilege to issue bills. The corporators ase
C. Z. Harmon, J. c. Walter, VIM Rlatt, J. Z.
BotsEosd4 Thos. Clutch, e. s. Wadswor1h. II.
Lahin, George Armour, Geo. Steel, Thos. II. Reebe,
Il. N. Hough. n. futile, Ed Hampstead, r. D.
Gray, Ell Batea, c. Briggs, Il. g. Powers, J.. v.
Clark, c, c. Parks, ]. H. Reed, C. G. Wicker,
Gao c. Cook. Jos. r. Ryerson. {. e. Mccormick
eaad S. \. Smith. The ntmea Of the co1posators
RE Suasantea thRt the bank will be started with
sac,nal capital and that it viii BE conducted on
sound financial principles. Over 500 ,0oo Of the
stock has already been subscribed and 10 q cent
ass been paid in. Thirty = cent mora is to be
7aid Oh tho 18th Of April. The institution will
ba organized when $1o0, 600 IN cash has been paid
n This viii require 20 42cent on $3.50 0oo. and it
is now qnt1e certain that the cash will be ready BY
the first Of May. We have heard gentlemen Of the
highest standing spoken Of officers Of the bank.
It will prove most valuable addition to the busi-
ness facilities Of the city
The MERCHANTS CeoK @Hx RE5Ecrkp.-At
xncetiug Of the Mercantile Association held On
Tuesday evening, I'd inst, the following resolu-
: Ho1s were adopted:
=. Whereost 1T has become certain that public seu-
timent t. hostile to our present Rvetem OF bank
ing ttxt our mercantile men have been compelled
e. g rejst part Of the currency In selfdefenee;
Reso1Ee9, That the recent action OF our city
bankers in throwing out deprecated currency
meets cur hear1y approval first, because the par
tes iss1ng it hare violated their p1ghted !sith to
1efne to grant relief in euch cases, deem It but
an act Of justice 70 the public for those who handle
and control the financial interest OF the city to
take the responsibility upon themselves
Resolved, That we will by every means In our
power sustain any and all banking inet3tuttens
aeh FILL dscredt all currency that is not prompt
y redeemed at It's counter In coin or u per cent
Rsso;ced, That ii banking houses which sustain
2awfa1 or unlawful, are unworthy Of the confidence
and sup ort oi mercantile men, and should be sub
1ect to he censure OF every man who desires our
Rx.S,gSd d: TIT the ety pspsrs b to
W G. THOMPSON, Secy. ="
The PAxEr B4EK-The Pamet Bank has made
good its securities. and was taken yesterday as
other currency. Several others are expected to
do the same within very few days. =