, 1861-04-18
MONETARY:

+ g fMON.hGIAZERt4.1 =: i II
+a y - wIDursn47:a7z.na, Apsniy, tsa.. ) /
II il almost Impossible to represent tha precise
iAtsznaaon rsikns fUn tvefT side, The 6arfdrcy
qpestioa,s exiting cohsldsrabie dlecaaslon and.
under the continued declihs 1t stocks it 6eESns to
b. fsafed hist we shAl soon haye nc money of sy
kind The colnti3 Mas lohR TinGe draihed 81 esinS]
and It Is plsln that il the ruling IL
Wall street are to be taken as the intrinsic value
Of stocks there is very little OF any Of our currency
worth oyer 30 cents. The Question abs6rbirg !
all others, therefore, 1T IL shall; the bankers
and the business puhlicxednca everything to an
actual specIn standard, varying the price Of The
bills Of eaeh bank every day, according to the fue
tuations Of the New York stock ba&ed; OF shall
tnose hot now in the reiecsedslsts tel;tng on the
ultimate and the intrtnee value Of their securities,
be continued az currency 6nd, u II 1857 and many
times shce pass from hand. to- hand as currency
In the payment Of debts and the transaction Of bu-
atiess. ,T5s-~-l2c.f:E. y.;: !:
our bankers hsYs, With almost entire unanlmity,
determined toi adopt and adhere to ths opposite
polly, tWoAre permitted to publish the following
circular sant BY one Of our leading houses, this af
ternoon, to itscorrespondehts: 81 ''1 7'@
*as = $ansss eas 6 FL asis na
eoantenanced bot oniy b5 lie leading 'Banas % and and
Bankers OF this city but a1soby majority of the
business p copmn1nty, and the entire Publis presa.
amount CURRENCY, now In circulation, is hardly
adequate to the wants Of commerce TINT the pres
ent decline in State stocka Is Temporary only, and
does not affect intrinsic Eans that It Is uu-
Just to make 80 marked a discrimination In favor
q Notshern stocks, as;they mqst in case Of gen
era war, which seems inevitable, share the fate Of
afr V1uJr
finally that the effect 81 diecfeditine any more H
Banks woRld be disastrous to the commerce not
only Of our eity b5t Of our State at large.
thIown 9Hs,9 ont By the Marine Bank HOFFMAN, :
&co. 3; T: Tinkham 3 Co., Aiken 4 Norton, Iii,
nois Savings Institution, and sothera. All other
Illinois Banks are taken at par as currency.
American Exchange Bank.
:9& i !1fea;: Aasors:: !: /: ::'*, !: -: =: I
/" San@onwsa,tb. Goan5; szzz =. i
y Pike County. =. - -
.' raleigh. a.. g
:. southern Illinois, Bolton
-. a., Federal Union, Rock Island.
Eanaa Ea51ids1s sanf; RaaR aeebes:: !. 4; Z. <
@tsens GGnmsIcisi Rank k,afFs M9gRt e3E%s1 sy5a:
NuuIluEulhl 11auK+ IEA1IQT1lE4:. -
Corn Exchange Bank.
EsE5sSs tss1 saa T1sdstz Rss Bank, chaslsstou.
Farmers Bank, Metropolis. : =
Farmers, Bank, Canton. 80, -.
Frontier Bank. Benton. =
Grand Prairie Bank, Urbaha. - 81 !
f. Illinois State Bank, New Haren.
Merchants and Drovers Bank, Joliet.
l. Mississippi River Bank, Oxford. 49, -..>
Morgan County Bank, JacksonSille. :
| National Bank.
| New Market Bank.
| Prairie State Bank, ,!W WashtDgton -
shawanees Bank, Elizabethtown. .n
| State Bank OF Illinois.
Union County Bank, Joneebofo'. -
- Oar euHency is bad enough in ali conscience.
We protested against its increase loud and long,
and told the people that the crash must come. No
one can regret more than we do that our warnings
and fears are more than. realized. Illinois and
Wisconsin are in bad dx, most decidedly, and it
IL the part OF wise men to get ont Of as best we
can. The two States, sk months ago, had seven-
teen millions Of currency ahoat By the pruning 1t
has received, 1t has beer ttduced below eight mil
lions. OF thIa- u1lnois has about fix If the pol
tcy:jeatcated by the above circular Is firmly ad-
nered to BY the bankers and the btEiress public
| 1t is believed the people can be eayed from any
Considerable loss On or present currency. If ey-
etyhody gets frightened and destructive COURSE
IL pursued, no one can foresee what the end Is
! to be. @ 49,
| Ths,s v.. a ,>.s
noon than usuaI at the stock exchange Office, Sal
tonstall, & Co., No. a Clark street Tennesscex
| dee1fntd from e. to 6734{ between the boards,
Miesouris were steadyat 80, and virginias went
from so down to 47h, Liter dispatches reDorted
that 40 cents were offered for Virginias, and 45
asked. Tennessees sold at 81 and Missouris at
4s7S' 90 tne tumble goes on, and where it is to
slop nopooy can guess. Under it the brokers
bought uncurrent Illinois and Wisconsin at 40
1t has declined 10 certs per day for the last
three days. It must find landing place at nothing
In q very few days more.
Exchange was firm o-aay at 10 per cent: premi-
um selling, and e@9K bay1Eg. Under the conitn:
sel1tpg IT. - ner cant hnr1a " y, 'aas o. oold
nn-o;fss,s ,;ah+ ~ sn1,,o ,i4 ~ oep1ano COM
5irw YnRT taI. ~. s,i,o.;.
| ...,.-.-s...H - n~ ~. e Aono"ieg ilon tae