, 1862-07-13
FINANCIAL AND COMMERCIAL.
MONETARY.

EArunpAF EVENING, July u, 1861.
Next to the anxiety felt for the taking Of Rich
nond and the eaectua1 crushing out Of the ela7e"
holders wicked rebellion, the question whether |
Congress- will pass law to taz bank 1ssues, fs |
enxiouely discussed in al ve1ip1orned circles at
the West We have too vivid recollection OF q
recent stnmptail1 II crash not to dread "hst,
without such law, lie impending II Inc no alstant
future. Without it in the present anu prospeense
condition Of the country, financial ro1n and alsas
ter are cure to o7estake us. No Is" In nature Is
more certain to work cut Its legitimate results.
VIII Congress, therefore, act vigorously anu safe
the country from the untold evils thai are Luz
pending over us: The people should denano shae
d Law taxing the banks lightly at first and so IN
cressue that they would be forced to retire their
.ssues. snou1d be pas=cd before eCoDgzessadjouzna.
Need We point to the high premium OF gold; need
we allude to the insane expansion Of the banks IN
1885, causing the crash af 1873, or to the h1sto-
| r. of our etuuptail'' iEsues only little more
| ttan a year ago! Surely, anJ man who has par
| t5ele Of financial knowledge, must knoW that u1-
| less such law is passed before the new Treasury
notes find their way into circu1ation while at the
came time the deluge Of" bank rags rises apace,
fearful financial crash, TposEible more DISASTROUS
In ite effects than the annhila1ion Of our army be-
fore Richmond, must inevitably o6ertase t8.
| Again we ask in behalf Of the Northwest, will
! Congress pass q law taxing the bankaY We beseech
them TO do go at once
New York exchange is not quite so plenty to-
day; bnt come Of the leading houses still sell st
par The range is par and 20 Z for small parcel=.
The buyiDg price Is parG1s discount.
Gold is dropping. The buying range was 100
| u per cent; selling. 13014. Our dealers buy cau
tiouely Oh falling market.
; Tie brokers paid per cent. premium On oil
Treasury Notes and Il for new, selling them at II
New CornTEnF E11s.--The conntesfereEs seen
to be specla!y active The latest tLat has falle1
under our observation Ie fire dollar bill Oh tn
Mercantile Bank Of Plattsburgh n. 7. The onl
safety for all but experts is to refuse all Eve dol1a
t;lls on this bank The following is from au extt
s Of NcElroTsE Bank Note Reporter:
Fiyes. yicuette On lower center OF the bill trat
;. of cars, cattle IL creek drifting oval psrtTal
> On the lower left corner The engraving very ba
: aud general appearance very poor
= Aiso hycs on the Bank Of Chamher=har3h, T:
an old dfashioncd engraving square portrait !
Engraving coarsc-}ook ont for them. Refuse ais
81! I've dollar bills OF the Bank Of chanbersburgf
u | Penn.
e MnvArEEE.-The Statittz Of this mornin
8 | say:
is The supply Of currency on the market marx aMppea M
- to be fully equal to the present b1slness demand
y, yas neyer more easily obtained. Tie usual n
IL Of Interest is IL pcr cent but VIC do not dou
X that approyed PAPER las been negotiated st low
IN | Tu.rs. ;,
th same u heretofore noted The banks furnish CT
,r- rency for New York drafts 1T 'G.: DISCOUNT, .
in some instances to customers at par. I1e CT
- rent selling rate is Il pEemir~7
cy Cold was quoted lover yesterday, in conseq1ep
-. of the decline at New York. The 1aEe: were no
lg. inallr 12G.13 per cent premium buying. and
TO pcr cent selling. Scarcely ant, changes han'
bc ind d. alers are guided exclusively IN In tn
quotations ny the New = to5k a neHa1qn e1ann @ haS;
m. | the Wall street rites.
70 Treasury notes Of the old issue S7e IN de1na
al at per rent. premium and those VI -he NJ" Is
nj a. 4 premium.