, 1862-01-24
FINANCIAL. AND COMMERCIAL,


flNAnIlaL AND CVMMEkCI3Ls
n1ONETARX-
THURSDAY EVENING, Jan. f3 1862.
Formany months past large amount has bern
due from the Government to citizens, but pro.
batly for the reason that Eastern crcdItore were
nearer to Washington and were more persistent in
pressing their c1aims, money could not be had to
!ay The people Of the West. Yesterday dispatch
syas received BY the Union Defence Committee
asking IT they AID the other Chicago creditors
would accept 7 $40 bonds in payment Of their
tlaimas The offer was promptly accepted, aud
well informed persons estimate the amount Of
slarc bonds that will soon be paid out here, at
nearly half million of dollars. The claim Of the
Union Defence Committee ne understand to be
Sea3: :054.67. The question is pertinent what Will
be done with these bonds: Ncglccting the interest
for time at least wond it not be better for crcdi
tors TO take them in payment Of debss resl estate
owners for property dealers far az they can use
them for goods Of all kinds, than to send them off
to New York to gorge the money EharkE Of Wall
street : We hive already heard many men say
they will SO use and take them, and it is to be
hoped the policy will be generally adopted
The banks arc still doing very little. In TACT
there is very little to be done yet except in the
Pork trade Business in other departments con-
t1nuce intensely dull.
New York exchange is firmcr, but as yet We have
10 change in rates to notice. The larger banks
take 1t from customers at par and sell 4 Of per
cent premium. 1t may be that the smaller bauks
have paid Il.
Gold is also firm. Though no advance has been
realized to-day, should it remain at present figures
in New York rise il inevitable. The buying
price for tie day was 159G2 per cent. premium;
ceiling, 211s@2E-
| STATE BANK or 1owA.--Ihe following are the
footings Of the consolidated statement Of the from
teen branches Of the State Bank OF Iowa, Monday,
Jan. 6, 1sG2:-Assets: Safety fund. $2l9, 9,723.74;
specie, $125, ,443S0; current notea Of other banks,
$ze1, $40; current funds due from banks and bank
err, 1854 49, loans and discounts, 81 094 30
| other items 1921, ,714T5.
Liabilities: Capital, $7so,so0: circulation, ST.
s21 45a; due other banks and bankers, s47 s76.os;
depositozs $500 ,3s7.t7; other Items, S10s 4a22s.
| AMERICAN SECURITIES IN ECRoPE.-In relation
to american securities. Messra. Barring Bros. &
Co., remark:
American stocks have nam1nally recovered a lit
tic from their depression, although VIC have ac-
tual bnsincEs to quote except IN United States 5s,
which have been sold at g. and at this rate there
dicative Of actual business. Massachusetts S.,
sterling, $3.50; Maryland do about %, * diy !:
PennEy7ania n Central % ss6 NV % YorF e Seatrai as
Ts. IS: New York and Erie Is third mortgage, lax;
Illinois central q: Michigan Central Ii179: Can-
ada 5s. eS dly. 9tB9tE; Nova Scotia 6s. lo51196;
New Brunswick do, le31105.
E.F. satterthwaite says:
We have had most active market for American
Securities since our last both the amount Of bust
~ ~ so5nt;on af *, - t T9; pa9f
appear more and more probable. The amount o.
nast 1he nnoations It the c,nae heinz eScasding i
F. st}rone e ntsa statea a. ea ner cent honJs hag
touched w ana LIMOS pr ee4t LIDO nonas " Ihs
HATS WIFI r,ose y. ;sconnT M aoonat 81 81 ;aenan
o. Ills Jay week. besides With Ehe Price M % now !:
nai1 ~ a. 81 nep deiIar ~ Fp,ea ~ ~ =
co. pa!u d. - % pe' oolai- G34es stfslls III -,
The London Times Of the 4th inEt. thus notice:
. f,o1aa;o, 5oecr3nt;one ;norrorod. cro,t u-cs+or,
If Canoda tn StM1o,; ad Grand Trnnr a. =
Hsda Wv, =, s1ogfa and ictor. r.
osa ast iaba anI "
show further fecorerT. illinois Central csneciaI
closing at si1]a4l discount. and Eric At aSaaS.
| r1E pHnpnsrn Rs.KR1pr law =, -1~''
fon1,5t+ae nn,-;,1, th;a s1a,ac+ n .ho,,~, ~
Trained, during The recess, from preparing Bank
rupt BILL for the reasoE that the conflicting inter
esfs o. the country YOU'D Pc nkety 70 dlsseFe
ana 1estfoy II oeIote II eoulo SsL ialr neaf1n o.
inc aoor o1 ne hoQse, seeonqs. iae commute
estsWerc preparing statements anu memorials an
: outlines Of bllls expressive Of t9eir respecnr
H. Il ii he W
. this and their own researches the best and safes
|. yised. ' p'' '~s, ~'@ se.''@ - - -
; plated is@9 Soseoc eonEii1g d xew Yosk:
!. bankrupt law. which recently passed in ParlIs
y mcnt and went into operation on the-4th Of Octt
: Der last and also the report Of her Aa;esty
= nissioners in connection with the bill This r
D. | port is work Of hTc OF the ab1est 1arttsters
;. England; is, quarto volume Of many huudrc
!: presents the whole subject, with gseat researc
l. fur toward perfection. is too cumbroI
M b % The Feaera udieal and III The FedsIa jnie
an sma ana to az at at s
:. Britain The labors Of the committee showed tht
: determined to report a bill and to make Ia
D. which may eafe1y stand permanently In the stat
!: of The country, and which. to that end. shall pr
vide cquitab]s for the debtor and creditor by COZ
y pnlsory as well as voluntary clauscs.-Seec 1U
L. np,x,o, ~, !. orn F,1,sc7vR -,5ohn 7bom
son in his last Bouk yote Re,prt,r discusses 6pa
e cia1 matters as follows:
h Secretary Chase and tho Financial Comm;tte
i, of Conersss are biocSaaed by a new set Of ma
n nr,.c1ons t;n;e IN IN ii:tennr to more schc1nr
Sd There i but ono way now, since the snspcnsis
g meet the wants a Of + the GogeFnment; ana t,
9,haso a. H. nine+ ho moda M tha STSvn4 TN 3nrrnD
~ ~ eoan4rE Tha nririiagc - fnnd tf;s =,
~ ~ ~ 49, = 81, -aae et1, Ienyie ~ ~ a6 ~
pcr cent. stock. viii prevent it, becoming sup
Is as abundant for 6y the time one hundred nlions
a ~ ucus - Fatu ~ ~ 3+ - "a hnJ
.c o!,es M n ~, so;5 ~ y ~ ~" Aeo ts po'o "
~. Onr banks pretend that they cannot take 6,
ID | h.nl-s cennot n'oEe nonay m snch Innosits ,
n y: less they discount on them OF fund them. but
~ tE =, 10 7iI fHd ~ i 81 snac;ei ~
nj shin for them to hold tie currency without int
est while It remains with them. 70 take fr