New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1864-01-09

u /. = 30
- .o o.e -
the .ica year ending Stli. ~ ~, W. - -
thrs snow inc decrease viii Sic iatt ntesi -. ~
"a 49, although there rae a. lci - ia pHA''S ''i
it,I DURING ~ saffc period Df SUES.
Tie sccrr'ic, held IN trFt IN the bcpa'tment o.
tho close o. Tie 6scri year were; ,,. 49,, o.
For hans Ina s,sori ions ad i, ins. bsrser 81 ~ Nl
Pr ircu 5rffsd 49, ~
For truit pauies..........''' '''.'''''''''
40 OF
or the securities ,has Rod M banking assocf ions
md ffiyidgal b.nkcis .hero was o. ScN.lofk state
stock Sl3d33. lt0. OF tn'ed Si1tet si1k e .tr1'
ard ~ bonds ari MORTGAGES - ~" 20. ,nMpi"o
with che sae items ~ asi annual report me ie'u 'l
Il ' irs.s..s IN rri,,a ss.- ao,t....E e,1 Geo
n,r.'s'e - Ne,.yof 30 go. ..'''.'' 80 40
srl,pr~ due 70 h. fa,i tai lie lav "a fel zion
% secntes hs been 20 altered as 60 limit s"cni 70
stools alore snd - odt SIC dTo-t %. ~ OF irs o.
United States stock 70 oge-i'4id u Sew iots, "i.
United STAT. stocks arc 90 llT wih' Now "A Te ~
H. 90 20 prf cont premium. horifaro 'f.efi'ifs ar
re diy d'm.nislnF so amount. aha enc NL'Y ~ %
rSn rtsTt.rs n H. Llh.ry CRY 17-k the isrmcrs'
md M.nu'acturors' Bank Of Porsiioefsie aha no
HgllHad Bark. y. ircd Jan leit 600 l"',
main ht seven Incorporated hants % wfote charters
ei 1rt tw-ilc Mani aftl to'~ l'ant hib .'i-A ~ ~
Try hoek Coz witch nTc uniu4''d-eil ire Jhn. ~
Annual required ZIP 90 tie cNpiTau o. p AZ We
sG',iy Fund - tos.-o fnoont = IL, iuid on naf
nj IL q f.crl rear gl1G-e eUi e. 90 DDS teen re-
crircs -,c for lir fhir Co.rucrcn Ban ~ ~ hs-
b,e- fr,rs;cJ i1 Dr. y Peg cent stock .Itiitr q
o. Frrf-stocA iesa~'-aro tfi.N 81 IN lro1. e'I..
con in r-Dhthr TsThIt o. hlHnl ara II N-'f'ih -
Gravity whs stti De Zone vt' ii--i-e safety fu.n
tay f irr arco ce1sed in orord ~ means M f'u' ~
Sag ne nofcs Of sclsort bao.s % "Ao il vas lnlha
O. er not sn1 specie pay acris.
lfr Van lylk -sc.gf O. history - hs etof. % COM
flcl-vf- tor 10y thsr sfecie. The notes snnl
Z a. aar . AfnH H l
erse vts a-rrri before Co.tt q Ar. ear atd ga
QUO ~ 'lr rli tld 20 tofr1iito in alpf,i w.
Witty ~ % tender made ~ 80 iath.--t "a i'A
der I.s0.4ty ulfsa--Ir p'rf 20 o. i.'f biiA 70
Isftrruferd.rt wos Urged fo carry too cssf 20 the
United s'afea Cont bri decrcd On no GRAND thei
iis sc state ocer waa COZ ellaea py iue e'eilen
efffe hrrst state Count ana sso that ~ he opinion
lie ifcres's ofth. country dcmended trch ecsinn
\ rofolra revision - ffe tnr ifw - feco'rm0hiea
10 rIdeTto erproirsie 20 efnA..y " ne hei'. ,h
81 ta1rs" uansral coafon exits ff"Hitg 90. q. -At
e. .r It.rrs ar Gnrere.r or 1tlnnM fcf-i'Afa y n
state faxat.1l Tile eytcnt ~ . = ycl ntafiefn4Ad
ne g -crrc Court iu DE CITY Of New iosS lo' lc.d
hat t'td statas so.ks sued p.ilt 10 DO nei c' D.
81 'rf--v Rich errmr's "n stocks lords. oid piirf
securities ~ he mtef stltcs 'aie ioi eienpt SAGA
decision NAL 81 dlsf. iI'fl. Jon very nhcts 70 tN
farce Tho hnrls ind ntod States srcufiil's - an
amount fxetcding q s.f reTac captul ~ Order "
ergfe Che decision e. fhe SHpfcuc Court II tie tatel
ets'cs ili heii capiaiirvtsirn ~ United states seeu
rrcS exempt co 80 49, rs'ra iasl l'-r t' 'A 'Ae
bfrtE on valuation equal 90 tle n'n,nht 81 tlt c'g
ltsl" whether ellis at b. ,fid j. yet undetermined
Slis ire now in progress 1917 ~ afJ caif me stt.te
ia Ambiguous Qua rreas amendment. II g donbIn
vhcft.T Iraurhuce Compal.tf 4ro lit-Lcl IN ~ enc
Wheeler she mount q circulating notes ~ BANK d.
ain recognized NJ thc 'nsutt " ta1aion IL l. deemed
r.ttaa' re STATE should Love he fiflt 10 tax liu!
sf fie rf rrv fiflu be Sffc. ard re lfntlaion n
C.u.rcss j. criticised az uHwise aud inlurlou1 10 IS
further suggested that lie Rational banks tion" 10
mrdc 70 colrba.e tov Ard 10 expenses Of state ana
Tie man. features OF The National CurIency act ere
stated IN order maize at sci the subject Of on tID
crate cfti,m. The system u essentially thAt wien
has e1lsfed IA Ncw.York II IA objected ~ he net'ra
system 90 . rccctes undue encouTagfuent a. me out
st rId j. uf1rrd hy orl4e-slYt ingifniOn again Inc
State banks ~ confo tie latter - abandon ih'f Or
grnizati0us sud adopt tc lev" Iln LIST eieet 1 laI
system must 20 tie ilOrlinntr multiplication OF BANKS
y snail capita Throughout The cDrnifv' These are
not to be- established ior legitimate banking purposes
but ~ channels through which 10 national currency u
o. be supplied TO- tie commrnily. aud Geposiiorea ~
The ouic funds Iheir Influence must De g. post one
indefinitely the resumption u sPocle payments both b.
their cJea.onat tio when e,ll j. al Dp. cent pro-
mium-snd bV dst1tinG through tho cQuGiIy ne spe-
Gle reserve loofed Up Ia Tie wants of existing
banks.
Moreover, National currency 0; 500 Oo0 90 which
"a really Loan without iltciest ~ tue people, Ans
already been i'sood and y % poor economy 10 substitute
for That currtney an equal amount 81 Goveinnont bonds
pei cent and give 20 the banks instead OF to the
Government tho bcneni OF circulation equivalent ~
Interest ~ eisU9OOo per ennum.
The uniformity OF a, pearsneo In tho National notes
which has been claimed W IN esvahIage, viii oooason
been tried all abandoned both 30 kcN England all
ths State. II The noies Ell eouniefsited the
eyilelccts mus DC widespread Ia proper lion 10 the
number Of banks ssning similar notcs. Such conn.
telfc moreover nceds but slight alteration In order 10
adapt il t0oicr baJkgisom no. 20 No for instance.
Tho Wiuis concncy IL rkcly 20 be Initiated nom tlis
cause alone 10 sane cause vii produce great pIac
icfi Inconvenience In acrirp and counting tie notes.
Tho rrrr'atiDn ~ tie NatCun Banks slail be
known only by nurrorl' requires old lsttuiions 10 re
ronnoc the names under which they have ace ufoG rep
rta Son and which AFRO themselves az Intrinsic value.
l.fc s no oity IN law for this regulation section
of the Currency net evidently cOntemp plating that each
bank shall eeleci Its Owu memo
Il is unlikely tllt ihis currency istuei by banks
widely scattered. ctn be Kept everywhere st poI. AZ
niaht be possible whno Suspension oi specie payments
cOatuue. but when redemption IN coin III again adopt
-. oil uotcs must 10 sllyec. 10 the unaiiefabls
laws OF exchange. This objection may be o6' lated In
part by esGahishrg redemption ageuoies tt TIE ptnci-
sl ccutrrb Il business Otherwise uniformity In Taiue
OF the National currency VII never 10 attained Nor
lhOuA Washington be the focus Tor The btoiness l1ci
dent 10 furnishing currency iog the whole country De
nartments 81 Boston FOR Now. England. aud at New
York Albany for this State viii be found inuspen-
se for the dispats Of the business Of ticse bank
II nrred That I've utmost circuinspecon should be
exerestd In disturbing the interests nowconcen,red
in the existing BANKING institutions OF tne state
Measures which should force them 10 al unnatural con
traction would operate disasronEy on private Interests
ard would as surely impair the Government credit
Ranks and bankers would lie ess able 10 hold public AZ
ourities than now. The new banks reoeys lhrgesses
In the shBpspf Government loans and deposits Without
interest exemption from state and local taxation, the
gratuitous bestowal Of notes. with all Incidental ex
Ien,ss msds charge upo1 the public tvaarJI" waus