, 1864-01-01
FINANCIAL AND COMMERCIAL

TuuEsDAY EVENING, Dec q, 1858.
The scyercst en0w storm Of tho scasnu has to-
day swept over tho city ard the entire Northwest.
But notes and acceptances fall due In all weathers
and those OF the lrst and fourth PROF.. must bo
paid, storm or no Storm, The pressure Of custom
crs at the b:nks today seems to indicate that no
efforts are spared By cur business men to do 1t.
Payments and rcmittances OF couree have been
very heavy. The rate Of dieconnt as usual Is 10
per cent. to customers and they only Gun obtain IT,
rors at the regular banks.
New York Exchange has been very cloge during
the day with heavy demand. Tho buying psice Is
firm at e, and sometimes fraction above is paid
The selling rnte to customers Is r. Outsiders
may be thankful If they obtain supply at zzG176.
The prices OF geld In Wall street were reported
as follows: at $40 Il. H.. 152-11, 15sA-12 m.
t51I. There was no second board. The range
here was 150G)151, usually about 161H. The storm
checked transactions and business was dull
Silver 14e61A. Legal Tender Notes easier, but
rates are etill 4 buying and H@4 selling. Large
lois fraction lower,
Tho past year has been enc Of unusual prosperi-
tt. Money! for most Of the year has been very
abundant ald business sctiye and highly rcmuner-
atlvc. Many old and oppressive obligations have
been wiped oat; and manT who commenced tho
gear III comparative poverty now have handsome
competence. The feature in our money market
hes been the uniformly~|ow rates Of New
York exchange. The price Ias never exceeded x
per cent. premium, and then only for short time,
The usrel figures hare been h1A, and several
times It went down to par and even fraction be-
low. The citizens OF Chicago md OF the entire
Northwest lave enjoyed very large mcasurc Of
prosperity, for which they have abundant reason
to be thankful.
RurTrE, ESDIcorT & Co.-3Tessrs. Ruttcr, E.
dicott i Co., Bankers, will remove to-day to No.
e Lasal1e street. to the room heretofore occupied
by the First National Bank, where they will be
happy to sce their friends and customers On satur-
day morning.
L FIRST NATIONAL BAEK.-The First National
Bark Will be removed to the rooms formerly occu-
pied BY Rutter, Edieo.t & Co., at tho southwest
corner Of Clark and Lake streets, where their eus
tomeze md friends will hereafter find them.
NATIONAL BANK CURRENCY.
CHICAGO, Dec. 20, 1868.
Editors Chicago Tribune:
DEAR SIR: VIII The Issues of the new Nationa
Eenks be legal-tcnder, the same rs our Green
backs: Very respectfully yours IT, y nr.azz,
RxrL1-The National Bank currency is not To-
gal tender "as are Greenbacke." Dat according
TO Sec. s0 Of the Law under which they iss1ed,
they slall be received at par In all parts Of The
United States, in payment Of taxcs, exciscs, puo~
lie lands, and all other dues to tho United States
except for duties and imports and a1so, for all
ealariee and other debts and demands owing By
the United States to individuals, corporations aud
associations within tho United States, except In
tercst on the public debit Being secured By the
bonds of the United States, and hence by the en-
tire property Of the nation, and being receivable
by the Government for III dues, except duties, the
notes OF these banks, with Grcenbaeks, will soon
form nearly the entiro circulating medium Of tho
Country.
LIFE IksUEAEcE.-I In another column we print
an advertisement Of tho Equitable Life Assurance
Society, of No. o. Broadway, New York. Among
the many enterprises to which public attention IL
NOW directed, NOM deserves more earnest thought,
than tho beneacent system Of Life Insurance, and
none ehould receive more hearty response than
this. The Equitable Society stands in cnviab!e
financial position, having, though only In Its fourth
year, already accumulated fund ot half million
dollars, and built up business greater than that
| Of any cash company In this county, eaye one.
The policies issred during the past year number
LEES, and the receipts reach 1earlY $sIAn an,
We congratulate the officers and members of thu
Equitable, On the vigorous growth Of their corpo-
| ration.
FtEsT NATIONAL BANK Or 81. pAuL.--Wc take
pleasure in announcing tho organization Of the
s.Firet National Bank Of st. Paul." with capital
OF two hundred and fifty thousand dollars, One
half Of this cspital has been psid up and tho re-
! uainler will DO within tho next sixty days. Tho
Aessrs. Thompson and Burbank, Of st. Paul. and