, 1865-09-27

Increase ga GA 45H
The Cincinnati GG.et.e Of ycstctdaT reports the
liabilities Of h. Ellis Jr.. Co. al <2ss 9li "a aud
The aasets at only S14,sl8e8. It ssJH: 1.-THE cred
itors, we prcsnme. will reslf1e about per cent"
Cincinnati is famed for wholesale failures, and ttts
keeping up liz reputation In that respect.
"A Convention Of nineteen National Banks O
Vermont was held in Burlington. VI, abont ten
days sncc at which the following resolution were
pussedd:
Rt4oloeI, That the buptncsa Of the State requtsea
M Increase Of bank cspital which shal1 secure i'd
Itioual circulation, and that onr representation In
Go Bea st
Rttolenf, Tint tie legislature Of this State arc
respectfully memoriahzcd to psts 1aH. BY which
a2 eae osssse aS:es ~hoae eha'tess haze erpiPea
become dissolved by law. Rhall be required within
eonc reasonable time TO present sueh bills for
demptton, or be deprived ofanS Legal remedy to
}. R<.elftd, nat while we cordially. approve the
provision OF the National Currency Act which re-
BILLS some National Bank In ono Of ceftain emu
merated cities, and will IN good fath. sustain the
tane-.we arc opposed to md will nnitedly resist
to compel III to redeem In ans other mauncr 10
such cities, and thereby become tributary to such
Re,o{ct1; Thst the proceedings Of this Cou7en,
hon be published in circular FORM md attested by
signatures iof the Presfdent and Secretary, and
copy fnrutahed each bank In New York and Boston,
nom this State, and 10 the newspaper press 81 he
State.
Reso{rtd, That a committee of three he appoint
ed TO call meeting ot National Dduka Of this State
at such time and place rs they mny deem proper.
The first ol tho above resolutions proposes an
amendment 10 the National Banking Act, which
will have the effect of Increasing The volume Of pa
per money circulation. To this We decidedly object.
There Is too much paper money afloat now, and
instead Of increasing It. the public tntcrctts demand
that 1t shall be decreased. We trett Congress will
refuse to allow single dollar more Of paper cur
rcncy to be Issued thar The present 1aw Allows It'll
gold has fallen to par. The very fact TINT gold is
now 143 or; thereabouts, Is \ conclusive argument
that the money market Is already inflated with
paper. I,
-ln Milwaukee there IL a light demand for dis
counts at 10 per cent. per aunum. Eastern e1-
change II steady at 3t@A discount buying, aud
par to v prem. ceiling.
In New, Orleans % Tic 17.h Inst, New York
exchange Was sold at COX discount. Foreign
exchange was active at 1ti111bs
NOTES Of the Bank Of Louisiana were cold IN
New Orleans on the 17th at ISL; Loufsisna State
Dauk at SIC co, and Crescent CITY at 7s9ss--
in st. Louis money Is easy. New York cr-
change Was easy at par buying and LILO prem. scii-
ing.
Tho following circular has been Issued by the
Secretary Of The Treasury, ordering the Withdrawal
from circulation Of the <1oo compound Interest
notes:
'TREAsrnF DsrAn1xEsr, Sept. sl
1.-THE INSTRUCTIONS coutained In circular Of this
Department, dated Sept. 49, relative TO conuterIelt
Que hundred dollar compound intereat potas, IL
ns1ts 5s9s si'n NJ ~ sa 4 soa DE-
noteF, nor other denominations OF compound inter
ett notes bearing date Of May Is 1867 Or PRIOR to
f P nes nsa
cDmcnt funds, and were not designed to direct The
action Ct banks q Individuals telatlye to such COM
pound interest notes held on their own aeconnt.
The difficulty and expense Of at once Withdrawing
| from circulation or exchanging for. other
notes all compound interest notes Of the characte.
described nov ID circulation make The attempt u.-
.1sw from circulation the x100 compound interest
notes ~ fat a. they may be received In the ordina-
r eon1sc OF business and reissue more Of the same
impression; and It il hoped that By due eare and
caatfon after the immediate exposure Of the dan
cerous character Of the countercits any consider
able circulation ofthem may be preyentea. AsEfs.
therefore forward to the Treasurer Of the United
States auch compound interest notes as arc Of The
denomination Of e1o0 and all compound interest
10, The sanne being held as find. Of the GoTcrn.
[stgned,l 4. McCuI1oeu,
sec'y OF the Tseasnry.
The New Orleans Dend states that the old Med
can merch uts are fast reopening their houses, and
preparing to renew theft trade with thi. country.
in New To1k commercial paper Ia freely taker
| at e497 for very prime, up to 8 for good stns1e
names. Wequote:
Per cent. per annrm
Loans On call, stock eecutities. 06
Do. bond md mortguse....-....8 a
Prime endorsed bills, 60 days.............7 O.
Do do 14months... ....7 @ 9
G1Ess ssass F4STie 4,ii NAMES s
Ouft Eppd Oils. GH1Q
Thorough and moat rigid investigation ia Be
Ing made BY Secretary McCulloch into The rnystess
OF the 500 compound-fnic1est noaes. This fs, IN
doubtedfyt the most dangerous counterfeit which
has yet appeared, and may we1l challenge he &C.
verest scrutiny OF the bank note companies and ali
who haye been employed In any wise upon the Cor
etnuent dies and plates. The face Of Ibis note Ia
most accusste imitation Of the genuine, while the
back ID either the genuine Government plate ios au
e1ectrotyps nom It. 1t seems kettled that eithe,
the Original pates engraved BY the American Bank
Note Company have been allowed to gst into In
proper hands, Or this fac staaile wm obtained By
the e1ectrotJpt prucesA.
IN Boston the money market is closer, but By
no neans stringent. In discounts Of drst-clafa
notes there Ia more doing, md choice names arr
negotiated at teEer, while others which ara quite
sure to be promptly paid, arc passed at eight and
| -On Stockz vere sold In PHILADELPHIA On ths
/ 18th, - follows: st. Nicholas, /; Maple Shade
elnteeE. IL; Excelsior. 4; oil cresE nd Gher!s
Run. l; Cot9pisntez. IL; Sugar Greek, ~ HI
Dorado, s:; Mhgo, LIS; Junction, ~:
| "A despatch from Quebec reads IS tol1owE:
The John Bright OH Company, with nomtna
capital Of s75o QUO and paid Up c.pltsl Of