, 1865-02-20

Hero the mdrkat ruled dull with sales at the
morning session Of the stode0oard at e04fDsp,
and in the afternoon session At 204}0so41- On
thd street the market opened quiet at 200, and ad
was nominal at 1s0@192.
Government Bonds were steady and trn, With q
fair demand F1re-TwentJ bonds were dsm at
110} buying and I'LL selling. Ten-Forty bonds
were arm at l02} buying and 10et selling.
There was much ffmer feeling In County Scrip
to-day, with good demand at s4@s4}. On the
Stock Board, the saIes at the morning session
were at Eange Of 8a0s4f and In the afternoon ut
Sill. 1t Is proper here to call attention to the bills
passed at the recent session Of the Illinois Legis-
lature, authorizing and lega1zng the issue OF this
scrip- They will be found In another column
This should tend greatly to strengthen the market
as 1t places the legality Of the 1ssue beyond all
question.
We notice also in Connection with these bills
concerning Cook County scrip, That this Illinois
Legislature has maintained ils reputation for lar
ceDy, rasca1lty and corruption clear up to the last
day Of the session. The Supervisors prepared the
Bills md sent them down to Springfield, bct be-.
fore they got through section Was added, by
which {2o 900 Is to be stoIen out Of the fund Of
the county. It remains to be seen whether the
people will tame1y submit to this additional ont.
rage.
The efforts which Petroleum Companies are
making in this city to induce the ignorant and uu-
initiated to subscribe to their stock, forces Us
again to warn our readers and the public against
investing in them, unless they f7iow them to be
genuine on Companies, and not merely the OWL
OF small tracta Of land in Pennsylvania Ohio,
OF somewhere else, which have never yielded
drop Of petroleum aud probably never will. We
regret to find the names Of some Of our most re-
spectnble citizens hawked about the streets Is
n@A HF ~
ny, the agents Of which use this as m argument
in favor Of the reliability Of their schemes, and
thereby induce the ignorant to rob their. families
OF their means By investing 1t with the hope Of
making fortune suddenly. It wong for men
OF capital to lend their nauca and influence for
any such purpose. Hthey are willing to risk the
chance Of loslng fsw hundred dollars, ne pre-
sume they do go with the full knowledge that they
can afford to throw that much AWAY; but when a
| man OF moderate means Is approached by one ol
these agents, and finds that some Of o1r shrewdest
merchants and bankers are subscribers, they
look upon this as an Endorsement
Of the Company, and not having time or
opportunity to investigate the matter, they
take 1t tor granted that it genuine accompany,
engaged in the business Of pumping petroleum
out Of the land they own, and selling it, and ac-
cord{Dg1y subscribe to the stock. An agent goes
to Mr. A, u wealthy, ahrewd business man, aud he
induces him, through friendship perhaps, to allow
him to place hls name on the list for hun1esd
shares. Mr. is then approached BY the agent,
who replies to the inquiry " Is the company re 1u-
inc: why, do you suppose shrewd man like
HI. A would subscribe, II he did not knoso 1t was
all rfght2" And 50 on It goea-the agent using
tho names OF both Mr.. 4 and Mr.. to influence
Mr. to subscribe. THIS Ii the way 1t is done
and though Mr. a may have been Innocent Of any
{rfAn ffnr frF$f $fa ,nkf bah hnn1
name and influence to project which Is likely to
prove fraud and swindle on all who subscribe.
1t IL we'll known that there but few Of the COM
panies on the market with stock that are worth
anything and 1hat'o the most valuable Is not Of
fercd for s&e. Two-thirds of them arc bogus,
and their stock, which is selling at S20o@5.O0
per share, is not really worth the thousandth part
of mill.
The Winnebago National Bank, OF Rockford.
Ills. has inst been organized. with capitll Of
$1G0,W0. T. D. Robertson is President; s. Rising,
cashier, and Messrs. Robertson, Starr, ". A.
Knowlton, Ii. Bartlett, and 8. NJ. Church, Direct
o1s.
- The following statement shows The average
condition OF the banks<of Massachusetts, out Of
Boston, for FIVE weeks, ending 4: Capital
stoek, $1o 81. 500; loans and discounts 81 69O-
7as specie in bank, $so9, ,t24; balance In otler
banks, payable on demand, 4:,Too,s82; total
amount dse from other banks, s4,Gso, ,143; total
amonnt due to other banks, s519, 1856; deposits.
1913 ,961i circulation, $1o,s1e, s2e.
The amount Of deposits in tho Savings Banks
Of Rhode Island foot up $t2, SIT, ,097.8t. aud the
number Of deposiiors $M,752.
The loan markets OF Europe are abundantly
supplied with capital at low rates. The only ex-
cepion Is that Of SPAN, where the Government
had Issued forced loan Of 81, ,000, 900. The fol.
lowing are the quotations in the leading cities: