, 1865-03-14
ES.0S7.4,


The N. Y. IndtEendtnt Of 1aas week has an
ssucle recommending the establishment OF IS Tri-
buHafs Of Commerce" ia the eeveru1 large cities
Of the United States for more speedy settlement
Of disputes among merchants than can be had IN
the courts. The editor Of the Independent is hot
posted. There is scarcely Chamber OF Com
nerce, Board OF Trade, or Stock Board In the
country but have regularly organized Courts Of
Arbitration. In this city the Board Of Trade has
Court Of Arbitration and Court Of Appeals, and
judgment found there Is as bindiu. as il render
ed In the Circuit Court.
-Twcn'y-stx new petroleum companies we're
Get in mouon last HGek, IN New York, with
e,T4ooe0 etares, and an aggregate cnpital Of Sla-
S2lIC0. The question naturally arises, how many
Of these twenty Elk companies are genuine!
Tho Kentucky Legislature has passed an cna-
bling act, so o. TO PRINT The State Banks to
change to Na1oDa1 Banks.
In Cincinnati money is still stringent. Ell
change IS easicr-buying st se07 md selling at
1-l0 prem. :.
In Montreal business Is very dull, and sterl-
ing exchange Is weak at si010 per cent. On the
street sales are pressed at s@85 per cent, Tho
Herald reports " "Grcenhacks scarce, none offer.
1ng."
The London EconomiSt, OF February Is, has
the following comments On monetary atfaIrs:
Tie money market this week has again been
easy, anh some expectation prevailed q j rclae-
BY, 10 large withdrawal Of enld for Spain, and
the possibility that further Eums Will be takeu,
the conrt determined upon making no change. In
discount at41 to ~ per cent, and Tor Ion. bills
the terme are decidedly lower. At tho Bank the
applications II have been very moderate: Thc fol-
with various periods to run:
" to " per cent
5montne. per cent
6months-Bank biiis. per cent .
6months-Trade ditto. per cent.
-Adyices from Frankfort mention that the
Bourse In that city had become tho emporium for
the business in American bonds, and that orders
arc pouring in from all parts that the dealings
are increasing in the scale every week. The peace
rumors scn. the price up to 58, more than seven
per cent above New York quotations, while the
faiure Of the negotiations was 80 far counteracted
by numerous orders from Berlin, Vienna, and
Southern Germany, that after a fail to e2f there
was N immediate recovery to SIT. The desire to
obtain our bonds is 10 great there, that the best
securities Of other kinda arc parted with to en-
Bile Investments to bc made in them.
The adyices By the Cuba, both from England
and the Continent, are TO the purport that the
circle OF huycrs Of American $40 bonds Is being
wtdened' the demand coming from all parts Of
Germany, Switzerland and Holl1nd, and to a
growing extent from England and France. The
London 1a1tes feels sore about It
The adoption Of the Legal Tender basis by the
Banks In Milwaukee has caused a panic in Wis
consln among the holders Of the Stale Bank notes.
The immediate cause Of the action Of the MIlwan.
kee bankers does not appear; but we, suppose 1t /
was caused mainly by the passage Of the Act Of
Congress ta1!ng State bank Issues 10 per cent after
the 1st Of January next. According to the Aaai-
Eon State Journal, 1t Was thought at arst that the
bankers had adopted the Legal Tender basis IS
coup detat to accelerate the action Of the Lesis
lature on the bill requiring insurance companies
that do busincss in the State to deposit bonds
with the State Treasurer a. security" bas on
learning details, the journal alluded to eonfsssee
that it WIS mistaken, but throws no further Hsat
on tho subject. II says, however, "tnet" 70 no
real ocraeton for panic" 1t believes me oeso
currency perfectly good" The anTsakee ata.
ttt! while It notifies subscribers that noInne oos
National and Treasury Notes, CT stato BENG notes
redeemed tn Milwaukee at par, will be received oJ
them =. par for subscriptions, expresses the opfn-
on ,hat arrangements viii tooa be msde 70 redeem
tha e1ester parton at pr. and cool]y Informs Its
c.1srs that the balance - cannot oc u d1sconnt
~ w., 1na15 2 cent" The 8soss Jotfrna! aafs the
nsoule Ne to Steep cool" and furnishes Tho follow