The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-23

amend any existing laws under which the Secre-
tary can fund the currency debt; and II proba-
bly, will not be attempted. The signs also midi
cate q steady movement towards specie pay
ments, and new engagements should be made
wtth cauton.n
The Hon. e. G. Spaulding. of Buffalo, who,
while in Congress, had much TO do with Jh1
Legal Tender act of 1862 and the National Cur
rency act of 1868, writes as follows on the true
nationality and uniformity OF National bank
notes.
"The National Currency Act Is generally right as
far as IL goes II limits the amount to $500 0OO 0O0;
requires the circulating notes TO be well secured Uy
pOld-bearinR Government bonds dep ysited with the
Treasurer OF the United Staies requires each bank
to redeem its circulating in lawful money on
purpose makes them legal teder for ali taxes and
other debts due to the Government except customs,
and for all debts owing BY the Government, except
principal ana interest OF the funded debt. 1t also
makes them receivable by each National bank for all
ordinary debts Que to them, and each bank oesona-
deposit from ali public officers These are important
provisions in the law for natonazing this currency,
aBd 1t consequently obtains q wide circulation. L
would not change or alter any one O these provisions
for decentrazing tae currency but think 1t does
not go quite far enough in that direction IL will
perceived that all persons in the emp of the Gov
ernment compelled TO receive it ia payment tor
saarIes and for materials al otherservces performed
for the Government 1t is now IN effect made legal
tender from the Government to al ths class of per-
sors, including he salary OF the President Cabinet
the President ana 9th r officers of the Goyernment
compelled to receive II in payment for their saa
mes, why should not everybody Q Sc be required to
take 1t from them for all ordinary debts they may
lncurr i can see no valid reason why they should
not be a legal tender 10 persons employed by tho
Government, unless such persons can also compel
other parties to receive 1t from them think sound
policy requires the act TO be still further extended
would go one step 1urtner, and maze the national
bank currency like the Bank of England notes, a
general legal tender"
SALES At PUBLIC STOCK BOARD TO-DAY.
Reported by 5. q. johnson, No 1913 Walnut Street.
FIRST CALL.
100 sh Ocean .... $50 200 sh Leading OK b6
SO sh Mt Farm. bio 40 100 sh Am Gm Pt2d l
loo sh Read .....s5 5Ob 100 sh Maple s6. 30 S4
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by De Haven bro, No 40 S. Third street
FIRST BOARD
1890 City 6s, new is 90 100 sh Feed Dam. 49,. s
s2lO0 do......... 92 100 sh HesIonv. b3O AZ .
$1,000 E'mra 7s...... 92i 100 sn keadIng. $40 60s
slO0 sn CRta pf. $50 2SB 100 sh do..c. 80 94
10 sh de......... % 400 sh DO. $50 lots 60k
leo sh do........c PSI 100 sh 90 .....c.. 81
10sh do........ 28k 100 sh do. .,.... $40 60k
100 sh oo........c 20 100 sh do. .s10wn 503
100 sh DO. .s60wn 2ss 100 sh do......,c b1
100 sh do. .......c 20 100 sh do. .... $40 60k
3sh Cam &c Am C 117t 200 sh do. lots 80 94
l0sh Penna..... 86 200 sh do lots. I'd 81
200 sh Ocean. ...s5 z 300 IN do .b3O. lots 81
100 sh do........ Z 100 sh do. .b80a30 81
900 sh do. lots $50 100 sh do..... $50 500
Ssh w Ches r.. s 200 sh do b30. 81 1-16
sh Mech Bank Its 2St