New-York daily tribune., 1866-04-05
ces hetw .en the "a dates


1ump............s5 as s5sii Gss cts. ad
stove. e..;.........-. ~ 90; u
Egc................ SIS 545 60 =.
stove, stove; 5g5i ssg s@ g ~ Dec
Average advance except stove 23cents per tun.
The business of the Sub-Treasury was: Receipts,
g, ,236, 1868 s9-for Customs s394,OOO; Payments,
a. .926,G7O q3-on account of Loan, s97 ,0O0; Bal
anee, sSl, 1881 u. Gold notes, 100000
Freiebts 10 Liverpool 500 bales Cotton, at 5-l6d.;
Is, 900 bush. Corn at q aid An Italian bark from
Portland. Me-, to London with 0000 bush. Oats,
at Cd. y 30 b..
The National Intelhgencer makes the following
comments upon the financial situation:
There are everywhere seen mysterious and alarming
portcnis Of coming financial storm. The excess OF
irredeemabe paper currency has done it, work y An
exaggeratiOn OF prices by accumulation OF goods and
merchandise, and by promoting enormous specNatlons
and hazardous engagements. Paper money IS as pen
tifu rs forest leaves For cnce, Wa.ls admits tbat
money is easy, because there is little employ ymen or ~
Gold has fallen, ana VIII rot soon Tegalnlis place at
thirty, and products of oil Kinds are falling. Dfy
goods in ported and domestic first began to tgn ole
and their holders after them, in instances. The
decinc il gradually reaching other products. no
rinderpest ever came so suddenly and deVast ilnFiy
uuon cattle o., this reyaOn viii fall upon specuators
and manufacturers. There is now cessation OF de-
mand for goods, and importers and m6nuactu eTs are
Glad to reduce their sOchs at very considerable loss
The largest Of the domestic cotton factories persist
running though at great loss rather than be icle,
and hazard disOrgaDizaiiOn OF their estabhshmeh's
The general causes plain az any other reaction
after an undue excitement The special causes are 10
be found too in the impression which President JOhn
sons restoration policy has made in Europe The most
Jealous Of opponents AMI the most despondlng OF
our friends abroad equally well convinced by PTes
dent Johnsons Messages that for this Government ana
this nation there is future of power and prosperity
hitherto unlocked for and surprising all the most sa
gHine predictions. Political confidence Is i0bo"eu oy
financial credit; and our securities which had at one
time run down TO 40 have risen 20 10 in England and
"a in Holland. Perhaps 3OOOOOMO OF our 53Os ana
l040s are already hed abroad Then, again. since lie
close of the war the South has developed an nceased
quantity Of ootton-abont 100000 bales-whch may
be valued at S375 COO This quantity brought as
much money as crop oil 6.OoOOOO oaies "ouu nave
brought before the war.
The e1portation of Government bonds and Of cotton
have superseded the necessity Of exporting gold In pay
ment for our and still Increasing imports
Exchange has thus been turned in our favor, which,
under ordinary circumstances, would facilitate return
10 specie payments. Beside all these circumstances
which have favored decline in gold and commodities,
the receipts from California have been large. 1he ex'
pected currency contraction has bad great ehect IN
causing the present stagnaion OF uade. heseoh mas
piled up warehouses than can be sold even at very
reduced prices. The South came into market fuil'
handed last Fail and did the West, but they are
supplied to the present extent Of their wants and means
There is more disposition sell than to buy Petroleum
have led to the ailme Of Petroleum
National banks in Pennsylvania This Is another sign
Of financial revBlson. An accident like the failure of
the Ohio Trust Company in 1857 may bring ont revul
sion as that did. Fortunately whatever may happen
TO National banks, the nOtebolders are secure-they
60 10 the Government for payment IN greenbacks
From The Bank. Note Reporter.
Oil City Bank at Oil City. This bank is state in
stitutisn, with a circulation of some s26o Ooo not
secured BY any bonds. We believe. the circulating
notes of this bank have only nominal value.
Bank Of Crawford County. at Meadylle. This is a
State bank with about S3J000 circulation not secured
1t bad fled the preiminar papers to reorganize as
National Bank-had deposited some bonds in WASH
ington-but has never received any National Currency
Onr impression is that the " Bank Of Crawford Co.. Is
not as bad failure the "oil City Bank"
venaDgo Bank, at Franklin. This IS a free state
Bank converted into National. The old circulation
Is about &l3OOO0 secured by 73O Treasury Notes de-
posted at Harrisburgh and f5OOOo National Currency
secured by deposits in Washington We believe that
some delay probably at Pittsburgh. For the present
we quote Il at 10 discount. The $50 900 National Cur
rency will sufer no discredit.
Petroleum Bank at Titusvle. This Is free State
Bank circulation t2O0 600, secured by 730 Treas
ury Notes deposited at Harrisburgh. Its notes, we
believe will be taken up at their face, al PlttsbuTgh.
after some delay. We quote them at 10 discount This
Bank had filed its papers TO Ieorganize as National
Bank.
Culver Penn & Co. owned but small portion Of the
stock Of the First National Bank at Titusvie but
It's New York account was with that house. In the un
certainty Of the moment II suspended III mas since re-
sumed business on solid basis. The losses are not
sufficient impair IT'S sOlNcDCy. Oi
sound and solid class Of local citizens Its drafts Oh
Culver. Penn Co. are cashed BY the First National
Bank of this city.
These all the banks that directly hurt by the
failure Of Culver, Penn Co. Other banks have been
placed in the broken lists published in the newspapers
The Cashier of the Bank Of Lawrence County writes
that his bank had no business with c. p Co.. and
loss whatever viii be sustained In consequence OF the
failure.
| Lfsf REPEATED.
Oil City Bank, OIL City. Pa...........75 y CT. dis.
Bank Of Crawford County Pa.-.......6 80 y CT die.
| Nenango Bank. Franklin. Pa.--...-..l0 v CT. dis.
Petroleum INK, Titusyile, Pa. ...l0 y CT. dis.
AL National Currency broken or rnot..........PAR.
The Cincinnati Commercial of Monday says:
Exchange Is scarce enough keep bankers close up
10 the point OF shipping legal tenders The demand rs
steadily large and but little is making through move
ments OF produce Ten per cent is stated the ruling
rate OF interest that money worth frsclass
toners paper.
/ The Chscago Tribune says:
The money market is closer to-day In consequences Of
disinehnation on the Of bankers extend their
discount lines on he last day Of the quarter and Just
before making their quarterly Statements but there
was no particular pressure felt IN monetary circles az
the demand was comparatively light Dis. cunts are
steady at ~ per cent per month Il street Eastern
exchange stiD scarce. bat the de- a tod il still
light aud the market ruled quiet q. IN at ar bay.
ing and l.l0premium selling t.. bankers euerally
bought as little outside eXchan 20 o. possible.
TIE CRoToS National BANK