New-York daily tribune., 1866-04-09

Three months decrease. .soic'oO'
Reported.
For the wear its earnings VIII not reach those OF
1864 by a considerable sum.
The Chicago papers announce the failure OF Is.
II. Badger, stock broker of that city, with liab4h
ties estimated at about $4,000. The defaulung
par,v has been arrested on criminal charge at the
instance of the cashier of the Merchants National
Bank.
The Spruce Hill Coal Company is now dealt IN at
the Stock Exchange. At the present price the
property sells 70. $4,000. Those who manuiac-
fictured the concern will make handsome proht II
BUYERS can be found at g. per share.
Notice has been given at the Stock Exchange OF
motion for a repeal Of the old standing rule au-
thorzing the purchase of stock after 2:3O p. m. for
account of brokers failing 20 make good their de-
hveries. The motion was partially discussed and
comes up for final action in ten days. 1t Is not
probable that the Board viii alter this rule, or the
one that allows the sale Of stocks Of brokers de-
faulting in in its receipt.
Mr.. Fessenden has introduced bill TO amend
the act to provide national currency, by pledge
of United States bonds, which was referred 10 the
Committee on Finance. 1t amends section II 30
as to make il read as follows:
And6eu further enae,d. That upon the transfer ard
de livery Of hoods the Treasurer ss provided 10 the
foregoing section. the AssOcla'ion making the same
shal be entitled (, receive nom ihe Controller o the
Currency circulating notes of different denuVlnatlon
IN blank and reg stored and cOunersigned ds here u
after provided equal IN amount Ia 20 per centum OF The
current market value. The United States bonds 10
transferred and not de yered but not edng 20 per
centun of the amount of said bonds at the par value
thereof II bearing interest at rate not less than 1--we
per ceIum per annum and The am unit IL such cifcu
lating notes 10 be furnished 10 each Association shall
be In proportion 10 its paid up capital as follows, and
no more: To each Association whose capital exceeds
So eco hat does not exceed sGaOOO a. per centum Of
such utal 10 such Association VII capital exceeds
5000 j. bat does not exceed sl0OUU0 IS per eentum
OF suci capital. 20 snch hssociaDn whOse capita; eI
ceeds 0D co. and does not exceed S2,OOOOOO bO per
centum Of such captal 70 such Association whose
| S3OOOOO0 50 per centum Of such capital; TO such
Association whose capital exceeds sJ,OOOOOO 10 per
centum Of such capital, and IT SHAH be the duty Of
the Controller Of tie Currency 10 retire and with
draw from circulation all worn or Wutilaied notes
returned by any Association whose circulating
notes are in excess Of the limit herein prescribed
until tie circulating notes u each Association shal be
within the ratio prescribed for its capital and any
sting bank banking Association organized under the
laws of any which shall apply tor authority 10 be-
come National bank under the act t0 which tnis sec
ton is an amendIne nt before the first day OF October
5G6 and shall comply with all the requirements OF said
act SHALL such bank be found by the Controller Of the
Currency TO be in good standing and credit receive
thority 10 become National bank provided that banks
Of Gnimpared capital in State which have heretofore
secured tue least rata6e amount OF circulating notes
under the provisions Of said act shall have preference
receiving such authority; and provided further that
the entire amOuDtOi circulating notes 70 be delivered
banks thus converted from State banks TO National
ssocistons shall not exceed el9 000O00. And As.
socatons may DO organized ia States and Territories
which have heretofore secured the least ratabe proper
tOn Of circulating notes under the provisions OF said
act provided the total amount Of circulating notes TO
be delivered 10 Associations organized shall not
oeed sl5 000 until after the first day OF October
1866 when any portion Of the $40 O0 900 Of circulating
notes allotted for conversion OF existing State banks
shall remain unapproprated the amount 10 remaining
shall be used for the organization Of new Associatons
under this section.