, 1866-03-17
AND COMMERCIAL.


8 FHrpA1 EyESrss March It. 1896
There VIM considerable excitement On 'cnau:e
To-day IN coutequence ofthc discovery that forged
wArenontc receipts for gr-tn were ahoas. "oea
the facs Vas trtt announced, there 'Tss rome nnea
sipcss experienced By bankers and commission
merchants, whose business consists to g7ca1 0'
Lent II making advsnces On grain. and close e.
animation OF b,gnztures Was the result but ~nsn
The fnll particulars were kuowE, bnsrness "ent Oh
AZ install.
Tn 10 the p,cfcpt v7t1ine 1t has bccn found oo'
that tprrcd receipts for c,o bushels ot a'neai VIZ
sold nj The T1r11ont House sesieHlay evening" 1a1
that, alter psss,nc through several aanaf' ue ~.
sc.Y was this morning detected md Inc nonts
funded by tue party who made the SEE ses'csn'5
evening. As to the subsequent PARTICULARS. We rc-
Ter our readc1r to the local columns.
7, has of m hecn matter Of wonder *fth Us thaf
1ha f1,,,c-y nY t-fain .Eareboute receipts waA neTe
1.cf,,rc n,,cn,ntca N this Enarket. These reeupn
ar ,,cnrrn,ly p,nlcd In pls3n type on common pa
mr.. and tbey Afe a,,ays signed by c3rks-&t ltast
NC have never seen one elgncd bv RnJ Of f1he. pro-
,,.1ctore OF the c1erato1r 1t ia vesJ easF matter
ior forrr1 10 grt .he blanks printed In any 3oh.
printing ofIct and there II no difficulty in forging
.he Signatures Of the clerks who sign them. But.
notwithstanding this, CIR mcrceanss and bankers
tave handled hundreds Of millions Of dol
lers' worth Of these receipts without douht
tcire expressed ns to their being genuine. This
Il wrong. In tho fret place. ihe.e Hasedouse fe-
Tipts ought 10 be engraved and printed a. e1se-
fully as bsnk BILL, paper tina. can not be cssty
obsuiucd or eounscrfc1ted. In the feeond place,
every receipt should bear The genuine signature Of
the G11a which Issued II, and not that Of meEc
c1npiosc. ltts true, that generally ep:aking, the
PRINCIPAL I. hound By the oct Of his ogent, but ~e
all remember the schu:ier taad., and the refusal
of hi. principals 10 tlcund. VIC tru4t our wurc-
house1ncn end busm.ta men viii not let this mat.
7cs 1ass without tnstitu;ire r.1orm. These re-
ccipte pass from hand II haid a. freely as hank
hills. and they ought to be gotten up ia sncn
manner rs To make II difficult 1nattet to counter
fA' them.
1t ,s rcpor1ec TINT Secretary Mcculloch will
make no reply to Mr. Clark. lie does not consid.
u II proper 10 handy wotls with subordinate. II
IL probable, however that an explanation viii be
made wl,cb will clcat M the discrepancy. which
appcasa to exist between tnc statements Of tho two
oilic4IB.
Tho bill introduced in the Cn1ted States Senate
A few GaYs t1uce By Mt. Sherman. would indlczte
:bet the Loan ELL will meet Hith considerable op-
position. Mr. shcrrsc>s bill provides tha> the
aggregate amount OF legal tcudcr uotes shall mt fail
below four hundred and twenty millions Of dollars,
and uat I'LL the surplus IN the treasury over twenty
1nlons IN cosn, md the sane atnoun. IN currency,
shal b. used to tstiafy the Aeerulng Indebtedness
for the purchase and retiring ot bonds and inter-
cst-beor.ns 1rcll tender uotes1 sad It Is further
proyidcd that the tntere=l-bear1us legal tender
notes shall not he reired as;cr than the 1atc Of
Gyc millions l,er month.
The money market to-day ~ns quiet and there
is no change TO note IN 1t: eondiuon. The demand
10. currency Is only moderate, hu1 deposits src low.
god the hanls are dfscountinc AZ little as possible
Rates arc steady at 10 r cent r Aunum ut the
bsnkp. and at 1c1s cent p month on the street.
-Ea-,ern Exchanged Is vesr *rarcc, md rhc market
it firm at par buying and 1-1o pscu selling. Round
lots were sold to-day By hanxers 10 each Other At
p.cmium Of G04I tic = Thousand.
The ReciprocitY Treaty with Canaaa exp1rez
today. Eequiescat In paee.
Gold opened In New York to-day At III md clo.ed
at 1904. The following are the qnuations telo
E7arhcd TO james Boyd Brothers, gold brokers