, 1866-12-11

duced Into The Senate By Mr. Chandler. aud nado
the special orde. for tho thlrd Tuesday In Dceem-
bcT, 1866, cnacts-
That section . Of the act to whieh this IL IN
amendment Is hereby 80 amended - 10 authorize
the Issue Of Of n0ns for circulation, In
aSa I'd e e. s9ass. 81 .s.H
be occurred In all respects and undes tue inss!ue-
,iona and provisions Of The act hsrsoy amended:
fl0o, 90 af addi:aoua1 notes sos circulation
shall b. Issued or delivered 10 banks hJ the
oPs Hon S e =: II .s sap ana sI
circulation shall be Issued during any Que non1a.'
We fall tn rex .he rsoprietr Of any further Issue
Of The national currency. Tbs country grosns
already under II { burden Of expansion and tnda-
tiou. The currency now In circulation Is IN c1-
C. OF the wants CT the people. and II increased
viii oui. benefit The few 1t the expense OF the
msnY. What Is the use Of contracting the coE-
reney 1t the rate Of four millions Per month, and
delrct the people with one hundred nl.ltous
additional to what thcy now hAyet 1t Is absurd.
The compounds begin to axpise next June, sud 1t
ml7ht then be proper to osaes IN 1ssne Of green
backs tutncleot to ltquldale them. This stn7ls
ennvesx.on would Ens change the present dnan-
| etal condition. The compounds Eow act aa the
legal tender reserve, which the banks are Obliged
10 Keep in conformity vi III the eusrene5 aes. and
while In the vaults Of the banks, tse doing duty
only II currency, wttca Is al that can be done BY
tha further Issue Of greenhsek<, IT issued for the
e1,,:ers purpose OF retiring the compounds, We
| hope Congress viii table Nj. Ch2ndler's propo-
| eitiou without 4 reading.
! -Ihe New York Htruld Of Friday remarks thss
The d.atn Of currency from the West il vefy per
ccpuhle hers in the accumulation Of National
! Bank uolea, which IN tome Snx:anees have Been
loaned for three days without Interest, rctufnah'e
IL legal tc1.defs"'
The Cincinnati Esqpdrr Of Saturday remarks ::
~te demand for money a most Of the bauss
essse zone ioeon.sn,enee. md bos1ose sess erperi-
ssa z s4s i Ia
ear~. limiting shslr fasors to deposasors. xnd
these src not IN Ill cases snle 70 oeain aeeonro e
eral oaesints on The ftrret The rates Of tateres
a,s very fzm IT to per cent for tsst-ela.s names
sas sas III lsst.
aidn parties are in many lns anett obliged 70 pal
Is thfs class OF bo.ro.ers do 1t altacul 70 neco
: ! ttaSe 1oan1 1t the regular dfetouNt houses.
/ -Tne rurrr1cy insere4t due December Is on ih
L &a9e o ncfu VI the second series Of the Cn!te'
! States 20 PEE ccnt notes u about ten and bal
millions. OF Ibis SUE. ct &l0 50 ooa, 1css TIN
. one-third Will probably be dtsbnrsed directly D
the Treasury o:.,ce In New FORK 1he Sa'!oni
, Bank aepo.iso les Of tho Treasury thsoashor
: thu country nre usually directed to pay toe 80
o re, ecnt coupons wheneyEz psesensed. eharz1n
i. the suouut To 1ho Txrasur. II Washington. TIL
!. Is great convenience to the holdsfs OF 5so p
{ cents remote tronn The Atlantic rifles. 1he Ne
currency interest payments will b on 5anua'
23.t, On 1bout $s1u ooo ooo Originally sso %
q Of Tho third sesiea Of 80 por cents no" on
standing.
r. TIC Montreal Gc.ene Of FrfdsJ obserres
a Th.rr Il leas 1emaud II tho ba'lks for ac>oma
u dnton, 20 ths, ii txlr to good paner neets
IS retdT disposal At The usual rate. Second and W
IL noo1 ia cnnstderrd thjt clAs4 names Au douo u
IS IA = ner eenf
Of -Total Imports II thc port Of Montreal for 4
IS eleyen months ending 10Th November: