Nashville union and dispatch. [volume] (Nashville, Tenn.) 1866-1868, 1867-02-21

OF Sl1O, $50 was issued TO certain of those
institutions by the Comptroller of the Cur
rency during the week, making the total
sum issued to date 1901 ,465,0 from
which should be deducted S2,628, O32 being
the amount redeemed, leaving the actual
circulation Of such banks at this date S299,-
826, 984.
Fractional currency to the amount of
Sj55OOO was printed at the Treasury De-
partment during the week ending the 10th
inst The shipments of this currency by
the Treasurer during the week amounted
to S2l6,222 45, 100000 of which was for
warded to the Assistant Treasurer at New
York, and the remainder to national banks
and individuals throughout the country.
The House of Representatives does not
| seem to be in any humor to touch the
financial question. On the 18th inst, that
| body by vote Of ninety five to tifty-six,
laid upon the table resolution introduced
by Mr. Eldridge, instructing the Committee
on Banking to inquire into the expediency
of Withdrawing the National Bank curren-
cy and supplying its place by United
States Treasury Eotes.
A bill abolishing the usuary laws of
Massachusetts has passed the Legislature of
that State, and becomes a law on the 1st of
July.
The Cincinnati Commercial of the 10Th
inst. notes a growing ease in the money
market. That paper says: "There seems
to be a considerable amount of money in
the hands of capitalists idle, although mat
ters work close in business circles because
of the lightness of collections The fact
that there ia capital on the street seeking
commercial paper has tended to keep rates
Of interest from running to such extreme
points as they did, and there is but very
little really good business paper now that
can not find lodgment as not to exceed u
per cent The money ahoat referred to is,
in great part, such as is awaiting perma
nent business investment, such as would, if
there was a feeling of confidence in the re-
suits of Congressional action as well in re-
gard to civil as financial matters find en-
ployment in manufacturing and in the
development of promising new enterprises
When Congress adiourns that confidence
may acquire strength, but not fully unless
something positive shall have been accom-
phshed in accordance with sense of right
and with less faint Of temporizing policy"
The London Times of January 30, COM
ments a. follows on the various huctu-
atoms of the rate of discount in Europe
during the year 1866:
Ii is curious to contrast the rate of discount at
the principal monetary centres Of Eur0pe-Am-
sterdam, Berlin. Brussels, Frankfort. Hamburg
London and Paris-during ls56. At Amsterdam
the year opened with per cent. discount rate
In the second week of the year there was an ad-
vance TO o. per cent, but IN the eighth week
there was tall to g, aud in the eleventh 10 81
Ia the eighteenth week the rate went TO 6, and in
the nineteenth to Ga. In the twenty seventh
week OF the year II further advanced to 4, sink
ing, however, 70 % IN the thirty second in the
thirty third, 81 in the thirty ninth, 10 the for
ty-third, and a. in the fifty first week. Berlin
commenced 1866 with a discount rate of per
cent. which sunk 20 Z in the eighth week, advan-
cInE, however, 70 in the sixteenth week AMI 70
-iu the nineteenth week. In the twenty ninth
% 4
% 6, in thirty second week to s, IN the forty
fourth week to ~, and IN the htty first week to
= AT brus7e els there we're very lev huctuatiOne
They may be summed up as tolloTs: Com
mencemeut q the year per cent, ninth week
Z; twentieth week, s. twenty second week &. /
thirty third week, I, and thirty-eIsth week s. At
FRANKFORT the rather more numerous ductu- |
auons we're COMMENCEMENT Of the year. per |
cent second week, 7. third week, -: fourth J
week, .. seventh week, ~; tenth week, 4. /
twelfth week, AZ; sixteenth week, G nineteenth /
week, G. twentieth week Z; twoRth-sixth week.
i0rty-Grst week. AZ and iorty-sixth week. ~. I
At Hamburg there were no fewer than THIRTY
one changes IN the rate Of discount during the |
past year. IN the first quarter the fluctuations /
were IRON a. 10 per cent, 10 the second quar- /
ter from 8 o. 81 . in the third quarter from - i
10 n . and ia the tOurth quarter from 81 20 ~
Al London the year opened with discount rate /
Of per cent, which fell 20 IA the eighth. aud |
10 in the eleventh week OF the year. Ia the /
eighteenth week the rate rose TO Z. an the uine
teenth week 10 Y aud in the twentieth week O. |
~. This rate continued till the thirty-third |
week when il sunk tos, declining further 70 IA |
the thirty fourth week, in the thIrty-fih |
week, aud IN the thirty sixth week. IL after i
wards fell 90 A. ia the thirty ninth week, 4 IN
the forty ltth week, and 81 Ia the fifty first /
week At Paris discount vas kept within very /
moderate bounds 40 ls06, the year commencing /
With per cent, tTouI shich there was fall 90 /
a. ia the seventh week, IA the eighth week 1
"a in the twelfth week, IA the nineteenth /
week 81 40 the thTteth. and ia the thirty /
ilih week
The New York Tiaes Of the 18th inst,
SAYS
Notwithtaudius the sales Of the consolidated /
81 gold bearing bonds by the Treasury, the l
puddle fund all made further steady advance /
through the week reversing the feeling 90 most /
other st1gks ana particularly the railway shares,
a. tue stock Exchange. The .-d.s Of lso2-'0', |
May and November, coupon bonds, are now 2 |