The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1867-01-05

-Tbe Chicago papers say that currency 10 very
scarce At the discount houses, and daily becoming
worse. This ia due partly to ths fact that tho
national banks all over the Northwest are, 10 some
extent, making preparations for their forthcoming
quarterly reports
The Commercial National Bank Of Chicago
has declared . semi-annuai dividend Of elk per
cent. free Of Government tax, payable on the sth
OF January.
The product of American gold during the
year 1865 is estimated at ISL, 3s9. SAL 3T0,o32,-
sos came from the Pacific and Rocky Mountain
States the remainder from the Atlantic ssAboard
cities. Our gold product for 1855 was . little over
seventy millions. An Australian journal states
that there have been produced in that colony,
during the las, fifteen years, gold to the value Of
fI4o, 600, 600. Exports Of treasure from Califor-
mia siace January |. 1886, SAC, 1855, 952. 81 ZANE
time in 1865, s+o,s67, oss.ls.
During the week ending December 70, frac-
tionAl currency to the amount Of $3ss, 1870 was is
sued by the printing division. The shipments Of
this currency made by Treasurer Spinner during
the ssme period amounted to $40, 0o0. $50, e0o Of
Nuicu was teuS ~ the Asststaut tftosuTtf ~ 2A
Louis. and the remainder to national banks and
individuals throughout the country.
A Tribune special says: The Ways and
Means Committee have decided that gold hereaf.
ter must be sold in open market that there IL toe
much COLE in the Treasury, and it must be re
dueed.
-The Wells new Tariff bill vas to be submit
ted to the Senate on its reassembling. The SEN
ate Finance Committee however, has not finished
its work upon the tariff, and many amendment
will be proposed to this bill. Numerous dsiega
tons. representing most of the principal inter
ests Of the country, will be heard by the Commit
tee before any FINAL action is taken by it.
-Tr.asurer Spinner WAS robbed Of his pocket
book. containing hfty dollars, while in the Grove
attending the reception of the President on New
Years day.
The January statement, Of the public debt i
not yet ready for publication, and will not be 10
sued before the 9Th or T,h inst.
The House on Ways and Mean
has adopted many Of the suggestions Of Commits
eioner Rollins, and will soon report = bill modify
lug the Internal Revenue tax list. Mr.. Hoopes
Of the Committee On Banks and Banking, viii al
20 press his bill restricting the total amount o
national bank currency to $500, 600, 900. Mean
while, a powerful lobby has been organized to in
6uence Congress against any further curtailmen
Of the currency, and to prevent any accumulate,
or gold in the Treasury. 1t is known that in tn
month Of December over Gve millions and Q hal
Of hard aasIi WAS received at New York for TART
duties, and less than two millions has been soit
Never was such financial power in the hands o
one man as is now welded by Mr.. MoCullech.
The New York Tribune says: Changes ar
announced in stock houses which indicate . dis
astrous year. One concern, with an original cap
itai Of n million in gold, has been reconstructe
minus the capital-which has been distributed i
the street" This is q brief but most apt com
~rncntary on much Of the business Of the pas
ysar-in merchandise ~ well ~ in stocks.
There has recently been . financial psnic |
Havana, but letters Of December 26th report .
almost entire abatement. The Banco Espayxe
paid out the FIRST day Of the run $500, 900 in gold
and then reduced its payments to $15o, 600 pc
day, in aecordance with authorization from th
Captain General. All the banks except Rooster
Co. had resumed pay,nsat. and it was suppose
that the latter was hopslessly insolvent.
"A New York dispatch Of the ID says tha
there never we're 90 many changes in busins,
arms ~ Published on that day.
There is . project on foot in financial circl,
in London to establish . Cosmopolitan Bank
that city, with branches in al the commercial Of
les in the world. The bank proposed 10 to have
capital Of one hundred millions sterling. II vi
+ Be > bank Of discount and . bank Of depssit. I
: sight drans or checks on its branches 10 Ne
York, in Ban Frspeisse, Australia, China, ST. p
! tenburg, Amsterdan, Antwerp and Paris, VI
duplicate the currency Of the world. Tbs braaeI
- will also issas cheeks on the mother hank, q
oil win pass throagh the Universal Clsaril
Hosss In LoaAoa. This l. N eutiins Of H. pr
/, possd institatioa.