The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1868-01-27

Ths foregoing that the liabilities Of the b.nks
b deposits and circulation are a. present s2 l75.sso,
pon which the required Of twenty per cent
oud bs SOL o%S oSi. whereas the actual reserve in
pees and legal tender notes amounts TO $o2 o6
D3l, 2l7 900 in excess OF the legal limit compari-
Don Of TIE condition Of the banks the aoth Of Eevsm
Der last ana yesterday shows that tAsy nov hold
BIS oso o2o more OF legal tender than they did
DAsn So elo Of specie and s3A s2l Of depsss
Bhas tAsr loans only $40 SIC. 500 larger.
The reply OF the Comptroller Of the Currency 10 the
ouss resolution asking for Information respecting h
koans OF the banks Of this city Just what light have
essa expected. That no bank has loaned any nrm
p amount exceeding onetsnth Of les CAPITAL pro.
idsd BY law vouched for and the Comptroller states
Dhat he possession Of rssbis Information the
ouit Of recent Investigations sufficient TO satisfy him
ehst the national banks and particularly those located
hsre not in the habit OF losnIua their money upon
fsncy stocks false fictitious values and that With
tsgArd TO bank officers being concerned in stock spscu
Cations Involving the capital and credit or their
psctivs Institutions, be has means Of obtaining IN
FORMATION. he having no authority under the law TO In
Hesgse their privas transacons; but the sxpsreBcs
% the past forbids the belief that any bank ofnosr
nowu 70 BE- engaged speculative operations would BE-
fstA.asd IN once The banks OF this city are with rsrs
oxcsptloua well and honestly managed, aad the
onal dsfsleations that ansprs the part Of sub
Drdiaatsa. whose discovery 10 inyariabiy followed BY
byempt exposure and punishment Such crimes. how
bvsf, and even tnss possibility Of their &C.
hursncs. argue noglssnos on the part OF
phs directors and superior officers. and there 10
bsnsderssls for improvement In this respect, That
presidents and cashiers speculate IN stocks ocea-
pIouay 10 net improbable but 10 10 hardly likely that
pay Of them make Of the bank funds for this par
bcss II they DO the sooner the guilty onss ola.
Powered and punshss with The utmost severity OF The
Nv The better f.f the public The probability 10 that
Voc rsscp.on referred 70 was introduced for ssoc T.
fobbins purpossnsmsiy 70 bear the .ssss 10 senpss.
Won With the recent movsmss. Or the Erie poeI-spd I.
&sud 81 very Interesting to learn how many msmbsu
d Consrs spseuias IN stocks and gold whenever they
havs 80 point" TO 60 upon, and how much resolutions
hsd bills Introduced 10 both houses have do With Wal
l}ssss transactions
spscuistioa on the Stock Exchange extremely
octIvc duyng the week. aud there great excitement
n the dealings 10 the leading railway sbsrss and par
flcuIsYiy New York Ces,rai and Erie. Cleveland and
1cedo, Michigan Southern, Hudson River, Reading aud
Cert wayne also attracted urusua attention ana eIps
ksacsd the largest advance after Central, which ad-
0ancsd about nine per cent Erie aud Northwestern
hca mou we're She only exceptions among the spscals
Give shares 70 general bucyspcy Of the market Tbs
nliqus In the latter has sold large smoant Of "pe,s
hs the siesk At 90, and FOE the tins being neglect
hog Il. The sales OF Erie by the late pool we're sncr
Unous and attended break The market a. the mem
ksrs OF II are understood 10 have sod Short largely
but tho stree, took all that offered, and h' prcs at
DO time declined below TH AJAX. Tue clique al Fret
borrowed 10 make s deliveries but on Friday and Sat
Erday 1. returned all tue stock had borrowed aud com.
pstsd its deliveries The clique had then expended is
eumuniton aud the street had borus The eruns OF TIE
onslaught without nnohng. The stock declined Tor Q
0sv minutes about noon yesterday 10 TAX ffs, or'
Hefsrs evening u had advanced 70 1915 a 1esl under
b,rong aud excited demand The fact that Erie 10 about
y per cent lover 10 price Than The stock Of any ohsr
iDf the four trunk lines running westward, as well u
greatly below the average OF the rest OF the market, hs,
Bed TO . large demand for ~ from capitalists
end spseuS,or both In aud oft or we'll
gtrsss aud II 10 now more widely distributed
cus strongly held than has been for long time past
me members OF the pool ppossd 10 have disagreed
among themselves aud decided upcn dIssslvng II By
calling the whols OF their Stock ana the result s the
sasy dad thsy acted prsEaotursly ana urcsratsd tbs
SssurN strength Of the market The street. LED By the
tsrssss hsasss Of the stock, vi new take held Of saa
VERT ap V Nv Yoin, q whrch itvoult pys bsss SELF