New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1868-01-16

Der as follows
OIL $40 CO 1896. ,l15 CO Inc.....s531
The Controller of the Currency is in correspondence
with the national banks requesting them to inform
him of the name of their approved redeeming agent
Section 81 of the Bank act provides that each assoca
ton in these leading institutions mentioned III the
law shall select as a Tedeeming agent some approved
national banking association. The same section fur
thor says that each of the associations in these cities
nav keep one-haf Of their lawful money reserve In
the city of New orE According 10 the letter OF the
law, therefore, the said reserve IS only to pe KEPT
somewhere I'm New-York City. Nothing Is said about
keeping it in a national bank, in q bank approved
by the Controller Every national banking associai
ton is authorized in the 18th section of the National
Banking act 10 make at least oncea year an examlna
ton of its United states bonds deposited with INC
ner must deposit with the Treasurer certlhcate Oh
the kind and amount Of bonds examined and dU-
pcate signed by the Treasurer shall be delivered by
the association.
The cars of the Chicago. Burlington and Quincy
Railroads now run to Woodburn, is LILIES west of
Charlton and 10 miles east of Osceola
Meetings for the purpose of raising subscriptions to
the capital stock of the Cedar Rapids and Burlington
Railroad are being held at Ononwa and other points
in Louisa County.
Tic Mc6re06r Ners says the citizens have raised
their portion of the sufficient 10 meet their share
of the cost of the survey and will be made for
railroad from the former PLACE to Dubuque.
The length of the main chain of the Chicago and
Northwestern Railway in Iowa Is 3jS miles Head
quarters Of the Western Division, which is 80 miles
long. are at Montana The Sioux City Branch, now
building. from the Missouri Valley Junction TO Sioux
City, is completed and in operation. says The Non
parel to Onawa, a distance of IS miles
The books of the Abba, Knoxville and Des hoines
Railroad Company are now open for subscription TO
the capital stock, at Des Moines Carlisle Hartford.
Wheeling. Pleasantville, Knoxville, Attica, Marys-
VILE Lovilla, and Abba.
The Cincinnati Gazette Of Monday. says:
The activity in monetary circles Is s dsProportionate
the ON Of business = PTS s n IN market nS the
last two months of 1901 mas caused canton In CON
g g more ee Sew al failures in vSfoHs branches d
trade have occurred ggyPg the past yeGf IVY l Ia
their credit too much extended These have had 40 ma
eral effect upon the money market The confidence iet
m commercial paper has not been weakened ana rates OF
interest have rather declined than otherwise The fact 49,
the great majority of Cincinnati merchants are sound TO
other CITY In the country. On Saturday the amount ~
paper maturing was large, ana ALL US uSi' promptly
The Louisrilb Courier of Saturday has the follow
ing:
The demand for Southern and country supplies Is IN
creasng but in many cases the cash. or lis equivalent
docs moi accompany tic orders the sales are not con
sumnaed and are held in check. This IL not caused by
any Of confidence m tic parties but upon INC con
pose of their products Tor the e1uaient demanded OF
sua1lv auticipated Tho merchants and tho producfs
are similarly situated and equally hared Tor me usua
means the cash, the credit To carry on thef Laisac
tions i'm the usual way bills OF % or GO days which III
ante-bclnm and anti-taX times was considered rs GOOD rs
cash. With advance IN cotton ana a reduction OF
faxes the commerce OF the West may revive
The Chicago Tribune of Monday says:
There is a steady though not pressing demand Tor
money but deposits are comparatively speaking at
sfand-still The market shows signs OF approaching
case all quarters 1t is pronounced Close ana some
have no hesitation in pronouncnc it stringent Paper Is
closely strunized but al borrowers, who are entitled TO
ouv accommodation experience no difficulty III oDtainhg
il An other paper Is unhestatingy refused Inc banR
rate of interest steady ut 10 per cent nut IN the open
market good paper purchased at discount OF per
cent pcr month Eew-York funds arc scarce and nm,
with saes between banks at 40 cents premium Deposit
ors are allowed par ana checking Is done Tor less th
L IN lrAI Id