, 1869-11-16

frsdo than In aay oshar Sg, re ha1s utref had
!hocd faith IN the 6nGuoS ii pe1 cent gold poadz
~ sp&< IN The 8sua1I rne1Ass, IN sutiams aMounka
10 taan np tna per oents, - long - soc LATTER
were u discount and attended the general IN
Hestor - much mere pfont But BY making tAem
tas exctunFe nsxts Of National B2nr ctr-
colatfor. thsr vooid 1equvs N add1ttonh
ard spec4ai vasuo which would tsep eight ur mns
puno1ed ullliecs Of thsm It par md be the usans
of sreatuallJ changing the whole OF the present
: Per ceDu info PET cent?. Cur correspond.
ent hss, hosesss, made hts esuDats Of the tA1e4
10 be paid By banks on The proposed haais 4ursely
too ssna1i, no1esz The present 1ato Of t2xst,ou
ahould Be crafty rednoed, Tbs l,sso Hsuoaa,
BAnta Of the country paid l2st year sWelve
millions Of ta1oa, eqnA to per cent OF 1hen
expitU. bat this year I'll the sszte md local
tA1es hAve beeu eno11apnsly fac1easet- Tbs bsnks
pay to the National Government ~ toloHs: FIN,
Tax Of u Per u aao Of their csptal stock; nezt
one per cent on theIr circulation; nexl one-hAlf
Of one per cent on thstr depoatts; next, pei
cent % al d!vtdends and On an anonuts passed
70 thclr surpfns account. These ate, however. but
atuau proportion Of the exsrtzafe OF taxes pa,d
BY tie National Baufs: the sn:c. county, and
ecEp"fnslon ta1es on their capital and bustncza
nake the average total arnrzl taxes Of the M.
tonal Bar Il not lea than ~ per cent On Their
capital stock. #a have examined The tax Ac-
counts Of some Of the 1eadlng National
Dxnkn IN this city a1d mod that
several arc paying taxes II the
rate OF per cent on their captai stocf, and that
noLe OF them A1e paying II the stta OF less than
III PEI cent With National Banks ln the country
to~ rs. and IN the kecond-r1tc c!uea the rate of
taxation by The town and municipal governments
Ia tsen higher. and We hear Of naukl In Anch
places whose Aggregate ta1nsou atuouasa to 10
per cent on their cafttal Il u belteFed thai the
rf -
BAnks during this 3eat vii be nearly s1s. .eoo, ,f>o
OF II tic 17e1sae rate Of * per cent on the:r
cspitzI Of $50. .oeo, 600. We assume, how.
ever, that our correspondent does mean
That, In order 70 mske Ench = prospect
for prpdt a. shown IN hl example the rate Of taI.
ation on National Hanfa should be reduced on \
sort Of aiding scale 70 tnas eventually the in
cfeased number OF banks that would have the
tSo0, VOC, NO OF circulaoon outstanding would pAJ
only ibc sxtue aggregate Of taxes that The present
bank hav1ns the 1850 oeo ooo Pay. Viewed In ibis
cepton af ErecetstuE Ie9al tenders for
custoHs, conta.ua the sxme general ica.
turea - havc been advocated In TIN TalBChK,
We arc glad TO publish the views Of practical
business meu on these suoteets- The questions Of
currency and 1eaunpsiou bArc been leSt Loo much
70 The juggling Of politicians, ard II merchants
and bankers will get more in tbs habit Of putting
tnetr ideAs into writing, tney will od snbs It Win
not only cieaf their own views Of these uArtsr1
tut will have Its weight With the community Al
large. .
The local money market continues rather 1t1tn
gent. though nj nrstclnAa borrowers get mone1
without ter,ou1 dIflcultJ to eone extent Of thcll
applications 1t tho regular hAuk rates, and. on ths
Nhvie, there 4ccms to be m ea4taE feeling TIM
wss appaI ens !ast week
Tie dow Of cusrency to the country wAa quit,
largo today, and should II coos,nus NJ the preseu
rA,e for several days would make i lesdct
scalc,ty here, ~ tho tpnuI from the country docs
not aeon 10 lnc1eAae In rropartloB.
Exchange continues tEm At pas for a&les be
~. cn banks- At the EQUATOR. bankers sell 10 cua
tpmcgs ut lilo premium, aud take a. t.l0 dis
count.
1ho Ch!csgu STOCK Board held IL nrBt regulA
sea,lon tnis afternoon. n . O'Clock. There VA
bot \ t,.hs AttsndAucc, b:lnG but about thtrt
members present. Tho whole New York lAt Q
railway .socks wsa called, II well ~ the the IA
Of gofernmen. ani localEocks. Tho o1cr
and bids wesu. however. wide apart
and there were no TRANSACTIONS nAde
| There was, however. considerable intcrc1t manl
! fosied In eltahlhhiug fulta IN rczsrd 10 tho dc
I livery Of stocs, which II 1t expected viii bo 4ol
! when morn general interest In the transaction
| OF tha board shall have Been "worEed Up" b
! its nenoerz- The following rules were adopted
! on Ail "tInpo " s2leI OF purchp9es, tho n1nbe
Of days ahAll b given instead nt seller or buyc
| ashe month";
| That Irregular" sAlcs Or puYehaacs shall
competed during tho next sucecedlng twenty
! four hour, and that "rtgulart and "ca4h
| rlll, he syLoryMauA tetms~
| MeA6t1. +. N. rhetpV, r. \. Steveps, and Jnn,
| White ~exe elected tnamoess OF the board.
The following tAhla g!voa daslera' quotAtaoE
! for tu,1nx and sellinE government bonds. locs
stoc1s, god, md sssver IN tna market, shts ave1
noon: tno scmtsunua inEcrest periods Of tn
United esa,e& oQpds asv also given: