, 1869-02-16

Interests OF the community neemed to justify It.
Altogether, the bill IL En exc 'EG! 0nt. Al d,
Bhcnld II becomes Law The general N tsy mat
kei OF the ~hole country will work N 're eve al,
money Will not tecume 80 tudd'rlf a7uEdant
every Japs sry tut II VIII 0: be brought up sith
eueh forna turn Ia dep:e nhtr al December.
The neIt two ttla passed were: Ote to pro.ib-
II the cettiHeatIou, by National Banks. Of checks
Of parties who have not the fuEde On depoott, aud
the oshet to pr hiult loans on EAuorM Bank
roteH and g1eenbscks deposited a. collateral ee-
corliy. Bu,h Of rheee EtasrTca are lnrsLded 10
oin:nlth TIE f:cllluee Of the etocE gamblers IN
Wall street tor creatlnG either plethora Of
strtt Reney In the money market Whenever tautts
ntlr uuspo.ss 10 thus deIatke the businrss OF
The whole county. Thess two bslls touch the
piae'ical blsl1ess operations OF uo0e bat the
Wall STREET ta1 X, bat Fill Eare go-d effect in
R.Eesal, AID IL Is to be hoped they viii pass the
Sci ate.
Every enc Of the for going proSie1ors will have
e cd Effect f&l Is tteJ 70, bat thsy IRE little
like tie legislation which PROHIBITED nau from
whipping bis wife With a stick thicker than hia
thumb. instead of for olbidding him 10 whip her at
all he eouid kill her Jus, Al we'll with stick Of
that tktekness-lll he had 10 do was TO whip
ls1ue longer; but 1t was legal whlpp'rg. and 60,
as loIg rs the National Banks aie pe1mIt!ed TO
psy tntt rest eu The depoals q other banks, Just
so long the money ef the country will be poosed
Tito New York IN The enmmer. and loans Of IT A.
mosr thruet into the hands Of brokers BY tic
canks uEo Eaye bid four per cent luletest fur It to
thetr country Correspondents, and don't know
what elEe 10 do with II. Western bankers c.nnot
Atn1d 10 bid for the balances OF thes co.resp md
e1ts at that time, becanse ttese Is no use
10 which theY tan put the money; and 50 the
mercy gees to New York. il forced upon tie
brokers', a1d IN order 10 absorb this unnatural
Giut Of monty, Elocks lsye 10 be Watered. AID
1he whole TAIN Of gambling and iuha'lon follows.
II is great ply thai tbs Committee On Banking
and Currency cannot Fun up the courage to etrikt
at the IT OF oi the evil, and prohibit the payment
Of tnttr<st on d.l,ostts BY National Banks. They
1sy be sure that everybody cut Of Wall etreet
nill thark them for such MEASURE.
The fourth bill passed repe2la all existing parts
" acts pndet authority Of which Uure Cnlfed
States bonds thtn are low In existence might be
letusd by the Secretary Of tho Tftasuty. Tnis ls
sl.o yess jud:elous step, snd It's passage BY tie
uoote, toHe her with General GsaLls a1nonnce.
n.n. Il Lis economical policy to Be pnssnsd4 haa
tsu wonderfully etlnu1si1Eg effect on the price
o. bou.z in London. whese these facts
kaye eau:ed TIE greatest advance IT,
day Known since the WM. The eame
OIL prohibits the ps ment Of any con,lnlfe!on to
any financial aEeut lor negotiating loals OF The
rovs1t ment or On sales of gold, and requires that
tie 1ls, thsli BE- neret,t drne b. advertising for
ride. an1 the sales Of god shall be made at pub
lie 1uc:.on, OF when tic lusIic are to hare due
no1.e. Eolh o! IT, Sc pruvtsions con.s 10 late to
tave ten OF aitceE millions O. the peoples money
1h1cn as been eobb.ed up by the Treasury ring
Of broktss t1t nat tco late to DO some good 5ct II
the ulls It Gu d pass the .enate.
the activity Ii The Iccal Money market con.
situe: 10 tnct ase, ant money Is workttG quite
c!o.e at nHuaber Of the ks, while at one or
tso It Is ttgtt. The principal part Of the In
CT ateu demand cones As before. IRON the grain
arc prostslou operators, but Whol sale merchants
SIC also ask:ug for more :hau they were week or
two ago. The comparative scarcity Of currency
tu. also helped TO dt rlete the supply Of loacaou
;uto., cor etder.bie c It has been eeu: to the
country In the last week, tor witch reisner PRO.
Ccee Lcr bills OF e1cha e., nor any her value,
ha. Jet reen received Ia re.rrn.
ehipu euts OF cuneucy to the court1y were COZ
t:detn ly in cxctss of the receipts aga,n to~dsy:
| The pank1 who hate shc accounts OF rome Of the
rs,lroad ccmpanfls continue TO have fair suppl,
frs N their ocp si:q, but the aggregate supply OF
| tie market has been greatly dim ntsned.
E1cha1fe ~as conelde1ably lower ts-caY, ant
was freely eatssd at par By shoso who we're shor
OF currency. The majority Of salee. however
| wire made between hanks, At CSC per FLOOD dis
cunt. md II the doR OF cattcucJ 10 the couutr.
continues will probably dr. P to still 20 yer figures
| II will now soon b. time to expect the usus
spftrg movement o! grain, ard II Is Eot unl!zcj
thst the present tendency Of currency and ex
cearge may be the INST indications of It.
Tic great advance IN the p1sce OF 9overrmen
Bcncs Is only verifying what The TalauaE ha
been predicting for The past three months, viz
ttat, between the ftss Of Janusry and the Mst {
I March, the b71ds OF the United State
would advance to higher plane {
/ prices tran ever befare. TIE 1nue I'a'
| carse OF tho advance to-day has, prob ably, bee
the passaRe Of the bill BY the House, given abort
and, as the advance, on the strength Of thu. bill
WAS vtzy la,ee, psEt Of It ms5 ba tempoIar.'
iost ugala; J; bat the great nnderlsing cause OF th
advance Of about per cent tha. has been ol
taiued within the p4st three weeks, Is the in
! proud credit Of the government
foreign moIc1 markets, whess OF
bones aro now quolc1 higher tha
| ever befo;e since they were tes1ed. That the
will 70 SIN higher, ard before the end Of tt
! year stand at price much ncaree par, scarcel
admits Of doubt, when 1t Is taken into couslt
craton tia, they produce to tho Eatop.au cap
tallet Ebout three times ns unch interest at the
pretent price A. the most profitable Of other sccur
Ties offered IN thotc markets. There may be pa
ttalrcacuon from tho present great ADVANCE, bnt
will undoubtedly be- more than recovered, 10 t
succeeded BY etlll h1shes prices.
Dealers rates for buying aId selling Cover
meut Dopds. Local stocks, Gold and hilves In til
n1fkct, thia Afternoon we're as buIow: