, 1869-03-24
FINANCIAL AND CON nEKClaL.
NOME XaARXs

m0nKlARX.
TuEznAr EvxS1na. March H.
Money coounuss FesJ sulnzcps. Most OF the
banks axy iheT arc Accommodating aocut Ill Vt
the!r tcgu'a. erpoeitozB ye1 to I Reasonable tx.
tert, bat large number who expect dlseounts Do
not get them. Bankers tay ,hit while taelr dis
cnu1s lines ate hfshrr than the average, their de-
y7sits art lower, and thA. they are * oatded II
nccb n theJ esr be md Jet cnmply With tbs re.
qr:rcntnte OF the Law IN regard 10 tescrrcs
Excelnee xN not 20 hr today. Sal Aa were
made b<,wetn ta1ks At &c per {l.0o0 premium,
At tie counter bankers rates arc uuchasred a,
40 pr utuu setlttE 10. New y:tk funts, ard
ITO cteconus hu3lne.
rome Of onr metchaatE who Co not understand
the scope os tic new Is in ferasd to b1.k state
meats Lave got The impression. hst II also L.
c!nces some regulation Of The dssco7Lt., which
1nptessiou has probably been strengthened By
1hc Il ari;est oItpae,Aou OF hankt to cut down
their d1tconut l,1es II the pr.seut tIu.. Fer the
1nto'GA tcn Of these. Te would esy ttt. there Is
70 new regulation IN tekar1 to dleeorn1 or
leans. The Few Law, which rome have rut.c IT,
ee.ved as regulating los1s. Changes nosh3uK but
The tine Of making the statements tho7i1s ths
cnrdtlltu ct The Nttionsl Bank and under this
arrangement the hank1 md It suit their purposes
better to 1--we up TO the law than before. Th.a 10
Qrt,es Ill National Banks in tho t.redcnp.
f1ou etues"--pf which Chicago Ii one
to fe~p coEttansly On band ~ reaerse
rum In United sts.cs notes equal to IS
per cent OF thetf aggregate cise1At,on aod de-
Tostt, and in crder that The pub !c might zee the
ccfoittoE Of tie banks In that respect a., well IL
othets, they were otdefet 10 E1Aks ard pub[t.h 4
full exhibit Of their condition on the 1Est Mon
day Of sch quartrr oil The ychr. The bA1ks took
h htYA9 ~ Ferf fPrt
dsyt, II outh 1t WIS well uEccsftood that they
pad Ic11 little 1ttect,pu to the rtqnher7spts Of
The Law In ttAt respect On the o.tez 351 days OF
The yeat and In Ill sons Of etrngency like the
present they eucroktaed hehvily on the Is pei
gent teter@e il : a:emo2t Gay WAS rot Etaz. The
new Law requires test they shall make at least
FIVE .u,c1enu in the 5ear. hut they are Ent 10
Gutw What dzTs sre to be epeclned uCtil thcy arc
psst, and a1e then Obliged 10 rakt 4 thoW:n9 OF
whxt their condition r1s On 9ny cay or any run-
b.x Of GAYS In the PIE. tnst The Couprolle: III ~
fpfc!3y. 1t Will b. e 60 that no bank !e willing
to .sk running beoW iH = p'r cant
gTtcn-ack reserve. Ter tirgle day, for f.a. ttat
11t<lt b. the veFy 1ay thk. some better friend Of
the law than Of the ha.e would pa: 1t into tho
head Gfito Comptroller to Call on II TO pub.i,h
Etstcul Mt of:&ts condition In o.e Of tho daily
newepate:e. In Accordance with ,ha new lar.
Eorae Of ouf hsIk-rs C. m2f4tn that the7 arc now
obl'Re. IN ioek pr thei: Is Per cent seeessc, and
1Ha:t !e ioet 60 much dead capital. TIE com.
pse!nt. how. yer. betsaYe that there ,1a.t nave
been tiues under The uld order o! a.asenents
when tf.Y old 40. bave /: on hsn!, and tteref,e
did mo- c mpl1 With the ar. According t. the
last qusr tr ttste-a, ut OF the Ssiooai Ba1ks Of
II Il city. their 2kresae c1:cua alou aud de ooAis
WIS $a0tS7 ota. Twent, t.e ps. cent Of this
wou!d be x5.ols,9s5. Their sss'e7eru rho -ed
tnat In the aggregate thc5 had t5.O17.397
IN 'ealh'-wh.ca tncludc1 NAstcn,t
BsLf Aofes. ~ they bad cesef reported their
1eter7e s'r,cs,J IN "lswtu1 money" ~ tbs Law
1Eequltrt. ULaer the old wly Of mixing s'a:e-
1ueRu part Of shts 15,016 IS could be loaned
axt }s* Gay a'tar Tho .ststtrasnt was made; bns
z1pofF the pteesnt feEuhtiM. the b&nks, ss e1-
plAtned seove, asa s1aid to ,e. enJ Of It ou., aud
will pro ahtJ kssp-tt lockzd up IN their vAn.s IN
I'll ihe5.satbtfEet sous ees1s&Ety IS to aka ste
Ccmpttt1AxiVdil call Il etAsem1pts, o. ZONE dc.
vice u tnvtnsed by which tfst can lend the
Enunfy, AID yet, At thA saa t1xnA 44ye 1t On hand
IN Efeeobacks. It should T6osa Ao3sYer, be a.
Euroed tts. the new esdsr Itj 3sinents II
1he cole, CT c1su lhs pttas$px1 ID d1The str:n
hatds 1t farmers fs.ctpl3i locto&aaySt4 10 tha,
Is due The 1ea-cst shsss in The ktognson Of trade
AID The consequent Eghttess at money.
During the wtn.etA lerfe amount Of currency
Wsa sent to tha eou&t4 Stated to moye the cot.
ton ezcp, very little Of Which has cons back, and
much Of which viii NOT come back. The people
os The South have grown comparatively rtsh in
lie last eighteen mMfps. Their icceea'e Of cap
atka IN pseducls hA GfseA them the ability to OWE
knoH flscalsanz capit.1 IN tie shapa o! green.
sh4ckk- md II may .be safrIy assumed ih1t = much
prs7u Of tht paper money circulation Il pet.
1xneEil1 ahsotbsd there thtn there was ye4f ago.
1t wa* hoped .thA. this tcw wealth Of tho South
Toald be msds oLe Of the fneana Of again bring
12G gold aud rtsses srto circulation. During last
hh tha. New Orleans and Mobile paps.s
were u1ktuz Tbs planters 10 stipu!atc 70,
gold In ~ eaaea IT. Gotten. and there was
connaesaua4 45t66,fatnt because The 1sv va, SUD
possd 70: ee!u cou1rac:s illegal. aud the
E9to1 t1Sfehtnts Of New O1cars held uecttoee
4ot tho pRtpeee Of encouraging tho trans sc.,on o.
Tie cotton hu*lress on got1 basis in eol!e ot TIT
Jaw. Their arder, however, .ecms to have co DE
Gown H.roa II W4e discoy red that c7r euusxac..
-uyt ffza.. ThtJ are like The Chicago Chamber d
Eotnna.ee and The ''tedral ey.tem;' tie,
wxItkt It until sheT found th.y could get It, 3nt
then thcJ old Eot waut 1: ~ badly they thcugh1
1heJ t!t.
a bill w&s introduced IL tbs House, yeate1d4r
by Fer1 ando Wood, OF New York, to repesl tks
1lw prohibiting ths ctrt!nc alton OF cheeks by Nj
:1ioual Bark As the 1u1 te: eisId, now, the Law
is. to cour.d 'sao,c extcat. tos1 letter. Tho
est Of tie banks 1hat ae.lre - do 80 evade 1t IN
ene wey cr smother. Socae of our Chicsso banks,
1ttttad OF eerif,lns tae chetE Of psrty
who w1uts that kind OF eceo1 m cdatiua,
%'p's" hts check hr Il stns him the check Of rho
Cashier of.ae bank. II is IN !esssood. ho4eyer,
h.t Tie Law Goes i1tts.1rc to some txtact ~ith
Wall stft Ct operations. Ard th!e aeeoa7,a :os the
1n'todue ia. Of TIE bill BY Nj. weot,
Go.e. Lm.nt bo1d' hare e14n1cd tcsrecly Any
st1ec yet,erdaT. The Losdoc q7o1attcr today
vas SIN sgAnst ssk r. etetdAy.
DtsltEs' Quotations for buying ard selling ".
seErmeas BoatA, Local Stocks. dold ard siI1c. IN