The New York herald., 1869-02-22


The imports Of dry goods for the week and since
January /, 1862 compare with the corresponding Pc
RODS in the two preceding years as foilows;-
For The Week. 1867. 1868. 1859.
Entered at port. =. 1857 312 s2ooo24s $3,a95 sos
Thrown on market. 2,7oS,ll1 2,s74,s6o s,i2s,9ae
Entered at port. 1S,ss3.75o 11,s5sso2 15ool.7s2
Thrown ON market 17,o7s,O2o 11,59o69o 1t,537,2o2
According to the Cincinnati Enquirer the West
wishes the total repeal OF the National Banking law
instead Of the amendments which are pending in
Congress. 1t says
the house OF Representatives. Various amendments
and notifications Of The law now in force have been
submitted: some woud memo u mere otners Wouu
put patch upon 1t there one would equalize the
amount OF circulation between the sections another
would oppose it-have it all in the East, and none
In the West. one would Increase the amount OF Sc
curty OF the banks; another would diminish It, The
people take little or interest In all this. These
financial remedies for financial ills are all upon the
surface; none are more than skin deep. Not one
teaches the source OF the disease. What
Is required Is thorough eradication. OF it,
IL fs not so much amendments to the law
which desired, but its entire and total repeal.
Yet not one member-f we except General u. i.
had the honesty or courage to propose 1t. The whole
h0use--the whole Congress--seems to be under tae
TWO thousand OF the banks. Thcy sway $500 900
OF capital, or more than twelve tunes the
amount OF that which was used In the old National
cause 1t dangerous 10 the liberties or the c0un
try. Their iniucnc: upon .egislafion seems to be
onntp0tent. 80 FAR ~ Con <r.ss can prevent It We
to 20 intesminaDly fslln rear 70 year. giving
these banks SsJ.0pJ yo1 year 70 fsrnsn the people
o currency that the S0ycf.x. nj stseii can DO Tor
nothing. That Is al ssssre n IN the national bank
system.
The same paper in It's financial article character
,zes the money market as folows:--
. We have still TO report close money market with
indications OF reiaxasion. In some cases the ap
pcatIons were moi SO liberal as yesterday but there
~ fully as much acceptable paper Offering as the
banks are able 10 accommodate anu most OF the
discount houses are combining their attention to those
wno have claims upon them. The high rates now
capitalists 10 enter the market, which has to some
extent relieved the pressure on the banks, and
heavy borrowers III several instances are negotiating
loans In New York through brokers, where they are
aue to obtain money at per cent on call, with first
securities Us collaterals Here rates OF interest
are very urm Between bankers and depositors 10
IL per cent are the leading figures, but IN the open
market u u Ia per cent u month 10 obtained The
dcnaud IL not conIned to any particular branch OF
trade but Is well distributed and Oh regular business
paper.
Inc market for exchange remains dull. The re-
ceiptS not heavy but there Is only moderate
mercantile demand and the sales are hardly equal
to the receipts. some OF the banks were again COM
peIed W sell exchange on the street TO raise
rency, they not willing to accumulate balances
New York In the present condition OF our local
money market. The current buying rate was lilo
discount, though some outside exchange was bought
NJ "a oil.
compilation OF statistics the subject OF British
taxation presents the following interesting sum-
mary
from customs Is derived from seven articles, and
nilety-six and half per cent OF tile revenue from
excise comes from splrits, malt and licenses. The
figures Tor customs Tor tue last Two years are these