, 1869-02-23
FINANCIAL AND COM MMERCIAL.
MONETARY

to-day waa observed a. holiday By the banks
and boA1u Of Trate. Aud consequently There wore
no tthu-ac:tous Of eufHct=nt uootauco 10 tnai-
cute any change IN tha candlion Of tu2uces
since SataEd.y. Ths cl,stnE quo.ntoas for az
change oa sasos lay wes. SIC fo, $t>o13 prcmt-
I'm, At about which II will probably open to- nor"
row.
No Fotelsesaphie qaoauona veto received from
New York to-day. The usual London desp&tches
came t1snuzh. however, qa ot!us Uaited Sta'e
bonds at 79t,.SS4. The tss: 0ae Of these qaot a.
uona ts "a high it was ten ds7a ago, VT, n ooad
aoyaceca 70 raptii;. and IRON shea feactn u
was caused by tho aruhclal etrtnsency in the New
York money ruarkst. Il Is stated By Nav Yark
Joarratr tn It the sudden and sharp ad 5an:a IN
bonds caugat s9s1Aa OF the heaSg OPERATORS laEge-
ly short Of them, and .thst thoy made comn3n
cause With thrlr contsdeta:es tn tho gold ana
stock markets. N i1cksd up ssyeri mtflf ons OF
gTecnbacks. IN DIdae to bring doHa ptlcos, In
which they wero ruecessfal, ~ govern nsnts fell
back one per cent and some OF III, railway It ,eks
az much as thsec PET coat. Tn Saturday Af:cr.
uOon, money had hccoma quite plenty agltu, and
governments hdvancud considerably, AMI,
n bath tho London aud Ne~ York n szk.ts hare
reacted rum tho Ntl1caaI prcasnto 20
promptly, another large A1vancs during tbs com.
ing weak Is 10. impro1abl:. T1e b.l1s o! 1917
have occomo 40 etsrrc, not only IN Nav YORK. but
IN Lon4ou, tast foreign baukers are encouraging
tho pxpo.t Of tha '07s, and arc eudcAvoriuu 10
h1Io thom qnptcd On the London Stp:k Ex-
change. which will undoubtedly ou accomplished,
~ tncro II no. tsst dl1oroucs In tho two osl'gA.
uo1s ofithdieovcfnuent.
Tha but of Mr. Hooper. providing for tho
authoritative announcement by cooyscas tost tho
loans ol tho government wuro closed. and that
no Inokc ,,nnds roull b isauod. and which htl
pared tho House list wtok, but scemt uu-
accouEtahlY dclAycd In tho L:natc II
has beon n5fl,tsd thu tho aonato Finsnco
Cumu,ttcc ws7e alraost uuanltnously In favor ol
Il. nHl thrit delay In yn,o'tlaG 30 plainly hspen>
ela AID 3udtc!u1s bi!. heeua< ltsls attAnes. tt
,bis bill u al!uv:d 10 becomu / law. ~ It un-
douh,Gdly sb ,a1d hc all OF our b.nds wou'ti nu,n
b. Quu,oi In tic ptl2ciptl f5tclga miEkots, and
ptlcss would alv&nco.
In s,. Lo1ls aud Cincinnati Now York Ex
change was selling eta dlsconn. al thn cioso Of
hultuces on tAtntd,y. hnd carrsncrt VAS tear=r,
| n c3nel4crabe anonnts continue to 60 South
from noth cities.
boston }ult no. aaeu1 to be N exception Ito
Other Eastern M0nsy markets. A. II JneY II ro-
portrh tight thrr., whtlc at PILLS !nlpat1 xnt At
Nov yo,k-aincu tho sttlAeiat attlnEcncy passed
pr-Aonry ~ ahnadAnt-
Knmors n'c circulating ia Now York Of hc1yy
eos,oa tallases Ia London.
"Tha prop ,s!isoa Of General Hutles, calling up
| Oh tea Comptroller D: Tho Currency to !etzu by
Whist Au.hoefty h7ais. bas:Rr sn.tfcft ptyA,le In
Rrc.nba ks, wtre bclax substituted tor hondt
bsartps gold interest BY Tue Hhuon4i Dtuks, ~
nasla fof their cttu'at1ou. has b.ea answered b5
Tho Comprdller. WIS says ltlt In aceosdanco with
1 an e1pssrs.d IAN of Consscsf. fendtrs tho In.
| Yntsy, sno Comptroller opp:d tao exchange. snl
| will not Tcsutne 1t until the committee who havo
elasxc oi tue m.':cs hayn req rts TO tho uuuse."
The Msryfant Coun OF .appsa!s has Eaaar ,an
| Important cce,Hon tnst h,nk+ ata ionnA By law
| 10 kcon e araturrt OE lloir cns; otutrs. ana II
| a nauk aecepn \ fozEra ch-ek, ssaa an tauaeaut
holder. It h.cncass tsspocs.oas Tor tas loss, nad
! canIot sccos.t Hf Tie p:tsoa from waoM It re-
| ceistA tho chaek Tna cir :um.IAnecs In the Case
referred to sfJ rrostoa ~ tbs DAttmors su1 ol
the latr. ss follobFt: y IN "A ~ N =
'.On the :oth Of Decenncs. 1ssa, 4 stranger,
c4lllre tilns-if .Joan .. nli4n,' p,ncd m d !.
caurt Win ths tamraerciA! Ard Farm.rs' bsak,
tonA. Bang Q, Baltimore. nu:post'ng - b: drawn
BY ho.ac. Ahsost, ~ <4,6A.15, payable t. Hill
lau's order. The eaeex was asn1 through tac
| the FIRST National Btnk, Without Inquiry. pa,a
The check by crel!iln, III: Gommercla 4! aud Farm
q M as5os ~ "a. az y IT,
! tome,el vita thu .aue. On ii: aa1 the nap Hi.
laI cs1.a at lbs c. nuete.al and farmers nank
10. &, sN. The bsnk aot having heard from the
chick, according. to The usage OF the clearing
house, tssan:a Il was geod q hsd eeea patti:
the a9th that the Firt; Nstlons' Bsnk dis
| covered the ctetk H8s forgery np"n baanc1Ex (
Acoos ba9s eoek, ~ waen y p4q' ~ :, :.
c1al g. Far1ners' Bsnt. and optelutd Judgment fer
the auounr. IRON which the latter appealed upon
caa's ii f re- Ievs:sed The
Of the Court below, acd e1ys: There IL no rta
sou Why the lou, = between pa:t'es eQuait5 IN
bourd 10 know and net upon his kpp~iebee and
the Other has no meals Of kaoWedEe), thouid be
| The Fl h- Commercial 1ilc.
! u vel IS taat most coaIs;eut with |asuce. IL 10
allow the loss to r:tuain Where, ny the courae Of
duty Of knowing the makers signature upun The
plAntle, upon whom Is paEpottsd TO oe drsVa
Greater safeguard. md p5aeantons 9as; es ,d da,
ppnent, the kenn!aeasss Of chssss drawn spon
iF 4An ..eoc.aslonz zof tuauc,ess ana msmse1. .
ra,:iareu: has been formed In Loudo1, catlea .1.
"Counct1 Of Faytlsu Bondno'de.s, y the pnrp ,:s
Of whteht TO ac. As sort Of C1ed!a:oss oet"esA
! foreign RoyelnpeIu, who propose to put ioans o.
| TIE London Essk9t, aad the English p1rea.stt.
Of the bonds. The association docs ~: p1opos;
10 negotiate 1oacs Itself, bat Is sos. ct sc1a!
legal co7n:il for tie English contracting ou'si
who put foreign ipans ca that market. The dutie:
Of the ofee Of mediator. which this council seeks
| 10 1I. arc thus explained IN report Oh ass RoEa
mittec On Organization: .-.... .....
tOa the Introduction Of new fJrtlEa loa1
upon the English raHket however, the council
u Will. on bRtnx applied 10 ~ lne eonttslot os
| a.eut, c.re 4tyiee a. to tbs form OF the bond
with view Of securing Gle u aud bud ~ dosa-
meEt, free from an5iguo1s expEe..:on. and con'
| tfA!.csosy cltpsts, Whc1eset dM:a ties haFd
snseu ~ua regard % esss.1n psos!.l,ns ot =
| spec'tpg tue application Of the SINKING fant, o.
OF spec: q nypotaees1ions. q .! tne Proposed q;
, t1Ac.ore have tsuu1 themselves placed Y
Is most enbattassiae sis1attoa 20 Easd.
! | the governments and bondaol1ers, otins
under certslp ohlitAuons ~ both. On bucs
occasions the ouncil VIII ba ready 10 &c: ~ n
\ ui1tof netwtcn The tarciKu goyeyntu .Ct and III
oondholder~, relieving thereby ths ean.rtcio
| fsen n.A unpleasant and somettuet equtTac4! 20
sl;,on Mos1 o1 tno4e foreign Roscrnm sute VIII
. bare tonn3 ,hensclyss a-aols 70 meet thsts pu1
p7s.iple do Justice 10 the Bsiuth creditor. hav
! ] tr,ed 10 crfse hard har2ais, hnd to tul2oee
, I rNlnous CO aptuul1ac. The cou.eA vii t1pfIs
upon ala forcicn xuy ,fnnaente tho sut:l dal p3ne
Of tnth ropdn:, Ard u will dem 'nsi7ats 70 thug
from the dran. il his:ory Of various States. tos
. the Iot% eusta,eed ~ irarsirc1 crc1lt ana exct
e4on lso 1hc chief moaeJ nsarsete bas tntaisni'
c | h!S cxcrld:i ihs IN rs nbsI4c:r1 from the papi
? crcdttot."