, 1870-01-14
MONETARY AND COhlMERCIAL.
EUNkTARY.

1uGRsDA1 ErEMINO. jan IL
Schemes foF regulating the currency c1nucus
70 no'fipl1 IN corgre7s, and though, In general
tetrf, the !cee- embodied IN them 1re cocyerg.ng
toward Eotue degree u uniformity. 1t Is evident
tiet ro conc!ct 70 res"uro has bean proposal
yct TOO manyo! tnose VITO propose schemes
fo5tpFFnSioc tho cur-eccj and for refucd.ag tho
acSs q. lewef rsse Of Interest,", have sakea II for
granted that tho Ss:' mai Bank1 must necessarily
costtEuo IN II" -s!cess, and that tney will
Increase EfG.; r 1Ate OF tnte1cat on
lie boEas. u !! : srstcn OF tsxAaon and regu-
lliio1s. = =. tl.s c-ntection there arc some
Eere!a'' -'Eeoos @b'rh ~Nl have u be kept
caLtf1na jt1 '-.@ 'c krc re. 1'a:ioa OF the bark
euIrfScy, a-G II G.rstE II up to par-v;z, thSs q
ctnrcs n lie propor.locs CT tauonsl Bsuf no,ea
hd 9see1eacl,. 80 as 10 decrease the latter aud
:nc-s1e the 1eitner, Is RI giess'uR toward afcc'e
pa! nen.ss ttaf, r T. "a fought 10 nate tais
charge t7o Is:l1iy, lie National Bank, instead Of
hc-ea7'rr. a,s tsn'-tse. ard contraction. not
Only Of The e.eeahscs', tus OF the Natloual BANK
1otes, world tz!og Oh monetery c1lats; t1as
banks Will Rot Ac1sase, and viii 10. Increase their
ciscufa!io", rr'ee1 there "a a pro1r IN It equal
T. tstt % o;hsr inyc:tm- -nr'; aud, nna1y, II may
te es:uT ec :ntt ;ie pt.zcirle upon which b1uk.
efs tccMe teeE selves against lols when
itey leld EoEey to ttels customers, can
clio be spr.l-l II tae tsnkell then.
Erlyes wae1 they narrow toc'r ci-culAttng
notes OF Lac ecTel.nenr, VIZ, the deposit OF
ftiiate1di RecSry, which IL worth more In gold n
the aftet to1u the an3lnt OF the circulating
no,es Trey nase borzuaed. Wary "collatetal,"
tecarse Their lI lga In the depo,lt OF bouds u
collateral, With thstt promise 70 redeem on
dems1d IN i1Wltl cryrenc5 OF the UaIted
etater. ntd falo.e to % thai, Hequ'rc- the sale
Of the bo1dA IL Lbs ms.xer. which iupuea a
greaier los TO the b.n.et 1hau 1t would 10 te-
deem bis notc even N gold It's paia snst rho
motive Of p!n1t would make banker keep r.
deuptlon aiwa5s within his power, and II the
tauk crIie1cJ Is fefeemsa!e there seems no oc.
c2tion for placing legal l1n'ts to tts volume.
MOS. Of the Tree BANKING propositions now be-
fee TIE rcope contemplate the issue Of bank
cusreCcY On security o; t3nda beosing Al Low a
rate o: jnis"e-s as or ~ pes cent. The new
bill which, !. Ia Eald, General Schenck u about To
report from ttc Co1wtt.ee OF BautiuC aud Cu1-
rcteT vii &C. u Is believed, contain that festu1e.
l. Ii probao.e lnas, With reasonable taxAtton,
tarks ran 10 r-"-.-b', business on that ba.ta,
but a d,t1cotty will he met with In the e1-
charga OF the securities now on deposit
~ tho banks 1ttuplea either tue shro z.ns OF
tue greater PARTON Of four hundred millions Of
borus low deposited by the banks upon the gem
eral rsrtet, CT else the d!rec' exchange Of the
presens std pet ceEt bonds, With the Secretary
OF tie TnMu,5. for the new ~ ger ceots. In the
latter cese, tie price OF bo.h bonds would noces-
ssrll> be F,bi.,at,ly n1ed BY copgress, which will
be fonrd - BIT uose delicate point thau a! nrar
Bppeaff.
Dr!1ess 10 the characteristic feature Ia foauclsl
matters aId IN trade Neary Ill tiad, Of basluess
are Affected with The general apathy which extends
Throughout the wr dc county, and which results
partly from the disposition OF eyeryD0dy to walt
and ice what Corgress Is go1pg TO do about the
currency Mtotr eliet.rg into aDy4nve1:meo:s or
rnLsrpr .cs. The ratrrA tendency Of tho price Of
eold acd consequently Of currency pr'ce1 genet.
all5 - downward, rad the balis N New Tork
Eeem TO tcTe found It lmplactlcable
to carry uut !hclr tc5eme" These genera.
featrtel 1etsc.ed n the tla1e 0, the city AID
IL LEGAL nla1cc-. U1gke-a have but little mouey
10 Ter d, ut they nrc ous Light demand, h,cArc.
there !, no speculation, aud tue o1ly borrowers
are those wao want money TO pay debts. Moncy
Is Lot tight, hus very hllght Increase of the dc.
msnt would make 1tto.
Exchange cont1uue. 1rm at 80 cents per 81 0oQ
premium. AT the counter, t.okess set ar i.,c
PREMIUM aeo - =. 1lom par to 10 discount.
A. tie SOCK Doard, to dag, sales were:
o.co0 20 U. s BINDS, 1851. .1I4a1
Tina following Gtds md uIferS were alan made.