, 1870-02-04

t With nn eaunated cAotta1 Of 50 on, ,oo0, and tFo
Nnttot NJ basks. u b A. aK2ttxate tsp;tai 1I H..
5000 matinF over $50 esS 01o IN al Manph.s
haa e!esen pf.vate bltks, With Al esr-
mA'td eapfA u 81 bta.ooo: ono stata banI,
With cao' n o. ,oSo, asd 10 4t'oahl gaaks
with 1t agg1'gste CAPITA Of &7'0,0a1. Ensrle. IN
has tuelse prtfa hans viva a F.. e.una :ed c sot-
tai Of s. 400, ,0oo and txo National Banks, vita IN
aREfeka-e cap III ol t5as,sr4. TAXING these az
nre. al a falf cTtet1os f1f os1er pla:es IN the
South, II Ill Be teea 1aAt sne basiaess OF bt.EtnE
10 sic cst exclusively in she haads o! S;n.e banks
MO pirate hartA. y ho PROBABLY, N Y 10 lnda ace
nrL, to cr1an'zs ~ Sat,ansl Ba,ks aol oecone
subject 10 1ue m1nJ Arbitrary regulations OF the
fauotA eant'Lg -gs.cp, uul Nv tueJ cou'd have
The psoo's Of c:rcslAuap. TIE iaan4 Of notes
1eoeeu able In god under tae trEulAsiona
tt the Sst on1 B4nt pR "a = provided for tu tho
SsLatf Oil Won Tot oe 20 probable As II Il On
lie present Rreenhack bak1s Of practical non-se.
denptlon. but - II would meet popular deuAud
IN thai part of the country, and <s It ~o7ld still
Be probable, there eeeens es*ou 10 believe tnat
TO sc1e extent thu oA,:s OF h1nk taa1es waald
eoon be ad!p!ed IN The Soatn. The genetA, law
that wheo two cu1rruciet cons IN co1tac@ k1e
poorea. drives ths beat OIL OF ltc1aaop, doeA not
Asayt bod gooo, ~ u sho "a IN the laatA nces
oI CAMotpM AID OF Tex11, uAfIe, not 18th.
standing the Inconvenience OF coin circulation "a
coupMeo With paper, tho people have practically
eaclIced Rrrcthacks aod SauouA Bank notes
from circulation 61cn specle paytnx banks would
also probably ~ established Ia Nav ToEk, tor the
on1hie pufpose ot facilitating Trade <lta the Co..
tou States, knd Al meAas OF Gambling IL The
price OF gold TIE baakA OF thai city nov ho.d
~, COZ IN gold. AMI, though ths!r gold no.es
would Circulate ony peH II home, OF else IL tue
Southern Slater, they COL pas,b!y Keep $Io0 olo,
ho Of Rn!d DoIsa n clFcal2soa. Tals YOU ne adF-
ever, mid be auojec 10 The continual pressure
.k..-.-
SAtcnsl Bank nosea which would becor ne rc.a.
latisey Core abundant, as the ted Of ,ue,r ctrcl-
la:ion was contracted Except IL The sections OF
the country At3ye Ueauohed. there would be
no kltd Of inducemcnt for banking cApitAl to be
smbAIked IN the iz5ue Of notes redetmah,e n spe-
Gle. The tFSt Objection would oe, thai the Stf-
ate bill requires every Ssttoual B1uEiux A1aocl-
alton ctg4tized On this naE3 10 receive ln pay
ueut Of dcb:s the notes OF csasJ DINER h1nxlng
A4sociaEop, whose notes are lAsaed
on the same bsAs, 1t p1. Tais
tn n fact obl'ainE hSnI u redeem IL o~o OBJ
snt1oos IN gold colu at Its ora couurer, bus pro-
htbIts IT from demanding god coln 1t Its o~u
counter Tor the gold obligations due 10 L. This
u Also one ot the vols1oas u I.gn: principle Ia
lhs preaent National currency sJa:en. wn!ch has
No bad effect ~ loug ii re Is practically no rt-
dempunn for National Bank uotes, bat which
would become sppateat a. Anoa ~ redemption Of
National Back npies becAmn operative. II the
se1a,e bill should pasa she House, and become
law. one OF the nrst entcta would be great hucso-
ations In the Price OF gold; 9satuai!l there would
be q eonceru Alton. AID N lncreased Foune Of
tie present currencY In the Northern State, and
ultimately this would ooltsc the governuea: to
take some steps toward reIlr1oE tho lrredeenAole
srtenhacts.
The money uarkes continues 70 present homo
tlMc1i!ops Of p,ogrrAs toward 81 easlaT coudl-
t!on- The5r u atnl consldctao1e difference In the
feeling ut different banks; but Independent OF the
! an1tEcg Of the load OF produce sad proF,alons,
| anoup the cuxtomets Of different banks, which
u4de eouo irregularities In tho deunaud for .non-
ey, consequent upon the settenen'a n the oe Zrn-
ntng Of the mouth. the majority Of the bankl % y
! report rroDty ea1y. At MI Of them, regular cEt.
toners get all they AEe entitled 70. without dill
| cntl and ut some oauka the suppiy Of dtstciasa
psper olered Is no: equal 70 wrnt would be tateu.
The now OF curfeuc3 to the country II light, bat
| ~ lhtfe had been yerJ liberal shipments 70 coun-
III oanks up to the beginning Of lhe present week
currency 10 rather echfce.
Exchange has beca selling below par fos some
daJs, ortpg principally to the demand for cur
1ency but a. the county orderl for currency have
fallen ca soUe, exchange has heeome hrmer
Early aslts were made today a. boc disco1nt, bu
At the close ot business Is could not hare beez
bought !ess than par. AZ the counter banker
Fell Ut par, and buy At lilo d!hcount .......
The price Of gold was Affected today By IN
passage Of the Currency bll in the Senate ycs.ei
day, and the result was decline to 12oH. Bond
also eIpet,erced = decline, partly from the edec
| OF tho ceclce IA gold.
Baslress II the Sock Board was nominal to -das
The following otfers Of hsocts aud BIDS for .h
came were rade-iu connection With witch, l
ray be well to remark thst ne:the- the price I
which the htocss are offered ros the prices bid
estaol.ah market price, hat only show the iegre
|