, 1870-03-15
MvsEIhkY 4Nlt CuMAERClAl.,
MO GBTARY.

A11NAA no opkA'o fQs0.ok H'u PAA lN1 dVasa1
ana eeeouh law, n v,u IN al prsbAo Lty n4ye
sae tfftcs 10 brat up Nattnnsl b.nk.g. 10 Eseas
ex&ea1, ~ tao West. Taa oui reqofes sa&t III
fstorat Bats snAll, vtsain ore yoar tron tno
dafa o. ~ pas.age. NtkaofAw thar 8 per c.ns
n-so bo1dA deposi:ed 70 tecaro circulation, sud
Ahsr. IN tnstr sseed. deposit tne nex bands pro-
F1eea sn1 ia the NIL ceAzsog t. *, and per ceas
nkfef,-maux tho avkftga Ilte.ctt OIL tne,r
ootda ~ Der cen, 1nsts24 OF 4, xs ss ptessu;;
ADJ On taese ~ PEE cent bonds .ns, anta reed,e
ony 50 per eeas Of circaltti3n. Ia
stead Of % per cant - II pres-
EFT. Tbs * peF CO bandI aed - pnc
cent Ut c'fcu'As1sn TO loan Al, saJ, ~ per cent
Wnod make tee folio Sttg Ieturo 70 tho nAnEs On,
SAY. Sien.eA Of capita, t1Tsstsd:
roo " 10 -. g. es1 ,ss'. Ssa. oouss e.Is 20
e,too cuc1iAtloa 10 :oan y. 10 per crnt,t. Oea
sls,a,,
tax op calculation Atfo1..,........,,4 80
lt't!ost oh tcaetvo nel1 sdA.ns. CT.
Hets.-.''-.+s.ss...-.-..... .fi1, 100
Tue above shows ktAt Il tue natsg keos thar
ctrcuneon sl.s5s losned It 10 per cent the re+uta
On espstal invested ro"ld be 11.l Oct cant; bat
f1em this urust b. dedue.td An AyefnS. OF per
cent for esste c1uat's ct., And other locAt ksxA-
tlon, WHICH fans ore heavily Oh tas csp4sA or
Ssuolal Banks thai any o-hee form OF ,nyest.
m<nL bxcaale sas amouat Of tnelr csp,.AI IL
kcowu, 6td u more Rcceatio!e for assegsm.at In
Chfcako tue segrsHA'e or al tsxes oa NssouA
BsuK cspr n 10 near Iet cent sn4 On II balia OF
* per cent o3cos a.d 50 per cent OF csrcas1oa,
the rer rttufn 10 the bsaks would "a oply about s
per csn: Oh their ctpraT T1eso IL no donar mat
a'a1ke proportion Of the preleus Nas1oaal Ba1ka
N lre Wets Won prefer 10 do euiineN undsr
Sta'e coaZtesh 70 adopting suca uxAla for M
uotN Barsinx, becsu'e, BY organizing under
state cnaStetr, OF dong business ~ pt1vAts bank
err, they cs1 fo1rsRe to keeo lsrks po5:loo Of
tier esptts III govern Gent oonds, aad, oy cnaZ!pK
rne nomttai smoose Of toen csptsst CD up puAnve1y
81 81, ctp manage 10 es1dsa considerable pto-
PORTION OF tho heavy local taxAiioa which ttsy
cun not do - Sa,ioasl BnkelA Tue cnulm:n
inp1eeA,ot n regard to the snpooscd larse ptoas
OF Nttlon.l 8aLka 10 Rsne-al \: pressn. Is incor-
rec-. 4 f-u Teals ago National Baok1 paid enor-
Ecus ploan, and evea u2 TO q year
$50 p6sd Ia geceTa& h:oak 10 70 Il
per ce1l net. tskrE the average Of tho courtrv.
out that VA wneu ttey could sell god as from
40 = tsc A7d 70 make tho gold interest On ,ue,f
per eeat ooscs ABOUT equal to or9 per csnt IN
cu1seIc5, and vnan local sAxa'lo1 generally Wal
uurh lighter thbu It Il 1t pteseu:- Tue rednc 1o7
io the rAte OF irteress On bonte, ana IL the psr-
centsse Of c.rculas1oo. w6u,d an4ct the ooant11
tA,k. nars urfa. orAbt1 than city banks, becluze
| tie COUNTY, bs1kk teee.6 nafe Oh the pronts Of
lne c1Ico1aao2t and less On general tusdetE, thho
Tho city LIN II d this EoaDt.y National BInkx ia
| me We.s on PROBABLY oe tho nrst TO give up
\ the eJa.ep. In The Now EnglAnd SsA.eA wheit
The 6ggre9ate Of local ts1a:on Ia lesl shSn At the
! West SEQ where capital II coekper epd roaey is
lcAted at lower rates saao nele, NsroaAl Bsuktna
would oe oopuLued, aud. undar ta4 {rs
oaufink c,aaso Of aae Fardng btu. would prooaol]
1Ecseaae, but 1Do aggregate Nalousl Bank rca
taip. wculd b more ke1J to diminish beto r IT.
pfeAere Volume Of Sex, 600 Coz. The bill provide,
Aat II the lew ci1cnht.ou u i1sns4 under TIL
net corresponding amount Of greenbacks shs1
| be Ietued- Ta.a sccEs bated oa 1he assumption
tha: tue Nsuot Al Batts %ln Mcfesfe tae!r drco
lhtiot uneer tbs proposed lAR, thus keeping TIT
| totxl yo:ume Of circulation someEhere pe1r Hnest
II Is: bu:, II the total volume Of National Bknl
circulation u diminished b tuuoess Of the bapsI
sprrtr troer.L4 tnslr frat chlsek aud II, IN addition
10 fbis, - ntE barls oEasu:xa under The nsw Law
acd atctpt circulation, 4 corresponding amount O
urlted States notes are to ba ca1csl!ed, the prac
tcAl enec: Ct The bill would be con;raciiou oa
lsrfe tcale, bath 10 Ssttoaal Rant no,a4 aod |,
greenbsckt. This feature OF the Funding htll |.
likely 10 develop the opposition Of Inc HouSe ans
result In the defeat Of tee oli1.
1swas gt1eraily anticipated that tho procam&
tton Of the CanAdiAn Government, tuas oa aut
after April Is, Au.rican a1lver cons would bs
I ltK1l kcAaeI ~ LUG aAlJAQt VI QuJ NJ PET CcUt u
lls.r Lcntuai va:ue, would hare little, II sly, ef
S.o ueon their trade vslue. Il sesm'. hose1es
TIA, IN cocIecuon with the desre Of the Canadian
uadtrs 10 get nd OF the hllter, the proc1smAror
has already Fad some effect to MAKE a heayie
dt.count on Ellyef. TIE Montreal Herald, o
March .. quotea silver At ~ per cent Discount
lLst8Ad Of 4 FER cent aB heretofore, and int1m4:e
that the denatd. ftnm the uoised Safe
has eoEe effect to keep tn
discount IRON herv ss,ll heavier. Sons OF oo
bhpker1. here imported coat!dernble amounts q
! stser, easiy lns. week, 10 meet the rec.nt de
nard tot silver for change, hut the cost Of trans
torr.tlon has MADE tue kllvet cost from 100 to II
ID cu,7eDcy, or aaout eq7al 10 gold. 6lIce tn
rl.c IN gold At tho cese Of last week. the dama1
70: 5ilger cnangc has tAuea on- Toe mp7cmcp1
| however, has doue koua good ~ bringing csE
sdssAb.e amoust OF specie INTO tue eanutrJ
| which, urIer the sting disposition Of ths Cauz
d;aIs, will uo. tcaui5 end It's Wat back to Canad
THIS lccal moL*y nlzket shoxs bat iaw aymE
to1a ct cbspRe, and noney IL easy for al ur4t cla,
1 nt1tozst.. The Gram dealers arc no p tne pE1nc
= applicants for &c oumodA:iou+ aad Ge: waa
| tats ptA :tr, o. gtA1n ce!laretais, without d'1
Guilty, >, 10 pr Ct1t. In general. h1s1e4a IL dull
ctttfar1.' sa:EB u Foods arc l'Hnt, because ths
2 cGuLlt1 cuAtnueti al haIdtrg III 10 nee whel
Ru4n ID SosrE 10 ta:tle 10 ~ al average, befos
: tnf make n b1'k Of their puseraAee,
! E1cnbLge "a. ttm to,rny At ft1m &c to 51c p
, ttt00 esea .1c4 70: eates ee.wte1 baats, i. III
! c.uptsr .a. 1trs aeu =, LILO premium, and pay
Astscs $ ock Bo,.d t..day SHES were:
ag re si iea;Ic I'D, acd o:;4 ss:s .lso iasas y.
GOVERNMENT sECuR11iEs.
EbatfSf SxLkerx'