, 1870-02-05

ssmt eaptN ltEsEed IL hasknz On tAe
4p'r cc:. tond', 1n>en It IL p'op"ei 70 e4.
chs, sc II psr 1os rreenbscks-snch Ii 1ses
tGhuiLE Inc gfre1hsc1s ss I per oeos:
BAkxIs0 ON 8 PER cEhT h1sps.
tito too 10 ere-nhscss ingeSted IN 10 oopos ~
Eay, ia .,l hey Isl, ,so7 Of bopdrt which Will PAY
$>.sts gold ta'erts', .gua!-stIa gold 81 s'-~
II Ia n cnrIercy. We nave taen: ave,
q ssi ess.os on II 1 20 n.i rea on oood, sss
Nh,ch, lonneo ii 10 PER cenk Jfe'ds...-. 4tss
ro,,, .......--.. ..... tu,1as
Deeutt tes cent lax on c,Fcrls- .-oo
1lfr,esi o. re effe against c,lcala-
luo.. ..-.-.-+...,...-....---..'t As'~ %-xs
PM, ......,.,. slLsss
BAhx1ko ON PZA ckA- HoShs'
tioo.No In Rreehbacka funded i11o Pes esoA
bonds NJ par, 1e,uIIs Il 10 gold interest, eooA-
VITA GOLD al 1910 q, SO n ceHeneJ. We lave
then:
Ctruas,oo, =, ~ pei ceitoa nosda. $1,000: ~.
which, loaned II 10 per cent. 9fe1oa''..''' wv
ro.,, .sls. .soo
Deduct Isx oi pxs cent on cdcala-
1stsssss on isiefvo sa.iiii eienli~
ULn...... observation-disclosures. @* p,x.
p,ont Sle,e5o
IL both Of The fostRoing Instances the capital .
ELL subject to local tsxstton, bat a. ~ osaeE
pfoniB atd al o'heG c1peEsts Tculd % otaueeseo
hy Any change IN The rate OF !nteteM ano price ei
.hr hi eds. The above u fsls sho *iog o. al tae
dla.rruce that xonlu be made IN The pFunt On the
cap,ts1 Of Ssl.ouA Bsuks BY 4 change - per
cent bonhs, VIE; $40 on each at09.VDo Of capsta+
or 4 little oter Z Of ! per ceht On INC
capital .tock. This woald still leave
N.t,oIal Bal k1rR 20 profitable that, II nAusing
were continued on the present basis OF non -re-
de1 ptlop. tberr wonld he great Increase ot cap
Nal instBted IN Sstona1 atklpg. and great u
create Of bank cucu!at on; bnt a lhe ksoe OF
tant 1os could only be made concurrent with
teLdiI Z vi AL eQaA A1Ount Of grteooatks, AND
~ rte lAsce u talk 1oIes also implies IN 2ddl'
tlot al contraction Of the arecLbAcl circulation 70
the auount OF the p per cent reserve that IS re-
CURED sss1nst lie Sas,o:al Bank c!rcuiA Ion, tae
eject Of rne MctsaAe OF bank clfcnlauon would
be steadily 10 contraction uLtn The Sa-
t!onal Bayk Eoie3 had increased 10
a,oui Sax, Geo, lrs:ead Of $50 100000. as at
pTsxen At THIS po nt the 21eenbscks and pet
cen's would h4se bcen reduced to. s1J, sso. .0oas
co. TT l7At about enough to furnish legal rettfve
| ~ at 1t tie ceposlts ktc ciiCnlation Of the Sa.
tlut al Baots. Gtet nhacks would then be nj pa
| with gold. ueIe the contrac'ive tendency Wotld
c re>eE=eo. becsuse all ircfesse Of oAnk e'rcula
soo Wou:d oe upon i spec!e bsss, and gold wonst
circulate ~ eeM n paper. specie lt1anpao1
would hare been accomplished bT natural N
| 1truls1 rEocsss. TIE rnte At which xa 1noult
! r,esrsss toward spsc'e resumption ~ IN pro
tets weu!d also dtpend entirely npon the wi
. Of the bua.nt1a community ssd the caplA
Of the county q: large- This IS 9rea
IL p.oyemen. on the cfst par: Of the bill passed
tpc Senate on Wed1 esdsJ. which provides for q
: L. create at &laWo, ,t00 Of National Bank curreac
: On the same oasis ~ the present c!1caatnr.
II the Chicago Ttmts can Invent no better d!
: fCIee tcr Mtstra. Munu L Scott, Mut ger, Waeeis
:. | \ Co and the otter rsrrho0acuen who are ol
| Yo4ed 10 reform IN the elevator business, tha
: ftat the railroads threaten 10 force those gent
: neu TO take uote grain into certain Of their eli
i ya,oeB than tbs elevators will bold, tho sa
! wa.eoousemen had better pay The Timts to sc
4 defcL dtr z Them and attack the ra.lfoads.
l. Tho LEGAL money market Ii in q rnodesa*e'y eal
X condition. Tae demand for loau1 Il no. vsTJ 4
!. ! tive, and the banks arc accommodating all reg
i. lar cusome.s without difficulty, Deposits AZ
toaever, 20: lncIeasiug nuch, and the tenden
II to1a1d greater ease u hot rcfg positive.
!. the open nA.Eet there Ia good d.
4 Of norey offered At from to ~ per cent =
"a uot;n that ttds Eo tatere. Those who le
T. noEey Gu aide o! tai Ii have been 10 lorg accs
n 1oued 10 gettitg high rates that they dena
T. T. 1heu set, but good paper Is getting more scar
.. ard 10 per cent per nuuum Is the heaviest abs
OF TO VII ch bo1To efs will 10 submit
e Toe currency movement between the city q
l. couttrJ ts light, and tue receipts nnd sotpne
n. are about equal ..
OF Exchange xas sold IN the early part Of the
" between banks At 5Dc per 51.ooo Discount, but
= isfwasus became nEner, owing 70 the small
=. ply Oh tie market, and IN the Afternoon Was
er. strar, 1t tue counter, bankert AeIl at pAr
Is. take at Ito ducount
To- The folio IDR offers OF stocks, and bids for
=. saue. yste r,sdp ut the Stock Bos1d to day: