, 1870-12-15
MONETARY' AND C0MNGRClAL
HOEETARY.-

WEDNESDAY EvxxrHo. Dc, IA. /
Tho deeltne In consols and Uoi;ed statea
bopde, tn London, to-day, aud tho 5lse o. gold
in Nsw York-hut particularly she :fornsrl
nhou that nav compGcAtiots are sr;8iug ID
Europe. The first canae Of unea&inezs, ID
London ts doubtless tho zunor Of Acoutemi
plated occupation Of I.u1auabourg by rrussian
troops, which, - tho hfst step tow1zd th4 ab1
aorptlnn Of Holland would 10 vtn we'd By Eng.
land zs unsettllng tho "b&lAuce Of power,1
II. indeed, thAs has not already been ac:on!
piisted By the breahrg OF tbs power Of
France. The ne1t cause Of unaaai1esa!
Il 4. : 10, not to 1T Zip ths present
opportunity when al tho other powers Of
Europe, except England aud Austria, nte PRO!
occuIed-to wrest something from Tnrksy,
- impoFtant. perhaps. rs Constauunople aud
the Ds1dacelles. II thereport Of the mo7emsnt
Vcuid Be 90 well timed With any incresso in
the demands of huasia on the Eastern ques:
ton, that 1t wou1t argue m understanding
between Russia and PruRalz, thst would leave
England no Alternatives b1k submission or
fight /;
that " every banking association nov, or
which may hereafter be organized under the
laws OF this State, ahall mlke and publish
full AID accurate quarterly statement Of its
anairs (Which sh1ll be certified under o1th By
one or mora Of it. oficers) as may b.
provided for by l&w." Tols belug In
iha cnnsttut.on, It now devolves up3n the
l. -gis,aturs 10 provide law polotlne out lbs
m1nber in which 1t shall BECOME e1ecuye, aud
nruvi trg for IN officer whose duty it shall be
10 sec that the fAW il conno1ied with III g,od
faith. In view OF TIE protection Of tho iatar-
ests of tho business community, by safe
eu1ds ag1tnst uz,so1aa banking, thase Is uo-
Yy7rf htt1 %NM. 81
qlitementa in connection with banka upat-
atinG u1dtr our State chazte1H aloue, than In
the czhe Of the National Banks, because, even
it the latter were not required to make any
stntements ut ~, and we're not lAble 70 domi-
ciIiary..visits Of the Dank Examiner 1t ray time,
Of capital, over and above their circulation, in
their bands deposited to secure II, thus mlk-
ing It necessary to keep eone capital In sight
that could be made available. to Psy on llA6iI-
tiles to depoaitora tn case Of failure The
legal requirements that the National BANKS
shall make complete showing OF their condl-
tion, are rigid, though none too much 50, and
there Ia ample ftzAon why they should be
equally 30 under State LAVE in regard to banks
operating under State cbAttera, and law
providing. for it should be one Of ths first
paestd BY the LeHislAtu1e- Soms Of our
leacing State-cbhr1ered bsaks have always
recognized that the public vere entitled to
sucu lo1o4 1uAAoOt AoA AAF0 H1AQe II P1AE1Ic8
TO publieh statements Of their condition,
!rrm limo to tfme. A rule, however, thoea
banks which make voluntary statements are
not the ones IN regard to which the public
need information; 1t IL only among those
WHICH will not make euch sboKingp. until CON-
pe1led by law, that damaging dcvelopmenta
would be lknly to take place. During tbs
Last two Year, the number OF Savings banks :"
in this city h4ye Increased largely; and whether
they continue to do that kind Of business
alone, Or whether they gradually turn into
commercial banks, tho public have tight 10
knoR1edge Of their condition
with tbe local trade aud finances, 2re tbs iu-
c1easlng receipts Of hogs, and the tncfeAae of
New York exchange. The money market now
begins to feel the effect Of tbs Increasing de
manda Of the pork packers for currency, 2nd
though the demand il not 80 large Is it will
probably be In rhe courae OF q week, II ths
preseut cold weather continues, the effocs OF
the past two OF three d4ys taA beeu to greatly
diminish the 1oanabls funds Of tho banke md
make money ecarre. This, however, ia not
Aecarrity Of money th1t Argubs IN unfavota-
ia caufed by the activity Of money, one Of the
results Of Whinh ia that the hog crop Ia being
brought to market, and briggs With It credit
to the account OF the sellets which enables
them to clear OF dabta. ,.,
Exchange Has sold between bAnks to-day 1t
LILO discount. At the counter, bankers sell 1t
from par TO 1-10 premium, and the leading
barks have changed their buying rates at the
counter to- 1-10 diaoount.
The following quotations for buying and
seltrg govesnnent bonds, local .atocka, gold
| furnished by Lunt, Prestan Il kean, banksrs,
Il Cghth sfraht