, 1872-12-12
MOEvEY AND G0kakEa.ER



The ssnec. of local finances contjuuea to i'm
prove. Deposits ct the banks arc gradually in
creaslng, collections in the country are improv
ing, and liabilities maturing in banks are beint
more promptly met. As the marketing Of hog
and cattle places moro money in the harda o
farmers, it Seems probable that this will ba t!ls
tendency Of affairs until tho pork ant
beef packing culminate about the frs
half OF January. After that, the soml
annual interest and dividend diaburse.
.1,eats IN th3 Easteru cities viii have sonao cfec!
to make moray c:soc there, and to some exton1
e:ao n :!:o West. The effect, thus far, on loca
Gaance, :: ,ao=t perceptble in the diminishing
a71o:,,s of legitimate commercial paper offered
il 1?:e o;7en market. There is good deal ot
Accommodation paper" aaoat yet, which has
good eniorse1s, but was made by parties OF
leas substantial credit This kind Of paper is Of
fcred st 111zz per cent per month. On first-class
co1latarais, money is now to be had in tue open
market 8. 10 PER cent per annu1n.
New York exchange was socaewhat seaEer to-
day. and soll between banks at 25c and SOC per
81, 600 premium.
SILVER FOB spEcH RESUMPTION.
The re: enlnendation Of the Secretary Of tho
Trcss.,: LAT silver be practically dernonetlzed
ty prohibiting its coinage at the mint, except
for ezpo::a:soa, has more Important bearing
III Ll5 t4-SS.ApAA III GE0I4o 1NssAAAp@AoAA ~A@a@A
would appear u first glance. Tho movement to
,dsmonetizo silver in Germany and Hol-
land has already caused q decline in
its value in London IS compared to gold, and,
as the movement progresses, Will soon make
wider diiIeTeaco. It is well understood that tho
United States are fast becoming the great source
.of silver supply for the whole world. It is now
bat IL years einco the famous Constock lode in
Neyada Yrs discovered, aud get this one lode
Bield8 DOW al the rate Of $4,000, 600 Of silver
bullion per aEEuZ7.
TIE product Of tho Emma and other Salt Lake
mines, and Of the Silver Is1et in Lake Superior,
Gre increasing from year to year, to sey nothing
Of new md important a:5eove1:es that are being
Tho decline il Tho Talue OF silver as compared
Affecting al Ing C commodity tho product Of
which is every year becoming grestcr
merclel yalne Of silver, as compared to gold nj Il
furnish En- easy step for tho return tospecio pay
nerts it tie relative legal tender values Of gold
and silver are continued in this country,
and i t2e coinage OF e zil7e; e. Is a1 not
wells Recommendation. Tho commercial
T2lno Of silver coin for expectation is
now nearly per cent less than it's value as g
Icgai-.ender In tho United States It the III
crease Of its production here, erd the movement
inprobab.e--educe its commercial value to 10
to II PEE cent beiow its lcgal-tenaer value here,
il would stand i'll about the same relation Of el-
ehausaahle value to gold as grecnbacks do now,
rake silver coin Of the United States
= legal te.lar for any sum instead Of being re-
ssricsed to small amounts as now, we could re-
e1s,e specie payments in silver coin without ma
1e7i2lly changing the present premium On gold
silver icing 20 much greater here than its COM
ne-c:al value foE expectation, it would not leave
us so readily as gold, but the silver coinage
would e:cunulato in this country,
naa with nass sseabag 81 5PGss basis Of eTsr con 81
Of the United States for redemptions Of green
lacks AID National Bank notes, specie Tesurnp-
ton would be comparatively easy. When this
stage WAS reached, the value Of greenbscks
The premium on go2li over greenbacks would
1e.nGla fixed at the difference between the COM
me1cial values Of gold and silver.
THE sCNDNAY1AN NATIONAL BAE.
1 The fo1llowins tel is sta statement taken today
EationI Bank, showing the footings of it's &c
counts On the evening Of Dec 8, the evening on
which it closed its doors. This shows that, as
was rnmorol, the cash and exchange that were
pa hand OF Nor: e5, and which would at that
GSindled down until the aggregate of
cash and exchange On hand ut The
time the bank closed would pay less than Is per
cent Of the deposits. The aggregate Of the de-
E9S-Ia lGS EceQ IeEuCGU 1[0iD over S1Uu, UGu [leQ
70 the total ct S229, ,523.ss now, showing that
fAa Ehrewd ones have been quietly drawing their
money out for the last two weeks. The Chicago
End other American stockholders who have never
paid in cent Of money On their stock, should
Fay in at once the amount Of their notes given
7or the game, and which notes arc among the
q Bills Discounted in the bank, to the amount
OF probably SO, 600. This would make Is
Iec cent mora cash on the deposits. The re-
1aaining G3 per cent to pay depositors in full can
probably be realized in a fsT months cut OF the
remaining bills receivable:
RESOURCES.