, 1872-12-17
Money AND COM MERGE.
MONETARY.

MONETARY.
MONDAY EVENING, Dec 1e.
Tn 1oca1 finances, matters are working qu1e1ly'
Int money continues tight. The str'nSency ~
however due to healthier causes than II "sS .
month ago, one Of the principal ONES Jus' ~
rresent being the accommodations e11enoee1 W
1nork packers, who a1e now dong tne nea'!es.
oart OF their years business, and nas1nG cnecAeo
mt tho bulk Of their Own capital IN pay'nen.a
for hogs. are using q large amount OF panR capl-
taI in the game way. Ihe returns u tn17 e"pA'o.
>~;11 however. be large toward the latter part OF
t,;s Month. and the prospect is, that after this
weak money is likely to gradually become easier
ior month.
New York exchange sold between banks to- |
5av at nar and at as cents per 81, 600 premium.
HOLDERS OF BANK STOCKS.
One OF the National Banks OF this city (Na-
tional Bank OF nlinois) has, within few days,
Get the example OF printing, in connection with
ito advertisement, 8 full list of its stockholders
It is. Of course, presumed that the Comptroller
of the Currency is presented with q List OF the
stockholders OF every bank when he gives a Ger
tifcate authorizing it to begin business, and the
Bank Examiner has also commonly been UNDER
stood to keep himself informed Is to changes OF
p7nership OF the stock from time to tlme:, Ent
the recent Developments IN connection WIZ tue
failure Of the scandinavian National oanA Mat1 SnoW
the possibilitv Of the entire stock OF National
Bank being transferred to foreign holders, VINO
are not amenable to the double-habll1ty Prov
sion Of the National Bank act, OF OF the ssoch
being changed into tho hands OF persons 1't 2sfu
in this country whose financial standing 1nlent
weaken the bank very materially Inc example
Of HE National Bank Of Illinois is, therefore,, q
good one, and shows disposition to invite PIP, ~
&c attention to it's condition, though 1t must pe
admitted that without the specification OF the
amount of stock held in each name, the pubhca-
zion of the list of stockholders stops abort Of me
most valuable part OF the information on ra, tnas
Congress under the National Bank act, or from
the State Legislatures are legally public lnsttu-
tious, and in their function OF Keepers OF ottne
peoples money they and even n private nba Gan4 t5a{
gives them more power for good or evil, moro NOR
Responsibility than any other class OF lnstltn INSULT
tons. In this view, it seems entirely y
proper that the public should not Only know n mn6
are the stockholders of the banks, but how mucn
oi tho stock held by each person f9r It Is th1s
latter item Of information alone tna1 Nouo
show who is really responsible to depostot1e 1
Tie habit Of regarding tho cqnGi1on u .. sacrets 10
which no one had right except the hlgh~1nlnd-
cd bank officials is a relic Of the w1id.cattng tn{
3aye, when arrogant, speculatlng banker5 1ogA ~
taterai security from whom they pleased, no 40
ore should ask any security OF any confidence OF
item but their honor, which, alas! in many m
s.ances, was found to pay but IN unsatisfactory
percentage on nrohsRb1g be aoy % to some
] aTound to lie habit Of giving the
cabl;c every possible information about
[he condition Of banks, but that the public
= banks, and have 8 more just claim to know all
sbout them, than they have to know the tinan-
.ia1 condition Of railroad and insurance com
ranies or any other institutions, no one ca: can
t=ny. The action OF the National Bank OF ILL
nois is q commendab1e one, and though 1t stops
short Of the most important information, gives
1t least mora than most other banks seem
wiling to give.
The result Of Secretary Boutwells interviews
with the Committee OF Ways and Means n n r. re-
gard to negotiating the remaining S5oo, o,oooi9 i9pi
6f bonds authorized by the Funding aet H. r. tns :,
take the bonds. It is simply the old syndicate
and the old offer, which was made lag
yer, and it is the acceptance OF thu
sery properIT objected that the terms On which
The first batch OF bonds were taken by the gyn
i:cate we're not only secret bpt llegal, 40. ~
claimed at Washington that, II the way was opsl
:Teat bankers Of the world for the negotiation
of the bonds. This may, Or may not, pc true
p1t, at least: whatever ia done should be don t91
openly, and with the sanction OF 1a". ~
crescent condition OF the European money mar
sets is unfavorable to large TRANSACTIONS and
m that account, there seems no reason 10
haste. The foreign money markets are likely t
te better disposed for auch transacuone ne1
spring than now, and carefully considere
plan, authorized BY Law BY that time, will b
soon enough. .......-.
BAxEEBs LIABLE AS BROKERS.
The New York Sun Of the 18th says .som
time ago eeyenty-fve suits were institute
against ex- Collector Shook OF the Thirty-secon
District, in the United States Circuit Court =
bankers to recover $4,000, 900 taxes colecte
from them as brokers. me Coasctps, Ia t u h,na 81
ecs we're liable to taxation as brokers f1fst-
On sales made by them OF their own stock so
by them in the market, secondly-o9 sai' say
jhirdlv-On stocks bought BY them on order
where margins were deposited, the stocks bel1
carried by tie bankers and sold at the option
the person depositng the y margins: othe
covering all the points involved was brought
Trial, it being understood that the disposition
this cage would be conclusive. The amount l
volved was s2o,83o.19. This suit a vas argued 71a
DooIttle. ex-Attorney General stanbery, a.
Judge BARLEY, Of Washington appearing tor II
Davis and Assistant District Attorney L.
Emerson for the defendant
ssJudge Woodruff, yesterday, gaze his declsl
in favor OF Mr.. Shook, holding that, as the 9, 3
dence showed that the taxes wsre paid to t
defendant IS Collector, without any formal pl
test, and that tho defendant paid over t
moneys he received 10 the Government. be Mof y
--7ff furtber decides that the Plaintiffs We
bankers, doing business as BROKERS' and
euch were legally assessed"
LOCAL sIocK AND BOND MARhEf.
MeEsrs Lunt, Preston l. Kean quote as
lows this afternoon: a-u.
Bu1na. Set1
= 6 "a of ,81 ...... l17A II
NJ ~. - - sco ~ ;nt 1l2sS IL
< ons of "a er int -.....,,,. lex II