, 1873-05-03
MONEY AND COFNmE: RCE.
MONETARY.

Money continues to work oaey ID this market,
and now tint lalso navigation hau boon resumed,
lhoro scema every roaBon to oxpoot Chat 1t Will
continue 30 and thnt business will bocomo moro
active. In anticipation Of tho movcrGont of
produce to tho Eant, exchange II turning III
favor Of this city nnd against Now York, anu
this usually indicators d tondonoy In funds to
accumulate hcro Tho prico was nrtihcia!ly do
prossod yoatorday by tho sottomont Of tho option
trades In tho grain trade to ITO por $1,000 tlla-
count, but roaotod to-day to ita normal price,
which for tho presont is about par. Thotondonoy,
howoyor, Is downward, md tho prospects arc
Tint 1t will gradually decline so as to cauao cur
ronoy to Aow bnok to this city from Now York.
There wero somo ordors from tho country today
for considerable amounts OF currency which arc
probably required to move tho grain Of tho
Northwest.
Tho Fifth National Dsnk Of this city has de-
cided to inoroass itB capital stock 100000,
which. added to tho present capital Of 100000,
will llmako $500, 900. Tho present surplus Of tho
bank ia $125, 900, and tho now stock to bo sub
scribcd by tho prossnt Stockholders 10 to bo paid
for at 1876, thua making all addition Of @300,000
to capital, and s75, 600 to SURPLUS.
into its now and splendid Office on tho north
west corner OF Dearborn aud Washington
streets.
TIE HncKEN DANkH.
Tho Comptroller Of tho Currency recently de-
plared q dividend Of 25 per cent In favor Of tho
creditors Of the Scandinavian National Bank Of
this city which is beiug paid now. The asaots Of
the bnnk do not, however, soom to pm out"
very we'll, and whffo It ia understood that tlloy
will eventually pay tlo depositors In full, there
is no means OF knowing when tho rost will be
paid. Tho Comptroller has also decared divi-
dond Of 81 per cent 10 the croditore of the Una
rected the Receiver OF tho Eighth National Bunk
OF Nom York to mako roquialtion OF "a per cont
upon tho shareholders Of that bank to supply tho
creditors. small roquiaition is also to be naado
upon tho shareholders OF tho larmers' and Clti-
zens' National Bank Of brooklyn, for the samep pur-
poao. Tho latest detailed statcment Of the alfars
that it has available aBsots in the shape Of cash,
bonds, exchange, and bills receivable estimated
collectablo to tho aggregate amount OF $3.50, 900.
The amount duo dnpoaitorH Is $5tG, GOO, aud ttH
aggrcgato of so15, goo, and showing that thoro
will bo adeficit of $05 900 which tho Stockholders
will have to pay. In addition to this, tho bank
ie supposed to bo llable for. 5162,oo0 Of eocuri-
for sale or safe-kceping, md which tho Cashier
abstraetod. This makes 3 total deficit OF $227,-
600, for which the Stockholders can be assessed,
they being liable for IN amount equal to tho
an aggregate ot s5s4, ,ooo5 as follows: Tho capt.
tal stock, 100000 :; tho surplus, $57, ,0oore-
ported III tho quarterly statement Of Feb. Is
!. ast, and tho $227,000 dofcit.
TIE Cu1rAn111TY OF nANK DIRECTORS.
In two recent articles In HE TRIBUNE We havo
commented on the culpabls negligence Of their
dutios on the part Of Bank Directors, who, after
lending thoir names to he1p give bank crodit,
form, or that they arc ii any way responsible for
It's miamanaKemont, OF for tho swindling OF tho
public by ite failure. a remarkable incident, IL
Illustrative Of this curious Indifference on tho
~ &,P T. vail ~ Vr.1.
Commercial Adrcrtiser as, having. occurred in
connection with tho rocont bunk failures in TINT
city: s"A business mnn, neesing. & frionsi,
mentioned a., runor nos,,t aost IN the street
known bank, tho Cashier Of which, at
salary of s2,500, is frequently conapic-
.uoua bohind 3 four-ir-hand team in Central
Park, and is otherwise notorious for 'fast'
p aupposea' @ I should not ;' do so. lam am
much obliged to you for the hint; an, a Direc-
r t 4" as He M9pd a. afyo Ss edea noan
flashed across his mind and ho was dumb at
having pronounced his own condompation.
There are always plenty Of woak men who, by
reason Of fortuitous tances, havo become
ambitious Of being known as "Dank Directors"
but hare neither tho ability to direct
or alyiae in tho conduct Of bank, nor
the honesty to admit that they don't
know any thing, about it. =. These man aro
convenient, plinnt tools for others who make lge
Of them to pull tho wool over tho cyes Of tho
public. It is ali smooth sailing aB long az tho
bank GETS into no trouble, but whom doyclop-
menta like those In tho caaos OF tho At]nnto and
Scandinavian occur, thoy feel worry foolish, and
the public foel as though they ought to DO mado
to suffer tho sarno penalty III tho actual en-
bezzlers.
LOCAL BrooK AND BOND MARKET.
Mossrs. Lunt, Preston Il Kean quote as fol-
lows this afternoon,