, 1873-06-14
MONEY AND COMMERCE
MONETARY.

DllBneBH and finances hro DULL MoAey 70
abundant, but t1oro doos not BOOM to 20 maoh
disposition to launch out into now enterprises
or Bpceulatlons Just at prcBont. Gvon the oppor-
tunity to "corner wheat ~ for JUNO, as ahowh ny
tho short stock on l1nnd doos not SOON to attraos
attnntion. A drowsinogs acomH 10 havo fallen
on trado In the last wock, and thoro has not boon
q ti,no for yoar whom tho goncral subsidenco
of activity was 60 apparont. In tho opon mar
kot money Is in good supply. Primo commercial
pnpor soils ut 10 per cont, and accommodation
paper and satisfactory rcal estate paper kro
readily takon ut IL to 10 por cent.
New York exchange was firm to'day at par for
Balos betwoon banlB.
BLOOD OF UEsouND DANK8.
II would naturally DO supposed that mon IN
tho small ttalea who work hard, trade closo, live
economically, saving dollar by dollar, would 10
among tho shrowiloat In taking caro- OF their
money aftor thoy got It. But experience shoWa M
TINT tho shrowdnoss Of this class II expended IN
onco accumulated q fow hundreds tho mannor in
which mnuy OF them dispose Of It boruotH On
imbecility. largo proportion Of tho small
dealers and nlopkeepors, butter, .egg and ir'lle
dealers atssn oadS5 md osm1Fo o. sSnS
that any place will do to keep monoy.
II they got more than they shiuk
Bafo to keep In tlelr pockets, tho frat.
place that has n.A-N-K ovor tho door catches
tie money. Whilo there nrc plenty OF Bound-
savings banks In this city willing to tnko such
accounts aa wc refer to. thero arc also plenty OF
others whore tho man who keeps tho shop has
neither capital nor character to recommend him
asa safo custodian Of 10 oonts Of anybody
Ar instanco Of this Kind Of banking oamo undor
g1naU !" bnnka."' It aeon,s that tho keopor Of .
sorl OF private rostanrnnt on tho fifth looI Of
tho Republic Lifo Insurance Company Building
mi hc n n
his restaurant buslneaa with bank. Oompo-
tition in tho restaurant b,1Hiness wes strong,
sl,d profits pmall; why ebo,udn't 10,
when # was 30 curry mattora Nothing N ~ she
handsome gold-lottered sign" Farmers Bank
over tho door. So he did. First, the bank was
established in tho building with tho Sailors
Bethel Homo, on tho corner Of Dcsplainca snd
that institution, 1t Buccooded in catching some
OF the hard earnings OF tho Hailors, who hro
proyerbially oroduloue, and werc oasfly deceived
by tho appearance Of tho shop. But somehow
ton Of tho restanranting banker, 80 tho Farm
ors' Bank invested Its capital Ia new gold-lot-
tored sign u1ado expressly to At over q bnsonont
door in Ogden's non building on clarl street,
just aouth of Lake, where tho bank continued
to take peoples money until some of them
THIS VA. not the kind ct
banking tho rcstaurantor had calculated upon.
mud forthwith he retired to bis restaurant and
closed tho door Of tho " Farmers Dank" last
more. or the prospect OF payment Of tho ct, ,00o
or thcreabouts duo to the twenty or thirty do
positors, we can say nothing. Liko many
anothor unfortunate" banker on lnrgc1
tho bands Of his attorney, who viii, Of COURSE
drive the best bargain possible for his cliont
Tho collapse Of this Lilipuslan bank would moi
be worthy, Of 70 extended q notice II Il
did net illust1aso 20 forcibly the EXTREME
to question Of bunks. What waH dom
by this email concern by means Of +,
gilt sign outside and ono smooth-talkinl
nun inside, iu,we believe, being done to some OK
tent, on larger scale, BY more protcntious con
ness in thoir own names and claim nothing III,
what is due to their personal credit and know
reputation cannot, Of course, bo charged witt
any attempt to deceive. the public: Iut thor
under corporate namos-Home Of them hay
State charters and somo have not-thas hny
nevor given tho public any insight into thei
condition. They have mover published rono1
Tor integrity. They arc condueted +
of being capitalists. In, IL default
any kind Of proof to the contrary,it is fair prt
much Of the same quality as that of the e Earn
ors Danh, gil! outside md brass within.
sooms strange that men who work, aud trad
aud lilo awake nights planning ways to acouml
lato few hundreds, should be so stupid as
leave it in such placos. The National Bank
and the commercial banks generally, decline
b rule to take tho small class OF accounts
which we refor, but surely there arc onoue
banks OF established reputation where TIL
would not only be gladly taken, but where Il
money would be safe. Tho Merchants, Farmer
d. Mechanics', tho State Savings Institution, IL
Fidelity, the Illinois Trust and Savings Ban
the Prairie State Loan aud Trust, tho Unit
Trust Company, tho Commercial Loan Compan
and tho German, aro all asking the public t,
just this class OF accounts. Tho reputation ~
general condition Of these banks is known to
better than many that are not named, and, viii
thero are, doubtless, some Of those not nam
that arc honohtly conducted, they at laant are
the class Of whosa condition nothing, is know
II a bank is sound, the propriotors;
rule, court publicity. They know Tint
full and honest statement of ita conditi
will do thom more good than harm. Tho IA
that certain class Of small banks deoline
mako any exhibit OF their condition is fl
ground for tho presumption that it would
many cases show them to be aa short OF capii
rs thoir proprietors IRE Of credit.
LOCAL BTooK AND BOND A1ARRET.
Mesars. Lunt, Preston i kean quote as #
lows this p. m.:
BuW',g. Stl!t
b-2Os OF o.. ......,...................1164 III
p.-ue OF u ..-11GA IL