, 1873-01-21
MONEY AND CON2mE ERCE.
MONETARY.

dull tO-uhv. EnOuHh money CQutluuG8 fakNCr
tight yot. somo Of tho banks report their do
,,e.;ts ,,,rasa,, WI ,,onov ernw,pr ,ttt,o
pos'eo l.'o"ooS, ~, aI"t .' ~. ~ s .,s.,.
oaelor with Aae"'' pus 'na ~ i'os s.lo o"no WIN
all The donaa Tor currency "t , 'u worry not'So
prico OF Now York exchange, whicl, sold bo-
t.zoor f,an,,s +o.da, ~ rno snr s1 nm ata.a,s,t
n"o"h pSuAh to.uay ~ NV per SA'ooo s''scouns.
we're expected to arrivo oro " from Non Ti Yo
have beon lolayod on tho rond, On tho wholo.
W. .'A. 't asuase" ~ .uo.o invoiAu.o ~
uoai'y oVo1y iespeot tnah NJ tho o'oso OF Inss
~oek, except In tho lack Of faciltios for noy-
ing products from hero to tho East.
nEpEMr1toN OF grAatrs.
~. ho.r ,r,,c1, ,nn,n,o1nt rot on1,}r o,,,,a,
but IN other parts OF tho country in regard to
the delay in tho Eodomption of atamps malo uBo-
loss by the repoM OF tho aot which went into
etroct on Dot, /. 1879, Tho Dopart,uont printed
,uhia,, - n" sadot,. aess a, lol.h W. .,l' seshs
upon =, "llon huon foaelap.lons "ouu 90 tnaoo,
out tno applicants, WHO Aavo complied with n1
tho conditions, havo become disgtBtod with the
cnsablo ao]nv. ono hnnk IN oh;caco % has ,, lad ,,
,a. - s,s,,,,,. T., tho 1a,,d, -, ~ t6s.. IN
parsmont for redemption for the last two
money for them now thnn two monthp nro,
~ .-e,,,. .s.,,;s,. ~ ' oa.s.,,ss.s. -.
1ntax Uno e3o1so 9s WINCH tnG Conmssloner ot
ero IL tbo 1,c ~ soiomt .1nr,noi ~ ,reo us'i IN
tb. - sng aacn VI oi 7uc3gns @ g;elical lo.cO IL
Icro aotua,r nonfocr.tc !,ith '' tho rpvonnn nf,
te;n}s ~ w.. az ny .ri
nv asn ~ aar;nt tho ,,rots n1m1J na 10 IN.
redoemnr arona mseI 70 " nan thor onerat,cnS
aftar tha fngLiom nrcc;aolv wl,io Tie 1,cor bin
;,ni;Sora comia rnnfizo oniy hv aalo nj tho Wall
street shaving phops
' SPECIE PAYMENTS.
resumption OF snecie uayrnenfa meats with moro
General favor thnn mr't bayo beon axneutod,
considering all tic condomuation Tint Tho ro!sBue
Of ia, 100000 Of groonbaeks in October cailod
who now cor commend ] tho lii without ira rasorva- ~
that that it @ eontaius some dansoroas usSu eiemonts
authorlzcg the Secretary of tho Treasury 10 In
option. Ind without notice or conauitation with
sprnna hv thn aaio ~ I1n;tsA stafca NOR cant
bonds' psyablo. princinai and Interest,". in cold.
md also e{yea lin uul|mtted mower to inoroaao
Or docreaso @ tho W volume % Of outstanding @ United
Htates notes in anv amonnt NIX aTcooiSo y MAJ.
imnm Of ss5S n1D oSo % outatan1fnr ? ?Hs r waa fnr
doing thoso ynry tSinos to a vory 1i,nited e1tent
in ia syndiostS onnrSi;ons rnS n tSa nnfnhar
Issue Of Erconbacks, tint Secretary Boutwell,
iraw ,,non lin hand ,,nnnn1Ifiod ccna1ro frnn ali
rarta ~ t'n couutrv Ta N1;at ~ th;s oona,,ra
was not sirnpIy that ha had eSrscnded ths % strint
letter OF tho law. but tliat Il was dangerous
nr;nninfo Ia allow nnv n,,h1io nff1cor So rnnoh
nnowet. Wy f1~@S e''Ase" ~ A'"sA
n.ru nr,rnvra
1nrecord Ia tho nronoatS ono1;,,o,, az tho ra.
ourements Of reserves i,eid hV Nnt;onn " HanItG
~ houa Il vii ha ~ To y tot auni 1nraa rn,to
~ thn NntionaI nsnls +hon,ra1wns vii thn ~
faynrob1" IN ta n1an Tn Mnt;naa, Pa,,o o ~
well nyara thot +hnr ~ t,a; tra.,i.rn - ~
snd that r phnan nn Na''o rn ,thrats uv
thav con IN, c1a;,, ~ ,,raooSa,"o ~ thn atnia
honta IN ~ at. ~ ~, s,s5s " s' e'A''
"AN' - po1n' VI .,1 s..unstn 3. INN anq Houn''1oSa'
rhcra ,a r,,a1 nnnt IN connact1on will, bap,,.
inc wIici, fav nonpIa think ~ Ink With, sooner
~ f1sta- r,,,ut * IL srhiaot - i;"nao;or ,;g
thn A TronorHo1 w ~ cam;toi ~ y. Isuosta Tho
csp,ta1 ~ n.,,s ~ +So 4Jpoo n1p1nn v,,;nl,
e'S5 the bank puts 'A up Il that w It tiikE vii handle %
snd oarnrii ~ r. ,,,,st h. por"mt -, th;r1.3all
n th.t .is mus. 10 Apgniaas a.. - - ,ana.
~ ,,t tua. a.. sb ,nase 1hab Auu, .no On
III; az IN toaai M - as y" ,,.,t m -
sn4o1 ~ ~ 3nsst q, m m n}n Nnt1 IN taorns
ca.at u & o. .oas. nom, ,an ~ ~
atx " @ ~ Hoo ~ tt - nd
e5sss ssaS St Psassn ssg't = feGp
nssEtan portion q ~ aenoslts on hand: II ,s u
- ,ter ~ 1 80 ~ taas .o ~
~ 'nn M T. anao ~
1sN ti"1ss " iaMu - ~ 1no ssnso contlauGtuty,
aea hlto "Dsnlu igno%oa IN sne a.I'cf ro9 iesref
u VIC ln". ny uhnAs, Ao"efets NV apctn1
conasfnosion On tno requirement., anu az -, uso -
ner Iosofyes III eases o. Gn's19ecy, hu w ~ a ~
,looot'9sa " aGcouanco VIII ths neMs!o's " il sip
Jaw. II ~ oanAera we're Pruaon. sncIo tnlgns
20 no necessity fot ING iegal fo1uremenS i0r re-
seryea, out anto.tanately many OF tee Ne!lonaa
BANKERS afe now mon ~ thas kana ~ Oh GnaiheSs,
ano u ~ no! ohly aecesseEy Lna5 .neto sao.uo w
oanh eaana'nals U! uiao4oLea a antesa!sy ~ en
omlno Mlo tnoli aha1st pa1 LINZ tnete snoaa
h!so " so1no stAuuaiu collult'pn W "n1cu tAoy
shgula Pc opllgea 70 recover ae .ne ontneae pos
slole momens s1saf aopaSsn'g 1Eo1n as 1oe any
cause. ,-,u.
- lar as the zeqn'rement Tor reserve to DO
held Against National hsnk circulation is con-
corned there seons M ~ nrst glance logs nesos
sy iof IL tnaa ior tne reserve 10 De ne@ sgaahs
probsoly WI DO oventnany, M ana II tho require p
meht tor resesvo TO 10 neia aganss olaealatoa a. 10
AZ tAe same tifne fe1ho9ea, she pfohts q wv
tional nan1 eronaton ?t % Won'd 10 SO largely IN
Creeaed tnat It's volume woula also DC increased
IN proportion, anu there H0nlu BOON De MI In