, 1873-04-03

na1 pnnaS ,r;t tc amounta Invested ii securities
tnnr no .noro zeaallJ available, will ee q o. ln.or-
ost III the caao OF eacl bancn. Ing mass nsare oi H.
aaR,,al amount Of tho United States honaR on
hand. Tho Union Truet Company and tue i1f, ptai,
rie State Loan & Trust Company hold no uutoa
Htntes bonds In the reports o. M !he ~ aeg ui.o ~
IA hmm" 1t, the case Of each bank, aud tt IS
linpossibls to tell how much Of tho lump 10
loayenod with really marketable, bonds. An
tom OF grcat interest in connection Will Ine
gayjugs-6aul1 reports would DO sonfe showing o.
tho aBsosaod valuo Of the property on WhGo
loong nro made, and sono Specification as to
whether tho mortgages held by tho b"nhs III"
frst mortgages or not~ -
MonE d1tEEsDAoKB OF MORE nANK NOTES,
Tho New York dispatches represent the spccu77
;storH OF that city MS olR1norons Tor a'i lhcfoastu
issiio Of groonbacks to relovo the strlngoncy g
khh money market, and there Rro an4uo8ttonaDlN
plenty Of lnilntionists in tho West WHO would add
their voices to the clanlor if they could Ims
will bo the caso yyllonoror there ~ q htt1e rhacn
in tho money market as long nS tue ~ secretary ya pa
whole or any part of the called ?a4 ooo ooo re-
serve sooinor or lnter ho' will be Obliged to
yiold, and somo time lie will got 30 much out
tnst he will find it difficult to- got u paeK,
and wo shall have q permanont lnnatloR
Il Tie CONSEQUENT Inevitable depreciation Of their
value, If tho people are detornlnoa 70 nasn a,t VI,
~ AZ Il tan by Issuing moro greonbacks There
20 NV uo - "a @ ooo Of National Bank capital lock-
ei IN In tic Treasury III tho margin petweon t!ie
par valuo Of the bon,s depostoa tnote M NSytona ~
PsnIe Rnns creation they are permitted to issue
a@ninst tlego bonds. If the National BanNs'
were % permitted to Issue, say, sAo oeo goo more
circulating notes on tho security - ou oon to
mi o5 nor cent lognl-tondcr reaorvo on hana
aeaiust this incroaso OF bank notos, noo e,o ~ y.
would bo d practical increaso OF S5u,u0o,oou u VI
1tSnHE
S1 SSI1t oaD. .00O greonbncks. This change IN tue
relatiye proportous Of g1eonbaoks would IN laet
ba move toward specie payments, because y
would make greonbacka aGarcor, ana Houla a1
hacSs. If rroonbacks nrc q safo currency it can,
not la donied tint National Dank noteB based
m IN c0uel amount of United States gold antof.
eat bonds and with 70 pcr cont reserve M ~ ,a ~
croenbacks, would bc ut lenat as balo rs the
Sreenbacks. by this plan tho doyernnlen1
would get 34,000000 per annum moro ro'enas
from tie per cent tax OH bank clrct1at1on' anu
1s fni bnsnoss % Of manipulating tito money market
to suit tho views Of iutlntionls's
nr1v von,t Aurt 2.-Tha financial filuat!on lesl
asrsssiun to borrowers than yesterday, but never
tclcss, the market waa very stringent; ce iee,
ranged from coin, for brief peFioa " & tue as
Ha. II rhe 81 tono aucsaatod closely in sympathy wiz
Alternate favorable and unasor"e ,at,aS snn1S ~ ~
tue tsi, million legal-tsnders, rests ,,o On j., IT,
fac. that large has been for Years Eep. h
psy It OUT The lasest washington rolors indicate u
Interest," or something over sle,ooooco Of co'n bn
nothing definite is known. f..
tsw ss days Currency Wi low buck from tho Middle ri
iS liz ouistanding legatondor circulation 10 sss8
''SS s'erlna WIS da # for sixty dnys m
t ZOE n's siI,> IN 117s1 ,ner purcbascs 70