, 1874-09-29
ural Goyotnmnr,t ut prtbrnt may ID tdnntted ly tho
peorte Of tho uuitGd Hatcs.

Caahos. ANthors2ou 10 commence a''A'aeAs sHi'' ao
ais7-~peopo's National 1,.nt of
Authorized ear!. @ p"',nh' .,.shcr spS! s9s @
to comuiouce business seps. III 1874.
pgrnEoy1yd MurrLATEp nANE-NoTEg.
The Now York Tribune ,stato8 tho nlothod OF
destroying u,utiatoa bank~notos to bo. as'f fol-
lows: ....,
Tho Nations, Dat.aa Of this city having Ind tho
,e,irn that tho Comptroller OF tho Currrt,cy. should
rorn thcm' tho 1nuttIaesl notes Of tho Issue of
trotr's oaco at Washington by lilo Treasurer pf tic
United statca all tho Redemption Agent, In order TINT
they might examine tho notea boi1re thay wero do
AtrDye1 for rossnn they hAso Dccn Informed TINT tho
following Is tho process adopted before destruction
On. receipt at tho Trcasurcrt Office Tho aocu nro
ors for lilo stect,on ., spurious mud stolen noea an
nro asaortea ny .aonuufnatio''a thuy arc thoa dc.
iss em e to t0 M paoksses o
u ssours % of aloal ay W anEs n esei se aiphabst te
bnnka composing cac, Eroup. lilo assorers, on
counting up At nlghs aro required to SEQ that esch
package contains ony tho notes of ono bank. tul.c
connt and osumiuo each package to SEQ lint lilo
amount ia correct, ind that no moro notes aro mis-
After uroof she money il mado up Tor delivery to lie
that eash strap iu married. with tho organization MINI
arc tton delivered to, tito Comptroor4 oi1ca whore
Tho following iB tho rrocess:
united slacs sndH ecmpon Agent M ,st hase w he t
amount marked in plain gures OH each packages aud
mrat h .|or9nghly canee|et neforo delIety " lav
senl.crcular eanceling thsol. =
q Zach package IN required TO be made mn Of notes
Of TIN 1faun Of ono bank.
aMa rigid scrutiny of,two espcrta representing tho
comptrolera Office, who Worthy tho amount In olo,,.
fnationH, total, and proper issMe.
Each package is thou cou,lte aud verified ns TO
total aud rropcr issc. by ono expert
5.sTh1 fnul corNt aud examination Ia then nade Iy
anngcnt representing thu bank Of issue. aftcr which
the package and packages aro checked oil by tho head
furnace In tho presence Of four wincascs via ono
representing the Treasnror'H ofrc tho sncrcaty's
oAiee, one tho oonrtroers otllcsa ouo o bank Of
tssuo ana arc burned TO aAles accuring to Scc FL Of
tho Currency act certificates to thia ecct giving Dc
nominations IL detail being signed by caca witness
Thcso the oillcinls At Washington tltnk would seem
to 10 all tue safeguards that could possibly DO aoptcl
End tho transmission Of tho MONEY to tho individual
hanks. Tor tho pnrpoye Of having tt 60 through
moro examination. by another Of Tue banl' agents.
Tou'd in thor opinion, scarcey hA to tho safety or
sSer y liz as saes axso Es II e 1 9
Office and add greatly to tho nready heavy rcapons
btlsty Of its ollccrs. Iln Treasurer OF tho uaitod
1nne 90, 1874, re1nirc him to- forward NIL aliona1
uana notes which are redeemed by lin, ard which
unit for nso 10 tlo comproier Of tho Currency fos
destruction, and consequently no discretion was loft
with him "a TO tho disposition that was to DO nado
were aiwuys tnon; md no further veration CT lis
counts hythe bank was required to project It from
nocs Of ohes saues than It's own being charged to It.
LONDON: MONEY MARKET.
Tho Financial Chronicle, untlcr tlnto of sopt.
~; las the following In relation to tho London
/: money market:
Tho Bank return, which pointed last xss to lcarar
money. " OF M onposito elsracter ts week, ass!
discount, Tho total Of other gr1pfitiusn Ebpws Ill
unexpected dlminuion Of ESQ., 73o, being only cir
sS HBs 1ss sapS 4 S%aa ss hs ss s &C.
BY c2c0, No. aud tho reserve Of notes and coin by
E51o 40. During Tho week eA3i 900, consisting chicy
that tho agricultural community and tourists urc stii
a6sorbin8 largo Quantity q eoin. Though changes
IN the Sery frequently occur VIII
in dearer money at present. still tho autumn tlemanl
wi 1t IL anticipated, bo goo aud rnhcr higher raea
reacrvo 10 liabilities 1t thg Dank which was luat wae
nearly 464 pcr csntis now rather moro than 4s par
cunt.
new TonK, Sept. 2s.-custon,s receipts; $500,
ooo:: Treasury disbursements. se5, oo0.
Gold ranged At 10o11 @il6 closing ut lo925<
CARRYING sates, 1}4@2 /; borrowing ratea fat ut
Oioarlngs. e2et 600, 200. .. j.
and 4S6q5A8B1 foresight.
] 'Stato bonds quiet and nominal. :1.ailroad
bonds finn. Goycrnmonts steady.
| Stocks opcnoIl stosdy, but III tho forenoon
| auotuutod frequently, with q general downward
tendency. Tho n'asKet during tho last hour oi
| BUSINESS was firm, prices shortly hpforo thr
cloae having ,ahown ma advance OF Il
/ to .11{ per cont from tho 1owesl
| point Of the day. Tho strongest atocat
| were Ohios, Union Pacific, St. PAUL, and North
western. Ohios advanced from 81 e to281SS uuior
Tncilc from 3G1{ to ST.: st. Pail from, 81 to s.
and Northwestern from 33l5 TO 39lf. In lato doni
vance abo7o notoa. hut at tho final close tt,t
market was flrm.' Salea Tor to-<lny aggregated
100000 shares, Of which 59. 600 woro Western
:Union, 81 900 Pacific Mail; 5000 Now York Cen
pacihe 1905 Northwestern, is,uO0 ST, .paui
12.ooo Wabash, ana 2G,5oO Ohio. Dubinns'
leaylest fora long timo.