, 1874-04-09
MONEY AND COMMERCE.
MONETARY.


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MONETARY.
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.wvn.y.,Ar rvryYo, Aur,,s.
Ihe currency 1hnatlon bil' is still tho ann!e,'
OF oarneBt discussion among bankors, cnpttal-
iatH aud b,lsnoBs mon gonerally. Tlloy aro not
ab,o to ngroo among themselves aa 10 tho ofcct
4,o IN, =. ,,,.,,, y, tho aou,to Ia likely to |
have upon tho country. As to tho groonoaonH @
oil arc agreed that 1t adds tho 81, QUO. ooo nero-
tofore retired TO tho amount In circulation. on,
Mary bo,,nvo Tint n Tim Inv ia passed. by tho
T1". =. ~ nm rom tho sepnte, and
l!o"so eAao.'y al ~ eA.''s ~. nrroot IN ukolv
then HH ,trictly onforced' 1ts eneos M m..ionn1 ~
to contract rather than y oHp'Iu p oa,touo., 1 % can
AFFORD TO seko ons v ,,"t .,'os can ,otter nfrora
Some banhors ooson .iu. ,'n,s rv "Ss @ ant thnn to
kcep It In circulation. All these 1nattors OF
onin,or vii, In sottlcd by tue actual facts IN
op'h'oh mt1l ~ ao ~ ronst aftnr thn act Is
10" "oe" .a,., " Ao oroI,b,o 1,owcver. tint
passed. 1t Ia Acatee1Y eto".'te'
s,reaa should PASS law that could produce con-
s, tr.ot;on Such An act would be a worry poor COM
plmont to thoir ability AZ statcanaon,-a quallty'
howoyer, Of which no ono has ever accuaed them
fposscaHinK any co,,sofanlo aonn.' fa orrron,v
1Isnkors report steaay demand nMa tos currency
py nf lin anrng business, aoon to DO made
eyidont by tho lnrgor receipt Of farm products |
hero. Inc roaoa t aH. rois"Sa gvu wi on,tuss Eayo
sestea "aeA sno i.a sa ,r;coa S now rnlinr for
Erain. provisions, otc., will bring them forward
Rs fast Us circumstances will pnrmat. Ihe nA,my
weather today has Ind a stimulating oileethpon
i'm busiuens Of tho city. More activity is
noticosLIe IN tho ntreots aud in most If not all
departments OF trade.
i mpiority Of Tho banks report fair demand
for moley-n faot all they caro- to snnpiy,
while fow arc troubled with surplus. aney
wl,llo lilo t,s,1nl discount figure ID 10.
To rHe common r!syaHo, thcro ts about an
oven thing on exchange. II banker happens
to want some. and goes out to buy, 10 has to
raw Is conta por 81 ,ooo premium. II ho COOS
nut to sell he oa only get par. This is the range
but tho market may bo quoted shade easier.
There il not much activity among Agents OF
Eastern capitalists aud notc-brokera. Quota-
tonB, as heretofore, So91U por eeut per hutuu!;
I'll the moaoy owners arc entitled to At s9
and III large loans a. e LEVER 1s1s
ASe"Ehs ..,a 49, ~ co,'%san 4t;s.a. :.
st 1ssn rsag your sG!t;1o 9t Il IHE
ratnusE Of thts morning on he @ ei.ofts o. a.
renoy tic demands Of 1nsnes' dt w ;Ss e
prGeate IN ano sa and tst yo,, agreo with him
s Tone xo rs IN o % eay ta s Vows to 10
S ss = Il xest tefs,o 10 Ss s @
in greoaDacks s fSl T. o NJ o
sabmt therefore. wnetSe y snls sc ~, Ta s7sa mn M
bi promises 10 my seyona ths sun m Gfe f not
worth ss co, c;ayo aT se Nonsense, fro
PRICE o tho contrary Notwithstanding Eease n1lsMer
md oolea yours, IL oo"a rva'. ;or wi,st.
s or bon i undertakes
to uau. It ia not.Eooil for any sum which it
does n nnot undertake to pay. A certain amount Of
currency neoaoa 10 transact ,ne 10 n,, et ~,
The country ana .hat amoan; cam o po N1 Mho ~ 1
amount actually required IL exceeded tho whole
viii viii acprec,ato unless redeemed. i tho amount
sa ake oao ago1 1 1nd @ tn amaa ' a Ultimate
w. ~ naeIe oaornrnent ;s mailing to the
nn;nt 1;p1cas the aoyornmont intou0s to pay
o' rho rraaant conrse Of legislatiou looks to thf
mo nnn.rpnvn'cnt Of tho creenbacks at any time
a'natsnavnr
Mnassuu'uA' VIA 49, >, ~. o,,.,,o 7x0un,.
sin: viii you bo Kind enough to g1vo m explana
lou 10 the following po,ntH2
l. Inaam,lch as n Natlona! Bank 1n,,st Invest q
eaat ons.hird q a canisa stock r. nouas, det1snt
.hon win the treasurer VI ILL., ho % ni1 4 IL
a ~ ~ tho n,ont Of circulation to which
nav 30 but little uIyantago in Investing in bond
h order to procure eirclutton, sct is It not CLEARLY
c interest Of bunk to tako out circulation @ th
aoHnt of honas which Il ens place wh H. 'hs ufeat
areE7 80 NY hayG soo ~ +, tn nsaneai NJ
nss a,,s 1na 10 NnM YoTf and aerno othcrs}?
ao"" nre,nimm is ororca for Tie notca Of ccrtni
saonaf DanIs-not only Of those which have su
ueu,cd or gone into liquidation. hut nlso rs !t q
pearl, 81 sone Of tho assoc!atcd Danka Of New Yor
Khlch IN their weekly aatensa report hot 400, nas,.
ny ny edles;on st o rmsn nrstn is oere
Soe sn- 1otcs nj An why ths nremium. II tho crcl
Hnn !. not to he rntired? Uit how can the banks r
tre ther circulation without going iato lipulatiou
D. Since tho National Currency Act tsec. ~ :
an!res that tue saa @ a.aek M Of L. neona ~ sosia ~;
Iall b1 PAD ml, mem ~ ~ u ~, a' NJ % thn " Han stn
aaaa faa nsnhs lan 11raam;tf ~ aut " "1' ''''
s,Hco s' no National Bank can be organized in
.ty whose population exceeds $4,000 persons, wi
less capital than s20o.000, why IL 1t that eerss
Sutonal Banks III c!t!es having more ~ than ~! ~
7opul9tion q. ~ g. s', ha'e leae 'peh sa" seaole
Aihsa5 - ,