The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1874-04-15

De Issued, whenever sthe same shall
come into the treasury in payment or
| deposit for redemption or otherwise.
there shall be printed, under such rules
and regulations as the Secretary of the
treasury may prescribe, the charter
members Of the association by which
! they are severally issued.
The House then passed, hy majority
OF 38 the Senate bill, as follows:
SECTIoN /. That the maximum amount
OF United States notes is hereby fixed at
$500, 100000.
Sec. 2. That SAG. 600. 900 in notes for
circulation, in addition to such circula-
tion now allowed by law, shall be issued
TO national banking associations now
organized, end which may be organized
hereafter; and such increased circula-
ton shall be distributed among the
several States as provided in Section l
OF the Act entitled "An Act to provide
Tor the redemption oi tnu three per
centnm temporary loan certificates, and
Tor an increase of national bunk notes."
approved July II, 1870: nnd eacii na-
tlonnl banking association, now organ
ized, or hereafter to be organized, shall
keep and maintain, rs u part of it's re.
serve, required by law, one-fonrth part
OF the coin received by it as Interest on
bonds OF the United States deposited as
security for circulating notes, or Go
vernment deposits; and that hereafter,
only one.fourth OF the reserve now pre-
scribed by law for national banking us.
sociations shall consist of balances due
to III association, available ;or the re-.
demption Of its circulating uotus from
associations i'll cities of redemption, and
4 1trD, N,t,l,s xk, Ia,
| paid
The status Of the currency bill now is:
,Fbe House bill has 20 wait The action of
the Senate, which may or may not lie
favorable, or may be delayed indefinite
~; whereas the Senate bill goes directly
to the President for his signature. It
ls currently reported that it will not re-
c,ive his approval
In the Supreme Court OF the United
States, IN the Case Of John W. Tappau,
collector, 60, against the Merchants
National Bank, of Chicago, Chief JUS
tlce Wait delivering the opinion, the.
court held that tax levied on the cap,-
tai stock OF bank at the place OF it's
location, although owned by II stock
holder having different place of resi-
dence within the State, WAS legal and
constitutional.
| Probabilities-ro ror tho Middle States
and lower lake region, fresh and brisk
winds, yeering to West and North ward.
clear or partly cloudy weather, with
falling temperature over the latter sec
ton. For the South Atlantic and East
Gulf States, Southeast to South west
winds, generally cloudy weather. and
probably light rain. For the West Gulf
| fuf -.
Southwest winds, cloudy aud rainy
weather. For Tennessee, the lower
Ohio Valley and Missouri, fresh and
brisk South east and Northeast winds,
generally cloudy weather, and probably
rain.
BosroN. April 14.-Twenty-third bal
lot-Dawes, 81; Hoar, II; Curtis, 70:
Adams, 10; Bullock. 8; Banks, G; San
ford, 2; Pierce, 2; Washburn. 3; Whit
tier, Pittman aud Leouard, each.
TelcgrnphIc-Comn,e Reports.
COLUMBIA, April l4.-Sales of cotton,
to day, 7G bales; market lirm-midliing
1870.
LlvEErooL. April l4-Noon. Cotton
firmer aud prices advanced iraction-
nplauds SlaWSi!; Orleans S1iG1Sas;
sales IL. 600, including 5000 for specu-
lation and export; to arrive l-lG,.
dearer; sales of uplands, nothing Lelow
good ordinary, deliverable in May or
June, BIG; deliverable in Jnue or
July, Sl.i; nothing below low mildling,
shipped April or May, 5.l6; sales of
Orleans. nothing below low mildiny,
shipped April or May. 93s; salc, Of NJ.
lands. nothing below good ordinary,
shipped im March, 81; nothing below
low mlddling. deliverable Nlny or Jane,
81 saiea Include 9,200 Amcriuau; sala,
OF uplnnls, nothing below good n.di-
nary. deliverable II Apri! ur May,
l.l6
LIVERPOOL, April 1i-E,yenna. .-Co..
ton to arrive l.lG dearcr; safes o. up-
lands, nothing below low milling, d..
liYerable in April or My, Si4. Yarns
and fabrics at Manchester firm.
New YoKii, April lI-Noon -Stoc,.: j.:
active md II little lower. Money i
Coil 1873. Exchange -Ioms 1 So. !;
short 4 SSl:. Governments strong.
State hnnis quiet. Cotton lirm.r; i;
sales .o23 upIands l7!ls; Orleans IL.
Futures opened: April 1G 1882,
Ii l5'32; May lG 23 32; June II 7-32
l7li; July l7:@i. Flour shade frmcr
Wheat advancing. Corn firm. Pork
hc:Ty, at 1913. lard aieAdy-s,eAm
IL i.lG. Freighis firm.
Z. M.-ColtoD-nct rccai ,,;i ! .9Ol;