, 1875-03-30
MONEY AND COMMERCE


FINANCIAL.
There was increase In the counsE butinrsa Of tie
banks. The spring trads Ia steadily improving, and
le,oriis show an upward tendency IN consequence
Thctc wna no increase In borrowing except that
Of tho Hoard Of Trade opetatosn making arrange
ncns for tho amounts they will need 10 make hclr SET
to!nents tbs LIST prnx. Mercantile borrowers sro
6til confined mnin15 10 lhoso who havo II mako EooI
ths failure Of their collcctions Tho miscellaneous de-
mnnu Is only fa!r.
Hates Of discount st the banks arc Ea10 Per cent.
t,a the street, rates arc 7G3la per cent.
New York exchange WA 1tmef. snl ruled at 6oc 10
&c premium for 81 eco.
Currency was shlppod to New York by rome Of tbs
banks 10 keep up .hctr balances.
The clcarInga wero 81, ,400,nA.
BARCLAY 4 YoRrtEs.
Tho firm ri Darrlny h rarhIcs, who suspended few
ays Ago hayo paid their creditors in full Atn meet
iug Of creditors hold last wcck, the firm submitted
full and candid snsenent Of thclr nssets an liabilities.
nnd a plan Of settlement w1lirh was accepted, and
which satisfied all tho claims aEatnas them tbs
duct Of barclay vorhIcs throughout has been that of
honorable businessmen.
FIRST NATIONAL RANK OF FERN,
Dys vote Of tia stockholders, ths First National
Hank Of Pckfn will 40 uso voluntary liquidation
te lst Of April nozt. Their correspondent hcre hs
Union National Bank, stato that tho First National
l]AnlL of Fctsn Ia Of Tho nroHgcs interior banks
u1lera bclevs that those Of tleua who desire to
t!nno In tho banking hntihtss do Hn to moro al-
vantage the State law than untcr ths National
1ankng act. The First vico-1sostdent and Cashier
Will continue tho business under tito partntthhp Of
Leouarl l. Blossom.
BOSTON uASE rnoF5Ts.
Tho Do'ton Ioss Of tile a'.h n. says: "Qnite
Specialize nnnlbnr OF uostan bank directors seemed 10
10 rather mora busy to-day In deciding tLa amount Of
s!f April dividends than they wers In passing upon
tue merits Of business paper oGercl for discount by
regular customers. In tho latter there pcrlapa
slight aaln compared with fortnight or thrro weeks
ngo, but In tho mater Of dividends do mot hear Of
any iucrca*o compared with October. Bofuo will .nnrk
down ,lltic but lu not learn Of moro thnu ono
at viii probably pass altogether. All things coh.l-
tired, tho banks appear 10 havo done quite well for
their stockholders could reasonably Layo been anc-
lpased."
THE RrAsp TAX.
Tho r1iInEs Of cotnmlssloner Douglass on ihc new
Stamp law, III Ills recent letter to tic rres!-
ilont OF tic daflatin National Bank Of Now
lork, excite SURPRISE Tho Coinruissoner declares
that n starDr must 10 put on plain rrona-
sory noto issnel by merchant which merely
lroEuses to ray given ausn Of money ut certain
tate, making reference to tie rtace Of payment II
tlere In any understanding bowecn tho maker Of tho
noo and bank that Ills note shall o paid by such us-
tntion and charged to lis account. According to this no
Mnn would be safe in tho receipt purchase Of
proisEoEy noto without stamp. becauIe II The maker
pf It hal "any understanding" with bank ~ TO It's
lay1ncnt, tic receiver nhoug lls conilt krnw noh-
Ing about It, would 10 abo to tho full penalty Of tho
law. II Tho note does require sam1, ignorance Of
Tbs fact would not rrltcyo tho offender. Every note
altered fnr scoupt ,roni1 havc IN Ia ut,,,n,d a.
,ou1or :, ,,ro f,- NV ,,o ~ 1n,I ,,., !. ~
In rnf.rrino ~ III. 1a.,s,,,, ~" 1',u.x, <....
,nt,ee ssrs +dttor3.,,v.
That ,,nacr ro]or nf n. t-,a,r, -,,,,. ,,uo,,,.,
the entire finess of The co,utry il to o uusosted y
these osel1l reatIetions and applications. Tue Com
n!sseau " eAscNi!ne me iaW aA It stands,
@ b' ~ 49, ~ ~ ~ y. pllsho 4eelHinNoh On nlA own
a .. ~ neao @" aaJ poss'o's efhaaoh OF lie actual
eAHet'Ae1'' ..
. TIE WESTERN aA7iSdS nASK.
Tho Western EAyinga Dana Of St, Louis which su.-
,cr,l.J IN tbo 1.t1, inst {. IN l.. c,o,,f ~, H., NJ,
,.h,,,s. rI, ~ :. ~ - ~
o.Ao'a"' ntAn5 ft' teae =. tAo d1os1 remains uF"
pa. ana the Liabilities aro sl SOY. The total nEscts
arc edn,ated By the Aasgncc AZ $lI81HTs3 Including
fhr en- n NJ rioc. t,r,,if mn, u !, ,~,o.. ,t,t A.,
s.r..i,,w. ,.in ~ ,tt ~ III ,,s,. .. 'Ass .o
sl7''of' "'1 ~ le" IL 'uts Mean"a'!cs tne ocpos-
H"fT, who eaWays arc unreasonable III sHc cases.
Crc,s thcselycs tho naive language of tbs g. Louis
t}obr q. rons1nroiv anpprsd i,x h.,nu d,,-tv,d ~
M a.. =. -, ..r - "'''s 0sP'''eoo VI
'so Nso oi i"ci' 1'oaeS.
NATIONAL hANEs oHbAN1zEn.
Tho Uptcl Statcs CouutrolJsr OF tl,o t:urr,ncv fur
,,.t.. 49, s.,sHs', A..s. y. .uo eu''uncy 'us'
,ro.r,,,J, 0
",:;i'--Tlird National Bank Of Allegheny, Pn,