The New Orleans bulletin. [volume] (New Orleans [La.]) 1874-1876, 1875-06-06
COHnERCIAL MATTERS.

Tho New York Nation thinks that the. most
depl0table revelation made by the whisky ffauos
relates to tho condition Of our civil service, ana
It eays: A far q our observation mas gone,
people are much more occupied with the vast ex.
tens Of the whisky frauds, and with the TACT tnss
the seizures will bring in million Of money OF
nsxeabcuts to the treasury than WIN d see tS S
Ehuds possible, and yet the one is very u'nins
matter, and the other all-important."
Warrington dispatch s.ys: Some nangeis.
on Of Southern and Southwestern nen1s =. ~
ont that they will have strength enough 70 n peat
she confirmation Of PIerrepont ~ Attolney uH ~
eral. in case he has courage to inaugurate tne
reforms in the District Attorneys an: :sc;oDo TO
which he Is now directing his attention. -
Bank Of In gland Circulation.
The London Times Of the 18th says:
The increase in the circulation OF the BANK OF
Englaud notes has been remarkable during the
past three years, and the total OF Ell ,2oOo . &C.
cording to the last bank return no. rsL tha
increase has been going on steadily for years, u
has only been since 1872 that the amount OF bank
notes in the hands Of the public has increased a.
total exceeded f27, 600, 900 for the first time. In
1873 the total ranged somewhat under that hguIe
when the circulation was ct its highest, put Iel
vary little under e., 000, 600. In 1874, nine OF
passed f27 900 900, and it touched the highest
point ever known in the return OF October IL,
when the total Of notes out was Ell 660, 43O.
That this remarkable increase in the notes ID
likely to be permanent seems to be shown IN me
fact that already in 1875 the total has passed ~
100000 earlier than in aly other year on three
different occasions, but the maxim nm iesue OF
1874 has not yet been exceeded. To whatever
other minor causes this increase in the paper
money Of the country 10 due-and there are,
probably, some-there lie little doubt that it is to
large extent owing to the increased information
q business we began to transact from the con-
clusion Of the Franco-German war, which WAS
the immediate cause OF many important CONT
mental monetary institutions opening branches
In London.
The Change IN the Tide Of Immisratien.
It IL rather startling fact that the equivalent
Of nearly one-halt Of the entire emigration from
foreign countries to the United States now goes
% q TSs sss Sess fSe total number
Of immierants arrived at Castle Garden in New
York in April was u. 49, being 5oS5 less than In
the same month Of last year. The season OF
States is the six months from the first OF April
until the last Of September. The total arrivals
Of immigrants 1T al the ports OF the United
States in this season Of the last two years was as
follows, viz:
Six months ending Sept. so, 1874 ...... .1s6, 4O4
OF the above number, nearly three-quar.ers
arrived ct Castle Garden, In New York: the
average monthly arrivals OF immigrants at New
York during the six months ending Sept. 80,
1874, were. 2S,SOO, and dnring the six
amounted to 1880. The arrivals at New
York for the month OF April just past, therefore
indicate that the total foreign inning to the
United States from Europe is at present only
about 0ne-third % large % it was in 1873. But
the causes which have decreased immigration
from Europe, viz. !: the cessation OF great i'm
provements, and the scarcity Of work is also in.
ducinR large part Of the resident population OF
the States east Of the Missouri River to emigrate
p California and Oregon.
A New Rule in Regard to Signatures Of Bank
Notes.
The Comptroller OF the Currency has recently
made rule which, though it may at fret sight
seem Of minor importance. will, II enforced, OK,
ercise an important influence to diminish ational
bank circulation and to hand the control Of bank
ing over to muscle instead OF brains. The ma
6onal bank act (sec. 23) requires that the circu-
1ating notes OF the banks "shau be signed by
the president or vice president and cashier
atofy promissory notes, payable on demand at its
1.-THE banks) place Of business"
Now, with the ecedent Of Treasurer Spinner
before them, some Of the banks had adopted the
pFactice.0f having the signatures printed or OF
stamping them on themselves. But Controller
low five dollars in denomination) shall be re-
turned, cancelled, and replaced by new notes,
whereon the signatures shall be written by the
o6icerS in Ill cases. If this order is enforced
many Of the ablest officers will have to resign
the places they have rightfully won by long lives
Of industry and care. Many bank officers are
advanced in years, with failing sight and inarm
hands, but Of great experience and judgment,
with pressure on their time that makes it inn
practicable for them to do the mechanical labor
AZ signing the multitude Of small notes that
many banks issue.
.