, 1875-06-26
STATE OF TRADE.
HD,all Amount of Commercial l'il-
pcr Offering Mt tho Bnnks.
New York Exchange Firner".-8usi'
ness on the Street Dull.
4 steadier Feeling in Proaucc"-.Grain
Stronger, with Light Shipments.
Provisions Quiet and Pork Easter-.'Iat'
est Foreign and Domestic
Market Reports.


AATktt 1tEpOfDt
FINANCIAL.
The operations Of the bsnkz and hnancial agents arc
married by difninishinr importance an the summer
wears On. Discount lines are being diminished by tho
liquidation Of obligations and The deroftts fo not do
erease In proportion. The oanablo resoprces Of the
banks naturally becomo almost bur1cnson,c in this
Itats nf affairs. Tharo Is small snount Of wool
papcr and sons lumber paper Offering; bn. t,ls!nces
In loanlng circles II mainly confined to meeting
tho slight requirements Of mercantile and noarl Of
Trsds customera. The bankA hare to carry the lnr,-
rermen 10 Rreaser cxiens than usual this summer,
account Of tho weak market for their products. acr
lencs 10 adjust th6ls operations to tho contracting dr.
Erea Of consnmers and In consequence their dealings
With the banks arc NJ q low 1gure,
R4sta Of discount at the banks atn eG911 per cent
10 regular cuatotcrs u good outside borrowers rates
sand , rer cent better are freely accorded
On the rcet there Ia littto b,,. rory tir, Of the
ost1-faahlonel o-pcr-ccna month Duslness leudcrs
unusns1ty cautious, snd ,nslst OH security. Au1
borrowers who furn!ah II nesl not pay war prtoes
Rates nre ca 10 pcy cent
New York exchange sro*r hrn,er. Quotations s.s
6ta75s prennu between banks for Il 900.
Ths clsaftngs were 1,o00,0co.
SEARCHING NAT1oSAL nASKs.
~ HE8 wv tihE6tE o. iDt8fH4l ADfdnGD DE-
partnent Hero searching the vatts OF Tho National
Banks of ts city for unfsmpod checks w stated In
Ills column that I,o future would show that tho
Government was tr1nhcendtng lts powers. TIC held
that tho National nank act, by The section 5 which
snAcse1 ttia& "tha association ahal not 10 Sub
ject to any othcr vtaitorial powers than such
~ authorized 1y this act except snch as
aro vested In tbs scvcsA cnurta OF Law and
chAnceryts protect the hunks from s1ich in1uIst.
toral c1aminttons. This opinion has bern aair.npd
br tho United Btatcs phttcs Court At rittahurg ra
Tho eass was sut brought br tho untted slates
sga!nst William parthilt the Cashier Of tho atonol-
gaoiA National Bank Of brownsville, Pa., 10 recover
tIo penalty for his refusal 10 sllow Deputy internal
Revenue Collector 10 inspect tho checks on nlo IN his
bank. TIo defense rested lhe.r on two polnta:
FrH-Thns Sec. 3,lT7 Of the Nesise Htatutts of ths
United Sates. page Gf3, doea not In terus, hy far
ina proper 'mplicatou oxsend to OF Include Nasoua
ostoad-1ha. Eat,opa1 Tants sre o1pruesly protected
taa1nat my othae v.ttorist rowsr1 toa aae IN are
authorized by Eald act, aud aucA vested Ia the
oolfts of hv hud chancesy.
Tho court declded agalnst the United statcs. II
tho decision h upheld bJ the Supreme Cours, tho
numerous bankers who havp had to compromise with
thb Government bccauso They yielded to It's unwar-
nnte1 searches sil1 anl ts Ga&sfaetion In thinking
over their Investment It Is said thbt sato Dark tn
Fscepor 1a, haa alao rcstsed tho right Of te 0oy-
ernnent to insrcct til papers, md similar suit
against It Is pending.
uaSR X1HnAsAuENENr ~ CANADA.
Some recent revelations with regard 10 tho Jacouoa
Cartier Bani that suspended lately not Of kud to
reflect credit On IT. officers, who krpear 10 have been
guilty Of criminal negligence. WIS
Of their vices. Tha Czser lent Ais hrothsx-tn-
law $6ar0oo, and doetored tho accounts 10 bids this
transaction, and some others itke It. Tho Star asya:
The NortAoEn Colonization Hallway contractors ars
dehlor5 to the extent Of $5o0oo0 Victor uudson one
Of The Directors, has lent his coton-factory SiDo
oo0, and F. D. McName like smount. Several ecce.
stastIcal bodies hava received so1pe f310, ,O00~
II tAces statements be rnc, tho bank should havc
besu ahut mp long time ago, sud its olcsra should
Ia shut up for long ttnto 10 came.
TUE TREASURY ooLp BALANCE.
The Eew York paiy Huiittfs. In auswcr to corec-
srondent, BUNKER" wlo inquiries about tho couro-
dan of tha eou baiauca In the Ts%asusy, says that
"tht methoA Adopted by tho Treasury Of atatinH ,a
on hand reuua In serious mistakes IN tbs public
taIud u ia tho nmount Of gold rcaly owned alks hy
tbs Government aud The publtc."
The Baiktn anasysea tho composition Of tho s4c,-
oo0, 600 which reported Ia be held IN the Sub
Treasury 1t New York Oh Tho 2tss inst 1t cous!scl
OF Of gold. = soo Of ailycr and g so0-
ooo Of coin certiacates. This paper gotd 1t ssys:
"a, n@spsesenttna @ originally ao,a deposited W te pub
,nto thu suTreasury chteHy ss customs dues stI il
hSaitinH eahseation hna whi,e 10 aFalting u count
q a. ~ ~ osh soa so' for Dookksorna
seplen Of nearly SO ooo ooo ii tho amount Of god
owned by the ruhlic, - well ~ to III errnr of Tho
country.
Thess Is another fsatura os The Treasury syaten Of
bookkeeping hat requires to 10 explained to Ae pub
lie. Tho loan syndicate accounts aro so kent that
millions credited u The Government, aana
eoanea In ts COLI balance, when ouy gold clsims IN
sho Government t. c.; bons coupony) arc to 10 70
coavcd In settlnneat." This coin balance was In this