The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-04-20


NEW ORLEANS IN GOOD CONDITION TO ne
sUME, But THE BROKERS STILL WISH TO
MANIPULATE THE METALS FOR THEIR OWN
BENEFIT.
[BY TELEGRAPH TO THE HERALD
NEW ORLEANS, April 10, 1875.
In interviews with prominent brokers and bankers
here there appears 10 bc considerable feeling tho
subject OF gol payments. As the brokers have been
making qaito = good thing by manipulating
gold they much opposed, and us far US
they can will, II thought. use their Influence
against resumption. The banks, however arc favor-
auc, ana u Is sad they win VI early date pass
resolution redeeming all their circulation In gold.
they never being IN n better condition 10 do 30 than
now. AS an example OF the uDcertninti.s IN which
present system Of coinage aud currency places
here, u prominent broker today stated 10 you
by actual assay ana weight ABOUT 500 IN every 800
more than our now silver dollars; and yet
New osicsns ships Mexican dollars 10 New YORK thcy
refuse TO receive them except al several dollars ois
count. Undor our present coinage laws these Next
can dollars can be meitsd the gold winch thcy
contain extractcd and the silver coined INTO aol-
Iars, making handsome premium. IL tho govern
ncnt Is the purchaser II makes this premium. but
q, Morally made by outside parties, 10 tho loss
inc government. To-day being Good FRIDAY being
legal holiday nothing was zone IN banking CIRCLES.
ANOTHER BUFFALO BANK READY TO PAY GOLD.
lyY TELEaR ,PH 70 the nERALD.l
BUFFALO, April 10, 1873
Mr. r. q. Spaulding, President OF tho Farmers and
NccnanIc National Bank states that thcy are ready
redeem every dollar OF their circulation In gold at
ANOTHER CINCINNATI BANK OFFERS GOLD FOR
IT'S SorEs-MAxuFAcrURERs PAYING COIN
TO THEIR EMPLOYER.
INK rlLEoRApn TO TIE HRgArp1
CINCINNATI. April 10, ls5a
The National Bank OF Commerce, OF this city, may
Be sad 10 have fallen the column Tor resumption
Nc II. u. Bissxcii, Its cashier, said TO your cor
respondent to-day, N any holds Komo Of
paper and presents ~, asking Tor the gold. he
can have u, though We don't propose 10 advertise
that We paying out specie ana thus start every
broker In tho country TO sorting out our paper and
turning it TO US Tho Bank Of Commerce has q
capital OF $4,000 and n circulation OF sl35, 900.
and u wouldn't worry them much TO
provide for tho redemption OF all OF t. several Drok
crs WHO had been sorting Out the paper OF the Third
National Bank all tho week made uemand on them
to-day and drew out 81 900 10 gold. Tho demand
from other sources was very iignt not more than
siOo having ossn drawn out ey private holders , o.
day, though u little nrmcr than
on previous occasions this week fne bankers
were buying AT thrce-cigbths Of one per
cent aud selling ~ thrce-quar, ers, though the
oniy sactonslreportod were where manufacturing
nrms bought gold 10 pay on their employees. THIS
temporary stncn,ng OF ihe prem on goiu dcserfcd
two or three country banks IN this neighborhood
from announcing their readiness TO redeem their CIR
cuation IN gold
Inc banks ~ Hamilton and DAYTON arc reported 10
have their preparations male 20 commence rcdccDlng
thcir cIrcuiaiion on Monday next
SPECIE PAYMENTS ny BANKS AND MIRcHANrs.
INK TELEGRAPH TO THE HERALD.
ELciS, ILL.,, April 10, ISIS.
The Home National Bank will tomorrow commence
redeetning bills Of It's issue with geld and new silver
dollars several merchants to-day began paying gold
10 changa
SALE or SILVER To THE GOVERNMENT
SAN FRANCISCO, April 10, 1878
The Nevada Bank has sold 100000 ounces OF nno
silver 10 the government, deliverable Carson mt