Year: 1859

| NO sales of insurance stocks announced and
quotahons obsolete for the present; but all Joint


stock companies are held at the highest figures of
the season.


In uncurrent or distant bank notes there have
been very few offerings this week. We do not call


IN our vocabulary the issues of the thousand and


one banks scattered, not here, but over the great
west and in Northern States, with few shaving


or swndling Shops taking advantage of the laws of


Georgia. We do not call the issues of these manu-.


factories money, not event uncurrent money though


they have some standing or little credit in the i'm


mediate neighborhood of their pretended locality.


The banking laws of many States are so very mild


and of SO little strength that not only coach and


four, but coach and six can be driven directly
through them; and yet, with all the experience


learning and intelligence which ought to peryade
the minds of well informed and intelligent legisla-
tors, we observe that in the provisions of the bill


now before the Legislature of Tennessee to re.
charter the Planters Bank of Tennessee that only
the one-fourth clause is adopted Now, this is not
sufficient We insist that the specie clause should
be onethird as the only safe basis. The banks Of
the city of New York have by voluntary agree
ment considered that 20 get. of coin is sufficient.
They may have occasion to test this rule ere long
provided the teegraphic dispatches received this
morning (of ifeeling between France and Eng
land) prove to be correct. We do not intend that
our remarks on uncurrent bank notes shall grow


into homily on political economy, though we have
good foundation for extended expressions on that
head, we have no space to devote to them.


There have been few receipts of silver coin and
bullion this week. 100000 will cover the entire re-
ceipts. The disturbances on the Rio Grande check
shipments from that point There is, however,
considerable amount of coin and bullion in and
near Matamoras awaiting safe conveyance There
was no safety on the American side of the Rio
Grandc at last dates for transportation of the preci
GUS metals. A small amount of silver was received
to-day from Vera Cruz. There has been very little
doing in American silver coin. Some few thousands
of half dollars have been received from the coun.
try, which have been taken by dealers and brokers
at 3d. or f'ct. dis. The selling rate is from 5li
dis. The banks receive them daily from their
regular customers in small sums only. 1t is mani.
fest however that if the Secretary of the Treasury
will rescind the order authorizing only 12lc. to be
allowed W ounce for silver at the Branch Mint and
l223 it would do more good to discredit
md force out of circulation the small notes of l.
than all the legislation and debates of State legs
ators which have been brought up for the last ten
years.. But lobby influence is great in many State
,apitos.


Land warrants are dull, and as there are very
ew acres of land entered during the fall and win
er, some dullness and depression are expected in
he demand Uncurrent bank notes are heavy at
ur figures. The decline in exchange on NewYork
las great effect on most of distant banks All


nds and descriptions are readily purchased on
amp street.


We append our usual weekly quotations of coin
nd uncurrent bank notes. being those of John
Wood & Co., Camp street: /.