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THE MONETARY SITUATION. A QUIET DAY ON 'CHANGE. Condition of the Central National Bank and of the Banks Generally. CLOSING OF THE CANALS. Yesterday was quiet day on 'Change, and, save the prevailing dulness, one would scarcely have thought for the country was passing through a great forfinancial crisis that had already shattered the tunes of some of the giants of the monetary world, and crippled scores of others only less in stature itself to its in strength, and shaken the nation very centre. Yet such was the case. It was EBB TIDE movein our troubled sea. and only very gentle never ment, sufficient to indicate that its motion being ceased, was apparent, the seeming pause reason also full of promise of an early now. stock One market of this expectant condition in the approachwill be found below, in reference to the when the of canal navigation, ing close from the West to the whole freight traffic the railwill be thrown upon so seaboard their earnings and roads, increasing speculation in their stocks. The stimulating condition of the banks noticeable in the to improved increase of their joint legal tender encouragement, reserve $21,000,000 brought also with it the in its manifestation, however, by checked want of accurate knowledge concerning their real condition. Rumor was again busy with THE CENTRAL NATION AL BANK, and its failure,was freshly reported. While, correct in the meaning of this word, it may not be strict application to the condition of the bank in in question, its must be acknowledged there has was been reconstructive failure. The bank at least debtor at the Clearing House yesterday ported morning, whereupon the associated banks permit- it with ted it effect its clearances by supplying which it This may loan certificates issued upon collateral, by have been enabled to go through. but wise policy on the part of the associated banks,bu of all the people have right to a full knowledge their the facts to enable them to judge how far interests are affected thereby. As THE ENDOWERS OF THESE INSTITUTIONS, giving them the privilege to issue currency and on in them six per cent interest endowment know paying amount so issued, they have right to their the condition whenever that condition them, becomes and in matter of peculiar importance to know how connection they have a right to capital this more weak banks there are whose and who many impaired, as was that of the Central, supthe did Central yesterday. may is any day have to lean on its fellows The for Bank Exami port, as ner is the party to supply this information of their the public. He is the visible trustee duty, to in the banks, and should do his the interests the consequences. The capital of AS whatever Bank is to be reduced to $2,000,000. Central said here yesterday, this is no longer panic. It 18 xtravagance NATIONAL PURGATION. born the war and its The reckless vices thus engendered, financial results, and the proof has been manifest in which such less apparent Before body. in the body politic, are now the we can enter again the financial progress looking upon the of honorable national creasing greatness that the lastened upou of the as well lungous and former. more Honest trugality in direction business unders standing of our to great new course The great find an opporexpansion broken up, and small in their several depart of tunity for without the danger ments of trade, himself ergrown crushed by powert any shock. unable thstand labor must revised and relations of capital and each against undue their rights comb. nation the part nds and unhealthy impositions which huge the other. Those people, as in the case diviratiroads inflict upon exorbitant freight charges pay no existence, must be g dends on stock sense justice, of right, the id of, and higher the national Hie, while must must be governed by personal life PRUDENCE AND that these like virtues true the reme all ills, and will find the as we seek them or are degree, meantime, greater or less the much attain by their teachings in desired relief. At & meet Commerce called, vesterday, national character the Chamber the purpose of giv ing the that would seem. for in the absence of payments banks good document from the Bank Examiner came sirable subject of resumption of specie it was strongly tion, when to take immediate up for consider government ought that measures urged that the bring about that stating gentleman should result one any reason why releading falled to gentleman, delayed. The saine which he of econpublican, offered the day is suggestive "that the lesson of revenues lower prices, and of duminished of government and point accelerate return omy, the obvious duty to specie pay the banks to the Chamber will and that of United ments, be. the purchase gress o cause discon tinued need and the applicaStates bonds to be reserve notes, tion of the national gold but the power of tion of Treas This would seem to indicate reissue, &c. NEW DEPART the part government being tended on the be a wise one and the reputation financial what becomes of the secretary the Treasury President, which the presen office, and the referred his predecesso these very a sound acquired proposition above? the the to stop Treasury to resumption, accumulate gold in when and bonds,and for greenbac exchangeable the what and proportion fit. seem would the above The countr. plied might have resumed long since. extent least would be much richer, applied the Euro- the quence excess of taxes have less fear from the pean financial our debt. and would disturbance in consee government enormous amount there while in the absence which and others, held mark abroad, to the loan bonds the gov home this stimulation purchase its own unfinished weekly furnished, many financial failed tion would have ernment terprises at that encumber to obtain our the means of bills, becoming dangerous. EXCHANGE WENT OFF AGAIN days' FOREIGN any demand for sixty effect of this in the absence was stiffer. The is while short sight change market derangement the foreign where were the product unsettled feeling, apparent in with dull, and of because of_the lower yesterday difficulty of disposing Flour went per mercial bills. of the day which, be barrel from the deprecated price in the of hope although shippers, gives producers and hall and three there will be workingmen their income of the time, that reduction in the cost necessaries of CLOSING OF THE CANALS. with late the of rostration the Intimately connected rities the near advent about railway secur usually occurs canals, which long as of our the ist of December. routes Day the seaboard all shipped giving are open to that way, while water of produce Jack Frost, means bulky freight transport ansported by rail. of by the lighter his veto on this and then the utmo railroads powers of the blocking ever, puts the water courses are taxed to carry the the furnished freight offered. authentic reports of the West From the most appears that the crop simply enor- of ment awaiting hipment railroads capabl and Northwest question, "Are the now not only agi mous. The produce?" is but the commercarryin the all minds this of the manage an d tating generally is very easily given When must, cia interest to this query query the negative. flush and were The solution fear. be railroad wered in shares easily placed
