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MONEY AND COMMERCE FINANCIAL, There was an increase in the counter business of the banks. The spring trade is steadily improving, and deposits show an upward tendency in consequence. There was no Increase in borrowing, except that some of the Board of Trade operators are rusking arrangements for the amounts they will need to make their nettiements on the 1st prox. Mercantile borrowers are still confined mainly to those who have to make good the fathure of their collections. The miscellaueous demand is only fair. Hates of discount at the banks are F@10 percent. On the street, rates are 7@18 per cent. New York exchange was firmer, and ruled at 60c to 75c premium for $1,000. Currency was shipped to New York by some of the banks to keep up their balances. The clearings were $3,400,000. BARCLAY A VORNIES. The firm of Barciny & Vorbies, who suspended a few days SKO, have paid their creditors in full. Ata meeting of creditors held last week, the firm submitted a full and caudld statement of their assetsa liabilities, and & plan of acticment which was accepted, and which entisfied all the claims against them. The conduct of Barciay & Vorbies throughout has been that of honorable business-men. FIRST NATIONAL BANK OF PERIN. By a vote of Its stockholders, the First National Bank of Pekin will RO into voluntary liquidation on the 1a1 of April next. Their correspondent here, the Union National Bank, state that the First National Bank of Pekin In one of the strongest interior banks in Illinois, and that this step is taken because Its stockholders believe that those of them who desire to contimes in the banking business can do 80 to more advantage under the State law than under the National Banking act. The First Vico-President and Cashier will continue the business under the partnership of Leonard & Blossom. BOSTON BANK PROFITS. The Boston Post of the 25th inst. BAYN Quite a respeciable number of Boston bank directors scemed to be rather more busy to-day in deciding the amount of their April dividends than they were in passing upon the merits of business paper offered for discount by regular customers. In the latter there 19 perhaps a slight gain compared with a fortnight or three weeks "go, but in the matter of dividends we do not hear of any increase compared with October. Some will mark down a little, but we do not learn of more than one that will probably pass altogether. All things considtred, the banks appear to have done quite as well for their stockholders as could reasonably have been anticIpated." THE STAMP TAX. The rulings of Commissioner Douglass on the new Stamp law, in his recent letter to the Prestdont of the Gallatin National Bank of New York, excite surprise. The Commissioner declares that n stamp must be put on a plain promissory note issued by a merchant which merely promises to pay a given sum of money at a certain date, making no reference to the place of payment, If there in any understanding between the maker of the note and n bank that his note shall be paid by such Institution and charged to his account. According to this, no man would be safe in the receipt or purchase of a promissory note without a stamp, because If the maker of It had "any understanding with a bank as to its payment, the receiver, although he could know nothing about It, would be liable to the full penalty of the law. If the note does require A stamp, ignorance of the fact would not relieve the offender. Every note offered for discount would have to be stamped to render it safe for any one to deal with it. In referring to this decision, the Journal of Comincree says, editorially That under color of the trilling change proposed, the cutire business of the country is to bounsettled by these official restrictions and applications. The Comunissioner, instead of executing the law an it stands, has goue into a course of private legislation on his own account. to head off any possible evasion of the actual chactinent. THE WESTERN HAVINGS BANK. The Western Savings Bank of St. Louis, which suspended on the 12th inst., is to be closed up by its stockholders. Sixty per cent of the stock remains unpaid, and the liabilities are $61,508. The total assets extimated by the Assignee at $148,187.53, including the $00,000 of stock unpaid, and It is expected that the depositors will be paid in full. Meanwhile, the deposHors, who always are unreasonable in such cases, BIpress themselves, In the naive language of the St. Louis Globe, as considerably annoyed by being deprived of the use of their money." NATIONAL BANKS ORGANIZED. The United States Comptroller of the Currency fur. hishes the following statement of National Banks organized 2,235-Third National Bank of Allegheny, Pa. Authorized capital, $200,000 paid In capital, $100,000. Jonathan Gallagher, Pre: Elent William A. Clemens, Cashier, Authorized to commence business March 18, 1675. 2,2/6-Dismond National Bank of Pittsburg, Pa. Authorized capital, $ 00,000; paid in capital, $200,000. Abraham Garrison, President John S. Scully, Cashier. Authorized to commence business March 23, 1875. 2,217 -Marine National Bank of Pittsburg, Pa. Authorized capital, $200,000; paid in capital, $100,000. W. H. Everson, President W. C. Macrum, Cashier. Authorized to commence business March 23, 1875. THE RECENT LONDON FAILURE. The account given by the London correspondent of the failure of the house of J. C. Im Thurm & Co., of London, shows that it was a more serious affair than the cable ermitted Us to know. He says : With India and South America their transactions in Manchester goods were on a very large scale, the extent of their business being at once apparent when it is stated that their acceptances amounted not very long *go to about £5,000,000 sterling. Latterly, however, their liabilities have been much reduced, but they are Fill estimated at £2,000,000 to £2,500,000. The firm has been reported as being in difficulties for some few months past, and the loss of credit it has sustained in consequence has prevented It from obtaining a renewal of in bills. A large amount of capital is locked up in the Arm, and at present no information can be afforded as to the prospects of the Hquidation of the estate, Mr. Thurm Is, wo understand, in the South of France, suffering from ness brought
