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Nearly three quarters Of the whole amount In the
pet banks Of New York, Boston and Phadelphis. The
increase from August 2oh to Sept 2ai amounts to
- 35i 1896 which larger than for any previous month


The surplus revenue that Is steadily and rapidly
cumulatng, must find outlet from the banks holding
to the credit OF the government in speculation or
movement OF trade The government have no use for
fast received and the banks net usually disposed
to allow SO large remain lie. About Eve mil
lions of the surplus will be used up in paying the
loan due the Sis Of December and about two millions will
be absorbed in reeemng the outstanding Treasury
notes This will part Of the evil for time, but
fear the receipts will far exceed the payments that


very large amount will yet remain to be disposed Of


By the arrival Of the steam ship Caledonia at Boston,
from Liverpool we have received advces from all parts
of Europe fifteen days later The commercial accounts
ot the most favorable nature and indicate very pros
porous state of affairs The harvesls throughout the
kingdom have proved unusually abundant and the
ports from the manufacturing districts are looked upon
being very satisfactory The money markets Of Europe
in very easy state and the rate Of interest very
low. The Bank Of England discountiug low "a
per cent The cotton market very slightly depress
ed account OF decline in all descriptions The
Bank Of England pursuant to the reg slang
banking has published their first return for the week
ending Sept 7th. The form differs entirely from those
vously made being the separation Of the items ap
plicabs respectively to the issuing department the
banking department Under the first head We nnd the
amount of issued under the latter find the depo
sts the held Of the public moneys including
chequer, Savings banks, the aggregate Of bullion and
coin in the two departments, &c. =


E~a n.nc