The Discredited Illinois Banks

III - III Frora the Chicago Tribune, MarcU I. Thcro was considor.iblu escitemont vesterdüy raorn ng undor the imprussion that our city banks would throw o:it the bilis of tho banks that had been reportad placed in lujuidation by tho Auditor. It calmed down towards the close, when it was found that they were taken aa usual f rom deposi tori, and it was agrood by the banks to continne to treat them llie ramo as a!l olhor Illinois curroncy. Öomo pi rtie?, bent on speculating in these büls, made every possiüe eflort to inaugúrate :i diQ'ürent polioy, but they were unüiiceoasfnl. It vurns out that the dispatcfa from ttpringüuld did not give the faota exactly as they aro. The Bank Commisioner simply roported to tho Auditor that the banks cüllod on for additional eecuriiies had not responded Under the provisions of tho amended law published this morning, tb ia gives holdera of bilis the privilege oi withdrawing bonds if'they cliooae. Their exact status is ehangod very üttle from many othors in the ötate. Atthepriee now ruling in New York for State utocks, but coiTipnratively few of our State banks nro fully securod. By the report of Ilon. S. A. Hulbnrt to the UouRy of Representatives, it appears that $1,749,393 of our eurrency are Vasod on Btocks worth 90 cents or leas, 2,203,907 rango beUveun 90 and 95 cents. Tho pooplo and tho banks have Wa taking the bilis for months past, whea many of thflirt were worth loss than they are now, and, now that tliey haye carned them thit'Ugh nuurly to the opening oí navigation, u woulü bo the estreme of fnlly to dis credit thern. The eöiict would simply be to enricli brokers at tho expensa oí tho peoplo. Within thelasï thros days tho prioo of stocks in New York lias Viuen steadily ndvancing, and of course the valuc of our money is as stuudily iiïiproving. Missouris havo appreeïated some 3 por cent , closing yesterday at G7 7-3.