The daily union. [volume] (Washington [D.C.]) 1845-1857, 1849-04-05

of con TO be replaced In the treasury Boston, Phade
pha New Orleans any time within sixty DAYS at the
option of the government. This is in plain English a re-
quest TO give them the OF government funds relieve
their necessities There plea that the business
government requires any such arrangement Though the
treasury may be perfectly safe in making the arrangement
with these parties there surely can be no law ior H. II their
arguments upon the transfer OF coin made by Mr..
Walker some months ago be sound. Ii is dangerous
scheme if it be legal to use the public funds to AID
the business operations of this that friend In fact is
revivng the system under which the Bank OF the United
States led thousands step by step to ruin there
fore question whether when Mr. Secretary 10 look
steadily the he will suffer his to be thus used
The statistics Of the weeks business 20 satisfy me
that disposition the part of moneyed men to check
Speculation, rather than the alleged deficiency of coin
in the city, Subject to be used in commerce) is the
of the late ghness. When the coin in the city
banks last Officially counted, ii amounted, in the
aggregate 34,376,0O0 This the Sth of Febru-
airy, some two months since. On Friday il S4,-
go 000 showing decrease of but Sl06000 There
then SS90,000 in the independent treasury vaults
here than al pr But the difference in The
hand for the publcs trade transactions is slight that it
produced the relative difference in the condition
of the money market the periods named Now the
i'm poriaons have decreased wonderfully within the last
weeksneary million of dolars-which, in its effect
the money-market will more than make up for the
slight difference in the coin in city bank vaults On the
whole therefore, Mr. Secretary Meredith must look closely
this application or he will find that he has been betrayed
into using the public funds to aid private stock operations
rather than relieve the business community as is being
represented TO him.
Accounts from California published here within the last
oryegh hours have greatly served relieve the fears Of
those who have property out there well as Of those
preparing make the voyage. With but 81 1000 raised
from the mines this time, however, and half that
gone England there is bright prospect that those
who have invested in the trade will receive the
ooked-ior returns shortly. very well informed CONNER
cia observer that nearly twelve millions Of
properly have gone from this city to that region!
har INN he Of
gain credit with the business world than those Of
any other person ia the city So much has already been in
vested in this speculation that must follow If but to
that; at least until blow up may occur
The present legislature of New York is drawing rapidly
close So in Washington, during the last days of
session. important bills being pushed through with
horse speed The lawyers byheby, have beat the
public in the contest the continuance of the commits
sion revise the law practice and pleadngs of this State
The battle has been long drawn and hard fought The
public demand that the practice shall be simphed accord
ing the intention OF the clause in the constitution
admitting any in good repue the bar without pre-
vious study. The lawyers maintain that the reform
reiom-a absurdity, nothing They have
stopped the abors of the commissioners who, for some
time past, have been chopping, pruning, looping, and
pairing away upon the practice of the effect the
purpose of this clause of the constitution This has
been done by prevailing the State Senate to refuse to
the bill pay the salaries of the commission In
future. OF these gentlemen will not day
after hi. stopping of their compensation goes into opera
tonno they The friends of the law reform all the
State already calling upon the Senate take up the
bill and pass it; and at the time they
'he profession" without mercy for interfering kill the
bill.
The lawyers will have to give way for time, until the
practice is chopped and pruned that will be without
head taii-a jumbo which comprehend
Then they may have their way again and if prudent will
submit with good grace necessary and healthy reform
the recently complicated practice of the law of the
State. w.