The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1854-07-29
THE MINNESO TIA N,
SATURDAY MORNING, JULY %, 1854.

SATUkDAl MOhNiNU, SOLA e, Aoof'
The MONEY MARKET.-The Cincinnati Com
mercial OF the Sth, in speaking of money mat
tiers of that place, says considerable want OF
confidence exists in commercial circles, per-
haps more than at any other time during the
past year and all business paper offered, ex-
cept that to which no suspicion can be attached,
is negotiated with great difficulty, and at rates
ranging from 1s to "a per cent. per annum,
while undoubted paper goes at 10al2 but
there is little of this first class paper found In
the streets Business continues dull, in all de-
partments, and the present aspect of affairs is
far from satisfactory.
In Chicago, according to the Democratic
Press of late date, money is exceedingly close,
perhaps more so than for many months past
The banks are still supplying their best Gus
toners, but at the same time giving good ad-
vice to all to make the best possible use of
their funds. for the time may soon come when
they may be obliged to shut down the gate
entirely. What they do is at the regular
rates, viz ten but in the streets two to five
per cent. per month is still freely paid. Cur
rency and exchange are especially scarce.
In New York, we have q better state of
things, and expect it will improve soon in the
different cities of the West. The Tribune of
9TH says that the market appears to be comfort
able. although for the moment much capital is
unemployed by reason of the caution of lend
ers in regard to securities. This caution has
al md - oc 4
changing of securities, which has created some
activity and an enlarged demand for money,
but we hear of no marked difficulty among
good borrowers in supplying their wants. Pa
pers goes at llal2 per cent. Of frst-class and
Is not very plenty. Call loans are per cent.
Mr.. SCHUYLER AND THE ILLINOIS CENTRAL
RAHRoAD.-The Chicago Democratic Press says
that the fact that Mr.. Schuyler was a director
In the Illinois Central Railroad, will not affect
the interests of that company in the least but
he had given large contracts for the building Of
roads in Wisconsin, which will of course be
obliged to suspend for the present at least The
N. Y. Tribune, of the 18th, has the following in
regard to this road -" In another column will
be found the call of the Illinois Central Com
pany for per cent instalment upon their CO.
pital stock. The capital is Sl7, 100000, and 5
per cent. only was called in. The responsible
holders of the stock did not contemplate any
further call nevertheless, the whole S17.OOO,-
900 was sort of contingent fund ready for any
emergency, and recent events have induced
them to use portion of it. 1t will be borne
In mind that the sl7, 100000 per cent bonds
secured on lands in fee, valued at 1000, 900,
were estimated as sufficient to place the whole
road in complete working order. These bonds
were all, except the last emission, taken at par
and the construction has gone on rapidly until
Its approaching completion justifes the esti-
mate that the bonds would suffice. Neverthe-
less the money market became tight, and at the
moment of returning buoyancy the Schuyler
frauds produced renewed panic, although Mr..
Schuyler had nothing to do with this company
The directors now come forward, cease to issue
the bonds for construction, and assess them
selves and friends per cent on the stock to
pay cash instead of bonds for the work yet to
be done, thereby displaying unlimited conf
dence in the success of the great work, as we'll
as the amplest means to push it rapidly to COM
pletion, in face of every obstacle. We learn
from the Vice-Prcsident that applications un-
der the cOmpany's notice of sale average 5000
acres per day, and amount to zoe, 900 acres, al
most entirely from farmers who seek to extend
their lands. The minimum rates are SO, IS,
SIS and $50 per acre, or 3, 4, S and years Gre
dit, at per cent. interest per annum, the first
two years interest payable in advance. The
price of the lands depends upon their fertility
and nearness to stations"
To- One of the Chicago papers pounces on
somebody like thousand of brick' for cart
ing hides through the street one of those awful
hot days. TWAS thought an evidence of barba-
rism intolerable.
@- Mr.. and Mrs. Fassitt delighted large and
fashionable audiences last night and the eve
ming previous with their concerts. In regard
to their style and artistic skill we have heard
but one opinion. They give concert this
evening at ST. Anthony, where we bcspeak for
them a crowded audience. We hope they may
be induced to repeat their interesting enter
tainment here next week.
D-We notice in Putnam for July, sent us
by Hamilton Co., the following brief poem,
probably from the pen of an excursionist:
ST. ANTHONY'S FALL.
All we excursionists going to see
The Falls Of good St. Anthony,
How many falls pray had he?
Ask him please thing 10 tell,
By what temptation first he fell.
This is the whole effusion, as it appears.
FLOwERs--Some of the finest boquets mag
Unable have been gathered from the beautiful
flower garden at the Episcopal Mission House.
Heliotrope, verbena and mignonnette are among
its choice plants.