The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-02-28
NJ Rrksts.
THE MONEY MARKET.


The receipts Of dust iron the interior continue limited
sa6 the Indications that the shipment u treasure by
this steamer will scarcely amour, to the usual average
Tue general operations OF our mining population are
berg prosecuted under the Disadvantages incident 70 the
OF the year not enough rain having yet ALLEN 70
enable those IN ~ water 10 work their claims 10 ad
vartage change IN this respect can, however be anti
Grated during the present month, and consequent more
purpg the pas, fortnight money has been scarce in
trade and the Obligations contracted for this steamer
being limited the demand in the market not urgent
sns,on in both business and finance beng the feature
The condition Of our State finances prove Of CONT
nued interest 70 those holding her secures ana gra
tyrF 20 notice the prosperous state OF the treasury
where all demands paid In cash. and The odious sys
TEN Of scrip no longer in vogue Inc pest assurance
that holders of CALIFORNIA; Indebtedness can have that
she s earnest about meeting her liabilities must consist
In The TACT that the state on the cash OASIS Ihere
entire CONVICTION that the Executive and Legislature
now IN session will suffer act TO pass that Will have
tendency o. impair the present judcious condition OF
hnAnce While very many old evils are beng ersdcated
The popular prejudice against money lenders has IN
duced some members Of the Legislature 10 offer and adj
yocae law 70 prevent usury and appropriate bills have
been referred N committees. We should regard the pas
sage OF act the subject unfortunate The oppos
What dered unusthabe high rates OF int
rest prevailing N This state must naturally induce DE
sire for their statement leading some legislators TO advo
cate the isacy o. restricting the operations OF borrowers
and leaders
Iere should te no great anxiety on the subject how
ever az Il n scarcely possible that California will make
such retrograde movement in political economy.
o,,s;Srro,t % be odees ar,n ,h ,,.sen, s"s,;on
Pebble opnsn evidently strongly favor Of providing
f0r equitable dstrbuton 81 the Of involuntary
nsolvonts. and bills with that object view are
the hands OF ccmmittces.
Bulkhead projectors are overwhelming the capital with
their favorie schemes g the eec thus far rather 10
excite repuguance 20 any legislation on the subject II
e one Of such importance 10 preclude any other thsu
proper action public attention 10 the matter having been
iuly aroused by the grand struggle among the different
conlrstitors for the work II is doubtful whether any
thlBg will be contaminated during the present session
The funding Of the outstanding city scrip, seued by the
old city corporation, and rejected by the Randolph
Comm - Oners Ia swing attention II is believed that
the necessary act will be passed shortly An eSrt 10
close VI the sale Of what IL known az city slip property
made IL December 1858, s being made with promise OF
success
The disappointment Of the holders o. Ssn Francisco Fire
aud Cv bonds DOT being paid their January coupons
stipulated IN New York IL much 10 be regretted Their
rayneu, In c0ngequcnce 81 intcsl proceeiings
by the Fund Commissioners against the Bard OF
Supervisors The court far have sustained the action
" the latter body and over half TIE Interest has been