The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1858-12-23

IN New YORK Land Warrants are quoted at
sec per acre.
There is little money in the city TO loan.
The current rates are for short loans. 20 CT. :,
month on first class paper; on long paper Il
% u ceat. per month.
general expectation prevails Of large i'm.
pettstons Of money III the spring.
Our business community has SO thoroughly
indicated its financial standing that it 10 be.
coming a tayorile he.d for Investment.
1t Is striking fact in tals connection, that
scarcely any mercantile paper has been pro.
tested in this city during the year Nothing
can afford a mora satisfactory assurance for
our future than this fact.
Part Of the 500, 900 u per cent funds OF the
city ofS, Paul, issued to the Bridge Company,
on = first mortgage, have been negotiated at
Berlin at9ii cent, according to the New York
Tribune The following paragraph is from the
same paper
The State of Minnesota has provided for the
interest on its per ceGI bonds due IN January.
snl IN fac, a part OF the June interest, a. well
as the contribution 10 the sinking fund Is al.
ready IN the handle Of the Treasurer. iks paw
neni Of interest aud the maintenance OF tie
sinking fGud ere provided for by a tive mill IA Z
which IS levied for that purpose and this amour.
Is sufficient to pay the interest and s!i,57i OF
the principal, IN the shape OF q sinking fund an.
nualy, which will liqadate the loan before ma
,urity. The bonds are due lst of Jolly. ls6.
These should not be COMPOUNDED with the bonds
issued 10 AID oil railroads by the state which
have 10 sinking fund and DO arrangement,
whatever for the payment OF the interest. The
bonds alluded 10 above we're issued 10 raise
money TO pay OF Indebtedness OF the state, in
Organizing, maintaining the Government, etc
aud the state has no other debt bat this, with
the exception Of the bonds issued 10 railroads. -
The following is ca, from the Chicago Pres,
ssd Iiib,as Of the lt,h inst:
There are several on d,. floating abou,
the city IN regard TO srndry dodzes Which Ger.
tain parties are preparing TO make under the
new banking las OF Minnesota. The citizens
81 that State who have watched our course
heretofore. will aeguit us OF any desire 10 de
preclate their noble stats IN Any regard; bg,
&c confess 20 no little anxiety lest whA, the
meant Tor . safe And desirable banking law
should be used by aharpers 10 swindie the pub
lie. We learn that Il 10 proposed 30 dodge the
law, and that Is 10 possible to do II IN th. sc
Establish the bsnks on portion OF interes,
paying stocks, such a. virgiui Missouri, and
other interest paying states, get circulation,
then Withdraw these bonds and replace BY
Minnesota Railway stocks or .ome,alng else.
We are. Of eourye. not sure that such . change
can be made and We hope the proper officers
IN Minnesota will take care that i, d not. i
they wish 10 preserve the credit OF their Sres
ing state for honesty and fair dealing. Ou'
only ohleetin mentioning the subject 10 TO VAR
both them snd the public Of every pos.ies'
danger.
The Press need be under No ccneern. III.
securities for bank issues under oGr ,av eaaast
be .iiAdrs.n. sxsep, BY consent Of the Audi
tor. sor for any securities Of lee. vslas thar
,hO.e IN his hands. It's 10, possible to dods,
the az BY any zach nonsense IS sAs, deseri bee
BY osr Chicago guardians